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Author Topic: In what situation would Bitcoin die?  (Read 95096 times)
wilwxk
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August 13, 2017, 02:23:20 PM
 #1381

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
 #1382

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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syarifudin
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August 13, 2017, 03:43:45 PM
 #1383

The possibility that can certainly happen anytime, but of course we all have the same hopes for progress of bitcoin will continue to grow as well as bitcoin services getting better in the next day.

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August 14, 2017, 01:57:45 PM
 #1384

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin and other cryptocurrency's value deoends on the market's demand. So, there'll be a total loss of market's demand to it, it will probably make Bitcoin and other cryptocurrency, somehow, worthless. That's the downside of being decentralized. But at this point, where demand is continously increasing, it'll be impossible for Bitcoin and other crypto currencies to not be in demand, especially nowadays.

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August 14, 2017, 02:03:59 PM
 #1385

i can t really think that bitcoin will die someday because i can t find a good reason for it
nexus99
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August 14, 2017, 02:08:26 PM
 #1386

Probably there is no way Bitcoin could cease to exist. Maybe only if governments manage to wrap their minds around legal ways how to prohibit Bitcoin.
Zemangat
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August 14, 2017, 02:08:54 PM
 #1387

Because bitcoin is digital and requires internet network, maybe if internet dead and can not be used again. Bitcoin will die. All bitcoin transactions will be lost because the internet connection does not exist. And many pars of internet users will move to fiat money. They will forget the bitcoin because bitcoin can not perform its function. I think it's a great way to make a dead bitcoin

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August 17, 2017, 04:43:13 AM
 #1388

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 it would end by getting no demand for cryptocurrencies like bitcoin. If there won't be demand for bitcoin why would it be still active. But I think there is no possibility that it would not have demand and die.

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laurenB7742
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August 17, 2017, 05:37:53 AM
 #1389

Actually it this situation is not THAT impossible. If governments of few biggest countries signed a treaty, some kind of deal that they want to ban bitcoin, the price would fall to the ground and bitcoin would basically die. For now, bitcoin is not such a big threat to government but in the future it might become.
pepoaly007
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August 19, 2017, 10:51:04 AM
 #1390

It is impossible for the Pitcoin to die or to end up reaching a high stage of strength and stability as well as support from many international institutions.

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DaftAjax
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August 19, 2017, 04:35:53 PM
 #1391

Actually it this situation is not THAT impossible. If governments of few biggest countries signed a treaty, some kind of deal that they want to ban bitcoin, the price would fall to the ground and bitcoin would basically die. For now, bitcoin is not such a big threat to government but in the future it might become.
That would not happen my friend, you see even if almost all countries have mutual treaties with each other we still can't avoid misunderstanding in some sort of way. I mean for example Chinese people brought illegal drugs to let's say Philippines and got caught, so this country will be forced to take charges to these persons. But the Chinese government will not just stand by and do nothing about it so, they will somehow try to retrieve their people and instead they will be punished in their country not in the country that they've violations with.

lavemytim
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August 19, 2017, 04:46:30 PM
 #1392

Horses bitcoin will not happen soon. People wet their money, why would it be closed to him? Some kind of stupidity

rabeh boukhnona
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August 19, 2017, 05:31:07 PM
 #1393

I think Bitcoin will dead if someone hacked the system and generate a lot of coins! i think this is impossible
but who knows shit happens

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August 19, 2017, 08:27:05 PM
 #1394

Probably there is no way Bitcoin could cease to exist. Maybe only if governments manage to wrap their minds around legal ways how to prohibit Bitcoin.

The question of what will be like all 21 million will be extracted? This will happen after 2100 years. But this time we will be dead.

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August 19, 2017, 08:42:54 PM
 #1395

I think if every country ban bitcoin and give some good reason for that,for example cannot collect taxes,this is one way,second if new value replacment bitcoin but this options is less possible in any cases there are small chances to die.
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August 19, 2017, 10:38:39 PM
 #1396

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 20, 2017, 12:23:01 AM
 #1397

Maybe bitcoin die when the world ends. Because bitcoin (or any other cryptocurrency) offers us a lot oppurtunity to have a better life. And because of it's growing value there is no way for developers to ignore bad possible things to happen. So I believe it will end when there is no one uses it no more.

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August 20, 2017, 01:51:22 AM
 #1398

When there are no more transactions. In other words there is no more demand and supply in the market cryptocurrency. As long as there is market activity, bitcoin will stay alive.

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August 20, 2017, 01:55:44 AM
 #1399

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

When one can compete with bitcoin in its own category. For example there is a developer who is genius enough to create a product similar to bitcoin, but with a different name but with the same capabilities but all above the bitcoin, and the price is below the bitcoin. That's when the investors will start leaving bitcoin and will switch to the latest technology to get something better than what bitcoin can do.


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August 20, 2017, 02:10:23 AM
 #1400

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

When one can compete with bitcoin in its own category. For example there is a developer who is genius enough to create a product similar to bitcoin, but with a different name but with the same capabilities but all above the bitcoin, and the price is below the bitcoin. That's when the investors will start leaving bitcoin and will switch to the latest technology to get something better than what bitcoin can do.

I do not think that investors would drop bitcoin like a hot potato because of a new digital currency that are similar with bitcoin.  Since it is new compared to bitcoin, how are they sure and what are the guarantees that it would be successful just like bitcoin.  Many altcoins are created with the likeness of bitcoin, but they cannot beat bitcoin.   

Bitcoin will die I guess if there would be no more internet which is impossible, and if all the 21M bitcoin would be kept that there would be nothing left to mine or be in the circulation.

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