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[Mar20]

The potential for growth and adoption of Bitcoin in the future is the subject of much debate and speculation among experts, investors, and policymakers. On one hand, Bitcoin has the potential to revolutionize the financial industry, providing a decentralized and secure way to store and transfer value. Its limited supply, low transaction fees, and fast processing times could also make it an attractive alternative to traditional fiat currencies.
However, there are also significant barriers to adoption, including regulatory hurdles, security concerns, and a lack of widespread understanding and trust among the general public. Bitcoin's highly speculative and volatile nature also makes it a risky investment, and it may take time for the market to mature and become more stable.
The growth and adoption of Bitcoin will likely be influenced by a number of factors, including the development of the cryptocurrency industry, regulatory changes, and advancements in technology. The rise of decentralized finance (DeFi) and the increasing use of cryptocurrencies for non-speculative purposes, such as remittances and micropayments, could also drive growth in the future.
It is also important to note that the cryptocurrency market is highly competitive, with hundreds of different coins and tokens vying for market share. Bitcoin may face competition from newer and more advanced cryptocurrencies in the future, which could impact its growth and adoption.
Overall, the potential for growth and adoption of Bitcoin in the future is uncertain, and it is important for investors to be aware of the risks involved and to approach the market with caution. While there is potential for significant growth, there is also the possibility of significant losses, and it is important to carefully consider all the factors involved before making any investment decisions.

 

[Margery]

Bitcoin has shown significant growth and adoption in recent years, and its potential for further growth is high. Bitcoin is a decentralized digital currency running on a distributed ledger system. This means that it is not subject to the control of any central authority or government and can be used to quickly and securely transfer money and make payments around the world. In addition, its price is driven by market forces rather than being determined by a central bank or government, making it highly volatile.
As Bitcoin continues to gain acceptance as a legitimate form of payment, its potential for growth and adoption is likely to increase. And this is beyond any doubt.

 

[BullyMaguire]

it depends on how well governments will try to regulate it. i believe there's no other option for a massive adaption of bitcoin unless there's something in it for those.in power as well. they can simply go with the China's move if things go otherwise. although people may still persists on using and owning that can change if they bluntly gave punishment to those.who go against the rules

 

[Margery]

it depends on how well governments will try to regulate it. i believe there's no other option for a massive adaption of bitcoin unless there's something in it for those.in power as well. they can simply go with the China's move if things go otherwise. although people may still persists on using and owning that can change if they bluntly gave punishment to those.who go against the rules

In fact, people cannot insist on anything, they simply will not be given it.
If something happens somewhere, it means that someone needs it.
It just doesn't happen.
And bitcoin is accepted as payment in a number of countries - this is most likely someone's experiment.

 

[Xrin Nightfall]

How effective government efforts to regulate it will be. There can be no widespread adoption of Bitcoin, in my opinion, until there is some kind of incentive for people to do so. similarly influential. If things don't go as planned, they can just follow China's lead.

 

[BullyMaguire]

In fact, people cannot insist on anything, they simply will not be given it.
If something happens somewhere, it means that someone needs it.
It just doesn't happen.
And bitcoin is accepted as payment in a number of countries - this is most likely someone's experiment.

yes. we can't do anything about it but it will be really good if they see how much crupto currency can help change the financial system banks even can adopt it so people can use them as a local exchange or something.. many world leaders are still not willing to try to make use of it

 

[Xrin Nightfall]

the effectiveness of these efforts varies from country to country and depends on a number of factors such as political will, technological infrastructure, and public perception. Incentives for people to use cryptocurrencies can also be influential in driving adoption. At the same time, governments have to be mindful of the potential consequences of not regulating cryptocurrencies, such as increased risk for fraud and money laundering.

Regulating cryptocurrency is like trying to herd cats. It's a complex and constantly evolving field, and government efforts to regulate it have had limited success. It's like putting a band-aid on a hydra! The decentralized nature of cryptocurrencies makes it challenging for governments to enforce regulations, but they're still trying. Let's just hope they don't end up chasing their tails!

 

[Margery]

yes. we can't do anything about it but it will be really good if they see how much crupto currency can help change the financial system banks even can adopt it so people can use them as a local exchange or something.. many world leaders are still not willing to try to make use of it

In order for banks to accept cryptocurrency, they must control it. This should be their asset, but with this level of volatility, few people want to do it.
If they control it like a fiat currency, then yes.

 

[Riberet19]

It's definitely a tough task to regulate cryptocurrencies and the blockchain technology they are built upon. The decentralized aspect creates a unique challenge for governments, as traditional regulations may not be applicable. However, despite these difficulties, governments are still making efforts to bring some level of control to this field.

In the end they will manage to do it, one way or another, they have started with the exchanges, then they will be able to carry out other maneuvers to continue regulating, little by little they will introduce more laws as they do in all sectors, even in the traditional market which is strongly regulated, new laws do not stop entering, that's how it works.

 

[Margery]

In the end they will manage to do it, one way or another, they have started with the exchanges, then they will be able to carry out other maneuvers to continue regulating, little by little they will introduce more laws as they do in all sectors, even in the traditional market which is strongly regulated, new laws do not stop entering, that's how it works.

Now I was looking for the information I needed and came across statistics that the bitcoin blockchain is practically not decentralized anymore, since 5 main pools control more than 62% of production. It remains now to turn off the electricity to them and everything will be under control. Rather, threaten to shut down.

 

[Riberet19]

Yes, it's a given that governments will continue to make efforts to regulate the cryptocurrency industry. But remember that regulation is a double-edged sword. On one hand, it can bring stability and security to the market.

Yes, that is clear, the regulation will make the market lose volatility and more security, but everything will be more controlled and most of the assets in the hands of a few, this is something I already know, but it is something that really seems inevitable.

 

[gammarays]

Bitcoin is the first of crypto tokens so will be the one to drive the adoption of crypto currency. Extra utilities will be created as the awareness of crypto spreads. It will also be a major asset for rich individuals and organizations.

 

[Margery]

Which will end soon. it is expected that this will be his last halving. Until the next one, he will not live, miners will get it all.
I'm wondering what will happen to him next? Get it all, so what? Who will need it later, because there is practically no place to use it, it is not functional.

 

[Riberet19]

Which will end soon. it is expected that this will be his last halving. Until the next one, he will not live, miners will get it all.
I'm wondering what will happen to him next? Get it all, so what? Who will need it later, because there is practically no place to use it, it is not functional.

Do you think it won't reach the halving of 2028? That's what you mean? I do not really know, there is still room I guess, although I really do not know, I do not know how the mining is right now, it is also something that I think could be given a solution, changing to POS maybe or adding an inflation as we already discussed, we will see.

 

[Margery]

Do you think it won't reach the halving of 2028? That's what you mean? I do not really know, there is still room I guess, although I really do not know, I do not know how the mining is right now, it is also something that I think could be given a solution, changing to POS maybe or adding an inflation as we already discussed, we will see.

The complexity of the network is growing every day. Miners are only being added, the further the more equipment is needed to search for blocks. But this can't go on forever! Moreover, halving will again halve the reward, which means they will add more capacity.
It is necessary to at least see what will happen after the upcoming halving, I think that there the picture will be clearer. At least they can hide everything behind another hype.

 

[Riberet19]

The complexity of the network is growing every day. Miners are only being added, the further the more equipment is needed to search for blocks. But this can't go on forever! Moreover, halving will again halve the reward, which means they will add more capacity.
It is necessary to at least see what will happen after the upcoming halving, I think that there the picture will be clearer. At least they can hide everything behind another hype.

after reading this comment I went to certain pages about what profit are now giving the mining of cryptocurrencies and looked for Bitcoin in sha-256 and the profit for the most powerful asic (I think it is the most powerful) is really not a big deal, and this miner costs about $ 6000 if I am not mistaken correct me if am, the name of the Asic is Bitmain Antminer s19 XP and it says that the profit is $ 3.11, I saw it in hashrate.no

 

[Margery]

after reading this comment I went to certain pages about what profit are now giving the mining of cryptocurrencies and looked for Bitcoin in sha-256 and the profit for the most powerful asic (I think it is the most powerful) is really not a big deal, and this miner costs about $ 6000 if I am not mistaken correct me if am, the name of the Asic is Bitmain Antminer s19 XP and it says that the profit is $ 3.11, I saw it in hashrate.no

Yes, I also just looked, but only the cost on the manufacturer's website.
We take an order, delivery, setup will probably be about $ 7K. In this case, the hashrate does not matter to us, since we know how much we will earn per day at the current cost of bitcoin.



For about a year, he will justify himself. And if we hope that after the halving, the value of bitcoin will increase significantly, then it is worth thinking about purchasing. Again, if there is an extra $7K.
But this is so in general.

 

[Margery]

Yes, the future of cryptocurrency is uncertain. This is especially true for blockchain technology, which is used to create cryptocurrencies. Blockchain provides a powerful tool to promote decentralization, anonymity and security, and has great potential for the future. Blockchain can provide safer and more reliable financial services and legal protection for businesses.

 

[Riberet19]

Yes, I also just looked, but only the cost on the manufacturer's website.
We take an order, delivery, setup will probably be about $ 7K. In this case, the hashrate does not matter to us, since we know how much we will earn per day at the current cost of bitcoin.



For about a year, he will justify himself. And if we hope that after the halving, the value of bitcoin will increase significantly, then it is worth thinking about purchasing. Again, if there is an extra $7K.
But this is so in general.

I understand, that's why I think, that after the halving of 2024, remembering your comment that said that the future of bitcoin is very uncertain, I think that each halving will become a product more and more for rich, bitcoin both the cryptocurrency itself, and especially the mining of this, But it's just my thought, we'll see what happens, because not everyone has 7K or more per ASIC of this type, but on the other hand there are those who have money left over

 

[Margery]

I understand, that's why I think, that after the halving of 2024, remembering your comment that said that the future of bitcoin is very uncertain, I think that each halving will become a product more and more for rich, bitcoin both the cryptocurrency itself, and especially the mining of this, But it's just my thought, we'll see what happens, because not everyone has 7K or more per ASIC of this type, but on the other hand there are those who have money left over

The end of bitcoin mining is close enough. And it becomes more and more interesting to me from the thought, what will happen to him next? Okay, a little inflation, it's good to switch to another algorithm, but then what? As I said, bitcoin has no more advantages than its value. Although you can still add his perfectly written blockchain!