Bitcoin Forum

Is there a chance that Bitcoin will be removed in the system or somehow degraded?

This is unlikely to happen in the next few years as too many potential investors are holding and boosting its value at current levels so it is unlikely to end. But maybe after the hard fork event the value of it will decrease.

Removed from the system? Which system? It only takes one PC in the whole world to run a node and it will exist. Sure, governments can ban it but the chance of ALL governments to ban it is getting very slim and more so by the day. As a wild example, Vanuatu announced that they are accepting BTC payments for their citizenship. Thailand shows signs of openness towards crypto as well.

What I mean is that even if big countries like China and US prohibit it, there are options.

So the chance of Bitcoin "to be removed" is almost the same as the chance of humanity to be removed, I would say.

I do not think it will likely possible for bitcoin to end or be removed. And even if that happens, there are many other digital currencies that exist beside bitcoin as well as many currencies to be created to replace the dead one. That means, there is no why for digital currencies to be removed. Furthermore, there are many countries which recognized bitcoin as a form of payment such as Japan, and many other countries that are going to accept it, even if the government bans it, people will find another way to use it.

That was very informative, the "humanity" reference wrapped it up. Thumbs up!

That makes sense, that encouraged me to invest on crypto currencies. Yes, you can actually trade your degraded coins to other crypto currencies to make use of it. Thanks a lot.

not sure if trolling...

We can't tell yet if the bitcoin will be removed from the market or degrade from its value and demand but i will surely say that from these days it is impossible for bitcoin to cease to exit and if that happens the blockchain technology will still be useful to the society as it have a great potential and traits over the bitcoin currency, the chance of the bitcoin to degrade will depends on the influence of the Government and countries that bans the digital currency and views it as a threat.

How will it become a threat to the government? Besides being decentralized. Thanks for the info.

No, there is no way to remove bitcoin since it always exists on the internet as well as the blockchain. So, basically, it can not be removed from the system. However, bitcoin still has its end, but not now. In the future, if bitcoin can not compete to other coins such as ethereum or zcash or litecoin ( They are all potential coins), it will be replaced and it will be the end for bitcoin.

I am sure that this will never happen. Bitcoin currency is more promising than other altcoins all together. I'm not advocating that bitcoin was legalized but I recognize that it will happen. Then maybe bitcoin will gain more popularity and will forever be the leader among all cryptocurrencies.

It's hard for bitcoin to be removed from the system, because people can control that and not the government, but when we talk about the "end" , I think that is right, but not soon. Bitcoin is still a new cryptocurrency and this technology it's still not famous enough in the whole world, so i predict that bitcoin will last more than 15 years.

So far all the answers i received increased my confidence in investing on bitcoin.
Thank you for all the useful information shared on this thread.

Because bitcoin has no regulation and has no central authority that controls it, they can't impose tax to bitcoin as it is decentralized and anonymous that's why it can be a tool for unlawful criminal activities like scamming, fraud, money laundering and tax evasion that's why some countries like china bans bitcoin based on their statements but we know that they have their own motives and selfish reasons why. Regulation and Control that's what the Government wants specially to our currency that's why they hate it mostly the central banks.

I do not think maybe bitcoin removed, because the more advanced the internet then I think bitcoin will also follow it. Unless a government in a country abolishes it, it can happen.

Well done buddy, everyone loves bitcoin. So the chance of bitcoin being removed to the system is also like dreaming that Adult frog can have a wings :D Sooner or later, other countries will accept bitcoin as one of their payment options.

I don't think we'll see that happen

if you talk about the possibility it will be there but it will be very difficult to be true because usually the removed coin has an excuse because it is not desirable anymore, but if we see bitcoin is in its peak and more famous.

I don't think that bitcoin will end or be removed in the system as of now because it is impossible to imagine since bitcoin is performing pretty well. I think bitcoin will continue to prosper in these coming years and it will become impossible for the government to stop bitcoin or end it since it is untouchable for being decentralized.

It is highly improbable. For what reason or perhaps reasons would you think bitcoin will be removed? If bitcoin will fall down, do you think the entire world of cryptocurrencies will not be affected? I would even think that so many cryptos will also die along with bitcoin. But again, this is too improbable to happen.

Until it has potential value, I don't believe it will be removed from the system. But as it is a kind of technology, if it starts getting unused( losing potential) or it's market value starts decreasing, then people might start forgeting it, because it would not bring any added value to the users. But until then, let's enjoy BTC, and take maximum profit out of it!

What do you mean system? I don't see bitcoin will be removed at this time since bitcoin is a successful sigital currency now. Bitcoin will be removed only if the internet connection is gone but its impossible and if only the creator will destroy bitcoin itself..These are the ways bitcoin will be removed from the world :).

Yes because more efficient and stable cryptocurrency are being generated thoes will be accepted by various countries.

I think that the cryptocurrency market will not disappear even if bitcoin dies. But I do not see the conditions under which this can occur. Any ban bitcoin States will not stop users. They just go into incognito mode. Now among users of bitcoin, a lot of speculators. The market is not regulated and therefore bitcoin has volatility. When there is a lot of ordinary users, the price will become more stable. Speculators leave the market and then bitcoin will start to take shape currency.

what do you mean bitcoin will remove from system?
there will be no possibility of bitcoin will end, bitcoin still have a high potential I think. you can see now bitcoin has reached in 5676 USD. don't worry BTC will stay here as long as we are all here. because we are the ones who promote bitcoin to the world. Bitcoin will be more famous

Who will removed bitcoin from system? I don't think it will be ended or removed.
Bitcoin have decentralized system. There is nobody can control it.
That is can remove if all countries have banned bitcoin, so there is no people use it.
Bitcoin price still keep increasing and i am sure that bitcoin will more famous in the future.
And we are live in digital era. Naturally, bitcoin is come to provide ease in transactions in this era.

Of course, it could happen, but never mind.
I'm not worried, as many investors are boosting its value at current levels so it is unlikely to be removed from system.
The proof, bitcoin prices continue up, up, up, to $ 15189.

Bitcoin can not be removed from the system. Because it is always available with the Internet and blockchain. It is never possible to remove or remove or end it. Although never ending, now it's not. Bitcoin can not compete in future aromatic or zcash or litecoin. Bitcoin will end when it is replaced.