BTC is near to end | Bitcointalksearch.org

Undamobil

newbie

Activity: 107

Merit: 0

Quote from: Eranoba02 on September 05, 2018, 05:51:05 AM

I don't think bitcoin is coming to end, I even think very soon bitcoin will serve as such of exchanging good and services all over the world ,I don't think bitcoin will end

How can bitcoin end, we know that since the inception of bitcoin in 2009 the price is truly extraordinary and not a few who don't understand blockchain technology

Roidz92

full member

Activity: 560

Merit: 106

Completely wrong bro. By the way, if btc has no future, what we will use as a money in future? Cheesy

You know that usd/EUR/fiat will collapse in some year, and if you say "no", we can't continue talking.
So when fiat money will collapse, what will happen to people's money? surely we will not have another crypto out of bitcoin.

killat

member

Activity: 742

Merit: 21

Be the reason someone smiles today

Bitcoin is not near to end, mate. You might think this if you invested more than you can afford to lose and you are panicked now by seeing the price decreasing.

However, in worst case scenario, Bitcoin might transform into a holding asset like gold and not to become a currency for daily usage. But even so, this would not be the end of Bitcoin.

dohh

jr. member

Activity: 332

Merit: 1

Quote from: Fitrilalala on September 06, 2018, 12:39:00 AM

Quote from: dohh on September 05, 2018, 06:22:22 AM

Quote from: Compiler on September 05, 2018, 06:14:20 AM

I do not think that Bitcoin ends so soon and less now that people who are not so up-to-date start to get to know it a bit more. Although if this year does not rise in December, I do not know if it would be the end or not, but it would be bad news and many people would back out.

Why people expect BTC to rise this year? Believe me: if there was a real strong reason to expect, that BTC will skyrocket this year, there would be much more transactions and active new addresses. Despite of if BTC is legit or scam.

well i dont think you are wrong but i do think we are in stage of regulations and there is still so many uncetainity which make so many FUD. We are about to enter the blockchain era and also i do think market will be better in november. Recent dump is caused by golfman sach cancel to open custody cause they think its hard to do it and crypto regulation still uncertain.

What would be advesative to FUD? BFS - boiled frog syndrome?

dohh

jr. member

Activity: 332

Merit: 1

Quote from: Payme21 on September 06, 2018, 12:35:35 AM

You have some strong points there but I really don't think bitcoin will end anytime soon. There is a future for it as more and more followers are being recruited and more acceptance is seen

Thats is not true after 2016 either.

https://bitinfocharts.com/comparison/sentbyaddress-btc.html

If You look at actual ACTIVE and unique addresses, You see no important growth in there. It has been decreasing even before "skyrocket" at the end of last year, when it certainly grew for a short while.

Fitrilalala

member

Activity: 248

Merit: 10

The Exchange for EOS Community

Quote from: dohh on September 05, 2018, 06:22:22 AM

Quote from: Compiler on September 05, 2018, 06:14:20 AM

I do not think that Bitcoin ends so soon and less now that people who are not so up-to-date start to get to know it a bit more. Although if this year does not rise in December, I do not know if it would be the end or not, but it would be bad news and many people would back out.

Why people expect BTC to rise this year? Believe me: if there was a real strong reason to expect, that BTC will skyrocket this year, there would be much more transactions and active new addresses. Despite of if BTC is legit or scam.

well i dont think you are wrong but i do think we are in stage of regulations and there is still so many uncetainity which make so many FUD. We are about to enter the blockchain era and also i do think market will be better in november. Recent dump is caused by golfman sach cancel to open custody cause they think its hard to do it and crypto regulation still uncertain.

Payme21

jr. member

Activity: 252

Merit: 1

You have some strong points there but I really don't think bitcoin will end anytime soon. There is a future for it as more and more followers are being recruited and more acceptance is seen

CryptoNoneOriginal

newbie

Activity: 4

Merit: 0

Don't fear people, Bitcoin will always recover no matter what happens.

dohh

jr. member

Activity: 332

Merit: 1

Quote from: gajebo on September 05, 2018, 11:55:51 PM

Are you sure bitcoin will end ?, Even though the price is now falling but the price is still quite high compared to the initial price of bitcoin in 2009, I believe that the future of bitcoin will be bright and will not end now.

Yes I´m sure. And yes, BTC price is higher, than 2009. And I even agree, that it will (temporarily) grow again. Thats the essence of pump & dump.

dohh

jr. member

Activity: 332

Merit: 1

Quote from: vfrcbv91 on September 06, 2018, 12:22:39 AM

Quote from: dohh on September 05, 2018, 05:31:58 AM

First block of proof. (I explain, why BTC in current state doesnt have future of 20 or 40 years, when all 21M BTC will be released, It will end much earlier).

It is no secret, that solving blocks is getting more difficult and that is happening in exponential rate.
https://bitinfocharts.com/comparison/bitcoin-difficulty.html

At the same time, profitability of mining vanishes into zero. It has ROI negative in most of countries already.
https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html

At the same time Hash rate grows and grows.
https://bitinfocharts.com/comparison/bitcoin-hashrate.html

Its a common myth here, that vanishing profitability of mining is covered by transaction fees, but that is far from being true.

https://bitcoinfees.info/

Conclusion: mining is getting more and more pointless and that is happening in furious pace!

The profitability of mining has now become negative, but this does not prevent people from mining now. I think it is temporary and soon miners will make a profit.

NO, it will get worse. And very quickly. Look at those graphs, I posted in OP, they can not be turned back.

buternasek

member

Activity: 336

Merit: 12

Quote from: dohh on September 05, 2018, 05:31:58 AM

First block of proof. (I explain, why BTC in current state doesnt have future of 20 or 40 years, when all 21M BTC will be released, It will end much earlier).

It is no secret, that solving blocks is getting more difficult and that is happening in exponential rate.
https://bitinfocharts.com/comparison/bitcoin-difficulty.html

At the same time, profitability of mining vanishes into zero. It has ROI negative in most of countries already.
https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html

At the same time Hash rate grows and grows.
https://bitinfocharts.com/comparison/bitcoin-hashrate.html

Its a common myth here, that vanishing profitability of mining is covered by transaction fees, but that is far from being true.

https://bitcoinfees.info/

Conclusion: mining is getting more and more pointless and that is happening in furious pace!

I think currently bitcoin mining is almost unprofitable, unlike the previous year.
the level of difficulty is getting higher, the cost of electricity consumption continues to rise, plus the current market conditions make people increasingly reluctant to do mining.

vfrcbv91

full member

Activity: 337

Merit: 102

Quote from: dohh on September 05, 2018, 05:31:58 AM

First block of proof. (I explain, why BTC in current state doesnt have future of 20 or 40 years, when all 21M BTC will be released, It will end much earlier).

It is no secret, that solving blocks is getting more difficult and that is happening in exponential rate.
https://bitinfocharts.com/comparison/bitcoin-difficulty.html

At the same time, profitability of mining vanishes into zero. It has ROI negative in most of countries already.
https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html

At the same time Hash rate grows and grows.
https://bitinfocharts.com/comparison/bitcoin-hashrate.html

Its a common myth here, that vanishing profitability of mining is covered by transaction fees, but that is far from being true.

https://bitcoinfees.info/

Conclusion: mining is getting more and more pointless and that is happening in furious pace!

The profitability of mining has now become negative, but this does not prevent people from mining now. I think it is temporary and soon miners will make a profit.

virendarnagpal

member

Activity: 672

Merit: 12

Quote from: dohh on September 05, 2018, 05:31:58 AM

First block of proof. (I explain, why BTC in current state doesnt have future of 20 or 40 years, when all 21M BTC will be released, It will end much earlier).

Necessity is the mother of inventions. Issue raised by you ; I do not object to that. You have given links favuring your arguments. But still it can not be an end to an era.

I am also of the view that nothing is permanent in this Universe. Even big stars which are thousands times bigger than earth have to die one day. So Bitcoin is very minor thing as compared to those stars.

But still I am of the view that there will be certain inventions resolving the problems mentioned by you or some better alternative will be invented.

skeletica

newbie

Activity: 138

Merit: 0

the higher the level of difficulty, the cost of electricity consumption which is the duty of miners who still have to be paid.
I think currently miners who have little capital will stop mining, unless they have 3 times the capital.

gajebo

full member

Activity: 406

Merit: 100

Are you sure bitcoin will end ?, Even though the price is now falling but the price is still quite high compared to the initial price of bitcoin in 2009, I believe that the future of bitcoin will be bright and will not end now.

Anam313

newbie

Activity: 42

Merit: 0

I think it will never end and if the value changes it does not mean that Btc is at the end but some issues come in the crypto market which change the demand and supply so the price change with that and it's value is not controlled by any central department so the stability is not seen in this market.

dtpman

newbie

Activity: 28

Merit: 0

not possible to BTC near to end

vickybitcoin

newbie

Activity: 149

Merit: 0

Quote from: dohh on September 05, 2018, 05:31:58 AM

First block of proof. (I explain, why BTC in current state doesnt have future of 20 or 40 years, when all 21M BTC will be released, It will end much earlier).

It is no secret, that solving blocks is getting more difficult and that is happening in exponential rate.
https://bitinfocharts.com/comparison/bitcoin-difficulty.html

At the same time, profitability of mining vanishes into zero. It has ROI negative in most of countries already.
https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html

At the same time Hash rate grows and grows.
https://bitinfocharts.com/comparison/bitcoin-hashrate.html

Its a common myth here, that vanishing profitability of mining is covered by transaction fees, but that is far from being true.

https://bitcoinfees.info/

Conclusion: mining is getting more and more pointless and that is happening in furious pace!

No one can predict the future., the future holds so much possibilities for those who are positive thinkers and for those who sees positivity. Think of positive because we attract what we think of. For almost 10 years now bitcoin has proven is vitality and it has slowly but surely interwoven into the fabric of human life existence especially that we are now in the virtual world or internet. So i can see positive things in the coming years for the bitcoiners!

dohh

jr. member

Activity: 332

Merit: 1

Quote from: mattujusuruga on September 05, 2018, 05:59:24 PM

Seriusly bro, i think you say is bulshit, you say : mining is getting more and more pointless and that is happening in furious pace!. Because we pay electricity and fee so much. Are you dont know about bitcoin price increase every years???

With only 21M total supplay and in the future bitcoin increasingly famous, bitcoin will be rare coin, That's mean expensive

NO it wont increase every year. What is going to happen most likely: BTC will now bounce to nothing, every drop will be deeper, than previuos and every peak lower than previous.

dohh

jr. member

Activity: 332

Merit: 1

Quote from: ephelants360 on September 05, 2018, 06:18:44 PM

Quote from: dohh on September 05, 2018, 06:09:39 AM

Quote from: First77 on September 05, 2018, 06:05:19 AM

Quote from: dohh on September 05, 2018, 05:31:58 AM

Conclusion: mining is getting more and more pointless and that is happening in furious pace!

Mining cost of Gold in 500 to 600/ounce

I know, this is well-known misleading argument. Actually mining BTC is MUCH MORE ineffective.

https://digiconomist.net/bitcoin-mining-more-polluting-than-gold-mining

AND ADDITIONALLY: reward for mining gold is not dropping in exponential rate.

BTC most older mining farms have made significant profits and hopefully can sustain a period of reduced profitability.
It is expected that the new incumbents and potential new institutional entrants will push the price of BTC higher.
Even though there are no absolutes, if a miner has enough to carry the cost of running the operation,
it seems the bias would be toward maintaining a view that BTC is going to reach new record highs.

This wont be a period. This will be forever. Quite simple math.

Topic: BTC is near to end (Read 926 times)