I think not everyone uses bitcoin in 2022 because to use bitcoin we have to have a wide knowledge of bitcoin and the main one is there must be internet connection. My prediction is that only 80% of people around the world use bitcoin, 20% do not use bitcoin.
If many people can use smart phone, they can use bitcoin. The wallet will have to be user friendly.
Looking at price chart of LTC, it seems to be at same position as it was in late March before the big blastoff that increased its price 10x in two months. May not be 10x this time but expecting at least $100 - $200 on next big rally that can start any day.
I think there is no catalyst for the price to rise that much in the short term.
Bitcoin price is at $1152 Dollars per 1 bitcoin this means that altcoins will be increase it price too where many people will be happy on what the bitcoin price at now. For me the best profitable in bitcoin is i'ts alternative coin where we can get really profit into it. And we can minimize our loses. Better to hold them till the bitcoin price hit 2000
If the price of altcoin does not increase, it is better to sell them into bitcoin.
I don't think it's actually easy to determine the price of altcoin because if you take the case of eth it was around or below 10$ for 4-6 months and now if you see the price quickly rose up to 13$+ this was just the case of eth if you see litecoin or doge from what I feel it is best to use your strategy because for now they literally seem dead to me.
It seems that you need to find the good altcoin and then make a lot of money.
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BoardMining (Altcoins)
Re: How will this change the world of mining?? GTX 1080 / 1070
Till now GTX 1070/1080 are disappointing for monero (around 600-700 h/s) against 850-880 for nano or fury-x. This could change if sp release the somewhat promised new cryptonight miner with 900h/s for a GTX 1070.
More like 700/730 for 1070, but the consumption are far lower than with nano or fury. But yeah we need a better one, so far nvidia is much more profitable mining zcash or lbry than monero even @900h, i think that's why the improved monero miner isn't here.
The 1080 is the best for ZEC.
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BoardSpeculation (Altcoins)
Re: what does $1000 bitcoin price mean for altcoins?
It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
up to now it's still unpredictable if bitcoin will be used by most people around the world in the year 2020, 2022 or so. also it is very unlikely for bitcoin to destroy the fiat system bitcoin because it's price is still depending on fiat and if ever that happens the government will surely be so eager to take in control of the bitcoin system and they will end up to impose a much higher taxes on it .
If the block size of the bitcoin can increase with the general usage, then it is possible that most people will use it.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
I can't imagine how bitcoin could destroy the fiat system, it can't be forever. Bitcoin will always go through the way side by side with fiat system due to every country have their own currency as national identity. Government and banks will adopt blockchain technology to make it happen, let see how it works in the future.
In 2022, six years later is a short period for bitcoin used by almost everyone, just about 15-20% of world population I thought. Because not everyone trust virtual money that can not be touched and people still love to using fiat money.
That is right. I think it is very possible that the bitcoin will coexist with the bitcoin for the next few decades.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
If I must be honest, I do not think that the bitcoin will be used by everyone in 2022, we cannot also not predict this either but its just something that I do not see happening these days. The bitcoin has a great future a head of course but I do not think that other currency's will me less more used.
I think everyone already knew that it would be difficult for bitcoin users to be able to have everyone in the world, it is very improbable, even fiat takes a long time to be used by everyone, hundreds of years ago
If the bitcoin is used by 10% of the world population, we can regard that as one of the top 5 currency.
You have the point, but I don't think that 10% of the world's population will be able to use bitcoin in 2022. But we can't say what is going to happen exactly, it is still going to depend on how the people will able to see the bitcoins benefits and its price will able to encourage and convince people from using it.
Yes it is, but predicting from the bitcoin user growth and bitcoin potential, i think it is possible to generate 10% of world population to use bitcoin, and it is our duty to keep on introducing bitcoin to new user, just hope people will not use bitcoin for a bad and illegal things
I think no one knows the percentage of the number of users on the upcoming 2022 year. but I think 10% including a very large number compared to the total population of the world? is it possible?
I agree with one of the above post. It will take many years if not decades to reach the 10% user population.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
That's depend on the price and its chart, if it will increase highly before 2022 to reach more than 5000$ for example, it will increase a lot of people to start using it. Otherwise its hard that Bitcoin become used by everyone in this date.
Well no one can really predict what is going to happen with bitcoins on that date but I am pretty sure that many are going to be added for the people who uses it.
But there is no certain percentage or number on how many people will start using bitcoins on that time of 2022.
And I think this is going to be possible only if the price is going to attract the users of it.
Definitely ,cause investors are attracted to where they will earn .So if bitcoin continously get higher and higher by that time many establishments are accepting bitcoins and more peoples are mostly doing bitcoins. Telling to your friends or posting ,tweeting about earning on bitcoins is a good thing as promoting bitcoins so many people will get curious about it. As of now i saw many of my friends on fb are using and posting about bitcoins . By 2022 it is nearly possible.
That is right. The bitcoin price will go higher when more people use it. When more people use it, the price will be even higher.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
No one can answer this correctly however i think atleast 1% or almost near to that of persons who uses internet banking will be using bitcoin by that 2022. But this number may even go higher if few good development as well as few more open minded politician come into power.
The current active user number is less than 1 million. So if the user number rises 50% a year, it will be around 8 million users then.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
This is certainly something awaited by all those who believe in cryptocurrencies. But, for that to happen, probably will be required much more time than that, so that the information can spread and more people will know about Bitcoin.
The information spread will get faster and faster when more people know about the bitcoin. It will be viral.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
I am not sure if it's going to happen. Bitcoin is becoming more and more popular, but I don't think it will be as popular as mainstream services in five and a half year.
It depends on the further developmement of the bitcoin infrastrucutre and the general financial technology.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
very honestly it is not possible that in 2022 almost everyone will be using bitcoin, to me just a few percent people will be using it but they will also use fiat currency because even in 2022 every thing will not be available in bitcoin, to me it will take decades and will take generations when most of the people will be using bitcoin for their shopping and for other activities.
Even for 1,000 years from now my prediction is that people will still use paper money and not bitcoin alone. The should live together and they will help all the people for easy transaction, they are unique so they have different uses.
However, the bitcoin will be the reserve currency at that time. There will be paper version of the bitcoin at the time.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
I think no more than 5 million people in the world will use the bitcoin regularly in 2022. The block size is too small.
hope that in 2020 only in Pakistan more than 5 million people will be using bitcoin, the ration of entering the people in the world of bitcoin is so high, more that 20 million people will be using it in China, and what to say about Japan India Russia and so many other countries, therefore i can aspect that the user of bitcoin in 2022 will be in trillion,
If there are more than 5 million people in the whole world use the bitcoin in 2020, that will be excellent.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?