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Author Topic: What set of conditions can crash blockchain or bitcoin to zero USD?  (Read 498 times)
ScamViruS
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January 27, 2020, 07:46:48 PM
 #41

Basically Bitcoin can't run without the internet. If for some reason the Internet service is shut down all over the world, then Bitcoin will become Zero. Because all the activities of Bitcoin depends on the Internet. From transactions to trading, everything is done through the Internet. I see nothing but the Internet which can reduce the price of bitcoin to zero.

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January 29, 2020, 09:19:06 AM
 #42

Basically Bitcoin can't run without the internet. If for some reason the Internet service is shut down all over the world, then Bitcoin will become Zero. Because all the activities of Bitcoin depends on the Internet. From transactions to trading, everything is done through the Internet. I see nothing but the Internet which can reduce the price of bitcoin to zero.

and possibly the entire economy.
Reid
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January 29, 2020, 11:21:35 AM
 #43

I have read some good points but I have my own.
Lack of support will the first one.

Examples are the alternative coins. They became just because they are forgotten or nothing is buying it anymore.
Some may say it is the shut down of internet but that won't happen. That just means there is a world war going on if internet cannot be provided anymore.
Electricity have so many alternatives by now so take that out.

Yeah, that summarize it. Lack of support.
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January 29, 2020, 11:51:44 AM
 #44

Even coins that have no intrinsic value have value solely for existing on the market of a small exchange.

I would say that BTC will always carry some sort of value to someone, whether it's investors, people who need to transfer money overseas, so on and so forth. The demand for BTC is not only as a speculative token, it has a range of practical uses that I simply cannot see going away any time soon.

As long as BTC has a hard limit and continues to have some sort of demand, there will be value. For it to truly go to zero, the hard cap has to be broken, which is extremely unlikely given that the community simply won't allow it to occur.

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January 29, 2020, 12:26:09 PM
 #45

Bitcoin will crash or cease to operate if every miner stops the mining process. Thats the only way I think can stop bitcoin. But since its decentralized there is no way we can do that. In centralized things its possible to stop or manipulate since you have complete control over the process.

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Hypnosis00
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January 29, 2020, 02:32:44 PM
 #46

Bitcoin will crash or cease to operate if every miner stops the mining process. Thats the only way I think can stop bitcoin. But since its decentralized there is no way we can do that. In centralized things its possible to stop or manipulate since you have complete control over the process.
And to add for this, when all the supports coming from miners, investors, traders and users will no longer be inherent. It could be an odds to see like that but that is the only way I could think that it stops crypto. But, are we letting this thing to happen? Definitely, not, in fact, we even supportive to the market even we struggles so much difficulties cause we believe that this could help us to our life and our future.
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