It won’t really be a problem, and that’s because I already made lots of profit from it. Those it will affect is those that have not earned anything from it yet, just like newbies. But there are people who have made huge profits, so even if Bitcoin disappears today or tomorrow, they wouldn’t mind.
You are right to some extent but I think there is no reality in the statement because bitcoin is not being disappear but it is being more and more highlight now, more people are being aware of bitcoin, they are involving crypto currency as a source of income, the trust of people is gradually developing now which in increasing the age of bitcoin, bitcoin is currency, it is saving and it is future as well, so bitcoin is a famous currency which made a lot of people rich and still has the power to give them more in future.
Topic: Bitcoin eventually disappear... - page 14. (Read 4299 times)
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?
Bitcoin cant disappear that easily specially nowadays, there were many investors and members trust bitcoin.If became a widely use even if there were many threats on it because, they have seen a big potential within bitcoin.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?
I think this would not dissappear since we all know its already dominating the economy at present. Millions and more are interested on it and for the next 2 or 3 decades it will always be a bitcoin and eventually will have highet rates where in you will have income at the same time you learn.
Yes, bitcoin will not disappear as long as there is internet and it is being legal to other countries because people nowadays trusted cryptocurrencies, and its helping some countries for economic growth.
We cant predict what will happen to the near future in bitcoin but it will not really disappear that fast because there is a process that will need to conduct. Nothing is permanent in this world, maybe bitcoin will disappear but no one can predict. As far as I know, there are more people who trusting bitcoin because of its capacity and capability and also bitcoin is a decentralized system and it has a continous higher rate in value. As long as people trust bitcoin, it will continously flow positive and smoothly. Also, bitcoin has a great help in each individual who using it.
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?
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?
But have you wondered that the prices will spike like crazy when the supply will keep going down and the demand will keep rising all the time? That would be crazy to see and I think as the time will pass smart people will keep buying more and more bitcoins and they will store it crazy secured. I am very very desperate about this thought now as it could change the course of bitcoin market cap and the price that depends on it. :-)
It wont be useful thats true but those people who are still holding it will get the biggest pie of all time and will get huge money profits. They might not have to work again for generations to come. Lol.
Let's face the fact that nothing in this world is permanent so in one way or another, Bitcoin can disappear. We have to be realistic here that nothing really lasts forever, even if technology has some way of preserving it, it will degrade over time. We are in an era that is highly dependent on technology, where crypto is an arising asset to own by anyone. Bitcoin has a bright future so it will exist for a long time and as long as it continues to be flexible or improve into something better, then we would see Bitcoin for a long time; but we should be realistic here that someday, another cryptocurrency or even something out of the blue can outshine Bitcoin and make it eventually disappear.
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?
Bitcoin cant disappear that easily specially nowadays, there were many investors and members trust bitcoin.If became a widely use even if there were many threats on it because, they have seen a big potential within bitcoin. 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 all know the expression that nothing arises from nowhere and disappears into nowhere. Bitcoin has become a leader among all cryptocurrencies. Since its number in the world has a limit. And is 21 million coins. This means that one day the last coin will be mined. But with a decrease in its number, the price of bitcoin will grow. Perhaps in the future it will give rise to some new crypto coin. Another factor for the completion of bitcoin can be the situation if suddenly for some reason the Internet disappears.
The only thing in life guaranteed is death
Death is compulsory and never be underestimated but here we are talking about bitcoins that are immortal. You must not consider this death factor with bitcoins because if this is the case, then one must be only thinking about death and just stick to it, being feared. Everything is still out there for you, so as the bitcoins. And we hope bitcoins will remain immortal till long time.
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?
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?
Will actually we respect your opinion that bitcoin will eventually seize to exist or shrinks to minimal amount,but as in my own thought,bitcoin will exist for the purpose of helping the economic growth and promoting the capitalism country,by means of cryptocurrency,and i believe that bitcoin will not shrinks,when its goes to its minimal amount,because we believe that bitcoin would not going to that situation,instead its will pump more and never die in cryptoworld.
The only thing in life guaranteed is death
Death is compulsory and never be underestimated but here we are talking about bitcoins that are immortal. You must not consider this death factor with bitcoins because if this is the case, then one must be only thinking about death and just stick to it, being feared. Everything is still out there for you, so as the bitcoins. And we hope bitcoins will remain immortal till long time. 
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?
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?
i think this is the total supply of bitcoin and the total circulation of bitcoin in circulation at this time and everything does not just disappear all clearly recorded in blockchain.info
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?
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?
The amount of Bitcoin "lost" due to human error decrease significantly because of its value
I believe at the moment the amount of new Bitcoins mined are more than the amount of "lost"
Even when no new Bitcoin mined in the future, the amount of "lost" will be so small to affect its value
I think bitcoin will not be easily disappeared or shrink regardless of human error or whatever it is up there that make it shrink, either mining or just because of price dropped, theres still a way out or that and it will eventually come back to it original condition.
This is possible in a number of scenarios :
1) Let us consider when all the bitcoins are mined. It means that no more bitcoins will be mined anymore.
2) Now major exchanges that have most of the bitcoins invested by users get hacked. All these bitcoins will go in the hand of hackers then and they will rule the bitcoin prices.
3) Some exchanges may simply run away with the money especially those in the developing countries.
However, it is true that now the prices have increased too much and thus people have become careful with their investment. They are not going to forget the wallet details like some of the early investors.
Bitcoin can't disappear easily because of its continuous process. Everything is controlled which is so safe. When the value of bitcoin will go down, no need for us to be worry because it is normal in a business. One reason why it goes up because of the number of people who believed in it.
I also see no reasons for its disappearing. In my opinion, it will be the guarantee to support the other alts. It will be alive for many years, even after the time when the last one BTC is mined, it will exist.
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?
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?
I doubt that, there will still be plenty. And if it does happen the supply would lessen and the demand is high, so Bitcoin would be so expensive.
If they lost their bitcoin that doesn't mean that it would be gone from the total supply ,
So I think that it would just lessen the number of supplies circulating and that means and at the same time it could lead to a higher value,
Because of the small supplies circulating plus the huge number of demands .
So I think that it would just lessen the number of supplies circulating and that means and at the same time it could lead to a higher value,
Because of the small supplies circulating plus the huge number of demands .
Bitcoin eventually disappear is not possible as the users of bitcoin might make some mistakes but bitcoin is not a product just to disappear where the people invested in bitcoin will never quit as the demand of bitcoin is increasing. So saturation point is very difficult with bitocin.
For me. Bitcoin eventually disappear someday. Because all things in this world will become no more and will start into a new beginning.
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.
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.
As long as storage and transactions are handled by humans, there is no way to avoid human errors, regardless of the assets value. Sure it is less likely to be lost, the higher the value. But will it ever be totally secured just because it is of a certain high value.
I am not convinced.
Yes it is surely secured because it is appeared and many people used this as way of job. Bitcoin probably cannot be disappear if we have cooperation and go on for the exact process and it is for good of everybody. Bitcoin is a precious to many people who used as daily function and it could be a business and investment.
They lost bitcoin, but it didn't go away. It can't disappear from your wallet.
I don't know if bitcoin will be replaced by other currencies in the future, but I know that bitcoin is still very popular so far.
I don't know if bitcoin will be replaced by other currencies in the future, but I know that bitcoin is still very popular so far.
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