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Dan

Economic influence and predictions for the future of Bitcoin

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Hi All,

Was reading over an article recently and stumbled across some rather interesting predictions regarding Bitcoin that I would love to discuss with everyone. I have highlighted some really key possibilities, and would like to discuss those points further.

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10 predictions for cryptocurrencies in 2018:

  1. At least one country's currency is likely to fail soon — likely Argentina or Venezuela. This will lead to mass adoption of bitcoin among that populace. That will in turn lead to bitcoin rising by more than $50,000 when it happens.
  2. Mainstream banks will accept bitcoin, and will start offering storage and software access. They will also create cryptocurrency derivatives — as the CME is about to start doing.
  3. Despite the optimism, there will be a massive wipeout, and 95 percent of the alt-coins out there will go away — just like the dot-com bust. The surviving coins will go up a ton. This will happen within next four-six months.
  4. The U.S. government will secretly start accumulating one of the smaller cryptocurrencies to make it easier for gray-area transactions with other countries. This has already started happening but will really start to ramp up in 2018.
  5. China will invest heavily in another cryptocurrency, but probably not bitcoin. China will want to have a cryptocurrency that is competitive with bitcoin, but under its centralized control. This will, in general, provide legitimacy to all cryptocurrencies.
  6. One big problem with cryptocurrencies now is their volatility. At least one — basecoin — will likely dramatically reduce that in 2018.
  7. More companies will pay freelancers with crypto, which will lead to calls for tax reform. There will need to be greater regressive sales taxes, which will ultimately require government cuts and eventually less power for national governments. This is a long-term prediction.
  8. In the same way the internet changed the monopolistic phone industry, crypto will change the monopolization of government-backed money.
  9. A new government organization will be created to analyze regulation on cryptocurrencies. This will, ironically, lead to a huge upswing in bitcoin and coins that provide actual utility.
  10. Thousands of crypto companies will be created and go public, but only a few will be massive successes.

 

 

Source: https://www.cnbc.com/2017/12/01/james-altuchers-bitcoin-predictions.html

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6 hours ago, Dan said:

Hi All,

Was reading over an article recently and stumbled across some rather interesting predictions regarding Bitcoin that I would love to discuss with everyone. I have highlighted some really key possibilities, and would like to discuss those points further.

 

Source: https://www.cnbc.com/2017/12/01/james-altuchers-bitcoin-predictions.html

i know things may change into the next generation of the upcoming  cryptocurrency world, but yah there are some possibilities that these predictions they've made, will occurs into the near future.

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I agreed with almost all those predictions. Most of them are just steps in the natural process to accept a new way money will work. It was the same when FIAT currencies appeared or when credit cards were created.

For the number 9, I believe governement already have that in place or are in the process to do it. But they will make it public the later possible because it will indeed bring more attention for the "lambda" user to the crypto and accelerate the process.

I believe too that we will see more country related coin, an official crypto for each country.

For the point 5 ... NEO anyone? ;)

 

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