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Author Topic: In what situation would Bitcoin die?  (Read 101115 times)
Amilhussin24
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January 26, 2018, 02:00:50 PM
 #2061

Bitcoin will only die if no one believed on it anymore, or no one using and no one is intereated on it. This is possible if any government will totally banned bitcoin. So basically bitcoin will only die in that certain country. Even though you have your bitcoin, its useless in a country that bitcoin is being banned.

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celtic99
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January 26, 2018, 02:03:28 PM
 #2062

It would die from an EMP, it would die if someone somehow found a security breech in the bitcoin blockchain.  It might die if some super genius developed a quantum computer that could hack bitcoin wallets.

Bonsaiav
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January 26, 2018, 02:31:33 PM
 #2063

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

When the bitcoin supply was gone, because it has been discharged mined, and it makes the bitcoin price more expensive, then transaction fees will no doubt be higher. If that happens, it is certain that bitcoin will be abandoned by its users and will become a worthless crypto that will eventually die and burn.

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January 26, 2018, 03:03:13 PM
 #2064

The situation that can make bitcoin die is,
when the bitcoin user has left bitcoin, and never use it again.
But i think that is not gonna happening. Because the bitcoin demands is far from low now.

Airdrop Manager
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January 26, 2018, 03:19:48 PM
 #2065

Bitcoin can die in future if it faces a tough competition from any newly launched coin and that is possible as technology is advancing and anything is possible in future so in that case bitcoin can die or simply disappear from the crypto world.
addeqt
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January 26, 2018, 04:04:18 PM
 #2066

bitcoin can't die in any condition or circumstance. In spite of the fact that there are circumstance that can impact bitcoin up as far as possible yet at the same time it can't cause bitcoin to bite the dust, for instance the expanding exchange expense can impact bitcoin a ton and the continue increase in transaction fee. But i trust bitcoin would never die.

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aji567
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January 26, 2018, 04:39:43 PM
 #2067

bitcoin will die if the amount is exhausted. but not with the transaction because bitcoin is very influential in the world of cryptocurrency. and also in situations prohibited by all countries.

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January 26, 2018, 06:16:25 PM
 #2068

in my opinion, bitcoin will die when people start not to believe anymore with bitcoin, no longer useful and the prohibition of the use of the bitcoin in each country.

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January 27, 2018, 05:33:01 AM
 #2069

There will be some reasons but most probably value decrease and government legalization issues. hope it will not happen though.
If governments make it hard to buy or sell cryptocurrency and BITCOIN then the prices will drop hard but depends on which countries do that as well IMO   

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January 27, 2018, 05:57:00 AM
 #2070

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 bitcoin will die if developers do not try to do anything to help it and pool developers still want to control bitcoin and the hashrate. Bitcoin is an origin crypto and it is very good to use and  if people stop using it or its value goes down to zero level in future and I am not seeing both the things happening as bitcoin is becoming more popular now and we can expect that it will be the currency of the future.
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January 27, 2018, 05:57:19 AM
 #2071

The only situation that might be the reason of the death of bitcoin is when there is no community or supporters that are supporting bitcoin already. This will never happen because there is a large community already behind bitcoin and other digital currencies.

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January 27, 2018, 06:58:55 PM
 #2072

This is something I do not want to think bitcoin will die if its creator will turn off bitcoin performance but is it possible to see bitcoin development is very good and widespread in various countries and partly serves as a driver of the country's economy but there are still some countries that prohibit the development of bitcoin and I hope bitcoin will survive Grin

rgarciavega
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January 27, 2018, 07:05:11 PM
 #2073

I believe that bitcoin could die because of a security problem with its encryption. There are rumors that with the new quantum computation, encryption could be violated. That is a possible end to bitcoin. Although probably at the moment the protocol could be updated so that it can not be violated.
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January 27, 2018, 07:12:15 PM
 #2074

Bitcoin have started since 2009 and it is just now picking up and started spreading steadily but we're speaking about end of it. However, for the question raised, I would say Bitcoin also has an end like paper currency when some other technology or concept better than Bitcoin comes in to place, this might take at least 1000 years from now. No technology is permanent and there's an alternate or replacement always in place but it would take its place when time comes and when there is a need of a new one.

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January 27, 2018, 07:13:06 PM
 #2075

Bitcoin will die if there is a big attack on the blockchain and it succeeds.

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DaftAjax
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January 27, 2018, 07:13:58 PM
 #2076

I think if the Internet disappeared, then bitcoin could die.
If countries around the world ban bitcoin, bitcoin will soon disappear.
In addition to these two assumptions, I think bitcoin will always be there.
The first two statements that you'e mentioned was agreeing that, Bitcoin will die and will soon disappear. But on the last statement you've said that Bitcoin will always be there, I mean what the heck. You're making your statement confusing.

Well anyways, honestly, digital currency is like already attached to the internet, so wherever internet is so as Bitcoin. What my point is, if the internet would really go down somehow, by a mysterious phenomenon, then Bitcoin would join it.


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Andri.Ghani
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January 27, 2018, 07:17:09 PM
 #2077

This is something I do not want to think bitcoin will die if its creator will turn off bitcoin performance but is it possible to see bitcoin development is very good and widespread in various countries and partly serves as a driver of the country's economy but there are still some countries that prohibit the development of bitcoin and I hope bitcoin will survive Grin
agree that bitcoin will not die and it is not easy to stop it because now there are many users and I am very confident that this will last.
If that happens then I will not feel sad for it already feel it Wink
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January 27, 2018, 07:20:55 PM
 #2078

Bitcoin will die if everyone who knows about Bitcoin lost memory,
if not, do not expect Bitcoin will going to die... Cool

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January 27, 2018, 07:56:08 PM
 #2079

Life bitcoin is based on investors interested in this topic. He will not go anywhere - this is an entire industry already, a whole new industry. The news for the fall is the situation in South Korea, where all the crypto-currencies were legalized first, then they looked at what a stir it caused, realized that this could pose a threat to the national economy if a significant part of people's savings go into virtual reality, and now they are thinking about this matter prohibit or restrict. If all this last year it all grew on the topic of legalization, now it falls on the topic of tightening regulation.

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January 29, 2018, 03:53:08 PM
 #2080

I think there are 2 situations where Bitcoin would die: if the demand in crypto money would stop ; or if all populations wouldn't have access to Internet anymore.
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