Will Bitcoin be infinite? | Bitcointalksearch.org

btc78

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Quote from: Tina H on July 08, 2021, 01:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

How i wish that Simpsons this time will make it real once again , because since then Simpson shows are very positive in this market and yeah most of the prediction comes reality after years.
But if this will going to happen then I will be gladly keep my coins forever and will passes to my generation after generation.

Quote from: bosede1 on July 21, 2021, 03:47:39 AM

Bitcoin will be infinite in the sense that nobody can correctly determine the price of bitcoin in the next five years, just look at what happens last year to the first quarter who could have thought of the rise and with the fall nobody can correctly says when it's going to take place and for how long and for how much.

That at some point is a way of Whales manipulating the market or reality that the crypto market react in Covid and then recover after a month.

bosede1

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Bitcoin will be infinite in the sense that nobody can correctly determine the price of bitcoin in the next five years, just look at what happens last year to the first quarter who could have thought of the rise and with the fall nobody can correctly says when it's going to take place and for how long and for how much.

XUNing

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Bitcoin's lifetime and value are unlimited. More regions and countries accept Bitcoin, and some countries use it as legal tender. Bitcoin is recognized and traded by more and more people. People's demand for it will increase, and its value will also increase. It will also be a lot of room and potential for appreciation.
As we all know, Bitcoin is scarce with a total of 21 million, which is limited in number.

NathanielParker

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This is just an animation. He did predict something, but that doesn't mean it will happen. We can indeed talk based on the animation. Bitcoin is in a green rising state, but there is also a red falling state. It may be negatively affected for a period of time and lead to a decline, so I believe that the value cannot be unlimited and cannot rise endlessly.

Roy Asher

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I think that everything depends on the consensus of most people. Bitcoin has been widely demanded by people, and I don’t think it will die. There is still a lot of room for growth in the value of Bitcoin. Due to some influences, it may drop and approach the stable range. However, there is still considerable room for the price of Bitcoin to rise in the future. I think this kind of unknown number can be understood as having no upper limit.

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Quote from: Tina H on July 08, 2021, 01:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

There is NO infinite in this world because everything always change. The technology, the value, the supply and demand keep on changing as the time goes by. In terms of supply, bitcoin is already has a limited supply. In terms of demand, bitcoin adoption keep on increasing that also increase the demand but I don't know how long the demand for bitcoin will remain. In terms of technology, in the future people will create another advance and new technology and I don't know if it is still good for bitcoin. Nobody knows the future of bitcoin but I'm sure that bitcoin will not be infinite as what you think.

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Quote from: Tina H on July 08, 2021, 01:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

Many thoughts judge about the limitless of what you say. If you think Bitcoin is not limited to a large number of things maybe that's different, but if it's a price you mean it can be in my opinion. Maybe 20 years from now Bitcoin has a price that exceeds the current limit. But I think a little, will the next 20 years this world still exist? Huh

Kimonoe

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Quote from: Vishnu.Reang on July 18, 2021, 07:23:07 AM

.....

And regarding the survival of Bitcoin, like any other technological innovation, at some point of time in the future, Bitcoin also will be replaced by a better technology.

Of course technology will continue to change with better, faster and more sophisticated, bitcoin dependence on the internet hopefully can be answered in the future, in addition with network problems, of course, is a security problem because bitcoin theft cases are still common.

With every technological development, there will always be improvements in the process. so I think that in the future improvements and innovations will continue to develop, especially if the government directly intervenes which later on these problems will be fixed, especially with the development of today's technology world, of course bitcoin can make the answer for more profitable transactions

lixer

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Quote from: Vishnu.Reang on July 18, 2021, 07:23:07 AM

This is why I always argue in favor of limiting the number of threads the noobs can post in this forum. Look at the title and the post. It creates a lot of confusion and is very vague. I still don't understand what the OP mean by "infinite". Is it related to the supply, or with regards to the survival of Bitcoin? In both cases, he is wrong. Bitcoin supply is not infinite. Even someone with basic understanding of Bitcoin knows that. Do we need a separate thread to discuss it? And regarding the survival of Bitcoin, like any other technological innovation, at some point of time in the future, Bitcoin also will be replaced by a better technology.

There is "sort" of a message per second type of thing, they are not allowed to send messages as quickly as we are, but that is not the issue, they should be able to start messaging as soon as they get here, BUT they should be also moderated. Let's be honest there are very few place in all of online world where moderators go check each thing and then decide to ban some people.

Usually there is a "report" section where if a noob is being a noob then you report them, and that is when they get banned or get their message deleted, I got 21 messages like that got deleted, and that is how it's done. Are they fast? Our moderators are not "that" fast, but it is fast enough, you can be sure that whatever you report will be either deleted or let go inside of 24 hours and that is good enough, in twitter it took me 1 week to get something deleted (it was literal death, should have been gone in minutes). So, I believe there is a good method in place, people just don't use it.

lablab03

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Quote from: Tina H on July 08, 2021, 01:42:00 AM

Do you think Bitcoin will be unlimited in the future?

bitcoin is unlimited bro because you cannot count your profits from it especially if the growth rate of it is constantly increasing.. even we say the price of bitcoin is just 30k in the market "just an example" , because you can totally multiply your 100k from it. just imagine bitcoin price is 30k in the market and then you will earn 100k from it , as the matter of fact because of bitcoin there are some people who become millioner and billioner.. So its unlimited as long as the value is keep improving not keep crashing. Lmao

Oasisman

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Quote from: Vishnu.Reang on July 18, 2021, 07:23:07 AM

This is why I always argue in favor of limiting the number of threads the noobs can post in this forum. Look at the title and the post. It creates a lot of confusion and is very vague. I still don't understand what the OP mean by "infinite". Is it related to the supply, or with regards to the survival of Bitcoin? In both cases, he is wrong. Bitcoin supply is not infinite. Even someone with basic understanding of Bitcoin knows that. Do we need a separate thread to discuss it? And regarding the survival of Bitcoin, like any other technological innovation, at some point of time in the future, Bitcoin also will be replaced by a better technology.

I agree, If someone wants to post to ask or inquire something, it should be provided with clear and concise question.
However, he made a reply to clarify the main question about which infinite he was talking about.

Quote from: Tina H on July 08, 2021, 10:56:13 PM

Quote from: Ucy on July 08, 2021, 04:32:38 AM

~snip~

Yes, I am not referring to the total supply, because this is known and the maximum supply cap is set. I want to know its value, can it be infinite, thanks for the reply to make me understand now.

Well, to answer this. Nothing is infinite, nothing last forever in this world. Sure Bitcoin still has a long way as this technology is just starting to be globally adopted. But, most probably Bitcoin will be gone in the far future and everyone of us here is already dead.
If you're doubtful about the long term price of Bitcoin, then don't force yourself to invest, it'll just give you more stress especially during bearish market.

Vishnu.Reang

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This is why I always argue in favor of limiting the number of threads the noobs can post in this forum. Look at the title and the post. It creates a lot of confusion and is very vague. I still don't understand what the OP mean by "infinite". Is it related to the supply, or with regards to the survival of Bitcoin? In both cases, he is wrong. Bitcoin supply is not infinite. Even someone with basic understanding of Bitcoin knows that. Do we need a separate thread to discuss it? And regarding the survival of Bitcoin, like any other technological innovation, at some point of time in the future, Bitcoin also will be replaced by a better technology.

fullhdpixel

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Quote from: Tina H on July 08, 2021, 01:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

When it comes to supply I don’t think that’s something the developers would like to tamper with.

Although I do know that they can do it if they want to, but they won’t do it, they would rather leave it as it is, just as Satoshi wanted it. But that’s not to say that it is impossible, because there has been a time, years back, that something happened and caused the limit to be more than the twenty one million and the devs had to correct it.

So for me I don’t think that the supply will increase, being scarce is one of the advantages that Bitcoin has, it is part of what makes it more valuable. But there is no limit to how much the price can increase to, it will always continue to increase to accommodate the level of demand in the market.

GeorgeJohn

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Quote from: Lorence.xD on July 08, 2021, 01:56:03 AM

What do you mean exactly by unlimited? The prices or the supply?

I really comprehend op better, what op means unlimited is infinity, if bitcoin will keep on moving or accelerating to this extent, so that means in this case everyone is entitle to portray or suggest he or her point of view via bitcoin, because from my perspective bitcoin will stay long before it can be manipulate, because before it will come in conclusion of when will it come to an end we have to look at the time frame bitcoin has been into existence, like now, bitcoin is up to twelve (12) years, so considering factor of it's long stays, that means the possibility for it to stay till infinity is there. That is from own perspective.

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Quote from: desticy on July 16, 2021, 12:20:55 PM

I doubt it, because nothing lasts forever. Ultimately, at some point, computing power can reach such a high level that Bitcoin can simply be hacked, but when it will be unknown.
Perhaps by that time we will already have a "different" bitcoin or no cryptocurrencies at all.

But if there is such a computing power that can be used to attack bitcoin why the miners cannot use the same technology to protect the network with such computing power?

Now if what you mean are quantum computers then that is another matter entirely but even then we know that there are already algorithms that are resistant to quantum computers so the only thing the developers will have to do is to decide which one of those algorithms they want to employ, and if this has not been done already is because quantum computers are decades away so there is more urgent stuff we need to worry about.

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Quote from: Tina H on July 08, 2021, 01:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

Bitcoin will be in a position where only whales can buy it in future. Its value is going to be huge. I would be considered as a asset and many would tend to buy as much as possible they could like that of gold and lands. Its growth would be spectacle as more investors would fall into it. BTC always holds highest trading volume in every exchanges. Adoption is increasing and this is the sign of its huge growth.

seramania

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unlimited mean? what is the price?
if stock i think bitcoin is still stable at 21 million. for the price it seems that it can be explored even higher. so it's not limited to what you mean. Please explain ?

desticy

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I doubt it, because nothing lasts forever. Ultimately, at some point, computing power can reach such a high level that Bitcoin can simply be hacked, but when it will be unknown.
Perhaps by that time we will already have a "different" bitcoin or no cryptocurrencies at all.

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Quote from: Tina H on July 08, 2021, 01:42:00 AM

The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?

As much as we have seen many of The Simpsons predictions come true several times, I do believe that many of their predictions are still very much open to debate.
If by unlimited, you mean the price of bitcoin, then yes. The price of bitcoin can go as high as possible in the future as long as people still use bitcoin. If however, you meant the supply, then no. The amount of bitcoin that can ever be is limited to 21 million and that's all we can ever get. Not a single after this.

Shenzou

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The reason why bitcoin is different to fiat and to many other cryptocurrencies, is that it has a limited supply that can be mined, and once that is done there is no more creating bitcoin, but as this supply is getting more and more low mining it becomes more and more harder, so in away bitcoin could be infinite if mining the renaming supply gets longer every time, and this is all affects the price the less the supply the higher the value if bitcoin gets.

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