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Author Topic: How long could bitcoin last?  (Read 23180 times)
Crapz23 (OP)
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July 09, 2017, 04:21:37 PM
 #1

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.
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dquancey
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July 09, 2017, 04:32:21 PM
 #2

What are you asking? Are you asking if the price of BTC will forever rise?

Nobody knows. Nobody has a crystal ball. It will go up, it will go down. How long each leg will be up or down, nobody knows.

I think a lot like to think that BTC will rise, especially on this forum, let's wait and see.
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July 09, 2017, 04:34:22 PM
 #3

I think Bitcoin will be around for more than 30 to 40 years for sure and it will become extremely popular in coming 2 to 3 years. One can expect tremendous growth from Bitcoin and its price is expected to show a massive growth in 10 years.
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July 09, 2017, 04:36:21 PM
 #4

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.

Are you being sarcastic? How should price be related to existence of Bitcoin?
I seriously believe crypto community should understand nothing lies in price, what actually matter is "UTILITY". instead of growing number of exchanges, I wanna see growing number of Bitcoin merchants. So don't consider price to be the decisive factor of Bitcoin success or failure.
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July 09, 2017, 04:57:09 PM
 #5

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.
The market value of Bitcoin can crash at any time depending on what the investors want to happen. It would require a conscious effort from basically everyone invested in Bitcoin to crash the price, meaning everyone stops buying and people keep selling. That's the only way that they would be able to crash the value, and that's nearly impossible outside of variables influencing everyone to sell instead of hold or buy. As for Bitcoin staying alive for such a long period of time, it is possible if the community wants to stay with Bitcoin for that long, and so far it looks like the community is going to keep supporting Bitcoin.
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July 09, 2017, 05:41:11 PM
 #6

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.
The market value of Bitcoin can crash at any time depending on what the investors want to happen. It would require a conscious effort from basically everyone invested in Bitcoin to crash the price, meaning everyone stops buying and people keep selling. That's the only way that they would be able to crash the value, and that's nearly impossible outside of variables influencing everyone to sell instead of hold or buy. As for Bitcoin staying alive for such a long period of time, it is possible if the community wants to stay with Bitcoin for that long, and so far it looks like the community is going to keep supporting Bitcoin.

True story,
And also if bitcoin keep going like this without any improvement (which is i hope segwit or what ever they called it successfull) can make  bitcoin itself dying,with high transaction and high fees only some people using it as a tool for their transaction.just imagine if we need to wait a hour or two for every transactions ( lets use 100k satoshi for fee [approx 2,6$] ) and we made around 10 transactions or even more how much we will spend it just for fee ? That's why a some of big company still not using it ( even thought many of them think bitcoin is not a real investment.
And for other aspect is bitcoin supporter,investor

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July 09, 2017, 06:52:13 PM
 #7

I think Bitcoin will be around for more than 30 to 40 years for sure and it will become extremely popular in coming 2 to 3 years. One can expect tremendous growth from Bitcoin and its price is expected to show a massive growth in 10 years.

I agree with you fully...
since it has been popular and accepted in recent years so that it can be assumed that Bitcoin will last long. day by day it is getting available at everywhere, many developed countries are considering it to allow as a legal currency, already Japan has declared as legal currency, South Korea also has taken it seriously to allow it... so the future of bitcoin is certain from my point of view...
JL421
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July 09, 2017, 07:01:46 PM
 #8

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.
This topic is made too early bitcoin  has just started to become more famous and you are discussing about it's end. There will surely be a end of bitcoin one day sadly but that would happen mostly in the year 2060 ot maybe 2080. Your job is too currently enjoy it's grow
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July 09, 2017, 10:15:37 PM
 #9

I think Bitcoin will be around for more than 30 to 40 years for sure and it will become extremely popular in coming 2 to 3 years. One can expect tremendous growth from Bitcoin and its price is expected to show a massive growth in 10 years.

I agree with you fully...
since it has been popular and accepted in recent years so that it can be assumed that Bitcoin will last long. day by day it is getting available at everywhere, many developed countries are considering it to allow as a legal currency, already Japan has declared as legal currency, South Korea also has taken it seriously to allow it... so the future of bitcoin is certain from my point of view...
i think it is depending on the interest of the people. bitcoin will remain tell people will have interest in it. and currently the interest of the people is increasing therefore the importance of bitcoin is also continuously increasing, i am hopeful that this trend will continue for a long time.
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July 10, 2017, 01:29:01 AM
 #10

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.
Bitcoin price can rise and fall with great uncertainty. No one can really say for sure if the price would continue to rise or fall. It depends on the supply of Bitcoin and demand for it. Bitcoin is a deflationary currency, because of it halving. Every 4 years ... I think, block reward halves and supply decreases. So a decrease is supply often invokes an increase in price.

Plus with the mainstream media attention Bitcoin should thrive in demand. Thus we have a situation where the price would rise, but if the demand was to fall all of a sudden, then  yes, Bitcoin can become worthless.
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July 10, 2017, 01:40:28 AM
 #11

There are number of factors which will decide the fate of bitcoin. The demand curve, Utility, Security and most importantly sustaining its position in the financial landscape.

 Nobody have mentioned it here, but I want to bring a different perspective to this discussion. What if some new and completely different kind of currency came into existence in future that is more reliable than cryptocurrencies as technology and invention will not end on cryptocurrencies. There is more to come. Thus, I would say nobody can really predict when bitcoin will end.

Anything can unexpectedly surprise us.
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July 10, 2017, 01:50:31 AM
 #12

.
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 knows what's going on in the future so the crash that cause bitcoin can't survive may indeed exist and all speculation is on 1st august. it's better to follow the things that happen in the future.

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July 10, 2017, 02:07:51 AM
 #13

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.
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July 10, 2017, 02:29:00 AM
 #14

.
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 knows what's going on in the future so the crash that cause bitcoin can't survive may indeed exist and all speculation is on 1st august. it's better to follow the things that happen in the future.
Crypto is speculation, and basically all of the crypto still based on the speculation such as there is a lot of the ico that aimed to be the best one that still being a speculation. i will not believe the hardfork will be happening in 1 august.

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July 10, 2017, 04:56:58 AM
 #15

How long Bitcoin can last depends on the users, as long as there are users then Bitcoin could survive, and judging from the current situation Bitcoin could last for a very long time, because the one that attracted to Bitcoin keep on growing, so the Bitcoin user is keep on increasing and some country even already start to legalized bitcoin


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July 10, 2017, 05:13:17 AM
 #16

I think bitcoin will last a long time, as long as there are still many users who trust this coin as a tool for transactions, investing or trading, as long as bitcoin is still in use many people bitcoin will last long, as time goes by definitely bitcoin will be known by many people and even Now there are some countries that legalize bitcoin, for the future I think bitcoin will continue to grow and expand widely
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July 10, 2017, 05:26:59 AM
 #17

As long as there is users of Bitcoin, and as long as Internet connection is available, I think Bitcoin will last for many years and also it will become even more famous and used worldwide. The price will increase surely and that's will encourage so many people to deal with Bitcoin in the future.
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July 10, 2017, 07:17:44 AM
 #18

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.

Until the community is still believing and trusting this good currency it will last long i think 20yrs more and there will come more better soon. So we must enjoy now the possibility of earning bitcoins. This Bitcoin give me a profit that keeps my life moving so no matter what I will trust this until its last trade or value.
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July 10, 2017, 07:21:41 AM
 #19

What are you asking? Are you asking if the price of BTC will forever rise?

Nobody knows. Nobody has a crystal ball. It will go up, it will go down. How long each leg will be up or down, nobody knows.

I think a lot like to think that BTC will rise, especially on this forum, let's wait and see.

100% this. Nobody knows. There are a lot of BTC speakers in conferences that appear to be smart and all knowing but really they dont have any idea what they are talking about. If you ask each and one of them how long it could last, you will get a different answer from each of them. Their answers could also change after some time too as BTC develops.
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July 10, 2017, 07:52:04 AM
 #20

No one can predict how long a bitcoin will last. In my opinion, bitcoin will last for at least 20 years. It will die if there is no change in the future.
I believe if there is a reasonable change bitcoin will last a long time, even in the future it can replace the currency

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