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Author Topic: Will Bitcoin die soon?  (Read 42037 times)
rhyso
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June 09, 2017, 05:15:57 PM
 #261

?

I have done a few transfers in the last couple of days and they have taken a minute...

dunno what you guys are experiencing?

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June 09, 2017, 05:17:26 PM
 #262

?

I have done a few transfers in the last couple of days and they have taken a minute...

dunno what you guys are experiencing?

Of course we know what we are experiencing and that is because of the delay of confirmation. In your confirmation, how much you are paying for the fee? The higher fee, the higher priority and attention of miners to your transaction. And majority of us are not willing to pay for higher fees as we knew bitcoin is a cheap way to transact.



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rhyso
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June 09, 2017, 05:44:43 PM
 #263

The fee on all three was 0.00008

which equals about $0.22

Now considering I just sent some money home to my country from another country and it cost $25 plus an extortionate exchange rate...

I would say that is pretty cheap.

I could have sent millions of dollars worth for 22 cents.

You guys are talking chump change as a limitation on BTC... You need to focus on a good job, not BTC transaction fees if you think 20 cents is a restriction.


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June 09, 2017, 07:01:55 PM
 #264

I think Bitcoin will not die because you are not the only ones using Bitcoin in this world ... bitcon slightly slower payment that is only suitable for small payments should be no more likely to die

Yes, It'll not die because it is increasing everyday. Each day, hundreds of people are getting attracted by Bitcoins and adopting it. More people getting interested in Bitcoin means its value increases. So, If the value of something increases, it doesn't die unless if someone is trying to kill it.
Yes you are right bitcoin will not die because the number of users are increased in each day and bitcoin is more popular and more establish than past , also some countries government accept bitcoin then its price is  very increased and investors also increased and I hope bitcoin will be very soon accept by all world government, so I think bitcoin will not die soon.

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June 09, 2017, 10:32:15 PM
 #265

If you use blockchain, your transaction may take more times than previous record. I have got confirmed my unconfirmed transaction after 8 days. I don't think Bitcoin will not die soon.
Lol I also use blockchain and I've also experienced a very long transaction time and it really makes me angry. If this condition continues, then the bitcoin tagline such as the cheap fee and fast transaction will be lost, and bitcoin will lose trust and die


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June 09, 2017, 10:46:53 PM
 #266

If you use blockchain, your transaction may take more times than previous record. I have got confirmed my unconfirmed transaction after 8 days. I don't think Bitcoin will not die soon.
Lol I also use blockchain and I've also experienced a very long transaction time and it really makes me angry. If this condition continues, then the bitcoin tagline such as the cheap fee and fast transaction will be lost, and bitcoin will lose trust and die


I also use blockchain wallet and sometimes I experienced long TIME to confirmed my transaction. Even the fee is high I experienced what other people experienced too. But sometimes my transaction is it taked time few hous before fully confirmed. I think the transaction is depends on how much the fee and its depends on the priority if your priority is high or low it depends I think.

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June 09, 2017, 10:53:17 PM
 #267

If you use blockchain, your transaction may take more times than previous record. I have got confirmed my unconfirmed transaction after 8 days. I don't think Bitcoin will not die soon.
Lol I also use blockchain and I've also experienced a very long transaction time and it really makes me angry. If this condition continues, then the bitcoin tagline such as the cheap fee and fast transaction will be lost, and bitcoin will lose trust and die


Sometimes it happens when there is a large crowd on the blockchain transactions and at that time if you will pay high fees then your transaction will be completed sooner. There are also some sites which provide the service to accelerate your transaction of bitcoin like viaBTC.

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June 10, 2017, 03:53:38 AM
 #268

Bitcoin will die sooner or later, but it's still too early to talk about it. He has good prospects for development, just need to perfect the transaction system.
I feel that Bitcoin will die one day as well. The price may get to a point where nobody wants it any more or the whole Bitcoin thing fails and there would be another currency that will try to replace it with the similar type of set up that Bitcoin has.

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June 10, 2017, 04:04:18 AM
 #269

Bitcoin will die sooner or later, but it's still too early to talk about it. He has good prospects for development, just need to perfect the transaction system.
I feel that Bitcoin will die one day as well. The price may get to a point where nobody wants it any more or the whole Bitcoin thing fails and there would be another currency that will try to replace it with the similar type of set up that Bitcoin has.

I don't think that bitcoin will die some day, because the cryptocurrency era has begun. More and more users as well governments are in plans of implementing of bitcoin platform based financial ecosystem. Bitcoin will live forever as a currency or as a technology, because more firms have started implementing blockchain technology based applications for effective functioning.



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June 10, 2017, 04:16:23 AM
 #270

The possibility of bitcoin will die of course exists but I am sure not for next few years, and as long as bitcoin remains a priority as a digital currency and still used for transactions such as trading, investment and other transactions I think bitcoin still exists and is still strong, and strength of bitcoin is currently supported by an increasing number of investors investing in bitcoin as well as increasing bitcoin users in various countries.

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chineseprancing
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June 10, 2017, 04:21:23 AM
 #271

That's impossible, bitcoin was not die sooner or later, bitcoin were continues​ increasing their price in the market. However, no one says what happen in the future. But I was expecting that in the future their amount was reach $5000.

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June 10, 2017, 06:32:52 AM
 #272

It seems the bitcoin can last up to 10 years into the future, but I'm not sure it could survive more than 10 years, this is because every 10 years there is a new trend and the old left, the same as Paypal which is now starting to be abandoned.

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June 10, 2017, 06:53:16 AM
 #273

?

I have done a few transfers in the last couple of days and they have taken a minute...

dunno what you guys are experiencing?
I am pretty sure that the people complaining about the transaction fees are trying to spend Bitcoin every day or they are using multiple transactions. Bitcoin is not really designed for that from what I know. I am pretty sure that if they are willing to wait for the transaction to receive a confirmation then they would only have to pay a small transaction fee for it.

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Insanerman
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June 10, 2017, 07:00:31 AM
 #274

It seems the bitcoin can last up to 10 years into the future, but I'm not sure it could survive more than 10 years, this is because every 10 years there is a new trend and the old left, the same as Paypal which is now starting to be abandoned.
I think more than 20 years or more. Bitcoin is here to stay for another century in my opinion. Though there are also promising altcoins, but they can go  side by side with bitcoin. Bitcoin is not yet fully utilized and not becoming mainstream.

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June 10, 2017, 07:06:04 AM
 #275

I do not think so, Bitcoin community is growing so rapidly so that everyone is going to know about Bitcoin, it will not die or disappear in a short time

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June 10, 2017, 07:23:15 AM
 #276

Not today, not tomorrow, Bitcoin is really difficult to be replaced now so that, the day when Bitcoin dies is not coming so soon

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June 10, 2017, 07:26:33 AM
 #277

Bitcoin will never die despite all the troubles being encounter recently I.e slow transaction and confirmation. Some people might had been discouraged with that but I can assure  us that with the introduction of Lightning network system the slow transactions will be thing of the past  more people and countries will  adopt bitcoin.

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June 10, 2017, 07:27:56 AM
 #278

I do not think so, Bitcoin community is growing so rapidly so that everyone is going to know about Bitcoin, it will not die or disappear in a short time

The big question is whether Bitcoin can cope with the rapid increase in the user-base. Already one of the advantages of Bitcoin is gone (micro-transactions). If other advantages are also in danger (such as low fees), then there is a good chance that some other crypto-currency will be able to compete with Bitcoin.

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June 10, 2017, 07:30:17 AM
 #279

I do not think so, Bitcoin community is growing so rapidly so that everyone is going to know about Bitcoin, it will not die or disappear in a short time

The big question is whether Bitcoin can cope with the rapid increase in the user-base. Already one of the advantages of Bitcoin is gone (micro-transactions). If other advantages are also in danger (such as low fees), then there is a good chance that some other crypto-currency will be able to compete with Bitcoin.
The point is, of course Bitcoin can be competed by some altcoins now and they are growing so quickly but Bitcoin is still used by a lot of people so that Bitcoin is not going to die until people prefer using Altcoins than Bitcoin
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June 10, 2017, 02:50:40 PM
 #280

I do not think so, Bitcoin community is growing so rapidly so that everyone is going to know about Bitcoin, it will not die or disappear in a short time

The big question is whether Bitcoin can cope with the rapid increase in the user-base. Already one of the advantages of Bitcoin is gone (micro-transactions). If other advantages are also in danger (such as low fees), then there is a good chance that some other crypto-currency will be able to compete with Bitcoin.
The point is, of course Bitcoin can be competed by some altcoins now and they are growing so quickly but Bitcoin is still used by a lot of people so that Bitcoin is not going to die until people prefer using Altcoins than Bitcoin

Exactly, Unless we all totally abandon Bitcoin for an Altcoin or something it will still remain relevant in our daily lives . Let's not talk about death because it is no where near dying per the current market statistics and trends in the media; I believe it is rather getting stronger by the day.

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