Bitcoin is gonna die soon! - page 7.

Ayers

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Quote from: BillyBobZorton on May 14, 2017, 09:35:33 AM

People will move to LTC in order to make fast, instant, cheap transactions. BTC will remain the number #1 coin but LTC will easily go to $200 ish as more and more people catch up with the fact that right now LTC is the best coin to make transactions with.

BTC can profit from cross chain atomic thing in order to make fast cheap transactions thanks to LTC + segwit + LN.

litecoin have no business that make it usable, why they should need lower fee to move their big ass pack of litecoin to dump on exchange lol? low fee are suited for low purchase, but litecoin is not usable, which mean that nobody will move to litecoin from bitcoin, bitcoin will remain the king

alani123

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It's likely that use cases will differ if the price keeps rising. Paradoxically, a higher price makes use of Bitcoin less convenient as the also correlated use rise makes the value of fees rise up by a great margin. Still though, there are going to be use cases for Bitcoin as long as there is demand.

ethereumhunter

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Quote from: Boseda on May 14, 2017, 02:44:52 AM

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:

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?

i am choose this :

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)

because i see that the opportunity for bitcoin is wide open and bitcoin can attract more user to join. i think if people can buy bitcoin and they are holding their bitcoin, i am sure that in the end, that person can make big profit just to hold bitcoin. but if we wants more profit then we can wait for a while until we see the price is getting up again.

User365

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Quote from: Boseda on May 14, 2017, 02:44:52 AM

People will get tired of cryptocoins and move back to the ol' banking system.

What exactly are you doing here ?

You are like, woha, i discovered steel but nah lets use bronze.

Quote from: Hobo66 on May 14, 2017, 10:58:27 AM

No I dont think bitcoin is going to die anytime soon.
bitcoin is controlled by all the users using this currency its impossible to stop.
Peer to Peer said it all.

I really like that

Hobo66

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No I dont think bitcoin is going to die anytime soon.
bitcoin is controlled by all the users using this currency its impossible to stop.
Peer to Peer said it all.

imtav

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It's not going to die. It's here to stay. That being said, I think BTC is just going to end up as the gold standard by which values of other coins are determined/exchanged. It'll remain as the intermediary that can be settled for fiat, but not for everyday use. Lots of coins out there with lots of purposes. There's room for all to survive and thrive.

Gens09

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Bitcoin is the most successful cryptocurrency so it cannot die easily in just a split time that can happened but doesn't mean it will gonna happened we can see the bitcoin price go down a lot but I guess it is just the circulation in the market and will go up again these coming weeks.

Boseda

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Quote from: batang_bitcoin on May 14, 2017, 08:25:54 AM

I don't know when these people are going to stop saying that "bitcoin is dead", "bitcoin is gonna die soon", "good bye bitcoin". These people are trying hard to spread misinformation so that they will have chance to buy more at lower price, this is just a scaring tactics so be careful and always remember bitcoin will never die.

Well' that's absolutely not my case, man.

I am not a speculator and I still want Bitcoin to be the best online payment service, a real digital cash. I never bought Bitcoin and never will. I earned all the Bitcoins I have.

Maybe I didn't explain well. In my OP I meant that unfortunately Bitcoin is not a good payment service anymore and that's a fact. Its problems are very easy to see.
But if you consider it a digital asset, well it's still alive and kicking. The price may come up and reach even 5000 $ in the next few months.

But when I say "Bitcoin is gonna die soon" I mean as a payment service. It's useless.

BillyBobZorton

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People will move to LTC in order to make fast, instant, cheap transactions. BTC will remain the number #1 coin but LTC will easily go to $200 ish as more and more people catch up with the fact that right now LTC is the best coin to make transactions with.

BTC can profit from cross chain atomic thing in order to make fast cheap transactions thanks to LTC + segwit + LN.

thesavoyard

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Quote from: BitcoinHunt3r on May 14, 2017, 09:31:21 AM

i never get a problem with payment, if must wait the i will wait my transaction. why you not leave bitcoin instead of make nonsense post like this ?

If BTC fails and crashes it affects us all. It will slow down adoption. So the blind loyalty of this community hurts us all.

BitcoinHunt3r

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i never get a problem with payment, if must wait the i will wait my transaction. why you not leave bitcoin instead of make nonsense post like this ?

thesavoyard

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The main differences between bitcoin and gold. Gold can be spent and is accepted everywhere and it will also be around in 10 years.

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Quote from: xIIImaL on May 14, 2017, 09:23:00 AM

Quote from: salmanahmedone on May 14, 2017, 09:07:36 AM

Quote from: a7594li on May 14, 2017, 08:46:11 AM

Bitcoin is not cash it Gold.
It is a dream

A dream full of hope

And worth a lot of money

Bitcoin is much more worth than Gold and even cash. Seeing the current price of it you can easily say that bitcoin is a precious item. It has now more worth than Gold and it is a most expensive currency,. Those who have already saved bitcoins are now dreaming high to be rich if the price keeps on moving with the same pace.

Bitcoin is worthier than anything because of it's price range and demand on bitcoin.I don't know why government does not makes the bitcoin as legal in all the countries apart from Japan.still many adoptionhad increase towards bitcoin.
One bitcoin was compare with one ounce of gold in Last February but now it's most costlier than that.

Why do you compare bitcoin with an ounce of gold?
Not with a kilogram for example?

Those comparisons are plain stupid. It makes no sense comparing a barrel of oil with two cows and saying that milk is more expensive than gasoline.

xIIImaL

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Quote from: salmanahmedone on May 14, 2017, 09:07:36 AM

Quote from: a7594li on May 14, 2017, 08:46:11 AM

Bitcoin is not cash it Gold.
It is a dream

A dream full of hope

And worth a lot of money

Bitcoin is much more worth than Gold and even cash. Seeing the current price of it you can easily say that bitcoin is a precious item. It has now more worth than Gold and it is a most expensive currency,. Those who have already saved bitcoins are now dreaming high to be rich if the price keeps on moving with the same pace.

Bitcoin is worthier than anything because of it's price range and demand on bitcoin.I don't know why government does not makes the bitcoin as legal in all the countries apart from Japan.still many adoptionhad increase towards bitcoin.
One bitcoin was compare with one ounce of gold in Last February but now it's most costlier than that.

Iranus

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Quote from: salmanahmedone on May 14, 2017, 09:07:36 AM

Quote from: a7594li on May 14, 2017, 08:46:11 AM

Bitcoin is not cash it Gold.
It is a dream

A dream full of hope

And worth a lot of money

Bitcoin is much more worth than Gold and even cash. Seeing the current price of it you can easily say that bitcoin is a precious item. It has now more worth than Gold and it is a most expensive currency,. Those who have already saved bitcoins are now dreaming high to be rich if the price keeps on moving with the same pace.

Claiming that Bitcoin is worth more than gold is meaningless. One Bitcoin (an arbitrary amount of Bitcoin) is worth more than one ounce of gold (also an arbitrary amount). The amount of money that people hold in gold is many times more as gold is actually viewed as a safe haven asset.

People claiming that Bitcoin is "digital gold" are missing the point somewhat. To most people, a currency is a store of value. The more convenient Bitcoin is to spend, the more stable the price becomes as people have a fairly consistent amount of money in it, and therefore its value as "digital gold" increases as well as it has more of an intrinsic value.

So Bitcoin should ideally be both at once.

stompix

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Quote from: thesavoyard on May 14, 2017, 08:29:23 AM

Quote from: stompix on May 14, 2017, 07:22:51 AM

Quote from: thesavoyard on May 14, 2017, 05:30:37 AM

Bitcoin will die because it's community is loyal, stupid and greedy. Satoshi never intended for BTC to be the world's money, he introduced a new technology. He was aware btc could not survive due to lack of updates.

Monero I think offers nothing that isn't being done better by Zcash. Her obnoxiously loyal trolling community can't save her. I'd put my money on Dash and Zcash due to virtue but I haven't seen the crypto market being driving by rationalism, just brand loyalty.

Lauda, you're a joke. Btc can't even transfer money. Can't due instant payments. Can't combat the double spend scams and will never be updated to increase capacity or resist quantum computing. Not to mention the problems that will come in the future do to the laws of the universe governing decay....

So the major disadvantage of bitcoin is that it has a loyal community.

No matter how I look at it I can't picture a single situation where loyalty is bad.Probably in the dark ages but that's in the past.
And btc can transfer money, can have fast payments and can combat double spend issues.

Laws of universe governing decay? What the hell is that?

your loyalty to segwit and BU guarantee BTC will not adapt.I'd rather have intelligent, rational people promoting my coin than loyal idiots.

I wonder how did you realize I'm loyal to segwit and BU....at the same time :
How about you stick to your crappy altcoins and leave us "loyal idiots" alone.

Also, I'm a little curios about "your coin". Wonder what crap that is.

salmanahmedone

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Quote from: a7594li on May 14, 2017, 08:46:11 AM

Bitcoin is not cash it Gold.
It is a dream

A dream full of hope

And worth a lot of money

Bitcoin is much more worth than Gold and even cash. Seeing the current price of it you can easily say that bitcoin is a precious item. It has now more worth than Gold and it is a most expensive currency,. Those who have already saved bitcoins are now dreaming high to be rich if the price keeps on moving with the same pace.

Qunenin

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Quote from: ABCbits on May 14, 2017, 07:34:45 AM

I'm sure the community will think to force BU hardfork or activate UASF even they can't earn lots of support (50% or more) rather than stuck at current condition with high fees and drama and i support that even though it will split the blockchain and crashing bitcoin price.
So, the problems will be resolved and both party (SegWit and BU) don't have to fight anymore Roll Eyes

I think BU and SegWit both will have some impact on bitcoin price rise or fall, but it will not be permanent . Bitcoin is well established by now and thing like these wont effect the bitcoin price for long. Bitcoin in now been a long lasting currency and no longer just a pump dump coin on breaking news like it was before a few years back.

thesavoyard

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Quote from: mackenzied on May 14, 2017, 08:31:02 AM

Quote from: Boseda on May 14, 2017, 02:44:52 AM

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:

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?

In this case, I'm sure that bitcoin will not die, people may no longer be fond of it, however, that will quickly end. Bitcoin is going to decide on segwit, and when this happens, every issue will be resolved and bitcoin will continue to grow.

Except it can't do what it was intended to do, act as a online currency. It can't be a value store, that's a ponzi scheme.

Bitcoin can't do 4 transactions per second and segwit is a temporary patch for scaling that will not fix it's slow speed and other weaknesses.
https://blockchain.info/unconfirmed-transactions

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Bitcoin would be at 5k right now if there wasn't a scaling problem. Bitcoin might not die completely if it doesn't scale, but it certainly won't flourish.

Quote from: a7594li on May 14, 2017, 08:46:11 AM

Bitcoin is not cash it Gold.

White paper says its cash. Thanks to Blockstream, Satoshi's vision for Bitcoin has become unpopular politically. Very sad.

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