WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022? - page 89.

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Quote from: Edraket31 on January 21, 2017, 08:23:44 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.

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Quote from: Edraket31 on January 21, 2017, 08:23:44 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.

Wow, you are a fortune teller now, what is your basis?
it's a short term speculation and we have to see major improvement to see your speculation to take place. Honestly we must do a good research before putting our statement, we need to back it up.

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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.

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Quote from: wxa7115 on January 20, 2017, 12:51:24 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.

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Quote from: Reid on January 19, 2017, 04:39:13 AM

I dont think so. We are far away from that. Destroyinh fiat? Nonsense. That is way too future to think and everyone is still leaning on the fiat system. I would say that bitcoin can be an alteenative in payments, something like credit cards (but I do not say they are alike).
Example is when you go to a grocery, there is cash or card, someday there will be a bitcoin line.

It is really far away from the reality. And 2022 is really near which bitcoins time line is still not enough to become famous and to be used by almost everyone in the world. I believe that bitcoin is going to be used as one of alternative payments where you are able to do the things you had mentioned. And many are going to love it.

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Quote from: wxa7115 on January 20, 2017, 12:51:24 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.

The speed of confirmation of Bitcoin transactions is one of the technical threats but I think political and threat of the unknown possess more jinx to its mass adoption. Nevertheless, Bitcoin have proven to be a fighter and survivor and as one country after another is losing their grip and faith on their local currencies, Bitcoin seems the only viable way forward.

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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.

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Quote from: pinkpanther03 on January 18, 2017, 09:30:25 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 think, in 2022, everyone has been using bitcoin. there may be some countries who struggle to use bitcoin for political affairs of a country, but I think they already know bitcoin. I also believe that it would be a lot of work on the internet that pay them with bitcoin. it will make people who have difficulty working in the field, and unemployment vying to sign up for the job. it will make everyone know about bitcoin.

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Quote from: Mr. Big on January 19, 2017, 04:30:33 AM

Quote from: andycarrol on January 19, 2017, 04:24:23 AM

probably not, There are still many specific areas untouched internet access, also has no electronic devices like computers even mobile phone.
but I'm sure the user of bitcoin can reach 50% in 2022, as prices will continue to rise and when it also will be more famous.

Good if we really reach that 50% of the population of the world... Coz I didn't see it like that, but probably a 50% increase in the user of bitcoin is possible by 2022. Most probably the reason that you cited is what will hinder the spread of bitcoin... We can't deny the fact that not all men has the same privileged when it comes to new technology and new things... But who knows, someone invented some sort of a mobile internet and put it on areas not reached by internet providers...

A 50% increase in the user base of Bitcoin makes sense and has much likelihood but 50% of the world population taking to bitcoin by 2022, is same as wishing for the stars - day dreaming! Does anyone know the population of oldies across the globe that think technological growth is too fast for their liking or the number that represents people without knowledge or infrastructure that enables access to the internet?

Btw, if 50% of world population is to embrace Bitcoin, the undertone would be that most governments across the globe have said yes to Bitcoin! How possible is that? IMO, I don't see that coming, because they have realized their local currencies would have to take the back seats.

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Quote from: marcoman22 on January 19, 2017, 09:57:00 AM

Bitcoin will be used by more people in 2022, but not almost every one. There are lots of people who dont even have a bank account and debit cards. They dont know about digital transactions. They love to use paper currency.Even in developed countries, paper currency is not stopped completely.India is also suffering due to policy undertaken by government to change people to digital currency.

In developed countries, they pay mostly using their cards. There's not much people using paper money there now. Everyone just swipes their card to pay their bills. To the people that don't have bank account or debit cards, it would only take them a day to get the requirements to open a bank account and get a bank account as well. It wouldn't take that long for non-bitcoin users to start using bitcoins. Actually, you don't even need a debit card to start using bitcoins.

When a large establishments started accepting bitcoins, it would create a hype which will lead more and more companies to start accepting bitcoins.

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Bitcoin will be used by more people in 2022, but not almost every one. There are lots of people who dont even have a bank account and debit cards. They dont know about digital transactions. They love to use paper currency.Even in developed countries, paper currency is not stopped completely.India is also suffering due to policy undertaken by government to change people to digital currency.

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I know just one. Almost everyone will hear about Bitcoin

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I dont think so. We are far away from that. Destroyinh fiat? Nonsense. That is way too future to think and everyone is still leaning on the fiat system. I would say that bitcoin can be an alteenative in payments, something like credit cards (but I do not say they are alike).
Example is when you go to a grocery, there is cash or card, someday there will be a bitcoin line.

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Quote from: andycarrol on January 19, 2017, 04:24:23 AM

probably not, There are still many specific areas untouched internet access, also has no electronic devices like computers even mobile phone.
but I'm sure the user of bitcoin can reach 50% in 2022, as prices will continue to rise and when it also will be more famous.

Good if we really reach that 50% of the population of the world... Coz I didn't see it like that, but probably a 50% increase in the user of bitcoin is possible by 2022. Most probably the reason that you cited is what will hinder the spread of bitcoin... We can't deny the fact that not all men has the same privileged when it comes to new technology and new things... But who knows, someone invented some sort of a mobile internet and put it on areas not reached by internet providers...

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probably not, There are still many specific areas untouched internet access, also has no electronic devices like computers even mobile phone.
but I'm sure the user of bitcoin can reach 50% in 2022, as prices will continue to rise and when it also will be more famous.

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Highly doubt it. Currently around 40% people in the world use the internet. Internet users need to increase by a lot more in order to achieve higher global adoption of Bitcoin.

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Quote from: Victorycoin on January 19, 2017, 01:15:27 AM

It would be heaven on earth at any point in time that even 10% of world population would adopt Bitcoin as everyone in possession of some coins is assured to be rich. Presently there are about 7 billion people occupying planet earth, 10% of which would be 700,000,000 and Bitcoin by nature have an upper limit of 21 million coins, let do a little maths: on the average each person within that 10% would be allotted 21,000,000/700,000,000 = 0.03 Btc.

I think we should start praying for such a time when even 10% of world population would be using Bitcoin, to come real quick, because what it all translates to is some huge demand for very limited supply of coins. Imagine the huge scarcity that would create in the community, the price of Bitcoin would simply shoot to the moon. I think we should renew our efforts to bring more and more people into the community because it stands to do us all much good.

It is possible everything that you say,the more the users the highest are the demands.Remember that not all the time the value is stable,so for us today who learned it already knew it must also do our part,like introduce it to those who are interested and willing to experience what bitcoin has to offer to everyone.That time that would be a gives a very good outcome for us now who already using it.

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Quote from: pinkpanther03 on January 18, 2017, 09:30:25 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

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It would be heaven on earth at any point in time that even 10% of world population would adopt Bitcoin as everyone in possession of some coins is assured to be rich. Presently there are about 7 billion people occupying planet earth, 10% of which would be 700,000,000 and Bitcoin by nature have an upper limit of 21 million coins, let do a little maths: on the average each person within that 10% would be allotted 21,000,000/700,000,000 = 0.03 Btc.

I think we should start praying for such a time when even 10% of world population would be using Bitcoin, to come real quick, because what it all translates to is some huge demand for very limited supply of coins. Imagine the huge scarcity that would create in the community, the price of Bitcoin would simply shoot to the moon. I think we should renew our efforts to bring more and more people into the community because it stands to do us all much good.

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Quote from: pinkpanther03 on January 18, 2017, 09:30:25 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.

Nope, I think we will still be at less than 30% by that time, that's the maximum that I could think. Unless a great miracle happen and bitcoin was being introduced to the locality as money. It's true that the increase in bitcoin user would make the price increase but it doesn't mean that everyone will be rich. It is only for those who have huge investment in bitcoin. The scenario that I could think when 2022 arrive is that it will be harder to earn bitcoin that time by working. For sure, rewards for micro jobs won't be that big anymore.

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