Will bitcoins be antiques - page 11.

Eijrafarm

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Quote from: Aryadwipanggah on March 24, 2018, 03:11:33 AM

we know all the bitcoin has 21 million coins suply, will bitcoin be a valuable antiquity when it reaches 21 million coins or it will be the obsolete item that will be in its enthusiasts, what do you think?

I think that this day's BTC is already a valuable antique which as the time goes by the its value would rise. It's popularity is already on par with those valuable items

Dondisimo

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By antiques I mean something that is outdated and does not enjoy relevance.But is it possible to say so about bitcoin? He's just starting his development. And when all the bitcoins are mined, will begin a completely different era, where he will play a major role.

Lebovsky

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Bitcoin is still of great value, although it has not reached the level of 21 million, and it is now much less. Its value will grow, but not to the level of Antiques. It can become so if the coins are simply lost. And its number will be much less than the planned 21 million.

Marry Finch

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Emission in Bitcoin, unlike state fiat, fiduciary money, is limited. And trust in crypto currency is based on network control and cryptographic protocol.
Bitcoin does not have intrinsic value, but very high utility - the ability to transfer the equivalent of cost over long distances rather quickly, reliably and cheaply.

fattyforhire

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It is too early to say that bitcoin is outdated. We do not call pounds or dollars Antiques, despite the fact that they exist for a long time.

Silberman

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Quote from: kingkonjac on May 08, 2018, 06:29:12 PM

if it reaches the 21 million it has 2 scenarios the first one it is a very valuable asset and the supply is over and the other one it is not used anymore and left out so the miners could reach it very soon and be an antique.

It is estimated that we are not going to reach the limit until the year 2140, so if miners stop mining bitcoin we are never going to reach that number of coins, however I doubt very much that bitcoin is going to become some kind of collectible, the developers are stopping at nothing in order to improve bitcoin as fast as they can, and while some are not happy with the progress I think they are doing a good job.

gajebo

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may be more precise, rarer and more valuable than antique because if the bitcoin supply runs out because it runs out in the mine, auto bitcoins exist only in each individual, and that makes the price much more expensive and will be increasingly scarce in the market. .

bitcub

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Two things might happen when we already mined 21millions BTC. First it could lead into a very high Bitcoin price. That time I know there will be lots of missing Bitcoins due to forgot paraprhase, loss coins due to hack. Bitcoin must be in 6 digits or in 1million value.
Next scenario, Bitcoin might be obsolete, there might be a replacement for Bitcoin. Something that is more faster and can handle scaling problem that Bitcoin cant handle.

Quote from: Aryadwipanggah on March 24, 2018, 03:11:33 AM

we know all the bitcoin has 21 million coins suply, will bitcoin be a valuable antiquity when it reaches 21 million coins or it will be the obsolete item that will be in its enthusiasts, what do you think?

fargoway

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As everything in this world - bitcoin will become antique in the future. Later, next generations will try to understand what was important for us (including bitcoin).

Pattart

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Quote from: irfandi hasan on May 11, 2018, 11:46:57 PM

Quote from: talkbitcoin on March 24, 2018, 04:11:45 AM

the word you are using (Antique) is not suitable here.
an Antique is something that has aesthetic or historical significance and is at least 100 years old. the thing about bitcoin is that it will become 100 years old at some point but it will always remain as fresh as ever since bitcoin is immutable so it will never get "old".

This is really like your opinion, antique clear words with identical goods that are generally ancient and rare, but only when it's 100 year-old bitcoin antique and hard to Obtained

Yeah something will be antique if it is old and does not have any changes or updates? while bitcoin corresponds with the times. there are changes or developments from the developer in accordance with the needs so bitcoin will always be suitable for whenever. such as halving on bitcoin because of a growing number of bitcoin users and many other examples

anisuzzaman99apu

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Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever.

There is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

Missterio

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Quite possible. to exclude anything it is impossible.

fishball

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Quote from: Aryadwipanggah on March 24, 2018, 03:11:33 AM

we know all the bitcoin has 21 million coins suply, will bitcoin be a valuable antiquity when it reaches 21 million coins or it will be the obsolete item that will be in its enthusiasts, what do you think?

With these huge amount of bitcoin users and its continuous increase in number, how come bitcoin will become obsolete? I think it will lead to rice explosion and again huge number of people goig crazy about bitcoin.

Janation

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Quote from: fianaindriati on May 12, 2018, 08:12:09 AM

Quote from: soulripper on May 12, 2018, 07:57:22 AM

Yes. I agree with this statement.Bitcoin will be antique because of its sole privilege that attracts the public to invest in this bitcoin. In addition, bitcoin is also easy and easy to get by following the recommended bounty by moderator.

yes if the amount of bitcoin is limited, and it is difficult to find bitcoin, the bitcoin is a hard-to-find antiques. if it is a bitcoin antiques then everyone will feel difficult.

What are you saying? Do you even know the meaning of being antique? It is a term used for things that might be a furniture or an art work that has a great price or value because of its considerable age (Antique). Bitcoin is not hard to find but it is hard to mine these days but not that hard to earn since there are a lot of ways to earn Bitcoin.
In the future, Bitcoin may be so old and might be the first and oldest digital currency but it will never be an antique since it will be more developed and will be more useful in the future since people will be starting to use it as a currency of the internet.

rolerVX

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Yes it will be antique not as we know the normal ways of antiques in this universe. Bitcoin will be antique with respect to unreachable value in the future as 21millions supply couldn't contain the world if the price is reachable. That's what I think.

boblets243

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Quote from: Aryadwipanggah on March 24, 2018, 03:11:33 AM

we know all the bitcoin has 21 million coins suply, will bitcoin be a valuable antiquity when it reaches 21 million coins or it will be the obsolete item that will be in its enthusiasts, what do you think?

It will be like antiques because antiques have high values. But it will not act an antique because Bitcoin will still be used. When that day comes the demand will increase which will be the reason of the price high.

genlocy

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No, I don’t think so. It cant be antique. Antique mean which is ancient. So there is no doubt it is not possible. It will be the future best currency, there is possibility of this.

fianaindriati

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Quote from: soulripper on May 12, 2018, 07:57:22 AM

Yes. I agree with this statement.Bitcoin will be antique because of its sole privilege that attracts the public to invest in this bitcoin. In addition, bitcoin is also easy and easy to get by following the recommended bounty by moderator.

yes if the amount of bitcoin is limited, and it is difficult to find bitcoin, the bitcoin is a hard-to-find antiques. if it is a bitcoin antiques then everyone will feel difficult.

soulripper

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Yes. I agree with this statement.Bitcoin will be antique because of its sole privilege that attracts the public to invest in this bitcoin. In addition, bitcoin is also easy and easy to get by following the recommended bounty by moderator.

irfandi hasan

newbie

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Quote from: talkbitcoin on March 24, 2018, 04:11:45 AM

the word you are using (Antique) is not suitable here.
an Antique is something that has aesthetic or historical significance and is at least 100 years old. the thing about bitcoin is that it will become 100 years old at some point but it will always remain as fresh as ever since bitcoin is immutable so it will never get "old".

This is really like your opinion, antique clear words with identical goods that are generally ancient and rare, but only when it's 100 year-old bitcoin antique and hard to Obtained

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