Is gold an antique? Is fiat an antique.
I see bitcoin as both so I don't think it will be lined with that.
Antiques stays in storage or will just be in a museum. Bitcoin will gain more usage as time flies by.
We just do not see it for now but bitcoin is still young. Just how many years since it had been since by the people and is still now gaining popularity.
Merchants will be the key for all of this and I hope they are as optimistic as the holders.
Topic: Will bitcoins be antiques - page 19. (Read 1573 times)
Bitcoin has a total of 21 million supplies to mined, and later on after the amount to be mined, I believe that bitcoin will be antiques or rare items that have a value or a higher price, just as valuable rare objects.
I think it would haha, we are on high-tech. Or computer world now. This system might have something to do with these. Anyway people now and days use computer for there everyday of there life.
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?
bitcoin is not real, but the benefits we can feel. meaning that bitcoin is not an item like a fiat, Bitcoin is the virtual currency. so it can not be an antique kept inside a museum like any other antiques.and that will happen after the supply of bitcoin reaches 21 million is the value of bitcoin will rise and high. because people will search a lot only in the market wall.
Will be a valuable antiquity when it reaches 21 million coins. I think it will be more valuable than gold. and will have greater value than the present many times
Bitcoin will only be antique if the computers or servers would all be destroyed. Many people already invest on it which is I think its impossible to be obsolete.
The other factor will be the government. If they would permanent ban the bitcoin in a global scale, it would really make a great change in history to make it antique. But I doubt that wont happen.
The other factor will be the government. If they would permanent ban the bitcoin in a global scale, it would really make a great change in history to make it antique. But I doubt that wont happen.
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?
Bitcoin have a great use cases so I do not think it will become obsolete. And even if all 21 millions is mined, it will still continue to exist and will still be very useful as store of value and as a currency.
The IT environment is very unpredictable and extremely fast in comparison with other technologies. Something might be very
popular today, but tomorrow it might be replaced with something more efficient and innovative. We do not have to wait for all
the coins to be mined, it might happen tomorrow or a week from now. Will it be an antique? Nah, I doubt it. It will just be
very scarce.
popular today, but tomorrow it might be replaced with something more efficient and innovative. We do not have to wait for all
the coins to be mined, it might happen tomorrow or a week from now. Will it be an antique? Nah, I doubt it. It will just be
very scarce.
Though 80% of the 21 million coins are already mined, the remaining 20% is still way too far to be completely mined since it will take more than a century to achieve this. Hence, still early to discuss this kind of topic I think and besides I'm not bothered at this issue because I'm pretty sure that I will not reach that time.
But kidding aside, I don't think btc will become antique or a collectible by the moment all btc are mined. Actually, there's a tendency that it will increase its demand because of the limited supply — meaning, btc's price will soar high.
We can relate this situation into gold. We all know that gold has a small amount of supply compare to other metals because it's hard to produce yet still considered as one of the expensive things in the world.
But kidding aside, I don't think btc will become antique or a collectible by the moment all btc are mined. Actually, there's a tendency that it will increase its demand because of the limited supply — meaning, btc's price will soar high.
We can relate this situation into gold. We all know that gold has a small amount of supply compare to other metals because it's hard to produce yet still considered as one of the expensive things in the world.
when it reaches 21 million the majority think that there is no other room for producing more and it will have tremenodus price because of this but why there are forks just for this reason, and being an antique means it is no usable anymore but if btc reaches 21 mil. than it won`t be a useless thing.
might be more better to say it was rare or worthwhile. but as far as I know maximum 21 million bitcoin will be achieved still 100 years. so it's still very long. and can become a grip for our next generation. block mining bitcoin more harder and it will increase value it self possibly .
Bitcoin becomes antiquated, but instead comes another coin. I think that digital money will be continuous.
Paper money will surely end someday. We have digital age and digital money will reign in place of paper money.
Paper money will surely end someday. We have digital age and digital money will reign in place of paper money.
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 if it reaches 21 million it will only become more valuable, the price will be high and every rich man will want to have at least 1 Bitcoin, just because it is cool and trendy, so the story doesn't end at this point. It can't be an antique because once the miners stop mining when 21 million are mined, then all bitcoin will disappear.
I call bullshit on this one. Mining would cease to exist however, if there is enough incentive for the mining operators to leave their machines running and process transactions in the network, there would still be some form of 'mining' though the reward would be the fees included in a block. All bitcoins wouldn't disappear; they would still exist in circulation as long as their owners have it with them. Try reading more about how mining works and maybe, just maybe, you'll stop spreading misinformation.
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As for bitcoins being antiquities, I doubt it will ever be used as such, though I can see it taking up a similar role like that of gold. If bitcoin proved to be successful and if everyone would be using it in the future, I don't see any reason why some hobbyists would just let it sit there, or why would they collect such since it only exists within the realms of the internet? If it's a failure, how would one store it if the network of computers that keep bitcoin alive don't exist?
It can't be an antique because once the miners stop mining when 21 million are mined, then all bitcoin will disappear.
Antique is used for tangible objects. Bitcoin cannot be tangible. It is a computer program, a mathematical computation based ledger. After the last block is mined, the value of bitcoin will increase even more because the supply of bitcoin wont be enough to satisfy the demands of people who want to have bitcoins.
Calling it an antique is not applicable with bitcoin. Have you ever called fiat an antique? It is very old but i assure you no one will call it an antique.
For the price i think when all bitcoins are mined i think the demand wilk be higher than ever and make the price rise more.
For the price i think when all bitcoins are mined i think the demand wilk be higher than ever and make the price rise more.
It will never be an antique because there are too many bitcoins! An antique is something like a handcrafted vase which is rare. But with 21 million bitcoins there are plenty to go around. However, assuming it has a bright future it will never go out of fashion and become a global currency for the world instead
After 21 million, Bitcoin = Antique, so what is it now, a collectible? Might be since deriving its pricing from scarcity and desirability, belief that as time passes others would want it thus increasing the demand, but as far as valuation, there is much more to Bitcoin than defining it as a collectible/antique, technology/real world utility. Once 21 million coins have been mined, don’t know, I guess at least not antiques, but somewhat stable currency with a bigger community.
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".
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".
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