Do you sometimes think Bitcoin will fail?

[TaunSew]

It's far from being early in the game.  Bitcoin and all the alts put together is only $10 billion.  The IT bubble of the late 1990s was $7 Trillion.  Housing Bubble of 2008 was $10 trillion.  There's $2 trillion investment gold and $97 trillion investments world wide.  $400 trillion derivatives.

Very easy for crypto currencies to be $1 trillion... it's guaranteed as BTC and alts have many uses.

There's $500 billion in global remittance (foreign workers sending money home).  $1 trillion is spent on tourism and Bitcoin is a convenient way to get around cash limits at the borders and the extortion fees in exchanging.  As for gold - that weighs 25 pounds per $1 million, not something you can "bug out" with.  Whereas anything like Bitcoin or an alternate can be hosted on some cloud service on the internet and no militia or border official can steal it from you.

[Djo]

it`s normal to have doubts on bitcoin. I want to address the part you mentioned media bad rep, child porn, gambling etc... bitcoin hasn`t created that part of society it exist before bitcoin and people did that before bitcrane. Don`t think that the fact people link BTC with those ... will destroy it.

One think remains scary about bitcoin (speaking for myself), the price is too speculative, you can get over night as well as loose what all you BTC investment. I believe bitcoin will keep getting more popular till it price changes dramatically, then people will start re-thinking their opinions of BTC.

[Erdogan]

From now and years in the future, maybe five years, there will be about ten times more naysayers than users. If you are the type that follow the flock, you lose.

[superresistant]

No.

How could it fall lol ?

Don't be silly.

[albus]

No.

How could it fall lol ?

Don't be silly.

And what about if it falls but does not fail ?

I for one don't need a $10k BTC to use it

[sureman_otter]

the biggest problem with bitcoin is just getting it, if your not mining it seems really scamy just to buy a few of them, that seems to be changing a little, but it will never be mainstream if joe schmoe has to make a call and meet someone he doesn't know across town with cash to buy a bitcoin.. if they can solve that huge problem it will be very unlikely to fail, if they cant, widespread acceptance will likely not happen and will elevate the risk of crashing or failing.

[Kenshin]

There was a time when I thought bitcoin would fail. Then a friend pointed out to me how many people have invested so much money in the ecosystem. They won't let it fail.
There's a whole industry out there. There a miners, there are mining device manufacturers, chip and board creators, there are exchanges, wallet creators, physical coin makers, loan services, advisors, software developers, pools, and this is only touching the tip of the iceberg.

Put it this way - gold will fail before bitcoin. Fiat will long fail before bitcoin.

I totally agree with you. That is exactly how I think too.

I think bitcoin will be BIG. Everyone will use it.

[albus]

There was a time when I thought bitcoin would fail. Then a friend pointed out to me how many people have invested so much money in the ecosystem. They won't let it fail.
There's a whole industry out there. There a miners, there are mining device manufacturers, chip and board creators, there are exchanges, wallet creators, physical coin makers, loan services, advisors, software developers, pools, and this is only touching the tip of the iceberg.

Put it this way - gold will fail before bitcoin. Fiat will long fail before bitcoin.

I totally agree with you. That is exactly how I think too.

I think bitcoin will be BIG. Everyone will use it.

And I must add, it's not just money that has been invested in the ecosystem. Look at the major universities around the world, how students are excited about it. The MIT free bitcoin event is just one of them. All these guys are starting new businesses in the bitcoin ecosystem. Someone (sorry I don't remember where I read that) evaluated that about 20 000 persons were working on bitcoins/altcoins projects, and they are probably a good portion of the brightest minds our societies will produce in the next 5 years.

With so much brainpower invested, how could it fail?

[Bitcoin Magazine]

NEVAR!!!  to 70,000 a BTC

[LiteCoinGuy]

No.

How could it fall lol ?

Don't be silly.

that´s an optimist 

[BitsBitsBits]

I think sometimes that the hype will die off before bitcoin is properly introduced to the masses.

It seems like it's getting more popular on a daily basis but not as fast as you'd think.

We are still early on and we still need time to get bitcoins out there.

I do believe in it though and I am here to stay. Hope everyone else feels the same way cause that's what we need for btc to succeed.

[Minecache]

Bit coin is more likely to fail than succeed. The probability of failure is cited around 80% not least because it goes against the very ethos of our centuries old banking systems and the banksters don't like that.

[spazzdla]

Sometimes.. but I invested what I was willing to lose.

To the moon or bust is my plan.  I will hold till +100k and will never sell more than half.

[Noruka]

Bit coin is more likely to fail than succeed. The probability of failure is cited around 80% not least because it goes against the very ethos of our centuries old banking systems and the banksters don't like that.

68% of that statistic is made up

[Nerazzura]

I am normally optimistic, but not in a good mood right now.
BTC is too hard for common people....Too risky....Confirmations sometimes take way too long....Competing with powerful forces in banking and Gov't....Bad rep in the media....child porn....gambling...drugs....51%.........blah, blah...
Do you sometimes think Bitcoin will fail?

Please be honest, that's all.


Edit:
Confirmations sometimes take Wwwaaaaaaaaaaayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy too long
The last block was 38 minutes ago and that is "not ready for prime time" or usable in the real world......We are delusional, this thing is not working!!   

not at all, though I heard a lot about bitcoin bitcoin as rejected, bitcoin will be removed or bitcoin prices will be falling. however, the fact remains running bitcoin and demand more and more. if bitcoin will disappear, it takes a very long time.

[Erdogan]

Bit coin is more likely to fail than succeed. The probability of failure is cited around 80% not least because it goes against the very ethos of our centuries old banking systems and the banksters don't like that.

Not taking responsibility for that number. Not adding an argument. Not even spelling bitcoin right. Yeah, what a guy to listen to.

[Skele]

There are lots of bad stories, bad news, scamms and felony around Bitcoin, but it will stay still, it always does...

[Harley997]

I am normally optimistic, but not in a good mood right now.
BTC is too hard for common people....Too risky....Confirmations sometimes take way too long....Competing with powerful forces in banking and Gov't....Bad rep in the media....child porn....gambling...drugs....51%.........blah, blah...
Do you sometimes think Bitcoin will fail?

Please be honest, that's all.


Edit:
Confirmations sometimes take Wwwaaaaaaaaaaayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy too long
The last block was 38 minutes ago and that is "not ready for prime time" or usable in the real world......We are delusional, this thing is not working!!   

not at all, though I heard a lot about bitcoin bitcoin as rejected, bitcoin will be removed or bitcoin prices will be falling. however, the fact remains running bitcoin and demand more and more. if bitcoin will disappear, it takes a very long time.

Unless you are dealing with large amounts and with a sophisticated attacker it is generally safe to assume that a transaction will be confirmed once it is accepted and propagated throughout the network, especially if there is an appropriate fee attached to the TX.

[Bogleg]

Having doubt is good.

Can developer make improvement to make bitcoin better?

[bitgeek]

Nope I never feel this way. Bitcoin will eventually evolve into something better, just like windows 7  doesn't resemble DOS. When it comes to bitcoin we are still in the DOS stage.