FLoving
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July 20, 2016, 07:44:15 PM Last edit: July 21, 2016, 07:55:45 AM by FLoving |
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Realistically, Bitcoin will never die. Why? Because all this Bitcoins can't just disappear and always someone will use it, regardless of the current value. Of course, in the future somebody can create better virtual currency or value of Bitcoin can drastically fall but still people will trade with Bitcoin, only in much smaller numbers. I don't think that such worse case scenario will ever happen.
and about more than 75% bitcoins have already mined, the technology will be more advanced in the coming future then it will not need any more miners, and they will manage for some advanced system for mining the remaining bitcoins or the developers will hire people for thay as a company do for their business. if the miners of taday do not want to not mine any more.
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coinsocieties
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July 20, 2016, 07:48:20 PM |
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IMO I think it will die not because of the users, but probably if the miners forfeit mining.
You realize that mining difficulty will adjust downwards if many miners stopped mining, resulting in the remaining miners starting to profit again. Even when there are no more block rewards there will always be mining as long as users keep making transactions with non-zero transaction fees. There are so many people out there that do not understand the reason for the cap fo Bitcoin being at 2.15 million (not sure if that is correct). The cap is there because the developers have already anticipated the lifespan of Bitcoin know by placing a cap on the project, they will ensure the life of Bitcoin for some time to come. I did not know that if miners stop the difficulty will go down? That does not add up to me though. Please explain further on that.
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StoreBit
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July 20, 2016, 09:13:18 PM |
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Currently i don't think that Bitcoin is going to die, because it's having the price rising and also the community using this currency is growing up daily as well, so we expect great future for Bitcoin.
That's right that things is enough for bitcoin to continue growing and not to die. If you ask me, bitcoin will going to die if no one will use it and all miners will shutdown their mining hardware and if that happens for sure it's the end of bitcoin . From some reason and i can make an expectation if bitcoin will not to die on this period and maybe for next time too, but bitocin will not instantly will going to die, if no want will use it. it's will take a time for bitcoin to going die and i think that's will not happen on this period. yes i am also agree with you that bitcoin is not going to die. i think it will remain alive and will continue to give us good opportunities of making money. i am hopeful that in future bitcoin will become more stable.
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shield132
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July 20, 2016, 09:17:03 PM |
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No, bitcoin isn't going to die. It's innovation virtual currency and once people has put money in bitcoin, I think it won't die, it's simply similar this question: When is money going to die.
People are using bitcoin, it's growing, now many services accept this payment system and why will it die, but no one can tell absolutely what will be in the future.
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Wapinter
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July 20, 2016, 09:55:49 PM |
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Time will show how long Bitcoins survive but my guess is not more than 3 years......please challenge that statement with serious arguments.
3 years is very short. If your statement holds true it will be at least 6 years. It took Bitcoin several years to get to the rise. An alt coin would have to experience the same rise with the same amount of time. I doubt bitcoin will die this decade. I dont think bitcoin is going to die in this century.Bitcoin is only going to grow and people who are holding lots of bitcoins should start spending bitcoin for bitcoin to grow rapidly,Bitcoin can only die if it is stopped being spent
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Bitcotalk
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July 20, 2016, 10:33:46 PM |
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Time will show how long Bitcoins survive but my guess is not more than 3 years......please challenge that statement with serious arguments.
3 years is very short. If your statement holds true it will be at least 6 years. It took Bitcoin several years to get to the rise. An alt coin would have to experience the same rise with the same amount of time. I doubt bitcoin will die this decade. I dont think bitcoin is going to die in this century.Bitcoin is only going to grow and people who are holding lots of bitcoins should start spending bitcoin for bitcoin to grow rapidly,Bitcoin can only die if it is stopped being spent Yeah, there is no any thread to bitcoin in this century as a lot of people are going to benefit from this currency and all of them who are getting benefit from this currency will support this currency to become an established currency.
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marcuslong
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July 20, 2016, 10:39:40 PM |
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Bitcoin is not going to die anymore, if without big trafedy will happen like world war. Because i think the main goal of bitcoin will become currency and if that will happen the price of this coin will be stable. So i think bitcoin is not going to die. And the only reason bitcoin will die is only world war that effect too much in many people. Because in world war many people didnt think for money. People live for their own.
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Doamader
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July 20, 2016, 10:47:34 PM |
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Bitcoin has faced already big problems when it showed off, nowadays some media keep trying to kill ir or hidden it from people but without sucess till the moment. So i believe bitcoin wont die never and will become another payment processor as currencie on the medium time, maybe on the next 15 years bitcoin will achieve those.
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Raja_MBZ
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July 20, 2016, 11:17:43 PM |
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Not anytime in at least our lifetime. See, bitcoin has the potential to beat gold and become a great asset of the world. Bank, savings, wallet, security, freedom, all in one bitcoin wallet.
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Vikingr
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July 20, 2016, 11:59:07 PM |
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Currently i don't think that Bitcoin is going to die, because it's having the price rising and also the community using this currency is growing up daily as well, so we expect great future for Bitcoin.
That's right that things is enough for bitcoin to continue growing and not to die. If you ask me, bitcoin will going to die if no one will use it and all miners will shutdown their mining hardware and if that happens for sure it's the end of bitcoin . From some reason and i can make an expectation if bitcoin will not to die on this period and maybe for next time too, but bitocin will not instantly will going to die, if no want will use it. it's will take a time for bitcoin to going die and i think that's will not happen on this period. No one will leave to work with bitcoin and so with that bitcoin will not die, people are joining the community of bitcoin because they need money and bitcoin is helping them in that case and will never disappoint its users so people will also not leave it and will continue with it from generation to generation.
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Digitalbitcoin
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July 21, 2016, 12:58:45 AM |
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I think personally Bitcoin will never die.
First reason its backed by blockchain.
Blockchain : The blockchain is actually a way to structure data, and the foundation of cryptocurrencies like Bitcoin. This coding breakthrough—which consists of concatenated blocks of transactions—allows competitors to share a digital ledger across a network of computers without need for a central authority. No single party has the power to tamper with the records: the math keeps everyone honest. Forty of the world’s top financial firms are experimenting with the tech.
Second -
Bitcoin is peer to peer currency. So as network will increase value of currency will also rise as per demand and supply formula.
Third -
Bitcoins is now a unit value in cryptocurrency market in major cryptocurrency trading platform all currency values are evaluated by comparing to Bitcoins.
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shinratensei_
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July 21, 2016, 02:22:17 AM |
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Currently i don't think that Bitcoin is going to die, because it's having the price rising and also the community using this currency is growing up daily as well, so we expect great future for Bitcoin.
That's right that things is enough for bitcoin to continue growing and not to die. If you ask me, bitcoin will going to die if no one will use it and all miners will shutdown their mining hardware and if that happens for sure it's the end of bitcoin . From some reason and i can make an expectation if bitcoin will not to die on this period and maybe for next time too, but bitocin will not instantly will going to die, if no want will use it. it's will take a time for bitcoin to going die and i think that's will not happen on this period. No one will leave to work with bitcoin and so with that bitcoin will not die, people are joining the community of bitcoin because they need money and bitcoin is helping them in that case and will never disappoint its users so people will also not leave it and will continue with it from generation to generation. It's will become any important factor to keep ourselves believing about bitcoin will never die, because in this time more and more people is interested in joining into bitcoin because bitcoin can help them to go out from their financial problem.
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dunfida
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July 21, 2016, 02:27:53 AM |
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Everything in this world have ending or shall we say has its duration. in my own opinion bitcoin is not going to die if ever it would die but it takes too many years i guess, maybe in our lifetime or even in many decades. Bitcoin spreaded allready and have already reached high market cap and everyday in became more popular.
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Strongkored
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July 21, 2016, 02:38:10 AM |
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Everything in this world have ending or shall we say has its duration. in my own opinion bitcoin is not going to die if ever it would die but it takes too many years i guess, maybe in our lifetime or even in many decades. Bitcoin spreaded allready and have already reached high market cap and everyday in became more popular.
Yeah I agree with you, everything in this life nothing is eternal. Neither the bitcoin, which may have had the time or duration. hehe But that does not worry me, because if bitcoin will end I think there will be signs of its own and with these signs I will turn to other currencies And look at opportunities that can be done now with bitcoin,I think bitcoin it's safe to 10 years to come.
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Murtiya
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August 05, 2016, 08:33:33 AM |
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Everything in this world have ending or shall we say has its duration. in my own opinion bitcoin is not going to die if ever it would die but it takes too many years i guess, maybe in our lifetime or even in many decades. Bitcoin spreaded allready and have already reached high market cap and everyday in became more popular.
Yeah I agree with you, everything in this life nothing is eternal. Neither the bitcoin, which may have had the time or duration. hehe But that does not worry me, because if bitcoin will end I think there will be signs of its own and with these signs I will turn to other currencies And look at opportunities that can be done now with bitcoin,I think bitcoin it's safe to 10 years to come. The safety of the bitcoin depends on the users of the bitcoin. For example, the Bitfinex did not protect its user properly.
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Jimbola3
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August 05, 2016, 08:42:59 AM |
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Everything in this world have ending or shall we say has its duration. in my own opinion bitcoin is not going to die if ever it would die but it takes too many years i guess, maybe in our lifetime or even in many decades. Bitcoin spreaded allready and have already reached high market cap and everyday in became more popular.
Yeah bitcoin wont die until the internet exists in this world. as people are being more digitalized day by day so bitcoin is what people will be wanting more and more in the future so can work more digitally. its more important for the internet world now !
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ASHLIUSZ
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August 05, 2016, 09:06:06 AM |
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Everything in this world have ending or shall we say has its duration. in my own opinion bitcoin is not going to die if ever it would die but it takes too many years i guess, maybe in our lifetime or even in many decades. Bitcoin spreaded allready and have already reached high market cap and everyday in became more popular.
Yeah bitcoin wont die until the internet exists in this world. as people are being more digitalized day by day so bitcoin is what people will be wanting more and more in the future so can work more digitally. its more important for the internet world now ! I suspect there is some value to merchants from an accounting standpoint because every bitcoin transaction is digitized in a way that fiat money can’t be. so there will be no death to bitcoin.
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CryingMidget
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August 05, 2016, 09:20:42 AM |
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Everything in this world have ending or shall we say has its duration. in my own opinion bitcoin is not going to die if ever it would die but it takes too many years i guess, maybe in our lifetime or even in many decades. Bitcoin spreaded allready and have already reached high market cap and everyday in became more popular.
Yeah bitcoin wont die until the internet exists in this world. as people are being more digitalized day by day so bitcoin is what people will be wanting more and more in the future so can work more digitally. its more important for the internet world now ! Yup we can consider bitcoin is dead if the value is 10$ but do u think bitcoin will go down to that value? Nope because many people love bitcoin many people making money because of bitcoin do u think these people want to to die bitcoin? No! Never! Best all guys should hope for the healthy adoption soon.
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shinratensei_
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August 05, 2016, 10:01:21 AM |
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Everything in this world have ending or shall we say has its duration. in my own opinion bitcoin is not going to die if ever it would die but it takes too many years i guess, maybe in our lifetime or even in many decades. Bitcoin spreaded allready and have already reached high market cap and everyday in became more popular.
Yeah bitcoin wont die until the internet exists in this world. a But let's correct about this, I sure if the internet is always already existed the bitcoin will won't die but if internet does not exist what is happened with bitcoin, maybe it's can happened if the world war appears.
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BossMacko
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August 05, 2016, 10:14:42 AM |
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It will not happen because Bitcoin is profitable for most people and many are using bitcoin. Bitcoin will die if there is no internet connection but this will not happen because people will always think of a way to provide internet access. Also Bitcoin is the first crypto currency therefore almost all alt coin are based on Bitcoin.
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