I like to think that time travel is possible in the future (probably far into the future). But I like to think if/when it's invented, it will be (or is) strictly controlled by some government agency, so we don't cause paradoxes or leak information to the past. And the resources needed to travel are probably (or probably be) very expensive/rare.
Think about airplanes. When we first invented them, it was no better than today's crop duster. You couldn't go very high. Since the pilot was not in a pressurized enclosure, the higher you went, the less oxygen you had so you'd eventually blackout (if the engine didn't stall first). Later, we invented the jet airplane. This could go higher and faster than any airplane we made before. The pilot was in a pressurized enclosure so he/she wouldnt blackout from the lack of oxygen when they were high above the ground. The jet was a solution all of our problems. Anyways, point being, we've had jet aircrafts around for years, everyone knows about them. But you cant exactly built one in your backyard. Even if you do manage to get the parts and assemble one, you need jet fuel, which is very expensive and difficult for a civilian to get their hands on. Even if you do get fuel, you need a large runway. Even if you have a runway ( or something close to it), you technically can't operate it without permission (and, I imagine, a permit and proper license) from the FAA.
So I think time travel will be like that. You will need special training and permits and stuff. It will be limited only to people with that training (part of it being a contract stating that you cannot go back in time and share knowledge of the future, or change major events from happening, or anything else that will cause a paradox). And I'm sure the machine will have a sort of "black box" like planes do, recording everything. And each inconsistency between the black box and the flight plan of each trip will be put under review and scrutinized. And if any "pilot" of the time machine is caught misusing the machine, they'll be banned from time travel indefinitely.
That's just what I can see happening.
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