Tell me your predictions about Bitcoin - page 119.

danherbias07

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Quote from: Intristing on August 16, 2016, 10:03:05 AM

Quote from: ttargett on August 15, 2016, 06:01:23 PM

Quote from: HeroCat on August 12, 2016, 09:25:34 AM

The main problem in next 5 years will be BTC transaction time. If BTC transaction time is more than 2 minutes, you can not use it in shops, even Web shopping is difficult. Currently BTC transaction time can be more than 24 hours. Grin

i hope this is going to be changed in the near future in order to attract more people to bitcoins

The transaction confirmation will be on average more than 10 minutes. You cannot change that. You can can use bitcoin visa card, that is instant.

Actually it is getting really longer now. I hope they can manage to do something about it. But if none for the moment I wont mind also. It is still cheaper than others.

Intristing

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Quote from: ttargett on August 15, 2016, 06:01:23 PM

Quote from: HeroCat on August 12, 2016, 09:25:34 AM

The main problem in next 5 years will be BTC transaction time. If BTC transaction time is more than 2 minutes, you can not use it in shops, even Web shopping is difficult. Currently BTC transaction time can be more than 24 hours. Grin

i hope this is going to be changed in the near future in order to attract more people to bitcoins

The transaction confirmation will be on average more than 10 minutes. You cannot change that. You can can use bitcoin visa card, that is instant.

ttargett

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Quote from: HeroCat on August 12, 2016, 09:25:34 AM

The main problem in next 5 years will be BTC transaction time. If BTC transaction time is more than 2 minutes, you can not use it in shops, even Web shopping is difficult. Currently BTC transaction time can be more than 24 hours. Grin

i hope this is going to be changed in the near future in order to attract more people to bitcoins

Crazygreek

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Merit: 251

I have no predictions, and i don't like making prediction cause i am bad on it, everything goes wrong and better just wait to see what will happen in future.

terman45x

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Quote from: coin_gambler on August 15, 2016, 01:32:20 PM

Quote from: HeroCat on August 12, 2016, 09:25:34 AM

The main problem in next 5 years will be BTC transaction time. If BTC transaction time is more than 2 minutes, you can not use it in shops, even Web shopping is difficult. Currently BTC transaction time can be more than 24 hours. Grin

i doubt it will be that big of a trouble in the future, in my opinion the bitcoin code is going to be changed and waiting time problems will be solved

Merchants will hate to wait for the confirmation time and if that issue is not solved then I don't think that they will be interested in accepting bitcoin as a mode of payment.

coin_gambler

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Quote from: HeroCat on August 12, 2016, 09:25:34 AM

The main problem in next 5 years will be BTC transaction time. If BTC transaction time is more than 2 minutes, you can not use it in shops, even Web shopping is difficult. Currently BTC transaction time can be more than 24 hours. Grin

i doubt it will be that big of a trouble in the future, in my opinion the bitcoin code is going to be changed and waiting time problems will be solved

Bepesand

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Quote from: deisik on August 15, 2016, 06:15:52 AM

Quote from: goinmerry on August 15, 2016, 05:57:51 AM

Quote from: deisik on August 13, 2016, 01:41:22 PM

Quote from: Bepesand on August 13, 2016, 12:21:33 PM

Quote from: secone on August 12, 2016, 12:18:22 PM

Quote from: gilangIDR on August 11, 2016, 08:14:48 PM

I predict bitcoin will become one of the digital currency that is recognized worldwide. more and more users are using bitcoin. some large companies have received the bitcoin as a financial payment media.

and the current number of users bitcoin is not too much if the count of the entire population of the world, so that large companies or banks not willing to take steps to adopt. but if bitcoin user growth is increasing, I believe bitcoin will be successful in the future.

There are too few users, so the banks or large financial instutions will not be intererested in the bitcoin. After more users, they will adopt it.

Now banks and large financial institutions are not interested in Bitcoin because its user base is tiny, but when its user base hits the sky while the price hits the moon, the banks and large financial institutions won't be interested in Bitcoin because they won't have enough means to afford it. Whoever comes first is served best, lol...

Otherwise known as the winner takes it all

But wait. If they will think that there is still a chance for it to grow then they can still risk some money to afford some bitcoin. If I got the means to have a large number of money to buy it then I will. It just need a little optimism.

But banks may evidently not have that little bit of optimism. In fact, they don't need optimism at all (either big or small), all they need are sure and consistent ways to earn profits. For example, lending money secured with a solid collateral is one of such ways. Really, why would they want to risk money if they can earn money pretty much without taking risk altogether?

Does Bitcoin cut it? Obviously, not yet

The bitcoin can be used by the banks in the future. The cost of using the bitcoin will be lower so the banks can earn more profit.

deisik

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Quote from: goinmerry on August 15, 2016, 05:57:51 AM

Quote from: deisik on August 13, 2016, 01:41:22 PM

Quote from: Bepesand on August 13, 2016, 12:21:33 PM

Quote from: secone on August 12, 2016, 12:18:22 PM

Quote from: gilangIDR on August 11, 2016, 08:14:48 PM

I predict bitcoin will become one of the digital currency that is recognized worldwide. more and more users are using bitcoin. some large companies have received the bitcoin as a financial payment media.

and the current number of users bitcoin is not too much if the count of the entire population of the world, so that large companies or banks not willing to take steps to adopt. but if bitcoin user growth is increasing, I believe bitcoin will be successful in the future.

There are too few users, so the banks or large financial instutions will not be intererested in the bitcoin. After more users, they will adopt it.

Now banks and large financial institutions are not interested in Bitcoin because its user base is tiny, but when its user base hits the sky while the price hits the moon, the banks and large financial institutions won't be interested in Bitcoin because they won't have enough means to afford it. Whoever comes first is served best, lol...

Otherwise known as the winner takes it all

But wait. If they will think that there is still a chance for it to grow then they can still risk some money to afford some bitcoin. If I got the means to have a large number of money to buy it then I will. It just need a little optimism.

But banks may evidently not have that little bit of optimism. In fact, they don't need optimism at all (either big or small), all they need are sure and consistent ways to earn profits. For example, lending money secured with a solid collateral is one of such ways. Really, why would they want to risk money if they can earn money pretty much without taking risk altogether?

Does Bitcoin cut it? Obviously, not yet

goinmerry

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Quote from: deisik on August 13, 2016, 01:41:22 PM

Quote from: Bepesand on August 13, 2016, 12:21:33 PM

Quote from: secone on August 12, 2016, 12:18:22 PM

Quote from: gilangIDR on August 11, 2016, 08:14:48 PM

I predict bitcoin will become one of the digital currency that is recognized worldwide. more and more users are using bitcoin. some large companies have received the bitcoin as a financial payment media.

and the current number of users bitcoin is not too much if the count of the entire population of the world, so that large companies or banks not willing to take steps to adopt. but if bitcoin user growth is increasing, I believe bitcoin will be successful in the future.

There are too few users, so the banks or large financial instutions will not be intererested in the bitcoin. After more users, they will adopt it.

Now banks and large financial institutions are not interested in Bitcoin because its user base is tiny, but when its user base hits the sky while the price hits the moon, the banks and large financial institutions won't be interested in Bitcoin because they won't have enough means to afford it. Whoever comes first is served best, lol...

Otherwise known as the winner takes it all

But wait. If they will think that there is still a chance for it to grow then they can still risk some money to afford some bitcoin. If I got the means to have a large number of money to buy it then I will. It just need a little optimism.

deisik

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Quote from: Bepesand on August 13, 2016, 12:21:33 PM

Quote from: secone on August 12, 2016, 12:18:22 PM

Quote from: gilangIDR on August 11, 2016, 08:14:48 PM

I predict bitcoin will become one of the digital currency that is recognized worldwide. more and more users are using bitcoin. some large companies have received the bitcoin as a financial payment media.

and the current number of users bitcoin is not too much if the count of the entire population of the world, so that large companies or banks not willing to take steps to adopt. but if bitcoin user growth is increasing, I believe bitcoin will be successful in the future.

There are too few users, so the banks or large financial instutions will not be intererested in the bitcoin. After more users, they will adopt it.

Now banks and large financial institutions are not interested in Bitcoin because its user base is tiny, but when its user base hits the sky while the price hits the moon, the banks and large financial institutions won't be interested in Bitcoin because they won't have enough means to afford it. Whoever comes first is served best, lol...

Otherwise known as the winner takes it all

Bepesand

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Activity: 151

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Quote from: secone on August 12, 2016, 12:18:22 PM

Quote from: gilangIDR on August 11, 2016, 08:14:48 PM

I predict bitcoin will become one of the digital currency that is recognized worldwide. more and more users are using bitcoin. some large companies have received the bitcoin as a financial payment media.

and the current number of users bitcoin is not too much if the count of the entire population of the world, so that large companies or banks not willing to take steps to adopt. but if bitcoin user growth is increasing, I believe bitcoin will be successful in the future.

There are too few users, so the banks or large financial instutions will not be intererested in the bitcoin. After more users, they will adopt it.

secone

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Activity: 700

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Quote from: gilangIDR on August 11, 2016, 08:14:48 PM

I predict bitcoin will become one of the digital currency that is recognized worldwide. more and more users are using bitcoin. some large companies have received the bitcoin as a financial payment media.

and the current number of users bitcoin is not too much if the count of the entire population of the world, so that large companies or banks not willing to take steps to adopt. but if bitcoin user growth is increasing, I believe bitcoin will be successful in the future.

danherbias07

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Activity: 3318

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Leading Crypto Sports Betting & Casino Platform

It will be a big one for bitcoin. A lot will see it and would also trust it. Investors will come seeing a big company is supporting it.

vero

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Quote from: ASHLIUSZ on August 12, 2016, 05:16:22 AM

Quote from: boyptc on August 12, 2016, 04:23:44 AM

Quote from: MTBTT on August 11, 2016, 08:52:34 PM

Quote from: Eidheen on August 09, 2016, 03:31:17 PM

Total centralization would kill all key features for what we value cryptocurrency.

I actually think that decentralization will kill all currencies or a place to store money owned by third parties. people will be more trusting of their own self

For sure it is possible in the future, because it is giving the people a lot of opportunities because of its decentralized economy. And I'm thinking about for the next 5 years for sure all over the world. Bitcoin is going to be a method already of payment by almost all companies and it is going to be a need by that time.

large companies like Microsoft, Dell, and Expedia have begun taking bitcoin as payment. Few start accepting bitcoin roughly one year ago, a number of major companies are not. Only introduced 7 years ago, Bitcoin is still growing.

from where you heard the news, I know bill gates has long been considering accepting bitcoin if all the news is true I think it's great for the development of bitcoin and definitely prices will rise rapidly

HeroCat

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The main problem in next 5 years will be BTC transaction time. If BTC transaction time is more than 2 minutes, you can not use it in shops, even Web shopping is difficult. Currently BTC transaction time can be more than 24 hours. Grin

deisik

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Quote from: ASHLIUSZ on August 12, 2016, 05:16:22 AM

Quote from: boyptc on August 12, 2016, 04:23:44 AM

Quote from: MTBTT on August 11, 2016, 08:52:34 PM

Quote from: Eidheen on August 09, 2016, 03:31:17 PM

Total centralization would kill all key features for what we value cryptocurrency.

I actually think that decentralization will kill all currencies or a place to store money owned by third parties. people will be more trusting of their own self

For sure it is possible in the future, because it is giving the people a lot of opportunities because of its decentralized economy. And I'm thinking about for the next 5 years for sure all over the world. Bitcoin is going to be a method already of payment by almost all companies and it is going to be a need by that time.

large companies like Microsoft, Dell, and Expedia have begun taking bitcoin as payment. Few start accepting bitcoin roughly one year ago, a number of major companies are not. Only introduced 7 years ago, Bitcoin is still growing.

Could you please post a link where I could buy something from Microsoft with bitcoins? I remember they were saying something about using Bitcoin as a means of payment, but I have yet to see this option with my own eyes...

Seeing is believing, you know

ASHLIUSZ

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Quote from: boyptc on August 12, 2016, 04:23:44 AM

Quote from: MTBTT on August 11, 2016, 08:52:34 PM

Quote from: Eidheen on August 09, 2016, 03:31:17 PM

Total centralization would kill all key features for what we value cryptocurrency.

I actually think that decentralization will kill all currencies or a place to store money owned by third parties. people will be more trusting of their own self

For sure it is possible in the future, because it is giving the people a lot of opportunities because of its decentralized economy. And I'm thinking about for the next 5 years for sure all over the world. Bitcoin is going to be a method already of payment by almost all companies and it is going to be a need by that time.

large companies like Microsoft, Dell, and Expedia have begun taking bitcoin as payment. Few start accepting bitcoin roughly one year ago, a number of major companies are not. Only introduced 7 years ago, Bitcoin is still growing.

boyptc

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Quote from: MTBTT on August 11, 2016, 08:52:34 PM

Quote from: Eidheen on August 09, 2016, 03:31:17 PM

Total centralization would kill all key features for what we value cryptocurrency.

I actually think that decentralization will kill all currencies or a place to store money owned by third parties. people will be more trusting of their own self

For sure it is possible in the future, because it is giving the people a lot of opportunities because of its decentralized economy. And I'm thinking about for the next 5 years for sure all over the world. Bitcoin is going to be a method already of payment by almost all companies and it is going to be a need by that time.

krishna1

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I Dont Think tha Bitcoin will Die in Upcoming Future Because It is the World First and Biggest Cryptocurrency and It is Now Accepted By Many Merchants Now and it is a Part Of Economy......
But There is a Obstacle that It Is Not Used By Every People But This Obstacle Will Be Removed if People Spread This Currency to Newbies........

MTBTT

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Quote from: Eidheen on August 09, 2016, 03:31:17 PM

Total centralization would kill all key features for what we value cryptocurrency.

I actually think that decentralization will kill all currencies or a place to store money owned by third parties. people will be more trusting of their own self

Topic: Tell me your predictions about Bitcoin - page 119. (Read 234779 times)