mathiaslivis
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Activity: 139
Merit: 10
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October 21, 2017, 12:56:10 PM |
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Only when the world returns to the age of information is not available. So there will be no centralized bitcoin. I don't think that's possible. The world in the future should be a unified world. The concept of the state will disappear, and the paper money will disappear
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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zabjerr
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October 21, 2017, 01:01:19 PM |
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I hope that bitcoin will last longer, as I know in the years to come, the more and more new ones will work because of the computer because I know it will make it more likely that bitcoin, I believe not it will disappear.
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Alok Yadav
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October 21, 2017, 01:16:38 PM |
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March 2017 came in like a lion for Bitcoin as, for the first time ever, one Bitcoin sold for more than one ounce ofAs it enters its ninth year, the future looks very bright for an idea that many have spent the previous eight years scoffing at and predicting the imminent demise of. gold.
To survive and thrive over the long term, a cryptocurrency is going to have to be used as a medium of exchange by regular people buying regular things at regular stores. This means that transactions have to be confirmed quickly and that the fees involved have to be attractive versus PayPal and credit cards.
Recently, transactions on the Bitcoin blockchain have slowed waaaaaaaay down for people who are unwilling to pay fairly high “miner fees.” The (as non-technical as possible) explanation of that term:
Bitcoin is created (“mined”) by people (“miners”) who run computer software that keeps track of Bitcoin transactions (“updates the blockchain ledger”). The miners are rewarded with a bit of the newly created Bitcoin and with miner fees.
As more and more people use Bitcoin, more and more computer power is required to update the blockchain ledger. Transactions with the minimum fees included go to the back of the line and are taking longer and longer to process.
If this isn’t fixed, Bitcoin will become nothing more than a store of value for people who move it around in quantities big enough to justify large fees and long waits. If that happens, the value of Bitcoin will plummet back toward a famous early transaction in which someone paid 10,000 Bitcoins for two pizzas. No customer or shopkeeper is going to pay a dollar in fees and wait 30 hours for confirmation to buy or sell a can of cola.
Two proposals for improving the system, “Bitcoin Unlimited” and “Segregated Witness,” are under consideration by the Bitcoin developer and miner communities. I’m not the guy to ask about the technical virtues of each proposal, but my sense is that Roger Ver, the main evangelist for Bitcoin Unlimited, has a better understanding of what needs to happen and why. That is, he sees that small, fast, low-fee transactions are the future of cryptocurrency.
If Bitcoin developers and miners don’t get that fact through their heads, and soon, cryptocurrency as such won’t die — but Bitcoin will cease to be people’s cryptocurrency of choice.
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ngerok
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October 21, 2017, 01:20:29 PM |
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maybe as long as the internet still exists then Bitcoin will also always exist. I hope Bitcoin does not die in the future.
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Pakar11220
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October 21, 2017, 01:38:19 PM |
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bitcoin can survive as long as people belive on it and work for bitcoin.I think it will survive for many of years because its demand is move fast from day to day and its rate will also move fast.
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Sasuke102001
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October 21, 2017, 01:49:56 PM |
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There are some questions which cannot be answered with 100 percent accuracy and this question is one of those questions. People's opinions about the survivability of bitcoin changes with situations. As of now people think bitcoin has a long way to go. Then comes the time when China banned ICO'S and Jamie opposed bitcoin some people thought the end is near. So actually telling about how long can a particular thing can survive is pretty difficult.
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hahay
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Activity: 3458
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
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October 21, 2017, 08:45:25 PM |
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Previously I was sure bitcoin would survive for a very long time, but after I saw this very high bitcoin price, I was worried that there would be many countries that resisted and bitcoin because the price is unreasonable because it is so high. I'm also very happy with bitcoin prices right now, but will it bring a good impact to bitcoin? If the government can see bitcoin in the positive side, then bitcoin prices will now boost the popularity of bitcoin, so hopefully. I hope bitcoin will survive for a very long time.
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Hutalar
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October 21, 2017, 11:59:33 PM |
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when the world war 3 breaks out and the internet turned off, Bitcoin would have a very low value or even die.
because of decreasing in user will result in less demand.
as long as people use Bitcoin then Bitcoin will still be alive, long live Bitcoin!
In my opinion Bitcoin is not only survive it should rule the world. As far as the peoples believe on technology and digital currency (crypto currency) Bitcoin will be alive. Day by day demand of Bitcoin is increased and rate of its price grow up. It should be alive until people’s interest in online transactions, using in the technology like internet, online shopping etc. |
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Kersh768
Sr. Member
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Activity: 658
Merit: 256
Freshdice.com
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October 22, 2017, 12:15:12 AM |
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Have you guys ever think to how long is bitcoin will survive in this world ? Well, I mean is there anything that can make bitcoin bankrupt or low price, then possibly will make bitcoiners doesn't want to invest anymore. And also is there any solution to avoid those thing. Just wonder to know.
I'm not sure but I think, it will be functioning for the next 10 years. No one really knows until when will Bitcoin exist but surely, as years are passing by, Bitcoin is becoming more successful and growing in all aspects. Its market value is getting more expensive making its community big, and infact, other investors are moving to Bitcoin that makes the demand high. So maybe, it won't end less than 20 years from now. |
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Granslam
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October 22, 2017, 12:32:52 AM |
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Have you guys ever think to how long is bitcoin will survive in this world ? Well, I mean is there anything that can make bitcoin bankrupt or low price, then possibly will make bitcoiners doesn't want to invest anymore. And also is there any solution to avoid those thing. Just wonder to know.
No one knows ! But i thnk if many investor stop investing and support this until someone uses it bitcoin is survive but if many people don't use this i think that that is the one possible that the bitcoin become dead. |
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whoisyourking
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October 22, 2017, 12:52:21 AM |
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Have you guys ever think to how long is bitcoin will survive in this world ? Well, I mean is there anything that can make bitcoin bankrupt or low price, then possibly will make bitcoiners doesn't want to invest anymore. And also is there any solution to avoid those thing. Just wonder to know.
Bitcoin will survive as long as there are miners and also the important medium of bitcoin the internet, also the government if the government step into bitcoin and control bitcoin or banned this thing forever. Bitcoin also has a limitation but ask your self how long you will be into bitcoin? |
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bOSsmarie
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October 22, 2017, 12:56:00 AM |
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I think it will last longer then Fiat currency. Mark my words. bOSsmarie - 5:55 PM UCT, 10/21/17
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mitchr4
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Merit: 1017
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October 22, 2017, 01:01:41 AM |
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Have you guys ever think to how long is bitcoin will survive in this world ? Well, I mean is there anything that can make bitcoin bankrupt or low price, then possibly will make bitcoiners doesn't want to invest anymore. And also is there any solution to avoid those thing. Just wonder to know.
Bitcoin will survive as long as there are miners and also the important medium of bitcoin the internet, also the government if the government step into bitcoin and control bitcoin or banned this thing forever. Bitcoin also has a limitation but ask your self how long you will be into bitcoin? I think not all governments fully support Bitcoin and also cannot control Bitcoin. They can only forbid things that are related to Bitcoin as ICO but can not control the value of Bitcoin. Bitcoin users who can determine the survive of Bitcoin for the next few years. |
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Bitcoin_Delivery
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October 22, 2017, 01:25:06 AM |
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Bitcoin persists until the users leave. the bitcoin price will decrease as it leaves them bitcoin and bitcoin going back to normal
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yamortsac
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October 22, 2017, 01:42:10 AM |
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I believe bitcoin will continue to survive for as long as there is technology and internet which I think will not disappear. If bitcoin cannot survive then maybe it ends already on its early years but as we can see now bitcoin is very strong and continously rising.
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websoftwareengineer
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Activity: 364
Merit: 100
Blockchain with VTOS energy
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October 22, 2017, 02:42:31 AM |
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Bitcoin persists until the users leave. the bitcoin price will decrease as it leaves them bitcoin and bitcoin going back to normal
Yeah i agree with that, The only reason for bitcoin to lose its value is the investors itself, When the time comes that people start leaving bitcoins and starting a new business then bitcoins value will slowly decrease and eventually die. It all depends on the market on how long bitcoin will survive. |
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cammie16
Full Member
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Activity: 462
Merit: 100
BitHostCoin.io
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October 22, 2017, 03:43:39 AM |
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The only honest answer is: for as long as two people or more believe Bitcoin has use and value.
The schedule for block rewards is set to extend out to the year 2130 so bitcoin mining (in its true sense) can continue for that long as long as there are transactions to produce work for.
Maybe an equally good question is: what could end bitcoin? If we think about it from that perspective we can identify what threats exist to seriously harm bitcoin.
One such risk is Governments. They can ban the use of bitcoin among retailers which would seriously diminish the opportunity for adoption growth.
What else?
Agree, as long as people believing about bitcoin it will continue to survive. Governments will try to stop it but for now they cant do anything about it. |
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Kakkles
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Activity: 61
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October 22, 2017, 04:38:46 AM |
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The only way I see bitcoin dying is if something else is created that will be more effective and practical and somehow take bitcoins user base. In my opinion bitcoin is in it for the long haul.
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Zastria
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October 22, 2017, 04:51:24 AM |
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Probably will last forever, I hope that bitcoin can be the currency that all people use, it's possible that bitcoin price could be up to $ 10000 in the future  |
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qwertyuiop0987654321
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October 22, 2017, 05:13:57 AM |
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I think it will survive until people believes in the technology. Since bitcoins can last indefinitely in theory, bitcoins will be relevant if there are people that are willing to buy and sell it. The 21,000,000 bitcoin cap is just the number of bitcoins that will go out in circulation. The part of mined block, is just actually rewards. Miners can still continue mining blocks even without rewards. I guess that's a good thing for us, since our transactions will still be written in the blockchain. But I don't think I'll live to see that day since it's so far away.
i think bitcoin will survive as long as there are people still managing it. and as long as there is internet it will survive. but then why thinking that it will end lets think positively it will continue as long as people support it. |
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