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Author Topic: In what situation would Bitcoin die?  (Read 95978 times)
zollyharvan
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October 14, 2017, 08:54:10 AM
 #1681

maybe everyone has stopped or if in some ways becomes useless, here are two situations that I think that can make a child die. But I do not know what the reason is that people are used to it and bigger all the time.
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October 14, 2017, 12:47:54 PM
 #1682

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.
Yes, the demand is the reason for the life of bitcoin and it will become the reason for its death also. If the people will see bitcoin as a useless currency then they will abandon it and they will dump their bitcoin completely and it will drags down the price of bitcoin and it will become worthless and it will just become a part of the history of the currency.

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October 14, 2017, 01:00:26 PM
 #1683

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

It is Economics 101, the rule of demand and supply. When all crypto have been mined, its value will stabilize or decreased rapidly. The finite supply would create a stable ratio to fiat money. And if the demand decrease, it's value will also decrease. But I don't see the decrease of the demand in the bitcoins in these days.

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October 14, 2017, 01:10:51 PM
 #1684

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

I would say legality issues is the biggest concern, imagine the BTC issue is bring upon those countries meeting, any FUD or decisions would bring a massive impact that might wipe Bitcoin on the surface. Value wise is unlikely for now as people are holding it for greater good, technology? nahhh i think more people are looking BTC as a investment rather as technology/ideas... noticeable upgrade on Bitcoin are just mere news for people to raise their price only.

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October 14, 2017, 01:22:33 PM
 #1685

maybe everyone has stopped or if in some ways becomes useless, here are two situations that I think that can make a child die. But I do not know what the reason is that people are used to it and bigger all the time.
The second option is the most logical, pretty simple and practical thing that would happen. I mean if that coin would be useless in many platforms then, it will surely die and people who are using it will just gonna go and throw away that coin.

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October 16, 2017, 02:22:52 PM
 #1686

I believe in situation if the electrons all of a sudden refuse to operate all over the globe, Bitcoin would die. As properly as a milk in your fridge  
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October 16, 2017, 03:23:51 PM
 #1687

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

It is Economics 101, the rule of demand and supply. When all crypto have been mined, its value will stabilize or decreased rapidly. The finite supply would create a stable ratio to fiat money. And if the demand decrease, it's value will also decrease. But I don't see the decrease of the demand in the bitcoins in these days.
An asset has limits supply and popular with our life never decreases its price easily. Of course, the price of Bitcoin in that time will be stable and do not have many volatilities as now. Even, someone or any rich group, company ... can fixed the price of Bitcoin in that time.

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DBronze98
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October 16, 2017, 03:32:08 PM
 #1688

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
my opinion . If we sell the BTC and no one buys BTC anymore, BTC will die . But I think BTC will not be able to die. Because BTC helped me and many others make a lot of money

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moinul018
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October 16, 2017, 03:41:12 PM
 #1689

Technically bitcoin cannot die until miners are there with the total ledgers. It can survive in a worldwide internet crash also. Just have to start the blocks where it left off.
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October 16, 2017, 03:52:27 PM
 #1690

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

It's not possible for bitcoin to die but let's suppose how it might happen.
-If the miners somehow stop mining.
-If someone hacks into the bitcoin network.
There are many others ways but these are enough for this topic

Bro, your answer makes no sense.

First you say it is not possible for Bitcoin to die.

Then you say "let's suppose how it might happen".
Right on the spot mate. It really is sound confusing in the sense that you agree that Bitcoin would not die because of some reasons and then at the end you will say, that let's think how it might happen? But then again if you would read it as understandable as you could be it goes something like this:

"It is not possible for bitcoin to die, but let's think how it might suppose to happen."

Something like that, I guess.
Well i think he means bitcoin can die but he just not want us to feel bad that is why he is telling it that way and also i personally think that bitcoin can die if everyone started earning bitcoin instead of working this way the government will try their best to shut bitcoin down.
AmXProX
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October 16, 2017, 03:59:03 PM
 #1691

when no one is solving the blocks anymore, by that scenario bitcoin can't be transfered from one user to another.


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barcanigga
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October 16, 2017, 04:04:01 PM
 #1692

I don't think value decrease will kill bitcoin as of now but yes, one thing will surely kill bitcoin, is the government. Only the government has the power to kill bitcoin for their own country.

If the government steps up and start cracking up bitcoin users of their own country, then bitcoin would die and market cap will start getting decreased. I don't see any other reason for bitcoin to die soon enough.
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October 20, 2017, 11:45:59 AM
 #1693

I think the only thing that could kill bitcoin at this point would be if another coin came out that had universally better software and features.
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October 20, 2017, 11:58:20 AM
 #1694

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

The reason if ever bitcoins or any other  crypto currency will lose its market value is the decrease of its demand in the online market. It is very crucial since it is only the hype of these online currency makes it expensive. Crypto currencies is pretty much legal to most countries and hopefully they stop banning it anymore in the future.

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cryptofuturologist
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October 20, 2017, 12:08:44 PM
 #1695

I think it is the end of bitcoin in the sunshine moning, when all marketplaces are crashing and current financial system is bursting.
soon we get to know the quantum computer has been developed)

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October 21, 2017, 06:00:22 PM
 #1696

I think the only thing that could kill bitcoin at this point would be if another coin came out that had universally better software and features.

Which is basically like all the altcoins out there, ain't it? It's obvious that they aren't going near bitcoin especially the coins that are under ETH contract. Once ETH goes down, they are also going down. ETH was believed to replace bitcoin and that belief has even grown stronger when ETH has pumped up to 1.2BTC each. Sad for the ones who tried to chase the pump and bought at a really high price. One thing that I'm kinda certain about. Bitcoin is not going to be replaced by another cryptocurrency. Bitcoin is the king of crypto but not the king of all monetary systems. I bet there will be a far more sophisticated system yet so intuitive interface to come out in the future. Bitcoin might even be just a prototype of that new project. Who knows, who cares? No one. Regardless if bitcoin would ever die in the future or not, we all have had our piece of the pie. We've all had our profits with bitcoin.

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October 21, 2017, 06:51:09 PM
 #1697

I feel in scenario if the electrons abruptly refuse to run all more than the planet, Bitcoin would die. As nicely as a milk in your fridge  
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October 22, 2017, 04:14:33 AM
 #1698

I consider Bitcoin will dead if each and every country decides to ban Bitcoin permanently.  And bitcoin can also be dead if there are a new crypto forex which is much more lucrative.
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October 22, 2017, 04:27:54 AM
 #1699

bitcoin will die in the event of world war, and in the market nobody uses bitcoin anymore, that's my bitcoin I think will die
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October 22, 2017, 04:28:46 AM
 #1700

Bitcoin will die if every country decides to ban Bitcoin permanently. Then, there will be no more people using Bitcoin because of bitcoin under these conditions. And bitcoin can also die if there is a new crypto that is more profitable, more advanced and can fix most bitcoin. Going forward, there will be more crypto eligible for these facors.

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