Bitcoin Forum

Hello.

Despite the fact that crypto-engaged people used to say, that crypto is "very young" technology, in fact almost 10 years past from the appearance of bitcoin, so it is not young at all. However, nothing has changed actually for these ten years. We uses to talk about crypto as a "currency", but it still doesnt work as a currency.

And i think, that this fact shows us, that the current technology is far from the appropriate one, and in the future it will become the main reason for the current coins to dissapear.

Maybe the present developers will play their role of pioneers and the future generations will consider their mistakes and make the really useful crypto. To be honest: do we really have useful crypto today? At least for something... No! Only ripple comes to my mind when i speak about usefulness, but it is centralized. (however, first right step was done)

We need crypto for something really important, not only for payments, and society needs it too. I think, that the perspective spheres for crypto projects and blockchain are: cloud storages, computing power, authenticity systems (for elections, government`s money flow).
However, unfortunately, all we have are dexes, doubtful platforms and empty promises.

However, i dont think that we should afraid of the bad outcome for the bitcoin at least, because it became the digital gold not only for enthusiasts, but for the serious people too (those who knows the history of the real gold will understand me), that`s why his price will grow in the future. (but not as much as you want)

Do you agree with me? Why do YOU think the current coins will dissapear?

Thanks for attention

Disagree with you. There are also decent projects directly related to the real economy, but they are not yet popular enough.

Well, I agree with your statements. Why does the cryptocurrency we know disappear? Well, this is a development with the development of technologies and cryptocurrency will be developed. And she just goes to the next level. So the cryptocurrency that we know will remain in the past due to the imperfections of technology. I’m sure that another 10 years will pass and maybe we will have a new digital gold.

I really agree with your thoughts, Altcoin will be lost, I think they really have no development from the team or the team is less intense in terms of progression

There are a lot of useful crypto out there but polluted by a lot of scam coins or shit coins. I don't think this will disappear unless there is a way better alternative.

I do not fully agree with you, have you followed the crypto world for 10 years? This figure is quite young, and the achievement of crypto has exceeded the expectations of many people, its growth is currently able to exceed real economic growth, the evidence that is quite relevant to this is, bitcoin is becoming one of the digital currencies whose growth exceeds even the dollar, so that it becomes the future gold that needs to be considered

I totally disagree with what you are saying, first of all, 10 years is totally not enough for an invention that is aiming to take over the traditional currency as we know (Fiat money) do you really think that 10 years is enough to make that kind of change! There is already a lot of useful Crypto projects and the real problem is that the adoption is not enough yet. Also, there is an increased number of projects launched lately that are aiming towards real-life economy, I do not want to name projects by name because I don't want the discussion to drift from its main purpose. But the real problem is not in Crypto itself, it is in the adoption. If people can't really adapt with Cryptocurrency in its simple form now, then how can they adapt to more advanced Cryptocurrency!.

Our real problem is that most people come to Crypto only because they heard about how huge the money they can make from it, almost all the people I know that joined Crypto in mid and late 2017 was in for the money. I remember back in 2016 people was so happy with every shop added to the list of accepting BTC and now there is not even a single person talking about BTC acceptance and all are talking about BTC price for the money.

The problem is not 100% in Crypto but a real big part fall on the mindset of people acquiring it.

I totally agree with you that there is a lot of useless coins/tokens maybe even 80% of the current coins/tokens that will disappear sooner or later.

Its OK to be apprehensive but I don't agree that new coins will all die and not survive. Also, I have no issues with a centralized project if its good. We need to be a little less over ambitious at present. The best way forward is to gain acceptance from governments and industries. Its happening, we can't say nations are ignoring it totally but its slow and ofcourse with some moderation. EU plans to devise some mechanism to regularize crypto for investor benefit and may be this is a good sign.

We can be rigid and lose it all or we can be a little relaxed and let it flourish first. The rules can be amended later as per requirement. (I don't expect a lot of people to agree with me but this is just an honest view for crypto's success)

I do not agree with the author of the post. Bitcoin is very young and is at an early stage of development. Did you hear anything about him until 2017? I think that if you heard something from various specialized sources. Only in 2017, he was really widely spoken about in the public. Therefore, I believe that the most interesting is yet to come. I agree that many people will not survive in the near future, coins and tokens are around 2100 and 99 percent complete shit, the time for cleaning will come very soon.

The problem with cryptocurrency is about the stability of a coin, because investors always focus on it. For instance if the market is bearish every single person check like how capable is this coin. But everything vanish in a real quick time, the value of coins dropped very badly this time. Hopefully it will recover very soon.

There are countries that actually make user pay their bills using the 3rd party, this proves Bitcoin to be used as currency.  Not exactly the kind of transaction that you will used btc to pay but it works the same thing. Its one example of adoption if you ask me. The survival of crypto doesn't depend to these 3rd party but I think by the users who keep this running. Everyone already agrees blockchain to be useful including he banks and government, start with that thought.

It seems to me that in 2-3 years we will be able to use BTC just as now we use Karyt Visa or MasterCard. Bitcoin for the future. Of course, not as we see now, but this is just the beginning of change ...

Ten years may not really be enough especially if we are gauging Bitcoin as a currency and if you look closely the many achievements of Bitcoin are all testament to its power rather than failure for many reasons. While I understand that many people can be impatient but we have to understand that things can never be rushed especially if we are talking about the dreamed massive adoption that should have happen with Bitcoin. There is no such thing as easy road to progress and this is quite true with any kind of endeavor.

honestly crypto has worked optimally to become a currency that can be accepted and used by the community. there are many offline and online stores in various countries that have long received crypto for their transactions. it's just that the average person doesn't know or is still hesitant or lazy to use crypto, I personally am greatly helped by crypto's presence, because it facilitates all transaction matters, especially transactions between countries.

There are are so many projects which have direct use with the economy and not only ripple but this projects are not that popular, I have come across a project on the bounty section which seek to deal with the real estate business and so many other utility token's are all involve in direct service in the economy. Bitcoin is just like the universal coin among all which can be use for several purpose.

I agree. Not all projects are getting not much attention from the public but they are still doing developments and innovations with in their platforms. The market capitalization is not even the basis of change here but the project themselves.

I think the market is still small but its potential is undeniable, now is the time of crypto boom so the amount of coins on the market increased rapidly which included a lot of shit coin. At some point, the explosion is over and only healthy coin survives.

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10 years is very young for a technology such as bitcoin which is unique and is changing the world. you should not think about it as any other technology that comes along and takes the world by the storm in a short time. you should instead think about it as a currency related technology that is changing the payment systems.

for example compare it with when people were using barter system and then currencies came along. it was the new technology of that time and it did NOT take 10 years to replace the old system, it took a lot longer. same with any other newer technology such as cash, then banks and electronic currency. and now bitcoin is the same too. it will take a long time to mature and actually replace the old system.

There are  facts with what you are saying right now, but the real truth is that crypto has come to stay,many useful projects have emanated from the crypto blockchain and the present situation calls for improvement.

I believe that btc is still young at 10 years and it is still in the process of development. Mass adaptation is further growing and in my opinion, most of the people are more concern in btc investment rather than using it as a payment transaction. To be able for btc to evolve and survive further in this crypto world, it should be use as what it is being designed for and not only for investment but as a payment transaction.

Nobody said that cryptography is a young technology. Cryptography was studied for a long time before the appearance of BTC, but it was BTC that showed the whole world how much cryptography is significant for our world. Before the advent of BTC, a handful of people knew about the existence of cryptography. Therefore, I think we should not be ahead of the events. This year was difficult for cryptography and the entire cryptocurrency. But we believe in the best in the next year, no one said that everything would be perfect right away. People need to understand how to work with this system.

of course I agree with what you say, even proven. that some worthless coins and no trading activity have started to be removed from the list of some exchangers

A lot of current projects do not have a finished product. if there are competitors who will make the product faster than existing ones, therefore current projects will simply disappear

Wow I haven't never looked from this perspective. You are really right about a lot of coins are made for earn money by someones so we need to understand this technology that can change all history of world. Than we may talk about future of this market.

this idea of yours, that present developers are pioneers is very likely to be the truth. i think it is just like with cosmos exploration, first it was sputnik and then animals on a spaceship and then human

I totally agree with you, and I think your theory just has to be popular. It seems to me that now it is almost none of the most correct views on the market in this forum. I think any one agree

You have stated an interesting idea. I think that perhaps the developers will modify some already existing coin.

Yes I agree, but we cannot really tell as of now if coins will disappear..

Crypto has a past but we all know that crypto started to develop more in the past 2 years. I don't think that crypto will fail because for sure it will find it's way back.

Blockchain technology is incredibly young. And it seems to me that the situation in the market, which is now, maybe another 10 years (I mean the UPS and downs). It is worth trying to believe in the future, everyone is waiting for us to start using cryptocurrencies widely

The modern situation with crypto is very alike with the one we observed with dotcoms in 2000. There will be more and more coins, most of them will die in 10 years for sure.

The mian problem that people afraid to invest in something they don't understand and they don't want to try at least learn something about crypto

Nice advice, It is a tough time for everyone at the moment. I think we are in the capitulation phase of this market cycle, people have left and most likely will not return until the next bull run occurs

i like your topics and how you analuze it, great! and i agree, ten years is not that little. however we must admit that for something that aims to reform worlds econonomy it is quite all right

even now, quite a lot of people already believe in cryptocurrency and blockchain technology, and with each peak on the cryptocurrency market, the number of users increases, and new ones come
so I think that cryptocurrencies will increasingly spread and be recognized by the world, and a new set will find applications for them

"Cryptocurrency is one of the young technologies, and in the next ten years it will change the world" is a worthless saying. Looking at Coinmarketcap you will see the market falling and falling every day, the capitalization decreases per hour and the investors complain.

There are things that I agree in the post and there are some things that I disagree, I agree that there is no risk of bitcoin disappearing and that there should not be any fear that any bad outcome will come to it, however I disagree with the idea that the technology is not young, when it comes to currencies there was not any kind of advancement for decades if not hundreds of years so a technology that is only 10 years old is still very young despite what people may think.

If the new coin showed that it has a good project and is acceptable to everyone, they will not be affected by some negative issues about cryptocurrency, especially scam projects or shitcoin. The coin will show its existence in the cryptocurrency industry, their project can convince everyone. Because to always be on the cryptocurrency market, every new coin must have a function as a place of investment and function for human needs to facilitate daily work.

Yes, crypto will definitely not fail because it shows and proof to us through it act of withstanding the government FUD and threat. Concern, the OP statement the major problem of cryptocurrencies are the governments not the developers because we both know that the crypto communities is huge and it wont be hard for us to figure out to the common hindrance which hinder cryptocurrencies to be use world wide. Besides, XRP which was mentioned by the OP got it reputation because it was centralized but sooner or later crypto currencies will prevail.

I agree with you, but I also think that now there is still an opportunity for cryptocurrencies, such as we know them today, to become more stable, and then people will begin to use them more actively and more often.

I would say that crypto is still young. Those years that passed was not even recognized of most. Few years ago it was recognized and people are aware of it right now. Do we have a limit on how young and old an emerging tech is?

And for its uses, what do you want other use of cryptos instead of being a viable payment? I think you are looking for adoption of its tech which is blockchain.

I think that in the future everything will be with cryptocurrency and it will find its place in the society and it will be used in all day life

People afraid of this market because it is very unstable and we all don't want to lose our money( I think new investors will come here only after several month of stable rates(

Gaining trust from the people will decide the future of survival, yes people are fearing to invest in crypto currency now as they have made the mind set as the value will up more and they have lost faith in cryptocurrency. If the value pumps they will start focusing on this.

I agree, most coins currently have little to no utility. Even those with underlying utility are not being used as so due to lack of adoption and an abundance of price speculation.

If you think that the cryptocurrency will come to an end, then just sell everything you have and forget about this sphere, but if you want to stay, then stop panicking and just wait until the situation normalizes and the market recovers

I agree with your point that Cryptocurrency will be here for a very long time and that most coins now will lose their value as time goes on - this is blunt truth. Most coins now when lose their value because they don't have tangible usecase that can be easily adopted even by non Crypto enthusiasts and very soon the industry will grow far beyond speculative and it will be driven by real life applications.

As soon as the market starts to grow within a couple of weeks, investors will come here again, ready to invest their money. Then another fall will occur again. It is on such unrest that large capital makes money.

True, true, look how many years it took computers or the internet to expand, people in these times thought that internet is useless, that TV teletext is enough, that it offers more information than internet :D.

This is the right word - survival. Since all the coins are tied to ERC20 and the output is all through ether, which has depreciated below. It remains only to wait and hope that at least after the New Year it will grow in price.

On the one hand you are right, but still it is worth considering that we do not live in the 20th century, when it was all new and unique. Now it is easier and faster to do and people get used to it faster, so cryptocurrencies can be considered not a young phenomenon.

Most of the coins that are struggling to survive are not really that good anyway, the coins that are very good and that have the support of the community are losing a lot of value, that is true but those coins are not at risk of disappearing anytime soon, the coins that are really struggling are those that were created by incompetent developers that do not know how to perform their job properly.

Very soon that problem will also be solved and the governments will also realize that crypto is the currency of future and in the future it will work for the better financial matters. Just like SEC announced in one of their meeting that while doing any regulation try to care that no one harm Bitcoin as it is the currency of future.

There are many really good and innovative projects out there that are helping to reshape the landscape here and I do believe they will survive if they are providing real value , both for businesses and individuals. I think that many of the more rubbish projects will die off soon, especially with the sharp decline of the price of ETH, that I believe will fall lower and lower over the next couple of months, so many of the ICOS we saw happen in 2017 and 2018 will just run out of funds and die off, other good projects will remain.

This is the problem that nobody except a few altcoins has solved,,, which is to provide true value to businesses and users. Bitcoin has done that indisputably. Monero as well it solved the privacy needs and therefore continues to be a good currency. Ethereum solved the dapp need, but then we realized that not everybody can make dapps that are useful or provide value.

Great ideas do not equal great value. Sometimes, people do not want to move from old way of doing things until they find it extremely worthwhile. Killer apps?

This is important, a great idea does not necessarily means that a coin is going to become valuable, most people do not know this but people have been working on something like bitcoin for decades, and none of those ideas produced something of value but then satoshi was able to convert a great idea into a great invention and that is what makes bitcoin valuable.

Even though I believe that the scam coins are just going to run dry and die off with time but there is something that bothers me which is the fact that there is no way to tell how long it would actually take these coins to die out since they are so many of them and some of them are still operating like they are the legit coins. I just hope it happens soon

Indeed, in the cryptocurrency market there are a lot of coins / projects that have no benefit or a working product that could bring some usefulness to society, but among the total number of coins, there are still decent ones (for example, blockchain technology) are being introduced into some areas of business and have gained great popularity and recognition. Therefore, it cannot be said that the cryptocurrency industry does not develop and the progress of cryptocurrency is standing still.

Many altcoins will dissapear from market because they do not comply with the regulation of exchange-traded assets and securities. It will take a lot of time to regulate the market, but in the end all of us will benefit from it, because those projects that will survive can become global corporations and change our lives in the future

Despite the fact that the cryptocurrency in principle has been around for a long time, until recently almost no one knew about it. So I think that really cryptocurrency began to exist only 5-6 years ago.

i do not see the age of the cryptocurrency technology as a problem facing its survival as we globally do no look at age of things anymore rather we consider then impact it has made within the time frame it has existed. the cryptocurrency has only been around for just one decade and no one can deny that it has made tremendous great impact in real life cases and also made the financial system advance with much level of speed.

All that the crypto world needs is an official representative of the interests of this sphere. Think about it, every sphere has those who are willing to invest in lobbying their interests, but not the cryptocurrency.

I think that all similar problems with Bitcoin and cryptocurrency can be solved with time and you don’t need to worry so much about it

I strongly disagree. These 10 years, most of the time the whole world was actually unaware of these crypto currencies, its just that in the last 2 years things changed and most of the big companies started taking it seriously, so i think its still young and in its early stages.

I completely disagree with you views and I believe that bitcoin and altcoins market are still young and blockchain technology has done well since inception.  Remember that this is not a ponzi scheme that do disappeared over time but blockchain technology is a discovery and most of the coins are going to remain with us.

I think it is the fact that everyone is now using the coins as a means of investments and not actually as the currency that it was meant to be in the long run will be one of the things that holds the coins back from going up fast. The network is no longer recording the kind of transaction volume that helps to make sure that the coins have a lot of value

Looking on the implementation of altcoins as the payment tool does look so slow.
But lately there are coins that starting to be implemented as a way of payment, so the move toward using crypto as payment tool is still wide open.

not all altcoins will disappear because there is also a real role to support real life, despite the possibility that almost 50% of altcoins will disappear seeing what is happening on the market today.
and I personally believe that the longer the technology will be more mature to be used by many people.

I am still optimistic that cryptocurrency will last a long time in the future, now it is still in a state of deterioration, but it does not mean crypto will end. It takes time to get back up, still react wisely and be patient to wait for crypto to rise again.

Crypto can be said to be still in the stage of development. This is of course due to the still many shortcomings in the crypto is of course still make a doubt for people because it could make a loss. reasonable just because even at this time, there are still plenty of inflexible pieces and this showed that Crypto still takes time to survive and continue to grow.

There is a grain of reason in your words. About Bitcoin really do not worry, as it will not disappear, but here are the other projects and their coins... It is quite difficult to say and predict something here.

For new technological development, i think the time 10 years isn't old yet. cause introducing new technology to people is not as easy as it look.
It will need a lot of process and effort to make it reach every people in this world.

The main problem is that there is still no policy for the development of the crypto industry in many countries and the state does not know exactly how to interact.

Remember how much time was needed for internet for mass adoption and it is still ongoing. Crypto is much
more complicated than internet was and will need more time for mass adoption. The blockchain technology
is here to stay and will change the entire economy we have today.

Remember about dot com bubble and when the government has tried to prevent it also. crypto is about a way to create a future system that will be more effective and efficient to be used to support the our life. That just the matter of time.

The problem is people. Think about it, in this area did not come enthusiasts and individuals who believe in technology , but only the poor who wanted fast money, without the relevant knowledge.

I personally disagree with you,if you claim that a 10 years old project is old enough then you are far from the truth,if you want a 10 years old innovation to change the face of institution that have been in existence for thousands of years,then you are joking,there are stiff opposition that need to be out of the way for bitcoin to really actualize is full potential, there may be flaw in bitcoin but that is why we have some other coin to compliment that,remember we are not talking about some kind if business you start and expect to take over after some year.Did you actually mention disappear, you must be kidding.

If there is nay problem with crypto survival is the fact there is a high volatility in price. But, even with such case, survival of the market will depend on the quality projects it has. Lately, there are many useful and practical projects launched in the market and these will help the adoption of crypto/blockchain. Gigzi, for a sample, is one of these powerful projects. And it will make adoption wider, in my opinion. This project is aiming at solving the volatility issue in crypto, plus making it more secure using biometric Iritech wallet protection..