Dheeraj Kumar Singh
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May 12, 2018, 05:44:02 AM |
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Asking this sort of question is like asking whether gold can disappear. Well bitcoin will only disappear when gold disappears. This simply mean that it is going no where.
The only thing that will likely happen is its value dropping, alas! It will pick again. Now lets look at some reasons why bitcoin is here to stay.
Bitcoin is a Magic Dragon. It is a piece of code running on thousands of computers, and it is peer to peer networks and it is decentralized. You can not turn off a peer to peer system without stopping the other systems running on the same internet network. Bitcoin is going nowhere. Even if all the countries in the world starts regulating it, it will still exist and people will use it legally or illegally.
People are hooked to bitcoin because it is filling a certain need, apart from filling a physical need, it fills an intrinsic need. Anything that has such a need does not disappear. Lets look at an example. People go for religious service to gain salvation, even when such persons don't get it, you still see them committed to such service. So not matter what, people will keep buying, using and trading it continuously and therefore it would maintain its existence.
As you learn more about decentralized currencies, you will come to understand why bitcoin will not disappear. You are in the right place, at the right time. The Bitcoin community is intelligent, perhaps more intelligent than those in the traditional financial institutions, ready, and able, to continue to pioneer the existence of bitcoin.
The sign of bitcoin disappearing is hanged on altcoins gradually disappearing. But there is no sign of that happening. Instead they are growing by the day.
Ok. Lets cut this short and say the only thing that will make it disappear. It is if there is an invention of a very perfect new digital currency. Anyways, this will only make bitcoin price to be very low, that people will just keep it as souvenirs.
But come to think of it, if bitcoin really disappears especially quickly, without something else filling its vacuum, this will be disastrous, it might lead to the collapse of the entire financial system, because it is like a chain that is connected to the system.
In conclusion, bitcoin will only disappear, if the world seize to exist.
So guys what do you think, can bitcoin disappear?
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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Freshmen
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May 12, 2018, 09:50:45 AM |
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It is going to stay in the longer run and will grow more as it is getting acknowledged.
The future is that of cryptocurrency and bitcoin is the leading crypto in the world although there is huge volatility in the price but on the whole it is still on the top. More and more people are investing in bitcoin. The price is downing which is not food for old investors but it is good for new investors. They have a chance to buy bitcoin for low price and will make good profit in the future. |
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goodfortune2018
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May 12, 2018, 10:36:22 AM |
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In the future, bitcoin may yet have another destiny. If a sovereign state were to issue its own digital currency based on blockchain technology, the situation would be complicated. Matthew Bishop, senior editor of the economist, said: "the biggest risk for digital money is that the government is likely to act to destroy alternative currencies other than fiat currencies." So should we worry about this?
In real life, monetary forms can be changed, but the "rules of the game" are not reversible. In any era, as long as the "rules of the game" are in, even if there is a war, as long as the data is still in, any virtual currency can survive and pass on under this rule.
As a result, many prognosticators say that the current currency will be replaced entirely by digital money in the near future. However, to become an international currency, digital currency needs to meet a necessary condition, which is the stability of monetary value.
From the national level, the digital currency is a long-term process, the user panic, while prove itself in the prototype stage, again shows the importance of relevant laws and regulations and industry since the flooding. Until a key directive is introduced, the digital currency can only be stuck in the 3.0 era.
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i think not because bitcoin is very strong and popular and i believe will continue to support in the future. |
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TheGreatPython
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May 12, 2018, 10:49:29 AM |
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Bitcoin is essentially the gold of virtual currencies so it's very unlikely to see it disappearing. It bears the face of the whole cryptocurrency and I know devs will just upgrade it instead of making a better one to replace it.
Now big countries are accepting bitcoin as their legal currency because they now blockchain technology and aware of the benefits of this technology. So they allow their people to trade in bitcoin. More and more people are entering in this world and making handsome money from their investment. I don’t believe that bitcoin will disappear in the future. No doubt that bitcoin is the crypto gold. There are two benefits of buying bitcoin one is earning more and more money and the second is to pay for your shopping anywhere in the world. There is no sign that bitcoin will disappear in the future, besides it is growing more and more. In the future bitcoin will be the main stream and all the people will use it. |
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Digital_Lord
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May 12, 2018, 11:41:51 AM |
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That wouldn’t be a problem to me, cause it doesn’t matter at all. The only thing that matters is how much I’m able to make before it happens to disappear or whatever it is that happens. So I will also advise you to do the same thing, work hard and focus on what you’re doing now so that if anything happens tomorrow, cause the government of your country can even ban Bitcoin, but when you have achieved enough from it, you wouldn’t be much worried.
Yeah many people think the same way and I am also one of them. The market cap of bitcoin is increasing day by day and some people are not happy with the growth and success of bitcoin therefor they are giving such statements. As Bill Gates said once that now bitcoin will never be stopped and there is nothing in the world that stor bitcoin from prevailing. |
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Cyanics
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May 12, 2018, 12:13:01 PM |
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The time when Bitcoins will become obsolete will be the one after a century from now.
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Aamir1
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May 12, 2018, 01:12:04 PM |
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I think yes.
Because if you lost a key to wallet - you lost your coins
Now, 30% of BTC doesn't available
And in the future, when holders of bitcoin died, we'll lost more and more coins
If a holder dies he will lose only his holding. It doesn’t mean that bitcoin will disappear from the market. But as you know there is a beneficiary for an account holder, you can do the same here. Tell your passwords and blockchain wallet address to your spouse or children so that they will maintain your wallet. Bitcoin will be there forever in the market. |
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AAfunctionaluppityF
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May 12, 2018, 03:42:41 PM |
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The bitcoins will not disappear as today a lot of people are aware fo this.
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krampus854
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May 12, 2018, 05:51:36 PM |
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Predicting what will happen to bitcoin is good but in negative way there will be a problem with that there are some people here saying that it will disappear in the future let's not say it that way let's just see and wait what will happen and by waiting that it is time for us to buy some of it because it is an big opportunity.
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cryptomoon1003
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May 12, 2018, 07:00:05 PM |
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It may be true. But something better than bitcoin will take its place
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asbak66
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May 13, 2018, 01:37:55 PM |
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Everything is possible mate but i think not in 1-2 years later
As long as people can get some money from crypto world i dont think crypto gonna gone so fast
Especially if crypto get accept from many goverment around the world be possible btc gonna exist for a long time
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Crypto Sway
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May 13, 2018, 03:48:09 PM |
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Will BTC and it's monetary value disappear, nobody knows and anything otherwise is speculation. Blockchain tech. is not going anywhere period you cannot put the rabbit back in the hat. I like this project because they are aiming at reducing the volatility in the market with their arbitrage exchange which will, in turn, encourage a new wave of massive adoption. What do you think about this project? https://bitcointalk.org/index.php?topic=3085831.0 |
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ficihch
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May 13, 2018, 04:15:27 PM |
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As long as I see that bitcoin show a positive trend. It's a promising cryptocurrency business because it's according his time. Bitcoin will be a popular cryptocurrency which everyone will take it to be a part of way to run his business. Bitcoin will appear forever, will be great & popular
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Biggapp
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May 13, 2018, 10:02:36 PM |
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As long as I see that bitcoin show a positive trend. It's a promising cryptocurrency business because it's according his time. Bitcoin will be a popular cryptocurrency which everyone will take it to be a part of way to run his business. Bitcoin will appear forever, will be great & popular
There is no way that we can deny the worth of the crypto currencies especially when it comes to that of the most favorite crypto currency that is bitcoin which is the backbone of the entire crypto world. Bitcoin surely holds a very good future and that there will hardly come any such situation when we will experience such kind of thing when bitcoin will be disappointing its investors. That will never happen. |
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knackergays8
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May 14, 2018, 05:10:41 AM |
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People are getting to know about this as they are also investing and trading.
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felixesteban
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May 14, 2018, 05:48:17 AM |
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Maybe one day bitcoin will disappear, but it would be very ambitious to say the same thing for the cryptocurrincies as general. A lot of people are making comments for the ethereum that one day it will get the kingdom from bitcoin. Making certain judgments for the future will be a wrong attitude.
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EdenHazard
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May 14, 2018, 06:18:45 AM |
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Making certain judgments for the future will be a wrong attitude.
'Maybe one day bitcoin will disappear'. And this judgments for the future will be a wrong attitude too? think about that. Tacking other people's speculations is not the right way if you make speculation that makes people uncomfortable. The future of cryptocurrency is a form of speculation that has many directions, sometimes we have to repeat history. |
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yanixbtc
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May 14, 2018, 10:22:17 AM |
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It is going to stay in the longer run and will grow more as it is getting acknowledged.
Bitcoin and other cryptocurrencies cannot disappear easily I believe. It becomes useful by so many people. And in fact it is very important currency today and it will continue far longer. |
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kenziefried
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May 14, 2018, 10:24:23 AM |
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I think No, because as you see right many people use to used and earn in bitcoin. But thats only my perspective but i also think it is possible that bitcoin will this disappear in the future but be positive as long as bitcoin is here and help othe people by doing this kind of work
I also do not think so, because still bitcoin is very young and still most of the people do not know about bitcoin, i think that now the bitcoin users are increasing because its popularity is increasing throughout the world, i think that bitcoin will be the first choice for the people to use it for shopping online as well as for shopping offline. Till date bitcoin is not fully prevail in the world and you are talking about disappearance. Don’t be panic about the future of bitcoin. All other currencies will disappear in the future because of cryptocurrency, because it is better than paper and fiat currency. No need for any exchange if you want to use your bitcoin anywhere in the world. Just one click and you will pay your bills. |
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s2sallbygrace
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May 15, 2018, 01:27:48 PM |
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As far as we all know bitcoin is a strong cryptocurrency and for it to disappear that easy in the future is I think is impossible. Bitcoin may reach the lowest peak of its value but as long as the value of bitcoin keeps on growing it is merely impossible to disappear. But the truth is we can never really tell what will happen in the future because bitcoin is very popular nowadays.
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