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Topic: What will you do when the Bitcoin ecosystem SHRINKS? (Read 2464 times)

member
Activity: 98
Merit: 10
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.
newbie
Activity: 42
Merit: 0
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
newbie
Activity: 37
Merit: 0
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. 

___________________________________
Get 420 with bitcoins at zeltasgarden.com

sr. member
Activity: 364
Merit: 250
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.

full member
Activity: 182
Merit: 100
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?

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.

Smiley



Well, Feathercoin has 28 million, some stupid canine coin certainly has more than 11 million.
hero member
Activity: 630
Merit: 501
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?

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.

Smiley

sr. member
Activity: 434
Merit: 250
since litecoin doesn't offer anything drastically different from BTC, then it would go down along with it.
newbie
Activity: 42
Merit: 0
Usually people do the opposite. FIAT to BTC.


I guess in this case LTC will contract even more.
hero member
Activity: 750
Merit: 601
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.
full member
Activity: 182
Merit: 100
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
go to Litecoin  Tongue
legendary
Activity: 1400
Merit: 1013
What will you do when a new wave of trolls attacks the forum by starting bullshit threads all over the place?
newbie
Activity: 13
Merit: 0
Hodl!

Or sell and buy back when it's cheaper.
newbie
Activity: 7
Merit: 0
It already have fund on it hardly to shrink
sr. member
Activity: 434
Merit: 250
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?

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.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
Same thing I do when my dick shrinks. Wait for it to go back up.
hero member
Activity: 658
Merit: 500
Small Red and Bad
I love philosophical questions. When theres no BTC I'll start using xxxcoin. What will you do when there's no fiat? 
hero member
Activity: 924
Merit: 1001
Horrible comparison:  Bitcoin to Facebook.

This reflects a complete lack of understanding of what Bitcoin is.

Try again.

-B-
hero member
Activity: 513
Merit: 509
I'll stay on the boat ! Wink
full member
Activity: 164
Merit: 100
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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