The future of Crypto
Member Since Feb 22, 2011
4862 posts
Jul 17, 2019 at 06:58
smith_fx posted:Molly141 posted:
Does Crypto have a future?
Crptocurrency is the most exciting currency of the 21st century. Cryptocurrency and bitcoin specifically is taking over the world. As far as its future is concerned i think it has a bright future ahead. The growing demand for cryptocurrency is one reason for a great future ahead. They are making the world move towards a digital currency . The future of crpto accounting may be complex but technology has opened a new opportunity to solve the challenges of various industries.
In near furture , cryptos might be the standard acceptable means of transacting. They will replace the fiat currency in near future.So , i believe that cryptocurrency will rise in future.
It will indeed.
For example take Iran. They hate USA and yet they have to support petro dolar by trading oil for USD.
Imagine thay would use crypto for trading oil.
Transactions would become fast, safe, international and NOT regulated by any dominant power.
Jul 17, 2019 at 09:32
I think Crypto will only survive if the price becomes stable and stops begin so volatile. No one uses Bitcoin to actually by anything or use for their savings account because the price is too volatile and banks do hold checking accounts in it. Unless the volatility problem is solved either by fixing the price or pegging it against a basket of currencies then crypto will remain a niche product
Member Since Feb 22, 2011
4862 posts
Jul 17, 2019 at 09:59
Bansheedo posted:
I think Crypto will only survive if the price becomes stable and stops begin so volatile. No one uses Bitcoin to actually by anything or use for their savings account because the price is too volatile and banks do hold checking accounts in it. Unless the volatility problem is solved either by fixing the price or pegging it against a basket of currencies then crypto will remain a niche product
Crypto will remain volatile. It is due its own nature. But after each drop there is period of crazy growth.
On the other hand it is asset like gold, its amount is limited and thus opposite the fiat money its value will grow.
Fiat money are printed out of thin air decreasing its value on purpose.
Why? Because goverments are heavily indebted and that way they decrease the value of such debts.
Jul 21, 2019 at 13:50
togr posted:Bansheedo posted:
I think Crypto will only survive if the price becomes stable and stops begin so volatile. No one uses Bitcoin to actually by anything or use for their savings account because the price is too volatile and banks do hold checking accounts in it. Unless the volatility problem is solved either by fixing the price or pegging it against a basket of currencies then crypto will remain a niche product
Crypto will remain volatile. It is due its own nature. But after each drop there is period of crazy growth.
On the other hand it is asset like gold, its amount is limited and thus opposite the fiat money its value will grow.
Fiat money are printed out of thin air decreasing its value on purpose.
Why? Because goverments are heavily indebted and that way they decrease the value of such debts.
You are absolutely right! The maximum number of BTC is around 21 Million (17 Million in reality)! So, the supply is limited.
Member Since Feb 22, 2011
4862 posts
Jul 22, 2019 at 06:46
AmDiab posted:togr posted:Bansheedo posted:
I think Crypto will only survive if the price becomes stable and stops begin so volatile. No one uses Bitcoin to actually by anything or use for their savings account because the price is too volatile and banks do hold checking accounts in it. Unless the volatility problem is solved either by fixing the price or pegging it against a basket of currencies then crypto will remain a niche product
Crypto will remain volatile. It is due its own nature. But after each drop there is period of crazy growth.
On the other hand it is asset like gold, its amount is limited and thus opposite the fiat money its value will grow.
Fiat money are printed out of thin air decreasing its value on purpose.
Why? Because goverments are heavily indebted and that way they decrease the value of such debts.
You are absolutely right! The maximum number of BTC is around 21 Million (17 Million in reality)! So, the supply is limited.
Not counting that huge part of total supply is considered as lost.
Member Since Feb 22, 2011
4862 posts
Jul 22, 2019 at 10:31
Imagine 20 millions BTC (all btcs available rounded) for 10 billions of people (all people on earth in near future rounded.
Average owner would posses 20,000,000 / 10,000,000,000 = 0.002 BTC. Today it does not mean anything but once such small amount would be average amount hold by one person.
So if we take it like monthly sallarry lets say $2000
0.002 BTC = $2000
1 BTC = $1,000,000
Imagine that. :)
Average owner would posses 20,000,000 / 10,000,000,000 = 0.002 BTC. Today it does not mean anything but once such small amount would be average amount hold by one person.
So if we take it like monthly sallarry lets say $2000
0.002 BTC = $2000
1 BTC = $1,000,000
Imagine that. :)
Member Since Aug 27, 2017
994 posts
Jul 22, 2019 at 14:42
Mulberry posted:
What if people move to another faster Crypto with less price volatility that can actually be used as a currency. This will reduce Bitcoin to a pointless antiquated joke that no one wants to hold. Price will fall to nothing
Bitcoin is the mother of crypto currency and it will be!
Member Since Feb 22, 2011
4862 posts
Jul 24, 2019 at 11:57
Mulberry posted:
What if people move to another faster Crypto with less price volatility that can actually be used as a currency. This will reduce Bitcoin to a pointless antiquated joke that no one wants to hold. Price will fall to nothing
That is highly unlikely, there are already coins with fast transfers with minimal costs, like BNB.
Yet it is true its value is rising but it is correlated to BTC price.
I always prefer to diversify the risk so yes it is good idea to hodl the portfolio of coins like BTC, ETH, XRP ,BNB.
Jul 28, 2019 at 11:30
togr posted:Mulberry posted:
What if people move to another faster Crypto with less price volatility that can actually be used as a currency. This will reduce Bitcoin to a pointless antiquated joke that no one wants to hold. Price will fall to nothing
That is highly unlikely, there are already coins with fast transfers with minimal costs, like BNB.
Yet it is true its value is rising but it is correlated to BTC price.
I always prefer to diversify the risk so yes it is good idea to hodl the portfolio of coins like BTC, ETH, XRP ,BNB.
I also like BNB; because the total supply is very limited and the use case is huge!
Member Since Aug 27, 2017
994 posts
Jul 29, 2019 at 05:42
Maybe; but I see; there have enough numbers of new coins with enough potential as like Wave, Vechain etc!
Member Since Feb 22, 2011
4862 posts
Aug 28, 2019 at 12:33
So BTC vs USD is going nowhere far from $10,000
What is your short/long term prediction
Mine short - hanging around 10,000, long - jump to like $40,000
What is your short/long term prediction
Mine short - hanging around 10,000, long - jump to like $40,000
Aug 28, 2019 at 16:14
togr posted:
So BTC vs USD is going nowhere far from $10,000
What is your short/long term prediction
Mine short - hanging around 10,000, long - jump to like $40,000
40K would be really great! The future is really bright; but what’s the duration (for 40K)?
Member Since Jul 20, 2019
372 posts
Aug 29, 2019 at 06:03
AmDiab posted:togr posted:
So BTC vs USD is going nowhere far from $10,000
What is your short/long term prediction
Mine short - hanging around 10,000, long - jump to like $40,000
40K would be really great! The future is really bright; but what’s the duration (for 40K)?
Maybe until the end of 2020 I'd say.
patience is the key
Member Since Feb 22, 2011
4862 posts
Aug 29, 2019 at 06:49
AmDiab posted:I suppose about a year, it is hard to predict as BTC is able to jump 50% in 5 daystogr posted:
So BTC vs USD is going nowhere far from $10,000
What is your short/long term prediction
Mine short - hanging around 10,000, long - jump to like $40,000
40K would be really great! The future is really bright; but what’s the duration (for 40K)?
Member Since Aug 29, 2019
11 posts
Aug 29, 2019 at 09:59
What makes you think $40,000 is a potential target? is that based on some kind of cost to mine data?
Member Since Feb 22, 2011
4862 posts
Aug 29, 2019 at 10:24
flashoutline posted:
What makes you think $40,000 is a potential target? is that based on some kind of cost to mine data?
You are welcome to post your estimation if you think to sdo it bvetter.
Aug 29, 2019 at 19:10
I think it should have much more growing cryptocurrencies and diversed a lot cause not everyone have some money to invest here in all that no matter what. Do you really see that all happen or not ? You need to invest in that and test, test, test.
