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Author Topic: In what situation would Bitcoin die?  (Read 101275 times)
choppork
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June 18, 2017, 05:33:18 PM
 #1161

In my own opinion bitcoin would only die if there's a new promising digital cryptocurrency, failure of the sha-256, if there are no more people who patronize bitcoin, and lastly I thought that it would die if all of the country would never accept bitcoin. But I never lose hope that it would die so easily if their are no big and widespread failure of the system of bitcoin, as I just see in bitcoin it will be the future of a fiat money running online.

With that, bitcoin should have died quite a long time ago. There are new promising digital currencies today and there are also almost no country accepting bitcoin at all. The new digital currencies or the altcoins have every concept of bitcoin but they did add some more features. Unfortunately for them, these features aren't enough to take bitcoin down and it's also not enough for them to truly overthrow bitcoin which is one of their major goals.

Only Japan and some other countries are accepting bitcoins for payment methods. The rest of the world, no idea at all. Most countries remain at neutral state. They surely heard of bitcoin but never recognized it as a legal currency or anything but for sure there are services out there that lets you pay with bitcoins to pay for services and whatnot.

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June 18, 2017, 05:43:37 PM
 #1162


If we come up to a worst situation that makes bitcoin die as a currency, I think that the main situation of it's price in the market will sadly drop down and worst is nobody will be spending and exchanging digital currency anymore.
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June 18, 2017, 07:27:46 PM
 #1163


If we come up to a worst situation that makes bitcoin die as a currency, I think that the main situation of it's price in the market will sadly drop down and worst is nobody will be spending and exchanging digital currency anymore.
I completely agree with you on this issue, when bitcoin hasn't any consistency on the value or price, then people will become discouraged to get involved in this platform and that will be the situation of dying...but I don't think that time will come...I strongly believe that, Bitcoin will remain in the consistency level...
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June 18, 2017, 08:57:26 PM
 #1164


If we come up to a worst situation that makes bitcoin die as a currency, I think that the main situation of it's price in the market will sadly drop down and worst is nobody will be spending and exchanging digital currency anymore.
I completely agree with you on this issue, when bitcoin hasn't any consistency on the value or price, then people will become discouraged to get involved in this platform and that will be the situation of dying...but I don't think that time will come...I strongly believe that, Bitcoin will remain in the consistency level...

We all hope that nothing critical will happen with Bitcoin. I very much hope that the parties will agree and in the future will not fight a split. Because if there is a split, then this can scare investors and bitcoin from this very much suffer

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June 19, 2017, 12:39:17 AM
 #1165

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
when all users are in the same situation, that is panic and make them sell all bitcoin they have, but for that to happen.
seems to be very difficult to happen

Likely bitcoin will die in the future could happen. Anything that exists can disappear as well, that we can't predict.The death of bitcoin can stem from many different reasons. Bitcoin depends on the interest of people. About security, value, or is will there is a type of money other technical alternatives.It is the hypothesis that we can put out. And I don't hope that will happen.

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June 19, 2017, 06:08:49 AM
 #1166

This will not happen if the bitcoin will die in a law because it stated that occur only on the legality of the State only certain countries or because of a decline in the value of bitcoin but now more and more are using bitcoin. If you think bitcoin won't die all the time in fact will be the digital currency for the future in the future because there are already a number of countries that ratified the bitcoin in General

Are you replying to my post? 'Cause If you do, we have the same idea here, I'm against the thing that BTC will die to just some LAW. Because BTC is decentralized, no one is handling this digital currency, not the banks and not even the government. In fact no one can stop BTC, and I mean no one.

It is true that some countries have already banned BTC, but there are also some countries that have already accepted BTC.


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June 19, 2017, 08:11:34 AM
 #1167

I think the only way that Bitcoin will go die, is when the TOTAL BREAKDOWN happen, and what I mean about this is not just the internet, but every electronically powered devices or machines, all the power lines are cut down and no power at all, world wide. This is what will kill Bitcoin. I know this is a little off topic but you get the idea right?
Yes you are right. There is no other way to stop bitcoin because even if the government don’t legalize it people will still use it. It can only happen in a way when all the power stuff will be down and this can only happen in a situation of third world war. Where the infra-structure will be damaged as a whole.
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June 19, 2017, 08:17:57 AM
 #1168

no i dont think bitcoin would die. just like any physical curiencies they dont die but they somehow decrease there precious value (dump) and then next day or a month there value increase again (pump). its a dump and pump system for curiencies
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June 19, 2017, 08:47:42 AM
 #1169

no i dont think bitcoin would die. just like any physical curiencies they dont die but they somehow decrease there precious value (dump) and then next day or a month there value increase again (pump). its a dump and pump system for curiencies
Bitcoin is very different from physical currencies and bitcoin is not supported or controlled by any organization or people because it is decentralized and it is only depending in the demand of the market or the people that are buying and selling bitcoins so bitcoin can die if bad things will happen and if bitcoin will not be stable yet.

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June 19, 2017, 09:46:35 AM
 #1170

there so many ideas, but for sure law couldnt proibite btc
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June 19, 2017, 10:03:08 AM
 #1171

Bitcoin would die when there is no one use bitcoin or when we have new digital currency that have big potential than bitcoin.
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June 19, 2017, 03:59:54 PM
 #1172

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Currently since bitcoin is growing, I don't see any reason why bitcoin would die in any perspective. I'm optimistic in what I'm investing thus I don't consider such things that could affect me negatively and something I know that will not happen. If people have an optimistic mind, none of negative will happen.

Yeah, there is no doubt in my heart for bitcoin. Bitcoin is too strong to be destroyed by anything in this 3rd world. It continues on rising above the ground and traveling its path to its right destination, with many investors, buyers, and users of bitcoin, the demand is increasing also making it more solid and stronger.

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June 19, 2017, 04:18:08 PM
 #1173

Bitcoin won't die, before this happen an improvement will be chosen to be implemented. The question is if it will have a hard fork or not. I personalyl don't like the idea, I think it's very bad for the Bitcoin unity that was built along the years, but the transaction fees can't continue increasing like now and the delay can't continue. All we can do is to wait and see what happens... Huh Huh
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June 19, 2017, 04:21:17 PM
 #1174

Bitcoin would die when there is no one use bitcoin or when we have new digital currency that have big potential than bitcoin.

That would be the only way that bitcoin will die if there's no more user, then it means it's already dead. As there is no more interest that will be gotten by bitcoin. And while there are still people who trust it and will depend their investments into it, bitcoin will never die even there's a lot of rumors and bad news showing up.

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June 20, 2017, 10:40:44 AM
 #1175

Maybe that's why bitcoin had a fall for this week? Is it starting to split market with ETH?
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June 20, 2017, 11:23:43 AM
 #1176

There are no prerequisites for the death of bitcoin, I do not see. This can happen only in the case if bitcoins will be a worthy competitor. Any state can attempt to do something like that, but who trusts the government?
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June 20, 2017, 12:36:06 PM
 #1177

Yes you are right. There is no other way to stop bitcoin because even if the government don’t legalize it people will still use it.
I agree, the government will never get their hands on the BTC whatever they'll do since its decentralized.
Quote
It can only happen in a way when all the power stuff will be down and this can only happen in a situation of third world war. Where the infra-structure will be damaged as a whole.
Yeah, talk about post apocalyptic setting.




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June 20, 2017, 12:50:59 PM
 #1178

There are no prerequisites for the death of bitcoin, I do not see. This can happen only in the case if bitcoins will be a worthy competitor. Any state can attempt to do something like that, but who trusts the government?
No demand in the market, no miners, no supporters, no development. Those are just a few scenarios that can happen in bitcoin and it will make bitcoin instantly death in terms of price and market so i think we should avoid those things because those things are the common cause for a cryptocurrency to die. So if we do things against those causes then we will probably avoid them.

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June 20, 2017, 04:54:58 PM
 #1179

I think the only way that Bitcoin will go die, is when the TOTAL BREAKDOWN happen, and what I mean about this is not just the internet, but every electronically powered devices or machines, all the power lines are cut down and no power at all, world wide. This is what will kill Bitcoin. I know this is a little off topic but you get the idea right?


I agree with you maybe in an emergency maybe bitcoin will die, such as absence of internet connection and  dissolution of all power grid due to the terrible factor of natural disaster or because of war.
Because i think as long as things are still running normally then bitcoin will not die, if there is still a stable connection or power grid.
Yes and that too when you know that the internet is not going to be connected for more than two months at least.
In normal situation we can never say that bitcoin is going to die because it is growing continuously. The number of bitcoin users is increasing every next day and is becoming a worldwide used currency.

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June 20, 2017, 05:26:38 PM
 #1180

I think the only way that Bitcoin will go die, is when the TOTAL BREAKDOWN happen, and what I mean about this is not just the internet, but every electronically powered devices or machines, all the power lines are cut down and no power at all, world wide. This is what will kill Bitcoin. I know this is a little off topic but you get the idea right?


I agree with you maybe in an emergency maybe bitcoin will die, such as absence of internet connection and  dissolution of all power grid due to the terrible factor of natural disaster or because of war.
Because i think as long as things are still running normally then bitcoin will not die, if there is still a stable connection or power grid.
Yes and that too when you know that the internet is not going to be connected for more than two months at least.
In normal situation we can never say that bitcoin is going to die because it is growing continuously. The number of bitcoin users is increasing every next day and is becoming a worldwide used currency.
i think it is impossible that bitcoin connection will remain as disconnected for more that 2 months, we cannot imagine a single day without internet, internet is now the main and basic component of our life and i think most of our governments are depending on internet, so it is not possible that internet will remain as disconnected for 2 months and therefore bitcoin will remain and wil survive for a long long time.

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