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Author Topic: In what situation would Bitcoin die?  (Read 95094 times)
jennywhzz
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September 04, 2017, 03:50:11 PM
 #1561

If some powerful countries which are power houses in world economy and politics declares that they are not accepting bitcoin as a valid currency in the future for any reason, bitcoin can see the bottom. I don't see any other reason for bitcoin to go down other than that.

And if you remember  bitcoin had some downs like 20-30% back in 15-20 June. That shows us bitcoin is not immortal or untouchable . It is of course trust worthy till some point but it would be wise to not trust anything 100%.

So it would be better to spread your investments to some alt coins as well.

Bitcoin cannot die even if the world super power declare it illegal or if the handful of countries stop using bitcoin as a medium of transactions.  The reason for this is that bitcoin is not controlled by anyone and it is not anyone's property and hence no regulation can be applied to it. This is the currency of people and it will keep on running till the last man of the earth uses it.  Smiley




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September 04, 2017, 05:52:16 PM
 #1562

Solar flare could cause global power loss and thus digital currency becomes worthless.

Worst case. Shocked
yes you are right that bitcoin can never go down because it is depended on the digital world and it is increasing as the value and the price of the bitcoin increasing in this case it is impossible to see bitcoin dead the only case we can suppose bitcoin dead is if they start taking large fees with low transaction because a lot of people are investing in bitcoin and they use bitcoin for the reliability so if they will found it difficult and slow they might quit using bitcoin.

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September 05, 2017, 10:10:49 AM
 #1563

If some powerful countries which are power houses in world economy and politics declares that they are not accepting bitcoin as a valid currency in the future for any reason, bitcoin can see the bottom. I don't see any other reason for bitcoin to go down other than that.

And if you remember  bitcoin had some downs like 20-30% back in 15-20 June. That shows us bitcoin is not immortal or untouchable . It is of course trust worthy till some point but it would be wise to not trust anything 100%.

So it would be better to spread your investments to some alt coins as well.
Bitcoin go up and down and it does not mean that it will End or Die. Bitcoin can never ever die. The only situation can be a big flaw in the blockchain technolgy itself making bitcoin down to zero, but of course it will not happen. Bitcoin has been for 9 years and will contuine  to live forever.


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September 05, 2017, 10:19:48 AM
 #1564

If some powerful countries which are power houses in world economy and politics declares that they are not accepting bitcoin as a valid currency in the future for any reason, bitcoin can see the bottom. I don't see any other reason for bitcoin to go down other than that.

And if you remember  bitcoin had some downs like 20-30% back in 15-20 June. That shows us bitcoin is not immortal or untouchable . It is of course trust worthy till some point but it would be wise to not trust anything 100%.

So it would be better to spread your investments to some alt coins as well.
Bitcoin go up and down and it does not mean that it will End or Die. Bitcoin can never ever die. The only situation can be a big flaw in the blockchain technolgy itself making bitcoin down to zero, but of course it will not happen. Bitcoin has been for 9 years and will contuine  to live forever.
It's hard to say forever because bitcoin still a risky investment, it could continue to exist but with people losing its interest it will surely die.
Bitcoin is decentralized and we are the owner of a certain portion if we are holding a bitcoin and when decide not to use it the value will drop until it will become worthless.

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September 05, 2017, 10:25:12 AM
 #1565

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 the most important thing that bitcoin would end is that if technology would be nothing. Technology is a thing that makes everything online works. I believe bitcoin wouldn't end because technology has been rampant right now.

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September 06, 2017, 01:32:02 PM
 #1566

I guess 51% attack could. If someone had enough resources to control more than a half of the bitcoin network - he might destroy bitcoin at will.
But in my opinion it doesn’t make any sense because this one should invest an enormous amount of money in something he will immediately kill.  Undecided
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September 06, 2017, 01:46:16 PM
 #1567

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 will die or lost if its medium will die also. And what is the medium of the Bitcoin and other cryptocurrency? Bitcoin is an online money or virtual currency etc. So the medium of Bitcoin is the Internet in which we can use Bitcoin online for transaction, investing and any other related thing about it. So that if Internet will gone there is no Internet or Online Money also.

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September 06, 2017, 02:08:39 PM
 #1568

The situation that will make Bitcoin die is something big. Like the world war, and the disaster that hit the main server Bitcoin. And I hope something like this does not happen to Bitcoin.

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September 06, 2017, 02:50:26 PM
 #1569

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

When the life cycle is over.
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September 06, 2017, 03:45:25 PM
 #1570

When the world becomes beautiful,
when the mankind becomes perfect, completely selfless, completely noble, completely self-sacrifice, completely given without seeking return, no longer deceive, no longer lie, no longer greed and fear.

Then the Bitcoin will die.

Or, bitcoin will grown fast like fungi or cancer, no one can stop it.

Someone said if the world situation goes very bad, the bitcoin maybe die, I don't agree,
The bad things is the best nutrition of Bitcoin.
The more bad situation around, the more ugly human nature raise. And the more vitality bitcoin obtain.
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September 07, 2017, 05:43:01 PM
 #1571

Perhaps bitcoin will die when a awful catastrophe attack the total world and make all the program down or if you want the great motives probably it will die if you will find no electrical power anymore. But the finest likelihood that can come about is when some people accomplishment to develop a method or virus to make bitcoin worthless.
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September 07, 2017, 06:02:24 PM
 #1572

We believe in positive things. Every time we want to be a profitable marketer or person.
So it is very hard to say, in what situation would bitcoin die?
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September 09, 2017, 05:20:10 AM
 #1573

The situation that will make Bitcoin die is something big. Like the world war, and the disaster that hit the main server Bitcoin. And I hope something like this does not happen to Bitcoin.
The use of the bitcoin stops only when I see the internet is not working so for me bitcoin can never die but if the internet will disappear from the world then it will make bitcoin die and the other reason is if the users of the bitcoin will decrease then the bitcoin will be dead but as the time passing the bitcoin users are increasing in the number a lot of people are using bitcoin and no chance for the internet to stop so bitcoin will never die indeed.

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September 09, 2017, 05:33:29 AM
 #1574

I think when some kind of bad news happen like Korea nuclear test on Japan or some type of related news happen then in effect Bitcoin would die and also a bad effect on it price.

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September 09, 2017, 07:52:43 AM
 #1575

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 the most important thing that bitcoin would end is that if technology would be nothing. Technology is a thing that makes everything online works. I believe bitcoin wouldn't end because technology has been rampant right now.
I am hundred percent sure that it will never die in any situation. Because people are buying more and more why? Because it is the future digital currency. So I think this topic is just for depressing the people who have invested their hard earnings in bitcoin and nothing else.

How it will die and what will be the reason. I do not understand these phenomena. Just keep buying and hold bitcoin in your wallets, and it will give you a huge profit in the future.

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September 09, 2017, 03:48:26 PM
 #1576

I guess 51% attack could. If someone had enough resources to control more than a half of the bitcoin network - he might destroy bitcoin at will.
But in my opinion it doesn’t make any sense because this one should invest an enormous amount of money in something he will immediately kill.  Undecided
Then why did you even have a though about that if it doesn't make any sense? Now I'm confused.

If a person holds 51% of the overall numbers of Bitcoins so to speak, he still doesn't have the ability or the authority to manipulate Bitcoin itself. Since it is decentralized - making it more harder to crack the code. Although you cant track all the transactions in the blockchain to see if a person really have that amount (I mean who does that? Even if you can do that, who the heck does that? A stalker maybe? I don't know), still it will not be enough to manipulate this cryptos only by one person, and to the fact that even the government couldn't crack it (they have hackers and all the resources they need).

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September 09, 2017, 04:09:39 PM
 #1577

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.
Well, I agree that if everyone stops using bitcoin it will die. However, I think it will not die easily and as of now bitcoin become more popular and famous. In addition to that, as you can see no one can predict what will happen in the bitcoin in future but I believe that bitcoin would not die.

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September 09, 2017, 11:16:37 PM
 #1578

I feel bitcoin will proceed to grow in a lot of nations around the world these kinds of as the progress of rates keep on to riseAnd bitcoin will not be replaced as the biggest electronic forex that has a wonderful price so that it can sajajar with actual forex.I am making use of bitcoin for business functions as effectively as my trading organization
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September 10, 2017, 12:56:47 AM
 #1579

Global scale EMP. That bomb kill electronic device. Private keys will stiil exist in digital world, but human realm disconnected to digital.

This disaster not only affect crypto… but also influence every aspect

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September 10, 2017, 01:10:55 AM
 #1580

Only of the internet was taken offline. I think we will have more problems to worry about then Bitcoin. Alot mist happen before bitcoin dies. That is how well bitcoin works.
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