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Author Topic: In what situation would Bitcoin die?  (Read 95604 times)
sunsilk
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May 06, 2017, 08:37:30 AM
 #941

I think bitcoin will die if there is world war!!!
bitcoin as of today is very known to all the world as digital currency and it's gaining its power to the highest level of amount value than other local currency and used to all of the country as of now.


So it means that because of world war III bitcoin will be dead? I don't think it will be dead just because of that war.

Because after the reconstruction of all the casualties that will be affected by that war, bitcoin and facilities will be back to normal.

There's no way for bitcoin to be dead at all.

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May 06, 2017, 09:13:59 AM
 #942

it's life depend on the people if pay attention to it.
no body pay by it,no body regard it as a investment ,it's life is end up.

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May 06, 2017, 11:10:36 AM
 #943


it's life depend on the people if pay attention to it.
no body pay by it,no body regard it as a investment ,it's life is end up.

i don't think that people will leave bitcoin by no reason, look at the increasing number of the users of bitcoin they are increasing at a very rapid rate and also people are investing their money in bitcoin so i don't think that they will leave bitcoin and besides that those people who are jobless they are also bind with bitcoin, so i think bitcoin will not end up.



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Hypnosis00
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May 06, 2017, 11:33:58 AM
 #944

Bitcoin will die if there will be no demand in the market and there is no people using bitcoin because the only source of stability of bitcoin market is its demand so if the market will lack of demand then that will be the reason for bitcoin to die and suffer a huge loss on the market but there is no possibility for bitcoin to experience that because the market is very active now.

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Dizaster2015
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May 06, 2017, 11:49:21 AM
 #945

Bitcoin will die if there will be no demand in the market and there is no people using bitcoin because the only source of stability of bitcoin market is its demand so if the market will lack of demand then that will be the reason for bitcoin to die and suffer a huge loss on the market but there is no possibility for bitcoin to experience that because the market is very active now.

Yes, it exists only because of the constant demand of users as well as any other crypto currency.
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May 06, 2017, 11:51:28 AM
 #946

Bitcoin will die if there will be no demand in the market and there is no people using bitcoin because the only source of stability of bitcoin market is its demand so if the market will lack of demand then that will be the reason for bitcoin to die and suffer a huge loss on the market but there is no possibility for bitcoin to experience that because the market is very active now.
Today Watching as Bitcoin has risen more than 1500 dollars, I would like to hear those skeptics who negatively spoke about Bitcoin or even talked about his death. It seems to me that I did not shut my mouth when Bitcoin grows further.
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May 06, 2017, 11:59:40 AM
 #947

i'v often thought of that when debating whether to buy more coin, and i can't come up with any scenario in which Bitcoin would die, short of the end of the world.

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May 06, 2017, 02:20:48 PM
 #948

Bitcoin will die if there will be no demand in the market and there is no people using bitcoin because the only source of stability of bitcoin market is its demand so if the market will lack of demand then that will be the reason for bitcoin to die and suffer a huge loss on the market but there is no possibility for bitcoin to experience that because the market is very active now.

Yes, it exists only because of the constant demand of users as well as any other crypto currency.
Do not worry about it, most of bitcoin users are trader, So bitcoin will always flowing. I agree that bitcoin will die if no one use it because we are who give this awesome and usefull  thecnology a value as money. The number of bitcoin users are increasing so it will not be die.

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May 06, 2017, 03:34:11 PM
 #949

Bitcoin will die if there will be no demand in the market and there is no people using bitcoin because the only source of stability of bitcoin market is its demand so if the market will lack of demand then that will be the reason for bitcoin to die and suffer a huge loss on the market but there is no possibility for bitcoin to experience that because the market is very active now.

Yes, it exists only because of the constant demand of users as well as any other crypto currency.
Do not worry about it, most of bitcoin users are trader, So bitcoin will always flowing. I agree that bitcoin will die if no one use it because we are who give this awesome and usefull  thecnology a value as money. The number of bitcoin users are increasing so it will not be die.
If the transactions per block problem isn't solved then the day isn't far that most of bitcoin users will go towards other cryptocoins like ethereum or monero.

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May 06, 2017, 03:53:40 PM
 #950

IMO, Bitcoin will die if there will be a big war that will happen because a lot of countries will be involved to that and there is possibility for a huge chaotic situation that can destroyed a lot of structures and soon it will make a lot of people panic and they will sell their bitcoin until bitcoin will get a lot of dump and it will die.

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May 06, 2017, 04:12:03 PM
 #951

IMO, Bitcoin will die if there will be a big war that will happen because a lot of countries will be involved to that and there is possibility for a huge chaotic situation that can destroyed a lot of structures and soon it will make a lot of people panic and they will sell their bitcoin until bitcoin will get a lot of dump and it will die.

If will be a big war we all are dead. Everyone will give a shit. But local wars help bitcoin to grow

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May 06, 2017, 04:39:54 PM
 #952

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 dont think bitcoin addresses are get cracked very easily or its impossible for now or in near future, people are getting to know more about bitcoin so far it easyy to use and people are using them so no to "die" because of  "not achieving mass adoption price" its fluctuate like fiat currency exchange

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May 06, 2017, 04:44:04 PM
 #953

IMO, Bitcoin will die if there will be a big war that will happen because a lot of countries will be involved to that and there is possibility for a huge chaotic situation that can destroyed a lot of structures and soon it will make a lot of people panic and they will sell their bitcoin until bitcoin will get a lot of dump and it will die.
not every country get involved in war or world war, War can put big affect on price of Bitcoin it might be go to 10 to 20 $ but not die.

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May 06, 2017, 04:51:00 PM
 #954

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 dont think bitcoin addresses are get cracked very easily or its impossible for now or in near future, people are getting to know more about bitcoin so far it easyy to use and people are using them so no to "die" because of  "not achieving mass adoption price" its fluctuate like fiat currency exchange
About cracking bitcoin address..... even if you start cracking an address today, it would take 100s of years and maybe forever to crack a single address and the most feared is the quantum computing which occurs at atomic level and consider 0s and 1s at the same time using superposition principle and is said to just destroy the bitcoin blockchain and also mine all the coins instantly if applied to bitcoin mining.

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May 06, 2017, 05:05:40 PM
 #955

It includes lots of scenarios like people's trust towards bitcoin, miners stop mining,block chain stop functioning etc .

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May 06, 2017, 05:24:36 PM
 #956

I think only two incident can make bitcoin die. Firstly the price decrease for sure. because we all invested in bitcoin because we know bitcoin has a huge potential to go up in future. So if bitcoin price decrease to an insane level and we see no sign to increase it again, it may die.

secondly, legality issue can destroy bitcoin also. If the governments decide to ban all websites related to bitcoin and start cracking up bitcoin users, then also bitcoin will die unfortunately. However, none of these two incidents would happen very soon and ever.

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May 06, 2017, 05:35:25 PM
 #957

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 dont think bitcoin addresses are get cracked very easily or its impossible for now or in near future, people are getting to know more about bitcoin so far it easyy to use and people are using them so no to "die" because of  "not achieving mass adoption price" its fluctuate like fiat currency exchange
About cracking bitcoin address..... even if you start cracking an address today, it would take 100s of years and maybe forever to crack a single address and the most feared is the quantum computing which occurs at atomic level and consider 0s and 1s at the same time using superposition principle and is said to just destroy the bitcoin blockchain and also mine all the coins instantly if applied to bitcoin mining

I don't think that you will be able to mine all bitcoins instantly

Even if you take the most advanced quantum computing device ever possible. How come? Because not all algos are suitable for efficient use in quantum computing. As far as I know, it could be used to crack a certain public key, i.e. to find collisions that would hash to that public key, but this has nothing to do with mining. On the other hand, even if currently used algo is vulnerable, it can be quickly substituted with another, more quantum computing resistant, and we will be back to square one

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May 07, 2017, 12:46:30 AM
 #958

I think only two incident can make bitcoin die. Firstly the price decrease for sure. because we all invested in bitcoin because we know bitcoin has a huge potential to go up in future. So if bitcoin price decrease to an insane level and we see no sign to increase it again, it may die.

secondly, legality issue can destroy bitcoin also. If the governments decide to ban all websites related to bitcoin and start cracking up bitcoin users, then also bitcoin will die unfortunately. However, none of these two incidents would happen very soon and ever.

First: There's just too much people that are all-in for the long haul in bitcoins. If the price decrease, some will just hodl, some will protect the coin and put a wall so the price won't go down any further. It's pretty obvious that if the price goes down insanely low, then people are going to pick the coin up, collect as much as they can in hopes that the price would go back to normal and earn profits.

Second: Ehm. Legality issue, I don't think that can ever be considered an issue because bitcoin resides on the Internet. The government has banned tons of activities on the Internet but we have online gambling, porn sites, and drug deals in one quick google Search. And then the deep web has become a total marketplace for people that can't put their online store in the normal web. And it seems that very little to none of this people has ever encountered "legality issues".

Internet is freedom. Grin


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naughty1
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May 07, 2017, 02:37:44 AM
 #959

Bitcoin will die if there will be no demand in the market and there is no people using bitcoin because the only source of stability of bitcoin market is its demand so if the market will lack of demand then that will be the reason for bitcoin to die and suffer a huge loss on the market but there is no possibility for bitcoin to experience that because the market is very active now.
Today Watching as Bitcoin has risen more than 1500 dollars, I would like to hear those skeptics who negatively spoke about Bitcoin or even talked about his death. It seems to me that I did not shut my mouth when Bitcoin grows further.

I agree with you. There is no longer anything to argue when bitcoin is at its peak, this is the record bitcoin price since its inception. Although it has been a long-lived currency, it has had the same development as its predecessors. One step leaping. Just through my sleep, when I wake up and look at the price of bitcoin. It was my surprise, really surprised, I could not believe myself anymore. Bitcoin is really too strong.

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May 07, 2017, 03:00:25 AM
 #960

Except where there is no human on earth.
I don't think there is anything that will kill bitcoin.
Bitcoin has at a point that nothing will destroy or stop it.

Yes there's no way to destroy bitcoin right now, the only way that I can see to make bitcoin dead is making it's market cap get back to zero. But that is very impossible to happen, because it's already a chart of bitcoin that every day counts the market cap of bitcoin gets higher and there's more people that are investing.


exacly. and making it go back to zero means that there will be no more demand to bitcoin. and i dont think it will happen that the market cap will go back to zero. bitcoin is becoming more popular right now and i dont think there will be something that will make it dead.

 
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