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Author Topic: In what situation would Bitcoin die?  (Read 101547 times)
Magic Sarap
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January 19, 2018, 12:00:21 PM
 #1961

Bitcoin will NEVER die
On the contrary to your statement, some countries banned the use of bitcoin. Banning the bitcoin all of the countries is one of the factor that will make the bitcoin die.

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TheGreatUnknown
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January 19, 2018, 12:54:09 PM
 #1962

Bubble, where the bitcoin loses it's value. Bubble happens in a firm where the price goes high like a rocket punch then it goes up and up until it pops like an ideal bubble. where it has no value and it just there but can't use for transaction or trading at all, that is when the bitcoin dies.
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January 19, 2018, 02:12:43 PM
 #1963

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

If a lot of bitcoin holder start selling their bitcoins out of panic, then MAYBE this will be the nail to the coffin for bitcoins. This kind of calamity usually reflects a loss of trust in bitcoins. Selling their bitcoins is only a reflection of how they no longer show support to the kind of technology we have now.

aray80
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January 21, 2018, 07:37:28 PM
 #1964

If the internet is lost but highly unlikely and also if the last bitcoin user stops it will become worthless and possibly unrecognized without value and trash on the network. so it will probably happen when the internet is no longer in operation and its users do not exist ...
Xbokal
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January 21, 2018, 07:52:24 PM
 #1965

When the people who made bitcoin turns it down~

When the f*cking government finds a way how to turn down bitcoin and have their own hand to it~
lordpidey
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January 21, 2018, 07:57:31 PM
 #1966

Maybe bitcoin will die when a horrible disaster attack the whole world and make all the system down or if you want the good reasons maybe it will die if there's no electricity anymore. But the greatest possibility that can happen is when some people success to create a system or virus to make bitcoin worthless.
Dzernej
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January 21, 2018, 07:58:44 PM
 #1967

I think the only possibility is if all governments will prohibit crypto or approve it and put high taxes on it.
DesmondHayes
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January 21, 2018, 08:15:35 PM
 #1968

Nobody knows. Recent events demonstrated that things which nobody expects keep happening all over the world without any control. In such environment bitcoin can die 

Unexpected situations are common in today society. We are all striving towards success but to achieve that in this ordinary world we must do something unexpected. Same goes for the Bitcoin which is the leader right now on the market charts.

Way before the developer of the Bitcoin did something unexpected and that creation brought us the Bitcoin that is slowly squeezing the central FIAT money. The problem lies in the possible event of some different technologies that can do the same to Bitcoin.

We are all believing in the Bitcoin and with our investment Bitcoin is prevailing but what will happen if something different, better and more suitable comes in our way? Will we kneel down before this new possible technology?

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david_dealba
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January 21, 2018, 08:18:01 PM
 #1969

The only situation Bitcoin would die is if they kill it themselves for a different name with a better code!  Roll Eyes
2bfree
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January 21, 2018, 08:26:01 PM
 #1970

The only situation Bitcoin would die is if they kill it themselves for a different name with a better code!  Roll Eyes

I think if the American's decide to kill bitcoin they will kill it. They just need to put their mind to like they did when they decided to kill Hitler they can do it. Proof. Look at the Manhantn project and the Moon shot (fake or not) eather way they pooled it all off so can they kill Bitcoin? Yes they can! (fool disclose I hope they don't but I don't dought American's can do it).

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Cryptopulos
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January 21, 2018, 08:31:11 PM
 #1971

i think bitcoin can die if user not choose bitcoin again....because the price of a bitcoin is determined by the request, so if the user does not select bitcoin then the demand will decrease and bitcoin will slowly disappear
ClarksonI
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January 21, 2018, 08:38:44 PM
 #1972

If there is no more internet simply
Bous
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January 21, 2018, 08:41:51 PM
 #1973

I think the only way it could die is if everybody stop using Bitcoin. Bitcoin can't live without its users.
CRYPTOBEX
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January 21, 2018, 08:54:05 PM
 #1974


The only thing that could kill bitcoin is probably a major crash like 95 % + of its value that makes everyone even the most adament hodlers lose all belief in its future. I think this is such an unlikely scenario though as too many people have too much invested in its success.
pancawati77
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January 21, 2018, 08:58:35 PM
 #1975

I think bitcoin will die if nobody uses bitcoin forever. There are many people who use bitcoin for daily needs, especially some people who live in the city that so many merchants there who receive bitcoin.
fishball
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January 21, 2018, 09:04:18 PM
 #1976

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 if no one cares anymore. There's bitcoin because there are people supporting it.
NeverSop
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January 21, 2018, 09:17:07 PM
 #1977

I think bitcoin will die if nobody uses bitcoin forever. There are many people who use bitcoin for daily needs, especially some people who live in the city that so many merchants there who receive bitcoin.
Bitcoin will disappear when the community and investor no longer care and invest in it because any asset that exists today is always valued by the community. But I think the day that bitcoin disappears forever is so far away that bitcoin still has the outstanding features that other altcoin can not do, the bitcoin supporters community and the big block investors. The gigantic bitcoin certainly never wanted the bitcoin to disappear.

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Wolf of Btrex
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January 21, 2018, 09:18:51 PM
 #1978

I think the popularity and effectiveness which will make bitcoin survive into a digital currency. besides bitcoin also have to tackle the problem of delay in delivery occurring for some time.
Estreal
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January 21, 2018, 09:33:34 PM
 #1979

There are many things which could cause the value of Bitcoin to decrease; but it is nearly impossible for bitcoin to completely die.
Even with other coins the competition wont "kill" bitcoin. It will slowly, very slowly, overtake it.

Even if everyone suddenly decided that Bitcoin is not worth the amount it is today the value will of course drop. This could be because Bitcoin itself loses trust or something comes along that people trust more. If something comes along that stole Bitcoin's network effect it would not kill Bitcoin, it would just drop its value to some level.

I  believe Bitcoin has built a lot of trust. I would say that is why it is nearing parity with Gold. Gold could also lose its value any day.The reason Gold has so much trust is that is highly unlikely and it has thousands of years of historic value.

Hence, for Bitcoin we also can trust that the blockchain works and that it is the most secure ledger in the world.
makulo123
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January 21, 2018, 10:03:49 PM
 #1980

Some things that I can thin of may be: liquidating crypto into Tether conspiracy theory (don't know much about it, but you can search this forum or Reddit of info) or the flippening of Ether (highly propable, but extremely unlikely that Bitcoin would "die").
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