Do you think bitcoins will disapear or become unused? - page 4.

psomas2

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Quote from: RoseMann on August 10, 2016, 08:17:40 PM

I actually do believe that this will happen one day but it will take something major to happen first, that major thing will be the mass adoption of bitcoin. Once enough people begin to use BTC it will slow the transaction speed to a point that it is no longer a competitive speed for a comfortable transaction. once it is not comparable to its competitors and older services such as western union become a more feasible form a wire transaction again Bitcoin will cease to be used. However a new coin will surely take its place having fixed all issues bitcoin has currently. There are already millions of new coins that come out on a variety of exchanges every day. Any one of them can be the next Bitcoin that is only worth fractions of a penny right now.

But in short, yes , just first it will require two things

1. Mass adoption of BTC
2. Failure of BTC to compete due to over usage of blockchain

Also even after that happens i Believe people will still trade BTC for years and years just as collectors do with baseball cards just because it will always have been the first big crypto coin

I pretty much agree with this accept, I do not believe people will even collect it if its worth nothing. You can look at a baseball card and it becomes nostalgia over time, you cant look at or enjoy a digital code saved on a hard drive. (even if you have the entire collection of codes. lol) Grin

RoseMann

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Quote from: terman45x on August 11, 2016, 12:39:42 PM

Quote from: TGD on August 11, 2016, 02:23:04 AM

If the bitcoin will be continue to decrease, there is still people continue to trust it. Buying it cheap and waiting for it to rise again, unfortunately bitcoin will become un used of no other believe in it, if the adoption still there it is still continue to use even if the price will going low.

Bitcoin will become unused if it goes to below $100 level and if it happens majority of users will stop using it and will prefer to invest somewhere else from where they can make good profits.

Nope, it would still definitely be used at that price. that has actually happened before. after BTC hit 285$ per coin for the first time it crashed and hit 60$ for almost a year and millions of people around the world still traded and mined it until it bounced back and after it hit 1000$ it has fallen to below 300$ and it still did not stop it.

terman45x

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Quote from: TGD on August 11, 2016, 02:23:04 AM

If the bitcoin will be continue to decrease, there is still people continue to trust it. Buying it cheap and waiting for it to rise again, unfortunately bitcoin will become un used of no other believe in it, if the adoption still there it is still continue to use even if the price will going low.

Bitcoin will become unused if it goes to below $100 level and if it happens majority of users will stop using it and will prefer to invest somewhere else from where they can make good profits.

Yakamoto

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Quote from: RoseMann on August 11, 2016, 12:33:08 PM

Quote from: goinmerry on August 11, 2016, 12:04:51 AM

Quote from: RoseMann on August 10, 2016, 08:17:40 PM

I actually do believe that this will happen one day but it will take something major to happen first, that major thing will be the mass adoption of bitcoin. Once enough people begin to use BTC it will slow the transaction speed to a point that it is no longer a competitive speed for a comfortable transaction. once it is not comparable to its competitors and older services such as western union become a more feasible form a wire transaction again Bitcoin will cease to be used. However a new coin will surely take its place having fixed all issues bitcoin has currently. There are already millions of new coins that come out on a variety of exchanges every day. Any one of them can be the next Bitcoin that is only worth fractions of a penny right now.

But in short, yes , just first it will require two things

1. Mass adoption of BTC
2. Failure of BTC to compete due to over usage of blockchain

Also even after that happens i Believe people will still trade BTC for years and years just as collectors do with baseball cards just because it will always have been the first big crypto coin

We it can still be a commodity, gold do not have a wire transaction but look at its a price even if it is just a type of stone or metal. I think something can come up once there will be a problem with the speed of transactions.

Cmon dude, Gold has many uses outside of currency, its used as jewelry, its used on circuit boards in almost all modern technology. I don't believe Bitcoin would become a commodity if it failed, it would merely become a collectors item as i stated previously.

I would almost say it would have to become a collector's item to be honest, aside from being a currency or investment there are very few other uses it has, and it doesn't serve much of a purpose as a commodity if it can't be used with anything. Gold and silver have uses, basically every other commodity has some use outside of it's existence. Bitcoin does not.

electronicfactura

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I don't think that Bitcoin will disappear or becomes unused ever. It has reached to the point where it has to move just in one direction which is ahead. Bitcoin has been suppressed in last couple of years but it survived what made it more stronger than ever. We all know future is of digital currencies where Bitcoin will have central position because of limited supply and deflationary feature.

RoseMann

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Quote from: goinmerry on August 11, 2016, 12:04:51 AM

Quote from: RoseMann on August 10, 2016, 08:17:40 PM

I actually do believe that this will happen one day but it will take something major to happen first, that major thing will be the mass adoption of bitcoin. Once enough people begin to use BTC it will slow the transaction speed to a point that it is no longer a competitive speed for a comfortable transaction. once it is not comparable to its competitors and older services such as western union become a more feasible form a wire transaction again Bitcoin will cease to be used. However a new coin will surely take its place having fixed all issues bitcoin has currently. There are already millions of new coins that come out on a variety of exchanges every day. Any one of them can be the next Bitcoin that is only worth fractions of a penny right now.

But in short, yes , just first it will require two things

1. Mass adoption of BTC
2. Failure of BTC to compete due to over usage of blockchain

Also even after that happens i Believe people will still trade BTC for years and years just as collectors do with baseball cards just because it will always have been the first big crypto coin

We it can still be a commodity, gold do not have a wire transaction but look at its a price even if it is just a type of stone or metal. I think something can come up once there will be a problem with the speed of transactions.

Cmon dude, Gold has many uses outside of currency, its used as jewelry, its used on circuit boards in almost all modern technology. I don't believe Bitcoin would become a commodity if it failed, it would merely become a collectors item as i stated previously.

TGD

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Wen Rolex?

If the bitcoin will be continue to decrease, there is still people continue to trust it. Buying it cheap and waiting for it to rise again, unfortunately bitcoin will become un used of no other believe in it, if the adoption still there it is still continue to use even if the price will going low.

goinmerry

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Quote from: RoseMann on August 10, 2016, 08:17:40 PM

I actually do believe that this will happen one day but it will take something major to happen first, that major thing will be the mass adoption of bitcoin. Once enough people begin to use BTC it will slow the transaction speed to a point that it is no longer a competitive speed for a comfortable transaction. once it is not comparable to its competitors and older services such as western union become a more feasible form a wire transaction again Bitcoin will cease to be used. However a new coin will surely take its place having fixed all issues bitcoin has currently. There are already millions of new coins that come out on a variety of exchanges every day. Any one of them can be the next Bitcoin that is only worth fractions of a penny right now.

But in short, yes , just first it will require two things

1. Mass adoption of BTC
2. Failure of BTC to compete due to over usage of blockchain

Also even after that happens i Believe people will still trade BTC for years and years just as collectors do with baseball cards just because it will always have been the first big crypto coin

We it can still be a commodity, gold do not have a wire transaction but look at its a price even if it is just a type of stone or metal. I think something can come up once there will be a problem with the speed of transactions.

RoseMann

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Activity: 270

Merit: 250

I actually do believe that this will happen one day but it will take something major to happen first, that major thing will be the mass adoption of bitcoin. Once enough people begin to use BTC it will slow the transaction speed to a point that it is no longer a competitive speed for a comfortable transaction. once it is not comparable to its competitors and older services such as western union become a more feasible form a wire transaction again Bitcoin will cease to be used. However a new coin will surely take its place having fixed all issues bitcoin has currently. There are already millions of new coins that come out on a variety of exchanges every day. Any one of them can be the next Bitcoin that is only worth fractions of a penny right now.

But in short, yes , just first it will require two things

1. Mass adoption of BTC
2. Failure of BTC to compete due to over usage of blockchain

Also even after that happens i Believe people will still trade BTC for years and years just as collectors do with baseball cards just because it will always have been the first big crypto coin

needyou

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It will not happen that bitcoin become useless and people leave it. Nowadays it is becoming more interesting currency all around the world and so more and more people are adopting it with each passing day. So no change!

ASHLIUSZ

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Bitcoin will survive but what you are seeing now is the fear trying to be instilled by the filthy crooked Heeb bankers who are scared to death that it will succeed. They can't manipulate it and steal from mom and pop like they can with their banks and stock market. It is basically going to edge them out and financially ruin them.

MFahad

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Quote from: wuvdoll on August 10, 2016, 11:41:24 AM

Quote from: torrentheaven on August 10, 2016, 09:06:40 AM

Quote from: PeRo on August 10, 2016, 08:55:57 AM

Not really,I do not think that will ever happen to Bitcoin. The price is going up, it is spreading more and more, and more people start to use Bitcoin every day. It has just 'evolved' too much to disappear now or in the next 5 years or such. It can only dissappear if everyone stops using it, but I do not see it in the near future.

People will only stop using it if the price falls to an extreme level and from where earning profits will be stopped, and if it happens then bitcoin will disappear for sure.

If bitcoin would become unprofitable, then there's no point in using bitcoin anymore for the majority, resulting in drop of bitcoin users and possibly even miners to drop. And when miners stop mining, there's no one running the transactions thus halting every bitcoin transaction. Bitcoin's basically dead by that time.

To think that bitcoin will be dead and miners will stop mining , its like a dream of a person who does not want this coin to go further. To be realistic i think we should see the facts. Bitcoin still stable after big bitfinex hack. So bitcoin is here to stay.

wuvdoll

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Quote from: torrentheaven on August 10, 2016, 09:06:40 AM

Quote from: PeRo on August 10, 2016, 08:55:57 AM

Not really,I do not think that will ever happen to Bitcoin. The price is going up, it is spreading more and more, and more people start to use Bitcoin every day. It has just 'evolved' too much to disappear now or in the next 5 years or such. It can only dissappear if everyone stops using it, but I do not see it in the near future.

People will only stop using it if the price falls to an extreme level and from where earning profits will be stopped, and if it happens then bitcoin will disappear for sure.

If bitcoin would become unprofitable, then there's no point in using bitcoin anymore for the majority, resulting in drop of bitcoin users and possibly even miners to drop. And when miners stop mining, there's no one running the transactions thus halting every bitcoin transaction. Bitcoin's basically dead by that time.

serjent05

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Quote from: Windpower on August 10, 2016, 05:15:23 AM

Quote from: Bjiornulf on December 15, 2015, 04:19:00 PM

I don't think bitcoins have a good futur. Not much people use them and there is no real use for these people. The problem is that the people that doesn't use it is the majority of the planet. And you, what do you think about this? Will bitcoins have a glorious future or a realy bad one?

Well people will in-time realize how useless and valueless bitcoin really is. Either that or since there is only a limited amount of bitcoin the value will rise like nothing on Earth. I personally like the second hypothesis more.

Well in contrary they may think bitcoin is an epic creation that enable people to transfer some kind of currency without the third party involvement. this is a breeze you know, especially to those who really don't want doing transaction in banks or people that are not qualified for credit cards or visa cards. The limited amount can be addressed if the situation needed it.

dezoel

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Quote from: icecube45 on August 10, 2016, 10:34:50 AM

Many people who do not use it because bitcoin is still new. Bitcoin is still several years standing so take the time to expand so widely known. I do not think bitcoin will be lost or not used because I believe bitcoin surely growing.

Yes bitcoin will never disappear even if price goes lower in future it will still show its presence and once people have bitcoins they will definitely spend it, there is no scope that it will be unused.

icecube45

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Many people who do not use it because bitcoin is still new. Bitcoin is still several years standing so take the time to expand so widely known. I do not think bitcoin will be lost or not used because I believe bitcoin surely growing.

renem

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Quote from: Bjiornulf on December 15, 2015, 04:19:00 PM

I don't think bitcoins have a good futur. Not much people use them and there is no real use for these people. The problem is that the people that doesn't use it is the majority of the planet. And you, what do you think about this? Will bitcoins have a glorious future or a realy bad one?

for you bitcoins don't have a good future , but for me bitcoins have a good future in this comming year's because people are going to choose bitcoin as a currency or investors are going to choose bitcoin as a currency because it is more reliable and easy to use where they can do gambling and investing and for the future all stores are going to accept bitcoin for payment and also google play

greatr

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Quote from: lite on August 10, 2016, 09:12:15 AM

Quote from: torrentheaven on August 10, 2016, 09:06:40 AM

Quote from: PeRo on August 10, 2016, 08:55:57 AM

Not really,I do not think that will ever happen to Bitcoin. The price is going up, it is spreading more and more, and more people start to use Bitcoin every day. It has just 'evolved' too much to disappear now or in the next 5 years or such. It can only dissappear if everyone stops using it, but I do not see it in the near future.

People will only stop using it if the price falls to an extreme level and from where earning profits will be stopped, and if it happens then bitcoin will disappear for sure.

I don't think the price will fall to an extreme level, even if it does most will think as a good opportunity to buy bitcoins. bitcoiners will never abandon bitcoin heh.

and of course it wont disappear or become unused, people right now can make some good profit really easily with it so i dont think they will just not use it

lite

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Quote from: torrentheaven on August 10, 2016, 09:06:40 AM

Quote from: PeRo on August 10, 2016, 08:55:57 AM

Not really,I do not think that will ever happen to Bitcoin. The price is going up, it is spreading more and more, and more people start to use Bitcoin every day. It has just 'evolved' too much to disappear now or in the next 5 years or such. It can only dissappear if everyone stops using it, but I do not see it in the near future.

People will only stop using it if the price falls to an extreme level and from where earning profits will be stopped, and if it happens then bitcoin will disappear for sure.

I don't think the price will fall to an extreme level, even if it does most will think as a good opportunity to buy bitcoins. bitcoiners will never abandon bitcoin heh.

torrentheaven

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Quote from: PeRo on August 10, 2016, 08:55:57 AM

Not really,I do not think that will ever happen to Bitcoin. The price is going up, it is spreading more and more, and more people start to use Bitcoin every day. It has just 'evolved' too much to disappear now or in the next 5 years or such. It can only dissappear if everyone stops using it, but I do not see it in the near future.

People will only stop using it if the price falls to an extreme level and from where earning profits will be stopped, and if it happens then bitcoin will disappear for sure.

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