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Author Topic: In what situation would Bitcoin die?  (Read 96040 times)
borislt
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October 09, 2017, 06:27:38 AM
 #1661

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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October 09, 2017, 09:14:51 AM
 #1662

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  
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October 09, 2017, 09:18:47 AM
 #1663

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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October 09, 2017, 09:20:03 AM
 #1664

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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October 09, 2017, 09:21:23 AM
 #1665

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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October 09, 2017, 09:24:59 AM
 #1666

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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October 09, 2017, 10:06:58 AM
 #1667

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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October 09, 2017, 10:09:37 AM
 #1668

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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October 09, 2017, 10:37:03 AM
 #1669

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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October 09, 2017, 10:45:17 AM
 #1670

I think bitcoin will die if there is no more internet. because the internet may be the key to using bitcoin. sorry if my word is wrong

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October 09, 2017, 11:07:42 AM
 #1671

I don't think it will ever die because of its decentralised nature. However for everyday use, general adoption, and the price it is currently at right now, I think it would be decimated if the main FIAT countries banned all on the on/off-ramps, exchanges etc and made it insanely difficult for purchases to be made with it.
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October 09, 2017, 11:12:53 AM
 #1672

There are lots of things that could able to make bitcoin die. 1st. No one will use any cryptocurrency 2nd. There would be a new crypto that would replace bitcoin 3rd. No internet 4th. All government would ban it globally. and there are lots to mention but still we know that bitcoin wont die easily.

I agree with you, the first thing that comes into my mind about what could make bitcoin die is that if it will be banned by all the government world wide in that case it's for sure that no one will earn bitcoin because it will lose it's value. But because of the increasing number of bitcoin users that would be impossible.

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October 09, 2017, 11:13:49 AM
 #1673

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.

Yes, if each country orders to cut down or ban bitcoin then bitcoin will die.  And well in any case it will still be running but it will be called illegal.  It will die if there would be no more internet but again that would be impossible.  Bitcoin will die maybe if all the bitcoins are earned, are saved, are held and something like no one will be able to spend their bitcoins.  Because there would be no more for rotation.  Plus it will die if no one will support it anymore.

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October 09, 2017, 11:31:41 AM
 #1674

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.

I agree! In my opinion, hackers are hackers, they will do anything they can to hack not just bitcoin wallets but i assume that they will hack the bitcoins system too! After doing these things i'm sure that they will start something that could replcae bitcoin. Aside from these things we are not sure how the government and regulations will handle the continuous growth of bitcoin. If each countries governmebt decided to ban it in tgeir countries, bitcoin will die.
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October 09, 2017, 11:53:02 AM
 #1675

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  
What? I don't understand this, I don't even know any of your statement. But if I somehow understand some of it, it may happen only just in one condition. I've watched one documented video some time ago and, it explained that somewhere in the atmosphere, like stratosphere or something that, if a nuclear bomb explodes in that specific area of the atmosphere it would cause an Electromagnetic Pulse and makes all electronic devices basically get fried and won't work, its like electricity didn't even invented at all.

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October 09, 2017, 12:06:43 PM
 #1676

Bitcoin immediately die if there is no internet connection because the internet is the soul of bitcoin, rest assured that bitcoin banned without being followed off the internet will not make the user run away from bitcoin.

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October 09, 2017, 12:12:47 PM
 #1677

Bitcoin may die if the price  start depreciating without appreciating for a very long period of time, this may lead to panic and alot of people will start dumping. It may also die if there is no more usage of bitcoin anymore. With the brains behind bitcoin the possibility of bitcoin dieing is very thin.

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October 09, 2017, 12:32:25 PM
 #1678

It would only die because of the following things:
- Hacks/glitches where the system fails and btc gets lost or created for free
- Forbidden internationally

Furthermore I don't think BTC will ever fade away.
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October 09, 2017, 12:35:03 PM
 #1679

Bitcoin will Alive Until peoples are using it, Bitcoin demand will decrease if the number of users decreases.
So, I think Bitcoin will Die When people stop using bitcoin. There are another reasons, People believe in Blockchain Technology a lot, If Blockchain breaks its policy Then people can reduce their usage.

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October 09, 2017, 12:59:34 PM
 #1680

The idea behind Bitcoin (blockchain technology) will never die. On the contrary, it will only expand.
It is extremely unlikely for Bitcoin to die as everyone opposing it has a love / hate relationship with it, so it's in everyone's best interest to fight it on the surface but support it in the shadows.
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