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Author Topic: Will Bitcoin die soon?  (Read 43086 times)
carriebee
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June 22, 2017, 09:10:49 AM
 #301

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.

I encounter for more than 8 days now still unconfirm. These happen for almost months now but still did not resolve the issue. I dont think bitcoin will die because as I observe still many users are into use of bitcoin.

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June 22, 2017, 09:34:23 AM
 #302

No.  Bitcoin is growing and getting more important. Kiss

It's not just bitcoin.  The issue is that the global banking and payments system is fundamentally broken.  Bitcoin is merely one part of general set of financial technologies that will reshape the banking system.

People focus so much on what the price of bitcoin is that they don't look at *how* bitcoin is traded.  Bitcoin is quite interesting because it is the first asset whose trading/exchange infrastructure was created from a clean sheet, and so you have things like 24/7 trading, multiple exchanges, and direct trading with counterparties, that are going to eventually be used to trade everything else.
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June 22, 2017, 10:23:23 AM
 #303

If the current situation persists for too long, then I believe yes... Bitcoin will be damaged, and the small Bitcoin holders will get out of the boat first, not before paying a premium for their transaction fee to fiat, of course.
If you see the other side of bitcoin in benefits and the price I think bitcoin never die. Compare to the past history of price of bitcoin its a good sign that bitcoin has a good future. From hundreds to thousand dollar of price of bitcoin, more people encourage to use this. This time more countries and investor want to invest in bitcoin because it is legit and a good business.
yes and i am sure that bitcoin is not going to die, bitcoin will for ever because bitcoin is the need of the day. the users of bitcoin are increasing continuously which is increasing the popularity of bitcoin.
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June 23, 2017, 06:11:04 AM
 #304

Why can you say that bitcoin will die soon ? If there is no appropriate reason that you can give to us that bitcoin will be dead soon. And i can't hear people complaining about bitcoin even the governments, so why you all keep saying bitcoin is deas ? To bluff people that's not good at all.
Well a lot of people are complainig about how transaction became slow and you need to pay high fees to get it picked up, and that is a big issue maybe not for us normal people but for gambling sites trading sittes and many others each second matters and this problem is getting even worse since more people are starting to use bitcoin even more.
This is an issue but honestly speaking there is schedule for your transactions with the fees, though the people are complaining about the Bitcoin fees getting higher but it is not that much high how much the people are giving or creating hype about the fees. I personally have no problem with the transaction fees.

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June 23, 2017, 06:19:16 PM
 #305

Bitcoin die soon? You make me laugh boy, how can you say that bitcoin is die if you see in the market the quality of this  coin. In addition price of bitcoin was strengthen raised up now.
Yes, this really is something to laugh at and nothing more. The bitcoin no doubt is the most trusted coin of the cryptocurrency. The major transactions of the crypto are dealt in the Bitcoin also the number of the Bitcoin followers is increasing then I don’t know what makes the people say that the bitcoin will die soon.

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June 23, 2017, 08:52:38 PM
 #306

Bitcoin die soon? You make me laugh boy, how can you say that bitcoin is die if you see in the market the quality of this  coin. In addition price of bitcoin was strengthen raised up now.

It's very difficult to say that "bitcoin die soon" because today from day to day bitcoin is getting stronger in the market, and many are chasing, I'm sure the prospect is getting better

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June 23, 2017, 08:57:31 PM
 #307

Why can you say that bitcoin will die soon ? If there is no appropriate reason that you can give to us that bitcoin will be dead soon. And i can't hear people complaining about bitcoin even the governments, so why you all keep saying bitcoin is deas ? To bluff people that's not good at all.
Well a lot of people are complainig about how transaction became slow and you need to pay high fees to get it picked up, and that is a big issue maybe not for us normal people but for gambling sites trading sittes and many others each second matters and this problem is getting even worse since more people are starting to use bitcoin even more.
This is an issue but honestly speaking there is schedule for your transactions with the fees, though the people are complaining about the Bitcoin fees getting higher but it is not that much high how much the people are giving or creating hype about the fees. I personally have no problem with the transaction fees.

You probably don't send small amounts (under $100) though; whereas I could do daily business with the old fees, now I am paying $3 if I want the receiver to get it that day, and am only sending $20. It is a bad thing because it is making it exclusive for larger transactions, and not working for smaller transactions.

A standard, set fee is what we need for Bitcoin.

EDIT: Oh and BTC is not going to die. Not anytime within the next few decades anyway.

My BTC TipJar: 191961w71GqLEg7ideLsoFk7g9BioAgSL
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June 23, 2017, 09:23:32 PM
 #308

Bitcoin die soon? You make me laugh boy, how can you say that bitcoin is die if you see in the market the quality of this  coin. In addition price of bitcoin was strengthen raised up now.
the price of bitcoin itself keep growing due its getting rare and rare ,
but also the transaction fee following to grow ,
people around expect to see the tx fee remain he same just like few years ago ,
and it's a little bit affected to the bitcoin popularity , bitcoin could die slowly if this problem bother a lot of people.

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Kotone
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June 23, 2017, 09:35:33 PM
 #309

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.
Yeah thats it , bitcoin will surely never dies as long as it has many peole in its back. Many people are now putting trust on it and they believes that bitcoin is a good investment for a long term run well thats true. As long as the bitcoin circulates itself as long as it has a many investors and many people will use it , it will never be die.


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June 23, 2017, 09:42:11 PM
 #310

Bitcoin die soon? You make me laugh boy, how can you say that bitcoin is die if you see in the market the quality of this  coin. In addition price of bitcoin was strengthen raised up now.

It's very difficult to say that "bitcoin die soon" because today from day to day bitcoin is getting stronger in the market, and many are chasing, I'm sure the prospect is getting better

I think it is not all about the market that makes bitcoin stronger from day to day. If you think of it, if the users and investors stop using bitcoin, it's price will dump. The users are also getting stronger to hold their bitcoin for a hope of getting good profit like the old investors, they are hoping for a pump after the month of August, which I think might cause a dump before it.

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June 23, 2017, 10:42:59 PM
 #311

With the current situation of bitcoin, I really can't see the possibility the chance that bitcoin will die soon. I always keep on reading articles and udpates about bitcoin. And instead of reading bad news and anything that can discourage me with bitcoin, there's none. Most of the news are good and speculates the 5 digit possibility value of bitcoin.
I think bitcoin cannot die now because the situation is going in favor of bitcoin it is going towards top and many people are getting aware of bitcoin. Now countries will legalizing bitcoin too so I think bitcoin will never ends it will make a digital world.


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........... BY SPORTS
..............CASTRTM





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June 23, 2017, 11:33:03 PM
 #312

Bitcoin won't die, Bitcoin won't die soon.

Yes slow confirmation IS a problem. But Bitcoin is a wonderful thing we should not let disappear.
i agree with you that bitcoin will be never and yeah bitcoin confirmation is slow nowadays but i hope bitcoin confirmation problem will solve sooner and we know that bitcoin is now in development stage.

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June 23, 2017, 11:33:14 PM
 #313

Mining fees will really kill bitcoin network and bitcoin users,that such high fees are not considerable right now and transactions are too slow to consider that bitcoin network raises the fees for faster transaction,how ironic


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June 24, 2017, 03:17:43 AM
 #314

Bitcoin won't die, Bitcoin won't die soon.

Yes slow confirmation IS a problem. But Bitcoin is a wonderful thing we should not let disappear.
i agree with you that bitcoin will be never and yeah bitcoin confirmation is slow nowadays but i hope bitcoin confirmation problem will solve sooner and we know that bitcoin is now in development stage.
I myself am confused who will solve the problem in bitcoin like confirmation time, and other problems that are in bitcoin? While the bitcoin itself is decentralized? I do not really understand that. But I agree with that. That bitcoin will not die anytime soon

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bitcore.
...The Future Is Now...
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June 24, 2017, 05:22:48 AM
 #315

Bitcoin won't die, Bitcoin won't die soon.

Yes slow confirmation IS a problem. But Bitcoin is a wonderful thing we should not let disappear.
i agree with you that bitcoin will be never and yeah bitcoin confirmation is slow nowadays but i hope bitcoin confirmation problem will solve sooner and we know that bitcoin is now in development stage.
I myself am confused who will solve the problem in bitcoin like confirmation time, and other problems that are in bitcoin? While the bitcoin itself is decentralized? I do not really understand that. But I agree with that. That bitcoin will not die anytime soon


You need to learn more about segwit and malleabillity. Developers are also not silent facing this. The idea that bitcoin will die is just an empty argument, as they also continue to make transactions and believe in bitcoins, this trust will be a positive feedback for developers and miners. All comes from bitcoin users.


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June 24, 2017, 05:28:03 AM
 #316

Mining fees will really kill bitcoin network and bitcoin users,that such high fees are not considerable right now and transactions are too slow to consider that bitcoin network raises the fees for faster transaction,how ironic

We can't do anything about it, the price of bitcoin now is not a joke so the people using it is sky rocketing. It is obvious that there are limitations in the blockchain, and with a lot of bitcoins to transact, bitcoin will be really slow. In the matter of fees, I think it is fair because of the price of bitcoin, we just need to make a good amount of bitcoin to transfer.

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June 24, 2017, 05:45:10 AM
 #317

OP is waiting one day for confirmation and because of that didn't happen he ask very logical question, will bitcoin die soon? He didn't come up with any better idea, some better reason, only argument is that he is waiting one whole day. This is happening for some time already, fees are very high I waited more then 3 days for transactions to confirm couple times, nothing new and nothing special about it. We can just hope that activation of segwit on 1 august will make that a little better then it is now, just month and a week stayed until that, its not far.


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June 24, 2017, 07:07:09 AM
 #318

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.

how much was your fee ?
i did withdrawal from polo to blockchain and it ws within 1-2 minutes i guess., but i did pay fixed transaction fees at polo , it was 0.0001 btc

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June 24, 2017, 07:08:29 AM
 #319

bitcoin is nt going to die soon., or anytime soon., but indeed the fees are increasing and in some cases the time to confirm the trsanaction., but btc is here to stay.

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June 24, 2017, 09:04:30 AM
 #320

bitcoin is nt going to die soon., or anytime soon., but indeed the fees are increasing and in some cases the time to confirm the trsanaction., but btc is here to stay.
The fees is a big deal for people like me as a bitcoin user, i choose bitcoin because its fees are very affordable and it transaction speed is faster compare to the things that i used in the past years and if the fees will keep on increasing then i will not use bitcoin anymore and i will just find something better for bitcoin and if the majority or most of the bitcoin user will do the same thing then it will make bitcoin die.

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