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Author Topic: In what situation would Bitcoin die?  (Read 101750 times)
BeGoods
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August 13, 2017, 12:19:08 PM
 #1361

I kind of see the decentralized everything coming in the next decade. decentralized payment system, decentralized stcok exchange market, decentralized voting system, decentralized governance
Maybe in the next decade will come a more profitable investment commodity than bitcoin, will come the innovative currency may be more invotive than decentralization, so make bitcoin become obsolete and it might make bitcoin left by the user and then die?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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August 13, 2017, 01:27:55 PM
 #1362

I think if many people using this bitcoin all  bitcoin users dont use bitcoin i think that is one possible that bitcoin would die or maybe have a new high value of currency than bitcoin i think many people leave bitcoin then bitcoin  will die .
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August 13, 2017, 01:33:25 PM
 #1363

If everyone stops using it or if in some way becomes wothless, these are the two situations I think of that could make bitcoin die. But I don't know what could cause something like this, people get used to bitcoin and all benefits that it gives and demand is geting biger all the time.
I think that is impossible to happen that people will stop using bitcoin. The fact that its value right now was too high and it has a lot of used to us. I think the reason on that problem is when government ban bitcoin around the world.

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August 13, 2017, 01:37:02 PM
 #1364

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin would possibly die if internet would be gone since we cant make any transactions since the chain would really be good as dead, you might holding the coins but you cant do anything about it.Another possibility that bitcoin would lost its users and would decide to dump all their coins and jump into another coin because bitcoin is just alive because the community uses it and once interest would be gone then for sure it would die.

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deejhay
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August 13, 2017, 01:40:37 PM
 #1365

world war( just around the corner) in which planet communication are severly damaged and has to be down for few months, that would surely paralyzed bitcoin and may die.

AjithBtc
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August 13, 2017, 01:56:21 PM
 #1366

I kind of see the decentralized everything coming in the next decade. decentralized payment system, decentralized stcok exchange market, decentralized voting system, decentralized governance
Maybe in the next decade will come a more profitable investment commodity than bitcoin, will come the innovative currency may be more invotive than decentralization, so make bitcoin become obsolete and it might make bitcoin left by the user and then die?

Yes, bitcoin might grow higher and maybe in the future some commodity will exist providing with an increased profit. Right now shares and forex were gaining popularity, but people who are not knowledgeable find it a tedious thing to learn.

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August 13, 2017, 02:01:03 PM
 #1367

If you do not stop the uncontrolled growth of prices of the bitcoin could lead to his death. Bitcoin's № 1 crypto currency, but this provision is deceptive. If there is no development he can turn into the Titanic.

 
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deppil
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August 13, 2017, 02:11:26 PM
 #1368

I kind of see the decentralized everything coming in the next decade. decentralized payment system, decentralized stcok exchange market, decentralized voting system, decentralized governance
Maybe in the next decade will come a more profitable investment commodity than bitcoin, will come the innovative currency may be more invotive than decentralization, so make bitcoin become obsolete and it might make bitcoin left by the user and then die?
majdoso
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August 13, 2017, 02:18:05 PM
 #1369

nowadays we can t really expect any situation in witch bitcoin is going to die throw
but we can imagine the reaction of government of some countries; they can block the use of it and the popularity will decrease.
batako
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August 13, 2017, 02:21:30 PM
 #1370

If the price continue to increase, someday the demand will be decreased and that will be bad for bitcoin.
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August 13, 2017, 02:23:20 PM
 #1371

If the quantum computers its developed early than expected or if the centralized economy finds a way to be better tha the cryptocurrencies, but nobody knows when and if this can be occur, so its bettter to work with the present and not the future.
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August 13, 2017, 02:28:41 PM
 #1372

I think if Bitcoin will fail to maintain its quality service and high price then it will not be accepted to the people as like today. there are a lot of causes to die in the future. if its growth would be unstoppable and uncontrollable then it will collapse very soon.
abnormal volatility is also a reason for being terminated in the future. so these issues should be taken seriously as soon as possible.
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August 13, 2017, 03:43:45 PM
 #1373

The possibility that can certainly happen anytime, but of course we all have the same hopes for progress of bitcoin will continue to grow as well as bitcoin services getting better in the next day.
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August 14, 2017, 01:57:45 PM
 #1374

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin and other cryptocurrency's value deoends on the market's demand. So, there'll be a total loss of market's demand to it, it will probably make Bitcoin and other cryptocurrency, somehow, worthless. That's the downside of being decentralized. But at this point, where demand is continously increasing, it'll be impossible for Bitcoin and other crypto currencies to not be in demand, especially nowadays.

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August 14, 2017, 02:03:59 PM
 #1375

i can t really think that bitcoin will die someday because i can t find a good reason for it
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August 14, 2017, 02:08:26 PM
 #1376

Probably there is no way Bitcoin could cease to exist. Maybe only if governments manage to wrap their minds around legal ways how to prohibit Bitcoin.
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August 14, 2017, 02:08:54 PM
 #1377

Because bitcoin is digital and requires internet network, maybe if internet dead and can not be used again. Bitcoin will die. All bitcoin transactions will be lost because the internet connection does not exist. And many pars of internet users will move to fiat money. They will forget the bitcoin because bitcoin can not perform its function. I think it's a great way to make a dead bitcoin
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August 17, 2017, 04:43:13 AM
 #1378

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

I think it would end by getting no demand for cryptocurrencies like bitcoin. If there won't be demand for bitcoin why would it be still active. But I think there is no possibility that it would not have demand and die.

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August 17, 2017, 05:37:53 AM
 #1379

Actually it this situation is not THAT impossible. If governments of few biggest countries signed a treaty, some kind of deal that they want to ban bitcoin, the price would fall to the ground and bitcoin would basically die. For now, bitcoin is not such a big threat to government but in the future it might become.

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August 19, 2017, 10:51:04 AM
 #1380

It is impossible for the Pitcoin to die or to end up reaching a high stage of strength and stability as well as support from many international institutions.
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