Will Bitcoin be dead in the coming days?

In my opinion this is bigger than one nation and China is just panicking a little bit. They will understand eventually that it’s better to be a part of the game of the new economy than outside of it. This is why they are not banning the mining. Soon they will let the exchanges reopen.

This is my view, but you need to remember that it’s not going to be an easy ride.

To answer this question, No, Bitcoin will not be dead in the coming days and will likely not be dead for a long time to come. That being said, if the entire internet was to be taken down globally, then potentially it could kill Bitcoin. However, as long as even one copy of the Bitcoin core ledger was to survive such a calamity, Bitcoin would reboot along with the internet if or when it was restarted.

That actually is why Bitcoin remains out of the reach of the governments and banks that would love to regulate or shut it down. Bitcoin itself has no server, entity or company that could be targeted and killed. It is actually not stored in one place and is stored on any computer running the Bitcoin core client. That network is so globally decentralized that, to kill Bitcoin, the entire network would need to be shutdown. Because that would involve shutting down the internet, and finding and deleting every copy of the Bitcoin code, it would be impossible to kill Bitcoin.

The only way, aside from a total breakdown in society, and shutting down the entire internet, would be a 51% attack of the Bitcoin network. For that to happen, someone would need to take control of more than half of all the computing power of the network and that would also be nearly impossible. Bitcoin’s overall network is as powerful as 500 supercomputers. Bitcoin has become too decentralized and far reaching for it to be stopped, banned, or killed, in its present state.

I will assume, for Bitcoin  to be worthless that people stop using it to happen, either a better, alternative technology that is not yet invented would need to be thought up and then created, or people would have to stop mining and trading Bitcoin due to a better solution. Considering the Bitcoin community is growing, the second option is unlikely, unless, a new technology that is better (Bitcoin 2.0) renders it useless by the people who currently use it. As for someone thinking up a way to attack Bitcoin or hack Bitcoin, making it useless, that would likely involve some type of giant leap in quantum computing that is at least 20 years from current technological levels.

In short, Bitcoin is not dying, is actually becoming more difficult to kill as more people join the network, and will likely be around for the foreseeable future. The pundits and financial elite will spread propaganda in regards to it dying. This is because they have the most to lose if it were to be adopted by every member of the human family.

Bitcoin and other cryptocurrencies are revolutionary technologies that will spread to more sectors than most people realise. Contrary to mainstream rhetoric, the entire Bitcoin and cryptocurrency sector is still in its infancy and simply going through some growing pains. Investing in the sector will likely be the best choice anyone makes for their long term financial future, provided they do it responsibly and from an informed position.

For those that don’t understand the technology or have a financial background, I can offer service for everyday people to copycat the investment strategies of professional cryptocurrency traders. This means that even with limited knowledge, a person interested in investing in this emerging tech can do so relatively responsibly.

You currently have an active investment?

Are you on a big loss now?

Are you stressed with the current situation of a market?

If all yes then I see that you just engage in the world of crypto without understanding the risks the moment you put money here. In the time like this you have 2 options; a) buy more coins to increase your stash or ; b) relax and take a break from a crypto for the moment but still you will watched the price.

Making profit on crypto is not as easy as others think. They might considered that an easy one because they entereed during the bullish run and the hype is very strong. That's why when bearish run occur, they feel stressed and frustrated.