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Author Topic: In what situation would Bitcoin die?  (Read 101127 times)
Baby Dragon
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April 23, 2017, 02:32:06 AM
 #821

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
 #822

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
 #823

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
 #824

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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April 23, 2017, 06:55:14 AM
 #825

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
 #826

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
 #827

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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April 23, 2017, 08:32:34 AM
 #828

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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thend1949
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April 23, 2017, 09:02:50 AM
 #829

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
 #830

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
 #831

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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.TWITTER   LINKEDIN   MEDIUM.
.......FACEBOOK   TELEGRAM......

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revans
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April 23, 2017, 01:03:47 PM
 #832

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
 #833

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
 #834

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
 #835

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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April 23, 2017, 01:32:39 PM
 #836

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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Mr
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April 23, 2017, 02:42:11 PM
 #837

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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April 23, 2017, 03:07:51 PM
 #838

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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April 23, 2017, 03:13:20 PM
 #839

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

Bitcoin will surely exist for next 10 years as I don't see any competition to it till that point of time but not sure what will be the scenario after that as the technology gets more advanced then there is a full possibility that it can get replaced by some new technology in future.

                                                                               
                
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April 23, 2017, 04:38:04 PM
 #840

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

I agree that this is a major drawback

In other words, Bitcoin is not yet ready for "production" if we speak in terms of processing capacity. But it has already proved that it can exist, and not just lead a wretched existence and live a dog's life but defy even the most powerful governments as well as currencies. Basically, we face just one major problem, i.e. how to scale up Bitcoin. And the solutions are already there and they fit perfectly into the decentralized paradigm of Bitcoin. Once they are implemented, Bitcoin will get virtually unlimited processing capacity, and this capacity will only increase with further Bitcoin adoption. This is the thing which distinguishes Bitcoin from mastercards and their likes. This is how a genuine money should work

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