How long could bitcoin last? - page 29.

Vika0170

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Quote from: trecore4 on July 30, 2017, 08:29:39 AM

For how long can you invest into bitcoin? You will get tired of investing into bitcoin and I will keep rising after that also. Bitcoin is now non ending process. The technology will keep advancing itself and mining efficiency will increase. Do not forget that not all of the available bitcoins are in circulation currently. Once we pass the time they might be released according to needs and this will increase the price of bitcoin ultimately. There will be more investors, more people getting aware of bitcoin and so on. The process will never end and with up and downs it will rise in price.

Any phenomenon can not be eternal and bitcoin also will someday die.
But I do not think that this can happen in the next 50-100 years. Now bitcoin actively develops and is accepted by many countries of the world. It's too early to talk about his death.

trecore4

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For how long can you invest into bitcoin? You will get tired of investing into bitcoin and I will keep rising after that also. Bitcoin is now non ending process. The technology will keep advancing itself and mining efficiency will increase. Do not forget that not all of the available bitcoins are in circulation currently. Once we pass the time they might be released according to needs and this will increase the price of bitcoin ultimately. There will be more investors, more people getting aware of bitcoin and so on. The process will never end and with up and downs it will rise in price.

Choyor

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We will never know how long and why bitcoin will survive. 10 years. 20 years or more, or even decreased. But for my personal, I will always think positive, if bitcoin will increase.

Bittoshi

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Quote from: grermezter on July 30, 2017, 05:44:40 AM

Quote from: Crapz23 on July 09, 2017, 11:21:37 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.

At first i thought that there was about 21M bitcoins in the system and the time that the last one will be eventually mined will be in more than a hundred years to come, but according to somethings i have read on this forum, t seems the number of bitcoins can jump exponentially as times goes on, so miners will be mining bitcoins for eternity unless something more profitable overtakes bitcoin.

Bitcoins are limited to 21.000.000 in total. There cannot be more than that. At least that is what I've heard.

Aikidoka

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Well, I am not a sorcerer to know how long it could last. However, I can give you my predictions. I believe that bitcoin could last for a long time because at the moment, it is still not known worldwide, and now, it is spreading in a fast way and people are hearing about it. Let's just see what happens and for how long it could last when bitcoin is known worldwide and when all companies start using bitcoin.

Bittoshi

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Quote from: flyingcat on July 30, 2017, 05:15:23 AM

Quote from: Md Saad on July 30, 2017, 01:45:54 AM

From my perspective, I believe that Bitcoin will last another 100 years easily. Day by day Bitcoin is becoming a lucrative and profitable currency which is creating high rate price so that it is easily said that Bitcoin will last long...

No, this is a long time and in my opinion, total supply coin of Bitcoin can provide for all user in that time, because maybe will have 100-500 millions people use Bitcoin and total supply coin just have 20 millions Bitcoin. So, in that time I think new cryptocurrency will replace Bitcoin.

1 Bitcoin consists of 100.000.000 Satoshis. So if Bitcoins become rare, the price of Satoshis will increase. There are 21.000.000 Bitcoins. Let's assume more than 50% of them get lost over time (lost on hard disc, forgotten private keys, stolen on hacked trading platforms and so on). Then we will still have ~10.000.000 Bitcoins. That's 1.000.000.000.000.000 Satoshis. Should be enough coins for a few more decades.

grermezter

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Quote from: Crapz23 on July 09, 2017, 11:21:37 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.

At first i thought that there was about 21M bitcoins in the system and the time that the last one will be eventually mined will be in more than a hundred years to come, but according to somethings i have read on this forum, t seems the number of bitcoins can jump exponentially as times goes on, so miners will be mining bitcoins for eternity unless something more profitable overtakes bitcoin.

Bittoshi

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Quote from: Trela on July 29, 2017, 11:27:59 PM

Quote from: Rajamuda on July 29, 2017, 11:04:24 PM

Obviously the bitcoin will not die i think, even though the price goes down but it can not make the bitcoin die. Because bitcoin prices i'm sure will not reach very low, bitcoin always rises in price over time despite the decline. And i'm sure bitcoin will continues holding untold future how long it and profitable for peoples no matter what.

Actually the news talking about Bitcoin can died or banned ... are fake news by whales and big boy creating panic on market, helps them can buying Bitcoin with cheap price. So, when you see some bad news about Bitcoin, don't worry even buy in this time is good choice if have dip price.

I fully agree. If people panic, wait a bit for the price to stop falling. Then buy before it rises back to a new all time high.

flyingcat

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Quote from: Md Saad on July 30, 2017, 01:45:54 AM

From my perspective, I believe that Bitcoin will last another 100 years easily. Day by day Bitcoin is becoming a lucrative and profitable currency which is creating high rate price so that it is easily said that Bitcoin will last long...

No, this is a long time and in my opinion, total supply coin of Bitcoin can provide for all user in that time, because maybe will have 100-500 millions people use Bitcoin and total supply coin just have 20 millions Bitcoin. So, in that time I think new cryptocurrency will replace Bitcoin.

Przemax

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Its not about how long it will last, as there is no reason for it not last forever. The question is how long bitcoin will stay relevant. It will be relevant as long as the economy and mostly its monetary side will be a completly untransparent.

And I would say that as long as there will be a banking industry all of the financial transaction of the elites will remain untransparent and unacountable to the public.

speem28

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Quote from: Crapz23 on July 09, 2017, 11:21:37 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.

Its existence can go way longer than that you know, considering that right now it is getting more and more attention and many more are accepting bitcoin. But what we really should need in those span of years are a huge amount of new and upcoming bitcoin merchants so that the price of bitcoin will still keep growing and not dwindle down at the very least. Maybe by this, bitcoin's volatility will be somehow solve so we can see a huge decrease of bitcoin's price fluctuations rate.

Md Saad

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From my perspective, I believe that Bitcoin will last another 100 years easily. Day by day Bitcoin is becoming a lucrative and profitable currency which is creating high rate price so that it is easily said that Bitcoin will last long...

bluefirecorp

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Quote from: Star_Bucks on July 25, 2017, 08:49:10 PM

Quote from: Crapz23 on July 09, 2017, 11:21:37 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.

I don't think it would just be 20 years. I think it would last for more years due to the innovation of both currency and technology. The price of bitcoin is getting pumped up as years go by and it brings the creator some new ideas on how to improve bitcoin so that they may avoid meeting trouble like crashing. I don't see that the price would go down so hard, it may for a little due to some problems but going so low, I don't think so.

What the hell are you saying I mean you should need to see what you have mentioned if bitcoin die after 10 - 20 years then most of people will be also die because of this. How can you say that it is decentralized which will be never destroy and neither will be end. So I would like to tell you after 10 - 20 years the bitcoin price will be high from now market.

Spontebob

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Quote from: Crapz23 on July 09, 2017, 11:21:37 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.

In my opinion. I don't have any answer on that. Bitcoin is continuously innovating and it is being more invulnerable for extincting. There might be some trouble on it's way up but still bitcoin will surely be able to overcome all of it. The price if it may go down hard or go down high, no knows what the future holds. All we need to do is put all our trust within the bitcoin and keep on believing on it knowing that it enables us earn huge amount of money. Some alternate coins may die but I don't think bitcoin ever will.

Trela

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Quote from: Rajamuda on July 29, 2017, 11:04:24 PM

Obviously the bitcoin will not die i think, even though the price goes down but it can not make the bitcoin die. Because bitcoin prices i'm sure will not reach very low, bitcoin always rises in price over time despite the decline. And i'm sure bitcoin will continues holding untold future how long it and profitable for peoples no matter what.

Actually the news talking about Bitcoin can died or banned ... are fake news by whales and big boy creating panic on market, helps them can buying Bitcoin with cheap price. So, when you see some bad news about Bitcoin, don't worry even buy in this time is good choice if have dip price.

Rajamuda

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Obviously the bitcoin will not die i think, even though the price goes down but it can not make the bitcoin die. Because bitcoin prices i'm sure will not reach very low, bitcoin always rises in price over time despite the decline. And i'm sure bitcoin will continues holding untold future how long it and profitable for peoples no matter what.

evilgreed

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Quote from: charlescoin on July 29, 2017, 06:19:59 PM

It won't die, at worst the price will drop and it will become mostly irrelevant in day to day transactions. There will always be a die hard cult of fans that will hold on to their coins no matter what.

Probably right, but if we think and ask on how long will bitcion be running, i think as long as there is market, and that market was us people, and that people will keep on cycling the BTC. Even though bitcoin has the capability or the potential to last long but the market has lost their interest well i guess it wont last long, but as you can see who would have lost interest in bitcoin? And even just thinking on the benefits.

charlescoin

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It won't die, at worst the price will drop and it will become mostly irrelevant in day to day transactions. There will always be a die hard cult of fans that will hold on to their coins no matter what.

Cocobrayy

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Quote from: gadimbrut on July 29, 2017, 09:49:03 AM

I believe bitcoin will last a long time, and bitcoin can be a long-term and medium-term investment

I think also so let sometimes bitcoin up and down but bitcoin will always persist and will never die because many people are using even search and mine it

Lupin13

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Quote from: Crapz23 on July 09, 2017, 11:21:37 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 can last for a lifetime if there are still users of it. In our situation right now, we can see that bitcoin users are expanding and even big companies are trying to participate on it. If this will continously happen, it will last until there are users and there is no other crypto that is much better than bitcoin.

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