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Author Topic: In what situation would Bitcoin die?  (Read 94970 times)
agentx44
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June 01, 2017, 02:05:17 PM
 #1041

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
There are many ways that bitcoin would die, for example : what if nobody uses bitcoin anymore because it is becoming worthless, what if because of world war 3 there are no more internet connections because of the war and what if the government wants to ban bitcoin and wants to shutdown it.

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June 01, 2017, 02:07:15 PM
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In case of a major security failure, vetting prohibited in all major countries and if someone gets somehow more than 51% hash power and can controll the chain.
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June 01, 2017, 02:15:39 PM
 #1043

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
There are many ways that bitcoin would die, for example : what if nobody uses bitcoin anymore because it is becoming worthless, what if because of world war 3 there are no more internet connections because of the war and what if the government wants to ban bitcoin and wants to shutdown it.
I don't think that your statement is right on the part of "what if nobody uses bitcoin anymore because it is becoming worthless" because to tell you the obvious we are the basis of Bitcoin's price. And what I mean about that we are the ones who are creating Bitcoin's demand as we are the ones who dictate the price of it. Also your other scenarios are too much farfetch as I can't imagine it happening as of the moment, world war 3 is something serious that no country could even think about starting it yet.

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June 01, 2017, 05:52:15 PM
 #1044

Maybe i have so many debts that i ca'nt points for then. Pero sa tingin ko hind p naman mag colcose ang bitcoin pro wala p rin akotut. Masganda ung btc cahil cash in and cash out lang ung nannamn.

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June 02, 2017, 06:43:11 AM
 #1045

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
There are many ways that bitcoin would die, for example : what if nobody uses bitcoin anymore because it is becoming worthless, what if because of world war 3 there are no more internet connections because of the war and what if the government wants to ban bitcoin and wants to shutdown it.
yes chances are always there but i think we do not think that it will ever happen, because bitcoin is becoming more and more popular from  day to day, the users of bitcoin are also increaing from time to time therefore i do not think that there are any possibility that bitcon will ever die, hope it will become more and more stronger from day to day.
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June 02, 2017, 08:19:49 AM
 #1046

In what situation would bitcoin die ? Its million dollar question. When globally all government band bitcoin then bitcoin will die. When all people don't use it then bitcoin will die.when another popular cryptocurrency coming.

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June 02, 2017, 09:31:29 AM
 #1047

In what situation would bitcoin die ? Its million dollar question. When globally all government band bitcoin then bitcoin will die. When all people don't use it then bitcoin will die.when another popular cryptocurrency coming.
because the big user bitcoin is from China and Russia, I don't think it needs to be globally, but large countries such as the USA, Russia and China if banned then bitcoin immediately die.

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June 02, 2017, 12:50:23 PM
 #1048

In what situation would bitcoin die ? Its million dollar question. When globally all government band bitcoin then bitcoin will die. When all people don't use it then bitcoin will die.when another popular cryptocurrency coming.
because the big user bitcoin is from China and Russia, I don't think it needs to be globally, but large countries such as the USA, Russia and China if banned then bitcoin immediately die.
I don't think if that happen then bitcoin will stay alive and it will not die because there is still a lot of supporters from any part of the world and even though they will ban bitcoin then the price will just go down and a few decrease in the number of user but in the end of the day bitcoin will stay fight and live longer than you thought.

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June 02, 2017, 01:12:27 PM
 #1049

I think when bitcoin use in some illegal activities like buying drugs, illegal guns and some ban items that can't use in the a country. So there is a factor that bitcoin is force to ban permanently by the government.
but you should never buy drugs and or guns with bitcoin because bitcoin is digital currency and you can use your bitcoin for online transaction and there is no one selling drugs or guns with bitcoin and we know that we can buy drugs and guns with dollars but dollars is still do not ban by any country.

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June 02, 2017, 01:14:18 PM
 #1050

In what situation would bitcoin die ? Its million dollar question. When globally all government band bitcoin then bitcoin will die. When all people don't use it then bitcoin will die.when another popular cryptocurrency coming.

Bitcoin won't die if it will be banned by all governments, that's the idea. And there are many popular cryptos around already, yet BTC is alive.  And I can't imagine a situation when all the people in the world would stop using bitcoin unless the Internet dies of course. I think we have all the reasons to suppose that bitcoin will never die.

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June 02, 2017, 03:04:47 PM
 #1051

In what situation would bitcoin die ? Its million dollar question. When globally all government band bitcoin then bitcoin will die. When all people don't use it then bitcoin will die.when another popular cryptocurrency coming.
because the big user bitcoin is from China and Russia, I don't think it needs to be globally, but large countries such as the USA, Russia and China if banned then bitcoin immediately die.
I don't think if that happen then bitcoin will stay alive and it will not die because there is still a lot of supporters from any part of the world and even though they will ban bitcoin then the price will just go down and a few decrease in the number of user but in the end of the day bitcoin will stay fight and live longer than you thought.

agree with you , only china and Russia cant alone control bitcoin future. Already a lot of country starting bitcoin use. I think bitcoin will never die, it will stay for long time and the price will raised more.

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June 02, 2017, 03:25:16 PM
 #1052

The only thing that could kill bitcoin is probably a major crash like 95%+ of its value that makes everyone even the most adament hodlers lose all belief in its future. I think this is such an unlikely scenario though as too many people have too much invested in its success.
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June 02, 2017, 04:18:32 PM
 #1053

In what situation would bitcoin die ? Its million dollar question. When globally all government band bitcoin then bitcoin will die. When all people don't use it then bitcoin will die.when another popular cryptocurrency coming.
because the big user bitcoin is from China and Russia, I don't think it needs to be globally, but large countries such as the USA, Russia and China if banned then bitcoin immediately die.

China has already tried something to that tune

The Chinese central bank tried that even twice. The first time it had some impact on Bitcoin price (Bitcoin flash crashed to around 750 dollars per coin), the second time no one was giving a fuck any more about China (that's likely why we didn't see the next installment), and Bitcoin after that grew only stronger. Russian ban will be utterly inconsequential, that's why the Russian government had been only pouring threats and curses but didn't do anything toward actually banning Bitcoin. Regarding the US, come and take it, as some dude said here

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June 02, 2017, 05:35:47 PM
 #1054

The only thing that could kill bitcoin is probably a major crash like 95%+ of its value that makes everyone even the most adament hodlers lose all belief in its future. I think this is such an unlikely scenario though as too many people have too much invested in its success.

I agree with you buddy, bitcoin would disappear if there is a major crash. We all have witnessed that sort of crash when one of the major exchanges in Japan collapsed and it affected the bitcoin price very badly but it regained the situation. I think only thing that can kill bitcoin is another cryptocurrency which has more features than bitcoin.

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June 02, 2017, 06:01:05 PM
 #1055

The only thing that could kill bitcoin is probably a major crash like 95%+ of its value that makes everyone even the most adament hodlers lose all belief in its future. I think this is such an unlikely scenario though as too many people have too much invested in its success.

I agree with you buddy, bitcoin would disappear if there is a major crash. We all have witnessed that sort of crash when one of the major exchanges in Japan collapsed and it affected the bitcoin price very badly but it regained the situation. I think only thing that can kill bitcoin is another cryptocurrency which has more features than bitcoin.

Now I do not believe that there will be a cryptocurrency, which will become more popular than bitcoin. Bitcoin has already taken a leading position. And the only thing that kills him is the hostile attitude of the governments of different countries to the cryptocurrency.

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June 02, 2017, 06:37:03 PM
 #1056

The only thing that could kill bitcoin is probably a major crash like 95%+ of its value that makes everyone even the most adament hodlers lose all belief in its future. I think this is such an unlikely scenario though as too many people have too much invested in its success.

I agree with you buddy, bitcoin would disappear if there is a major crash. We all have witnessed that sort of crash when one of the major exchanges in Japan collapsed and it affected the bitcoin price very badly but it regained the situation. I think only thing that can kill bitcoin is another cryptocurrency which has more features than bitcoin.

Now I do not believe that there will be a cryptocurrency, which will become more popular than bitcoin. Bitcoin has already taken a leading position. And the only thing that kills him is the hostile attitude of the governments of different countries to the cryptocurrency.
In today's situation, I think it's very stupid to think that Bitcoin will fall or die, and if something else seems to someone, then let's see the latest reports from the stock exchange.

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June 02, 2017, 06:47:07 PM
 #1057

In what situation would bitcoin die ? Its million dollar question. When globally all government band bitcoin then bitcoin will die. When all people don't use it then bitcoin will die.when another popular cryptocurrency coming.
because the big user bitcoin is from China and Russia, I don't think it needs to be globally, but large countries such as the USA, Russia and China if banned then bitcoin immediately die.

China has already tried something to that tune

The Chinese central bank tried that even twice. The first time it had some impact on Bitcoin price (Bitcoin flash crashed to around 750 dollars per coin), the second time no one was giving a fuck any more about China (that's likely why we didn't see the next installment), and Bitcoin after that grew only stronger. Russian ban will be utterly inconsequential, that's why the Russian government had been only pouring threats and curses but didn't do anything toward actually banning Bitcoin. Regarding the US, come and take it, as some dude said here
I don't think so even if Bitcoin is banned in those countries it won't stop Bitcoin users from that country to use Bitcoin. Want proof? Look at the alexa ranking of top faucet sites and you will see those countries are on the list of the most users in that faucet site. Banning without any other ways of implementing the law is a useless way because people still finds a way to do what they want. Even if it is, the effect on the market will just have a correction and new players might enter from a different country.

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Ucy
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June 02, 2017, 07:09:57 PM
 #1058

Internet and computer are why Bitcoin/Cryptocurrency exist today. If there is a mass failure of internet or computer, Bitcoin would be affected as well. The only thing I know that's capable of causing major damage to both is Powerful Solar flare hitting our Planet.
lady Royal
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June 02, 2017, 07:14:19 PM
 #1059

Bitcoin or other crypto-currency could die if no one is interested in using bitcoin, When the demand of bitcoin is decreased, When the government starts taking place in bitcoins.
I think bitcoin will not die, It's demand is increasing very quickly on a daily basis, you can see the number of transaction increasing daily which exactly means people are getting interested in using bitcoins.

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June 02, 2017, 07:19:49 PM
 #1060

The only thing that could kill bitcoin is probably a major crash like 95%+ of its value that makes everyone even the most adament hodlers lose all belief in its future. I think this is such an unlikely scenario though as too many people have too much invested in its success.

I agree with you buddy, bitcoin would disappear if there is a major crash. We all have witnessed that sort of crash when one of the major exchanges in Japan collapsed and it affected the bitcoin price very badly but it regained the situation. I think only thing that can kill bitcoin is another cryptocurrency which has more features than bitcoin.
only in case of a HUGE crash caused because of a major hacking or maybe the usa, europe and russia making the usage of bitcoin a crime.
no cryptocurrency will kill bitcoin, because btc is the mother of all coins. it will always be like this
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