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Author Topic: In what situation would Bitcoin die?  (Read 95679 times)
daenarys_stormborn
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August 12, 2017, 03:37:29 PM

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

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

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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August 12, 2017, 06:15:04 PM

The future can hold a lot of things, and there might be a crackdown on Bitcoin if it starts to snowball too hard with the average folk, but for right now it's not worth worrying about anything happening to the community
 Undecided

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August 12, 2017, 06:20:53 PM

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
In order not to have a currency which can create outflow of investment from bitcoin you must always take care of timely upgrades of bitcoin. Civil war the miners and users are not helpful. Bitcoin can be killed only by internal contradictions.

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August 12, 2017, 06:40:15 PM

The future can hold a lot of things, and there might be a crackdown on Bitcoin if it starts to snowball too hard with the average folk, but for right now it's not worth worrying about anything happening to the community
 Undecided

At the moment I don't think there is a possibility of vanishing the bitcoins. Bitcoins are getting strong enough, so here after they will only grow. There has been tremendous awareness and popularity for bitcoins hence people are investing and trying their hand into this digital gold.

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August 12, 2017, 06:49:37 PM

Bitcoin can lose its value if people lost confidence in him. Among the people who use bitcoin a lot of random people. All expect constant growth. Nobody thinks about the implications of that growth. When the first reductions in prices they will run and will provoke an even greater fall. It turns out that the stability of bitcoin prices depends only on the whales. This is bad and a big risk.

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August 12, 2017, 07:26:10 PM

The future can hold a lot of things, and there might be a crackdown on Bitcoin if it starts to snowball too hard with the average folk, but for right now it's not worth worrying about anything happening to the community
 Undecided

At the moment I don't think there is a possibility of vanishing the bitcoins. Bitcoins are getting strong enough, so here after they will only grow. There has been tremendous awareness and popularity for bitcoins hence people are investing and trying their hand into this digital gold.
yes that is right that bitcoin is not going to die at any state. we can see that bitcoin is becoming more and more popular and it is sure that in future bitcoin will be trading in a very good potion. i can see bitcoin that it is becoming more popular because the interest of the people is increasing and they are even invested a good amount of money in bitcoin and sure that their interest will be more increasing from time to time.
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August 13, 2017, 12:19:08 PM

I kind of see the decentralized everything coming in the next decade. decentralized payment system, decentralized stcok exchange market, decentralized voting system, decentralized governance
Maybe in the next decade will come a more profitable investment commodity than bitcoin, will come the innovative currency may be more invotive than decentralization, so make bitcoin become obsolete and it might make bitcoin left by the user and then die?



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August 13, 2017, 01:27:55 PM

I think if many people using this bitcoin all  bitcoin users dont use bitcoin i think that is one possible that bitcoin would die or maybe have a new high value of currency than bitcoin i think many people leave bitcoin then bitcoin  will die .

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August 13, 2017, 01:33:25 PM

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.
I think that is impossible to happen that people will stop using bitcoin. The fact that its value right now was too high and it has a lot of used to us. I think the reason on that problem is when government ban bitcoin around the world.

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August 13, 2017, 01:37:02 PM

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin would possibly die if internet would be gone since we cant make any transactions since the chain would really be good as dead, you might holding the coins but you cant do anything about it.Another possibility that bitcoin would lost its users and would decide to dump all their coins and jump into another coin because bitcoin is just alive because the community uses it and once interest would be gone then for sure it would die.

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August 13, 2017, 01:40:37 PM

world war( just around the corner) in which planet communication are severly damaged and has to be down for few months, that would surely paralyzed bitcoin and may die.

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August 13, 2017, 01:56:21 PM

I kind of see the decentralized everything coming in the next decade. decentralized payment system, decentralized stcok exchange market, decentralized voting system, decentralized governance
Maybe in the next decade will come a more profitable investment commodity than bitcoin, will come the innovative currency may be more invotive than decentralization, so make bitcoin become obsolete and it might make bitcoin left by the user and then die?

Yes, bitcoin might grow higher and maybe in the future some commodity will exist providing with an increased profit. Right now shares and forex were gaining popularity, but people who are not knowledgeable find it a tedious thing to learn.



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Palmerson
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August 13, 2017, 02:01:03 PM

If you do not stop the uncontrolled growth of prices of the bitcoin could lead to his death. Bitcoin's № 1 crypto currency, but this provision is deceptive. If there is no development he can turn into the Titanic.

deppil
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August 13, 2017, 02:11:26 PM

I kind of see the decentralized everything coming in the next decade. decentralized payment system, decentralized stcok exchange market, decentralized voting system, decentralized governance
Maybe in the next decade will come a more profitable investment commodity than bitcoin, will come the innovative currency may be more invotive than decentralization, so make bitcoin become obsolete and it might make bitcoin left by the user and then die?

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majdoso
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August 13, 2017, 02:18:05 PM

nowadays we can t really expect any situation in witch bitcoin is going to die throw
but we can imagine the reaction of government of some countries; they can block the use of it and the popularity will decrease.
batako
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August 13, 2017, 02:21:30 PM

If the price continue to increase, someday the demand will be decreased and that will be bad for bitcoin.

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August 13, 2017, 02:23:20 PM

If the quantum computers its developed early than expected or if the centralized economy finds a way to be better tha the cryptocurrencies, but nobody knows when and if this can be occur, so its bettter to work with the present and not the future.

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August 13, 2017, 02:28:41 PM

I think if Bitcoin will fail to maintain its quality service and high price then it will not be accepted to the people as like today. there are a lot of causes to die in the future. if its growth would be unstoppable and uncontrollable then it will collapse very soon.
abnormal volatility is also a reason for being terminated in the future. so these issues should be taken seriously as soon as possible.

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