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Author Topic: Is the future of Bitcoin uncertain?  (Read 1497 times)
serjent05
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September 11, 2022, 11:33:09 PM
 #141

that reason is not enough to say bitcoin will die after 2025. even after all bitcoins are successfully mined it will not cause bitcoin to die because the number of bitcoins is very limited and crypto users are growing. bitcoin is the most popular crypto, if bitcoin dies or is in danger of dying of course crypto will not develop this fast.

His brother plays like he knows everything when the truth is that his brother has little knowledge about cryptocurrency.  It is more likely that his brother (including many of us) may be long dead and Bitcoin is still thriving really well since Bitcoin's last mining coin will be in the year 2140 and I believe that the Bitcoin market will still continue after the last coin is mined.
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September 11, 2022, 11:52:46 PM
 #142

that reason is not enough to say bitcoin will die after 2025. even after all bitcoins are successfully mined it will not cause bitcoin to die because the number of bitcoins is very limited and crypto users are growing. bitcoin is the most popular crypto, if bitcoin dies or is in danger of dying of course crypto will not develop this fast.

His brother plays like he knows everything when the truth is that his brother has little knowledge about cryptocurrency.  It is more likely that his brother (including many of us) may be long dead and Bitcoin is still thriving really well since Bitcoin's last mining coin will be in the year 2140 and I believe that the Bitcoin market will still continue after the last coin is mined.
Agreed, there is such an understanding among the people that cryptocurrency usage after specific day will come to an end. Whenever we're teaching or briefing we should also explain them about this. Because, such an understanding will surely make the people think and stay away from it. For sure the usage will last even after the last coin is being mined.
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September 12, 2022, 05:31:50 AM
 #143

that reason is not enough to say bitcoin will die after 2025. even after all bitcoins are successfully mined it will not cause bitcoin to die because the number of bitcoins is very limited and crypto users are growing. bitcoin is the most popular crypto, if bitcoin dies or is in danger of dying of course crypto will not develop this fast.

His brother plays like he knows everything when the truth is that his brother has little knowledge about cryptocurrency.  It is more likely that his brother (including many of us) may be long dead and Bitcoin is still thriving really well since Bitcoin's last mining coin will be in the year 2140 and I believe that the Bitcoin market will still continue after the last coin is mined.
that is 18 years from now in which a long process and many things could happen, Yes we might be dead by then because our lifespan nowadays are getting shorter than the past.
Bitcoin may die or not but the truth is? we might not see this happening because we will gone before that time comes.
and indeed that His brother knows nothing about crypto and just pretending to be knowledgeable like also many of us here.
and he must not believe everything he says because they may fall in the same boat together.

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September 18, 2022, 01:45:26 PM
 #144

Nothing is certain in the future, a strong country's economy like the USA is currently experiencing inflation that has never been thought of before, Bitcoin is very volatile so that anything can happen, maybe 5 years the price can reach $ 1 million or 5 years the price can be $ 10K.
Do you think there is any point in thinking about things that are uncertain in the current conditions? Because any country party will always try to make its economy better even though it takes a long time. Likewise with Bitcoin which when more people like it and want to have it as a valuable asset, the potential for an increase in its price is much greater than a decrease although it is still possible for an unexpected decline in the market to occur.

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September 18, 2022, 08:30:10 PM
 #145

Nothing is certain in the future, a strong country's economy like the USA is currently experiencing inflation that has never been thought of before, Bitcoin is very volatile so that anything can happen, maybe 5 years the price can reach $ 1 million or 5 years the price can be $ 10K.
Do you think there is any point in thinking about things that are uncertain in the current conditions? Because any country party will always try to make its economy better even though it takes a long time. Likewise with Bitcoin which when more people like it and want to have it as a valuable asset, the potential for an increase in its price is much greater than a decrease although it is still possible for an unexpected decline in the market to occur.
Btc is uncertain even before but people keeps on speculating about it like if what will the price will be next month or next year so yes it makes sense. The current condition is gloomy because we are still in a bear run and people are expecting for more declines.

When it comes to country talks, I think not all country are trying their best to make their economy better. Now back in btc again, I think many people only care about the price of btc that when it becomes too high, they will then sell their btc holdings for some nice profits. Only a few treat it as a valuable asset that they won't think of selling it but they are keeping it as long as they can.

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September 20, 2022, 10:26:41 AM
 #146

Your brother does not have any information or knowledge of Bitcoin, and he is just making random statements. The fact that Bitcoin history and record can be traced on the blockchain and available information makes us understand that Bitcoin can never be minded even though if the 21 million Bitcoin is minded Bitcoin miners will continue to mind and get their rewards through the fees which are something their already used to.

So why should you believe the comment of your brother when he doesn't even know what is talking about read more to avoid such misunderstanding in the future.
On the contrary, the OP has a good point on this topic, it all depends on the angle at which you are viewing it. Except that such a situation will never come to life. I had thought about this many times, what if the whole 21 million BTC is mined, what would become of it? All I could say is that the already mined coins would be the ones we would have to rely upon in circulation, and might become scarce as some might be hoarding them and don't want to release theirs in possession.

This will only cause more demand for the coin and the price will continually be shooting up.

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September 22, 2022, 06:32:55 PM
 #147

People outside of crypto is uncertain about the future of bitcoin. Those who is in this financial space from the beginning saw how boats go from under 1$ to a million dollars. There will always be some haters around us and i think they are also necessary. Their critic makes investors and supports more hardened about their goal about crypto and their level of trust increases.
12 years ago the price of bitcoin was under $1000, and 4 years ago the price of Bitcoin was below $10000,
and now the price of bitcoin is at $20000, of course that's a very extraordinary thing because the price development of bitcoin is very fast,
it only takes 10 years. Bitcoin is able to go up to 10000x, and the future is still a question, how will it be in 2025? 2030? 2050? I don't know it's still a mystery

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September 22, 2022, 11:29:16 PM
 #148

Not the future, the present itself uncertain for various reasons.

  • It is hard to predict the price movements, sudden transition of market trend happens in no time
  • The market is subject to manipulation by the Whales
  • Influencers have got the ability to drive the market upward/downward with their statements connective to crypto
  • Governments and banks fear of cryptocurrency as a source of money laundering and terrorism funding
  • More scams in the name of cryptocurrency creates negativity around the market

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September 26, 2022, 10:10:08 AM
 #149

Your brother told you that because by 2025 all the Bitcoin must have been mined and as such Bitcoin will be dead. What then happens to the one that were mined before this time? Does it mean people will have to do away with their holdings. Bitcoin is decentralised and because no one controls the functionality of how bitcoin transactions are been carried out individual but collectively as nodes it will take everyone holding Bitcoin to determine the fate of Bitcoin by 2025

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September 26, 2022, 10:23:43 AM
 #150

What could be the state of Bitcoin in the future?

This is discussed all the time but I am asking this question because my elder brother said that after 2025 Bitcoin will not exist anymore and will be completely dead. He also said that after 2025 Bitcoin will not be mined so that Bitcoin will not be able to hold its own position.

So I would like to know from you how reasonable this statement is?
I see a lot of people backing up Bitcoin and saying the future is bright for bitcoin, but I have some doubts about it and the whole crypto environment, crypto is getting a lot of hate and governments are trying their best to limit it and slowly take control over it, if things keep getting regulated by the government we may see bad reaction from holders and investors and especially whales.


Although there are many restrictions from the country, but the thing that makes us optimistic about the future of Bitcoin is a very strong global community, in 2017 China has banned Bitcoin but market conditions continue to skyrocket, this proves that the country's banned will not have any impact.

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September 26, 2022, 11:17:02 AM
 #151

Btc is uncertain even before but people keeps on speculating about it like if what will the price will be next month or next year so yes it makes sense. The current condition is gloomy because we are still in a bear run and people are expecting for more declines.
I don't expect any further declines in Bitcoin because that would look even more bleak for everyone who still holds Bitcoins until now. Speculating on the price of Bitcoin is not a problem as long as it makes sense and is logical, because no one can predict what the price will be in the next month or next year on Bitcoin.

Quote
When it comes to country talks, I think not all country are trying their best to make their economy better. Now back in btc again, I think many people only care about the price of btc that when it becomes too high, they will then sell their btc holdings for some nice profits. Only a few treat it as a valuable asset that they won't think of selling it but they are keeping it as long as they can.
What you are saying is correct, because I also think there are more people selling Bitcoin at high prices to take advantage of the Bitcoins they have bought in the past or present.
I think it's also natural for people to do that because they want to make a profit and don't see Bitcoin as a valuable asset that they once owned under certain conditions.
In terms of the country's economy, I think only countries with weak governance do not care about their country's economy, because the state government that cares about its own citizens will always try to make the country's economy better.

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September 26, 2022, 02:18:46 PM
 #152

that reason is not enough to say bitcoin will die after 2025. even after all bitcoins are successfully mined it will not cause bitcoin to die because the number of bitcoins is very limited and crypto users are growing. bitcoin is the most popular crypto, if bitcoin dies or is in danger of dying of course crypto will not develop this fast.

When all the bitcoins will be mined, it means that there can be no more bitcoins in circulation. This means that the price of bitcoin will rise more and it won't become dead.
Of course, there should be demand for bitcoin. For bitcoin to be dead, there need to be some circumstances where everyone in the world stops using bitcoin because of some flaw or anything, which won't happen for sure.

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September 26, 2022, 09:39:04 PM
 #153

The future of the world is pretty uncertain, what includes bitcoin, since it will be impacted by the events happening at global level. Currently, we face war threats, economical crisis, natural changes and disasters, alarming population growth, hate and hostility increasing among people fueled by political powers and agendas... All these points make the future unclear and uncertain. Nobody can foresee what is going to happen, especially when talking about bitcoin. I believe we should expect the best, but prepared for the worst, so we can survive the harsh times with endurance until a new dawn rises again.

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October 06, 2022, 02:13:29 PM
 #154

If you look at the development and increase in prices from year to year, the future of bitcoin will be bright in the future. Moreover, if we follow a 4-year cycle, then in 2025 there should be a bitcoin halving which indicates a new ATH will occur.
The halving will be in 2024, the previous one was in 2020. Which means that the price started to go up during the period after halving, and increased even more and peaked about a month later. The biggest price was late April of 2021, and the halving was on may 10th of 2020, which is close enough.

So by logic, if the same thing is about to happen, which I do not think that the same thing will happen, then we are going to see the price start to go up on later stages of 2024 and then reach the peak close to 2025 same months give or take. That could be great but only if the history repeats itself and I feel like there is a good chance it may not do that at all.
Indeed, if it follows a 4-year cycle, the 4th bitcoin halving is expected to occur in 2024. If the 4-year cycle history repeats itself, it is predicted that bitcoin will reach a new ATH in 2025 which will be created after the halving. Therefore, although there are no guarantees, history always proves that after the halving, the price of bitcoin always reaches new all-time highs.
As far as I know the next halving will have a very small value ratio compared to now,
I don't know if it will make bitcoin bullish or not, because as the years go by, bitcoin will be more difficult to mine.
We don't know for sure what the value ratio will be when the next bitcoin halving. However, based on the previous period, when the halving usually has a positive impact on the crypto market and pushes the bitcoin price up significantly, making bitcoin bullish after the halving occurs. Moreover, when the halving occurs, miners then have less Bitcoin to sell, thus making the bitcoin price higher and setting a new ATH record.

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October 07, 2022, 05:49:21 AM
 #155

We don't know for sure what the value ratio will be when the next bitcoin halving. However, based on the previous period, when the halving usually has a positive impact on the crypto market and pushes the bitcoin price up significantly, making bitcoin bullish after the halving occurs. Moreover, when the halving occurs, miners then have less Bitcoin to sell, thus making the bitcoin price higher and setting a new ATH record.
The next Bitcoin halving on Bitcoin will indeed have an impact on the Bitcoin price which could be higher than the previous one. But what needs to be seen here is that Bitcoin miners and Bitcoin buyers in the past will also sell their Bitcoins back when they see a very large price on Bitcoin so that high prices in Bitcoin will not last long in the market.
Except the volume of buying is still much larger than selling in the market on Bitcoin.

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October 07, 2022, 09:31:28 AM
 #156

We don't know for sure what the value ratio will be when the next bitcoin halving. However, based on the previous period, when the halving usually has a positive impact on the crypto market and pushes the bitcoin price up significantly, making bitcoin bullish after the halving occurs. Moreover, when the halving occurs, miners then have less Bitcoin to sell, thus making the bitcoin price higher and setting a new ATH record.
The next Bitcoin halving on Bitcoin will indeed have an impact on the Bitcoin price which could be higher than the previous one. But what needs to be seen here is that Bitcoin miners and Bitcoin buyers in the past will also sell their Bitcoins back when they see a very large price on Bitcoin so that high prices in Bitcoin will not last long in the market.
Except the volume of buying is still much larger than selling in the market on Bitcoin.

Bitcoin that uses the concept of decentralization is certainly very dependent on demand and stock, and at this time demand is still low so that the price continues to decline, but if we look at the trend that goes globally then we must be optimistic that there will be an explosion that can make prices skyrocketed in a fast tempo .

We really have to understand that the demand for Bitcoin always decreases during a bear market, because many investors panic during
a bear market. Finally, quite a lot of investors choose to sell their Bitcoin at a low price, that will eventually make the Bitcoin price go down.
Then what makes me disappointed is that there are always investors who doubt that Bitcoin can return to the ATH price,  so many investors
panic when it's a bear market. Moreover, this year too many bad things happened. Such as high inflation, the ongoing COVID-19 pandemic,
and Russia's war with Ukraine. That's why the current bear market is worse than expected, even Bitcoin is currently very difficult to rise
above the price of $ 25k.

There are some people who predict the price of Bitcoin this year will drop to the price of $10k, although I am very sure Bitcoin will not fall that low.
Bitcoin support price is very strong, I'm optimistic Bitcoin can recover to $22k price in the near future. Why do I believe that the future of Bitcoin
will be bright, because I have faced bear markets before. Which is where Bitcoin will always recover and reach the new ATH price, even if
the Bitcoin price drops very low. So my advice is never to doubt the future of Bitcoin, and don't miss the opportunity to collect Bitcoins at low prices.
It will only hurt us if we skip collecting Bitcoins at low prices, because we can't make big profits if we don't collect as many Bitcoins at low prices.

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October 07, 2022, 12:52:56 PM
 #157

If you look at the development and increase in prices from year to year, the future of bitcoin will be bright in the future. Moreover, if we follow a 4-year cycle, then in 2025 there should be a bitcoin halving which indicates a new ATH will occur.
The halving will be in 2024, the previous one was in 2020. Which means that the price started to go up during the period after halving, and increased even more and peaked about a month later. The biggest price was late April of 2021, and the halving was on may 10th of 2020, which is close enough.

So by logic, if the same thing is about to happen, which I do not think that the same thing will happen, then we are going to see the price start to go up on later stages of 2024 and then reach the peak close to 2025 same months give or take. That could be great but only if the history repeats itself and I feel like there is a good chance it may not do that at all.
Indeed, if it follows a 4-year cycle, the 4th bitcoin halving is expected to occur in 2024. If the 4-year cycle history repeats itself, it is predicted that bitcoin will reach a new ATH in 2025 which will be created after the halving. Therefore, although there are no guarantees, history always proves that after the halving, the price of bitcoin always reaches new all-time highs.
As far as I know the next halving will have a very small value ratio compared to now,
I don't know if it will make bitcoin bullish or not, because as the years go by, bitcoin will be more difficult to mine.
We don't know for sure what the value ratio will be when the next bitcoin halving. However, based on the previous period, when the halving usually has a positive impact on the crypto market and pushes the bitcoin price up significantly, making bitcoin bullish after the halving occurs. Moreover, when the halving occurs, miners then have less Bitcoin to sell, thus making the bitcoin price higher and setting a new ATH record.
Bitcoin is a very great technology, because Bitcoin can be a revolution of a world currency, this is the reason Satoshi Nakamoto made Bitcoin,
yes it's a bit of a controversy because I'm sure if that happens then the world will definitely not like it, like America Unions and maybe USD will be threatened,
far from that Bitcoin is also still very potential in the future because it will become an important asset for the world besides gold.
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October 10, 2022, 08:39:13 PM
 #158

What could be the state of Bitcoin in the future?

This is discussed all the time but I am asking this question because my elder brother said that after 2025 Bitcoin will not exist anymore and will be completely dead. He also said that after 2025 Bitcoin will not be mined so that Bitcoin will not be able to hold its own position.

So I would like to know from you how reasonable this statement is?

If Bitcoin can't be mined, then why can't Bitcoin maintain its position? I think that the price of Bitcoin will be even higher after 2025. Because Bitcoin will be more and more scarce. My estimation is also almost the same as your brother's, that by 2025 Bitcoin will be exhausted in the mines. But I think the opposite compared to your brother. I am more convinced that the price of Bitcoin will be higher. Maybe I as a small investment player can't afford to buy Bitcoin.
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October 10, 2022, 08:56:18 PM
 #159

What could be the state of Bitcoin in the future?

This is discussed all the time but I am asking this question because my elder brother said that after 2025 Bitcoin will not exist anymore and will be completely dead. He also said that after 2025 Bitcoin will not be mined so that Bitcoin will not be able to hold its own position.

So I would like to know from you how reasonable this statement is?

If Bitcoin can't be mined, then why can't Bitcoin maintain its position? I think that the price of Bitcoin will be even higher after 2025. Because Bitcoin will be more and more scarce. My estimation is also almost the same as your brother's, that by 2025 Bitcoin will be exhausted in the mines. But I think the opposite compared to your brother. I am more convinced that the price of Bitcoin will be higher. Maybe I as a small investment player can't afford to buy Bitcoin.
They key on here is on that demand, whatever the mining rewards would be or on how scarce it would be as long the demand is keeping on increasing then expect that value would really be going high.

We cant really know on what would be the future looks like but seeing on the current community support of Bitcoin then we could or can really tell that it does have a high potential that it might last up for more decades
to come but of course as an investors, then you shouldnt really be doing that all in kind of behavior.

Always mind off about the risk because nothing is assured and everything could happen and this thing should be bared up on mind.

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October 10, 2022, 09:01:57 PM
 #160

You can as well tell your bro to. save the date and make a bet with him about what will cost a fortune in the future, many have said such disgusting and derogatory statements about Bitcoin severally, but many of them always fall back to take back their negative perception of Bitcoin.

So I will say Bitcoin will be just fine in the future no matter what happens and the truth is, bitcoin will survive many decades too. come and end up becoming a widely used alternative currency.
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