Topic: BTC is near to end - page 6. (Read 926 times)
I do not believe in that. Because bitcoin has gone down today. It's not the end of bitcoin just because it's down. This is a recurring rebound today. Bitcoin is not a temporary coin. This is a value of a highly reputable coin. This coin is responsible. Everybody approved it. And a recognized coin in the world. Even if its value is downgraded, value here will be appreciated in the future. You'll see optimism about bitcoin. This is not the end of bitcoin.
Too much FUD. Bitcoin can't die, it has too many users and too much money is already invested in mining operations. THe supply doesn't matter because bitcoin can be broken down into smaller units.
I prefer term "rational brain" to "FUD", but Im ok with Your version too. If supply doesnt matter, then it means, BTC is overkilled in ridiculous extent.
BTC can certainly die. Lost money is not important, just as soon as "greater fool pool" runs empty, BTC dies. You wont be able to earn Your money back by any other means, than people buying Your coins at higher rate, than You had them.
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 read it also on some article or blog that bitcoin will really nearly to fully mine or the budget for mining is really going to consume. i dont know what will be the effect of it but i hope it will not going to be a reason for some problem.
If BTC mining is important for Blockchain technology, it will be a huge problem. If BTC mining is not so important, then it is a scheme.
I read it also on some article or blog that bitcoin will really nearly to fully mine or the budget for mining is really going to consume. i dont know what will be the effect of it but i hope it will not going to be a reason for some problem.
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.
Too much FUD. Bitcoin can't die, it has too many users and too much money is already invested in mining operations. THe supply doesn't matter because bitcoin can be broken down into smaller units.
Boзмoжнo oтмeнят,кoгдa BTC ceбя пoлнocтью иcчepпaeт и ввeдyт чтo-тo нoвoe?
I agree, its possible. But in big plan it goes for all cryptocurrencies. You can just prolong a bit the time, You scam people.
Boзмoжнo oтмeнят,кoгдa BTC ceбя пoлнocтью иcчepпaeт и ввeдyт чтo-тo нoвoe?
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.
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.
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.
Bitocoin is just starting the reason it was created to solve. Miners will continue to get reward for running the bitcoin network to ensure confirmations. I believe we are just beginning a new dawn of a greater tomorrow. I believe that in the future, more efficient way of mining bitcoin will come up. some are already been worked on to reduce the power consumption and use a green energy too.
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.
Conclusion: mining is getting more and more pointless and that is happening in furious pace!
Mining cost of Gold is $500 to $600/ounce.
I saw on TV, a wildlife photographer found 5 ounces gold nugget in a river. Gold is more easy to get sometimes.
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
That is also not reasonably possible, at least in a stage as BTC is now. Think about energy/computing power cost for paying a single pack of shewing cum.
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
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!
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