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Topic: what do you think will be the future of this market? - page 16. (Read 3027 times)

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what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?
Crypto market will continue to improve in the future, if there are many countries that legalize bitcoin then a small country will start to follow it, just look at it later I'm sure crypto will be recognized in many countries. do not be in a hurry for this kind of thing, let it run by itself and will definitely get the attention of the government later.
full member
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The future of bitcoin is dependent on us, legalizing bitcoin means nothing to the government. Bitcoin is made for the people, we see bitcoin as a source of a great money and this is helping us. And if bitcoin will be taken over by the government, everything can be limited, there will be laws and consequences for every wrong move, every transaction will be recorded. Bitcoin will lose its present reputation.
sr. member
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The future of crypto currency is really great and looking at the exponential growth that it is experiencing I'm pretty sure it's value would be worth investing for us and for the government itself. The government will engage operations to legalise it in the way so that they won't hurt the principle of bitcoin that is "decentralised working" but still they will incur taxes on it and let people use it the way they want and as much as they would want.


The crypto currency as seen taking the giant leaps for fund raising through ethereum blockchain which is another advancement in the crypto world.

full member
Activity: 1316
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The future of the market? I think the market is going to be independent of itself and thats the way it is going to be for a long time. It can only change to something I can't predict for now when any government tries to make a policy against it like we are just witnessing in China but, I don't see it overriding paper money. They can only trade side by side.
I know that time will come the government will make a move toward bitcoin, probably they imposed rule and regulations. And it may happens, bitcoin could have a possibilities that the government will take controlled on it and they force as to state our real identity.
hero member
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The market that we have right now needs a lot of improvement on its system and other factors like having a great and stable demand for the market so the price will not become so volatile and it will attract attention from different people in the world who want to try something that can change their life and lifestyle.
hero member
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what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?

I think over time cryptocurrencies will gradually begin to catch on as an investment first, then a way to send money around the world and to store funds, and finally as a form of payment.

I think governments around the world will learn to accept Bitcoin and some other cryptocurrencies because they can't stop technological progress. They will learn to adapt to it eventually.
hero member
Activity: 644
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what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?
Governments can’t do any bad to crypto market. People are awfully impressed by these latest digital currencies and they love to deal in bitcoins and rest of the famous coins. I don’t think so public will let governments ban these currencies forever. After few years, when maximum people will be suing digital currencies, governments will be forced to make them legal.
hero member
Activity: 910
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what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?

Consider the advantages of bitcoin which will always attract more adopters to invest in bitcoin, more merchants, business and companies accept bitcoin as payment method, I'm pretty sure bitcoin will continue to grow over $9,000 in 2018. Depends on your perspective about the future, is it 5 years or 10 years later? Bitcoin may reach $30K or $50K if you still alive until those days.
sr. member
Activity: 406
Merit: 250
what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?

The future of the crypto currency market is not certain worldwide. It depends on a lot of people who are closely associated with the market and also on the government's policy. The legal status of bitcoin is still not certain in majority of the countries. That's why bitcoin is creating a parallel economy instead of becoming a main stream currency.

However, it is really hard for the government to accept bitcoin as a mainstream currency because it is structurally not fit to become a main stream currency. The main road block is that bitcoin is not generated by the government, neither it is controlled by them. Government will never want to accept anything which is not generated by them, specially money. Hence, the chance of becoming a main stream currency for bitcoin is really gloomy at this moment.
sr. member
Activity: 364
Merit: 250
I think that bitcoin will become famous and it will be used in many places. The government, on the other hand, does not like bitcoin at all but they will have to accept it as a form of payment since there are too many people using bitcoin and the cryptocurrency. As you can see, bitcoin is decentralized. If you ban it, people can still use it without being traced by the government
legendary
Activity: 3122
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I was worried, but there were rumors that this was politics. The government should protect freedom and bitcoin is financial freedom.
The government should not be afraid of losing income, because everyone left the bank. This is not fair.

Then why think on the first place that government will lose income? Or they really cared about that as main concern?

And never it will happened that everyone will left bank. That is impossible to happen since we are not talking about just money here in terms of comparing bitcoin and banking industry. There are such things today that needs banks services which even bitcoin will be bloom, I doubt bitcoin exchanges will do or will have the same services.
hero member
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The future of the market? I think the market is going to be independent of itself and thats the way it is going to be for a long time. It can only change to something I can't predict for now when any government tries to make a policy against it like we are just witnessing in China but, I don't see it overriding paper money. They can only trade side by side.
legendary
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Some governments are already recognizing bitcoin and cryptocurrency in general. I think the market will be very big in the future. Governments will be forced to accept it and maybe place laws that will make cryptocurrency legal.
Not only some, but I'd say most of the modern world does. For instance there are laws concerning it all throughout Europe. In each of the EU countries you can go to the Police and say your BTC was stolen and they'll know what you're talking about and do the paperwork. You can also get charged for avoiding taxes from bitcoin sales, report profits from those sales, register a crypto company, like an exchange, and so on.
hero member
Activity: 1694
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The future for cryptocurrency is bright, the goverments will start to recognize it someday, it is just a matter of time Smiley

My opinion is same about future of bitcoin, some governments already legalized bitcoin and in future there can be just more country that will follow. Bitcoin is growing market, each year its bigger as more people are joining, and why people are joining, cause we already said many times bitcoin is just far more better then fiat currencies. Technology is now on high level and many young people are choosing technology over tradition, and in future that trend will continue. It is just a matter of time as you said it, for who knows how many years new generations will be much more bitcoin and technology oriented then ever, when that happen we can expect all governments in the world to accept bitcoin, maybe not all some will stay in past, there is always such cases.
sr. member
Activity: 602
Merit: 259
what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?

In governments perspective there is no future of bitcoin or virtual currency market because they simply mean nothing to government. It's not very big thing for government because it is itself a big organised authority which has more real responsibility than looking after the assets like bitcoin. The bitcoin is really a limited thing, and if you distribute one bit of it every person on the earth then also it's not sufficient to al of them so there is no real business with it because it doesn't really fit the criteria of fiat reality. Just think on it. Just think if you are government and you have to put bitcoin as currency to be used in economy of reality would it be enough to tackle the demanding supply that we are currently facing. I think no. Not at all.
hero member
Activity: 1148
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Some governments are already recognizing bitcoin and cryptocurrency in general. I think the market will be very big in the future. Governments will be forced to accept it and maybe place laws that will make cryptocurrency legal.
sr. member
Activity: 672
Merit: 273
WE do not need recognition from the government at all. We can make this community bigger and bigger everyday by ourselves without depending on the government. BItcoin and the cryptocurrency are based on the decentralized system and therefore, we can not expect the government to accept it as a tradition currency
legendary
Activity: 3542
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Volatility would still be there, and many governments would soon regulate bitcoin on the positive side as soon as they get how it works. What we lack right now is true adoption and not just big overnight gains. Price surges is very probable with a large unique user base. If we are having enormous gains with just a few who actually buys, what more if we add up more people into the statistics, right? The future is bright for bitcoin.
full member
Activity: 924
Merit: 148
The more I think about it the more unconfidant I am. Generaly everything seems to be fine for me exapt the huge ICO bubble. Sooner or later people will stop mindlessly buying all tokens and that may affect the BTC price (and total market cap of all cryptocurrencies) thru decreasing of ETH demand. That would be harmfull but hopefully not fatal.
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