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Author Topic: What about rumors that bitcoin is going to die?  (Read 2634 times)
btc_angela
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June 08, 2017, 10:43:35 AM
 #21

I heard some folks on Quora that bitcoin is going to die but blockchain is the future. What do you guys think of this?


LOL. People have been saying this all over this forum that bitcoin has dead or already died. Bitcoin will not die. Don't believed on everything you say on the Internet. And as far as blockchain is concern, yes they are the future because a lot of industries, banking, pharmaceutical and other sectors are studying bitcoin and how it will help them make the job easier.

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June 08, 2017, 10:46:12 AM
 #22

Disregard that rumor its been around for a long time and we still see Bitcoin price keep rising up. What i think of those rumors, they are used so that people will dump a lot of Bitcoin so that the price will go down then they will take that opportunity to buy and wait for bitcoin to rise and resell them.


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KeyGenKing
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June 08, 2017, 10:46:55 AM
 #23

Yes, bitcoin will die.
Sooner or later, but the blockchain will be alive.


No one know's how it will turn out.
Will price drop down to $200 ? Or will it rise to $100.000?
Time will tell us.

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June 08, 2017, 10:48:21 AM
 #24

This rumors are always present, ever since the Bitcoin has appeared. I remember they were saying this is just an experiment, it will not last, it will fail until tomorrow and similar. And Bitcoin is still here. It can change and transform but it will not die.
The only purpose of these rumors is to spread panic.

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June 08, 2017, 10:49:37 AM
 #25

Yes, bitcoin will die.
Sooner or later, but the blockchain will be alive.


No one know's how it will turn out.
Will price drop down to $200 ? Or will it rise to $100.000?
Time will tell us.

I agree. Any currency can die, but no one can predict this. Just need to use the opportunity to earn while he is alive.

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June 08, 2017, 10:50:52 AM
 #26

Rumors are rumors, and probably this is just one of the strategy for some to take advantage because people would tend to panic sell the bitcoins they currently are holding. But whether the rumors are true or not, I doubt bitcoin will ever die.

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June 08, 2017, 10:55:44 AM
 #27

Bitcoin won't die but can become a highly centralized sub-company of Bitmain and to some people (and me), that's same as dying.

I wish AMD, Nvidia or some other brand starts to produce ASICs as soon as possible. If Bitmain don't have any competitors, they will own >%50 of the hashpower eventually.

Think about it, when you buy an antminer, Bitmain gets your money upfront. Bitmain gets its ROI instantly. Their stocks are always empty. Means, instant ROI.

You wait for a year to have your ROI and your hardware becomes obsolete in 2 years. 3 if you are lucky. All you depend on is, bitcoin's possible price hikes in the future. If you are going to depend on bitcoin's price hikes only, then why wouldn't you just buy them? It is the same thing.

So bitmain takes your money upfront. They buy bitcoins with that money and increases their shares, they build more miners, they set the industry standard with ASICBOOST, they sell you even more, see where i am getting at? Bitmaincoin is incoming.

If there won't be any competing companies any time soon, bitcoin will turn into Bitcoin Unlimited eventually.
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June 08, 2017, 11:00:50 AM
 #28

are you serious. then give me your bitcoin. The reality is this rumor will only make you want to sell your bitcoin which you will live to regret later. The blockchain is great but why sell bitcoin when its still number 1

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June 08, 2017, 11:03:28 AM
 #29

Same predictions has been made on several occasions all over the place and on this forum too but btc is still live and kicking
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June 08, 2017, 11:05:39 AM
 #30

People will just spread rumors regarding that, but Bitcoin will not going to die as long as people will still be using it .
As times goes by ,btc still increases but we never know when will it rise or going down.

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June 08, 2017, 11:07:26 AM
 #31

It's not gonna die in the nearest future, maybe in 5 - 10 years. But there, perhaps will be another currency and everybody will switch to it by that time.
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June 08, 2017, 11:13:02 AM
 #32

I heard some folks on Quora that bitcoin is going to die but blockchain is the future. What do you guys think of this?
Oh, some folks on Quora said that? Then sell sell sell, it is definitely going to die if they say so!
I think that Blockchain is the future, but Bitcoin is the original blockchain, I would be surprised if Blockchains take over the world, but Bitcoin is somehow dead in the water.

It 'could' lose it's number one spot, but if it is worth $10,000 and isn't number one, I think I could live with that.

I absolutely agree. Maybe in the far far future bitcoin will lose it's number one spot to Ethereum, or to another crypto we don't know yet, but bitcoin will never be abandoned completely. With all those problems bitcoin is having recently it would be already abandoned if that was possible.

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June 08, 2017, 11:16:25 AM
 #33

I heard some folks on Quora that bitcoin is going to die but blockchain is the future. What do you guys think of this?
Oh, some folks on Quora said that? Then sell sell sell, it is definitely going to die if they say so!
I think that Blockchain is the future, but Bitcoin is the original blockchain, I would be surprised if Blockchains take over the world, but Bitcoin is somehow dead in the water.

It 'could' lose it's number one spot, but if it is worth $10,000 and isn't number one, I think I could live with that.

Nice call.
People tend to forget that BTC is the legendary coin that first introduced the block chain technology. Of course some alts are better than BTC that's why alts are created but BTC is still reigning in the top I think that because even if they first heard about altcoins they will know BTC too and because BTC is the coin, the myth the legend they will invest on it making its demand much larger.
And 10000$? That price is a dream to me and I'm satisfied if BTC is only third or 25 on the list if it has that price.


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btccashacc
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June 08, 2017, 11:20:17 AM
 #34

I heard some folks on Quora that bitcoin is going to die but blockchain is the future. What do you guys think of this?
I have lost count of the thread which mentioned that bitcoin will be die or even die. I think they are just too jealous or hate bitcoin, however i might agree with them that blockchain is the future we all know that there are some companies which interested on this technology and working on it but if they said that bitcoin would be die well i don't think so. There is no reason, that I can see bitcoin will be die at least in the near future.

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BitcoinHodler
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June 08, 2017, 11:29:04 AM
 #35

I heard some folks on Quora that bitcoin is going to die but blockchain is the future. What do you guys think of this?

what you have heard is what we call FUD. aka Fear Uncertainty and Doubt. when the time is right, you start spreading it and create panic in the market, then the newbies also known as weak hands start panic selling and you buy their coins at a cheaper price!

how much this works depends on who is spreading it and how. and as time goes by more people catch on this weird and stupid technique and the effects will be lower.














 

 

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machinek20
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June 08, 2017, 11:31:55 AM
 #36

It is just a baseless rumor, as you can see by yourself the price is so stable and many people is using bitcoin, as long as there are people using bitcoin, it will never die, and now the price is keep on rising, so it is not true at all

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June 08, 2017, 11:37:28 AM
 #37

Not just in quora, even here in bitcointalk you can read post predicting that bitcoin will die. But you have to act on what you believe about bitcoin and blockchain and not what the noise tells you. There will always be fud posts like that.

Blockchain is the technology behind bitcoin. As long as the technology keeps up with the time and the changes of the future, it will be fine.

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June 08, 2017, 11:42:01 AM
 #38

first of all, what is quora? this is the first time i've heard of it. if bitcoin will die, that could have happened a long time ago. ever since bitcoin was created, many people are always saying that bitcoin will die, it is just a scam and etc but look at where is bitcoin now? how much does it worth?



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June 08, 2017, 11:47:43 AM
 #39

It is just a baseless rumor, as you can see by yourself the price is so stable and many people is using bitcoin, as long as there are people using bitcoin, it will never die, and now the price is keep on rising, so it is not true at all

These are just rumors, but no one can guarantee that bitcoin will live forever. At the moment, there is no cause for concern, it is developing well. Perhaps in about 100 years it will be possible to talk about his death.

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June 08, 2017, 12:17:52 PM
 #40

Rumors are just rumors where most of them are baseless claims. Someone can easily spread rumors just post it numerous times on different forums and websiter and, poof!, we have a latest rumor circling the community. It is still best to neglect rumors without evidence to support the claims and in order to be safer, monitor every news and happenings, that will lead you worry-free.
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