Topic: What will you do when the Bitcoin ecosystem SHRINKS? (Read 2460 times)
What will I do? Same thing I'm doing now. Develop my understanding of crypto, and wait to see how it pans out. This is a long play. Even if the ecosystem shrinks, it will grow in other ways, and being able to adapt will determine the longterm success.
zagerfish if the EU or US ban it the price will drastically collapse to 2 digits, if not 1.
Is that a real possibility you factor in? Isn't it too drastic?
I see tax, regulation and accountability but not a complete ban
Is that a real possibility you factor in? Isn't it too drastic?
I see tax, regulation and accountability but not a complete ban
In theory, if a new technology or coin came out that would clearly make bitcoin absolute, the value of bitcoins could plunge to zero, as everyone tries to get off the boat.
Or if the US and EU decide to ban merchants from accepting it.
Everyone seems to be in denial that this could indeed happen.
That risk is just part of the bitcoin gamble.
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Get 420 with bitcoins at zeltasgarden.com
Or if the US and EU decide to ban merchants from accepting it.
Everyone seems to be in denial that this could indeed happen.
That risk is just part of the bitcoin gamble.
___________________________________
Get 420 with bitcoins at zeltasgarden.com
Not sure how you could compare spending/receiving/saving money to something like facebook. Not even close to the same thing.
People don't get "bored" of spending money or receiving money or saving money. The hype and attention around bitcoin would certainly go down as it became a more common thing, just like online shopping or a place accepting debit cards isn't a big deal anymore. But as far as people getting bored with shopping or running businesses or saving money , thats not going to happen.
People don't get "bored" of spending money or receiving money or saving money. The hype and attention around bitcoin would certainly go down as it became a more common thing, just like online shopping or a place accepting debit cards isn't a big deal anymore. But as far as people getting bored with shopping or running businesses or saving money , thats not going to happen.
as we know, bitcoin is growing at the moment, albeit slowly.
but nothing lasts forever, so just like myspace and facebook, one day people will abandon bitcoin to go to another system e.g. fiat money.
what will you do then?
but nothing lasts forever, so just like myspace and facebook, one day people will abandon bitcoin to go to another system e.g. fiat money.
what will you do then?
For there to be another big currency that people would jump to that currency would have to have the same capital level bitcoin does, currently no other crypto currency has 11 million coins in circulation.
Well, Feathercoin has 28 million, some stupid canine coin certainly has more than 11 million.
as we know, bitcoin is growing at the moment, albeit slowly.
but nothing lasts forever, so just like myspace and facebook, one day people will abandon bitcoin to go to another system e.g. fiat money.
what will you do then?
but nothing lasts forever, so just like myspace and facebook, one day people will abandon bitcoin to go to another system e.g. fiat money.
what will you do then?
For there to be another big currency that people would jump to that currency would have to have the same capital level bitcoin does, currently no other crypto currency has 11 million coins in circulation.
since litecoin doesn't offer anything drastically different from BTC, then it would go down along with it.
Usually people do the opposite. FIAT to BTC.
I guess in this case LTC will contract even more.
I guess in this case LTC will contract even more.
What will you do when a new wave of trolls attacks the forum by starting bullshit threads all over the place?
Add them to that special list... So they are never to be seen again.
go to Litecoin 
What will you do when a new wave of trolls attacks the forum by starting bullshit threads all over the place?
Hodl!
Or sell and buy back when it's cheaper.
Or sell and buy back when it's cheaper.
It already have fund on it hardly to shrink
as we know, bitcoin is growing at the moment, albeit slowly.
but nothing lasts forever, so just like myspace and facebook, one day people will abandon bitcoin to go to another system e.g. fiat money.
what will you do then?
but nothing lasts forever, so just like myspace and facebook, one day people will abandon bitcoin to go to another system e.g. fiat money.
what will you do then?
slowly? how many users did coinbase have at the start of the year, and how much does it have today? it's not growing slowly.. it's just that your expectations are a bit unreasonable.
Same thing I do when my dick shrinks. Wait for it to go back up.
I love philosophical questions. When theres no BTC I'll start using xxxcoin. What will you do when there's no fiat?
Horrible comparison: Bitcoin to Facebook.
This reflects a complete lack of understanding of what Bitcoin is.
Try again.
-B-
This reflects a complete lack of understanding of what Bitcoin is.
Try again.
-B-
I'll stay on the boat ! 
If I think Bitcoin's ecosystem really threatens to implode, I would leave the Bitcoin Titanic for a replacement, hoping I'm not too late.
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