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[Mar20]

The future of Bitcoin is uncertain and it's difficult to predict with certainty. Currently, Bitcoin has a large and growing user base, and has been accepted as a form of payment by an increasing number of merchants and organizations. However, its volatile price, regulatory uncertainties, and competition from other cryptocurrencies are potential challenges to its wider adoption.
On the other hand, the underlying blockchain technology has seen increasing interest and investment from both the public and private sectors, suggesting that it has the potential for long-term success.
Ultimately, the future of Bitcoin will depend on its ability to address current challenges and overcome obstacles to wider adoption. Whether it will continue to be widely used and accepted will depend on factors such as the development of new technologies, changes in market conditions, and shifts in public perception and regulation.

 

[Riberet19]

Plus we even have Bitcoin ATMs in some places in US that could well be replicated elsewhere in the future.

According to a recent report ATMs are shutting down quickly in many parts of the world especially in the UK, which are shutting down at an alarming rate, you can find out if you look for the news, that is. "Bitcoin shutdown ATM in UK"

 

[Margery]

However, it must be remembered that cryptocurrencies are still a relatively new and risky asset that can be subject to strong price fluctuations and other risks. Investors should carefully study and evaluate the potential risks and benefits before investing in cryptocurrencies.

 

[Bigron]

Some nations, like El Salvador, have made Bitcoin legal tender, and other nations are considering doing the same or developing digital currencies of their own. The negative environmental effects of Bitcoin mining and the possibility of legislation and governmental involvement in the cryptocurrency industry are both issues, though.

 

[Margery]

However, there are other cryptocurrencies that use alternative mining methods, such as the Proof-of-Stake method, which does not require as much energy. You can also mine them without harming the environment.

 

[Ptrikha90]

According to a recent report ATMs are shutting down quickly in many parts of the world especially in the UK, which are shutting down at an alarming rate, you can find out if you look for the news, that is. "Bitcoin shutdown ATM in UK"

Such shutdowns represent the Act fast, fail or succeed fast and such openings and shutdowns might not be that fast if they had occurred in parts of Asia.

 

[Margery]

The main advantage of blockchain technology is that it provides decentralization and transparency in the processes of data storage and transmission, which can be useful for many sectors of the economy, such as the financial sector, logistics, healthcare, etc. Through this, blockchain can improve the efficiency and reliability of many processes and reduce costs.

 

[Riberet19]

Such shutdowns represent the Act fast, fail or succeed fast and such openings and shutdowns might not be that fast if they had occurred in parts of Asia.

Yes, I believe that these things only happen in bear markets, when the bull market arrives everything seems to magically reverse and there is only good news, it is rare and suspicious.

 

[Margery]

Although bear and bull markets have certain characteristics and properties, it should not be assumed that everything that happens in the market happens only in a bear market. Stock markets and other financial markets can be very dynamic and volatile, and price and trend changes can occur in both bear and bull markets.

 

[Margery]

Indeed, Bitcoin and other cryptocurrencies have the potential to become an important technology in the future, especially in finance and payments. However, as you said, this is a gradual process that takes time to be widely adopted and integrated into various sectors of the economy.

 

[Ptrikha90]

Yes, I believe that these things only happen in bear markets, when the bull market arrives everything seems to magically reverse and there is only good news, it is rare and suspicious.

Wisdom is the key in both phases.
Do not get disturbed or too much greedy in buying too much when prices fall in the Bear Phase.
And not get carried away by some short term profits and invest unwisely in the Bull phase.

And all of this wisdom comes through self experience. Books, lectures, Forums etc can only guide but unless one is in the field, one cannot become wise.

 

[Player1]

Bitcoin still has a long way to go though before it can be wildly accepted. Over there in my country there are still some restrictions on not just Bitcoin but crypto currency in general. Most countries are still not ready to accept it.

 

[Lens_]

Bitcoin still has a long way to go though before it can be wildly accepted. Over there in my country there are still some restrictions on not just Bitcoin but crypto currency in general. Most countries are still not ready to accept it.

The recent decline in the price of Bitcoin has made things a little bit worse because it should have surpassed the level it is right now in terms of adoption and acceptance, but I'm very optimistic that bitcoin will be a global currency in the future.

 

[Margery]

Yes you are right. Bitcoin and other cryptocurrencies are still not widely accepted in many countries due to various reasons.
One of the main reasons is the lack of regulation. In many countries, governments have not decided on how to regulate cryptocurrencies, and this causes certain problems for their adoption.

 

[Riberet19]

Yes you are right. Bitcoin and other cryptocurrencies are still not widely accepted in many countries due to various reasons.
One of the main reasons is the lack of regulation. In many countries, governments have not decided on how to regulate cryptocurrencies, and this causes certain problems for their adoption.

Yesterday the MICA law was approved in Europe and will enter into force within July 2024, separately and just after the halving, everything very coordinated seems, with regulations such as the MICA it is clear that much more capital will enter, but the market will be much more controlled, buying on an exchange means that they will be tracking all your operations already declared in the regulation, the only thing that is saved for now are the cold wallets, the DeFi and the NFTS.

 

[Margery]

Yesterday the MICA law was approved in Europe and will enter into force within July 2024, separately and just after the halving, everything very coordinated seems, with regulations such as the MICA it is clear that much more capital will enter, but the market will be much more controlled, buying on an exchange means that they will be tracking all your operations already declared in the regulation, the only thing that is saved for now are the cold wallets, the DeFi and the NFTS.

The MICA (Markets in Crypto-Assets) law was developed to regulate the cryptocurrency market in the European Union. It contains a set of rules designed to protect consumers and investors, as well as combat money laundering and terrorist financing. According to the MICA law, cryptocurrency exchanges and portfolio providers must obtain a license in order to continue to operate in Europe. In addition, the law sets standards for cryptocurrency assets, including transparency standards, and a separate regime for stablecoins.

While some crypto assets may be a little more controlled on exchanges, there are still many ways to use cryptocurrencies that are not subject to regulatory scrutiny. Cold wallets, DeFi (decentralized finance) and NFTs (non-fungible tokens) are not controlled by centralized entities and are not subject to the MICA law. However, this does not mean that their use is not safe and investors should be careful and follow the best security practices when dealing with cryptocurrencies.

 

[Lens_]

Yes you are right. Bitcoin and other cryptocurrencies are still not widely accepted in many countries due to various reasons.
One of the main reasons is the lack of regulation. In many countries, governments have not decided on how to regulate cryptocurrencies, and this causes certain problems for their adoption.

I understand that most of the countries would want to adopt bitcoin if they create a regulation around it, but this is not healthy for the cryptocurrency community as it will make it a government controlled digital currency.

 

[Margery]

I understand that most of the countries would want to adopt bitcoin if they create a regulation around it, but this is not healthy for the cryptocurrency community as it will make it a government controlled digital currency.

Many countries have already adopted different approaches to regulating cryptocurrencies. Some countries have recognized them as legal tender, while others have banned the use of cryptocurrencies in their economies. In any case, the regulation of cryptocurrency should be reasonable and aimed at protecting the rights and interests of users, as well as preventing criminal activity.

 

[Lens_]

Bitcoin would eventually become more accepted and help in expanding base for more financial inclusion.
Yet it would continue to find resistance from Governments and entrenched economic systems across the world.

Additionally, bitcoin has the potential to increase in value and it has gained a lot of popularity among the financial investors. I wouldn't be surprised if bitcoin surpasses its previous all-time high because it has a bright future.

 

[Margery]

Undoubtedly, bitcoin attracts attention as an investment asset, and its price can fluctuate depending on the demand in the market. Some analysts and experts in the field of cryptocurrencies believe that bitcoin has the potential for further growth, while others doubt its stability and predictability. In any case, as with any investment, it is important to be aware of your risks and make informed decisions.

 

[Oluwatoyin]

The future of Bitcoin can't be easily predicted because it's can't be guarantee when what will happen in the future, Bitcoin as really grown big and i think it should continue to be generally accepted for long but no body can predict the future about wht will happen to Bitcoin, it's very difficult to predict