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Author Topic: In what situation would Bitcoin die?  (Read 99748 times)
onrise
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August 22, 2017, 05:41:58 AM
 #1441

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
quick death = network hack
slower death = multiple forks, like whats going on now

Yes one of the case would be if network is being hacked or something fishy done due to which the ledger does not respond or cannot track it. Another thing will be if multiple powerful countries think that bitcoin is causing the problem to the economy due to the illegal activities done and they decide to ban it than this may lead to the crash of the prices which include countries like Japan, US. China etc.

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August 22, 2017, 05:47:00 AM
 #1442

0ne important ting will make btc die is no demand... if no demand, btc will become worthless.

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August 22, 2017, 05:57:11 AM
 #1443

for fast die. all communities dump bitcoin coin. pretty sure bitcoin will die in a second. hack can still be block or fix. but communities how they wanna fix it. if all dump being made.no one wanna buy it. absolutely die.

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August 22, 2017, 06:30:51 AM
 #1444

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.
Agree. But also problem could be in the law of every government. If the largest states join against the Crypto-currency, I think it would have bad consequences.
DreamTeamGG, I agree with you when said if the government of largest states join forces to tack cryptocurrency bitcoin could but I disagree with what Glorypaasa said if another cryptocurrency which is more better than bitcoin in the future come into crypto world bitcoin could die because has a huge potential which make various of retiree has invest their money including the big whales and common people. All people won't want to loose their investment, so they will everything to protect bitcoin.


Mind you, bitcoin halving and limit make it more bullish in future.


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August 22, 2017, 06:46:09 AM
 #1445

0ne important ting will make btc die is no demand... if no demand, btc will become worthless.
However, it is hard to happen since there are a bit amount of loyal bitcoin users. Therefore, even when most of the people abandon bitcoin, they will still use bitcoin till the end of the world. Moreover, bitcoin is used by hackers in the underworld before it is officially used by all levels of people around the planet

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August 22, 2017, 06:50:12 AM
 #1446

if all the governments of all the world joint hands together to banned bitcoins ,then only would bitcoin can come to an end.otherwise it is not gonna happen no where soon. because of its decentralization and no technology could beat because it is the first of its kind.
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August 22, 2017, 07:04:28 AM
 #1447

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.
Even if it is quite hard to say when it would happened I also think that if people will no longer use Bitcoin as an option for trading or in other word will not support it it may become a current without value in the future if it will happen. We all know that Bitcoin is aligned through the development of technology where it can brought by the support of the number of people who are open on using Bitcoin as an option for daily transactions and investments. But for now as soon as people know that Bitcoin has a future and open opportunity it is a good thing for Bitcoin because it is the moment where it will continue its development rather than to stop.

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August 22, 2017, 07:10:54 AM
 #1448

if all the governments of all the world joint hands together to banned bitcoins ,then only would bitcoin can come to an end.otherwise it is not gonna happen no where soon. because of its decentralization and no technology could beat because it is the first of its kind.
Yes. If everybody dont want bitcoin anymore thats is the time i think that we wouldnt see bitcoin again. If  no one wants it , it will be the start that the bitcoin will shutdown if no one wants it anymore but the fact that bitcoin has a many users now and many people wants it thats good.

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August 22, 2017, 07:11:39 AM
 #1449

Lack of investors i guess, is the situation that can possibly end bitcoin. I am just thinking of the situation wherein there's no investor, how can bitcoin can facilitate. And inability to process transaction of bitcoin, with that, bitcoin can stop.

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August 22, 2017, 09:11:22 AM
 #1450

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.
Agree. But also problem could be in the law of every government. If the largest states join against the Crypto-currency, I think it would have bad consequences.
DreamTeamGG, I agree with you when said if the government of largest states join forces to tack cryptocurrency bitcoin could but I disagree with what Glorypaasa said if another cryptocurrency which is more better than bitcoin in the future come into crypto world bitcoin could die because has a huge potential which make various of retiree has invest their money including the big whales and common people. All people won't want to loose their investment, so they will everything to protect bitcoin.


Mind you, bitcoin halving and limit make it more bullish in future.
Yes, it is also way, when Bitcoin could die.

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August 22, 2017, 11:48:14 AM
 #1451

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
The only situation in which bitcoin would die is if the internet shuts down which is pratically impossible. The internet is never ever going to shut down. It is an invention that came to stay and its going to stay forever so will bitcoin.


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August 22, 2017, 12:01:08 PM
 #1452

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

Bitcoin as blockchain coin cannot "die". The only thing that can happen is that there comes some new technology, better then blockchain so price would fall down since there would not be any demand. Or if some. big olayers dump price to a few satoshies. But this is almost impossible since market is in buy mode

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August 22, 2017, 12:26:33 PM
 #1453

If a good competitor emerges, then Bitcoin's survival can be under threat. But the good news is that right now there are no strong competitors around. Alts such as Ethereum and Bitcoin Cash don't enjoy the sort of popularity which Bitcoin enjoys currently.

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deddod
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August 22, 2017, 12:31:19 PM
 #1454

Some great things that make bitcoin die
1. there is a ban on the use of bitcoin by the government
2. no one uses bitcoin
3. internet dies all over the world

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Hazaki
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August 22, 2017, 12:33:39 PM
 #1455

Taking down darknet / not letting netbanks exchange it directly to fiat are possible causes for it to die .
Yet it is unlikely to happen. The train is already on the rails and can't be stopped anymore .

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August 22, 2017, 12:39:25 PM
 #1456

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Maybe if there' be continuous decrease of its demand for some reason. If the demand will fall continuously, the market value of Bitcoin will be totally low. And if this happen, maybe the end of Bitcoin will occur. But at the current state of Bitcoin on its demand and market value, it is quite impossiblr to happen, and in fact, tere are more people that are now interested to Bitcoin.
I don't think bitcoin will die because we are now in the new generation in which most of the people nowadays rely on internet. But if that thing happen, crisis or a sudden change of technology will be the reason why it will die. Since our current generation depends on internet, even jobs and everything can be done on internet that's why bitcoin will have no reason to die.


    
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secdark
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August 22, 2017, 12:39:38 PM
 #1457

Some great things that make bitcoin die
1. there is a ban on the use of bitcoin by the government
2. no one uses bitcoin
3. internet dies all over the world

Agree this are the top 3 reason why bitcoin will die . Well.eventually if government will ban bitcoin.I think the demand of bitcoin will be low but still there will be a user of it and you cant stop that. If internet dies then that is the time will likely no one is using bitcoin and there will be no cycle of it and if it is no cycle it will stop

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haji lulung
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August 22, 2017, 12:45:51 PM
 #1458

I think bitcoin will die when there are no people interested in bitcoin again. The important factor why something can survive because there are many people still interested and use that thing.

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August 22, 2017, 12:51:07 PM
 #1459

I think bitcoin will die when there are no people interested in bitcoin again. The important factor why something can survive because there are many people still interested and use that thing.
Not sure after bitcoin benefits many people then they forget and leave bitcoin for granted, it is something that can not happen. I think the only thing that makes bitcoin die is the death of the internet in the world.



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jatin729
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August 22, 2017, 01:15:49 PM
 #1460

there are situation in which bitcoin would die.
One is if internet stop working than everything would be stop, no one could be able to send and receive bitcoins.
I think bitcoin will die when there are no people interested in bitcoin again. The important factor why something can survive because there are many people still interested and use that thing.

I think govt. can't ban the bitcoin because Govt. earn money from bitcoin by taxes.
 

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