Pages:
Author

Topic: How long could bitcoin last? - page 25. (Read 23198 times)

hero member
Activity: 980
Merit: 507
August 06, 2017, 11:11:30 AM
As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
How long will bitcoin last is an interesting question. The answer is definitely not forever,maybe like 10-30 years from now I believe. Also we can experience sudden crashes like from 3000$ to boom 1000$ In a week or maybe even worse scenarios. But it can recover later maybe it cannot,you never know.
hero member
Activity: 798
Merit: 500
August 06, 2017, 07:48:50 AM
As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
Bitcoin price can rise and fall with great uncertainty. No one can really say for sure if the price would continue to rise or fall. It depends on the supply of Bitcoin and demand for it. Bitcoin is a deflationary currency, because of it halving. Every 4 years ... I think, block reward halves and supply decreases. So a decrease is supply often invokes an increase in price.

Plus with the mainstream media attention Bitcoin should thrive in demand. Thus we have a situation where the price would rise, but if the demand was to fall all of a sudden, then  yes, Bitcoin can become worthless.
It is a fact that bitcoin price make movement on any matters and any uncertainty. But we should also consider the movement of bitcoin as a part of its development. It is a huge factor for bitcoin growth and progress in terms of its price, value and security so it is quite sure that bitcoin can last a long time. Just make sure to continue our support and to support the system if Bitcoin using it as a form of transaction on a daily basis. Imagine a well develop bitcoin in the future if we are going to continue our support for it to acquire development.
hero member
Activity: 742
Merit: 500
August 06, 2017, 07:40:55 AM
Bitcoin would exist until people are ready to buy it and demand remains in the market.We could see day by day,demand for bitcoin increases and bitcoin price following it.We have seen obituary of bitcoin through out the internet many times,but every time bitcoin performed very well.Even now,recently during BU and BCC issues also,bitcoin still remains in the first place unbeatable.So,bitcoin may exist for long time.
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
August 06, 2017, 06:43:01 AM
But what will happen when all the Bitcoins will be mined?
Miners change their focus to mining for transaction fees
How the transactions are going to confirm?
Miners will keep doing their job nothing changes and the how bitcoin cycle continues
I think that will be the time when Bitcoin is about to die or maybe we find some alternatives for this thing?
After all 21 million coins are mined value will probably be high enough to keep miners mining for TX.
hero member
Activity: 720
Merit: 500
August 06, 2017, 06:27:16 AM
But what will happen when all the Bitcoins will be mined?
How the transactions are going to confirm?
I think that will be the time when Bitcoin is about to die or maybe we find some alternatives for this thing?
full member
Activity: 378
Merit: 111
August 06, 2017, 05:43:36 AM
As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
Bitcoin will still last for a long time, as long there are people who use bitcoin to earn money. Even i, as long bitcoin has a value even it is very short i will still support bitcoin because bitcoin helps me to keep my wealth. But if bitcoin has been shutdown by the government it is very possible that all of our bitcoin will be useless.
hero member
Activity: 1680
Merit: 655
August 06, 2017, 04:44:09 AM
It is sure that bitcoin is going to last at least 50-60 years from now. It's price is something that we can not be so sure about. But if we look at the predictions then there is brught future for bitcoin.
The price is a big factor to consider the longevity of its existence, I mean we should at least count the inflation rate for that kind of tims frame if we are not sure that Bitcoin would at least grow gradually then we know Bitcoin's demand is getting lower while thw supply os getting higher. If in the next 10 years Bitcoin's price would still be in the 3000$ level then we all know that its demand is not growing anymore and we should start selling our shares before it is too late.
sr. member
Activity: 267
Merit: 255
August 06, 2017, 04:34:02 AM
As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
As much as you'd love to see bitcoin to rise, you should also be prepared of that downward growth of it. You can't expect it to just rise for the next years. It would fluctuate.. and there's so many things that could happen in that 20 years. Do not hope so much on the expectations, one should be ready for the unexpected events.

Yes, we should be ready for black swan events. However, based on the current trajectory and limited supply, it seems like a good bet that Bitcoin will continue to rise over the next few decades. Best to tuck away a few coins just in case.
full member
Activity: 226
Merit: 102
August 06, 2017, 04:28:31 AM
It is sure that bitcoin is going to last at least 50-60 years from now. It's price is something that we can not be so sure about. But if we look at the predictions then there is brught future for bitcoin.
hero member
Activity: 676
Merit: 500
August 06, 2017, 12:50:46 AM
As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
Bitcoin will only end if theres no more electricity to power up things that are connected to bitcoin, isnt it? So my answer will only be bitcoin will live forever, and as years will past bitcoin will be upgraded like bitcoin 2.0
Not forever, Bitcoin will died if in one day it have some problem in the system blockchain of Bitcoin and can't running as the hope of user on the world's. Every things is possible happening, and Bitcoin not exception too
hero member
Activity: 812
Merit: 500
August 06, 2017, 12:34:15 AM
As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
Bitcoin will only end if theres no more electricity to power up things that are connected to bitcoin, isnt it? So my answer will only be bitcoin will live forever, and as years will past bitcoin will be upgraded like bitcoin 2.0
hero member
Activity: 840
Merit: 502
August 05, 2017, 11:52:03 PM
As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.

Well, it's really hard to speculate when, how and what will make BTC disappear. But the main point is that, as long as people are buying and using BTC as their main crypto currency, there's no reason for it to disappear. Just look on the demand, for how many years BTC has been the top among all the crypto currency.
This is the point, people think that another crypto can overcome bitcoin but they are mistaken, other cryptos are trying to climb the bitcoin mountain not realizing that bitcoin did not escalate the mountain bitcoin created the mountain, satoshi created a completely new market worth more than 100 billion out of nothing.
sr. member
Activity: 658
Merit: 250
August 05, 2017, 09:17:09 PM
As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
As much as you'd love to see bitcoin to rise, you should also be prepared of that downward growth of it. You can't expect it to just rise for the next years. It would fluctuate.. and there's so many things that could happen in that 20 years. Do not hope so much on the expectations, one should be ready for the unexpected events.
There is no such prediction when this bitcoin last because people have found their comfort zone because of bitcoin. That is truly amazing how bitcoin changes the life of people in the society. We cannot even say if when will we end our life. Therefore it's just a matter of time and perseverance if are really engaged in this world of cryptocurrency. It may sound awkward from others who are not willing to invest in bitcoin but who cares let's not force them to believe in the goodness of bitcoin.
full member
Activity: 390
Merit: 100
August 05, 2017, 08:12:35 PM
As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
As much as you'd love to see bitcoin to rise, you should also be prepared of that downward growth of it. You can't expect it to just rise for the next years. It would fluctuate.. and there's so many things that could happen in that 20 years. Do not hope so much on the expectations, one should be ready for the unexpected events.
sr. member
Activity: 742
Merit: 251
August 05, 2017, 06:20:18 PM
As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
If you are talking about the price of it, on how long do the price of bitcoins will rice, I think for know it will not rice up as big as it rise before but it will not fall either it will become stable instead. Although it will rise up its value but on a very slow time, I noticed that whenever I checked the value of my bitcoins everyday.

If your talking about butcoins era, it will last for a hundreds of years? More or less, because they are the first and the most successful crypto currency. And our society are somehow accepting them as a real currency. I know in the future it will be our official currency rather than paper and coin. We will use the virtual ones.

Our currency can be digital but it surely wouldn't be bitcoins. We are controlled by the government and bitcoin is not issued by any government. We do have virtual money or digital money but it's the same thing with the fiat paper and coin that we have, just in different form.

I want to mention that bitcoin is the most successful cryptocurrency and it's also the first, but we had currencies back in the days that we thought was the best currencies. Hundreds of years ago, no one could have predicted that we are able to send money without having to meetup. No one could have predicted that we will be able to talk to each other even if we are thousands of miles apart. So if you think that bitcoin can not be replaced after a hundred years, you might want to think again and maybe even consider that technology is growing quickly.
Well explained! As far as governments are concerned, they are mostly against the practice of bitcoins because bitcoins do not give them any authority over the economy or public. We can see the latest versions of the bitcoins but they won’t die forever. We have already stepped into the digital currency world.
hero member
Activity: 2310
Merit: 532
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
August 04, 2017, 09:45:44 PM
As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
The price of bitcoin can go up or down that is true for any investment but as long as the overall trajectory of the price is up then bitcoin is going to last, in fact even if the price of bitcoin remain the same as it is now I’m sure bitcoin will keep existing.
Bitcoin prices always goes upward because as you know the current market is 100% stable by bitcoin even market says that bitcoin having ability to become a top ranks upcoming 100 Years because there is nothing like that to replace bitcoin and they said that bitcoin will be upcoming couple of years it will reach to $5000 USD or $6000 USD as it confirmed by market.

Bitcoin is all about the prediction market. Secondly the decentralized functioning has made it more effective. Next is the technology that gave it more potential, because this is the one that can be used and developed based on requirement and efficiency can be gained in a bigger margin. Reaching $5000 or more is possible, but when it come to long lasting it's life is assured. Because even if it goes worthless there are people who use it for several other needs which are termed to be illegal.
full member
Activity: 644
Merit: 113
August 04, 2017, 09:40:23 PM
The value of Bitcoin is unpredictable. It can crash down at anytime depending on how the investors manipulate it . Thus, everyone must be watchful with what they have invested in Bitcoin.  One sign is that, when everyone keep on selling and not buying, its a symptom of crashing. Bitcoin will last for a long period of time when community don't stop using ang investing in Bitcoin. So far, bitcoin is doing good. And predictably going to be more better in next years. How long? Its simply unpredictable
sr. member
Activity: 630
Merit: 251
August 04, 2017, 05:53:26 PM
As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
The price of bitcoin can go up or down that is true for any investment but as long as the overall trajectory of the price is up then bitcoin is going to last, in fact even if the price of bitcoin remain the same as it is now I’m sure bitcoin will keep existing.
Bitcoin prices always goes upward because as you know the current market is 100% stable by bitcoin even market says that bitcoin having ability to become a top ranks upcoming 100 Years because there is nothing like that to replace bitcoin and they said that bitcoin will be upcoming couple of years it will reach to $5000 USD or $6000 USD as it confirmed by market.
full member
Activity: 263
Merit: 102
August 04, 2017, 04:00:48 PM
As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.
I don't think 20 years is the maximum life span of bitcoin's value growth. The continuous influence of many people with bitcoin makes it more popular which may end up having bitcoin's price growing after all these years. The continuous innovation makes it imposible that a crash may happen because as bitcoin recieve more people, the moderator will also innovate it so that it may be able to handle large number of people. I'm still hoping for the long life of bitcoin because it really helped me in terms of finance.
hero member
Activity: 1036
Merit: 500
August 04, 2017, 03:38:34 PM
I hope bitcoin will last a lifetime. But we really can't tell the future so we must make the most out of it. So buy bitcoin while the value is still low and if you could sell some of it or better yet HODL it for a couple of years and encash it after at your bank for safety and security purposes.
It is the first crypto currency right but there are something which they have mentioned. If bitcoin is no longer anonymous in the world then there will be risk that's why bitcoin is still anonymous currency no one know that who has made it so we need to keep it anonymous ask well because we should consider bitcoin as online currency. So that’s all.
Pages:
Jump to: