Tell me your predictions about Bitcoin - page 82.

deisik

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Quote from: nikilavi on January 21, 2017, 06:35:58 AM

First of all the answer to your question in the post.
I think by 2030 or maybe later the price of bitcoin will be 3000$+ or the trend of bitcoin will get over. Now i really don't understand why do people want bitcoin as a currency i don't know if you are aware but there can be a total of 21 million bitcoin and 14 million is already mined so technically it can't be a currency as there won't be any bitcoins left to distribute and if that happens then calling butcoin next gold won't make any sense

Bitcoin is assumed to be infinitely divisible

So there is no reason to think that there won't be enough bitcoins to use it as a currency. In fact, there will always be enough money to facilitate the exchange of goods since whatever the amount of money is available for circulation (provided the unit of money can be easily divided into subunits), it will be balanced with the amount of goods traded through price (less coins higher the price). In practice, that may and will certainly cause a host of other problems but these won't be related to this issue as such

slapper

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Quote from: nikilavi on January 21, 2017, 06:35:58 AM

First of all the answer to your question in the post.
I think by 2030 or maybe later the price of bitcoin will be 3000$+ or the trend of bitcoin will get over. Now i really don't understand why do people want bitcoin as a currency i don't know if you are aware but there can be a total of 21 million bitcoin and 14 million is already mined so technically it can't be a currency as there won't be any bitcoins left to distribute and if that happens then calling butcoin next gold won't make any sense

I do not agree to your idea. It is certain that the trend of Bitcon will continue at least one century. Because there are only 21 millions Bitcoin on this planet, there will be no inflation. Bitcoin can not be printed arbitrarily because Bitcoin is not FIAT and it is not controlled by the Government. And the additional reason why people love Bitcoin is that it is more secure than other currencies In the future, we will see more cryptos existing on this planet and maybe it will become even more popular than Bitcoin

nikilavi

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First of all the answer to your question in the post.
I think by 2030 or maybe later the price of bitcoin will be 3000$+ or the trend of bitcoin will get over. Now i really don't understand why do people want bitcoin as a currency i don't know if you are aware but there can be a total of 21 million bitcoin and 14 million is already mined so technically it can't be a currency as there won't be any bitcoins left to distribute and if that happens then calling butcoin next gold won't make any sense

szpalata

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Bitcoin is no doubt the currency for the future with a current market cap of $13billion and daily transactions of upto $500 million; even though this isn't enough to influence the world economy today I strongly believe it will thrive even better with time as we create the awareness for the whole world to get involved and adopt Bitcoin as their secondary currency. So in a nutshell I'm all positive about the future of Bitcoin.

MMA

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Quote from: Tanic on January 20, 2017, 10:16:37 AM

Quote from: bravehearth0319 on January 20, 2017, 06:45:58 AM

Quote from: RappelzReborn on July 04, 2015, 08:35:23 AM

I don't think that Bitcoin is going to die anytime soon personally because it's already spreading and spreading and we see a lot of companies (big ones) like Namecheap , Microsoft etc ... starting to accepting it as Payement method which is pretty good . for what comes to the price I'd say it will be around 600$ on the Next halving block reward which should me on the end of 2016 .

I agreed with you, Bitcoin for now is having a good price at this point of time. Perhaps, it happens because many companies now are little by little connecting in the concept system of bitcoin. Because they found out how the community positively respond in the edge of Bitcoin.

Yes, there is no a reason to talk about bitcoin's death and make people scared. Bitcoin is just on the second stage of it's history. The stage of rising and even that is only in the beginning. I think we will see much higher the price for bitcoin during next couple years.

yes there is no need to spread wrong news about bitcoin, i think we need to introduce bitcoin to our fiends and other people so that they can also start using bitcoin and make bitcoin more stronger than its present position, we can see that the bitcoin community is increasing and that is only because that people have faith and confident on bitcoin, and it is our responsibility to increase that faith and confident of the people.

HaXX0R1337

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Quote from: bravehearth0319 on January 20, 2017, 06:45:58 AM

Quote from: RappelzReborn on July 04, 2015, 08:35:23 AM

I don't think that Bitcoin is going to die anytime soon personally because it's already spreading and spreading and we see a lot of companies (big ones) like Namecheap , Microsoft etc ... starting to accepting it as Payement method which is pretty good . for what comes to the price I'd say it will be around 600$ on the Next halving block reward which should me on the end of 2016 .

I agreed with you, Bitcoin for now is having a good price at this point of time. Perhaps, it happens because many companies now are little by little connecting in the concept system of bitcoin. Because they found out how the community positively respond in the edge of Bitcoin.

That has nothing to do with the price of bitcoin.The main reason for the current price is that people found a new system without any regulations and you could do anything with it and the prices are really volatile and that is really conducive for an avid trader and it is now used as an investment platform because of the expected high return ,these things are the reason for the price we are seeing at this moment.

CROYA86

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Quote from: bachlovesstories on July 04, 2015, 08:23:28 AM

What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?

bitcoin future challenge is even greater, because the greater the consumer then the problem will soon emerge, that is where the challenge is, bitcoin should give confidence to the public if it is safe bitcoin easy, and simple, t
further eliminate slanted opinion that bitcoin is used to wash the money, if you can prevent problems like this from an early age
if it is already in beresi then bitcoin will get tremendous confidence from users around the world

Taki

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Quote from: pooya87 on January 20, 2017, 12:48:12 AM

Quote from: Taki on January 19, 2017, 01:58:57 PM

Cryptocurrency will take the place of "government" or "commodity" currencies. It's inevitable, it's just the natural evolution of money in terms of the Internet. Less friction, more anonymity, ease of use, the free flow of money around the world. The advantages are too great. This will happen regardless of how much in front of her building obstacles -it's just the path of least resistance.

it is not inevitable, it is more like wishful thinking, because nothing can replace government issued fiat currency. and even if cryptocurrencies become much more popular than now, the government will start issuing their own cryptocurrency which will be again like fiat and centralized.

Systems come and go, new systems take their place. Do not think that any system that is considered inviolable in the present, will reign Supreme forever. Socio-economic structure of human society has repeatedly changed throughout history, and I see Bitcoin as an expression of crypto currencies of the Internet will fundamentally change many of the existing systems. We are witnessing the beginning of this change, and it's truly an incredible thing.

Tanic

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Quote from: bravehearth0319 on January 20, 2017, 06:45:58 AM

Quote from: RappelzReborn on July 04, 2015, 08:35:23 AM

I don't think that Bitcoin is going to die anytime soon personally because it's already spreading and spreading and we see a lot of companies (big ones) like Namecheap , Microsoft etc ... starting to accepting it as Payement method which is pretty good . for what comes to the price I'd say it will be around 600$ on the Next halving block reward which should me on the end of 2016 .

I agreed with you, Bitcoin for now is having a good price at this point of time. Perhaps, it happens because many companies now are little by little connecting in the concept system of bitcoin. Because they found out how the community positively respond in the edge of Bitcoin.

Yes, there is no a reason to talk about bitcoin's death and make people scared. Bitcoin is just on the second stage of it's history. The stage of rising and even that is only in the beginning. I think we will see much higher the price for bitcoin during next couple years.

J Gambler

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Quote from: Smoxer on January 20, 2017, 09:57:13 AM

Bitcoin is here and is going to stay here. I belive that in the future, the bitcoin value will be X100 worth. It's just a game of time and how many people will understand how the bitcoin works

Don't so sure that bitcoin will stays forever i don't believe in forever but i believed in life time where i also don't believed that bitcoin can be x100 value in the next 10 years looking forward to it how if bitcoin will die on 2020? What people will do?

Smoxer

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Bitcoin is here and is going to stay here. I belive that in the future, the bitcoin value will be X100 worth. It's just a game of time and how many people will understand how the bitcoin works

President79

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Within the next 5 years I am still optimistic with bitcoin, but after that, bitcoin will die and be replaced with better coin. So we hold a maximum of bitcoin is only 5 years, when the price goes up and you think high, then do not rush to sell, because the price in 5 years still rising.

danherbias07

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Quote from: Botnake on January 20, 2017, 08:29:12 AM

Quote from: thepo1m on January 20, 2017, 07:17:54 AM

Quote from: Mr.ExtraOrdinary on January 19, 2017, 07:40:02 AM

In 5 years, it can become stable than now, i think in one condition if it would be regulated. For my opinion, for somehow Bitcoin must be regulated. Hiwever, the total centralization would kill all key features for what we value cryptocurrency. So I think after 5 years we find the way how to regulated it, but keep its features as well. Otherwise, it remain unstable, And it is popularity would grow slowly as well as an investment in it but not mainstream fastly.

5 years is a medium term projection, but regulated by who, if government start to regulate BTC, alot of people will move into another project and the aim is defeated. BTC derives most of its price because of its anonymous property and makes it suitable for Dark market users.

For me, I want the scaling issue resolved this year so as to move into another BTC use case

The government will not only target bitcoin because they know our next option, the whole crypto currencies will be regulated but not literally what we are thinking because they cannot do that directly to crypto currencies. They will make an avenue to regulate us and that is by using the exchange sites.

Through exchange sites? Problem is the owners of those websites will not approve with this kind of thing. So what will be their next step? It will be forcing us to use something that they have created or else there would be consequences. Something like a law might be created for their own purposes. Who wants the people to be free if they can get more. Pfft.

BeGoods

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Quote from: dearbesz1219 on January 20, 2017, 12:36:29 AM

Quote from: bachlovesstories on July 04, 2015, 08:23:28 AM

What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?

I don't know what will happen in the next five years about in bitcoin because I'm not a psychic. Actually, obstacles, problems and challenges are always become a tail of it. The factor that we can give support into it is let us continue to patronize and share it to our friends who are closed to us by simply referring it to them.

course of obstacles and problems on bitcoin will always come, ranging from the issue of in such price or from the outside as a competitor and so forth, but if bitcoin users continues to believe and continue using bitcoin, bitcoin will then continue to survive

Botnake

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Quote from: thepo1m on January 20, 2017, 07:17:54 AM

Quote from: Mr.ExtraOrdinary on January 19, 2017, 07:40:02 AM

In 5 years, it can become stable than now, i think in one condition if it would be regulated. For my opinion, for somehow Bitcoin must be regulated. Hiwever, the total centralization would kill all key features for what we value cryptocurrency. So I think after 5 years we find the way how to regulated it, but keep its features as well. Otherwise, it remain unstable, And it is popularity would grow slowly as well as an investment in it but not mainstream fastly.

5 years is a medium term projection, but regulated by who, if government start to regulate BTC, alot of people will move into another project and the aim is defeated. BTC derives most of its price because of its anonymous property and makes it suitable for Dark market users.

For me, I want the scaling issue resolved this year so as to move into another BTC use case

The government will not only target bitcoin because they know our next option, the whole crypto currencies will be regulated but not literally what we are thinking because they cannot do that directly to crypto currencies. They will make an avenue to regulate us and that is by using the exchange sites.

thepo1m

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Quote from: Mr.ExtraOrdinary on January 19, 2017, 07:40:02 AM

In 5 years, it can become stable than now, i think in one condition if it would be regulated. For my opinion, for somehow Bitcoin must be regulated. Hiwever, the total centralization would kill all key features for what we value cryptocurrency. So I think after 5 years we find the way how to regulated it, but keep its features as well. Otherwise, it remain unstable, And it is popularity would grow slowly as well as an investment in it but not mainstream fastly.

5 years is a medium term projection, but regulated by who, if government start to regulate BTC, alot of people will move into another project and the aim is defeated. BTC derives most of its price because of its anonymous property and makes it suitable for Dark market users.

For me, I want the scaling issue resolved this year so as to move into another BTC use case

bravehearth0319

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Quote from: RappelzReborn on July 04, 2015, 08:35:23 AM

I don't think that Bitcoin is going to die anytime soon personally because it's already spreading and spreading and we see a lot of companies (big ones) like Namecheap , Microsoft etc ... starting to accepting it as Payement method which is pretty good . for what comes to the price I'd say it will be around 600$ on the Next halving block reward which should me on the end of 2016 .

I agreed with you, Bitcoin for now is having a good price at this point of time. Perhaps, it happens because many companies now are little by little connecting in the concept system of bitcoin. Because they found out how the community positively respond in the edge of Bitcoin.

deisik

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Quote from: pooya87 on January 20, 2017, 12:48:12 AM

Quote from: Taki on January 19, 2017, 01:58:57 PM

Cryptocurrency will take the place of "government" or "commodity" currencies. It's inevitable, it's just the natural evolution of money in terms of the Internet. Less friction, more anonymity, ease of use, the free flow of money around the world. The advantages are too great. This will happen regardless of how much in front of her building obstacles -it's just the path of least resistance.

it is not inevitable, it is more like wishful thinking, because nothing can replace government issued fiat currency. and even if cryptocurrencies become much more popular than now, the government will start issuing their own cryptocurrency which will be again like fiat and centralized

Why would governments want that in the first place?

Digital fiats already cut it pretty well as government cryptocurrencies, so there is absolutely no need to add another such currency. That would only further damage the "main" currency (apart from the damage wrought by Bitcoin itself). Other than that, Bitcoin doesn't aim at replacing any fiat specifically (that would come as a nice bonus). Its primary aim is to become a universal means of payment across Internet. But just because Internet becomes more and more important in our lives, so does such a means of payment

pooya87

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Quote from: Taki on January 19, 2017, 01:58:57 PM

Cryptocurrency will take the place of "government" or "commodity" currencies. It's inevitable, it's just the natural evolution of money in terms of the Internet. Less friction, more anonymity, ease of use, the free flow of money around the world. The advantages are too great. This will happen regardless of how much in front of her building obstacles -it's just the path of least resistance.

it is not inevitable, it is more like wishful thinking, because nothing can replace government issued fiat currency. and even if cryptocurrencies become much more popular than now, the government will start issuing their own cryptocurrency which will be again like fiat and centralized.

dearbesz1219

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Quote from: bachlovesstories on July 04, 2015, 08:23:28 AM

What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?

I don't know what will happen in the next five years about in bitcoin because I'm not a psychic. Actually, obstacles, problems and challenges are always become a tail of it. The factor that we can give support into it is let us continue to patronize and share it to our friends who are closed to us by simply referring it to them.

Topic: Tell me your predictions about Bitcoin - page 82. (Read 234779 times)