Bitcoin Forum

as we know, bitcoin is growing at the moment, albeit slowly.

but nothing lasts forever, so just like myspace and facebook, one day people will get bored with bitcoin and move on to something else e.g. fiat money.

what will you do then?

Jump ship for bitcoin 2.0

MySpace and FB are not similar to bitcoin at all.  Try again.   ::)

What will you do when there are fewer computers, or cell phones, or TVs, or cars?

False premise, false outcome.

Spend. That's how you make an economy grow again ;)

If I think Bitcoin's ecosystem really threatens to implode, I would leave the Bitcoin Titanic for a replacement, hoping I'm not too late.

I'll stay on the boat ! ;)

Horrible comparison:  Bitcoin to Facebook.

This reflects a complete lack of understanding of what Bitcoin is.

Try again.

-B-

I love philosophical questions. When theres no BTC I'll start using xxxcoin. What will you do when there's no fiat? 

Same thing I do when my dick shrinks. Wait for it to go back up.

slowly? how many users did coinbase have at the start of the year, and how much does it have today? it's not growing slowly.. it's just that your expectations are a bit unreasonable.

It already have fund on it hardly to shrink

Hodl!

Or sell and buy back when it's cheaper.

What will you do when a new wave of trolls attacks the forum by starting bullshit threads all over the place?

go to Litecoin  :P

Yeahhhh!  8)

Add them to that special list... So they are never to be seen again.

Usually people do the opposite. FIAT to BTC.


I guess in this case LTC will contract even more.

since litecoin doesn't offer anything drastically different from BTC, then it would go down along with it.

For there to be another big currency that people would jump to that currency would have to have the same capital level bitcoin does, currently no other crypto currency has 11 million coins in circulation.

:)

Well, Feathercoin has 28 million, some stupid canine coin certainly has more than 11 million.

Not sure how you could compare spending/receiving/saving  money to something like facebook.  Not even close to the same thing.

People don't get "bored" of spending money or receiving money or saving money.  The hype and attention around bitcoin would certainly go down as it became a more common thing, just like online shopping or a place accepting debit cards isn't a big deal anymore.  But as far as people getting bored with shopping or running businesses or saving money ,  thats not going to happen.

In theory, if a new technology or coin came out that would clearly make bitcoin absolute, the value of bitcoins could plunge to zero, as everyone tries to get off the boat.

Or if the US and EU decide to ban merchants from accepting it.

Everyone seems to be in denial that this could indeed happen.

That risk is just part of the bitcoin gamble. 

___________________________________
Get 420 with bitcoins at zeltasgarden.com

zagerfish if the EU or US ban it the price will drastically collapse to 2 digits, if not 1.
Is that a real possibility you factor in? Isn't it too drastic?
I see tax, regulation and accountability but not a complete ban

What will I do?  Same thing I'm doing now.  Develop my understanding of crypto, and wait to see how it pans out.  This is a long play.  Even if the ecosystem shrinks, it will grow in other ways, and being able to adapt will determine the longterm success.