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Author Topic: In what situation would Bitcoin die?  (Read 101116 times)
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December 04, 2017, 10:46:14 AM
 #1841

I think the outrageous transaction costs and the slow transfer times is causing serious harm to Bitcoin. I don't think it could possibly die but its flaws are starting to become obvious. There might be room for another coin to take over if this gets worse.
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December 04, 2017, 11:26:59 AM
 #1842

I think the situation would bitcoin die is when our government ban bitcoin here in my country and my only way of my income here I definitely say it would die and many people disagree here of what our government did to bitcoin. Many bitcoin user here in my country trust bitcoin to help our daily needs and our parents needs.

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December 04, 2017, 11:45:48 AM
 #1843

one thing's for sure, no demand to use cryptocurrency which is not possible

I think so, it will die if no demand to use cryptocurreny but  as of this moment it is very impossible to happen because of the popularity of cryptocurrency and bitcoin. People are now into bitcoin , as we can see price of bitcoin lately is soarig highh, meaning more and more people is investing in bitcoin. so it is impossible that bitcoin will die.

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December 05, 2017, 12:33:14 PM
 #1844

Well I think bitcoin will die only if its value zero, governments start banning bitcoin as a type of currency, and especially bitcoin will really die if all of the people who are using it stops using it.

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December 05, 2017, 12:45:40 PM
 #1845

The blockchain and BTC can die in only one case, when you lost Internet and electricity.. the Apocalypse.. the price Reduction will not kill BTC and blockchain..

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December 05, 2017, 04:37:46 PM
 #1846

Bitcoin will never die, unless all governments outlaw bitcoin unilaterally, and find a way to filter bitcoin web traffic. This is the main caveat of bitcoin; you have to get every last node to kill the whole network (decentralization FTW). But people could largely stop using bitcoin; this would only happen if the price took a major, epic dive ( im talking back to 1000). This would indicate a lack of trust/confidence. The only way I could see that happening is if a major exploit/vulnerability is found.
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December 05, 2017, 04:39:14 PM
 #1847

It seems it will have a long live for bitcoin even if the electricy prices would not increase 500%
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December 05, 2017, 04:39:54 PM
 #1848

he could die if the investors did not bring him any interest, or a real money faster and less expensive replaces him.
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December 06, 2017, 03:19:32 AM
 #1849

As bitcoin becomes harder and harder to mine, someday, it'll run out. And with all that bitcoin available, the value so with the demand goes extremely high. So what do you think it could lead to?

If you buy a house, with a purpose to resell it, then it's fine, except when there's no more house left to buy. From there, what would you do? You might find something else to buy and sell, then house reselling will simply die. Well of course, it's just a metaphor. Real estate will be there for like forever, but bitcoin? I don't know.
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December 06, 2017, 06:52:53 AM
 #1850

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
it can be happen only when no one believe or use BTC in whole world Tongue Tongue Tongue Tongue Tongue
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December 06, 2017, 07:04:22 AM
 #1851

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
For now, I don't find any factors that can make bitcoin die. There are many regulation that made by many government which some time is not good for bitcoin, but even bitcoin is stronger now. Bad government regulations will affect bitcoin prices but the effect will not for long time.

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December 06, 2017, 10:02:42 AM
 #1852

For me, in what situation would bitcoin die if he reaches the limit of 21 million. But right now bitcoin is not going to die because bitcoin is so popular and so expensive. The value of people that willing to try and gain bitcoin is rapidly increasing, and even the demand for it is also growing. That is some reason why bitcoin is becoming expensive, and when bitcoin become very expensive it will not die in fact there will be more people, company, and establishment that will embrace bitcoin.  Smiley

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December 06, 2017, 10:07:18 AM
 #1853

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 the best situation that can make Bitcoin shutdown is there is a suddwn shutdown of internet and not able to make the internet back. Bitcoin merely depends on internet. It was like they were identical and directly proportional to each other so if internet dies bitcoin slowly dies too.

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December 06, 2017, 10:18:35 AM
 #1854

i think legality issues will make bitcoin die. like before banks and other money related companies dont like the idea of bitcoin so maybe they will find a way to make this whole thing down.
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December 06, 2017, 10:27:19 AM
 #1855

There is only one way bitcoin would die, and that is when there are no longer any user of bitcoin, but what is happeningtthathe oposite of that. bitcoin users and investors are continuously growing. that is why its price will still continue to go up.
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December 06, 2017, 10:30:49 AM
 #1856

the number one factor of deepweb is government. if the government would giving controlled in cryptocurrencies especially bitcoin.bitcoin will dump its value.

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December 06, 2017, 10:36:50 AM
 #1857

the number one factor of deepweb is government. if the government would giving controlled in cryptocurrencies especially bitcoin.bitcoin will dump its value.
Indeed, one of the worst situations that can cause to Bitcoin out of the picture is when the government interfere. Once the officials from one country take control and decide to ban Bitcoin, it will make the Bitcoin die. No matter how strong the foundation of Bitcoin, the power of the government will always be on top among others.

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December 06, 2017, 10:39:18 AM
 #1858

I think bitcoin will be die if no one use bitcoin. Because people that make bitcoin is worthed. There are a lot of people that use bitcoin for their daily life especially some people in city that so many merchant in there that accept bitcoin.

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December 06, 2017, 11:08:58 AM
 #1859

There is only one way bitcoin would die, and that is when there are no longer any user of bitcoin, but what is happeningtthathe oposite of that. bitcoin users and investors are continuously growing. that is why its price will still continue to go up.
No, that is not the main reason because its too impossible that bitcoin user will never use this anymore. I guess the main reason is if internet connection will disappear then thats the right time to say that bitcoin is dead, because we wont able work with bitcoin if internet will disappear, Bitcoin too will disappear. But right now its too impossible because technology is too popular,so no need to worry.

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December 09, 2017, 10:49:28 PM
 #1860

In a situation where there would not be internet anymore because without internet there would be no bitcoin at all and no one would be able to earn or buy or even sell it that is i guess one of the things that would be able to kill bitcoin.
I agree with you because bitcoin need the internet to stay alive without internet this forum would never been here bitcoin would have never been made and we would still work at wall mart to support our family everyday.
True I am agree with you that Bitcoin can die only in one situation, if the government of any country fully banned the Bitcoin .then we can think like that but in future we can see that there is no chance of it. Because many countries like Japan, has legalized it in their countries. It is just because of its popularity and acceptance of people. So if we see the researches about Bitcoin in next 50 years it is always in most popular currency of the world.

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