Bitcoin won't live to see the next 10 years

[germa66]

actually i'm not sure of that, whether bitcoin will be able to survive with all hard fork traversed. but I also can not conclude so I can only see it and wait for some good news that can convince me that bitcoin is able to survive.

[South Park]

i wrote it somewhere else, but i'll say it again. i believe it will still be here, but not as "powerful" as now

And why it should not be as powerful as it is now? Do you mean bitcoin dominance? That number is irrelevant, bitcoin is the best crypto out there but there are other useful projects begin created so it makes sense as time passes that those projects begin to reduce bitcoin dominance.

[stayeduptolate]

Quick Disclaimer:
1. I'm not here to support any shitcoin.
2. We're all gathered here because of bitcoin, so it's hard for me to see it fading way.

Bitcoin was designed not be fully anonymous since transactions were open permanently for the public to view.
Authorities and security agencies were able to trace the bitcoin owners based metadata and transaction pattern, history and so on.

Some developers understand this issue and they go ahead to create some new altcoins which they are fully anonymous by implementing new hashing algorithms on their very new altcoins such as Dash, Monero, Zcash and Zcoin.

So why the bitcoin "hard fork" instead of updating the original bitcoin core?
Forked coins like BitcoinCash & BitcoinGold are moving from ASICs to GPU mining for faster transactions, why not BTC?
Why not update bitcoin mining algorithm to Equihash (zk-snarks) like Zcash and the next upcoming Bitcoin Gold BTG? 

Instead of updating the original bitcoin core to have more secure and fast transactions with lower xt fee, yet making hard forks!
I think hard forks will soon kill the original bitcoin.
 
What do you think, huh? Share with us what you think. thanks

Yes I do believe that bitcoin will be present after 10 years and don’t agree with the statement that bitcoin wont last to see the next 10 years because since bitcoin has started it has gained immense amount of popularity not only from the younger generations but also from the middle and old generations. Which has lead to increased usage and demand among the people. It is also evident from the increasing value of bitcoin day by day. Bitcoin has started to be accepted around the world now. And many people are using it for earning money, mining, trading, giving loans and gambling too. So it’s clear that bitcoin will last the next 10 years because it has a very high potential.

[retnoanjani]

Yes.
Ten years away, it is not impossible Bitcoin increasingly accepted by the world community and can be used as a means of payment via the internet like a credit card. Besides, Bitcoin will be the same investment instrument as fiat. It is important for the government to set up an 'umbrella' that will protect the users of digital currency, be it Bitcoin or altcoin. Public security, especially in financial and payment systems, is indirectly related to the stability of a country's financial system.

[bitllionaire]

actually i'm not sure of that, whether bitcoin will be able to survive with all hard fork traversed. but I also can not conclude so I can only see it and wait for some good news that can convince me that bitcoin is able to survive.

In fact no one know about he future, but I think still we can evaluate from the present trend of increasing the number of bitcoin users that bitcoin will stay for a long long time, because people are currently taking more interested in bitcoin and the use of bitcoin for online shopping as well as in offline shopping is increasing from time to time which is also making bitcoin more secure.

[South Park]

You cannot update the mining algorithm just because you want it, if you did that then all the money that miners have invested will be wasted, it will be the equivalent of declaring war on mining and it does not solve anything at some point people will find a way to build a miner capable to mine effectively whatever algorithm you create and then we are going to get the centralization of mining once again.

You can declare whatever you want this is the beauty of it.
Right now we have a declaration of war and is called Bitcoin Gold.

The problem is who will follow and how important as market share volume investment and others those people are.
If the user base moves to bitcoin gold the war is won and miners can stick with their sha mining asics.
If nobody gives a damn about bitcoin gold the war is lost and we say by by to another failed altcoin.

And of course there will always, no matter what algorithms you use, a so called asic that will do the hashing a lot faster and cheaper than the average computer. The problem is the difference is hashing power.
Even now it is possible to build asics specialized for other algorithms but you will have to build a machine that does nothing else and only gives you a 4 to 5  more hashing power than the gpus you could buy with the same money.

All of what you said is correct, but the OP was talking about why bitcoin did not changed the mining algorithm, and if I remember correctly some devs have said that is the last option, so it is not something that will be done without serious thought, if the devs wanted to do that then we will have the opposite scenario to the current one, in this scenario the devs want a change and not the miners and if they changed the algorithm it is possible someone else forked bitcoin to maintain the current algorithm, so I think trying to change the algorithm is only going to create more problems than the ones it could solve.

[jennywhzz]

No matter what people say about bitcoin , No matter how many countries banning this digital currency, Whatever people say evil of bitcoin here, Bitcoin still survive. Just look at the past fork. We accept these fork effect on bitcoins value like when china banned the bitcoin the price fall down. But now one left the bitcoin they survive and now the price is higher than before. Also if you open the chart i will find the price increase every year. I've heard in 2018 the price will touch 10,000$ or even more.

[NikolayRaev]

The opinions of experts from various companies from Wall Street were divided. Some believe that the crypto currency expects a bright future, others - that it is a bubble and deception.
Bitcoin literally changes the key concepts in the financial world. Historically, people considered a value asset something that can be owned and that can be sold at a predictable (more or less accurately) price, but bitcoin is also a digital asset. Bitcoin today is like Facebook, when he used only 10 million people, imagine what will happen when the number of users exceeds a billion?

However, each value asset, which humanity knew to this day, besides the function of preserving value or value, had other functions. For example, you can buy something for money. In order for crypto currencies to become a value asset, you need them to become useful as something else.

[Henry27]

It sure will and even further due to the consistent growth in market volumes and value. There's nothing stopping bitcoin at the moment as we all can see and so i don't se any reason why it will  not live to see many more years ahead of us. Even if a rival coin (altcoin) with a different technology should emerge on the scene it will take a long time  for it to dethrone bitcoin.

[MrHertz]

If bitcoin was static - I guess you might be right, but bitcoin is not static, it evolves and that is why it won't die next year
yes, its share still decreasing, but still this is number one coin, and if bitcoin will continue to be developed it will stay like this for  at least 3-5 years, imho..
now we have fast transactions, if there will be some technology developed then it can live very long.

[Games.Bitcoin]

This is one of the gloomiest death of Bitcoin messages I've ever read because for once all the concern points were valid

[lillyann]

Bitcoin started back in 2008 and is still on its path to establish itself.  What happens in 10 years depends upon various factors IMO.

BTC will be stronger and stronger. The price compared to last year has grown 3 times. I hope that in 2019 the bTC price will go up around 25k $. That should be ...

[cryptbit.man]

I hope it does, but to be honest bitcoin is simply the first iteration of crypto currency. In a way I hope that in the next year bitcoin will fade to give way to a safer, faster and overall better cryptocurrency.

[senin]

Judging by how quickly bitcoin grows old and becomes slow, if it survives in the next ten years, it is unlikely to be a leader and also significantly affect the other crypto currency. Most likely he lost leadership positions and will become an ordinary mediocre coin.

[jeremypwr]

This must be some sort of a joke, so here's your generic LOL 
Bitcoin will have exploded within the next 10 years (I'm praying) so hopefully you bookmark this thread and revisit it sooner than that.
You will more than likely be presently surprised.

[coinbitrade]

While bitcoin remains the leader. How many have already talked about the fact that bitcoin is uncomfortable, and not anonymous. But still no coin has yet moved bitcoin from the first place. And I think that in 10 years bitcoin will remain in the first place

[lordmick]

In my opinion bitcoin will not die. Because regulation of the state will be the basis of fixing bitcoin as payment tool. Bright example is Japan. It just start. And what was result? I think that any forks will not affect to it.

[joel123]

Says who? Do you have any information to support this claim? Same has been said about bitcoin over and over the years but still here we are and even at a dip, still worth so much. I don't think bitcoin will die. More and more people keep coming in and the market keeps growing. As long as people keep investing, the market will keep growing.

[Minerall]

I think that it'll still be alive in ten years. I see no problems why it should be removed or cease to be popular. But its price can change a lot.

[russella31]

I personally think that bitcoin will live for the next 10 years. Even though the price of the bitcoin decreased, soon it will gain back its value. Just hold on. Bitcoin is also becoming popular in the market now. So that's a good sign that it will still thrive for the nest 10 years.