16 years ago

[0t3p0t]

The taxation of transactions is insane, the profit generated by the purchase/sale of cryptocurrencies can be taxed and this is quite normal today in all countries that have a logical tax collection system. However, I have no doubt that in the event that BTC becomes much more popular than today, some countries will resort to some measures to discourage people from paying with BTC, but p2p transactions will never be part of any regulation, of course if such transactions are sent from non - custodial wallets.

Some governments tried to tax even the transfers but they just led to people use offshore exchanges that doesn't comply with their policies or just p2p then the government can't find the transfer itself. Some regulators hate bitcoin that is why they are ready to make any policies that discourage it's use but no matter what they try it's proven that it can't be banned so the best thing they can do is to regulate with fair tax rates that will bring more taxation from the people to the government.

They actually succeeded with their plans in implementing tax but only in local exchanges everytime we transact withdrawals with our Bitcoin and other crypto. Here in my country those exchanges that does not comply will surely be banned and in this regard Binance is on the list together with other foreign crypto exchanges but still they are on it's never ending talking stage and Binance is still kicking as of this time I just don't understand why some say the feel something fishy this time.

[Tribalchief]

what else can happen in the next 16 years?

We can not really tell what will happen in the next coming 16years just as some sceptical people couldn't tell what is currently happening today (16years later). The most important thing is that we are currently part of today's success, which means that we will certainly be part of what's coming in the next 16years, and we all hope that it ends up good. 16years from now seem to be a very long time, which IMO, it's very difficult to give predictions, but the next 2-5 years seems very realistic to predict, and I believe Bitcoin might have hit a massive adoption rate, but there might be some few changes in tx fees and other things.

[kulkhan]

satoshi nakamoto released bitcoin’s white paper on oct 31 2008

today trump celebrates this anniversary

if we think about it, it’s crazy how bitcoin has evolved from what used to be just a mean of peer to peer exchange and now it is globally well known and is breaking through financial markets

in 16 years, bitcoin has evolved into what we see it now

what else can happen in the next 16 years?

In this 16 years A revolution happened for Bitcoin. After start Bitcoin price $0.10 to $73k+ Only 16 years has been passed. Few years ago Bitcoin was unpopular and now Bitcoin is huge popular and i think most of the people of world are know Bitcoin. Now a days Bitcoin is well-known.

And gradually Bitcoin's popularity increasing. Huge people taken Bitcoin as earning source. I think within short time Bitcoin will be most popular and most uses currency in world economy.  Today'Bitcoins marketcap $1.3T.

[Asiska02]

In the next 16 years is a very long time from now that bitcoin would have witnessed about four halving events from now. It is very unlikely we know what will be of bitcoin by that time, but we remain optimistic that the resultant of it remains that it’ll be a very strong currency we can hold on to forever. The bitcoin market is very much expanding and by that time the adoption of bitcoin will most have gotten more interest which will make the currency more stronger and more attractive to use by all. For Trump to have made some speech about the bitcoin white paper and also celebrates its anniversary, it is definitely going to be a time that we’ll see bitcoin price witnessing some changes as a result of the election that’s going to happen soon.

[erus]

Bitcoin after 16 years is now very expensive and certainly if Bitcoin passes 16 years later with the assumption of 16 + 16 = 32 years, the price of Bitcoin will certainly feel very expensive. One day there will be many who trade and fight over Bitcoin and maybe for the smallest decimal fraction of Bitcoin is 1 Satoshi could be 1 dollar. This is only my opinion.

I like your optimism about the future of Bitcoin, but I think it is too optimistic to see 1 Satoshi being worth $1 in just 16 years!!!
For 1 Satoshi to be worth $1, the price of one Bitcoin would have to reach $100 million because 1BTC = 100 million Satoshi.

That's right, I think it's too positive and it will definitely take quite a long time if 1 Satoshi can reach 1 dollars. Maybe it's better to be 0.1 dollars for 1 Satoshi if later 16 years from now, isn't that still reasonable?
Seeing from Google to confirm the current price of 1 BTC around $ 68,907 with a conversion of $ 0.1 get a price of 0.00000150 Satoshi. Do you agree if 16 years later from now on the price of 1 Satoshi can be the same as 0.1 dollar?

Yes, $ 0.1 looks acceptable for more than $ 1, but it remains high as well, because the price of $ 0.1 per satoshi means that Bitcoin equals 10 million dollars and this is also high in my opinion, it is difficult for Bitcoin to reach this number within 16 years from now.

1. if 1 BTC = 100.000.000 USD is 1 Satoshi = 1 USD
2. if 1 BTC = 10.000.000 USD   is 1 Satoshi = 0.1 USD
3. if 1 BTC = 1.000.000 USD     is 1 Satoshi = 0.01 USD

This is a calculation that is listed in a table, isn't your thinking like the table above?

According to my estimation, bitcoin can reach $ 1-3 million at the latest, some experts believe that the price of bitcoin can achieve it by one million dollars by 2030, while others believe that it will achieve $ 2.9 million by 2050.

That means I have to be more patient to wait until 2030 because all experts have said that in 2030 the price of Bitcoin will reach 1 million USD and that is equal to 1 Satoshi = 0.01 USD, isn't that right?

Here Table shows some expectations until 2050

https://www.benzinga.com/money/bitcoin-price-predical

I checked it on Benzinga website and I found Bitcoin price neatly arranged. But unfortunately it seems you inserted an image from www.talkimg.com and strangely in my browser the image is not visible. I have used Tor , Mozilla Firefox , Opera and Google browser to see it but still not visible.

[bayu7adi]

satoshi nakamoto released bitcoin’s white paper on oct 31 2008

today trump celebrates this anniversary

if we think about it, it’s crazy how bitcoin has evolved from what used to be just a mean of peer to peer exchange and now it is globally well known and is breaking through financial markets

in 16 years, bitcoin has evolved into what we see it now

what else can happen in the next 16 years?

Of course, there will be a lot of people's hopes for Bitcoin in the future, but we also shouldn't expect too much for something that is still uncertain... just hold it if you still believe in Bitcoin for the next few decades... what needs to be remembered is that there are still many people who want Bitcoin to survive, even for ETF price matters, it can be a guarantee that you will not lose by holding BTC for a long time.

Knowing the opportunities must also be accompanied by knowing the risks... don't let us be too FOMO on Bitcoin to the point of going all in, that is not justified. Because we could see something unexpected in the future.

[bitterguy28]

Of course, there will be a lot of people's hopes for Bitcoin in the future, but we also shouldn't expect too much for something that is still uncertain... just hold it if you still believe in Bitcoin for the next few decades... what needs to be remembered is that there are still many people who want Bitcoin to survive, even for ETF price matters, it can be a guarantee that you will not lose by holding BTC for a long time.

despite the high prices of bitcoin i am trying my best to not succumb into it as i plan on holding for longer even if i do end up selling a portion of what i hold once the bull run peaks, i will still make sure to buy more during the bear cycle we do not know what could be the price of bitcoin specifically in the future but i think it would remain secure and safe to hold your money in

Knowing the opportunities must also be accompanied by knowing the risks... don't let us be too FOMO on Bitcoin to the point of going all in, that is not justified. Because we could see something unexpected in the future.

i second that despite the positive possibilities of bitcoin we should remain unemotional and logical we do not want to rush into things we are not yet ready for just buy the amount you can afford right now and build up to it

[SmartGold01]

today trump celebrates this anniversary
Is there any thing to back up this post about Trump celebrating bitcoin, as I know he is only giving positive waves to it than calling it celebration. Though there are more chances that he may legalized bitcoin if he turns out to win again as the US president.

what else can happen in the next 16 years?

I think adoption would take place, and it would be mostly used as money to spend on most of the places and lots of companies will start accepting bitcoin, as a matter of fact bitcoin will be used as a regular money for online payment.

[yhiaali3]

Here Table shows some expectations until 2050

https://www.benzinga.com/money/bitcoin-price-predical

I checked it on Benzinga website and I found Bitcoin price neatly arranged. But unfortunately it seems you inserted an image from www.talkimg.com and strangely in my browser the image is not visible. I have used Tor , Mozilla Firefox , Opera and Google browser to see it but still not visible.

Thanks for alerting me, I didn't notice this mistake I copied the link correctly but it seems that the page address has changed or I don't know what happened but this is the correct link:
https://www.benzinga.com/money/bitcoin-price-prediction

As for the site https://www.talkimg.com/ it seems that there is a temporary failure in the site, the site does not open so the image does not appear, but the link is correct:
https://www.talkimg.com/images/2024/11/04/bRGWH.jpeg

[erus]

Here Table shows some expectations until 2050

https://www.benzinga.com/money/bitcoin-price-predical

I checked it on Benzinga website and I found Bitcoin price neatly arranged. But unfortunately it seems you inserted an image from www.talkimg.com and strangely in my browser the image is not visible. I have used Tor , Mozilla Firefox , Opera and Google browser to see it but still not visible.

Thanks for alerting me, I didn't notice this mistake I copied the link correctly but it seems that the page address has changed or I don't know what happened but this is the correct link:
https://www.benzinga.com/money/bitcoin-price-prediction

I think a website like Benzinga Dot Com will not have any mistakes because they must have a Quality Control team that is experienced in launching online media articles. But it's okay because they also immediately provide the correct information as you have provided the new link above.

As for the site https://www.talkimg.com/ it seems that there is a temporary failure in the site, the site does not open so the image does not appear, but the link is correct:
https://www.talkimg.com/images/2024/11/04/bRGWH.jpeg

I found information in the picture that in 2025 the price of Bitcoin will reach 84,200 USD and I think that value is very close because the current price of Bitcoin is only around 15,000 USD (currently Bitcoin is around 68-70k USD). In your opinion, is the target value of Bitcoin around 84,200 USD still rational to achieve in 2025?