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Author Topic: If bitcoin died tomorrow  (Read 30487 times)
Victorycoin
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December 04, 2016, 03:51:33 PM
 #441

It's pretty much like a domino game. If it died tomorrow, would you trust any altcoin? You wouldn't, many people would not do that either.  Bitcoin's fall = cryptocurrencies' fall because Bitcoin's like their mother. If US would fail, wouldn't pretty much the whole world fail too? If Euro/USD would fail, wouldn't all the others fail too? Same goes with Bitcoin too.
You have a point and you are correct it will really affect all altcoin if bitcoin will die tomorrow and people will surely lost its trust on all cryptocurrencies because on what happen to bitcoin but for now i dont think so that it will die easily as long people will use it then it will become stronger day by day and adoption cant be stopped .
I also agree there a point in saying Bitcoin represents all cryptocurrencies and so whatsoever especially odd that happens to it would definitely water down to all other coins. In the case of Bitcoin dying tomorrow, it would take almost everything to be able to bring that to pass and if ever, an offspring of Bitcoin, more sophisticated is sure to arise to occupy that position.

One question that must be asked though is, what is going to kill Bitcoin, many governments have tried futile and now looking for ways to bend blockchain technology, which is the strength of Bitcoin, to see things their crooked ways.

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December 04, 2016, 05:14:51 PM
 #442

What would you do?
Move onto another coin?
Cry all day long?
Throw your computer in the pool?
Eat 100 bananas?

I don't wanna think about it.Because bitcoin is my one of the most important daily activities and my part time job also.So,it's will be a very disappoint for me.I think if bitcoin die then it will replace by other coin and I will moved to another coin.
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December 04, 2016, 05:33:08 PM
 #443

It is not sensible to say that bitcoin will die in a day not even in the future because bitcoin is a very stronger currency supported by a large group of people and if something bad has occurred then no one will then trust and rely on any other coin because if such a stronger coin is damaged then no one can give guarantee to any other coin.
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December 04, 2016, 05:35:22 PM
 #444

redevelop a bitcoin-like currency to heir what bitcoin had ever made for good, so the new currency would setup a meseum about early days of bitcoins. Tongue

That will be a nice idea, to recreate a new coin very similar or a new version of bitcoin of ever bitcoin has gone and I think it will not be so hard for that new coin to be the same as bitcoin because i think many people will also start to use it but it may start to the lower price again .
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December 04, 2016, 06:00:48 PM
 #445

What would you do?
Move onto another coin?
Cry all day long?
Throw your computer in the pool?
Eat 100 bananas?


we have to eat 2000 banans Smiley

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fiscorcle
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December 04, 2016, 06:26:40 PM
 #446

Well if bitcoin died tomorrow I think just the whales or the holders of of alot of bitcoins (5btc or more) will be affected.
The ones who trade and just earn alittle from it won't be so torn up.
There will be something else on the horizon to replace it anyways. Grin
Omega Weapon
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December 04, 2016, 06:46:08 PM
 #447

It's pretty much like a domino game. If it died tomorrow, would you trust any altcoin? You wouldn't, many people would not do that either.  Bitcoin's fall = cryptocurrencies' fall because Bitcoin's like their mother. If US would fail, wouldn't pretty much the whole world fail too? If Euro/USD would fail, wouldn't all the others fail too? Same goes with Bitcoin too.
You have a point and you are correct it will really affect all altcoin if bitcoin will die tomorrow and people will surely lost its trust on all cryptocurrencies because on what happen to bitcoin but for now i dont think so that it will die easily as long people will use it then it will become stronger day by day and adoption cant be stopped .
It depends on why bitcoin dies in this scenario and the speed of the death if it was a knock out blow that destroyed bitcoin then we can be sure most other altcoins will probably dies as well, but if it was that easy to do then bitcoin will not be here like many other payment systems on the Internet, like liberty reserve or egold.
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December 04, 2016, 07:11:22 PM
 #448

It is impossible for it to reach 0$ so fast , getting rid of bitcoin is not gona be that easy , even if every country in the world banned bitcoin it is still gona be there sure the price will go down which in that case people will panic and start selling it , but it will never go between a day and night it is not that simple
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December 04, 2016, 08:56:11 PM
 #449

Well if bitcoin died tomorrow I think just the whales or the holders of of alot of bitcoins (5btc or more) will be affected.
The ones who trade and just earn alittle from it won't be so torn up.
There will be something else on the horizon to replace it anyways. Grin

That's the thing many folks fail to understand

If there is something else on the horizon to replace Bitcoin (and there is always something on the horizon), you should already be using it, along with Bitcoin. And not for the notorious diversification ("never put all your eggs in one basket" or similar crap) with the purpose of minimizing your risks (I'm with Warren Buffett on this who basically says that diversification is for losers), but for the purpose of maximizing your trading opportunities and profit potential

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December 04, 2016, 09:17:41 PM
 #450

It is impossible for it to reach 0$ so fast , getting rid of bitcoin is not gona be that easy , even if every country in the world banned bitcoin it is still gona be there sure the price will go down which in that case people will panic and start selling it , but it will never go between a day and night it is not that simple
there is no guarantee that bitcoin will always have high prices, even the high price does not guarantee the survival of a coin, because bitcoin could die anytime. but, I also believe that the price of bitcoin will not be $ 0 or disappear quickly or suddenly, there must be a process, and the cause of it. I can not imagine if bitcoin die, because today has a lot of people whose lives depend on the bitcoin
Ewinsane
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December 04, 2016, 09:29:57 PM
 #451

if bitcoin died i will start trade with other coin but sometime i do not think that bitcoin will be died because bitcoin is too much stronger currency and get more power and more popularity and adoption of bitcoin is increasing too much faster day by day so bitcoin will be never died.
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December 04, 2016, 09:37:39 PM
 #452

If bitcoin died tomorrow then it is time for me to focus on my work now.Bitcoins help me to get extra income.If bitcoins die then ill dont get extra income and itis not a big lost to me.I would probably mpve to another potential altcoin if that would happen
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December 04, 2016, 09:45:32 PM
 #453

Are you killing us, bitcoiners in one day with bitcoin? If that happens, than there isn't only question what we'll do, it will be a terrible day for btc exchange and mining companies. It will cause panic in people and on this forum, full financial lost for many companies and also altcoins will dead with bitcoin and it's reason will be that people won't trust in cryptocurrency anymore.

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dhampir-D
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December 04, 2016, 09:47:05 PM
 #454

If bitcoin died tomorrow then it is time for me to focus on my work now.Bitcoins help me to get extra income.If bitcoins die then ill dont get extra income and itis not a big lost to me.I would probably mpve to another potential altcoin if that would happen
This is probably the way to go if that happen. Move to other activities. It would be a great tragedy, but it would not be the end of the world. With regard to altcoins, I think they would also be affected negatively, but it is possible that some of them would survive in the market.
vodaljepa (OP)
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December 04, 2016, 10:12:46 PM
 #455

Long live bitcoin!

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December 04, 2016, 11:09:42 PM
 #456

If bitcoin died tomorrow then it is time for me to focus on my work now.Bitcoins help me to get extra income.If bitcoins die then ill dont get extra income and itis not a big lost to me.I would probably mpve to another potential altcoin if that would happen
This is probably the way to go if that happen. Move to other activities. It would be a great tragedy, but it would not be the end of the world. With regard to altcoins, I think they would also be affected negatively, but it is possible that some of them would survive in the market.

Yeah . Real life job is the best source of income besides btc. But i think bitcoin will not gonna die in a glimpse of eye because it's price is very high and far from 1 satoshi. I think it will took a year of dumping for bitcoin to die. But for real talk, bitcoin will not gonna die tomorrow and for the next year
vasrasus
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December 04, 2016, 11:18:33 PM
 #457

If bitcoin died tomorrow then it is time for me to focus on my work now.Bitcoins help me to get extra income.If bitcoins die then ill dont get extra income and itis not a big lost to me.I would probably mpve to another potential altcoin if that would happen
This is probably the way to go if that happen. Move to other activities. It would be a great tragedy, but it would not be the end of the world. With regard to altcoins, I think they would also be affected negatively, but it is possible that some of them would survive in the market.

Yeah . Real life job is the best source of income besides btc. But i think bitcoin will not gonna die in a glimpse of eye because it's price is very high and far from 1 satoshi. I think it will took a year of dumping for bitcoin to die. But for real talk, bitcoin will not gonna die tomorrow and for the next year

Exactly, bitcoin is being developed more now, users become more in numbers and btc is much more appreciated now by many. New improvements, apps and sites are made to develop for bitcoin and soon there will be lot more like structures made for it. And besides im only enjoying btc for this year so just please dont let it gone theres lot of future in btc.

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Capradina
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December 04, 2016, 11:21:19 PM
 #458

If bitcoin died tomorrow then it is time for me to focus on my work now.Bitcoins help me to get extra income.If bitcoins die then ill dont get extra income and itis not a big lost to me.I would probably mpve to another potential altcoin if that would happen
This is probably the way to go if that happen. Move to other activities. It would be a great tragedy, but it would not be the end of the world. With regard to altcoins, I think they would also be affected negatively, but it is possible that some of them would survive in the market.

Yeah . Real life job is the best source of income besides btc. But i think bitcoin will not gonna die in a glimpse of eye because it's price is very high and far from 1 satoshi. I think it will took a year of dumping for bitcoin to die. But for real talk, bitcoin will not gonna die tomorrow and for the next year

Exactly, bitcoin is being developed more now, users become more in numbers and btc is much more appreciated now by many. New improvements, apps and sites are made to develop for bitcoin and soon there will be lot more like structures made for it. And besides im only enjoying btc for this year so just please dont let it gone theres lot of future in btc.

That is certainly true. But the development of the bitcoin now is bad enough. because the growing number of growth now make all of the bitcoin transactions are getting worse, I never felt that my transaction was confirmed yesterday after doing so. It is bad enough for all the things that should be done, hopefully in the future growth of the bitcoin's getting better and everyone could more benefit as the years have passed. Bitcoin is the best currency
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December 05, 2016, 12:26:02 AM
 #459

Give up on life and throw my PC away ^^ Well we would go back to boring prebitcoin times. We will all be poor and homeless.
No bitcoin no life. But this will not happen.

grim007
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December 05, 2016, 12:32:38 AM
 #460

If bitcoin died tomorrow then it is time for me to focus on my work now.Bitcoins help me to get extra income.If bitcoins die then ill dont get extra income and itis not a big lost to me.I would probably mpve to another potential altcoin if that would happen
This is probably the way to go if that happen. Move to other activities. It would be a great tragedy, but it would not be the end of the world. With regard to altcoins, I think they would also be affected negatively, but it is possible that some of them would survive in the market.

Yeah . Real life job is the best source of income besides btc. But i think bitcoin will not gonna die in a glimpse of eye because it's price is very high and far from 1 satoshi. I think it will took a year of dumping for bitcoin to die. But for real talk, bitcoin will not gonna die tomorrow and for the next year

Exactly, bitcoin is being developed more now, users become more in numbers and btc is much more appreciated now by many. New improvements, apps and sites are made to develop for bitcoin and soon there will be lot more like structures made for it. And besides im only enjoying btc for this year so just please dont let it gone theres lot of future in btc.

That is certainly true. But the development of the bitcoin now is bad enough. because the growing number of growth now make all of the bitcoin transactions are getting worse, I never felt that my transaction was confirmed yesterday after doing so. It is bad enough for all the things that should be done, hopefully in the future growth of the bitcoin's getting better and everyone could more benefit as the years have passed. Bitcoin is the best currency

Right this is the bad effect of being known of btc now and being used of by many. Their poor transactions or getting slow. We just need to hope that when its more develop there must be a way to develop also the services. We just need to find more trusted investment or payment sites so no matter how slow the transaction is were not be worried.
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