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Author Topic: In what situation would Bitcoin die?  (Read 101138 times)
liliiaolivia2017
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August 09, 2017, 11:19:17 AM
 #1341

Bitcoin will die in case of its replacement with new currency-friendly crypto-currencies. Now there are several such currencies on the market, for example, the currency of REcoin (backed by Real Estate) came out on the market on August 7. What do you think about this?
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August 09, 2017, 12:57:13 PM
 #1342

I can't imagine situation when Bitcoin dies, because too many people are involved in it. May be only if the Internet will die and we will not have opportunity to use Bitcoin. But I think it is impossible.
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August 09, 2017, 01:03:10 PM
 #1343

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
If bitcoin will continuously dropping its price I think people will be uninterested in btc anymore. Also with the trust issue I think btc failed to maintain is credibility to produce a god price it will be a big impact to the community in btc but as long as btc show a good job it wil not happen. But we don't know what might happen in the future so I think people should take care of btc.

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August 09, 2017, 01:17:40 PM
 #1344

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin has already successfully overcome lots of critical issues either technical or due to some governments.

But when quantum computing would be introduced,may be after twenty years,then the security of bitcoin may be compromised and it may be the end of bitcoin.But i think as we have enough time,some precautions might be taken.Lets hope the best.

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August 09, 2017, 01:36:07 PM
 #1345

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin has already successfully overcome lots of critical issues either technical or due to some governments.

But when quantum computing would be introduced,may be after twenty years,then the security of bitcoin may be compromised and it may be the end of bitcoin.But i think as we have enough time,some precautions might be taken.Lets hope the best.
Yeah bitcoin has already successfully over all and also bitcoin has been able to convince some governments from some countries to legalize bitcoin so IMO there is no possibility of bitcoin will die and in reality bitcoin will continue to grow and will increasingly be recognized as a new currency. time will answer it if bitcoin never die.

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August 10, 2017, 02:12:36 PM
 #1346

I think it can die, it can die using "us". We can kill bitcoin using do not take bitcoin or do not use bitcoin anymore or maybe if all of us do not agree to bitcoin it is the only thing that bitcoin can die.

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August 10, 2017, 02:14:51 PM
 #1347

I think it can die, it can die using "us". We can kill bitcoin using do not take bitcoin or do not use bitcoin anymore or maybe if all of us do not agree to bitcoin it is the only thing that bitcoin can die.

I don't think that it will ever happen as the users of bitcoins have faith in its potential and they will never think of quitting bitcoins as its giving them a good earning opportunity and people are making good money from it.

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August 10, 2017, 02:16:48 PM
 #1348

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
For me,  i think the possible thing that will happen in bitcoin is that there are no demands for this. Asides from that is that there are many hackers that continuously stealing from many people who do all the efforts just for this. And lastly,  no one is supporting the bitcoin because of the scam they made in many people.

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August 10, 2017, 03:20:53 PM
 #1349

At first, i had the opinion that bitcoin will die after the last block is mined and they said there is currently 7 Millions bitcoins left to be mined in the entire world and the estimated time when the rest of the bitcoins left to be mined will be in 2140, When it's mined, miners will be paid from the transaction fees but someone recently said that there are even more bitcoins in existence than what we currently imagine unfortunately i dont think  will be around in 2140 to see if its true or not.



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August 10, 2017, 03:35:04 PM
 #1350

I think every crypto portfolio should have a certain amount of bitcoin that you won't sell for years. If it turns into a global reserve currency (assuming the upcoming scaling goes well and security is maintained), then nations could start buying. Even if only a small amount of a nation's reserves is in Bitcoin, the price could easily enter the $1,000,000 per bitcoin range.

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August 11, 2017, 09:17:39 AM
 #1351

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.
yeah that's what i mean, since bitcoin designed as a decentralized , everyone have equal responsibility to develop our beloved bitcoin. just the matter of time until people could really accept a new thing , a new financial technology that actually could bring everything easier. for better world , bitcoin shouldn't disappeared now or later.


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August 11, 2017, 05:45:54 PM
 #1352

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 bitcoin cannot die, not actually bitcoin cannot die but bitcoin die but it has own child or new coin so bitcoin cannot die maybe it not called bitcoin but it is from bitcoin

If you are talking about a coin BCC, then I do not agree with you. This coin can not be a continuation of bitcoin. It arose only because of the marketing ploy of a certain group of people. And soon she will disappear just as quickly. Bitcoin is now the leader and will be him for a long time.
I believe, bitcoins have no plans to make a family. It's a funny idea to make BCC or any other digital currency child of Bitcoins. Bitcoin alone is going to rule the crypto currencies. With its increasing popularity and number of investors, it is certain that Bitcoins are going to last for long and nobody will be able to take its throne. No matter how hard and how much people try to bring this currency down by their foul plans, this is not happening.

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August 11, 2017, 06:20:45 PM
 #1353

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 to end Bitcoin must have a tremendous impact on the world. May be a legal issue. Banks, the government has always been looking for ways to make Bitcoin disappear because people are so much profit from non-paying, anonymous transactions, international transactions, etc. So, one day, maybe the government will make Bitcoin disappear

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August 11, 2017, 06:36:00 PM
 #1354

I kind of see the decentralized everything coming in the next decade. decentralized payment system, decentralized stcok exchange market, decentralized voting system, decentralized governance
Yeah might come a competitor who would have technology like bitcoin (like having decentralization, anonymity, etc) and certainly more sophisticated, maybe it would pose a very serious threat to the continuity of life on bitcoin. Whether it will survive or not, it depends on bitcoin users

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August 11, 2017, 06:37:32 PM
 #1355

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 to end Bitcoin must have a tremendous impact on the world. May be a legal issue. Banks, the government has always been looking for ways to make Bitcoin disappear because people are so much profit from non-paying, anonymous transactions, international transactions, etc. So, one day, maybe the government will make Bitcoin disappear
Very difficult for kill Bitcoin, because this is Decentralization system and nobody can't control it or trackr.
So I think the government will accept Bitcoin for improve their economic as Japan.



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August 11, 2017, 06:46:30 PM
 #1356

i think hype for this sphere just get low and this is how is stopped at all. it is popular now but it is not forever
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August 11, 2017, 07:09:33 PM
 #1357

The only situation i can think of which will cause the end of bitcoins is a scenario where a new crypto-currency emerges and it becomes profitable for investors way more than Bitcoins,this will cause almost everyone to flock to it and make more money and thus they disregard bitcoin but its not going to die maybe it will be just less valuable.

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August 12, 2017, 03:37:29 PM
 #1358

Certainly cryptocurrency could be dead in the future, the most likely thing to do that is the government strictly prohibits cryptocurrency, and removes it ... so that investors will not dare to invest anymore, and there will be no cryptocurency

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August 12, 2017, 04:59:23 PM
 #1359

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

Bitcoin is a cryptocurrency, a cryptocurrency is ran through internet. If internet disappear cryptocurrency will disappear also. And when cryptocurrency is over bitcoin will die. Yet it is impossible for the internet to disappear.

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August 12, 2017, 06:07:03 PM
 #1360

The only situation i can think of which will cause the end of bitcoins is a scenario where a new crypto-currency emerges and it becomes profitable for investors way more than Bitcoins,this will cause almost everyone to flock to it and make more money and thus they disregard bitcoin but its not going to die maybe it will be just less valuable.
I agree with you. Bitcoin will not die but its value will be lower than usual when there is a new crypto which is stronger than bitcoin and attract more investors. But It will be in a far future so that we do not need to worry much about it. Bitcoin is a good currency and it will keep domonate the crypto market for the next 20 years

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