The life span of bitcoin is till infinity - page 8.

yazher

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Quote from: Kittygalore on August 30, 2021, 10:03:54 AM

More like till there's human or rational beings that see the value of crypto exist, well technically forever but that's the more appropriate or fitting timeline for bitcoin since what's it's use if it exists in the void.

They compared bitcoins to the early stage of the internet and look at it right now. As we can see, we cannot live nowadays without the internet because we grew up with it. I think the same for the people who visit the crypto market every day. Bitcoin will likely forever exist in our life span and the next generation will more likely use it. I'm not sure about the price but judging with its current market value, it will remain high price after a hundred years from now.

ardentvolcanoes

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Quote from: ILuckyGuyI on August 31, 2021, 05:11:14 AM

I am not sure about this. We never know whether the demand for Bitcoin would stop at some point. For now, it is increasing and it is helping Bitcoin get stronger than before. But maybe at some point, one of the altcoins in the market (currently existing or not) will manage to dethrone Bitcoin and people will start losing their interest in Bitcoin. And it might be the end of Bitcoin also.

No one can conclude as we don't now what future will bring to us, there are speculations
and lots of opinions regarding to Bitcoin existence.

What we see currently is the strong market appreciations and with lots of newcomers who
are also investing to this asset seems that it will continue to grow.

Only major collapse may bring this asset down, so far there's none that Bitcoin unable to
work out and still surviving.

Sanugarid

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Quote from: worle1bm on August 31, 2021, 05:38:29 AM

Till the time we can predict future to some extent we can anticipate that bitcoin will be more famous and widely adopted by all and you could easily make payments over LN with your local stores and companies will paying employees in bitcoin and it will be regulated all over and treated as fiat and the future is bright no doubt in that.We can say it's going to be $100k more possibly than going down below $100 so make your choice now.

Clairvoyance isn't going to happen, I mean what do you think will happen if we were to interfere with how the time flows? A lot of things might happen or might not happen and I don't want to be banking on clairvoyance if I know the future might be disrupted. I think going down to 100$ is an impossible thing to happen because bitcoin's come a long way and I am pretty that they won't be able to touch that point ever again.

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Quote from: TimeTeller on August 30, 2021, 01:13:48 PM

Quote from: Assface16678 on August 30, 2021, 12:30:48 PM

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We really don't know the lifespan of bitcoin as it is hard to know what the future will be 50 or 100 years from now.
The possibility of creating another technology that will beat bitcoin is always there.
We can't declare that bitcoin will last infinity because technology evolves thru time.
So just enjoy that right now, we are experiencing the benefits of what bitcoin is bringing to crypto users.
It may last for another 10 or 20 years, but stating that it will last infinity maybe an overstatement.

Totally agree but I think that it's not really our business what's going to happen in a century or even the half of it. You're right, just enjoy the show and wait for things to happen and hopefully get out while the going's still good.

Wexnident

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Well as long as the internet stands I doubt it would actually fall down. If you were to look up on ways on how to shut down the Bitcoin network, then killing off the internet in the entire world is one of the options (if not the only) that one could use, which is close to impossible. Though it's utility as a currency would depend on if People would still actively use or invest on it. Right now it's more like an investment so to speak, and it's value as a currency to be used is still on the low side, however once the demand and supply stabilizes, the want and need for it to be used as a currency should rise instead of as an investment, and as long as someone uses it, it should remain and exist.

worle1bm

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Till the time we can predict future to some extent we can anticipate that bitcoin will be more famous and widely adopted by all and you could easily make payments over LN with your local stores and companies will paying employees in bitcoin and it will be regulated all over and treated as fiat and the future is bright no doubt in that.We can say it's going to be $100k more possibly than going down below $100 so make your choice now.

Kong Hey Pakboy

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Quote from: ILuckyGuyI on August 31, 2021, 05:11:14 AM

I am not sure about this. We never know whether the demand for Bitcoin would stop at some point. For now, it is increasing and it is helping Bitcoin get stronger than before. But maybe at some point, one of the altcoins in the market (currently existing or not) will manage to dethrone Bitcoin and people will start losing their interest in Bitcoin. And it might be the end of Bitcoin also.

I don't think it's going to happen anytime, it's not like people will stop looking for investment in the future, pretty sure that as long as bitcoin is a profitable investment which will always be, bitcoin will persist as an investment tool. Only time that I think that bitcoin will stop becoming relevant is when we become extinct as a human or we start a nuclear holocaust.

Dhoe

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the life span of bitcoin to infinity,, I really believe that bitcoin has a very bright future, but if you say that the life span of bitcoin to infinity, I'm still not sure, because nothing here is eternal, because As time goes by, life is getting more advanced, and technology is getting more and more sophisticated, so I don't dare to say that bitcoin's lifespan is infinite.

ILuckyGuyI

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I am not sure about this. We never know whether the demand for Bitcoin would stop at some point. For now, it is increasing and it is helping Bitcoin get stronger than before. But maybe at some point, one of the altcoins in the market (currently existing or not) will manage to dethrone Bitcoin and people will start losing their interest in Bitcoin. And it might be the end of Bitcoin also.

NathanielParker

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It can't be so absolute. Before, no one knew that Bitcoin would become what it is now. Then there may be coins that are more attractive or adopted than Bitcoin in the future. No one can predict what will happen in the future. Bitcoin is now developing in the world. I certainly hope that Bitcoin will get better and better, but it does not mean that no new technology will be born in the future.

Masplanc

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Quote from: GeorgeJohn on August 30, 2021, 09:41:34 AM

When i flashbacks far 2013 and 2014, within that range far back i remember how people were castigating bitcoin as a means of extortion of money, and also a means of scamming peoples money, but today everyone is interested to invest in cryptocurrency and more especially in bitcoin, because from what i observed from little bitcoin seminar program i hosted in my geographical domain even a nursing mother that is approximately forty to forty eight (40-48) years is interested to invest with bitcoin and children in school is already knows what is bitcoin, so with this length of bitcoin awareness in my society i think BTC can stay till infinity.

True. People looked down on Bitcoin back then , though I wouldn't blame them for ignoring or looked down on Bitcoin. It's nature to doubt things you don't truly believe in, I think that earlier time they never saw the value and where Bitcoin was going . Time as thought many lessons the opportunities they missed in Bitcoin, but it's Never too late for them to join the train of Bitcoin. Bitcoin is here to stay for ever.

imstillthebest

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btc seem to have a negative reputation before but btc didnt die until the day where its reputation get cleaner so how much more today where btc is known to be a safe haven than being a criminals money ?
you have a point op that btc might live until infinity or as long as there are still humans .
im impressed that even childrens at the early age already recognized btc but its normal for older age people to know btc because they think btc can be beneficial to them .

Louis Harper

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The examples given can see the changes in the image of Bitcoin in people's minds. With the passage of time, the popularity of Bitcoin has become higher and higher, and the usage rate has also increased. It was questioned in the past, and now it is widely respected and followed. Bitcoin's future situation is very good,

bounceback

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I would not say if bitcoin will last forever although basically we realize that bitcoin has a very strong potential to survive in the long term, but considering this is a technology created by humans it is very possible in the future someone will create a technology that is better than on current bitcoin technology.

davis196

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Quote from: GeorgeJohn on August 30, 2021, 09:41:34 AM

When i flashbacks far 2013 and 2014, within that range far back i remember how people were castigating bitcoin as a means of extortion of money, and also a means of scamming peoples money, but today everyone is interested to invest in cryptocurrency and more especially in bitcoin, because from what i observed from little bitcoin seminar program i hosted in my geographical domain even a nursing mother that is approximately forty to forty eight (40-48) years is interested to invest with bitcoin and children in school is already knows what is bitcoin, so with this length of bitcoin awareness in my society i think BTC can stay till infinity.

One big problem of people's opinions about Bitcoin is that they are changing pretty fast.
One month the Bitcoin price does up and everyone suddenly thinks that Bitcoin is the best financial asset ever.The next month the Bitcoin price goes down and the FUD crowd appears out of nowhere,saying that Bitcoin is a scam,ponzi,a waste of money,creation of the CIA,fake money,a tool of the crypto whales to drain more money out of the poor investors,etc...
The only difference between 2021 and 2013/2014 is that way more people are aware about Bitcoin,but that's doesn't mean that they will put their money into BTC right away.

Ararbermas

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Quote from: GeorgeJohn on August 30, 2021, 09:41:34 AM

When i flashbacks far 2013 and 2014, within that range far back i remember how people were castigating bitcoin as a means of extortion of money, and also a means of scamming peoples money, but today everyone is interested to invest in cryptocurrency and more especially in bitcoin, because from what i observed from little bitcoin seminar program i hosted in my geographical domain even a nursing mother that is approximately forty to forty eight (40-48) years is interested to invest with bitcoin and children in school is already knows what is bitcoin, so with this length of bitcoin awareness in my society i think BTC can stay till infinity.

everytime bitcoin makes improvement and breaking new records in the market, thats the time people really sees the value or advantages of bitcoin than other investment such stocks and etc, well it's not surprising actually because of some references nowadays of some successful people because of bitcoin or should i say crypto currency..

Sithara007

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It is very difficult to say for how long Bitcoin will be able to survive. But similar to the case with other technological innovations, Bitcoin also has a limited lifespan. Some say that advances in quantum computing would make it easier to crack the private keys (by brute force method), in another 15-20 years. But Bitcoin may also innovate itself, to prevent such issues. Personally I believe that at some point in the future, Bitcoin may be replaced by a much better technology. It won't be replaced by any of the altcoins, since in 99% of the aspects they are same as Bitcoin.

Kiley33

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The value of Bitcoin is unlimited, and I agree with that.
In the next few years, Bitcoin will become more and more popular.
No one can predict how long Bitcoin will exist, but as long as there is the Internet, there will be Bitcoin.
No one can predict the future development of science and technology. There may be a more mature technology to replace Bitcoin.

ene1980

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Quote from: GeorgeJohn on August 30, 2021, 09:41:34 AM

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because from what i observed from little bitcoin seminar program i hosted in my geographical domain even a nursing mother that is approximately forty to forty eight (40-48) years is interested to invest with bitcoin and children in school is already knows what is bitcoin, so with this length of bitcoin awareness in my society i think BTC can stay till infinity.

You cannot compare Bitcoin during its initial years and in 2021. The market has created a revolution because of the technology behind it and then the price rally create huge waves in the market where everyone started noticing well before the second rally and major news outlets covering the market and anyone investing in financial market will be well aware of the cryptocurrency market and it is a household name even if they are not holding the coin.

DarkDays

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Quote from: GeorgeJohn on August 30, 2021, 09:41:34 AM

When i flashbacks far 2013 and 2014, within that range far back i remember how people were castigating bitcoin as a means of extortion of money, and also a means of scamming peoples money, but today everyone is interested to invest in cryptocurrency and more especially in bitcoin, because from what i observed from little bitcoin seminar program i hosted in my geographical domain even a nursing mother that is approximately forty to forty eight (40-48) years is interested to invest with bitcoin and children in school is already knows what is bitcoin, so with this length of bitcoin awareness in my society i think BTC can stay till infinity.

I don't think BTC can stay till infinity (if I understand you correctly) but it will for sure mark an important part of our history and technological evolution.

BTC is where blockchain came from and it is fair to say that the technology itself will be adapted and adopted by many industries.

We can already see today how this is being used by medical, financial and marketing fields, to name a few.

It is only a matte of time until we see most things on chain.

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