I see it ran by a bank, What do you think?
i wish this would happened in the next 10 years and the government in my country legally formalize bitcoin as legal payment toolHope you're not from Russia
Topic: Where do you see bitcoin in 10 years - page 13. (Read 15852 times)
Hope you're not from Russia
Didn't satoshi himself say something along the lines of that bitcoin would either be mass adopted or bust within ten years? I think the same really though unless something else comes along even if the mainstream doesn't fully adopt bitcoin it will still have its use as an alternative or on the black market etc.
I see it ran by a bank, What do you think?
i wish this would happened in the next 10 years and the government in my country legally formalize bitcoin as legal payment tool
We’ll see another Bitcoin price bubble like we saw in 2013. The history of Bitcoin trading is a bubble, a correction, consolidation and another increase, It’s happened four times and it will happen again.
Bitcoin's 'history' has been shat all over in the last couple of years. Anyone basing decisions on what it did in the past is a silly sausage considering how different things are now and how rapidly things can change. All this stuff is still being made up as it goes along.
I agree with mr gentlemand here. I am on here all the time in speculation and I read pretty much everything. 2 things I've learned in the last 2 years.
Bulls have no clue on the future
Bears have no clue on the future
But, speculating is fun.
Could someone explain me why everyone is talking about bulls and bears ? I've already heard about whales but since yesterday morning I see these two everywhere ! What's next, the monkey ? Let's open a Bitcoin zoo
!Quote
The Bulls
A bull market is when everything in the economy is great, people are finding jobs, gross domestic product (GDP) is growing, and stocks are rising. Things are just plain rosy! Picking stocks during a bull market is easier because everything is going up. Bull markets cannot last forever though, and sometimes they can lead to dangerous situations if stocks become overvalued. If a person is optimistic and believes that stocks will go up, he or she is called a "bull" and is said to have a "bullish outlook".
The Bears
A bear market is when the economy is bad, recession is looming and stock prices are falling. Bear markets make it tough for investors to pick profitable stocks. One solution to this is to make money when stocks are falling using a technique called short selling. Another strategy is to wait on the sidelines until you feel that the bear market is nearing its end, only starting to buy in anticipation of a bull market. If a person is pessimistic, believing that stocks are going to drop, he or she is called a "bear" and said to have a "bearish outlook".
The Other Animals on the Farm - Chickens and Pigs
Chickens are afraid to lose anything. Their fear overrides their need to make profits and so they turn only to money-market securities or get out of the markets entirely. While it's true that you should never invest in something over which you lose sleep, you are also guaranteed never to see any return if you avoid the market completely and never take any risk,
Pigs are high-risk investors looking for the one big score in a short period of time. Pigs buy on hot tips and invest in companies without doing their due diligence. They get impatient, greedy, and emotional about their investments, and they are drawn to high-risk securities without putting in the proper time or money to learn about these investment vehicles. Professional traders love the pigs, as it's often from their losses that the bulls and bears reap their profits.
A bull market is when everything in the economy is great, people are finding jobs, gross domestic product (GDP) is growing, and stocks are rising. Things are just plain rosy! Picking stocks during a bull market is easier because everything is going up. Bull markets cannot last forever though, and sometimes they can lead to dangerous situations if stocks become overvalued. If a person is optimistic and believes that stocks will go up, he or she is called a "bull" and is said to have a "bullish outlook".
The Bears
A bear market is when the economy is bad, recession is looming and stock prices are falling. Bear markets make it tough for investors to pick profitable stocks. One solution to this is to make money when stocks are falling using a technique called short selling. Another strategy is to wait on the sidelines until you feel that the bear market is nearing its end, only starting to buy in anticipation of a bull market. If a person is pessimistic, believing that stocks are going to drop, he or she is called a "bear" and said to have a "bearish outlook".
The Other Animals on the Farm - Chickens and Pigs
Chickens are afraid to lose anything. Their fear overrides their need to make profits and so they turn only to money-market securities or get out of the markets entirely. While it's true that you should never invest in something over which you lose sleep, you are also guaranteed never to see any return if you avoid the market completely and never take any risk,
Pigs are high-risk investors looking for the one big score in a short period of time. Pigs buy on hot tips and invest in companies without doing their due diligence. They get impatient, greedy, and emotional about their investments, and they are drawn to high-risk securities without putting in the proper time or money to learn about these investment vehicles. Professional traders love the pigs, as it's often from their losses that the bulls and bears reap their profits.
http://www.investopedia.com/university/stocks/stocks7.asp
I'd say that in crypto-currencies trading we have all of those animals
. I've went for a few minutes on this site, and it seems interesting. Thank you for sharing it to us ! 
We’ll see another Bitcoin price bubble like we saw in 2013. The history of Bitcoin trading is a bubble, a correction, consolidation and another increase, It’s happened four times and it will happen again.
Bitcoin's 'history' has been shat all over in the last couple of years. Anyone basing decisions on what it did in the past is a silly sausage considering how different things are now and how rapidly things can change. All this stuff is still being made up as it goes along.
I agree with mr gentlemand here. I am on here all the time in speculation and I read pretty much everything. 2 things I've learned in the last 2 years.
Bulls have no clue on the future
Bears have no clue on the future
But, speculating is fun.
Could someone explain me why everyone is talking about bulls and bears ? I've already heard about whales but since yesterday morning I see these two everywhere ! What's next, the monkey ? Let's open a Bitcoin zoo
!Quote
The Bulls
A bull market is when everything in the economy is great, people are finding jobs, gross domestic product (GDP) is growing, and stocks are rising. Things are just plain rosy! Picking stocks during a bull market is easier because everything is going up. Bull markets cannot last forever though, and sometimes they can lead to dangerous situations if stocks become overvalued. If a person is optimistic and believes that stocks will go up, he or she is called a "bull" and is said to have a "bullish outlook".
The Bears
A bear market is when the economy is bad, recession is looming and stock prices are falling. Bear markets make it tough for investors to pick profitable stocks. One solution to this is to make money when stocks are falling using a technique called short selling. Another strategy is to wait on the sidelines until you feel that the bear market is nearing its end, only starting to buy in anticipation of a bull market. If a person is pessimistic, believing that stocks are going to drop, he or she is called a "bear" and said to have a "bearish outlook".
The Other Animals on the Farm - Chickens and Pigs
Chickens are afraid to lose anything. Their fear overrides their need to make profits and so they turn only to money-market securities or get out of the markets entirely. While it's true that you should never invest in something over which you lose sleep, you are also guaranteed never to see any return if you avoid the market completely and never take any risk,
Pigs are high-risk investors looking for the one big score in a short period of time. Pigs buy on hot tips and invest in companies without doing their due diligence. They get impatient, greedy, and emotional about their investments, and they are drawn to high-risk securities without putting in the proper time or money to learn about these investment vehicles. Professional traders love the pigs, as it's often from their losses that the bulls and bears reap their profits.
A bull market is when everything in the economy is great, people are finding jobs, gross domestic product (GDP) is growing, and stocks are rising. Things are just plain rosy! Picking stocks during a bull market is easier because everything is going up. Bull markets cannot last forever though, and sometimes they can lead to dangerous situations if stocks become overvalued. If a person is optimistic and believes that stocks will go up, he or she is called a "bull" and is said to have a "bullish outlook".
The Bears
A bear market is when the economy is bad, recession is looming and stock prices are falling. Bear markets make it tough for investors to pick profitable stocks. One solution to this is to make money when stocks are falling using a technique called short selling. Another strategy is to wait on the sidelines until you feel that the bear market is nearing its end, only starting to buy in anticipation of a bull market. If a person is pessimistic, believing that stocks are going to drop, he or she is called a "bear" and said to have a "bearish outlook".
The Other Animals on the Farm - Chickens and Pigs
Chickens are afraid to lose anything. Their fear overrides their need to make profits and so they turn only to money-market securities or get out of the markets entirely. While it's true that you should never invest in something over which you lose sleep, you are also guaranteed never to see any return if you avoid the market completely and never take any risk,
Pigs are high-risk investors looking for the one big score in a short period of time. Pigs buy on hot tips and invest in companies without doing their due diligence. They get impatient, greedy, and emotional about their investments, and they are drawn to high-risk securities without putting in the proper time or money to learn about these investment vehicles. Professional traders love the pigs, as it's often from their losses that the bulls and bears reap their profits.
http://www.investopedia.com/university/stocks/stocks7.asp
We’ll see another Bitcoin price bubble like we saw in 2013. The history of Bitcoin trading is a bubble, a correction, consolidation and another increase, It’s happened four times and it will happen again.
Bitcoin's 'history' has been shat all over in the last couple of years. Anyone basing decisions on what it did in the past is a silly sausage considering how different things are now and how rapidly things can change. All this stuff is still being made up as it goes along.
I agree with mr gentlemand here. I am on here all the time in speculation and I read pretty much everything. 2 things I've learned in the last 2 years.
Bulls have no clue on the future
Bears have no clue on the future
But, speculating is fun.
Could someone explain me why everyone is talking about bulls and bears ? I've already heard about whales but since yesterday morning I see these two everywhere ! What's next, the monkey ? Let's open a Bitcoin zoo
! 
We’ll see another Bitcoin price bubble like we saw in 2013. The history of Bitcoin trading is a bubble, a correction, consolidation and another increase, It’s happened four times and it will happen again.
Bitcoin's 'history' has been shat all over in the last couple of years. Anyone basing decisions on what it did in the past is a silly sausage considering how different things are now and how rapidly things can change. All this stuff is still being made up as it goes along.
I agree with mr gentlemand here. I am on here all the time in speculation and I read pretty much everything. 2 things I've learned in the last 2 years.
Bulls have no clue on the future
Bears have no clue on the future
But, speculating is fun.
We’ll see another Bitcoin price bubble like we saw in 2013. The history of Bitcoin trading is a bubble, a correction, consolidation and another increase, It’s happened four times and it will happen again.
Bitcoin's 'history' has been shat all over in the last couple of years. Anyone basing decisions on what it did in the past is a silly sausage considering how different things are now and how rapidly things can change. All this stuff is still being made up as it goes along.
We’ll see another Bitcoin price bubble like we saw in 2013. The history of Bitcoin trading is a bubble, a correction, consolidation and another increase, It’s happened four times and it will happen again.
don't think we'll see another bubble very soon. people simply buy because there seem to be genuine demand as the block halving is near.
We’ll see another Bitcoin price bubble like we saw in 2013. The history of Bitcoin trading is a bubble, a correction, consolidation and another increase, It’s happened four times and it will happen again.
I see it as legal and acceptable payment method to be used in lot of markets and countries.
And at skyrocketed price because of limited supply.
And at skyrocketed price because of limited supply.
I would love to walk into py-mart because by that time I plan to own a few businesses or more and spend bitcoin on everyday things.
Ah, understood. I'm still hopeful maximum block size will be increased before the heat death of the universe, but the participants in the debate do seem determined to prove me wrong!
I've never understood the Bitxoin XT thing. Maybe you could explain me ? Also can Bitcoin continue to grow without a block size increase ?
I'm afraid not
It's way above my head. My instinct is that Bitcoin will reach a point beyond which it can't grow without a block size increase, but I can't say that with any certainty. Erkallys, you don't think transaction fees will increase enough to compensate for the reduction in the block reward? (Gentlemand, you also seem sceptical - or at least not totally convinced. I've always taken it as a given, without giving it too much thought, that TX fees would be subject to market forces. I'd be interested in having my assumption challenged).
Maybe TX fees will cover the block reward diminution, but each block has a maximum capacity of transactions, so, in some time, Bitcoin will be stopped in his growth by his maximum block size ?
Ah, understood. I'm still hopeful maximum block size will be increased before the heat death of the universe, but the participants in the debate do seem determined to prove me wrong!
I've never understood the Bitxoin XT thing. Maybe you could explain me ? Also can Bitcoin continue to grow without a block size increase ?
Erkallys, you don't think transaction fees will increase enough to compensate for the reduction in the block reward? (Gentlemand, you also seem sceptical - or at least not totally convinced. I've always taken it as a given, without giving it too much thought, that TX fees would be subject to market forces. I'd be interested in having my assumption challenged).
Maybe TX fees will cover the block reward diminution, but each block has a maximum capacity of transactions, so, in some time, Bitcoin will be stopped in his growth by his maximum block size ?
Ah, understood. I'm still hopeful maximum block size will be increased before the heat death of the universe, but the participants in the debate do seem determined to prove me wrong!
Even Satoshi said it that either there will be a lot of transactions in about 10 years or very few transactions. This you can translate to either Bitcoin will be worth a lot or nothing and of course either Bitcoin will be used by many or by nobody.
So this is pretty much your answer OP. I don't see it being somewhere in the middle at all!
So this is pretty much your answer OP. I don't see it being somewhere in the middle at all!
Yepp that's it.Either this baby goes moon or higher, or it ends up in oblivion.Let's hope for the first one to happen!
He said 20 years, not 10.
If I follow you, when Bitcoin mining will become unenomic, Bitcoin will surely die ? In 2050 or 2060, when there will have not a lot of Bitcoin mined at each block, no one will mine it because everyone, even the one that have free electricity will lose money. But maybe people will mine just to make the Bitcoin network work, like some are already doing by running Bitcoin nodes.
There are miners out there with access to free electricity or very, very cheap electricity. Those will still be in profit just fine whereas other current players will have to throw in the towel unless they can find a similar set up. That's a tough thing to find.
Most assume that transaction fees will make up for the block reward in the far future. That makes sense if it catches on and succeeds and there are far more users than there are now. I think at present fees are often 0.2 BTC per block or less. If it doesn't then mining it will become increasingly thankless as the block reward diminishes further. There'd come a point where it's only mined for altruistic reasons which most people aren't going to consider.
In a really far futur, when the block reward will be less than 1 BTC, no one will profit, since the price of the ASIC will never be recovered, even with free electricity.
Erkallys, you don't think transaction fees will increase enough to compensate for the reduction in the block reward? (Gentlemand, you also seem sceptical - or at least not totally convinced. I've always taken it as a given, without giving it too much thought, that TX fees would be subject to market forces. I'd be interested in having my assumption challenged).
Maybe TX fees will cover the block reward diminution, but each block has a maximum capacity of transactions, so, in some time, Bitcoin will be stopped in his growth by his maximum block size ?
I think a country will use bitcoin only within 10 years later
There'll less miners, but more nodes than now. You can live with 1BTC only for 1 year in big country.
Also, everyone knows bitcoin & use bitcoin only for online payment
But, it's also possible that bitcoin is growing very slowly, so many bitcoiner got bored & left, then bitcoin dead
There'll less miners, but more nodes than now. You can live with 1BTC only for 1 year in big country.
Also, everyone knows bitcoin & use bitcoin only for online payment
But, it's also possible that bitcoin is growing very slowly, so many bitcoiner got bored & left, then bitcoin dead
Are these all the same answers?? ^^
Heh, I noticed that too! All from full members with usernames starting with an "N". Hmmm.
Those are bots that belong to a single entity. The names are name of champions in the game League of Legends.
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I mostly see bitcoin ATMs scattered in major cities all around the globe. Merchants selling goods in exchange of bitcoins would be evident too. The future is bright, and not that gloomy as some expect it to be.
I think by that time Bitcoin is being used more to store value and that there will be 1 global exchange that only has 1 orderbook. Just like the Nasdaq. Current exchanges will then only function as middle man making possible we're able to invest, but without the option to withdraw. Just like banks offer you to buy stocks.
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