Future of Bitcoin Economics - page 31.

Labumi

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Quote from: Maximilian_333 on April 21, 2017, 12:03:57 PM

Quote from: darthmaul on April 21, 2017, 11:45:44 AM

I just believe in bitcoin that it will go crazy in few years and as people are dreaming it will reach to the moon. By this mean it will have amazing value may be up to 100k usd per bitcoin. That is just people's adrenaline I guess but it is always good to think it like that way.

The number of bitcoins is limited, and without a large amount of bitcoins in the hands of the people of citizens of different countries a great demand for bitcoin will not. For its prevalence is the appropriate policy, and it is no.

YYeah, it's basically still using bitcoin system existing in the world economy. Where the economic system is the main reference point in seeing the development and advancement of a product, I see also has a development of bitcoin is quite good for this year and there is a possibility in the future or in the next year of its development the better, things that will allow the price of the bitcoin higher and above our thinking or the predictions that we do. Because the world is all of these things have the same possibilities, depending on how we put it

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Quote from: X-ray on April 23, 2017, 04:32:43 AM

Quote from: radjie on April 22, 2017, 11:36:05 PM

Quote from: Mr.grin on April 22, 2017, 09:12:15 AM

Perhaps in the future, some of the world's economies will depend on bitcoin. That is, they have started looking for bitcoin in large numbers, and opened a business or business with it, and the business is a business that is completely legal, and the government also receives bitcoin. I am sure, the future of bitcoin economy will be very good.

Yes, I also agree with it in the future will be a lot of bitcoin d use, such as online selling needs or other transactions. But if the Government that you say I am still doubting it.
That certainly in the future will grow a lot more using bitcoin.

But we must see the bitcoin dev try to resolve the problem of bitcoin. So, it's possible for bitcoin to get massive adoption by the people around the world.

Without more blocksize limit and I guess the massive adoption will impossible in the future. government will still always consider the bitcoin as illegal thing.

They do not need to declare bitcoin as illegal thing, as long as they can control it, there would be no more problem on their part. It is not a threat to them, in fact they are inspired with the blockchain so that would simply mean they find bitcoin a revolutionary invention and useful to mankind.

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Quote from: radjie on April 22, 2017, 11:36:05 PM

Quote from: Mr.grin on April 22, 2017, 09:12:15 AM

Perhaps in the future, some of the world's economies will depend on bitcoin. That is, they have started looking for bitcoin in large numbers, and opened a business or business with it, and the business is a business that is completely legal, and the government also receives bitcoin. I am sure, the future of bitcoin economy will be very good.

Yes, I also agree with it in the future will be a lot of bitcoin d use, such as online selling needs or other transactions. But if the Government that you say I am still doubting it.
That certainly in the future will grow a lot more using bitcoin.

But we must see the bitcoin dev try to resolve the problem of bitcoin. So, it's possible for bitcoin to get massive adoption by the people around the world.

Without more blocksize limit and I guess the massive adoption will impossible in the future. government will still always consider the bitcoin as illegal thing.

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Quote from: darthmaul on April 21, 2017, 11:45:44 AM

I just believe in bitcoin that it will go crazy in few years and as people are dreaming it will reach to the moon. By this mean it will have amazing value may be up to 100k usd per bitcoin. That is just people's adrenaline I guess but it is always good to think it like that way.

Surely and those who are already with bitcoins now and saving them for the future are most lucky and sensible people. Bitcoins will soon cross all the people expectations.

Yanisumin

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The future of bitcoins economics would not exist without Bitcoin. It's a plain common sense. Tho' Bitcoin can exist without it's economics. You know what I'm talking?

Of course the adaption of Bitcoin as a form of payment, and it's wayward prices through the years in the market make the "economics of Bitcoin" but if Bitcoin is just an invention that is named without even been used as a form of payment then Bitcoin will exist without it's economics.

The future of Bitcoin is still uncertain meaning the future of bitcoins economics is uncertain too.

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Quote from: geegaw on April 22, 2017, 10:22:11 AM

Quote from: ivanpoldark on April 22, 2017, 09:44:33 AM

Future of bitcoin is bright and shiny. No doubt that within 5 years we will see the rise of bitcoin value. The world becomes more smaller and the demand on supranational currencies only grows.

Hope you are right, I also hope in the future the value of bitcoin will increase and the demand for bitcoin will also increase. All countries in the world will accept bitcoin and bitcoin will become the first widely used virtual currency. But if want it to come true, first the government must accept it and people have to know about it, this is a problem to be solved. Bitcoin will have an impact on the economies of many countries if it is accepted, so I do not think the government can accept it, it's too dangerous

When the demand of bitcoin increase, the value will also increase. So if the value has increased, that means the demand has increased as well. But it's also possible that the supply decreased. (Just read the supply and demand law on Google).

For the whole world to accept bitcoins, everyone has to be educated. If they are going to remove cash totally, most poor people will be forever poor since they can't even have the new money (bitcoins). Children in the streets can't ask for money anymore because people will not just take out their phones outside of their pocket (to send bitcoins to the kids' smartphone).

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Quote from: Mr.grin on April 22, 2017, 09:12:15 AM

Perhaps in the future, some of the world's economies will depend on bitcoin. That is, they have started looking for bitcoin in large numbers, and opened a business or business with it, and the business is a business that is completely legal, and the government also receives bitcoin. I am sure, the future of bitcoin economy will be very good.

Yes, I also agree with it in the future will be a lot of bitcoin d use, such as online selling needs or other transactions. But if the Government that you say I am still doubting it.
That certainly in the future will grow a lot more using bitcoin.

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Quote from: ivanpoldark on April 22, 2017, 09:44:33 AM

Future of bitcoin is bright and shiny. No doubt that within 5 years we will see the rise of bitcoin value. The world becomes more smaller and the demand on supranational currencies only grows.

If we look at the charts and past of bitcoin it's very amazing and unbelievable on how it did pumped and shine. And no doubt that the future of bitcoin will be having a big contact and help with the governments economic growth. 5 years from now is quite long maybe a couple or three will suffice to see the rise of bitcoin.

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We can make some guesses about the future of bitcoin even if we don’t get every single point of our predictions right we can still do it, for example the adoption of bitcoin keeps growing and with it its value so it seems safe to assume that in ten years the value of bitcoin will be bigger than it is now, how much? That will depend on the number of people adopting bitcoin.

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Quote from: ivanpoldark on April 22, 2017, 09:44:33 AM

Future of bitcoin is bright and shiny. No doubt that within 5 years we will see the rise of bitcoin value. The world becomes more smaller and the demand on supranational currencies only grows.

Hope you are right, I also hope in the future the value of bitcoin will increase and the demand for bitcoin will also increase. All countries in the world will accept bitcoin and bitcoin will become the first widely used virtual currency. But if want it to come true, first the government must accept it and people have to know about it, this is a problem to be solved. Bitcoin will have an impact on the economies of many countries if it is accepted, so I do not think the government can accept it, it's too dangerous

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Quote from: Maximilian_333 on April 21, 2017, 12:03:57 PM

Quote from: darthmaul on April 21, 2017, 11:45:44 AM

I just believe in bitcoin that it will go crazy in few years and as people are dreaming it will reach to the moon. By this mean it will have amazing value may be up to 100k usd per bitcoin. That is just people's adrenaline I guess but it is always good to think it like that way.

The number of bitcoins is limited, and without a large amount of bitcoins in the hands of the people of citizens of different countries a great demand for bitcoin will not. For its prevalence is the appropriate policy, and it is no.

I don't understnad about your opinion dude. the limited amount of bitcoin gives more opportunity for the price will be increase a lot in the future.

ivanpoldark

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Future of bitcoin is bright and shiny. No doubt that within 5 years we will see the rise of bitcoin value. The world becomes more smaller and the demand on supranational currencies only grows.

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I really hope that the future for all bitcoin holders will be bright, bright enough to look forward with a decent amount of $ stashed as a bitcoin in our wallets.

It is an obvious thing that BTC is attracting an increasing number of users coming into the network and the system. It does not even necessarily means that the price goes higher (because of the higher demand, and smaller supply) but it means the volume is even sky-rocketing more, plus the total market capitalization on bitcoin and cryptocurrencies is getting bigger.

Future for bitcoin? That is a truly hard question to answer, because cryptocurrency world is too unpredictable to be sure about anything, but I think that the future is bitcoin being used as a replacement for bank system, but that is a really hard task to accomplish for any currency, banks are present on the planet for many hundreds of years.

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Perhaps in the future, some of the world's economies will depend on bitcoin. That is, they have started looking for bitcoin in large numbers, and opened a business or business with it, and the business is a business that is completely legal, and the government also receives bitcoin. I am sure, the future of bitcoin economy will be very good.

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Quote from: choppork on April 22, 2017, 06:55:06 AM

Quote from: frowsiter on April 19, 2017, 11:51:58 AM

Indeed no body can really predict what bitcoin will cook in the future but at least we can have some idea from critics reviews. The daily news, updates and on going trades can result into closest possible assumption of bitcoins future. We have advance techniques of predicting things, so it's not like that we can't predict anything but we can have some idea. And my prediction says bitcoin is going to be way too profitable for us.

I wonder what are those advanced techniques for prediction. I see there are charts that have lines/curves and they use it to predict the incoming market. But does it really work? If it does, we should all be rich by now and the method will always be talked about since the websites that allows you to have those calculations are just common knowledge. We all can predict the price but not all of it will be correct

It doesn't actually matter

Some people need crutches since they basically don't want to think for themselves. But since they are not complete idiots, they won't bait on anything simple. They need something really complicated or even mind-boggling and terrifying that could give them enough confidence and awe. But when they and their complicated methods fail, they think that they chose the wrong tool, not enough complicated, and thus they look for even more bizarre methods with even fancier names (something like Gartley patterns, Tirone levels, or Ichimoku charts)

Terrified? No need to be, I don't know what are them either

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Quote from: frowsiter on April 19, 2017, 11:51:58 AM

Indeed no body can really predict what bitcoin will cook in the future but at least we can have some idea from critics reviews. The daily news, updates and on going trades can result into closest possible assumption of bitcoins future. We have advance techniques of predicting things, so it's not like that we can't predict anything but we can have some idea. And my prediction says bitcoin is going to be way too profitable for us.

I wonder what are those advanced techniques for prediction. I see there are charts that have lines/curves and they use it to predict the incoming market. But does it really work? If it does, we should all be rich by now and the method will always be talked about since the websites that allows you to have those calculations are just common knowledge. We all can predict the price but not all of it will be correct.

The daily news, updates, and ongoing trades aren't that reliable, TBH. The news is released after the market has already moved. The price has already decreased when they announced the major issue that caused it. People are too busy to dump their coin to write an article right away. And even when they write an article first before they dump, other people have already dumped their coins by the time they publish the article.

There's always a small delay between the happenings and the news, so you can't actually rely that much on the news. Although of course you can be a lucky guy and see the news before most people.

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Quote from: darthmaul on April 21, 2017, 11:45:44 AM

I just believe in bitcoin that it will go crazy in few years and as people are dreaming it will reach to the moon. By this mean it will have amazing value may be up to 100k usd per bitcoin. That is just people's adrenaline I guess but it is always good to think it like that way.

when youre prediction bitcoin price incraese to 100k dollar
and what do you think about fee, fee sending every one sending minimum 20k satoshi, with bitcoin price 100k dollar, you charge fee 20 dollar every sending

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Quote from: webtricks on April 21, 2017, 11:11:16 AM

Quote from: Potato Chips on April 21, 2017, 11:05:36 AM

Quote from: webtricks on April 21, 2017, 10:08:33 AM

Quote from: aniespresident on April 21, 2017, 05:42:47 AM

I think I recall seeing that even one country has adopted it as their national currency. That is a step in the right direction for the future of bitcoin is strong indeed. The economic progress of the adoption of bitcoin is affected and the number of people using bitcoin. If those two things happen I believe bitcoin will be growing and the economy is getting stronger.I believe in the future of bitcoin will continue to grow as I'm sure there will be more people who will be using bitcoin

I don't think nationalisation of Bitcoin by any country is right thing to do. This will leads to concentration of mining fields in that country and country will partially become ruler of Bitcoin. We all using Bitcoin will be subject to policy of that country's rule. So rethink!

Isn't it happening right now? every country has a different view on bitcoin and have their different ways of handling it. some country may not even care right now but if the popularity of it boost on their country. they will certainly regulate it. a nation to start adopting bitcoin as their national currency is a long way to go. the hardest part on that is when the central bank should create a reserve first thats why a large amountnof money need to be invest first on bitcoin.

Regulating the bitcoin is certainly a paralysed idea. Suppose my country is keeping the complete check of transactions within the country, how can you say they will peek in my wallets whom I am hosting on VPN/Proxy, etc. It is just a sweet dream away for Bitcoin reality made by some immatures.

That's why i said that every country has a different ways of handling it. to regulate is to supervise something by giving a set of rules, this is done

usually to maintain that nothing bad happens. what you have said is just another way of regulating it which is clearly impossible because people use

multiple addresses,VPN etc. but it doesn't mean that there are no other ways of regulating it right? there are a bunch of ways. you might wanna read

these where regulators varies per country https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory. bitcoin is still new to

governments thats why this is subject to change over time.

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Quote from: darthmaul on April 21, 2017, 11:45:44 AM

I just believe in bitcoin that it will go crazy in few years and as people are dreaming it will reach to the moon. By this mean it will have amazing value may be up to 100k usd per bitcoin. That is just people's adrenaline I guess but it is always good to think it like that way.

The number of bitcoins is limited, and without a large amount of bitcoins in the hands of the people of citizens of different countries a great demand for bitcoin will not. For its prevalence is the appropriate policy, and it is no.

darthmaul

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I just believe in bitcoin that it will go crazy in few years and as people are dreaming it will reach to the moon. By this mean it will have amazing value may be up to 100k usd per bitcoin. That is just people's adrenaline I guess but it is always good to think it like that way.

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