WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? - page 88.

coynedterm

hero member

Activity: 882

Merit: 500

Quote from: electronicash on January 22, 2017, 03:19:41 PM

it only needs just few years if something or someone does the incredible things for bitcoin. bitcoin is already on the news and on movies. if a celebrity publicly says he is using bitcoin, it could definitely make a difference in just a matter of days.

no one ever tried hacking a celebrity twitter account and mentioned bitcoin there but perhaps someone could this time.

The last line of hacking are not a satisfying or are better for advertising bitcoin .
Well here day by day the use of bitcoin going sharply at a high top of sky And it seems that it will not go back because everyday lakhs of newbie are coming in the bitcoin work and making the bitcoin community more strong .
But here it is much doubtable and I also think that , it is not possible for bitcoin to destroy the fiat , because here everyone is to make earning and at the end of the earning he will cash out their btc into fiat , I mean at last he will go for fiat .

diegz

hero member

Activity: 798

Merit: 500

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: electronicash on January 22, 2017, 03:19:41 PM

it only needs just few years if something or someone does the incredible things for bitcoin. bitcoin is already on the news and on movies. if a celebrity publicly says he is using bitcoin, it could definitely make a difference in just a matter of days.

no one ever tried hacking a celebrity twitter account and mentioned bitcoin there but perhaps someone could this time.

No doubt about that, maybe one day some celebrity will be using bitcoin, but that's not enough to lift bitcoin to mainstream in days or even in months. Though people would start to research about bitcoin in the internet when they see their idols using the same, it's not enough to make everyone use it in 2022

Quote from: electronicash on January 22, 2017, 03:19:41 PM

no one ever tried hacking a celebrity twitter account and mentioned bitcoin there but perhaps someone could this time.

No, that's not going to be effective, hacking famous accounts won't do any good for bitcoin. A celebrity could simply deny it in any interview and probably could just add another dirt to bitcoin's name.

electronicash

legendary

Activity: 3178

Merit: 1054

it only needs just few years if something or someone does the incredible things for bitcoin. bitcoin is already on the news and on movies. if a celebrity publicly says he is using bitcoin, it could definitely make a difference in just a matter of days.

no one ever tried hacking a celebrity twitter account and mentioned bitcoin there but perhaps someone could this time.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: BeGoods on January 22, 2017, 12:56:56 AM

Quote from: tabas on January 21, 2017, 10:10:59 AM

Quote from: Edraket31 on January 21, 2017, 09:23:44 AM

Bitcoin in the year 2022 will be known as a global phenomenon and will be widely used as the number one digital currency in the world.
That year will be a breakthrough for bitcoin, almost all merchants are using bitcoin. Bitcoin ATM can also seen anywhere where you can easily transfer funds.

That is not going to be enough and realistic theory with proper analysis. 2022 is not really going to be enough and is going to be a known global phenomenon. And I admit that I don't believe that it isn't going to be used widely as there are a lot of people who are living in this world. And 5 years is not enough to spread a news.

of course, even after seven years of bitcoin launching. bitcoin users has not reached more than 20 million users, or less than 5% of the total world population. 5 years is a very less time. it took decades for bitcoin is used by almost everyone

Yes maybe 2-5 decades is going to be realistic to see the world using bitcoins. And I doubt it that bitcoin is going to be used widely, because there are a lot of people all over the world and technology is not within every place and every country. But still as long as there is progress with bitcoin for the upcoming years that will be the best.

millgates

sr. member

Activity: 714

Merit: 250

Quote from: Sahyadri on January 22, 2017, 01:10:48 AM

More than half of the world population won't be using Bitcoin or any other Altcoin in 2022. The value of Bitcoin in terms of fiat will keep on increasing as more people come on board. But it won't replace fiat.

Sorry, I dissagree with you. When the advance of technology force the all people in the world to be more often of doing virtual activity, bitcoin is really needed so I think anythingcis possible. Fiat will be replaced by bitcoin or gold.

Rostadom

hero member

Activity: 713

Merit: 501

Quote from: wxa7115 on January 22, 2017, 02:21:48 AM

Quote from: Rostadom on January 21, 2017, 08:51:16 AM

Quote from: wxa7115 on January 20, 2017, 01:51:24 PM

Unlikely, bitcoin is a great technology and currency but bitcoin has limitations like the speed of confirmations, so until that is resolved bitcoin will not reach most people, it will grow in adoption but it is not going to be used by everyone.

I don't see any correlation on the confirmation time and the number of bitcoin users. Was I persuaded by someone that I should do bitcoins because the confirmation time is almost an instant? No. A big no. They don't complement each other. Up to now, I don't even mind waiting for 10 minutes to receive or send my bitcoins.

I think hyping up bitcoins would be the best way to grow in population. Just look at Pokemon Go, people posted about it every single day when it was about to get released and after it got released. It has a lot players right when they released it. If people would just do the same thing. If people would make bitcoins the trend, then mass adoption will be achieve shorter than expected.

Confirmation speed is one of the biggest hurdles for bitcoin to overcome, maybe you are fine waiting for ten minutes but most people will not be fine with that, can you imagine buying groceries with bitcoin and to have to wait ten minutes to get a confirmation? No, me neither, if bitcoin is going to reach that level of adoption confirmation will need to be a matter of seconds not minutes.

Well, we actually can't buy groceries using our bitcoins so we don't actually have to worry about that. If people are starting to accept bitcoins to grocery stores, at that point somebody has already figured out a way to make the transaction time much faster. I'd say that using altcoins instead of bitcoins is one solution but to some people converting their altcoins to bitcoin would be cumbersome.

emezh10

hero member

Activity: 826

Merit: 501

Quote from: noel2123 on January 22, 2017, 01:21:01 AM

From now on, we can use bitcoin, citizens and peoples does not know what is bitcon, I think a lot of people not know about bitcoins. We can say that it is better to use now and then, but we still need securities before it could be legal. We need some help from local governments to bitcoins legal and ready to be use

I agree. Many people now Don't know about bitcoin so I think if lot of people will use bitcoin for their daily lives many of them will share to their relative on how bitcoin works and the butcoin will be popular if that will happen. But I don't agree that government will use associate with bitcoin they are just going to collect tax from it.

Pettuh4

sr. member

Activity: 812

Merit: 251

Quote from: sartorpc on January 21, 2017, 11:09:20 AM

I think it is still too early, maybe by 2030 everyone knows about btc.

I think we need to get the difference clearly spelled out, using Bitcoin and knowing about Bitcoin are two different things. The whole world can get to know about it by 2022 as you are saying but how the whole world is going to adopt it by 2022 is the challenge I doubt because it's hard for people to change their natural ways of doing things and I think Bitcoin and blockchain technology are still in the testing phase and a lot of concerns needs to be addressed in order to build trust for the whole world to accept. It might be possible maybe generations after us but 2022 I doubt.

wxa7115

hero member

Activity: 2702

Merit: 704

Bitcoin is GOD

Quote from: Rostadom on January 21, 2017, 08:51:16 AM

Quote from: wxa7115 on January 20, 2017, 01:51:24 PM

Unlikely, bitcoin is a great technology and currency but bitcoin has limitations like the speed of confirmations, so until that is resolved bitcoin will not reach most people, it will grow in adoption but it is not going to be used by everyone.

I don't see any correlation on the confirmation time and the number of bitcoin users. Was I persuaded by someone that I should do bitcoins because the confirmation time is almost an instant? No. A big no. They don't complement each other. Up to now, I don't even mind waiting for 10 minutes to receive or send my bitcoins.

I think hyping up bitcoins would be the best way to grow in population. Just look at Pokemon Go, people posted about it every single day when it was about to get released and after it got released. It has a lot players right when they released it. If people would just do the same thing. If people would make bitcoins the trend, then mass adoption will be achieve shorter than expected.

Confirmation speed is one of the biggest hurdles for bitcoin to overcome, maybe you are fine waiting for ten minutes but most people will not be fine with that, can you imagine buying groceries with bitcoin and to have to wait ten minutes to get a confirmation? No, me neither, if bitcoin is going to reach that level of adoption confirmation will need to be a matter of seconds not minutes.

noel2123

sr. member

Activity: 280

Merit: 250

From now on, we can use bitcoin, citizens and peoples does not know what is bitcon, I think a lot of people not know about bitcoins. We can say that it is better to use now and then, but we still need securities before it could be legal. We need some help from local governments to bitcoins legal and ready to be use

Sahyadri

sr. member

Activity: 744

Merit: 266

More than half of the world population won't be using Bitcoin or any other Altcoin in 2022. The value of Bitcoin in terms of fiat will keep on increasing as more people come on board. But it won't replace fiat.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: tabas on January 21, 2017, 10:10:59 AM

Quote from: Edraket31 on January 21, 2017, 09:23:44 AM

Bitcoin in the year 2022 will be known as a global phenomenon and will be widely used as the number one digital currency in the world.
That year will be a breakthrough for bitcoin, almost all merchants are using bitcoin. Bitcoin ATM can also seen anywhere where you can easily transfer funds.

That is not going to be enough and realistic theory with proper analysis. 2022 is not really going to be enough and is going to be a known global phenomenon. And I admit that I don't believe that it isn't going to be used widely as there are a lot of people who are living in this world. And 5 years is not enough to spread a news.

of course, even after seven years of bitcoin launching. bitcoin users has not reached more than 20 million users, or less than 5% of the total world population. 5 years is a very less time. it took decades for bitcoin is used by almost everyone

Vaskiy

legendary

Activity: 2646

Merit: 1106

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: phaddie on January 21, 2017, 08:44:31 PM

Quote from: angaper on January 21, 2017, 07:42:22 PM

Sometimes I have been a bit skeptical about this possibility, but many people were also skeptical when mobile phones emerged 30 years ago and anyone believed that almost everybody would be using them these days.

So I am starting to think it may be possible, but of course this disruptive technology will also need several years to achieve that expected massive adoption.

Mobile phones have become an necessity nowadays and it doesn't have any alternative option but when it comes to a currency or payment system there are many alternatives available so people will choose that best suits them and which is easy and convenient to use and people who are comfortable with fiat will never prefer to switch to bitcoins.

Alternate payment gateways help in the continued use of fiat and bitcoin usage too cannot grow in a short period. We are very low in terms of number than fiat users. The spreading done by each user is a must to make bitcoin reach at least half the population by 2022.

phaddie

sr. member

Activity: 308

Merit: 250

Quote from: angaper on January 21, 2017, 07:42:22 PM

Sometimes I have been a bit skeptical about this possibility, but many people were also skeptical when mobile phones emerged 30 years ago and anyone believed that almost everybody would be using them these days.

So I am starting to think it may be possible, but of course this disruptive technology will also need several years to achieve that expected massive adoption.

Mobile phones have become an necessity nowadays and it doesn't have any alternative option but when it comes to a currency or payment system there are many alternatives available so people will choose that best suits them and which is easy and convenient to use and people who are comfortable with fiat will never prefer to switch to bitcoins.

angaper

hero member

Activity: 966

Merit: 507

Sometimes I have been a bit skeptical about this possibility, but many people were also skeptical when mobile phones emerged 30 years ago and anyone believed that almost everybody would be using them these days.

So I am starting to think it may be possible, but of course this disruptive technology will also need several years to achieve that expected massive adoption.

ophyrim

sr. member

Activity: 994

Merit: 391

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 believe one day in the future (but not in 2022) bitcoin will dominate the financial system and nearly whole world will recognize and will use it. But I don't think bitcoin or any other cryptocurrency can destroy our traditional fiat system. It is impossible with the financial system we have at the moment.

jaysabi

legendary

Activity: 2044

Merit: 1115

★777Coin.com★ Fun BTC Casino!

Bitcoin doesn't have much use as a currency. It's a great tool to transfer value short term, but holding it for any period of time exposes the holder to extreme volatility and the risk of much loss of value. Nobody really uses it as a currency. It's used as a speculative asset, to evade gambling controls, and as value transfer and remissions across borders. I don't see many people using it for commerce.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: tabas on January 21, 2017, 10:10:59 AM

Quote from: Edraket31 on January 21, 2017, 09:23:44 AM

Bitcoin in the year 2022 will be known as a global phenomenon and will be widely used as the number one digital currency in the world.
That year will be a breakthrough for bitcoin, almost all merchants are using bitcoin. Bitcoin ATM can also seen anywhere where you can easily transfer funds.

That is not going to be enough and realistic theory with proper analysis. 2022 is not really going to be enough and is going to be a known global phenomenon. And I admit that I don't believe that it isn't going to be used widely as there are a lot of people who are living in this world. And 5 years is not enough to spread a news.

I agree. It would take more than 5 years for that to be realized. I believe it is actually possible to make bitcoin the main digital currency but as it is, it still needs to accepted by a lot of people and businesses for it to reach everyones attention. Definitely more people will be aware of bitcoin in 5years and most likely more people would've used btc onr way or another, but it would take more than that to make btc the main digital currency

sartorpc

sr. member

Activity: 300

Merit: 250

I think it is still too early, maybe by 2030 everyone knows about btc.

Xester

hero member

Activity: 994

Merit: 544

Quote from: jacaf01 on January 19, 2017, 03:00:59 AM

Quote from: pinkpanther03 on January 18, 2017, 10:30:25 PM

In the year 2022, I think the average of bitcoin users or bitcoin enthusiast is will increase to 95%. If that happen many of the bitcoin community will get rich at once. So it is better right now to keep and hold our BTC while we wait for that moment.

I don't understand that statement, is it 95% of the world population or 95% of the current BTC holder.

I believe Bitcoin will make inward route into some economy and sustain its growth but for if we can get 10% of the world population involved either directly or indirectly in BTC, it would be a great success and great investment for investors

Having 95% of the worlds population to engage in bitcoin is impossible on 2020. If bitcoin can survive the release of fiat currency it will still not reach that high percentage. But one thing for sure if bitcoin can overcome the existence of fiat currency it will surely have millions of users and the price of bitcoin will also reach a million dollars, and thats for sure.

Topic: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? - page 88. (Read 169509 times)