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.
I agree, especially the biggest social media like Facebook will actually issue their coins, namely the global coin. and this becomes an objection that the bitcoin will disappear. and I think it will develop faster
Topic: Bitcoin eventually disappear... - page 3. (Read 4299 times)
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.
But many newbies too that doesn't care of the protection of their wallets, they are lazy to look for those materials and resources that they might interested with and increase their knowledge of protecting their wallets.The number of lost bitcoins forever might increase in due time but it does not mean that every bitcoin will be gone in the circulation.
I am 100% confident in the prospects of cryptocurrency. To date, many interesting projects have already been created, with the help of which the cryptocurrency will be implemented in the daily life of a person. In addition, I would like to draw people's attention to the fact that blockchain technology is also used in the banking sector and in other very important institutions of states and structures. I would like to note the fact that even one of the leaders of the gaming industry, Ubisoft, intends to use the ethereum blockchain. This also says a lot.
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.
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?
Yes there will be less and less Bitcoins, but it is almost impossible to say that will cease to exist. That would be an really unlucky event.
You seems to not understand not what I wrote nor what OP wrote. OP was writing that since there is 21 million possible BTC people can lose them and eventually we end up with none. I posted that that will most likely not happened.
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?
It is a bit impossible to happen. But let's say that it happened. The price of bitcoin will pump so much, like how other alts that conducts token burning. The supply is minimized while the demand grows, this increases the price in a faster rate. Bitcoin wont lose its value, and once the future comes that the mass adoption of digital assets happens and Bitcoin is still on the top, it will have a much higher price.
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?
Even if some people lose bitcoin that doesn't mean that it would disappear. Even if, it disappears in 20 or 30 years time it would leave a lot of people bitcoin millionaire, so the potential is huge.
As long as poeple are determine to resemble bitcoin, a huge of potential that it will exceed bountifully in the mere future. Just a positive motivation to conquer the possible consequences around the field. And I don't doubt about its existence will be constantly arousing .
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?
Even if some people lose bitcoin that doesn't mean that it would disappear. Even if, it disappears in 20 or 30 years time it would leave a lot of people bitcoin millionaire, so the potential is huge.
I guess you don't get the point, when people totally forget how to access their bitcoin, that is considered loss in circulation, and that is a big mistake for them especially if bitcoin will moon in the future. However, good for the market since the supply will reduce with that kind of mistake.
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?
Even if some people lose bitcoin that doesn't mean that it would disappear. Even if, it disappears in 20 or 30 years time it would leave a lot of people bitcoin millionaire, so the potential is huge.
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?
Yes there will be less and less Bitcoins, but it is almost impossible to say that will cease to exist. That would be an really unlucky event.
If Satoshi Nakamoto had planned to seize bitcoin right now, then it may go to zero value. But as of now, it is hard to think that bitcoin will go back to zero. If that happens, cryptocurrency will decline and many of us here will find an alternative way to earn money. But as I think, there is no more to doubt in cryptocurrency. Many developers have expanded their knowledge in crypto space.
No more doubt about bitcoin and seizing it like what others think it's highly impossible to happen.And not just developers have expanded their knowledge but a lot of rich people vested their money in 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?
Yes there will be less and less Bitcoins, but it is almost impossible to say that will cease to exist. That would be an really unlucky event.
True for now, Bitcoin will not die easily like that and leave all people who have trusted and invested their money in the form of virtual currency.
We should not even talk about this.
The fact that Bitcoin last in these years is proof that it will not die easily. There are a lot of people that use and holds it and keeps BTC going, it may dump but the only way after that is a pump. Also, don't say that Bitcoin will leave because if the price will dump, the reason for it is us, users and investors, it is not Bitcoin's will.
True for now, Bitcoin will not die easily like that and leave all people who have trusted and invested their money in the form of virtual currency.
We should not even talk about this.
The fact that Bitcoin last in these years is proof that it will not die easily. There are a lot of people that use and holds it and keeps BTC going, it may dump but the only way after that is a pump. Also, don't say that Bitcoin will leave because if the price will dump, the reason for it is us, users and investors, it is not Bitcoin's will.
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?
There are people who have lost access to their private key, but that does not mean that it will go down a minimal amount, we still have a lot of Bitcoin holders who are responsible Bitcoin holders, we must admit it Bitcoin is an asset and property if you're a holder will you want to lose access to your coins, of course, you will not.
At this time, many cryptocurrencies are also vying to become the next bitcoin but these coins has yet to prove something if they really qualified to succeed the leading cryptocurrency.
Sure there are coins that will try to compete with bitcoin as the market is getting bigger overtime.
However, people will not allow that, you see how big the dominance of bitcoin, that's because investors does put their trust more on bitcoin and I'm seeing it will still be the same reality in the future as bitcoin's discovery make this market that we are staying now alive and progressive.
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?
If Satoshi Nakamoto had planned to seize bitcoin right now, then it may go to zero value. But as of now, it is hard to think that bitcoin will go back to zero. If that happens, cryptocurrency will decline and many of us here will find an alternative way to earn money. But as I think, there is no more to doubt in cryptocurrency. Many developers have expanded their knowledge in crypto space.
Undoubtedly there will be a greater disappearance of bitcoins every time, because many of those who now own bitcoin will tend to make erroneous transactions, forget their private keys, or they will die without revealing their bitcoin holdings. But I do not think that the proportion of bitcoins lost is of a significant magnitude, because even if 99% of the existing bitcoins were lost, the use of decimals could be extended from 16 to 20, 30 or more so that the bitcoin ecosystem can function optimally, which would also be reflected in an astronomical price of each bitcoin.
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 don't think it's going to happen, investors are responsible holders,you are not an idiot to hold a big amount of Bitcoin only to lose it forever because of your ignorance, and carelessness, I don't think there are still people who come in to buy Bitcoin without the knowledge first on how to treat his private key well.
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 don't think it's going to happen, investors are responsible holders,you are not an idiot to hold a big amount of Bitcoin only to lose it forever because of your ignorance, and carelessness, I don't think there are still people who come in to buy Bitcoin without the knowledge first on how to treat his private key well.
Jump to: