Future Of Bitcoin = Shut Down? *UPDATED*

Even I own xxx of bitcoin's.
Yes, BTC have 50-60% risk to fall.
BTC have many type of weaknesses. 1MB block, higher fees, slow transaction, hard-fork risk and soon on. (Unless BTC been treat as asset not as currency).

While a better version of crypto currency keep exiting each month.

"It reminds me Google, that arrived late in the party and dominate everything. Maybe the next big crypto is still in the garage."

bartosimpsonio said:

BTC transactions are verified by a miner? I thought it was verified by everyone in the network?

Click to expand...

I think it has to be verified by a certain number of miners before its accepted as a valid transaction and added to the blockchain.

But once a transaction is added to the blockchain then every transaction thereafter uses a hash to verify that comprises of every transaction prior to it. This prevents your transaction record from ever being altered which is what makes it impossible to defraud.

yes man youre soo rightt, the most righteous opinion about bitcoin


*brb continue mining and botting faucet

Can't see Bitcoin shutting down, despite all of this. Bitcoin is too big and capitalists wouldn't let it happen IMO

Wow and this thread is being upvoted? What bullshit reasons did you come up with, geez.

I belive another crypto currency will take over bitcoin eventually.

many speculations, very pessimistic view. It could go that way.... maybe.
In the end it's all about trust in decentralized cryptocurrencies and YOU decide if you believe in the negative propaganda news from gov's and big bankers, or just trade on the way the modern people do in the world.
I Agree, sooner or later every State or Banks would have there own fancyCoins but the majority of people would understand it's nothing else as a modern version of FiatMoney what actually is the expropriation of the people.
So I think nobody can stop this Decentralisation Tsunami.

You have stated very good points. I am learning more about investing in ALTCOINS, pump and dump type mostly.

But as in cryptocurrency in general, I am more interested in the blockchain technology than bitcoin or shitcoin, there are some promising altcoins too(ripple etc) that has real world uses and applications as compared to bitcoin that is the mainstream coin and is on its way to become the internet's currency.

I don't think it will ever be used by masses(by that I mean large no of ppl who are using internet for buying etc but won't bother using btc) because its WAYY too complicated for the regular internets user let alone the people who are not much famillar/comfortable with internet itself. Bitcoin will always have set no of audience even if it reaches its peak because u cannot force anyone to understand something which they never will, many ppl still think its weird internetz ponzi scheme(mostly elder ppl and our friends).

Just cash in while ya'll can, once it gets out of hand, govt. will put their finger in and will do their usual shit. Just a matter of time.

Offtopic: I think there will be a drop now within a month or so, but after that drop it will rise to $4k lets seeeeee!!!

segwit on ltc was not that bad, now ltc is much healthier and powerful than before. What if you are wrong and price scales x10 ? Nobody knows.
I will trade all my coins for ETH a day before and wait.

Bitcoins too big and untouchable to go down? Companies gets shut down,now bitcoin..

This is an opinion and people have been saying BTC is dying for years. Now its at 2000+, its not going anywhere and its TECHNOLOGY which can be improved on.

Bitcoin can never be shutdown.