Bitcoin Forum

I got a question, Do you guys think BTC will die out and become unpopular with no value of it?
Just to see if its worth investing in it.

It is possible for the price to drop to near nothing. However, there is also a chance that the price will skyrocket to a unimaginable value.

Yeah you have a good point here. Its just that i dont want to keep my online money on something that might crash alot during the near future. But ill guess it will take a few years before BTC even start to be less unpopular. Might not happend ever aswell.

Yeah true, its really hard to tell. At start 1 BTC was under 1$ and went up to 1200$+, then stabilized at around 200-300$.

 If you see Bitcoin as an investment then there is always a risk. No one knows what the future holds. You can use Bitcoin as a payment method without much risk.

Yeah well i dont see it like an investment. But i need to hold cash on it, so its just that if i have 2k$ and they suddently goes down to 100$ it would be pretty ugly :P
As i said i dont belive this will happend anytime soon, just a general question :)

I believe many people around the world have the same idea as you. Many more will once they hear about and understand the technology. I did invest in Bitcoin. I believe the risk/reward is a no brainer - especially long term.

At the moment, bitcoins are being traded by a relatively small number of people. Therefore, the price will go up and down rapidly due to any good/bad news. However, it should become more and more stable as time goes by. User adoption is the key to bitcoin success.

there are only 2 options. 1= bitcoin will succeed and see the adoption rate go through the roof. 2= bitcoin is being replaced by something much better which makes bitcoin basically useless and lose support of the people.

Yeah its the 2nd option I'm worried about.. :/

This should answer your question. Yes, there is a chance that bitcoin will be in total ignorance but I guess not in the near future or in 10 years. Bitcoin is still progressing to reach it's full potential socI think it'll be possible for people to just dump the coins if it promises a good profit in the future. ;)

The possibilities vary much as the outcome could be anything, it might go all the way down for sometimes and everyone say again the end of BTCitcoin but again it rises and maybe even it goes all the way up in terms of value.. Is it worth investing? I would say hell yeah, it's getting better by each passing day, the demand is growing therefore the longer it stays as it is with the potentiality of increasing in value further more

Even if bitcoin turns to dust it'll have changed the world. Not much comfort for those invested now but no one said life was fair.

There is a slim chance of it happening, and that is if bitcoin is found out to be not secure after all. But for the meantime,  it won't happen seeing that there is a lot of attention and good news happening right now.

it's wouldn't happen because every days the bitcoin users grow and more growing
and that is the proof bitcoin is more getting popular every days

Bitcoin is based on concepts and programming code. It means it has reasons for it's existence. If the reasons are not true then bitcoin would have turned ponzi 5 years back itself. So, as long as reasons are valid and needed, bitcoin will stay with us.

Sounds like its way beyond your comfort level OP.  Your better off waiting about 5 years when its mainstream and over $5k each.  Then you can buy when price is more stable.

I think bitcoin will crash if there is worldwide censorship/shutdown of the internet. Anonymous currency will always be desired by criminals and persecuted people so there will always be some sort of niche.

Bitcoin will never die out, it can only morph into something different and better. As long as there is money to be made (and there always is) , bitcoin will continue
to jump up and down in it's price according to relevant news and events.

To say that it won't collapse is probably a statement of overconfidence. Fact is nothing is guaranteed. At this stage the biggest threat is the damage to its reputation caused by u related scams. I think overall future looks bright with good posibility that adoption will increase further and bringing bitcoin to mainstream.

Anything is possible I think.. 

It has already crashed more than once, and is rapidly becoming less and less used, as the euphoria is waning. From the peak valuation of $1,250 achieved in 2013, Bitcoin has lost almost 85% of its exchange rate, and is continuously falling in value. Also, the bitcoin adoption has slowed down considerably, and fewer people are using it.

It depends from the type of investment
Short and long term remains uncertain the price can drop or increase so fast
But in the medium term it should be profitable : for example few weeks the price was ~240$ today it is 282$ (in preev)

So what are you implying on that? Bitcoin may have crashed from a bubble, but that doesn't mean that it is a failure. The general public may have decreased, but from an investor's POV, bitcoin is very useful. It just takes one good news for bitcoin to appeal to the masses again.

No it will evolve and grow in one form or another
When the original system is turned into an archetype for something new perhaps long in the future we will be ready but people will still remember Bitcoin started it all.

At that time, Bitcoin 2.0 will appear and serve the world. Bitcoin will evolve all the time. It will be better.

if nothing new that can be better than bitcoin, and at least decentralized like bitcoin, come out i won't see this happening

in the worst case btcoin will remain a small market, only for nerd, gerk and akin people

You came here to the Bitcoin forum to ask a question like this. Of course everyone will tell you that this is not possible and will not happen. :)

In my opinion there are now small chances that this happens. Even if this is to happen, something else will replace Bitcoin, some other coin. Blockchain technology is here to stay and it will change the world. I hope Bitcoin as well.

No, because as long as the illegal activities rely on it there is very less chance of it getting devalued etc..
weapon dealers, drugs...and all that.

as long as 2 people mine bitcoin, it will still run even when your grand children want to retire.

the real question is, when will FIAT crash and a loaf of bread costs $30+

Bitcoin will be having close to zero value, if there are only two people to mine them. The more the users, that much higher will be the value. And I believe that one of the reasons why the exchange rate is going down, is due to the fact that fewer number of people are using Bitcoins, when compared to the situation which we had in 2013 and 2014.

I'm afraid that 2 miners would not be enough to process all the transactions made in the network, and I'm afraid that if we come up to that scenario, bitcoin would still be used by the public.

comparing all price movements to a short 2 month period of winter 2013/2014 is pathetic..
the jump to $1000 was a fluke. it was moving too fast and was bound to burst. it was not natural price rise.

that said even if only 2 people were mining bitcoin.. it will continue. and lets imagine this was the case in 25 years from now (2040). where due to reward halving, each block would be handing out under 1btc per block..

which because those 2 people are fighting for dominance.. the hashrate will continue to rise, meaning equipment cost and electric will be high and so the cost to produce the block (less than 1btc) would not make 1btc=2c.. it would make it man dollars.


and even when/if there was only a couple people still mining. bitcoin would continue..

by this time no one will want to even swap bitcoin for FIAT. there will be shops open to buy groceries with bitcoin, car fuel etc.. after all there is more chance that a FIAT collapse would happen..

again the other reason btc wont =2c. is because a loaf of bread being $30, means that electric kwatt per hour wont be 20c, it would be $2. and as i explained the cost of competitive mining. and the many kwatts needed to hash.. the cost of making that under 1btc/block would be many dollars. not cents.

even if bitcoin stayed at a value of 150 loaves of bread for the next 25 years.. even by that alone will mean bitcoin would be worth thousands.. just to keep up with FIATS inflation.
just keep in mind the whole deflation nature of bitcoin vs FIATS inflation and you will see there is more chances that bitcoin value will rise, rather then fall, even if it doesnt move. the value will increase

no one will know what the natural price of bitcoin would be.. whether it be a few dollars or a few thousand dollars.. but one thing is for sure bitcoin will continue and it definitely wont be only a few cents.

Thanks for all the good replies!
Everybody has a really good point in there posts!

probably not at the moment , it's pretty popular and it's worth billions now (marketcap) so it won't be that easy to stop at this stage . and if It didn't die on the past six years Idk why it's going to now.

Nahh not anytime soon. Maybe when we are all dead. Right now the protocol is just being more and more solidified into the global consciousnesses, the protocol is getting inside every human brain, and it will grow thanks to sidechains and other implementations. This thing is here to stay and will outlive all of us.

If there are only 2 people mining bitcoin, bitcoin has no value. As it indicates that people do not care about bitcoin, and do not compete to get some more. Higher bitcoin difficulty means there are many miners mining the bitcoin. The cost of mining each block is an indication of the total value.

I think there will be a time that all the governments around the world trying to ban bitcoin when their paper notes crashes in value exponentially, similar to John Law did to gold during his fiat money Mississippi bubble: Preventing people from using alternative transaction medium to raise the value of fiat money. But eventually everyone will try their best to get bitcoin through private otc trading/localbitcoins/openbazaar, while they quietly watch the collapsing of fiat money

However, currently most of the fiat money are locked inside the bank vault, so there should be some kind of large financial activity to activate those liquidity, most possibly the mass sell of government debt from large bond holders

As long as there's demand for Bitcoin, it won't crash and be unpopular ;)
The only way to kill Bitcoin is by force from the government which might happen in the future if they feel oppressed  :(
like illegalize using bitcoin or block our PC from connecting to the Bitcoin nodes

I do not think all the states in the world will unite against bitcoin. As long as there are 10 nations you can use the coin, bitcoin will survive. It is also a internet coin, it should work in very where with internet.

I think it can never crash like returning back to $10 price. Bitcoin's demand (even if it somekinda speculative) is strong enough to hold it up still.
Technology behind bitcoin is so great that some people thinks they actually invest into future's technology.