Bitcoin eventually disappear... - page 16.

Klausi

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Quote from: Semaj123 on March 03, 2018, 09:01:40 AM

Quote from: btc78 on March 03, 2018, 08:51:39 AM

Quote from: Agraoleom on October 02, 2017, 02:46:36 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?

you will disappear first before bitcoin does 😂The lower the volume the higher the price will happen.if bitcoin comes to extinction then each price might reach even a million dollar.so never say bitcoin will disappear this will never happen in our ages,in the next generation we dont know

Bitcoin will be forever will exist because it can't be destroy. And I agree with you that bitcoin will never disappear especially people are now getting more interested into this technology. Bitcoin will continue to dominate in the world of digital age and also more opportunities will be open.

Right, but i think no one really knows when will it end up or disappear. But, looking at the scenario of todays bitcoin economy it is still hard to destroy instead it is more popular now that many people were already aware on its behavior and how does it work. Knowing that a lot of people were using it already therefore it will really now be stong and continue rising until it ends if theres really an end.

Semaj123

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Quote from: btc78 on March 03, 2018, 08:51:39 AM

Quote from: Agraoleom on October 02, 2017, 02:46:36 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?

you will disappear first before bitcoin does 😂The lower the volume the higher the price will happen.if bitcoin comes to extinction then each price might reach even a million dollar.so never say bitcoin will disappear this will never happen in our ages,in the next generation we dont know

Bitcoin will be forever will exist because it can't be destroy. And I agree with you that bitcoin will never disappear especially people are now getting more interested into this technology. Bitcoin will continue to dominate in the world of digital age and also more opportunities will be open.

btc78

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Quote from: Agraoleom on October 02, 2017, 02:46:36 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?

you will disappear first before bitcoin does 😂The lower the volume the higher the price will happen.if bitcoin comes to extinction then each price might reach even a million dollar.so never say bitcoin will disappear this will never happen in our ages,in the next generation we dont know

Alalex

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Loading

There is no sudden error that causes bitcoin to disappear, if the problem about going to the declining bitcoin price is because bitcoin or other cripto money can not be fixed because the price of cripto money can instantly turn up high again / down in an instant.

That's not to say that bitcoin is useless as a cripto currency, never worry about the declining bitcoin price.

The great benefit of this bitcoin price drop can be used for a great opportunity if we want to invest cripto money then the profits earned can be tremendous.

Simply buy as much cripto coin as possible and resell it once the cripto money price starts to rise.

Eijrafarm

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Quote from: Agraoleom on October 02, 2017, 02:46:36 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?

I guess not. Bitcoin does not some up only in small amount. The number of bitcoin holders are too many. Accounting the loses for just 10 or 100 invidiual then it could not give representatives in over all population.

qwertyup23

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Quote from: Ewox on October 11, 2017, 09:50:30 AM

Quote from: Risktaker31 on October 11, 2017, 09:46:11 AM

I think even if the bitcoin decreased by the years passed it wont still be actually disapperad forever because some of the people store their bitcoin on a safer wallets(hardware wallet). If the volume of the bitcoin decrease the value of it may pump or get a higher value. and the chance that the value increase some of the people who store it may sell it on the market to get a big profit for it .

I agree, and I also don't think Bitcoin will disappear but maybe it's value in time will increase but I highly doubt it will disappear. It had contributed and helped a lot of people, for sure those who are holding on to their bitcoins for a couple of years would agree because they are most likely holding on to bitcoins because they are all hoping its value will increase in time more than what its current price is at.

Following the logic that nothing is consistent in the world, another type of cryptocurrency would surely take its spot at the top. The problem with bitcoin is its slow transactions and many prohibitions by countries in the world. Maybe in the future, there will be a cryptocurrency that is better, faster, and reliable than bitcoin but it will remain as a foundation to all cryptocurrencies.

Quote from: Yarsk on March 03, 2018, 01:55:46 AM

People are becoming more wiser in terms of securing the bitcoin due to the fact that so many other holders of bitcoin have lost they assets in the past, and at this moment people have learn to spread the bitcoin in different places and even if they lost some part of it they will still have other saving to fall back to. So bitcon can not go out of existence.

People would just hoard and circulate their bitcoins until its value skyrockets. Once that happens, people would likely sell their bitcoins and that will contribute to its volume in the market. I believe that the 21 million bitcoins in existence would just circulate until another type of cryptocurrency would dominate instead of bitcoin. Nevertheless, I highly doubt that it will disappear despite having many conflicts in the world (even if the government decided to regulate it).

Yarsk

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People are becoming more wiser in terms of securing the bitcoin due to the fact that so many other holders of bitcoin have lost they assets in the past, and at this moment people have learn to spread the bitcoin in different places and even if they lost some part of it they will still have other saving to fall back to. So bitcon can not go out of existence.

expless

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Yes it is being controlled by human, but humans does the job with the help of computers. You shouldn’t expect us to leave everything for computers and robots, there are things that needs to be done by human beings, we shouldn’t let robots take over our world okay. And Bitcoin is never going to disappear or whatever, it will always stay.

tophe15

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Quote from: Iranus on October 02, 2017, 04:43:24 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.

Great explanation out there sir! Agree with what you've said, bitcoin as to its current value trend and that scenario will happen like what the author said, it will not really go down to zero.

BartS

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Quote from: carlisle1 on February 27, 2018, 01:48:46 AM

Quote from: Agraoleom on October 02, 2017, 02:46:36 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?

better that you will gone first before bitcoin,youre idea is too far from reality yeah theres carelessness when some bitcoin holders forgot their password,some have dies without giving password to others,some have just gone withhe wind,but this are isolated cases.dont be generalized because the volume of bitcoin is enough to stand for long years.enough that you will gine fist before btc does

Besides there is no way to know if some coins are lost or if the owner is simply letting his coins in his address for a long time, unless some kind of list is maintained about this then we are never going to know how many coins have been lost, as an example satoshi is said to have more than 1 million bitcoins and yet we do not know if those coins are just sitting there or if those coins are lost due to satoshi passing away or by him deleting the wallet files.

Choyor

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Jika semua prosedur keamanan selesai. Tapi kesalahan sepele seperti ini bisa membuat kita kehilangan Bitcoin.Salah saat mengirim Bitcoin. Salah memasukkan jumlah Bitcoin yang dikirim. Masukkan jumlah Bitcoin yang dikirim dan biayanya. Itu berarti kemungkinan kehilangan bitcoin bisa terjadi selama penyimpanan dan transaksi yang ditangani oleh manusia.

Lancusters

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Quote from: Agraoleom on October 02, 2017, 02:46:36 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?

That won't happen. The number of bitcoins is enough to provide the needs of users. The discharge of the coin allows you to accumulate a large number of Fiat. Even if the Bitcoin will cost $ 10,000,000 can be used. The reduction of available coins will stimulate the growth of prices. Bitcoin will absorb all the Fiat.

uozer

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PRiVCY

We actually understand the message you are trying to pass across here that no how, no how, the number of Bitcoin to be mined shall truncated one day. But have you forgotten that this shall be happening in trillion years and above that no exact one person can actually predict when this shall be happening at all. Next and next next generation are still accessing Bitcoin to infinity. So why should we talk about burial while the projected/speculated corpse is alive? What should be our concern now is to be proactive with all Bitcoins task to ensure it's price stability and its acceptability for it's real existence as part of worldly of currencies

portotoi

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Quote from: Agraoleom on October 02, 2017, 02:46:36 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?

I don't agree with that. It is true that bitcoin value is very volatile. And we don't even know when will this bitcoin increases or decreases. But bitcoin will never disappear. Even if it goes down to the lowest, still it will recover and rise again.

shuvo999

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Quote from: yanesna3 on February 28, 2018, 08:17:12 AM

Quote from: Iveyalla on October 12, 2017, 08:27:16 AM

Bitcoin developers will continue to innovate with all the possibilities that will happen in the future. Such as segwit or splitfork. It's one of developers' innovations on the latest bitcoin conditions. So, potential bitcoin be disappear is impossible to happen.

I also strongly believe that the events will be like that: Bitcoin will have some innovations. It will be used for many years even after the last BTC coin is mined.

Bitcoin is ruling world of crypto coins for last many years and we know that no one has ever been able to surpass bitcoin. So this is true that bitcoin is going to stay in the world economy forever and there are maximum chances for its legalization by all states of the world. Perishing away is the property of altcoins.

hisuka

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Quote from: tole123 on February 28, 2018, 09:07:11 AM

that's not true, bitcoin will still be useful but the price goes down, for bitcoin seekers does not matter, but has to work hard to collect the many bitcoins to make more profit

Absolutely you are right, bitcoin will not eventually disappeared. Price goes down and up it will actually worth it to increase in terms of price. With the demands now I can say it is not, however I believe bitcoin will continue to exists.

Emin90

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So far not all bitcoin released so far it is too early to speak about that. My personal opinion that it does not disappear because of the world financial system will become part of thenot only he but still some coins which will be relevant at the time, not just money bitcoin is a new technology transfer transactions.Much still ahead just waiting.

tole123

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that's not true, bitcoin will still be useful but the price goes down, for bitcoin seekers does not matter, but has to work hard to collect the many bitcoins to make more profit

yanesna3

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Quote from: Iveyalla on October 12, 2017, 08:27:16 AM

Bitcoin developers will continue to innovate with all the possibilities that will happen in the future. Such as segwit or splitfork. It's one of developers' innovations on the latest bitcoin conditions. So, potential bitcoin be disappear is impossible to happen.

I also strongly believe that the events will be like that: Bitcoin will have some innovations. It will be used for many years even after the last BTC coin is mined.

romecheo

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The increasing value of Bitcoin, signify it's importance and what ever is valuable it was more likely to keep. People are very specific to their assets and mind it very well, because this unique characteristic of human, in my own perception, disappearing of Bitcoin was very far from happening.

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