bitcoinmasterlord
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September 01, 2015, 12:46:10 PM |
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i think bitcoin can survive for decades or centuries imo it still just facing issues now as what i can see  The only way that bitcoin could actually die would be if nobody was willing to operate the mining infrastructure. Bitcoin is not dying, it is only in its baby steps. The reason why people instantly assume that bitcoin may be dying or is dead is because of the extremely volatile price. Since the MtGox crash in 2013 the prices have been on a decline. This is purely due to the numbers coming back to where they are supposed to be. |
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tommorisonwebdesign
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September 01, 2015, 06:35:59 PM |
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Imagine the capital that needs to be solidly into bitcoin to push the price to 100 billion..... does it feel like that kind of money is running into bitcoin, or even close? No way in hell this thing is going anywhere for a long time.
I always thought the halving will be the catalyst, however, I think the number of coins mined has nothing to do with the current price. So halving will do nothing, if anything it will tank after the halving.
There will be nothing new in bitcoin land unless bitcoin itself improves in a way that a whole lot of people will value. I see nothing on the horizon that is that type of improvement. Nothing. It will happen, but I think we are 5-10 years from anything significant changing.
Although I mostly agree with everything you said, but that last point about the lack of future significant improvements which I simply can't. The logic behind my disagreement is quite simple, that is, you never know for sure what future holds. The history always repeats itself, something entirely unexpected happens all the time... And it seems to be the only thing which can be taken as granted... I agree. I am sure Bitcoin will really catch on within five years time. The blockchain technology has a lot of potential and once people see the value Bitcoin has, the price will go up. Things take time to catch on though. |
Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
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Nasus
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September 01, 2015, 07:14:15 PM |
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Imagine the capital that needs to be solidly into bitcoin to push the price to 100 billion..... does it feel like that kind of money is running into bitcoin, or even close? No way in hell this thing is going anywhere for a long time.
I always thought the halving will be the catalyst, however, I think the number of coins mined has nothing to do with the current price. So halving will do nothing, if anything it will tank after the halving.
There will be nothing new in bitcoin land unless bitcoin itself improves in a way that a whole lot of people will value. I see nothing on the horizon that is that type of improvement. Nothing. It will happen, but I think we are 5-10 years from anything significant changing.
Although I mostly agree with everything you said, but that last point about the lack of future significant improvements which I simply can't. The logic behind my disagreement is quite simple, that is, you never know for sure what future holds. The history always repeats itself, something entirely unexpected happens all the time... And it seems to be the only thing which can be taken as granted... I agree. I am sure Bitcoin will really catch on within five years time. The blockchain technology has a lot of potential and once people see the value Bitcoin has, the price will go up. Things take time to catch on though. 5 years is a awful lot of time to even bother with. Yeah, some people are willing to wait it out. I am too, but I rather just forget bitcoin all together then, and have someone email me as a reminder to tune in then. |
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Miss Fortune
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September 02, 2015, 02:52:49 AM |
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i think bitcoin can survive for decades or centuries imo it still just facing issues now as what i can see The only way that bitcoin could actually die would be if nobody was willing to operate the mining infrastructure. Bitcoin is not dying, it is only in its baby steps. The reason why people instantly assume that bitcoin may be dying or is dead is because of the extremely volatile price. Since the MtGox crash in 2013 the prices have been on a decline. This is purely due to the numbers coming back to where they are supposed to be. Its taken 2 years to recover apparently. And its still going, so I assume when we have a better exchange that helps us out or some other major adoption will help. |
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acroman08
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September 02, 2015, 03:23:34 AM |
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I dont think so. In our country (philippines) bitcoin is growing really fast, and now more company are accepting bitcoin as a payment. So I wouldn't worry bit coin being dead because it wont.
Bitcoin may have a few set backs it'll rise again. |
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MinerHQ
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September 02, 2015, 03:55:35 AM |
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I dont think so. In our country (philippines) bitcoin is growing really fast, and now more company are accepting bitcoin as a payment. So I wouldn't worry bit coin being dead because it wont.
Bitcoin may have a few set backs it'll rise again. It is good here that many businesses are started accepting bitcoins. It is good news in future prices may not volatile so much |
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letyouearn
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September 02, 2015, 04:03:51 AM |
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I think , when peoples stop comparing the bitcoins with fiat currency and use it as only bitcoin. Then there is some chance that bitcoin prices will go higher.
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HarHarHar9965
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September 02, 2015, 04:19:04 AM |
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I think , when peoples stop comparing the bitcoins with fiat currency and use it as only bitcoin. Then there is some chance that bitcoin prices will go higher.
that can only happen when bitcoin ensures its own value in the hearts of people, and that is possible when bitcoin is given either equal importance or more preference as compared to fiat. Now that only take place when there is mass adoption and all people would want bitcoin equally as much as fiat or vice versa, which is a great scenario as compared to 'replacing' fiat completely because that is highly unlikely. |
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letyouearn
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September 02, 2015, 05:05:56 AM |
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I think , when peoples stop comparing the bitcoins with fiat currency and use it as only bitcoin. Then there is some chance that bitcoin prices will go higher.
that can only happen when bitcoin ensures its own value in the hearts of people, and that is possible when bitcoin is given either equal importance or more preference as compared to fiat. Now that only take place when there is mass adoption and all people would want bitcoin equally as much as fiat or vice versa, which is a great scenario as compared to 'replacing' fiat completely because that is highly unlikely. I still remember those days when btc was $1000 above and I was a newbie struggling for earning some bitcoins from faucets. Those days are really a golden one. I still cannot understand that what is the exact reason for decrease in btc prices so low. |
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HarHarHar9965
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September 02, 2015, 05:18:20 AM |
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I think , when peoples stop comparing the bitcoins with fiat currency and use it as only bitcoin. Then there is some chance that bitcoin prices will go higher.
that can only happen when bitcoin ensures its own value in the hearts of people, and that is possible when bitcoin is given either equal importance or more preference as compared to fiat. Now that only take place when there is mass adoption and all people would want bitcoin equally as much as fiat or vice versa, which is a great scenario as compared to 'replacing' fiat completely because that is highly unlikely. I still remember those days when btc was $1000 above and I was a newbie struggling for earning some bitcoins from faucets. Those days are really a golden one. I still cannot understand that what is the exact reason for decrease in btc prices so low. The price I remember being so low was similar when Gox existed, but even after that being gone, I think it also has a lot to do with Mining conundrum. Miners deserve more money than what they get, man. Why will they still mine then? More drama with Core vs XT and the whales constantly making their waves creating bubbles and crashes. Dayum. |
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BigSirko
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September 02, 2015, 05:24:46 AM |
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 It's in a museum now so I would say so.  I think tulip mania only lasted for maybe two years or less? Bitcoin is still going on strong hitting year 7 and it technically won't die as long as someone hosts a NODE for it. Still I don't see Bitcoin going anywhere since the media's FUD campaign against it is very effective. They even resorted to lies like "Bitcoin CEO kills herself" or saying Mark Karepeles invented Bitcoin. A lot of yellow journalism against Bitcoin. |
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mrhelpful
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September 02, 2015, 06:58:26 PM |
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It's in a museum now so I would say so. I think tulip mania only lasted for maybe two years or less? Bitcoin is still going on strong hitting year 7 and it technically won't die as long as someone hosts a NODE for it. Still I don't see Bitcoin going anywhere since the media's FUD campaign against it is very effective. They even resorted to lies like "Bitcoin CEO kills herself" or saying Mark Karepeles invented Bitcoin. A lot of yellow journalism against Bitcoin. at least now, you can say legit youre part of a historic event. since its in a "museum" lol. This just reinforces that this can be a potential new version of the tulip mania, just lasting a bit longer. |
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gentlemand
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Welt Am Draht
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September 02, 2015, 07:18:05 PM |
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I still remember those days when btc was $1000 above and I was a newbie struggling for earning some bitcoins from faucets. Those days are really a golden one.
I still cannot understand that what is the exact reason for decrease in btc prices so low.
Not enough demand. That's the only reason that counts. General disillusionment is a factor too. It would be very interesting to see what would've happened if Gox had continued to function and China had left the market to it. |
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techgeek
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September 02, 2015, 09:53:26 PM |
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I still remember those days when btc was $1000 above and I was a newbie struggling for earning some bitcoins from faucets. Those days are really a golden one.
I still cannot understand that what is the exact reason for decrease in btc prices so low.
Not enough demand. That's the only reason that counts. General disillusionment is a factor too. It would be very interesting to see what would've happened if Gox had continued to function and China had left the market to it. that demand will everntually come some where though. If gox was still up, I think people would still be buying.. there was so many people thinking it was going to go over $1k.. all that hype.. good old days lol. |
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Wapinter
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September 02, 2015, 10:02:56 PM |
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The more people use bitcoin,the more it becomes stronger.Prices may go down but it value would always be higher compared to fiat money of many countries
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lissandra
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September 02, 2015, 10:37:58 PM |
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The more people use bitcoin,the more it becomes stronger.Prices may go down but it value would always be higher compared to fiat money of many countries
it becomes stronger? I dont know about that man. you can see how price movments are based on whales not us regular small time users. The value goes based on manipulation 90% of time seeing from bitcoin history. |
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Wapinter
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September 02, 2015, 11:00:08 PM |
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The more people use bitcoin,the more it becomes stronger.Prices may go down but it value would always be higher compared to fiat money of many countries
it becomes stronger? I dont know about that man. you can see how price movments are based on whales not us regular small time users. The value goes based on manipulation 90% of time seeing from bitcoin history. When this era of "give away" is gone and most of the coins are mined,bitcoin will become more stable and hence strong |
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luciann
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September 03, 2015, 12:43:57 AM |
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I think the fiat era is been over.
Most people are too drugged up on their own dellusions though and waiting for hope. Some people see things differently I understand but many are uneducated on what fiat money really is lol. So bitcoin users like us will profit pretty healthy.
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HarHarHar9965
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September 03, 2015, 04:20:19 AM |
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The more people use bitcoin,the more it becomes stronger.Prices may go down but it value would always be higher compared to fiat money of many countries
it becomes stronger? I dont know about that man. you can see how price movments are based on whales not us regular small time users. The value goes based on manipulation 90% of time seeing from bitcoin history. When this era of "give away" is gone and most of the coins are mined,bitcoin will become more stable and hence strong Every situation invites more speculation, the reason bitcoin is functioning right now is because there are opportunities for bitcoin to be given away, and people are earning bitcoins over the internet to support their life, that is the reason bitcoin is functioning. When there wouldn't be such opportunities, I think bitcoin would be demoralized and disregarded long before coins even get an opportunity to be mined maturely. |
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Amph
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September 03, 2015, 07:03:19 AM |
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The more people use bitcoin,the more it becomes stronger.Prices may go down but it value would always be higher compared to fiat money of many countries
well transaction volume is still there no real increase, so we are not making any progress from that side, bitcoin simply need more time to grow and it should detach it self from dirty and criminal use in some way, but if everytime there is a bad news we fall of 33%, then we are a bit doomed.. |
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