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Author Topic: In what situation would Bitcoin die?  (Read 101138 times)
Shinpako09
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August 07, 2017, 10:55:53 PM
 #1301

If no one will ever used it, whales will dump all their coin, and miners stop. But all of this things is impossible to happen as you can see. Obviously demand is getting higher because of that, price is getting higher as well. The popularity itself is getting improved as time pass by.

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August 07, 2017, 11:17:35 PM
 #1302

The only thing that will kill bitcoin is turning off the internet "Internet Total Shutdown" which is not possible. So, because of that nothing will kill bitcoin. Grin

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August 08, 2017, 12:24:49 AM
 #1303

The only thing that will kill bitcoin is turning off the internet "Internet Total Shutdown" which is not possible. So, because of that nothing will kill bitcoin. Grin
Well, nothing can kill Bitcoin I guess, even if you somehow shut down the internet it will still exist. I mean the internet is just a bridge to everything, it is what connecting all specially in the digital, communication etc. It will still exist.

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August 08, 2017, 03:36:36 AM
 #1304

maybe Bitcoin will die if the investor takes off all the bitcoin they have. no one people know. Does that make sense?

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August 08, 2017, 03:45:34 AM
 #1305

It will eventually die when nobody invest in bitcoin like any artist when nobody support her or him, they are already useless. Bitcoin will consider useless without any investors.

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August 08, 2017, 03:46:06 AM
 #1306

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

No demand, yeah, it's possible but I'm not looking forward. Bitcoin is the future and we're now living its various benefits.

Let's make a change. Change makes you better. Change makes you smarter. Change makes you healthier.
SamsungBitcoin
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August 08, 2017, 03:53:21 AM
 #1307

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

No demand, yeah, it's possible but I'm not looking forward. Bitcoin is the future and we're now living its various benefits.
I do not see that bitcoin would lost a demand by the users, bitcoin continuous to adopt by people and countries that is why the demand will continuous to increase also the traders not stop to make a demand in bitcoin.
I think only blockchain can die bitcoin when it will stop to operate.
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August 08, 2017, 03:53:21 AM
 #1308

It will eventually die when nobody invest in bitcoin like any artist when nobody support her or him, they are already useless. Bitcoin will consider useless without any investors.

This is the only way that bitcoin will be dead meat. But since then I doubt it that bitcoin will be dying very soon.

There's a lot of new coins that are coming out and keeps on saying that they are better than bitcoin and will take over the place.

But no one did ever win.

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August 08, 2017, 04:00:29 AM
 #1309

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

No demand, yeah, it's possible but I'm not looking forward. Bitcoin is the future and we're now living its various benefits.
I do not see that bitcoin would lost a demand by the users, bitcoin continuous to adopt by people and countries that is why the demand will continuous to increase also the traders not stop to make a demand in bitcoin.
I think only blockchain can die bitcoin when it will stop to operate.
Well, if Blockchain system of Bitcoin can't running normally or always congested like before active BIP91, Bitcoin will loss many user and maybe not have people use Bitcoin is that time, because they transfer Bitcoin to other altcoin can use normal as Ethereum, Digibyte, Ripple ...

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August 08, 2017, 04:07:38 AM
 #1310

It will eventually die when nobody invest in bitcoin like any artist when nobody support her or him, they are already useless. Bitcoin will consider useless without any investors.

This is the only way that bitcoin will be dead meat. But since then I doubt it that bitcoin will be dying very soon.

There's a lot of new coins that are coming out and keeps on saying that they are better than bitcoin and will take over the place.

But no one did ever win.
bitcoin could move up so fast and skyrocketing , then why not it's get drop so deep until even completely disappeared? satoshi itself have said about this i guess. the future of bitcoin are in our own hands. if you still need it to use for whatever reason then bitcoin wouldn't die as long as there's an interest even from a small groups. for now i can only see the growth of bitcoin getting faster and faster. so there's nothing to worry.


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August 08, 2017, 04:29:41 AM
 #1311

Maybe bitcoin will die if it's doomsday, because i still expect new generation of bitcoin, like what is the generation of bitcoin generation Huh
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August 08, 2017, 04:30:24 AM
 #1312

No demand, yeah. You can imagine this :
(If) there is someone who had bought all Bitcoin, and hold them all for long time, or for some reason he didn't want to sell, lol Grin so there is no more Bitcoin in the world Grin

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August 08, 2017, 04:55:29 AM
 #1313

No demand, yeah. You can imagine this :
(If) there is someone who had bought all Bitcoin, and hold them all for long time, or for some reason he didn't want to sell, lol Grin so there is no more Bitcoin in the world Grin
LOL, only idiot will do that, how in the world will he hold bitcoin when he is not getting any benefits from it, let's be realistic, we know that what made bitcoin increase its value is because of the demand without it, bitcoin will be dead.
Just like what happen in the past when there was a panic and it almost made bitcoin dead because the market collapse but good thing there are still people who trust it and circulate bitcoin so now we are in sitting in success.

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sunsilk
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August 08, 2017, 06:16:41 AM
 #1314

It will eventually die when nobody invest in bitcoin like any artist when nobody support her or him, they are already useless. Bitcoin will consider useless without any investors.

This is the only way that bitcoin will be dead meat. But since then I doubt it that bitcoin will be dying very soon.

There's a lot of new coins that are coming out and keeps on saying that they are better than bitcoin and will take over the place.

But no one did ever win.
bitcoin could move up so fast and skyrocketing , then why not it's get drop so deep until even completely disappeared? satoshi itself have said about this i guess. the future of bitcoin are in our own hands. if you still need it to use for whatever reason then bitcoin wouldn't die as long as there's an interest even from a small groups. for now i can only see the growth of bitcoin getting faster and faster. so there's nothing to worry.

We have the control on bitcoin's economy if we will support it then it won't be dying easily.

But if we choose to condemn it then bitcoin will be dying easily. As I can see today with bitcoin's situation, it's no way to be dead.

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August 08, 2017, 07:26:42 AM
 #1315

In my opinion, there are 3 areas that may bring down Bitcoin to an end.

1) Political- We can never say anything or question the government. If they feel that Bitcoin is affecting the country's economy, then they might ban it for that country.
2) Financial Crisis- We all know how financial crisis affects the whole world economy. With that, Bitcoin as something that is not yet stable and big like the other areas of the economy, might die together with the downfall of the world economy.
3) Internet Crash- Because who knows, maybe some day the internet will just become down and inaccesible because of factors such as protection due to nation conflicts.

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August 08, 2017, 07:29:34 AM
 #1316

If network and internet is dead then only bitcoin dead.bitcoin is not accepting in some countries,because some problems with bitcoin,it is not transparent and can do transactions with anonymous names.here we have chances of gambling with bitcoins.if world wide people against with bitcoin we can vanish it.but it is not possible,bitcoin will be there forever. Grin
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August 08, 2017, 09:01:20 AM
 #1317

If network and internet is dead then only bitcoin dead.bitcoin is not accepting in some countries,because some problems with bitcoin,it is not transparent and can do transactions with anonymous names.here we have chances of gambling with bitcoins.if world wide people against with bitcoin we can vanish it.but it is not possible,bitcoin will be there forever. Grin
Yes, one thing is the existence of internet. If internet dies, so is bitcoin. Another thing is another cryptocurrency will evolve and with more advance technology, thus there will he a massive transfer of usage from bitcoin to that new cryptocurrency. If low demand of bitcoin, eventually bitcoin will die. So, it's really not that possible that it will happen decades from now.

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daronch
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August 08, 2017, 09:05:11 AM
 #1318

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

This is a very interesting question. I think it is possible if in the future other cryptocurrencies supersede it in value and acceptance in many important countries, it may cause bitcoin to slowly die off. Or maybe a saturation of the cryptocurrency market.
kotbi
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August 08, 2017, 09:09:44 AM
 #1319

one day, it would cost more electricity to mine. so there is no profit at all for any miners in the world. the price would drop, it would cause FUD and bitcoin will die

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August 08, 2017, 11:08:56 AM
 #1320

I think it is not possible,if network dead then only bitcoin will die.bitcoin banned by government then only it will possible.
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