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Author Topic: In what situation would Bitcoin die?  (Read 101267 times)
Nana21
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December 09, 2017, 10:57:04 PM
 #1861

This may occur if the security and the fee drops so unbearably, and this condition is very much under control since the transaction is global.
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lestariptr
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December 10, 2017, 09:02:25 AM
 #1862

In my opinion, bitcoin will die when the price drops very bad and many countries forbid transactions via bitcoin I always thought that Bitcoin is now at a stage where it will never die, no matter what happens to the fore
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December 20, 2017, 05:55:20 AM
 #1863

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 20, 2017, 05:58:10 AM
 #1864

Well, we know that bitcoin dying is not caused by forum posts announcing that it is dead, because we get those on a daily basis. Cheesy

Lol. Its true. We will see them on a daily basis.
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December 22, 2017, 04:33:21 PM
 #1865

I think the popularity and efficiency that will make bitcoin survive in digital currency. In addition, bitcoin also must solve the problem of delay in delivery, occurring for some time.
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December 22, 2017, 04:35:38 PM
 #1866

If bitcoin fails, it will be boring.
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December 22, 2017, 04:53:53 PM
 #1867

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

when bitcoin is no longer in demand the bitcoin will die. but as long as bitcoin is still in interest, bitcoin will always live.

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December 22, 2017, 05:00:12 PM
 #1868

If any other cryptocurrency comes better than bitcoin then that coin will replace the value of bitcoin and then bitcoin will depreciate ultimately but I hope it will not happen at all.

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sk.kumar3582
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December 22, 2017, 05:02:53 PM
 #1869

If any other cryptocurrency comes better than bitcoin then that coin will replace the value of bitcoin and then bitcoin will depreciate ultimately but I hope it will not happen at all.

its not possible to happen so soon, at least for next few years
bitcoin will be the dominant crypto currency unless others evolve and it needs time for others to do
currently with the bitcoin crash, all altcoins have started their rally to move up to see if they can goes near the bitcoin
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December 22, 2017, 05:26:41 PM
 #1870

If any other cryptocurrency comes better than bitcoin then that coin will replace the value of bitcoin and then bitcoin will depreciate ultimately but I hope it will not happen at all.

its not possible to happen so soon, at least for next few years
bitcoin will be the dominant crypto currency unless others evolve and it needs time for others to do
currently with the bitcoin crash, all altcoins have started their rally to move up to see if they can goes near the bitcoin

Of course it is not. Bitcoin went down just momentarily but as you can see now people are buying bitcoins at this incredibly relatively low amount. This is a good buy. I think this is good for people who are holding both altcoins and bitcoins. Since bitcoin is down, altcoins are going to have their price increase in btc (not in USD) and it's a good time to sell altcoins. When bitcoin has finally picked up the price that it used to have, you can then sell the bitcoins that you have made from selling altcoins.

I really don't think that bitcoin will not be able to adopt to whatever gimmicks these altcoins have made. In case some altcoin out there released a network with a lightning confirmation, bitcoin can easily adopt to it because the information is already out there. It will totally be shady for that coin to have zero information out there about how their transactions work and how they were able to do it like that. Because why wouldn't they release that? Maybe something else is going on although they can simply say that they are protecting that information to prevent having their mechanism copied by other cryptocurrencies but I would totally doubt that they are telling the truth if so.

kokobaba880
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December 22, 2017, 05:43:51 PM
 #1871

I think there is no clear situation though which we can say that bitcoin would die but if it is completely banned everywhere in the world or if it is declared as illegal currency in the world then may it will die. or the other reason is the existence of internet if internet is turned off then there will be no access of digital currency so we can say that bitcoin may die then. there is no clear ways which can decide the future of bitcoin and in my opinion bitcoin will become more popular in the world because everywhere now it is accepted.

Andika23
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December 23, 2017, 03:22:16 AM
 #1872

In the bitcoin situation the price will drop drastically and the bitcoin price will not rise again and every country will ban bitcoin from transacting. Maybe that's where bitcoin is worthless
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December 23, 2017, 03:32:05 AM
 #1873

There are many situations. 1 ban on the whole world. One virus is capable of stealing data from all users. It is possible that shatoshi will appear, bringing with it millions of bits, causing the market to collapse

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December 23, 2017, 03:41:17 AM
 #1874

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

Bitcoin will and if
No more internet network in the world
Already there are no longer people who are interested in using bitcoin
All states prohibit using bitcoin
muhammadahmad822
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December 23, 2017, 03:54:49 AM
 #1875

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

Bitcoin would end up only, if all users will be gone away or disappear in this industry, and that will happen only if the features of bitcoin will no longer be implement and not function properly which might cause of the community be get disappointed unto it. which will lead the value goes down into zero.
I agree with you.
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December 23, 2017, 03:57:21 AM
 #1876

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
of course bitcoin ends one of the reasons because there is no internet access anymore in this world and if bitcoin is strictly forbidden to be accessed by government in a country, for now although bitcoin value is not so stable still accessible

Saidmod
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December 23, 2017, 04:19:07 AM
 #1877

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

Bitcoin will and if
No more internet network in the world
Already there are no longer people who are interested in using bitcoin
All states prohibit using bitcoin


We all know that there is more likely a negative percentage of possibility that internet connection can be cut through out the world. What I see as reason for bitcoin to die is the possibility that the government might interfere with its transactions and/or when it impose a rule against using bitcoin. A rise of another strong cryptocurrency or other digital investment may also be one factor.

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sk.kumar3582
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December 24, 2017, 03:19:18 PM
 #1878


We all know that there is more likely a negative percentage of possibility that internet connection can be cut through out the world. What I see as reason for bitcoin to die is the possibility that the government might interfere with its transactions and/or when it impose a rule against using bitcoin. A rise of another strong cryptocurrency or other digital investment may also be one factor.

which seems to have started happening lately and the current price changes on network can be a governs manipulations by letting more fiat money on network in the name of stocks and future market.

maybe we, the crypto world, were a little too excited and didnt thought much and just let the so call trades, Whales, to come to our world and start making decision for us

of course, its just a opinion, it can be easily criticized
RamBahadur.Gurung
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December 24, 2017, 03:26:12 PM
 #1879

If the transaction fee remains this high, then Bitcoin will die slowly. I have checked the fee right now and it is around 900 Satoshi per Byte. A few weeks back, I used to pay 5% of that amount as fee.

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December 24, 2017, 03:27:28 PM
 #1880

according to my experience in business a product in market going do die only when the customers of product is going to decreasing just like that bitcoin is also a product and if we can see customer of bitcoin then they are increasing day by day so bitcoin life will also increasing as the customers of bitcoin is increasing.
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