people cling to all sorts of bad commodity investments and old technology for no good reason all the time, so of course bitcoin will still be around in 10 or 20 years. That doesn't mean bitcoin has 'made it', though
it's 2015 and people are still using Minix, there are still people posting to Tamagatchi forums, and there are still people snapping up new beanie babies
Topic: If BTC makes it 10 years I think it would officially have "made it".. (Read 2177 times)
December 02, 2015, 03:11:57 AM
December 02, 2015, 02:34:31 AM
The fact that btc dropped to 250-300 and stayed in that solid range for many months proves it can be a stable"ish" investment.
At least more stable than it was spiking up and down like crazy everyday. As exciting as those days were it scared off investors.
I think it has already made huge steps and would say it has made it. I mean we have Atm cards now! wasn't even expecting
that this soon.
At least more stable than it was spiking up and down like crazy everyday. As exciting as those days were it scared off investors.
I think it has already made huge steps and would say it has made it. I mean we have Atm cards now! wasn't even expecting
that this soon.
December 02, 2015, 01:14:25 AM
Did bitcoin not made it since it was born? Having a value internationally is difficult to get. Try making something and try to sell it. Will it have a value just like that? It needs a lot more than that. Bitcoin did it when it was born. That is still a success.
December 01, 2015, 10:45:59 PM
Ok so we have 3 more years to go to each the 10.
Right now the BTC user base is probably 1 to 1,5 million users and the value is ~$360.
How much more users and main stream media attention, growth in value etc. do we need to be fully accepted and being able to say "we've made it"?
Right now the BTC user base is probably 1 to 1,5 million users and the value is ~$360.
How much more users and main stream media attention, growth in value etc. do we need to be fully accepted and being able to say "we've made it"?
I'm curious about your estimate of 1-1.5 million users. Although knowing for sure is impossible, have you read any recent, compelling research that suggests those figures are accurate? Adoption is a critical metric to track but other than the figures self-reported by online wallet services with KYC barriers, it seems difficult to even venture a guess at a headcount.
December 01, 2015, 01:00:34 PM
Ok so we have 3 more years to go to each the 10.
Right now the BTC user base is probably 1 to 1,5 million users and the value is ~$360.
How much more users and main stream media attention, growth in value etc. do we need to be fully accepted and being able to say "we've made it"?
Right now the BTC user base is probably 1 to 1,5 million users and the value is ~$360.
How much more users and main stream media attention, growth in value etc. do we need to be fully accepted and being able to say "we've made it"?
December 01, 2015, 11:38:03 AM
You can already see many mainstream media giving us huge attention and starting to acknowledge us. These are the same media that were always accusing us of being a ponzi and how we will just dissappear one day.
Yes, the declining price has worked in their favor the last 2 years. Now after we have seen this trend reversal, many of them are starting to scratch their head and wonder, maybe this thing is for real after all.
Yes, the declining price has worked in their favor the last 2 years. Now after we have seen this trend reversal, many of them are starting to scratch their head and wonder, maybe this thing is for real after all.
December 01, 2015, 11:11:16 AM
So, if Bitcoin indeed has "made it" then let's bump the version number to 1.0 
December 01, 2015, 11:07:42 AM
Yea, you've made it... Even I am already using it.
And that is something.
And that is something.
December 01, 2015, 10:21:34 AM
Yeah I think so. That only proves that bitcoin is really a long term investment if it reach 10 years and it is still alive. By that time i guess lots of people are really interested in bitcoin.
December 01, 2015, 10:10:20 AM
Some people think that bitcoin al ready made it.
It is so. Bitcoin did it, but I just wish I just can do daily groceries with bitcoin.
It is so. Bitcoin did it, but I just wish I just can do daily groceries with bitcoin.
December 01, 2015, 03:45:24 AM
Hmm is maybe less than 5 years and I think that bitcoin have made it already.
The only thing to do now is that all of the people need to know about bitcoin.
And than I Bitcoin just ultimate made it.
The only thing to do now is that all of the people need to know about bitcoin.
And than I Bitcoin just ultimate made it.
December 01, 2015, 03:34:29 AM
Well I hope you realize that you'll be celebrating nothing more than an assumption. The exception to this would be if Bitcoin has found its place in the world and is no longer the rebel it currently is. Right now Bitcoin is like a righteous naive teenager who thinks he/she can solve the world's problems. That's what all teenagers and every new generation think when they first meet the world, the reality check comes later.
December 01, 2015, 02:50:00 AM
it's not about time only, it's about adoption, as i see it, if 1B people or 100M-1B people around the world begin to use bitcoin, we can say that bitcoin made it already, and it was a success otherwise not so much
i would say that it is remained a niche market
i would say that it is remained a niche market
It only takes a small amount of people's wealth to be put into Bitcoin to start raising an alternative economy that will not be part of the actual GDP as seen by goverments, we can grow an entire alternative world of money. It takes a small % of every person using it to make the price go high as the sky, if you do the simple math you will see it. When it's all said and done it all comes down to supply and demand and supply will keep getting shorter as demand grows.
in either case bitcoin, need to sucks a portion of fiat, a big portion, if you want the value to be really big in the future
so fiat in the end will partially collapse or reduced greatly in power and more worthless
November 30, 2015, 08:46:17 PM
If Bitcoin can make it 10 years that will show there is a trong community behind it, and it will likely not fail anytime soon. At 20 years, if Bitcoin is still talked about like it is these days, I would say we have officially "made it". If there is still a strong community after those 20 years, it likely means that Bitcoin is now a huge thing and is destined to stay around for a long time. The challenge now is making more good publicity for Bitcoin to make sure we can reach the 10 year mark.
November 30, 2015, 08:38:13 PM
I think 10-15 years is the make or break mark. The first ten years is the easy bit. Transactions in whatever form they are will have to rise or the falling block reward is going to cause mining to falter if values aren't on the up. The ideas it has fostered will live on forever but if it's still effectively nowhere by 2024 I think Bitcoin itself will be on its way to fading away.
November 30, 2015, 08:32:59 PM
remember that the media puppets can make up lies for the government and the population will swallow it...
when someone uses a gun and kills someone everybody blames the gun and not the person.... same can be done with bitcoin..
when someone uses a gun and kills someone everybody blames the gun and not the person.... same can be done with bitcoin..
November 30, 2015, 08:22:25 PM
Just my personal opinion on the matter..
I mean people still like to compare BTC to a ponzi -- well some of the bigger ponzis I've seen make it around 5 years before they start to fall or bust completely.
I'd think after year 10 it would be time to throw a huge party.
I mean people still like to compare BTC to a ponzi -- well some of the bigger ponzis I've seen make it around 5 years before they start to fall or bust completely.
I'd think after year 10 it would be time to throw a huge party.
Bitcoin has grown hugely in the past 2 years.
It only doesn't seem so because it didn't enter mainstream yet, but it's spreading hugely into infrastructures and finance world.
End 2013 it was still a thing for nerds and anarchists, from 2014 up to now it entered the world of large stores and finance, almost 1 billion $ has been spent on infrastructures for Bitcoin. And banks are now scared of it.
Now there will be the battle: first was ignoring, then derision, now it's time for battle.
Banks won't drop the game easily.
But my opinion is that if Bitcoin makes it for 2020, it will become global before 2025.
There's an interesting interview with Bitcoin evangelist Antonopoulos here, it would put peace into your heart if you read it
November 30, 2015, 07:14:52 PM
Anyone holding 1 in a million amount of coins in 10 years will be rich (that means 21 BTC, technically less since some coins are over forever shrinking the supply even more). Don't say you didn't read this back then.
November 30, 2015, 06:37:18 PM
Bitcoin had already hit it's mark in history but can it stain it there that's the question.
November 30, 2015, 01:57:18 PM
it's not about time only, it's about adoption, as i see it, if 1B people or 100M-1B people around the world begin to use bitcoin, we can say that bitcoin made it already, and it was a success otherwise not so much
i would say that it is remained a niche market
i would say that it is remained a niche market
It only takes a small amount of people's wealth to be put into Bitcoin to start raising an alternative economy that will not be part of the actual GDP as seen by goverments, we can grow an entire alternative world of money. It takes a small % of every person using it to make the price go high as the sky, if you do the simple math you will see it. When it's all said and done it all comes down to supply and demand and supply will keep getting shorter as demand grows.
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