What is the future of Bitcoin? | Bitcointalksearch.org

Asuspawer09

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Quote from: israt1@ on September 26, 2023, 01:42:06 AM

All the countries are going through a hard time by the fall of covid-19. Also, a big token like bitcoin is tumbling in the market at a low position. It started to rise a little from the bottom for several days. It also stopped again. What do the researchers think in such a situation? Let's hope for the opinion. .

I mean theoretically if we are going to base on the structure of Bitcoin and its nature for sure the market price of Bitcoin is surely going to increase overtime due to its limited supply of 21 Million Bitcoins, meaning there are only 21 million bitcoin that could only exist, just judging on the Bitcoin adaptation all over the globe it really significantly increase its adaptation and for sure the number of users these days just increase a huge amount of percentage that's for sure, so if the demand is going to increase and the supply is low as well that could easily mean the market price of Bitcoin is going to increase and project its market value up.

That is how it is overtime, but even though that is what is supposed to happen we are still not sure if it is going to happen that is why it is still a risky investment taking a commitment to investing in cryptocurrency because it is still possible that the market price is going to drop a huge percentage because of its volatility. There was surely no basis on its market price it is still pure speculation that the market price is going to skyrocket in the future, it is possible that Bitcoin would not even exist in the future.

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Covid-19 is over and gone and now is the time to get back on your feet to organize a life in disarray due to the pandemic. Perhaps the current conditions have something to do with the recovery period in various countries due to the impact of the Covid-19 pandemic. People from these countries are trying to start a new life by looking for a new job or returning to their old jobs.

It's best if you don't need to worry too much about current market conditions because even though the market now looks sideways, Bitcoin can still survive. The future of Bitcoin still looks good because of the possibility of more adoption from people who see the potential that Bitcoin can bring them.

And in the current situation, people are taking advantage of this by buying Bitcoin because the price is still low. Moreover, there will be a halving next year, which is expected to help Bitcoin prices increase. But even so, no one knows about Bitcoin's future and everything is still a mystery.

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Quote from: israt1@ on September 26, 2023, 01:42:06 AM

All the countries are going through a hard time by the fall of covid-19.

It's been 3 years since the pandemic started, and right now, we are returning back to normal already... or I think some called it the "new normal". Anyway, countries are recovering already though I might agree that the effect of the pandemic can still be felt thru increasing prices of goods, increased interest rates etc.

Quote from: israt1@ on September 26, 2023, 01:42:06 AM

Also, a big token like bitcoin is tumbling in the market at a low position.

I can call Bitcoin as a currency, and at the same time as an asset, but I will never call it as a token.

Quote from: israt1@ on September 26, 2023, 01:42:06 AM

It started to rise a little from the bottom for several days. It also stopped again. What do the researchers think in such a situation? Let's hope for the opinion. .

What do researchers think? The question is, are they thinking?
I mean I don't know what do you mean when you're asking what the researchers are thinking with what's currently happening with Bitcoin.

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Re: What is the future of Bitcoin?

Future of Bitcoin?
Bright as the brightest star in the whole observable universe I guess? I might be wrong though, and it's brightness might turn out to be darkness... as dark as the biggest black hole in the universe. Kidding aside, I'm not a maximalist, but I believe that Bitcoin will be more popular as years pass by. At the same time, more and more establishments will try and accept Bitcoin.

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Bitcoin's future bright blockchain technology is all about cryptocurrency in the transaction process. So it goes without saying that the future of bitcoin is very promising although bitcoin is not yet recognized as a currency in many countries it is rapidly gaining popularity worldwide. Central banks of various countries have taken the initiative to formulate policies for the use of bitcoin. In the next few years the place of online transactions will be completely occupied by various cryptocurrencies or digital currencies. Bitcoin is more volatile than gold as an investment medium because there is no central authority, the amount of investment in bitcoin is increasing and other currencies depend on the price of bitcoin.

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Quote from: aoluain on September 26, 2023, 07:26:59 AM

COVID-19 is not a big factor anymore, in my country there are no restrictions in place
because of it, with the current strain the effects are similar to that of influenza so its not
affecting any markets including Bitcoin.

As regards the Bitcoin markets, September has rarely been a good month, it has primarily
been a "Red" month rather than "Green". Contrary to some peoples belief the Bitcoin markets
cannot and wont continue to rise, it just doesnt happen, there will always be massive rises
followed by corrections.

Its much better to have a long term outlook!

I agree with you. Even in the country I live in, the effects of COVID-19 are barely being disucussed anymore and it is felt and seen how everyone is already moving forward, including the national market. Hence, it is safe to state that what occured during the COVID-19 pandemic has long been acknowledged for it to have much effect on the market as well as Bitcoin. Additionally, it is true that September has not been a good month for Bitcoin market but that doesn't mean that it will continue to be like that, as we all know Bitcoin is volative and goes through periods like this, soon enough there is going to be a rise followed by corrections and then cycle with continue.

The effects of COVID-19 is the least of our worries as per what is happening to the market, there are certainly other factors to watch out for.

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Quote from: Wind_FURY on September 26, 2023, 08:55:14 AM

The "New Recession", which hasn't truly started, isn't because of the war. It's because of the tightening and rate hikes that the Central Banks currently need to do because of their BRRR-Money-Printing and government borrowing during COVID.

These things are not a simple and single cause and effect thing. They are more complicated than being summarized in one sentence.
The war is one piece of the chain that leads to the ongoing recession. For example rates hiked because energy prices keep rising and there is an energy shortage and at the same time there is all this printed money. The energy crisis is caused by the war while the money printing is partly the COVID result and partly bad policies. The combination of these two will cause very high inflation if they let the interest rates loose... so they choose lesser of two evils and increase interest rates at the cost of causing recession.

Even when it comes to bitcoin, the effects are not as simple as "we have recession so bitcoin falls". For example part of the reason is because the "debt" market where US sells its debt and pays "high interest" to those bag holding it, is currently sucking the money out of all markets including bitcoin's.

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The future of Bitcoin is very bright, the love I have for Bitcoin can never be compared to any, Bitcoin is an independent coin that all other coins depend on to survive that is why I always use the terms like, in the time of myths and growths the potential future of every other coins depend on the growth of Bitcoin, I could remember many years ago when most people use to ask this question about the future of Bitcoin and here we are with a massive growth on Bitcoin considering how low the price was then and now you can see the improvement of Bitcoin so without being told Bitcoin will go very far is just a matter of time but perhaps who knows what will happen after next year halving.

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Quote from: pooya87 on September 26, 2023, 02:14:25 AM

Quote from: israt1@ on September 26, 2023, 01:42:06 AM

All the countries are going through a hard time by the fall of covid-19.

The COVID recession is over, the new recession due to the NATO-Russian war is the one that's affecting the economy and bitcoin price.

The "COVID Recession" never truly started in most regions around the world because they pumped their economies with cash through BRRR-Money-Printing and/or government spending during lock down.

The "New Recession", which hasn't truly started, isn't because of the war. It's because of the tightening and rate hikes that the Central Banks currently need to do because of their BRRR-Money-Printing and government borrowing during COVID.

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Quote from: israt1@ on September 26, 2023, 01:42:06 AM

All the countries are going through a hard time by the fall of covid-19. Also, a big token like bitcoin is tumbling in the market at a low position. It started to rise a little from the bottom for several days. It also stopped again. What do the researchers think in such a situation? Let's hope for the opinion. .

You know Satoshi said when he started Bitcoin that in the future either it would be zero or very high and we saw that last time Bitcoin was very high and till now we can't see that its value is zero its true that its value was decreased but after that, its price again going up and now at today its price is $26126.84 I think and due to volatility its price is fluctuating and sometimes it high and sometimes it low. So the future of bitcoin is clear now and there is an increase in bitcoin popularity day by day and is widely adopted.

Investing in bitcoin is good but if you want any profits now then it is difficult and you may wait for the 2024 halving after which the bitcoin price will be increased and it will give you a high return.

COVID-19 affected the Bitcoin price at that time but COVID-19 is gone and the markets are stabilized now, the today headache that disturbed the Bitcoin price is the Russian-Ukraine war which created hurdens. Also, there is a mistake in your text bitcoin is not a token it is a currency so please check it and then correct it.

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Quote from: israt1@ on September 26, 2023, 01:42:06 AM

All the countries are going through a hard time by the fall of covid-19. Also, a big token like bitcoin is tumbling in the market at a low position. It started to rise a little from the bottom for several days. It also stopped again. What do the researchers think in such a situation? Let's hope for the opinion. .

Apart from the pandemic and the ongoing war, things have been the same as ever, same governments taxing its working class to bleed every drop and policies to make life hell for them. But that does not bother bitcoin much, because it is futile to attempt to explain bitcoin's movement's with respect to the ongoing economics. Sure the good things might it upward and the bad things the opposite, but its no direct corelation/causation. More like an anecdote.

Hence just treat the price as just numbers. Dont get the reason into your head but keep up with the news too. You just need an entry point at low price and a high point to sell.

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The future of Bitcoin is simply means of solving a financial challenges in the countries and Bitcoin has a fast network as a means of payment and more reliable, secure and transparent for every giving point is recorded and Bitcoin is digital assets one have to hold for future financial freedom service.

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Regarding the future of Bitcoin, time will tell. Until the next halving, BTC would likely be quiet and stay within the current range as of this time of writing.

When some news broke out like Bitcoin Spot ETFs or something that is bullish for us, the skyrocketing of the price would just be temporary only to gradually pull back and correct back to where it was.

No matter, I am still holding my BTCs until today.

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Quote from: israt1@ on September 26, 2023, 01:42:06 AM

All the countries are going through a hard time by the fall of covid-19.

This disaster has ended and I think almost many countries have now emerged from the difficulties caused by Covid-19. Although the economy has not recovered completely due to the post-recovery impact of Covid-19 until now.

Quote from: israt1@ on September 26, 2023, 01:42:06 AM

Also, a big token like bitcoin is tumbling in the market at a low position. It started to rise a little from the bottom for several days. It also stopped again. What do the researchers think in such a situation? Let's hope for the opinion. .

If you have known bitcoin for a long time, this is the most striking comparison that makes bitcoin the right choice because when Covid-19 hit, bitcoin gained ATH momentum, this shows the strength of bitcoin as the best investment ever. There is no special research regarding bitcoin and I think all you need to do is take advantage of purchasing when you are able to do so because bitcoin is the best investment source that exists today.

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Quote from: israt1@ on September 26, 2023, 01:42:06 AM

All the countries are going through a hard time by the fall of covid-19. Also, a big token like bitcoin is tumbling in the market at a low position. It started to rise a little from the bottom for several days. It also stopped again. What do the researchers think in such a situation? Let's hope for the opinion. .

I noticed that when watching different experts you can often hear opposing opinions. These people have vast experience, both explain their opinions competently, but their opinions are completely different. I say this because it is very difficult to accurately predict whether Bitcoin will rise or fall and when this will happen. Now everyone is basically saying that it will grow in the next year or two. But this does not mean that they are right. Nobody knows for sure. Not a very simple question

aoluain

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COVID-19 is not a big factor anymore, in my country there are no restrictions in place
because of it, with the current strain the effects are similar to that of influenza so its not
affecting any markets including Bitcoin.

As regards the Bitcoin markets, September has rarely been a good month, it has primarily
been a "Red" month rather than "Green". Contrary to some peoples belief the Bitcoin markets
cannot and wont continue to rise, it just doesnt happen, there will always be massive rises
followed by corrections.

Its much better to have a long term outlook!

naira

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Quote from: israt1@ on September 26, 2023, 01:42:06 AM

All the countries are going through a hard time by the fall of covid-19. Also, a big token like bitcoin is tumbling in the market at a low position. It started to rise a little from the bottom for several days. It also stopped again. What do the researchers think in such a situation? Let's hope for the opinion. .

If you still think Bitcoin is a token, then you don't understand it correctly. Economic problems in each country are now starting to recover and improve gradually. So all recovery requires a long process but there is a heavy price to pay with mounting debt. Economic growth is increasing for those who are able to survive in the era of the Covid onslaught, but some of us are hobbled by the increasingly difficult real job sector due to robot aggression initiated by those in power. Powerful when able to get through difficult times during Covid and after. Because they invest in the hospital business.

I am not an expert giving an opinion, but as a society trying to understand how difficult it is to survive if we do not move to improve our skills and utilize the resources around us in order to continue to survive. t The real economic situation is not far from our homes, while global affairs will always be fine because it controls all profits in the midst of a crisis.

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Quote from: israt1@ on September 26, 2023, 01:42:06 AM

All the countries are going through a hard time by the fall of covid-19. Also, a big token like bitcoin is tumbling in the market at a low position. It started to rise a little from the bottom for several days. It also stopped again. What do the researchers think in such a situation? Let's hope for the opinion. .

Bitcoin is not a token, it is the safest and best coin in this cryptocurrency market. What you're talking about is what's happening in the short term, why don't you zoom out on the bitcoin chart and take a broader view? You will see that in the long run bitcoin is still increasing and will always increase over time. Don't let a little short-term adjustment make you worry and let the opportunity in front of you slip away. As I said, zoom out on the bitcoin chart and you'll see there's a huge difference, and you'll see what you're missing out on if you don't buy it now.

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Bitcoin has already shown its possibilities and has already proven from previous years, the covid comes up and at that time too the bear market came so as we expected happens, and not all the time the market will give a good bull run to everyone, we can give the possible outcome or the speculations with the market but actual it happens it's too hard to give accurate details. But this coming halving of 2024 we possible expect some changes of the market price could be a possible small pump and make another dump because of the halving and that stage till 2025 can be a preparation for the next coming ATH.

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Quote from: israt1@ on September 26, 2023, 01:42:06 AM

All the countries are going through a hard time by the fall of covid-19. Also, a big token like bitcoin is tumbling in the market at a low position. It started to rise a little from the bottom for several days. It also stopped again. What do the researchers think in such a situation? Let's hope for the opinion. .

The world economy was seriously affected by COVID-19, though some nation's are gradually coming out of that economic reality.
The rise of bitcoin will be slow and steady as time goes, because the economic downturn globally has partially affected the bitcoin growth rate, that's because the multipler effect of some of these economic crisis has a way of reducing the price growth, because economic activities has reduced drastically.
However we are very hopeful, due some analysis and the prediction of a bull run that is likely to happen, that the future is bright.
So the tumbling of the bitcoin token is just temporary, just give it some little time and you will see how well it will bounce back.

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Well, the experts on Bitcoin price variations have different predictions.

Statistics show that bitcoins price would be under $30k at the peak of 2023, which we've all already seen, and then continue dropping toward the end of the year to less than $27k.

Some experts believe that it may continue to fall till it reaches $5k due to rising interest rates and tighter monetary policy.
Other statistics by researchers and experts are;

$77k $43,959.19k in 2025.
Shooting up to -

$ 188k $ 250k In 2023.

Research shows that trading of BTC would be at 50k - 100k in 2 -3 years.

So, the future of Bitcoin seems pretty uncertain but bright also.

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