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Author Topic: In what situation would Bitcoin die?  (Read 101138 times)
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November 17, 2017, 09:42:51 AM
 #1801

Far away from ending it grows steadily. I will grow in future
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November 17, 2017, 08:10:27 PM
 #1802

New currencies might come up.. But not dying soon
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November 17, 2017, 08:28:09 PM
 #1803

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 end up only, if all users will be gone away or disappear in this industry, and that will happen only if the features of bitcoin will no longer be implement and not function properly which might cause of the community be get disappointed unto it. which will lead the value goes down into zero.
For me i guess i must say that a currency will never die unless all of it's users are gone and will not be using bitcoin anymore, that maybe is the only way why bitcoin may end of not live anymore. But also users will end up not using bitcoin if ever it would loose all of it's features that the users has liked even in the first place.

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November 18, 2017, 03:23:13 PM
 #1804

Why one should think about the death of a currency which is growing at a fast pace.



Any currency may die when it has no demand from its users. In Bitcoin case, no such thing is evident. Though, its demand is ever increasing. So, No demand for Bitcoin may cause death of this.



Also, if Bitcoin is banned all over the world or tagged as illegal because it being decentralised then it will die a natural death.

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November 18, 2017, 03:28:21 PM
 #1805

Bitcoin can't die since we use it. Bitcoin exists till there is at least couple machines in the world that run it. And now we have thousands of machines that run it. So even if BTC will die - it would not happen in a next couple of years
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November 19, 2017, 05:53:34 PM
 #1806

Bitcoin can't die since we use it. Bitcoin exists till there is at least couple machines in the world that run it. And now we have thousands of machines that run it. So even if BTC will die - it would not happen in a next couple of years
Nothing can stop bitcoin because it has a strong foundation and the community behind bitcoin prove it and now the price is keep rising and we can see a lot of improvements base on the price movement and from the adoption of different countries, I think bitcoin can really get a higher price in this year because of different good progress.
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November 20, 2017, 06:31:44 PM
 #1807

That may happen if there is no interest from users and I think interest will only grow in the nearest future.
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November 21, 2017, 01:29:18 AM
 #1808

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

It may be possible to lose it by losing people's confidence who using it. I think bitcoin lives with the trust and support of people. And then bitcoin will not disappear if there are no people who break our trust in bitcioin. Bitcoin is man made, and the bitcoin will also break it into man made also. Let's not let people break our trust in bitcoin. Do not let the bitcoin disappear because we love it. Then when you love that you have to fight for it? hahaha

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November 21, 2017, 04:33:11 PM
 #1809

I agree. I do not ever think Bitcoin will ever come to an end in the near future especially so that I believe digital currencies or cryptocurrencies are, per se, futuristic. It may suffer fluctuations which is normal in the market but it coming to an end is something that is unlikely to happen. Perhaps, if you base predictions on data, it would reveal high chances of making it really in demand in the years to come.

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November 23, 2017, 07:06:57 AM
 #1810

Many countries banned BTC. Already some banks started war against BTC. If this continue strongly, This can badly affect BTC.
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November 24, 2017, 12:09:44 PM
 #1811

If more country don't accept it. And also the things that could have an destructive effect on Bitcoin could be a collapse of the Internet,  A global Power outage, The sudden disapearance of technologie through a global catastrophy.
In truth my friend, at the start no country have accepted Bitcoin yet but it did not end. So why are you implying that it will end if that would ever happen?

All of that would only happen if a serious phenomenon happened. I want to think sci-fi-ish here so, more like alien invasion, zombie apocalypse, and even war. I think war would be the closest thing for this. If the war resulted a mass destruction to the world, then eventually we will lose this technologies you've just mentioned.
Well I think bitcoin is now stable with high price in market and many countries have accepted bitcoin and some of them make bitcoin legal so I’m sure that end of the year bitcoin will be accepted by more countries so bitcoin also faced a lot of forks in past and now bitcoin now very well how to fight against forks so I believe no one can end bitcoin.
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November 24, 2017, 12:27:35 PM
 #1812

If more country don't accept it. And also the things that could have an destructive effect on Bitcoin could be a collapse of the Internet,  A global Power outage, The sudden disapearance of technologie through a global catastrophy.
In truth my friend, at the start no country have accepted Bitcoin yet but it did not end. So why are you implying that it will end if that would ever happen?

All of that would only happen if a serious phenomenon happened. I want to think sci-fi-ish here so, more like alien invasion, zombie apocalypse, and even war. I think war would be the closest thing for this. If the war resulted a mass destruction to the world, then eventually we will lose this technologies you've just mentioned.
Well I think bitcoin is now stable with high price in market and many countries have accepted bitcoin and some of them make bitcoin legal so I’m sure that end of the year bitcoin will be accepted by more countries so bitcoin also faced a lot of forks in past and now bitcoin now very well how to fight against forks so I believe no one can end bitcoin.
I agree with you but i personally think that bitcoin can only die when it is all mined and when the internet is dead that means no one can actually mine bitcoin and the blockchain will die too because of the fact that it runs on the internet.
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November 24, 2017, 12:34:07 PM
 #1813

If every country in the world bans bitcoin. Bitcoin will fall very hard down because there are people who are afraid to be arrested so they will stop using it.

I will do the same i don't want to get in trouble.
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November 24, 2017, 04:10:03 PM
 #1814

Bitcoin will be die, if demand of bitcoin i.e. number of users get down, or after all bitcoins are mined, and any comprtative cryptocurrency come in race.
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November 24, 2017, 04:15:53 PM
 #1815

There is a way that bitcoin could die, when there is no users left using it. This would be nearly impossible, but i have other ways. Maybe that the governments bans the coin bitcoin ?

This will effect bitcoin so badly. Ban of China was enough for bitcoin to lose some thousands of money in his price.
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November 24, 2017, 04:18:01 PM
 #1816

Bitcoin will exist as long as he is trusted. But the problem is that the more people use bitcoin, the greater the commission and the lower the transaction speed. The BTC should improve.


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November 24, 2017, 04:26:51 PM
 #1817

One is when ALL of the people involved in bitcoin will be STOPPING their involvement with bitcoin. If nobody will be using bitcoin then there is a chance that it will die but as we can see, its the reverse of it. More and more are being involved in bitcoin. Second is if internet connection in the WHOLE WORLD will be remove, thing that its impossible to happen. I think those are the two but bitcoin will not die. Never!!!

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November 24, 2017, 04:32:45 PM
 #1818

probably in a situation where the world government forbade it because it resulted in a loss and even the destruction of governments of various countries. inflation in which, the loss of currency.
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November 24, 2017, 05:02:31 PM
 #1819

It's impossible for bitcoin to die.There was,there is and there will no situation like that for bitcoin to die.Some people may say that if all countries ban bitcoin people are stop using this.They are wrong.In my country bitcoins are illegal and still many people like me are using this.So it's impossible for bitcoin to die

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November 27, 2017, 03:24:18 PM
 #1820

the only situation that make bitcoin die or another coin die is when there's no demands on these coin. no transactio  or whatsoever that this coin being fully abandoned or just few people that makes the price dropped so much. #cmiiw

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