Post
Topic
Board Economics
Re: Tell me your predictions about Bitcoin
by
hamiltonik
on 17/04/2017, 11:09:59 UTC
What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?
Mostly problems bitcoin problems would might face in future 5 years is ofcourse technicality issues on system.Yeah bitcoins is been living in the industry for a long time but it may still experience technical failures in system or the whole network
I think that issue will be fixed for next couple of years and every time bitcoin faces some problems the operators will find ways to fixed it immediately that why bitcoin was continuous doing great to serves all users and we always see the good progress every year passed. And we are hoping that in the coming years would be much better, would gives us more profit and would be stable of its price in higher level.

The higher price of bitcoins will depend on the demand and if demand goes higher then it will automatically take price to higher level and that is surely possible as even now we are seeing that price is rising slowly and steadily which will continue even in future.
yeah when demand increase then price also increase and when demand decrease price will be also decrease and we know that bitcoin demand is very much high because bitcoin price is too much high.

We saw a small drop in the price as of today but that's not a big deal as price will surely rise in coming days and it will go much higher at the end of the year so I am expecting the price around $2000 by the end of the year.

No one can accurately predict the price. It all depends on the activity of users and on the news. But, of course, one should hope for an optimistic forecast.