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Author Topic: In what situation would Bitcoin die?  (Read 95683 times)
ASHLIUSZ
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March 25, 2017, 02:17:12 AM
 #501

Bitcoin would stop if it is banned, or if there is not more internet. and better still if rapture happens.Lol
but i do not think that bitcoin is going to be banned, as bitcoin is now becoming more stable and popular therefore i think it is not becoming more difficult for the governments to bane bitcoin, but they are gong to legalize bitcoin in their countries.
Lol although bitcoin popular though. prohibited or legal it's up to the decision of the government. if bitcoin hurt that country the government would banned bitcoin despite bitcoin popular
Same thing happened in Russia. It didn't make any collapse in the country's economy, but the government feared on its potential and issued a ban on bitcoin usage. Soon after this they made a committee to know better about it and understood it's potential and the ban have been taken off and has planned to implement the technology into their financial system.

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BitcoinPC
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March 25, 2017, 05:09:07 AM
 #502

Bitcoin would stop if it is banned, or if there is not more internet. and better still if rapture happens.Lol
but i do not think that bitcoin is going to be banned, as bitcoin is now becoming more stable and popular therefore i think it is not becoming more difficult for the governments to bane bitcoin, but they are gong to legalize bitcoin in their countries.
Lol although bitcoin popular though. prohibited or legal it's up to the decision of the government. if bitcoin hurt that country the government would banned bitcoin despite bitcoin popular
Same thing happened in Russia. It didn't make any collapse in the country's economy, but the government feared on its potential and issued a ban on bitcoin usage. Soon after this they made a committee to know better about it and understood it's potential and the ban have been taken off and has planned to implement the technology into their financial system.

So it is a proof, no more countries want to ban the bitcoin again. Because bitcoin is the latest technology, people use it to support their financial crises, and it is also useful for the government, If their countries' s people happy when why need government ban the bitcoin?

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March 25, 2017, 05:12:35 AM
 #503

The biggest threat to Bitcoin, is another Altcoin with Bitcoin's problems solved. When people get used to use cryptocurrency, it will use the best. One of today's bitcoin's problem is the slow confirmation. DASH has an instantX, transaction mode with a transaction fee payed to DASHe's special nodes masternodes. So DASH can be used over the counter today. If a similar technology is not added to bitcoin, there is one reason to use something else.
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March 25, 2017, 05:23:31 AM
 #504

Bitcoin would stop if it is banned, or if there is not more internet. and better still if rapture happens.Lol
but i do not think that bitcoin is going to be banned, as bitcoin is now becoming more stable and popular therefore i think it is not becoming more difficult for the governments to bane bitcoin, but they are gong to legalize bitcoin in their countries.
Lol although bitcoin popular though. prohibited or legal it's up to the decision of the government. if bitcoin hurt that country the government would banned bitcoin despite bitcoin popular
Same thing happened in Russia. It didn't make any collapse in the country's economy, but the government feared on its potential and issued a ban on bitcoin usage. Soon after this they made a committee to know better about it and understood it's potential and the ban have been taken off and has planned to implement the technology into their financial system

You talk as if you had been there

And seen and heard all that with your own eyes and ears. Your main problem is that you hadn't been there and thus don't know a thing about the matter in question. While in real life Bitcoin has never been banned in Russia in the first place. If you come to disagree you may want to post a link to the law prohibiting the use of Bitcoin in Russia, as simple as it gets. It is obvious as day that you are confusing commentaries of some officials about possible ban of Bitcoin use and mining with actual adoption and implementation of such a law (which has never been the case)

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March 25, 2017, 05:37:52 AM
 #505

The only situation that bitcoin would die is when the market cap of it turns to zero. As of now, as the price is normally falling. It's a normal thing for me, if we are going to look at the charts it did happened already. And right now it is just repeating. Just because there's an issue about BU and other things this isn't going to make bitcoin dead.



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HAS BEEN RELEASED!


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Rainbot
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March 25, 2017, 07:06:23 AM
 #506

The only situation that bitcoin would die is when the market cap of it turns to zero. As of now, as the price is normally falling. It's a normal thing for me, if we are going to look at the charts it did happened already. And right now it is just repeating. Just because there's an issue about BU and other things this isn't going to make bitcoin dead.
I think bitcoin will die if no one use it and we know it is not possible. Also, bitcoin can die if internet was gone because you can only access the bitcoin if you have internet and that wil never happened. Although the value of bitcoin is now decresing it doesn't mean that bitcoin is gonna die, it's just normal. I think there's no reason for bitcoin to die.

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Farma
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March 25, 2017, 07:10:51 AM
 #507

The only situation that bitcoin would die is when the market cap of it turns to zero. As of now, as the price is normally falling. It's a normal thing for me, if we are going to look at the charts it did happened already. And right now it is just repeating. Just because there's an issue about BU and other things this isn't going to make bitcoin dead.
I think bitcoin will die if no one use it and we know it is not possible. Also, bitcoin can die if internet was gone because you can only access the bitcoin if you have internet and that wil never happened. Although the value of bitcoin is now decresing it doesn't mean that bitcoin is gonna die, it's just normal. I think there's no reason for bitcoin to die.
you are right. although there is, it's probably just because of the Internet network connection. Well, bitcoin will always be used, and every time you use bitcoin, then bitcoin will remain alive. for the moment, probably bitcoin will not die, even in a very long period of time.

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Yanisumin
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March 26, 2017, 01:47:41 PM
 #508

if all goverment from around the world is banned btc , mostly impossible

Yup, that is one of the things that I fear about. Look what happened to all medicinal plants that can kill cancer cells and cure diseases, to the inventions that just vanish that can help sustain better economy and reduce global warming, to the intelligent people who have better ideas that can help the world.
Herbs= banned

What herbs are you talking about specifically?


Specifically speaking cannabis and kratom are herbal plants that has been banned by the DEA and the government.( Cannabis is already legalize to some country ). Scientifically speaking these herbal plants are proven to cure such diseases ( diarrhea, treatment for opiate addiction, cancer cells ).
Tho' there are some groups and individuals that is fighting to legalize such plants, the government is still denying the fact that these plants means no harm to both human and environment.


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March 26, 2017, 05:28:06 PM
 #509

The only situation that bitcoin would die is when the market cap of it turns to zero. As of now, as the price is normally falling. It's a normal thing for me, if we are going to look at the charts it did happened already. And right now it is just repeating. Just because there's an issue about BU and other things this isn't going to make bitcoin dead.
I think bitcoin will die if no one use it and we know it is not possible. Also, bitcoin can die if internet was gone because you can only access the bitcoin if you have internet and that wil never happened. Although the value of bitcoin is now decresing it doesn't mean that bitcoin is gonna die, it's just normal. I think there's no reason for bitcoin to die.

If that is the way that bitcoin will die then we all know that it is not really going to happen as most of us loves to use bitcoin. And everything to be fine now even though there's a lot of work to do with those people that are actually want to ruin bitcoin. Look even though there are people that wants to ruin the core bitcoin, still many loves to stay, so it won't be dead soon.



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HAS BEEN RELEASED!


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March 26, 2017, 08:28:36 PM
 #510

The only situation that bitcoin would die is when the market cap of it turns to zero. As of now, as the price is normally falling. It's a normal thing for me, if we are going to look at the charts it did happened already. And right now it is just repeating. Just because there's an issue about BU and other things this isn't going to make bitcoin dead.
I think bitcoin will die if no one use it and we know it is not possible. Also, bitcoin can die if internet was gone because you can only access the bitcoin if you have internet and that wil never happened. Although the value of bitcoin is now decresing it doesn't mean that bitcoin is gonna die, it's just normal. I think there's no reason for bitcoin to die.
you are right. although there is, it's probably just because of the Internet network connection. Well, bitcoin will always be used, and every time you use bitcoin, then bitcoin will remain alive. for the moment, probably bitcoin will not die, even in a very long period of time.
yeah internet network is very much important for bitcoin because bitcoin is depend in internet and we can use our bitcoin through internet in anywhere for online shopping around the world.

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March 26, 2017, 11:24:49 PM
 #511

The only situation that bitcoin would die is when the market cap of it turns to zero. As of now, as the price is normally falling. It's a normal thing for me, if we are going to look at the charts it did happened already. And right now it is just repeating. Just because there's an issue about BU and other things this isn't going to make bitcoin dead.
I think as long bitcoin users still have at least 3 people will continue to exist bitcoin turnaround in the market or there marketcap. so it will be very difficult to happen viewed bitcoin has millions of users



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March 26, 2017, 11:31:25 PM
 #512

Bitcoin would stop if it is banned, or if there is not more internet. and better still if rapture happens.Lol
but i do not think that bitcoin is going to be banned, as bitcoin is now becoming more stable and popular therefore i think it is not becoming more difficult for the governments to bane bitcoin, but they are gong to legalize bitcoin in their countries.
Lol although bitcoin popular though. prohibited or legal it's up to the decision of the government. if bitcoin hurt that country the government would banned bitcoin despite bitcoin popular
the government will not see bitcoin popular or not to decide is it bitcoin will be banned or not. although bitcoin famous and popular, it has many users, if the government wants... the government would be banning bitcoin



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March 26, 2017, 11:55:24 PM
 #513

Not even a single price drop may kill and end bitcoins and other big altcoins out on trading markets.I think the most common thing that will kill bitcoins is us and the network.If we stop using bitcoins and if the network have really big issues on bitcoins and on blockchain


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March 27, 2017, 02:03:13 AM
 #514

Bitcoin would stop if it is banned, or if there is not more internet. and better still if rapture happens.Lol
but i do not think that bitcoin is going to be banned, as bitcoin is now becoming more stable and popular therefore i think it is not becoming more difficult for the governments to bane bitcoin, but they are gong to legalize bitcoin in their countries.
Lol although bitcoin popular though. prohibited or legal it's up to the decision of the government. if bitcoin hurt that country the government would banned bitcoin despite bitcoin popular
Same thing happened in Russia. It didn't make any collapse in the country's economy, but the government feared on its potential and issued a ban on bitcoin usage. Soon after this they made a committee to know better about it and understood it's potential and the ban have been taken off and has planned to implement the technology into their financial system.
the government will undertake the implementation of bitcoin bitcoin if they can already control. as long as the government can not control the bitcoin then the government will not continue to implement their system to the bitcoin system
btw ban will not make bitcoin die



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March 27, 2017, 12:05:27 PM
 #515

It can be anything. The point is that we have to be very careful and smart. I bet that nobody want to lose his money, that why we have to keep any problem out and focused what's the best for BTC and us. But even that will not all the people happy. Still I believe there are many out there that we want to be the richest people in the world and they will do anything for that. So we have to be very careful!
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March 27, 2017, 12:12:13 PM
 #516

Bitcoin would stop if it is banned, or if there is not more internet. and better still if rapture happens.Lol
but i do not think that bitcoin is going to be banned, as bitcoin is now becoming more stable and popular therefore i think it is not becoming more difficult for the governments to bane bitcoin, but they are gong to legalize bitcoin in their countries.
Lol although bitcoin popular though. prohibited or legal it's up to the decision of the government. if bitcoin hurt that country the government would banned bitcoin despite bitcoin popular
Yes that is right a government can ban it in their country just like they ban anything in their country which they thing is not in the favor of their state. In the past we saw some countries doing that but after that they felt it is not good to ban it because bitcoin has many benefits to any state.

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March 27, 2017, 12:21:41 PM
 #517

 :)If people lose faith in the security of the network for one reason or another then bitcoin could die. no matter how many times i look at the numbers i always have this idea in my head that an address could finally be cracked with a super computer ie one of satoshis old addresses, this would obviously be catastrophic . Maybe after years of not achieving mass adoption price will slowly taper off and die, to me this is the most likely case.
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March 27, 2017, 12:35:35 PM
 #518

Bitcoin would stop if it is banned, or if there is not more internet. and better still if rapture happens.Lol
but i do not think that bitcoin is going to be banned, as bitcoin is now becoming more stable and popular therefore i think it is not becoming more difficult for the governments to bane bitcoin, but they are gong to legalize bitcoin in their countries.
just because bitcoin popular does not mean the government should make legalization in bitcoin. and besides ban on bitcoin will not make bitcoin die? This time though there are many countries that ban bitcoin

Yup, the very thought is true. because right now it's a lot of things that are popular but not yet completely become legal in some countries, such as gambling, prostitutes, etc. So the bitcoin can also be the same thing as the other. For bitcoin can give us an advantage, a time when it also I would still do it. Profit is the most important thing than the legality of the Government which is not necessarily going to make us bigger profits
 

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March 27, 2017, 01:00:32 PM
 #519

:)If people lose faith in the security of the network for one reason or another then bitcoin could die. no matter how many times i look at the numbers i always have this idea in my head that an address could finally be cracked with a super computer ie one of satoshis old addresses, this would obviously be catastrophic . Maybe after years of not achieving mass adoption price will slowly taper off and die, to me this is the most likely case.
i think people will find other ways to use bitcoin but not going to die in any case. bitcoin is now becoming one of the most essential part of our life therefore it is now becoming difficult that bitcoin will die.



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March 27, 2017, 01:01:31 PM
 #520

Bitcoin would stop if it is banned, or if there is not more internet. and better still if rapture happens.Lol
but i do not think that bitcoin is going to be banned, as bitcoin is now becoming more stable and popular therefore i think it is not becoming more difficult for the governments to bane bitcoin, but they are gong to legalize bitcoin in their countries.
just because bitcoin popular does not mean the government should make legalization in bitcoin. and besides ban on bitcoin will not make bitcoin die? This time though there are many countries that ban bitcoin

Yup, the very thought is true. because right now it's a lot of things that are popular but not yet completely become legal in some countries, such as gambling, prostitutes, etc. So the bitcoin can also be the same thing as the other. For bitcoin can give us an advantage, a time when it also I would still do it. Profit is the most important thing than the legality of the Government which is not necessarily going to make us bigger profits
 
The support the government would be significant not only for bitcoin holders but also for the community. Bitcoin currency is the great opportunity to overtake the difficulties the way we do transaction due to over charge of taxation by government. Thus, if government would support bitcoin, opportunities would certainly come not only for few people but also for the entire human race.

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