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Do you use BitcoinTalk? What's next for Bitcoin?

Discussion in 'CryptoCurrency' started by webdesign, Aug 18, 2014.

  1. webdesign

    webdesign Jr. VIP Jr. VIP Premium Member

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    Curious to get opinions from around BHW. Where do YOU see Bitcoin in 10years?

    Personally, I see two options. Either another digital currency creeps up that manages to make things more accessible to businesses & the general public or Bitcoin will become a much more evolved, instant version of the Bitcoin we see today.

    Sidenote: If you have an unused account on bitcointalk shoot me a message with a price and I'll take it of your hands.
     
  2. Apricot

    Apricot Administrator Staff Member Moderator

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    Moved to 'Cryptocurrency'.
     
  3. webdesign

    webdesign Jr. VIP Jr. VIP Premium Member

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    Thanks missed the new section. Huge price drop last few days. Thoughts?
     
  4. small_town_boy

    small_town_boy Power Member

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    I see Bitcoin in 10 years in much more simplified clients that are appealing to common folk, baby boomers and women. Currently, the reason people don't use Bitcoin is because it's too complicated. We need a service that would simplify it's use and storage.

    I am betting (gambling) that it will be around in 10 years and will prosper.

    If not - that's too bad then.
     
  5. myinternetempire

    myinternetempire Jr. VIP Jr. VIP

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    I think altcoin will take the place of BTC. Now BTC mining is almost dead. So i think altcoin have a good chance to take place of BTC.
     
  6. mckanute

    mckanute Newbie

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    I'll soon be hitting Sr Member at BitCoinTalk
     
  7. myinternetempire

    myinternetempire Jr. VIP Jr. VIP

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    Congratulation. I am full member with 170 activity at Bitcointalk.
     
  8. Patel

    Patel Senior Member

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    Grats! I am getting my Hero status soon :cool:

    As for my opinion, I think Bitcoin will do extremely well for the next 2-5 years, then an altcoin may take majority of the market. There are lots of factors that determine where BTC goes.
     
  9. myinternetempire

    myinternetempire Jr. VIP Jr. VIP

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    If, I am not wrong, Hero means 480 activity. That means you are on Bitcointalk for more than one year.
     
  10. Patel

    Patel Senior Member

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    I am more convinced that Bitcoin is now becoming "the blockchain" rather than "a blockchain"

    Sidechains basically allows innovation in altchains, without the altcoins. It makes bitcoin the reserve currency and blockchain of the cryptocurrency space.

    If the IOT (Internet of things) is built in a sidechain of bitcoin, then I would not be surprised to see bitcoin become the world currency.

    But I will say, sometimes the conspiracy theorist in me tells me that Bitcoin is going to be really bad. It is pretty much financial surveillance. All the places you buy/sell bitcoin ask for all your personal information, and they know what address you withdraw to. Buying bitcoins with cash is pretty risky. If you mix your coins, it's basically money laundering and can be detected very easily on the blockchain. There is no privacy with bitcoin which is the only flaw. Although, sidechains may fix this, but it will also centralize the mining much more.

    ===============
    Balaji S:
    Remember: #Bitcoin only fully "legalized" this year.
    Entrepreneurs can finally build w/o threat of jail.
    So - patience! The apps are coming.
    Even as late as Nov 2013, NYT opeds predicted a Bitcoin ban. Only now clear this will not happen. Uncertainty gone.
    There's still regulatory risk, but vastly less than 12-18 months ago.
    Mainly technical risk now.
    Means the institutional money can come in.
    Obvious but...even if entrepreneurs themselves were risk tolerant, removing Sword of Damocles over Bitcoin hugely increased customer base.
    In 2014, institutions that are now neutral to positive on Bitcoin: Govts of US/UK/Japan/Israel, WSJ, NASDAQ, Bloomberg, Goldman Sachs!
    The public endorsements by prominent individuals & institutions arguably more important than law per se. Provide shield for taking risk.

    ===============================


    PS: Got my Hero status :D

    [​IMG]
     
    Last edited: Nov 3, 2014
  11. HostKnight

    HostKnight Registered Member

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    I think Bitcoin will still be the top dog, Ethereum may take some of the glory.

    On the topic of price I think it will continue to slowly fall. More and more companies are accepting it and not enough people are buying more to cover supply & demand.

    It may be a few years before it reaches over $1000 again