Topic: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? - page 71. (Read 169532 times)

Quote from: jaysabi on May 09, 2017, 06:24:21 PM

Bitcoin is gaining popularity day by day and many more people are showing their interest in investing their money in bitcoins but its really hard to believe that almost everyone will start using bitcoins in next 5 years as bitcoin has not reached everywhere yet and it will take long time that everyone starts using bitcoins.

Yes that is right, 5 years is not enough for bitcoin to get a lot of users and almost everyone for using bitcoin because 5 years is not enough and there is still a lot of people who don't use bitcoin or even don't have idea about bitcoin, i think it will take at least 10 years for bitcoin to reach all people around the world because it is not that easy as we think.

It will atleast take a couple decades for people to actually adopt bitcoin as a payment method and for governments to approve of it. Right now, it has taken 10 years since bitcoin's inception for a major government to approve of bitcoin (Japan). 5 years is definitely not enough time for bitcoin to reach all people around the world.

Bitcoin has only been around since late 2008. It's not yet 10 years old. It's taken this long to come this far, and that's not very far at all when you consider notnknly the adoption rate, but the rate of awareness. I don't find it likely Bitcoin attains mass adoption in the long run, let alone any truncated or nearterm time period.

The bitcoin is still young but i think it will not take a lot of years to wait before the everyone will use bitcoin as their secondary currrency. Bitcoin popularity is now increasing and a lot of people and countries already noticed bitcoin as a good investment and also currency at same time and i think in 2022 the rate of people will use bitcoin will be around 40%.

40% is too big in 5 years and you know around the world there are still many who don't know bitcoin. much less for old people or parents because many of them say bitcoin is anonymous evil action. whatever long it takes to be used around the world long as bitcoin continues to grow it does not matter.

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Quote from: 187undercover on May 08, 2017, 09:00:27 PM

Quote from: jaysabi on May 09, 2017, 06:24:21 PM

Bitcoin is gaining popularity day by day and many more people are showing their interest in investing their money in bitcoins but its really hard to believe that almost everyone will start using bitcoins in next 5 years as bitcoin has not reached everywhere yet and it will take long time that everyone starts using bitcoins.

Yes that is right, 5 years is not enough for bitcoin to get a lot of users and almost everyone for using bitcoin because 5 years is not enough and there is still a lot of people who don't use bitcoin or even don't have idea about bitcoin, i think it will take at least 10 years for bitcoin to reach all people around the world because it is not that easy as we think.

It will atleast take a couple decades for people to actually adopt bitcoin as a payment method and for governments to approve of it. Right now, it has taken 10 years since bitcoin's inception for a major government to approve of bitcoin (Japan). 5 years is definitely not enough time for bitcoin to reach all people around the world.

Bitcoin has only been around since late 2008. It's not yet 10 years old. It's taken this long to come this far, and that's not very far at all when you consider notnknly the adoption rate, but the rate of awareness. I don't find it likely Bitcoin attains mass adoption in the long run, let alone any truncated or nearterm time period.

The bitcoin is still young but i think it will not take a lot of years to wait before the everyone will use bitcoin as their secondary currrency. Bitcoin popularity is now increasing and a lot of people and countries already noticed bitcoin as a good investment and also currency at same time and i think in 2022 the rate of people will use bitcoin will be around 40%.

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Quote from: 187undercover on May 08, 2017, 09:00:27 PM

Quote from: 187undercover on May 08, 2017, 09:00:27 PM

Bitcoin is gaining popularity day by day and many more people are showing their interest in investing their money in bitcoins but its really hard to believe that almost everyone will start using bitcoins in next 5 years as bitcoin has not reached everywhere yet and it will take long time that everyone starts using bitcoins.

Yes that is right, 5 years is not enough for bitcoin to get a lot of users and almost everyone for using bitcoin because 5 years is not enough and there is still a lot of people who don't use bitcoin or even don't have idea about bitcoin, i think it will take at least 10 years for bitcoin to reach all people around the world because it is not that easy as we think.

It will atleast take a couple decades for people to actually adopt bitcoin as a payment method and for governments to approve of it. Right now, it has taken 10 years since bitcoin's inception for a major government to approve of bitcoin (Japan). 5 years is definitely not enough time for bitcoin to reach all people around the world.

Bitcoin has only been around since late 2008. It's not yet 10 years old. It's taken this long to come this far, and that's not very far at all when you consider notnknly the adoption rate, but the rate of awareness. I don't find it likely Bitcoin attains mass adoption in the long run, let alone any truncated or nearterm time period.

not to mention the power struggle between governments and bitcoin if bitcoin really takes off. Major governments like the US wont allow another currency to replace the US dollar. If they are willing to start a war with Iraq because they were going to demoninate their oil in Euros, I doubt that they will allow bitcoin to replace fiat.

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Quote from: pacifista on May 09, 2017, 05:21:43 PM

Bitcoin is gaining popularity day by day and many more people are showing their interest in investing their money in bitcoins but its really hard to believe that almost everyone will start using bitcoins in next 5 years as bitcoin has not reached everywhere yet and it will take long time that everyone starts using bitcoins.

Yes that is right, 5 years is not enough for bitcoin to get a lot of users and almost everyone for using bitcoin because 5 years is not enough and there is still a lot of people who don't use bitcoin or even don't have idea about bitcoin, i think it will take at least 10 years for bitcoin to reach all people around the world because it is not that easy as we think.

It will atleast take a couple decades for people to actually adopt bitcoin as a payment method and for governments to approve of it. Right now, it has taken 10 years since bitcoin's inception for a major government to approve of bitcoin (Japan). 5 years is definitely not enough time for bitcoin to reach all people around the world.

Bitcoin has only been around since late 2008. It's not yet 10 years old. It's taken this long to come this far, and that's not very far at all when you consider notnknly the adoption rate, but the rate of awareness. I don't find it likely Bitcoin attains mass adoption in the long run, let alone any truncated or nearterm time period.

tripplewarz

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I dont think bitcoin will be use by almost all people in the year 2022, but one thing i know for sure ,china will be the first country who will accept bitcoin in almost all thier stores as payment options. And all of the people in china will now be using bitcoin.

What is happening in China is difficult to explain. I was generally surprised when I learned that it is China that controls more than half of the bitcoins.

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I dont think bitcoin will be use by almost all people in the year 2022, but one thing i know for sure ,china will be the first country who will accept bitcoin in almost all thier stores as payment options. And all of the people in china will now be using bitcoin.

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I dont know but the current value of bitcoin, will drop due to the split, but it will recover again, and with those i do hope bitcoin can handle the transactions issues at once. Several people are using bitcoin as store as value, as well investing their savings into it, soo i could say bitcoin is growing quickly with the new value, the question now is will bitcoin be legalized at once?

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Quote from: makolz26 on May 09, 2017, 08:39:15 AM

Quote from: batang_bitcoin on May 09, 2017, 08:18:59 AM

Quote from: batang_bitcoin on May 09, 2017, 06:53:23 AM

There is enough bitcoins for the 7 billion people in the world. And the price will only adjust because of the demand and it is going to make the price higher and if you did understand what I said, that is going to make every satoshi counts. By that time, 1 satoshi will be not just 1 satoshi anymore for us because that will have a higher value.

We may say that there will be enough bitcoin for the whole population of Earth, but you need to consider how many are interested and not interested in these digital currency. Not all people will use bitcoin, they can't even surf the internet,especially the country with internet restrictions. With it's popularity nowadays, we can't deny that it will be more popular than today, but still, there are always haters.

As long as the market is expanding no matter how many are interested or not. Once bitcoin is starting to make some noise people are going to get close to it. Let's exclude those people that are in that situation it's obvious that they will not have the chance to use bitcoin because there's no access on their place.

Obviously, the bitcoin is continuously expanding and its name is becoming fame and in demand. Actually it has its name and the government is eyeing on it already, especially those countries who contributes a large sum of it. If you see a thing that will give you an opportunity to earn I know that you will grab it and that how we see bitcoin and how others will see it too.

After the Japan's adoption we saw on how fast the price of bitcoin increased. And I know Japan is a good example for other countries to do the same move. But yet, it is still impossible to make almost everyone use bitcoin, the time frame now is not enough to raise the awareness about this great crypto currency.

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Quote from: Harlot on May 09, 2017, 07:50:13 AM

Quote from: batang_bitcoin on May 09, 2017, 06:53:23 AM

Quote from: originalsloth on May 08, 2017, 07:47:27 PM

Quote from: batang_bitcoin on May 08, 2017, 04:21:30 PM

Quote from: Sled on May 07, 2017, 11:49:16 PM

Quote from: batang_bitcoin on May 07, 2017, 11:14:32 PM

Quote from: Jingjess on May 07, 2017, 04:27:42 AM

If not everyone used bitcoins in 2022 probably it will increase the number using bitcoins in 2022.

I doubt that everyone will be using bitcoin on year 2022. The awareness will spread throughout the world but thinking that all of us will be using it at the same time is not going to happen. 5 years from now, is not enough to make everyone use bitcoin by that year.

Bitcoin will not be used by almost everyone because if bitcoin will be used by almost any people around the world then bitcoin will lack of its supply and have a shortage and that is why bitcoin is not designed for everyone. I think bitcoin will just be accepted by the shop owners and not everyone because that is very impossible.

Don't think that the supply will lack for all the potential users of bitcoin. Because if we are going to become many, the demand will be higher and that's the start of bitcoin's price to increase. Just like what is happening now, even there is a limitation for the supply still many are going to get into it because there is so called mBTC or satoshi's.

Widespread bitcoin usage will definitely cause some issues with the scale of the units. there aren't enough bitcoins in the world for 7billion people to use. I think when bitcoin gets to that stage, there will be a requirement for something that is even smaller than mBTC.

There is enough bitcoins for the 7 billion people in the world. And the price will only adjust because of the demand and it is going to make the price higher and if you did understand what I said, that is going to make every satoshi counts. By that time, 1 satoshi will be not just 1 satoshi anymore for us because that will have a higher value.

We may say that there will be enough bitcoin for the whole population of Earth, but you need to consider how many are interested and not interested in these digital currency. Not all people will use bitcoin, they can't even surf the internet,especially the country with internet restrictions. With it's popularity nowadays, we can't deny that it will be more popular than today, but still, there are always haters.

Let us not thing too deep with this one. Right now, not even 10% of the population is using Bitcoin yet the value of Bitcoin right now is 1600$ which is higher than any fiat currency in the world, now imagine if almost everyone is using Bitcoin, then the price of it will adjust accordingly its not that Bitcoin is a limited supply it won't be enough for the whole population of the Earth, like what he said earlier the price of Bitcoin will surely adjust according to the demand it will get from us. That is how demand and supply simply works.

Thinking about what you said, there are just a couple of people that have invested in major companies yet each share/stake costs much more than bitcoins. How's that for "what if more people" invested? I think it still depends on how much investment is present. It's possible that a billion dollars of a market cap of bitcoin is just from a single person. 1B market cap is such a huge deal up to now.

There can be many people using bitcoins but the price wouldn't pump up because the people using it aren't investing anything. There are days when the price of bitcoin barely moves but the number of people using it surely is increasing. That alone proves that not everytime goes in in the bitcoin world, there will be an increase in price.

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Quote from: pozmu on May 09, 2017, 11:30:05 AM

I recently read that UN is going to use blockchain, not bitcoin's but ethereum's to distribute money to the poor, I don't know the details just google it, it's something fairly complicated, they'll distribute it to people who doesn't own computer utilizing iris scanner, but if such organizations are starting to utilize cryptocurrencies future looks good for Bitcoin

I don't think the basic reason of not using cryptocurrencies by people is poverty. We cannot say that by spreading virtual coins to poors, we could increase their reach to everyone. There are several other factors for reluctant of their uses and many other classes of society, even middle-class and rich who will never go for cryptocurrrencies.

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I recently read that UN is going to use blockchain, not bitcoin's but ethereum's to distribute money to the poor, I don't know the details just google it, it's something fairly complicated, they'll distribute it to people who doesn't own computer utilizing iris scanner, but if such organizations are starting to utilize cryptocurrencies future looks good for Bitcoin

makolz26

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Quote from: batang_bitcoin on May 09, 2017, 08:18:59 AM

Quote from: batang_bitcoin on May 09, 2017, 06:53:23 AM

There is enough bitcoins for the 7 billion people in the world. And the price will only adjust because of the demand and it is going to make the price higher and if you did understand what I said, that is going to make every satoshi counts. By that time, 1 satoshi will be not just 1 satoshi anymore for us because that will have a higher value.

We may say that there will be enough bitcoin for the whole population of Earth, but you need to consider how many are interested and not interested in these digital currency. Not all people will use bitcoin, they can't even surf the internet,especially the country with internet restrictions. With it's popularity nowadays, we can't deny that it will be more popular than today, but still, there are always haters.

As long as the market is expanding no matter how many are interested or not. Once bitcoin is starting to make some noise people are going to get close to it. Let's exclude those people that are in that situation it's obvious that they will not have the chance to use bitcoin because there's no access on their place.

Obviously, the bitcoin is continuously expanding and its name is becoming fame and in demand. Actually it has its name and the government is eyeing on it already, especially those countries who contributes a large sum of it. If you see a thing that will give you an opportunity to earn I know that you will grab it and that how we see bitcoin and how others will see it too.

batang_bitcoin

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