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Author Topic: In what situation would Bitcoin die?  (Read 99568 times)
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September 15, 2017, 02:31:28 PM
 #1601

I think Bitcoin will dead if every country decides to ban Bitcoin permanently. Then, there will be no more people using Bitcoin because they might be arrested in this condition. And bitcoin can also be dead if there are a new cryptocurrency which is more profitable, more advance and can fix most of the bug of bitcoin. In the future, there will be more cryptos qualifying these facors.

I agree with you. That is my worst nightmare for bitcoin to get banned by almost all the major countries or all the countries that has a power and huge effect on most of the smaller countries than them and if they are going to ban bitcoin then the price of bitcoin will just go down and it will become useless since there is no user for bitcoin.

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September 15, 2017, 02:53:40 PM
 #1602

I think Bitcoin will dead if every country decides to ban Bitcoin permanently. Then, there will be no more people using Bitcoin because they might be arrested in this condition. And bitcoin can also be dead if there are a new cryptocurrency which is more profitable, more advance and can fix most of the bug of bitcoin. In the future, there will be more cryptos qualifying these facors.

I agree with you. That is my worst nightmare for bitcoin to get banned by almost all the major countries or all the countries that has a power and huge effect on most of the smaller countries than them and if they are going to ban bitcoin then the price of bitcoin will just go down and it will become useless since there is no user for bitcoin.
we see now that Chinese rumors banned Bitcoin make the price of Bitcoin down about 45%. I can not imagine if the whole country forbids Bitcoin, really you say it is a nightmare.


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The Alchemlst
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September 15, 2017, 02:56:24 PM
 #1603

Maybe if somehow there is a great security threat related to bitcoin that will affect it reliability as a currency that may cause people to stop investing or using it.

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September 15, 2017, 07:27:21 PM
 #1604

Anything happening so quick will attract the eyes of government. If bitcoin price has increased gradually, government would have not given a shit about it. Since the price of bitcoin increased drastically, it caught into the eyes of the government. I would not blame the government. Rather i would blame the people. Whenever some opportunity arises, people just go and fall for it immediately.  When people noticed the bitcoin growth, many people purchased huge volumes in a hope  the price will go even further up. Because of huge volumes of buy, the price increased very quickly. Because the price went above the gold, it caught into the eyes of government.  Every government wants their fiat money to be preferred by the people, because government has control over it. So government will not be interested on these cryptocurrencies. 

Anytime government can restrict cryptocurrencies in their respective countries. When the major countries restrict, it is going to be a crash for sure.

But as of now we have relief because japan is supporting bitcoin which does a huge volume. Hope other major countries too support the bitcoins.

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September 15, 2017, 07:52:58 PM
 #1605

I think only underlying technical failure would manage to kill Bitcoin.

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September 15, 2017, 07:57:38 PM
 #1606

I think only underlying technical failure would manage to kill Bitcoin.

may be

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September 15, 2017, 08:24:20 PM
 #1607

so far bitcoin is much in the lyrics by any country and some of them want to have bitcoin, since the news about bitcoin ranging from the theft of bitcoin through chat any lot of the hacker by hackers but it is easy to overcome only that we always think if bitcoin is exposed to a big security threat and it could just turn off bitcoin but I'm sure bitcoin will still stand up to decades because only bitcoin is easy to make transactions..

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September 15, 2017, 09:13:06 PM
 #1608

the most important thing is that no one else uses crytocurrency, I think that's where it ends.

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September 15, 2017, 10:14:28 PM
 #1609

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 would only die if there is no internet and if theres a black out worldwide, because bitcoin is mainly online or a digital money. so if you cant acces online then you cant use bitcoin unless you have an offline wallet or a paper wallet but i think it still useless because transaction still use internet conection.

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September 16, 2017, 05:47:06 AM
 #1610

Probably, when people stop investing to bitcoin because no money will enter the bitcoin community and it will make no money for the members who joined bitcoin world. Also, if there would be no progress, it will surely die.

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September 16, 2017, 06:16:31 AM
 #1611

Nobody knows. Recent events demonstrated that things which nobody expects keep happening all over the world without any control. In such environment bitcoin can die 

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September 16, 2017, 06:18:34 AM
 #1612

Bitcoin would die if the internet died. Bitcoin would die if government seized exchange funds and sites and closed them down. These are the only 2 ways I see Bitcoin dying at all.
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September 16, 2017, 08:39:59 AM
 #1613

Bitcoin is a cryptocurrency so it means it uses internet for it to be transferred or to be used.I think that if the internet dies,bitcoin will be very much affected.Not only the bitcoin but all the cryptocurrencies out there.
If that would ever happen the eventually the economy of every country will also going to have a drop down, or worse currency would be not so relevant anymore. If you would think about it internet is the heart of communication is it not? So If it really happen all the transaction of other countries is not gonna as relevant as it was, although we still have radio communication still internet is the one thing that made it even more stronger and easier.
I think the only thing that will end Bitcoin is if the community rejects the “power tech stock”* and everyone decides to move on, with the exchangers and all bitcoin platforms being shot down and deleted from the Internet; everything about bitcoin will then end. If not that way, then no other way for it to end.

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September 16, 2017, 08:47:06 AM
 #1614

I think that bitcoin can disappear only when it loses interest among users, but now it's too early to think about it, as many have not even heard of it, and most are interested in earning with bitcoin.

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September 16, 2017, 09:36:31 AM
 #1615

I think that bitcoin can disappear only when it loses interest among users, but now it's too early to think about it, as many have not even heard of it, and most are interested in earning with bitcoin.
Bitcoin will die if no one is interested to use it and if the internet stops functioning. But I think bitcoin will not die as of this time. And I guess it won’t happen either.
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September 16, 2017, 11:24:02 AM
 #1616

i think crypto will not die atleast for some time. 

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September 16, 2017, 06:50:59 PM
 #1617

I believe in situation if the electrons suddenly refuse to run all over the entire world, Bitcoin would die. As effectively as a milk in your fridge  
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September 16, 2017, 07:13:48 PM
 #1618

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



I dont know. what I know of bitcoin is a coin that has advanced technology that distinguishes it with allcoin.
if a decline occurs, it is a risk to the people involved.

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September 17, 2017, 04:22:33 PM
 #1619

it may die, when all the governments ban cryptocurrencies. 
Yes you are right and I am very sure that the government of the country is not going to do this. So almost all huge countries are using bitcoin and they are not ready to ban bitcoin so it could be the reason if they stop using bitcoin and it is not possible yet only one or two countries can make it ban as china want to do but not the whole world so bitcoin can never die. Not in my country at least.

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September 17, 2017, 06:34:20 PM
 #1620

it may die, when all the governments ban cryptocurrencies. 
Yes you are right and I am very sure that the government of the country is not going to do this. So almost all huge countries are using bitcoin and they are not ready to ban bitcoin so it could be the reason if they stop using bitcoin and it is not possible yet only one or two countries can make it ban as china want to do but not the whole world so bitcoin can never die. Not in my country at least.
it won't happen immediately. but in future it won't be a surprise if it happens

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