future of BTC

Duke Silver · Apr 17, 2015

where do you think it will go?
die? go up or go down or stay 200-300$ in value?

RLdiamond · Apr 17, 2015

it will control over all currencies for almost a century, afterwards everything will crash and it will only be gold and silver.

Superfluous · Apr 17, 2015

Slow decline until someone invents something better

Xier0 · Apr 17, 2015

Superfluous said:
Slow decline until someone invents something better

What exactly would serve as a better alternative to BTC? I can't think of any desirable element that it particularly lacks for what it is used for.

Katherine · Apr 17, 2015

Xier0 said:
What exactly would serve as a better alternative to BTC? I can't think of any desirable element that it particularly lacks for what it is used for.

what do you mean? nothing better can come out than BTC? strange. things progress lol

Xier0 · Apr 18, 2015

Katherine said:
what do you mean? nothing better can come out than BTC? strange. things progress lol

No... I'm wondering what drawbacks BTC has that could be improved on in the first place to make it obsolete.

Duke Silver · Apr 18, 2015

im hoping it goes back up

Kronixx · Apr 18, 2015

I think it will eventually rise once it becomes more accessible to the less tech savvy population

RSGambler · Apr 20, 2015

Right now or soon it will go up and up again

Liams Gold Mart · Apr 21, 2015

If organisations create something similar which is monitored by governments, then BTC is going bye bye. It will still be around for those who wish to use it on anonymous transactions, but it will be devalued if the concept of cryptocurrency replaces physical cash.

Emperor Nero · Apr 21, 2015

I've made a few speculative posts about the future of BTC and the future is no where close to clear cut, but I don't see it sky rocketing back to $1000 ever again. It will probably hang around it's current price because it seems to find a pretty nice equilibrium at around $200.

iSophia · Apr 24, 2015

I think it will continue to drop.

Superfluous · Apr 24, 2015

Xier0 said:
What exactly would serve as a better alternative to BTC? I can't think of any desirable element that it particularly lacks for what it is used for.

I don't think it has to be a currency. As a currency, btc is just fine. But I think the idea that btc embodies probably has wider implications than just for sending money.

Duke Silver · Apr 24, 2015

yes i think it could be a worldwide currency one day and be worth more i think it crashed because china banned it

Katherine · Apr 24, 2015

Emperor_Nero said:
I've made a few speculative posts about the future of BTC and the future is no where close to clear cut, but I don't see it sky rocketing back to $1000 ever again. It will probably hang around it's current price because it seems to find a pretty nice equilibrium at around $200.

i would say the same. it just seems to have lost it's hype

Duke Silver · Apr 25, 2015

lol so many people banned on here all the time its terrible

Darkest Dream · Apr 26, 2015

Liams Gold Mart said:
If organisations create something similar which is monitored by governments, then BTC is going bye bye. It will still be around for those who wish to use it on anonymous transactions, but it will be devalued if the concept of cryptocurrency replaces physical cash.

That has absolutely no benefit. What is the purpose of crypto-currency monitored and controlled by government? That's just called online banking, and I don't think it can compete with bitcoin.

Punjabi3 · Apr 27, 2015

Unless BTC is willing to adhere to Know your customer and anti money laundering regulations the currency won't succeed as many institutions and companies will back out from its use due to reputational risk. I could see it rise in the future if banks decide to work with btc but they won't until certain requirements are met and until then it will probably revolve around current prices or drop unless some sort of hype is built up.