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Author Topic: Is bitcoin dead?  (Read 110806 times)
Aamir1
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November 20, 2016, 11:00:54 AM
 #741

Bitcoin is not going to die, because technology will always pave the way for new ideas. I think there is competition also emerging from the new digital coin that also may be hard to compete with in the future but did not die.

I really don't see any competition coming for bitcoin so far, maybe in coming time there will be a coin that might challenge bitcoin but that is likely to happen as bitcoin is already quite old and it has gained a quite large community and the trust of people as well so i don't think until bitcoin lives the community would turn their faces from it.
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November 20, 2016, 12:23:05 PM
 #742

Bitcoin is not going to die, because technology will always pave the way for new ideas. I think there is competition also emerging from the new digital coin that also may be hard to compete with in the future but did not die.

I really don't see any competition coming for bitcoin so far, maybe in coming time there will be a coin that might challenge bitcoin but that is likely to happen as bitcoin is already quite old and it has gained a quite large community and the trust of people as well so i don't think until bitcoin lives the community would turn their faces from it.

As technology is keep on innovating we can't deny that there is a possibility that another coin or digital money will make bitcoins life tough for having a good competition with its service. But upon seeing and estimating the community of bitcoin, people who are using bitcoin the range is quite wider now and if there is another invention to make bitcoin dead. It will be also tough.
There is but though there's a better technology people will not transfer to others as long as the system is safe, do you think whales will support other crypto currencies when they are making consistent money in bitcoin.
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November 20, 2016, 02:31:56 PM
 #743

Others altcoins are for whales play the pump and dump, i remember eth has daily volume of 40000 bitcoins, and those hasnt made it better then bitcoin, whales made huge interest into those game. Bitcoin wont die as it has some issues to handle over time, and the crypto community does support bitcoin.
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November 20, 2016, 04:09:29 PM
 #744

Others altcoins are for whales play the pump and dump, i remember eth has daily volume of 40000 bitcoins, and those hasnt made it better then bitcoin, whales made huge interest into those game. Bitcoin wont die as it has some issues to handle over time, and the crypto community does support bitcoin.

That's the reason why bitcoin is not going to die because we are supporting it and majority of the companies do prefer to accept bitcoin.

Because it has now built a good feed back to the people and companies who accepted it and it is going to be somehow confusing.

If another alt coin will enter the scene and replace bitcoin on its position as the most being used crypto currency.

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November 20, 2016, 04:40:35 PM
 #745

Bitcoin is not going to die, because technology will always pave the way for new ideas. I think there is competition also emerging from the new digital coin that also may be hard to compete with in the future but did not die.
Well, there is no obvious connetion between you statement and argument. Technology might pave the way for something totally different from bitcoin and something that would kill it, don't you think? And my thought is that there will definitely come the time for btc death, because nothing lasts forever and everything in our world requires some additional support to exist. If people wouldn't need btc it won't be there anymore.

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The_prodigy
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November 20, 2016, 04:46:47 PM
 #746

Bitcoin is not dead bitcoin is still pumping and it will continue to increase his price it self and bitcoin is really good in market even though someone is manipulating it can't you see that the bitcoin price is going to be expensive and expensive is there any chance that bitcoin will drop after the big bump happens?
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November 20, 2016, 04:48:19 PM
 #747

Others altcoins are for whales play the pump and dump, i remember eth has daily volume of 40000 bitcoins, and those hasnt made it better then bitcoin, whales made huge interest into those game. Bitcoin wont die as it has some issues to handle over time, and the crypto community does support bitcoin.

Not sure about the crypto community supporting bitcoin or not, but i'm sure so far there was no other crypto currency made that could stand against bitcoin as a competition, no matter where there price reaches or whatever investments are done on them, but at the end of the day we know that those investments are done just with the purpose of earning more bitcoins.
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November 20, 2016, 05:14:55 PM
 #748

No its not dead .the price is fluctuating that does nt mean that bitcoin is dead .u gotta be patient and wait until its price goes up and steady .so chill and do bitcoining .kudoos Smiley

Yes!i agree!even the price of gold gets fluctuate, so dont panic if the price of bitcoins fluctuates too. It really happening even on other digital currency. Bitcoins will never die. Yes, its price may go down but it may go up again. Just pray and keep on believing on bitcoins. No one can manipulate the price of bitcoins. Dont panic and wait for its price increase. As of mow bitcoins are pumping and pumping its price up!
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November 20, 2016, 05:20:48 PM
 #749

Saying that bitcoin is dead today, is like saying internet was going to disappear ten years ago. It's impossible now, it's not a matter of trend anymore. The beginning of the revolution is finished, we are into it. Then with the ethereum given more value to the blockchain... I only hope that the price will get to the 10000$ soon hahaha  Grin
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November 20, 2016, 05:25:46 PM
 #750

Others altcoins are for whales play the pump and dump, i remember eth has daily volume of 40000 bitcoins, and those hasnt made it better then bitcoin, whales made huge interest into those game. Bitcoin wont die as it has some issues to handle over time, and the crypto community does support bitcoin.

Not sure about the crypto community supporting bitcoin or not, but i'm sure so far there was no other crypto currency made that could stand against bitcoin as a competition, no matter where there price reaches or whatever investments are done on them, but at the end of the day we know that those investments are done just with the purpose of earning more bitcoins.
Well i think many crypto communit are almost supporting bitcoin they are just killing bitcoin for their marketing strategy or like other said whales.
That can affect the value of bitcoin if someone can start killing bitcoin right now he will try to invest a large amount in bitcoin that can increase the value and then those whales will make many thread in many forums not only here in our forum almost all forum worldwide that has crypto currency section and saying that bitcoin will be crash soon because of "reason" that can affect for bitcoin.. and then they are selling bitcoin and the next it can be panic sell soon..
This is what i heard when there is a group of whales i heard in other forum..
MingLee
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November 20, 2016, 05:37:35 PM
 #751

Bitcoin is far from dead, and even though this has been said a thousand times on this forum by a ton of different people, there is still a lot of life and there are next to no signs of Bitcoin being on the verge of ending up dead. We're hitting values he haven't seen for a very long time, we are seeing more and more countries, companies and others starting to accept bitcoin, and the market is strong at first glance. So far things are definitely looking up.
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November 20, 2016, 05:43:07 PM
 #752

This is the most ridiculous I've read here forum, thread about bitcoin dying and now bitcoins dead? Can you please stop saying that bitcoin is dead, much preferably to say that you will be dead if bitcoins rise.
bamboylee
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November 21, 2016, 07:09:01 AM
 #753

Bitcoin is not going to die, because technology will always pave the way for new ideas. I think there is competition also emerging from the new digital coin that also may be hard to compete with in the future but did not die.
Well, there is no obvious connetion between you statement and argument. Technology might pave the way for something totally different from bitcoin and something that would kill it, don't you think? And my thought is that there will definitely come the time for btc death, because nothing lasts forever and everything in our world requires some additional support to exist. If people wouldn't need btc it won't be there anymore.

Only if bitcoin fails to adopt to the new technology and need. But bitcoin have solid devs and community support. So i think bitcoin will not die because of technological advancement. It may die because a new crypto is better but that there is no crypto better than bitcoin yet.
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November 21, 2016, 08:31:30 AM
 #754

Bitcoin is not going to die, because technology will always pave the way for new ideas. I think there is competition also emerging from the new digital coin that also may be hard to compete with in the future but did not die.
Well, there is no obvious connetion between you statement and argument. Technology might pave the way for something totally different from bitcoin and something that would kill it, don't you think? And my thought is that there will definitely come the time for btc death, because nothing lasts forever and everything in our world requires some additional support to exist. If people wouldn't need btc it won't be there anymore.

Only if bitcoin fails to adopt to the new technology and need. But bitcoin have solid devs and community support. So i think bitcoin will not die because of technological advancement. It may die because a new crypto is better but that there is no crypto better than bitcoin yet.
It's the community that makes it alive, in this business trust are more important than devs. Most of the coins has good devs but they lack trust..

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November 21, 2016, 09:07:53 AM
 #755

I don't think so that those whales will support other crypto's unless they think that bitcoin will die soon. They will just shift into another project that they think they are going to become another whale for that crypto. As long as it is secured and the same characteristic that they can see with bitcoins character.

We pretty much don't know who are these whales for the most part, and how they got their massive stashes of bitcoins. We could guess that they mainly consist of two groups. Namely, the first group are early adopters, many of whom were just lucky to turn up in the right place at the right time when Bitcoin cost essentially nothing to mine. The second group consists of people who deliberately obtained bitcoins either directly with fiat, or mined them, when Bitcoin already got some traction...

And what are the whales going to do in case they think that Bitcoin will die soon will largely depend on which group the majority of them belongs to

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November 21, 2016, 09:18:25 AM
 #756

Everyday we are having at least a new coin coming up. Bitcoin has been around for quite some time and it has also gained considerable popularity. Its nature of transactions has made it to spread very quickly and I don't think it is going to die any soon. I believe 100% that it is here to stay and other coins will come and go leaving it to dominate the crypto-market.
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November 21, 2016, 11:00:36 AM
 #757

Bitcoin is not going to die, because technology will always pave the way for new ideas. I think there is competition also emerging from the new digital coin that also may be hard to compete with in the future but did not die.
Well, there is no obvious connetion between you statement and argument. Technology might pave the way for something totally different from bitcoin and something that would kill it, don't you think? And my thought is that there will definitely come the time for btc death, because nothing lasts forever and everything in our world requires some additional support to exist. If people wouldn't need btc it won't be there anymore.

Only if bitcoin fails to adopt to the new technology and need. But bitcoin have solid devs and community support. So i think bitcoin will not die because of technological advancement. It may die because a new crypto is better but that there is no crypto better than bitcoin yet.
It's the community that makes it alive, in this business trust are more important than devs. Most of the coins has good devs but they lack trust..
if some coins have a trusted devs then the coin may becoming success, trust is indeed important and so does with the devs,both of this may fulfill each other in order to make such a good combination so the project will gain its potential and people will see it,it's really better than having trust or good devs

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November 21, 2016, 11:07:28 AM
 #758

Everyday we are having at least a new coin coming up. Bitcoin has been around for quite some time and it has also gained considerable popularity. Its nature of transactions has made it to spread very quickly and I don't think it is going to die any soon. I believe 100% that it is here to stay and other coins will come and go leaving it to dominate the crypto-market.
that's right there's no reason that bitcoin will be dead we all know every single day theres a new investor in this crypto currency called bitcoin and every investor the price of bitcoin grows so fast that's why in the next 5 years i believed in bitcoin that it will be our first digital currency that will be primarily used in everyday life.
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November 21, 2016, 01:06:00 PM
 #759

Everyday we are having at least a new coin coming up. Bitcoin has been around for quite some time and it has also gained considerable popularity. Its nature of transactions has made it to spread very quickly and I don't think it is going to die any soon. I believe 100% that it is here to stay and other coins will come and go leaving it to dominate the crypto-market.
that's right there's no reason that bitcoin will be dead we all know every single day theres a new investor in this crypto currency called bitcoin and every investor the price of bitcoin grows so fast that's why in the next 5 years i believed in bitcoin that it will be our first digital currency that will be primarily used in everyday life.
Maybe the right word is died since bitcoin has died before and has risen. It's us who make this alive and we are making great effort that resulted to current progress of bitcoin we see. It was not dead because it's so alive now, I reap the benefits of my trust with bitcoin so it's valuable to me.
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November 21, 2016, 01:13:25 PM
 #760

Everyday we are having at least a new coin coming up. Bitcoin has been around for quite some time and it has also gained considerable popularity. Its nature of transactions has made it to spread very quickly and I don't think it is going to die any soon. I believe 100% that it is here to stay and other coins will come and go leaving it to dominate the crypto-market.
that's right there's no reason that bitcoin will be dead we all know every single day theres a new investor in this crypto currency called bitcoin and every investor the price of bitcoin grows so fast that's why in the next 5 years i believed in bitcoin that it will be our first digital currency that will be primarily used in everyday life.
Maybe the right word is died since bitcoin has died before and has risen. It's us who make this alive and we are making great effort that resulted to current progress of bitcoin we see. It was not dead because it's so alive now, I reap the benefits of my trust with bitcoin so it's valuable to me.
I think we do not know what will happen in the future.. but i agree that bitcoin will not die because in my own reason that many people or holders or investors are forgot their wallet or lose their bitcoin and send in the wrong address so those bitcoin i think will never touch or even sell it to exchange site. so if many people are selling bitcoin that bitcoin going to die i think bitcoin will still have a value because of this..
And i think there someone investors will still believe that bitcoin will alive again back and he will buy more bitcoins to support bitcoin.

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