Topic: BTC is near to end - page 5. (Read 926 times)
in my opinion it's not the end of bitcoin but the end of mining bitcoin, if bitcoin can't be filtered then the price will definitely be more expensive than now
in my opinion, when mining stops, there will be a very large price explosion of up to 1000% or even up to 10000%,
like XRB, when the mining process is not finished, the price of XRB is only around 0.08 USD, but when the mining process is stopped, and the developer updates, the price of 1 XRB = 40 USD,
like XRB, when the mining process is not finished, the price of XRB is only around 0.08 USD, but when the mining process is stopped, and the developer updates, the price of 1 XRB = 40 USD,
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!
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!
How do you know if mining will be pointless, if btc has a good price it's not pointless at all. Unfortunately you can't look in the future and predict btc prices.
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).
Conclusion: mining is getting more and more pointless and that is happening in furious pace!
I understand that Bitcoin have its own end but no one knows when maybe it could be longer than 20 or 40 years. The price of Bitcoin dictates the profitability of Bitcoin mining and so far it's been that way for a very long time. If the price continues to grow we should be fine and as time goes by more efficient miners will be made to keep Bitcoin mining profitable. There's a lot of things that could change in 20 - 40 years.Conclusion: mining is getting more and more pointless and that is happening in furious pace!
We're still far away from mining all 21m and at that point there could be a better crypto that already killed Bitcoin or the majority continues to use Bitcoin .
Bitcoin has been here for several years now so I don't think it is coming to an end considering that it was on hype few months ago. The rates might be depressing to look at in the past few months but BTC's haven't gone down to $5k rate as far as I know so those who were able to have BTC last year are still in profit this year. The rates these days might be sad news but I'm praying that it will surpass atleast the $10k mark this holiday season.
Most of early years of BTC scheme was not active, it was mostly for generating coin pool for whales and distributing early coins.
The harder it will be to mine Bitcoin , the bigger value will it gain. It's a natural cause of events. I'm very sure that it's not the end of Bitcoin as it is a way to financial freedom for many.
Please read links, I provided in first post. What You just said is just not true. Mining difficulty is growing in exponential rate, BTC values not.
Bitcoin price is actually growing exponentialy. And the price now is low mostly because of manipulations. Whales needs to get BTC cheap before next pump.
https://ethereumworldnews.com/bitcoin-could-be-worth-20k-200k-or-even-2-million-predicts-expert/
That is actually a pro to most of my posts here. BTC is a pump and dump scheme. You are right, it is. But in this current topic I wrote about mining specifically.
Bitcoin has been here for several years now so I don't think it is coming to an end considering that it was on hype few months ago. The rates might be depressing to look at in the past few months but BTC's haven't gone down to $5k rate as far as I know so those who were able to have BTC last year are still in profit this year. The rates these days might be sad news but I'm praying that it will surpass atleast the $10k mark this holiday season.
The harder it will be to mine Bitcoin , the bigger value will it gain. It's a natural cause of events. I'm very sure that it's not the end of Bitcoin as it is a way to financial freedom for many.
Please read links, I provided in first post. What You just said is just not true. Mining difficulty is growing in exponential rate, BTC values not.
Bitcoin price is actually growing exponentialy. And the price now is low mostly because of manipulations. Whales needs to get BTC cheap before next pump.
https://ethereumworldnews.com/bitcoin-could-be-worth-20k-200k-or-even-2-million-predicts-expert/
I don't see BTC near it's end and never will it end because very soon it will be accepted as a currency to pay when you buy goods on any online store and if this is done never will it end
There is no endung, although bitcoin is now in a crisis. Haha. It has a low price, low value. That its not good for us. But it is not the end, always think bitcoin is not consistent, maybe tommorow is the good or bad news for bitcoin. We must need to wait for the right time.
I think, bitcoin will not end but will soon recover and will continue to grow, we should continue to think positively and believe in bitcoin and not say or make negative news about bitcoin
That is just being blind. I believe, I reason my arguments pretty well and dont just say: Bitcoin is scam, keep away. If You are to ignore reasoned arguments, its Your freedom of choice.
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.
In every drops, people say that it is the end of bitcoin which the view change when the price increase again. Bad news spread by those people who keep losing because of cutting there losses and cannot wait any longer to gain profit. Many are backing out there investment because cannot face the high risk it could take for longer unstable of price. 
I think, bitcoin will not end but will soon recover and will continue to grow, we should continue to think positively and believe in bitcoin and not say or make negative news about bitcoin
Bitcoin is currently the leading penny in the market. Although the price is low it still stands at the top of the money, I never thought the bitcoin would end. Bitcoin prices will rise again in the near future, I am sure so. Now I just keep waiting for bitcoin to recover in the market. I have faith in bitcoin.
I think Bitcoin will end soon if the price it returns like 2009 ago, then people won't want to buy or invest in Bitcoin anymore. are you sure if Bitcoin will end soon or you just scare people, many people believe that the future of Bitcoin will be bright.
No, whats the point of wasting time and telling something, i dont believe. Today I can say with almost full certainty: BTC will not grow into viable product and many people will be left with huge loss of money.
I wont tell yet, if BTC was designed to be scam, but it certainly turns out to be one.
I agree that difficult for the crypto mining and specifically the bitcoin is rising very fast but that doesnt mean they will stop the mining.
To whom this will affect and who will benefit ?
>> Only individuals who are mining the crypto currencies at lower hash rates will get affected due to this rise in difficulty.
>> Big mining firms, with huge number of hash rate (in PH and more) will sustain the market forever, they will lead the global mining!
>> Thus, mining keeps on going and thus bitcoin will live long life as well.
To whom this will affect and who will benefit ?
>> Only individuals who are mining the crypto currencies at lower hash rates will get affected due to this rise in difficulty.
>> Big mining firms, with huge number of hash rate (in PH and more) will sustain the market forever, they will lead the global mining!
>> Thus, mining keeps on going and thus bitcoin will live long life as well.
Then again, BTC wont meet product main criteria: being decentralized and therefore wont be needed. Very simple.
I think Bitcoin will end soon if the price it returns like 2009 ago, then people won't want to buy or invest in Bitcoin anymore. are you sure if Bitcoin will end soon or you just scare people, many people believe that the future of Bitcoin will be bright.
Conclusion: mining is getting more and more pointless and that is happening in furious pace!
Your conclusion is wrong. If professional miners give up, you could mine at home because difficult Target will be adjusted back to an easier target
You should read the bitcoin whitepaper, Satoshi talks about this subject when halving is done and there is no more incentive to mine , just transaction fees. Just google for it.
I know, what Satoshi talks, Im pretty good in math and crypto in general. Problem is here: if mining in even nearly such amounts is not actually needed, why is it done now?
I know very well, that actual computing need for "verifying transactions" is 0,0001 of what is wasted now.
Satoshi on the other hand is just a nickname of head scammer, You dont even know, who he is.
I agree that difficult for the crypto mining and specifically the bitcoin is rising very fast but that doesnt mean they will stop the mining.
To whom this will affect and who will benefit ?
>> Only individuals who are mining the crypto currencies at lower hash rates will get affected due to this rise in difficulty.
>> Big mining firms, with huge number of hash rate (in PH and more) will sustain the market forever, they will lead the global mining!
>> Thus, mining keeps on going and thus bitcoin will live long life as well.
To whom this will affect and who will benefit ?
>> Only individuals who are mining the crypto currencies at lower hash rates will get affected due to this rise in difficulty.
>> Big mining firms, with huge number of hash rate (in PH and more) will sustain the market forever, they will lead the global mining!
>> Thus, mining keeps on going and thus bitcoin will live long life as well.
I don't think most of the mining pool will let all the bitcoin get mined away so that's why the difficulty of mining bitcoin had increased time to time.
Jump to: