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Author Topic: This is why BTC will never fail, easy peasy!  (Read 168 times)
virtualdn (OP)
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December 15, 2017, 07:04:37 PM
 #1

It's mining will end in 2140. Of course none of us will be around then but:

DO YOU THINK IT WILL EVER REACH A LOW LEVEL CONSIDERING THIS HUGE TIME SPAN ?

Has gold ever become cheap for the masses?


BTC is here to stay and I think it will surpass $100,000 in max. 2 years, after that sky is the limit, I dare to say it will head to the million because this is also a psychological thing.

If you own at least 1 BTC
at this moment of writing, you will be settled, just wait a few more years.

1 BTC = 1 BTC
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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December 15, 2017, 07:08:29 PM
 #2

No way, i think that you are just being as much optimistic as possible, maybe that is a good thing, but no way...

Bitcoin going towards one million dollars within two years? Are you really paying attention to what you are writing in there? it seems that you are not.

BTC is here to stay and I think it will surpass $100,000 in max. 2 years, after that sky is the limit, I dare to say it will head to the million because this is also a psychological thing.

Bitcoin will only go up if people DECIDES to keep the price going up, if they all decide to sell, good bye bitcoin.



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December 15, 2017, 07:24:00 PM
 #3

I said it's going to $100,000 in 2 years and to 1 million after.... don't know how many years

As people deciding to sell.... dreams, imagine all people selling their gold it will never happen

1 BTC = 1 BTC
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December 15, 2017, 08:33:30 PM
 #4

Optimism is good but being realistic most of the time saves our asses off from certain dangers e.g. cryptocurrency crashes/investment burns. Stating that bitcoin will never fail is some kind of an overstatement, add to that the small time-frame to reach a million a piece. I know John McAfee's dick is also on the line for the time-frame but he isn't Jesus or an oracle to know that it will definitely be in that level in 2 years. I own a couple of BTC but I'm not looking at the things that way.

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December 15, 2017, 08:37:23 PM
 #5

Very inspiring and motivational talk up there. Yes no matter how much we say about bitcoin that it’s bubblr and stuff but it will always be on the top. I like the idea of comparing the bitcoin with gold and then proving that how it won’t go down in the future. The bitcoin has really achieved tremendously high market capitalisation which is one of the best thing to put it all time high. Beyond this mining is far far away from our time and until then the price would so much that we might just millions of millionaires and numerous billionaires too!!

 
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December 15, 2017, 08:43:59 PM
 #6

proving that how it won’t go down in the future.
You can't prove that it won't go down, because the price depends on speculators' sentiments and their minds.

Speculators' minds tend to be fragile since they're often who decided to buy in based on past price increases.  If they are the sort of people who bought in based on past price increases (which many of them are) they're also likely to sell based on future price falls.  They invest based on the momentum of the market (bear markets and bull markets).
DO YOU THINK IT WILL EVER REACH A LOW LEVEL CONSIDERING THIS HUGE TIME SPAN ?
Yes, it quite easily can.  The supply will not decrease over that time (apart from lost coins, but definitely not to a dramatic extent), so there's no reason why the price would necessarily go up.
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December 15, 2017, 08:56:17 PM
 #7

What an optimistic view of bitcoin, and who knows? I am positive that bitcoin will reach that point to the road on a million but the thing is what if people will start selling their bitcoin before that would happen? We can't deny the fact that even on the $10k market value of bitcoin is much and many starts selling that one but many also buy because the only thing that drives buyng bitcoin is price increase but later on that drive may down because many wouldn't afford it anymore. The only question left, is how far is peoples limit on value of bitcoin?
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December 15, 2017, 09:41:29 PM
Last edit: December 15, 2017, 09:53:09 PM by darkangel11
 #8

Has gold ever become cheap for the masses?[/b][/i]

It hasn't, but it also has been used in the industry (electronics, jewelry, collectibles, art) and wasn't vulnerable to hacking and internet/power shortages.

If you own at least 1 BTC[/u] at this moment of writing, you will be settled, just wait a few more years.

I sure hope that you're right. Back in the day I was earning over 0.5BTC a month from signature campaigns. Wasting my times on this could have been the best decision in my life.

Stating that bitcoin will never fail is some kind of an overstatement, add to that the small time-frame to reach a million a piece.
(...)
I know John McAfee's dick is also on the line...


The word fail is crucial here. If by fail you mean cease to exist i'd say it's unlikely if not impossible. If it means that it will fail to save John's member, my answer will be quite different Cheesy

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December 15, 2017, 09:54:48 PM
 #9

Watch this thread in 2 years time Wink BTC must have surpassed $100,000 by then

1 BTC = 1 BTC
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December 15, 2017, 10:06:56 PM
 #10

It's mining will end in 2140. Of course none of us will be around then but:

DO YOU THINK IT WILL EVER REACH A LOW LEVEL CONSIDERING THIS HUGE TIME SPAN ?

Has gold ever become cheap for the masses?


BTC is here to stay and I think it will surpass $100,000 in max. 2 years, after that sky is the limit, I dare to say it will head to the million because this is also a psychological thing.

If you own at least 1 BTC
at this moment of writing, you will be settled, just wait a few more years.
When that ends there should be enough people with money to make a new coin and Bitcoin will be left in the dust.

 
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December 15, 2017, 10:10:46 PM
 #11

Well, I could admit that the price of bitcoin at $100,000 does not seem hard to achieve in a couple of years. But I do not see the direct relationship between the year 2140 when the mining is over and the possibility that the bitcoin will reach a million dollars due to its scarcity.

That period of time is so long that it is absolutely impossible to predict what will happen to bitcoin by then, or if there will be still cryptocurrencies or money (or the same humanity) for then.
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December 15, 2017, 10:11:08 PM
 #12

That's a pretty bad commentary as to why Bitcoin is supposed to never fail. Just saying that the mining ends over a hundred years from now doesn't mean jack when the entire thing could just shut down one day if people lose interest and no-one is interested in propagating the network for that long. That sounds like what the bankers were saying before the 2008 collapse; there is no way it can fail because it's just a money printing machine. It's not like that stopped the market from collapsing in on itself back in 2008, no reason it couldn't do something like that again now.
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December 15, 2017, 10:14:59 PM
 #13

2140 is a long time away. We should focus on adoption and use cases now! Otherwise it wont go that far

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December 15, 2017, 10:22:13 PM
 #14

bitcoin will nver fall hard.its still cheap.i am gonna hold long long term.and its my future .its worlds future .

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December 15, 2017, 10:33:13 PM
 #15

On 2140 no one of us will be alive, so why are you worried about that year? What if you just become a millionaire during those times? you are not going to be alive anyway.

You are just feeding out that huge chain of 3rd countrie's people in here who think that with 0.01 bitcoins they can be millionaires for the rest of their lifes, well done.


If you own at least 1 BTC
at this moment of writing, you will be settled, just wait a few more years.

Maybe they will be millionaires with one bitcoin, the ones who are living with fiat money (usd) are not going to have the same money as they could have.


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sofi@
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December 15, 2017, 10:43:40 PM
 #16

It is possible for bitcoin to remain strong and appreciated in the coming years because seeing how bitcoin grows this year surely everyone become optimistic of the future ahead but we must not forget that bitcoin is unpredictable and that anything can happen soon I may not telling bitcoin will die but as much as the possibilities that it will stay and die are should be both expected.

danggoron
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December 15, 2017, 11:06:47 PM
 #17

anything can happen. if there is no interference, then the OP prediction and of course our expectations can be realized. however, if cryptocurrenzy suddenly falls due to something unexpected, then bitcoin and altcoin become worthless, what should we do?
so, always be careful with all our investments, there must be a plan b if something bad happens.

subSTRATA
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December 15, 2017, 11:08:50 PM
 #18

That's a pretty bad commentary as to why Bitcoin is supposed to never fail. Just saying that the mining ends over a hundred years from now doesn't mean jack when the entire thing could just shut down one day if people lose interest and no-one is interested in propagating the network for that long. That sounds like what the bankers were saying before the 2008 collapse; there is no way it can fail because it's just a money printing machine. It's not like that stopped the market from collapsing in on itself back in 2008, no reason it couldn't do something like that again now.
i dont think that if bitcoin fails, it will be the result of people just losing interest; i think at this point it will take some catastrophic event to shut down bitcoin over a short period of time. and the mining won't end after the market cap is reached; the mining will continue in order to confirm blocks, and the miners will take the mining fees as a reward in place of the block reward. hopefully, by the time this comes about, bitcoin will have developed enough through numerous forks to accommodate enough transactions per block and keep the miners satisfied with the rewards.

theres nothing here. message me if you want to put something here.
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December 15, 2017, 11:10:42 PM
 #19

I think that in the future, even in less than two years bitcoin could be replace with another crypto. About the bitcoin price it's sure that it will go down and if you don't know that you are crazy and will win less money ^^
wndrbr3d
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December 15, 2017, 11:18:35 PM
 #20

Just imagine how much BTC fee for transaction will be if BTC cost 100k$ Roll Eyes
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