Topic: What does the future of bitcoin look like?? - page 32. (Read 2850 times)

Yes that is right that it is hard to say anything about bitcoin in advance but still i think bitcoin will have a very bright future because bitcoin popularity is continuously increasing.

I believe one reason bitcoin fall now may be due to the Christmas vacation and en cashed and spent . And another point is since transaction  fees are higher  and mining also not so easy ,people looking on the alt coin options. but i hope if bitcoin price  falls people may return back to the investment on bitcoins,so bitcoin will gain again ,so predictions is bitcoin will not be down.

It doesn't necessarily imply that, but I see your point.

Excellent theory on the Ethereum. As for the hardforks, I don't tend to group them collectively when discussing market cap, but fine I guess.

Facts led me to my conclusion.. It has become uneconomical for the average person to profit from mining. Any newcomer to digital currency would have a very, very hard time making a profit, and would look elsewhere.

Considering I thought you were spot on with your theory on which coin will become the most dominant one, I'm gobsmacked that you would consider all of them equally shitty. Dash for example is clearly miles ahead of bitcoin in terms of user-friendly interface and is bound to have a greater appeal for everyday use.
Also, both Dash and Ethereum have basically instant transaction speeds, while you can wait a whole day for a bitcoin transfer.

Good point though, I really get your trying to say. But when it comes to investments like bitcoin we can never really say about it. Bitcoin up til now just like other altcoins has still a lot of potential. Bitcoin after a few years would either continue to grow or lose its value because of some other altcoin. The development of digital currency is still early, and since bitcoin is the pioneer of cryptocurrencies, some other alt who want to get in will pattern their's to bitcoin. But still, everything still relies on what will happen to the market in the near future.

Market Cap can change. But yes it's very hard to predict or explain.

Bitcoin's future is likely to grow and be legalized everywhere in the world and we can trade anything with Bitcoin, which is great because Bitcoin is an anonymous market and no one can control

This would imply that privacy focused coins have significantly gained in market cap, which is not the case. Closest being Monero on 11th place, which, if I remember correctly, used to have a larger pie of the market cap in early 2017.

At the time of writing about 8% of market cap are being accounted for by Bitcoin hardforks. Ignoring those, BTC is not worse off than in June 2017. What actually seems to be happening is that more alts that were previously widely ignored are gaining traction. This seems to be mostly at the cost of ETH, which is down to 13% from its peak of 31%. In other words, while people previously focused their alt coin portfolio on ETH, they seem to invest more diversified right now.



Fair enough.



What leads you to this conclusion? Bitcoin mining seems to be business as usual. Actually it seems to be more profitable than ever, given the recent growth in price and the option to mine BCH instead of BTC.



In the long run I expect the coin that scales best in terms of transaction throughput, without having to rely on centralized entities, to be the most dominant one. In their current states all coins seem to be equally shitty in this regard. All things being equally shitty, BTC remains on top.

It certainly does look crucial in the early development phase of the digital currency revolution.

Bitcoin future is hard to explain. There are still some homework to be done ny bitcoin developer if they want bitcoin become better in future.
Regarding surpass by other altcoin, i think the possibility is very small since no others can reach the marketcap as high as bitcoin.

It could happen that bitcoin may be eaten by its rival. The bitcoin dominance has fallen by all dow to 38% in todays date. The crypto currencies are heading towards new revolution. Other coins are faster in transaction and lower in fees a total advantage over the bitcoin and thus the use of them might just increase a lot. The coins are well thought projects since long time, just the way bitcoin gotten its investors in long term these projects will get it too. Thus the dominance of the bitcoin will go even down and it may vanish one day. This will leave our bitcoin almost naked in very short period of time. So you see with this aftermath I'm definitely sure that many wrong things could happen.

But I'm sure about one thing, we can not predict it so fast. The new year has just started and there are many more thing yet to come and surprise us.

the future of bitcoin can see more excited and joyful once it reach to 20k$ then it will take totally command over the media for which the demands will be increase and also most important the investment will furthermore rise

In the process of the rapid development of virtual currency, the role of bitcoin is huge. In the future, bitcoin may withdraw from the circulation of digital money at a high price. The market share and function of bitcoin will be undertaken by thousands of altcoin.

Yeah I agree as to why the rapid decline before Christmas, and I also agree that the immediate future looks okay. There is way too much hype surrounding it and we are still at a point where a large portion of new investors have never even heard of Ethereum. It's all about Bitcoin in the press at the moment. So while the demand is still there it should be fine and probably rise like you say..

Bitcoin may be down for some time, but for cross-border payments not through third parties, only the crypto can do it and the lowest cost is the fastest, sometimes the crime is good in this case. and help all the world change.

You made a valid point. In my opinion i want to say that the major reasons bitcoin has been on the fall in price value are because two reasons.
1) Because of high cost of transaction fee. So new investors are discouraged to invest in bitcoin, instead they invest in Aitcoin like ETH,etc.
2) The christmas and new year holiday forced for bitcoin holders to sell their bitcoins for fiat. This is to enable them shop for the holidays. With this, the price would come up a little by the middle of January. My opinion though.

So Bitcoin's market dominance in the cryptocurrency world is currently at the lowest level ever with 36.1% of the total value.

In my opinion, it's because the interest in alternative coins is rising rapidly for one, but you also have to consider how much of the bitcoin world is criminal. Seriously, for the first 5-8 years, the digital currency was mainly used as a means for criminals to launder money and sell illegal goods on the dark market. Think of all the massive hacks in the early days also, and all those darknet markets that disappeared with huge amounts of bitcoin.

Literally millions and millions of the 16 million coins out there would be owned by criminals. And now with bitcoin becoming more centralized and less anonymous, they are swiftly exiting the market and looking for alternative dark coins.

I also personally avoid using bitcoin all-together because of the extremely slow transaction speeds and high cost's associated with it.

The bitcoin mining business is dust, so that interest will die quickly.

I just don't see a very bright future for the god of cryptocurrency and it will surely be surpassed by one of its rivals soon enough.

I'm torn between predicting it to be Dash, or Ethereum, and I recon it could be about 2 years before that happens.   

Would love to know peoples thoughts on the future of bitcoin.

Where will bitcoin be in

2 weeks?
2 months?
2 years?

Will it be surpassed by another coin? If so, which one and when?