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Author Topic: In what situation would Bitcoin die?  (Read 101125 times)
xbiv2
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September 02, 2017, 05:31:55 PM
 #1521

We have BitcoinCash.

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Akash1243
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September 02, 2017, 05:55:40 PM
 #1522

There are many situations where I could imagine where Bitcoin would die like if what an crypto currency appear which becomes even more efficient and trustworthy than bitcoins.Or what if miners are finding it difficult to gain profits from mining bitcoins then they would shift to a more profitable crpyto currency which would be sure kill for bitcoins as for transactions miners are needed.Bitcoins can also die if everyone starting holding bitcoins and not using or selling it, then there would be no circulation of bitcoins and miners would be affected and an unregulated market is always going to be doomed.But any of them happening is quite difficult.

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shinchan123
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September 02, 2017, 06:04:50 PM
 #1523

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 or any other cryptocurrency would crush if internet would be completely gone. I think it's obvious that there would be no cryptocurrency if there's no internet, which is most likely to be impossible. So, what I'm trying to say is that, cryptocurrency would be almost impossible to die, but it's probable.

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Xenoph0bia
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September 02, 2017, 06:50:38 PM
 #1524

one thing's for sure, no demand to use cryptocurrency which is not possible

I think bitcoin will die if it is found out illegal. Also if it is banned by all networks people couldn't access anymore on this site. But if bitcoin would be accepted and be legalized by the government, it wouldn't be banned anymore. I think nothing else could stop the life of bitcoin because lots of people supporting it that's why it is the strong currency among others.

I think it is possible only if there will be any rival currency which offers better features than bitcoins, and if it succeeded to earn the trust of the investors/users then it can finish the bitcoins. If there is any virus who can destroy and erase all the online data but its next to impossible at this moment.

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September 03, 2017, 05:38:39 AM
 #1525


What is certain when all is not willing to talk, search and trade bitcoin, but is it possible that it happened? It seems impossible, because every day many need bitcoin for any purposes and needs.
So when will it happen? Still a dream only.

It will happen only if there is totally internet shutdown all over the world or there is another world war!! but for now it just lucky guest! now one know if that possible to happen but before that to happen be sure to save or transfer that bitcoin to real fiat.
Total internet shutdown is not possible so it cannot be the reason why bitcoin will die, just in case. I think it will die if another currency developed that will be more useful and have better features that can make users to choose it rather than bitcoin.

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September 03, 2017, 06:11:33 AM
 #1526

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 die, when they are no people using it. Becoming worthless. No more usage of bitcoin in industry. Permanently deleted. Gone. That's how when bitcoin is die. Why? Because of it's complication, legality issues, misuse and many more that will users may don't want to use bitcoin again. When the bitcoin's value is becoming nonsense. Non profitable. Super low value
Jeger
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September 03, 2017, 06:17:02 AM
 #1527

If there is no demand for cryptocurrency, or there is a better alternative to cryptocurrency or if bitcoin is broken by quantum computers.

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ViceOfBTC21
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September 03, 2017, 06:27:33 AM
 #1528

If there is no demand for cryptocurrency, or there is a better alternative to cryptocurrency or if bitcoin is broken by quantum computers.
Maybe nothing will become better than cryptocurrency. People will always use Bitcoin regardless of price. It's mother of cryptocurrencies.
Loveydovey04
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September 03, 2017, 06:46:09 AM
 #1529

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
If we stop supporting it and needing it maybe but i doubit will happen. 

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September 03, 2017, 07:06:25 AM
 #1530

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
If we stop supporting it and needing it maybe but i doubit will happen. 

Bitcoin would die if there is no demand to it and people will not use it which is unlikely to happen because bitcoin is the one who started blockchain technology which then become an inspiration for others to follow thus having altcoins which some tried to supersede bitcoin but they just can't. Bitcoin is in demand and the most known cryptocurrency in fact others still refer to some altcoins as bitcoin as well and cryptocurrency market cap is so big nowadays that it is hard for us to imagine bitcoin being gone which started it all.

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September 03, 2017, 07:35:49 AM
 #1531

one thing's for sure, no demand to use cryptocurrency which is not possible

it is possible when the shop is close and no one can buy or sell some bitcoin.

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September 03, 2017, 09:57:43 AM
 #1532

I really doubt that the government all around the world cares about what bitcoin is. Some might not even heard of it yet. Maybe the major countries but I still doubt it because they still have issues against each other. But I guess if bitcoin becomes so mainstream that it starts getting rid of fiat and countries are starting to have problems with taxation, bitcoin will become a common enemy to the nations. And when that happens, the countries might unite and fight it.
tenakha
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September 03, 2017, 10:22:34 AM
 #1533

I don't believe that next 5-10 years bitcoin will fall down. But bitcoin's fall down may happen when other cryptocurrencies will rise or due to their fame. Also, if great hegemon countries take this issue, it will bring end of btc.

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September 03, 2017, 10:32:51 AM
 #1534

Well I think bitcoin will die if digital world collapse and we go again to stone age and start a new history. I am saying that inthe given situation these days that the technology keeps growing fast as the society embraces it,  it is impossible for bitcoin to end. As long as there are users of bitcoin,  it will never end.

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September 03, 2017, 12:20:53 PM
 #1535

I Think the only situation when bitcoin die is when internet is dead, because bitcoin using blockchain and blockchain need internet to run.
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September 03, 2017, 02:08:27 PM
 #1536

I think if we all do not accept bitcoin .. bitcoin will die. Countries that forbid bitcoin and people's beliefs are no longer with bitcoin. Bitcoin is no longer safe and hackers will attack bitcoin sites and phishing will take place

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September 03, 2017, 02:23:30 PM
 #1537

I think in the case of the internet will go down in the hole world. And the people stop mining at the same time.
Which is totally impossible.
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September 03, 2017, 02:26:31 PM
 #1538

A more function coin wih higher security and most important is great marketing on new coin, so the coin may conquer part of market share of bitcoin.
If this continue, the market share of Bitcoin may drop to unacceptable low so people left it.
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September 03, 2017, 02:29:03 PM
 #1539

O think btc will only die if theirs another cryptocurrency or other coin that will surpass and will beat the btc in terms of the popularity and kmnowledge of people and also the investors,the one cryptocurrency that is threatening bitcoin is Ethereum,when ethereum increase and will be known their will be two situation its either bitcoin will decrease in value and die or bitcoin and ethereum will be both known.
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September 03, 2017, 04:06:21 PM
 #1540

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin will never die. The most important thing for a commodity to gain recognition as money is trust and acceptance of society. Bitcoin is such as miracle in millennium century and people are love it. So as long as people are need it bitcoin will never die. People will always need bitcoin.

Indeed.  Bitcoin will never die.  Its price right now is $5000 so it is hard to think that it will die.  It will die obviously if there would be no internet, which is also impossible to happen.
Why people keep on saying that the price is 5k dollars, it is not. Bitcoin is going to touch this value within this week but at the moment it is 4770 dollars and growing at a rate of 100 dollars per day almost. As far as its death is concerned, that is just a joke.

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