WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? - page 39.

coinfinger

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Quote from: dmamigo on October 28, 2017, 04:03:05 PM

Quote from: HasHe on October 28, 2017, 02:45:36 PM

No,bitcoin is still unknown to majority of people world wide.Most countries have not yet legalized it.Some countries even try to ban it.Most retailers don't accept it due to its high volatile nature.Also,people in under developed countries where internet is not widely available don't get access to bitcoin.

So,by 2022,bitcoin users may even triple or more,but it would not be used by every one and it would take a very long time to happen.

Most retailers won't probably accept it until and unless the whole market structure accepts Bitcoin, or else the high volatility will affect them.
And rural countries will take long enough time to adopt this new technology.

Recently strict rules and banning of exchanges in specific countries is further delaying the process of worldwide adoption.

Hope for the best. People are searching easy methods to earn money and bitcoin is providing a good opportunity at the moment. With time countries will realize that bitcoin may help them to strengthen their economy and reduce unemployment. It is possible that till 2022 almost the whole world will be familiar to bitcoin.

KennyR

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Such a large scale spreading or awareness about bitcoin won't be possible that earlier. Bitcoin needs to travel long to get such a bigger awareness. Even now the difficulty that bitcoin experience is the negative spreading. Due to the scams that take place in the name of bitcoin, people indicate it the negative manner. Possibilities were very low for such a usage by 2022.

Manadhnis

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Yes bitcoin will be used by the most of us not everyone because it is used by a total of 4% of the population right now and i do not think that after 4 years that number can be 100% that would be magic and not reliable.

lordquanta

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Quote from: cehh01 on October 28, 2017, 10:25:25 AM

Almost everyone I talk to these days has at least heard of bitcoin its a good sign that in the next 4 years the majority of the world will be aware of bitcoin and its life changing ways.

That is because the recent attacks from the ransomware which were asking for ransom in bitcoin. That gave bitcoin mainstream news media coverage and at same time somewhat negative publicity as well. Some have perceived bitcoin as currency used by bad people. Just like Western news media gave reputation to the ak-47, ak-51 as weapon of choice for terrorist, bitcoin is being associated as currency for hackers, crackers.
Anyway good or bad laymen were introduced to the concept of bitcoin at least. As far as bitcoin being used by almost everyone by 2022 is a real long shot with a big fat chance.

Kyon

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Quote from: eekkaa on October 30, 2017, 04:20:39 AM

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.

I think if everyone already knows how the transaction process and how to get bitcoin maybe everyone will use it and legalize in the coming year because if all does not change into digital currency then the manufacture of paper money that needs wood will spend the forest land on this earth .

I think it's not easy. Although you know about Bitcoin or you have some Bitcoin but it doesn't mean you can use it cause Bitcoin is not legalized worldwide moreover there are some countries banned bitcoin already so people whom living in these countries can't use Bitcoin although they have or know about it. To legalize Bitcoin is not an easily process cause it's really hard to control to avoid someone will take advatage of Bitcoin disadvantage to do bad thing but I think to make countries banned Bitcoin already unban is the most difficult.

eekkaa

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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.

I think if everyone already knows how the transaction process and how to get bitcoin maybe everyone will use it and legalize in the coming year because if all does not change into digital currency then the manufacture of paper money that needs wood will spend the forest land on this earth .

sheenshane

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We cannot predict what will happen by year 2022 but its impossible that happen by that year as of now many countries start legalized bitcoin how much ore on that year. Here our country bitcoin was already recognized by the central bank of the Philippines as a one online payment from now on maybe this bitcoin which a bridge of all people to pay across the world.

Rufsilf

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2022 might be the start for bitcoin to get accepted by everyone because right now, almost all the people in our country is getting into bitcoin and they are so greedy and excited to purchase bitcoin because they know already that the time will come and bitcoin will be known as a good currency and become accepted everywhere.

dmitriisavelevich

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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 will never happen, confirmation of the prohibitions in several countries, and some are still introducing their own crypto currency. Believe me, the crisis will not win the established economy of the country, it is impossible and will lead to a complete collapse of the country's economy, which the government understands well.

DIMKAZDS

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Quote from: athanz88 on October 28, 2017, 02:33:18 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.

It is so hard to change the fiat system, im really sure of that. Okay, bitcoin is stronger each day, but to change and replace the fiat system, i guess it won't. You don't need to believe and accept all of the expert says, i know this is a word you heard or read from news from that person, i kinda forgot the name. Even though there are already country that accepts bitcoin as a legal payment, some others banned it. Some people knows bitcoin well, some others doens even heard of bitcoin. But fiat system, every country uses it, every person knows and uses it, and with it we measure the amount or price of products or things in this world. So, to change a fiat system,it is unlikely, but if you talk about will bitcoin be used by everyone by 2022, it has a chance, because like i said, bitcoin is growing more and more, so there is a chance that bitcoin will be used by people along side the fiat system. That is what i thought.

No 2022 is too early to say this.Many nations still have not legalised bitcoin.Many people still do not know about bitcoin and cryptocurrencies.In many places there is no access to internet and many people in the world are still illiterate.They even don't have any basic knowledge about internet and cryptocurrencies.Since bitcoin is not regulated by any central bank or any institution,people are afraid to use it and invest in it.Many people still depend on fiat money for their day to day transactions.

Senja Kemuning

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Quote from: meanwords on October 29, 2017, 10:40:56 PM

2022? Nope. 5 years is not enough I think. The world is still run by a corrupt system so those in charge won't allow something that they can't control. Maybe I'll get famous enough so that its price will go up.

Yes I agree, it takes a long time to be used globally, we can take the example of EURO currency unification, it took more than 10 years for socialization, currently bitcoin users are not more than 1% and 5 more years may be around 5% of world population.

meanwords

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2022? Nope. 5 years is not enough I think. The world is still run by a corrupt system so those in charge won't allow something that they can't control. Maybe I'll get famous enough so that its price will go up.

PuraPuraBego

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Quote from: dmamigo on October 28, 2017, 04:03:05 PM

Quote from: HasHe on October 28, 2017, 02:45:36 PM

No,bitcoin is still unknown to majority of people world wide.Most countries have not yet legalized it.Some countries even try to ban it.Most retailers don't accept it due to its high volatile nature.Also,people in under developed countries where internet is not widely available don't get access to bitcoin.

So,by 2022,bitcoin users may even triple or more,but it would not be used by every one and it would take a very long time to happen.

Most retailers won't probably accept it until and unless the whole market structure accepts Bitcoin, or else the high volatility will affect them.
And rural countries will take long enough time to adopt this new technology.

Recently strict rules and banning of exchanges in specific countries is further delaying the process of worldwide adoption.

The Big reason why a few country can't able admit or ready to adopt technology of blockchain, 'cause character of bitcoin's will not fullly support activities exists within a country. I'm not sure on future bitcoins will be adopted by worldwide.

dmamigo

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Quote from: HasHe on October 28, 2017, 02:45:36 PM

No,bitcoin is still unknown to majority of people world wide.Most countries have not yet legalized it.Some countries even try to ban it.Most retailers don't accept it due to its high volatile nature.Also,people in under developed countries where internet is not widely available don't get access to bitcoin.

So,by 2022,bitcoin users may even triple or more,but it would not be used by every one and it would take a very long time to happen.

Most retailers won't probably accept it until and unless the whole market structure accepts Bitcoin, or else the high volatility will affect them.
And rural countries will take long enough time to adopt this new technology.

Recently strict rules and banning of exchanges in specific countries is further delaying the process of worldwide adoption.

HasHe

hero member

Activity: 952

Merit: 500

No,bitcoin is still unknown to majority of people world wide.Most countries have not yet legalized it.Some countries even try to ban it.Most retailers don't accept it due to its high volatile nature.Also,people in under developed countries where internet is not widely available don't get access to bitcoin.

So,by 2022,bitcoin users may even triple or more,but it would not be used by every one and it would take a very long time to happen.

athanz88

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Activity: 476

Merit: 359

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.

It is so hard to change the fiat system, im really sure of that. Okay, bitcoin is stronger each day, but to change and replace the fiat system, i guess it won't. You don't need to believe and accept all of the expert says, i know this is a word you heard or read from news from that person, i kinda forgot the name. Even though there are already country that accepts bitcoin as a legal payment, some others banned it. Some people knows bitcoin well, some others doens even heard of bitcoin. But fiat system, every country uses it, every person knows and uses it, and with it we measure the amount or price of products or things in this world. So, to change a fiat system,it is unlikely, but if you talk about will bitcoin be used by everyone by 2022, it has a chance, because like i said, bitcoin is growing more and more, so there is a chance that bitcoin will be used by people along side the fiat system. That is what i thought.

chukaday

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If almost everybody is 75%+ then the answer to your question is 100% no. Quite simply all those people wont even have access to the internet. Lets make the assumption that 75% of people do have internet now but still

not everybody who has internet is going to buy bitcoin right away and automatically. Lastly if you add in the fact that some people have 10+ bitcoins and will never relinquish them or under extreme circumstances I say no

chance almost everybody has bitcoin in 2022. Maybe 2042 when people are looking to sell assets and everybody is connected by internet (assumptions made) then we might have most people using bitcoin and bitcoin may

even be a worldwide currency by then who knows.

gunhell16

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i dont think so ! maybe bitcoin will be the primary money for that time and fiat are just centavo of bitcoin or will be use as satoshi Cheesy

every year that gone bitcoin is comming more into everyone's life !

flower1024

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Quote from: cindygirl on October 28, 2017, 10:34:16 AM

I think bitcoin adoption will certainly grow but I don't see it ever really surpassing about 50% population usage, other cryptos can also grow and I think by 2022 we may find that a large majority of the population are using some crypto.

Yup this could be possible, now already bitcoin become a famous by increasing a huge price in a short time. This price is impressing and making new people to come to this bitcoin world. As you said in 2022, i think most of the people around the world start to use bitcoins.

musharaf

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I think yes the major population of the world will use bitcoin in the year 2022 because the environment is good for the new investor and they are rapidly buying these coins for the sake of good return. Bitcoin is providing them the desired return and the most of the people are earning this they involved in online casinos betting and many other activities some of them are doing sale and purchase through bitcoin.

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