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Author Topic: What do you think is killing Bitcoin, if anything is?  (Read 2787 times)
rababo
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April 14, 2016, 04:38:51 AM
 #81

What is killing bitcoin?
That is internet extinction.

If internet can't be used anymore, then bitcoin would become history.
pinkslink
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April 14, 2016, 04:42:49 AM
 #82

All i can say if all holders do massive selling will affect the price and it will gonna die if investors are in panic selling And if the wallet provider is being hack or bankrupt it may also 1 factors that bitcoin might dead.
if price goes low
the bulls show their support
if price goes high the bears show resistence

that is how trading works, BTC is where it is now due to demand vs supply

and according to VPRO some miners are/were running at a loss (oct 2015) when btc was below $300
which would indicate the price to be undervalued at that time.

Right now that seems to have adjusted and BTC is trading where it should be.
even if big whales dump a shitload, there will always be other whales looking to pounce on that oppurtunity and buy a shitload at low prices,
as would probably many non traders, the low price would attract attention and create demand driving price back up (fast slow whatever)

as for companies going bankrupt, they go bankrupt do to fiat, and more importantly most likely due to the interest fees they must pay to their fiat creditor.

hacking, is just poor business model, by any company that wants to work with BTC but thinks security of its servers is not priority.
this gives more claim as to why we need P2P, as third parties cannot be trusted when they put (fiat) profits before prople.
goinmerry
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April 14, 2016, 04:49:24 AM
 #83

What is killing bitcoin?
That is internet extinction.

If internet can't be used anymore, then bitcoin would become history.

Truth. No internet, no bitcoin. That is the fact that bitcoin is an online currency. Thread about bitcoin changing fiat will be impossible. It is entirely different than physical money.
armansolis593
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April 14, 2016, 04:53:10 AM
 #84

What is killing bitcoin?
That is internet extinction.

If internet can't be used anymore, then bitcoin would become history.

Truth. No internet, no bitcoin. That is the fact that bitcoin is an online currency. Thread about bitcoin changing fiat will be impossible. It is entirely different than physical money.

Well if that thing would happen then it will really kill bitcoin but i think what would really kill bitcoin is that is the blocksize wont be upgraded to 2mb we will see a slow confirmation it the coming months.
Herbert2020
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April 14, 2016, 05:10:34 AM
 #85

i don't think anything is killing bitcoin, because it looks strong to me and growing each day.

but i think there are a lot of things that are keeping bitcoin back from its real potential and becomming huge. things like the FUD that is being spread by the media, and a lot of stupid traders who are looking for a temporary dip or the altcoin pumpers like the ethereum supporters.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
arwin100
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April 14, 2016, 08:21:59 AM
 #86

i don't think anything is killing bitcoin, because it looks strong to me and growing each day.

but i think there are a lot of things that are keeping bitcoin back from its real potential and becomming huge. things like the FUD that is being spread by the media, and a lot of stupid traders who are looking for a temporary dip or the altcoin pumpers like the ethereum supporters.

There are factors that my kill bitcoin like if many user will sell all their bitcoin and dont use it anymore and n o user for bitcoin i think thay is the worst scenario for bitcoin and it will be dead but for now its impossible price keeps rising everyday and many people buy more bitcoins now because they speculating the price increase when halving is come the price of bitcoin will be more high.

jjacob
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April 14, 2016, 11:16:41 AM
 #87

i don't think anything is killing bitcoin, because it looks strong to me and growing each day.

but i think there are a lot of things that are keeping bitcoin back from its real potential and becomming huge. things like the FUD that is being spread by the media, and a lot of stupid traders who are looking for a temporary dip or the altcoin pumpers like the ethereum supporters.

Traders are like that - looking to make money of temporary movements. It is good if they can profit while bitcoin's price is moving up as well as down. You need different kinds of people to make up the bitcoin ecosystem.


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acroman08
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April 14, 2016, 11:21:35 AM
 #88


I think bitcoin is fine as it is, as long as we find a solution to this blocksize cap soon. Because something needs do be done about it.

It's also the arrogance and stubbornness of bitcoin miners, thinking only of themselves (although that is what you would expect from a decentralised system)

We need to find the perfect balance of democracy and decentralization.


the thing that is killing bitcoin is the users itself. we are the one who do most damage on bitcoins image. i dont know who its is
but im sure we are the ones who is killing bitcoin.

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Boosterious
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April 14, 2016, 04:51:44 PM
 #89

What is killing bitcoin?
That is internet extinction.

If internet can't be used anymore, then bitcoin would become history.
someone already said that blockchain have private connection,its allow you make bitcoin transaction without internet,and if everyone already now nad start use it,i think internet extinction not problem anymore for bitcoin.

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