barabut
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September 26, 2017, 04:51:42 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?
For legality issues it is a wide spectrum, I am not totally aware of that we should ask the legal experts but for value wise or different technology wise it is not that easy to die. The reason is still the value is correlated with some how demand and supply and the volume is deep enough to die it might be decrease too lower levels but never be zero I guess, technology wise it is technically possible but not practically, we should wait to see what will happen during the fork, next month.
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Colt81
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September 26, 2017, 05:06:29 PM |
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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.
Actually, there is a possibility that bitcoin would die of every country decide to banned it. We all know that if no more people using bitcoin it will probably die and if the internet was turned off it will also die. Lastly, I hope it would not happen because it has negative effect to all bitcoin users.
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cherryganda
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September 26, 2017, 05:07:42 PM |
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SHUTDOWN the internet in the whole world! spread all over virus throough all computers before doing that (for anohter security then shutdown the electricity all over the world .. and never turn it on!! EASY!!
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longpro098
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September 26, 2017, 05:14:58 PM |
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I think Bitcoin will never die because Bitcoin is getting stronger day by day and a lot of new users are using Bitcoin and most people are considering Bitcoin as the future of the currency and we know the price increases. a strong thing and with Bitcoin now there are so many new bitcoin users it will never let bitcoin die in my opinion.
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lllaqpt
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September 26, 2017, 05:33:00 PM |
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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.
Actually, there is a possibility that bitcoin would die of every country decide to banned it. We all know that if no more people using bitcoin it will probably die and if the internet was turned off it will also die. Lastly, I hope it would not happen because it has negative effect to all bitcoin users. I do not believe that the Internet will be disconnected all over the world. And I do not believe that everything from the country can be prohibited by bitcoin. This is very difficult to do. Bitcoin will not leave people's lives anymore
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Sergerant_Sarcasm
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September 26, 2017, 06:14:59 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?
Maybe a big security flaw. But it can be revived with a hard fork, so probably not
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StarofBTC
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September 27, 2017, 07:37:40 AM |
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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. When all the countries of the world ban on bitcoin. Secondly if people stop to invest in bitcoin then definitely bitcoin will die but it is looking impossible to me as the number of investors as well as the quantity of investment is increasing day by day and it is obvious and crystal clear that the increase in investors and investment indicates the long and non terminating life of bitcoin.
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Mobshady24
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September 27, 2017, 07:46:42 AM |
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no more demand, former investors backing out, insufficient incoming investors, world war (maybe?), new type of currency that could beat cryptos, attack and shutting down of blockchain. These are possible events that might end up bitcoin being use and trade. But all are these are just theoretical so we will see in the near future the end of bitcoin.
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The Cryptologist
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September 27, 2017, 07:47:01 AM |
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I only see it that it would happen if apocalypse really destroys most of our planets' habitats and resources. There's no way that bitcoin still has use on that situation.
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Maheshkumar_Hrangkhawl
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September 27, 2017, 07:52:18 AM |
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I only see it that it would happen if apocalypse really destroys most of our planets' habitats and resources. There's no way that bitcoin still has use on that situation.
Nope. There can be many other scenarios. Imagine what will happen if a better competitor emerges and starts replacing the Bitcoin. Or imagine what will happen, if the hackers are able to crack the private keys to the Bitcoin wallets in the distant future.
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Kamal87
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September 29, 2017, 06:31:21 PM |
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borislt
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October 09, 2017, 06:27:38 AM |
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I feel bitcoin will continue to expand in many international locations such as the progress of charges carry on to riseAnd bitcoin will not be replaced as the greatest digital forex that has a great cost so that it can sajajar with actual currency.I'm utilizing bitcoin for organization functions as nicely as my investing business
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fedora8
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October 09, 2017, 09:14:51 AM |
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I feel in situation if the electrons out of the blue refuse to operate all above the world, Bitcoin would die. As effectively as a milk in your fridge Â
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leexhin
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October 09, 2017, 09:18:47 AM |
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I think it would die or stop if the government cut down or totally shutdown the internet . That's the only situation that I could think of that would make the bitcoin die.
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bitcoinsocial09
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October 09, 2017, 09:20:03 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?
I think bitcoin would die when all the countries of the world will ban the bitcoin. And also, if people will stop to invest in bitcoin then definitely bitcoin will really die in that time. But I know that it is impossible that bitcoin will die. Because I now that number of investors will truly love bitcoin and they will just continue in bitcoin so bitcoin will really not die. And also some people also loves bitcoin with its high profits.
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Altas
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October 09, 2017, 09:21:23 AM |
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I think it would die or stop if the government cut down or totally shutdown the internet . That's the only situation that I could think of that would make the bitcoin die.
Such a situation never prevails, because each and every form of administration or the sectors have a dependence over the internet. So it's not that easy to cut down the internet usage. If every government join hands together, then there might be a possibility to think of the death of bitcoin.
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shesheboy
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October 09, 2017, 09:24:59 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?
if there were no internet or has a permanent black out all over the world then that would stop bitcoin and other coins from working because cryptocurrencies are mainly online and without an internet connection or data , it is impossible for us to use it unless they can make an offline version of the coins or they can embed it on paper and metals just like in a fiat money and pennies.
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Restmand
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October 09, 2017, 10:06:58 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?
i've been thinking in what way or what situation will bitcoin die, and i realize that the situation it when all country was united to banned bitcoin. its the only way that bitcoin can die (in my opinion, but if you're have an opinion or idea then i should listen to you) the example is when china is banned the bitcoin in their country. it has a big impact in the bitcoin the price of bitcoin will suddenly falling down. and why if the all country will banned it ? why it is value ? im sure if the bitcoin banned in all country it will destroy, it will die
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calxibe
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October 09, 2017, 10:09:37 AM |
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I think the biggest danger is regulations, just look at what happened when China temporary banned ICO’s. If this had happened in many other big countries at once we would have had big problems.
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pragna
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October 09, 2017, 10:37:03 AM |
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There is nothing in this world that which will stable until the end of the world. The world will also destroy once a day. So bitcoin may die when more superior of bitcoin come to the market which will kick bitcoin into the dustbin. Otherwise it is impossible.
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