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Author Topic: Will Bitcoin die soon?  (Read 43086 times)
CARrency
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July 24, 2017, 07:56:36 AM
 #661

Bitcoin will not die not just because the transaction takes long. The only way bitcoin can die if no one will be using it but as what I have seen different countries are starting to legalize and implementing bitcoin so it means there are more people using it so I don't see bitcoin dying at all.

Many users are being pissed the way bitcoin is vety slow to be confirmed. With a lot of bitcoin users in the world, there is no way you can ensure a fast transaction because the more the user, the heavier the traffic. So to make sure that the transaction can be confirmed quickly, we just need to add our fees. Also, with these kind of problems, bitcoin is starting to developed and making more individual attracted to bitcoin.

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July 24, 2017, 09:00:30 AM
 #662

How to illuminate it so there is a good solution to prevent the loss of bitcoin ??

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July 24, 2017, 09:41:27 AM
 #663

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

dont panic. there are times that blockchain cant confirm so fast because of so many transaction. try to accelerate your transaction so that it would confirm fast.

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July 24, 2017, 09:52:10 AM
 #664

Bitcoin can never die. because bitcoin is inside the network. And the entire world's network can not be closed together.

Yes bitcoin will never die as this wil continuously grow. These days still there are many investors in bitcoin and it is growing daily. Therefore, bitcoin for me well be more users in the future and still popular as long there will be demand globally.

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July 24, 2017, 11:42:00 AM
 #665

Things like that are common to me .. sending bitcoin with a certain amount .. and pay a large fee. It is not worth their service. Always pending transactions. And it pisses me off. Made me wait for bitcoin delivery to succeed.

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July 24, 2017, 12:19:31 PM
 #666

No never.
It is myth because New rule is going to made for bitcoin from 1 AuG.
bitcoin price will rise after 1 aug.
it can cross 4000 USD.

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July 24, 2017, 12:31:06 PM
 #667

Bitcoin never die, bitcoin will continue to be popular with ever increasing users in the world. More and more people are benefiting the existence of bitcoin.

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July 24, 2017, 12:35:21 PM
 #668

I think there is a problem with you and that does not mean that Bitcoin die , Everyone send and receive money for this bitcoin never die .



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July 24, 2017, 12:57:39 PM
 #669

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 absolutely agree to that and I know that bitcoin will never die. In addition to that, as of now bitcoin is very useful and many people already use the bitcoin and by using it they gain a lot of income and money. I think in the future will become popular and it will also consider as a real money that you can use even in offline store.

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July 24, 2017, 01:07:03 PM
 #670

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 absolutely agree to that and I know that bitcoin will never die. In addition to that, as of now bitcoin is very useful and many people already use the bitcoin and by using it they gain a lot of income and money. I think in the future will become popular and it will also consider as a real money that you can use even in offline store.

I also agree with you. Bitcoin just started to develop. And if large countries now accept it, then bitcoin has a future. The economy of many countries will be improved thanks to bitcoin.

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July 24, 2017, 01:22:45 PM
 #671

I think bitcoin will not die. Many use bitcoin. The largest community of bitcoin spread all over the world. And bitcoin is the most popular coin among other coins. So I do not think maybe bitcoin will end and die.

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July 24, 2017, 01:33:58 PM
 #672

I don't think there is any such sign which indicates that Bitcoin is going to die anywhere in next 10 years.Yes, I can understand the issues of using bitcoins in high transaction backlog period which leads to higher fees and slower transaction confirmation time but let's hope that after 1 Aug 2017, we will be able to do faster transactions at a cheaper price. It is too much early to determine the success of bitcoin.

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July 24, 2017, 01:35:38 PM
 #673

I think bitcoin will not die. Many use bitcoin. The largest community of bitcoin spread all over the world. And bitcoin is the most popular coin among other coins. So I do not think maybe bitcoin will end and die.
I agree with you . Bitcoin will never die because it is using the most advanced blockchain platform in the world, even many banks want to use this technology. Bitcoin is the industrial revolution of cryptocurrency and is the future of the world

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July 24, 2017, 01:45:47 PM
 #674

I think bitcoin will not die. Many use bitcoin. The largest community of bitcoin spread all over the world. And bitcoin is the most popular coin among other coins. So I do not think maybe bitcoin will end and die.
I agree with you . Bitcoin will never die because it is using the most advanced blockchain platform in the world, even many banks want to use this technology. Bitcoin is the industrial revolution of cryptocurrency and is the future of the world
Yes for now on bitcoin are still making it self well-known to every people. This is the time that bitcoin makes strong foundation to built-in in the coming future so that in coming 20-30 years bitcoin will be the next currency of the world. So, now the possibilities that bitcoin will die will never be done until after 30 years because I do believe about bitcoin's ability.

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July 24, 2017, 01:53:08 PM
 #675

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.
Due to lack of regulations, many potential investors are shying away from the cryptocurrency. There exist very few bitcoin holders and bitcoin in circulation as of now but with time bitcoin might replace paper money and plastic money. Thus, only time will reveal the future of bitcoin markets.

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July 24, 2017, 02:34:43 PM
 #676

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.
If send some bitcoin and the transactions was yet confirm in one day, you don't need to worry because if within 48 hours the transaction was unconfirmed the amount value of bitcoin on which you type in it will go back where it belongs whether it is an electrum wallet or what.

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July 24, 2017, 02:37:04 PM
 #677

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.
Due to lack of regulations, many potential investors are shying away from the cryptocurrency. There exist very few bitcoin holders and bitcoin in circulation as of now but with time bitcoin might replace paper money and plastic money. Thus, only time will reveal the future of bitcoin markets.
And you are saying this now where the price of Bitcoin is at it's strongest? Bitcoin as of right now is priced at 2790$ which is 900$ more since the price deep it had last 2 weeks ago. Could you even think of a stock in the NASDAQ who can grow that high frequently in a year?  Of course not they are not as bolatile as Bitcoin or any cryptocurrency can be. Right now the confidence of Bitcojn holders are gaining momentum because of the decision they are having for August 1.

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July 24, 2017, 02:58:26 PM
 #678

The extinction of Bitcoin is possible only if someone has enough money to buy out all 21 million bitcoins) If we take into account that its price will grow after every transaction, that would be hard)
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July 24, 2017, 03:11:23 PM
 #679

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.
Due to lack of regulations, many potential investors are shying away from the cryptocurrency. There exist very few bitcoin holders and bitcoin in circulation as of now but with time bitcoin might replace paper money and plastic money. Thus, only time will reveal the future of bitcoin markets.
yeah its the future who will decide what will happen far behind but being optimistic I would love to see that the existence will continue and more success
will follow as of now its already gathering attention from the main stream and if more people finds out about this big opportunities many will follow and
will be supported by most investors and businessman.

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July 24, 2017, 03:25:29 PM
 #680

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.
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