How long will bitcoin survive? | Bitcointalksearch.org

Vikingr

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Quote from: ekoice on September 22, 2016, 01:55:28 PM

I think upto next 15 years, no other cryptocurrency could replace the no.1 position of Bitcoin.

Even after that also, Bitcoin would still survive but may be not in the top position.

Until that time, Bitcoin holders will enjoy greater benefits

Do you think that any other crypto currency will have potential to get the No.1 position ?
No, there is no any altcoin which has that much potential to overcome the speed of bitcoin. Bitcoin is much faster at it way to success and all other coins are much behind from it.

ekoice

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I think upto next 15 years, no other cryptocurrency could replace the no.1 position of Bitcoin.

Even after that also, Bitcoin would still survive but may be not in the top position.

Until that time, Bitcoin holders will enjoy greater benefits

vero

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Quote from: ayesha sadiqa on September 22, 2016, 01:09:11 PM

Quote from: Dabs on September 22, 2016, 12:16:00 PM

Bitcoin may well survive at least another 30 to 50 years. By that time, most of the coins are mined and miners are surviving on transaction fees as the block reward (at 0.02 BTC) would be too small by then. We will be at the 12th reward era, but as early as the 7th era 99% of all bitcoins have already been mined, so the next 50 to 100 years it's almost just all transaction fees.

The 8th era is estimated to be 2036, but if history is any indication, we get there a year or two faster than what we can estimate today, so maybe 2034 or 2035. By 2032, the block reward is under a whole bitcoin or about 0.78 BTC.

If bitcoin survives in 30 years, then it will likely survive for another 30 after that.

i think no one can say anything so sure about bitcoin that how long will it say, but i am hopeful that bitcoin is going to be one of the best world crypto currency and it will stay for ever and people will use it as a currency for buying and selling every thing.

bitcoin has become the best in the cryptocurrency and no one can compete with bitcoin maybe never be replaced by another cryptocurrency as long those still interested with cryptocurrency.

ayesha sadiqa

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Quote from: Dabs on September 22, 2016, 12:16:00 PM

Bitcoin may well survive at least another 30 to 50 years. By that time, most of the coins are mined and miners are surviving on transaction fees as the block reward (at 0.02 BTC) would be too small by then. We will be at the 12th reward era, but as early as the 7th era 99% of all bitcoins have already been mined, so the next 50 to 100 years it's almost just all transaction fees.

The 8th era is estimated to be 2036, but if history is any indication, we get there a year or two faster than what we can estimate today, so maybe 2034 or 2035. By 2032, the block reward is under a whole bitcoin or about 0.78 BTC.

If bitcoin survives in 30 years, then it will likely survive for another 30 after that.

i think no one can say anything so sure about bitcoin that how long will it say, but i am hopeful that bitcoin is going to be one of the best world crypto currency and it will stay for ever and people will use it as a currency for buying and selling every thing.

Dabs

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Bitcoin may well survive at least another 30 to 50 years. By that time, most of the coins are mined and miners are surviving on transaction fees as the block reward (at 0.02 BTC) would be too small by then. We will be at the 12th reward era, but as early as the 7th era 99% of all bitcoins have already been mined, so the next 50 to 100 years it's almost just all transaction fees.

The 8th era is estimated to be 2036, but if history is any indication, we get there a year or two faster than what we can estimate today, so maybe 2034 or 2035. By 2032, the block reward is under a whole bitcoin or about 0.78 BTC.

If bitcoin survives in 30 years, then it will likely survive for another 30 after that.

zimmah

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No one knows.

Too many variables.

it could be killed from the inside, like it seems some are trying right now.

it could be replaced by altcoins.

it could be killed from the outside.

But the longer bitcoin stays the top dog of crypto, the less likely it will be destroyed, however it's never quite 0%.

Xester

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Of course it will. And by that time many people were already familiar on what bitcoins can do. The life of bitcoin is dependant to us. If many people will continue supporting it then bitcoin will still be around even beyond 2020. It id always depends on us. So if you want bitcoins to last we should help each other on that goal.

Pap0u

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You guys act like Bitcoin is written in stone or something. All Bitcoin needs to do is update and hardfork to adapt any tech a new coin offers. Bitcoin isn't failing, whoever thinks that is an idiot.

rio3233

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Quote from: pitham1 on September 21, 2016, 11:44:08 AM

Quote from: Ayers on September 21, 2016, 11:12:18 AM

Quote from: piloder on September 21, 2016, 11:05:57 AM

I don't see any reason for bitcoin to die within 2020, it may survive till we all live. Technology is advancing everyday however i am quite sure bitcoin will also keep on advancing to become more secure everyday.

yes until something truly revoluzionary and better than bitcoin come out, not talking about altcoin clone lol, bitcoin will live forever and the blockchain will live without a doubt forever, it's a great project

2020 is only 4 years away. There are enough die-hard investors, who will stay invested at least until the next halving.
No matter what the bad news is, their faith in the system is unshakeable.

Yeah, i'm sure in 2020 people will still using bitcoin and bitcoin will survive. For me, bitcoin can survive forever if people keep using bitcoins, if the people stop using bitcoin anymore, bitcoin will dead for sure.

RealPhotoshoper

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Quote from: afbitcoins on September 21, 2016, 05:50:02 PM

In precious metals forums I notice people interested in bitcoin but not alts

they interested in bitcoin as investment right? instead as payment option.
bitcoin as investment more popular out there isntead as a currency, a digital currency.
it is okay , they know as investment at first time but slowly they will know and feel comfortable use bitcoin as currency. more investors more time to bitcoin to survive.

saiha

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Quote from: afbitcoins on September 21, 2016, 05:50:02 PM

In precious metals forums I notice people interested in bitcoin but not alts

This is a good indication that bitcoin is going to survive for a long time and I guess it doesn't need to survive either what people must do is adoption.

So when bitcoin is going to be adopted already people are going to use it for daily lives and it is going to be the medium of our currency.

And it is going to be our need for our daily life as an exchange for the fiat money.

afbitcoins

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In precious metals forums I notice people interested in bitcoin but not alts

1Referee

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Quote from: piloder on September 21, 2016, 11:05:57 AM

I don't see any reason for bitcoin to die within 2020, it may survive till we all live. Technology is advancing everyday however i am quite sure bitcoin will also keep on advancing to become more secure everyday.

Bitcoin as it is, is already top secure where the network that powers Bitcoin is increasing in power year on year. Even with blocks containing just half the rewards compared to before the block halving, the difficulty is still increasing. And with that, the network is getting even more secure. However, what also important is, is that we focus on preventing centrality under farms. It's not a good thing that one entity with several farms owning the major part of the network.

molsewid

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Own my prediction i dont know it feels like bitcoin will never be dead as long as they are user who gonna use it make sense people if you are using one thing it will never be dead if you treat them right

Lokfar

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Quote from: pitham1 on September 21, 2016, 11:44:08 AM

Quote from: Ayers on September 21, 2016, 11:12:18 AM

Quote from: piloder on September 21, 2016, 11:05:57 AM

I don't see any reason for bitcoin to die within 2020, it may survive till we all live. Technology is advancing everyday however i am quite sure bitcoin will also keep on advancing to become more secure everyday.

yes until something truly revoluzionary and better than bitcoin come out, not talking about altcoin clone lol, bitcoin will live forever and the blockchain will live without a doubt forever, it's a great project

2020 is only 4 years away. There are enough die-hard investors, who will stay invested at least until the next halving.
No matter what the bad news is, their faith in the system is unshakeable.

I also think the bitcoin will survive longer and it also has a good future a head so I think that it will survive very long.
The bitcoin will take over the world soon or later.

pitham1

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Quote from: Ayers on September 21, 2016, 11:12:18 AM

Quote from: piloder on September 21, 2016, 11:05:57 AM

I don't see any reason for bitcoin to die within 2020, it may survive till we all live. Technology is advancing everyday however i am quite sure bitcoin will also keep on advancing to become more secure everyday.

yes until something truly revoluzionary and better than bitcoin come out, not talking about altcoin clone lol, bitcoin will live forever and the blockchain will live without a doubt forever, it's a great project

2020 is only 4 years away. There are enough die-hard investors, who will stay invested at least until the next halving.
No matter what the bad news is, their faith in the system is unshakeable.

ronaldo40

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Quote from: Ayers on September 21, 2016, 11:12:18 AM

Quote from: piloder on September 21, 2016, 11:05:57 AM

I don't see any reason for bitcoin to die within 2020, it may survive till we all live. Technology is advancing everyday however i am quite sure bitcoin will also keep on advancing to become more secure everyday.

yes until something truly revoluzionary and better than bitcoin come out, not talking about altcoin clone lol, bitcoin will live forever and the blockchain will live without a doubt forever, it's a great project

yes I believe bitcoin will continue to survive for a long time, even until bitcoin depleted mined in decades will remain alive. This is the best technology I've ever found. bitcoin currency could be a good future.

Ayers

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Quote from: piloder on September 21, 2016, 11:05:57 AM

I don't see any reason for bitcoin to die within 2020, it may survive till we all live. Technology is advancing everyday however i am quite sure bitcoin will also keep on advancing to become more secure everyday.

yes until something truly revoluzionary and better than bitcoin come out, not talking about altcoin clone lol, bitcoin will live forever and the blockchain will live without a doubt forever, it's a great project

piloder

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I don't see any reason for bitcoin to die within 2020, it may survive till we all live. Technology is advancing everyday however i am quite sure bitcoin will also keep on advancing to become more secure everyday.

Denker

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Quote from: Xenophoto on September 21, 2016, 03:11:04 AM

I guess as long as the Internet exists and the blockchain is running, Bitcoin will survive. Economically, Bitcoin will survive as long as there is no coin that will surpass bitcoin. It's quite hard to say, though, that Bitcoin will survive forever because there's a lot of things that can happen on the Internet in such short time.

This is true.
As long as people mine and trade Bitcoin it will have value and therefore continue existing.
Furthermore it is right that we have no clue if Bitcoin can or will be replaced by another coin.
However this coin must have similat features.Meaning a finite coin supply, open and accessible for everyone.Decentralized and censorshop resistent with the possibility of open innovation on top of it.
Anything else is negotiable.

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