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Author Topic: Will Bitcoin die soon?  (Read 42277 times)
Silberman
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July 01, 2017, 04:16:08 AM
 #381

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

Bitcoin will never die.now ask why? Reason people are investing.The ratio of people investment is increasing rapidly so there is no option or new that bitcoin will die soon.it is false news.or consider it is rumors.
As long as people keep using bitcoin then bitcoin is not going to die, even if not a single new person ever used bitcoin we have more than enough people to keep bitcoin alive, obviously the more people the better and bitcoin is getting more people every single day so there is no way for bitcoin to die and with that in mind those that say bitcoin is going to die could not be more wrong.

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July 01, 2017, 04:30:37 AM
 #382

Confirmation is a big and hassle BTC problem. There's traffic you know. Many people are heating up angry with that unfixed problem. They should think of a way to solve that. I hope come August 1, that will become a thing of the past. Well, it won't kill BTC though. BTC is still an infant so to speak. No need to want it dead. Let it grow first.  Wink

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July 01, 2017, 04:40:00 AM
 #383

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.
I don't think that the confirmation problem is a factor to say that Bitcoin is die or it is going to die .
Because here it is not the fault of the Bitcoin network , it is the competition of the transaction with high fee .
The person who will pay high fee will get confirmation his transaction at the first and the person who will
Transfer his Bitcoin with low fee will get confirmation late and late as according to the amount of the fee
That he paid .
Since in the last month the fee was big problem because there were many transaction going and increasing
Cloud of the traffic .
So instead to say it is going to die , you should pay recommended medium amount of fee for the transaction .
If you can't pay high fee then wait after the first week , because block size are going to increase by double .


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Anegg
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July 01, 2017, 04:45:49 AM
 #384

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

Here are some questions you have to ask yourself before you complain here:
1. Did I use a high transaction fee?
2. Is the blockchain getting a lot of traffic right now?

If the answer to Question 1 is no, then consider using a higher transaction fee next time to speed up the transaction time. After Segwit gets activated though the transaction fees should drop so thats an upside.

Just wait a bit longer, the payment should come through.
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July 01, 2017, 05:36:27 AM
 #385

Bitcoin won't die, before this happen an improvement will be chosen to be implemented. The question is if it will have a hard fork or not. I personalyl don't like the idea, I think it's very bad for the Bitcoin unity that was built along the years, but the transaction fees can't continue increasing like now and the delay can't continue. All we can do is to wait and see what happens...
I also think that bitcoin will not die, it is our future, even if it is, something will just replace it with another form of cryptocurrency. Now I'm sure that it will not be dead because the value of it is still increasing day by day. And if it dies what will happen to those who own a lot of it? The investors and their bitcoin investments will be all gone too. They won't let that happen they are business.

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July 01, 2017, 06:13:07 AM
 #386

Bitcoin won't die, before this happen an improvement will be chosen to be implemented. The question is if it will have a hard fork or not. I personalyl don't like the idea, I think it's very bad for the Bitcoin unity that was built along the years, but the transaction fees can't continue increasing like now and the delay can't continue. All we can do is to wait and see what happens...
I also think that bitcoin will not die, it is our future, even if it is, something will just replace it with another form of cryptocurrency. Now I'm sure that it will not be dead because the value of it is still increasing day by day. And if it dies what will happen to those who own a lot of it? The investors and their bitcoin investments will be all gone too. They won't let that happen they are business.
The value and demand for bitcoin is not permanent and most of them are just here because of the hype of news or being fear of missing out (FOMO) but we can see the real value of bitcoin after at least 10 years because, right now, bitcoin is still hard to tell if the things are real or just a hype but after a few years we will see the real image of bitcoin in the market and also from the people.

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July 01, 2017, 06:28:51 AM
 #387

Confirmation is a big and hassle BTC problem. There's traffic you know. Many people are heating up angry with that unfixed problem. They should think of a way to solve that. I hope come August 1, that will become a thing of the past. Well, it won't kill BTC though. BTC is still an infant so to speak. No need to want it dead. Let it grow first.  Wink
I am sure that the transaction fee plus the amount of time it requires for the transaction to get confirmed will not be that much of an issue if the price of Bitcoin gets up to a few hundred thousand dollars. People wouldn’t want to spend their Bitcoins then since it will be too expensive.

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July 01, 2017, 06:47:38 AM
 #388

Indeed it's annoying, i've experienced it but not too often, because i switched to medium fees now. Whether you use low fees on it, usually it happens because it uses low fees.
And I think Bitcoin will never die, some bitcoin accidents are often happening but bitcoin will stay close to a lot of people and keep on growing widely i guess.

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July 01, 2017, 06:52:10 AM
 #389

Bitcoin won't die, before this happen an improvement will be chosen to be implemented. The question is if it will have a hard fork or not. I personalyl don't like the idea, I think it's very bad for the Bitcoin unity that was built along the years, but the transaction fees can't continue increasing like now and the delay can't continue. All we can do is to wait and see what happens...
I also think that bitcoin will not die, it is our future, even if it is, something will just replace it with another form of cryptocurrency. Now I'm sure that it will not be dead because the value of it is still increasing day by day. And if it dies what will happen to those who own a lot of it? The investors and their bitcoin investments will be all gone too. They won't let that happen they are business.
The value and demand for bitcoin is not permanent and most of them are just here because of the hype of news or being fear of missing out (FOMO) but we can see the real value of bitcoin after at least 10 years because, right now, bitcoin is still hard to tell if the things are real or just a hype but after a few years we will see the real image of bitcoin in the market and also from the people.
In my personal view bitcoin now and even after 10 years remain the same with the uncertainty. None can predict the true outcome, one can make a prediction but never assure that it's real growth or a pumping or a bubble. Bitcoin lives long, at least for generations it exists and based on the adoption the years might increase rather than decreasing.

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July 01, 2017, 08:04:53 AM
 #390

Bitcoin won't die, before this happen an improvement will be chosen to be implemented. The question is if it will have a hard fork or not. I personalyl don't like the idea, I think it's very bad for the Bitcoin unity that was built along the years, but the transaction fees can't continue increasing like now and the delay can't continue. All we can do is to wait and see what happens...
I think bitcoin will never die because it is very useful when it comes in business. In addition to that, It’s impossible to die because bitcoin is money like are real money that has a value that you can it different transaction like paying bills and many more and I think some country already accept bitcoin as a money, so that its very impossible that bitcoin will die in the near future.

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July 01, 2017, 08:09:03 AM
 #391

i never think about that, bitcoin will be raise and raise. Bitcoin will always be needed in the world, though bitcoin depleted will still be needed for the history of the development of virtual money in the world.

It never came to my mind that bitcoin will die soon. This crypto is very strong and this is the first crypto coin that has been ever made. The foundation is totally strong and there's a lot of rich people behind this coin so I really don't think and don't have to that it will die, whatever happens it is not going to happen.

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July 07, 2017, 02:35:28 AM
 #392

i never think about that, bitcoin will be raise and raise. Bitcoin will always be needed in the world, though bitcoin depleted will still be needed for the history of the development of virtual money in the world.

It never came to my mind that bitcoin will die soon. This crypto is very strong and this is the first crypto coin that has been ever made. The foundation is totally strong and there's a lot of rich people behind this coin so I really don't think and don't have to that it will die, whatever happens it is not going to happen.
Also people that say they want bitcoin to die most likely want an altcoin to take its place, but if bitcoin were to die then most likely we will see the death of most altcoins too, as most people will try to get out of the market of cryptocurrencies as fast as they could, those that wish for the death of bitcoin are not really seeing the whole picture of what it may happen.

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Hotel_Prodeo
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July 07, 2017, 02:46:27 AM
 #393

The sign of the bitcoin die soon it looks like there has been no stable prices, seen in the range $2500, as long as there are no important issues about bitcoin, I'm sure, that bitcoin can last at least 10 years.


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Vixmore
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July 07, 2017, 04:26:21 AM
 #394

No! Why would it die?

It has sustained itself for quite some time, and its popularity has only been increasing. That is the very foundation of bitcoin itself - its users. Without them, bitcoin would 'die'. But the only way this was to happen is if everyone suddenly deserted it, which I am sure won't happen any time in the near future.

Also, countries are now adopting bitcoin as an official payment method, meaning that its popularity can only rise. It makes sense to use bitcoin in most situations as opposed to a normal currency. The decentralisation that bitcoin offers is also a great advantage that its users enjoy. This is why we can only see its popularity increase in the future.
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July 07, 2017, 04:34:10 AM
 #395

I don't think BTC is gonna die soon. A very young invention, a promising one at that, with a great future ahead, why will it die then?

I mean, why don't we show our all out support to an invention that is breaking the record of easy and anonymous transactions?

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July 07, 2017, 10:39:10 AM
 #396

Bitcoin is quite popular. However, due to unsure security issues, eventually many countries are banning the presence of Bitcoin. There are many factors that make the fate of Bitcoin already end of the horn, one of which is the failure of the world community to address the presence of Bitcoin.
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July 07, 2017, 11:13:00 AM
 #397

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

  This is just nonsense, bitcoin never die and never will. Many people have invested on it and just because the translation took so long won't make bitcoin die. There are many people who are also in the same position as you, the only thing that you can do is wait. The only thing that i can think that bitcoin will die is if the government will block or shut down bitcoin and if the internet will shutdown. No one can access it if it happens, but just simple thing like this won't make bitcoin die. I hope people will know and learn that.
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July 07, 2017, 11:14:00 AM
 #398

The sign of the bitcoin die soon it looks like there has been no stable prices, seen in the range $2500, as long as there are no important issues about bitcoin, I'm sure, that bitcoin can last at least 10 years.
Yes, and longer for sure.
I don't see any reason why it would die. Fluctuation in price has been a characteristic of bitcoin since it was first launched and that's what attracted many investors with the hope of quick profit.
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July 07, 2017, 11:17:41 AM
 #399

I don't think BTC is gonna die soon. A very young invention, a promising one at that, with a great future ahead, why will it die then?

It can die, there's no permanent in this world even the strongest strongholds are even falling because of natural calamities. And comparing it to bitcoin, don't be confident that it's not going to happen. But if we keep on being optimistic chances of dying is low or it can be into zero soon.

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July 07, 2017, 11:26:07 AM
 #400

The sign of the bitcoin die soon it looks like there has been no stable prices, seen in the range $2500, as long as there are no important issues about bitcoin, I'm sure, that bitcoin can last at least 10 years.
Calculate on how long bitcoin has been established. The price of bitcoin now is good at $2,500 but still no idea on how long it is going to take place. But as we go near to the halving and the supply limit is near to 21 million difficulty of mining bitcoin is going to increase. Supply will be lesser and the demand will be increasing, so I don't see it will die.

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