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zodin
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August 16, 2016, 07:46:01 PM |
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Bitcoin can disappear but like most of us I am not counting on it. Remember that bitcoin has a billion dollar market cup. Such a large market is not going to disappear just like that.
Market cap doesn't matter in this case. Even when Bitcoin by far isn't as popular as it is right now, Bitcoin will stay operating. If you want to stop Bitcoin entirely, then shut down the world power and all the internet. Or all the miners will need to put their machines off. Only then you can make Bitcoin vanish. Doesnt rely on market cap only, I agree that bitcoin would vanish if there a global power interuption for that theres no internet because theres no electricity which is the main source of everything that run by electricity but as we all know that wont happen in the future, bitcoin would last long as we can see its development in previous years until now. Looking at this grammatically, it is only asking if it can disappear, which we all know the answer would obviously be yes. However looking at the stats, bitcoin would only start to devalue by the chance when the market is now distracted by a different, better, more stable crypto. Bitcoin to disappear? No. It's already marked in the history as the first successful crypto so there's no chance of it disappearing as long as the internet lives and the historians keep a copy of it. yes that is a fact there is no doubt about this, bitcoin cannot disappear, it will remain for ever, we can see that people are taking interest in bitcoin and hope that a time will come when all the people will use bitcoin in their daily life just like fiat currency. |
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BitcoinPC
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August 18, 2016, 06:12:12 AM |
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Bitcoin can disappear?
And if bitcoin is a scam, what will happen in world?
People will panic?
In this time, i don't think that it will be happened, because recently Bitfinex has been hacked, and it disappear a huge number of the people, but still people are using it, and also doing trading. Secondly, if bitcoin scam, so nothing bad thing happen in the world, because when bitcoin was not introduce in this world, but world still remain it. And third, people will be panic, but not for bitcoin, only for their losses, and after time passing, they forget it. And i think so bitcoin will be come on an other Crypto currency. |
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michelle1845
Member
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Activity: 70
Merit: 10
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August 18, 2016, 06:34:39 AM |
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Only if the internet to stop working, which is something unlikely to happen.
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redsun114
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August 18, 2016, 06:47:54 AM |
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Bitcoin won't disappear as more and more adoptions were taking place regularly. Might experience great fluctuations when unwanted statements get revealed from the top authorities.
Well, For me, bitcoin will disappear. Not now but soon I think. If all the bitcoin blocks has been mined, there is a possibility that bitcoin will disappear from the cryptocurrency list. Not the bitcoin itself, but on the list of the top cryptocurrency. You got any backing points for your statement ? It is highly insane if you are still believing the bitcoin blocks are having some connection for the survival of bitcoin system. Moreover blocks will be mined unlimitedly regardless of total number of bitcoins. |
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lavapits
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August 18, 2016, 06:51:12 AM |
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Bitcoin can disappear?
And if bitcoin is a scam, what will happen in world?
People will panic?
maybe it could, but chances are very, very low, and no bitcoin is not a scam at all, but if it would happen, i think people would be sad and they would start to use litecoin or so instead of bitcoin |
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coinplus
Legendary
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Activity: 1386
Merit: 1058
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August 18, 2016, 01:47:52 PM |
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in case we lost internet connection all over the world then i would say yes bitcoin and all other online payment will disappear .
The total Internet connection in this world will be down on the event of any atomic radiations. If atom bombs will be used that must be the end of world. When no human will be surviving how we can expect Internet to keep up to give bitocin a life. |
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danherbias07
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Activity: 3122
Merit: 1119
Leading Crypto Sports Betting & Casino Platform
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August 18, 2016, 02:07:45 PM |
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Bitcoin can disappear?
And if bitcoin is a scam, what will happen in world?
People will panic?
maybe it could, but chances are very, very low, and no bitcoin is not a scam at all, but if it would happen, i think people would be sad and they would start to use litecoin or so instead of bitcoin There will be a chance that litecoin will also fall when their mother bitcoin fall. I am not saying it will be what will happen but there are chances. Who would trust other crypto if the one with the high value drop. |
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Noctis Connor
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August 18, 2016, 02:15:40 PM |
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For me bitcoin wont disappear why because many investors are using it and bitcoin now is becoming famous , and we know or for those who don't know yet some country are banning bitcoin currency because their goverment want that currency some investors are using bitcoin currency to trade or investing their money or risking their money on bitcoin and how could be bitcoin can disappear . bitcoin now is famous and it will grow more so soon as the year past.
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Imoote
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August 18, 2016, 04:11:15 PM |
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For me bitcoin wont disappear why because many investors are using it and bitcoin now is becoming famous , and we know or for those who don't know yet some country are banning bitcoin currency because their goverment want that currency some investors are using bitcoin currency to trade or investing their money or risking their money on bitcoin and how could be bitcoin can disappear . bitcoin now is famous and it will grow more so soon as the year past.
Absolutely bitcoin in my opinion is not going to disappear because now many people using bitcoin, and bitcoin adopt. That would make bitcoin be developed that will not disappear. I believe bitcoin will continue to grow and have prices that continue to rise. |
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buyinbtc
Legendary
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Activity: 1008
Merit: 1010
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August 18, 2016, 06:37:58 PM |
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Only if the internet to stop working, which is something unlikely to happen.
you are right, basically right now it is pretty impossible for bitcoin to disappear because it is use by a lot of people all around the world |
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socks435
Legendary
Offline
Activity: 2016
Merit: 1030
Privacy is always important
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August 18, 2016, 06:42:45 PM |
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Only if the internet to stop working, which is something unlikely to happen.
you are right, basically right now it is pretty impossible for bitcoin to disappear because it is use by a lot of people all around the world Yeah bitcoin is leaving in internet and if the internet will gone in the future. it can be affect the price of bitcoin or disappear bitcoin in whole over the world.. but its impossible to happen because internet too is growing day by day.. |
Solving blocks can't be solved without my rigs.
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Crazygreek
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August 18, 2016, 06:53:50 PM |
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In theory, yes, but on practice we can see that bitcoin just growing everytime and community is increasing, till people using it, bitcoin will not die.
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SirLancelot
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August 19, 2016, 12:48:12 PM |
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Bitcoin won't disappear as more and more adoptions were taking place regularly. Might experience great fluctuations when unwanted statements get revealed from the top authorities.
Well, For me, bitcoin will disappear. Not now but soon I think. If all the bitcoin blocks has been mined, there is a possibility that bitcoin will disappear from the cryptocurrency list. Not the bitcoin itself, but on the list of the top cryptocurrency. Do you believe, if all the blocks (I believe you mean by this all the total number of bitcoins) are generated, bitcoin will go down in top crypto-currency list. If all the bitcoins will be mined out, bitcoin will go very rare similar to diamonds/ platinum. So, it will keep up it's position in top crypto currency list. |
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umaOuma
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August 19, 2016, 12:58:19 PM |
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In theory, yes, but on practice we can see that bitcoin just growing everytime and community is increasing, till people using it, bitcoin will not die.
Yes till bitcoin holds good value and people continues to use it, it will never die but if price goes very low in future then there is a possibility that people will stop using it. |
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Fatanut
Legendary
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Activity: 1008
Merit: 1059
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August 19, 2016, 01:09:31 PM |
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I think so, but it's highly unlikely that it's almost as if it's impossible. It can happen only if all the data in the Internet gets deleted (at least everything that is related to crypto-currencies). After all, bitcoin is just a digital data that exists solely in the Internet. Even if there are physical bitcoins, those coins would have no value at all if the addresses attached to it gets deleted.
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universe_
Sr. Member
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Activity: 448
Merit: 250
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August 19, 2016, 10:47:21 PM |
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Only if the internet to stop working, which is something unlikely to happen.
well basically yeah, it is just impossible for bitcoin to disappear if internet is stable and it does not disappear, thats why bitcoin is so good |
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Vhern
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August 19, 2016, 10:52:50 PM |
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It can dissapeared if the vast users of bitcoin stop using it and convert their money with the fiat currency yet that is unlikely to happen, cause BTC is an online currency now, it is easily accessible by a person need it and convenient for the most part.
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Zadicar
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Merit: 1020
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August 19, 2016, 11:15:41 PM |
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Only if the internet to stop working, which is something unlikely to happen.
you are right, basically right now it is pretty impossible for bitcoin to disappear because it is use by a lot of people all around the world Yeah bitcoin is leaving in internet and if the internet will gone in the future. it can be affect the price of bitcoin or disappear bitcoin in whole over the world.. but its impossible to happen because internet too is growing day by day.. You are right, bitcoin would possibly disappear if theres an internet interuption in whole world for sure it would stop the bitcoin blockchain, those bitcoin holding would be stored in users wallets but its still useless because you cant transact because internet is down and thats important in every digital things in the world. |
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machinek20
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August 20, 2016, 01:44:13 AM |
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Bitcoin cant suddenly disappear, but bitcoin can be no longer available and the being dumped by the user, this is all depend on the user, how the user going to use bitcoin and how often the user spend the coin
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OROBTC
Legendary
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Activity: 2912
Merit: 1852
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August 20, 2016, 02:14:45 AM |
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...
NO ONE knows the future of Bitcoin.
We can make informed speculation about probabilities however. IMO Bitcoin will likely not disappear; I think it is unlikely the Internet will "go down" either, but both of those statements are probability based...
Further into the future, no one knows if there might be some kind of breakthrough in cracking BTC's encryption technologies, or that a superior cryptocurrency might come along.
Also, the "Big Rhino" (.gov) could come along and prohibit BTC from being exchanged a risk that seems to be overlooked by many...
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