Topic: Worried about btc future - page 63. (Read 8952 times)

Transaction fees and times are known issues of BTC, nothing new, and that is why as you say BTC is constantly 'under attack' by BCH BTG etc etc. However those attacks make BTC stronger when they fail and anyway if one of those new coins will ever replace BTC, all you have to do is keeping your BTC on your wallet and same with the new tokens.
ETH is a completely different thing and not as strong as BTC.

Bitcoin is the king of cryptocurrencies and it will always remain the same in future also.despite of launching of differnt hard forks people prefer BTC as they trust in it.If take a look back we notice that bitcoin value has grown 10-15 times the value of other currencies.I suggest not to switch to ETH because its price is $322 and at the same time BTC price is $5500 and it will grow in future so have faith in BTC and make it more popular.

I think the community is strong enough and passionate enough about Bitcoin to ensure its survival. Although there is some uncertainty at present I trust the wisdom of crowds - especially knowing that people have skin in the game.

Bitcoin is just the first cryptocurrency that became very popular. There are tons of other now. Many of them have their own technology that is better than Bitcoin. It is only a matter of time until another much more developed crypto comes along and outshines Bitcoin and takes it over. It could even be Ethereum. ETH is an amazing development and allows for so much more than Bitcoin does.

dont worry about bitcoins future capital appreciation is its going up now everyone is in bitcoins craze years from now bitcoins value would be very high

I am not worried to the bitcoin because I know that bitcoin has a great future. Many people like me are believing to the bitcoin. If we exert a effort to the bitcoin, probably we can earn many money.

I'm not really worried about those problems, and I don't even see as problems, some of the things you've listed.

First I don't see why we should get bigger block sizes right now. You already have bcash for that, and as you can see people are not really turning to it as a solution and prefer to stick with bitcoin. I'm confidant that the LN will solve those issues, and both fees and transaction times will be minimal after it gets implemented. Bitcoin should be able to compete with visa, mastercard, paypal, etc, and with really low fees. No other method of payment or "currency" will really be able to compete with it.

As for the hard forks, why are they such a problem? Ethereum is on it's 5th hard fork if I'm not mistaken, and will have at least another one, and it doesn't seem to be worrying them. Not saying I agree with these forks, but they should not be a problem if they are done well. For instance the community is really not approving the segwit2x fork, because it's not being handle properly, and we are already seeing mining pools and exchanges withdrawing their support. If things continue like this, the fork might not even happen, so the community if proving that is able to handle these forks, if they pose to be a threat to the network.

I think bitcoin has a great future right now, and I don't any reasons for you to be worried right now.

Well there are many people who are always ready to give bad names to bitcoin whenever they can and spread FUD news about it. I have been in the crypto market for sometime now and I believe that bitcoin has the capability to grow and be even bigger gradually. However this needs time and those traders who have that patience can see the effect - because of the forks the market dominance of bitcoin grows and the people are investing in it as well. If you feel you are not willing to invest then dont but in future bitcoin will be an emerging economy.

So far, the future of Bitcoin looks very bright as more people, businesses and governments recognize it, BUT yes, something can always happen that'll negatively impact BTC, like a war or recession, etc. This s why it's always a good idea not to put all your eggs in one basket. Don't invest too much money in BTC.

I 100% agree with you. I see that more and more Government start to accept and regulate Cryptocurrency as a kind of fiat currency such as South Korea tax income Bitcoin, Russia release CryptoRuble and so on. I believe that we should continue to invest in Bitcoin.  

Why worrying about it's future? We can't predict it's future mate. The future of bitcoin is uncertain. Just enjoy them while it's still exist. Don't bother worry about what will happen to bitcoin in the future. That's why theres a hardfork. Developers will fix and add what factors might be missing in able to develop bitcoin. There's always a way. Even if bitcoin die, people can still be able to create and develop another one over time. Bitcoin is just on it's beginning. Just buy as much as you can.

Bitcoin is unstoppable. The only thing that could kill Bitcoin is to ban this technology globally or shut the internet forever(which is impossible). Anyway, you're wrong about China. Bitcoin can stand alone without China. Japan can take over. Japan right now is focusing on mining. So don't worry.

no need to worry about bitcoin in the future, so many merchant partnership bitcoin and accepted bitcoin for the payment
bitcoin will be huge in the future.

I also agree most altcoin is based on Bitcoin but they play different roles. BTC is the gateway from fiat into digital currency. Cryptocurrency coins can make our daily lives easier, they can change the way we live and help the future of this world economy. Don't worry about bitcoin and altcoin.  If something exists , it is present in the world as a real thing.

I must say that I have to agree with the Op. All of these forks seem to be an attack on the unity of the community. Ultimately this is ALL cryptocurrencies have. They are not backed by a government or an economy, they are simply the community that uses them and the value of trust that all participants have in using the system.

If BTC continues to fork it WILL die.

I dont know why but i do agree with you.
Those are one of the reason and the other is when it grows in price I knd of fear it is also nearing a chaos.
It is becoming the apple of the eye of the government and they might do steps that will make the bitcoin world have problems.
The forks are true. Since it hit the thousand dollar mark a lot have been happening which did not before.

Most of what you have said is very true, but I dont see any centralization in china even though they have many miners, also The forks are getting too irritating and I also have that worry. But I think one day a possible fork might use the bitcoin name whilst the current bitcoin becomes the classic

The optimism from the recent price surge is understandable. I think you worry your self unnecessarily, what will be will be, nothing is forever, Its just not possible, there may be a time when bitcoin isn't relevant anymore. Go with the flow OP, and enjoy the ride.

I'm going to go against the consensus and say that I think crypto will still be here without bitcoin. The need for privacy and movement towards decentralised isn't because of any one coin or cryptocurrency, it's a human need for security and a desire for an alternative to globalisation and banks that have wronged us. Bitcoin is only a part of this movement, but it's not the foundations for it. It will hurt the market, but it won't won't destroy it...people will still have the same vision and desire they do now.

I've been a holder since 2014 as well but am now also looking to diversify into a few other cryptos including ETH but main bulk of investment will still remain in BTC as can't see anything superior to it.

If bitcoin does not exist then all altcoin or cryptcurrency will also vanish in my opinion. Because most altcoin is based on Bitcoin. Some cryptocurrency life is dependent on the survival of bitcoin.