Will Bitcoin die soon? - page 28. | Bitcointalksearch.org

dimonstration

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Quote from: bhadz on July 07, 2017, 06:17:41 AM

Quote from: Manuj on July 06, 2017, 11:34:10 PM

I don't think BTC is gonna die soon. A very young invention, a promising one at that, with a great future ahead, why will it die then?

It can die, there's no permanent in this world even the strongest strongholds are even falling because of natural calamities. And comparing it to bitcoin, don't be confident that it's not going to happen. But if we keep on being optimistic chances of dying is low or it can be into zero soon.

It can be yes it is that it can die but not this time sooner but there is no other way to happen that as i can see the bitcoin world will be bigger and bigger as i can thought about it. Hope it will be last longer theres a lot of help i receive here in bitcoin.

tinhyeumaunang

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Quote from: 27QVUTZj8rgZP1 on May 17, 2017, 08:38:40 PM

If the current situation persists for too long, then I believe yes... Bitcoin will be damaged, and the small Bitcoin holders will get out of the boat first, not before paying a premium for their transaction fee to fiat, of course.

Now, when we are dealing with bitcoin appeared too much risk. It is very possible bitcoin will die soon because there are many other currencies to compete with it.

care2yak

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I don't think that bitcoin will die.... but it could split as per the outline of the main events that could unify or divide bitcoin (https://www.bloomberg.com/news/articles/2017-07-10/bitcoin-risks-splintering-as-civil-war-enters-critical-month):

Quote

By July 21: SegWit2x software is released and supporters begin using it.

July 21 to July 31: The community monitors how many miners deploy SegWit2x:
If more than 80 percent deploy it consistently, that should signal community-wide adoption of SegWit and the avoidance of a split, at least for now.
But if a majority do not deploy, expect anxiety within the community to grow as the focus shifts to the Aug. 1 deadline.

Aug. 1: UASF is deployed by its supporters, who begin checking if bitcoin transactions are compliant with SegWit.
If a majority of miners still do not deploy SegWit2x or otherwise accept SegWit, and if UASF supporters do not back down, then two versions of bitcoin’s blockchain could come into existence: a UASF-backed one where only SegWit transactions are recognized, and another where all trades -- SegWit and non-SegWit -- are recognized.
If a split occurs, bitcoin will likely begin existing on both blockchains in parallel, resulting in two versions of the cryptocurrency. Expect traders to quickly re-price the value of both, likely leading to massive volatility.

so based on these, bitcoin won't die but could split and one chain or both might have devalued coins until one chain becomes more superior than the other.... and so, we'll have to wait and see what'll happen next, just hope for the best.

Drnice

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Quote from: Vaculin on May 18, 2017, 12:11:36 AM

Bitcoin nowadays is growing rapidly so i cannot tell that this will die soon based on what is its standing at the present.I honestly believe bitcoin will continue to conquer the universe for the coming months and years.

Then what is your look to the upcoming event on the first of August?

Drnice

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Quote from: bitbunnny on May 18, 2017, 12:56:06 AM

The issues of unconfirmed transactions and fees have been disscused so many times on so many threads here. If your transactions are unconfirmed try to speed it up through viabtc.com and for the future choose wallet where you can control the fees.
But this is not the reason the Bitcoin will die, this issue can be solved.

What example of wallet can be chosen, downloaded or created that controlling of fees are done by the wallet owner?

manyu22

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Bitcoin transactions today are often not confirmed quickly. So maybe with the BTU will help. But obviously the bitcoin will not die

Oceat

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Quote from: MetroCoin on July 11, 2017, 07:08:46 AM

We all know that we don't know so far the best thing to do is support bitcoin if bitcoin help you a lot then you/we should not think about bitcoin dying.

Of course if no one is supporting the bitcoin it will die soon and also the bitcoin miners itself. I think they don't want to let that happen, since this is their only way of getting bitcoins and they are the number reason why bitcoin is still alive. But i don't think bitcoin will die since a lot of people are already using this as their number one source of income and also there are altcoins if bitcoin will gone. No need to worry about this stuff as long as we are supporting for the progress of bitcoin itself.

harkonnen

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No. it is not possible. the growth of the bitcoin is increasing all the time now a days

MetroCoin

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We all know that we don't know so far the best thing to do is support bitcoin if bitcoin help you a lot then you/we should not think about bitcoin dying.

geniabelty

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The idea of bitcoin to die soon is far from happening, though this not impossible. Many are now aware about Bitcoin, and most of them are already engaging the market. Normally, this industry is running because of the money rotating around it. More money means many are investing this can cause more opportunity for bitcoin. So, it is impossible as of now that bitcoin to perished.

Neo Bit

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Why should bitcoin die? He is just beginning. It was the same when the Internet appeared. About him also said

Pierre 2

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Bitcoin is becoming nearly religious cult. Community is everything when weather is bad.
In my opinion, bitcoin will never completely die. Price shows nothing. If people love to use btc, it will keep living.

Lampaster

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Quote from: gribble on July 11, 2017, 05:51:51 AM

Because of bitcoin's transaction is slow confirmed by miners and bitcoin's price goes down
doesn't mean bitcoins will be die soon, if bitcoins will be die it will happen couples years ago
but the fact bitcoins is still alive, it is just about time the activation of segwit2x on bitcoin's network
it will be finish on August 1st so don't worry about bitcoin's price.

Any upgrade may lead to small failures in the beginning, but then when the process is debugged I can only see the benefits of switching to segwit2x. If the transactions will be faster and the price will fall we can expect an increase in supporters of bitcoin and as a result of growth of its price.

Adbitco

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Except for the op as long as bitcoin has supporters like me and thousands others we won't let bitcoin die that easily. In fact bitcoin has just started to be getting the attention it deserves and it's not going to die ever. The more you try to kill it the more powerful and stronger it emerges.

gribble

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Because of bitcoin's transaction is slow confirmed by miners and bitcoin's price goes down
doesn't mean bitcoins will be die soon, if bitcoins will be die it will happen couples years ago
but the fact bitcoins is still alive, it is just about time the activation of segwit2x on bitcoin's network
it will be finish on August 1st so don't worry about bitcoin's price.

PhucS

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Quote from: si bungsu on July 11, 2017, 01:05:25 AM

Bitcoin die soon?
maybe yes, maybe not. Because before we say bitcoin will die soon or vice versa, we have to go through the ins and outs of bitcoin.
But in my personal opinion bitcoin will continue to exist and increasingly rare. And the scarcity makes it better than ever.

Yes, I also have the same opinion with you. I think Bitcoin can not die soon, although that may happen but the rate is very low. Bitcoin will continue to grow in the future. Fees and transaction speed are issues that need to be addressed, but not for that reason Bitcoin can die soon, it still exist

n0ne

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Quote from: clickerz on July 11, 2017, 05:39:04 AM

Quote from: Kryptowerk on July 11, 2017, 05:22:31 AM

Haha, well, I am pretty sure Bitcoin will not die, especially not soon.
Regarding the slow transaction confirmation-problem and high fees.... I just sent two tx yesterday with very low fee (9000 sats and 19000 sats). Both got their first confirmation within 10 minutes and went through super fast without hussle.

Of course it wont. Bitcoin have gone this far already and its not easy to say that it is gone soon. The possibility is next to nothing, whats happening now is normal in trading. Bear with it.

This seems quite normal, because in the past to similarly once after price increase it moves downwards. Here too the same is happening, but the price drop is happening in a large scale. Hope by the upcoming month on segwit the price pumping might go much higher.

Bitcoinislife09

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In the status of bitcoin today,I think it will not happen,because to many users and bitcoiners are depending money income to bitcoin.And also many countries are legalizing bitcoin because it is a big help to their social life and also banks are accepting bitcoins.

clickerz

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Quote from: Kryptowerk on July 11, 2017, 05:22:31 AM

Haha, well, I am pretty sure Bitcoin will not die, especially not soon.
Regarding the slow transaction confirmation-problem and high fees.... I just sent two tx yesterday with very low fee (9000 sats and 19000 sats). Both got their first confirmation within 10 minutes and went through super fast without hussle.

Of course it wont. Bitcoin have gone this far already and its not easy to say that it is gone soon. The possibility is next to nothing, whats happening now is normal in trading. Bear with it.

zPanda

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Soon, I can imagine a system where the big 4 major coins would have a network to trade with each other instantly, with low fees and less security.

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