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Topic: How long bitcoin will survive ? - page 100. (Read 17569 times)

sr. member
Activity: 798
Merit: 255
October 08, 2017, 08:20:08 PM
#12
Have you guys ever think to how long is bitcoin will survive in this world ? Well, I mean is there anything that can make bitcoin bankrupt or low price, then possibly will make bitcoiners doesn't want to invest anymore. And also is there any solution to avoid those thing. Just wonder to know.
I think it will surely survive if the people or the bitcoiners still believes in bitcoin no matter what happens, even though the price will increase or dicrease, high or low. Because sometimes high demand is a better and a very strong foundation for bitcoin. Well, ofcourse there are big possibilities to avoid those things that bitcoin can make make to survive. I think that there is no way to bitcoin to face bankruptcy because people will love bitcoin today and they still love this until in the future.
full member
Activity: 202
Merit: 100
October 08, 2017, 08:19:09 PM
#11
Have you guys ever think to how long is bitcoin will survive in this world ? Well, I mean is there anything that can make bitcoin bankrupt or low price, then possibly will make bitcoiners doesn't want to invest anymore. And also is there any solution to avoid those thing. Just wonder to know.
There are many similar questions like this, and I can say that if countries such as china continue to ban and pressures, that will soon happen with btc.
full member
Activity: 202
Merit: 100
October 08, 2017, 08:16:32 PM
#10
Maybe it will not last for too long because the market is so volatile, in the future there will be altcoin that will replace bitcoin which is possible.
full member
Activity: 1176
Merit: 104
October 08, 2017, 08:15:46 PM
#9
No one knows the answer in this question. There's a lot of opinion or theory that we can get with this question and in my opinion, bitcoin will last in decades because of the innovation of technology and a lot of people will know about this and chances are, many of us will invest into this once they know how bitcoin works. Yes, there are risks in bitcoin but risk is common in any situation.
member
Activity: 81
Merit: 10
October 08, 2017, 08:09:25 PM
#8
it is quite difficult to predict the presence of bitcoin. however, according to me, it will survive for as long as many people still believe and use it. the more sophisticated technology, the more popular it will be.
full member
Activity: 420
Merit: 101
October 08, 2017, 08:01:25 PM
#7
Have you guys ever think to how long is bitcoin will survive in this world ? Well, I mean is there anything that can make bitcoin bankrupt or low price, then possibly will make bitcoiners doesn't want to invest anymore. And also is there any solution to avoid those thing. Just wonder to know.
No doubt for me that  you're right but if we believe in bitcoin i think it did'nt happen becuase i have a faith that bitcoin is a strong cryptocurrency so thats why i know that bitcoin is forever to help many people like me.
full member
Activity: 392
Merit: 100
October 08, 2017, 07:39:00 PM
#6
I think it will survive for a long time. For a century and another centuries to come. Though it may undergo numerous hard forks, but i think Bitcoin will survive because i have read an article that this cryptocurrency is a long term type of digital coin.
full member
Activity: 532
Merit: 100
October 08, 2017, 07:05:46 PM
#5
I think it will survive until people believes in the technology. Since bitcoins can last indefinitely in theory, bitcoins will be relevant if there are people that are willing to buy and sell it. The 21,000,000 bitcoin cap is just the number of bitcoins that will go out in circulation. The part of mined block, is just actually rewards. Miners can still continue mining blocks even without rewards. I guess that's a good thing for us, since our transactions will still be written in the blockchain. But I don't think I'll live to see that day since it's so far away.
Understood, me too as personal seen those too far to think about, but just pretend it because when we're really comfort and enjoy the thing what we have learned here then will gone just because there are some naughty stuff break everything.
member
Activity: 140
Merit: 10
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October 08, 2017, 07:02:17 PM
#4
It is hard to predict with certainty, but usually if something is going to fail it is during its early years. Since Bitcoin is approaching 10 years it is probably past that hurdle. I would think it will probably be around for the next 10-20 years easily, then it may risk being supplanted by some other coin or even technology. It probably won't go away completely, just become  not as relevant at some point.
hero member
Activity: 1106
Merit: 638
October 08, 2017, 06:57:36 PM
#3
The only honest answer is: for as long as two people or more believe Bitcoin has use and value.

The schedule for block rewards is set to extend out to the year 2130 so bitcoin mining (in its true sense) can continue for that long as long as there are transactions to produce work for.

Maybe an equally good question is: what could end bitcoin? If we think about it from that perspective we can identify what threats exist to seriously harm bitcoin.

One such risk is Governments. They can ban the use of bitcoin among retailers which would seriously diminish the opportunity for adoption growth.

What else?
hero member
Activity: 868
Merit: 535
October 08, 2017, 06:52:30 PM
#2
I think it will survive until people believes in the technology. Since bitcoins can last indefinitely in theory, bitcoins will be relevant if there are people that are willing to buy and sell it. The 21,000,000 bitcoin cap is just the number of bitcoins that will go out in circulation. The part of mined block, is just actually rewards. Miners can still continue mining blocks even without rewards. I guess that's a good thing for us, since our transactions will still be written in the blockchain. But I don't think I'll live to see that day since it's so far away.
full member
Activity: 532
Merit: 100
October 08, 2017, 06:51:45 PM
#1
Have you guys ever think to how long is bitcoin will survive in this world ? Well, I mean is there anything that can make bitcoin bankrupt or low price, then possibly will make bitcoiners doesn't want to invest anymore. And also is there any solution to avoid those thing. Just wonder to know.
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