Bitcoin eventually disappear... - page 10.

Indai24

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The OP's topic may be what others thinking about bitcoin and that's okay because we both have different perspective regarding bitcoin and the rest of alternate cryptos. I stand on the other side as i continuously holding my bitcoin and other cryptos because i believe, bitcoin will still exists for so many years.

Same here, these are just statement coming from a bitcoin hater, and those who believe in bitcoin will never be destructed whatever happens.

rickyNmorty

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Investor

Quote from: Iranus on October 02, 2017, 03:43:24 PM

Well you posted this in the "Economics" section, so let's make this about economics.

People have an amount of BTC. The higher the value of their BTC, the more likely they are to keep it in safe locations or spread it between different places. So the chance of them losing their BTC decreases exponentially as the price rises.

If they lose BTC, the supply decreases, therefore making the remaining BTC supply (marginally) more valuable and making people less likely to lose it. So it never reaches a point at which there's not enough left.

So basically, no. It's impossible.

I agree. This is a simple supply and demand law. If the supply increases smaller value of the demand increases higher value. And also we can see how people become productive with the use of bitcoin, therefore we can conclude that it is efficient in a way that it is helping people big time.

Violettochka

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I don't think so. People tend to lose things but believe me when BTC limit is achieved the price will be so high the holders will treasure it more than ever.

waynechong1995

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swing!

Well naturally valuable things tends to be safe guard more properly, and lesser supply of bitcoin raises its price to coupe with demand, kinda impossible if you are referring human errors that vanishes bitcoin, probably some a mega EMP that stop all telecommunication devices in the world could achieve that, i would probably safeguard my bitcoins like gold and thats an effort from me xd

awik p

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Pepemo.vip

Quote from: patarfweefwee on October 29, 2018, 02:17:00 AM

I don't know about that. I'm pretty sure that in the future we will see a more sophisticated wallet thathas a state of the art way of verifying users so they could access their wallets even if they lost their log ins. Besides, if BTC does dissapear, I'm pretty sure that another Crypto currency will take it's place in the market as king.

i don't think that will happen. if bitcoin is lost then the other coins will disappear too. considering bitcoin is the back of other coins. For example a bubble occurs, of course other coins will join bubble too

patarfweefwee

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I don't know about that. I'm pretty sure that in the future we will see a more sophisticated wallet thathas a state of the art way of verifying users so they could access their wallets even if they lost their log ins. Besides, if BTC does dissapear, I'm pretty sure that another Crypto currency will take it's place in the market as king.

BitcoinGuruOne

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This not real, because it just wont happen, most people have backups and their assets in different wallets as well thus they lose their assests extremly rarel. Also think of that BTC could be divded quite much, the rest of btc ( not lost) will just have bigger value.

tannerchum

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Semi-Decentralized Exchange

Many of us experience like that and no one will be blame of that because its a human error. A holder's careless attitude. Crypto is to critical and risky in all type of market. As a lesson in that mistakes, we must all take good care of all wallets.

Akpuv

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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?

Your reasoning is quite funny. But it is the truth. Imagine when people hide their secret keys and passwords then die accidentally. Those their coins will be stuck forever in the wallet without access. If this similar trend continues from years to years and from generation to generation, the 21 million BTC may just shrink to an unimaginable quantity and scarcity.

Delmore

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Quote from: SirLancelot on October 16, 2018, 07:32:04 AM

Quote from: ngalamunan on October 11, 2018, 10:32:47 AM

Quote from: inding on October 10, 2018, 03:41:20 AM

I think this is the wrong view. Market ups and downs are very normal. Bitcoin will land when it takes off, so there is no big prize, but it won't disappear.

in my opinion this is a wrong view of bitcoin. bitcoin won't end at any time. if bitcoin will be lost maybe other coins will be affected in investing.

I think many people are focusing on the aspect of "bitcoin may disappear but for that to happen something better must come" but they are forgetting one key thing. Bitcoin is already something new, it is not a 100 year old thing, its just 10 years (not even) since it came out, gold has been around forever, dollar has been valuable since 60's and definitely since 80's as well, here we have bitcoin that came out almost 10 years ago and you are thinking about something that could overthrown it.

It won't happen easily I can tell you that, whatever comes up that will overthrown bitcoin must be out there for a long time and needs to take its sweet time before it can even reach to its levels, it won't happen overnight at all. Considering all of this we can safely sleep at nights knowing bitcoin will be here for a long time.

I think it is totally nonsense. If somebody has a problem with bitcoin or cryptocurrency he should not put his money in it and quit this world forever. With the passage of time he would understand the importance of bitcoin and then may the price be more than $30000 and not able to buy even satoshi. I believe bitcoin the most and think that bitcoin is the future currency.

syamster

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Quote from: t3ChNo on October 15, 2018, 07:10:14 PM

I doubt it will. BTC will continue to evolve as well as we may be able to see more adoption from common folks.

Same as you I think bitcoin is hard to get disappear it is getting high in value and price with time as more people are adopting it, with the passage of time, as I have noticed bitcoin has become more valuable and more profitable than before all of us should take part in making it stronger, so as time passing the popularity and the fame of bitcoin is increasing even more.

Naughty Princess

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Quote from: Vritesh on October 10, 2018, 06:41:18 AM

No i don't think so that bitcoin will disappear because till now it has become the best investment asset. Bitcoin has given alot to people so how it can disappear. No doubt these days price value is very less but still it has the potential to come back on its track and give the maximum number of profits to the investors. Ups and down are eveywhere and they are the big part of market. So according to me bitcoin can't disappear.

I agree. It would never disappear easily. Many are benefitting for it and keep believing for the potential of the coin. Many people are seeking for it to invest and I believe they are find it as investment and making more time to decide when to invest on it because it is very volatile. Bitcoin would have big contribution on us and it will make more improvement.

margaret22

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I have read about, that there is about 4million Bitcoin lost already. And this number will continue to grow, no doubt. But I think the speed of losing Bitcoin will be much slowlier now, that it worth a lot, and also, if if the circulating supply decrease, it will only mean the price of Bitcoin increase IMO.

BitcoinCommodor

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Quote from: ace1105 on October 11, 2018, 10:43:01 AM

Quote from: ngalamunan on October 11, 2018, 10:32:47 AM

Quote from: inding on October 10, 2018, 03:41:20 AM

I think this is the wrong view. Market ups and downs are very normal. Bitcoin will land when it takes off, so there is no big prize, but it won't disappear.

in my opinion this is a wrong view of bitcoin. bitcoin won't end at any time. if bitcoin will be lost maybe other coins will be affected in investing.

Bitcoin will never end. I have a strong feeling that it will recover again soon. We just need to believe and keep hoping that more and more new investors will gonna support bitcoin.

Bitcoin is there if you want to have some Bitcoin you will need to buy it on any price you want as there are no restrictions over it. Bitcoin is available if your savings are enough for its current price and moreover its current price is highly affordable because it is in its low market right now. These are irrelevant news spreading about the Bitcoin in order to reduce demand for this business but those who understand this source will ignore such news.

jestbenen8

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Quote from: reality18 on October 09, 2018, 10:45:29 PM

Bitcoin is not going to disappear. Despite the numerous attacks coming from the media, banks and governments, Bitcoin has proven to its investors beyond all doubts by stabilizing its price range between $6500 to $6700. Bitcoin is gradually and strategically growing its support from the investors and with time, BTC will become the most valuable coin on the market.

Bitcoin will take over the market in the future and all other currencies will disappear from the market. Bitcoin will the future currency and I don’t lose patience, courage and trust in bitcoin. I believe it the most and believe also that it will be regular currency for the entire world in the coming future. You should wait for more time to see the facts about bitcoin.

heleng05

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I don't think it will gonna dissapear when his value shrinks and it will still helpful to people like how we use it in our daily basis. I think more people will get interested in joining bitcoin in the end of the day as we can see after a decade his still processing to grow.

bitcoinrays

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Quote from: Bonsaiav on October 10, 2018, 10:15:33 PM

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

Or at least shrink to minimal amounts, when it shrinks to a certain level, it will no longer be useful.

When the amount of bitcoin supply shrinks, bitcoin will still be useful, even at that time the price will become more expensive.

Quote from: Leocrypto da Vinci on October 10, 2018, 02:34:02 PM

Bitcoin may disappear, and in its place a new coin will be born, with more advantages

Bitcoin's not possible will disappear in the near future and bitcoin will remain there at least up to 50 years to come. Almost every month new coins are born, the fact that none of them can replace bitcoin.
If, bitcoin will be replaced, by another coin then the address of the destruction of the global cryptocurrency cannot be maintained anymore.

The world is turning towards digital currency and you are talking about the disappearance of cryptocurrency. It will never happen because now people have understood the importance and benefits of cryptocurrency. In the near future you will more and more people investing in cryptocurrency not only for earning profits but also for worldwide use as regular currency.

SirLancelot

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Leading Crypto Sports Betting & Casino Platform

Quote from: ngalamunan on October 11, 2018, 10:32:47 AM

Quote from: inding on October 10, 2018, 03:41:20 AM

I think this is the wrong view. Market ups and downs are very normal. Bitcoin will land when it takes off, so there is no big prize, but it won't disappear.

in my opinion this is a wrong view of bitcoin. bitcoin won't end at any time. if bitcoin will be lost maybe other coins will be affected in investing.

I think many people are focusing on the aspect of "bitcoin may disappear but for that to happen something better must come" but they are forgetting one key thing. Bitcoin is already something new, it is not a 100 year old thing, its just 10 years (not even) since it came out, gold has been around forever, dollar has been valuable since 60's and definitely since 80's as well, here we have bitcoin that came out almost 10 years ago and you are thinking about something that could overthrown it.

It won't happen easily I can tell you that, whatever comes up that will overthrown bitcoin must be out there for a long time and needs to take its sweet time before it can even reach to its levels, it won't happen overnight at all. Considering all of this we can safely sleep at nights knowing bitcoin will be here for a long time.

t3ChNo

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I doubt it will. BTC will continue to evolve as well as we may be able to see more adoption from common folks.

goodluck0319

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bitcoin at some point can simply stop spinning in the usual turnover among ordinary people, because it will be used for storage

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