What the Crypto Markets Are Saying About the Future of Bitcoin

Twentyonepaylots

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Quote from: alyssa85 on December 03, 2019, 05:56:52 AM

Quote from: bitvalak on December 02, 2019, 12:25:34 PM

The problem is everyone is too focused on what the price of bitcoin at the moment, it needs to be straightened out so that there is no repeated panic. Everywhere always discusses the price of bitcoin dropped, when the price of bitcoin rises, and the like that refers to the panic question.
I am very sure that if we can use bitcoin as an aspect of life, the price will reach stability, besides that many countries have started to adopt the blockchain which means it shows a positive thing for cryptocurrency.

Everyone is focused on the price because it's so volatile. Losing 20% of value in a month makes people nervous (normal currencies barely move 2% in a month). Until this volatity stops, bitcoin will continue to be a fringe asset rather than a mainstream currency.

The volatility of bitcoin is much higher on the other cryprocurrency that is why price is the basis of the most people. Most people sees bitcoin as an investment and we totally cannot do anything about it, it is just that they are not here for the revolution but just for the money obviously. Talking about stability that will take so long to the point that we are all dead, by 2140 when all bitcoin is mined the stability of price might come true yet it still depends on the people that time. Now I just follow the trend, I don't prioritize bitcoin as means of trading but rather an investment especially now that 2020 is approaching, speculation for the price to increase is much anticipated.

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Quote from: bitvalak on December 02, 2019, 12:25:34 PM

The problem is everyone is too focused on what the price of bitcoin at the moment, it needs to be straightened out so that there is no repeated panic. Everywhere always discusses the price of bitcoin dropped, when the price of bitcoin rises, and the like that refers to the panic question.
I am very sure that if we can use bitcoin as an aspect of life, the price will reach stability, besides that many countries have started to adopt the blockchain which means it shows a positive thing for cryptocurrency.

Everyone is focused on the price because it's so volatile. Losing 20% of value in a month makes people nervous (normal currencies barely move 2% in a month). Until this volatity stops, bitcoin will continue to be a fringe asset rather than a mainstream currency.

albrots

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Bitcoin is a digital currency of the future that will be widely used by people in this world. Although currently still constrained by regulations in several countries. Bitcoin remains popular and will be the currency of the future. Bitcoin will go to a higher level, that will definitely happen, this cryptocurrency world is very complex.

bitvalak

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The problem is everyone is too focused on what the price of bitcoin at the moment, it needs to be straightened out so that there is no repeated panic. Everywhere always discusses the price of bitcoin dropped, when the price of bitcoin rises, and the like that refers to the panic question.
I am very sure that if we can use bitcoin as an aspect of life, the price will reach stability, besides that many countries have started to adopt the blockchain which means it shows a positive thing for cryptocurrency.

hotmom

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Quote from: FaithInCrypto on December 02, 2019, 08:55:49 AM

Personally I think Bitcoin developed so much already after its existence of 10 years. It is not easy to compete with local currencies but Bitcoin still stands and still developing over the years. It might not reach the rate it has last 2017 but I think it is getting stable even the market is very volatile. Who knows next year there will be good news that could contribute to the success of Bitcoin and demand will be higher again making the rate increase.

I am sure that we are waiting for such a price that we have not seen before, it remains only to wait.

daarul50

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Quote from: avikz on December 02, 2019, 05:20:37 AM

The end goal of the article is to prove that people are bullish about bitcoin and its price will increase in future! That's pure speculation and nothing else! Randomly cited few half known personalities and their speculations are added to provide support to the author's statement!

What surprising is that, no one actually talked about the most important factor, adoption! Cryptos or bitcoin won't really grow until its adoption increases! There's nothing else so powerful enough to move the prices to another ATH! No matter what these self proclaimed crypto analysts say, until we see countries legalizing and adopting bitcoin within their economy, it will remain as a speculative asset like today! To make it look like a commodity and whatever else, adopting needs to increase!

+1

end of story.

once people realizing that bitcoin is useful they won't doubting the price itself anymore. the most undisputable proof backing bitcoin from any doubtful statements like "Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air"

those kind dumb statements will just disappear from earth.
it takes time don't worry it will come really soon, boomer will disappear in few years dawg.

Bellarg

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with bitcoin volatility is too hard to say that price will be after year. nobody will say it unfrotunatly

FaithInCrypto

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mada mada dane

Personally I think Bitcoin developed so much already after its existence of 10 years. It is not easy to compete with local currencies but Bitcoin still stands and still developing over the years. It might not reach the rate it has last 2017 but I think it is getting stable even the market is very volatile. Who knows next year there will be good news that could contribute to the success of Bitcoin and demand will be higher again making the rate increase.

YuginKadoya

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I think bitcoin had established much in that years it occupied certain all-time highs, and even if the visible part of it right now is a bearish trend, if your an enthusiast and you are really positive about Bitcoin despite the FUD and negative topics arising if you are looking on the roadway it is still going beyond our expectation, and if the price of Bitcoin would not surge high enough the next year of 2020 it will still continue to follow a trend the next year and the following years to come.

Murat

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It's been 10 years already, so Bitcoin and Cryptocurrency platform should be more organized and developed, you can't say it's still young, because a lot of time already passed, day by day this system is getting vulnerable and volatile but there is solution for those purposes yet, this is how people are becoming little bit reluctant to this system, so there should be taken some reformation which could make this one more reliable, it should be more acceptable to the people because of the future purpose, I hope the next 10 years will be more crucial for Bitcoin because of the heavy competition, day by day Blockchain system is getting developed and popular around the world, so it should be reformed for its betterment.

avikz

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The end goal of the article is to prove that people are bullish about bitcoin and its price will increase in future! That's pure speculation and nothing else! Randomly cited few half known personalities and their speculations are added to provide support to the author's statement!

What surprising is that, no one actually talked about the most important factor, adoption! Cryptos or bitcoin won't really grow until its adoption increases! There's nothing else so powerful enough to move the prices to another ATH! No matter what these self proclaimed crypto analysts say, until we see countries legalizing and adopting bitcoin within their economy, it will remain as a speculative asset like today! To make it look like a commodity and whatever else, adopting needs to increase!

scopatumana

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Personally for me what I'll always say is that the mere fact that bitcoin has survived until now from 2009 coming alone is one fact that justifies its sustainability. Sure, pricewise, it's panting (and that's even for those who bought at the top at $20K) and has many critics. Other than that anyone who's been around for like 5 years ago knows Bitcoin is still big. So I'll say it has a higher survival rate, and the future is going to be more awesome👍

iamaruf

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All of them said that bitcoin is the next generation crypto currency.They know what is bitcoin.If people understand what Landsberg-Sadie said then no one will ignore btc.In next few years we will see bitcoin in the next level 😍 and that's why holding my btc.

CryptoBry

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Bitcoin is a very young asset and so what we are experiencing right now especially its extreme volatility is just one of the many manifestations that Bitcoin is not yet that a matured asset. This is quite an exciting reality because Bitcoin for now can be an opportunity for a good ROI until it can settle itself on a more stable price range, just like other commodities are behaving. I am not good in many technical terms on trading and cryptocurrency, but we are all hoping that for the next 10 years we can slowly experience more stability for this prime digital asset. When there is more stability, we should hope that more and more institutional money can come in and small investors will not be shying away due to perceived volatility risks.

hello_good_sir

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I also share a similar POV, that bitcoin is going to end up maturing into a state where it's going settle between 2 price points (I thought this was going to be 8,000 to 12,000) and then it would just bounce around that price for a while.

Other investments have lasted/been around for several hundred years before they reached their fairly stable state like they are in now. I would assume crypto-currencies to talk around the same year, and we likely won't stabilise around the price ceiling for 30 or so years.

Harlot

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I think the main point of the article was this.

Quote

How far along BTC’s market cycle is, is yet to be determined, but if traditional economics prove true, BTC could be highly valued in the very near future.

and the author is trying to say that in the "near future" we might see Bitcoin to be one of the highly valued assets we have in the world which I agree because there is no way to go back up with our given scenario where not only governments are adopting Bitcoin but also businesses as well with the two supporting the growth and potential of Bitcoin you can see that mass adoption will take place regardless of the current standing price it has right now. The volatility we see now is something that any crypto is feeling since we are just controlled by mostly whales in the market.

kro55

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*STOP NOWHERE*

Quote from: vennali on November 28, 2019, 09:26:57 AM

A poll conducted by Alex Kruger, a macro cryptocurrency analyst, shows the majority of Crypto Twitter participants think bitcoin (BTC) will ‘eventually’ mature and settle into a wide price range, resembling the traditional commodities markets in real-terms.

This is very true. Equity trading dates back to 17 century (https://en.m.wikipedia.org/wiki/Stock_market). While crypto trading is just 10 years old. We have to give time to crypto trading before we start comparing it with a trading market that is centuries old.
Still BTC is way ahead of any "share" traded till date in terms of giving huge profit in such short span.

vennali

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Some analysts argue the nascent market has a long way to go before reaching maturity, as seen in traditional markets, where smoothed volatility and liquidity are important factors. While others imply scarcity inherent in its algorithm is the main factor for bitcoin’s perceived value, now and in the future.

A poll conducted by Alex Kruger, a macro cryptocurrency analyst, shows the majority of Crypto Twitter participants think bitcoin (BTC) will ‘eventually’ mature and settle into a wide price range, resembling the traditional commodities markets in real-terms.

To drive home what he meant, Kruger said “something that settles into a range in real terms still trends in nominal terms due to inflation, as most commodities do.”

But timing is always the question and BTC could be faraway from that level of maturity, where it ‘settles’ into a defined range as the budding market of cryptocurrency moves into its 10th year.

Willy Woo, a crypto on-chain analyst and trader, said the price of BTC still had some ways to go in discovering a price ceiling.

“Anything between a [market capitalization] of $10 trillion to $100 trillion is fair game,” Woo said.

Read more on Coindesk

Topic: What the Crypto Markets Are Saying About the Future of Bitcoin (Read 261 times)