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Author Topic: If BTC really survives over the next days...  (Read 5935 times)
krishnapramod
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May 18, 2017, 07:38:08 AM
 #21

What? Is it bitcoin dying again? How many times it was dead already? Bitcoin is like a zombie who always re-borns after death.
If to talk serious, this thread will become paradise for signature spammers. Let's prepare for answers such like "Bitcoin isn't dying because blah blah nlah.
Probably just freaking out because we haven't implemented a bigger blocksize yet and the transaction queue is growing, but it doesn't really make me freak out yet because the market seems relatively comfortable with what's going on, and there's nothing that indicates Bitcoin collapsing yet. I'm still going to truck on as usual and not really worry about anything until more constructive debates are had.

Bitcoin would not be dead anytime soon, but how long would it be able to dominate other altcoins if the current scenario continues for another year or so? There have been many instances of unconfirmed transactions in the past, but yesterday there were around 200622 unconfirmed transaction and that is something to be concerned about.

Market seems relatively stable, but if a scenario like yesterday keeps repeating then obviously bitcoin users would jump to other altcoins. The scaling debate continues, can't blame the miners, increased adoption, increased transactions, increased fee, blocksize still the same.

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May 18, 2017, 07:44:51 AM
 #22

I dont think bitcoin would be dying soon. But these past few weeks always encountered of delayed transactions that took into 1weeks. They should really resolved this issue, because many people are worrying about it. Thus, ww can observe now that bitcoin price is increasing still these days.

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May 18, 2017, 07:49:05 AM
 #23

Another day, another thread on how bitcoin is dying, has died or going to.

I always love to use this website to see how many times bitcoins have died according to "tech writers" , currently at an impressive 129 times too.

https://99bitcoins.com/bitcoinobituaries/

On a serious note, why would you even think that bitcoin is going to die? Because of unfixed differences between devs about activating segwit? Or the recent wanncry attacks putting bitcoin in the limelight.

Always remember that bad publicity spreads faster and reaches more people than good ones. And this time around, we were just being used in the payment process, sounds like good publicity for me

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May 18, 2017, 07:51:10 AM
 #24

I dont think bitcoin would be dying soon. But these past few weeks always encountered of delayed transactions that took into 1weeks. They should really resolved this issue, because many people are worrying about it. Thus, ww can observe now that bitcoin price is increasing still these days.

Delays are not indication of bitcoin dying, It is just the result of how many users are already using it. The developer blockchain needs to  improve their service and increase data so that in serve huge volume of transaction. There are tons of pending transaction today and and it is not advisable to transact ATM.

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May 18, 2017, 08:22:38 AM
 #25

I dont think bitcoin would be dying soon. But these past few weeks always encountered of delayed transactions that took into 1weeks. They should really resolved this issue, because many people are worrying about it. Thus, ww can observe now that bitcoin price is increasing still these days.

Delays are not indication of bitcoin dying, It is just the result of how many users are already using it. The developer blockchain needs to  improve their service and increase data so that in serve huge volume of transaction. There are tons of pending transaction today and and it is not advisable to transact ATM.
I agree with you. The delays are just a sign that bitcoin is growing and getting more attention and also user. If there is no delay, i think it is clear that there is only few people using it but the current situation now is opposite to that and a lot of people are investing and buying bitcoin even the price is currently high and it caused too much delay but the core team will fix it soon.

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May 18, 2017, 08:31:11 AM
 #26

I don't believe that bitcoin will die these following days because many investors already invest in bitcoin and japan was done legalized bitcoin..
So its impossible that bitcoin will be die soon.. like other said its already been discuss before and hundred times mention that bitcoin will be die.. not this time bitcoin is starting to be use as normal payment method like other payment method online and many company are hoping about bitcoin to stay long.
So if you are thinking that bitcoin will be die soon don't expect it. because bitcoin has a longer live than yours..

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May 18, 2017, 08:38:03 AM
 #27

What does bitcoin have to be scared of?

Other coins with blockchains that aren't artificially limited by a corporate takeover attempt to relegate it to a settlement layer?

I suspect that bitcoin losing 50% market dominance is a major event. It's been dropping like a stone.
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May 18, 2017, 08:43:55 AM
 #28

What does bitcoin have to be scared of?

Other coins with blockchains that aren't artificially limited by a corporate takeover attempt to relegate it to a settlement layer?

I suspect that bitcoin losing 50% market dominance is a major event. It's been dropping like a stone.


I think bitcoin no longer dominates the market, some recent surveys have proven that, some other currencies are rising and competing with bitcoin. Unconfirmed transactions are a major cause for discouraging people who may stop using bitcoin at any time.

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May 18, 2017, 09:30:39 AM
 #29

Bitcoin have a large problem in its hands but the ones who have the power to solve it is sitting on the solution just to earn more money. It is bad, it can kill bitcoin, and only time can tell if they will allow it to happen or not. Fees will continue to bloat as more people get into bitcoin and they will get tired of either paying high fees or waiting for confirmation. Either way, the solution is there, but users can implement. Only miners can. So bitcoin's fate is in their hands.














 

 

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May 18, 2017, 09:38:05 AM
 #30

Its already the King Of crypto .

There are more users of btc right now then any Other cypto .

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May 18, 2017, 10:29:21 AM
 #31

The more naysayers talk about bitcoin’s demise, the longer it is going to be around. We have to admit that it is far from being perfect, at its current state, but the solutions to make it better are all there and it is just a matter of working on some compromises for bitcoin to really live up to its high billing. We may sound like a broken record for for saying these things but that is the only way for bitcoin to further improve.


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May 18, 2017, 10:37:55 AM
 #32

Bitcoin is and always will be the king of cryptocurrencies and it does not need any prooving. No other cryptocurrency can get even close to Bitcoin, because itbis the first one. I see guys specaulating every month that it will die, but it doesn't die, its a strong currency and it survived everything, this wont stop it.

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May 18, 2017, 10:43:45 AM
 #33

If something occurs like a hack on an exchange the price may plummet, but I am guessing it will survive .
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May 18, 2017, 10:50:40 AM
 #34

...it will prove it's the king of crypto
No one could put a period on bitcoin on when and how long it would last but knowing on its current development and value its hard to say that it cant survive over next days or years to come on bitcoin.Btc is really the king of all cryptocurrency since its the first created coin and yet still kicking and rising its value which cant hardly be replaced easily by some altcoin in the market.







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May 18, 2017, 11:10:47 AM
 #35

Its already the King Of crypto .

There are more users of btc right now then any Other cypto .



Yep, although Ripple is booming lately trading volume of Bitcoin for the last 24h is still three times higher than that of Ripple and five times higher than that of Ethereum. And any other crypto has even much more lower trading volume. So Bitcoin is not dying yet. )

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May 18, 2017, 11:29:56 AM
 #36

...it will prove it's the king of crypto
No one could put a period on bitcoin on when and how long it would last but knowing on its current development and value its hard to say that it cant survive over next days or years to come on bitcoin.Btc is really the king of all cryptocurrency since its the first created coin and yet still kicking and rising its value which cant hardly be replaced easily by some altcoin in the market.
Bitcoin is old cryptocurrency, so it is booming in digital currency world. And more people are addicted to this just because of this price. No other altcoins will touch this price that is why this become king of cryptocurrency. And BTC takes a long time to introduce all over the world, and still, 80% of people in the world don't know what is BTC. in this situation other coins will take years to replace this BTC.
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May 18, 2017, 11:41:04 AM
 #37

...it will prove it's the king of crypto

Bitcoin is the undisputed king of cryptocurrencies and it` doesn`t need any proof for that.
Why does bitcoin need to "survive over the next days"?
I don`t know about any important events regarding btc.

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May 18, 2017, 11:56:37 AM
 #38

If something occurs like a hack on an exchange the price may plummet, but I am guessing it will survive .

A Korean exchange was hacked a few days back and $7 million worth of coins and cash stolen. There was hardly any impact on the exchange rates. It seems that we are well past that stage. But I am worried about the rise of altcoins (especially Ripple).

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May 18, 2017, 11:58:51 AM
 #39

Bitcoin will always be the best at price , but at market cap don't know some coins might pass it like XRP if it reaches $1 Smiley

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May 18, 2017, 12:32:13 PM
 #40

...it will prove it's the king of crypto
Wait, so it isn't? I mean it's very clear that Bitcoin IS the current King of crypto's, I mean just compare its market cap with other crypto's its around 10 times more. If BTC survives over next days, which it most likely will, I will just continue being the king.
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