Topic: What will Bitcoin look like in the future? - page 2. (Read 1257 times)

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.

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.

Yeeh because that's what I encountered from my circle of friends in my area they are more into bitcoin than stocks - whereas for other countries maybe I agree with you where there are differences in their investment interests.

If anonymously it will never be caught, but publicly then YES, I saw where there was a case in my country of a car rental person receiving crypto payments from foreign tourists when caught then immediately arrested by the police.

The activity of moving between wallets will not be known, so I mean where they pay in stores that accept bitcoin, but that's not true because it's prohibited.

Imagine the government receiving $30 million more per year, even this will continue to increase government revenue in my country.

Which certainly won't be as far away as what you see now and will likely continue to gain wider adoption so that bitcoin will appear at a fantastic new price. If we talk about freedom, we definitely find it in bitcoin because basically investing in bitcoin does not require the involvement of other people and that means we are free to make our own decisions. The essence of government regulation is no longer rational because bitcoin assets have grown and developed and they can never be regulated or simply limited as many people fear.

If the government could regulate and control bitcoin then it would have done it long ago. But what happens is that bitcoin grows and develops because of its strength and that is why people consider bitcoin to be the best asset for the long term. Whatever theory you try to put forward there is no chance of limiting, controlling or being regulated in such a way by the government because that is not how bitcoin works.

What would happen if the largest number of Bitcoins were concentrated in the same hands? Have you thought about that? What decentralization can we talk about under such a condition? This is what matters and this is the question that should be answered. This is the danger. There is already a tendency for large investment funds to have a significant amount of coins in their accounts. What should we do in such a case?

Bitcoin is the future, so people will surely increase their motivation with bitcoin as to how they can maximize it, rather than focusing on fiat where its value depreciates in time. In addition, bitcoin is certainly a digital gold so more than the real value of other investments, bitcoin remains on top of others, most especially if Bitcoin promotion and adaption will continue to increase a lot.

Not for all regions - every country is different. You can still say that many people in your country or people in your circle of friends are more interested in bitcoin than stocks - but that does not represent everyone in your country because there are many other people who are interested in the stock market. Of course - it's about their interest and confidence in an investment asset.

How is that possible - someone who uses bitcoin as a means of payment anonymously will be arrested, unless they do it in a public place.

In countries that prohibit the use of bitcoin as a means of payment - you are still very likely to find someone to pay you in bitcoin anonymously or through a centralized exchange. This is only recorded as the activity of moving Bitcoin from one address to another without knowing the purpose, unless you announce it publicly.

Hmm - yes, that is a great source of revenue for the government. That's why they regulate instead of banning bitcoin trading completely.

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.

Actually, every country has rules about bitcoin, some prohibit and legalize it.
As in my country where bitcoin is legal as a commodity asset as long as it does not become a means of payment then it will be illegal even when someone does it it will be arrested.

With a lot of investment interest in bitcoin this is actually an advantage for the country because everyone will be taxed from this tax the government can generate a lot of revenue.

Everyone have the choice for what they want to do with Bitcoin but the common goal among every Bitcoiner is for the purpose of making profit. Even in those countries where Bitcoin is ban, there are still other means through which some citizens in those countries are accumulating Bitcoin. Bitcoin is a decentralized asset and you don't need the permission of anyone to own it and you can as well own it without the knowledge of anybody.

I have to agree with this as I think this is what is going to happen, Bitcoin is going to become more popular but as for what it is going to look like in the future, I don't think anybody knows about that but we can only be guessing. Bitcoin is already being considered as a form of money but the government don't like Bitcoin therefore they might try to kill it or adopt it in the future we don't know.  Bitcoin can't make everybody to be free but only those that believe in it.

Having Bitcoin in a non constodial wallet is better as we don't know if the governments of our different countries will accept or not accept Bitcoin as a form of currency allow to function in the country but if we have Bitcoin in our non constodial wallets, we're free to use Bitcoin without the government of our country knowing about it.

Frankly, no one can boldly speak of what bitcoin will become in the future but with how things are now, it strings shows that bitcoin has come to stay for good.
A lot is going on in the cryptocurrency  and bitcoin industry but not enough to kill our hope for bitcoin and I think the government is already pushing their ways around bitcoin because currently in Africa, we could see how a lot of regulatory changes are pushing crypto away and I’m sure for bitcoin to be accepted in such countries, it might be bent to follow some regulations and also remember that what ever has the potential to generate profit ought to be tax and since bitcoin is already proving to hold and earn some profits, that has dragged the attention of the government to it and it might be difficult for the government not to tax it.

Bitcoin will make a lot of people free tomorrow especially those who believe in it today and seize the opportunities it offers today

Bitcoin is currently the most popular cryptocurrency among virtual investments. As big companies are now investing in Bitcoin and the popularity of Bitcoin is increasing day by day, governments of different countries will try to regulate Bitcoin. Attempts are being made to maximize control of Bitcoin through technological developments. Since many people think that money laundering is done through Bitcoin, Bitcoin is not viewed favorably by the governments of many countries. But Bitcoin is currently going to become an asset like gold. The number of Bitcoin users and investors may increase in the future.

It's not like the government doesn't know about bitcoin or what it's worth or influence on society; the truth of the matter is just that they are afraid of what Bitcoin will do in the future, taking over money from the way they usually control their citizens financial systems to another level.

where the system will use a method where the government no longer has to decide when they can spend their money, how much they can spend, and can't even tax most of their transactions again. Those are the things I believe are part of the reason why most countries governments don't want to fully accept bitcoin.

Look, nothing's gonna last forever. Nothing does. Change is the only constant, right? Dharma of life is that. Still, Bitcoin is unique. Its got a limited supply. Not like the government does with dollars, you cannot simply print more of it. Such scarcity is quite significant. Bitcoin is also uncontrolled by anybody. Its decentralized. It is money of the people. Thats power, folks. Thats freedom. The key is to know how the system functions and where the actual value lies, not to become attached to anything in particular.

Sure, the future's uncertain. Has always been and will always be. But Bitcoin's built on solid principles. Its got staying power. And thats something worth paying attention to.

A project can be alive for 20 years and still fail. How old Bitcoin is and how much it has flourished isn't reason enough to determine why it won't fail. Saying Bitcoin won't fail because of how long it has succeeded doesn't do Bitcoin justice. Bitcoin has succeeded for so long because of its features.

The value of every currency, asset, or commodity is determined by the demand and supply of that asset or commodity. There are other factors like cost of production and all, but it all boils down to demand and supply. If there is no demand for that particular asset or currency, the value would be reduced. If there is a high demand and the supply is way higher than the demand, then the value would drop because one thing that increases value is scarcity. Bitcoin checks all these boxes.
One thing Bitcoin has over fiat and altcoins is its limited supply. The market cannot be flooded with billions of bitcoin just as it is with other cryptocurrencies. Going back to excess supply, that's why most altcoins aren't worth shit, but they have a high market cap. Flooding the market with a particular coin removes scarcity and when something is not scarce, it has no value.

Another feature that makes Bitcoin unstoppable is its decentralised nature. No centralised or particular entity owns it. It's owned and controlled by the people in the market. This way no particular person is responsible for adding value to Bitcoin online shares. This creates room for demand and supply to function freely.
These are just two main reasons I believe Bitcoin won't fail.

Bitcoin is a digital Gold and this is where it's more likely head to take its full role, Institution has understood this and this is why we are seeing the smart money starting to position their investment in Bitcoin. In as much as your Bitcoin is a noncustodial wallet, then no one can control it, we will likely see more regulation come into play in the coming years ahead from different governments of the world as to how people would go about investing in Bitcoin and I see more countries trying to tax its citizens who are involved in Bitcoin after they must have fully realized that they can't totally control it.

No one really holds what will be the future of bitcoin, or it won’t have any brighter future instead. So I have to agree with you that we should not dwell so much with the future of bitcoin but focus and enjoy what we have at the present. If it’s going to live for another decade, that would be a lot better, but if it’s not, then we have no choice but to accept the reality that bitcoin is just only good for a single decade. What’s more important is that bitcoin has provided us a lot of benefits at the present, and we are very grateful for it. But when it comes to its future, that will remain uncertain for all of us here.

If we can be perfectly good at tracing back all where Bitcoin started from then we can sight a positive results over time. In as much, within those periods we still have the down side of it but judging on it's acceptability from different countries, companies and business we can at most attest to facts that we are heading in the right direction and with more time in the future their will be more adoption compared to what we have now.

The odds should be less for Bitcoin to be controlled by the government, it was created against such purposes, so we don't assume to see it happen anytime soon, they may try (already trying) but all should be to no avail.

Bitcoin has come a long way. It has become something that is preferred and trusted when it comes to investing. One of the most difficult decisions in the market is to find an investment instrument to trust. Bitcoin has become one of the trusted investment instruments. We can see this from the increasing number of investors and the fact that it has been generating returns on long-term investment for years.

I don't think Bitcoin can be controlled by governments. There are a lot of negative scenarios floating around, but I don't think they will come true. It's very difficult to control a structure with limited supply and the market won't allow it.

Bitcoin would definitely take over the world in the future, that’s why it is valuable for one to start investing now on a long term investment using the DCA method so the future would be bright . I also think in the future bitcoin would serve as the only medium for foreign exchange on crypto currency