Topic: Bitcoin is gonna die soon! - page 3. (Read 8218 times)
I picked the third option because it seems that most people trade and hold bitcoins and don't actually use them for purchases.
The best choice for now is bitcoin users will move all their BTCs to the so-called "altcoins".
No that's not the right thing to do because, bitcoin will never die soon. In fact more are investing now even those wealthy people has invested their money. There is no reason bitcoin will die, and if ever there's a possibility to happen many businesses will be affect; those connected technology of blockchain network. More coins now were more dependent in bitcoin and if there is btc death well that's the end of the digital currency world.
Ah good you can add your list to this list that says Bitcoin has died 129 times:
https://99bitcoins.com/bitcoinobituaries/
Enough with the doomsday nonsense. Mining pools will cave, BU will become irrelevant, segwit will be activated and everything will move forwards. All the alleged stunts with BU are simple temporary power plays. Don't let the noise of a handful of users make you think otherwise.
Yeah almost impossible that is could happened bitcoin have a lot of opportunities and have a lot of users it is almost a industry in the world so it can die just easily and become a dump coin in the market also it is the most successful of all of the cryptocurrency in the market. https://99bitcoins.com/bitcoinobituaries/
Enough with the doomsday nonsense. Mining pools will cave, BU will become irrelevant, segwit will be activated and everything will move forwards. All the alleged stunts with BU are simple temporary power plays. Don't let the noise of a handful of users make you think otherwise.
The best choice for now is bitcoin users will move all their BTCs to the so-called "altcoins".
Also there is difference when we say price and when we say value. Prices are in term of currency worth whereas value is in term of commodity worth
This is a very tricky and slippery path
So you should be cautious taking it since you may arrive at conclusions which even angels fear to make. Moreover, you should fully understand the claims you assert. For example, how do you fancy Bitcoin value measured in terms of commodity worth? That's all Greek to me, so could you explain what you mean by that? I have my own understanding but you may mean something entirely different, so what's your idea or view of "commodity worth", in respect to Bitcoin specifically?
Obviously I mean in general, not specific to Bitcoin. He was referring bitcoin's value equivalent to bitcoin's price, which in not correct!
Why is that not correct and how is Bitcoin different?
If there is a free market with enough participants which provide enough liquidity to properly balance supply and demand (i.e. enough to correctly establish the price of a good), then this price should necessarily reflect a true value of that good. And this is even more applicable to Bitcoin (which you somehow seem to exclude from consideration now). Apart from that, I don't understand what you mean by "value of anything refers to its worth caused by features, specification or more belonging to that particular anything". Basically, you just say that the value of something is what something is worth. As to me, this is an obvious case of tautology, like "something is valued because it is valued". And what is that "commodity worth" (as you call it)?
Also there is difference when we say price and when we say value. Prices are in term of currency worth whereas value is in term of commodity worth
This is a very tricky and slippery path
So you should be cautious taking it since you may arrive at conclusions which even angels fear to make. Moreover, you should fully understand the claims you assert. For example, how do you fancy Bitcoin value measured in terms of commodity worth? That's all Greek to me, so could you explain what you mean by that? I have my own understanding but you may mean something entirely different, so what's your idea or view of "commodity worth", in respect to Bitcoin specifically?
Obviously I mean in general, not specific to Bitcoin. He was referring bitcoin's value equivalent to bitcoin's price, which in not correct!
In general, value of anything refers to its worth caused by features, specification or more belonging to that particular anything. Whereas price arises out or trading of that anything which has nothing to do with its value directly.
Bitcoin transaction will become less and less because its users will just hold their coins. Thus BTC would become a sort of digital asset, with no actual use as a payment system.
Every day new users will come and buy coins from those who, because of panic, sell their coins and thus at bitcoin there will always be active deals.
Bitcoin transaction will become less and less because its users will just hold their coins. Thus BTC would become a sort of digital asset, with no actual use as a payment system.
Also there is difference when we say price and when we say value. Prices are in term of currency worth whereas value is in term of commodity worth
This is a very tricky and slippery path
So you should be cautious taking it since you may arrive at conclusions which even angels fear to make. Moreover, you should fully understand the claims you assert. For example, how do you fancy Bitcoin value measured in terms of commodity worth? That's all Greek to me, so could you explain what you mean by that? I have my own understanding but you may mean something entirely different, so what's your idea or view of "commodity worth", in respect to Bitcoin specifically?
I do not believe that bitcoin will perish. It invested a lot of money. That is why the problem of transactions should be solved in the near future. Or bitcoin will cease to be a means of payment and will become an investment
If Bitcoin fails, the whole crypto fails. Look at all these cryptos, there's nothing decentralized over there.
Do I need to say more?
Welcome to reality and stop shilling some centralized shitcoins.
Welcome to reality and stop shilling some centralized shitcoins.
Bitcoin will improve day by day. Now the world's developed countries depend on Bitcoin.
I think continuous increasing of value is not good in bitcoin because if will increase value in the highest level no one like to buy for it all users even investor only want is do work to earn bitcoin and not to buy then the demand will slow down together with the value of it.
Give me some air, do you know what are you speaking?
Prices of Bitcoin doesn't got fixed by any heavenly verdict or by God. Its prices are determind by buyers/sellers. If btc worth $2000 today, it is because people wanna pay that amount for it. Suppose people stop buying at this price, price will automatically take a dip.
Also there is difference when we say price and when we say value. Prices are in term of currency worth whereas value is in term of commodity worth.
I think continuous increasing of value is not good in bitcoin because if will increase value in the highest level no one like to buy for it all users even investor only want is do work to earn bitcoin and not to buy then the demand will slow down together with the value of it.
Bitcoin is gonna die soon because of too high fees and too slow transactions. It is becoming a very bad quality payment system, with no relevant pros in using it.
Now I see 4 different scenarios that could happen in the next months:
Which one do you prefer and which one do you predict?
Now I see 4 different scenarios that could happen in the next months:
- Bitcoin developers will solve these scaling problems and Bitcoin returns to be the cheap and fast payment system it was some years ago.
- Bitcoin users will move all their BTCs to the so-called "altcoins". Most of these altcoins are already far better than BTC, regarding technical specs, confirmation time, privacy, etc. Dash, Monero, DOGE, LTC, etc. all of them are better than Bitcoin.
- Bitcoin transaction will become less and less because its users will just hold their coins. Thus BTC would become a sort of digital asset, with no actual use as a payment system. (Note that Satoshi thought of Bitcoin mainly as an innovative payment system)
- People will get tired of cryptocoins and move back to the ol' banking system.
Which one do you prefer and which one do you predict?
As I told elsewhere, while Bitcoin price is rising no one gives a fuck about high fees and slow confirmation times. Well, some people certainly give plenty of fuck, but they are in minority anyway, and still more so in respect to the amounts they handle (sad but true). Regarding the questions raised in your post, you don't take into account that most bitcoins are either traded or stashed right away, i.e. they are not transacted, so my choice has obviously nothing to with your list of options. As I said, as long as Bitcoin continues to rise, high fees and slow confirmation times are irrelevant
This basically explains the seeming paradox of the price rising despite the high fees
I think something is wrong with your prediction, also you could see in this thread, mostly people will not agree with your one point and that is bitcoin is die. Why you are not looking the price of bitcoin? Everyday bitcoin price gonna high, its mean bitcoin will live long life, it doesn't mean that bitcoin is die. But i also think bitcoin should do, to improve the payment system for the people.
He just want to spread some fud and he knows the fact that bitcoin will never die. Who will believe with a virtual coin that has a value of $2k will die very soon? I don't think that someone is going to believe with that lie. It's clear that bitcoin has a big potential and will possibly dump a little bit but it won't die. 
I really doubt that bitcoin will die even with all its problems. It is like digital gold with even more money getting in it.
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Stop with the country / people in a country confusion.
It's not like China or Japan or Germany is using bitcoin in balances, treasury or loans.
It's people in those country that use bitcoin for their purchases.
Do all posters here come from communist countries where the state is all ?
Stop with the country / people in a country confusion.
It's not like China or Japan or Germany is using bitcoin in balances, treasury or loans.
It's people in those country that use bitcoin for their purchases.
Do all posters here come from communist countries where the state is all ?
BTC will live on its own if those problems will continue people will fork BTC to daily currency to bypass BTC limitations while orginal chain will remain asset class.
BTC was dying to many times to fell fear now IMO. every year BTC is dead and live.
Bitcoin is gonna die for sure but it will not be soon because it will take a lot of time and almost a lot of decades before bitcoin will die because a lot of people now are using bitcoin and bitcoin is just getting started to be notice by the people around the world so it is not that easy for the haters to make bitcoin die because they will die first because of being old rather than bitcoin.
Bitcoin can die, however, it is very unlikely, it will continue to grow, because it is being used by many countries. Some guys are always looking for ways to ruin bitcoin, but they have never been successful, bitcoin is still growing and will be stronger.
Stop with the country / people in a country confusion.
It's not like China or Japan or Germany is using bitcoin in balances, treasury or loans.
It's people in those country that use bitcoin for their purchases.
Do all posters here come from communist countries where the state is all ?
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