Where is Crypto Headed

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the_nonceMember
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#1May 6, 2021, 02:25 AM
Do you guys believe we'll see widespread institutional adoption of crypto in a decade? And what do you think the price of BTC will be then?
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alexwalletSenior Member
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#2May 6, 2021, 06:52 AM
Nope, and I don't expect it to happen. Bitcoin needs to achieve widespread adoption to maintain an equitable supply. Institutional funds can't drive Bitcoin's price due to various risk and diversification considerations. However, we can't just talk about high prices. I don't want unnecessary mass complaints to occur just because a policy change prevents me from using my Bitcoin, even though the network is fine.
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maxi_alphaFull Member
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#3May 7, 2021, 08:23 PM
If we talk about the future, then of course the price of Bitcoin is increasing as time goes by. The current price is much higher than the price it was in the past, and the price of Bitcoin will be several times higher than the current price in the future. Because the price of Bitcoin is increasing in stages, its price is gradually increasing in a cyclical manner. However, the price has not only increased continuously, it is creating opportunities for investors to invest. As a result, the correction of the price of Bitcoin is created in the next period of the bull market that is currently underway.
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guru777Full Member
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#4May 8, 2021, 02:05 AM
Crypto has always been a scam. The scam is possible because most people do not understand Bitcoin.Crypto and Bitcoin are not the same. Bitcoin is decentralized money with a fixed monetary policy, while crypto is mostly a playground for scams, speculation, and centralized projects. Ethereum, for example, was created out of thin air. They issued tokens to themselves and then sold them to naive people.When they sell everything, they can always create more tokens, just like bankers can print more fiat money for themselves. Crypto is temporary noise. Bitcoin is the real revolution, and in the end, it could replace the fiat system.
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rocket365Senior Member
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#5May 8, 2021, 04:17 AM
In general btc has already an "endless value" in the moment that you store freely and without third part. Would you use monopoli money to give the value of your house "10000 billions of notes" yes sure ... In some countries techinically this is already happening with their "local" currency.  Western countries will face this, soon or later... We can hide and talk about altcoins, but ... this is the same problem (print go brrrr), just turn out to be... digital! Crypto and btc are not exactly the same thing As many of you have noticed, some markets are pumping. as we have seen USD has devalued. Hence there are too many factors to be taken in account here. You can't just expect the future of adoption / FIAT potential value if you don't take into account "the whole picture"
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roguekingMember
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#6May 8, 2021, 06:57 PM
Since you are focused on Bitcoin not been crypto and every crypto are scams and centralised projects, how about Dash, Monero, DAI, and few others? They are privacy coins and they are not centralised either. Just because your definition of Bitcoin has decentralised in it doesn't mean that another coin can't be decentralised, it also doesn't mean that another coin been decentralised means it can outperforms. Bitcoin is crypto, it's just different and better.
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calmguruSenior Member
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#7May 8, 2021, 08:01 PM
Bitcoin will only grow stronger if people are brave and understand what is possible with it. If people continue to be so afraid of something new, or if they dont have any fiat money, then they wont have a chance, or only a small chance that Bitcoin will be a solution to their problems. In 10 years, the world will be different from what it is now, but people will remain the same. So if technology becomes smarter, it could influence peoples decisions and thereby make Bitcoin more valuable. Bitcoin is an opportunity for many people around the world, maybe it take 30 years or longer for most people to understand it.
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luckykingFull Member
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#8May 8, 2021, 08:43 PM
I think they can. If more trustworthy and influential institutions adopt Bitcoin on a large scale, the danger of Bitcoin usage restriction will be low. These institutions who have invested in Bitcoin won't want such to happen, and they actually do have such influence. This will prompt a widespread adoption, because the influence of these institutions will create some level of trust amongst the masses. The only issue I fear is that these institutions, because they probably might hold a larger amount of Bitcoin, will have more influence on the Bitcoin price, which might lead to manipulation of the price.
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c4lmdeg3nSenior Member
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#9May 8, 2021, 09:55 PM
I cannot speak about the future of cryptocurrency in general if you're including altcoins because most of them are scams and a distraction to what cryptocurrency should stand for which is digital currencies that are not controlled by any traditional currencies. But if you're specifically talking about Bitcoin then I can say that it has potentials to survive and outlive us and that is why it is a store of value. Bitcoin adoption is for every individuals and institutions, if institutions overtakes all of us in Bitcoin adoption it wouldn't have anything to do with the network, Bitcoin will still remain it's decentralization with a limited supply. As far as where Bitcoin price will be now and in the future will be determined by demand and supply, if more institutions holds Bitcoin without selling it that will create scarcity in the market which will result in price increase. If majority of them dumps on the market at the same time it would dump the price but it is not likely that it will happen.
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quantumbearHero Member
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#10May 9, 2021, 03:19 AM
Cryptocurrencies will have more market value in the next years, but know that altcoins can not be trusted because almost all of them are not stores of value, they are only pumped and later they are dumped. The worst thing is that they are not getting to the highest they have gotten to before. So it is better you are very careful of altcoins. But if it is bitcoin, it is a store of value, you can invest in it. In the next 10 years, bitcoin would have increased to $500000 or more. So buying it now will be very good.
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alexwalletSenior Member
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#11May 9, 2021, 04:32 AM
I believe it is just a pseudo-psychological influence, but it is not capable of delivering the real psychological value of bitcoin. After all, one of the new policies when they first started adopting crypto was to require people to use their facilities and guidance to ensure everything remains under control and oversight. I'm not against such a movement as long as it's mutually beneficial. In practice, there's no evidence of such a policy benefiting from it.
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tony_ninjaSenior Member
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#12May 9, 2021, 09:16 AM
There's possibility of something like that but as of this time I can't say much about that. Let's say if something like that happens in real then Bitcoin's value will surely be very high at that time. I personally think that in next 10 years Bitcoin will be over $500k but it's just my thinking, it might be more than $1 million or below $500k but it'll surely be more than $200k by then.
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maxi_bitFull Member
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#13May 9, 2021, 03:33 PM
Of course, it has already started, more and more institutions are getting involved, and a decade from now is a very long time, I would say it is going to happen sooner than that, but after a decade, there will surely be a lot of institutions involved in Bitcoin. The potential of Bitcoin has now been recognized by some of the major institutions, but there are still a lot of them that are ignoring it, or maybe are involved but haven't gone public with their involvement yet, but in the future, it will surely be public. I also believe a lot of influential people are already involved in Bitcoin but are not revealing it yet. When it comes to the price, I don't think we can have any idea about that, but we can say that it will surely be way higher than where it is right now, and I'm talking about the all-time high, because we know that the market is unpredictably volatile, so maybe it will go to $800k, and then drop back to $300k, but it's the all-time high that will matter at the end because we know it has reached that point, and in the future, it will surely go above that point.
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anonSenior Member
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#14May 9, 2021, 07:15 PM
Weather institutional or globally, if adoption of bitcoin continues to increase around the world, it's price will continue to increase in the future. We can all just speculate on these events as no one can tell where bitcoin could be in the next 10year. I don't like to focus my head on institutional buys because from what we can see in their current adoption of bitcoin, they are more concerned about how much they profits from the market. They are not as patriot as every other bitcoin investors. So we shouldn't mind if they do adopt bitcoin or not. In the future price will still be higher for bitcoin and it will still remain the most widely used and known cryptocurrency out there while the others will be facing a lot..
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luckykingFull Member
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#15May 12, 2021, 02:17 AM
You're right to say this. Even though it is not exactly the real value the masses see, it will prompt them to see that real value eventually. These institutions will make Bitcoin look like a shiny gem, and the masses probably will adopt with the wrong mindset, but eventually, they'll come to understand Bitcoin fully, and adopt it for the right reasons. It's just like a case of choosing a bride. The appearance of the bride might be appealing, but when you get close, her character will determine if she is suitable or not. That's the same psychology applied here.
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alex.lynxMember
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#16May 12, 2021, 08:16 AM
Totally right, when people get the right perspective of Bitcoin, they will surely come for Bitcoin for a good reasons, as that reason will keep them going and motivate to also keep investing in it, most people are into Bitcoin because of what people say about it, without them fully aware of the potential value of it. But, with the way Bitcoin its growing, most people will surely get to know and understand its value, because some people might starts for the wrong reason and will stay for the right one, just with time, adoption will take place.
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ryanwizardSenior Member
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#17May 12, 2021, 01:42 PM
Even as we speak now there is mass adoption of cryptocurrency and bitcoin is getting more attention than any other just as ever before, but this institution adoption does not affect our individual position of Bitcoin or even determine the market value in respect to time, women just needed is to go through the previous years and see how the market has been performing even with some of these whales accumulating Bitcoin.
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cryptoapeMember
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#18May 12, 2021, 04:43 PM
I think crypto will be more accepted 10 years from now, especially Bitcoin. Big companies and banks are already paying attention, so I don’t see it disappearing. But I don’t think anyone can give a real BTC price for 10 years later. People can guess, but nobody knows. For me, Bitcoin may be much higher in the future, but it will still have big ups and downs. So it is better to believe in the long-term idea, not just depend on price predictions.
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WildBearSenior Member
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#19May 12, 2021, 09:37 PM
Let's go back a decade ago and it's likely that this has been also asked before. While it can be different for the next 10 years. My brief answer is yes. We've got the institutions already and they're in the race of having more bitcoin into their portfolios. It might change but it's here to stay.
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raven1337Hero Member
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#20May 14, 2021, 09:10 PM
It depends on what you mean by "crypto". If you mean the markets that allow people to bet on memes like "Bitcoin" or "Dogecoin" or "XRP" or whatever, I suspect that business is going to keep going on forever, just like eBay is still around and doing the same thing it's always done. In this sense, there's already mass adoption of crypto, and that market is saturated. If you mean a bunch of new businesses and products that started in the crypto universe because the lack of regulations fostered many new business models, that is happening now and will continue to happen: but I suspect people will use the term "crypto" less and less since the technical implementation doesn't matter. If you mean the specific blockchain technical architecture, that hasn't had a real reason to exist for years now, and that will fade away. Satoshi's Bitcoin architecture was created to solve a problem that no longer exists: it's perfectly legal to do all of this now, so you don't have to hide from any governments to create the networks. As for BTC's price, who knows. It's a meme, so it could be $100 or $1 million. The price will depend on mass sentiment of the word, "Bitcoin". It's like asking what the most popular beer will be in 2036.
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