Topic: The future of cryptocurrency. - page 2. (Read 879 times)

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)

We can’t really predict on the future of cryptocurrencies, but I can tell you that cryptocurrency is heading to a bigger step with its present situation and crypto is circulating all over the world. Most people are using crypto, and there day to day payments, even the small business owners, so therefore, if cryptocurrency continue with this for the next 20 years at least I can predict that it will take over 60% of the currency exchange around the globe But I can say this that cryptocurrency will only be used as exchange of commodity, or between our countries, and even in different individual countries, but it will never crash a Local currency, but it will be used as exchange between two countries doing some transactions.

The awareness of cryptocurrency is on the rise everyday, individuals that has not have any information about it is now getting the information through one means or the other I think the crypto industry is gaining ground in the financial settings and it is a good news on it's ways, the current bullrun is taking place when most countries currency is getting weaker by the day and most people has decided to invest their money in crypto because of this reason, just imagine this Monday in the early hours btc was hovering between 51k-52k but towards evening everything was moving so fast as if million people are pushing it, yea, that's to tell us that the market force this time is very high,  I know that Bitcoin can never put to an end to fiat, both currency we keep working together but Bitcoin will mainly continue to dominate fiat in terms of investment.

We already know that today most of the world is transacted through online currency, and the benefits are many. Currently, most places offer to trade in cryptocurrency Bitcoin and this is a lot of convenience. And if we think about the future of these currencies, then of course we think it will gain better reputation in the world, and it will be used by more people. Currently, most of the people are into cryptocurrency, and they transact and receive various payments through this currency. 20 years from now and beyond we may see more progress in the world and the world may be transacted only through digital currencies. As we now know that paper money is likely to disappear very soon, we think that in the future these virtual currencies may rule the world.

It makes perfect sense if web3 development could really touch users directly by using altcoins as a means of payment.
Maybe now it's simpler, like we buy goods without using paper money and more using electronics. either by credit or debit card and shopping card issued by each department store.

In my opinion, what I believe in cryptocurrency is that, in some couple of years from now maybe like a Decade the late investors would still address us now as those who bought at a cheaper price, so it's never too late to buy more and more  nonstop. The price of long-term project by that time would be very high so if you want to become part of that now is the time to start creating a beautiful portfolio.

There are so many things that are happening in the crypto world and we need to know what we are doing to follow up with the tend.
We can make lots of money from holding Bitcoin and some other good altcoins in the market that can give us profits in the market to keep investing. We just need to know what we are doing when it comes to investing in cryptocurrency because there future is going to be more profits for us.

Cryptocurrency future is very bright.

Cryptocurrency being an innovative work invention, has been the choice f the youths all over the world and the quicker any economy start adopting it the better for them not to be left behind. Cryptocurrency is a world class invention but I don't think it will completely erase fiat for transactions, reason being that I most persons prefer using crypto more as a tool for investment and not for buying and selling other things. Take bitcoin for example, after some couple of years when miners reward reduce to a very small amount, of course by then Bitcoin would become more expensive and scarce, due to limited supply. So definitely it would be seen more an an investment other than coin for p2p transaction.

the use of bitcoin will not be entirely accepted by the public for currency but to be an investment asset is very possible, so we only need to see the development of altcoins that will be directly in contact with the public for their needs, such as in web3 for example or other assets that can be connected to blockchain technology. I quite believe that all will not be disrupted, only certain parts can be integrated.

Maybe in the future there will still be a transition between the overall use of Bitcoin and FIAT.
So the older generation who are still stuck with using FIAT still has time to learn new payment schemes using Bitcoin or cryptocurrency.

What I want you to understand is that if you the technology of cryptocurrency especially Bitcoin and the sub Bitcoin which is altcoins is still in existence it will be more adopted by people so therefore they adoption of Bitcoin with determine the variation of Bitcoin in Next 10 years or 20 years so we cannot stand here today to predict what will happen in Next 20 years in cryptocurrency so as I said before but tomorrow massive adoption of Bitcoin will determine if the price will be more encouraging in future but right now it is obvious that tomorrow we experience New Year the more the price of Bitcoin also get increased