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Author Topic: In what situation would Bitcoin die?  (Read 99568 times)
ivar
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July 05, 2017, 12:29:43 AM
 #1261

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
I think that the end of the bitcoin will be declared by the regression of the confidence of people in this currency, or even completely ignore !!
However, in my opinion the end of the bitcoin is very very far from being and that we are in the spring of the bitcoin!


The bitcoin bubbles are gradually getting bigger, this can lead to the risk of exploding, not just bitcoin, most other altcoins will also collapse. That's a bad thing, so they're trying to adjust things.
I do not agree with you, in fact if it would happen, it will be after 50 years, in other words it's so far from nowadays especially that the next halving will be at 20 Jun 2020 11:17:08 !
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July 05, 2017, 01:41:08 AM
 #1262

No altcoin, I'm sure if there is no new project (ICO) then the bitcoin will die, this is because when ICO developers collect bitcoin with bitcoin. And then the price only compare with real money (USD, Euro and more) it's look too boring.



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July 05, 2017, 02:22:58 AM
 #1263

Bitcoin dies when the user does not trust it. People all sold off bitcoin, bitcoin prices fell down. Countries banned the use of copper bitcoins
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July 05, 2017, 06:23:03 AM
 #1264

The only situation that basically any criptocurrency,  including bitcoin, would die is if it suddenly lost most of its users. But, we can clearly see that that will never be the case as there is a huge growth in Bitcoin  popularity and price, meaning that it will most likely live for a few decades, by my reckoning. It might even overtake most currencies today meaning that we might have a uniform of payment throughout the whole world.
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July 05, 2017, 11:59:39 AM
 #1265

No altcoin, I'm sure if there is no new project (ICO) then the bitcoin will die, this is because when ICO developers collect bitcoin with bitcoin. And then the price only compare with real money (USD, Euro and more) it's look too boring.

How so? As far as I know, ICOs are meant for the developers to make quick money. Let's face it, the people that invest in ICOs aren't really interested in the project. They are interested in the price of the coin in the future. They look if the coin has a good potential because that way, they'll know that the price will go up. Even ETH developers, they are just here for the money. Without ICO, bitcoin will be fine. It's just recently when these ICOs have started appearing like mushrooms. There's plenty of them right now and there will be even more in the future.

"It looks boring" - I think that's some absurd reason why bitcoin will die. Think of a better argument.

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July 06, 2017, 02:30:08 AM
 #1266

Bitcoin might die if government of all the countries make it a regulated currency of world. This is a good thing but it is not good for our free bitcoin which is decnhtrazlized currently. The reason is, people or the investors are looking for big time profits here and they do not want the amount of transaction to be limited with regulation and they do not want taxes to be paid for the same bitcoin which is currently free of it. This will result in uninterested fan following of bitcoin losing its value over the time. You know it will die.


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July 06, 2017, 02:39:00 AM
 #1267

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?


   The possibility of bitcoin well end is slim but it is still possible, since the bitcoin was found and the price of bitcoin was still little not many people invested on it and does who only knew and have the knowledge of investing online did so. Over the past years bitcoin was not in near end it actually bloomed and now as we can look at it the market price has been increasing in over the years. We did not expect this to happen but it still did happen. If ever bitcoin will collapse their are many reasons why, in my opinion this are the reasons why. First, the internet will be shut off. Many people believe that in the near future our future will be full of destruction and wars, no one will care of investing if your life is in danger. This will trigger of the cyber world to shut down. Second, if we all people die its obvious that no one will invest or buy anything if we all die. Lastly, government shut it off or if their will be a big cyber crime that makes the bitcoin to stop following this is a possibility especially in our technology in our generations. I know some of my reasoning's are nonsense but in this world nothing is impossible anymore.

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July 06, 2017, 02:47:01 AM
 #1268

The only situation that basically any criptocurrency,  including bitcoin, would die is if it suddenly lost most of its users. But, we can clearly see that that will never be the case as there is a huge growth in Bitcoin  popularity and price, meaning that it will most likely live for a few decades, by my reckoning. It might even overtake most currencies today meaning that we might have a uniform of payment throughout the whole world.
Maybe we might get the universally payment gateway. Yes, the ongoing adoption is the example that there is no need to think of the death of bitcoin. Countries have been legalizing bitcoin usage and this might add more support to bitcoin on its growth rather than declining it's value.


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July 06, 2017, 03:07:12 AM
 #1269

I have just posted on the other thread discussing about certain serious disagreements and perhaps to a certain extent infighting among the people behind bitcoin. This may look rather normal among workers but when it comes to the people behind a brilliant project which is bitcoin, this may cause a serious trouble. Such serious disagreement may soon cause bitcoin to wither away.

A split is coming because of this.

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Rajamuda
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July 06, 2017, 03:18:10 AM
 #1270

Maybe if it happened since of the following things i suppose:
Bitcoin database is overcrowded transaction slow, Group who wants to change Bitcoin to better be censured, Many network of Bitcoin transactions mastered 'unscrupulous', Cost of transaction is expensive, prone to manipulation. That situation is gonna making bitcoin die i guess.

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July 16, 2017, 09:55:28 PM
 #1271

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?


I think the biggest cause of Bitcoin death is government. When Bitcoin is involved in many illegal activities, the government will not let it work anymore. Besides, the simpler cause is that the Bitcoin organization stops providing and exploiting Bitcoin.
All the above causes are hypotheses. I believe that Bitcoin is not so easy to die
Yeah the governments can not kill Bitcoin, if the governments don't accept Bitcoin, people will still use it (secretly), the price should be lowered but Bitcoin users will still exist
I don't think bitcoin will die anyhow soon . The main reason for the success of bitcoin is from the revenue generated from the public. If public don’t take interest in bitcoin or doesn't invest in bitcoin, it will die itself. But it doesn't seems like people are gonna stop taking interest in bitcoin.
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July 19, 2017, 01:14:01 PM
 #1272

In the history, Currencies dies because of non use or because of the death of its user lol.
I think Btc will never die, or maybe will die in centries ... According to stats, It is one used so much nowadays.
And its users are divided in all over the world. Maybe a region won't use it anymore because of political issues maybe but I think it will represent less than 0.5% of Btc users, so it won't affect.
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July 19, 2017, 01:21:32 PM
 #1273

I think there could just one case: self-destruction.
But this is up to us. If we all team up and row in the same direction this will be prevented...splits and lack of unity will only go in favor of Bitcoin detractors and eventually could lead to the end of Bitcoin.

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July 19, 2017, 01:25:12 PM
 #1274

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?


I think the biggest cause of Bitcoin death is government. When Bitcoin is involved in many illegal activities, the government will not let it work anymore. Besides, the simpler cause is that the Bitcoin organization stops providing and exploiting Bitcoin.
All the above causes are hypotheses. I believe that Bitcoin is not so easy to die
Yeah the governments can not kill Bitcoin, if the governments don't accept Bitcoin, people will still use it (secretly), the price should be lowered but Bitcoin users will still exist
I don't think bitcoin will die anyhow soon . The main reason for the success of bitcoin is from the revenue generated from the public. If public don’t take interest in bitcoin or doesn't invest in bitcoin, it will die itself. But it doesn't seems like people are gonna stop taking interest in bitcoin.
Correct,as long there are people who do like to use bitcoin then it will surely live for longer years for sure and as you said as long there is interest it wont die easily.The time that bitcoin will be useless if all users would decide to dump all their coins and jump on other things which causes for it to be useless or no value at all but seeing on the current state we are witnessing the different thing.

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July 19, 2017, 01:37:02 PM
 #1275

I think bitcoin will not totally die because it is still improving its own.And look how powerful bitcoin now. As technology extent its capacity, bitcoin will do also, because as you can see many people are using bitcoin right now and I see the progress that bitcoin made.
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July 19, 2017, 02:13:48 PM
 #1276

Well, maybe when the situation began to lose confidence in the bitcoin users. people tend to leave bitcoin, because bitcoin is no longer provide benefits to users. but, I think it will not happen, because bitcoin will always provide many benefits to the users if we use it properly.
If the dumps continues, it'll a big problem for the community. But as what we are witnessing right now, it is increasing, days after the deflation, which shows that it will be hard for BTC to come on its end, not in this time where it is being recognized by some countries as legal currency such as in north korea.

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July 19, 2017, 03:01:24 PM
 #1277

I think there could just one case: self-destruction.
But this is up to us. If we all team up and row in the same direction this will be prevented...splits and lack of unity will only go in favor of Bitcoin detractors and eventually could lead to the end of Bitcoin.

Has the world ever been truly united? Maybe in small scales, but when as the population grows, more and more dramas are coming up. There will always be people that would want something else. There will always be people that wants to destroy something.

Remember in the cartoons when two kids are fighting over one toy and end up destroying it? That's exactly what's going to happen to the world eventually. People will always fight over and argue you to death over something really simple and basic. It's just our nature as a human. We don't want others saying otherwise, we don't want others disagreeing with us so we fight them to death. (I guess religion dramas can relate too)

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EastBirth
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July 19, 2017, 04:43:06 PM
 #1278

If the world ended ? The internet and computers would have to stop working. If that happened I think it will probably be the end if the world. The people will root and there might be choas. There will be more to worry about then Bitcoin.

As long as there is a device and internet there is Bitcoin.

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July 19, 2017, 05:04:43 PM
 #1279

If everyone stops using it or if in some way becomes wothless, these are the two situations I think of that could make bitcoin die. But I don't know what could cause something like this, people get used to bitcoin and all benefits that it gives and demand is geting biger all the time.
There is a quite big factor between the support of the community and bitcoin development. So if it will be gone forever or in a scale of time a huge impact may be changes on bitcoin resulting for not having a progress notes of its price and transaction and for somewhat reason it will die in the sense that mo one will going to used bitcoin as a mode of transaction and for investment and trading. Always think that we are a factor for bitcoin development.


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arlinxoha
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July 20, 2017, 01:05:23 PM
 #1280

If all people leave the use of Bitcoin during the worst condition of Bitcoin, then I think Bitcoin will die. But I do not think Bitcoin will face such problem. And if Bitcoin stopped giving benefits to users, then people could release Bitcoin, but I do not think it will happen, because Bitcoin always provides users with many benefits. So people love Bitcoin.

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