Quote from: CryptoBry on October 04, 2019, 11:07:02 AM

Quote from: Wysi on October 04, 2019, 09:06:01 AM

We have been through a rough ride but what's next for bitcoin ? It has survived some brutal sanctions which were implemented by regulators but still manages to flourish (sustain), but don't you think bitcoin can earn more reputation by doing something good for the community like donating for environment cause, could pledge to help Amazon rainforest to recover from the recent disaster which will create more bitcoin sympathizers. Don't you think bitcoin community needs to focus on world affair so that we can be a part of mainstream and recognized by people ?

I am suggesting that there should be an organization connected in some way to Bitcoin and this organization can be acting like a charitable/developmental platform to help address some problems affecting humanity and of course this can be funded by Bitcoin coming from regular donors all over the world. Now, I am not saying it can be like a super-government type of organization but just a normal one but can be able to reach as many people as possible using the money (cryptocurrency) it has on its hands. This can be the best way to enhance the reputation of Bitcoin especially since there are still people who are wrongly associating it with scams and frauds.

As to the question: What can be next for Bitcoin? I think or rather in my humble opinion, the next three months of 2019 will see Bitcoin going into limbo or lull maybe there will always that attempt to get back to $10K level but the bearish influence can be too strong. The year 2020 can see many good developments (including the scheduled halving, of course) that can pull Bitcoin out of the quagmire and we can finally see the chance for Bitcoin to reach the $15K level again. Beyond that level, I would rather not think ahead.

I'm completely against this. No organizations, we had enough of those already and it didn't end well. If you want to do it, do it on your own personal motivation or your own separate organization that could happen to accept bitcoin. But never "something representing" Bitcoin, ever again. Leave Bitcoin free of human corruption, Bitcoin is working as intended and needs no special group attributing themselves "leadership".

Price is easy, it will go up, because fiat goes down, but price will tend to go less and less up, until it matches the world average inflation as "up", but only because everyone else go down, which is not Bitcoin's fault.

And of course there will be speculative fluctuations around the "natural" line, which in the long run will always correct back to it. "Zoom out", and you'll recognize this logarithmic graph, which starts very steep and then slows down over time.