Future of Cryptocurrency

General discussion about the Bitcoin

Moderator: Admin

Jovanaminic
Active User
Posts: 74
Joined: Tue Aug 20, 2019 5:44 am

Tue Aug 20, 2019 8:54 pm

What is the future of crypto?
Positive or negative?
User avatar
Vincent
Active User
Posts: 88
Joined: Tue Aug 20, 2019 5:38 am

Tue Aug 20, 2019 9:05 pm

Some economic analysts predict a big change in crypto is forthcoming as institutional money enters the market. Moreover, there is the possibility that crypto will be floated on the Nasdaq, which would further add credibility to blockchain and its uses as an alternative to conventional currencies. Some predict that all that crypto needs is a verified exchange traded fund (ETF). An ETF would definitely make it easier for people to invest in Bitcoin, but there still needs to be the demand to want to invest in crypto, which some say may not automatically be generated with a fund.
Antjosh
Active User
Posts: 85
Joined: Tue Aug 20, 2019 5:47 am

Tue Aug 20, 2019 9:13 pm

he future outlook for bitcoin is the subject of much debate. While the financial media is proliferated by so-called crypto-evangelists, Harvard University Professor of Economics and Public Policy Kenneth Rogoff suggests that the “overwhelming sentiment” among crypto advocates is that the total “market capitalisation of cryptocurrencies could explode over the next five years, rising to $5-10 [trillion].”
Alberto
Active User
Posts: 93
Joined: Tue Aug 20, 2019 5:51 am

Tue Aug 20, 2019 9:34 pm

In reality, nobody can predict the future of a cryptocurrency, but if we could, we would all be billionaires. In the cryptocurrency world, prices are very volatile. This means that the value of a coin can go up or down really quickly, with often no explanation as to why. This makes predicting prices much more difficult than traditional markets.
When considering the future value of a cryptocurrency, it is always better to look at real-world events. This can include improved technology, future roadmap objectives, new partnerships or even regulations.
The most important thing is that you always perform your own independent research before making an investment. Never buy a cryptocurrency just because a price prediction excites you, or because your favorite YouTuber told you to! At the end of the day, everyone has a different opinion and there is no guarantee that anyone will get it right.
So, now that you know what to consider when reading predictions, the next part of my Bitcoin price prediction 2020 is going to analyze some well-known Bitcoin predictions.
Rachael
Active User
Posts: 81
Joined: Tue Aug 20, 2019 5:58 am

Tue Aug 20, 2019 9:55 pm

Bitcoin price has been very volatile since early 2013 when it was trading between $10 and $15, and soon afterwards it went on a parabolic rise to hit a high of $1163 within the same year. It spent the next 18 months dropping all the way back down to the $200s but then went on the ascent again as global uncertainty persisted.
Lobudei
Active User
Posts: 79
Joined: Tue Aug 20, 2019 5:55 am

Tue Aug 20, 2019 9:57 pm

We see the biggest risk to Bitcoin being its substitution and/or parallel use by other crypto currencies. Bitcoin die-hard fans claim that this is never going to be an issue since Bitcoin was the pioneer and as such enjoys first-mover privilege. This argument is probably flawed because although the BTC is used for payments, this is only a relatively small % of all Bitcoins. One of its primary uses is being a store of value and for this reason other crypto currencies can always step in and enjoy similar status if aggregate demand requires it.
User avatar
Sophia
Active User
Posts: 106
Joined: Mon Aug 19, 2019 3:20 pm

Tue Aug 20, 2019 9:57 pm

Should You Invest in Cryptocurrencies?
If you are considering investing in cryptocurrencies, it may be best to treat your “investment” in the same way you would treat any other highly speculative venture. In other words, recognize that you run the risk of losing most of your investment, if not all of it. As stated earlier, a cryptocurrency has no intrinsic value apart from what a buyer is willing to pay for it at a point in time. This makes it very susceptible to huge price swings, which in turn increases the risk of loss for an investor. Bitcoin, for example, plunged from $260 to about $130 within a six-hour period on April 11, 2013. If you cannot stomach that kind of volatility, look elsewhere for investments that are better suited to you. While opinion continues to be deeply divided about the merits of Bitcoin as an investment – supporters point to its limited supply and growing usage as value drivers, while detractors see it as just another speculative bubble – this is one debate that a conservative investor would do well to avoid.
User avatar
Sophia
Active User
Posts: 106
Joined: Mon Aug 19, 2019 3:20 pm

Tue Aug 20, 2019 9:58 pm

A cryptocurrency that aspires to become part of the mainstream financial system may have to satisfy widely divergent criteria. It would need to be mathematically complex (to avoid fraud and hacker attacks) but easy for consumers to understand; decentralized but with adequate consumer safeguards and protection; and preserve user anonymity without being a conduit for tax evasion, money laundering and other nefarious activities. Since these are formidable criteria to satisfy, is it possible that the most popular cryptocurrency in a few years’ time could have attributes that fall in between heavily-regulated fiat currencies and today’s cryptocurrencies? While that possibility looks remote, there is little doubt that as the leading cryptocurrency at present, Bitcoin’s success (or lack thereof) in dealing with the challenges it faces may determine the fortunes of other cryptocurrencies in the years ahead.
User avatar
Martin12345
Active User
Posts: 83
Joined: Mon Aug 19, 2019 2:03 pm

Tue Aug 20, 2019 10:07 pm

The emergence of Bitcoin has sparked a debate about its future and that of other cryptocurrencies. Despite Bitcoin’s recent issues, its success since its 2009 launch has inspired the creation of alternative cryptocurrencies such as Litecoin, Ripple and MintChip. A cryptocurrency that aspires to become part of the mainstream financial system would have to satisfy very divergent criteria. While that possibility looks remote, there is little doubt that Bitcoin’s success or failure in dealing with the challenges it faces may determine the fortunes of other cryptocurrencies in the years ahead.
User avatar
Sophia
Active User
Posts: 106
Joined: Mon Aug 19, 2019 3:20 pm

Wed Aug 21, 2019 3:21 pm

Some economic analysts predict a big change in crypto is forthcoming as institutional money enters the market.
Some predict that all that crypto needs is a verified exchange traded fund (ETF).
An ETF would definitely make it easier for people to invest in Bitcoin, but there still needs to be the demand to want to invest in crypto, which some say may not automatically be generated with a fund.
Post Reply
BTC
EOS
ETH
LTC