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Author Topic: In what situation would Bitcoin die?  (Read 101116 times)
yasukata
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October 22, 2017, 05:47:19 AM
 #1701

The bit coin will survive and it will be the only credit currency
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October 22, 2017, 05:53:42 AM
 #1702

If nobody is not having internet connection in this world that time only Bitcoin will die. Which not possible in this world instead of ending Internet day by day internet users and connection increasing and along with internet Bitcoin also growing so I don't think Bitcoin is going to die it is impossible.
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October 22, 2017, 06:26:05 AM
 #1703

I consider Bitcoin will dead if each and every country decides to ban Bitcoin permanently. Â And bitcoin can also be dead if there are a new crypto forex which is much more lucrative.

Forex is, like, dying. The players of Forex are starting to move to cryptocurrencies. It's only obvious that a lot of people will be so into bitcoin because of the huge price increase that we've had this year.

I think that bitcoin getting banned in all countries will just make it more known by people. They are going to do research as to why did all the government got united and banned bitcoins. Let's just say that hypothetically they were able to kill bitcoin with this method, then how about all the other cryptocurrencies? There are a lot of alternatives to bitcoin, some might even have a slightly better feature. Killing bitcoin will be very pointless because cryptocurrencies are created so easily. Banning bitcoin is like announcing to the masses that there is a monetary system that can free you from the fiat system and the government is so scared of it so they did the most desperate move -- ban it.
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October 22, 2017, 06:26:27 AM
 #1704

bitcoin will die in a situation where no internet or bitcoin can not be accessed again, until that situation does not happen then bitcoin will not die and will still survive forever.

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October 22, 2017, 07:32:52 AM
 #1705

Surely that could happen if the Internet is can't using anymore, we know bitcoin is on the internet .. born on the internet, all its progress..developments goes through the internet, and for people who do not know the internet would be far from bitcoin, do not even know what it's bitcoin. In addition, bitcoin can die if all countries prohibit using of bitcoin, all governments banned all activities related to bitcoin, of course it can also make bitcoin will die and not used anymore. But I don't think at all that's will be happens, that's impossible, I think bitcoin will keep strong and still alive all the time until the future I guess.

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October 22, 2017, 07:38:54 AM
 #1706

Cryptocurrency is only future of the world so King of cryptocurrency Bitcoin never die in any situation except the world end. See technology has proven nothing is impossible and Bitcoin also proven in this eight years it is the best and in future everybody has to associate with it so I am not seeing anything near to Bitcoin to make it die.

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October 22, 2017, 09:45:31 AM
 #1707

Bitcoin will be probably banned in a few countries anyway so we don't have to worry about it. The biggest threat are hard forks. I always say that they are great because they help to break the tension in our community but it's also hazardous. Upcoming SegWit2x hard forks is one of the examples. Introducing this hard fork will lead us to centralisation and the end of Bitcoin in the future.
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October 22, 2017, 10:32:43 AM
 #1708

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
If the government ban the bitcoin and prohibit their people to use it and also prohibiting the country to use internet publicly so no internet no access to bitcoin. But i don't think that bitcoin will die easily, now that many people uses it and it has a good reputation. We wish that Bitcoin will not die now a days it has good reputation and and benefits. So lets wish that Bitcoin will not die now a days and become much more famous and in demand to others.

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October 22, 2017, 10:42:42 AM
 #1709

Bitcoin will die maybe if government in every country will united and stop the operation of blockchain anywhere around the world, or they will banned cryptocurrency in any spot of the world, because of possibilities that bitcoin may associated with crime act like money laundering and any illegal trading.
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October 22, 2017, 10:49:49 AM
 #1710

Bitcoin will die maybe if government in every country will united and stop the operation of blockchain anywhere around the world, or they will banned cryptocurrency in any spot of the world, because of possibilities that bitcoin may associated with crime act like money laundering and any illegal trading.

Impossible. Even if the governments decided to do this. People wouldn't listen to the ban.
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October 22, 2017, 12:57:29 PM
 #1711

Bitcoin will die maybe if government in every country will united and stop the operation of blockchain anywhere around the world, or they will banned cryptocurrency in any spot of the world, because of possibilities that bitcoin may associated with crime act like money laundering and any illegal trading.

Impossible. Even if the governments decided to do this. People wouldn't listen to the ban.
I don't think that people will not listen to the order of the government because if they will not listen to the order of the government then they will possibly arrest the people who are not listening and it will cause for the other people to have some fear about the arresting scenarios and they will surely obey the order of the government.

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October 23, 2017, 05:17:16 PM
 #1712

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
Yes I agree with you when the people stop to use bitcoin that can be only reason that bitcoin will die the rest of bitcoin can survive for a long time because bitcoin know how to handle problems I remember when china banned bitcoin and the way bitcoin fight against china so I can’t from get and I’m sure that bitcoin will never die and will survive for ever.

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October 23, 2017, 05:53:40 PM
 #1713

An idea dies when everyone stop supporting it.

I look at crypto's like on assets to which there is increased demand at the moment. This only stimulates the market and makes more people involved and as we know greed rules the world and belive it or not if people want something they won't stop till they get it. Since BTC will stop producing new bitcoins in some time now, there will be some altcoins that will increase their value significantly as well. It can die only if something better working comes in the market and people reinvest their assets.

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Andrew1337
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October 23, 2017, 05:57:47 PM
 #1714

Bitcoin will never die as you can see . It grew from 0.01 to 6000 but it still continue to grow up even if here will be bad situatiions
Bitcoin would die only if we wont have power electricity anymore . Just think a bit , if all world wont be able to use power electricity all it industry will die

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bigboybitcoin
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October 23, 2017, 06:00:27 PM
 #1715

Bitcoin will never die as you can see . It grew from 0.01 to 6000 but it still continue to grow up even if here will be bad situatiions
Bitcoin would die only if we wont have power electricity anymore . Just think a bit , if all world wont be able to use power electricity all it industry will die
perfect reply but i want to add one more situation if another currency like dash can take place of bit coin then bit coin can die.
Also if people loose intrest on the bitcoin then also it can die.As only us the people can control the bitcoin market so this the main thing about bitcoin.
It will die only if people are no more interested in crypto currency.
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October 23, 2017, 06:13:44 PM
 #1716

The situation that bitcoin will die if all the countries have an agreement that they will no longer going to support bitcoin and on that case there will no person that will use bitcoin. Everyone will be pulling out their investment and that's the time that bitcoin will be dying as a cryptocurrency.

Shenzou
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October 23, 2017, 06:13:48 PM
 #1717

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
Yes I agree with you when the people stop to use bitcoin that can be only reason that bitcoin will die the rest of bitcoin can survive for a long time because bitcoin know how to handle problems I remember when china banned bitcoin and the way bitcoin fight against china so I can’t from get and I’m sure that bitcoin will never die and will survive for ever.
I think the only thing that can kill bitcoin is goverments, not only goverments can ban  thier poeple from using bitcoin which will have a massive effect on the price cuz even if poeple still use it investors and bussnies owners won't be able to which will freez its progress, another thing is goverments could slowly kill bitcoin, and that is by taxing it, taxing bitcon depending on its price will make poeple feel that it is become another controlled thing by the goverment, which is why poeple were using it in the first place, and by doing so the goverment could destroy the bitcoin indirectly and while avoiding all the drama.

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October 23, 2017, 06:56:44 PM
 #1718

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

Neither technology or legality issues will stop it, only the people who uses it and the market and services available then if that happens all bitcoins would stop circulating and become obsolete which might result to going back to usual currency or a birth of a new cryptocurrency but I doubt that it would happen.

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October 23, 2017, 07:08:01 PM
 #1719

If Bitcoin doesn't get a revamp or some surplus update, the 21,000,000 supply will likely be the death of BTC long term. In no way are users able to continue growth if they can't get anywhere when the full amount has been transferred into a large split.

Wallets have the largest supply, but if some small amounts are to be split and never used by millions of inside inactive desktop wallets, this'll eat up its use.
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November 02, 2017, 03:57:37 PM
 #1720

There is no exchanger, I fret if the Federal government prohibits exchangers settle for bitcoin for money laundry, avoid taxes and so forth. If there is no exchanger, surely bitcoin will die.
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