Bitcoin is never going to be extinct - page 2.

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Quote from: Colt81 on November 01, 2019, 10:02:56 AM

Quote from: bigpigliuxiaoqin on October 16, 2019, 02:43:17 AM

Bitcoin is never going to be extinct
I believe its consensus will be higher and higher in the future.

I can't say that bitcoin will never going to be extinct or to die because everything has an end, but for sure i believe that bitcoin will live for a long years because there are a huge possibility that everyone in the world will adopt bitcoin and it will continue to increase it's price in the future.

Every thing have the end of live and bitcoin become the end after many investor left and not interested with bitcoin, we can't say bitcoin is never going to be extinct, if bitcoin price keep stable and higher maybe have long live and bitcoin suddenly die and less investor if price down and many country have banned using bitcoin, price of bitcoin can continue how exist bitcoin several years later.

Shasha80

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In my opinion everything has its age and everything has a beginning and an end. Not different from bitcoin too, bitcoin will
eventually end. Or technology will continue to develop and I'm sure that someday there will be more great technology from
the blockchain, that's when bitcoin will go extinct. But take it easy it can happen several decades from now, in the near future
I'm sure bitcoin with its blockchain technology is still the greatest and will continue to grow.

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Quote from: cotton ball on October 31, 2019, 11:46:58 AM

Bitcoin can be extinct if have lower price few year later, many investor do not care if bitcoin have lower price and move their money to other investment kinds, if bitcoin want keep exist for long time have to make bitcoin keep have higher price, never break down under $200 if bitcoin want to keep exist several years later, almost many project investment have extinct because bad reputation with lower price.

Also take into consideration that another man’s food is another man’s poison and vice versa, if bitcoin get a low price today, we have different people with different mind, purpose and interest at any given time. As that price discourages some people, so it will encourage some people and then push them into making an investment in the coin at that price.

If you think that in future when bitcoin dump, it will make the system to collapse, that is totally not going to happen, and also remember that bitcoin technology is one that no one can break into it to destroy it, provided the building is not destroyed, it will always get somebody to occupy it at any time. The more the year proceed, the more we will be having more of adoption which there will never be an end since more and more generations are being born.

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Quote from: bigpigliuxiaoqin on October 16, 2019, 02:43:17 AM

Bitcoin is never going to be extinct
I believe its consensus will be higher and higher in the future.

For me, there is always a probability that bitcoin can be replaced. But if we are talking about extinction that it will be gone the percentage is very meager especially at this moment because bitcoin is the founder of cryptocurrencies, most well-known crypto, the acceptance and legality is much higher compared to another cryptocurrency, and also we know that many cryptos/ alts are created because of bitcoin. But still no one knows, extinction is real.

Colt81

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Quote from: bigpigliuxiaoqin on October 16, 2019, 02:43:17 AM

Bitcoin is never going to be extinct
I believe its consensus will be higher and higher in the future.

I can't say that bitcoin will never going to be extinct or to die because everything has an end, but for sure i believe that bitcoin will live for a long years because there are a huge possibility that everyone in the world will adopt bitcoin and it will continue to increase it's price in the future.

millennium00

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The current outlook for Bitcoin is very positive, this year 2019 its recovery has been remarkable and we observe that every day more companies accept Bitcoin, with that trend, Bitcoin is expected to consolidate much more over the years, however, no There is full certainty of this, because the market is changing, if suddenly there is an Altcoin with greater advantages, the market could radically lean towards that project, something that has not happened so far.

Eugenar

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What will happen is that, all the bitcoins will be mined, but it doesn't necessarily means that the bitcoin will be extinct. Why? Since every halving we can notice price increase, as if all the bitcoin will be mined, the market price of bitcoin will be so huge. In a sense that, every people would like to hodl bitcoin, and because of huge demand, it can be a replacement to fiats in terms of daily transactions.

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Quote from: AicecreaME on November 01, 2019, 05:00:19 AM

Quote from: cotton ball on October 31, 2019, 11:46:58 AM

Bitcoin can be extinct if have lower price few year later, many investor do not care if bitcoin have lower price and move their money to other investment kinds, if bitcoin want keep exist for long time have to make bitcoin keep have higher price, never break down under $200 if bitcoin want to keep exist several years later, almost many project investment have extinct because bad reputation with lower price.

I'll cut the goose chase here.

We have only limited supply of bitcoins in the market (21,000,000), yes, we have the word "limited" in bitcoin, meaning it will run out someday, then extinction will happen.

It is going to take some time before that supply runs out, so no worries, we would be dead by that time.

That makes no sense, did you want the supply to be unlimited? it is true that it would be very nice if all people (including me) could mine bitcoin using our video cards and honestly i wonder how it will be in the future when the price of electricity is too big, how many people are going mining bitcoin if the electricity price is too high? I believe big companies will dominate the bitcoin mining sector

Quote from: Sebas.tian on October 17, 2019, 01:06:31 AM

Without iota if doubt Bitcoin has been accepted by many countries and yet to legalize it.

since bitcoin creation, the bitcoin legalization part of many countries has been the slowest side of achieving

Quote from: BonfireBob on October 18, 2019, 07:44:25 AM

Do not put your faith in anything, If you have a portfolio diversify it. Nobody knows how long P2P, Banks, Crypto will last.

Imagine the people who sold their houses and bought BTC. I think it is better to have a place where to live than invest all of your fortune to one thing.

if you only have one house and sell your only house to buy bitcoin then this person urgently needs financial advice

djsugar

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I want to bring another possibility into consideration here.
Bitcoin is limited. There only can be at most of 21 million into circulation. Almost 20% of the total supply is already lost which won't be able to be recovered. This thing is going to continue in future as well. More and more Bitcoins will be lost with the time as people are gonna die or forget their keys and this gonna create a serious problem to the volume.

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Quote from: karanggatak on October 31, 2019, 10:32:21 PM

Quote from: bigpigliuxiaoqin on October 16, 2019, 02:43:17 AM

Bitcoin is never going to be extinct
I believe its consensus will be higher and higher in the future.

we will never know what will happen in the future, we can only predict and everything can happen. but when people say that bitcoin will go extinct, I don't believe it. because in my view, bitcoin has been preferred by many people because they can benefit from making profits or making transactions easier. and I think, as time goes by, surely more and more people understand bitcoin and want to use it. when all that happens, it's clear the number of requests will increase. and that way, we can already guess what will happen later. in my opinion, bitcoin will not become extinct, instead the price will be higher.

I agree with your opinion, and that is a logic that makes sense in my opinion. We all know that the amount of bitcoin is limited, and it will be more valuable if everyone wants to have it because they realize that bitcoin is useful if used for investments or transactions. when the number of requests gets bigger, while the number of offers decreases, I'm sure the price of bitcoin will get higher. and with that logic, I'm also not sure if bitcoin will become extinct.

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I am hoping that this will not happen. Honestlyn when I first know bitcoin or anything about crypto currencies, I have no interest in it. But when the time I finally understand and learn more deeply about it, it gives me light to what I really wanted for it. I wanted the Bitcoin and the whole crypto currency community become more globally know and understand by the people.

AicecreaME

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Quote from: cotton ball on October 31, 2019, 11:46:58 AM

Bitcoin can be extinct if have lower price few year later, many investor do not care if bitcoin have lower price and move their money to other investment kinds, if bitcoin want keep exist for long time have to make bitcoin keep have higher price, never break down under $200 if bitcoin want to keep exist several years later, almost many project investment have extinct because bad reputation with lower price.

I'll cut the goose chase here.

We have only limited supply of bitcoins in the market (21,000,000), yes, we have the word "limited" in bitcoin, meaning it will run out someday, then extinction will happen.

It is going to take some time before that supply runs out, so no worries, we would be dead by that time.

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Quote from: Mandoy on October 16, 2019, 02:49:23 AM

Quote from: bigpigliuxiaoqin on October 16, 2019, 02:43:17 AM

Bitcoin is never going to be extinct
I believe its consensus will be higher and higher in the future.

It is not certain if bitcoin will be here for a lifetime. There is still a tendency that it will be replaced by a much more better currency. Just like the fiat currency that we wanted to be replaced with cryptocurrency, bitcoin will also come to a point that people will be tired by it and create much more better currency. But this event will be no happening within a decade starting today since I believe bitcoin will reach the point of being mainstreamed and will be accepted by all countries. But far off in the future everything has a limit and an end and bitcoin is included.

it took forever to get to this point n ur argument was extinct well before that

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Quote from: cotton ball on October 31, 2019, 11:46:58 AM

Bitcoin can be extinct if have lower price few year later, many investor do not care if bitcoin have lower price and move their money to other investment kinds, if bitcoin want keep exist for long time have to make bitcoin keep have higher price, never break down under $200 if bitcoin want to keep exist several years later, almost many project investment have extinct because bad reputation with lower price.

Bitcoin will go extinct if no one has confidence in bitcoin, even bitcoin will be worth 0 and extinct forever. We must continue to believe in bitcoin and keep using it so that bitcoin does not lose confidence.

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Quote from: bigpigliuxiaoqin on October 16, 2019, 02:43:17 AM

Bitcoin is never going to be extinct
I believe its consensus will be higher and higher in the future.

we will never know what will happen in the future, we can only predict and everything can happen. but when people say that bitcoin will go extinct, I don't believe it. because in my view, bitcoin has been preferred by many people because they can benefit from making profits or making transactions easier. and I think, as time goes by, surely more and more people understand bitcoin and want to use it. when all that happens, it's clear the number of requests will increase. and that way, we can already guess what will happen later. in my opinion, bitcoin will not become extinct, instead the price will be higher.

xiboothrezi

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Just like the BTC price increase that was unthinkable, deep price declines can happen at any time. So, in this case, we should not only focus on speculation. Both fundamental and technical analysis is needed to ensure that you are on a safe track. Prepare yourself with all risks, strengthen mentally and avoid being affected by emotions, we must be tactical in this matter. Always prepare plan B, don't be greedy, if possible take profit to build a real business.

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Bitcoin can be extinct if have lower price few year later, many investor do not care if bitcoin have lower price and move their money to other investment kinds, if bitcoin want keep exist for long time have to make bitcoin keep have higher price, never break down under $200 if bitcoin want to keep exist several years later, almost many project investment have extinct because bad reputation with lower price.

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Quote from: DatKing on October 30, 2019, 04:31:21 PM

Quote from: bigpigliuxiaoqin on October 16, 2019, 02:43:17 AM

Bitcoin is never going to be extinct
I believe its consensus will be higher and higher in the future.

I agree with you. In my opinion, Bitcoin is the last cryptocurrency that has the possibility of being extinct. It is the most powerful currency in the market. If it extincts, the market will have hard days I suppose.

Bitcoin might have all the chances to become mainstream in the future but i think it will also lost its value after a long time just like other currencies. Investing in bitcoin has always been very risky especially that governments are thinking to ban it but i know it will never be as easy as that. Bitcoin will still have to be very powerful in the future before it will lost its own value.

It is impossible, if there will be no development and bitcoin will remain the same even after a long time. It will become useless and people will move to another currency that is good enough to consider its value in the future.

Quote from: johnvert247 on October 30, 2019, 07:35:31 PM

Quote from: bigpigliuxiaoqin on October 16, 2019, 02:43:17 AM

Bitcoin is never going to be extinct
I believe its consensus will be higher and higher in the future.

Technology changes from time to time, that's the reality. We can
expect bitcoin's successor in the future.

Or maybe we can expect bitcoin to become our future. Bitcoin can be develop and improve. We can't still see its maximum capability, unless it happens, bitcoin will remain.

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Quote from: bigpigliuxiaoqin on October 16, 2019, 02:43:17 AM

Bitcoin is never going to be extinct
I believe its consensus will be higher and higher in the future.

Technology changes from time to time, that's the reality. We can
expect bitcoin's successor in the future.

DatKing

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Quote from: bigpigliuxiaoqin on October 16, 2019, 02:43:17 AM

Bitcoin is never going to be extinct
I believe its consensus will be higher and higher in the future.

I agree with you. In my opinion, Bitcoin is the last cryptocurrency that has the possibility of being extinct. It is the most powerful currency in the market. If it extincts, the market will have hard days I suppose.

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