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Topic: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? - page 51. (Read 169509 times)

legendary
Activity: 1876
Merit: 1000
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 believe not. It will no destroy the fiat system but rather aid it. They will both need to coexist together in order to bring prosperity and for the industries to continue running while creating new industries and opportunities.
legendary
Activity: 1092
Merit: 1000
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 also believe that bitcoin will be used in 2022 by everyone but the other part of statement is not correct, as banks can not go out of market, they are the most important tier of the economy of a country. The banks are the issuer of loans to the people of a country and they help the economy to grow they create money without actually increasing the money supply by the money of depositors, so they have a very important role in the market and will be present for a long long time.
sr. member
Activity: 317
Merit: 250

Very well said! I think it is not quite possible that everyone just start using Bitcoin and that too in such a short time period. Still there are so many who are unaware of this concept of digital currency.

It will take quite long time for everyone to know about this thing. Yes, there are very much chances that number of investors will definitely increase by 2022.

I don't think the problem here is the "small" time window until 2022. Bitcoin is being talked all over the world now, so people are getting aware. The problem is that bitcoin is following the path of investment and not "common currency". The fees are just to high for common use right now. We are seeing merchants withdrawing from bitcoin and not getting into it, simply because it's to expensive to maintain a business like that, when they can do the same with paypal for example.
I'm sure investors will continue to come, because the use of bitcoin as "gold" is getting popular though. If the time of transactions is solved, and the fees drop, then we will a lot of people using BTC in 2022.
Yes Bitcoins will be definitely used by almost everyone in year 2022 because now a days Bitcoins are getting more and more popularity just because of its unstoppable increasing price there for in 100% sure that BTC will be used by everyone in year 2022.
2Future cannot be predicted but due to its growing demand there is a possibility that bitcoin can be used by almost everyone by 2022.Bitcoin gives huge payments but we should have patience for this.It is the fastest growing cryptocurrency today.
sr. member
Activity: 434
Merit: 250
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I think that there is not enough time to provide every inhabitant of the planet with the Internet to use bitcoin. In poor countries, the country's economy is very bad and it takes at least 10 years to implement the crypto currency.
sr. member
Activity: 2534
Merit: 332
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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 in 2022 bitcoin will be well known and centralized as for trading goods and services around the world. It's the future of our market. And this serves as the best and easy digital money we can used with the other coins that develop. This will be the future into cashless society.
Nope I don’t think so that it will be used by 2022. It will take some time for cryptos to be used by all over the world. Secondly it is impossible that everyone will be using bitcoins or cryptos because people still got questions about insurance of bitcoins at the time of crisis or who will be responsible for it.
There would really be still lots of question on most people who didnt even knew about bitcoin.Progress and adoption is on the move but same as you said it would really takes time and cant really be considered to fully adopt on year 2022.5 years from now is too short  to see such thing to happen on where most people would use bitcoin i would rather bet that there would be new e-currency which is centralized by government and i dont think that they would decide to adopt cryptos and they would rather create on their own.For now we should cherish on the experience we are commiting on bitcoin as of now.
hero member
Activity: 840
Merit: 516
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 in 2022 bitcoin will be well known and centralized as for trading goods and services around the world. It's the future of our market. And this serves as the best and easy digital money we can used with the other coins that develop. This will be the future into cashless society.
Nope I don’t think so that it will be used by 2022. It will take some time for cryptos to be used by all over the world. Secondly it is impossible that everyone will be using bitcoins or cryptos because people still got questions about insurance of bitcoins at the time of crisis or who will be responsible for it.
sr. member
Activity: 1236
Merit: 252
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 many people interested to use Bitcoin everyday, in fact every now and then have additional users, they're hoping to have an additional income for the future of family and they immediately made an account to make an investment of bitcoin, however while they are continue using it and enjoying the strategy of investment and then eventually they discovered the lack of securities of their account, so the people uncomfortable of that situation and it might be the grounds of the other people quit. I think it can't happen for 2022 are almost everyone using Bitcoin

* Bitcoin is not in position or power to destroy the banking system at least in near future. Period.
* As mentioned earlier a commodity which bitcoin has become is not harm banking which deals with currency. However bitcoin has potential to do so. That potentials is yet to be tapped correctly.
* Majority of people are using bitcoin for storing and not for purchase. The transaction happening against actual purchase is still low.

* Majority in community are not addressing elephant in the root. that is amount of energy footprint in mining bitcoins.
Yes I agree bitcoin will rock in 2022 because now a days it’s to his peak and this achievement bitcoin get in a short time and now day’s most of the countries have also accepted bitcoin so in 2022 the rest of countries will also accept bitcoin which can give more strength and power to bitcoin.
legendary
Activity: 1232
Merit: 1029
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 many people interested to use Bitcoin everyday, in fact every now and then have additional users, they're hoping to have an additional income for the future of family and they immediately made an account to make an investment of bitcoin, however while they are continue using it and enjoying the strategy of investment and then eventually they discovered the lack of securities of their account, so the people uncomfortable of that situation and it might be the grounds of the other people quit. I think it can't happen for 2022 are almost everyone using Bitcoin

* Bitcoin is not in position or power to destroy the banking system at least in near future. Period.
* As mentioned earlier a commodity which bitcoin has become is not harm banking which deals with currency. However bitcoin has potential to do so. That potentials is yet to be tapped correctly.
* Majority of people are using bitcoin for storing and not for purchase. The transaction happening against actual purchase is still low.

* Majority in community are not addressing elephant in the root. that is amount of energy footprint in mining bitcoins.
I remember discussing with my parents about bitcoin. After the merry go round and all the explanations, the last thing was we will send you some cash to help us just buy some on our behalf.

Some of these folks apparently see technology as stress and you won't really blame them since their brain can no longer assimilate that much all the things we can easily assimilate now. 2022 is such a short time for huge adoption and until the whole old generation passes, we should not even think 50% yet.
legendary
Activity: 2436
Merit: 1232
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Well I don't think so that by 2022 almost everyone would use bitcoins as  bitcoins are still in kind of developing stage and there are many people who don't even know about bitcoins.Also that many countries haven't yet legalised bitcoins so first if all the countries had legalised bitcoins by 2020 then it maybe possible that everyone would use bitcoins even then the chances will be low as people would think bitcoins as only an investment because of its volatile nature, also that bitcoins are not suitable for small transactions because of the transactions fees around $4 to $5.
For me it depends because the bitcoin users as of now are less than 1% of the world population so I think by 2020 it is not "all" But I think the most of people have gadgets and internet can access or rather using the bitcoin. But not all maybe 10 years more for all people have gadgets and internet to access it.
sr. member
Activity: 392
Merit: 257
Well I don't think so that by 2022 almost everyone would use bitcoins as  bitcoins are still in kind of developing stage and there are many people who don't even know about bitcoins.Also that many countries haven't yet legalised bitcoins so first if all the countries had legalised bitcoins by 2020 then it maybe possible that everyone would use bitcoins even then the chances will be low as people would think bitcoins as only an investment because of its volatile nature, also that bitcoins are not suitable for small transactions because of the transactions fees around $4 to $5.
full member
Activity: 392
Merit: 100
I think Bitcoin is not going to be a payment method for small purchases. Bitcoin will remain as store of value and payment method for big purchases like cars houses or luxury yachts. Litecoin and Ethereum based smart contract projects going to be used for small purchases or everyday transactions.
sr. member
Activity: 257
Merit: 250

Very well said! I think it is not quite possible that everyone just start using Bitcoin and that too in such a short time period. Still there are so many who are unaware of this concept of digital currency.

It will take quite long time for everyone to know about this thing. Yes, there are very much chances that number of investors will definitely increase by 2022.

I don't think the problem here is the "small" time window until 2022. Bitcoin is being talked all over the world now, so people are getting aware. The problem is that bitcoin is following the path of investment and not "common currency". The fees are just to high for common use right now. We are seeing merchants withdrawing from bitcoin and not getting into it, simply because it's to expensive to maintain a business like that, when they can do the same with paypal for example.
I'm sure investors will continue to come, because the use of bitcoin as "gold" is getting popular though. If the time of transactions is solved, and the fees drop, then we will a lot of people using BTC in 2022.
Yes Bitcoins will be definitely used by almost everyone in year 2022 because now a days Bitcoins are getting more and more popularity just because of its unstoppable increasing price there for in 100% sure that BTC will be used by everyone in year 2022.
full member
Activity: 504
Merit: 100
This is a strong point to ponder on considering how strong and how much attention bitcoin is getting nowadays. Most probably, in my most amateur opinion, bitcoin will overtake fiat by 2022. I'm reading from news that bitcoin is starting to grow exponentially as compared to the latter years. When there is growth, there's definitely competition. When there's competition, something is bound to lose including paper money and fiat. Let's watch out how will bitcoin proceed.
full member
Activity: 350
Merit: 109
I think Maybe, it depends on the value of the bitcoin and the situation of future bitcoin, if ever the value of the bitcoin is continuous high and the government will allow the bitcoin, and banks are adapting the system of the bitcoin. We cannot predict what happens to the future, we have only trust and share other people the important of the bitcoins and don't allow anyone to destroy the bitcoin.
sr. member
Activity: 1036
Merit: 294
Yeah!, I think so! Because bitcoin become more poplar when the time passed by. And I believe in 2022 a lot of people used bitcoin as thier regular currency for everyday life because i believe in that year. It will have a market that accept bitcoin and also a bank for bitcoin. For the proof that it is possible theres a list of country that accept and make a bitcoin as thier local/regular currency and they have also a markets and banks that accept bitcoin for payment and not only market and banks they have also different stablishesments that accept bitcoin and many more..
hero member
Activity: 700
Merit: 500
The number of people using it by 2022 will be more than double compared with today, but it would still be only a relative fraction of normal currency users.
Bitcoin will terminate the fiat system. It may not the coin itself but the concept of digital currencies is a very powerful one. With the growing technology, everyone wants to do all tasks with the help of gadgets that simplify their work. Digital currencies are more easy to use than fiat and bitcoin is the best one. Once accepted everywhere, the use of fiat will start decreasing.
full member
Activity: 770
Merit: 126
Certainly I don't believe such a thing will happen by 2022 of people who don't know how to read and write let alone operating computer or highly advance cell phone.
hero member
Activity: 770
Merit: 500
In my own opinion, i don't think so, there are places that are hard to reach by electricity and computer technology, We need to consider some factors which affects them to locate, Maybe not early as 2022,  Or some other century maybe, and if ever it happens all of the places are equiped with computer gadgets and connections to sustain the consistency of transactions anywhere we go.
This is very much difficult to convince the ones who don’t believe in Bitcoin to come and invest in Bitcoin. Moreover, there are still so many who even don’t know about what digital currency is. It is very much difficult to say this thing that Bitcoin will be used by almost each and everyone in such a short span of time.
sr. member
Activity: 700
Merit: 350
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Very well said! I think it is not quite possible that everyone just start using Bitcoin and that too in such a short time period. Still there are so many who are unaware of this concept of digital currency.

It will take quite long time for everyone to know about this thing. Yes, there are very much chances that number of investors will definitely increase by 2022.

I don't think the problem here is the "small" time window until 2022. Bitcoin is being talked all over the world now, so people are getting aware. The problem is that bitcoin is following the path of investment and not "common currency". The fees are just to high for common use right now. We are seeing merchants withdrawing from bitcoin and not getting into it, simply because it's to expensive to maintain a business like that, when they can do the same with paypal for example.
I'm sure investors will continue to come, because the use of bitcoin as "gold" is getting popular though. If the time of transactions is solved, and the fees drop, then we will a lot of people using BTC in 2022.
hero member
Activity: 798
Merit: 527
it's highly unlikely that one currency will be used internationally, what is more likely in my opinion, is that several thousands of additional (virtual) coins will be added and used by people. That has the benefit that a crisis wouldn't have a huge effect internationally, since things are not that interconnected anymore

It is likely going to happen as many theories that bitcoin will be used worldwide so it's essential that it will be used as world currency. Besides, there are conspiracies that bitcoin will be the one to use for the one world gov't currency and it's the currency that will be used for the cashless society, I'm lack of ideas with this but there's a possibility it will happen.
I don’t think so because of the current situation of bitcoins in the digital market, it will take some time to become a globally accepted virtual currency i.e. expected next 20-30 year. These days china has banned BTC and its transactions all over the country, there are chances that other countries also start banning BTCs that will cause fluctuations in the prices of bitcoins.
Very well said! I think it is not quite possible that everyone just start using Bitcoin and that too in such a short time period. Still there are so many who are unaware of this concept of digital currency.

It will take quite long time for everyone to know about this thing. Yes, there are very much chances that number of investors will definitely increase by 2022.
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