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dificanovi
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September 20, 2017, 03:04:09 PM |
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in my opinion bitcoin will not be destroyed while the internet is still usable. bitcoin also will not be destroyed by hackers. bitcoin users are already around the world, so it's impossible if bitcoins are destroyed.
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assyla
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September 20, 2017, 03:10:08 PM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin is a virtual money and uses Technologies and Internet to access. If internet may loss, there is a high possibility that bitcoin may gone also. Because it is an Online money, you need an Internet to be online. And also If there is a virus that may affects the value of bitcoin. |
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Ariess
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September 20, 2017, 03:15:11 PM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
nothing can destroy bitcoin. bitcoin is virtual money and will never crash. except to fall to the lowest level. bitcoin is anonymous. no one ever knows. I believe bitcoin will still exist and stay victorious. |
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balakang00
Full Member
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Activity: 266
Merit: 100
Platform for Investing in Cryptocurrency and ICOs
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September 20, 2017, 04:12:55 PM |
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Probably, the destroying of bitcoins can be caused by zero value on the market because it will no longer be useful to anyone that is on the bitcoin community. It will then be nothing. Also, hackers with the great amount of skill can destroy bitcoin but i think it is not possible since bitcoin holds the highest security on their coins.
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pitiflin
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September 20, 2017, 04:22:29 PM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Not even governments, tbh. They can try banning it but it won't work, gambling is banned in the US, and most of gamblers belong to the US, hell drugs and porn is also banned in so many countries, but did people stop doing such things, no. And bitcoin is nothing when compared to these. |
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Emworks
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September 20, 2017, 05:11:06 PM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
nothing can destroy bitcoin. bitcoin is virtual money and will never crash. except to fall to the lowest level. bitcoin is anonymous. no one ever knows. I believe bitcoin will still exist and stay victorious. Yeah bitcoin are growing, we can see how trend market are developing everyday, but we can't ignored that there is another side of the story that can severely affect bitcoin price or yet be destroy. Maybe its hard or impossible for the goverment to shutdown the all the servers but we cant neglect the fact that they have all the power to disable bitcoin. they will just make a protocol to stop people and company for buying, selling, and holding bitcoin.it means goverment can make bitcoin incapable to anything useful and sooner or later comes to end. |
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skorupi17
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September 20, 2017, 05:12:51 PM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Itself. Any powerful thing's biggest threat is itself. Though Bitcoin is strong, if it keeps getting involved in some issues,it might trigger something worse. An example of this is the continuous growth of transaction fees. That is a factor since people might get over Bitcoin due to its inefficiency when it come to transactions in a daily basis. The high transaction fee is too much for a normal person. Who would want to pay more using Bitcoin that paying the exact amount using fiat? Another example would be the slow or bottleneck of transactions. Who would want to wait for an hour or so just to see that the confirmation of the transaction was a success especially on a daily basis usage? So Bitcoin will kill itself if it continues this way. Though there were some improvement, if this will not be sustained, some might just jump to another boat. |
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Slash61
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Activity: 633
Merit: 14
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September 20, 2017, 05:14:36 PM |
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Some people believe bitcoin can be destroyed, maybe in my opinion no one can destroy it! Because bitcoin does not depend on anyone! Especially bitcoin is a very strong cryptocurrency
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Cazkys
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September 21, 2017, 03:44:48 PM |
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For me there are only two powers which can destroy Bitcoin. One if the government who have the power and authority over what goes in and out of the country and they can also monitor the internet usage and transactions that happens in their country, they can also take control the nations internet if they want to. And the second are the banks which is lead by the central bank. Since banks are the primary monetary groups or companies and corporations in charge of managing money then they have enough influence that can also be used against bitcoins specially if they can earn a profit from it. Well that’s how corporate greed works.
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PepperaOnIt
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September 21, 2017, 03:53:28 PM |
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Only the government can destroy this bitcoin, what will you do if the bitcoin is banned in many countries? I think this can be destroy the bitcoin and the end of the currency in internet
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Ronaldcoin2017
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September 21, 2017, 11:39:20 PM |
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Only us, the people who use Bitcoin, can destroy Bitcoin. For example, if you lose the password of your wallet or lose the, for example ledger wallet, that had your stored Bitcoin, then it will be destroyed. Other than that, no one can really destroy Bitcoin.
Factors that cause a price drop is the usual. It always depends on that supply and demand paradox. If the supply of Bitcoin is low and the demand high, prices will shoot up.
If the supply of Bitcoin is high and the demand low, the prices will plummet. So if everyone stops using Bitcoin or switches to another coin, for example, Bitcoin Cash, then Bitcoin will be well and truly be destroyed.
yes i agree i dont believe bitcoin will be going to destroy because it is an opportunity.why you distroy bitcoin if you can join through it it is really a huge opportunity to learn and earn i cant see any possibility that it will be going to destroy someday. |
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ekoice
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September 22, 2017, 05:22:38 AM |
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There is still no alternative altcoin which could replace it making its importance less and finally making its value zero.
Legalization issue also will not affect bitcoin since most of countries have decided to legalize bitcoin.
China ban on bitcoin which we all feared these much days is also no more an issue since bitcoin has performed well after ban and it has proved that it is no more in need of china for its progress.
The only threat remaining is the introduction of quantum computing which is said that it could read the private key of a wallet from its public key.If it happens so,then security of bitcoin would get compromised.But it may take around twenty more years for it to get introduced.
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Webetcoins
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September 24, 2017, 10:24:52 AM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
nothing can destroy bitcoin! Because bitcoin designed not to depend on anyone, or whatever it is. I mean, bitcoin will continue to exist for as long as it takes. Bitcoin has become growing its users daily. It can destroy by users if continuing selling bitcoin that value become zero and no support from the community. In line with this, bitcoin nowadays will continue to grow and value is keep increasing. For sure, bitcoin is growing and the users of the bitcoin are increasing as the time goes on. So it is not really possible to destroy the bitcoin ever. As to my prospective bitcoin cannot be destroyed as it is impossible to destroy any currency until there is no inflection and if it can ever happen it can be easily revived but for me to destroy the bitcoin it will take more than thousands of year. |
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razzbee
Full Member
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Activity: 182
Merit: 100
Transcodium - The Future of Transcoding
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September 24, 2017, 10:27:21 AM |
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Until now no one can beat bitcoin, but if we talk in general only ETH has the potential to beat bitcoin, but I think for now ETH can not beat it.
But soon the possibility of ETH will be ranked 1
Eth can never, why because the feature eth will use in destroying it (smart contract) has been proposed and will be added to bitcoin. |
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yishak
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September 24, 2017, 10:33:07 AM |
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I don't think anyone has the power to destroy bitcoin completely, some government like China can have an impact on it like what you saw with the recent FUD but they don't have the power to destroy it , no one can destroy bitcoins!
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tabrin
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Activity: 19
Merit: 0
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September 24, 2017, 10:41:45 AM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Nothing. No one can destroy bitcoin! As long as community is here, it will survive. |
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Lieldoryn
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September 24, 2017, 10:51:12 AM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Nothing. No one can destroy bitcoin! As long as community is here, it will survive. I disagree with you. It seems to me that the biggest threat to bitcoin is itself in the bitcoin community. Miners can not solve the problem of high fees for small transactions, the fork, the user has turned the currency into a tool for investment. there is no consensus in the community and this is a big problem. |
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kpcian
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September 24, 2017, 11:19:16 AM |
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form my experiences I can say that no one can destroy Bitcoin, even nothing can be harmful to Bitcoin except Bitcoin holders. if Bitcoin holders wish to sell thier Bitcoin at a low price for collapsing this platform then it would be possible for this purpose. Otherwise, Bitcoin can't be hacked anymore because it has been invented by a couple of experts. they have proved already regarding this issue.
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Eugenar
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September 24, 2017, 11:54:15 AM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin is growing in all aspects because of its users and investors, and I believe that its users can also 'destroy' it. If its users will find another crypto which has a higher and more stable market value, they'll probably transfer to it, and the demand of Bitcoin will fall. If the demand is low, its value won't be high. And may result for Bitcoin to be removed as the no. 1 crypto. And if the negative effect will be continuous, it will be bad for Bitcoin if this thing will happen. |
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entebah
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September 24, 2017, 12:25:47 PM |
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Perhaps this will happen, because we know that a strong country has begun to show its strength.
it is possible that bitcoin will disappear if the world enters war. yes maybe the 4th world war. North Korea seems to have started it.
terrible hope this does not happen.
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