WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? - page 130.

arseaboy

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Quote from: Asnatin on August 04, 2016, 06:29:33 AM

Quote from: Superbitzz on August 01, 2016, 12:45:21 PM

Quote from: Alubert on August 01, 2016, 04:08:48 AM

I think no more than 5 million people in the world will use the bitcoin regularly in 2022. The block size is too small.

hope that in 2020 only in Pakistan more than 5 million people will be using bitcoin, the ration of entering the people in the world of bitcoin is so high, more that 20 million people will be using it in China, and what to say about Japan India Russia and so many other countries, therefore i can aspect that the user of bitcoin in 2022 will be in trillion,

If there are more than 5 million people in the whole world use the bitcoin in 2020, that will be excellent.

people awareness will grow because of bitcoin popularity so i think 5 million people will not be impossible after 6 years.

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Quote from: Superbitzz on August 01, 2016, 12:45:21 PM

Quote from: Alubert on August 01, 2016, 04:08:48 AM

I think no more than 5 million people in the world will use the bitcoin regularly in 2022. The block size is too small.

hope that in 2020 only in Pakistan more than 5 million people will be using bitcoin, the ration of entering the people in the world of bitcoin is so high, more that 20 million people will be using it in China, and what to say about Japan India Russia and so many other countries, therefore i can aspect that the user of bitcoin in 2022 will be in trillion,

If there are more than 5 million people in the whole world use the bitcoin in 2020, that will be excellent.

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Quote from: Alubert on August 01, 2016, 04:08:48 AM

I think no more than 5 million people in the world will use the bitcoin regularly in 2022. The block size is too small.

hope that in 2020 only in Pakistan more than 5 million people will be using bitcoin, the ration of entering the people in the world of bitcoin is so high, more that 20 million people will be using it in China, and what to say about Japan India Russia and so many other countries, therefore i can aspect that the user of bitcoin in 2022 will be in trillion,

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Quote from: hasiramasenju on March 30, 2016, 01:13:40 PM

Quote from: Endikadija on March 30, 2016, 12:48:50 PM

It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.

bitcoin will not destroy the fiat also bank will still exist because government always be supported bank although bitcoin will more popular i don't think bitcoin will conquer the world by destroy fiat and banks because government won't let it happen

I think so. government will not let us destroy fiat and bank by bitcoin. probably goverment will accept bitcoin as legal currency like Japan did. and if this would happen, some stuff or systems would change.

but not all government will accept bitcoin like Japan did. IMO

Alubert

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I think no more than 5 million people in the world will use the bitcoin regularly in 2022. The block size is too small.

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Quote from: thesame12 on May 23, 2016, 11:10:47 PM

I think that bitcoin will be in used in 2022. The thing is, there's no way to be certain that bitcoin will be used by almost everyone in 2022.

And also, add the possibility that, will bitcoin still alive at 2022 ? What if bitcoin is now on the lowest currency when 2022 arrives ? Do you still think bitcoin is always on the top ? How about another cryptocurrency replaces bitcoin place ? There is no permanent in this world and we know that bitcoin is such a big profit if you hold it very carefully. But the problem is maybe, if all the blocks has been mined, there is no possibility that bitcoin will be dumped if that will happen.

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Quote from: blackmachinegun on July 31, 2016, 10:30:35 PM

Quote from: silentkiller on July 30, 2016, 05:41:51 AM

Not almost everyone but merely 98% is using bitcoin on that year.because in this era we are living technology is rising,and by the help of this bitcoin will be more popular in every year that will past.

I think that's too much. the current bitcoin users may not be more than 2% of world population. if the user bitcoin is big enough today. maybe now you can see many traders around you who will accept bitcoin? but the reality is not. bitcoin users still quite a bit and you can see the very rare people who accept bitcoin

It will depend on how people talk it by mouth and spread the words about bitcoin and also depneds on organisation,media and big businesses if they will accept bitcoins and advertise it on general public well in that case bitcoin would provably be used by majority of public in year 2020,

But if this current state for bitcoin will be implemented? Well i dont think it will be happening since their are various countries banned bitcoin for their usage since they know bitcoin in illegal ways.

Dudeperfect

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I don’t think bitcoin will destroy fiat. In 2022 almost major large of transactions would take place using digital wallets (I’m not saying bitcoin wallet), and we might see some major players like paypal, amazon would allow payments in bitcoin so definitely bitcoin will be in mainstream factor in global economy but it won’t destroy fiat neither will create threat for it if we are talking about period of next 10 years.

Yes the basic traditional way of transaction (i.e - cash) will slow down and people will start using digital payments but it would be overrating if I say, everyone would be using just bitcoins.

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Quote from: silentkiller on July 30, 2016, 05:41:51 AM

Not almost everyone but merely 98% is using bitcoin on that year.because in this era we are living technology is rising,and by the help of this bitcoin will be more popular in every year that will past.

I think that's too much. the current bitcoin users may not be more than 2% of world population. if the user bitcoin is big enough today. maybe now you can see many traders around you who will accept bitcoin? but the reality is not. bitcoin users still quite a bit and you can see the very rare people who accept bitcoin

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Quote from: Loganota on July 31, 2016, 10:03:22 PM

One thing that I find it difficult to accept the bitcoin is the delay in the first confirmation, okay, are only 10 minutes but for small transactions made on the day it is a long time. Unfortunately we have this problem. And besides, some people are afraid to buy online, some people have problems with technology and think it will not be overcome in 6 years.

The technology is actually great and people will only have a problem when they do not understand how bitcoin work, transacting online is one of the benefits you can get in bitcoin as the it is the most transparent transaction that you can automatically check after sending your payment.

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One thing that I find it difficult to accept the bitcoin is the delay in the first confirmation, okay, are only 10 minutes but for small transactions made on the day it is a long time. Unfortunately we have this problem. And besides, some people are afraid to buy online, some people have problems with technology and think it will not be overcome in 6 years.

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Quote from: Pattart on July 31, 2016, 07:18:12 PM

Quote from: wintermeasures on July 30, 2016, 06:13:36 AM

I think Bro it is possible that Bitcoin can be Used by Everyone in 2022 but It is Possible only then the people using Bitcoin now they can Promote Bitcoin to Newbies and explain the power of Bitcoin to them.

yeah agree. it would be possible if each user make promotion to their friends or relatives. and it happens every single month. you just need to invite one person and so on I'm sure in a few years time bitcoin users already spans the globe. but users are reluctant to promotions bitcoin

I am pretty sure that would help even with a little contribution to the bitcoin economy as a whole, we need people awareness about this thing so that they will not be used to conventional ways of sending and receiving their money which is very costly on the part of the sender.

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Quote from: wintermeasures on July 30, 2016, 06:13:36 AM

I think Bro it is possible that Bitcoin can be Used by Everyone in 2022 but It is Possible only then the people using Bitcoin now they can Promote Bitcoin to Newbies and explain the power of Bitcoin to them.

yeah agree. it would be possible if each user make promotion to their friends or relatives. and it happens every single month. you just need to invite one person and so on I'm sure in a few years time bitcoin users already spans the globe. but users are reluctant to promotions bitcoin

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Bitcoin has very low utility, and it's not a suitable replacement for money. If 25% of the world population has any bitcoin at all by 2022 I'd be surprised. As for using it in daily transactions, I'd put that at the slimmest of slim possibilities.

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Quote from: wintermeasures on July 30, 2016, 06:13:36 AM

I think Bro it is possible that Bitcoin can be Used by Everyone in 2022 but It is Possible only then the people using Bitcoin now they can Promote Bitcoin to Newbies and explain the power of Bitcoin to them.

i am not agree with you, i do not think that it will be possible that after 6 or 7 years all the people will be able to use bitcoin are they will be using bitcoin, because for using bitcoin one must have good knowledge or skill of computer and internet, but i can tell you that in my country there are will only 2 percent of people who can be use computer other wise most of the people cannot use internet. in my country the literacy rate is also very low, then how can the old people who are not even education can use bitcoin, i think it needs generations when all the people of the world will be using bitcoin.

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Quote from: silentkiller on July 30, 2016, 05:41:51 AM

Not almost everyone but merely 98% is using bitcoin on that year.because in this era we are living technology is rising,and by the help of this bitcoin will be more popular in every year that will past.

Lol I do not think it would be that high. The world population reached 3 billion people over while you can see just a little bit bitcoin users in each country. how is it possible within 6 years bitcoin users can rise 100-fold? I think it is impossible. because deployment bitcoin can be fairly slow

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Quote from: Mr. Big on July 31, 2016, 03:30:56 AM

Quote from: target on July 31, 2016, 01:32:41 AM

Bitcoin won't be used by everyone not until our generation gets to be a hundred years old. That means we'd all be dead when that happens and even so people will still prefer to use fiat. Can't take that away from them, its their freedom as well

That's true, even after more than year 2022, not all will be using bitcoin.. Not all the people in the world are techy, and not all like making a transaction online and many are afraid to invest to something new.. Older generations will I guess would prefer to use their fiat than converting it to bitcoin..

We don't need the whole world in order to be successful, as long as a good number of people are adopting bitcoins this will prosper and will give benefits for the users and the investors also.

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Quote from: target on July 31, 2016, 01:32:41 AM

Bitcoin won't be used by everyone not until our generation gets to be a hundred years old. That means we'd all be dead when that happens and even so people will still prefer to use fiat. Can't take that away from them, its their freedom as well

That's true, even after more than year 2022, not all will be using bitcoin.. Not all the people in the world are techy, and not all like making a transaction online and many are afraid to invest to something new.. Older generations will I guess would prefer to use their fiat than converting it to bitcoin..

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Quote from: Endikadija on March 30, 2016, 12:48:50 PM

It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.

This is possible or impossible no one can say because no one knows but I believe that if this is to be achieved, then the input of government input cannot be overemphasized as this will give legitimacy and a form of stability to the currency because that will go a long way in increasing the trust in the currency then if it is not fully in 2022 then we are on the right track to achieving that... My 2 cents...

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Quote from: silentkiller on July 30, 2016, 05:41:51 AM

Not almost everyone but merely 98% is using bitcoin on that year.because in this era we are living technology is rising,and by the help of this bitcoin will be more popular in every year that will past.

That is a pretty high percentage. Before everybody can use Bitcoins we need to get everyone connected to the internet and be comfortable with using Computres. For the developed world 98% might be a good guess but not for poor countries.

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