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Author Topic: Will Bitcoin die soon?  (Read 41997 times)
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July 11, 2017, 10:51:51 AM
 #421

Because of bitcoin's transaction is slow confirmed by miners and bitcoin's price goes down
doesn't mean bitcoins will be die soon, if bitcoins will be die it will happen couples years ago
but the fact bitcoins is still alive, it is just about time the activation of segwit2x on bitcoin's network
it will be finish on August 1st so don't worry about bitcoin's price.

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July 11, 2017, 10:55:29 AM
 #422

Except for the op as long as bitcoin has supporters like me and thousands others we won't let bitcoin die that easily. In fact bitcoin has just started to be getting the attention it deserves and it's not going to die ever. The more you try to kill it the more powerful and stronger it emerges.
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July 11, 2017, 10:59:53 AM
 #423

Because of bitcoin's transaction is slow confirmed by miners and bitcoin's price goes down
doesn't mean bitcoins will be die soon, if bitcoins will be die it will happen couples years ago
but the fact bitcoins is still alive, it is just about time the activation of segwit2x on bitcoin's network
it will be finish on August 1st so don't worry about bitcoin's price.
Any upgrade may lead to small failures in the beginning, but then when the process is debugged I can only see the benefits of switching to segwit2x. If the transactions will be faster and the price will fall we can expect an increase in supporters of bitcoin and as a result of growth of its price.

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July 11, 2017, 11:00:38 AM
 #424

Bitcoin is becoming nearly religious cult. Community is everything when weather is bad.
In my opinion, bitcoin will never completely die. Price shows nothing. If people love to use btc, it will keep living.

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July 11, 2017, 11:14:07 AM
 #425

Why should bitcoin die? He is just beginning. It was the same when the Internet appeared. About him also said
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July 11, 2017, 11:33:20 AM
 #426

The idea of bitcoin to die soon is far from happening, though this not impossible. Many are now aware about Bitcoin, and most of them are already engaging the market. Normally, this industry is running because of the money rotating around it. More money means many are investing this can cause more opportunity for bitcoin. So, it is impossible as of now that bitcoin to perished.

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July 11, 2017, 12:08:46 PM
 #427

We all know that we don't know so far the best thing to do is support bitcoin if bitcoin help you a lot then you/we should not think about bitcoin dying.
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July 11, 2017, 12:31:05 PM
 #428

No. it is not possible. the growth of the bitcoin is increasing all the time now a days
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July 11, 2017, 12:36:06 PM
 #429

We all know that we don't know so far the best thing to do is support bitcoin if bitcoin help you a lot then you/we should not think about bitcoin dying.
Of course if no one is supporting the bitcoin it will die soon and also the bitcoin miners itself. I think they don't want to let that happen, since this is their only way of getting bitcoins and they are the number reason why bitcoin is still alive. But i don't think bitcoin will die since a lot of people are already using this as their number one source of income and also there are altcoins if bitcoin will gone. No need to worry about this stuff as long as we are supporting for the progress of bitcoin itself.

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July 11, 2017, 12:51:37 PM
 #430

Bitcoin transactions today are often not confirmed quickly. So maybe with the BTU will help. But obviously the bitcoin will not die

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July 11, 2017, 03:25:40 PM
 #431

The issues of unconfirmed transactions and fees have been disscused so many times on so many threads here. If your transactions are unconfirmed try to speed it up through viabtc.com and for the future choose wallet where you can control the fees.
But this is not the reason the Bitcoin will die, this issue can be solved.
What example of wallet can be chosen, downloaded or created that controlling of fees are done by the wallet owner?

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July 11, 2017, 03:28:05 PM
 #432

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.
Then what is your look to the upcoming event on the first of August?

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July 11, 2017, 03:50:49 PM
 #433

I don't think that bitcoin will die.... but it could split as per the outline of the main events that could unify or divide bitcoin (https://www.bloomberg.com/news/articles/2017-07-10/bitcoin-risks-splintering-as-civil-war-enters-critical-month):

Quote
By July 21: SegWit2x software is released and supporters begin using it.

July 21 to July 31: The community monitors how many miners deploy SegWit2x:
        If more than 80 percent deploy it consistently, that should signal community-wide adoption of SegWit and the avoidance of a split, at least for now.
        But if a majority do not deploy, expect anxiety within the community to grow as the focus shifts to the Aug. 1 deadline.

Aug. 1: UASF is deployed by its supporters, who begin checking if bitcoin transactions are compliant with SegWit.
        If a majority of miners still do not deploy SegWit2x or otherwise accept SegWit, and if UASF supporters do not back down, then two versions of bitcoin’s blockchain could come into existence: a UASF-backed one where only SegWit transactions are recognized, and another where all trades -- SegWit and non-SegWit -- are recognized.
        If a split occurs, bitcoin will likely begin existing on both blockchains in parallel, resulting in two versions of the cryptocurrency. Expect traders to quickly re-price the value of both, likely leading to massive volatility.

so based on these, bitcoin won't die but could split and one chain or both might have devalued coins until one chain becomes more superior than the other.... and so, we'll have to wait and see what'll happen next, just hope for the best.
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July 11, 2017, 03:53:52 PM
 #434

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.
Now, when we are dealing with bitcoin appeared too much risk. It is very possible bitcoin will die soon because there are many other currencies to compete with it.

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July 11, 2017, 03:54:33 PM
 #435

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.
It can be yes it is that it can die but not this time sooner but there is no other way to happen that as i can see the bitcoin world will be bigger and bigger as i can thought about it. Hope it will be last longer theres a lot of help i receive here in bitcoin.


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July 11, 2017, 04:07:41 PM
 #436

I do not think that bitcoin is going to die very soon, I believe Bitcoin will last a long time. day by day Bitcoin is becoming a strong and accepted currency across the world, many different online and large organization are accepting Bitcoin as a payment tool, virtual currency is getting popular nowaday so it is not believable that Bitcoin will die soon...



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July 11, 2017, 04:41:14 PM
 #437

You can rest assured that btc will not die soon. Because current money from all over the world is flocking to Bitcoin. Large companies and service systems have adopted btc acceptance policies in transactions. specially, some countries around the world have made official announcements about accepting btc transactions as a new currency trading method. So, it can be said that if btc dies, it will affects the service  system which is not small.


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July 11, 2017, 04:50:51 PM
 #438

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.
I do not think bitcoin will die soon. Let's wait until August 1st, everything will be more stable, bitcoin will not even die but will develop

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BTCbengi
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July 11, 2017, 04:54:49 PM
 #439

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

Why do you think Bitcoin will die soon as its potential for future growth is huge. Investors, the government is gradually accepting the BTC, it is for Bitcoin to become more popular, it will probably grow more in the future.

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July 11, 2017, 09:15:50 PM
 #440

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.
Those that say that their transactions took days to confirm probably sent a very low fee, even with a reasonable low fee your transaction could be confirmed in a matter of hours not days, so I think you probably sent your transaction when the network was very busy and sent a ridiculous fee if you sent a fee at all, next time take that into consideration before sending any transaction.

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