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[Gen Evie]

I have always wondered if bitcoin will cease existing or will bitcoin vanish. It's just a thought, but what if there was no bitcoin in the first place, or bitcoin could no longer be mined? According to some opinions, It's calculated that all bitcoins will be mined by the year 2140, this is the point that is estimated to release the last block reward. And in some cases if a Bitcoin is lost or destroyed, it cannot be recovered, which can lead to a decrease in the total supply of bitcoins and an increase in their overall value? My question is why should a digital currency be lost when it's not in the physical?
Also what are you thought concerning cryptocurrencies generally, do you think they can have an end?

 

[Riberet19]

It is very difficult for Bitcoin to cease to exist completely because as you say it is digital and is a decentralized network but as it is connected to the real world thanks to the mining, it could only be carried out if all the mining was disconnected, even if Bitcoin fell a lot almost to 0 it could continue to exist with 1 person who mines the currency and continues to transact even among itself, so it is difficult to cease to exist, the most likely thing is that people will stop using it for different reasons such as new technological advances or possible failures in the Bitcoin network.

 

[SlotsGator]

You shouldn't worry about the year 2100+ since it's very far from the present, meaning everything will change. Bitcoin was launched in 2009 and carried 2000ish tech, which may or may not become obsolete in 2100+. Even the internet we know may become obsolete, let alone something that cannot achieve the same adoption rate such as Bitcoin. Therefore, the risk is there, and the price reflects the risk in Bitcoin. If there's no risk, the Bitcoin price would be way more than 20k-30k USD.

People think too much about the deflationary nature because of key loss and whatever, while the technology itself may or may not last until the last coin is mined. Just think about 20 years in the future, and decide based on that.

 

[Gen Evie]

You shouldn't worry about the year 2100+ since it's very far from the present, meaning everything will change. Bitcoin was launched in 2009 and carried 2000ish tech, which may or may not become obsolete in 2100+. Even the internet we know may become obsolete, let alone something that cannot achieve the same adoption rate such as Bitcoin. Therefore, the risk is there, and the price reflects the risk in Bitcoin. If there's no risk, the Bitcoin price would be way more than 20k-30k USD.

People think too much about the deflationary nature because of key loss and whatever, while the technology itself may or may not last until the last coin is mined. Just think about 20 years in the future, and decide based on that.

Well i appreciate your comment, like i said, it was just a thought that came to my head. Yea the year 2100 is very far from now, perhaps someone from that future would comeby to tell whether or not it actually became obsolete..lolz. perhaps the volatility of cryptocurrencies and the fact that people's investment in it has gone bearish, gives the pessimistic thought about the future of bitcoin and crypto in general.

 

[Riberet19]

You shouldn't worry about the year 2100+ since it's very far from the present, meaning everything will change. Bitcoin was launched in 2009 and carried 2000ish tech, which may or may not become obsolete in 2100+. Even the internet we know may become obsolete, let alone something that cannot achieve the same adoption rate such as Bitcoin. Therefore, the risk is there, and the price reflects the risk in Bitcoin. If there's no risk, the Bitcoin price would be way more than 20k-30k USD.

People think too much about the deflationary nature because of key loss and whatever, while the technology itself may or may not last until the last coin is mined. Just think about 20 years in the future, and decide based on that.

that is totally true, there is no use going so far into the future when, as you say, all these technologies may have become obsolete and the most important thing is that you are surely not alive to see it, you should worry about what is the possibility of surviving this technology in the next 10 years and not in the next 100.

 

[Pousinha]

From time to time, bitcoin has been declared extinct, but it's still here. No mind how much time (obviously, if bitcoin gets extinct, all crypto world will follow). Year 2140? Not the least reason to worry, as we even don't know if the present era would still exists, at its turn, or the Revelation step of Jesus Christ's Reign will be the new reality (no date given to the human being). And in this case we'll need no bitcoin nor altcoin or anything else about crypto world. Just for now, all cryptos may disappear if all the governments of the entire world will ban them, but it's a very remote hypothesis: while some of them ban cryptocurrencies, too many interests in bitcoin (and friends) by many other governments.

 

[Margery]

Bitcoin is a decentralized cryptocurrency that operates on the basis of blockchain technology. This means that information about bitcoin transactions is stored on many computers in different parts of the world, and not on one centralized server. Thus, there is no single point of failure, which makes Bitcoin more resistant to cyberattacks and viruses than centralized systems.

 

[Sammydan]

I don't think bitcoin will go into extinction. Bitcoin is here to stay, and that's evident in many platforms now accepting bitcoin as a payment option. Bitcoin is a digital currency and we are in digital age. So, it's not possible for bitcoin to go into extinction. Infact, it'll continue to get accepted.

 

[Margery]

Some critics may argue that bitcoin is too volatile to serve as a reliable form of currency for long-term investment. However, like any other currency or asset, bitcoin is subject to price fluctuations, which are determined by supply and demand in the market. Investors must be prepared to take risks and have a portfolio management strategy to minimize losses in the event of a bad investment.

 

[@dulce]

This is a topic of debate in the financial community, many say that it will come to an end; but this is not the case, the experts on the subject assure that bitcoin has great potential, and its value will continue to increase since this is a decentralized digital currency and its value depends on supply and demand

 

[Margery]

Indeed, the future of bitcoin remains an open question, and expert opinions differ on this matter. However, some arguments that Bitcoin can maintain its value and even continue to grow include its unique decentralized nature, unlimited potential as a store of value and medium of exchange, an increase in the number of users and institutional investors, and the development of blockchain technology and the creation of new applications. at its base.

 

[cmoneyspinner]

From time to time, bitcoin has been declared extinct, but it's still here. No mind how much time (obviously, if bitcoin gets extinct, all crypto world will follow). Year 2140? Not the least reason to worry, as we even don't know if the present era would still exists, at its turn, or the Revelation step of Jesus Christ's Reign will be the new reality (no date given to the human being). And in this case we'll need no bitcoin nor altcoin or anything else about crypto world. Just for now, all cryptos may disappear if all the governments of the entire world will ban them, but it's a very remote hypothesis: while some of them ban cryptocurrencies, too many interests in bitcoin (and friends) by many other governments.

LOL. One time I read an article on the number of times Bitcoin was going to DIE! It's been around since 2009. According to a publication called 99bitcoins, it's been declared dead at least 400 times. LOL.

 

[Margery]

The problems that bitcoin has faced can include technical issues, conflicts between different members of the community, and even government bans in some countries. But despite all this, bitcoin continues to exist and develop, attracting more and more attention from investors, businesses and government institutions.

 

[Prissygirl]

I have always wondered if bitcoin will cease existing or will bitcoin vanish. It's just a thought, but what if there was no bitcoin in the first place, or bitcoin could no longer be mined? According to some opinions, It's calculated that all bitcoins will be mined by the year 2140, this is the point that is estimated to release the last block reward. And in some cases if a Bitcoin is lost or destroyed, it cannot be recovered, which can lead to a decrease in the total supply of bitcoins and an increase in their overall value? My question is why should a digital currency be lost when it's not in the physical?
Also what are you thought concerning cryptocurrencies generally, do you think they can have an end?

Bitcoin will not go into extinction, if per adventure it happens, then it will be the end of crypto currency if not the end of digital currency. I see great growth potential in Bitcoin. Crypto currency is here to stay, it's just matter of time.

 

[Margery]

If bitcoin disappeared, then this would not mean the end of the cryptocurrency as a whole. There are many other cryptocurrencies that can take the place of bitcoin and continue to develop. In addition, the blockchain technology on which cryptocurrencies are based can have wide applications in various industries, which can also support interest in cryptocurrencies in general.

 

[Bigron]

If the network refuses to adjust to shifting market circumstances, Bitcoin may become extinct. For example, low volumes of trading or an inadequate level of counterparty supervision and risk management could affect cryptocurrency platforms, compromising the framework of the market. Another possible issue that Bitcoin might have is the absence of the mechanism for recovery that the larger market possesses.

 

[Oluwatoyin]

The possibility of Bitcoin's extinction is difficult to predict as it depends on various factors such as technology advancements, government regulations, user adoption, and market demand. However, Bitcoin has been around for over a decade and has seen significant growth and adoption during that time. It has a decentralized and distributed network, which makes it resistant to single-point-of-failure and censorship.

 

[Sammydan]

LOL. One time I read an article on the number of times Bitcoin was going to DIE! It's been around since 2009. According to a publication called 99bitcoins, it's been declared dead at least 400 times. LOL.

Bitcoin can never go into extinction. It's a digital currency that's gaining more ground everyday rather than die. Many companies today have accepted bitcoin as a payment option and we expect more to join soon.

 

[btaliat]

Though nothing is impossible, the extinction of Bitcoin is very minimal. There have been many people that have heard more about Bitcoin and that they have even benefitted from it. In fact some countries are adopting it.

 

[Riberet19]

Though nothing is impossible, the extinction of Bitcoin is very minimal. There have been many people that have heard more about Bitcoin and that they have even benefitted from it. In fact some countries are adopting it.

Yes, there have been so many times that Bitcoin has bordered on irrelevance due to different factors, and then managed to recover and hit new highs and greater adoption, so this is quite unlikely with each bitcoin cycle that completes and continues its development.