Bitcoin eventually disappear... | Bitcointalksearch.org

cosmofly

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Quote from: Agraoleom on October 02, 2017, 01:46:36 PM

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

No, I think those who lost bitcoins are making the value of BTC increase. because scarce things are always sought and wanted by people.
Bitcoin will take more than 100 years to exploit the rest, and you know, those who lose it will regret it in the next 10 years.

Vishnu.Reang

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Quote from: pinkman12345 on June 29, 2019, 07:38:11 AM

All efforts that tend to diminish the domination of bitcoins so far has been proved futile. The more they try to supress btc the more giant it grows.

Please check the charts. The dominance has decreased by more than 4% during the last 7-8 days from 71.5% to 67.2%. I am not sure whether this spike will continue in the near future, but this is the biggest jump in altcoin market share so far this year. And it happened very quickly as well. For me, it looks like a temporary spike and I expect the dominance to go back to 70% plus within the next few weeks.

TIDOVEE

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As the price decreases, all bitcoin in ones account shrinks as you have said and it becomes ridiculously valueless, but for those who have a large amount in their account bitcoin will not disappear, what will be the essence of all their investments. There are some coins that have actually suddenly left market maybe because after paying up the participants they have little left and thereby close up the account.

paynercash

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maybe bitcoin will disappear, but until BTC disappears, will the earth still exist? With the pollution and destruction of people, even the earth I do not believe it will last forever, let alone BTC.

ifinta

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Quote from: Agraoleom on October 02, 2017, 01:46:36 PM

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

It is a simple step in a development, to break satoshi's to smaller units, and then the amount of the smallest unit can be restored, if needed...

thisappointed

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Quote from: ?? on ??

Quote from: Agraoleom on October 02, 2017, 01:46:36 PM

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

we don't know whether bitcoin will continue to number 1 or it may disappear. just pray. because the coins that still survive and must always be there and the increase in bitcoin will always continue.

The remaining bitcoins we have is only limited, and if I'm not wrong, the article I've read says that we can't mine more, so based on that, I conclude that there is the time where bitcoin will disappear, I mean not totally disappear but it doesn't have a price anymore. I've been in this group where "Pro" people in cryptocurrencies especially Bitcoins says that bitcoin won't last forever, and that goes to everything we have on this world.

Everything must come to an end because that is how it works, everything here is not permanent, we are going to die, and so everything.

senin

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Quote from: noormcs5 on June 30, 2019, 07:53:23 AM

Quote from: mbluxs on June 28, 2019, 11:23:41 AM

Quote from: Wellyan on June 16, 2019, 04:38:40 PM

Quote from: coin-investor on June 10, 2019, 09:06:49 AM

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

right what you convey crypto or bitcoin currency is growing or missing it depends on the government and the investor itself so if the investor doesn't trade bitcoin again and the government forbids it hard maybe also b itcoin will disappear

I am still so sure that crypto and bitcoin will last a long time. although sometimes the government prohibits the circulation of bitcoin in every country. but even though many governments disagree, there are still many people who have used it to date.

Its strange to see that many people still believe that bitcoin is a bubble or temporary currency and it will fade away with time. This is not going to happen. Come back here in 10 years time and you will see bitcoin the main currency and fiat being eliminated or being very less used.

Well, they say that the big is seen in the distance. Cryptocurrency still existed too little to talk about the term of its use by humans. However, in its current form, cryptocurrency cannot exist for a long time, since it has a lot of shortcomings and unsolved problems. It will either transform into something more perfect, or it will degrade. This generally applies to bitcoin. If it will still be mined until about 2140, by this time there will still be a lot of events that will affect its existence. Therefore, to talk about what will happen to Bitcoin in a hundred and twenty years is still very early and, apparently, these will obviously not be our problems.

Tylev

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It seems to me that we should not worry about the disappearance of Bitcoin due to human errors. Of course, so that we do not, but human errors will still be, and the number of working bitcoins will inevitably decrease over time. However, these bitcoins do not disappear, they remain encrypted in the blockchain and there will always be an opportunity to decrypt them with the inevitable growth of technology. However, even if this does not happen, the very development of cryptocurrency also seems to us a way out of this situation and, most likely, cryptocurrency will be transformed into something more perfect.

noormcs5

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Quote from: mbluxs on June 28, 2019, 11:23:41 AM

Quote from: Wellyan on June 16, 2019, 04:38:40 PM

Quote from: coin-investor on June 10, 2019, 09:06:49 AM

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

right what you convey crypto or bitcoin currency is growing or missing it depends on the government and the investor itself so if the investor doesn't trade bitcoin again and the government forbids it hard maybe also b itcoin will disappear

I am still so sure that crypto and bitcoin will last a long time. although sometimes the government prohibits the circulation of bitcoin in every country. but even though many governments disagree, there are still many people who have used it to date.

Its strange to see that many people still believe that bitcoin is a bubble or temporary currency and it will fade away with time. This is not going to happen. Come back here in 10 years time and you will see bitcoin the main currency and fiat being eliminated or being very less used.

umbara ardian

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Quote from: ?? on ??

we don't know whether bitcoin will continue to number 1 or it may disappear. just pray. because the coins that still survive and must always be there and the increase in bitcoin will always continue.

Some people new on cryptocurrency have unstable peforma on they mind, they can't predict what they do on they asset next. so, that noted they will pesimistis to be number 1 or dissapear on the future. we need strong hand here.

btc_angela

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Quote from: ?? on ??

Quote from: Agraoleom on October 02, 2017, 01:46:36 PM

There will be a fixed number if Bitcoins, and people, because of human error, will accidentally lose Bitcoins every now and then.

This must mean that Bitcoin will eventually seize to exist? Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

Is this correct?

we don't know whether bitcoin will continue to number 1 or it may disappear. just pray. because the coins that still survive and must always be there and the increase in bitcoin will always continue.

What has prayers have to do with BTC remaining as the top dog of crypto market? So please, if you are looking for some higher powers here, it's wrong. The price is up to all of us, what price are you willing to sell? or buy?

Janation

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Quote from: ?? on ??

we don't know whether bitcoin will continue to number 1 or it may disappear. just pray. because the coins that still survive and must always be there and the increase in bitcoin will always continue.

Prayers can't do anything.

If you want to, you can do that but I don't think it will make Bitcoin "continue to number 1". If the demand for Bitcoin depends on the prayers of the users they've made, then I think that would work out. It is the most popular and most expensive cryptocurrency in the market, I don't think people will let that profit generator go down like that.

pinkman12345

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All efforts that tend to diminish the domination of bitcoins so far has been proved futile. The more they try to supress btc the more giant it grows.

Best Dreams

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Quote from: mbluxs on June 28, 2019, 11:23:41 AM

Quote from: Wellyan on June 16, 2019, 04:38:40 PM

Quote from: coin-investor on June 10, 2019, 09:06:49 AM

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

right what you convey crypto or bitcoin currency is growing or missing it depends on the government and the investor itself so if the investor doesn't trade bitcoin again and the government forbids it hard maybe also b itcoin will disappear

I am still so sure that crypto and bitcoin will last a long time. although sometimes the government prohibits the circulation of bitcoin in every country. but even though many governments disagree, there are still many people who have used it to date.

Still now I have never seen any country who disliked bitcoin, as bitcoin makes country economically good, it gives jobs and gives new opportunities to our generations, so I am sure it will never lose value but it will gain more value, I think with time bitcoin will become more strong and more popular it will be the most famous crypto currency.

gwdf1

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Quote from: Distinctin on June 15, 2019, 08:51:17 AM

Quote from: ?? on ??

Yeah I think it can be disapear but not yet, maybe in 20 or 30 years..

If it will disappear, it would not reach that long, it would disappear maybe less than 10 years from now, but I doubt the possibility because if we look at bitcoin's fundamentals, we are seeing great progress and therefore I'm expecting a growth because this is not a bubble like other people are thinking.

Its popularity may become not as great as now but it cannot simply disappear. The last Bitcoin will be mined not in 10 but in about 40 years. After that, no one knows what can happen with BTC. Our kids will get the answer.

mbluxs

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Quote from: Wellyan on June 16, 2019, 04:38:40 PM

Quote from: coin-investor on June 10, 2019, 09:06:49 AM

I doubt it will disappear, Bitcoin is on its tenth year and we have a majority of responsible users who knows how to take care of their wallet, and newbies are not lacked tutorials on how to protect their coins and their private key, there are so many articles about it online and so many youtube videos as well.

right what you convey crypto or bitcoin currency is growing or missing it depends on the government and the investor itself so if the investor doesn't trade bitcoin again and the government forbids it hard maybe also b itcoin will disappear

I am still so sure that crypto and bitcoin will last a long time. although sometimes the government prohibits the circulation of bitcoin in every country. but even though many governments disagree, there are still many people who have used it to date.

1982dre

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Maybe OP is right, but when it happens it will be in 4022 so I think they will have already some other solution for that.

bettercrypto

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Do not be afraid OP. Everything is following in side of bitcoin. It will not disappear because many people still care of it. But let just think that it may lose its value soon. That is a fact. There are many threats in bitcoin. Of course, it may sustain today but we do not know what will happen in the future. As of now, we just need to utilize everything in bitcoin. We should also show the interests to use it as means of payment.

Questat

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Quote from: marcbitcoins on June 17, 2019, 01:48:53 AM

Yes, some parts of the Bitcoin did disappeared due to human error during transactions but now most of the new comers and the users are now vigilant on every transaction therefore even some fractions of Bitcoin disappeared and wasted before we have still huge reserves from the 21M total supply which is hard to deplete.

That is given since everyone commits an error as we are just humans, however, the majority of the supply will still remain as in most cases, only small number of bitcoin are lost since big holders are more careful as they know if it's lost it will be lost forever.

I believe in the future there will be banks for bitcoin, a secured one which might be covered with insurance as in the long run, bitcoin will be more valuable and actually the big investors really need some assurance that there assets will be safe.

DigitalGemToken

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It's possible... after a very long time, Bitcoin might disappear, even though it's very divisible, if enough Bitcoin gets lost, it is technically possible for all 21 million Bitcoins to be in wallets that no one has access to...

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