is this the end of bitcoin?

[Lauda]

In a sense this is an interesting view of the issue
The infrastructure developing now and the decentralized networks to replace them later, relatively it is the end of at least one architecutre even if it was only to be a piecemeal solution for later technology.

Yes, I think also like this.
Infrastructure can change and develop but I don't think this will affect bitcoin much.
Technology is evolving every day and it is a very good thing.
Right now, I'm much more worried about the value of Bitcoin, and its price and stability, rather than on how the development of infrastructure affect BTC.

Huh? The infrastructure is something that will have a huge impact on Bitcoin. Decentralized exchanges, markets, simpler wallets?
Don't you find that appealing?
Bitcoin definitely has potential but it needs to be used in the proper way for it to succeed.
I'm said this many times already. The price does not matter (!). Bitcoin will work be it at $1000, $100 or $1. The stability does matter though.

[michietn94]

what if bitcoin price crashed...due to any serious mistake or problem...can it still be recovered?

The value depends on supply and demand for bitcoin. If someone trust enough on bitcoin then they will buy it. When they buy it , the price also increasing. So at the moment I think many of us dump bitcoin in huge amount so the price keep decreasing. But for who still hold bitcoin, I think this time to buy some more...

[oblivi]

Yes! its the end, again! 50 times the end more and more!
http://bitcoinobituaries.com/

[RodeoX]

what if bitcoin price crashed...due to any serious mistake or problem...can it still be recovered?

That would get my attention. When the price moves around due to fluctuations in supply and demand I don't think its a big deal. But if SHA encryption was broken, or something like that, it could really hurt.

[ToshiOcean]

Just because Bitcoin is the "currency of the future" does not guarantee that it will (someday) be worth thousands of dollars.
Bitcoin in the future could very well be at parity (equal to) the dollar, the pound, or any other banker-controlled currency.
The party's over. I see "the future" and it looks like the Rich Elite with lots of shiny controls and regulations designed to keep you firmly in your working-class, slave condition.
If you have Bitcoin, SELL NOW and walk away from your delusions of wealth in this arena. Bitcoin is toast as an "investment for the future."  Now get your ass back to WORK. Your boss needs a new sailboat.

[ashour]

Bitcoin won't die anytime soon, it has a stable trading volume and that is what matters. Many jobs/service/exchanges/companies etc rely on bitcoin but the price of bitcoin doesn't matter for them. Only mining farms and mining corporations are getting hit by this bitcoin price fall. The bitcoin price will stabilise once mass adoption arrives and more regulations come in place to protect consumers from bitcoin scams etc.

[Amph]

Just because Bitcoin is the "currency of the future" does not guarantee that it will (someday) be worth thousands of dollars.
Bitcoin in the future could very well be at parity (equal to) the dollar, the pound, or any other banker-controlled currency.
The party's over. I see "the future" and it looks like the Rich Elite with lots of shiny controls and regulations designed to keep you firmly in your working-class, slave condition.
If you have Bitcoin, SELL NOW and walk away from your delusions of wealth in this arena. Bitcoin is toast as an "investment for the future."  Now get your ass back to WORK. Your boss needs a new sailboat.

you mean 1 btc = 1 dollar? not possible and it doesn't make sense at all, because of the limited supply, instead those scam fiat have all, infinite supply, printed every day

right price of bitcoin should be in the range of 10k-100k

[ToshiOcean]

Yes, I do mean 1 btc=1 dollar.
The workings of the banking system can (and will) drag Bitcoin into submission.
Bitcoin is now an official currency and subject to control. Bitcoin falling off a cliff?
As if they'll let you buy a thousand of their dollars or pounds for ONE Bitcoin.

[JayCoDon]

There's no fundamental reason that 1BTC = 1USD. Maybe 1bit = 1penny? Or maybe 1bit = 1USD? But I don't see bitcoin dropping so much that 1BTC = 1USD.

That being said, here's the fundamental way the bitcoin price goes up:
- New applications are released
- Those applications are used by people
- Those people need to use bitcoin (one way or another)
- Application needs more bitcoin
- Value of bitcoin rises

If people are using it, the value goes up. If there is only so much, value goes up. Price is cool, but if you care about price, forget the price. Be excited about all the infrastructure and applications because that will see the price of bitcoin rise way higher.

[Mehek]

should i lock this thread?

[ashour]

what if bitcoin price crashed...due to any serious mistake or problem...can it still be recovered?

The bitcoin protocol is open source and stable, everyone can see of there is a bug or problem in the code. Even if there was a bug or problem it would be fixed by the bitcoin core developers. There is a huge support and trading volume for bitcoin to crash.

[ChuckBuck]

should i lock this thread?

Absolutely lock it...or not!  It's a free world, you can do as you please.   

If you still have more to bring to this discussion, feel free to ask more questions or spark more debate to why you'd think "it's the end of Bitcoin".

I mean it's obviously still around after 6 years, not going anywhere, not about to be banned, not a fad, not going to be replaced anytime soon, so you use your own judgement...

[Mehek]

well hope i was wrong..

you are right. this game is near to the end

and why do u think so?

[darkangel11]

There's no fundamental reason that 1BTC = 1USD. Maybe 1bit = 1penny? Or maybe 1bit = 1USD? But I don't see bitcoin dropping so much that 1BTC = 1USD.

That being said, here's the fundamental way the bitcoin price goes up:
- New applications are released
- Those applications are used by people
- Those people need to use bitcoin (one way or another)
- Application needs more bitcoin
- Value of bitcoin rises

If people are using it, the value goes up. If there is only so much, value goes up. Price is cool, but if you care about price, forget the price. Be excited about all the infrastructure and applications because that will see the price of bitcoin rise way higher.

If any of you think we'll see Bitcoin for 1USD you must really be delusional, even more than people who think we'll see 1BTC trade for 10k USD.
If Bitcoin is to ever function as a means of payment or a store of value it won't be able to go down to as low as 1USD and if it doesn't perform its function it will be completely forgotten and abandoned. This means that  you will never be able to see Bitcoin trade for single digits and if you do it will be just days before it dies like so many altcoins.

[randy8777]

Yes, I do mean 1 btc=1 dollar.
The workings of the banking system can (and will) drag Bitcoin into submission.
Bitcoin is now an official currency and subject to control. Bitcoin falling off a cliff?
As if they'll let you buy a thousand of their dollars or pounds for ONE Bitcoin.

bitcoin an official currency? since when? people still don't know what they should name bitcoin. a currency? gold 2.0? assets? people can't seem to agree.

[neurotypical]

Bitcoin hasn't even started, we are at version 0.10 ffs, 99% people dont know what it is. Do you even perspective?

[afriezalie]

This is the beginning of bitcoin. About the sites that closed due lack of fund because the value of bitcoin rises everyday. There are more people that trying to get some bitcoin. I heard that many big companies in US start to receive bitcoin as one of their payment methods.
About bitcoin exchange rate, i can't say anything related to that , maybe there are many ponzi scam out of there that sold huge amount of bitcoins.

[Amph]

Yes, I do mean 1 btc=1 dollar.
The workings of the banking system can (and will) drag Bitcoin into submission.
Bitcoin is now an official currency and subject to control. Bitcoin falling off a cliff?
As if they'll let you buy a thousand of their dollars or pounds for ONE Bitcoin.

control of what? the market? the market was always controlled by whales(maybe not when bitcoin started), this isn't a new thing

bank are not controlling any bitcoin, just government is holding those coming from criminal activity

[Sithara007]

Yes, I do mean 1 btc=1 dollar.
The workings of the banking system can (and will) drag Bitcoin into submission.
Bitcoin is now an official currency and subject to control. Bitcoin falling off a cliff?
As if they'll let you buy a thousand of their dollars or pounds for ONE Bitcoin.

control of what? the market? the market was always controlled by whales(maybe not when bitcoin started), this isn't a new thing

bank are not controlling any bitcoin, just government is holding those coming from criminal activity

Yes. Traditioanal markets had always been and will always be controlled by some most powerful Richy-Richs. When they enough money and want a reset of market, they just crash it. Same thing will be applicable for Bitcoin as well.

[coinpr0n]

If too many people ("investors") get burnt I think we can call it a day for high prices.