Topic: Your Prediction For A Crypto / Fiat Flippening? (Read 349 times)
It's really hard to predict or say specific year since we never know how fast the adoption can happens and its limit. Even though great mass adoption may happen, of course it has its own limitations. Some government may legalized crypto but I bet, they won't let crypto to surpass fiat. But let's not remove the possibility it might happen, but I think it will take a lot of time before it can happen
It will probabily never surprass... The money is constantly being made while Crypto mining becomes less and lesser by day due to halvings and everything else related to specific algorithms.
Unless Crypto production amount becomes > money / fiat production amount i am not seeing how much Crypto could "beat" fiat amounts.
Unless Crypto production amount becomes > money / fiat production amount i am not seeing how much Crypto could "beat" fiat amounts.
I think you're asking when the fiat jubilee will arrive. The nature of the Jubiliee is that it can't be predicted. It will seem far off and impossible for longer than you think possible, then it will arrive more suddenly than you thought possible. When debts are almost all valued in a fiat unit, and that unit becomes worthless, those debts are effectively forgiven. From a subjective standpoint this couldn't come soon enough, however your 2030 estimate might be reasonable. To be prepared for the worst, consider that it might take until 2040 or even longer.
My prediction about cryptocurrency bitcoin and altcoin will be more profitable at the future with raised to higher price, by many companies have accepted bitcoin I think right now is the best moment for us to invest in bitcoin and altcoin.
Even if their price does not go up greatly, the demand in the cryptocurrencies will be great. With the development of blockchain, people start to understand they need Bitcoin and altcoins.
This absence of authority to regulate Bitcoin (and other Cryptocurrency) is expected to eliminate unnecessary costs such as those currently in force in the world financial system. These costs are considered as things that burden many people and make the economic system ineffective.
My prediction about cryptocurrency bitcoin and altcoin will be more profitable at the future with raised to higher price, by many companies have accepted bitcoin I think right now is the best moment for us to invest in bitcoin and altcoin.
first of all you are confusing "blockchain technology" with "cryptocurrency", secondly your analogy is off the mark.
what you said is like being in 20-30 years ago and when the first computers came out ask whether there will be any "digital" currency or digital banking using computers versus asking whether someday everyone would use YOUR bank.
with that said, the blockchain technology has a high chance of being adopted by the whole banking system and the "money" as we know it today which is partly physical (cash) and partly digital (the banking system, credit cards, online payments,...) will change its form to crypto-currency but that doesn't mean "A cryptocurrency" is going to be the one coin they all use. it is just money changing its form.
what you said is like being in 20-30 years ago and when the first computers came out ask whether there will be any "digital" currency or digital banking using computers versus asking whether someday everyone would use YOUR bank.
with that said, the blockchain technology has a high chance of being adopted by the whole banking system and the "money" as we know it today which is partly physical (cash) and partly digital (the banking system, credit cards, online payments,...) will change its form to crypto-currency but that doesn't mean "A cryptocurrency" is going to be the one coin they all use. it is just money changing its form.
This analogy with Graphene is awesome
And sad... Graphene is better than a lot of things, but is is also very expensive. The thing is to find what use blockchain could have that is not only better than Fiat, but also cheaper.
Maybe one day people will realize how expensive banks and government are. And they will chose to take care of their money
And sad... Graphene is better than a lot of things, but is is also very expensive. The thing is to find what use blockchain could have that is not only better than Fiat, but also cheaper.
Maybe one day people will realize how expensive banks and government are. And they will chose to take care of their money
Have you realized how funny your question is looking at the answers above? Bitcoin is very new type of currency. Its market capitalization is just ridiculous, this is why I think it is very undervalued and I invest in btc.
I don't think that LN could change the entire situation of Bitcoin. I believe that it has a big impact yet if we'll look back in the history of Bitcoin, we could all see that it moved on its own way despite different influences along the way. If larger businesses and online companies would accept bitcoin, that's the best influence that could bring bitcoin into a better place.
That is already inprogress. Many companies are implementing their private blockchain to make their business in one stream security procotal and then to tighten up their security gateway and information.
If the bitcoin is being accepted in Russia, China and UK.
I am sure definetely world market will seriously give big attention to the bitcoin and crypto marketplace.
How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies?
IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".
To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).
Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.
If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL
I think it'll be lmat impossible to see Bitcoin surpass the daily fiat volume across all the different daily payment mediums that exist. PayPal alone dwarfs Bitcoin and I don't think that, without substantial growth, that the Bitcoin community will be able to grow past that. You also need to have a vibrant economy that can encourage the transactions, and Bitcoin is currently limited in that respect. It used to be pretty big before with big-box retailers accepting Bitcoin, but it has shrunk somewhat. A lot of the transactions come from casino users and smaller shops to my knowledge. If Amazon-lites like Newegg and Overstock rekindle their interest in Bitcoin, we could see a daily volume flip in the future, but there is still a ton of growth to go through. 2025-2030 may be too early to see that growth occur. IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".
To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).
Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.
If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL
I don't think that LN could change the entire situation of Bitcoin. I believe that it has a big impact yet if we'll look back in the history of Bitcoin, we could all see that it moved on its own way despite different influences along the way. If larger businesses and online companies would accept bitcoin, that's the best influence that could bring bitcoin into a better place.
How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies?
IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".
To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).
Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.
If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL
IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".
To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).
Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.
If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL
I noticed Graphene. But I didn't quite understand. What did you mean by the similarity between Graphene and Blockchain? And what exactly is this Graphene?
Graphene is another carbon form or carbon fiber composed of one layer of carbon atoms and arranged in a honeycomb lattice. This is a new technology in the chemical industry that is now on the rise. Graphene is also called magical material.
The first application of graphene will be used to replace indium selenide in solar cells and there are still many other uses of graphene. This material and technology is relatively new and is now receiving great attention from researchers, just like the blockchain (The same in new technology but different fields).
This Link will explain the Graphene generally: https://en.wikipedia.org/wiki/Graphene
People say by 2020 we will all be using bitcoin as a payment system. Really? In my opinion, it is doubtful. bitcoin is good for trading them, but as a serving coin there are more successful altcoin units. What do you think?
If we talk only about payment systems, maybe I will believe that bitcoin will be faster than classic visa transactions. if we say that it alone will command the market, I doubt it. People say by 2020 we will all be using bitcoin as a payment system. Really? In my opinion, it is doubtful. bitcoin is good for trading them, but as a serving coin there are more successful altcoin units. What do you think?
I would not dismiss large service companies that run their token. for example, paypal, instagram, microsoft. I had a little time to earn extra money when writing forecasts on the taklimakan. and I do not plan to sell tokens just for bitcoin. trader's portfolio must be balanced 
How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies?
IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".
To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).
Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.
If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL
IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".
To use some analogy, Graphene and the Blockchain tech can both do a lot of wonderful things - both are wonder technologies with extremely high potential applications. With both Graphene and Crypto currencies, we know that the underlying potential is huge. However, the challenges are also there. First, you have to come up with a way to use these properties for beneficial applications. Then, you have to scale fast enough while keeping it low cost, which so far hasn't been the case for most cryptos including bitcoin(tx fees,scaling issues) or graphene(high costs for large scale productions).
Even though none of us currently use crypto for day-to-day purchases, the market cap is very high - which is all due to pure speculation, or what I would call, emerging market value. It’s the market that determines ubiquity or obscurity of technology, and it does not care how a technology works; it cares about what problems that technology solves.
If the blockchain tech succeeds in solving the issues facing fiat currencies both physical and digital, one thing is certain. The market cap will grow hundredfold, and it's going to imitate the stock market as a device for transferring money from the impatient to the patient. So HODL
I noticed Graphene. But I didn't quite understand. What did you mean by the similarity between Graphene and Blockchain? And what exactly is this Graphene?
People say by 2020 we will all be using bitcoin as a payment system. Really? In my opinion, it is doubtful. bitcoin is good for trading them, but as a serving coin there are more successful altcoin units. What do you think?
The "Fiat Flippening" is a pipe dream at this moment, because Bitcoin without the Lightning Network will not be able to scale to reach that level. The Lightning Network is still in it's baby shoes and highly experimental, so the kinks still needs to be sorted out before the scaling issues could be resolved. 
I just know when this happens, most of us can stop working and go on early retirement, because the impact on the price will be huge!
True. Some people are way too optimistic in this aspect. So many people think that the LN is fully functional and adoption rates will suddenly increase just like that which is why they need to do their research.I just know when this happens, most of us can stop working and go on early retirement, because the impact on the price will be huge!
I am happy that the Neutrino protocol related to LN will help speed up the development of LN soon and more and more people are using segwit addresses which is another good sign.
BTC is 10 years old and accounts for less than 0.01% of all purchases.
So at the current rate about 5000 years.
So at the current rate about 5000 years.
The "Fiat Flippening" is a pipe dream at this moment, because Bitcoin without the Lightning Network will not be able to scale to reach that level. The Lightning Network is still in it's baby shoes and highly experimental, so the kinks still needs to be sorted out before the scaling issues could be resolved.
I just know when this happens, most of us can stop working and go on early retirement, because the impact on the price will be huge!
I just know when this happens, most of us can stop working and go on early retirement, because the impact on the price will be huge!
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