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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 8197 times)
arwin100
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May 23, 2017, 02:31:18 AM
 #161

I think continuous increasing of value is not good in bitcoin because if will increase value in the highest level no one like to buy for it all users even investor only want is do work to earn bitcoin and not to buy then the demand will slow down together with the value of it.

no, you mis understand it, when bitcoin is up, when it increases its value, many people will be happy why? for example when they join a signature campaign here and bitcoin will directly paid to their account when the signature will end, they will earn more now because the bitcoin is up now so that their payment will increase too, bitcoin will never die, it has a strong market value.

Actually im bit worried for campaign thing if bitcoins would go up for more since they've got possibilities to closed their sigs since if they calculate their money spent for that well provably they will be shock and turn cautious for their site fundings. Although we can earn for more on this but the chain reaction will directly hit to those people who finding some sigs since actually theirs no new high payment campaigns has been opened up yet for now.

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May 23, 2017, 02:34:26 AM
 #162

I think continuous increasing of value is not good in bitcoin because if will increase value in the highest level no one like to buy for it all users even investor only want is do work to earn bitcoin and not to buy then the demand will slow down together with the value of it.

no, you mis understand it, when bitcoin is up, when it increases its value, many people will be happy why? for example when they join a signature campaign here and bitcoin will directly paid to their account when the signature will end, they will earn more now because the bitcoin is up now so that their payment will increase too, bitcoin will never die, it has a strong market value.

Actually im bit worried for campaign thing if bitcoins would go up for more since they've got possibilities to closed their sigs since if they calculate their money spent for that well provably they will be shock and turn cautious for their site fundings. Although we can earn for more on this but the chain reaction will directly hit to those people who finding some sigs since actually theirs no new high payment campaigns has been opened up yet for now.

No need to worry signature campaigns are not going anywhere as they also need marketing and promotion for their coins but the possibility is that campaigns will start reducing the pay rates depending on the price of bitcoin and signature campaign will always be one of the source to earn bitcoins.

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Alif Mahardika
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May 23, 2017, 06:19:45 AM
 #163

Bitcoin will not die because people are still hoping and dependent on bitcoin, that's one of which reason why BTC is still alive.
Gaaara
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May 23, 2017, 06:33:23 AM
 #164

None of the above, I have been using bitcoin only for 2 months and guess what, no matter what problems it faced bitcoin continues to grow, there is a probability in what you state but the chances of these things going to happen is too low, it may drop its value but it only means more demand will be its counterpart.



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btcdevil
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May 23, 2017, 06:39:47 AM
 #165

None of the above, I have been using bitcoin only for 2 months and guess what, no matter what problems it faced bitcoin continues to grow, there is a probability in what you state but the chances of these things going to happen is too low, it may drop its value but it only means more demand will be its counterpart.

What you are telling is true but until the transaction delay and transaction fees problem are not solved i dont think that bitcoin will be strong for long time, if the current problem is not solved soon then i think more users will start to shift to other altcoins which are going strong like ETH
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May 24, 2017, 07:20:57 AM
 #166

I think continuous increasing of value is not good in bitcoin because if will increase value in the highest level no one like to buy for it all users even investor only want is do work to earn bitcoin and not to buy then the demand will slow down together with the value of it.

no, you mis understand it, when bitcoin is up, when it increases its value, many people will be happy why? for example when they join a signature campaign here and bitcoin will directly paid to their account when the signature will end, they will earn more now because the bitcoin is up now so that their payment will increase too, bitcoin will never die, it has a strong market value.

Actually im bit worried for campaign thing if bitcoins would go up for more since they've got possibilities to closed their sigs since if they calculate their money spent for that well provably they will be shock and turn cautious for their site fundings

I'm not sure if this is true on the whole

As to me, the recent mighty rally of Bitcoin as well as other cryprocurrencies would actually contribute to more demand for advertising. This is not a rocket science, after all. If some coin rises in price, it pretty much means it becomes more popular (otherwise, its price wouldn't rise in the first place), but if it becomes more popular, it should necessarily attract entrepreneurs and startups that would need advertising. Further, it is obvious that long-term advertisers have long-term reserves of coins, so advertising for them becomes cheaper overall since they can lower payment rates in Bitcoin and other coins (if their rates weren't already tied to Bitcoin price)

orpel
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May 24, 2017, 08:33:06 AM
 #167

None of the above, I have been using bitcoin only for 2 months and guess what, no matter what problems it faced bitcoin continues to grow, there is a probability in what you state but the chances of these things going to happen is too low, it may drop its value but it only means more demand will be its counterpart.

I don't think talking here about chances is the right thing to do.
No one knows what will happen tommorow morning.
People tend to forget but the BitCoin was ~1800$ 2+ years ago and then fell ~90%.
Now it's price is soaring again, no one can say what will happen next!

Ucy
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May 24, 2017, 08:49:36 AM
Last edit: May 24, 2017, 09:04:44 AM by Ucy
 #168

"People will get tired of cryptocoins and move back to the ol' banking system"

⬆⬆Better still, people will get tired of the new ways and move back to the old. Really?

The above is very unlikely unless Bitcoin is  deliberately destroyed or those "People" are the few who don't know what Cryptocurrency is all about or those who have no interest in it whatsoever.
Noctis Connor
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May 24, 2017, 11:48:56 AM
 #169

Bitcoin will never die as long as there are engineering who will fixed the bugs or any exploit that will happen on bitcoin there always a way but since bitcoin is presented it almost perfect to me. people will get tired of using this currency maybe if they will keep loosing money from bitcoin currency but bitcoins gonna die? I don't even think so that it will happens.
wnfmzm74
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May 24, 2017, 11:55:50 AM
 #170

Existence is truth, I regard BTC as a financial test products
maybe it will failed ,maybe it's more expensive than gold
m1c0
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May 24, 2017, 12:08:14 PM
 #171

BTC can't die unless you shutdown the internet.
No seriously, its just the beginning of a new era of a world currency, I highly doubt it will "die"
S4pta
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June 18, 2017, 08:49:36 AM
 #172

I think it could happen .... I once read an article that discusses about bitcoin will die ... in fact a bitcoin. .. which they think bitcoin will destroy the role of the dollar in the world and will control the global market in the world ... so from now many countries that do not approve the existence of bitcoin ... thank you

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The_prodigy
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June 18, 2017, 08:55:59 AM
 #173

BTC can't die unless you shutdown the internet.
No seriously, its just the beginning of a new era of a world currency, I highly doubt it will "die"
Yes it cant be die. I have read an article where the most rich man in the world has been believes in bitcoin too. And they already buy some of bitcoin because they believes that bitcoin will be go higher and higher in many years to come and they think that theres no doubt thag bitcoin may reach about million too. I think bitcoin may goes down its value but it will never be die.
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June 18, 2017, 08:56:25 AM
 #174

Currently there is no accurate info about future of bitcoin, and it seems that bitcoin will not die in the near future as bitcoin prices continue to rise, as well as entry of investors from various circles and bitcoin users growing in different countries makes bitcoin stronger As the best digital currency for now.

Based on what is going on, we can make bicoin predictions, and certainly, bitcoin will not die, there are too many advantages for it at the present time. Bitcoin is being accepted by many governments, this makes it the most legitimate penny. In addition, 2mb segwit is being accepted, it will solve many other problems. A beautiful future for bitcoin.


We do can predict the future but not 100% but somehow and I would agree that bitcoin would not die in the near future considering the good news and the developments it had undergo with the acceptance of Japan and next Australia with other countries releasing regulation though they haven't fully acknowledge it yet but I am positive that soon they will.
KnightElite
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June 18, 2017, 09:03:32 AM
 #175

No. That is very impossible that the bitcoin will die. It will never die and many people know it. Because bitcoin now is more popular than before and it also gaining more power. I promise that the bitcoin will not die.
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June 18, 2017, 09:21:02 AM
 #176

All things can happen without us guessing. We just think or thinking about something from what we knowed it, like the bitcoin here. I don't think bitcoin's gonna die, maybe it looks like getting bad since of a lot of things in the know. But I think it's just a temporary happened.

bitbob82
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June 18, 2017, 11:00:13 AM
 #177

No. That is very impossible that the bitcoin will die. It will never die and many people know it. Because bitcoin now is more popular than before and it also gaining more power. I promise that the bitcoin will not die.
yes that is right we can expect that bitcoin remain for ever and will never die. it is now becoming the main currency of life. because bitcon is becoming popular more and more and people and shopkeepers are now accepting bitcoin for shopping people are now using it for payng bells so bitcoin is the future of money.
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June 18, 2017, 11:17:05 AM
 #178

Bitcoin is already here....it can not die if it already exists  Grin
This is not the point of OP, the thing is bitcoin is now having a problem especially in terma of transaction delay and the fees in evert tx you are going to do.
I guess it is obvious that bitcoin really have strong support from the public so it will never die, it may drop but not die at all especially that there are merchants and business in really economy that accept bitcoin to transfer money or pay them.
I guess developers will going to improve it at all. Nothing more can resolve it but the developers alone.
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June 18, 2017, 11:24:32 AM
 #179

Bitcoin is gonna die soon, i've seen a lot of  this phrase way back 2014 when the Bitcoin price was going up, people didn't expect that this coins price will continue to grow, that is when people that was not able to invest early spread rumors that Bitcoin is gonna die. But wait look at it till now, it is still alive and price grows more.
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June 18, 2017, 11:53:02 AM
 #180

Bitcoin is gonna die soon, i've seen a lot of  this phrase way back 2014 when the Bitcoin price was going up, people didn't expect that this coins price will continue to grow, that is when people that was not able to invest early spread rumors that Bitcoin is gonna die. But wait look at it till now, it is still alive and price grows more.
Lets see if the price would go down and see whether the major investors will back out,if they do so then we could see a sub thousand coin which would be funny,if the price falls that much will people ever enter those valuation,i am sure people will and we could see a gradual growth at a slow price,what ever it may be bitcoin wont die.
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