andaresta
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June 18, 2017, 04:36:21 AM |
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When the bitcoin users are dying it will just die, but as long as bitcoin is still always sought by its users then it will never happen, and I'm sure bitcoin will never die
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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ladydark
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June 18, 2017, 04:58:24 AM |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
If there is no demand to buy bitcoins,then bitcoin would eventually die.But,with the ever growing increase in demand for bitcoins,its highly impossible for such a situation to occur.But,in future,may be after twenty years,when quantum computing would be introduced,bitcoin may die.But we could hope that essential preventive measures would be taken to avoid such disaster. |
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mornabo
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June 18, 2017, 05:23:31 AM |
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One way that bitcoin would die would be if another type of online currency became so successful that it makes people completely ignore bitcoin.
One of the other cryptocurrencies that have the chance to compete with bitcoin is their ETH has a remarkable development. And ETH prices also skyrocketed. Maybe in the future ETH will be a tough competitor for bitcoin. And competitors can also make bitcoin die |
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DoublerHunter
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June 18, 2017, 06:57:49 AM |
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One way that bitcoin would die would be if another type of online currency became so successful that it makes people completely ignore bitcoin.
One of the other cryptocurrencies that have the chance to compete with bitcoin is their ETH has a remarkable development. And ETH prices also skyrocketed. Maybe in the future ETH will be a tough competitor for bitcoin. And competitors can also make bitcoin die Ethereum is already a tough competitor for bitcoin and a lot of people now are planning and thinking to migrate from ethereum to bitcoin because of the growth of ethereum that is showing some strength and potential in the long term investment just what like happen in bitcoin and i think ethereum will be the next bitcoin based on the market capitalization and also the features of it. |
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v0rtecxz
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June 18, 2017, 08:55:01 AM |
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I think bitcoin will not die, for now we see there are still many who trust this crypto currency good for various activities in cyberspace, besides the increasing market demand makes bitcoin persist at its peak, maybe there is only one alasa , Bitcoin can die if the country inhabited blocked internet access which resulted in can not access the internet
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Fatanut
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June 18, 2017, 10:25:18 AM |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
If an attack in the Bitcoin network occur there might be a possibility that bitcoin may stop functioning. Attacking Bitcoin nodes may intercept bitcoin traffic thus resulting in a delay to block propagation that can cause a significant amount of mining power to be wasted. Not at all. When there's an attack on the bitcoin network or the 51% attack, it would run just the same but others might become terrified and sell their bitcoins. Hence, making the price of bitcoin go down. Bitcoin is decentralized and taking down nodes of it will be useless since there are tons of other people running a node out there. That's the beauty of bitcoins. Do you really think no one has tried attacking the bitcoin network before? Of course there is but there's none that has made enough damage so far even the PBoC that we thought would take bitcoin down only made a momentary damage. |
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conected
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June 18, 2017, 10:46:54 AM |
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I think bitcoin will not die, for now we see there are still many who trust this crypto currency good for various activities in cyberspace, besides the increasing market demand makes bitcoin persist at its peak, maybe there is only one alasa , Bitcoin can die if the country inhabited blocked internet access which resulted in can not access the internet
- No, I do not think so, in the end everything will also die, the only problem is the time, in the distant future bitcoin will also die, Bitcoin can not exist forever as your thoughts are, there will definitely be another virtual currency replacing bitcoin. But at the moment, bitcoin certainly will not die because now is the time of its peak, it is in the development stage and is gradually improving itself, Bitcoin will still be the ideal investment destination for all investors for many years to come. |
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Eternu
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June 18, 2017, 11:00:45 AM |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Well i guess it would happen if bitcoin become worthless, which is near to zero if you ask me. Also it could happen if people stop using it, but i guess that is also less likely. Bitcoin could also have problems if governments of counties forbid using, or see bitcoin using as an illegal, but i am not sure how that could happen. There are some other things too, but it would be hard for bitcoin to die, even if it happens it will not happen instantly. |
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GreenBits
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Merit: 1048
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June 18, 2017, 11:12:08 AM |
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I think bitcoin will not die, for now we see there are still many who trust this crypto currency good for various activities in cyberspace, besides the increasing market demand makes bitcoin persist at its peak, maybe there is only one alasa , Bitcoin can die if the country inhabited blocked internet access which resulted in can not access the internet
Banning bitcoin and other cryptos by the government is not enough to make them die. Because as long as we are still here, the market is there and people will still use it, bitcoin will go undeeground first, it isn't going to die  And even if ISP's will block connections, I feel as though someone would make a work around, we are dealing with open sourced code here. |
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eann014
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June 18, 2017, 11:12:59 AM |
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I think when the time comes that some people stop using bitcoin and there are only few bitcoiners it will really end up that bitcoin will die, and also when there are also illegal transactions accepting bitcoin, because it will cause a bad record.
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fabianabank
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June 18, 2017, 12:15:18 PM |
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[/quote]
Ethereum is already a tough competitor for bitcoin and a lot of people now are planning and thinking to migrate from ethereum to bitcoin because of the growth of ethereum that is showing some strength and potential in the long term investment just what like happen in bitcoin and i think ethereum will be the next bitcoin based on the market capitalization and also the features of it.
[/quote]
Maybe that's why bitcoin had a fall for this week? Is it starting to split market with ETH?
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Polar91
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June 18, 2017, 12:18:36 PM |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Currently since bitcoin is growing, I don't see any reason why bitcoin would die in any perspective. I'm optimistic in what I'm investing thus I don't consider such things that could affect me negatively and something I know that will not happen. If people have an optimistic mind, none of negative will happen. |
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fabianabank
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June 18, 2017, 01:01:48 PM |
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I think it would only really die if the internet did not exist anymore, that's all.
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YOYOY
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June 18, 2017, 01:55:38 PM |
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In my own opinion bitcoin would only die if there's a new promising digital cryptocurrency, failure of the sha-256, if there are no more people who patronize bitcoin, and lastly I thought that it would die if all of the country would never accept bitcoin. But I never lose hope that it would die so easily if their are no big and widespread failure of the system of bitcoin, as I just see in bitcoin it will be the future of a fiat money running online.
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stompix
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Blackjack.fun
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June 18, 2017, 03:34:30 PM |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Currently since bitcoin is growing, I don't see any reason why bitcoin would die in any perspective. I'm optimistic in what I'm investing thus I don't consider such things that could affect me negatively and something I know that will not happen. If people have an optimistic mind, none of negative will happen. Said the dinosaur watching the asteroid. I think it would only really die if the internet did not exist anymore, that's all.
Actually no. As long as there is a single miner just like satoshi bitcoin would still be able to keep being "alive" even in a closed network. Banning bitcoin and other cryptos by the government is not enough to make them die. Because as long as we are still here, the market is there and people will still use it, bitcoin will go undeeground first, it isn't going to die And even if ISP's will block connections, I feel as though someone would make a work around, we are dealing with open sourced code here. Don't be so sure. Bitcoin is based on the people interest and faith in it. Once there is a strong assault against it followed by arrests and criminal charges people will start losing interest in it. Just imagine that all the exchanges would have their accounts frozen, who would still be trading? Betting websites would have their domains and nameservers suspended. Atms will be closed. Stores will stop accepting btc. Returning to the darkmarkets only? Not an option. But it won't happen.... I hope |
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MWesterweele
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June 18, 2017, 03:42:48 PM |
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Same as wannacry if a scenario arises affecting lots and lots of transaction and the entire network getting stuck will cause a downfall. But it won't cause a complete destruction, development team is strong enough to overcome such issues. Even the wannacry ransomware is cleared in a simple manner.
Yes maybe it is one of the reason why it may be die but still i dont think that bitcoin would die and it can never be back again. It will only fluctuates and for a couple of time it will be increase again. We dont need to worry about. Bitcoin has been there and it is now strong and tops all other coins. |
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choppork
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June 18, 2017, 05:33:18 PM |
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In my own opinion bitcoin would only die if there's a new promising digital cryptocurrency, failure of the sha-256, if there are no more people who patronize bitcoin, and lastly I thought that it would die if all of the country would never accept bitcoin. But I never lose hope that it would die so easily if their are no big and widespread failure of the system of bitcoin, as I just see in bitcoin it will be the future of a fiat money running online.
With that, bitcoin should have died quite a long time ago. There are new promising digital currencies today and there are also almost no country accepting bitcoin at all. The new digital currencies or the altcoins have every concept of bitcoin but they did add some more features. Unfortunately for them, these features aren't enough to take bitcoin down and it's also not enough for them to truly overthrow bitcoin which is one of their major goals. Only Japan and some other countries are accepting bitcoins for payment methods. The rest of the world, no idea at all. Most countries remain at neutral state. They surely heard of bitcoin but never recognized it as a legal currency or anything but for sure there are services out there that lets you pay with bitcoins to pay for services and whatnot. |
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dony chung
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June 18, 2017, 05:43:37 PM |
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If we come up to a worst situation that makes bitcoin die as a currency, I think that the main situation of it's price in the market will sadly drop down and worst is nobody will be spending and exchanging digital currency anymore.
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kpcian
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June 18, 2017, 07:27:46 PM |
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If we come up to a worst situation that makes bitcoin die as a currency, I think that the main situation of it's price in the market will sadly drop down and worst is nobody will be spending and exchanging digital currency anymore.
I completely agree with you on this issue, when bitcoin hasn't any consistency on the value or price, then people will become discouraged to get involved in this platform and that will be the situation of dying...but I don't think that time will come...I strongly believe that, Bitcoin will remain in the consistency level... |
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saenko
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June 18, 2017, 08:57:26 PM |
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If we come up to a worst situation that makes bitcoin die as a currency, I think that the main situation of it's price in the market will sadly drop down and worst is nobody will be spending and exchanging digital currency anymore.
I completely agree with you on this issue, when bitcoin hasn't any consistency on the value or price, then people will become discouraged to get involved in this platform and that will be the situation of dying...but I don't think that time will come...I strongly believe that, Bitcoin will remain in the consistency level... We all hope that nothing critical will happen with Bitcoin. I very much hope that the parties will agree and in the future will not fight a split. Because if there is a split, then this can scare investors and bitcoin from this very much suffer |
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