Will Bitcoin die soon? - page 42. | Bitcointalksearch.org

mrayazgul

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Quote from: zedsacs on June 02, 2017, 04:16:15 AM

Maybe it's just too many person are transacting so that there are so many delays. Just like in the roads, if the traffic is heavy, all of us couldn't go to the places that we want to go.

I dont think Bitcoin can die only because of the sole reason that there are too many transactions. Many transcation means people are more using bitcoin and bitcoin miner network should handle this.

sportis

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Quote from: zedsacs on June 02, 2017, 04:16:15 AM

Maybe it's just too many person are transacting so that there are so many delays. Just like in the roads, if the traffic is heavy, all of us couldn't go to the places that we want to go.

The theoretical transactions are about 7tx/sec. The reality is about 3 to 4 per second. Looking for unconfirmed transactions here you can have an idea about the time. So anyone gives more he can be more sure that his transaction will be confirmed in a less time. That means the opposite OP claims. That is, people are willing to pay for something valuable. So how could this (valuable) die?

couture

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I think the issue is speed.

The sheer volume of transactions that occur every day via regular banks and credit cards etc is astronomical.

Allllll other things aside, fees, accessibility etc i think bitcoin (or any cryptocoin to take the world by storm effectively) needs first to address the issue of speed.

lady Royal

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Quote from: loveyouforever on May 17, 2017, 06:48:46 PM

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.

Who says that if transaction don't get confirm in a day will make bitcoin die?
Why don't you understand that you have to pay the minimum recommended fee, which is raised by the greedy miners. It must be your fault because you didn't used the minimum fee because of that your transaction got stuck?
Next time please refer to this site

Code:

https://bitcoinfees.21.co/

Put the minimum fee, Then after putting the required fee if your transaction still get stuck you can say that bitcoin will die soon. Bitcoin will come to it's normal position soon.

Ewinsane

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Quote from: Napole0n on June 02, 2017, 04:26:41 AM

I think not, it is because the user bitcoin continues to increase and is now marketcap with currently price is more than $40 m, bitcoin will die soon if the user leave and price go to floor.

You are right that bitcoin users increasing continuesly and I do not think that bitcoin will die because bitcoin demand is very much high and a lot of people are getting a huge profit from bitcoin and a lot of people are risch through bitcoin and I am sure that bitcoin users never leave the bitcoin and I feel that bitcoin is very much important project of our life .

batang_bitcoin

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There are a lot of complains that are being posted and filed at their respective solution giver. But not just because of those problems, I doubt it will kill bitcoin and the fact that bitcoin died hundred times already. So this type of speculation about bitcoin's death did happened many times before.

briny

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I am not sure for the shortrun perspective but i am sure enough in the long run those who ever holding BTC gonna be the biggest gainer. Bitcoin is a system which only you can create like a society but when its created it runs by its own will. we cant control it cause, no body can control bitcoin. A system can be maintained but not control Kiss

TheCheek

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It can die, simply because it does not have any long-term existing institutions backing it.

The future is precarious.

I can see a handful of possible worlds.

It would be ironic if it died because the bitcoin developers were not up to the job (hence the transaction mess we are in).

Gintama214

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Well that doesn't mean that bitcoin is dead when 1 day just passed and no confirmation yet, you just gotta be patient all things takes time especially when you are mining and stuffs. Just don't lose patience because in this business you need patience and if you don't have that then your not fit in this cryptocurrency. I do think that in this business patience is the key. Bitcoin will not die especially just because of that you need to think more and as you see today the bitcoin price is keeps increasing over time. The First time that I invest on bitcoin, the price was 1K and now it's 2k. Bitcoin will never die especially many other coins are investing through bitcoin.

Xester

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Quote from: Napole0n on June 02, 2017, 04:26:41 AM

I think not, it is because the user bitcoin continues to increase and is now marketcap with currently price is more than $40 m, bitcoin will die soon if the user leave and price go to floor.

Totally agree. How will it die if it was almost valued same to oil, gold, and copper. It is considered as a currency now considering its value that is so high. It will only die if people will stop using it but it was very impossible for me. It could die but not that soon. Let us earn first and make use of its capacities before it dies. Grin

DoublerHunter

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Quote from: Napole0n on June 02, 2017, 04:26:41 AM

I think not, it is because the user bitcoin continues to increase and is now marketcap with currently price is more than $40 m, bitcoin will die soon if the user leave and price go to floor.

That is what we need to maintain in order to make bitcoin strong and even stronger for the next months and years is to maintain its market capitalization and also the number of users and if possible promote bitcoin to the places that bitcoin is not yet popular so we can have a brighter future for bitcoin and also for our selves.

adzino

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Chances of bitcoin dying now is really low. A day might become where bitcoin won't be very much popular like it is right now, but won't die. Just less people using it than usual. The transaction fee is actually currently an issue for lower amount of bitcoin transaction, but seems like it isn't affecting the price/coin yet. Lets just hope for a fix.

Napole0n

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I think not, it is because the user bitcoin continues to increase and is now marketcap with currently price is more than $40 m, bitcoin will die soon if the user leave and price go to floor.

zedsacs

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Maybe it's just too many person are transacting so that there are so many delays. Just like in the roads, if the traffic is heavy, all of us couldn't go to the places that we want to go.

Russlenat

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For me it won't happen because bitcoin is now fully established and stable cryptocurrency, many alt coin also established and known now but bitcoin still the #1

illaslli

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Bitcoin doesn't really innovate but its a cool concept, it could have easily died in its early days like many other cool concepts but its become mainstream enough and has enough of a cult following to keep it alive forever. It could die in the sense that it becomes much less valuable and used by much fewer people but it will always be around.

panganib999

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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.

Bitcoin is a working progress that is being acknowledge by many everyday. I know that in the past few days or months it has been facing such problems about late confirmations or somewhat lag problems but as it is being used and known to many now I know the people who is behind bitcoin will do think and make a way to fix the problem.

sunsilk

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Quote from: Warry on May 29, 2017, 10:32:32 PM

Of course not. As the fast development of e-currency, they will become stronger, and Bitcoin is the first e-currency, the strongest one now so it's not easy to be beat

It will never ever die soon. The price itself will tell on how strong bitcoin is. If you are aware and conscious with the price.

And as long as the market cap for bitcoin is big, many will enter to invest in bitcoin that will create another price increase.

Because of it's decentralization it will also make bitcoin to become more popular.

gracia0023

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Quote from: loveyouforever on May 17, 2017, 06:48:46 PM

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.

I think bitcoin will not die, the only thing need in bitcoin is more improvement to be implemented specially in transaction fees.
Bitcoin unity in the world along through years will not happy if bitcoin die. Personally transaction fees need improvement.

romero121

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Quote from: sandor111 on May 29, 2017, 10:06:58 PM

No I don't think that bitcoin will ever die as its still in its younger stage and still it has managed to achieve this high price so just imagine where it will land in future when the demand of bitcoin will go higher so there is no scope that bitcoin will die ever in future.

Same as human beings have a continuity through the generations bitcoin too will be used continuously by the upcoming future generations. So I hope bitcoin will not die, as there is no perfect reason to make it go worse and get vanished.

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