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Author Topic: In what situation would Bitcoin die?  (Read 101257 times)
kamotharnn
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January 22, 2018, 05:00:15 PM
 #2001

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.
When the internet goes down, it will make Bitcoin die. There are some countries still don't legalize Bitcoin and they even admit that the person who invest Bitcoin is a criminal. If Bitcoin is ban in every country, it will be an extinction of Bitcoin. However, it is impossible and it won't happen in the future. There are many government support their citizen to use Bitcoin.


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NadiaHel
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January 22, 2018, 06:13:38 PM
 #2002

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Who knows, maybe if governments massively start forbidding it... But im not sure, I dont thing cryptocurrencies will ever disappear, on the contrary, I believe they are actually definning the future
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January 22, 2018, 06:15:16 PM
 #2003

Countries can place a ban on it but it still would
be used by the people

Bitcoin can only die if the Internet dies with it
It's as simple as that.


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January 22, 2018, 06:20:16 PM
 #2004

It would die if it gets ban through out the world or a more successful altcoin will replace Bitcoin.
this is may have some possibility to be done for cause we are able to see a lot of things and reason about on this that bitcoin are getting ban country by country so bitcoin can ever be disappear someday if this is may ever does for.

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January 22, 2018, 06:21:41 PM
 #2005

when all the countries in the world ban it and their value would not worth even a penny than people would drop it cuz it don`t bring profits.
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January 22, 2018, 07:41:21 PM
 #2006

A lot of factors that can lead to the destruction of bitcoin:
1. The ban of bitcoin by all countries. Criminal penalties.
2. The emergence of the ideal althena that will replace bitcoin.
3. Ban the Internet.
4. Energy catastrophe and a world catastrophe.
5. world war and the destruction of civilization.
I don't see any other options.

Cryptron
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January 23, 2018, 07:01:26 AM
 #2007

Bitcoin will only die if all the government or the countries will announce that using Bitcoin is illegal and will ban it for using. But if that not the case, it will be impossible for it to die because of many investors supporting it.

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January 23, 2018, 07:10:21 AM
 #2008

When internet's gone, but I think that would be next to impossible. Some alto coins might die because they lack sales and marketing strategy or not enough fund and no luck in trading but bitcoin will still remain.....
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January 23, 2018, 07:14:59 AM
 #2009

We are talking about "What situation bitcoin will die" and if there's no more investors coming in, no more users spending it.if in mind is normal, then the bitcoin users will always grow, and it makes it never dies. but, a condition that can make it die is when the internet in the world disappear, because bitcoin need for internet access. but, it will not happen.
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January 23, 2018, 07:21:51 AM
 #2010

I think main reason will be low demand, and low demand itself might be caused by different other issues, fore example legal issues.
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January 23, 2018, 07:37:46 AM
 #2011

Bitcoins will die if miners stop mining and confirming transactions. Though government can be though on bitcoin holders but if miners and holders still have interest in it,it will be hard for bitcoins to vanish completely.

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January 23, 2018, 07:45:55 AM
 #2012

One of the main reasons could be political decisions of governments, if they will ban bitcoin, or set restrictions to it, which will influence the market.
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January 23, 2018, 07:47:51 AM
 #2013

In the situation where there's no one would touch this bitcoin = zero demands. or when there's no internet connection anymore in this world (that is kinda impossible). or bitcoin holder is dumping their coin so the market is flooded with supply when less demands. or maybe when bitcoin bubble has popped. kinda impossible that bitcoin will died.
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January 23, 2018, 07:50:12 AM
 #2014

That could be much more dramatic, because it's very probable that there would be still people trying to use it. Although in this case if the bug can be solved, the blockchain can be started again, although there would be, for sure, a big price crash. There are some countries still don't legalize Bitcoin and they even admit that the person who invest Bitcoin is a criminal. If Bitcoin is ban in every country, it will be an extinction of Bitcoin. However, it is impossible and it won't happen in the future.
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January 23, 2018, 08:13:20 AM
 #2015

It depends what you mean. You are seeing a lot of FuD at the moment. There will always be a demand but it depends on if it can continue to grow.

If there's no money in it for miners that would be an issue.

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January 23, 2018, 08:17:02 AM
 #2016

Bitcoin can easily die if the government will have an order that the bitcoin and other cryptocurrencies will be no longer allowed to their country and that will become the start for the cryptocurrency to die and have its end and that is my main reason why i am not putting all of my money into cryptocurrencies because there is still chances that they could die.

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January 23, 2018, 08:58:56 AM
 #2017

I do not think that btc will die, although if the Goverment takes more stringent measures at the legislative level, it can do everything to make bitcoin disappear
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January 23, 2018, 09:05:55 AM
 #2018

There will be some reasons but most probably value decrease and government legalization issues. hope it will not happen though.

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January 23, 2018, 09:13:27 AM
 #2019

Well, maybe when the situation began to lose confidence in the bitcoin users. people tend to leave bitcoin, because bitcoin is no longer provide benefits to users. but, I think it will not happen, because bitcoin will always provide many benefits to the users if we use it properly.
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January 23, 2018, 09:18:44 AM
 #2020

There will be some reasons but most probably value decrease and government legalization issues. hope it will not happen though.

I think government legalization will not be a problem since there are a lot of people that say that even Bitcoin is banned in their country, they can still use it as an investment online but just can't use Bitcoin in their country. Value decrease is happening mostly, and I think a lot of investors are taking it as an advantage since they want to invest on it. If there is something that will bring bitcoin to die, I think that will be no development and no upgrade for Bitcoin.

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