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Topic: How long is Bitcoin life? - page 12. (Read 11501 times)

full member
Activity: 224
Merit: 100
March 01, 2016, 04:25:31 PM
I think no one can touch or replace bitcoin for next 10 to 15 years, bitcoin is still in its younger age and needs some time to grow and develop, I believe it will not die very soon.
legendary
Activity: 1358
Merit: 1014
March 01, 2016, 03:19:08 PM

At this point all of the scenarios that i can think off where Bitcoin would dissapear fall on the "unrealistic category", so that includes a total massive natural disaster, a world war, some sort of alien invasion... everything else has been addressed and is not a real treat. So yeah, it's simply unrealistic that bitcoun would fall at this point, too big too fail.

Feels like the polar opposite to me. It's still microscopic and very fragile. Too big to fail implies that the collective would do anything to ensure something's survival.

The hard core of developers, businesses and users would be understandably bereft if it went up in smoke tomorrow for technical reasons or whatever. For the multiple billions of people elsewhere it wouldn't even register. For a large chunk of Bitcoin users they're going to go where the convenience and the profits are.

I think you are understimating the power of Bitcoin. The Bitcoin network is the biggest, strongest network on the planet. I will repeat again: biggest, strongest, most safe network on the planet, resistant to all super computers in the world working against it in the same time.

I think this is impressive and it will be very, very hard for any other project to gather this much resources. And it only has begun, we are only at 6+ billion dollar marketcap.

I think we are all still pioneers but we are already entering the "too big too fall" stage. Confidence is built every new day Bitcoin survives.
full member
Activity: 205
Merit: 100
March 01, 2016, 01:54:30 PM
Bitcoin will have a long life. I think his life just started now around this time and that is very good.
But you never know what can happen. It can also that the value will go down and that will not be good. But you can now see that the value is rising slowly.
Bitcoin has a long life but you never now what can happen with the bitcoin because the bitcoin is unpredictable right ?
I think its best to just see what is gonna happen if the bitcoin is stable it will life long maybe even forever than.

Its difficult to see price stability in bitcoins, as bitcoin doesn't have huge market cap so price ups and downs will always follow bitcoins, but if adoption is higher, bitcoin would survive longer.
sr. member
Activity: 322
Merit: 250
March 01, 2016, 10:47:12 AM
Bitcoin will have a long life. I think his life just started now around this time and that is very good.
But you never know what can happen. It can also that the value will go down and that will not be good. But you can now see that the value is rising slowly.
Bitcoin has a long life but you never now what can happen with the bitcoin because the bitcoin is unpredictable right ?
I think its best to just see what is gonna happen if the bitcoin is stable it will life long maybe even forever than.
sr. member
Activity: 336
Merit: 250
March 01, 2016, 10:11:07 AM
Bitcoin will have a long life. I think his life just started now around this time and that is very good.
But you never know what can happen. It can also that the value will go down and that will not be good. But you can now see that the value is rising slowly.
sr. member
Activity: 252
Merit: 250
March 01, 2016, 09:16:00 AM
we can't know how long bitcoin will be alive, but  i hope for next 30 years he will be alive, maybe even more, if price would fall below 100$then it would  be end for bitcoin because everyone will sell it
legendary
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
March 01, 2016, 07:26:43 AM
I think the bitcoin will have a long life but of course its not to predict how long the life of the bitcoin will stand, I think it will be for 20 years from now on.

Its of course not to predict so we have to really see that, the future is pretty good for the bitcoin.

I can predict that bitcoins life will still be living/being used. It will be still living while multiple people are still using it and miners confirming, so that is how long OP. As for a date, now that is a rather silly question imo. but, 02/22/2222.

The important thing that controls the price is simple, demand and speculation. In future we may have a big adoption rate behind us and the demand will outweigh the sellers, that will be a good day.
sr. member
Activity: 406
Merit: 250
March 01, 2016, 07:12:55 AM
I think the bitcoin will have a long life but of course its not to predict how long the life of the bitcoin will stand, I think it will be for 20 years from now on.

Its of course not to predict so we have to really see that, the future is pretty good for the bitcoin.
member
Activity: 63
Merit: 10
March 01, 2016, 06:34:39 AM
BTC is going up and up daily..
May be come down also in the Future.
I want to know How long is BTC life?
what is that important thing that will control BTC price?

Thanks
It will live as long as people like you and me keep on using it. It will never die till even one guy wants to use it.
sr. member
Activity: 256
Merit: 250
March 01, 2016, 06:33:16 AM
With the hope of people soon bitcoin won't go down or end its life. Bitcoin will be having great years ahead as like the dollar. By the coming years bitcoin will experience a good adoption from users around the world which will surely increase Bitcoins life.

There is nobody who can tell how long bitcoin will exist. Nobody. Even the founder mr. Satoshi Nakamoto.
It depends on a lot of actors being part of this prediction. And we can't control them.
legendary
Activity: 3206
Merit: 1213
casinosblockchain.io
March 01, 2016, 06:11:43 AM
With the hope of people soon bitcoin won't go down or end its life. Bitcoin will be having great years ahead as like the dollar. By the coming years bitcoin will experience a good adoption from users around the world which will surely increase Bitcoins life.
hero member
Activity: 966
Merit: 517
March 01, 2016, 05:52:11 AM
#99
the stability will happen when all the people around the world adopt and its use become normal,
I think the ups and down happen because of a number of people adopting or getting a side from it due to some reasons, but whenever its use become normal and it is established then the price will attain some stability.
sr. member
Activity: 420
Merit: 250
March 01, 2016, 05:45:29 AM
#98
I believe Bitcoin will be around for a long time because it is a pioneer in the digital currency world and it also has emancipated many people form poverty and economic crashes. I think it has opened a pandora's box where new types of ideas and thinking is concerned also. There will be ups and downs but for now I believe Bitcoin is slowly increasing in people's interests generally speaking.
Indeed Bitcoin have a long life. I think his life just started. It becomes now more and more popular and that is quite good.
I hope later that more people will use Bitcoin and that the value will rise. That will be so good.

Bitcoin has a long life but I do not know how long because the bitcoin can also collapse because of something that has happened in the future, so its pretty unpredictable what is gonna happen.

I think it has a long life and the point is also indeed that the bitcoin is getting more popular by day.

At this point all of the scenarios that i can think off where Bitcoin would dissapear fall on the "unrealistic category", so that includes a total massive natural disaster, a world war, some sort of alien invasion... everything else has been addressed and is not a real treat. So yeah, it's simply unrealistic that bitcoun would fall at this point, too big too fail.
The Bitcoin life is very long I think that most people think that Bitcoin life have a long life. And that will be good.
The future is also good for Bitcoin. It will be more used and the world is becoming more digital.
legendary
Activity: 3374
Merit: 3095
BTC price road to $80k
February 29, 2016, 11:18:19 PM
#97
I don't how long bitcoin life will be ended but i think trader's won't let bitcoin die in the future.. Bitcoin is the strongest ecurrency online right now and hundreds of website and business online related for bitcoin made month by month and year by year. So that there's no reason to let bitcoins die ..
If you read some article that bitcoin will be dead i think they are just their way to let bitcoin crash and down so that's some trader's will dump their bitcoin and new altcoin will be born.. I believe that bitcoin will be strong remain in the future..
sr. member
Activity: 714
Merit: 250
February 29, 2016, 11:13:09 PM
#96
I think bitcoin will die if there is no more that follow.
As long as there are those who use bitcoin I'm sure will stay alive and survive.
sr. member
Activity: 420
Merit: 250
February 29, 2016, 10:42:59 PM
#95
I am worried about bitcoin when mining becomes less and less profitable and
difficulty goes up and up.

Hopefully bitcoin goes up enough to compensate the difficulty and keeps people mining.

Mining nowdays are not popular and it's long time to reach ROI if you invest on cloud mining. Especially when halving come, i think it will affect mining too.
legendary
Activity: 1316
Merit: 1145
February 29, 2016, 10:33:21 PM
#94
i want to ask....
if miner earning is very low, and no miner interesting to run his device (because the electric fee highest than his earning) , any other way to solve block ? full nodes ?  Undecided

Most likely, if all miners were to up and quit and stop mining Bitcoin altogether, chances are there would be a move from the PoW system that Bitcoin currently uses and it would likely change to a PoS or Proof of Stake system used by other coins. This means that people who already own coins "mine" simply by owning coins, in the simplest explanation possible.

so the wallet will be forked ? and change from POW system to POS system ?
in future miner only get "fee" from bitcoin trasaction, im not sure bitcoin can long life.
hero member
Activity: 1008
Merit: 510
February 29, 2016, 09:51:29 PM
#93
It's possible that as mining becomes more difficult and bitcoins become more scarce, the price will go up.  I think the obvious question is whether people will continue to use bitcoins.  That may be the main effect on value.  If coins are harder to get, interest may drop.
legendary
Activity: 1218
Merit: 1007
February 29, 2016, 09:39:05 PM
#92
i want to ask....
if miner earning is very low, and no miner interesting to run his device (because the electric fee highest than his earning) , any other way to solve block ? full nodes ?  Undecided

Most likely, if all miners were to up and quit and stop mining Bitcoin altogether, chances are there would be a move from the PoW system that Bitcoin currently uses and it would likely change to a PoS or Proof of Stake system used by other coins. This means that people who already own coins "mine" simply by owning coins, in the simplest explanation possible.
legendary
Activity: 1316
Merit: 1145
February 29, 2016, 09:36:04 PM
#91
i want to ask....
if miner earning is very low, and no miner interesting to run his device (because the electric fee highest than his earning) , any other way to solve block ? full nodes ?  Undecided
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