Will Bitcoin ever Crash and be unpopular?

[Luqman]

Anything is possible I think.. 

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[bryant.coleman]

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.

[StingrayX]

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 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)

[dothebeats]

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.

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.

[freedomno1]

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.

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.

[OrientA]

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.

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

[Amph]

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

[Mickeyb]

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.

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.

[minerbit hill]

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.

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.

[franky1]

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+

[bryant.coleman]

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

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.

[dothebeats]

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

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.

[franky1]

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.

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.

[Yoshimitsu]

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

[MadGamer]

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.

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.

[neurotypical]

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.

[OrientA]

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+

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.

[johnyj]

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

[teddy5145]

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

[OrientA]

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

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.