Topic: The future of cryptocurrency. - page 2. (Read 1019 times)

Yes, I totally agree with you. Many rich people who used to say that Bitcoin was a scam have started to adopt Bitcoin in recent years, such as Blackrock ETFs and other big companies. Because of this, many people want to start or learn what cryptocurrency is and start investing in crypto from this. We know that there is a lot of positive sentiment about cryptocurrency now

I agree that there will be plenty of improvements on blockchain and bitcoin world. I think as long as we can make it both something very secure just like right now, but also something that is instant or at least near instant, like less than a minute as you said, and something that takes like just 10-20 cents per transaction, then there is no way that it can't be bigger than 500k and go above gold marketcap.

Even at this point the way it is right now, it could pass it eventually, but if that happens then things will change. ETF world will change it as well, because it's going to bring tens of billions of dollars into bitcoin market as well. So combine these two and the future looks quite bright for bitcoin without a doubt.

Just like most investors thought, cryptocurrencies will be our next money and there will be no stopping it considering its security and preventive measures against 3rd party platforms to control our money. Crypto is the future and that's the easy way to explain it and we are considered lucky enough to witness these things at their early stage where we can take advantage of it and invest as much as we can as long as we can afford to lose it. Of course, that's just one way to explain it and that's how I speculated even nowadays, you can see that crypto is gaining popularity and trust from the people.

but I have confidence that in terms of transactions crypto will never be able to beat fiat. Even when compared with fiat circulating throughout the world, the current value of crypto is still far below. As you said, crypto can only be used as a payment option which is not in accordance with regulations because crypto functions as an investment, not a means of payment. therefore I am sure that in terms of transactions crypto will not be able to beat fiat.

Bitcoin does not really need to replace fiat, as long as we can use it to transfer value from one side of the world to the other in a matter of minutes, bitcoin will have accomplished what Satoshi envisioned, this idea that bitcoin will replace fiat came not from Satoshi himself but from other people that are overenthusiastic about bitcoin, not that there is anything wrong with that, but they are expecting too much out of bitcoin and seem to believe that governments are way weaker than what they really are.

Until today, the adoption of Bitcoin has been widely carried out. In the future, we never know what will happen to cryptocurrencies.
we can only enjoy the ongoing processes in the digital world of crypto, now the era of modern technology is no longer the same as before when people were still unfamiliar with the internet. In the future, it seems that cryptocurrency will not be able to replace fiat in exchange.

Yes, I think it's still promising, definitely promising. Because cryptocurrency has developed widely over time and continues to be popular, apart from that, in my opinion, currently its use can be said to be like the use of currency in general and is also a promising investment that can change someone in financial terms. If they do it well and correctly by having knowledge and understanding as well as research and other things related to investment.
And the only problem that has occurred so far is that some countries have rules and regulations for their users, as well as restrictions on the use of cryptocurrencies. And it is possible that in the future many countries will accept crypto without competing with fiat because the two will go hand in hand and complement each other.

You're absolutely right cryptocurrency future is very bright considering the total numbers of people that cryptocurrency has gained in the industry and it has really change the life of some people,it also create investment opportunities and that is how people keep profiting from every investment they make,let me use bitcoin as example there are some person who invested heavily on bitcoin when it has no value and they where patent enough to reserve it till this time considering the current value of bitcoin, I think this set of people are billionaires by now.

Personally believe that while we can't foresee the future, the growing awareness among business professionals about the benefits of blockchain networks will lead to increased adoption over time. Although governments may restrict crypto transactions, as long as they don't replace traditional currencies entirely, it shouldn't pose a major concern. Additionally, the introduction of taxes on crypto transactions and assets in various countries indicates a shifting regulatory landscape that we should adapt to.

What a precise one-liner, lol .

There is no doubt that the future of cryptocurrencies is bright, we can see how much popularity the cryptocurrency industry has gained thus far, and the popularity keeps increasing over time because cryptocurrencies provide a great investment opportunity to the masses and people are always eager to earn money, if they get a chance to earn money while relaxing and by just buying and selling assets, they would be more than happy.

This is the reason why cryptocurrencies are so popular and they tend to become more popular in the future. So, you are right that the future of cryptocurrencies is bright.

There is a direct relationship here: fewer usage opportunities = fewer transactions. It is difficult for an ordinary person to use something (crypto) that at the end of the transaction (even if it is a few seconds or a minute) may already cost more or less than the original cost of the product. After all, when we pay for something, consciously or subconsciously, the cost of the goods is converted by us into USD. And 1$ is always 1$.

I feel like it is also about improvements on it as well. Imagine banking system being something similar to what it was back in the day, in this world, do you think people would use it? Like you write a paper to a bank, deposit your money, get a signature, then you take that money, go to a shop, you give that money, the shop owner calls up the bank, gets approval, writes something, you both sign it, then the shop owner goes to bank, shows the paper, and gets their money if they want to.

All these takes a huge time, and right now we just use a credit card or wire transfer and we are done, takes less than a minute. This is why I honestly believe that the innovations on blockchain that will improve bitcoin could make it spread even further, just like how it happened to banks.

yes that is the reality now and for the future we still don't know what will happen to crypto. Even though there are still many countries that have not provided full regulation on crypto, crypto can still be accepted as an investment currency and this is good enough. fiat is still at the top and is still the main transaction, crypto is only an additional transaction that can be chosen or not according to regulations or each person's wishes.

The future of cryptocurrency is very bright, when it comes to financial sector and is a global digital assets that acceptable as one amount price at any given time of trading, investment and rewards payment system as the case may be. Therefore, the future of cryptocurrency is beyond what human expected from the outcome of price increase.

I don't think cryptocurrency transactions will be able to beat fiat transactions. Cryptocurrencies are not legal tender and cannot be used for buying and selling transactions in the real world. Most people or even all people currently use fiat for transactions, and this causes cryptocurrency transactions to be very far below fiat.

Yes you are right but if you compare it with banking also today it is not fully comprehensive throughout all corners, only from some of those who want to, and that is the synonym of logic. On the other hand also some transactions today do not fully use FIAT or banking products, there are still some people who make transactions with gold and silver for example but only a small part, so with crypto, it will only disrupt the part of society that has access (internet) and knows how to use it. and every generation era also happens like that.

However, I cannot deny the great potential in adoption, I like crypto, bitcoin and I know how to use it to make transactions, but for now most people still need a third party to trust, and yes it goes back to their respective mindsets.

You're right to some extent but the public if not willingly then unwillingly , due to increase in transactions and development of the crypto world will be bound to accept it.The banking system when introduced was not accepted by the public on a large scale then Ultimately due to wide spread and quick development it became apparent.I think the same is the case with Bitcoin and other crypto currencies they have to be accepted due to increased interest and demand.

crypto market is revolutionising very fast and they are being used on a large scale in freelance sector for transactions.Itll increase more when the awareness will increase small venders and business owners will definately use it.

I've been in crypto for 10 years and so far all the adoption i have seen is people buying and selling because the are speculating about the price and the potential of the tech. I am really not sure what people mean by adoption anymore, as most of the adopted tech is build for trading crypto assets. Only thing that has changed radically, is the regulations that have caught on, and pure pseudonymity is gone, probably for good. Scams are more frequent and money flow has grown exponentially. 10 years ago, no one of us thought this level in crypto total marketcap would be seriously possible, except for moonbois and crazy people that no one took seriously.

In 20 years, if major governments won't fall, there will probably be some sort of fusion of regulations and cryptos. But the main conundrum in crypto game theory, is that when it's regulated enough, it might make it too centralized, like it has already is on many levels. We are already highly dependant on centralized institutions, which have brought us more value, but what would also drop the value if those left.

And if we end up being too centralized, what's the point of cryptocurrencies anymore?

And those major governments would fall, depending how they fall, there's a big change it would take any value from cryptos with them. I am certain that this is not a popular way to think, especially in the verge of new ath, and i wouldn't stop buying because something might happen in 20 years.

The general adoption will increase without a doubt but only a few crypto will dominate the whole industry, so it means it won't be much different than how it is today. I said the general adoption will increase but it will never beat FIAT imo. It is because decentralized networks aren't as efficient and fast as centralized networks. If that was possible, btc would have beaten mastercard/visa but it didn't. That means we still need centralized projects because they can scale infinitely unlike blockchain. BTC's marketcap will probably beat Gold's mc. That's a more realistic expectation.

Yeah seeing what is the situation now and how it moves? indeed that there is truly a bright 
future for Crypto specially bitcoin.
that is already prediction mate , we cannot just completely or specifically mention how much if
can grow but there is truly a great future ahead this crypto market(of course aside from scam project)