Topic: Is the future of Bitcoin uncertain? (Read 1500 times)

Now indeed there are several developed countries that are planning to legalize Bitcoin. This is obviously very good news, but it hasn't had much of an effect this year because Bitcoin's price range is still the same as it was two months ago, so patience is still needed. But on the other hand I also think that investors along with some companies that already believe in Bitcoin may still not make large purchases, so there is no big change in Bitcoin price for now.

The great potential of Bitcoin is that more countries legalize so that it will be very valuable in the future, the amount of stock cannot be added so that what happens is to increase large demand and make prices skyrocketed quickly, the best we do is be patient for Bitcoin Hold.

Bitcoin that uses the concept of decentralization is certainly very dependent on demand and stock, and at this time demand is still low so that the price continues to decline, but if we look at the trend that goes globally then we must be optimistic that there will be an explosion that can make prices skyrocketed in a fast tempo .

Isnt the point that BTC has a set schedule and so its more certain then the unknown politically driven major currencies of the world.  We've seen FIAT paper undermined by the policies of the last few decades to no good effect, the idea being destroying the currency base was less of a negative then allowing unemployment to happen or whatever negative event in the economic cycle would otherwise happen with higher debt and currency value.
   Theres a hidden mine of volatility in currency now because of this false debt buying via QE that will collapse like a sinkhole; plainly volatility will spike making all major currencies will also collapse in their certainty.

  Some think crypto will also be dragged down in this scenario and some believe we will find greater balance and ability to trade when transacted in Bitcoin, hence the value of BTC greatly rises by being completely predictable in its production vs demand.
 Dollar or others continually throw out new money, growth via technology has underpinned some of that by its innate growth (most new money never physically exists hence bankers argue no inflation) but it might prove true that politics can only decline in its influence possibly banned from controlling national currencies.   Some think gold, its not BTC which is the uncertainty its the human reaction part we cant know yet.

You can as well tell your bro to. save the date and make a bet with him about what will cost a fortune in the future, many have said such disgusting and derogatory statements about Bitcoin severally, but many of them always fall back to take back their negative perception of Bitcoin.

So I will say Bitcoin will be just fine in the future no matter what happens and the truth is, bitcoin will survive many decades too. come and end up becoming a widely used alternative currency.

They key on here is on that demand, whatever the mining rewards would be or on how scarce it would be as long the demand is keeping on increasing then expect that value would really be going high.

We cant really know on what would be the future looks like but seeing on the current community support of Bitcoin then we could or can really tell that it does have a high potential that it might last up for more decades
to come but of course as an investors, then you shouldnt really be doing that all in kind of behavior.

Always mind off about the risk because nothing is assured and everything could happen and this thing should be bared up on mind.

If Bitcoin can't be mined, then why can't Bitcoin maintain its position? I think that the price of Bitcoin will be even higher after 2025. Because Bitcoin will be more and more scarce. My estimation is also almost the same as your brother's, that by 2025 Bitcoin will be exhausted in the mines. But I think the opposite compared to your brother. I am more convinced that the price of Bitcoin will be higher. Maybe I as a small investment player can't afford to buy Bitcoin.

Bitcoin is a very great technology, because Bitcoin can be a revolution of a world currency, this is the reason Satoshi Nakamoto made Bitcoin,
yes it's a bit of a controversy because I'm sure if that happens then the world will definitely not like it, like America Unions and maybe USD will be threatened,
far from that Bitcoin is also still very potential in the future because it will become an important asset for the world besides gold.

We really have to understand that the demand for Bitcoin always decreases during a bear market, because many investors panic during
a bear market. Finally, quite a lot of investors choose to sell their Bitcoin at a low price, that will eventually make the Bitcoin price go down.
Then what makes me disappointed is that there are always investors who doubt that Bitcoin can return to the ATH price,  so many investors
panic when it's a bear market. Moreover, this year too many bad things happened. Such as high inflation, the ongoing COVID-19 pandemic,
and Russia's war with Ukraine. That's why the current bear market is worse than expected, even Bitcoin is currently very difficult to rise
above the price of $ 25k.

There are some people who predict the price of Bitcoin this year will drop to the price of $10k, although I am very sure Bitcoin will not fall that low.
Bitcoin support price is very strong, I'm optimistic Bitcoin can recover to $22k price in the near future. Why do I believe that the future of Bitcoin
will be bright, because I have faced bear markets before. Which is where Bitcoin will always recover and reach the new ATH price, even if
the Bitcoin price drops very low. So my advice is never to doubt the future of Bitcoin, and don't miss the opportunity to collect Bitcoins at low prices.
It will only hurt us if we skip collecting Bitcoins at low prices, because we can't make big profits if we don't collect as many Bitcoins at low prices.

The next Bitcoin halving on Bitcoin will indeed have an impact on the Bitcoin price which could be higher than the previous one. But what needs to be seen here is that Bitcoin miners and Bitcoin buyers in the past will also sell their Bitcoins back when they see a very large price on Bitcoin so that high prices in Bitcoin will not last long in the market.
Except the volume of buying is still much larger than selling in the market on Bitcoin.

We don't know for sure what the value ratio will be when the next bitcoin halving. However, based on the previous period, when the halving usually has a positive impact on the crypto market and pushes the bitcoin price up significantly, making bitcoin bullish after the halving occurs. Moreover, when the halving occurs, miners then have less Bitcoin to sell, thus making the bitcoin price higher and setting a new ATH record.

The future of the world is pretty uncertain, what includes bitcoin, since it will be impacted by the events happening at global level. Currently, we face war threats, economical crisis, natural changes and disasters, alarming population growth, hate and hostility increasing among people fueled by political powers and agendas... All these points make the future unclear and uncertain. Nobody can foresee what is going to happen, especially when talking about bitcoin. I believe we should expect the best, but prepared for the worst, so we can survive the harsh times with endurance until a new dawn rises again.

When all the bitcoins will be mined, it means that there can be no more bitcoins in circulation. This means that the price of bitcoin will rise more and it won't become dead.
Of course, there should be demand for bitcoin. For bitcoin to be dead, there need to be some circumstances where everyone in the world stops using bitcoin because of some flaw or anything, which won't happen for sure.

I don't expect any further declines in Bitcoin because that would look even more bleak for everyone who still holds Bitcoins until now. Speculating on the price of Bitcoin is not a problem as long as it makes sense and is logical, because no one can predict what the price will be in the next month or next year on Bitcoin.

What you are saying is correct, because I also think there are more people selling Bitcoin at high prices to take advantage of the Bitcoins they have bought in the past or present.
I think it's also natural for people to do that because they want to make a profit and don't see Bitcoin as a valuable asset that they once owned under certain conditions.
In terms of the country's economy, I think only countries with weak governance do not care about their country's economy, because the state government that cares about its own citizens will always try to make the country's economy better.

Although there are many restrictions from the country, but the thing that makes us optimistic about the future of Bitcoin is a very strong global community, in 2017 China has banned Bitcoin but market conditions continue to skyrocket, this proves that the country's banned will not have any impact.

Your brother told you that because by 2025 all the Bitcoin must have been mined and as such Bitcoin will be dead. What then happens to the one that were mined before this time? Does it mean people will have to do away with their holdings. Bitcoin is decentralised and because no one controls the functionality of how bitcoin transactions are been carried out individual but collectively as nodes it will take everyone holding Bitcoin to determine the fate of Bitcoin by 2025

Not the future, the present itself uncertain for various reasons.

• It is hard to predict the price movements, sudden transition of market trend happens in no time
• The market is subject to manipulation by the Whales
• Influencers have got the ability to drive the market upward/downward with their statements connective to crypto
• Governments and banks fear of cryptocurrency as a source of money laundering and terrorism funding
• More scams in the name of cryptocurrency creates negativity around the market

12 years ago the price of bitcoin was under $1000, and 4 years ago the price of Bitcoin was below $10000,
and now the price of bitcoin is at $20000, of course that's a very extraordinary thing because the price development of bitcoin is very fast,
it only takes 10 years. Bitcoin is able to go up to 10000x, and the future is still a question, how will it be in 2025? 2030? 2050? I don't know it's still a mystery

On the contrary, the OP has a good point on this topic, it all depends on the angle at which you are viewing it. Except that such a situation will never come to life. I had thought about this many times, what if the whole 21 million BTC is mined, what would become of it? All I could say is that the already mined coins would be the ones we would have to rely upon in circulation, and might become scarce as some might be hoarding them and don't want to release theirs in possession.

This will only cause more demand for the coin and the price will continually be shooting up.

Btc is uncertain even before but people keeps on speculating about it like if what will the price will be next month or next year so yes it makes sense. The current condition is gloomy because we are still in a bear run and people are expecting for more declines.

When it comes to country talks, I think not all country are trying their best to make their economy better. Now back in btc again, I think many people only care about the price of btc that when it becomes too high, they will then sell their btc holdings for some nice profits. Only a few treat it as a valuable asset that they won't think of selling it but they are keeping it as long as they can.