WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? - page 143.

Altcoinsupporter

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Quote from: Kollor on May 23, 2016, 11:18:13 PM

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.

Actually even by 2020 IMO, many will be using bitcoin, but it doesn't guaranty that mostly will be using bitcoin, everyone would still prefer the currency in their country for convenience. Just like us, we are collecting bitcoin but we sill prefer to convert it to our local currency for ease of use. I'm afraid that institutions and businesses that uses bitcoin can't cope up with the increasing users in many countries, they might come later on.

That is not the case and that is because there are still a lot of people that does not even know what Bitcoin is and that is the problem of the Bitcoin and that have to change.
There are still a lot of people that is holding now and they think that they can earn some more money with it later in the future.

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Quote from: jak3 on May 24, 2016, 03:09:28 AM

yes bitcoin has that much reputation till now which can make peoples say this statement but without faints bitcoin can also losse its value and to control faints there will always be banks maybe bitcoin can make it difficult for faint to transact like nowdays maybe those days they will be like only aleans only some peoples will use it Grin

What's good with the bitcoins that it is slowly moving up, the price tells it all, it barely even move or if it move it does not really affect the market in a negative way. That's a sign that there are new players in the market want to use bitcoins in their daily transactions, I would say we have to thank the gambling for helping us on what the bitcoins has achieved now, and hopefully by 2022 even not almost at least majority of the population will adopt.

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yes bitcoin has that much reputation till now which can make peoples say this statement but without faints bitcoin can also losse its value and to control faints there will always be banks maybe bitcoin can make it difficult for faint to transact like nowdays maybe those days they will be like only aleans only some peoples will use it Grin

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I do not agree with the name of the theme. Well, maybe because I am a pessimist. 2022 is a very immediate future. In my opinion, here it is in the habits and the system. Generation still is, used to, but what's there! Not even everyone knows about the existence of Bitcoin. It should be replaced by a generation of people to gradually people learned about Bitcoin and become technically competent, as well as the need to restructure the financial system and economy.

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Quote from: Hatuferu on May 23, 2016, 11:06:05 PM

Quote from: jaysabi on May 23, 2016, 09:20:28 PM

Quote from: Hatuferu on May 22, 2016, 01:14:14 AM

Quote from: Kidsgarter on May 21, 2016, 02:28:39 PM

There are around 0.5 milllion users of the bitcoin at present. If it double every year, there will be 32 million users.

Glad to see you have that figure, but I am just curious because I am not really a mathematician or an analyst what would be the results or implications of the increasing number of users until 2022, I mean what would be the price then?

Doubling every year is asking for an awful lot, especially doubling every year for the next 6 straight years. There just aren't that many things that experience that level of growth for that prolonged of a period of time. And it would be dangerous to try and draw a correlation between number of users and price. There are far too many variables that affect price, and you have to magnify that by how quickly crypto changes and all the future unknowns that could disrupt Bitcoin. On the face of it, it seems safe to conclude that more users means a higher price, but regulations and competition from other cryptos could drastically alter such a simple premise in the next 6 years.

The possibility you are talking might happen because of the competition in the market, there are new coins that is coming our that has a good future but for now we can tell yet if they progress or not. If I am a consumer of a businessman I would prefer to use a coins that has been tested already through time and for me there is no other coins qualified on that except bitcoins.

better I think about bitcoin now good run but what happen in future don,t know anybody but only hop same like going in bitcoin price may be will bitcoin be used by almost everyone in 2022.

Kollor

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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.

Actually even by 2020 IMO, many will be using bitcoin, but it doesn't guaranty that mostly will be using bitcoin, everyone would still prefer the currency in their country for convenience. Just like us, we are collecting bitcoin but we sill prefer to convert it to our local currency for ease of use. I'm afraid that institutions and businesses that uses bitcoin can't cope up with the increasing users in many countries, they might come later on.

thesame12

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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.

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Quote from: jaysabi on May 23, 2016, 09:20:28 PM

Quote from: Hatuferu on May 22, 2016, 01:14:14 AM

Quote from: Kidsgarter on May 21, 2016, 02:28:39 PM

There are around 0.5 milllion users of the bitcoin at present. If it double every year, there will be 32 million users.

Glad to see you have that figure, but I am just curious because I am not really a mathematician or an analyst what would be the results or implications of the increasing number of users until 2022, I mean what would be the price then?

Doubling every year is asking for an awful lot, especially doubling every year for the next 6 straight years. There just aren't that many things that experience that level of growth for that prolonged of a period of time. And it would be dangerous to try and draw a correlation between number of users and price. There are far too many variables that affect price, and you have to magnify that by how quickly crypto changes and all the future unknowns that could disrupt Bitcoin. On the face of it, it seems safe to conclude that more users means a higher price, but regulations and competition from other cryptos could drastically alter such a simple premise in the next 6 years.

The possibility you are talking might happen because of the competition in the market, there are new coins that is coming our that has a good future but for now we can tell yet if they progress or not. If I am a consumer of a businessman I would prefer to use a coins that has been tested already through time and for me there is no other coins qualified on that except bitcoins.

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Quote from: Hatuferu on May 22, 2016, 01:14:14 AM

Quote from: Kidsgarter on May 21, 2016, 02:28:39 PM

There are around 0.5 milllion users of the bitcoin at present. If it double every year, there will be 32 million users.

Glad to see you have that figure, but I am just curious because I am not really a mathematician or an analyst what would be the results or implications of the increasing number of users until 2022, I mean what would be the price then?

Doubling every year is asking for an awful lot, especially doubling every year for the next 6 straight years. There just aren't that many things that experience that level of growth for that prolonged of a period of time. And it would be dangerous to try and draw a correlation between number of users and price. There are far too many variables that affect price, and you have to magnify that by how quickly crypto changes and all the future unknowns that could disrupt Bitcoin. On the face of it, it seems safe to conclude that more users means a higher price, but regulations and competition from other cryptos could drastically alter such a simple premise in the next 6 years.

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Quote from: Lokfar on May 23, 2016, 10:57:26 AM

No I dont think so that it will used by everyone because there are still a lot of people that is waiting for a higher value and that is nice but you have to know that there will be more people that is using it.
But there are still a lot of people that is using their own payment method.

Yeah people are holding on to there Bitcoins and they have no intention on spending them or selling them for the price that is currently standing. It depends on what the price is in the future and what we are able to buy with Bitcoins by then.

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No I dont think so that it will used by everyone because there are still a lot of people that is waiting for a higher value and that is nice but you have to know that there will be more people that is using it.
But there are still a lot of people that is using their own payment method.

bitlancr

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I do not think it will be used by a lot of people in 2022 but of course we will see if this is really gonna happen.
Its just a matter of time before we gonna know this.

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Quote from: Hatuferu on May 22, 2016, 10:22:50 PM

Quote from: umaOuma on May 22, 2016, 01:33:54 PM

Even at that time we will be having limited users as till date very few users are aware about bitcoin and it will go higher in coming months.

As long as we are positive that it will happen, it will really happen. I can see now base on the reaction of the price that the demand in bitcoins is steadily increasing, this is also with the help of many gambling sites today.

There are many people who are using or buying bitcoin only for gambling purposes, as its very easy and convenient to gamble with coins, and once the real gamblers will come to know about it in future they will surely start using bitcoin too.

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Yeah bitcoin will use by by almost every one in the world, because so many people in the world already using whoever know about it investing with bitcoins, so far from today 2022 it is 6 more years so hopefully we can say with in this period it will use every one.

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Quote from: umaOuma on May 22, 2016, 01:33:54 PM

Even at that time we will be having limited users as till date very few users are aware about bitcoin and it will go higher in coming months.

As long as we are positive that it will happen, it will really happen. I can see now base on the reaction of the price that the demand in bitcoins is steadily increasing, this is also with the help of many gambling sites today.

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Even at that time we will be having limited users as till date very few users are aware about bitcoin and it will go higher in coming months.

Hadirezaei

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It's mostly possible that an evolution of digit money will happen maybe bitcoin win this challenge of digit monegy

silentkiller

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Absolutely no,bitcoin will only be use by us who knew bitcoin on its early stage,some people will not even try to use btc cause they have no idea what is it..and they dont have the time to research what is bitcoin.

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Quote from: silentkiller on May 22, 2016, 09:35:42 AM

as long as people adopted it like real money then it is possible that bitcoin will be used by everyone on the near future.

Well honestly bitcoin was adopted truly a real money.

It's just that other people doesn't really the full services of bitcoin because of one country's limitation.

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Quote from: silentkiller on May 22, 2016, 09:35:42 AM

as long as people adopted it like real money then it is possible that bitcoin will be used by everyone on the near future.

Yeah but before that they should also be made aware about bitcoin then only we can expect that will start using it in near future.

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