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Question: Which scenario do you prefer and predict?
Bitcoin developers will solve these scaling problems and Bitcoin returns to be the cheap and fast payment system it was some years ago - 39 (47%)
Bitcoin users will move all their BTCs to the so-called "altcoins". - 16 (19.3%)
Bitcoin transaction will become less and less because its users will just hold their coins. Thus BTC would become a sort of digital asset, with no actual use as a payment system. - 24 (28.9%)
People will get tired of cryptocoins and move back to the ol' banking system. - 4 (4.8%)
Total Voters: 83

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Author Topic: Bitcoin is gonna die soon!  (Read 8190 times)
danherbias07
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May 14, 2017, 06:38:52 PM
 #81

Another one killed bitcoin in just a flash.  Cheesy
Are those really the reasons why you want it dead or you got a banner for another crypto currencies.
That is a wrong way to do it. Support your altcoin without killing something else. Be a good supporter and you might look more inviting to other investors.
Transaction fees didn't really change that much. We just felt it more because bitcoin price is so high now.
If you want the fees to go lower in USD. You could wait for it to come down until you do your transaction. But I doubt it will come.
That is better news for you. You will hold your bitcoin a little longer.  Grin

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May 14, 2017, 09:55:29 PM
 #82

Best part is you convert your coins to fiat money then price is going high and you have same value as fiat money. Bitcoin is tool for investing and maybe good tool for alternative investments. As an investment, bitcoin is probably one of the most successful schemes in our era. The blockchain is controlled by a small number of mining pool operators - resulting in a system that is arguably more centralized and less equitable than our existing financial system.Just check that unconfirmed transactions on blockchain. Now more than 95000 Shocked  Bitcoin is gonna die soon because of too high fees and too slow transactions. It is becoming a very bad quality payment system, with no relevant pros  cause of high volatility. Governments  and big banks dont(cant) want to control prices and this volatility on prices gonna to kill pros.

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May 14, 2017, 10:02:03 PM
 #83

The situation is going to become unsustainable, even worse, so the developers will need to find a way to fix it to make the transactions faster again and with cheaper fees. I believe no one here wants Bitcoin dead, so something will be done and I think it's near ot happen. All the reputation Bitcoin built along the years can't die because a minor issue like this. What complicates the situation is the splitted community that doesn't agreee for a common solution.

 
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May 14, 2017, 10:25:47 PM
 #84

Bitcoin is already here....it can not die if it already exists  Grin

What? That doesn't make much sense. Cheesy

More and more companies, businesses are adopting bitcoin and more and more people are buying and holding and where is that going to lead bitcoin, I don't know.. but those transaction fees tho, it just hit me. Something should be definitely done about them, if the fees continue to scale with the price, then it's gonna be rather interesting in the next few years.

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

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May 14, 2017, 10:43:41 PM
 #85

Bitcoin has several major crashes. It always returns stronger. Always. The loner you are in crypto the more you will see this is true. Bitcoin will never die. Maybe one day far in the future it may becomes marginalized but it will never die.

Its the reality that bitcoin will never die. Just because it went throug a lot of crashes many are telling that i died. I don't think btc is that weak. We already witnessed on how stable bitcoin is. And we will see it flying high to the moon, these people maybe sold at lower price and now they are very disappointed.



 

 

 

 

 

 


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May 14, 2017, 11:31:40 PM
 #86

Bitcoin is gonna die soon because of too high fees and too slow transactions. It is becoming a very bad quality payment system, with no relevant pros in using it.


Now I see 4 different scenarios that could happen in the next months:

  • Bitcoin developers will solve these scaling problems and Bitcoin returns to be the cheap and fast payment system it was some years ago.
  • Bitcoin users will move all their BTCs to the so-called "altcoins". Most of these altcoins are already far better than BTC, regarding technical specs, confirmation time, privacy, etc. Dash, Monero, DOGE, LTC, etc. all of them are better than Bitcoin.
  • Bitcoin transaction will become less and less because its users will just hold their coins. Thus BTC would become a sort of digital asset, with no actual use as a payment system. (Note that Satoshi thought of Bitcoin mainly as an innovative payment system)
  • People will get tired of cryptocoins and move back to the ol' banking system.


Which one do you prefer and which one do you predict?

i call bullshit, bitcoin has pros other then faster and cheaper transactions. you should look into those. people will continue to use bitcoins regardless of higher mining fees as long as those other pros are there. bitcoin is in no way shape or form about to "die". my poll option was #1 and also was voted #1. i agree with GetClams.com 1) i hope you get clams... 2) bitcoin always gets stronger after each set back anyways so booya! put the energy you are taking up to say "oh bitcoins gonna die...." and use it to learn what is really happening.
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May 15, 2017, 05:44:28 AM
 #87

I believe the scaling issues are going to be solved somehow and Bitcoin will return to its good old days, not the pricing but its efficiency and functionality but as to when it will be I can't tell but I'm positive.
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May 15, 2017, 05:17:06 PM
 #88

Wow what a crappy topic. Yes.bitcoin is going to die so why are you still here ? Stop using your profile here and disappear. Such nonesense you talk. Have you ever used s bank in your life ? Do you know what banking fees are ? Bitcoin is still cheaper and faster then banks. Banks can take easily up to 3 days when transferring from on bank to another bank. So what exactly are you talking a out here ? You don't know what you talking about you just saying silly things.

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May 15, 2017, 05:22:37 PM
 #89

I've read so many articles, threads, and news about BTC being dead and yet, we are still here with price hitting ATH in the past days. Though we have many problems ranging from high transaction fees to thousands of unconfirmed transactions in the mempool, I'm still hoping that the devs will solve these in the future. BTC has strong foundation in its own right. Enough with this doomsday threads.
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May 15, 2017, 05:33:29 PM
 #90

Don't waste your time by writing non-reasonable ideas about bitcoin.  Wink
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May 15, 2017, 05:35:00 PM
 #91

Looking at the present price of bitcoins I don't think that bitcoin is dieng or will die soon as the price of increasing and it will keep on increasing in near future too so its an best investment to make at a moment.


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May 15, 2017, 05:50:55 PM
 #92


Looking at the present price of bitcoins I don't think that bitcoin is dieng or will die soon as the price of increasing and it will keep on increasing in near future too so its an best investment to make at a moment.

of-course the price of bitcoin is increasing very much at this time and i do not think that bitcoin is gonna die soon because its popularity is increasing very much and people are investing lot of money in bitcoin and i think a lot of people are attached with bitcoin in some ways like such as investors, traders and those has has find his jobs in bitcoin forum, so i think bitcoin will not die for long term.
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May 15, 2017, 06:47:26 PM
 #93

Bitcoin is not going to die soon. Fees will increase short term. Then segwit or something helpfull will have to be implemented. Thats all! No fear guys. It will be ok we need to focus on solving problems and not complaining.
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May 15, 2017, 07:58:52 PM
 #94

Bitcoin is not going to die soon. Fees will increase short term. Then segwit or something helpfull will have to be implemented. Thats all! No fear guys. It will be ok we need to focus on solving problems and not complaining.
yeah bitcoin will be never die because bitcoin will be survive forever and we know that a lot of business company adopt the bitcoin and a lot of people also adopt the bitcoin for the future because everyone know that bitcoin will be more rise in the near future and bitcoin advantages will be also increase.
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May 15, 2017, 08:53:36 PM
 #95

Bitcoin is not going to die soon. Fees will increase short term. Then segwit or something helpfull will have to be implemented. Thats all! No fear guys. It will be ok we need to focus on solving problems and not complaining.
yeah bitcoin will be never die because bitcoin will be survive forever and we know that a lot of business company adopt the bitcoin and a lot of people also adopt the bitcoin for the future because everyone know that bitcoin will be more rise in the near future and bitcoin advantages will be also increase.
i agree with you that bitcoin will be never die because bitcoin is very stronger cryptocurrency and you are right that bitcoin will be survive forever and i think there is no one any reason to die bitcoin and i am sure bitcoin will be our regular currency in the future.
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May 15, 2017, 11:05:12 PM
Last edit: May 19, 2017, 04:59:15 AM by Fireblade
 #96

Bitcoin is already here....it can not die if it already exists  Grin

What? That doesn't make much sense. Cheesy

More and more companies, businesses are adopting bitcoin and more and more people are buying and holding and where is that going to lead bitcoin, I don't know.. but those transaction fees tho, it just hit me. Something should be definitely done about them, if the fees continue to scale with the price, then it's gonna be rather interesting in the next few years.
yes bitcoin in now becoming more and more powerful and stronger, because the users of bitcoin are continuously increasing who are investing their money in bitcoin. people are using bitcoin for investment method as investment in  bitcoin in present time is really a very safe and profitable investment. i think those people who have invested money in bitcoin some years before now they are milliner, but still people have the chance to utilize some good profit.
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May 16, 2017, 01:41:59 AM
 #97


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May 16, 2017, 02:09:31 AM
 #98

Bitcoin has several major crashes. It always returns stronger. Always. The loner you are in crypto the more you will see this is true. Bitcoin will never die. Maybe one day far in the future it may becomes marginalized but it will never die.

Bitcoin is very tough and strong and it can never be stopped by simple problems and attacks. There was the bubble in 2013 but it did not stop bitcoin to grow. Another was the problem on the blocksize that threatened bitcoins existence and yet it continue to excel. Several issues on hacking huge exchanges causing them to lose billions of investment but it was not enough to take down bitcoin.
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May 16, 2017, 02:14:12 AM
 #99

Bitcoin has several major crashes. It always returns stronger. Always. The loner you are in crypto the more you will see this is true. Bitcoin will never die. Maybe one day far in the future it may becomes marginalized but it will never die.

Bitcoin is very tough and strong and it can never be stopped by simple problems and attacks. There was the bubble in 2013 but it did not stop bitcoin to grow. Another was the problem on the blocksize that threatened bitcoins existence and yet it continue to excel. Several issues on hacking huge exchanges causing them to lose billions of investment but it was not enough to take down bitcoin.
I think bitcoin can possibly die, because the hackers are making move on their project call OP wannacry ransomeware and last week it happen and the bitcoin price dump very large and this week they are planning to make a new launch which is 2.0 of that project and that ransomeware is no kill switch so expect the dump and the worst is bitcoin will be dead.

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ImHash
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May 16, 2017, 02:42:33 AM
 #100

Technically speaking, we're all dead and solar system already destroyed, we just don't know it yet because time moves with different speeds.
You think Wu will stop ejaculating antminers any time soon?

At least if it dies fees will go back down and spammers drop spamming, maybe we need to kill bitcoin so it can be reborn much stronger than before?
Just like in Batman when they wanted to destroy Gotham to cleanse it Cheesy

Why some of you are too much sensitive when some one says bitcoin going to die?

Marketcap tells me of another story far away from dying bitcoin.
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