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Author Topic: In what situation would Bitcoin die?  (Read 101275 times)
NeverSop
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January 21, 2018, 09:17:07 PM
 #1981

I think bitcoin will die if nobody uses bitcoin forever. There are many people who use bitcoin for daily needs, especially some people who live in the city that so many merchants there who receive bitcoin.
Bitcoin will disappear when the community and investor no longer care and invest in it because any asset that exists today is always valued by the community. But I think the day that bitcoin disappears forever is so far away that bitcoin still has the outstanding features that other altcoin can not do, the bitcoin supporters community and the big block investors. The gigantic bitcoin certainly never wanted the bitcoin to disappear.

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Wolf of Btrex
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January 21, 2018, 09:18:51 PM
 #1982

I think the popularity and effectiveness which will make bitcoin survive into a digital currency. besides bitcoin also have to tackle the problem of delay in delivery occurring for some time.
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January 21, 2018, 09:33:34 PM
 #1983

There are many things which could cause the value of Bitcoin to decrease; but it is nearly impossible for bitcoin to completely die.
Even with other coins the competition wont "kill" bitcoin. It will slowly, very slowly, overtake it.

Even if everyone suddenly decided that Bitcoin is not worth the amount it is today the value will of course drop. This could be because Bitcoin itself loses trust or something comes along that people trust more. If something comes along that stole Bitcoin's network effect it would not kill Bitcoin, it would just drop its value to some level.

I  believe Bitcoin has built a lot of trust. I would say that is why it is nearing parity with Gold. Gold could also lose its value any day.The reason Gold has so much trust is that is highly unlikely and it has thousands of years of historic value.

Hence, for Bitcoin we also can trust that the blockchain works and that it is the most secure ledger in the world.
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January 21, 2018, 10:03:49 PM
 #1984

Some things that I can thin of may be: liquidating crypto into Tether conspiracy theory (don't know much about it, but you can search this forum or Reddit of info) or the flippening of Ether (highly propable, but extremely unlikely that Bitcoin would "die").
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January 21, 2018, 10:12:19 PM
 #1985

I cannot put a certain word since there are no specific details that it could be stop. But based on what I always imagined is that if bitcoin would get banned world wide but even though there are things that gets banned there will be always a way to do it secretly like drugs, illegal drugs are banned world wide but there are people who sell it secretly right? So, if drugs could do it then bitcoin could also do it. The most certain thing I could sense that it would be stop is that if bitcoin value gets unusable this would be probably the thing I could be certain that bitcoin would stop or probably die.

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January 21, 2018, 10:13:40 PM
 #1986

Bitcoin will die or disappear, if people no longer use bitcoin I think bitcoin will die, but here bitcoin is needed for investment and stocks, and savings in the future, but I do not think bitcoin will die and will make rapid progress in the world.
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January 22, 2018, 01:09:26 AM
 #1987

The situation that can make bitcoin sinking is the trust of the users to keep using bitcoin so that the circulation of bitcoin transactions in the market stay awake because if the bitcoin enthusiasts are decreasing then the price also goes down and the price decrease makes bitcoin enthusiasts worse and even might think to stop using it because can no longer give them an advantage. Bitcoin as well as real money, in economic law, mentioned that the more demand for something then the higher the price of something. But, I'm sure the bitcoin prospects will get better as more and more companies are starting to use bitcoin to invest.



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January 22, 2018, 01:20:57 AM
 #1988

When the users start to think of it as failure, I think that's the time where people will break their trust with refards to bitcoin. Also, I think that if the internet will have its end, then it might probably the end of bitcoin too. The most important thing is the idea of trusting the cryptocurrency to be able to have its demand.

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January 22, 2018, 01:32:23 AM
 #1989

If there is no demand and a lack of interest in Bitcoin, perhaps this situation is feared will aggravate the stability of the situation from Bitcoin, but not to the point of death. and since these two factors are in contrast to the actual situation today, the fact is that Bitcoin is getting more and more popular and the enthusiasm of the world community to adopt Bitcoin is increasing, it seems that Bitcoin will not die.
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January 22, 2018, 01:37:57 AM
 #1990

 We are just talking on the possibilities relating to circulation but speaking on technical if theres no internet then bitcoin cant circulate.bitcoin will die if it's value will fall down and people will stop using it and it will cause some instances that will make a certain person poor and not to sustain their everyday need.
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January 22, 2018, 01:40:01 AM
 #1991

When different countries and media start to discourage the use of bitcoin, or when the coin face a huge controversy (hack, tech difficulty, etc). People will start to sell their positions, prices will surge down, then we can say bitcoin is now dead.
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January 22, 2018, 01:49:22 AM
 #1992

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

i believe only the intrenet connection can stop operation of bitcoin, yes the legality are important for every country accepting bitcoin as new currency i know bitcoin give help for every country adopt bitcoin for grow up the economy in away giving job for the unemployed people as a source of income.

only one reason i can see why bitcoin banned of some country its because they want to regulate bitcoin to collect taxes from the bitcoin user's communtity
or to handle and control of cryptocuurency because we should know cryptocurrency are very expensive value in the market if the government control bitcoin they collect huge of taxes goes into government intitution.

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January 22, 2018, 02:05:54 AM
 #1993

Bitcoin may die if ever a new investment scheme will appear that will give people a much higher return. But I think it will take many years before this happens. Bitcoin is still in the front seat and no other new altcoin yet  is close in beating it.

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January 22, 2018, 02:09:56 AM
 #1994

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 it could be die of the owner of bitcoin die also
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January 22, 2018, 03:07:26 AM
 #1995

maybe bitcoin will die when all countries decide to ban bitcoin permanently. so nobody uses bitcoin because it is already banned and maybe its use will be captured by the authorities. but it is not possible to die because there are still countries that use bitcoin as their economic growth, so bitcoin is hard to be permanently banned. maybe bitcoin will improve its work system to be eligible for use by all countries in the world.

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January 22, 2018, 03:36:04 AM
 #1996

Bitcoin will die only if the government of all nation stop the existence of it in their country. Or if the government of every countries ban their countrymen to patronize bitcoin, may the and only then the bitcoin will die. But anyway, bitcoin to die is still very impossible, just by looking on how many people who patronize bitcoin,  this kind of question is really impossible to happen.
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January 22, 2018, 06:00:41 AM
 #1997

Bitcoin will die if the people using it, will think that it is worthless. One possibility is when there is another cryptocurrency that has better system than bitcoin and people will shift from bitcoin into this better cryptocurrency.
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January 22, 2018, 06:02:11 AM
 #1998

No altcoin, we all know that the presence of altcoin contributed to the increase and the use of the bitcoin so, trading with altcoin is a fact that makes the circulation of bitcoin's getting massive, without altcoin bitcoin will die.
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January 22, 2018, 03:53:31 PM
 #1999

It would die if it gets ban through out the world or a more successful altcoin will replace Bitcoin. But I think it will be impossible unless all the investors pull out there investment in Bitcoin. Bitcoin since started it has been the reference of other altcoins. Yes there are altcoins that  have much greater road map to Bitcoin but for me, they only exist because of Bitcoin.

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January 22, 2018, 04:22:14 PM
 #2000

Probably if the situation began to lose more and more confidence in bitcoin users.
A lot of people will likely or tend to leave bitcoin, this is due to the fact that bitcoin is no longer providing benefits to it users.
Though I do not see this happening, bitcoin has big potential and will always provide a lot of benefits to its users if it's properly used.
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