Bitcoin system collapses in the near future

[Juggy777]

As block reward decreases, miners will be dependent on transaction fees to suffice for their electricity costs. By then, if the price of Bitcoin isn't high enough, it will lead to a further reduction as miners abandon their business because of the lack of profit. Thus it could be said that Bitcoin can either do very well or collapse completely in 2140.

Doesn't the Bitcoin system fail in this way or are there any other variables in play that stop such a breakdown?

I don't think the Bitcoin system will ever fail, and 2140 is a very long time to go. I feel instead it shall expand a lot whole more than that, plus the value of Bitcoin shall only go up and up never down. I am 100% sure the miners shall continue to mine their coins and they shall be profitable, no one will give up on a cash making business.

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[bitllionaire]

Why so many dark and pesimistic threads about Bitcoin death, collapse and similar? Bitcoin has issues, yes this is true but this is part of the normal process. Changes are needed and the system and users will have to adapt but that doesn't mean that the whole system will collapse and vanish.

yes that is very right to say, no doubt bitcoin is facing challenges but it have the capabality to solve these challenges,  i am sure that bitcoin is becoming stronger and stronger from time to time and not such threat can effect bitcoin, because bitcoin can deal such kind of threat easily.

[Kemarit]

Why so many dark and pesimistic threads about Bitcoin death, collapse and similar? Bitcoin has issues, yes this is true but this is part of the normal process. Changes are needed and the system and users will have to adapt but that doesn't mean that the whole system will collapse and vanish.

yes that is very right to say, no doubt bitcoin is facing challenges but it have the capabality to solve these challenges,  i am sure that bitcoin is becoming stronger and stronger from time to time and not such threat can effect bitcoin, because bitcoin can deal such kind of threat easily.

I'm getting used to it really. Expect more coming our way specially nearing Aug 1. Just right now threads after threads are being created to create lies and uncertainty. And just like you said, we are facing challenges but this is just another bumps along the way. Its a normal process but others don't have the trust on bitcoin to say the least. Bitcoin has faced so many challenges but it didn't die and withstand everything. The price is one indicator that is it really going strong after all this years.