Topic: What are your views on Bitcoins future - page 2. (Read 3470 times)

It will live on as stronger than today.

There are faster and more anonymous alternavites popped up at past and non of them were be able to kill bitcoin. On the contrary, they made bitcoin more powerful as they advertised crypto in general while they were advertising their own brand. While most of them lost their volume in time, bitcoin still stays strong.

Bitcoin definitely holds the power to replace Paypal in near future, the only thing it needs is the promotion at higher level, and once it is done, then Bitcoin can create a history.

i believe that bitcoin has a lot of potential in becoming a very popular currency instead of just remaining as an investment. and because of that i think in the future there will be a lot more places to spend bitcoin, so much that bitcoin will replace any form of online payments like paypal.

I think that the future is going to be good for Bitcoin even tho it is not sure. I believe that it will be good but nothing is guaranteed so maybe Bitcoin will disappear in the future. 

I had a good laugh reading this, especially the irony in relation to your forum handle xD

I think the bitcoin will be currency of choice for most people in the world in the future. It will take decades though.

It will take years for bitcoin to replace all currency, you gota count all the countries all over the world. I think Bitcoin will stay the way it is for now, hopefully it will continue to grow in value but it will a long time before bitcoin will be populair all over the world

If bitcoin becomes the gold standard for internet payment then we still need good escrow services.

Bitcoin will be a success in future. I am confident of this. High probability.

Only two things worry me

How successful will it become?
How long will it take?

i realize, when one constantly follows bitcoin development, it feels like a timelapse when you get back into the real world and realize only a handful of people are aware of bitcoin's massive potential.

Long term bull

I've got no doubt it will succeed, the only questions is when will some big companies dare and step in.

From there financial institutions will run and over invest in bitcoin, just to don't miss the boat.

The short answer is no. Bitcoin will be one of the most important currencies, perhaps together with a couple of other digital currencies (ETH, NXT, BTS, XMR and a few others are all good candidates), and fiat going to stay for a very very long time (maybe the issuer will change time to time).

We have same insights with bitcoin on the future, which is bitcoin being a major payment method in the internet and replacing paypal. But for me, not only on the internet but also in the real world. Imagine buying groceries with bitcoin as a payment, that will be great

I believe in positive views on Bitcoins on future. I really hope it will become a more used "currency".

It will take years for bitcoin to replace all currency, you gota count all the countries all over the world

I think Bitcoin will stay the way it is for now, hopefully it will continue to grow in value

but it will a long time before bitcoin will be populair all over the world

Main payment method in the internet for the next years, replacing paypal and others. Dont think it will become a official currency for any country or replace FIAT money.

If IT skills will be required to use bitcoin effectively that means we as bitcoin community already failed. Current bitcoin is similar to PC market in the 80. when only tech geeks used them.
We must change that approach.

I think you're right. In my opinion that's a shame but to be realistic that's what I see as well. The worldwide reach seems so established now but man that's the best part! To be able to move funds so easily and so quickly it's just mind-blowing to me.

It will not be used by everyone, mostly welcomed by a specific group of people with enough IT skill, or even machines. Will play a big role in international trading due to its worldwide reach instantly

BTC will be a reserve currency widely used by large bitcoin holders, which will happen to be big market movers/institutions/companies/ maybe even governments. It will never really be used for point of sale transfers on a massive scale, particularly not for everyday articles. Why? It's insane to spend a currency that is gaining value by the year. And too complicated or risky, even with QR codes and mobile phones. You wouldn't use gold coins to do your grocery shopping, and gold isn't even deflationary as Bitcoin is by design. Nevertheless, BTC will be a great form of hedging against fiat and a great solution for retirement savings, unless you are impatient or sell at a local low. You will still be able to buy anything with BTC, but it will likely be a yacht or a house because of its future value. Can't afford it, you say? So, you likely won't be using Bitcoin then! Perhaps you will use an altcoin, but which one is a tough question.

How likely will you use bitcoin regularly in the future? A bit, if you happen to be holder of a considerable amount, say 10 Bitcoins. I have hardly ever bought anything for it, and I'm lucky I didn't because prices went from a few cents to hundreds of Dollars. And this isn't even the future! Deflation will not change suddenly if BTC is worth 10x as much or even 100x as much.

Bitcoin has a near perfect economical model which turns labor into value as money should be valued.
Too bad the world we live in is not perfect and will never work as perfect as we would want it to work.
Bitcoin is as perfect as cash or as gold. Both gold and cash have drawbacks too mostly that people can steal them from you.

I do think Bitcoin has a future but not as a sole currency but more as cash or gold.

One of the major reasons why bitcoin will never become the sole store of value are the following situations....
- Getting a mortgage: Go to a bank? NO banks do not exist in a perfect bitcoin world.
- Benefits for disabled: Go to the government? Where do they get their bitcoins from?!? Tax ?!? How do you tax a potentially invisible currency?

For Bitcoin to make it as a sole currency the world and our cultures must change quite considerably first. I don't see that happening in our lives...

I believe that relying solely on Bitcoin would currently require anarchy which looks great on paper but doesn't work.

Bitcoin can do a lot for us now but it will never be the only currency.