[Prediction]Will bitcoin become global currency in next 20 years? - page 2.

disappear4ever

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Quote from: KenChanYu on October 24, 2018, 04:06:02 AM

I believe bitcoin will excel and standout as global currency worldwide, as it was grown promisingly and it has a bountiful background on which many investors resemble to onvest this asset. It certainly develope with great and reliable aspect even it take more period of time before it could recognize as the phenomenal institute tittle.

Right, I guess bitcoin can grow stronger & widely used around the world and tend to be relatively stable in comparing with other altcoins, then that will be the time everyone in the world wanna have it as a real independant global currency.

KenChanYu

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I believe bitcoin will excel and standout as global currency worldwide, as it was grown promisingly and it has a bountiful background on which many investors resemble to onvest this asset. It certainly develope with great and reliable aspect even it take more period of time before it could recognize as the phenomenal institute tittle.

disappear4ever

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Quote from: sheenaedago on October 24, 2018, 03:42:32 AM

I think it has a huge possibility to happen soon, with the good development of bitcoin and pleasant background which gives interest to be invested by people who are eager to earn profits. And I don't have any doubt about it.

I doubt it can grow to be the global currency only by speculation, it growing together with the development of blockchain technology & more use cases happening in our real society. But yes, I am also very positive Cool

disappear4ever

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Quote from: jose111 on October 24, 2018, 03:36:30 AM

Possibly yes, because as we can see as of now that it's adaptation is currently active. Day by day there are increase happening to it's adoption and huge number of people that interested to this system are continuously counting and beside of it, the legalization of it are considered going better and better. Some country in different part of the world are open now from it's legalization and their respected governments wanted to try and experience the better product that can give by it in a way of having much better and much develop economy in their country. So there will be the biggest chances that bitcoin will be global currency.

Great. In comparing with other altcoins, what do you think bitcoin's advantage & disadvantage in becoming biggest global cryptocurrency in the world?

hamdyinvestments

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I think it will become more and more a respected store of value and tilt towards being similar to gold than being similar to $ Dollar, unless it has technically improved to the extent where we would not think of transacting using a competing digital currency that works faster and is cheaper.

But man oh man right now in the last quarter of 2018 its such a pivotal moment for BTC and Crypto as the early 2018 fall is still in effect (for many reasons)... Will this Crypto Christmas be a Merry one?

I love my wife but honestly the bottom I want to see the most is Bitcoins!

sheenaedago

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I think it has a huge possibility to happen soon, with the good development of bitcoin and pleasant background which gives interest to be invested by people who are eager to earn profits. And I don't have any doubt about it.

disappear4ever

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Quote from: palle11 on October 24, 2018, 02:55:54 AM

Quote from: disappear4ever on October 23, 2018, 10:21:30 PM

(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?

I suspect that the media will be the first industry for mass adoption because the media at the moment is ready and waiting for any positive insightful news. Also, they (the media) realize the possibilities that are with digital currency investment. They are also the first point for communication to the public plus the trust repose on them.

Good point. I am sure it is helpful in spreading the use cases. Also I know some projects are connect original content creator with payment system, like AC3.

jose111

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Possibly yes, because as we can see as of now that it's adaptation is currently active. Day by day there are increase happening to it's adoption and huge number of people that interested to this system are continuously counting and beside of it, the legalization of it are considered going better and better. Some country in different part of the world are open now from it's legalization and their respected governments wanted to try and experience the better product that can give by it in a way of having much better and much develop economy in their country. So there will be the biggest chances that bitcoin will be global currency.

encester

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Quote from: disappear4ever on October 23, 2018, 10:21:30 PM

We are experiencing a going-down market from the beginning of this year, many speculators left the market & some new visitors coming in, it is not a bad thing - at least the market sort out those true believers who are the HODLers, but what they believe is a great thing or it is just a last virtual banquet? so here are some questions for us to discuss, if the answers are positive, hope it can bring us more confidence and patience to keep us stick to bitcoin for a very long time, here we go:

(1) Bitcoin just a icon or trading tool which is not going to be used by global consumers for payment purpose as a mass adoption?
(2) Will bitcoin become global currency in next 20 years?
(3) How bitcoin can change our society and daily life fundalmentally?
(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?
(5) How long it will take to see the bitcoin price skyrocket to $1M

Any more questions or insights are welcome to follow, I will start as the first answer.

If we are talking in the next 20 years, there is a possibility that it can become a global currency. I wouldn't say other world currencies will not be used at all but as global transactions happen, Bitcoin can become a global currency. Plus, as we know there are other technology advancement as well such as AI and virtual realities being developed. By 20 years, I foresee a future where not just bitcoin, but the blockchain technology as a whole to be integrate into many industries/aspects of life.

disappear4ever

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Quote from: JesicaRose on October 24, 2018, 02:32:43 AM

In future, I would say no. Bitcoin is a new type of electronic money created by a software engineer (Satoshi Nakamoto) in 2009. Bitcoins are not controlled by the central bank, but are created by users who generate new bitcoins when they use their computing power to verify and process bitcoins in a transaction, But it can be possible if it satisfied the three ket functions of money (medium of exchange,unit of account and store of value)

Interesting, do not you think it will evolve itself to better satisfy the three key functions in the future?

Herbys

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Quote from: disappear4ever on October 23, 2018, 10:21:30 PM

We are experiencing a going-down market from the beginning of this year, many speculators left the market & some new visitors coming in, it is not a bad thing - at least the market sort out those true believers who are the HODLers, but what they believe is a great thing or it is just a last virtual banquet? so here are some questions for us to discuss, if the answers are positive, hope it can bring us more confidence and patience to keep us stick to bitcoin for a very long time, here we go:

(1) Bitcoin just a icon or trading tool which is not going to be used by global consumers for payment purpose as a mass adoption?
(2) Will bitcoin become global currency in next 20 years?
(3) How bitcoin can change our society and daily life fundalmentally?
(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?
(5) How long it will take to see the bitcoin price skyrocket to $1M

Any more questions or insights are welcome to follow, I will start as the first answer.

I think that the task of Bitcoin was to show an alternative to the current financial system.

When a global currency is introduced, it will not be distributed to individuals.

"I'm sure that in 20 years there will either be very large transaction volume or no volume."
Satoshi Nakamoto

disappear4ever

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Quote from: Pursuer on October 24, 2018, 02:27:35 AM

what you need to realize to get the answers to these question is that bitcoin is what it is! if you read the bitcoin paper you can see that the aim of it is perfectly clear. and the design is in a way to help reach that goal of being a decentralized payment system.
now what people use this design is up to them because bitcoin is never supposed to restrict people and force them to use it in a way that they don't want to.
so for your #1 for instance, when people use it for trading that doesn't change bitcoin's nature. it just shows those particular group of people are using bitcoin in one possible way.

On one hand, can not agree with you more. On the other hand, of course we can leave it for self evolution, but as a believer, I would think about what we can do to make everyone in the world benifit from it, not just from price increase, but also a better life.

ScarlleeLizzie

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In the next 20 years, when bitcoin Intrusion the market it will become a global currency. With superior value and high utility, in the future bitcoin will replace USD on the world market.

visionE2

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it is very difficult to make bitcoin for global currency because there are still many governments that prohibit its use in their countries because of its decentralized

javainn

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if the development of bitcoin is still good and the development of bitcoin continues to occur right now maybe in the next 20 years bitcoin can be realized into a good coin and has the potential to become a global currency that can be utilized throughout the world, the most important thing is the development of bitcoin to this day.

palle11

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Quote from: disappear4ever on October 23, 2018, 10:21:30 PM

(4) Which industries will be the breakthrough points for mass adoptions of bitcoin (blockchain)?

I suspect that the media will be the first industry for mass adoption because the media at the moment is ready and waiting for any positive insightful news. Also, they (the media) realize the possibilities that are with digital currency investment. They are also the first point for communication to the public plus the trust repose on them.

disappear4ever

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Quote from: MichaelOwen on October 24, 2018, 02:27:31 AM

20 years later? entirely possible . We have the right to hope for a bright future. At that time, people were able to use bicoins in their daily lives as money, even in remote areas. If that becomes a reality, it will be great Kiss

Exactly! We all looking forward to it.

disappear4ever

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Quote from: Herbert2020 on October 24, 2018, 01:57:29 AM

bitcoin has always been a global currency! that is not something it becomes. bitcoin is designed to be a global (boarderless) currency and has been exactly that from the start. all the drama about the price and the rest are the things people introduced for themselves afterwards and they have nothing to do with bitcoin itself because you can choose to use a currency as something you HODL, you can even HODL US dollar but that doesn't make dollar less of a currency.

it is interesting that you are doing it yourself too by contradicting your own statements. your title says "currency" but then all you focus on is the price! and that is one of the reasons why the mass adoption has not yet happened. because people talk one way and act another.

You know I do not mean that "global", bitcoin born with decentralized, the point is how it can be used by everyone in the world in their daily life.

I am not focusing on price at all - sorry if it makes you come to that - actually it is like a joke, such as "when to moon"... Grin

What I am focusing on is how this bitcoin & blockchain can change the world fundamentally.

JesicaRose

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In future, I would say no. Bitcoin is a new type of electronic money created by a software engineer (Satoshi Nakamoto) in 2009. Bitcoins are not controlled by the central bank, but are created by users who generate new bitcoins when they use their computing power to verify and process bitcoins in a transaction, But it can be possible if it satisfied the three ket functions of money (medium of exchange,unit of account and store of value)

Pursuer

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Where is my ring of blades...

what you need to realize to get the answers to these question is that bitcoin is what it is! if you read the bitcoin paper you can see that the aim of it is perfectly clear. and the design is in a way to help reach that goal of being a decentralized payment system.
now what people use this design is up to them because bitcoin is never supposed to restrict people and force them to use it in a way that they don't want to.
so for your #1 for instance, when people use it for trading that doesn't change bitcoin's nature. it just shows those particular group of people are using bitcoin in one possible way.

Topic: [Prediction]Will bitcoin become global currency in next 20 years? - page 2. (Read 517 times)