Bitcoin is Going to Die

[Salute DF Member Posts:12 Threads:0 Reputation 1]

I feel like its over its spurt and is going to go down further aswell.

[datagroove DF Member Posts:1,502 Threads:1,018 Reputation 1]

It may in a few years but i don't see that happen in a near future

[eddiej333 DF Member Posts:10 Threads:0 Reputation 0]

I think it would eventually die, but before that happens, some millionaires will buy high quantities, then they will inject very much money to raise its price and sell what they have earning more than they invested, and then repeat the process. Then there are going to be ups and downs that an intelligent investor would use to do the same. Warning: if you want to do this, you must be watching the prices closely along each day and then decide to buy when the price is low and then sell when it comes up, withut waiting too much for the price to raise.

[ubaimalang DF Member Posts:1 Threads:0 Reputation 0]

R.I.P Bitcoin 

[abyscuit Professional Byscuit Posts:108 Threads:9 Reputation 25]

Bitcoin can't die, it's the most stable of all the coins out and why would you ever listen to "famous" people for advice about disruptive technology? All the banks are afraid because their paper money won't be worth anything because it's not backed by anything.

Bitcoin can't die because it's one of those things that once it's created it can't be stopped, someone somewhere will be running a node or mining it keeping the network going.

Even if Bitcoin died (highly unlikely) there are other coins that can take it's place, my bet is still on Ethereum but BCH would be the next to take it's place I believe.