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boyptc
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June 02, 2019, 07:03:26 PM |
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If Satoshi Nakamoto had planned to seize bitcoin right now, then it may go to zero value. But as of now, it is hard to think that bitcoin will go back to zero. If that happens, cryptocurrency will decline and many of us here will find an alternative way to earn money. But as I think, there is no more to doubt in cryptocurrency. Many developers have expanded their knowledge in crypto space.
No more doubt about bitcoin and seizing it like what others think it's highly impossible to happen. And not just developers have expanded their knowledge but a lot of rich people vested their money in it. |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Best Dreams
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June 02, 2019, 11:27:09 PM |
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There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.
This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.
Is this correct?
Yes there will be less and less Bitcoins, but it is almost impossible to say that will cease to exist. That would be an really unlucky event. Don’t be silly to think every about its happening, I know bitcoin has good value in market and since long it is there no other coin ever had such value as bitcoin has, it is improving now a day in price, still so many people are there in the market who ask only for bitcoin, so it shows bitcoin has bright future that never gona let bitcoin disappear from market. |
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emmybd
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June 03, 2019, 04:41:34 AM |
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There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.
This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.
Is this correct?
Even if some people lose bitcoin that doesn't mean that it would disappear. Even if, it disappears in 20 or 30 years time it would leave a lot of people bitcoin millionaire, so the potential is huge. |
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Kasabus
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June 03, 2019, 06:25:23 AM |
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There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.
This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.
Is this correct?
Even if some people lose bitcoin that doesn't mean that it would disappear. Even if, it disappears in 20 or 30 years time it would leave a lot of people bitcoin millionaire, so the potential is huge. I guess you don't get the point, when people totally forget how to access their bitcoin, that is considered loss in circulation, and that is a big mistake for them especially if bitcoin will moon in the future. However, good for the market since the supply will reduce with that kind of mistake. |
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Cherylstar86
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June 03, 2019, 12:04:55 PM |
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There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.
This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.
Is this correct?
Even if some people lose bitcoin that doesn't mean that it would disappear. Even if, it disappears in 20 or 30 years time it would leave a lot of people bitcoin millionaire, so the potential is huge. As long as poeple are determine to resemble bitcoin, a huge of potential that it will exceed bountifully in the mere future. Just a positive motivation to conquer the possible consequences around the field. And I don't doubt about its existence will be constantly arousing . |
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Wingo
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June 03, 2019, 06:48:13 PM |
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There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.
This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.
Is this correct?
It is a bit impossible to happen. But let's say that it happened. The price of bitcoin will pump so much, like how other alts that conducts token burning. The supply is minimized while the demand grows, this increases the price in a faster rate. Bitcoin wont lose its value, and once the future comes that the mass adoption of digital assets happens and Bitcoin is still on the top, it will have a much higher price. |
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Febo
Legendary
 Offline
Activity: 2730
Merit: 1288
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June 04, 2019, 02:31:32 PM |
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There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.
This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.
Is this correct?
Yes there will be less and less Bitcoins, but it is almost impossible to say that will cease to exist. That would be an really unlucky event. Don’t be silly to think every about its happening, I know bitcoin has good value in market and since long it is there no other coin ever had such value as bitcoin has, it is improving now a day in price, still so many people are there in the market who ask only for bitcoin, so it shows bitcoin has bright future that never gona let bitcoin disappear from market. You seems to not understand not what I wrote nor what OP wrote. OP was writing that since there is 21 million possible BTC people can lose them and eventually we end up with none. I posted that that will most likely not happened. |
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coin-investor
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June 10, 2019, 02:06:49 PM |
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I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.
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Apaxy
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June 13, 2019, 07:22:02 PM |
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I am 100% confident in the prospects of cryptocurrency. To date, many interesting projects have already been created, with the help of which the cryptocurrency will be implemented in the daily life of a person. In addition, I would like to draw people's attention to the fact that blockchain technology is also used in the banking sector and in other very important institutions of states and structures. I would like to note the fact that even one of the leaders of the gaming industry, Ubisoft, intends to use the ethereum blockchain. This also says a lot.
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boyptc
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June 13, 2019, 10:57:31 PM |
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I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.
But many newbies too that doesn't care of the protection of their wallets, they are lazy to look for those materials and resources that they might interested with and increase their knowledge of protecting their wallets. The number of lost bitcoins forever might increase in due time but it does not mean that every bitcoin will be gone in the circulation. |
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Kimonoe
Member
Offline
Activity: 700
Merit: 10
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June 14, 2019, 03:35:36 AM |
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I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.
I agree, especially the biggest social media like Facebook will actually issue their coins, namely the global coin. and this becomes an objection that the bitcoin will disappear. and I think it will develop faster |
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Cherylstar86
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June 14, 2019, 04:29:06 AM |
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I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.
I agree, especially the biggest social media like Facebook will actually issue their coins, namely the global coin. and this becomes an objection that the bitcoin will disappear. and I think it will develop faster Bitcoin has carrying its tittle as a leading coin in all currencies and it also resembled by many people who adopt its potential and liable platform. So I believe bitcoin will never disappear as the current market phase has shown gradual pump, a sign of having a great bull trend in the near future. |
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Leh-Meh
Jr. Member
Offline
Activity: 42
Merit: 2
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June 14, 2019, 11:27:30 AM |
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I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.
I agree Bitcoin people will keep it as digital asset for next 10 years if the governments do not ban Bitcoin. |
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toast
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June 14, 2019, 11:12:13 PM |
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I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.
I agree Bitcoin people will keep it as digital asset for next 10 years if the governments do not ban Bitcoin. I doubt that the bitcoin will disappear for now. because the old bitcoin is increasingly in demand. although sometimes the condition of bitcoin has experienced a sharp decline, many conditions are interested in bitcoin until now. so until now we don't doubt Bitcoin. |
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ioanbtc
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June 15, 2019, 11:04:51 AM |
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I also doubt will dissapear as long as we have people who use it, miners and nodes who will maintain network on and exchanges and merchants who accept it bitcoin will have long life.
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acroman08
Legendary
 Online
Activity: 2324
Merit: 1075
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June 15, 2019, 12:19:48 PM |
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I also doubt will dissapear as long as we have people who use it, miners and nodes who will maintain network on and exchanges and merchants who accept it bitcoin will have long life.
Bitcoin is Finite no matter how long it takes bitcoin will eventually ran out one day but before that happens a new cryptocurrency will probably emerge that will be able to replace bitcoin. it may not be as good as bitcoin but it will be the one who continue the Bitcoin legacy. |
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Distinctin
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June 15, 2019, 01:51:17 PM |
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Yeah I think it can be disapear but not yet, maybe in 20 or 30 years..
If it will disappear, it would not reach that long, it would disappear maybe less than 10 years from now, but I doubt the possibility because if we look at bitcoin's fundamentals, we are seeing great progress and therefore I'm expecting a growth because this is not a bubble like other people are thinking. |
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Naida_BR
Member
Offline
Activity: 980
Merit: 62
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June 15, 2019, 02:06:50 PM |
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I also doubt will dissapear as long as we have people who use it, miners and nodes who will maintain network on and exchanges and merchants who accept it bitcoin will have long life.
Bitcoin is Finite no matter how long it takes bitcoin will eventually ran out one day but before that happens a new cryptocurrency will probably emerge that will be able to replace bitcoin. it may not be as good as bitcoin but it will be the one who continue the Bitcoin legacy. Bitcoin's notion and concept is great but I think it is now the best. There are many better projects and cryptocurrencies than Bitcoin. Bitcoin is just the first and the most trusted right now. If all coins are lost one day there could be a fork and the chain can come back to normal easily. |
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lovesybitz
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June 16, 2019, 02:24:09 AM |
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There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.
This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.
Is this correct?
I don't think bitcoin will disappear at this point of time, because there are huge of supporters out there that are still holding unto it. As time goes by the numbers of investors and believers of bitcoin so far are continue increasing, in short bitcoin become more popular nowadays. |
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Natalim
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June 16, 2019, 02:57:21 AM |
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There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.
This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.
Is this correct?
I don't think bitcoin will disappear at this point of time, because there are huge of supporters out there that are still holding unto it. As time goes by the numbers of investors and believers of bitcoin so far are continue increasing, in short bitcoin become more popular nowadays. Bitcoin just reached $9000 today, this is not a sign that it will disappear, looks like it's here to stay and we won't be able to reach more worry thread like this in the future, people now are more interested in discussing its positive future. |
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