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Author Topic: How long could bitcoin last?  (Read 23202 times)
just_Alice
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August 06, 2017, 05:09:03 PM
 #381

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.

There should be reasons for the fall. Since bitcoin adoption is on its way and many people are still to come to the world of bitcoin Ithink price can only rise in the future. Of course there will be down times caused by bad events like MtGox crash or something like that, but they will not last long and bitcoin will rise again afterwards.
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August 06, 2017, 05:27:31 PM
 #382

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.

There should be reasons for the fall. Since bitcoin adoption is on its way and many people are still to come to the world of bitcoin Ithink price can only rise in the future. Of course there will be down times caused by bad events like MtGox crash or something like that, but they will not last long and bitcoin will rise again afterwards.

The price of bitcoin is always renewed quickly, even if the news is very bad.
I think that bad news is specially invented by those people who do not want bitcoin to develop and rise in price. But despite this in the next few decades bitcoin will be a very popular currency

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August 06, 2017, 05:28:08 PM
Last edit: August 06, 2017, 06:56:23 PM by yvesp110
 #383

I do not know when bitcoin will end, because now many are still using bitcoin as income for the future, I just hope that bitcoin will last until doomsday.

I also don't believe in this fake news that bitcoin will end to soon because the features of bitcoin gives to people that they earn income from it and this way its community is increasing day by day. So I do not think that bitcoin will end and also more, bitcoin is dependent on us when we leave it bitcoin goes to end but it is never we can not leave it because from bitcoin we earn money, and we will never leave this source of income and so bitcoin could last long .
krisnt80
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August 06, 2017, 05:29:07 PM
 #384

Since Japan had legalized bitcoin it just proff that we are on the right way to be mainstream on the next follow years, i dont believe bitcoin will be able to die anymore, even when the  mine ends i do believe a new system will remain to cover the hash, people say fees will be covering the hash, and its the easy way, since into 25 years bitcoin can be worthing over 50000 dollars or more.
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August 06, 2017, 05:53:24 PM
 #385

But what will happen when all the Bitcoins will be mined?
Miners change their focus to mining for transaction fees
How the transactions are going to confirm?
Miners will keep doing their job nothing changes and the how bitcoin cycle continues
I think that will be the time when Bitcoin is about to die or maybe we find some alternatives for this thing?
After all 21 million coins are mined value will probably be high enough to keep miners mining for TX.

But how?
When all the blocks are mined how can the miners still mine Bitcoins? How the transactions will still get confirm (Only by accepting trx's with higher fees?) depends on miner?
Do you have any link So, I can learn it more deeply?


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YTBitcoin
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August 06, 2017, 07:41:46 PM
 #386

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.

There should be reasons for the fall. Since bitcoin adoption is on its way and many people are still to come to the world of bitcoin Ithink price can only rise in the future. Of course there will be down times caused by bad events like MtGox crash or something like that, but they will not last long and bitcoin will rise again afterwards.
that is true that bitcoins have a great future. Bad events are the parts of a development of a particular currency. I don’t think so any event or currency that can pose a serious threat to the existence of bitcoins. I don’t think so that with the facility of internet world is ever going to be empty of bitcoins.
BartS
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August 07, 2017, 04:36:21 AM
 #387

Nobody can say when will a thing would end or last. Same with bitcoin. It is very unpredictable and very hard to conclude. After the fork bitcoin is really doing well. And many speculates that bitcoin would rise higher. Maybe time will come that the price would decline but its part of the line. So let's enjoy everything that bitcoin is giving right now.
Giving a precise date is impossible but with the new improvements on bitcoin I think it is safe to assume bitcoin is not going anywhere, this was one of the most dangerous times for bitcoin because there was a chance of a split but now we see that even when a hard fork happen, the fork does not mean anything if the community does not support it.
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August 07, 2017, 04:53:27 AM
 #388

Bitcoin that has a fluctuating nature of the price seems like over time if it experience decreases and that increase is looks common for us. But i'm sure the bitcoin prices will continue to rise, and remain profitable for everyone, obviously i'm sure bitcoin will continue to survive and live at a cool price. Despite the decline, but it will not be very very down to the bottom.

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August 07, 2017, 07:52:38 AM
 #389

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.
Probability is that either bitcoin price may go high or fall down.Its a risky investment.But we can see the steady progress of bitcoin.It has been legalized in japan and many more countries to legalize it.Mass adoption of bitcoins is taking place all over the world.So,there is a very less chance of bitcoin to lose its demand and its price to fall down.So,we could expect bitcoin price to last long.
pitiflin
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August 07, 2017, 09:57:56 AM
 #390

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 gonna last long than any other crypto currency ever will ,boy. It is gonna reign over fiat even though it's gonna take a few decades probably . But you never know it can happen before even we know it. I am gonna wait for it to happen, and hopefully this will make sure that world peace can be started with something that is not visible aka bitcoin.


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Sled
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August 07, 2017, 10:24:29 AM
 #391

There is no lifespan of bitcoin that is available because bitcoin doesn't have that and bitcoin can stay forever if the people who are using it and if all the people in the community wants to make bitcoin last then there is no problem but we need to think for the possible bad scenarios like bitcoin crash because of the big issues and so on. We can't really tell which side will have a higher chance to happen but the only sure thing is, enjoy the every bit that you have in bitcoin.
just_Alice
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August 07, 2017, 12:14:36 PM
 #392

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.

There should be reasons for the fall. Since bitcoin adoption is on its way and many people are still to come to the world of bitcoin Ithink price can only rise in the future. Of course there will be down times caused by bad events like MtGox crash or something like that, but they will not last long and bitcoin will rise again afterwards.
that is true that bitcoins have a great future. Bad events are the parts of a development of a particular currency. I don’t think so any event or currency that can pose a serious threat to the existence of bitcoins. I don’t think so that with the facility of internet world is ever going to be empty of bitcoins.

MtGox crash like news can ruin the image of bitcoin for a long period of time, but not for forever. Bitcoin like the Phoenix shall rise from the ashes after any disastrous downfall, as we've seen it many times.
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August 07, 2017, 12:21:07 PM
 #393

I think that bitcoin will exist for exactly the next 20 years, because it has not yet embraced the whole planet and new users can join it, which will raise the price by their interest.
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August 07, 2017, 12:32:38 PM
 #394

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.

What you fear can happen. Everyone was afraid of that so they sold out all the BTCs they had. But I still believe that Bitcoin will grow in 20 years. I do not think it will die so fast and they will not let it die like that
I also believe that bitcoin will still here for the next years and it will still remain. As of now, bitcoin has a good value, and maybe this year bitcoin will hit more than $3500 per bitcoin. So I think bitcoin will last.
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August 07, 2017, 12:43:33 PM
 #395

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 gonna last long than any other crypto currency ever will ,boy. It is gonna reign over fiat even though it's gonna take a few decades probably . But you never know it can happen before even we know it. I am gonna wait for it to happen, and hopefully this will make sure that world peace can be started with something that is not visible aka bitcoin.
Yes I agree, bitcoin will last longer than any other crypto currency ever will but i dont agree bitcoin gonna reign over fiat even though bitcoin can last forever because both have different way in use.

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August 07, 2017, 01:26:19 PM
 #396

All depends on the angle of view of bitcoin users, but every day many are mourning with bitcoin. Because it becomes a profitable currency and creates a high price so it can be said bitcoin will last until the world is doomsday.
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August 07, 2017, 09:55:19 PM
 #397

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 am confident that Bitcoin will grow in the next 20 years as prices continue to rise and countries are slowly adopting it as a common currency. Besides, the birth of BCC helped Bitcoin to develop nonstop

20 years is too short a time to talk about the existence of bitcoin, I think it will last longer, with the explosion of technology, the favored currency and bitcoin as the lead currency. .

Correct.
We are already changing with the way everything is transacted now. Credit cards, swipe cards online payments and many more.
Internet is actually the big change that let us broaden our intellect into seeing more about what technology could do.
Bitcoin is a part of that. It will just be a manner of time and we wont even feel it, 5 years or 10 it doesn't matter. The truth about bitcoin as being a part of that is a truth.
That’s true. It’s likely to last many more years, or it can even crash next week unexpectedly. You don’t know what happens tomorrow. Advancement in technology will give more boost to bitcoin, and also is likely to release a tech. that will help government to crush it when they feel like it’s getting on their nerves.

So, always withdraw when you feel like you’re making profit, and also save at the same time and invest too. Utilize the opportunity, before it’s over. Don’t just leave your Bitcoin idle, cos you’re likely to loose some opportunities. Work hard with it, and make profits now, in case anything happens tomorrow.

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August 07, 2017, 10:52:08 PM
 #398

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 am confident that Bitcoin will grow in the next 20 years as prices continue to rise and countries are slowly adopting it as a common currency. Besides, the birth of BCC helped Bitcoin to develop nonstop

20 years is too short a time to talk about the existence of bitcoin, I think it will last longer, with the explosion of technology, the favored currency and bitcoin as the lead currency. .

Correct.
We are already changing with the way everything is transacted now. Credit cards, swipe cards online payments and many more.
Internet is actually the big change that let us broaden our intellect into seeing more about what technology could do.
Bitcoin is a part of that. It will just be a manner of time and we wont even feel it, 5 years or 10 it doesn't matter. The truth about bitcoin as being a part of that is a truth.
That’s correct! And believe it or not, Bitcoin will last many years. Bitcoins' price can never go down, unless people happens to withdraw their funds or maybe their happens to be another split which will create an altcoin that is much stronger than Bitcoin, making it to lose value. But, one thing you should always Know is that Bitcoin community is too big and strong and can always alter some changes when they all choose to cooperate.
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August 07, 2017, 11:03:06 PM
 #399

All depends on the angle of view of bitcoin users, but every day many are mourning with bitcoin. Because it becomes a profitable currency and creates a high price so it can be said bitcoin will last until the world is doomsday.

Haha! I utterly conquer with you in this regard. Bitcoins are becoming famous day by day. More and more people are investing in this digital currency in order to have a ride to moon. I don’t think there is any other potential coin that can pose threat to the survival of bitcoins which ultimately makes them the rulers of crypto kingdom. As long as the world has internet connection, bitcoins will do exist.
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August 08, 2017, 07:46:57 AM
 #400

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 future of bitcoin is hard to predict, for there are many issues that may affect bitcoin. But still my thoughts about how long could bitcoin last is that. If internet crashed out or disappear. That will be the possible exit of bitcoin and other cryptocurrencies.

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