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Can Bitcoin last forever?

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  • #16
    This is a hypothetical question and depends on the developers and users of Bitcoin. If one fine morning everyone says “Forget Bitcoin” then all the Bitcoins would be become useless or if the governments all over world declare Bitcoin illegal! But that is also hypothetical just like the Title! So we can’t predict exactly what will happen in the future. But if we are using Bitcoin now, then we need to be cautious as with any other investments. Those who take all investments lightly would suffer later!

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    • #17
      Why look at what happens after 1000 years, when we can look at the present and immediate future say for the next 20-30 years or so or anytime for that matter till you retire from active investment/trading.

      By doing such activities you need to grow your capital and savings so that you can retire rich by being independent and not even depending on your kids. Money is there to be made but you must be smart enough!

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      • #18
        Yes Rizwan Khurashi. Any investment would last till it is beneficial on either side. If one side backs out then then the whole thing would come crashing down. So we need not worry about the forever scenario as we ourselves won’t be there forever to see it in action. Thus if you are planning to use Bitcoin or already using it, then just follow all the good investing parameters which is quite common for all asset classes. Just don’t be too greedy!

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        • #19
          What is FOREVER? It’s funny question in my view, why are we even worry for FOREVER. We just need to focus on present times and look if it’s beneficial for us and if it is beneficial for us then we need not to worry much over anything else in my book.

          It will definitely last pretty long, but I don’t want what forever means and what this forever is! Nothing stays, so everything is going to go at a time!

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          • #20
            Hope Bitcoin lasts forever but we will not be able to see it as we will die at some point of time! So in reality it does not matter if something lasts forever! Of course, every investment or asset class must last long so that it can be effectively used till then and sold later at a premium. So people must work with the present and see to that they effectively manage their Bitcoins well and pass on it further to their dependents!

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            • #21
              Yep Papia Khatun Asha. Human life is limited, so we might not be around to see whether Bitcoin is lasting forever or not. It is also childish to think on that line.

              What happens after some years nobody can predict, so need not become too concerned about that. One can though focus on the present so that they have good future till they live and leave the rest to their kids/family! I personally don’t think like that and try to live in the present and immediate future!

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              • #22
                Yep this is really funny question! Whether Bitcoin lasts forever or collapses completely tomorrow nobody knows! So there is really no question of worrying about it and just focus on the present and the immediate future. Bitcoin is also strange asset as it is not issued by any legal authority and the price is very high at the moment. So all such discussions over & above such things are quite meaningless regarding the forever future of Bitcoin.

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                • #23
                  Agree with all here. This is something that does not really directly concern to Bitcoin. This is just a hypothetical question and answers to it would obviously vary. Human life is limited and we cannot know what happens to Bitcoin after we die.

                  So there is simply no reason to worry about it. If we do like this then there is no end to things we can think which will only make us paranoid enough!

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                  • #24
                    If mining reward is zero when all 21 million bitcoin will be in circulation than miners will get total transaction fee as mining reward. And i am sure at that time different miners will set different transaction fee per KB of transaction considering their cost and bitcoin price at that time. If price go higher fee will be lower in terms of bitcoin and vice versa. I think bitcoin can survive even without any block reward for miners.

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                    • #25
                      Bitcoin won't last forever because everything in this world must come to an end. It's like us; even we take care of ourselves every day, eating healthy foods, going to the gym, living in a healthy lifestyle, still in the end we are going to die. We just don't know when will it come and it goes the same to bitcoin.

                      Many people are using bitcoins and doing bitcoin to earn bitcoins but who knows that one day when you woke up, bitcoin is gone, you don't know how, why, what, when and so many questions you want to ask but no one can answer you because they don't even know too. Let's just enjoy using bitcoin right now because we all know that someday it will come to it's end.

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