Bitcoin eventually disappear... - page 6.

Harley29

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Quote from: bummm on December 29, 2018, 05:50:36 AM

Quote from: Shanu shan on December 24, 2018, 10:24:49 AM

no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date Grin

In reality, everything is possible. However, I think that Bitcoin will not die, disappear, escape, etc. It will live and it will be used more many years, maybe even for ages. It is the best crypto.

It is crazy to say that bitcoin will ever die trust me it never die it will remain the same for years infect more and more people will invest it to make stronger. In market there are still need some corrections but this journey has started I think this January it will be bull run and market will be recover soon.

Buttermellow

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That is why there are alternative coins already that one day might be use in the absence of bitcoin and the good thing is that you can choose many alternative crypto to which you can actually use it in daily life exchange. Just hoping that one day crypto will not going to end instead it will going to establish and more demands will have as government will help secure people's investment or holdings.

carlisle1

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Quote from: Janation on December 26, 2018, 09:13:25 PM

Quote from: cahbagus555 on December 26, 2018, 08:19:06 PM

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 dont think bitcoin will disappear because if bitcoin growing more higher, people will keep it for their investment. Perhaps, people's coin can disappear and supply shrink in market but the price must be getting more expensive

We don't know what might happen, all we know is that Bitcoin is still giving us a profit.

There are investors that says Bitcoin will not last that long, for me that 10 years is long enough to be a good source of profit or maybe income. With a lot of cryptos in the market, there are a lot of ways you can choose your investments and that will grab people to invest on cryptocurrencies. When the price dumps, people tends to invest again since it might be their last chance seeing that price. That way of investing of investors will make the price pump even in a little moment and will keep the price from dumping more and I think that is a proof that Bitcoin will be having a longer time existing as our daily investment.

If thats your stand then better be ready for the death of bitcoin because it seems like you’re not that in trust with bitcoin

For me this cryptocurrency and all the altcoins same as the tokens,will stay with us today and inhe future,though i am talking about legitimate coins and not those shits

Amevalentine

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Quote from: cahbagus555 on December 26, 2018, 08:19:06 PM

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 dont think bitcoin will disappear because if bitcoin growing more higher, people will keep it for their investment. Perhaps, people's coin can disappear and supply shrink in market but the price must be getting more expensive

I also don't see bitcoin missing or how but instead it develops a little bit because I know bitcoin for a long time so I know and know if bitcoin won't disappear or become extinct

Gheka

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Quote from: Janation on December 29, 2018, 06:50:02 AM

Quote from: bummm on December 29, 2018, 05:50:36 AM

Quote from: Shanu shan on December 24, 2018, 10:24:49 AM

no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date Grin

In reality, everything is possible. However, I think that Bitcoin will not die, disappear, escape, etc. It will live and it will be used more many years, maybe even for ages. It is the best crypto.

Bitcoin will always be here, even though it die or its price turn to 0, it will always be here.

Bitcoin opened up a new world that made a lot of people turn their money into millions, a new investment that a lot of people waited to, expected to and looked up into. It's technology made a lot of other cryptocurrency that ended up booming in the market, I don't think Bitcoin will be forgotten just like that even if it dies. Bitcoin will keep on living for a long time and even if it dies, a lot of people will be remembering them.

I don't think so, bitcoin will gradually disappear when it returns to zero, it will be buried by the future because in the future, although bitcoin will be as you say, it may die but people will still remember it but of course, it won't be forever, time will delete it. Even our selves, time will bury everything about us someday, this is a natural cycle, new things come, old things will go away but at the very least, I can feel that people still have faith in bitcoin, which is really a positive sign and helps bitcoin survive for a long time

Janation

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Quote from: bummm on December 29, 2018, 05:50:36 AM

Quote from: Shanu shan on December 24, 2018, 10:24:49 AM

no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date Grin

In reality, everything is possible. However, I think that Bitcoin will not die, disappear, escape, etc. It will live and it will be used more many years, maybe even for ages. It is the best crypto.

Bitcoin will always be here, even though it die or its price turn to 0, it will always be here.

Bitcoin opened up a new world that made a lot of people turn their money into millions, a new investment that a lot of people waited to, expected to and looked up into. It's technology made a lot of other cryptocurrency that ended up booming in the market, I don't think Bitcoin will be forgotten just like that even if it dies. Bitcoin will keep on living for a long time and even if it dies, a lot of people will be remembering them.

myohmy81

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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?

We can't avoid those mistakes of some holders as they will lost their wallet and private keys due to their negligence but the bitcoin will continue to grow as long as their is demand and this currency will not going to end. The lesser the supply the higher the price will rise to the moon. Indeed if your a holder you need to secure your wallet and private key in a safe place to enjoy your profits in the future.

bummm

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Quote from: Shanu shan on December 24, 2018, 10:24:49 AM

no it is not possible... bitcoin will not disappear and it is always trading in crytoworld…it has no expiry date Grin

In reality, everything is possible. However, I think that Bitcoin will not die, disappear, escape, etc. It will live and it will be used more many years, maybe even for ages. It is the best crypto.

gabmen

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Quote from: SeVenlast on December 26, 2018, 09:46:59 PM

Quote from: cahbagus555 on December 26, 2018, 08:19:06 PM

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 dont think bitcoin will disappear because if bitcoin growing more higher, people will keep it for their investment. Perhaps, people's coin can disappear and supply shrink in market but the price must be getting more expensive

This is the beginning of Bitcoin and it is not the end so many trips must be passed before Bitcoin dies quickly. You should make a decision to buy the coin.

I don't think the percentage of that "human error" You're pertaining to would be significant enough to cause such effect. I mean, you'd have to be really careless or irresponsible to lose your btcs and there aren't that much of that kind now.

Escf4

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From now until the time , that there will be new ,much usefullness technology ,that will surpass bitcoin then there are still possibility it will be replace , but if the purpose and uses of bitcoin csn be more improve and added with other new advance dimentions for bitcoin ,then there is also possibility that it will last for a more longer time in the digital world, the time only will tell when does bitcoin or any other crypto will last.

SeVenlast

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Quote from: cahbagus555 on December 26, 2018, 08:19:06 PM

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 dont think bitcoin will disappear because if bitcoin growing more higher, people will keep it for their investment. Perhaps, people's coin can disappear and supply shrink in market but the price must be getting more expensive

This is the beginning of Bitcoin and it is not the end so many trips must be passed before Bitcoin dies quickly. You should make a decision to buy the coin.

Janation

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Activity: 1722

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Quote from: cahbagus555 on December 26, 2018, 08:19:06 PM

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 dont think bitcoin will disappear because if bitcoin growing more higher, people will keep it for their investment. Perhaps, people's coin can disappear and supply shrink in market but the price must be getting more expensive

We don't know what might happen, all we know is that Bitcoin is still giving us a profit.

There are investors that says Bitcoin will not last that long, for me that 10 years is long enough to be a good source of profit or maybe income. With a lot of cryptos in the market, there are a lot of ways you can choose your investments and that will grab people to invest on cryptocurrencies. When the price dumps, people tends to invest again since it might be their last chance seeing that price. That way of investing of investors will make the price pump even in a little moment and will keep the price from dumping more and I think that is a proof that Bitcoin will be having a longer time existing as our daily investment.

cahbagus555

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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 dont think bitcoin will disappear because if bitcoin growing more higher, people will keep it for their investment. Perhaps, people's coin can disappear and supply shrink in market but the price must be getting more expensive

JohnBitCo

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Quote from: Silberman on November 15, 2018, 11:42:54 PM

Quote from: West0813 on November 12, 2018, 10:05:01 AM

There are still so many people and investors that believe in bitcoin. So i think bitcoin will not disappear easily. Bitcoi n will still recover and will dominate the market again.

That is the main reason why bitcoin is not going to disappear, as long as some people keep believing in it and keep using it then bitcoin is going to be here with us, in fact I will say that it is completely the opposite, each day bitcoin is getting stronger and more people are adopting it so the chances that bitcoin is going to disappear are incredibly low.

Whenever there is a big dump in the market, things like these do pop up. We see everywhere people sating that bitcoin is a bubble , it will end soon, it is a scam etc. But then the market recovers well and we stop hearing such negative voices.

davit putra

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It could happen if trust in bitcoin disappears and bitcoin will be worthless and abandoned, but I think that won't happen because bitcoin is still trusted and even though the value of bitcoin is shrinking, the value of bitcoin will expand again.

nur rochid

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Quote from: m_nief on December 26, 2018, 08:22:41 AM

Quote from: Razick on October 02, 2017, 07:59:13 PM

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?

Bitcoin is deflationary by nature. This is counter-intuitive to how most of us have been raised on an inflationary economic model (fiat becomes worth less and less over time due to inflation).

What you say is correct, but don't forget the less Bitcoin available means the supply is lower. When supply drops and demand stays the same, it means the price increases. Which means the price of Bitcoin never stops rising over the long term.

i agree with you, if it is calculated on average, bitcoin is always experiencing deflation, the supply of bitcoin is decreasing because more and more people are looking for the price of bitcoin to increase. this is in accordance with economic theory about the nature of scarcity that causes prices continue to soar

the more rare bitcoin in the market of course makes prices increase so and vice versa. but what happens now is that many people throw away bitcoin and that makes the trend decrease

m_nief

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Quote from: Razick on October 02, 2017, 07:59:13 PM

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?

Bitcoin is deflationary by nature. This is counter-intuitive to how most of us have been raised on an inflationary economic model (fiat becomes worth less and less over time due to inflation).

What you say is correct, but don't forget the less Bitcoin available means the supply is lower. When supply drops and demand stays the same, it means the price increases. Which means the price of Bitcoin never stops rising over the long term.

i agree with you, if it is calculated on average, bitcoin is always experiencing deflation, the supply of bitcoin is decreasing because more and more people are looking for the price of bitcoin to increase. this is in accordance with economic theory about the nature of scarcity that causes prices continue to soar

jjjfff

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Only way for BTC to disappear would be a big security flaw found on it.

So far it has stood the test of time and hackers haven't been able to crack Bitcoin's cryptography.

Distinctin

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Quote from: Godday on December 24, 2018, 10:19:58 AM

Quote from: Silberman on November 15, 2018, 11:42:54 PM

Quote from: West0813 on November 12, 2018, 10:05:01 AM

There are still so many people and investors that believe in bitcoin. So i think bitcoin will not disappear easily. Bitcoi n will still recover and will dominate the market again.

That is the main reason why bitcoin is not going to disappear, as long as some people keep believing in it and keep using it then bitcoin is going to be here with us, in fact I will say that it is completely the opposite, each day bitcoin is getting stronger and more people are adopting it so the chances that bitcoin is going to disappear are incredibly low.

currently, bitcoin is still standing because bitcoin is still trusted and some people are still fighting for bitcoin. although the state of bitcoin is currently experiencing a sharp decline. they certainly have a sense of doubt, but they also can still survive.

Things that are never stable whenever you might expect because that is virtual money that makes anxiety and happiness about prices in the future.

True, this would not become stable because people will dump when they see the price is bullish.
Only if bitcoin is not also considered as investment, then maybe we have a chance to make this stable, but with price action, that makes it exciting.

darewaller

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I don’t know if what I’m about to say is right or wrong, but I do think that if a certain number of Bitcoins happens to get missing, then it will lead to an increase in the price of Bitcoin. Why I’m saying this is because there will be lesser supply of Bitcoin, and since the lesser the supply means bigger price, there should probably be an increase in price, and then we will all be buying in satoshis.

Quote from: Ozero on December 24, 2018, 05:32:35 AM

In general, yes. Over time, the number of bitcoins will steadily fall due to the loss of access to them for various reasons. Already, about seven million bitcoins have been lost. However, at the same time, I think that technologically, ways will be found to restore them. Otherwise, indeed, Bitcoin is rare. Given that over time the number of different types of cryptocurrency will increase, it will not be a big problem.

There are total of 17 million Bitcoins mined, and based on the research I have made, close to 4 million Bitcoins are likely to be missing and not 7 million like you have said. So that means we currently have about 13 million Bitcoins or so trading in the market. The number of Bitcoins to be mined are remaining about 4 million.

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