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Author Topic: In what situation would Bitcoin die?  (Read 101276 times)
Senja Kemuning
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June 03, 2017, 06:31:46 AM
 #1061

I think a lot of things that can make a bitcoin will die, and the main factor is bitcoin users, when they leave the bitcoin then bitcoin soon die, otherwise it is altcoin that is increasingly making popular bitcoin, in nothing altcoin bitcoin will die faster.

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June 03, 2017, 09:31:12 AM
 #1062

If there is no electricity in our world. For sure bitcoin will die and also us humans will die if there are no electricity in near future. We need to use renewable energy for us to have a long lasting electricity.
Electricity is only applicable to bitcoin because without that then bitcoin cannot reach humans to use it and buy it so it will eventually die but in terms of humans they can still survive if there is no electricity because if not then how the humans back in the old days survive without electricity?

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June 03, 2017, 09:33:34 AM
 #1063

If there is no electricity in our world. For sure bitcoin will die and also us humans will die if there are no electricity in near future. We need to use renewable energy for us to have a long lasting electricity.
Electricity is only applicable to bitcoin because without that then bitcoin cannot reach humans to use it and buy it so it will eventually die but in terms of humans they can still survive if there is no electricity because if not then how the humans back in the old days survive without electricity?

Doesn't have to be just electricity they can kill the internet or just restrict http: protocol to "approved" websites. How is your BTC client going to transmit then?

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June 03, 2017, 11:18:31 AM
 #1064

Bitcoin will never die because is permanently in the history books but Bitcoin will get a decrease and increase in price.  Wink
Nope, of course bitcoin can die, many possibilities and reasons that might make the bitcoin die. Such as competitors who take over and so forth. Will likely continue to exist.

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June 03, 2017, 03:30:02 PM
 #1065

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.

The death of these faucet sites will be very irrelevant now. Who is using faucets nowadays? Since the majority of faucet users are from these countries according to you, then if they ban bitcoins, we will just lose newbies that don't even know better ways to earn bitcoins. And I think if that's the case then we're not losing much casualties. The price of bitcoin might not even be moved since the earning of a faucet site user might not even be $1 per day.

As to what deisik replied to you, you can refer to Streisand effect. It's attempting to hide the idea (in this case, of bitcoins by banning it) but end up spreading the idea widely.

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June 03, 2017, 03:39:54 PM
 #1066

one thing's for sure, no demand to use cryptocurrency which is not possible

Just tell the OP one thing may kill bitcoin which is the end of the world Cheesy Cheesy Cheesy


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June 03, 2017, 03:55:44 PM
 #1067

Just one thing that makes bitcoin die, when it's time doom then bitcoin will die with us all

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June 03, 2017, 04:04:06 PM
 #1068

Maybe bitcoin's dead when it's no longer mining and by posting forums that announce that it's dead.
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June 03, 2017, 04:11:47 PM
 #1069

I think Bitcoin will dead if every country decides to ban Bitcoin permanently. Then, there will be no more people using Bitcoin because they might be arrested in this condition. And bitcoin can also be dead if there are a new cryptocurrency which is more profitable, more advance and can fix most of the bug of bitcoin. In the future, there will be more cryptos qualifying these facors.
I agree Bitcoin needs support by its community in order to develop. So if each country will choose to closed permanently the idea of accepting bitcoin it may lead to stock and exchange problem to bitcoin ishort bitcoin will die. It also need technology to grow and to achieve its full potential and we all know that technology is part of a country and if there is no support there is no development. But I don't think that it will happen because if we will look now bitcoin has more future ahead. So I think it may continue its development rather than to die.

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June 04, 2017, 08:03:49 AM
 #1070

one thing's for sure, no demand to use cryptocurrency which is not possible
Yes, because the one who gives the high demand of bitcoin is the investor around the world. We will say that, if the investor did not want to use/invest this in their business or they turn into bankrupt due to forex system I think the ecomony of bitcoin will slow down.

The dollar is one of the main opponents of bitcoin in this world, and most of them used the dollar in our society, and because of small user if bitcoin at this time they will make a steps to steady at the top as number one currency in our economics.

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June 04, 2017, 08:15:13 AM
 #1071

The possibility to die so far in my opinion is not, the more advanced and widely used everyone is sure, with technological advancements the sooner we need a digital currency that can support transactions in the world. Roll Eyes
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June 04, 2017, 01:43:39 PM
 #1072

Bitcoin will never die because is permanently in the history books but Bitcoin will get a decrease and increase in price.  Wink
I think it is very possible bitcoin can die, because bitcoin is not the main currency that must be used, there is no necessity to use bitcoin. So someday definitely bitcoin may die

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June 04, 2017, 04:38:48 PM
 #1073

I think Bitcoin will dead if no more selling bitcoin and Prices are increasingly declining day


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June 04, 2017, 04:49:54 PM
 #1074

Bitcoin will never die because is permanently in the history books but Bitcoin will get a decrease and increase in price.  Wink
I think it is very possible bitcoin can die, because bitcoin is not the main currency that must be used, there is no necessity to use bitcoin. So someday definitely bitcoin may die

No it is not possible that bitcoin can die because the users of bitcoin is increased day by day and many people know about the benefits of bitcoin and the investors and traders of bitcoin also increased . For me bitcoin is very soon the powerful currency of the world because Japan government can accept bitcoin and very soon Australia will be accept and the day is not far that all countries can accept bitcoin and bitcoin is the future of world wide currency.

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June 04, 2017, 09:18:19 PM
 #1075

Bitcoin will never die because is permanently in the history books but Bitcoin will get a decrease and increase in price.  Wink
If bitcoin will not die. Users will never panic when the price drops very sharply, because they fear the bitcoin price drops to $ 1 or $ 0 because of the possibility always exist

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crazycatwoman03
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June 05, 2017, 08:03:07 PM
 #1076

I think Bitcoin will dead if every country decides to ban Bitcoin permanently. Then, there will be no more people using Bitcoin because they might be arrested in this condition. And bitcoin can also be dead if there are a new cryptocurrency which is more profitable, more advance and can fix most of the bug of bitcoin. In the future, there will be more cryptos qualifying these facors.
I’m not agreeing with you. There’s a question in my mind how they will banned in our market and arresting the user of bitcoin while this is a digital currency? I think the bitcoin will die if they banned in the internet. Addditionally, since the investor is the main supplier of the bitcoin, it is possible to die if their business will turn into bankrupt. If this will happen, user and bitcointalk forum also affected because others used this to get an income and as job.

For now on, there’s no reason to happen in the future this situation because of the good services and the benefit gives by bitcoin.

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stompix
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June 05, 2017, 08:37:40 PM
 #1077

I think Bitcoin will dead if every country decides to ban Bitcoin permanently. Then, there will be no more people using Bitcoin because they might be arrested in this condition. And bitcoin can also be dead if there are a new cryptocurrency which is more profitable, more advance and can fix most of the bug of bitcoin. In the future, there will be more cryptos qualifying these facors.
I’m not agreeing with you. There’s a question in my mind how they will banned in our market and arresting the user of bitcoin while this is a digital currency? I think the bitcoin will die if they banned in the internet. Addditionally, since the investor is the main supplier of the bitcoin, it is possible to die if their business will turn into bankrupt. If this will happen, user and bitcointalk forum also affected because others used this to get an income and as job.

For now on, there’s no reason to happen in the future this situation because of the good services and the benefit gives by bitcoin.

The first thing you should do is to start learning english
Second , start learning about bitcoin

Your post is so painful to read you should really not get paid for this.

I could really post a bounty for the meaning of this phrase:
Quote
"Addditionally, since the investor is the main supplier of the bitcoin, it is possible to die if their business will turn into bankrupt."

Only god and satoshi might know what you wrote here.
one thing's for sure, no demand to use cryptocurrency which is not possible
Yes, because the one who gives the high demand of bitcoin is the investor around the world. We will say that, if the investor did not want to use/invest this in their business or they turn into bankrupt due to forex system I think the ecomony of bitcoin will slow down.

The dollar is one of the main opponents of bitcoin in this world, and most of them used the dollar in our society, and because of small user if bitcoin at this time they will make a steps to steady at the top as number one currency in our economics.

The $ is the main currency worldwide because people use it in their daily life.
Because you can exchange them anywhere in the world unlike the Zimbabwe dollar.

Bitcoin will not die without "investors".
Actually I would prefer that all the "investors" would go and die themselves.




andrei56
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June 06, 2017, 04:51:50 AM
 #1078

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 at worst that is only going to create a temporal ban of bitcoin in some countries that is not going to make it die, just look at all the things that are forbidden by the law but those things still exists because people want them, so I think bitcoin could resit a ban like that.
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June 06, 2017, 05:12:31 AM
 #1079

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 at worst that is only going to create a temporal ban of bitcoin in some countries that is not going to make it die, just look at all the things that are forbidden by the law but those things still exists because people want them, so I think bitcoin could resit a ban like that.

There are some countries right now that banned Bitcoin but some of their citizens are still using it secretly. And aside from that, Bitcoins continues to rise to the moon even though they banned it. Banning it cannot make it die.


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June 06, 2017, 06:52:28 AM
 #1080

I think there is no situation that can make bitcoin die as long as a lot of people are use and support it because it is hard to attack bitcoin network because it has no data center.

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