Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Interpol on December 11, 2024, 02:45:38 PM
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Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
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I am seeing Bitcoin to even enlarge its dominance as years will be coming by and at the same time it would slowly evolve a lot more than what we seeing it right now. As a digital asset that has become the biggest target of speculations all over the world and now recognized even by Wall Street with the ETFs on the market, people who are holding Bitcoin are now looking to one day experience its promised 1 million dollar price tag. That can come a decade or even more from 2024 though this is also just another speculative prediction on my part. Bitcoin is carrying the banner of the whole cryptocurrency industry and I know that this industry is poised for greater growth and expansion in 2025 and beyond sans crypto winter, of course.
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Yes, these features has made Bitcoin a unique asset class, and a potential to change the economy of many nations of the world.
Bitcoin Capped supply, immutable, strong network effects, decentralization make it better in changing the economy. It is important to further highlight some advantages that will enhance its capacity over Fiats. Bitcoin is regarded as a store of value and a hedge against inflation. Obviously, Bitcoin is a digital Gold.
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Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
They have been dominating since their creation, and I don't see any reason why they will lose their dominance in the market. I just ignore those developers that claim that they have a project that can beat Bitcoin's dominance.
The fact that it evolved into something great more than ten years ago means it will continue to evolve into something greater than what we are experiencing today; we are good now, and we will keep growing better.
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Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
Bitcoin is well recognized by every financial authorities and it is then being used as a legal means of making payments, we can afford to get in more of these by is adoption and other applicable uses we want to have it on our finances, it can change an economy if the principles regarding its network are strictly followed, we can also get more of bitcoin the more we are using it for our day to day uses, because its a p2p network and also being decentralized.
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Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
BTC is the alternative for Gold because BTC have more benefits than Gold and more profit too. People nowadays don't even talk about Gold anymore they just want BTC a thing that they can take with them anywhere and can see it anytime. They cannot have this with Gold and they cannot make such profit with Gold too.
Powell also said BTC is going to replace Gold as digital Gold because people will be preferring it over Gold.
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considering BTC has been in major news channels on international channels i think BTC will be changing economy wildly. more and more leaders are recognizing Bitcoin for it offers freedom from sanctions.
although there is no assurance yet whether BTC will finally be among the reserves, the price of it today seem to be too attractive for investors. if they consider BTC a digital gold so be it.
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Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
It will surely eveolve into something bigger given that super power nations are seeing it as an alternative reserve. I've sse in news that the USA is interested on it so as Russia and maybe China as well so no doubt there is a big surprise waiting for the Bitcoin community in the coming months or years.
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I've seen in news that the USA is interested on it so as Russia and maybe China as well so no doubt there is a big surprise waiting for the Bitcoin community in the coming months or years.
I could not imagine what can be the price of Bitcoin once three big countries with the biggest economies will decide to include BTC on their strategic reserve. Once USA will go for it there can be a big chance that the other two will start to look at this possibility and also make mining a very legal activity in their boundary so they can have their own supply of Bitcoin. We know that China made a blanket ban on cryptocurrency years ago but there is a big chance they would modify this stand to allow Bitcoin to come in once again. Russia can be using Bitcoin to overcome many of the economic difficulties it is facing and to circumvent the embargo imposed on it by many countries sympathetic to Ukraine. In the coming years, we can be in for major surprises involving Bitcoin and I feel lucky to be a small part of this story.
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Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
Yes, actually I also believe that bitcoin will reach of high position in cryptocurrency market. I also believe that bitcoin is also change the economy in crypto currency would. So it's will be true that bitcoin remain in digital gold in cryptocurrency world. Because we know that bitcoin price is increasing gradually in crypto currency market. In this time bitcoin passing $100k, so I believe that after one year bitcoin pass $150k. Then i think that it will be changing our economic condition. So it will be great achievement for bitcoin or cryptocurrency world.
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Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
people might think that this is the biggest that bitcoin will ever be but i do not think so in fact i think this is only the start of bitcoin's massive adoption yes bitcoin is well known worldwide and there are countless of people using and holding bitcoin currently but i believe there will be a time where bitcoin will be the norm and kids would grow up knowing what bitcoin is because it is so commonly used by everyone in the society it will not be known as a niche up and coming trend from the fintech sector it will change the financial system and will be used by the average citizen in the future
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Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
- There are several countries that are already investing in bitcoin and some of them are El Salvador, and Bhutan which are not large countries but they have managed to invest in Bitcoin and now they are for sure profiting from the current price of bitcoin.
So if the government of each country is open and the government officials are not corrupt, it will definitely help the economy of each country.
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There have been many things that have happened with Bitcoin. Many people have seen its multiple deaths, and it has evolved to be a significant hedge and store of value. We all know the inflationary factor of USD.
I do see other countries following the current trend, transforming the finance stage, and improving the economy.
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Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
For the long run, there is something bigger ahead, while the dominance of Bitcoin in the market is and will be. The dominance of Bitcoin in the crypto market has made a tremendous stand that all other altcoins are affected and possibly controlled by direction with the effect of Bitcoin.
Bitcoin truly has been rated as Digital Gold. Bitcoin value keeps on with constant increase, I don't see devaluation in Bitcoin. I don't really know how Bitcoin will devaluate other native currencies, but, with the adoption of Bitcoin and crypto currencies, there will be positive effect on global economic systems.
The tag Bitcoin as a store of value has been for a long time, though it wasn't made public due to the different negative karma placed on it by different countries. Now, it is fully surfacing, and the big countries are making plans of fully adopting it's usage.
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The tag Bitcoin as a store of value has been for a long time, though it wasn't made public due to the different negative karma placed on it by different countries. Now, it is fully surfacing, and the big countries are making plans of fully adopting it's usage.
Unlike two countries, the countries have not announced the acceptance of Bitcoin legal tender, and its impact will be indirect, either through investment funds, taxes, company shares, and transactions that lead to economic improvement for individuals and societies, and it is necessary that the matter be reflected positively on the countries, but it does not have a clear and direct impact on the countries.
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I believe Bitcoin would maintain its dominance for a long time I can't predict what would happen in the future but with the present state I believe Bitcoin will maintain it's dominance. And from your question on bitcoin's role in a changing Economy I don't think Bitcoin can help amend as full as the economy of a country unless they are approved by the government and also administered a post in the economy for an example the way America has made it so large and also administered it that is the only way it can have a role to play in an economy else it would just help few individuals and that alone doesn't play any role in the economy.
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Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
It will also maintain its dominance and at the same time it can evolve into something even bigger too because the promises that Trump made are too bullish and after getting full power at 20 Jan the market will pump more and this digital Gold will be making more profit to its investors. And yeah role is changing as the Roger Ver also said in his latest interview that the motive is being changed.
BTC was meant to be a transaction system peer to peer based on decentralized infrastructure but somehow it is being moved to more centralization that no one can now save themselves from tax etc. because they can't hide how much they had and how much they made so they have to pay tax.
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Now a days Bitcoin is very popular and very important for world economy. Every sector of world economy Bitcoin roling there has no doubt. Day by day Bitcoin's user increasing and it being more popular. I think in future Bitcoin will more and more popular and Bitcoin will use every sector of world economy. Because day by day digital currency being comfortable for users. It's transaction fees are very low and earlier.
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Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
Bitcoin will always continue to maintain it dominance and still move on to the next level, with time, we should expect bitcoin to go more bigger as we have more other halving circles and the bullrun to make it all time high, also, the more the network remains immutable the stronger it becomes for the people to use it and the same we are going to see a massive increase from its level of adoption.
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Bitcoin will always continue to maintain it dominance and still move on to the next level, with time, we should expect bitcoin to go more bigger as we have more other halving circles and the bullrun to make it all time high, also, the more the network remains immutable the stronger it becomes for the people to use it and the same we are going to see a massive increase from its level of adoption.
Bitcoin is called digital gold. Because bitcoin is an asset. It is a trusted decentralized coin. There is no possibility of loss if you invest in Bitcoin. Most people invest in it. During the bull run, it is profitable several times. It is a trusted coin, so the number of investors in it is high. It has a lot of impact on people's lives. Because many people have become very profitable and wealthy by investing in it. So it can be said without a doubt that Bitcoin has a very good impact on the economy..
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Calling bitcoin as store of value itself a wrong statement, it's not meant to be a store of value or an alternate to gold in this digital era. It's just terms used among the internet community for bitcoin but the real purpose of Bitcoin is to be used for payments like it should be able to satisfy when someone buy a bag of grocery and pays in bitcoin which is the ultimate goal and yes we are on the path of achieving it.
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Everyone is saying that Bitcoin has changed a lot in the economy, but not a single poster has offered an example of the changes, so what major has thing has Bitcoin changed in the economy, not in your personal finances?
I always said that nobody would mistake their personal finance and personal business with the global economy, so while Bitcoin can shield your money from inflation and provide a secure way to store your wealth in terms of country-level economy the changes are minuscule at best!
Let's leave the thing about the obvious inexistent changes, what do you think might change and why?
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I believe Bitcoin would maintain its dominance for a long time I can't predict what would happen in the future but with the present state I believe Bitcoin will maintain it's dominance. And from your question on bitcoin's role in a changing Economy I don't think Bitcoin can help amend as full as the economy of a country unless they are approved by the government and also administered a post in the economy for an example the way America has made it so large and also administered it that is the only way it can have a role to play in an economy else it would just help few individuals and that alone doesn't play any role in the economy.
First and foremost, lets understand what an economy is all about, then i we explain further on how Bitcoin can positively boost the economy of a nation if adopted as a reserve, even as many nations are proposing a Bitcoin strategic reserves.
Now, an economy consist of production, Consumption, distributions, It also includes, international trades and Government.
Again, it is a system that is inter related with production, consumption and exchange activities, which also determined how nations resources are allocated among all participants in the country.
For example, a Bitcoin reserve kept for certain periods in the future can be used for production of good and services that will benefit everyone, that is, the end users or consumers etc.
In a nutshell, Bitcoin can help every citizen if it's returns are well distributed to the sectors of a nation economy, especially the areas that needed urgent attentions.
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but the real purpose of Bitcoin is to be used for payments like it should be able to satisfy when someone buy a bag of grocery and pays in bitcoin which is the ultimate goal and yes we are on the path of achieving it.
Things changed these days. If payment was the real purpose of Bitcoin, then an average block of ten minutes would be one minute. Sometimes, a block can be mined within a couple of seconds, and sometimes, it takes an hour to find a block. Imagine people around the world started using Bitcoin for their regular payment, the mempool will be congested like how it was when Runes and BRC-20 tokens were launched. The transaction fees will be up to $100, and it will be almost impossible to transfer the funds. Layer 2 could be a solution. But it is what it is now. Bitcoin is mostly seen as an investment right now. If not, why do you think institutions are planning for strategic Bitcoin investment?
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Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
Bitcoin relevance will always remain as well as dominance because it's now an acceptable digital currency all over the world, we are still hoping for more adoption than ever before from other areas that are yet to know about the various opportunities bitcoin can serve their delapidating economy, but some may not really key into this due to indecision, bitcoin is there to change an economy for good as well as improve on human economy and financial life.
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I've seen in news that the USA is interested on it so as Russia and maybe China as well so no doubt there is a big surprise waiting for the Bitcoin community in the coming months or years.
I could not imagine what can be the price of Bitcoin once three big countries with the biggest economies will decide to include BTC on their strategic reserve. Once USA will go for it there can be a big chance that the other two will start to look at this possibility and also make mining a very legal activity in their boundary so they can have their own supply of Bitcoin. We know that China made a blanket ban on cryptocurrency years ago but there is a big chance they would modify this stand to allow Bitcoin to come in once again. Russia can be using Bitcoin to overcome many of the economic difficulties it is facing and to circumvent the embargo imposed on it by many countries sympathetic to Ukraine. In the coming years, we can be in for major surprises involving Bitcoin and I feel lucky to be a small part of this story.
for now only America has just stated its support for btc, the price has skyrocketed, let alone the 3 countries you mentioned, especially if China changes its mind about btc, I am increasingly convinced that the price of btc will be higher than it is now.
Being part of the bitcoin story is happiness because having bitcoin in the future will be more difficult to achieve even in the amount of btc cents
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for now only America has just stated its support for btc, the price has skyrocketed, let alone the 3 countries you mentioned, especially if China changes its mind about btc, I am increasingly convinced that the price of btc will be higher than it is now.
What support? USA never supported btc, it's just because Trump is Bitcoin friendly, it does not mean that country supports it unless a new law stated that USA will make bitcoin as their reserve money,
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What support? USA never supported btc, it's just because Trump is Bitcoin friendly, it does not mean that country supports it unless a new law stated that USA will make bitcoin as their reserve money,
United State still not support yet with bitcoin as legal payment transaction awhile but Donald Trump have promised before will make bitcoin more friendly.
Can't fully believing with politician promising because their goals want to get vote from cryptocurrency community but waiting later when Trump officially become US president will make bitcoin more friendly at United State or bitcoin keep the same viewed from US not get regulation yet.
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What support? USA never supported btc,
Then how do explain this:
- top companies holding Bitcoin
- biggest ETF in the world
- biggest BTC custodial companies
- majority of the hashrate for bitcoin mining
- most Bitcoin ATMs
This achieved well before Trump said anything, how has this come to fruition if there would have been no support for it?
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for now only America has just stated its support for btc, the price has skyrocketed, let alone the 3 countries you mentioned, especially if China changes its mind about btc, I am increasingly convinced that the price of btc will be higher than it is now.
What support? USA never supported btc, it's just because Trump is Bitcoin friendly, it does not mean that country supports it unless a new law stated that USA will make bitcoin as their reserve money,
We have not seen what Trump will do later, January 20 will be inaugurated and see how Trump's promises and performance on Bitcoin or cryptocurrencies are.
If Trump continues to support it will certainly have a big impact on the crypto market including Bitcoin, it is only necessary to carry out the promises he has made before he was elected.
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What support? USA never supported btc, it's just because Trump is Bitcoin friendly, it does not mean that country supports it unless a new law stated that USA will make bitcoin as their reserve money,
United State still not support yet with bitcoin as legal payment transaction awhile but Donald Trump have promised before will make bitcoin more friendly.
Can't fully believing with politician promising because their goals want to get vote from cryptocurrency community but waiting later when Trump officially become US president will make bitcoin more friendly at United State or bitcoin keep the same viewed from US not get regulation yet.
It seems like it will be difficult to legalize Bitcoin as a legal payment in the country. Unless, in the Trump administration, he really wants to make significant changes related to the use of Bitcoin as a legal payment there. But it seems like there is no plan yet, only, Trump did express that there will be conditions that are much friendlier to Bitcoin. Who knows how friendly the application will be, whether it will also be on the regulations and so on.
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It seems like it will be difficult to legalize Bitcoin as a legal payment in the country. Unless, in the Trump administration, he really wants to make significant changes related to the use of Bitcoin as a legal payment there. But it seems like there is no plan yet, only, Trump did express that there will be conditions that are much friendlier to Bitcoin. Who knows how friendly the application will be, whether it will also be on the regulations and so on.
i think we can take these steps one at a time i mean i know we are all excited and we are all thinking of the possibilities of what can trump do and how big of a change can he make but we are only starting and the good thing here is that at least now we have politicians and authorities that are procrypto which i think should be and is the first part of creating a friendly crypto community which trump has done already so the question is what's next and i may not know the answer yet but i know that it will not be bitcoin being considered as a legal tender in the us and that much is what i can tell
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It seems like it will be difficult to legalize Bitcoin as a legal payment in the country. Unless, in the Trump administration, he really wants to make significant changes related to the use of Bitcoin as a legal payment there. But it seems like there is no plan yet, only, Trump did express that there will be conditions that are much friendlier to Bitcoin. Who knows how friendly the application will be, whether it will also be on the regulations and so on.
i think we can take these steps one at a time i mean i know we are all excited and we are all thinking of the possibilities of what can trump do and how big of a change can he make but we are only starting and the good thing here is that at least now we have politicians and authorities that are procrypto which i think should be and is the first part of creating a friendly crypto community which trump has done already so the question is what's next and i may not know the answer yet but i know that it will not be bitcoin being considered as a legal tender in the us and that much is what i can tell
We should be positive over bitcoin and the positivity around bitcoin currently is what keeps propelling the price currently because there are people literally on their own would never want to venture into bitcoin investment, but with the rate at which bitcoin is being waxed around the air and within all space couples with Trump pronouncement about bitcoin give them the basics foundation to entrust bitcoin the more. Usually they were thinking Bitcoin is scam or ponzi but with the rate at which the market has scaled up unexpectedly they have decided to venture and even Trump himself knows what the general public wants and that is legalization of Bitcoin.
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Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
For the moment, Bitcoin will definitely continue to maintain its dominance in the crypto market, while in the long run, it will have a much bigger picture in the entire world.
What Bitcoin will have in the future will be made visible in a little glimpse this year 2025, if there comes to be mass adoption and usage of Bitcoin by the government sectors of the world, where Bitcoin will face more demands than ever in the history of crypto currencies.
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for now only America has just stated its support for btc, the price has skyrocketed, let alone the 3 countries you mentioned, especially if China changes its mind about btc, I am increasingly convinced that the price of btc will be higher than it is now.
What support? USA never supported btc, it's just because Trump is Bitcoin friendly, it does not mean that country supports it unless a new law stated that USA will make bitcoin as their reserve money,
Mate, it depends on how you define a support, but in my opinion, if Donald Trump is just a crypto friendly president elect, i think it is still a supporter despite the facts that new laws are not yet in place.
in addition, everyone in a country may not be a supporter but a few that shows their support can represent the whole nation irrespective of the fact that they are limited in number.
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What Bitcoin will have in the future will be made visible in a little glimpse this year 2025, if there comes to be mass adoption and usage of Bitcoin by the government sectors of the world, where Bitcoin will face more demands than ever in the history of crypto currencies.
It will be a new history after El Salvador, because seeing in the past El Salvador began to adopt Bitcoin, many institutions began to buy bitcoin.
But if now other governments such as the US start to do mass adoption this will be the biggest positive news for bitcoin, especially now that Trump is intensively supporting Bitcoin and we will see soon Trump is inaugurated and what he will do for Bitcoin.
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Mate, it depends on how you define a support, but in my opinion, if Donald Trump is just a crypto friendly president elect, i think it is still a supporter despite the facts that new laws are not yet in place.
in addition, everyone in a country may not be a supporter but a few that shows their support can represent the whole nation irrespective of the fact that they are limited in number.
This is my going to be easy for Donald Trump, I know that we in crypto space are in patience since we are used to things been fast but trust me, a new law that protect and guidelines Bitcoin is not something the government will create that very fast, it will take time before it's been implemented and most likely not when we expect it.
Making a law to pass is like bringing a new thing into the system that doesn't want to see it. It will take a lot of lobbying and petting the law makers and congresy before we Bitcoin as a recognized asset in United state.
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Personally bitcoin has come a long way, from being labeled a fad to becoming a legitimate store of value. With global economies facing challenges like inflation and devaluation, I think Bitcoin’s use case as "digital gold" is more relevant than ever. Do you see Bitcoin maintaining its dominance, or will it evolve into something even bigger?
Bitcoin immediately works against inflation especially where the supply of paper money is infinite whereas the supply of Bitcoin is limited and this limited supply must work against inflation.
Where the supply is limited, the demand among the people will increase as time goes by but the value will increase slowly due to the limited supply whereas if there is a reserve deficit due to the endless supply of money then the bank can print paper money as a result of which inflation is widely observed.
But if you look at Bitcoin, you will see that it is not controlled by any third party, so there is no possibility to increase its supply because it is not controlled by any person or organization in the global market, so if the global economy is dependent on Bitcoin, then inflation can be reduced to a large extent.