how strong is bitcoin really? - page 56.

groll

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Quote from: potatopower on September 04, 2016, 10:27:14 AM

Quote from: umhhppp on September 03, 2016, 12:25:54 PM

it remained through many hard times, many doubters and those saying bitcoin will be finished in a month etc etc... it still remains strong today and despite the 200 per btc dip it ranges around 500-600 now..

thats true, in my opinion bitcoin is going really hard in the future too but bitcoin is really strong and i believe that it is not going to die

Well it could possibly die not just because of its value but on how long people will support bitcoin. It always depend on how long we will support bitcoin or any other product that will pronounce its sustainability. But since people are starting to gaining knowledge on bitcoin and how it helps many people I believe that it will surely stay for a long long time.

potatopower

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Quote from: umhhppp on September 03, 2016, 12:25:54 PM

it remained through many hard times, many doubters and those saying bitcoin will be finished in a month etc etc... it still remains strong today and despite the 200 per btc dip it ranges around 500-600 now..

thats true, in my opinion bitcoin is going really hard in the future too but bitcoin is really strong and i believe that it is not going to die

chixka000

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As we can see bitcoin is currently dominating the market. Other altcoins price was even not in the half of bitcoin and lol the price of 1 bitcoin is much higher than other fiat currency.

just_Alice

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Quote from: jak3 on August 27, 2016, 12:03:10 PM

We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this

OMG, seriously? Hack bitcoin with a calculator? Only in case if your friend is a geniuous. If it takes HOURS for strong mining machines to generate bitcoins, how long do you think would it really take to HACK btc...

KingdomHearts

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bitcoin is very strong security and i also feel safe when i store my money in bitcoin than bank and and our bitcoin can be grow when bitcoin go to rise up it price so bitcoin is really too much stronger.

entrepmind23

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Pretty strong I think because although it has been tried many times like exchanges being hacked and all and yes the price would drastically go down but then after it happened the price is going up again. This would mean that people still trust bitcoin after all the unavoidable things happening and still believe that it's just bumps along the way and bitcoin will still thrive to go higher. Many people are slowly becoming bitcoin enthusiasts that's why the price is going up because of the strong demand.

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Quote from: drwtsn32 on September 04, 2016, 12:04:40 AM

Quote from: Blackmet on September 03, 2016, 03:47:43 PM

It's still young and promising currency, without amazing power or something like that, sure it's popular and people like it, but as currency it's not so strong.

Yeah it needs to improve more. First thing is to tighten its security. Second is to gain more popularity in the outside world so that not only the consumers to increase but the contributors too.

bitcoin security is tight enough!!
and remember bitcoin security is not the same as your wallet security that is up to you to secure your own wallet file and keep it safe.

drwtsn32

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Quote from: Blackmet on September 03, 2016, 03:47:43 PM

It's still young and promising currency, without amazing power or something like that, sure it's popular and people like it, but as currency it's not so strong.

Yeah it needs to improve more. First thing is to tighten its security. Second is to gain more popularity in the outside world so that not only the consumers to increase but the contributors too.

Blackmet

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It's still young and promising currency, without amazing power or something like that, sure it's popular and people like it, but as currency it's not so strong.

Osarman

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Bitcoin is really strong and powerful because adoption of bitcoin is really going to increase too much faster day by day and people strongly believe in bitcoin because they are buying bitcoin in huge amount.

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Quote from: jak3 on August 27, 2016, 12:03:10 PM

with math and correct formulas we can even predict gambling bets

Well, I can't agree with this one. It is possible to count the probability of something but you can never know for sure what the result will be like.
That is why I am pretty sure nobody can hack bitcoin with the help of a calculator or computer nowadays. I think it is only potentially possible with the help of a quantum computer but we will understand whether such a computer can end encryption only in the future.

calkob

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Millions of bitcoin have been siting in the so called satoshi accounts for over 7 years now and nobody has been able to touch them, i think that says it all...... tell your friend to wise up Roll Eyes

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Quote from: dmarine on September 03, 2016, 01:40:04 PM

From my point o view, bitcoin is now ruling the cryptocurrency world. I don't know other coin with such strength as bitcoin has gained over the years, and you can see the results in the market.

bitcoin is different in any altcoin thats why they are calling altcoin because its just a alternative for bitcoin.. bitcoin is release before and it is not starting as altcoin.. he is already a bitcoin.. so it is really the strongest coin online ever..

coinoclock

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Quote from: dmarine on September 03, 2016, 01:40:04 PM

From my point o view, bitcoin is now ruling the cryptocurrency world. I don't know other coin with such strength as bitcoin has gained over the years, and you can see the results in the market.

this is nothing new. this is the was it's been always, so no surprise there. bitcoin is the strongest cc but is it strong enough to take fiat on?

macedoniantable

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Quote from: dmarine on September 03, 2016, 01:40:04 PM

From my point o view, bitcoin is now ruling the cryptocurrency world. I don't know other coin with such strength as bitcoin has gained over the years, and you can see the results in the market.

Well Ethereum is getting there and Bitcoin has to contend with both ETClassic and ETH.
So we will see if it can weather the storm of the outslaught from both corners.

dmarine

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From my point o view, bitcoin is now ruling the cryptocurrency world. I don't know other coin with such strength as bitcoin has gained over the years, and you can see the results in the market.

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Quote from: umhhppp on September 03, 2016, 12:25:54 PM

it remained through many hard times, many doubters and those saying bitcoin will be finished in a month etc etc... it still remains strong today and despite the 200 per btc dip it ranges around 500-600 now..

Bitcoin is a strong currency and it will be even more stronger in future when people will start using it as a normal currency, with circulation of coins we can also expect higher price.

umhhppp

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it remained through many hard times, many doubters and those saying bitcoin will be finished in a month etc etc... it still remains strong today and despite the 200 per btc dip it ranges around 500-600 now..

stromma44

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Quote from: Gaswuwade on September 03, 2016, 04:25:15 AM

Pretty strong and persistent I would say, There where many attacks and negative criticism on bitcoin from as soon as it started till now and it had easily maintained it's status and kept growing up until now, Bitcoin fills a need for the users and I think it would persist as long as it keeps doing that.

Yes bitcoin is really strong as it has faced many criticisms but didn't give up and has always given best performance at regular times by benefiting all its users in best possible way.

Gaswuwade

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Pretty strong and persistent I would say, There where many attacks and negative criticism on bitcoin from as soon as it started till now and it had easily maintained it's status and kept growing up until now, Bitcoin fills a need for the users and I think it would persist as long as it keeps doing that.

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