Topic: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? - page 70. (Read 169509 times)

Well, yes mate. I can see that there's a huge possibility that it will be used but not everyone but maybe majority of the population. It also makes me think how many fiat currencies will be removed in that year because for sure it will happen.

That the value of bitcoin is going to rise until 2022 is undeniable, but the main problem why businesses aren't adopting bitcoin as a way of payment (for a lot of them that is, since I was asking around) is the instability of the bitcoin price and untill the bitcoin price stabilizes a little, we may not see that great of adoption.

No, internet connection is still an issue during that time.  There will be places where the internet can't establish due to the status of the are.  Aside from that, not all citizen can be able to have an internet connection with their smartphone.  Unless this issue is fixed, Bitcoin will never be used by everyone in 2022.

I think though the bitcoin price keeps going up it will not guarantee that bitcoin will have the users cover the whole human. Because user growth will not come directly

It will be used not just until 2022 but as long as there is a high market cap bitcoin will be used for better. But with the time frame that assuming everyone will be using bitcoin on that year. That is impossible to happen because I know that people will know and heard bitcoin by that time but still they are not going to adopt it completely.

I think it was used until 2022, due to bitcoin price in the market was still raised up. I'm just looking forward that all markets were accept Bitcoin as exchange of their goods, services and products. Also I think in 2022 value of Bitcoin were raised up.

Yaps, technological advances are very fast growing, bitcoin being a technology that has good predictions in the coming year, though I do not know when bitcoin will be recognized by the world, in 2022 or next year, we all do not know. But from now on we can see and predict its progress, imagine if bitcoin is really used by everyone, maybe i can pay parking money using bitcoin in the future .. i'm sure we all have good hope about bitcoin in the future,.. Let's wait for that good wish to come

Very potential. Bitcoin will be known and used by almost everyone in the world, and I expect before 2022 it has happened. The bitcoin exchange rate will continue to increase as difficulty in mining. Influenced by technology adopted by entrepreneurs to expand its business wings.

The advantage of using a cryptocurrency like bitcoin is that you can divide the coin to millions divisions. The lowest fiat denomination is the 5 cents coin (0.05 unit). People don't have to carry 1BTC exactly so bitcoins having a limitation of 21 million isn't a problem at all. The amount of bitcoins in circulation is probably much less than 21 millions though, but we'll never know of course.

"So if it goes really mainstream it can go much higher" - The supply wouldn't increase just because people are already using bitcoins. People simply have to settle about the fact that bitcoin is scarce and that's what gives it value (i.e. supposed that there's unlimited supply of bitcoin, then it will be valueless)

yeah the next few years may very well be breakthrough years for btc and its not impossible that almost everyone would have come across it even once. I agree that soon more countries will be adopting and legalizing btc which will make it accessible to more and more people.

There are only max 21M bitcoins, so there can be only 21M people that have one btc.
So if it goes really mainstream it can go much higher and it's also a counterweight to fiat money.

It won't be used? Look how the price are swollen, you think people especially investors will let this slip away. And when people knew about these they will be willingly make some investments in these digital currency too. And in 2022, I think many countries accepted bitcoin but still secondary payment, some problems solved but new problems emerged.

I also do not agree on the point the bitcoin will destroy the fiat. And in fact it does not need to destroy the fiat to become a currency that can be used of all. It just need to develop its system and transaction. Make time to develop more wallets and ways to used bitcoin for more people to support using bitcoin. I agree that fiat may help bitcoin to make this happen because as of noe bitcoin need fiat more than fiat need bitcoin. Companies and businesses want sure income so they may support bitcoin if bitcoin will develop more.

Good point. I think 3rd world country from Africa to Asia will really benefited from bitcoin. Specially who don't have access to bank, with just a mobile phone on their hand, they can exchange their bitcoin to fiat or used it a mode of online payment. Though Internet is a pre-requisite, I think 3rd world country is need to put up infrastructure like Internet to fully maximize the potential used of bitcoin in their country.

The speed of the Internet wouldn't make people study about bitcoins. As a matter of fact, with better speed of the Internet, you're going to be more distracted since you can download HD movies, play online games with no lags, etc. There's tons of distractions on the Internet. Someone who has a slow Internet connection will not be able to do all this and learning bitcoins don't require fast connection. The latter might become even more interested about earning money online since what he can only do is search stuffs and read articles. He can't be preoccupied by the aforementioned distractions of the Internet.

Well said.  . Know where we stand. Do what you can do. 

I don't think Bitcoin will be widely use that quickly. It might be more popular in certain countries that is still in underdeveloped.
However for developed countries economy is much more stable and the majority of the people would prefer a currency that is less volatile.
I expect the Bitcoin price to continue to grow and see it more of a online payment or even new use cases which open opportunities of income stream for entertainers.

I don't think Everyone will be using Bitcoin but most likely they will be involved in some digital money. Now in developing countries also where banking is scarce, you will see big pockets of populations using it as they get mobile technology at their fingertips and access to the blockchain. It will though become far more prominent and I see at least one member in each family unit either saving or using bitcoin for all the family as a standard practice. In my family it was just myself involved in Bitcoin and digital currencies, now my Husband, Son and my Father have some limited ties to Bitcoin also..so now we are 4 members who have some connection to Bitcoin. 

Looking at how its value has evolved over the years,it won't be used by everyone but I believe its exchange rate will be much higher.

I believe by 2030 bitcoin will have risen to 500000 --1000000 per coin, and by 2050 all gov entities , stockmarket, and banks will have gone thru major adjustments and some or most might be completely replaced or not even exsist.For instance you now have a German zirconium plant using blockchain technologies to gain capital to start there factories from the public investing there hard earned dollars, ZR coin, everybody should pay close attention to this because for the first time this is happening, the banks and stock exchange are being cut out of the equation, this is how it should be done, I should be able to invest my hard earned money a little bit I have and earn a decent return, why should the billion dollar banks and trillion dollar in debt gov agencies like the SEC get to decide who gets what, that's the problem the whole global system is strategically set up so the 1% keep getting 99% of all the money, it's pure*#=%÷×@, tell me otherwise, the world would be a much better place if the money was spread out among everybody not equally but fairly, so I see this whole block chain cryptocurrency tug off war we are watching the banks well off course they will try to go with the program, u think they don't want a dip of everything, but in the end they won't exsist because nobody will nead them, maybe small organizations that hold pressious metals but when there is no reason to have to barrow from a bank then that will be the end, we won't need them to hold coins so how will they fit into the equation, and the stock exchange, say goodbuy to that, boy I wish I could be here to see all these things happen, maybe I will, but I'm going to quit ranting, I could go on forever this is a good subject , there will be a day when everybody uses coins, what kind will rise to the top who knows but anybody who see how the money is controlled knows what I'm saying, these things will happen.