WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? - page 148.

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Quote from: eddyubachs on May 08, 2016, 04:21:34 AM

I don't think so especially in third world countries where people don't have access to internet will never know what bitcoin is and how to use it, existence of fiat will always there.

At some point even third world countries will get a somewhat stable data connection where they can interact with the outside world and even do payments.

I heard Google was planning to work on a project where they place several balloons high in the sky to provide people in third world countries with internet. If that really happens then they will surely benefit from Bitcoin.

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Quote from: FabioDelcatto on May 10, 2016, 11:20:28 AM

I dont think so that it will happen and that is because there are now still a lot of people that dont even know what Bitcoin is and how it works and that is the problem.
But maybe it will be also more worth and that many people are going to use it but you never know.

I experience that more and more of the people that I meet know what bitcoins are. And they are positive and open about it. Some really surprise me like the relatively old man that tells me that he told his capital manager to invest in bitcoins too. Cheesy

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Quote from: eddyubachs on May 08, 2016, 04:21:34 AM

I don't think so especially in third world countries where people don't have access to internet will never know what bitcoin is and how to use it, existence of fiat will always there.

Indeed, I'm also thinking this these people will never use the bitcoin in my opinion its just not possible to let them use it compared with other country's its possible.
I think the bitcoin also has a long journey to go to be honest.

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Quote from: Raimonn on March 30, 2016, 03:25:39 PM

In my opinion bitcoin will not be used for everyone, in any year. It could be a good money system accepted on lot of countries, but people doesn't want to have only one option.

Then, there's the altcoin Wink

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Quote from: btc-facebook on May 10, 2016, 12:20:16 PM

Quote from: FabioDelcatto on May 10, 2016, 11:20:28 AM

I dont think so that it will happen and that is because there are now still a lot of people that dont even know what Bitcoin is and how it works and that is the problem.
But maybe it will be also more worth and that many people are going to use it but you never know.

Well it just a matter of time. IMO bitcoin will be use more people in the future.
For now, as we know that Microsoft already use ETH for their project, it means that even big company already notice cryptocurrency existence !

Yes, we will see increase in customer base of bitcoin in future but expecting that each and everyone will be using bitcoin seems to be impossible as some of them will still prefer to use fiat currency.

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Quote from: btc-facebook on May 10, 2016, 12:20:16 PM

Quote from: FabioDelcatto on May 10, 2016, 11:20:28 AM

I dont think so that it will happen and that is because there are now still a lot of people that dont even know what Bitcoin is and how it works and that is the problem.
But maybe it will be also more worth and that many people are going to use it but you never know.

Well it just a matter of time. IMO bitcoin will be use more people in the future.
For now, as we know that Microsoft already use ETH for their project, it means that even big company already notice cryptocurrency existence !

Yeah, Microsoft and various Multinational Companies had shown interest and accepted the digital currency existence. The real fact is that this makes impact over the people who have some relation to those Companies. Others won't know till its been promoted by those Companies.

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If eveyone understand about Internet, it will happen but that is need more time than in 2022

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Quote from: FabioDelcatto on May 10, 2016, 11:20:28 AM

I dont think so that it will happen and that is because there are now still a lot of people that dont even know what Bitcoin is and how it works and that is the problem.
But maybe it will be also more worth and that many people are going to use it but you never know.

Well it just a matter of time. IMO bitcoin will be use more people in the future.
For now, as we know that Microsoft already use ETH for their project, it means that even big company already notice cryptocurrency existence !

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Quote from: FabioDelcatto on May 10, 2016, 11:20:28 AM

I dont think so that it will happen and that is because there are now still a lot of people that dont even know what Bitcoin is and how it works and that is the problem.
But maybe it will be also more worth and that many people are going to use it but you never know.

I also do not think it will happen, but I think bitcoin is approved in many countries and can be used as an alternative to money or means of transaction

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I dont think so that it will happen and that is because there are now still a lot of people that dont even know what Bitcoin is and how it works and that is the problem.
But maybe it will be also more worth and that many people are going to use it but you never know.

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Quote from: European Central Bank on May 08, 2016, 08:48:49 PM

Nope. That's only six years away. This shit is gonna take a long time for most people to come around to the idea. No one likes change very much and there's nothing scarier to most people than changing what they think about money, that's if they think about it at all.

As I am a believer in Bitcoin, I believe in that year almost everyone will be using bitcoins, the technology is very fast and most of the businesses nowadays adopt to technology for easy, fast, and secured transactions and bitcoins offers a lot of benefits in achieving their goals.

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Nope. That's only six years away. This shit is gonna take a long time for most people to come around to the idea. No one likes change very much and there's nothing scarier to most people than changing what they think about money, that's if they think about it at all.

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Quote from: eddyubachs on May 08, 2016, 04:21:34 AM

I don't think so especially in third world countries where people don't have access to the internet will never know what bitcoin is and how to use it, the existence of fiat will always there.

That might change in the future. Already many countries have access to a small supply of wifi. I think it is our responsibility to spread BTC around the world. If by 2022 no one knows about BTC we have no one to blame but ourselves.

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Quote from: justspare on May 08, 2016, 07:31:01 AM

There is really no way to tell whether people will be using Bitcoin at that time. I would think that some people will be using it and some wouldn't.

I agree with you. It may even be a reality that Bitcoin would become worthless like worth a few cents or completely die down. On the positive side, it may hit $1000. So it is very unpredictable.

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Quote from: blackmachinegun on May 08, 2016, 06:58:30 PM

Quote from: Natniadan on May 08, 2016, 04:13:57 AM

Even if 1% of the world population uses bitcoin or 70 million people in the world, the bitcoin price will be hundreds of times higher.

nope I do not think like that user will greatly affect the price of bitcoin. if the user is only 1%, then prices will fall very sharply because the user is not proportional to the number of bitcoin, and bitcoin demand is very small so the price will be very small

Wouldn't Bitcoin demand be higher as there is a larger population of people using it. That would mean that the price could increase. Not only this a greater population may increase the number of miners present and the price may increase.

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Quote from: rickadone on April 21, 2016, 02:48:18 PM

Quote from: martinacar on April 18, 2016, 04:54:58 PM

No I do not think it will used by everyone because there will still be other big currency's like the dollar that will be used more than the dollar.
This is not only the rule for the dollar but also for the euro, the bitcoin will maybe used a lot more but still not by everyone, from that we are still far away.

Yes, the supporter of dollar which is I think only USA will not leave dollar for their international use in order to give strength to their currency, the same will do Europeans, they are now in the struggle to make their currency No.1 , so they will not leave it for bitcoin easily.

They do not have to give up the dollar or any currency. Bitcoin can be used an alternative payment scheme and that is enough. As long as everybody knows and uses bitcoin, it is good. We can treat bitcoin as ankther currency and it does not need to shutdown other currencies.

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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 completely because banks and a lot of things will go out of the market.

Yeah, well the basic trend is that when the price increases the number of people using it would increase too. However, it is unlikely that nearly everyone would use BTC by 2022. Wink

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Quote from: Natniadan on May 08, 2016, 04:13:57 AM

Even if 1% of the world population uses bitcoin, or 70 million people in the world, the bitcoin price will be hundreds times higher.

nope I do not think like that users will greatly affect the price of bitcoin. if the user is only 1%, then prices will fall very sharply because the user is not proportional to the number of bitcoin, and bitcoin demand is very small so the price will be very small

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Quote from: Natniadan on May 08, 2016, 04:13:57 AM

Even if 1% of the world population uses bitcoin, or 70 million people in the world, the bitcoin price will be hundreds times higher.

The bitcoin price would be specifiially less volatile which would improve trust in bitcoin as a currency that holds value...

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I am optimistic about that, if we continue to spread the value of bitcoin in our life people will understand and there will be a massive adoption of it. It big merchants, financial institution will be convince to integrate bitcoins in their businesses also that would be a very positive sign plus in the future we have to go cashless.

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