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Author Topic: what happens if the bitcoin disappear ?  (Read 13347 times)
hermanhs09
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January 21, 2016, 12:32:06 PM
 #1

what happens if the next 10 years, bitcoin disappeared and worthless?


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January 21, 2016, 12:40:55 PM
 #2

and what will be the reason for this?

another better coins = most likely bitcoin will get an upgrade, and will be the new better coin itself

value too low = most likely you have cheap coins again, but there would be problem with the network not being secure anymore

governments hindering the adoption = we have already seen that some governments are not against bitcoin, and anyway you can use bitcoin regardless

internal flaw = can always be corrected, people have forgotten the overflow incident that was discovered in 2010, also see bip50
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January 21, 2016, 01:16:41 PM
 #3

If bitcoin disappear means plenty of bitcoin website are also disappear simultaneously. Added currency trading definitely face great loss.
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January 21, 2016, 01:49:25 PM
 #4

what happens if the next 10 years, bitcoin disappeared and worthless?
I don't think the bitcoins will disappear. They may become of less value but not disappear as there is no point I can think that will make bitcoins disappear. Bitcoins are secure,reliable and fast to transfer.
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January 21, 2016, 01:54:21 PM
 #5

If bitcoin is going to disappear I think I will just go for altcoins they have also some coins that can be more worth than bitcoin.
For now bitcoin is the best so I will still continue using it until it dies. It won't happen that soon so yeah.
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January 21, 2016, 01:55:42 PM
 #6

If bitcoin diapers and my money disappears..
maybe i will disappear to!

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January 21, 2016, 01:56:44 PM
 #7

If Bitcoin has to disappear it has to disappear all of our funds too, but this is impossible. We hold control of our coins. You could probably say that out of some catastrophic event the price of Bitcoin might fall a lot, but then it would always recover after a certain point in time.


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January 21, 2016, 01:59:57 PM
 #8

what happens if the next 10 years, bitcoin disappeared and worthless?




When the people of this planet wake up to the Ponzi scheme that's been perpetrated upon them by the central banks for decades, they won't want US Dollars, Euros, or Yen. The people will demand digital currencies like Bitcoin.

The chances that bitcoin and its offshoots (altcoins) disappears and becomes worthless is zero. As you learn more about decentralized currencies, you will come to understand why this is true. You are in the right place, at the right time. The people of the Bitcoin community are intelligent, ready, and able, to be the pioneers in the liberation of mankind.

"The Internet unshackled information, Satoshi Nakamoto unshackled money. And money makes the world go round."
watashi-kokoto
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January 21, 2016, 02:32:23 PM
 #9

Just like real banknotes, Bitcoins cannot disappear. Until at least one Bitcoiner is running the computer, Bitcoin is here.

They can only become worthless. But this will not happen because they are very rare.
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January 21, 2016, 02:40:23 PM
 #10

Its very unlikely to happen in near future. They wont disappear, yes they may become worthless, but again its improbable.

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January 21, 2016, 02:42:48 PM
 #11

I doubt that would happen, I think BTC is filling a certain need and there would be people buying it, using it, trading it continuously and therefore it would maintain existence and a decent price.

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January 21, 2016, 02:46:56 PM
 #12

Puff the Magic Dragon.... Bitcoin did not disappear. It is a piece of code running on thousands of computers. The magic of P2P networks is that it's decentralized... you can not

magically switch off a P2P system without stopping the other systems running on the same internet network. Bitcoin is going nowhere... it's here to stay. If all the countries in

the world starts regulating it, it will still exist and people will use it legally or illegally, like they doing with other P2P networks.  Wink

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January 21, 2016, 02:50:07 PM
 #13

I doubt that would happen, I think BTC is filling a certain need and there would be people buying it, using it, trading it continuously and therefore it would maintain existence and a decent price.
Even I don't think that it will happen like this in the future. The Era of Bitcoins is in full boom now. And there is no chance tha the Bitcoins will disappear in the next 10 years. So we don't need to worry about it, we can buy the Bitcoins and save it for the better future.

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January 21, 2016, 02:52:10 PM
 #14

There is no way that it or any other coin can "disappear".  The coins exist in various wallets.  The value could drop to the point where people let those wallets go, but the coins still do exist.  However, if the price drops to a certain level, then there are always those that are waiting in the wings to buy and buy some more, which will eventually drive the price back up.  The death of Bitcoin would take at least a decade because of this every time the price drops to a low level, increased sales will drive it back up.  The entire process would dip lower and lower until Bitcoin sits at some low price, like $50 per coin and that would most likely be where it would stay.  
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January 21, 2016, 02:53:53 PM
 #15

Are you predicting a human extinction level event? That's about what would be required for Bitcoin to be completely eradicated worldwide in just 10 short years.

Even if Bitcoin lost most of its userbase in the next decade it wouldn't be gone completely. There would still be at least a handful of fourty year old four eyed little pussies living in their mothers basement trading btc like Star Wars action figures.

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January 21, 2016, 02:56:52 PM
 #16

A lot of Businesses would be affected too and more expenditure as result since they have to switch to the traditional ways of monetary exchanges and also all the other alt coins would disappear long before BTCitcoin would which I doubt it happens as BTCitcoin is improving day by day. Many would suffer in which BTCitcoin is their only means of online payment (including me).

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January 21, 2016, 02:58:07 PM
 #17

This is not possible, unless someone invented a very perfect new digital currency, bitcoin prices may be very low, but it will be as a collection of people


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January 21, 2016, 03:11:17 PM
 #18

When the people of this planet wake up to the Ponzi scheme that's been perpetrated upon them by the central banks for decades, they won't want US Dollars, Euros, or Yen. The people will demand digital currencies like Bitcoin.

The chances that bitcoin and its offshoots (altcoins) disappears and becomes worthless is zero. As you learn more about decentralized currencies, you will come to understand why this is true. You are in the right place, at the right time. The people of the Bitcoin community are intelligent, ready, and able, to be the pioneers in the liberation of mankind.

Amen bro!!

But the point is, people who run that Ponzi scheme, will allow that change? or do you think that they will "join us"?, something must happen in order to do "click" on people that will allow them to change their minds, usually, the fear is the reason that freeze the minds of people, the fear about to "what if this wont work?"

in the end, everything is in our hands, if we prove that bitcoin is better than we had now, i'm sure that "the click" will have success.
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January 21, 2016, 03:17:17 PM
 #19

if bitcoin disappeared, so many people who feel sad, especially for those who are looking for bitcoin to support their families, and if bitcoin disappear, I would be lost revenue side  Sad

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January 21, 2016, 03:48:31 PM
 #20

That will not gonna happen over night i think it will be like alts slow slow agonizing death ..
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