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Author Topic: Will Bitcoin die soon?  (Read 42147 times)
iv4n
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June 24, 2017, 05:45:10 AM
 #321

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
 #322

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
 #323

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
 #324

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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June 24, 2017, 10:58:51 AM
 #325

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.
Well, right now I do not see any sign that bitcoin will die, but I'm sure bitcoin will never die. So many reasons why it can happen, and one of the reasons for the bitcoin always in the search by many people.



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June 24, 2017, 11:17:38 AM
 #326

Bitcoin nowadays is growing rapidly so i cannot tell that this will die soon based on what is its standing at the present.I honestly believe bitcoin will continue to conquer the universe for the coming months and years.

The demand of bitcoin is getting higher every day, now I'm wondering why OP is asking "Will bitcoin die soon?", well obviously bitcoin would not die soon. There is a lot of people buying, investing, earning bitcoin every day, and it just keeps on recycling that is why bitcoin will remain on its feet as long as there will be users and investors of it.

Even though there would be no users or investors of it anymore, bitcoin would not literally die because it is decentralized. It will remain in the crypto world but it will be useless.


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June 24, 2017, 12:12:47 PM
 #327

I think that this will never happen. He will improve and grow.

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June 24, 2017, 05:02:16 PM
 #328

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.
I really can’t say that the bitcoin will remain forever because it is something with a lifecycle and everything has to face and go through the lifecycle process so, for me that the bitcoin will never die don’t seems something right to state but yeah I am sure that it is not gonna die soon it have a lot to play and may be take centuries.

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June 24, 2017, 05:42:51 PM
 #329

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.
I really can’t say that the bitcoin will remain forever because it is something with a lifecycle and everything has to face and go through the lifecycle process so, for me that the bitcoin will never die don’t seems something right to state but yeah I am sure that it is not gonna die soon it have a lot to play and may be take centuries.

It is unlikely that bitcoin will live several centuries in the form that he has now. But I'm sure that bitcoin is only early in its development and it's too early to talk about death. We all extend his life. You just need to use the crypto currency and tell it to your friends

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June 24, 2017, 05:46:56 PM
 #330

Bitcoin won't die anytime soon, at least not in the time span of next few decades.

...and when it'll die, it would be replaced by some revolutionary crypto-currency. That may be Ethereum though.

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June 24, 2017, 05:52:50 PM
 #331

Bitcoin won't die anytime soon, at least not in the time span of next few decades.

...and when it'll die, it would be replaced by some revolutionary crypto-currency. That may be Ethereum though.

Not that Bitcoin will die but lost much of its value if problems always arise and no development being done. I won't be surprised if some of these crypto or a new one replaces Bitcoin at top. Once again Ethereum proves that it is not really the perfect network that can be the ultimate crypto of the mainstream. We will see how the powerful Ethereum upgrades its system.

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June 24, 2017, 06:00:36 PM
 #332

Bitcoin will never die.
As long as it is decentralized the bitcoin will not die, the only constraint it can have is the mining costs
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June 24, 2017, 06:21:23 PM
 #333

Bitcoin won't die anytime soon, at least not in the time span of next few decades.

...and when it'll die, it would be replaced by some revolutionary crypto-currency. That may be Ethereum though.
Lets recheck what you just said,you said bitcoin wont die atleast for a decade and then if it dies it will be replaced by a revolutionary crypto currency and that is Ethereum. Cheesy Hope you know what you are talking about,you think that Ethereum will improve in the future because i do not see it over taking bitcoin without having to redo everything. Tongue
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June 24, 2017, 06:43:49 PM
 #334

While the fees are high and there are blatant issues when it comes to Bitcoin as a whole right now with network congestion, increasing fees, failure to come to a clear conclusion (on the part of the miners this is) I still don't think a Bitcoin is going to die through all of this, theres a ton of money involved in Bitcoin. Be it through trade, mining, gambling, mixing, companies on here, exchanging, etc and so on and so forth. These people aren't going to go down without a fight to trying to save Bitcoin from what some people think will be its fate.

I think we're going to face some sort of hard fork soon to fix what's wrong with the network, only god knows when this'll ACTUALLY happen though.

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NEWGOODOUBLE
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June 24, 2017, 11:22:49 PM
 #335

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.
Of course bitcoin will not die for now. Or decades away. Look at the bitcoin is growing with very good progress. Many of the world's societies are beginning to see bitcoin as new and exciting. Is not it possible when this bitcoin dies?
Phyton76
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June 24, 2017, 11:54:28 PM
 #336

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.
That was really normal i guess because of the increasing and the bitcoin community is becoming more larger and the thing was the demand of bitcoin was also increasing but thats not really a thing and will not be a reason of bitcoin will die.

mornabo
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June 25, 2017, 12:19:48 AM
 #337

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 think bitcoin will one day die, for some reason. And for the moment we do not know the reason what will happen to make the bitcoin die. But it is bound to happen. But for now where bitcoin is growing and developing. Impossible bitcoin will die

Blackdeath
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June 25, 2017, 12:28:56 AM
 #338

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.
It's because the time you send the btc has a highe demand of transaction. You can send it cheaper when the demand of transaction is low. Also, you can use so btc wallet that charges no fee such as coins.ph, however this free transaction should be 0.0002btc otherwise, you'll pay 0.00008 btc of fee.

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mjglqw
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June 25, 2017, 12:34:58 AM
 #339

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 think bitcoin will one day die, for some reason. And for the moment we do not know the reason what will happen to make the bitcoin die. But it is bound to happen. But for now where bitcoin is growing and developing. Impossible bitcoin will die


I mean, you might be right(I hope not). Bitcoin is still very young and lots of bad things can still happen in the future; like probably something like a community split again(again, I hope not). I'm pretty sure bitcoin will not die soon though, I still believe in bitcoin. Maybe in like 20 years or so. Who knows? The cryptocoin that would really achieve mass adoption is that coin everyone has been ignoring since forever.

Oxydarck
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June 25, 2017, 12:38:44 AM
 #340

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.
It's because the time you send the btc has a highe demand of transaction. You can send it cheaper when the demand of transaction is low. Also, you can use so btc wallet that charges no fee such as coins.ph, however this free transaction should be 0.0002btc otherwise, you'll pay 0.00008 btc of fee.
You are right dude it's because the amount of fees puts in his transactions and maybe because the time when he send the btc has a high demand of transaction like you said .

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