will bitcoin become obsolete?

[BitcoinPanther]

Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.

Is it possible that bitcoin will be obsolete in the future?

I would never argue on this, for to be obsolete has no time frame. In fact, a lot of things in the past decade alone that changed the way we interact with each other (and also called revolutionary technology, just as blockchain and bitcoin) has become obsolete.

Take the case for instance of PDAs who first sports the trusty stylus. Palm Pilot was not able to budge a bit as they face extinction even though they revolutionized the way we interact with collective data.

And how about paid emails? A very promising profitable industry that went down the drain with the advent of gmail who simply gave away nearly unlimited mailbox space.

Remember dial-up? The cranky noise it creates that nearly last a minute or so was music to our ears just to go online!

All these revolutionary technology went obsolete in just a decade or so. So there's no telling how much time blockchain and bitcoin have.

Nonetheless, as bitcoin proves to be a store of value, we might enjoy it a little longer than others are predicting.

[xuzukami]

I do not think that can happen. If not, now and years later. The electronic money market can be said to be of interest to many investors. The evidence is that market capitalization for many years has always increased in proportion. Many countries in the world have a more comprehensive view. They have seen the future of Bitcoin not only stop here.

[flash101k]

Blockchain will be one of the platforms supporting future services, and many say that Blockchain is the technology of the future. If the prospect of Blockchain grows fast, Bitcoin's early technology will be flawed, and I think you Bitcoin can end.

[killerfrost]

I think bitcoin is still not out of date. Bitcoin is still the best electronic currency. Bitcoin prices remain high. Many investors still choose bitcoin for long-term development.

[crossabdd]

actually I don't think at this time (bitcoin is obsolete), but reading your thread is interesting. 90% of technology has progress in making better. for example: machine type -> pc pentium -> pc core -> laptop.
or android phone with OS version, Alpha -> Beta-> Cupcake -> Donut -> eclair -> froyo, until now OS Oreo. I think Bitcoin will be like that, has a replacement but the operating system remains Blockchain. and bitcoin first became obsolete.

[Dianafangki]

I think bitcoin is still not out of date. Bitcoin is still the best electronic currency. Bitcoin prices remain high. Many investors still choose bitcoin for long-term development.

very true for now, I tend to see that legality will really make bitcoin increasingly marginalized, so what happens now is very positive, bitcoin will become obsolete if some altcoins can take volume with holders that continue to increase, this altcoin can also be large if the government legalizes it, the analogy is if the one given official attention is Tether, then the volume of bitcoin will change very quickly towards them.

[Ntaa]

I don't think so. We all know that bitcoin is one of the technological developments.
So in my opinion bitcoin will continue to develop and even be used by people around the world.
I'm sure Bitcoin will continue to exist and will continue to develop.

[Tory-Tory]

Bitcoin's blockchain are already obsolete in the present. But everyone considers bitcoin a valuable asset, so its price is what we see now.

[annaso]

Bitcoin will remain king for a very long time.  Bitcoins strength is that Is was first. Massive first mover advantage and network effect.
The key I think is that people see value in buying small portions of one Bitcoin to enter the market and use it as a currency. Time will tell of course. Personally, I glad to be part of it at this early stage.

[R. Hasan]

Every beginning has an ending. Nothing lasts forever, as they say.Technology is constantly evolving and everything which is now new or latest will become obsolete in near future including Bitcoin.
But let's not think about how or when the blockchain technology ends as long people keep using it.

[Adeforever]

If you are trying to describe bitcoin as obsolete I can say you are referring to it as something often by preference for something newer, which replaces the subject. As gold is ancient antique, so as bitcoin will be

[zarintasnim]

Bitcoin is most famous cryptocurrency in all over the world. Bitcoin will never obsolete and it will never end and on one kill bitcoin. Bitcoin will stay like cryptocurrency king.

[delphic]

If, as is customary to compare bitcoin with gold, the technology of its production and operation may be outdated,but bitcoin itself is not.A new,more efficient system will be developed, maybe he just needs it.Of course,new players will constantly appear on the exchange, but it should remain as the main model.Too much depends on him already.

[bp124]

NO! How can you even imagine that bitcoin will become obsolete. The net worth of bitcoin is over billions of dollars and do you think such an amount can just vanish into thin space like that?

[Crystal24]

Bitcoin is the most popular of all other cryptocurrency and on its way to being generally accepted as a payment medium.
So its not going obsolete in the nearest future.

[liseff3]

Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.

Is it possible that bitcoin will be obsolete in the future?

Bitcoin currency, will definitely be obsolete in the future but we don't know when that thing will happen. Meanwhile blockchain's a technology that will continue to be used by several small and large companies, private property and government, for example banking. That way the blockchain technology will not be obsolete.

[boy130]

Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.

Is it possible that bitcoin will be obsolete in the future?

Well, probably yes and but I don't think cryptocurrencies will be obsolete as well. Perhaps bitcoim will be only replace by another coin like eth which is closest behind of bitcoin. Crypto world is so unpredictable so we couldn't tell yet on what future of bitcoin will have. Hence, we should maximize the usage of bitcoin as long as we can because we cannot bring back the time.

I definitely, agree with you on this. Its quite likely for Bitcoin to be replaced by another coin like Ethereum for instance but I think this will take some time as at the moment the sentiment towards BTC is still quite high.

[Fmradio98]

Everything can wind up out of date in the long run. In the event that by "future" you mean 40 years to come or more.yes it can. it's possible that Bitcoin probably won't be near, yet in the event that you mean 5 years at that point I'd state the odds are exceptionally thin.

[killerfrost]

I think bitcoin will be outdated in the future. There are now many new coin appearances with much better features than bitcoin. They are invested by many people such as Ethereum and NEO. Then bitcoin will be forgotten nobody noticed.

[Aponkye1]

Never! how can you even imagine that bitcoin will become obsolete when the world is gradually moving into a cashless system where they will be using these major cryptocurrencies to be making payments for transaction. Bitcoin will not be obsolete.