Topic: So what will happen to Bitcoin? (Read 511 times)
I think Google is faking now by saying that quantum computers are fully developed and ready now. In my opinion, there is still much time for the development of quantum computers to be finished.
I don't think that any external factors can destroy Bitcoin. Bitcoin will continue to be better and better for a very long time I believe. If it extincts, the reason would be that losing its power against new cryptocurrencies with better technologies.
We predict the future but I hope that your believe will be true because there has a lot of person who will do anything to have an affect for bitcoin and also if the government against by bitcoin it would be gone if the world must go with it.
I read an article today on https://gizmodo.com What's Going to Happen With Bitcoin?
Some experts posted their views.
Here's my little non-expert view
So what will happen to bitcoin? Bitcoin's creators have been clear that they intend this to become a currency of the future and not a speculative investment at a time when the rest of the world was struggling with stock market crashes in 2008.
As noted elsewhere, It's also part of a worldwide trend toward digital money so it will continue and will survive.
The fact that the Bitcoin protocol has been around for a while means that it will continue to evolve. You bet.
This is one reason Bitcoin could easily become a global currency while staying true to its original intentions.
However, to what extent the cryptocurrency will evolve as a payment system depends on global acceptance.
But what about Google's claim to have reached quantum supremacy? History has shown us that the will of the people and the masses can never be suppressed by any new tech. Where there's a will there will always be a way.
What do you all think?
You searching on google without know who give opinion about this article, he is an expert of bitcoin or not, always recheck with article do you read because you know which one good resource for your link and your information, not bad thing happen with bitcoin because many investor trust and loyal with investing on bitcoin and altcoin, they think bitcoin best investment assets for the future. Some experts posted their views.
Here's my little non-expert view
So what will happen to bitcoin? Bitcoin's creators have been clear that they intend this to become a currency of the future and not a speculative investment at a time when the rest of the world was struggling with stock market crashes in 2008.
As noted elsewhere, It's also part of a worldwide trend toward digital money so it will continue and will survive.
The fact that the Bitcoin protocol has been around for a while means that it will continue to evolve. You bet.
This is one reason Bitcoin could easily become a global currency while staying true to its original intentions.
However, to what extent the cryptocurrency will evolve as a payment system depends on global acceptance.
But what about Google's claim to have reached quantum supremacy? History has shown us that the will of the people and the masses can never be suppressed by any new tech. Where there's a will there will always be a way.
What do you all think?
People are mostly afraid of supercomputers for the reason that they can be the archenemy of Bitcoin's system in the future. But I think that they will not be dangerous for Bitcoin and it will continue to develop itself.
I don't think that any external factors can destroy Bitcoin. Bitcoin will continue to be better and better for a very long time I believe. If it extincts, the reason would be that losing its power against new cryptocurrencies with better technologies.
When it comes to the discussion of Bitcoin shifting from it true intention of becoming a world digital currency to an investment for monetary gain; we investors have ourselves to blame for it.
To become the world digital currency we need more development so that everyone is able to send the transaction in a short period of time and with lower transaction fees, we have low transaction fees now but to become a world digital currency you need more development to be done and if people are holding the money thinking about monetary gain you cannot blame them.Truth is that, majority of those who are holding Bitcoin or investing in it are in it for the money more reason we see constant price prediction. Hopefully, years to come, this perception will come to change to it true form.
Investment is all about making money be it forex stock or crypto everyone is trying their best to make the maximum benefit and it is impossible to change that perception.
if you try to look at the past then you should also be able to see from the beginning the creation of bitcoin to the present how bitcoin can have very expensive prices and why every year the price of bitcoin has increased in price so once you understand that then surely you will know what which will happen with bitcoin next.
No, Bitcoin isn't an option to take place over fiat but an option for us to use as a currency. Have to know that we are currently using this as a currency, not only it becomes applicable in all areas but people appreciate it for fast and easy transaction confirmation. It was considered that some of us purely seeing Bitcoin as an investment alone but sooner or later, either we like it or not, Bitcoin will be used as a currency.
Bitcoin is an option to take place over fiat but I am sure government won't choose this option. Being an option does not necessary means you have to choose it. It is there in place the current system failed to work.
in my opinion when google succeeded in making quantum computer technology. then the world will follow along with bitcoin and blockchain. maybe later in the future bitcoin developers will work hard to further improve the security system and so it is not easily hacked by quantum computer users. so as long as bitcoin developers and users can increase their security. nothing to worry about.
Only if they succeed in making it; Otherwise, bitcoin will face another obstacle. This action that was made by Google will be followed by other developers if they see success in their first run. This will add another popularity to bitcoin and increase its demand.
Even if google succeeded on creating this quantum computer, it is still impossible for it to crack Bitcoin's security code. You can check this article to know why.
When it comes to the discussion of Bitcoin shifting from it true intention of becoming a world digital currency to an investment for monetary gain; we investors have ourselves to blame for it.
Truth is that, majority of those who are holding Bitcoin or investing in it are in it for the money more reason we see constant price prediction. Hopefully, years to come, this perception will come to change to it true form.
thats the sad reality of how investors no treated bitcoin and its almost Fewer that who's in this investments about trusting the future.Truth is that, majority of those who are holding Bitcoin or investing in it are in it for the money more reason we see constant price prediction. Hopefully, years to come, this perception will come to change to it true form.
i remember when i was once told that Bitcoin will make me rich but then i replied that saying its not becoming a millionaire is what i want here but my next generation family members will benefit and that is more than enough for me.i don't wanted to be called hypocrite saying i don't want to earn here but at least i am for technology and what future waited from this currency
In the local section, a friend had made a simple calculation of his own. According to this calculation, the probability of 20 billion quantum computers finding a BTC address in 10,000 years; 0.0000000000139910250239947861121617024005824700676
Even if we increase the probability of 1000 times based on incorrect calculations; then probability reach 0.0000000139910250239947861121617024005824700676
So, do you think this assessment should be taken seriously?
[BTW, This calculation made by the friend is based on the claim that quantum computers can perform the operation calculated by the computers in 10,000 years in 300 seconds. Probability values are based only on figures on discourses.]
I'm not good at calculation but this answer makes sense so I think we don't know to worry about quantum computers for now, instead lets help and support Bitcoin's technology to spread more awareness globally and maybe someday we could open the eyes of the people who don't know the true worth of Bitcoin. Cryptocurrency might die but I'm pretty sure that the technology will last forever.
in my opinion when google succeeded in making quantum computer technology. then the world will follow along with bitcoin and blockchain. maybe later in the future bitcoin developers will work hard to further improve the security system and so it is not easily hacked by quantum computer users. so as long as bitcoin developers and users can increase their security. nothing to worry about.
Only if they succeed in making it; Otherwise, bitcoin will face another obstacle. This action that was made by Google will be followed by other developers if they see success in their first run. This will add another popularity to bitcoin and increase its demand.
in my opinion when google succeeded in making quantum computer technology. then the world will follow along with bitcoin and blockchain. maybe later in the future bitcoin developers will work hard to further improve the security system and so it is not easily hacked by quantum computer users. so as long as bitcoin developers and users can increase their security. nothing to worry about.
Will the Bitcoin predictions by Peter Schiff- The ‘gold advocate’ hit the bull’s eye?
https://www.thecoinrepublic.com/bitcoin-to-fall-at-1k-is-it-the-dead-end/
https://www.thecoinrepublic.com/bitcoin-to-fall-at-1k-is-it-the-dead-end/
When it comes to the discussion of Bitcoin shifting from it true intention of becoming a world digital currency to an investment for monetary gain; we investors have ourselves to blame for it.
Truth is that, majority of those who are holding Bitcoin or investing in it are in it for the money more reason we see constant price prediction. Hopefully, years to come, this perception will come to change to it true form.
This is how it plays, let's enjoy the game. Truth is that, majority of those who are holding Bitcoin or investing in it are in it for the money more reason we see constant price prediction. Hopefully, years to come, this perception will come to change to it true form.
I don't think there is someone could put our blames nor investors and holder take that cause in the first place, bitcoin isn't fully accepted as currency in all areas, not even all fastfood chain and big establishments accepting it. What makes sense of this? Of course, we consider this an investment as of now, may we could consider this sooner as a currency if it is accepted worldwide.
It is the true useful thing about bitcoin for now. no need to rush everything. and as you said @vintages enjoy the game for now. yes, don't be so stress for blaming others. bitcoin is still not just totally popular, local areas is still not covered and huge companies are still thinking to use bitcoin. payment method with cryptocurrency will begin and everyone will accept it positively. continue what is your intention for now, soon we will see bitcoins potential. curiosity will bring them there.
It has been predicted that Bitcoin wouldn't only end up as an investment instrument but rather a currency that would replace fiat in the future. As we can see, there are lots of changes and adoptions that happened to Bitcoin over the years. It isn't impossible for it to reach more. Bitcoin is always unpredictable but it keeps on surprising. If there will be massive adoptions in the future, Bitcoin could really be the digital currency that will change every economic situation.
So far, I do not see options for Bitcoin to replace fiat money. It is possible that the Ethereum network is more suitable for this function. We see how many stable coins are created on the Ethereum network.It has been predicted that Bitcoin wouldn't only end up as an investment instrument but rather a currency that would replace fiat in the future. As we can see, there are lots of changes and adoptions that happened to Bitcoin over the years. It isn't impossible for it to reach more. Bitcoin is always unpredictable but it keeps on surprising. If there will be massive adoptions in the future, Bitcoin could really be the digital currency that will change every economic situation.
So far, I do not see options for Bitcoin to replace fiat money. It is possible that the Ethereum network is more suitable for this function. We see how many stable coins are created on the Ethereum network.
It has been predicted that Bitcoin wouldn't only end up as an investment instrument but rather a currency that would replace fiat in the future. As we can see, there are lots of changes and adoptions that happened to Bitcoin over the years. It isn't impossible for it to reach more. Bitcoin is always unpredictable but it keeps on surprising. If there will be massive adoptions in the future, Bitcoin could really be the digital currency that will change every economic situation.
No doubt bitcoin will grow as early as possible. Though lots of people already invested their money in this project. And obviously there is a high chance of gaining more profits. The is a bad news though which I read in another thread that bitcoin will lose it's popularity. I'm not completely agree with that person. With the passage of time most countries are allowing bitcoin. So there is no doubt that bitcoin will grow more and more.
That matter of joy that I read this article https://all-stocks.net/russian-engineer-used-a-supercomputer-to-mine-bitcoin-at-nuclear-facility/ Let see what happen in the future. LOL!
That matter of joy that I read this article https://all-stocks.net/russian-engineer-used-a-supercomputer-to-mine-bitcoin-at-nuclear-facility/ Let see what happen in the future. LOL!
When it comes to the discussion of Bitcoin shifting from it true intention of becoming a world digital currency to an investment for monetary gain; we investors have ourselves to blame for it.
Truth is that, majority of those who are holding Bitcoin or investing in it are in it for the money more reason we see constant price prediction. Hopefully, years to come, this perception will come to change to it true form.
This is how it plays, let's enjoy the game. Truth is that, majority of those who are holding Bitcoin or investing in it are in it for the money more reason we see constant price prediction. Hopefully, years to come, this perception will come to change to it true form.
I don't think there is someone could put our blames nor investors and holder take that cause in the first place, bitcoin isn't fully accepted as currency in all areas, not even all fastfood chain and big establishments accepting it. What makes sense of this? Of course, we consider this an investment as of now, may we could consider this sooner as a currency if it is accepted worldwide.
When it comes to the discussion of Bitcoin shifting from it true intention of becoming a world digital currency to an investment for monetary gain; we investors have ourselves to blame for it.
Truth is that, majority of those who are holding Bitcoin or investing in it are in it for the money more reason we see constant price prediction. Hopefully, years to come, this perception will come to change to it true form.
This is how it plays, let's enjoy the game. Truth is that, majority of those who are holding Bitcoin or investing in it are in it for the money more reason we see constant price prediction. Hopefully, years to come, this perception will come to change to it true form.
I don't think there is someone could put our blames nor investors and holder take that cause in the first place, bitcoin isn't fully accepted as currency in all areas, not even all fastfood chain and big establishments accepting it. What makes sense of this? Of course, we consider this an investment as of now, may we could consider this sooner as a currency if it is accepted worldwide.
We should consider that all investors are after for making money out of their investment, but we cant deny to ourselves that crypto is more convenient to use when having a transaction, digital money is less hassle than always bringing a cash to buy something. That what everyone is wishing for.
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