Does Bitcoin have life span? - page 2.

KingsDen

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Quote from: Onyeeze on February 09, 2023, 08:59:29 AM

Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.

I cam be correct to say that anything that has a beginning will surely have an end. No doubt, bitcoin has a beginning but I wouldn't know when and how the end would be. In the other hands it might not end, but metamorphosis into another technology.
Meanwhile, somethings in the body of your post shows that you don't know much about bitcoin. Take your time to read about bitcoin and know how it differs from gold and other investment assets.

Henrobakkara

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Quote from: crunck on February 18, 2023, 08:54:31 AM

The earth we live on has a lifespan, so bitcoin has a lifespan too. But the point is it will live long enough for us to use it, so we don't have to worry about those useless things. The life of bitcoin is the future of bitcoin, the more popular bitcoin is, the longer the lifespan of bitcoin. As well as some of the comments here, I also believe that the lifespan of bitcoin depends on our needs.

Rightly said. Everything that has a beginning has an end and this applies to Bitcoin too but when that is, is what nobody at the moment cannot really tell. There has been this question of if the whole 21 million Bitcoins where to be mined, what happens next and there have been different opinions to that too even though mining the remaining about 10% could still be years away, however, whether Bitcoin last forever or will reach its life span is a question of when.

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The earth we live on has a lifespan, so bitcoin has a lifespan too. But the point is it will live long enough for us to use it, so we don't have to worry about those useless things. The life of bitcoin is the future of bitcoin, the more popular bitcoin is, the longer the lifespan of bitcoin. As well as some of the comments here, I also believe that the lifespan of bitcoin depends on our needs.

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Quote from: Belarge on February 16, 2023, 03:22:05 PM

It depends on it value, if people stop trading and mining Bitcoin it will automatically loose it value,
Speaking about Bitcoin having a life span, I don't think the lifespan of Bitcoin should be emphasized, because people are making money from Bitcoin all over the world, so how I don't think Bitcoin might even lose it value, even if it will, it won't be anytime soon...

And the value of bitcoin depends on human demand, the higher the demand while the supply is finite, the value will always increase. Bitcoin has a lifespan, and it all depends on us, if we still need it in our life, it will never go away. But in the future, there will be a better technology that attracts us, and we don't need it anymore, that will be the end of bitcoin. But I think there's no need to think about that because it's not going to happen anytime soon, maybe hundreds of years from now, and we won't be alive anymore.

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Quote from: Abiky on February 12, 2023, 03:52:18 PM

Quote from: Onyeeze on February 09, 2023, 08:59:29 AM

Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.

Everything in this world has a lifespan. After all, nothing is guaranteed to last forever. While Bitcoin has been doing well 14 years since its inception, it could die for unknown reasons in the future. PoW mining won't stop until all coins are mined by 2100, so there's no need to worry about BTC becoming "extinct" during our lifetimes.

If a better technology than Blockchain comes up before that, then it would be another story. Yet, Bitcoin is open source, so developers could easily adapt to the new tech if they want to. Bitcoin could be an "immortal" cryptocurrency, if that happens. How long will BTC last greatly depends on community support. As long as decentralization is preserved, nothing else matters. Just my opinion

And this is why I believe no altcoin will ever surpass bitcoin, even if a new revolutionary altcoin was created as long as it was based on the same principles of bitcoin, the bitcoin developers could always analyze the code of this altcoin and whatever features which makes it such an special altcoin and add them to bitcoin.

If bitcoin is to be replaced in the future this will happen because an entire new concept was created that is more efficient than bitcoin and that cannot be implemented on bitcoin at all.

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Quote from: Onyeeze on February 09, 2023, 08:59:29 AM

Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.

Talking about lifespan then it would really be depending or basing up entirely on the demand and there's no way that we could able to make out conclusions on what it would be and on when it would happen.As long theres demand then it would continue to live out no matter what you've been dealing with this kind of investment.There's no assurance on when it would last, as long the community or there are people who do buy it then
there's always a chance for it to increase its price.

Talking about Bitcoin then theres no point that we could conclude on when it would really last.Seeing the current community support then you could really tell that it is really that something
that could really last up for long time basing up on the support and recognition of it.

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The lifespan can’t be predict in the bitcoin for now.Nearly 90 percentage of the bitcoin was traded.The bitcoin was recirculating all the time.Since it’s used as the medium of the transaction of various countries.So we can make use of bitcoin for the mode of payment also.The bitcoin was cross the decade of transaction and new users was get into market daily.Bitcoin enable the new crypto project launch on every day.But the traders should investigate before investing on the new crypto currency.

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Quote from: MiF on February 16, 2023, 09:52:29 PM

I think bitcoin has no life span, bitcoin already has a value since 2010 and till now it has a value a big value more than 90% of its value from it is first traded on the market so i don't think it will have a life span instead of so many negative issue before bitcoin endures and it come back with a greater value maybe in the future 10 years from now more people will use or trust bitcoin and it will become more valuable than today, if bitcoin has a life span no one can till us when it ends only time can tell us because even expert doesn't know about the life span of bitcoin.

I agree that it doesn't really have a life span, and will continue to exist one way or another forever. I know that it is going to face some changes and it will not be exactly the same bitcoin as we know right now, but that is ok because we already had some changes, we had changes regarding legacy chain to segwit a few years ago, so it means it could change in the long run again, maybe even bigger changes.

I think it is quite important to realize that bitcoin is not something that has to stay exactly the same and when the world grows bigger and better, the new tech will help us change bitcoin to a much better version as well, which means it will prolong it's life span constantly.

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Quote from: pantek talacuik on February 17, 2023, 10:43:59 AM

if the first question about Bitcoin will live, you can see for yourself that Bitcoin still has good graphics sometimes has a downturn. so Bitcoin is still alive for the next few years in my opinion. but we cannot predict what will happen to Bitcoin and there will be other Bitcoins that are better or more profitable in the future.

I don't think Bitcoin has a life. Lol. But judging by how long he will continue to exist, it depends on the community trusting him. If there are still many people who believe and believe in his worth, then he will always be there. But if they start to disbelieve him and leave him then slowly he will soon die.
But if you look at the current conditions, crypto has been widely adopted and bitcoin has a special value. Even many countries have begun to legalize as a commodity. That seems to be good news for Bitcoin's future. We just need to continue to support by educating people, so that crypto has a growing number of users.

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Quote from: MiF on February 16, 2023, 09:52:29 PM

Quote from: Onyeeze on February 09, 2023, 08:59:29 AM

Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.

I think bitcoin has no life span, bitcoin already has a value since 2010 and till now it has a value a big value more than 90% of its value from it is first traded on the market so i don't think it will have a life span instead of so many negative issue before bitcoin endures and it come back with a greater value maybe in the future 10 years from now more people will use or trust bitcoin and it will become more valuable than today, if bitcoin has a life span no one can till us when it ends only time can tell us because even expert doesn't know about the life span of bitcoin.

if the first question about Bitcoin will live, you can see for yourself that Bitcoin still has good graphics sometimes has a downturn. so Bitcoin is still alive for the next few years in my opinion. but we cannot predict what will happen to Bitcoin and there will be other Bitcoins that are better or more profitable in the future.

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Quote from: Onyeeze on February 09, 2023, 08:59:29 AM

Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.

I think bitcoin has no life span, bitcoin already has a value since 2010 and till now it has a value a big value more than 90% of its value from it is first traded on the market so i don't think it will have a life span instead of so many negative issue before bitcoin endures and it come back with a greater value maybe in the future 10 years from now more people will use or trust bitcoin and it will become more valuable than today, if bitcoin has a life span no one can till us when it ends only time can tell us because even expert doesn't know about the life span of bitcoin.

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Quote from: Belarge on February 16, 2023, 03:22:05 PM

It depends on it value, if people stop trading and mining Bitcoin it will automatically loose it value,
Speaking about Bitcoin having a life span, I don't think the lifespan of Bitcoin should be emphasized, because people are making money from Bitcoin all over the world, so how I don't think Bitcoin might even lose it value, even if it will, it won't be anytime soon...

Bitcoin has come to stay,and therefore,it has no life span.Most people that started Bitcoin about some years ago are already billionaires and millionaires,all that is required in Bitcoin is consistency and regular trading and investing.
Government of some countries have tried all they could to make Bitcoin crumble,but the more they try,the more Bitcoin becomes more stronger at the different nooks and crannies of the world.It has gotten to a point that almost everybody have known about the efficiency of Bitcoin.

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It depends on it value, if people stop trading and mining Bitcoin it will automatically loose it value,
Speaking about Bitcoin having a life span, I don't think the lifespan of Bitcoin should be emphasized, because people are making money from Bitcoin all over the world, so how I don't think Bitcoin might even lose it value, even if it will, it won't be anytime soon...

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Quote from: Onyeeze on February 09, 2023, 08:59:29 AM

Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.

Well, bitcoin has no expiry date if I can put it that way, there will never be a time bitcoin will become obsolete except if in the future, a better technologically coded digital currency comes up and become a threat to the continuous existence of bitcoin, though i personally do not think such a thing would happen anytime soon, or even in the near future, this is if there is even a chance of it happening at all.

So be very confident in investing in bitcoin for the long term, there can never come a time when bitcoin will just disappear, this is a major revolution in the financial sector which have not even taken off yet.

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Quote from: Onyeeze on February 09, 2023, 08:59:29 AM

Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology, my major challenges I'm having and i do meditate seriously and have more concerned over it, is that Bitcoin does it have life span to be varnish or not be recognize again when time comes? Or Bitcoin is going to be a continuous process of digital currency. Referring Gold as a digital currency and others digital currencies that has being into existence before arrival of Bitcoin, their no longer existing and now Bitcoin has taken ground of other digital currencies. Will the technology of bitcoin continue in future time.

As far as I think about whether bitcoin has a life span or not, I think for bitcoin itself it must have it because what is born they will surely die, if we refer to the findings in this world there are always heydays and there are times when people do not have interest in the product itself, like Nokia, which was swallowed up by the Android era. Likewise bitcoin in my opinion if bitcoin cannot stand dynamically with technological advances in the future and can coexist with the latest technology, maybe people will no longer be interested in bitcoin, in other cases if miners are no longer there and collectors also don't want to hold bitcoin they might as well say that bitcoin is dead.

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Quote from: Abiky on February 14, 2023, 07:35:14 PM

Quote from: kryptqnick on February 13, 2023, 12:11:53 PM

Fiat currencies have existed for many centuries, and gold has been valued for even longer. Everything has some sort of life span, but it can be long enough to neglect that at some point it will end. The world is changing very fast, and it's really hard to predict where it's going. I don't see why Bitcoin wouldn't prosper in the next several decades, but if something major happens like a quantum computing breakthrough or a global crisis which makes widespread usage of the Internet and electricity impossible, then of course Bitcoin will go away along with lots of other things. Digitalization hasn't been going for long enough to see if it's just a phase in humanity's development or a long-term thing. But if the Internet is staying, I think cryptos are staying as well, including Bitcoin.

Fiat and Gold ain't going anywhere soon, so why should Bitcoin disappear in an instant? After all, Bitcoin is decentralized and censorship-resistant. The economic model of Bitcoin is deflationary, so it should technically increase in price over time. Demand for BTC will never go away, especially when it's the one cryptocurrency that started the "Blockchain craze".

There's no technology that is as revolutionary as Blockchain, so don't expect Bitcoin to die within our lifetimes. Maybe someday it will beat Fiat for good? Just my opinion

Fiat and gold exist to this day because of our need, as long as our need does not disappear, they will always be able to last forever. Bitcoin is similar, as long as there are users and demand for it, it will last forever.

The world will change, we have been attached to fiat for centuries, and now that we have bitcoin and cryptocurrencies, it is only a matter of time before fiat is replaced. Similarly, bitcoin will be replaced when better technology is created. But what I fear is we won't be able to wait until then, I'm not afraid bitcoin will be gone any time soon. Let's calculate how long we will live to see the bitcoin revolution cause I'm sure bitcoin will outlast our lifetime Grin

.

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Quote from: kryptqnick on February 13, 2023, 12:11:53 PM

Fiat currencies have existed for many centuries, and gold has been valued for even longer. Everything has some sort of life span, but it can be long enough to neglect that at some point it will end. The world is changing very fast, and it's really hard to predict where it's going. I don't see why Bitcoin wouldn't prosper in the next several decades, but if something major happens like a quantum computing breakthrough or a global crisis which makes widespread usage of the Internet and electricity impossible, then of course Bitcoin will go away along with lots of other things. Digitalization hasn't been going for long enough to see if it's just a phase in humanity's development or a long-term thing. But if the Internet is staying, I think cryptos are staying as well, including Bitcoin.

Fiat and Gold ain't going anywhere soon, so why should Bitcoin disappear in an instant? After all, Bitcoin is decentralized and censorship-resistant. The economic model of Bitcoin is deflationary, so it should technically increase in price over time. Demand for BTC will never go away, especially when it's the one cryptocurrency that started the "Blockchain craze".

There's no technology that is as revolutionary as Blockchain, so don't expect Bitcoin to die within our lifetimes. Maybe someday it will beat Fiat for good? Just my opinion

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Quote from: Kakmakr on February 09, 2023, 09:52:11 AM

-snip-
These are just some of the use cases for Bitcoin, but there are loads more... so while this is the case, it will exist and it will be used. Wink

Currently the use cases of bitcoin in real life have developed along with the increase in popularity and now bitcoin is also often used as a means of online retail payment because several companies such as Microsoft have accepted bitcoin as a payment option which can make it easier for buyers of goods or services when making payments because by bitcoin without the need for intermediaries unlike when making payments with fiat currency in general.
In the future I'm sure there will be more and more bitcoin use cases in real life that can make it easier for every user.

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Like all other things Bitcoin has also lifespan until it's being used by people for different purposes.The network will be secured by miners earning fees so there is possibility they will always working for it and when there are lot of transactions they will earn good amount in btc.If we see from usage point of view then chances are high that in future it will be used more so lifespan is increasing with it but nobody can give you fixed time period as there is no such predetermined one.

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Quote from: TheGreatPython on February 13, 2023, 11:40:43 AM

Quote from: michellee on February 13, 2023, 04:49:54 AM

Bitcoin technology will continue into the future and as long as people still trust it and use it, bitcoin will always be there for them. Until now, people still benefit from using bitcoin. They can generate money and they can use it for various things. This is why people are still using bitcoin; if more people are willing to use it, blockchain technology and especially bitcoin, they can make more money in the future. But we also must remember that we don't know what will happen in the future. And as long as we can still get benefits, we can still use them.

For now they still trust it but when there are big difficulties that come in Bitcoin or there are new inventions which can possibly affect the performance of Bitcoin, that can be the time that people will doubt on it. Let's only hope that those negative things won't happen not until Bitcoin hit the most anticipated 1 million dollar mark.

We should only clear that to use Bitcoin is different from investing. When people invest in Bitcoin, they don't use their Bitcoins actively but they just let it sit from their wallets to earn passive returns. To use Bitcoin is when people use it actively for purchasing either offline or online or for sending bitcoins from someone else.

Even if that happened, there must still be people trying to keep believing in bitcoin. And they're not going to sell all their bitcoins and still want to keep some bitcoins and hope to see them recover again. Only people who don't have faith in bitcoins will panic and sell all their bitcoins at once.

There is also a way that they can grow their bitcoins by lending them on some exchanges, as I have seen before. It can make them earn even more bitcoins and that includes actively using bitcoins and we can earn passive income as well. And people who don't want to do anything with their bitcoins can keep the bitcoins in their wallets while waiting for the price to increase.

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