16 years ago

[Findingnemo]

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.

[taufik123]

Of course, there will be a lot of things happening with Bitcoin in the future.
And we can see now how Bitcoin caused an uproar with its incredible rise and became the most successful digital currency today and remains decentralized.

16 years is still a pretty young age and this is still early for Bitcoin, we will see Bitcoin continue to grow in the future and Bitcoin is not fully mined.

I dream that Bitcoin will become a very important digital currency for the world in the future and it will be a real payment revolution and also integrated with increasingly advanced technology.

[Bobcrypto]

Yes, it is worth commendable for this past 16 years, it has a very tough beginning, even from the time of my entrance into the crypto community in 2016, Bitcoin has actually overcome very difficult challenges. As at 2017, there were so many people that predicted that Bitcoin was a bubble ready to burst, there are those that said Bitcoin was a ponsi scheme, while others sees Bitcoin as a scam etc.
Time has gone by and Bitcoin is still going stronger, braking barrier, hitting All time High at different seasons, i must say that 16 year of Bitcoin existences is worth celebrating, even as I read on social media that President Donald Trump has done few days ago.
Finally, I am optimistic that the next 16 years is going to be massive pumps, mass adoptions, innovations etc. Bitcoin will be on the moon!

[MUGNIA]

what else can happen in the next 16 years?

If it reaches 16 years, BTC will form something extraordinary, where from being worthless to being valuable, at the beginning of the BTC lit, we know that it has no value, so it is often looked down on, but look, ten years of BTC can already make changes, what's more, 16 years from now, it can't be predicted, in my opinion, what is certain is that in my mind the price of BTC will definitely be higher than it is now

[debra]

16 years is not a short time. There are many things that have happened to Bitcoin and the community during this 16 years. Starting from its price that has no value, to its development which is always accompanied by its ups and downs, various media that cover it, both good and bad news to FUD, and how complex people's views on Bitcoin are so far. This is quite complicated and this is indeed the process]. that's why we are in the current phase, where Bitcoin is much more appreciated, trusted, and also considered as something that is serious, and can provide a much more decent life. this is enough and we are progressing more than it.

[erus]

I didn't hear that Trump is celebrating this anniversary, that's very good but are there any links to the news?

my bad! i forgot to add a link but here is what trump posted on his x account

“I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper,” Trump posted on Twitter, now known as X. “We will end Kamala’s war on crypto, & Bitcoin will be MADE IN THE USA! VOTE TRUMP!”
~snip~

I have read the article you sent and it seems to me that Donald Trump is in a position to promote himself for the US presidential election. With such a statement, Donald Trump certainly wants a lot of votes to attract attention and win to become the US President. Tuesday, November 5, 2024 Election United States President . I also checked on Google that the date is for the US Presidential election.

Code: [Select]

what else can happen in the next 16 years? 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.

[MRY]

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?

The story of Bitcoin comes as quite a journey from an internet idea to becoming a global phenomenon. In 16 years we have seen this innovation expand from its role as a strictly peer-2-peer exchange and now has significant role in the world financial markets.

Based on such a development, it is hardly possible to imagine what the further 16 years might offer. Bitcoin and blockchain technology could be even deeper entrenched in some of the sectors as other enhancements and full potentials that one could not even foresee occur.

[yhiaali3]

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.

There are many who believe this is possible, but I think this is too optimistic. But it can only happen in one case, when inflation occurs and the value of the dollar drops significantly.

[bitterguy28]

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.

you are right that it is too optimistic i mean i have no doubts that bitcoin will still rise but if in 16 years bitcoin was able to reach $70k~ approximately only then i don’t know if we can achieve $70k to be added on previous ath every cycle

for sure though that bitcoin will still rise especially with everyone adopting it and governments being interested

There are many who believe this is possible, but I think this is too optimistic. But it can only happen in one case, when inflation occurs and the value of the dollar drops significantly.

yeah it is optimistic but we never know anything could happen and we see that other countries are targeting usd and are pushing for dedollarizatin so maybe there is truth in this prediction

[Mr. Magkaisa]

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?

        -      Also the speed of time, it seems that bitcoin has only been created since 2008 and now it is 2024. Now the answer to your question is all I can say is that no one knows what will happen 16 years from now, because we don't even know if we will still be alive or not.

Maybe if the world doesn't collapse and we're still alive, every single Bitcoin will probably be expensive, and many lives will improve because of bitcoin and top cryptocurrencies for sure will still remain in this industry.

[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?

There are many who believe this is possible, but I think this is too optimistic. But it can only happen in one case, when inflation occurs and the value of the dollar drops significantly.

I also seemed to have added wrong, instead of I will write 0.1 dollars for 1 satoshi but instead wrote 1 dollar and it seems like I was in a hurry to do a post without having to "Preview" my post first that will be made. But basically I will continue to be optimistic for the price of Bitcoin will definitely rise because of the limited Bitcoin supply factor.

[yhiaali3]

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.

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.

Here Table shows some expectations until 2050

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

[jay_edwards]

I guess Bitcoin will be the first crypto further. He wasn't surpassed earlier, so there is nothing which can become the first crypto in the world, Bitcoin will be growing further

[KingsDen]

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?

Alot has happened since the past 16 years Bitcoin was created. Lots of problems solved, claims clarified and myths defeated. I believe that in the next 16 years, Bitcoin will advance even more and develop on areas that need to be developed. One of the areas I am very positive about is the issue of bitcoin mining energy consumption.

By 2040 or even before we get to that year, lots of miners must have migrated to a renewable energy source and there will no longer be complaints on this issue. By them almost all the 21 million bitcoins must have been mined which means the energy needs will reduce also.

[Gurujebs]

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?

If only we know how Bitcoin will be today, some of us would have trade our life for it but we absolutely know nothing and again, most of us that are advocating for Bitcoin today as maximalist were in another dimension of life doing one or two things. I was basically focus on my studies and had no idea about the existence of Bitcoin.

If anyone says they know what is going to happen in the next 16 years they are absolutely lying, they don't know because nobody knows what exactly the faith of Bitcoin. The only thing we can do is to be optimistic about the future and hope the way the way some political leaders are using Bitcoin to campaign, they one day allow it do it's purpose.