What will Bitcoin look like in the future?

Makus

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Quote from: Stablexcoin on June 24, 2024, 10:25:23 AM

What I have come to realize is that Bitcoin will sour high and it will be difficult for people to acquire it because of were the price will be in the future. Those who are going to buy it will buy at a very high price so if one is not building himself financially or not allocating some disposable funds inside Bitcoin then when the the time comes in the future the demand will be high but only a few will be able to afford it. Now is the best chance for anyone to acquire Bitcoin while they can. Time will come when only those who have Bitcoin will be on greater profit.

It's obvious Bitcoin will experience a great pump compared to where it is now but that doesn't mean it would be difficult to acquire. Besides Bitcoin, there are smaller units called Satoshi which is very affordable and based on the amount you want to buy, Satoshi are what makes DCA possible because afford a whole Bitcoin would be difficult for the poor however Satoshi Nakamoto was smart enough to have made provision should in case things expand and, based on his calculation he is accurate in his thinking. There are several fact that proves Bitcoin will appreciate in value, the concept of demand and supply has explains that scarcity will make the value of a product to increase even as the demand remains constant of increases.

knowngunman

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Quote from: sportsguy1666 on June 21, 2024, 04:13:17 AM

At the moment, there is arguably a 0.002% bitcoin adoption so it has a long way to go.

People today are "still" earlyish adopters - which is crazy in my opinion.

Unless its price become unaffordable, it's still early. Taking into consideration how it has grown and keep growing from its inception, the earlier and current generation are very early to the new technology. From the beginning, only few people adopted bitcoin and the percentage of adopters continues to rise despite kickback from government. The adoption rate will keep growing higher as some governments are giving greenlight to its adoption.

To Op, no one can tell exactly where bitcoin is going but one thing is certain here. It will continue to showcase its nature of fluctuation and hitting all time high on timely basis, retract back and continue growing again as it's doing now. By the way, it's not meant to make everyone free and government can not take full control of it.

Stablexcoin

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What I have come to realize is that Bitcoin will sour high and it will be difficult for people to acquire it because of were the price will be in the future. Those who are going to buy it will buy at a very high price so if one is not building himself financially or not allocating some disposable funds inside Bitcoin then when the the time comes in the future the demand will be high but only a few will be able to afford it. Now is the best chance for anyone to acquire Bitcoin while they can. Time will come when only those who have Bitcoin will be on greater profit.

DaNNy001

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Quote from: Aunt Lydia on June 11, 2024, 07:22:03 AM

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please Grin

Bitcoin is always soaring to the sky and I don't see any centralize control anytime soon and besides in order to control something you actually need to the source creator of that thing and since they really don't know who Satoshi is, I think we are covered. For me where I see Bitcoin in the future, it will be all the rave as many nations too will adopt it use with effective results from the ones that have been actively using it like El Salvador.

Dr.Bitcoin_Strange

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Quote from: GbitG on June 23, 2024, 11:55:00 AM

Quote from: Dr.Bitcoin_Strange on June 22, 2024, 02:09:46 AM

Upon that, there are a lot of people in every country who are still into stock investment. Some of them prefer stock because they are not yet used to Bitcoin technology, and some people don't like the volatile nature of Bitcoin without realizing that volatility will still cause the price to surge high and generate more profit for them in the future because Bitcoin is a store of value. I told some of my friends that if they really understood how Bitcoin works, they might be convinced to invest in it.

If someone can afford, they should keep doing it on both sides, of course, if time permits as well.

Well, I love how you concluded your statement, but what you should also know is that investing in Bitcoin doesn't require too much energy and time. While investing in stocks, you can still invest in bitcoin. I love and so much believe in the idea of diversifying one's investing so that you know that you are expecting profit from different channels and not only one. If you invest in different channels, you will be more safe, so if one is having issues, you will still have the other to fall back on.

Mate2237

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Quote from: GbitG on June 23, 2024, 11:55:00 AM

Quote from: Dr.Bitcoin_Strange on June 22, 2024, 02:09:46 AM

Upon that, there are a lot of people in every country who are still into stock investment. Some of them prefer stock because they are not yet used to Bitcoin technology, and some people don't like the volatile nature of Bitcoin without realizing that volatility will still cause the price to surge high and generate more profit for them in the future because Bitcoin is a store of value. I told some of my friends that if they really understood how Bitcoin works, they might be convinced to invest in it.

Those who are or have been in traditional financial markets will have a hard time getting into the cryptocurrency market because the nature of both markets is extremely different and for someone to migrate from one to another, it would take a lot of time and I don't think one would want to stop trading in the market they have been for years to learn and get into the other market where they will have to learn everything from scratch.

I know that financial markets generally have a lot of similarities, but those similarities aren't enough to make you comfortable trading in a new market after leaving the old one or even if you are not leaving the old one, you will still need to do a lot of learning before you enter the new one.

If someone can afford, they should keep doing it on both sides, of course, if time permits as well.

As it is now , those conservatives bankers from the traditional methods are still confused of the cryptocurrency world. About from joke the cryptocurrency ecosystem is complicated so it is not easy for those guys to just come and use it. To use cryptocurrency, there are some rigorous processes to follow and if your are not knowledgeable on them then you can't use it and at the end you might lose your funds to scammers because they will come as the form of Angels to help you and since your are not conversant with the system, you will fall for their traps.

And from my four sight of the future of bitcoin, I see dominant of bitcoin over any other currency in the world those bitcoin will not replace any country currency but they will be used alongside. But the price of Bitcoin will be high.

GbitG

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Quote from: Dr.Bitcoin_Strange on June 22, 2024, 02:09:46 AM

Upon that, there are a lot of people in every country who are still into stock investment. Some of them prefer stock because they are not yet used to Bitcoin technology, and some people don't like the volatile nature of Bitcoin without realizing that volatility will still cause the price to surge high and generate more profit for them in the future because Bitcoin is a store of value. I told some of my friends that if they really understood how Bitcoin works, they might be convinced to invest in it.

Those who are or have been in traditional financial markets will have a hard time getting into the cryptocurrency market because the nature of both markets is extremely different and for someone to migrate from one to another, it would take a lot of time and I don't think one would want to stop trading in the market they have been for years to learn and get into the other market where they will have to learn everything from scratch.

I know that financial markets generally have a lot of similarities, but those similarities aren't enough to make you comfortable trading in a new market after leaving the old one or even if you are not leaving the old one, you will still need to do a lot of learning before you enter the new one.

If someone can afford, they should keep doing it on both sides, of course, if time permits as well.

tygeade

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Quote from: Vinaa77 on June 21, 2024, 04:00:43 AM

It is true that no one can guarantee Bitcoin in the future and I agree with what you say, we can see historically that Bitcoin adoption will continue to increase and even though some people believe that past events cannot necessarily be repeated, everyone will still accumulate Bitcoin. because this asset has the potential to be able to enjoy profits over a long period of time and because Bitcoin is not regulated by any government, of course this will make someone confident that they will continue to collect it because there is no interest of any group that will exist in Bitcoin so that they move volatility.

I believe that "our" future will be fine with bitcoin, I understand that our grandchildrend's grandchildren may live in a totally different world (one where humanity hopefully solved its issues and not destroyed it) but I am talking about just our lifetime and bitcoin should be fine for retirement for example. Thinking about that part, I believe that we are going to be fine and nothing will be that scary, things should be easy to handle in the end.

We are going to of course have some more issues in the distant future, it is not going to be all that easy to keep bitcoin at the top, but I also believe that we could defend against all the troubles that could come, if only we could stick together and not really have any issues.

Dr.Bitcoin_Strange

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Quote from: BABY SHOES on June 19, 2024, 03:09:27 PM

It is true that the most common purpose why they are interested in bitcoin is because of the benefits they get in adding now many generations easily switch to bitcoin rather than the stock market.

Upon that, there are a lot of people in every country who are still into stock investment. Some of them prefer stock because they are not yet used to Bitcoin technology, and some people don't like the volatile nature of Bitcoin without realizing that volatility will still cause the price to surge high and generate more profit for them in the future because Bitcoin is a store of value. I told some of my friends that if they really understood how Bitcoin works, they might be convinced to invest in it.

Blitzboy

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Quote from: dezoel on June 21, 2024, 10:05:42 AM

We cannot possibly know for sure, but we could try to do better with it. I believe that a lot of people are overreacting to it right now, and we should consider how we could do better. Too many people are doing something not that great, and I understand that perfectly, we are just not that greatly happy about it. I know that it will take a while, and I am very well aware that nothing is that terrible.

We should just consider the fact that it will grow and be higher. Not only that the price will go up, which it will, but we will have more people using it and more places that accepts it as well. That is inevitable future for bitcoin and I do not think that we are going to have anything else, that just seems like the future without alternatives.

How bitcoin fits into daily life will determine its destiny, not just its price. It have developed from a little idea to a major business, and that expansion will continue. Bitcoin alters money thinking and use as well as its value.

Trusting each other is crucial. Trust is created via traditional ways by banks. Now, Bitcoin spreads trust. This reform could make money exchanges clearer and more democratic. As more people and corporations utilize Bitcoin, it may become more stable and accepted. Not only are we investing, but we're also preparing financial institutions for a digital era.

You have good reason to be worried - adoption takes time and understanding. The first doubts will fade as this technology spreads, and what remains could change how we trust and do business globally.

dezoel

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We cannot possibly know for sure, but we could try to do better with it. I believe that a lot of people are overreacting to it right now, and we should consider how we could do better. Too many people are doing something not that great, and I understand that perfectly, we are just not that greatly happy about it. I know that it will take a while, and I am very well aware that nothing is that terrible.

We should just consider the fact that it will grow and be higher. Not only that the price will go up, which it will, but we will have more people using it and more places that accepts it as well. That is inevitable future for bitcoin and I do not think that we are going to have anything else, that just seems like the future without alternatives.

OrangeII

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We don't know what will happen to Bitcoin in the future, but I think its users will increase, especially if we think about the children who are currently learning this technology since they were small. Additionally, perhaps the government will add some regulations to bitcoin when its price becomes very high. Moreover, bitcoin still has a decentralized system, so I think when the price rises, the government will tighten the regulations.

DyllanGM

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Predicting the future of Bitcoin is tricky. Since its start in 2009, Bitcoin's seen massive growth, adoption, and volatility.

Looking ahead, it could become more mainstream, with wider acceptance in commerce and as an investment. Regulations will likely tighten, which might bring stability but also challenges. Technological advancements could improve its scalability and security. However, it also faces competition from other cryptocurrencies and potential regulatory hurdles. The future’s uncertain, but Bitcoin’s likely to remain a significant player in the digital currency world.

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Quote from: Orpichukwu on June 20, 2024, 12:24:50 PM

Quote from: legendbtc on June 20, 2024, 08:02:21 AM

Yes, the government is not as naive and stupid as we think, they know everything about bitcoin and they even know more about bitcoin than us and that is why they are harsh on bitcoin. They realize that if bitcoin becomes popular without control and people freely use it, their power will be shaken and even collapse. The government understands bitcoin very well and has always tried to stop it from the very beginning but perhaps they failed, and now bitcoin has become so popular that it cannot be banned. They began looking for ways to legalize it with a series of regulations, and the hope that it would be controlled and would not let it affect their power.

The government can still ban and restrict their citizens from using whatever they feel is a trait to their economy, even if that's not the main reason for the banning. You say they can't ban Bitcoin, and I completely don't agree with that. All they have to do is place a ban order on it, and whoever ever uses it will be punished; that's all.

What the government is banning is banning people from using bitcoin, they are ready to impose heavy penalties if someone stubbornly defies the ban. But even so, can you guarantee that people will strictly comply or will they still quietly invest in bitcoin? For example: Bangladesh is a country that is still harsh on bitcoin but did you know that many Bangladeshi are still investing in bitcoin and some are even active on our forum? Governments can only issue bans on their citizens, they have no way to completely stop bitcoin.

Quote from: Orpichukwu on June 20, 2024, 12:24:50 PM

On the side of regulating it, they have already seen that there is no way that they can control Bitcoin, so what they are doing now is regulating those firms that deal in bitcoin through those centralised systems. Now they can control how their citizens make use of Bitcoin, tax it, and freeze user accounts, which makes it very easy for them to tackle and still control.

If they could have banned it they wouldn't have legalized it with a bunch of regulations, they clearly failed to ban it and instead were looking to control it. But how effective the control is depends on each government because as far as I know, many investors still avoid taxes, including you and me. I guess you yourself are using bitcoin to avoid taxes, so how do they control you?

sportsguy1666

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At the moment, there is arguably a 0.002% bitcoin adoption so it has a long way to go.

People today are "still" earlyish adopters - which is crazy in my opinion.

Vinaa77

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Quote from: Tmoonz on June 20, 2024, 06:52:29 AM

No one can be very certain I mean there is no guarantee as to what Bitcoin will become in the future, historically Bitcoin has made a wide spread adoption with a tremendous increase in value, but past event is not a guarantee of the the future event rather it can only be a guide yet we need to consider having certain believe towards possibilities, if Bitcoin becomes regulated and controlled by the government it has changed it purpose of being decentralized which I think it will not be possible considering the anonymity of Satoshi Nakamoto. Volatility is an inherent trait of Bitcoin which is the only thing that is guarantee, yeah Bitcoin can go higher far beyond the value we are seeing today.

It is true that no one can guarantee Bitcoin in the future and I agree with what you say, we can see historically that Bitcoin adoption will continue to increase and even though some people believe that past events cannot necessarily be repeated, everyone will still accumulate Bitcoin. because this asset has the potential to be able to enjoy profits over a long period of time and because Bitcoin is not regulated by any government, of course this will make someone confident that they will continue to collect it because there is no interest of any group that will exist in Bitcoin so that they move volatility.

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Quote from: iBaba on June 12, 2024, 05:18:06 AM

Quote from: Aunt Lydia on June 11, 2024, 07:22:03 AM

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please Grin

The technology behind the invention of Bitcoin among other digital currencies is revolutionary but what gives bitcoin an edge over others is its popularity, notability and credibility as the first known and widely launched digital currency that spread across world making it the most valuable in the market so far. Big ups to the inventor Satoshi for bringing the monumental invention of Bitcoin technology as an alternative to the centralized system practiced over the years and controlled by the government.

This alone have given the bitcoin the massive attention as a decentralized system of financial system, by extension making it an avenue for people to invest in the prosperous digital currency and making it the biggest thus far.

Bitcoin will continue to attract more investors because despite the volatility thing, every investor wants to see a good result at the end, some investor already understand the concept and the fact that Bitcoin is a longterm investment so before the will think of investing in Bitcoin, they have already position their mind on the long-term since they know that it is the only way to benefit, taking about monetary system and cryptocurrency in general, Bitcoin has no rival, it is the only decentarlized and digital currency whose price surpass others, this is the reason why many whales has much confidence in the continues holding of their Bitcoin asset.
The DCA strategy of Bitcoin has made it more exceptional too, that's to say that excuses in terms investment shouldn't be intertained again, every prepared can invest at any time once the basic knowledge is present.

Orpichukwu

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Quote from: legendbtc on June 20, 2024, 08:02:21 AM

Yes, the government is not as naive and stupid as we think, they know everything about bitcoin and they even know more about bitcoin than us and that is why they are harsh on bitcoin. They realize that if bitcoin becomes popular without control and people freely use it, their power will be shaken and even collapse. The government understands bitcoin very well and has always tried to stop it from the very beginning but perhaps they failed, and now bitcoin has become so popular that it cannot be banned. They began looking for ways to legalize it with a series of regulations, and the hope that it would be controlled and would not let it affect their power.

The government can still ban and restrict their citizens from using whatever they feel is a trait to their economy, even if that's not the main reason for the banning. You say they can't ban Bitcoin, and I completely don't agree with that. All they have to do is place a ban order on it, and whoever ever uses it will be punished; that's all.

On the side of regulating it, they have already seen that there is no way that they can control Bitcoin, so what they are doing now is regulating those firms that deal in bitcoin through those centralised systems. Now they can control how their citizens make use of Bitcoin, tax it, and freeze user accounts, which makes it very easy for them to tackle and still control.

GeorgeJohn

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Quote from: Aunt Lydia on June 11, 2024, 07:22:03 AM

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please Grin

we should know that bitcoin is going up not down, because what they expected in price of bitcoin when it was established is not something they are observing now, because far back 2009 bitcoin was introduced they don't have that mindset that bitcoin price will continue to increase,but right away government can not stop the existence of bitcoin but they can stop existence of exchange because is done in a centralized way, so I believe that exchange is effected bitcoin can not be affected because bitcoin itself is a decentralized currency

glendall

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Quote from: Aunt Lydia on June 11, 2024, 07:22:03 AM

What is the future of Bitcoin?

We know where it was in 2009, where it is now (2024), but where is it going?

Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please Grin

It is undeniable that Bitcoin has provided benefits to everyone, and this will continue to be the main investment besides gold I think,
and for the government it seems that it is only local exchanges that they can regulate not for bitcoin,
bitcoin will be initially regulated without government intervention and the nature of its ownership will always be anonymous as long as the owner does not make a statement that they own bitcoin

Topic: What will Bitcoin look like in the future? (Read 1225 times)