Bitcoin longevity

[erikjoy]

Bitcoin is a technology and technology does not last forever. [There must be a new technology better than Bitcoin, so evolved human]

Bitcoin is a software protocol. It can be updated/upgraded throughout the years to make sure it remains relevant and that's exactly what has been happening.

Another important aspect is that in the crypto world having "better" alternatives doesn't mean they will surpass the "older" protocols. Bitcoin is still the top dog. Ethereum is firm second, where in both cases there are "better" alternatives but they fail to convert that into success because it has little meaning here. It has proven to be nearly impossible to gain ground as new project, and another thing is that the majority of the projects that do pop up nowadays are centralized.

Innovation is what makes Bitcoin stronger than other coins. The altcoins are quite stagnant and many of them don't last for much longer than their first speculative run. Once everyone turns a quick profit they dump it and look for a new opportunity.

Bitcoin has stood up to this test so far. It went on several big runs, and it's still standing on it's own. Yet another run like that seems a bit doubtful at this point, but we never know. Bitcoin continues to surprise.

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[pluMmet]

The next five months, that is, before the end of this year, should show what will happen to bitcoin in the future.

The next five years is rather too short for the strong competition I believe you are talking of. For certain people, it could seem as if bitcoin is losing its popularity because price has not pumped but I don't think this is exactly the true situation. The digital currency is facing greater challenges this year because of the soaring price from last year and so, many questions are being asked.

What's dangerous here is that, if your bitcoin cryptoCurrency is exposed to malware, then the bitcoin in the wallet can be hacked by irresponsible people. The risk of being accidentally erased is also susceptible to be experienced by bitcoi owners so that when it happens it cannot be traced to where it is lost. People who are experts in the field of computerization can also be very vulnerable to stealing bitcoin money stored in the wallet.

[fire rab1]

the longevity of bitcoin is a worrying topic since the day it was born in 2009. every year we have the same speculation. decentralized money is always discouraged by government policies .  but due to the improved softwares and technical knowledge this is being accepted widely and certain Mnc's have started accepting it due to their growing demand.so fingers crossed still I feel it is going to be one of the most successful innovations of man.

[jrrsparkles]

I do not know about you, but I still see that bitcoin is losing its popularity and losing its dominant value among the crypto currency. Perhaps this is temporary, we'll see. However, while bitcoin is far from being in better shape and lags far behind many coins in technical characteristics and functional capabilities.
The next five months, that is, before the end of this year, should show what will happen to bitcoin in the future.

Bitcoin is losing its value in terms of price but it is gaining dominance for the few days and it already passed 50% which maybe the most all time high of this year,so bitcoin is most trusted by others when comparing others,we may see another good run in the end of the year due to many factors.

[BitHodler]

Bitcoin is losing its value in terms of price but it is gaining dominance for the few days and it already passed 50% which maybe the most all time high of this year,so bitcoin is most trusted by others when comparing others,we may see another good run in the end of the year due to many factors.

Bitcoin isn't losing or gaining value. Coins tied to Bitcoin do. 1BTC = 1BTC.

It's not the best thing to add so much importance to Bitcoin's dominance in terms of its market cap. Altcoins are similar to leveraged positions which make them go up and down way beyond Bitcoin's price movements.

If we indeed happen to see a somewhat decent increase this year, it will pump altcoins back to where they started before the recent decline, and who knows what an altcoin season (if it still exists) is capable of doing.

Fact is that the whole crypto industry has not been innovative enough this year, which is quite a shame. It's like the bear market has completely covered this industry with so much negativity, that not much seems to happen.

[alex.ac.ab]

It seems to me that the crypto currency will eventually remain only on the Internet and that's it.

[erikjoy]

Bitcoin is losing its value in terms of price but it is gaining dominance for the few days and it already passed 50% which maybe the most all time high of this year,so bitcoin is most trusted by others when comparing others,we may see another good run in the end of the year due to many factors.

Bitcoin isn't losing or gaining value. Coins tied to Bitcoin do. 1BTC = 1BTC.

It's not the best thing to add so much importance to Bitcoin's dominance in terms of its market cap. Altcoins are similar to leveraged positions which make them go up and down way beyond Bitcoin's price movements.

If we indeed happen to see a somewhat decent increase this year, it will pump altcoins back to where they started before the recent decline, and who knows what an altcoin season (if it still exists) is capable of doing.

Fact is that the whole crypto industry has not been innovative enough this year, which is quite a shame. It's like the bear market has completely covered this industry with so much negativity, that not much seems to happen.

Yes exactly. The value will always hold its value in consideration against itself. But if you want to compare it with something else, like the dollar for instance, you might notice that it has decreased since last December.

So what?

It has increased significantly if you don't look at the peak from the winter. Average it out and you'll see that it's still up. The reason why we still see slow action right now is just because no one sees any good reason for getting it going at the moment. Everyone is still thinking about what happened in the past.

[Aikidoka]

When "demand" for Bitcoin rises, the price of Bitcoin rises. If "demand" is lacking, prices will go down. That's the opposite. Unlike matawang fiat or escort. Prices and values can be escorted by parties in power or manipulated by certain parties.

As for now, I reckon there is no much demands on the market. It is not that bitcoin has lost its popularity and it is going to die. Even altcoins are facing the same thing. But it is because the big investors are dominating the price and they are manipulating it. Added to that statement, people are afraid of bitcoin. They just want to sell their coins before it continues to drop, and that is a wrong choice, indeed. That is why people need to be patient.

[1Referee]

Fact is that the whole crypto industry has not been innovative enough this year, which is quite a shame. It's like the bear market has completely covered this industry with so much negativity, that not much seems to happen.

That may be true, but we can't really blame crypto for that. It wasn't supposed to grow this large this soon. The main thing here is that the bull run of last year exposed Bitcoin's and Ethereum's weaknesses as largest protocols.

It's safe to say that there is no way for them to scale within a reasonable period of time to meet user demand on the higher peak levels. On a more positive note; because of their limitations that have been exposed, we now at least have seen an acceleration in the development of scaling solutions, while without last year's bull run it could have taken a few more years to come to that same conclusion.

In other words, we have saved ourselves a couple of years of time that can now be spent figuring out other useful implementations and such.

[sheenshane]

When "demand" for Bitcoin rises, the price of Bitcoin rises. If "demand" is lacking, prices will go down. That's the opposite. Unlike matawang fiat or escort. Prices and values can be escorted by parties in power or manipulated by certain parties.

As for now, I reckon there is no much demands on the market. It is not that bitcoin has lost its popularity and it is going to die. Even altcoins are facing the same thing. But it is because the big investors are dominating the price and they are manipulating it. Added to that statement, people are afraid of bitcoin. They just want to sell their coins before it continues to drop, and that is a wrong choice, indeed. That is why people need to be patient.

Yes, not only bitcoin had to face this problem now also altcoins too because they rely on bitcoin price, and it must more worst if investors are afraid to invest in bitcoin it becomes more demands that make a negative effect on the market.
ETF implementation is not to make bitcoin more dominance in the market is just a normal protocol that's might people use in the future and it was also a leak of manipulating the crypto.

[hacekd]

The next five months, that is, before the end of this year, should show what will happen to bitcoin in the future.

The next five years is rather too short for the strong competition I believe you are talking of. For certain people, it could seem as if bitcoin is losing its popularity because price has not pumped but I don't think this is exactly the true situation. The digital currency is facing greater challenges this year because of the soaring price from last year and so, many questions are being asked.

What's dangerous here is that, if your bitcoin cryptoCurrency is exposed to malware, then the bitcoin in the wallet can be hacked by irresponsible people. The risk of being accidentally erased is also susceptible to be experienced by bitcoi owners so that when it happens it cannot be traced to where it is lost. People who are experts in the field of computerization can also be very vulnerable to stealing bitcoin money stored in the wallet.

Bitcoin virtual currency is indeed stored in digital files with storage media called wallet files. In the real world this wallet file is called the cash storage turnover. The wallet is stored on the electronic device's hard disk so that if it is damaged or exposed to the virtual money virus, bitcoin stored in the wallet is very susceptible to just disappear without being able to search.

[DrYe5]

that means it will never fall / die, there is bitcoin will grow and bitcoin users will increase, especially with the development of the increasingly advanced internet-internet has entered the village, so it is possible that bitcoin users will spread to regions.

In this time bitcoin has that big amount of users which are still investing and making any moves using it that the death of bitcoin is almost impossible for me.

[Girlsbit]

Bitcoin will have a long time playing in the market and trying to improve the situation.

[entrepmind23]

As for now, I reckon there is no much demands on the market. It is not that bitcoin has lost its popularity and it is going to die. Even altcoins are facing the same thing. But it is because the big investors are dominating the price and they are manipulating it. Added to that statement, people are afraid of bitcoin. They just want to sell their coins before it continues to drop, and that is a wrong choice, indeed. That is why people need to be patient.

People are just not that excited anymore to invest in bitcoin because of their experience for the past few months. Most of those who lost hope are those who invested near all time high and the value of their coins are just 1/3 of its value last year. This is just disappointment but an eye opener too for the investors not to expect that much for the next bull run and they would consider taking profit which most people didn't do last year even though it is clear that there is an impending downfall of the price.

Bitcoin will have a long time playing in the market and trying to improve the situation.

Bitcoin would still exist for a long time as long as there is a demand for it and people can continue to profit from it. There may come a time when there is a another that would replace it but for now, it seems that it is still the driver of the coins and wherever it goes, others follow suit.