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Author Topic: In what situation would Bitcoin die?  (Read 94800 times)
Pattart
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April 22, 2017, 11:47:41 PM

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

If people stop using bitcoin, bitcoin will be dead. We see it in many altcoins. Some new altcoins are rising in price when demanded. Later, when people stop using it they dead.

Apart from this, the bitcoin system will always be.
yeah if bitcoin users stop to using bitcoin then it will be dead but its impossible because a lot of people are using bitcoin and altcoin will be never rise than bitcoin because there is a lot of services are available on bitcoin.
users like heart for bitcoin. if the user is no longer using bitcoin or all users away from the bitcoin bitcoin will die and will live again when the user comes back
yes that is right but if the users will leave bitcoin then it will then take too much time to recover when the users start to work again so from the start everyone have to support bitcoin for their success and for the strength of bitcoin.
very simple if you feel helped and life be changed because bitcoin at least  keep using bitcoin. then bitcoin will continue to live and survive


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April 23, 2017, 02:23:32 AM

I think that Bitcoin can die in the event that most countries formally make an official ban on him.

technically speaking, can bitcoin really be banned?

You were born yesterday, am I right?

Bitcoin was banned on some countries years ago such as Bangladesh, Bolivia, etc. See for yourself here https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/#. That was last May 2015, some countries listed there accepts bitcoin now or on the process of acceting bitcoin. So banning bitcoin in a particular country is very possible. They have their own reason of doing so.
Banning bitcoin within the laws is the easy part, how are they going to enforce the ban is another story, look at file sharing the music and movie industry have done everything in  their power to stop people form doing such a thing and nothing has changed bitcoin is similar, for the determined user of bitcoin no ban is going to stop him.

That is correct. The government cannot really stop people from using bitcoin even though it is illegal in their country. If only the government can monitor every single citizen, then they can enforce their act of banning bitcoin but since this is too difficult for them, it is all up to the people if they will compromise and comply with their laws or not.

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April 23, 2017, 02:32:06 AM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

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April 23, 2017, 02:36:34 AM

bitcoin would not die if there are still any demand and trade even if bitcoin be banned maybe there will be some people still make transaction anonymously
It all comes down to the community and whether or not Bitcoin could retain them regardless of what was happening at any point. As long as the community remains with Bitcoin, there will still be the network, and Bitcoin will not be dead.
They can kill the community in a number of ways, but it's hard to remove everyone from the equation. It's a numbers game, and it's a game they don't like to look at.
Bitcoin will continue for a long while yet.
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April 23, 2017, 06:09:19 AM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin.. Seems like  joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die Smiley

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April 23, 2017, 06:36:40 AM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin.. Seems like  joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die Smiley
True, without anyone looking for, and using bitcoin, then it will certainly disappear, and no longer needed. But, looking at the circumstances that currently occur, maybe it will not happen, because now more and more people are looking for, and need bitcoin.


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hajimasan
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April 23, 2017, 06:55:14 AM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin.. Seems like  joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die Smiley
True, without anyone looking for, and using bitcoin, then it will certainly disappear, and no longer needed. But, looking at the circumstances that currently occur, maybe it will not happen, because now more and more people are looking for, and need bitcoin.
Yeah , you said true , the demand of the bitcoin is going increasing speedly so there is no chance of the bitcoin .
But it get die if the whole world make demand to ban the use of bitcoin in whole world , but this is impossible Currently  and also in the future​ Because it has big advantage for us to get earning with bitcoin in bulk .
And also the most of the countries are looking to legalise the bitcoin use , here in my country also legalisation will happen in one to two months .
So here die of bitcoin is impossible and it is worst to think that bitcoin will ever got die .


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PancherBitCoin
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April 23, 2017, 07:56:03 AM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin.. Seems like  joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die Smiley
True, without anyone looking for, and using bitcoin, then it will certainly disappear, and no longer needed. But, looking at the circumstances that currently occur, maybe it will not happen, because now more and more people are looking for, and need bitcoin.
Yeah , you said true , the demand of the bitcoin is going increasing speedly so there is no chance of the bitcoin .
But it get die if the whole world make demand to ban the use of bitcoin in whole world , but this is impossible Currently  and also in the future​ Because it has big advantage for us to get earning with bitcoin in bulk .
And also the most of the countries are looking to legalise the bitcoin use , here in my country also legalisation will happen in one to two months .
So here die of bitcoin is impossible and it is worst to think that bitcoin will ever got die .
In my opinion, bitcoin can save legalization, because sooner or later it
will be taken by the special services. This is all due to the use of crypto
currency in the illegal activity and, in addition, the mass evasion of the
oligarchs from the splash of taxes using bitcoins. Crypto currency began
to replace Swiss banks.


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April 23, 2017, 08:05:38 AM

If you would based on the idea of bitcoin which is decentralized type of currency then you would understand that it is a peer to peer type of currency as well which means this badly needs the support of the users to keep it alive

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CuriousGeorge
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April 23, 2017, 08:32:34 AM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin.. Seems like  joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die Smiley
contradictory statement you made there, saying no one need bitcoin but saying people moving toward bitcoin from fiat afterwards, your sentence is just as awkward as your logic

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April 23, 2017, 09:02:50 AM

Extreme price dump and if people will be able to find an new altcoins that will beat bitcoins price,and popularity.Almost all people dont believe that there maybe some coins that will beat bitcoins  but it is really possible


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FlightyPouch
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April 23, 2017, 12:17:03 PM

Extreme price dump and if people will be able to find an new altcoins that will beat bitcoins price,and popularity.Almost all people dont believe that there maybe some coins that will beat bitcoins  but it is really possible

I don't think about these really, if you think about it, when bitcoin dump it's price, users will be buying bitcoin, they will be taking advantage of the price being dumped. And the price again will be pumping up in no time like there are no extreme dump that happen. And finding a new altcoin that will replace bitcoin is possible, but it will take a lot of years before it happen.

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MWesterweele
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April 23, 2017, 01:00:29 PM

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

It will die if no one will be ever use it, or no one can be ever to invest on it. Currencies must be circulate in order for it to live longer and cannot be overcome by other currencies.

yes that's what Iam saying, it will die it no one spends it and no one invested on it. It will die if everybody stores it and keeps it, bitcoin must be circulates in order for it to live very long.

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revans
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April 23, 2017, 01:03:47 PM

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

It will die if no one will be ever use it, or no one can be ever to invest on it. Currencies must be circulate in order for it to live longer and cannot be overcome by other currencies.

yes that's what Iam saying, it will die it no one spends it and no one invested on it. It will die if everybody stores it and keeps it, bitcoin must be circulates in order for it to live very long.

I don't think that everyone is simply holding it and not spending as majority of users are spending them on trading and gambling sites so I don't think that can be a reason behind bitcoin becoming dead and it can disappear only if the price of bitcoins fall to zero level in future and I don't think that is ever possible.
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April 23, 2017, 01:08:33 PM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin.. Seems like  joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die Smiley

Really?
Curb you enthusiasm a bit.
If everybody would be shifting from fiat we would have around 4 to 20 billions transactions a day not 200 000.
And this only from personal purchases, not including financial transactions and funds merging from btc receivers.

We are getting there but it's more like 1% a year instead of everybody.




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April 23, 2017, 01:27:14 PM

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

If no one use it then it would die.  I guess this would never gonna happen.

https://bitcoinprofit.net/agent/coinbitte is growing my BTC by 0.72-1.44% each day, currently Paying
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April 23, 2017, 01:29:42 PM

Extreme price dump and if people will be able to find an new altcoins that will beat bitcoins price,and popularity.Almost all people dont believe that there maybe some coins that will beat bitcoins  but it is really possible
That's possible to happen in the future, crypto is full of surprises so it's good to take chances of holding cheap altcoins now.
No one could tell but if the current situation will change and new coins will emerge, it could change our life and we will be rich.

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Yakamoto
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April 23, 2017, 01:32:39 PM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin.. Seems like  joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die Smiley
True, without anyone looking for, and using bitcoin, then it will certainly disappear, and no longer needed. But, looking at the circumstances that currently occur, maybe it will not happen, because now more and more people are looking for, and need bitcoin.
Yeah , you said true , the demand of the bitcoin is going increasing speedly so there is no chance of the bitcoin .
But it get die if the whole world make demand to ban the use of bitcoin in whole world , but this is impossible Currently  and also in the future Because it has big advantage for us to get earning with bitcoin in bulk .
And also the most of the countries are looking to legalise the bitcoin use , here in my country also legalisation will happen in one to two months .
So here die of bitcoin is impossible and it is worst to think that bitcoin will ever got die .
In my opinion, bitcoin can save legalization, because sooner or later it
will be taken by the special services. This is all due to the use of crypto
currency in the illegal activity and, in addition, the mass evasion of the
oligarchs from the splash of taxes using bitcoins. Crypto currency began
to replace Swiss banks.
I'm not sure what you mean by "bitcoin can save legislation".

As for your Bitcoin being taken by whatever SS you have in your country, I'd be surprised if they're able to ID you if you don't have any defining information about you available. Just take your name/account off of exchanges, use pseudonyms, whatever. That's basically the simplest way to prevent any major things from affecting you.














 

 

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BitBlender 

 













 















 












 
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Mr
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April 23, 2017, 02:42:11 PM

digital things can not be killed. It bases on the internet and as long as the internet keeps surviving, nothing can harm it. Bitcoin prices may drop but It will never die. BItcoin will exist for a long long time

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deisik
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April 23, 2017, 03:07:51 PM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin.. Seems like  joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die Smiley
True, without anyone looking for, and using bitcoin, then it will certainly disappear, and no longer needed. But, looking at the circumstances that currently occur, maybe it will not happen, because now more and more people are looking for, and need bitcoin.
Yeah , you said true , the demand of the bitcoin is going increasing speedly so there is no chance of the bitcoin .
But it get die if the whole world make demand to ban the use of bitcoin in whole world , but this is impossible Currently  and also in the future Because it has big advantage for us to get earning with bitcoin in bulk .
And also the most of the countries are looking to legalise the bitcoin use , here in my country also legalisation will happen in one to two months .
So here die of bitcoin is impossible and it is worst to think that bitcoin will ever got die .
In my opinion, bitcoin can save legalization, because sooner or later it
will be taken by the special services. This is all due to the use of crypto
currency in the illegal activity and, in addition, the mass evasion of the
oligarchs from the splash of taxes using bitcoins. Crypto currency began
to replace Swiss banks.
I'm not sure what you mean by "bitcoin can save legislation".

As for your Bitcoin being taken by whatever SS you have in your country, I'd be surprised if they're able to ID you if you don't have any defining information about you available. Just take your name/account off of exchanges, use pseudonyms, whatever. That's basically the simplest way to prevent any major things from affecting you.

I guess that poster meant that Bitcoin can be saved by legislation

Though I don't quite see what he might mean by saving Bitcoin in this way. Apart from that, I don't think local special services will have hard time finding out who is behind this or that transaction if the guy they are looking lives in that country or area. If you are an active trader, your name might be already well known to whoever might be interested in the government to pin you up (provided you are really worth it)

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