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Author Topic: How long could bitcoin last?  (Read 23181 times)
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September 07, 2017, 09:01:34 PM
 #641

I think Bitcoin will last for the next decade and its gonna keep circulating and people will use it, although I think it will be very hard to get in the future ( it is hard to get right now) , on the other hand even if bitcoin keeps staying alive I think factors like government ban and law will make it a little bit harder for people to invest in bitcoin in the near future, that is why I always say that we are not free in this world due to government involvement !

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September 07, 2017, 09:04:18 PM
 #642

If bitcoin (btc) marks the line it should have been forever in existence, and never been down low. I think bitcoin would improve and be still improve in a decade since more and more people are getting use to it. It is better that the people itself would be the "bank" that doing a lot of transactions.
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September 07, 2017, 09:08:37 PM
 #643

As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
Well, the price is going down but not so hard as you say it is. If we compare the price of bitcoins now to how much it was years back, the price is still high and everyone is expecting it to rise more.  For those who benefit good from bitcoin, i think they will never think that it crashing down or will crash down in the future.
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September 07, 2017, 09:26:48 PM
 #644

Bitcoin will last for a longer time period, because with several calculations it's clear that bitcoin last more than 100 years. When this becomes reality the growth will be enormous reaching a bigger price point. No need of any discussion about the long lasting, because even when the mining gets stopped the mined coins keep on circulating to create a value.

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September 07, 2017, 09:52:39 PM
 #645

As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
No one really knows until when will bitcoin last or exist. But based on the overall statistics of Bitcoin as of this moment, there are lots of people that are now interested to it together with big companies and investors which I think, will result for Bitcoin to last for a long period of time. I think it would last for 20 more years and when that day come, Bitcoin is already legal to most of the countries.

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September 08, 2017, 03:51:14 AM
 #646

Price will always depend on its popularity, based on supply and demand not its existence. I do believe that Bitcoin can last long since it’s till gaining popularity, still gaining users and investors. It will likely stay for a while until a new digital currency dethrones. But that’s still a long way down the road. And it will not crash at a random time. If it did, there will be a rational explanation for it. It can be a discrepancy or an outside environs fucking up with it.
Yes. There seems no such sort of thing which can demolish the future of Bitcoins. But you never know what will happen next. Looking at the way how it is gaining popularity amongst investors, it will be unjust to say that Bitcoin holds a dark future. It is just a matter of time that will prove us otherwise.
Well, there is always a risk of bad things happening, like government attacks and internal conflicts involving developers and miners. However, due to its decentralized nature, it is very unlikely that governments will shut down Bitcoin.

Regarding internal conflicts, the worst thing that could happen would be another fork, in which case the market could decide which is the best.
The problem with forks is that it weakens bitcoin, a fork in any other open source project most of the time is a good thing since you get two different visions of a product, and while we get that with the forks, at the same time, that takes hash power away from bitcoin and also creates confusion among people about which coin to back with their support.
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September 09, 2017, 07:54:42 AM
 #647

Price will always depend on its popularity, based on supply and demand not its existence. I do believe that Bitcoin can last long since it’s till gaining popularity, still gaining users and investors. It will likely stay for a while until a new digital currency dethrones. But that’s still a long way down the road. And it will not crash at a random time. If it did, there will be a rational explanation for it. It can be a discrepancy or an outside environs fucking up with it.
Yes. There seems no such sort of thing which can demolish the future of Bitcoins. But you never know what will happen next. Looking at the way how it is gaining popularity amongst investors, it will be unjust to say that Bitcoin holds a dark future. It is just a matter of time that will prove us otherwise.
Well, there is always a risk of bad things happening, like government attacks and internal conflicts involving developers and miners. However, due to its decentralized nature, it is very unlikely that governments will shut down Bitcoin.

Regarding internal conflicts, the worst thing that could happen would be another fork, in which case the market could decide which is the best.
The problem with forks is that it weakens bitcoin, a fork in any other open source project most of the time is a good thing since you get two different visions of a product, and while we get that with the forks, at the same time, that takes hash power away from bitcoin and also creates confusion among people about which coin to back with their support.
Forks not always weaken bitcoins, some time they do help in making bitcoins famous around the globe. Bitcoins are very much famous in the digital world and I think people are not easily going to stop suing bitcoins because they have tasted the huge profits in the company of bitcoins.
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September 09, 2017, 08:17:02 AM
 #648

As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.

nobody knows about how long bitcoin can be trending of digital currency, but i believe bitcoin can be the future of payments.
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September 09, 2017, 03:17:49 PM
 #649

No one knows about the future as anything can happen.Maybe the only thing left in the world in the future will be bitcoin or bitcoin can also vanish in the future.

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September 09, 2017, 03:59:01 PM
 #650

How long Bitcoin can survive depends on the user, as long as there are users then Bitcoin can survive, and judging from the current situation Bitcoin can survive for a very long time, because those interested in Bitcoin continue to grow, so Bitcoin users continue to increase and some countries even already begin to legalize bitcoin
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September 09, 2017, 04:04:03 PM
 #651

We could never foretell the fate of bitcoin in the far future, perhaps we could but that's practically nonsense.
With the emergence of many Altcoins and ICOs out there we could never really predict what could happen but one thing is for sure, bitcoin is the best we have right now.

Even tho some traffic and miners fee isues, BTC is one of the best standing cryptocurrency that is not broken. And that's why people are putting trust on btc. In my opinion even if we have some improvements like Bitcoin cash, at least they can offer us the same amount of Bitcoin cash and same amount of btc which when they want to improve it again we won't have to think that our btc will be lost as long as we have our privete keys we can still access them.
Even windows have an older version.
And the Moore's law can make up to ad infinitum so in 10 or 20 years, the blockchain will improved and we must accept the change.

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September 09, 2017, 04:09:29 PM
 #652

it will live till to quantum computer.
if quantum computer will come that will crack all the keys and passwords.
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September 09, 2017, 04:30:48 PM
 #653

As long as there is internet bitcoin will always live like theres no end.

Not necessarily. Bitcoin may evolve or it may ve replaced by etherium or other cryprocurrencies that haven't been released yet. One thing's for sure, the more people trusting btc, the stronger it will get and with the number of people supporting it right now, i cam say bitcoin will last for a long time

 
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September 10, 2017, 01:25:39 AM
 #654

As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
Yes bitcoin is not going down after 20yrs becuase of continiously to grow the number of user and totally increasing the value maybe the price is going decrease sometimes but bitcoin will never end .
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September 10, 2017, 01:26:21 AM
 #655

Bitcoin will last forever, unless we stop supporting it and I won't stop til  my last days.
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September 10, 2017, 01:56:32 AM
 #656

As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
I agree with you bitcoin will last forever up to a few dozen years, it will not be able to stop working abruptly because the current bitcoin is growing very strongly it may be recognized as a copper Legal money in the future.
Nobody knows how long exactly bitcoin will last, but probably it will survive in a couple of decades. We know that a lot of changes may happens in the crypto world in the coming days that may challenge the popularity of bitcoin, it totally depend on the community if bitcoin could be there choice. Knowing that bitcoin is well-known and very popular investment worldwide, a big possibility that this kind of digital currency will still exist and last for a long time together with some altcoins.
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September 10, 2017, 01:59:51 AM
 #657

As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
I think, no one knows how long will it exactly last. Twenty years is a long period of time, and based on the overall statistics of Bitcoin from the market demand, to its market value, I can say that it is possible for Bitcoin to last for that long. And after 20 years? Maybe Bitcoin is legal to most of the countries as a currency and will be accepted by local retailers of most countries in the future.
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September 10, 2017, 02:00:31 AM
 #658

I'm pretty sure the price of Bitcoin will rise and rise each year with a small crash in the middle of it.
When some bad news brokes, little holders have weak hands, panic sell, and snowball effect! But by panic selling whales will be able to increase their stash of Bitcoin at lower price  Grin. Since Bitcoin is designed to be deflationary then I'm sure.

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BartS
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September 12, 2017, 10:10:36 PM
Last edit: September 17, 2017, 07:04:12 PM by BartS
 #659

Price will always depend on its popularity, based on supply and demand not its existence. I do believe that Bitcoin can last long since it’s till gaining popularity, still gaining users and investors. It will likely stay for a while until a new digital currency dethrones. But that’s still a long way down the road. And it will not crash at a random time. If it did, there will be a rational explanation for it. It can be a discrepancy or an outside environs fucking up with it.
Yes. There seems no such sort of thing which can demolish the future of Bitcoins. But you never know what will happen next. Looking at the way how it is gaining popularity amongst investors, it will be unjust to say that Bitcoin holds a dark future. It is just a matter of time that will prove us otherwise.
Well, there is always a risk of bad things happening, like government attacks and internal conflicts involving developers and miners. However, due to its decentralized nature, it is very unlikely that governments will shut down Bitcoin.

Regarding internal conflicts, the worst thing that could happen would be another fork, in which case the market could decide which is the best.
The problem with forks is that it weakens bitcoin, a fork in any other open source project most of the time is a good thing since you get two different visions of a product, and while we get that with the forks, at the same time, that takes hash power away from bitcoin and also creates confusion among people about which coin to back with their support.
Forks not always weaken bitcoins, some time they do help in making bitcoins famous around the globe. Bitcoins are very much famous in the digital world and I think people are not easily going to stop suing bitcoins because they have tasted the huge profits in the company of bitcoins.
A fork increase the public interest but I think it does it in the wrong way, besides forks like the bitcoin cash fork create a bunch of new coins and then people try to get advantage of this, so a fork creates instability in the market because people are trying to figure out in which chain to keep their coins and in which chain to sell, this is great for speculators but not for adoption.
Astvile
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September 12, 2017, 10:17:24 PM
 #660

No one knows and no one can predits on how long bitcoin will be alive and kicking in the market,though bitcoins dominates todays market this will not last foreverfor sure and new currency will defeat bitcoin

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