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DoublerHunter
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August 20, 2017, 08:26:19 AM |
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Only possible scenarios that I could think of would be the end of money (which is unlikely), higher technology that would make blockchain tech obsolete, big change in economic and financial zeitgeist all over the world, and possibly non usage by all.
I think we are too long way for that ,bitcoins is not totally at its existence and it might be our future money in online as internet is also growing, i only think how about the poor ones who can't afford to buy a cellphone so that they can use bitcoins and any others in the society. First bitcoin is growing and growing, it may be very long time to survive. And secondly if bitcoin or blockchain technology is abandoned due to obsolete, i think it is wrong. Bitcoin and blockchain technology will continue to evolve according to the times, just as hardfork and segwit it is an example of bitcoin development that follows the circumstances and times At the success we are seeing now and it's growing then for sure it's hard to stop bitcoin. Maybe we can see it will die if the biggest authority in this world which is the government will totally ban bitcoin. That is something we can't do anything with because they have the power to do it. But we don't need worry about this issue, Japan, Korea are the first country accept Bitcoin is legal, is new payment gate and asset for their country. I think other rich country as United Kingdom or United States skip the opportunity helps their economy give to other country in Asia. If bitcoin will work to continue improving itself then those two countries will change their mind and they will accept bitcoin just like the other country did. Those are big countries so it is not that easy for them to please about bitcoin and they will not eventually accept it if they will not see any valid reason to accept it but if they will see other countries in Asia that are doing good with bitcoin then they will follow them. |
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wellsontheja
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August 20, 2017, 08:43:21 AM |
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When the developer was gone
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ontimepass
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August 20, 2017, 08:54:03 AM |
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it could be when the most of the people will misuse openly and that for most of the country will ban it. ( It will depend on our usage).
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mornabo
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August 20, 2017, 09:18:08 AM |
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On my own opinion bitcoin will die if world war three starts global economy will surely decrease or drop down. No ivestments, no tradings because of the situation.
Nope I think bitcoin will get more popular in World War 3 if it happens. Chaos will happen when it happens a lot of robbery, theft, etc. Then to save the wealth of course there will be many people who store in digital currency which can not be reached by robbers. And many people would definitely choose to save their wealth in bitcoin |
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ivrynx
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August 20, 2017, 09:49:18 AM |
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i think this is out of the question, but I see bitcoin dying is far from reality, even if people will not acknowledge bitcoin, bitcoin will still be there and can be use for transactions, even if there is no internet, there are still LANs that is available for transactions of bitcoins, bitcoins being lost through your wallet or being thrown out because you threw your hardware, still you can recover those data. But if you are trying to say bitcoin dying, like people are not using it anymore, I think you need to check your history, bitcoin is considered digital gold, and there is a reason why is it so. Just look at gold today and its history, if everyone else knew that gold will be that precious, everyone will have it, not only major banks, but since bitcoin is gold 2.0 and everyone as of now can access bitcoin, we need to take advantage, it will not die, even if we don't use it, it will just increase more in value, and just like gold, its all all about supply and demand for now.
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ophyrim
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August 20, 2017, 10:05:47 AM |
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If the internet does not work bitcoin will die.
If the people will not use bitcoin in their real life bitcoin will die
If one that they will find a way to hack blockchain system, bitcoin will die
If everyone in the world will become aware of many altcoins and they use altcoins instead of bitcoin, bitcoin can die.
But I am sure bitcoin will survive many years
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badungs
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August 20, 2017, 10:10:49 AM |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
when no one use bitcoin, include price of bitcoin drop and alt coin price grow up. and when bitcoin die it will replace by other coin that have more people interested. |
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ethereumhunter
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August 20, 2017, 10:57:57 AM |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
when no one use bitcoin, include price of bitcoin drop and alt coin price grow up. and when bitcoin die it will replace by other coin that have more people interested. yeah without people using bitcoin, bitcoin will not stay like now and people will be leave bitcoin if suddenly the price is drop like the first time launched. i don't know with the other coins, but i think there will be another coins which have many benefits to people will be the leader and lead the crypto currency world. |
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yoonah
Full Member
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Activity: 231
Merit: 100
Presale is live!
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August 20, 2017, 12:18:32 PM |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
when no one use bitcoin, include price of bitcoin drop and alt coin price grow up. and when bitcoin die it will replace by other coin that have more people interested. yeah without people using bitcoin, bitcoin will not stay like now and people will be leave bitcoin if suddenly the price is drop like the first time launched. i don't know with the other coins, but i think there will be another coins which have many benefits to people will be the leader and lead the crypto currency world. Yes if people will stop using bitcoin then the price will go down and then it will die but I think people will stop using bitcoin since we can use bitcoin to make transaction easy. |
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Wapfika
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August 20, 2017, 12:30:51 PM |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
when no one use bitcoin, include price of bitcoin drop and alt coin price grow up. and when bitcoin die it will replace by other coin that have more people interested. yeah without people using bitcoin, bitcoin will not stay like now and people will be leave bitcoin if suddenly the price is drop like the first time launched. i don't know with the other coins, but i think there will be another coins which have many benefits to people will be the leader and lead the crypto currency world. Yes if people will stop using bitcoin then the price will go down and then it will die but I think people will stop using bitcoin since we can use bitcoin to make transaction easy. Bitcoin usets and holders will not going to abandon btc unless its service gets poor as its popularity increases. But since theres correction happens sometime then btc will exist forever. |
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Andre#
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August 20, 2017, 12:33:19 PM |
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Only possible scenarios that I could think of would be the end of money (which is unlikely), higher technology that would make blockchain tech obsolete, big change in economic and financial zeitgeist all over the world, and possibly non usage by all.
I think we are too long way for that ,bitcoins is not totally at its existence and it might be our future money in online as internet is also growing, i only think how about the poor ones who can't afford to buy a cellphone so that they can use bitcoins and any others in the society. First bitcoin is growing and growing, it may be very long time to survive. And secondly if bitcoin or blockchain technology is abandoned due to obsolete, i think it is wrong. Bitcoin and blockchain technology will continue to evolve according to the times, just as hardfork and segwit it is an example of bitcoin development that follows the circumstances and times Bitcoin and blockchain technology just starting the revolution change of payment and financial system on the world's. For me, still very soon for predict Bitcoin will die by the reason Bitcoin and blockchain are obsolete. |
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FabulousZombie
Member
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Activity: 65
Merit: 10
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August 20, 2017, 01:23:40 PM |
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I dont think we will come to this at all.
Moreover i think its like "the future" .
Just how Newspaper came to our life slowly and then getting replaced by phones and screens when everyone thought it was weird ! Its the exact same thing (those 2) .So I guess the same will happen with real life currency and Bitcoin.
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suzanne5223
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August 21, 2017, 12:25:58 PM |
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Bitcoin base on the developer and mining network. Since, we have the developer and miner working collectively, there's no reason why bitcoin will die. Therefore, one of the situation which could make bitcoin actually die would be if nobody was willing to operate the mining infrastructure or developing a new software.
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Glorypaasa
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August 21, 2017, 12:49:27 PM |
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I dont know if what year bitcoin will die but i ithink if in the futute have a new technology ,cryptocurrency much better and high than bitcoin i think that is the one reason that bitcoin will die and if many people dont use use or invest in bitcoin.
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Fretcy
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August 21, 2017, 01:04:36 PM |
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I don't think that situation will ever happen, that will happen only if people stop using cryptocurrency which is not going to happen. This whole crypto community has changed the entire financial system of the world, which is for the betterment of the universe, this system can help to eradicate poverty and change their livelihoods.
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RomanPetrush
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Activity: 630
Merit: 123
Join @Bountycloud for the best bounties!
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August 21, 2017, 01:16:42 PM |
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I think, there is no way to get Bitcoin die, it could happen only if the internet will be lost. But big structures as our government, find the blockchain useful. So Bitcoin will change.. but not die.
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Allan Ramanda
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August 21, 2017, 01:19:12 PM |
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I think bitcoin will die can be caused by the price is very down and the possibility of other altcoin that will replace it, and could also when the government decided to ban bitcoin trade worldwide
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glastik
Member
Offline
Activity: 100
Merit: 10
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August 21, 2017, 01:23:24 PM |
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i think when there is more advanced technology than bitcoin so bitcoin started a left, so bitcoin still exist but very little user use bitcoin
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CoinOp
Member
Offline
Activity: 88
Merit: 11
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August 21, 2017, 01:24:33 PM |
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I have heard that if many governments ban it, it will be much harder for it to grow and go mainstream.
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lady Royal
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August 21, 2017, 01:32:05 PM |
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I think bitcoin will die can be caused by the price is very down and the possibility of other altcoin that will replace it, and could also when the government decided to ban bitcoin trade worldwide
You have not gave any solid reason, Why Bitcoin will die? only rumors. I think, there is no way to get Bitcoin die, it could happen only if the internet will be lost. But big structures as our government, find the blockchain useful. So Bitcoin will change.. but not die.
And how is this possible internet is never going to die. Bitcoin only die if the users start using some altcoin and stops the use of Bitcoin which can may happen. There are peoples who are always working behind Bitcoins price and all the things and they will never let Bitcoins die so easily. Also, All the users here uses Bitcoins and the users are going so, it is stupid to think that it is gonna die. |
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