Topic: Bitcoin longevity (Read 324 times)

As for now, I reckon there is no much demands on the market. It is not that bitcoin has lost its popularity and it is going to die. Even altcoins are facing the same thing. But it is because the big investors are dominating the price and they are manipulating it. Added to that statement, people are afraid of bitcoin. They just want to sell their coins before it continues to drop, and that is a wrong choice, indeed. That is why people need to be patient.

Bitcoin will have a long time playing in the market and trying to improve the situation.

that means it will never fall / die, there is bitcoin will grow and bitcoin users will increase, especially with the development of the increasingly advanced internet-internet has entered the village, so it is possible that bitcoin users will spread to regions.

What's dangerous here is that, if your bitcoin cryptoCurrency is exposed to malware, then the bitcoin in the wallet can be hacked by irresponsible people. The risk of being accidentally erased is also susceptible to be experienced by bitcoi owners so that when it happens it cannot be traced to where it is lost. People who are experts in the field of computerization can also be very vulnerable to stealing bitcoin money stored in the wallet.

As for now, I reckon there is no much demands on the market. It is not that bitcoin has lost its popularity and it is going to die. Even altcoins are facing the same thing. But it is because the big investors are dominating the price and they are manipulating it. Added to that statement, people are afraid of bitcoin. They just want to sell their coins before it continues to drop, and that is a wrong choice, indeed. That is why people need to be patient.

Fact is that the whole crypto industry has not been innovative enough this year, which is quite a shame. It's like the bear market has completely covered this industry with so much negativity, that not much seems to happen.

When "demand" for Bitcoin rises, the price of Bitcoin rises. If "demand" is lacking, prices will go down. That's the opposite. Unlike matawang fiat or escort. Prices and values can be escorted by parties in power or manipulated by certain parties.

Bitcoin isn't losing or gaining value. Coins tied to Bitcoin do. 1BTC = 1BTC.

It's not the best thing to add so much importance to Bitcoin's dominance in terms of its market cap. Altcoins are similar to leveraged positions which make them go up and down way beyond Bitcoin's price movements.

If we indeed happen to see a somewhat decent increase this year, it will pump altcoins back to where they started before the recent decline, and who knows what an altcoin season (if it still exists) is capable of doing.

Fact is that the whole crypto industry has not been innovative enough this year, which is quite a shame. It's like the bear market has completely covered this industry with so much negativity, that not much seems to happen.

Bitcoin is losing its value in terms of price but it is gaining dominance for the few days and it already passed 50% which maybe the most all time high of this year,so bitcoin is most trusted by others when comparing others,we may see another good run in the end of the year due to many factors.

I do not know about you, but I still see that bitcoin is losing its popularity and losing its dominant value among the crypto currency. Perhaps this is temporary, we'll see. However, while bitcoin is far from being in better shape and lags far behind many coins in technical characteristics and functional capabilities.
The next five months, that is, before the end of this year, should show what will happen to bitcoin in the future.

The next five years is rather too short for the strong competition I believe you are talking of. For certain people, it could seem as if bitcoin is losing its popularity because price has not pumped but I don't think this is exactly the true situation. The digital currency is facing greater challenges this year because of the soaring price from last year and so, many questions are being asked.

Bitcoin is a software protocol. It can be updated/upgraded throughout the years to make sure it remains relevant and that's exactly what has been happening.

Another important aspect is that in the crypto world having "better" alternatives doesn't mean they will surpass the "older" protocols. Bitcoin is still the top dog. Ethereum is firm second, where in both cases there are "better" alternatives but they fail to convert that into success because it has little meaning here. It has proven to be nearly impossible to gain ground as new project, and another thing is that the majority of the projects that do pop up nowadays are centralized.

I do not know about you, but I still see that bitcoin is losing its popularity and losing its dominant value among the crypto currency. Perhaps this is temporary, we'll see. However, while bitcoin is far from being in better shape and lags far behind many coins in technical characteristics and functional capabilities.
The next five months, that is, before the end of this year, should show what will happen to bitcoin in the future.

I understand that the supply of Bitcoins, by design, will not continue to grow to infinity, but is "capped" at 21,000,000. This amount is not in circulation, however, because there are coins that have yet to be mined. I also understand that the reward for a successful miner is 25 coins, but that the reward will be reduced by a factor of 0.5 at certain points. It seems like the supply of coins will always approach 21,000,000 but never actually get there - a limit. If this is all accurate, does this imply that the incentives for miners will also be reduced? As time goes on, following this logic, miners should stop working altogether, at which point, new transactions can no longer be added. The Bitcoin phenomenon is hard for many to understand. Given it’s a digital currency that has no central authority, has mystery surrounding its creator and revolves around ‘online mining’ for its creation, it’s easy to understand why.
That answer appears quite simple: growing media interest has created a spiral of demand. The more rapidly the price has moved, the more press coverage it has received and, consequently, the more people have been introduced to – and demanded – the digital currency.
Assuming this all plays out, would people simply "roll" into a new blockchain at that time? First of all the miners also collect all the fees from all transactions. That should compensate for the reduction in new coins being mined. Another factor is the price of Bitcoin, either in USD or by the time USD doesn't exist anymore, the number of aircraft carriers you can buy for 1 Bitcoin.
Rolling out a new chain will actually probably become harder and harder over time as the network effect causes people to use the chain that is most useful. The number of other people that use it is a big part of its usefulness.

Bitcoin is a technology and technology does not last forever. [There must be a new technology better than Bitcoin, so evolved human]

I personally think bitcoin has a higher tendencity to stay on the market and won't go off. Bitcoin is the grandpapa of all cryptos and hence have the ability to stay on the market and pave way for other cryptos, hence bitcoin is no match to other cryptos. Every ground breaking projects attracts investors and promoters. Bitcoin as a ground breaking project will certainly be acceptable everywhere in the world. Since other countries wants to invent their own cryptos, there will certainly be fighters of bitcoin, nevertheless, bitcoin still remains the peak. Bitcoin has already started proving people wrong. People never believed it will last for even a year when it came in 2009, but we are in 2018 and bitcoin is still popping higher. As the internet literacy rate in countries increases, and people gets to know more about internet trading and marketting, bitcoin will raise the economic status since there will be a lot of bitcoin millionaires in the system.

If you are on the top, there's always someone who wanted to pull you down and take that spot. ETH and Ripple (XRP) and Bitcoin Cash (BCH) have attempted but failed.