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Author Topic: In what situation would Bitcoin die?  (Read 101748 times)
chichigirl
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August 08, 2017, 03:45:34 AM
 #1301

It will eventually die when nobody invest in bitcoin like any artist when nobody support her or him, they are already useless. Bitcoin will consider useless without any investors.

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Aur3
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August 08, 2017, 03:46:06 AM
 #1302

one thing's for sure, no demand to use cryptocurrency which is not possible

No demand, yeah, it's possible but I'm not looking forward. Bitcoin is the future and we're now living its various benefits.

Let's make a change. Change makes you better. Change makes you smarter. Change makes you healthier.
SamsungBitcoin
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August 08, 2017, 03:53:21 AM
 #1303

one thing's for sure, no demand to use cryptocurrency which is not possible

No demand, yeah, it's possible but I'm not looking forward. Bitcoin is the future and we're now living its various benefits.
I do not see that bitcoin would lost a demand by the users, bitcoin continuous to adopt by people and countries that is why the demand will continuous to increase also the traders not stop to make a demand in bitcoin.
I think only blockchain can die bitcoin when it will stop to operate.

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sunsilk
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August 08, 2017, 03:53:21 AM
 #1304

It will eventually die when nobody invest in bitcoin like any artist when nobody support her or him, they are already useless. Bitcoin will consider useless without any investors.

This is the only way that bitcoin will be dead meat. But since then I doubt it that bitcoin will be dying very soon.

There's a lot of new coins that are coming out and keeps on saying that they are better than bitcoin and will take over the place.

But no one did ever win.

MRlong
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August 08, 2017, 04:00:29 AM
 #1305

one thing's for sure, no demand to use cryptocurrency which is not possible

No demand, yeah, it's possible but I'm not looking forward. Bitcoin is the future and we're now living its various benefits.
I do not see that bitcoin would lost a demand by the users, bitcoin continuous to adopt by people and countries that is why the demand will continuous to increase also the traders not stop to make a demand in bitcoin.
I think only blockchain can die bitcoin when it will stop to operate.
Well, if Blockchain system of Bitcoin can't running normally or always congested like before active BIP91, Bitcoin will loss many user and maybe not have people use Bitcoin is that time, because they transfer Bitcoin to other altcoin can use normal as Ethereum, Digibyte, Ripple ...
poplolnman
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August 08, 2017, 04:07:38 AM
 #1306

It will eventually die when nobody invest in bitcoin like any artist when nobody support her or him, they are already useless. Bitcoin will consider useless without any investors.

This is the only way that bitcoin will be dead meat. But since then I doubt it that bitcoin will be dying very soon.

There's a lot of new coins that are coming out and keeps on saying that they are better than bitcoin and will take over the place.

But no one did ever win.
bitcoin could move up so fast and skyrocketing , then why not it's get drop so deep until even completely disappeared? satoshi itself have said about this i guess. the future of bitcoin are in our own hands. if you still need it to use for whatever reason then bitcoin wouldn't die as long as there's an interest even from a small groups. for now i can only see the growth of bitcoin getting faster and faster. so there's nothing to worry.

I'm in 400,000 euros debt , dont help me , i rather die
fathur.aza
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August 08, 2017, 04:29:41 AM
 #1307

Maybe bitcoin will die if it's doomsday, because i still expect new generation of bitcoin, like what is the generation of bitcoin generation Huh
Nawaytes
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August 08, 2017, 04:30:24 AM
 #1308

No demand, yeah. You can imagine this :
(If) there is someone who had bought all Bitcoin, and hold them all for long time, or for some reason he didn't want to sell, lol Grin so there is no more Bitcoin in the world Grin
Japinat
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August 08, 2017, 04:55:29 AM
 #1309

No demand, yeah. You can imagine this :
(If) there is someone who had bought all Bitcoin, and hold them all for long time, or for some reason he didn't want to sell, lol Grin so there is no more Bitcoin in the world Grin
LOL, only idiot will do that, how in the world will he hold bitcoin when he is not getting any benefits from it, let's be realistic, we know that what made bitcoin increase its value is because of the demand without it, bitcoin will be dead.
Just like what happen in the past when there was a panic and it almost made bitcoin dead because the market collapse but good thing there are still people who trust it and circulate bitcoin so now we are in sitting in success.

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sunsilk
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August 08, 2017, 06:16:41 AM
 #1310

It will eventually die when nobody invest in bitcoin like any artist when nobody support her or him, they are already useless. Bitcoin will consider useless without any investors.

This is the only way that bitcoin will be dead meat. But since then I doubt it that bitcoin will be dying very soon.

There's a lot of new coins that are coming out and keeps on saying that they are better than bitcoin and will take over the place.

But no one did ever win.
bitcoin could move up so fast and skyrocketing , then why not it's get drop so deep until even completely disappeared? satoshi itself have said about this i guess. the future of bitcoin are in our own hands. if you still need it to use for whatever reason then bitcoin wouldn't die as long as there's an interest even from a small groups. for now i can only see the growth of bitcoin getting faster and faster. so there's nothing to worry.

We have the control on bitcoin's economy if we will support it then it won't be dying easily.

But if we choose to condemn it then bitcoin will be dying easily. As I can see today with bitcoin's situation, it's no way to be dead.

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August 08, 2017, 07:26:42 AM
 #1311

In my opinion, there are 3 areas that may bring down Bitcoin to an end.

1) Political- We can never say anything or question the government. If they feel that Bitcoin is affecting the country's economy, then they might ban it for that country.
2) Financial Crisis- We all know how financial crisis affects the whole world economy. With that, Bitcoin as something that is not yet stable and big like the other areas of the economy, might die together with the downfall of the world economy.
3) Internet Crash- Because who knows, maybe some day the internet will just become down and inaccesible because of factors such as protection due to nation conflicts.
sunneybitc
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August 08, 2017, 07:29:34 AM
 #1312

If network and internet is dead then only bitcoin dead.bitcoin is not accepting in some countries,because some problems with bitcoin,it is not transparent and can do transactions with anonymous names.here we have chances of gambling with bitcoins.if world wide people against with bitcoin we can vanish it.but it is not possible,bitcoin will be there forever. Grin
andylowe
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August 08, 2017, 09:01:20 AM
 #1313

If network and internet is dead then only bitcoin dead.bitcoin is not accepting in some countries,because some problems with bitcoin,it is not transparent and can do transactions with anonymous names.here we have chances of gambling with bitcoins.if world wide people against with bitcoin we can vanish it.but it is not possible,bitcoin will be there forever. Grin
Yes, one thing is the existence of internet. If internet dies, so is bitcoin. Another thing is another cryptocurrency will evolve and with more advance technology, thus there will he a massive transfer of usage from bitcoin to that new cryptocurrency. If low demand of bitcoin, eventually bitcoin will die. So, it's really not that possible that it will happen decades from now.
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August 08, 2017, 09:05:11 AM
 #1314

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

This is a very interesting question. I think it is possible if in the future other cryptocurrencies supersede it in value and acceptance in many important countries, it may cause bitcoin to slowly die off. Or maybe a saturation of the cryptocurrency market.
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August 08, 2017, 09:09:44 AM
 #1315

one day, it would cost more electricity to mine. so there is no profit at all for any miners in the world. the price would drop, it would cause FUD and bitcoin will die

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August 08, 2017, 11:08:56 AM
 #1316

I think it is not possible,if network dead then only bitcoin will die.bitcoin banned by government then only it will possible.
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August 08, 2017, 11:38:45 AM
 #1317

I think it is not possible,if network dead then only bitcoin will die.bitcoin banned by government then only it will possible.
There are few government that banned bitcoin and bitcoin is still a live so i don't think that banning bitcoin will push its death because bitcoin is a strong cryptocurrency and nothing can stop bitcoin even if the internet will shutdown, bitcoin will still be there and will comeback as long as the internet goes online again.
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August 08, 2017, 11:43:06 AM
 #1318

I think it is not possible,if network dead then only bitcoin will die.bitcoin banned by government then only it will possible.
There are few government that banned bitcoin and bitcoin is still a live so i don't think that banning bitcoin will push its death because bitcoin is a strong cryptocurrency and nothing can stop bitcoin even if the internet will shutdown, bitcoin will still be there and will comeback as long as the internet goes online again.
yes i agree i really dont believe that bitcoin will going to die.because it has a great demand.i think if the demand is low it can also get low in terms of value but if we say it is going to die no! It is not possible
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August 08, 2017, 11:46:43 AM
 #1319

Bitcoin will not die never. It's the whole economy which is not subject to the government and functions only on mathematical laws. This is a perfect example in order to run the economy of any country if the officials did not steal money from the budget.
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August 08, 2017, 12:11:19 PM
 #1320

I think it is not possible,if network dead then only bitcoin will die.bitcoin banned by government then only it will possible.
There are few government that banned bitcoin and bitcoin is still a live so i don't think that banning bitcoin will push its death because bitcoin is a strong cryptocurrency and nothing can stop bitcoin even if the internet will shutdown, bitcoin will still be there and will comeback as long as the internet goes online again.
Actually the banning process is only a temporary action by a government. Look at the years before, all U.S. States before totally made Marijuana illegal to be use right now there are certain states in which smoking pot is totally legal. If this countries see the benefits of Bitcoin to their economy it will totally rescind the ban on Bitcoin. Look at the Russian Government from what I know they are overturning the ban on Bitcoin.

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