In the long run, bitcoin will be worth $0.

[organofcorti]

Of course something will supplant bitcoin. There will be situations for which we need monetary transactions for which we can't yet plan, since they don't exist. But there'll be need for a replacement crypto currency at some point, I think that's a given. Not any current alt coin, but something that fill a gap that may not exist for a couple of hundred years.

At that point there will be plenty of speculation about the new currency and people will trade btc for it - some going long and some going short.

I fail to see why this is a problem, or why the OP is troll.

[1715006592]

1715006592

[1715006592]

1715006592

[BTC-Market]

There's 4 threads on the Spec forum by NikolaTesla, each one is FUD.

Just a few days ago he made a thread complaining about how people who get out spam the forum with FUD. Now I guess he sold his position at a bad spot.

I guess the more shit-slinging there is in the speculation forum, the more people are desperate to buy back in.

[elvisrene]

how many threads is this guy going to put if you know and speculate so much you must have a lot off money ha?(sarcastic)

[organofcorti]

There's 4 threads on the Spec forum by NikolaTesla, each one is FUD.

Just a few days ago he made a thread complaining about how people who get out spam the forum with FUD. Now I guess he sold his position at a bad spot.

I guess the more shit-slinging there is in the speculation forum, the more people are desperate to buy back in.

Each one except for this one. Saying something is FUD doesn't make it so. I can't see how bitcoin wont be outgrown at some point.

[UltimateReaper]

Tesla I used to to like you.

Bitcoin got here first, it's designed to be uncrackable, and it is very very young. Alternatives are all just knock offs, and as such, I do not believe Bitcoin will die so easily. Unlike the VHS, Bitcoin scales.

Perhaps once the last bitcoin is mined we will have some issues, perhapes sooner, but I think you're wrong on this one. (Edit: I could say the U.S. is going to collapse one day and not be a country anymore and be 100% correct but does that mean everyone in the U.S. should abandoned ship?)

It could be $0 one day, but then again, it could be $10,000

Anyways I expect it to last at least 10 years at minimum, but who knows. Satoshi is still out there right? If he ever creates "Bitcoin 2.0" I'll jump the boat for the founder.

[organofcorti]

I can't believe the number of people who think that something made for today's technology and economic structure will last forever. I'm sure paper money was once thought to be impossible to do without.

[AlexNeto]

In long run we all will die. And $ too.

Most likely bitcoin will reach $ XX,XXX before 0.

[awakening]

In the long run we are all dead. So yes, bitcoin will worth nothing.

[David Rabahy]

http://en.wikipedia.org/wiki/Risk_management
http://www.investopedia.com/articles/pf/07/risk_tolerance.asp

The Bitcoin exchange rate is not zero at the time of this posting.  What are the threats that could push it to zero?  Each individual must assess their own risk tolerance and act accordingly.

Ignorance of or denying threats is not smart.

[w00t]

Ok one more to go to my ignore list

And I thought NikolaTesla was wise guy...

[XXthetimeisnowXX]

fuck dude you posted this in speculation and in newbie forums....where else!>!>!>?? ARE YOU KIDDING ME!!! OK FUCK THIS IM IGNORING YOUR FUD AND ABSOLUTE ANNOYING ASS!!!!!!!!


I like smoothie and proudhon WAY more than your bull shit.


edit: he took it down off the newbie section....cuz its not there and there would be a "moved to such and such location"

[demzie]

Indeed imho: F*** Y**

Bitcoin is TEH future <:

[NamelessOne]

WTF NikolaTesla, a week or so you were going on and on about who everything was looking up up up. Days before that you were going on about how it is going down down down. I can't stand this schizophrenic lunacy. This does amount to little more than FUD if you flip flop so much. 

[chiropteran]

I love these sort of claims, because they can not be tested and proven wrong.

10 years from now, $50,000 per btc, NikolaTesla still right.  Bitcoin will go to $0 in the "long run", it just hasn't been long enough yet!

100 years from now, effective value of $50,000,000,000 per bitcoin (but USD long since dead), NikolaTesla still right.  It just hasn't been long enough yet!

There should be a rule about predictions on this sub-forum.  You either predict something testable that can eventually be proven wrong, or you lose your thread-making privileges.

[demzie]

I love these sort of claims, because they can not be tested and proven wrong.

10 years from now, $50,000 per btc, NikolaTesla still right.  Bitcoin will go to $0 in the "long run", it just hasn't been long enough yet!

100 years from now, effective value of $50,000,000,000 per bitcoin (but USD long since dead), NikolaTesla still right.  It just hasn't been long enough yet!

There should be a rule about predictions on this sub-forum.  You either predict something testable that can eventually be proven wrong, or you lose your thread-making privileges.

Hail Mary

[Peter Lambert]

It is just like bitcoin

"..except it's an offshoot that uses a different method of mining than bitcoin (scrypt) that has it's own advantages and disadvantages."

Seems like a pretty sound explanation to me. Why wouldn't they just be able to say that?

My point is that they cannot talk about it without also talking about bitcoin. The only way some other cryptocurrency will overtake bitcoins is if it brought something new, so you would not have to compare it to bitcoins. Why get a copy when you can just use the original?

[Matthew N. Wright]

My point is that they cannot talk about it without also talking about bitcoin.

True.dat

The only way some other cryptocurrency will overtake bitcoins is if it brought something new, so you would not have to compare it to bitcoins. Why get a copy when you can just use the original?

Why get silver when you can just get gold? Why get a Honda when you can just get a Ford? Why get a double-cheeseburger when you can get just a cheeseburger?

I take it by your generalizations that you either A) don't understand the differences between Bitcoin or Litecoin; or B) you understand them better than I, have come to the conclusion that they don't matter, but refuse to explain why in any sort of detail.

[wachtwoord]

OP is sorta right in the same as saying the dollar will be worthless in the long run as it will be replaced at some point in time....

so yes... but that doesn't make bitcoin worthless now or anytime soon... "soon" is to be defined...

The same goes for gold or anything else that you can think of

[Zedster]

Betamax was a superior technology than VHS but it never took off

This was largely because the porn industry adopted VHS. As with a lot of tech porn will lead the way.  So more BTC porn!

Oh and btw Bitcoin is still in beta actually and a lot can change so keep your pants on there troll master OP.

[Peter Lambert]

The only way some other cryptocurrency will overtake bitcoins is if it brought something new, so you would not have to compare it to bitcoins. Why get a copy when you can just use the original?

Why get silver when you can just get gold? Why get a Honda when you can just get a Ford? Why get a double-cheeseburger when you can get just a cheeseburger?

I take it by your generalizations that you either A) don't understand the differences between Bitcoin or Litecoin; or B) you understand them better than I, have come to the conclusion that they don't matter, but refuse to explain why in any sort of detail.

Gold is like 1500 $/ounce, silver is like 30 $/ounce, so if you want to buy in increments of a couple hundred dollars, then silver might be better for you. Until a satoshi is worth a significant amount there will be no need to make a cryptocurrency with a more granular unit than bitcoins.

If I drive a honda and you go out and buy a ford, it does not make the road any less useful to me. But if we each pick different cryptocurrencies, then they are all less useful because less people will accept them.

A double-cheeseburger adds benefits to the cheeseburger (more meat), and so people want it.

To me, the differences between bitcoin and litecoin seem superficial. They have a different number of total coins, but that just affects the exchange rate, you just divide by a different number when converting a price from USD to BTC/LTC. The blocks come faster, but you need to wait for more blocks to get the same confirmational surety, so you end up waiting just as long anyway. The difference in algorithm is no difference to me, since that is all under the hood so to speak, until one or the other is cracked they are the same to a user.