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Author Topic: How long is Bitcoin life?  (Read 11458 times)
guoyu78
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June 17, 2016, 01:01:08 PM
 #261

I think the life of bitcoin is much longer and we will see bitcoin for more longer in our life, and I think till the doom day every generation will now experience that currency and will adopt and accept it for their businesses.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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martinacar
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June 17, 2016, 02:06:02 PM
 #262

The life of the bitcoin can be unlimited for sure, I really have no doubts about that, it cannot be predicted but we will see what is gonna happen with the bitcoin.
It has a great future a head this year so that is already solid.
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June 17, 2016, 02:26:24 PM
 #263

That is something that nobody knows and is almost impossible to predict. I think that when bitcoin is going to die that we are going to notice it before it actually is going to happen but right now I do not notice a thing.

Bitcoin will survive for at least two decades, and it will not die soon, as more people and businesses are entering into it which will take bitcoin to higher level.

At max it can survive a few decades. By then it will become obsolute.
I expect by then we will see a new kind of virtual currency which will take over. Something not mineable.

The only threat to bitcoin is it might get replaced by new and innovative currency in future, but till bitcoin  is doing well I don't think we have to worry about anything.

I think no, many decentralize coin has been made but many of them failed because bitcoin is well establish and very popular to people globally and new alts cannot get the trust easily since many altcoins are died easily or what you called scam thats why those new alts didnt get more support on investors unlike bitcoin we cam easily trust because it is good and surely we can earn if we stake with it.
That is really hard to know because you dont even know what is going to happen in the future so that is the problem of Bitcoin.
But I think Bitcoin will have not that bad future because the value started already to rise so that is nice.
JohnyWalkerUK
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June 17, 2016, 02:49:55 PM
 #264

That is something that nobody knows and is almost impossible to predict. I think that when bitcoin is going to die that we are going to notice it before it actually is going to happen but right now I do not notice a thing.

Bitcoin will survive for at least two decades, and it will not die soon, as more people and businesses are entering into it which will take bitcoin to higher level.

At max it can survive a few decades. By then it will become obsolute.
I expect by then we will see a new kind of virtual currency which will take over. Something not mineable.

The only threat to bitcoin is it might get replaced by new and innovative currency in future, but till bitcoin  is doing well I don't think we have to worry about anything.

I think no, many decentralize coin has been made but many of them failed because bitcoin is well establish and very popular to people globally and new alts cannot get the trust easily since many altcoins are died easily or what you called scam thats why those new alts didnt get more support on investors unlike bitcoin we cam easily trust because it is good and surely we can earn if we stake with it.
The life depends on the value. You dont know what is going to happen. You only have to just sit and wait what is going to happen.
Everyone hope that the Bitcoin will be more worth so they can sell it with profit. But patience is the most important.
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June 17, 2016, 02:59:04 PM
 #265

Bitcoin will be fine unless USA, Russia or China bans it. If one or more of those countries ban bitcoin and make it unusable in any way, then bitcoin will die slowly. It won't die in instant, and will live in shadows but in the end it will die. Let's pray it won't happen.

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Legasean
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June 17, 2016, 03:17:30 PM
 #266

That is something that nobody knows and is almost impossible to predict. I think that when bitcoin is going to die that we are going to notice it before it actually is going to happen but right now I do not notice a thing.

Bitcoin will survive for at least two decades, and it will not die soon, as more people and businesses are entering into it which will take bitcoin to higher level.

At max it can survive a few decades. By then it will become obsolute.
I expect by then we will see a new kind of virtual currency which will take over. Something not mineable.

The only threat to bitcoin is it might get replaced by new and innovative currency in future, but till bitcoin  is doing well I don't think we have to worry about anything.

I think no, many decentralize coin has been made but many of them failed because bitcoin is well establish and very popular to people globally and new alts cannot get the trust easily since many altcoins are died easily or what you called scam thats why those new alts didnt get more support on investors unlike bitcoin we cam easily trust because it is good and surely we can earn if we stake with it.
Countries are trying to adjust their budget to the new era,the thing is will they be ready to control the financial problems,Greece,Italy,Spain,Portugal ,these and more others countries are being supported by euro.
One thing is sure if the governments dont control their wages we will see a deep crisis and yes bitcoin will reach amazing numbers ,since people will try to save their savings before goverments frozen their accounts has had already happened before.
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June 17, 2016, 09:26:54 PM
 #267

Bitcoin will be fine unless USA, Russia or China bans it. If one or more of those countries ban bitcoin and make it unusable in any way, then bitcoin will die slowly. It won't die in instant, and will live in shadows but in the end it will die. Let's pray it won't happen.

Either if they ban it will still exist. People then to fight if something is taken by them without a good reason.
But the protocol of bitcoin will end probably somewhere in 2060

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June 17, 2016, 09:32:43 PM
 #268

Bitcoin will be fine unless USA, Russia or China bans it. If one or more of those countries ban bitcoin and make it unusable in any way, then bitcoin will die slowly. It won't die in instant, and will live in shadows but in the end it will die. Let's pray it won't happen.

Either if they ban it will still exist. People then to fight if something is taken by them without a good reason.
But the protocol of bitcoin will end probably somewhere in 2060

We really don't know how long is the life of bitcoin, as its really difficult to predict but I think if bitcoin gains the physical form like fiat then it can never die for sure.
MingLee
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June 17, 2016, 09:41:53 PM
 #269

Bitcoin will be fine unless USA, Russia or China bans it. If one or more of those countries ban bitcoin and make it unusable in any way, then bitcoin will die slowly. It won't die in instant, and will live in shadows but in the end it will die. Let's pray it won't happen.

Either if they ban it will still exist. People then to fight if something is taken by them without a good reason.
But the protocol of bitcoin will end probably somewhere in 2060

We really don't know how long is the life of bitcoin, as its really difficult to predict but I think if bitcoin gains the physical form like fiat then it can never die for sure.
Exactly, Bitcoin will never be able to officially "decompose" or decay, like fiat money can. The blockchain remains the same at all points, and never loses data as long as someone has the last updated blockchain somewhere in the world. As long as you have the private keys, Bitcoin is never destroyed.

The community life of Bitcoin will probably be much shorter overall, but if Bitcoin takes off globally there's a larger chance everything will be fine.
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June 17, 2016, 11:10:41 PM
 #270

Bitcoin will be fine unless USA, Russia or China bans it. If one or more of those countries ban bitcoin and make it unusable in any way, then bitcoin will die slowly. It won't die in instant, and will live in shadows but in the end it will die. Let's pray it won't happen.

Either if they ban it will still exist. People then to fight if something is taken by them without a good reason.
But the protocol of bitcoin will end probably somewhere in 2060

We really don't know how long is the life of bitcoin, as its really difficult to predict but I think if bitcoin gains the physical form like fiat then it can never die for sure.

The future is here!
Casascius, minting bitcoin in physical form since 2011
https://bitcointalk.org/index.php?topic=41892.0

Cryptography is one of the few things you can truly trust.
MingLee
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June 17, 2016, 11:14:35 PM
 #271

Bitcoin will be fine unless USA, Russia or China bans it. If one or more of those countries ban bitcoin and make it unusable in any way, then bitcoin will die slowly. It won't die in instant, and will live in shadows but in the end it will die. Let's pray it won't happen.

Either if they ban it will still exist. People then to fight if something is taken by them without a good reason.
But the protocol of bitcoin will end probably somewhere in 2060

We really don't know how long is the life of bitcoin, as its really difficult to predict but I think if bitcoin gains the physical form like fiat then it can never die for sure.

The future is here!
Casascius, minting bitcoin in physical form since 2011
https://bitcointalk.org/index.php?topic=41892.0
I've always thought that physical Bitcoins were an interesting concept, but I don't think they're really worth having. That's just my opinion, but it seems like it is simply better to put Bitcoins in some sort of numerical storage device, with a digital output, rather than a number placed on a coin.
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June 20, 2016, 07:06:55 AM
 #272

Maybe forever?! As long as we still and want to use it.  And since everyone find btc including me as more convenient method of paying than cash or other payment method today, it will still be around.  Just like money that exist for a long time now.
maudevang
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June 20, 2016, 07:29:16 AM
 #273

Bitcoins is not here for a long time but for these short time there are allot of users now so that will bring good things for in the future for sure trust me.
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June 20, 2016, 07:33:43 AM
 #274

Bitcoins is not here for a long time but for these short time there are allot of users now so that will bring good things for in the future for sure trust me.

Yeah agree but we can't its remain same, I don't think that it is quite predictable about Bit coin life since it is digital currency working for several years successfully and with the demand its price goes higher and attracts more people to join it every day. Besides under current scenario it seems to be going forever with sustainable strength.
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June 20, 2016, 08:00:22 AM
 #275

It is really hard to predict for what is going to happen in the future with Bitcoin and that is because you have to know that there will be more people that is going to have some Bitcoin.
And you also dont even know what is going to happen with the value of Bitcoin sot hat is another problem.
mandica
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June 21, 2016, 12:17:44 PM
 #276

It is really hard to predict for what is going to happen in the future with Bitcoin and that is because you have to know that there will be more people that is going to have some Bitcoin.
And you also dont even know what is going to happen with the value of Bitcoin sot hat is another problem.

As time goes on, if we promote more about the bitcoin, more people will use the bitcoin, the price will rise in the mean time.
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June 21, 2016, 12:20:47 PM
 #277

It is really hard to predict for what is going to happen in the future with Bitcoin and that is because you have to know that there will be more people that is going to have some Bitcoin.
And you also dont even know what is going to happen with the value of Bitcoin sot hat is another problem.

Dude if we talk about future, it's normal that we don't know what is going to happen not only for Bitcoin but for everything also. But we can predict following the actual stats of Bitcoin, and i think it's having a shining future.
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June 21, 2016, 12:41:30 PM
 #278

It is really hard to predict for what is going to happen in the future with Bitcoin and that is because you have to know that there will be more people that is going to have some Bitcoin.
And you also dont even know what is going to happen with the value of Bitcoin sot hat is another problem.

Dude if we talk about future, it's normal that we don't know what is going to happen not only for Bitcoin but for everything also. But we can predict following the actual stats of Bitcoin, and i think it's having a shining future.
True to imagine and predict events bitcoin appropriate now it can be done. And it could be accurate if properly. I'm sure if bitcoin can grow and can keep pace with the times will surely be able to have a long life. Because the update was to be sure and that development must exist in order not to die.
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June 21, 2016, 02:59:01 PM
 #279

That is something that nobody knows and is almost impossible to predict. I think that when bitcoin is going to die that we are going to notice it before it actually is going to happen but right now I do not notice a thing.

Bitcoin will survive for at least two decades, and it will not die soon, as more people and businesses are entering into it which will take bitcoin to higher level.

At max it can survive a few decades. By then it will become obsolute.
I expect by then we will see a new kind of virtual currency which will take over. Something not mineable.

The only threat to bitcoin is it might get replaced by new and innovative currency in future, but till bitcoin  is doing well I don't think we have to worry about anything.

I think no, many decentralize coin has been made but many of them failed because bitcoin is well establish and very popular to people globally and new alts cannot get the trust easily since many altcoins are died easily or what you called scam thats why those new alts didnt get more support on investors unlike bitcoin we cam easily trust because it is good and surely we can earn if we stake with it.
It is hard to predict for what the value will be and for how long it will be life and that is because Bitcoin is a currency and that is impossible to predict.
But as you can see now you see that the value of Bitcoin is becoming more worth.
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June 21, 2016, 03:05:08 PM
 #280

That is something that nobody knows and is almost impossible to predict. I think that when bitcoin is going to die that we are going to notice it before it actually is going to happen but right now I do not notice a thing.

Bitcoin will survive for at least two decades, and it will not die soon, as more people and businesses are entering into it which will take bitcoin to higher level.

At max it can survive a few decades. By then it will become obsolute.
I expect by then we will see a new kind of virtual currency which will take over. Something not mineable.

The only threat to bitcoin is it might get replaced by new and innovative currency in future, but till bitcoin  is doing well I don't think we have to worry about anything.

I think no, many decentralize coin has been made but many of them failed because bitcoin is well establish and very popular to people globally and new alts cannot get the trust easily since many altcoins are died easily or what you called scam thats why those new alts didnt get more support on investors unlike bitcoin we cam easily trust because it is good and surely we can earn if we stake with it.
It is hard to predict for what the value will be and for how long it will be life and that is because Bitcoin is a currency and that is impossible to predict.
But as you can see now you see that the value of Bitcoin is becoming more worth.

But I have to say there are really some good speculations out there. Helpful to know that so you would be more prepared for the things that can happen.

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