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Author Topic: In what situation would Bitcoin die?  (Read 101745 times)
bertak
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March 03, 2018, 10:00:58 AM
 #2181

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 bitcoin will die when its price becomes stable. That is, when people stop getting super profit. After all, bitcoin is interesting only because of the profit!

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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TheSmo
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March 03, 2018, 10:02:56 AM
 #2182

I think that the end of bitcoin will come when some other crypto currency will be able to overtake it in the rating. Popularity will fall and completely come to naught.

It seems to me that the popularity of bitcoin will not fall soon. At least I'm sure that he will not go out of the Cryptocurrency rating. Someone will always keep it and work with it.
I think that the new currencies will be able to gain good popularity. It all depends on the holders of the crypto currency. If banks or states acquire one single currency, it will quickly gain value and popularity and interest in bitcoin will decrease altogether.
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March 03, 2018, 10:04:34 AM
 #2183

I think that the end of bitcoin will come when some other crypto currency will be able to overtake it in the rating. Popularity will fall and completely come to naught.

It seems to me that the popularity of bitcoin will not fall soon. At least I'm sure that he will not go out of the Cryptocurrency rating. Someone will always keep it and work with it.
I think that the new currencies will be able to gain good popularity. It all depends on the holders of the crypto currency. If banks or states acquire one single currency, it will quickly gain value and popularity and interest in bitcoin will decrease altogether.
There will always be those who believe that the first was the best. They think that before was better than today. Such people will keep bitcoin, because they in life adhere to what was before and to be afraid of the new.
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March 03, 2018, 10:06:46 AM
 #2184

I think that the end of bitcoin will come when some other crypto currency will be able to overtake it in the rating. Popularity will fall and completely come to naught.

It seems to me that the popularity of bitcoin will not fall soon. At least I'm sure that he will not go out of the Cryptocurrency rating. Someone will always keep it and work with it.
I think that the new currencies will be able to gain good popularity. It all depends on the holders of the crypto currency. If banks or states acquire one single currency, it will quickly gain value and popularity and interest in bitcoin will decrease altogether.
There will always be those who believe that the first was the best. They think that before was better than today. Such people will keep bitcoin, because they in life adhere to what was before and to be afraid of the new.
Not always this position and attitude to life is wrong. On the contrary, it is a stock exchange. And you can play here endlessly. Depends again on the participants. You can buy large amounts of cheap currency, and then sell them, the main thing is that there were participants.
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March 03, 2018, 10:08:55 AM
 #2185

I'm not saying that this is bad. I say that with a large variety of currencies, bitcoin will remain a player with a big advantage. But as long as the holders of the currency, do not decide to acquire something else.
TheSmo
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March 03, 2018, 10:11:33 AM
 #2186

I'm not saying that this is bad. I say that with a large variety of currencies, bitcoin will remain a player with a big advantage. But as long as the holders of the currency, do not decide to acquire something else.
Well, you see. As soon as someone tells that bitcoin is bad, they will all start selling it. Bitcoin is neither better nor worse than other currencies. He is the same. Just while people believe in him, he will hold on, but if there is something bad around him or more popular, he will be forgotten.
Portgas ace
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March 03, 2018, 10:18:14 AM
 #2187

Maybe a bitcoin will die in the absence of a bitcoin enthusiast and there's no internet network in the world, in that case maybe bitcoin will die, and nobody can stop it all, even a Satoshi Nakamoto is possible. will not stop that.

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mahilchii
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March 03, 2018, 10:19:31 AM
 #2188

Bitcoin will die if not internet and no humans in this world, apart from that if world war 3 arose and if the world is destroyed then bitcoin will not survive. This is actually a strange question because Bitcoin is just a baby now and there's lot of things need to happen for it to grow.

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March 03, 2018, 10:20:11 AM
 #2189

I think bitcoin dies because of a disruption to the internet system that causes people not to access bitcoin, otherwise the power die around the world can also cause all the machines to die so people can not turn on their computers.
Sate Jamu
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March 03, 2018, 10:36:59 AM
 #2190

Bitcoin will die if not internet and no humans in this world, apart from that if world war 3 arose and if the world is destroyed then bitcoin will not survive. This is actually a strange question because Bitcoin is just a baby now and there's lot of things need to happen for it to grow.
Really without the bitcoin internet going to die but i am sure that the internet will continue to exist, the thing we should know about bitcoin is using a decentralized system so that all prices are formed according to market needs, if no users then automatically bitcoin will die.

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Blackhammer321
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March 03, 2018, 12:30:37 PM
 #2191

I cannot think of a situation wherein bitcoin may die, unless internet shuts down. Internet is the reason why bitcoin is working and its transactions, internet is the heart of bitcoin whereas if without it bitcoin will no longer exist and will die instantly. Else where, there is no accurate reason for bitcoin to die even if people will lose interest or sell their bitcoins, still bitcoin will exist.
francesyrus
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March 05, 2018, 09:26:49 PM
 #2192

The only thing I can see that would probably makes bitcoin die is when internet goes shutdown and never back again, because bitcoin needs internet connection to its transaction. But I think it would not happen in our generation unless there is a world war that would affect not only bitcoin but all things on the net.  Smiley

developer101dev
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March 05, 2018, 09:34:58 PM
 #2193

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

I believe that bitcoin will die if people will start to invest on other cryptocurrency, minex and ethereum coin does really have a potential right now because there is so much interest on this coin and the platform of minex is also good so they might have the chance to become the next to replace bitcoins.
vinz7229
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March 11, 2018, 11:17:36 AM
 #2194

Maybe a bitcoin will die in the absence of a bitcoin enthusiast and there's no internet network in the world, in that case maybe bitcoin will die, and nobody can stop it all, even a Satoshi Nakamoto is possible. will not stop that.

Maybe not just internet, in general Bitcoin could disappear if know one is asking for demand of Bitcoin, but if we think for an specific instances Bitcoin could die if the owner is gone, specially if he/she didn't share all the details on how to access their account, that's are some probable cause that can disappear or die bitcoin
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March 11, 2018, 11:18:28 AM
 #2195

A bitcoin recession where everyone would lose faith in btc and move to fiat  Grin
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March 11, 2018, 01:17:25 PM
 #2196

I think bitcoin will die if all countries will not allow us to use bitcoin anymore. But all of this is only a speculation,and no probability because the reality is bitcoin continue to moving forward. The investors are still here and we are here to support and hoping that more people will adopt this technology to reach this to mainstream. This is the reason why Bitcoin is still rising through use of technology.
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March 11, 2018, 03:33:05 PM
 #2197

The end of the bitcoin can not yet be felt, thanks to the fact that the crypto currency has come out of the hi-tech world and entered the world of finance. Speculators do not care about the ideals and slogans of the cipher.
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March 11, 2018, 03:59:12 PM
 #2198

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
  Why did you decide that bitcoin should die? Why do such thoughts come? I do not think that bitcoin will ever die or lose its value. There is a possibility that bitcoin will lose a little in price, but I do not think it's that much that would die.
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March 11, 2018, 04:08:37 PM
 #2199

I think the worst case it will die is. All investors have decided to sell it. The government banned the use of bitcoin. People do not trust bitcoin. I think those things can kill bitcoin.

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March 11, 2018, 04:11:11 PM
 #2200

The most dangerous situation for bitcoin will come when people start to lose interest in it. And without a large community bitcoin will not live long.

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