will bitcoin become obsolete? - page 7.

BitcoinPanther

hero member

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Quote from: EdenHazard on September 12, 2018, 12:38:42 PM

Payment system tools will be obsolete depending on the times, you can see the development of payment systems starting from the barter system and replaced with money and now if bitcoin is recognized as a payment tool I'm sure bitcoin will obsolete as what you say. However, if bitcoin is compared to gold, I'm not sure bitcoin won't be obsolete because it will be like gold and still worth it. The amount of bitcoin is limited to gold, but with these limitations will make bitcoin have a high value.

Many already believed that bitcoin is set to be the next digital gold.

Yet, as with many other technological product or services, there is always a high probability of being obsolete.

Remember that bitcoin is a technology too and there will be no time frame should it cease to exist taking with it its purpose and value.

rasp

hero member

Activity: 900

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Quote from: ngamuk tok on August 03, 2018, 04:12:56 PM

Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.

Is it possible that bitcoin will be obsolete in the future?

The technology behind bitcoin is rather young and is still waiting to be implemented in various spheres of our life.
Recently I've heard about the intention of one of the countries to use blockchain for elections - wow, isn't that the true purpose of a system that can't ever be modified?
So I don't think that "obsolete" will be related to bitcoin in the nearest several decades.

Rosa Paula

full member

Activity: 336

Merit: 100

Really As I you should not certainly understand this proclamation, considering I really believe bitcoin is without a doubt troublesome to help you foretell. Though in cases where the money for hard times, It looks like bitcoin is simply not outdated and will eventually begin to get bigger up to the point the application stretches to the nation's pinnacle.

qwerty12

jr. member

Activity: 313

Merit: 1

Impossible is something that I don't really want. If the demand for Bitcoin in the future becomes less, then there is a chance that bitcoin can become obsolete. But, I think it's too early to say about that now, Bitcoin is revolutionary and innovative, there are still many benefits of Bitcoin that have not been exposed.

chandra12

full member

Activity: 176

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We don't know the number of many years may bitcoin turn out to be outdated. However at the moment bitcoin may be the best gold coin. The actual bitcoin marketplace continues to be really energetic. Bitcoin costs stay higher. Traders nevertheless select bitcoin with regard to long-term improvement.

SAYDAKHMETOV

newbie

Activity: 266

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I think it's too early for us all to say that bitcoin will become obsolete. After all, bitcoin has appeared relatively recently, gained its popularity and will now only become stable. I think obsolescence is unlikely to happen soon.

EdenHazard

legendary

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Payment system tools will be obsolete depending on the times, you can see the development of payment systems starting from the barter system and replaced with money and now if bitcoin is recognized as a payment tool I'm sure bitcoin will obsolete as what you say. However, if bitcoin is compared to gold, I'm not sure bitcoin won't be obsolete because it will be like gold and still worth it. The amount of bitcoin is limited to gold, but with these limitations will make bitcoin have a high value.

Gannet

newbie

Activity: 154

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I'm sure that bitcoin can not become obsolete. Since bitcoin is a very strong coin and very promising. And too in demand.

KDTnenimo

newbie

Activity: 51

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With the development of the technology world in the future, and there are more sophisticated sismtem than blockchain, but if bitcoin and blockchain system developers can further develop the blockchain system, I think bitcoin and blockchain will not be obsolete in the future.

nizelong

newbie

Activity: 94

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I think Bitcoin will never be outdated. Although Bitcoin is lagging behind other altcoins in terms of technology, the value of Bitcoin is not from technology. Bitcoin is more like a symbol. Gold is also behind other banknotes. But the significance of the existence of gold lies in people's consensus on it!

letzdodiz

newbie

Activity: 182

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in what capacity can one tech be obsolete if it's not being used appropriately in any case all realize that tech will unquestionably be supplanted after some time by considerably more prominent and effective bit of tech, however observing bitcoin being utilized to a great extent as a venture and not a cash, it won't get absolete,people trust that something has esteem, they'd in any case utilize it and enthusiastically acknowledge it, much the same as gold for a large number of years.,,people are currently being acquainted with digital money, so maybe this is the perfect sunset for bitcoin and its siblings regardless they have far to go not far off they're used as money and not simply one more speculation vehicle which a great many people think will bring them wealth rapidly

nbausa

newbie

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Bitcoin has strengths that increase confidence in its development and longevity, making it a good value-for-money store and a good choice for time-locked transactions/scripts. Bitcoin may lose value, but it will never be obsolete.

Vivaseteleri

newbie

Activity: 30

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People now are using Bitcoin. I believe that if something new will exist, still Bitcoin remain in the market and people will continue longing for the usefulness and benefits of Bitcoin in the community.

I Like Bitcoin

copper member

Activity: 448

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It all depends on the point of time and space. If you look at a very large number of years ahead, Bitcoin is obsolete, since in the distant future,
just there are no material values... Cool

LastHope99

newbie

Activity: 63

Merit: 0

Quote from: ngamuk tok on August 03, 2018, 04:12:56 PM

Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.

Is it possible that bitcoin will be obsolete in the future?

Is gold obsolete now? If btc will be used as value storage (which isn't obvious at all, given the speculations taking place), it won't become obsolete, no matter how advantageous other technologies are.

amia1864

jr. member

Activity: 69

Merit: 1

I think Bitcoin will not be outdated, because in the future it will become a currency. For that reason Bitcoin will not be outdated.

muarip

full member

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Merit: 100

WATANABE

Quote from: illnino on September 10, 2018, 03:38:55 PM

Quote from: David Join on September 09, 2018, 11:52:20 PM

i'm very worry about BTC prices. i don't know how Sad

Oh, although I am not a fortune teller, I know for sure: Bitcoin will be always in a demand. It will never become an obsolete cryptocurrency. Its price will be only going up.

Bitcoin is getting more and more interested and I don't think anyone wants to turn to Bitcoin for now. This is a great opportunity for people to buy Bitcoin at a cheap price.

tranle1267

jr. member

Activity: 182

Merit: 1

Looking to the future and control myself

i think bitcoin can not become obsolete, because this value which bitcoin bring for everyone and the world.
now many people have registed day by day, i think it will take long time make bitcoin obsolete.

Relmarrowny

newbie

Activity: 30

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Getting Bitcoin out of date is a pity. The crypto market is running steady on the financial race. Many investors pay attention to this market and that is a good sign.

Cidpollendina

newbie

Activity: 19

Merit: 0

Bitcoin has not yet received the proper popularity and is not used as much as it would be desirable around the world. It can become obsolete in the distant future, if the financial world develops very quickly, we can see something new except bitcoin and cryptocurrencies.

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