Post
Topic
Board Speculation
Re: The future of Bitcoin
by
Intristing
on 05/08/2016, 13:04:23 UTC
I am getting quite skeptical about the future of Bitcoin. The usage and adoption is not increasing, and at the same time, the altcoins are stealing more and more users away from the BTC. A few days ago, Ether became the first altcoin to achieve a $1 billion market capitalization. And this was achieved despite a major robbery occurring in the DAO.

Bitcoin was the first cryptocurrency to exist and after that many versions of virtual currency have popped out and some are not included in the  coinmarket capitalizations. But bitcoin will continue to exist, as long as other coins exist bitcoin will continue to be the standard coin. It will be considered as the primary and the official cryptoccurency that will represent dollars online.
With the present achievement of bitcoin, I can say that we have a big market and will soon be stable. It will not just die very easy as we have already survive the previous economy crash and in every crisis survived bitcoin is getting stronger and time will tell until we have the massive adoption that we all long to happen.
considering bitcoin and potential declines, we dont want to think that the bull market is over by huge adoption it is expected the price would go a lot higher over the next 12 months.

Yes. The price could go higher in the next 12 months. But in the short term, the price could go lower.
in short term the price might still be dumped but i think that in a few years we will definitely reach a new all time high easily, i hope it will make me money

I think if there is no bad news about the bitcoin itself, the bitcoin price will reach a new all time high next year.