Topic: What will Bitcoin look like in the future? - page 5. (Read 1257 times)
As before, bitcoin in the future will remain virtual money that can only be used in the online world and will continue to grow as prices increase and will continue to follow the rules set by the forum. a country cannot control it because bitcoin is online, not real like fiat.
Bitcoin will not going anywhere in the future. Its solid, its reliable, its like digital gold. People want something they can trust when everything else is going haywire, and thats Bitcoin. Sure, maybe you can not buy a cup of coffee with bitcoin anymore, but that wasnt the end game anyway. This is about the big picture. Its about security, its about freedom from the old systems.
And the future? Its tremendous. Bitcoin's just getting started. The more the world changes, the more people will see its value. Governments might try to get involved, but that just makes us want it more. If anything, some sensible regulation could bring in even more players.
And the future? Its tremendous. Bitcoin's just getting started. The more the world changes, the more people will see its value. Governments might try to get involved, but that just makes us want it more. If anything, some sensible regulation could bring in even more players.
What is the future of Bitcoin?
No one knows but as long as we are supporting this? bitcoin will always have a better future.Quote
We know where it was in 2009, where it is now (2024), but where is it going?
as of now? still going strong , making price increasing each year after year.Quote
Will it make everyone free?
WHAATTTTT? bitcoin to be free? this is like Bitcoin is becoming Play money? seriously you have this thought ?Quote
Will it be regulated and become government controlled?
All normal and crazy theories please
this will never happen, even if they find out satoshi never that they can control this currency . All normal and crazy theories please
Will it make everyone free? Will it be regulated and become government controlled?
The direction in the future and will continue to run on this week of the world no longer requires technology so the internet is lost forever.
So far, the Bitcoin system can make people free to enjoy and control their money without having to be bound by third parties.
Bitcoin is not regulated and controlled by them. Bitcoin is absolutely controlled by the owner who has Bitcoin.
Bitcoin does not belong to the government, so it is free because of decentralized. This is the most normal thing why Bitcoin cannot be adjusted.
El Salvador did not make bitcoin their only currency but one of their currency to exist together with their fiat.
Yeah, but most of the population in El Salvador do not use BTC, they don't even truly understand how it works, so many of them only downloaded the Chivo wallet to claim the $30 bonus attached to it, and afterwards they never used the wallet again or used BTC even in a different wallet. I may not call El Salvadors BTC plan a failure yet, but it is far from being a success and close to being a failure, so yeah.Are you from El Salvador? How do you know that people there aren't using bitcoin?
They accept bitcoin as legal tender doesn't mean they only focus on using it as a means of payment. We ourselves prefer to use bitcoin as an investment instead of using it as currency, why don't they have the right to do that? Additionally, you can also see that their government is also trying to accumulate bitcoin by buying 1 BTC per day, proving that they are also focusing on using bitcoin as an investment in addition to using it as a currency. They accept bitcoin as a means of legal tender and create a bitcoin city, what they want is to expand the tourism industry, attract investment capital...not just turn it into currency. Therefore, it cannot be said that they are failing and have not achieved anything.
The government is trying its best to control the bitcoins. They are forcing people to use the centralized exchanges so that they can keep track of how many Bitcoins a user is selling and how much he is withdrawing. Next, it will impose tax based on the winnings. So yes, in the future, if this goes on, then I highly doubt that the popularity of the coin will increase. People get into Bitcoins due to the decentralized nature of it. But now the government is trying hard to either make it illegal or impose a huge tax on it. Due to the decentralized exchanges and P2P platforms, Bitcoins are still heaven for many investors and traders.
No matter how hard the government tries, controlling it is impossible. It is a matter of much trouble; if ever controlled, it must be more easily controlled. Any country's government cannot control blockchain and cryptocurrency because they are decentralized. However, it is controlled by its height so that no one can find its identity.However, if each country's government verifies transactions through a specific exchange, it may be possible to control where and how transactions are being made.
Despite ongoing discussions, the path to widespread legalization of digital currency remains uncertain. It's a future that may require patience and anticipation as we wait to see how the landscape of digital currency evolves.
Yes I know a lot of contribution has been done on this but to my own opinion I just believe that bitcoin will continue growing on its track till the future tells what will be but bitcoin we hit more than what we think it will not even get to I don't want to mention any part of love figure but I know as I know my name that bitcoin will be greater than 200k in a very short period of time so we all should put our finger clothes and if we have any interesting then or investment in bitcoin we should just proceed because bitcoin with going to hit great and it will hit more than what you did not even think of one thing I believe about bitcoin is the the fastness that it's always growing they're not currently that has gone as fast as this yes we know that fiats is our local currency and we always compete with other currencies today but one thing I believe he's that bitcoin is different from them and it will definitely grow high more than what you think it will be I so much trust and believe in bitcoin
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
Been controlled by the government is one thing that i don't think will really be possible with bitcoin because the blockchain technology which makes bitcoin decentralized isn't even controlled by anyone literally so its something that isn't going to be really controlled by by the government but there can be regulations to how it could be used in a country or maybe there could be some restrictions for the kind of places where it could be used as some countries currently does, they make sure crypto isn't allowed on every platform in the country. 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
Freedom for everyone isn't something Bitcoin can except you refer to financial freedom of which not everyone too can be able to gain such from Bitcoin because benefiting from bitcoin will only means one will have to invest or be using it for one thing or the other but then when you aren't using it or investing in it then there's no way you will be able to really get to the point where you can benefit from it or become free through bitcoin.
Although the government are plotting how they can regulate Bitcoin, but I don't think they archive it, and since they cannot archive it, they will end up regulating Bitcoin users and the platforms that facilitate the use of Bitcoin for some people in other parts of the world. The centralized exchange is being regulated, and they compel customers to do KYC verification, which is a means by which they can identify any Bitcoin users and their transactions if they need to. So, the government can only regulate exchanges and tell Bitcoin users that they know their identities, but it cannot fully control the block chain.
In the future, the price of Bitcoin will continue to grow, and people will continue to buy and store Bitcoin because it's a store of value. More businesses will also start accepting Bitcoin as a payment method.
It is not possible for any country's government to control blockchain or cryptography. Because crypto is completely decentralized, it is not possible for anyone to control it. Transactions can be done here maintaining complete anonymity, due to which it is not possible for anyone to track a wallet and find out someone's personal identity. But when someone holds an account on a centralized exchange and does KYC, the exchange authority can track their customer's transactions if they want. So in this case, if each country launches its own crypto exchange, the government will be able to bring the crypto users of their country under some control. Otherwise it is not possible to track a crypto user personally. In the future, the price of Bitcoin will continue to grow, and people will continue to buy and store Bitcoin because it's a store of value. More businesses will also start accepting Bitcoin as a payment method.
Bitcoin's future is bright. It's freedom flourishing. I'm convinced that a second layer solution will thrive within this decade. Lightning was practically not a favorable option for the most part. It will still have usage, but it's not what will drive the global adoption.
Global adoption will eventually emerge when these four aspects will be simultaneously provided by one piece of software:
Global adoption will eventually emerge when these four aspects will be simultaneously provided by one piece of software:
- Self-custody
- Nearly zero transaction fees
- Nearly instant payments
- Privacy
Will it make everyone free? Will it be regulated and become government controlled?
It won't make everyone free, because not everyone wants to be free when it comes to financial sovereignty.
More countries will adopt it, specially the ones focused on individual freedom, and seeing where the world is going... something really cyberpunkish.
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Although the government are plotting how they can regulate Bitcoin, but I don't think they archive it, and since they cannot archive it, they will end up regulating Bitcoin users and the platforms that facilitate the use of Bitcoin for some people in other parts of the world. The centralized exchange is being regulated, and they compel customers to do KYC verification, which is a means by which they can identify any Bitcoin users and their transactions if they need to. So, the government can only regulate exchanges and tell Bitcoin users that they know their identities, but it cannot fully control the block chain.
In the future, the price of Bitcoin will continue to grow, and people will continue to buy and store Bitcoin because it's a store of value. More businesses will also start accepting Bitcoin as a payment method.
In the future, the price of Bitcoin will continue to grow, and people will continue to buy and store Bitcoin because it's a store of value. More businesses will also start accepting Bitcoin as a payment method.
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
Everything will remain the same from the beginning until now bitcoin is running and even until whenever as long as bitcoin exists then indeed the government will never be able to intervene directly by regulating bitcoin because in the end the conditions remain the same where the government will only be able to outsmart bitcoin with regulations without being able to regulate anything to make bitcoin subject.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
The nature of bitcoin that cannot be regulated by anyone will remain like that even by the government so there is nothing to worry about for bitcoin because in the end either from the beginning, currently or in the future the conditions will still remain the same where nothing will change in terms of nature which will still refer to decentralization.
But by looking at the current conditions, I still feel that this could be a start where bitcoin in the future will begin to be recognized by the state which in the end they will certainly not make blunders, especially when bitcoin has begun to be recognized by many people,
In my country, the government accused cryptos of contributing to the loss or value of our currency. They now use this avenue to clamp down on diverse crypto platforms. Meanwhile, we all know that the reason for the fall of our currency is corruption and bad economic policies.
Don't forget their endless printing of paper money that debases the currency. Most countries have printed enormous amounts ever since the COVID-19 pandemic and they will still be doing it in the future. There is no COVID now, but you need fiat for the war machinery that doesn't sleep.I'm not sure where you read the trend of holding in centralized exchange is keep decreasing when the value of their hot wallet keep increasing, it's opposite with what you said.
It's a trend being reported often as time goes by. I have seen many news articles and tweets mentioning it. I don't keep track, of course. 
For people who say that its price will skyrocket, we already know that. The question would be until when it rise? Until what price? Because personally, I think at some point we will reach a time where bitcoin will no longer increase in price but at the same time it wouldn't decrease because it can still be used as a currency, and I think at the end bitcoin will be used as a payment method more than as an investment.
I would say your speculation doesn't make sense and it not gonna happen.Quote
There is only so much the government can do about bitcoin. They can control whether it's legal or illegal to use bitcoin but they can't do anything to prevent a transaction from being made.
Sure the government can't prevent a transaction from being made, but the government can add regulations to control the miners and ask them to censor certain transactions that they think related to high illicit funds. Now, your choice are either waiting for unknown miners to confirm your transactions or you become solo miner. 
Not to wonder that in a few years from now, the government will oversee the growth of bitcoin and try to regulate and control it. We now see that bitcoin is more on the investment side where people buy and sell to make a profit but this does not mean that it is heading away from its purpose, it is still heading to become a legal tender. It is just a need for the community to get proper knowledge of how it works and the trust and adoption will then continue. We can't tell how long it works out but I think we believe that it is not impossible to see bitcoin being accepted globally as an alternative currency. I know some people are just observing the situation and market direction, and probably waiting for the right time. Because the more we talk about bitcoin and spread good things about this, the more it attract users and investors.
El Salvador did not make bitcoin their only currency but one of their currency to exist together with their fiat.
Yeah, but most of the population in El Salvador do not use BTC, they don't even truly understand how it works, so many of them only downloaded the Chivo wallet to claim the $30 bonus attached to it, and afterwards they never used the wallet again or used BTC even in a different wallet. I may not call El Salvadors BTC plan a failure yet, but it is far from being a success and close to being a failure, so yeah. I think at some point we will reach a time where bitcoin will no longer increase in price but at the same time it wouldn't decrease because it can still be used as a currency, and I think at the end bitcoin will be used as a payment method more than as an investment.
Price will increase indefinitely because it's evaluated in FIAT which is printed without limit, the same way as Gold is increasing in value.
I'm sure we won't see 10x price increases in short period of time in the future (or even now) as marketcap will be too big for that.
As for being used as payment, if devs won't update the protocol for scalability then no, it won't.
Bitcoin will miss the biggest market of them all - being used as Money.
Seeing how things are today and for the past decade, the boat has already sailed away for that market.
We know where it was in 2009, where it is now (2024), but where is it going?
For people who say that its price will skyrocket, we already know that. The question would be until when it rise? Until what price? Because personally, I think at some point we will reach a time where bitcoin will no longer increase in price but at the same time it wouldn't decrease because it can still be used as a currency, and I think at the end bitcoin will be used as a payment method more than as an investment.Quote
Will it make everyone free? Will it be regulated and become government controlled?
All normal and crazy theories please
There is only so much the government can do about bitcoin. They can control whether it's legal or illegal to use bitcoin but they can't do anything to prevent a transaction from being made. All normal and crazy theories please
I will not outrightly call bitcoin a failure in El Salvador and using the information in the video you shared to conclude that bitcoin was a failure in El Salvador is a great error. The video simply detailed common inherent challenges militating against bitcoin which include high fees, delayed confirmation time due to network congestion sometimes, and the technical awareness required to use bitcoin. I still believe with time these challenges will be solved as it will not happen automatically.
You can't get better view on reality from simply asking people on street how they view it.
The challenges you have listed are a big problem and the solution has been there for years so why you still believe "with time" it will be solved ?
You can read my last two posts about it:
https://bitcointalksearch.org/topic/m.64197903
https://bitcointalksearch.org/topic/m.64201969
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