smarky7cd
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August 20, 2016, 02:17:07 AM |
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I'm not fully sure how to interpret your question, but Bitcoin can disappear in a sense. If a wallet is lost, the Bitcoin is essentially lost. It will no longer be part of the active bitcoin economy as it is impossible to use.
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carlfebz2
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August 20, 2016, 06:03:29 AM |
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I'm not fully sure how to interpret your question, but Bitcoin can disappear in a sense. If a wallet is lost, the Bitcoin is essentially lost. It will no longer be part of the active bitcoin economy as it is impossible to use.
He means bitcoin could possibly disappear in a sense its global he mean all bitcoin ecosystem would be gone. Its okay that you misinterpret the OP question, its better to read in the 1st page and understand fully what does he mean so that you would have an idea on what to post in this thread. Thanks |
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lienfaye
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August 20, 2016, 06:34:57 AM |
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Bitcoin cant suddenly disappear, but bitcoin can be no longer available and the being dumped by the user, this is all depend on the user, how the user going to use bitcoin and how often the user spend the coin
Yes if bitcoin disappear it will take time and not suddenly, but we cant predict what is the future of bitcoin and for now as i can see its impossible to happen. the number of users are still growing and many are accepting it. |
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prtty2gal2
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August 20, 2016, 07:08:19 AM |
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I think so, but it's highly unlikely that it's almost as if it's impossible. It can happen only if all the data in the Internet gets deleted (at least everything that is related to crypto-currencies). After all, bitcoin is just a digital data that exists solely in the Internet. Even if there are physical bitcoins, those coins would have no value at all if the addresses attached to it gets deleted.
Even if the data gets deleted in the internet, there are still multiple data saved and updated every time from various offline storage devices. Simply downloading full history of blockchain data with Bitcoin Core is already a way to get an offline copy of the network. All the full nodes will have this type of copy of blockchain in local hard disk. |
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xdrpx
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August 20, 2016, 07:11:57 AM |
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Bitcoin cant suddenly disappear, but bitcoin can be no longer available and the being dumped by the user, this is all depend on the user, how the user going to use bitcoin and how often the user spend the coin
Loss of bitcoin's can mean that your Bitcoins have disappeared, but not the concept of Bitcoin by itself. Honestly, Bitcoin has grown a lot and for it to become obsolete would not be an easy option. I'm sure it can be replaced by another cyrptocurrency of higher value and may diminish in value by itself, but this may be known to many before hand. Also Bitcoin is an experiment, it working along with Blockchain is a perfectly designed and working system. |
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icecube45
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Activity: 1218
Merit: 1000
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August 20, 2016, 07:28:54 AM |
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Bitcoin cant suddenly disappear, but bitcoin can be no longer available and the being dumped by the user, this is all depend on the user, how the user going to use bitcoin and how often the user spend the coin
Yes if bitcoin disappear it will take time and not suddenly, but we cant predict what is the future of bitcoin and for now as i can see its impossible to happen. the number of users are still growing and many are accepting it. Bitcoin will disappear if there are no users using bitcoin again. It will make bitcoin die and disappear. But this time I think there are many who use bitcoin as you say. Bitcoin can still grow and I do not think it will disappear if progress. |
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SirLancelot
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August 20, 2016, 07:58:33 AM |
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It may not as many are joining this forum every day.. This is the sign of bitcoins growth. Its benefits are enough to draw many inside...
You are right. The fast-growing bitcoin community is the biggest living proof that bitcoin will not disappear anytime in near future. Basically, it would be too impossible for the total community for choosing a wrong thing. Large amount of people cannot do same mistake like adopting bitcoins. Yes, the adoption rate of bitcoin is increasing every day and more number of people are coming into this forum to learn / get familiar with bitcoin ecosystem. As long as new people are adopting bitcoin then there will not be any worry about the concern of this bitcoin will disappear or any other things similar to that. |
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Imoote
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August 20, 2016, 08:36:01 AM |
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It may not as many are joining this forum every day.. This is the sign of bitcoins growth. Its benefits are enough to draw many inside...
You are right. The fast-growing bitcoin community is the biggest living proof that bitcoin will not disappear anytime in near future. Basically, it would be too impossible for the total community for choosing a wrong thing. Large amount of people cannot do same mistake like adopting bitcoins. Yes, the adoption rate of bitcoin is increasing every day and more number of people are coming into this forum to learn / get familiar with bitcoin ecosystem. As long as new people are adopting bitcoin then there will not be any worry about the concern of this bitcoin will disappear or any other things similar to that. True bitcoin adoption continues to increase and its users is also increasing. So that bitcoin will continue to grow and will not disappear. I believe bitcoin will press on to be the best crypto. |
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arwin100
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August 20, 2016, 08:40:51 AM |
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It may not as many are joining this forum every day.. This is the sign of bitcoins growth. Its benefits are enough to draw many inside...
You are right. The fast-growing bitcoin community is the biggest living proof that bitcoin will not disappear anytime in near future. Basically, it would be too impossible for the total community for choosing a wrong thing. Large amount of people cannot do same mistake like adopting bitcoins. Yes, the adoption rate of bitcoin is increasing every day and more number of people are coming into this forum to learn / get familiar with bitcoin ecosystem. As long as new people are adopting bitcoin then there will not be any worry about the concern of this bitcoin will disappear or any other things similar to that. True bitcoin adoption continues to increase and its users is also increasing. So that bitcoin will continue to grow and will not disappear. I believe bitcoin will press on to be the best crypto. It will not disappear surely since bitcoin got more adoption and fame to public nor to the people who didn't know that it ia existing so thats why if this adoption will continue bitcoin would remain as its finest but what if theres something bad happen like war or sudden no internet connection around the globe? Well provably the circulation will stop if the said situition will occur. |
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dmarine
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August 20, 2016, 08:45:51 AM |
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I don't think so, unless some global catastrophe turn down the internet, something unlikely to happen.
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BossMacko
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August 20, 2016, 08:55:37 AM |
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Bitcoin can disappear?
And if bitcoin is a scam, what will happen in world?
People will panic?
Bitcoin can disappear? no, Its been proven for many years now. When Bitcoin started, only few people knew about it but still Bitcoin price grew a lot with those few people. Now Bitcoin are used by many people with the current Bitcoin users the probability of Bitcoin disappearing is low. Because the more people use a product the more the product will last for a long time. |
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NetFreak199
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August 20, 2016, 08:59:02 AM |
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Bitcoin can disappear?
And if bitcoin is a scam, what will happen in world?
People will panic?
If bitcoin will disappear many people will get lost, and the trust of people who support it will gone, actually a chance it will happen is smaller . And hope if it will truly happened other investor will shift to other altcoin currency. |
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JumperX
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August 20, 2016, 09:03:20 AM |
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Bitcoin can disappear?
And if bitcoin is a scam, what will happen in world?
People will panic?
If bitcoin will disappear many people will get lost, and the trust of people who support it will gone, actually a chance it will happen is smaller . And hope if it will truly happened other investor will shift to other altcoin currency. The chances of bitcoin getting disappeared are very rare, in fact it will be used by many more people in future and it will be more powerful as a currency holding higher value in future. |
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MariusAr
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August 20, 2016, 10:13:11 AM |
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It would not be that easy to make such a big thing disappear, but it could happen.
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JessicaSe
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August 20, 2016, 11:30:47 AM |
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It would not be that easy to make such a big thing disappear, but it could happen.
It can happen only if it gets replaced by new and innovative currency in future but I think it will take really long time to happen, unless bitcoin is holding good value, it won't disappear easily. |
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Tasssty
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August 20, 2016, 01:55:09 PM |
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I don't think it's meaningful anymore to discuss what if bitcoin is a scam etc etc... that kind of discussion belongs to 2009-2011 period, Bitcoin is in a way a commodity that increases and decreases on value depending on demand, stocks are too, but they aren't "scam".
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danherbias07
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August 20, 2016, 02:30:36 PM |
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I don't think it's meaningful anymore to discuss what if bitcoin is a scam etc etc... that kind of discussion belongs to 2009-2011 period, Bitcoin is in a way a commodity that increases and decreases on value depending on demand, stocks are too, but they aren't "scam".
True. It does what everyone of us want. The trust, made it clear that we can invest in it without fear that it will disappear jist like that. O have invested some of my money wothout feae because I knoe it will grow. |
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stromma44
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August 20, 2016, 02:35:59 PM |
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I don't think it's meaningful anymore to discuss what if bitcoin is a scam etc etc... that kind of discussion belongs to 2009-2011 period, Bitcoin is in a way a commodity that increases and decreases on value depending on demand, stocks are too, but they aren't "scam".
True. It does what everyone of us want. The trust, made it clear that we can invest in it without fear that it will disappear jist like that. O have invested some of my money wothout feae because I knoe it will grow. If you have invested fiat in bitcoin then its an fair investment, but if you have invested your bitcoin online then its a bit worried situation, as there is no guarantee that they will pay you in long run. |
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Strongkored
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Merit: 1112
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August 20, 2016, 02:45:22 PM |
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I don't think it's meaningful anymore to discuss what if bitcoin is a scam etc etc... that kind of discussion belongs to 2009-2011 period, Bitcoin is in a way a commodity that increases and decreases on value depending on demand, stocks are too, but they aren't "scam".
Yeah, I think bitcoin period in question, expired as you mentioned above. And now the best thing to do is to invest in it, because many people who believe in the presence of bitcoin and already tested several years ago until today. thanks |
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gerXhonza
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August 20, 2016, 02:54:02 PM |
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I don't think it's meaningful anymore to discuss what if bitcoin is a scam etc etc... that kind of discussion belongs to 2009-2011 period, Bitcoin is in a way a commodity that increases and decreases on value depending on demand, stocks are too, but they aren't "scam".
Yeah, I think bitcoin period in question, expired as you mentioned above. And now the best thing to do is to invest in it, because many people who believe in the presence of bitcoin and already tested several years ago until today. thanks Bitcoin holds satisfied users in high numbers especially the early adoptors who invested at right time and now are billionaires, it can also make us rich if we start investing in it as the future of bitcoin is very bright and I don't think it will ever disappear. |
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