I have read with some news thats GPU can mining again on ETH, so many miner buying asic to change their hardware, and hash war between bch abc and bch sv crash down bitcoin price,,its mining profitable right now?
GPU can mine ETH but if ETH price lower than 300 USD i think it can not profit for miner.
If you undervolt a lot and with cheap electricity, it is still profitable, but marginally.
does anybody know why this coin is flying since last weekend? Thats amazing! But what is the reason for that?
What is your expectation regarding the value? will in increase? is it a good point to invest?
With the small contracts output and support ETH is expected to have threefold value by the end of 2018. Ethererum network has given out small contracts. This is another reason behind ETH value spike. Yes we could observe spikes in ETH in last two days as per coinmarketcap.com. Hope the crypto currencies do occupy the market.
That could be true. The ETH price will burst in the end of the year.
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BoardMining (Altcoins)
Re: Funakoshi Cuda miner is fast and clean from viruses (windows, ubuntu, fedora)
Meh. The Chinese traders were always known to be quick to pump but are the quickest to dump. Deep inside, a part of me is hoping that the rumors are true and the PBOC bans all Chinese exchanges from operating.
I hope not. The Chinese government should regulate the exchanges so that people can buy bitcoin or bitcoin cash safely.
So long and distant future, the year 2022, but since we are rapidly heading towards cashless socitey and new and very developed technologies I wouldn't be surprised. Bitcoin has very big chances to survive this turbulent period and become stronger and more powerful and thus even more accepted everywhere in the world.
What you are saying is possible, but not in a 4 to 5 years. 2022 is not so distant future, for everyone to get in touch with bitcoin need to pass minimum 20 years or even more I would say, and I take my conclusions from the observing of the people around me, they don`t wish any connections with something on the internet, they are old and only when new generations come we can expect everyone to use bitcoins, but even 20 years is a short period of time for changing generations.
I agree. People are a bit skeptic about btc and other currencies aside from fiat right now and until they themselves are able to feel the benefits that btc provides, they will continue to be skeptical about cryptocurrencies. Though I believe that in 5 years, btc would be widely known by almost everyone though not all will be confident in using it yet
We need lower transaction fees for the bitcoin so that more people will use it. The attraction of new users is more important.
i do not think so. to me as still hardly 0.5 percent people may be using bitcoin, so it is not such an easy job that in next few year all the people of the world can use bicoin, i think it will take decades so that all people of the world start using bitcoins.
Well, all the views opinion by the community here have their own good point of side in the year 2022. This is just an speculation about the future of bitcoin. Now regarding about the the topic, it maybe or maybe not that by the year 2022 Bitcoin users can increase or decrease the users, but I doubt it. Because like I always said we had a daily increase of number of bitcoin users all around the world.
In 2022, the user number will increase at least by 10 times.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
I think a lot of people are already using it now and by 20120 I believe many banking systems will incorporate bitcoin or similar blockchain technologies. Already Sweden is looking into a digital Krona and other banks are also looking to assimilate bitcoin technology.
I think 2020 is still too early. Banks are more conservative.
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Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
Today bitcoin is already known worldwide. So we dont need 6 years to be able that all people will be using bitcoin. Were living with advance technology today, and were still uprading every year. It means that even next year bitcoin will be use by almost everyone.
Yeah already a lot of people have adopted it in the current year and in the nest year the adoption will be more and a lot of companies will also start it which will be on offline world and for 2022 I think we will wait for the government steps for it to adopt it.
If the block size is increased, there will be more people using it.
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Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
The year 2022 is just too soon crypto currency needs more time to make ground for most people to accept it and use it widely ⏳⏲slow and steady wins the race
yeah , but still in 2022 of year , everyone will not use Bitcoin . because of its lack of advertising . i think it is a very small time period between 2022 . to use Bitcoin by every person we need atleast for 2050
Bro a currency does not need advertising for it to be used by everyone, it really just need time and demand. Does any country promote their money by commercial or magazine ads of course not because, if is the only legal money that can be used in a certain country. Bitcoin has the momentum to be used by everyone with a ohone and internet.
When you have a monopoly on force like the government does, you do not need advertising perhaps to make everyone use your currency. You simply outlaw everything else, like gold for example, and declare your currency to be the only legal option. Bitcoin doesn't have that option. Bitcoin is competing in a free market, and in a free market, you need advertising to spread your message. You said a currency needs demand, and advertising creates demand.
What we are doing now is already a form of advertising online, we are making others who are not aware on the benefits of bitcoin and with that knowing, they will surely be attracted with who the price of bitcoin is increasing, it is easier to promote online as everything is fast and clear.
yeah you're right and what we're doing would most likely make bitcoin more available by 2022 and more widely used. however, to be used by almost everyone is a bit far-fetched. in 6 years I think the regular currencies are still the ones dominating the market.
The 2022 is 6 years from now. I recoken the number of users will increase to 5 million or more, so the price will also be higher.
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Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
No bitcoin will not be used by everyone ever. It can reach a high percentage of people if it continues to grow but it can very easily fail aswell depending on future events. For now it would be great if a little bit more people would use it so we could get more shops supporting it.
that is just bullshit mate, in my opinion it is really going to be possible in a few years if the adoption gets even faster than it is right now, and if it is not going to happen in a few years then i think that in a decade it is going to surely happen, that would be great for me
i think mass adoption is the best for all the holders who are planning to make some good money out of bitcoins with their investment because if the mass adoption would happen like that they would surely make a lot of money
i believe that in 6 years it is definitely possible that bitcoins will become really mainstream and it might even replace some of the currencies, that would be really great because the price of bitcoins would be really high then, i cant wait for this
Only time can tell which of you are correct. Of course it will be great for early adopters if bitcoin is being used by almost everyone because it will greatly affect the price of bitcoins. But if not, it will still be great because it means it still has a lot of space to grow and we can still make a lot of money from it trade wise.
The early adoptors will make a lot of money. But they also take big risk. You have to choose the right coin.
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Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
there's no doubt that bitcoin is spreading fast but in 2022 it can't be happen for all to use bitcoin. Because many people of whole world who didn't hear the word bitcoin. In my country, even 1% didn't hear about it. so, I don't think bitcoin will be known to all so fast.
I agree with that. I reckon that in 2022, there might be 1% of the world population own some bitcoin, but most will not use it.
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Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
For determining a date when bitcoin is used by everyone you have to search after 2030.
Why not now, all I can say that when time comes 2030 bitcoin is already a successful project where this will dominate in the online transactions as people find more value in using bitcoin than other payment processor.
The innovation of the bitcoin is not as fast as other altcoins. So it is possible that it might be replaced by another more innovative coin.
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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.
It will be used a lot, yes. But not by everyone for sure, because people still will be afraid of bitcoins, not everyone know about bitcoins yet, so it will take more time than that
The major reason is people are afraid of investing their money into it as there are many scammers around who are constantly busy in running away with the money of people so I don't think it will be used by everyone in future.
That is right. So we need conventional good reputation banks to adopt the bitcoin and provide relevant services.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
by
Natniadan
on 23/07/2016, 17:18:05 UTC
If all goes well and the bitcoin is not banned in many countries, there will be more 5 million users of bitcoin.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
I'm not sure every people will use bitcoin in 2022, maybe only 5-20% from all people around the world that will use bitcoin in 2022. But if in 2022 the bitcoin's price is so high, i think it will make more people use bitcoin on that year.
If price is too high at that time then I don't think many people will able to afford to invest their money, so if you want to invest then this is the right time to do.
Of course with the current price it is cheaper because we don't have the volume yet that would make the price stable, investing is very risky but if you believe we will gain massive adoption buy 2022 then buy now.
I will buy some bitcoin when there is a price dip. The price of bitcoin could be between 5000 to 10000 dollars then.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
As Internet and email destroyed work of post offices about letters sending as Bitcoin will destroy banks system about using money. That is my opinion. And I'm pretty Shute that it is going to be as u say - bitcoin or maybe any other of crypto currency will be used mostly by people.
The banks are not used to send money. They provide borrowing and lending service. With bitcoin, they will make more money.
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BoardEconomics
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?