Pages:
Author

Topic: How long could bitcoin last? - page 43. (Read 23198 times)

full member
Activity: 308
Merit: 101
July 09, 2017, 10:07:51 PM
#13
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 agree with you bitcoin will last forever up to a few dozen years, it will not be able to stop working abruptly because the current bitcoin is growing very strongly it may be recognized as a copper Legal money in the future.
hero member
Activity: 1666
Merit: 502
July 09, 2017, 09:50:31 PM
#12
.
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.
no one knows what's going on in the future so the crash that cause bitcoin can't survive may indeed exist and all speculation is on 1st august. it's better to follow the things that happen in the future.
hero member
Activity: 896
Merit: 521
July 09, 2017, 09:40:28 PM
#11
There are number of factors which will decide the fate of bitcoin. The demand curve, Utility, Security and most importantly sustaining its position in the financial landscape.

 Nobody have mentioned it here, but I want to bring a different perspective to this discussion. What if some new and completely different kind of currency came into existence in future that is more reliable than cryptocurrencies as technology and invention will not end on cryptocurrencies. There is more to come. Thus, I would say nobody can really predict when bitcoin will end.

Anything can unexpectedly surprise us.
sr. member
Activity: 378
Merit: 250
July 09, 2017, 09:29:01 PM
#10
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.
hero member
Activity: 798
Merit: 501
July 09, 2017, 06:15:37 PM
#9
I think Bitcoin will be around for more than 30 to 40 years for sure and it will become extremely popular in coming 2 to 3 years. One can expect tremendous growth from Bitcoin and its price is expected to show a massive growth in 10 years.

I agree with you fully...
since it has been popular and accepted in recent years so that it can be assumed that Bitcoin will last long. day by day it is getting available at everywhere, many developed countries are considering it to allow as a legal currency, already Japan has declared as legal currency, South Korea also has taken it seriously to allow it... so the future of bitcoin is certain from my point of view...
i think it is depending on the interest of the people. bitcoin will remain tell people will have interest in it. and currently the interest of the people is increasing therefore the importance of bitcoin is also continuously increasing, i am hopeful that this trend will continue for a long time.
hero member
Activity: 812
Merit: 510
July 09, 2017, 03:01:46 PM
#8
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.
This topic is made too early bitcoin  has just started to become more famous and you are discussing about it's end. There will surely be a end of bitcoin one day sadly but that would happen mostly in the year 2060 ot maybe 2080. Your job is too currently enjoy it's grow
hero member
Activity: 826
Merit: 529
July 09, 2017, 02:52:13 PM
#7
I think Bitcoin will be around for more than 30 to 40 years for sure and it will become extremely popular in coming 2 to 3 years. One can expect tremendous growth from Bitcoin and its price is expected to show a massive growth in 10 years.

I agree with you fully...
since it has been popular and accepted in recent years so that it can be assumed that Bitcoin will last long. day by day it is getting available at everywhere, many developed countries are considering it to allow as a legal currency, already Japan has declared as legal currency, South Korea also has taken it seriously to allow it... so the future of bitcoin is certain from my point of view...
sr. member
Activity: 1274
Merit: 263
July 09, 2017, 01:41:11 PM
#6
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 market value of Bitcoin can crash at any time depending on what the investors want to happen. It would require a conscious effort from basically everyone invested in Bitcoin to crash the price, meaning everyone stops buying and people keep selling. That's the only way that they would be able to crash the value, and that's nearly impossible outside of variables influencing everyone to sell instead of hold or buy. As for Bitcoin staying alive for such a long period of time, it is possible if the community wants to stay with Bitcoin for that long, and so far it looks like the community is going to keep supporting Bitcoin.

True story,
And also if bitcoin keep going like this without any improvement (which is i hope segwit or what ever they called it successfull) can make  bitcoin itself dying,with high transaction and high fees only some people using it as a tool for their transaction.just imagine if we need to wait a hour or two for every transactions ( lets use 100k satoshi for fee [approx 2,6$] ) and we made around 10 transactions or even more how much we will spend it just for fee ? That's why a some of big company still not using it ( even thought many of them think bitcoin is not a real investment.
And for other aspect is bitcoin supporter,investor
legendary
Activity: 1218
Merit: 1007
July 09, 2017, 12:57:09 PM
#5
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 market value of Bitcoin can crash at any time depending on what the investors want to happen. It would require a conscious effort from basically everyone invested in Bitcoin to crash the price, meaning everyone stops buying and people keep selling. That's the only way that they would be able to crash the value, and that's nearly impossible outside of variables influencing everyone to sell instead of hold or buy. As for Bitcoin staying alive for such a long period of time, it is possible if the community wants to stay with Bitcoin for that long, and so far it looks like the community is going to keep supporting Bitcoin.
legendary
Activity: 1918
Merit: 1728
July 09, 2017, 12:36:21 PM
#4
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.

Are you being sarcastic? How should price be related to existence of Bitcoin?
I seriously believe crypto community should understand nothing lies in price, what actually matter is "UTILITY". instead of growing number of exchanges, I wanna see growing number of Bitcoin merchants. So don't consider price to be the decisive factor of Bitcoin success or failure.
sr. member
Activity: 317
Merit: 250
July 09, 2017, 12:34:22 PM
#3
I think Bitcoin will be around for more than 30 to 40 years for sure and it will become extremely popular in coming 2 to 3 years. One can expect tremendous growth from Bitcoin and its price is expected to show a massive growth in 10 years.
hero member
Activity: 587
Merit: 500
July 09, 2017, 12:32:21 PM
#2
What are you asking? Are you asking if the price of BTC will forever rise?

Nobody knows. Nobody has a crystal ball. It will go up, it will go down. How long each leg will be up or down, nobody knows.

I think a lot like to think that BTC will rise, especially on this forum, let's wait and see.
newbie
Activity: 29
Merit: 0
July 09, 2017, 12:21:37 PM
#1
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.
Pages:
Jump to: