Bitcoin Forum
March 30, 2024, 07:39:23 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25] 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 »
  Print  
Author Topic: Who can destroy Bitcoin ?  (Read 21666 times)
Ultegra134
Hero Member
*****
Offline Offline

Activity: 1512
Merit: 735



View Profile
October 10, 2017, 10:40:30 AM
 #481

The future of Bitcoin directly depends upon its demand.If the demand for Bitcoin is decreased, it will automatically destroy Bitcoin. One of the ways by which its demand can be decreased is if some other cryptocurrency replaces it.People will start using new cryptocurrency for their transactions and investments which will automatically decrease its demand.The other way can be if the government bans Bitcoin transactions and declare it as an illegal currency.The price of Bitcoin is directly proportional to its demand.So if demand will decrease ,price will also decrease which will destroy Bitcoin.
Lost of interest might be one case of it dying, but it won't happen overnight, it's one possible scenario though, a new cryptocurrency might be the thing in 5 years from now. However, there are other, unlikely to happen, reasons that could cause Bitcoin to die out. Negative mass media coverage could cause it to crash, it being considered illegal and slowly shutting down all legal exchanges could be disastrous.

I higly doubt that any of this will happen though, at least anytime soon, or in a short period of time.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT
  CRYPTO   
FUTURES
 1,000x 
LEVERAGE
COMPETITIVE
    FEES    
 INSTANT 
EXECUTION
.
   TRADE NOW   
No Gods or Kings. Only Bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711784363
Hero Member
*
Offline Offline

Posts: 1711784363

View Profile Personal Message (Offline)

Ignore
1711784363
Reply with quote  #2

1711784363
Report to moderator
1711784363
Hero Member
*
Offline Offline

Posts: 1711784363

View Profile Personal Message (Offline)

Ignore
1711784363
Reply with quote  #2

1711784363
Report to moderator
1711784363
Hero Member
*
Offline Offline

Posts: 1711784363

View Profile Personal Message (Offline)

Ignore
1711784363
Reply with quote  #2

1711784363
Report to moderator
TK14
Full Member
***
Offline Offline

Activity: 294
Merit: 100


View Profile
October 10, 2017, 10:42:37 AM
 #482

If big countries move together, they can destroy bitcoin
ronafurw
Full Member
***
Offline Offline

Activity: 420
Merit: 102



View Profile
October 10, 2017, 11:41:40 AM
 #483

only it's creator and founder can destroy it 😎
No one can destroy this innovation, bitcoin has make itself in such a strong structural hub so that who will come to harm it will be attracted to invest in it by its benefits, in past there are a lot of hatters who want to harm it gives statements about it and they end up with accepting its highness by investing in It and now they are successful investors.
sebasman2
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
October 10, 2017, 11:43:16 AM
 #484

I think the only "ones" who can really destroy bitcoin are:
Governments
Besides that I don't see any reason Bitcoin would be destroyed.
DoublerHunter
Hero Member
*****
Offline Offline

Activity: 2590
Merit: 644


View Profile
October 10, 2017, 12:55:27 PM
 #485

only it's creator and founder can destroy it 😎
No one can destroy this innovation, bitcoin has make itself in such a strong structural hub so that who will come to harm it will be attracted to invest in it by its benefits, in past there are a lot of hatters who want to harm it gives statements about it and they end up with accepting its highness by investing in It and now they are successful investors.
Bitcoin is decentralized and that is one of the major foundation of bitcoin why it is not easy for bitcoin to get destroyed but the only person that can destroy bitcoin is us, if we want to destroy bitcoin and the very easy way to do that is to leave bitcoin alone so the miners will not have a work because they will not earn money if there is no transaction and also demand in the market.
TastyChillySauce00
Legendary
*
Offline Offline

Activity: 2940
Merit: 1028


Leading Crypto Sports Betting & Casino Platform


View Profile
October 10, 2017, 01:04:29 PM
 #486

It has come to a point that no one can destory it. They can stop exchange but now concepts like Kyber will allow no one to stop it and everyone still can trade, buy and sell
Practically, that is what people said about bitcoin and the advantages of its decentralized system, however, if people can't destroy bitcoin, then they could just make the value of bitcoin goes lower by spreading FUD.
it has often done by many people probably involved into a trading community to lure beginner traders to become panic and by that they can gain the opportunity of buying bitcoin at a low price, I know it can't be considered as destroying bitcoin, but, making the condition of bitcoin community in chaos.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
zollyharvan
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
October 10, 2017, 01:17:23 PM
 #487

Until now nobody can degrade bitcoin, but if we talk freely only ETH leads to being the better to beat bitcoin, but I think for now ETH can not beat it.
But maybe the possibility of ETH will be the highest ranking.
chickenfried12
Legendary
*
Offline Offline

Activity: 1120
Merit: 1003



View Profile
October 10, 2017, 01:22:05 PM
 #488

Goverments  all of the world each one's and CEO of big banks and individual managers to explain and prohibit bringing a mining ability to remain in the market will remain in such a way, but I think it will dissolve, but a great power and easy to be invincible is steadily valued. in crypto we trust BTC .
rodel caling
Full Member
***
Offline Offline

Activity: 952
Merit: 104


View Profile
October 10, 2017, 01:27:57 PM
 #489

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

look at now bitcoin keep increasing the value bill gates saying nobody can stop bitcoin i think nobody can destroy the bitcoin in the cryptocurrency world if the internet connection shutting down all sustem all over the world thats the end of bitcoin as currency but that situation the new technoligy goes into progress also like bitcoin.
sagarnyc
Newbie
*
Offline Offline

Activity: 36
Merit: 0


View Profile
October 10, 2017, 01:28:57 PM
 #490

If no one mines bitcoins anymore, nobody can exchange them. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it.
untugede
Full Member
***
Offline Offline

Activity: 518
Merit: 100



View Profile
October 10, 2017, 01:34:42 PM
 #491

If no one mines bitcoins anymore, nobody can exchange them. Even if it is still worth something, you won't be able to exchange it, so it is like destroying it.
it's hard also like that, hopefully it will not be like that bitcoin fore because surely many people will become unemployed because their job just gone

Mycro Jobs                                                                                                                                                 
| SIMPLY GETTING THE JOB DONE
⟩                                                                                                                                                       
                                                    ⟩⟩ Telegram ⟩⟩ Twitter ⟩⟩ Medium ⟩⟩ Github ⟩⟩ Instagram ⟩⟩ LinkedIn ⟩⟩ YouTube ⟩⟩ Facebook
Triple7Fox
Full Member
***
Offline Offline

Activity: 123
Merit: 100



View Profile
October 10, 2017, 01:39:46 PM
 #492

Until now nobody can degrade bitcoin, but if we talk freely only ETH leads to being the better to beat bitcoin, but I think for now ETH can not beat it.
But maybe the possibility of ETH will be the highest ranking.
ETH can not beat Bitcoin because I have been watching ETH for a long time, if Bitcoin is up, ETH is bound to increase but recently we are seeing a decline in this market and ETH is getting very prices low
CryptoWorld87
Full Member
***
Offline Offline

Activity: 406
Merit: 100


kingcasino.io


View Profile
October 10, 2017, 01:47:40 PM
 #493

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

I think that was so imposible that bitcoin is gonnaback to zero in thr future i realy bilieve in what bitcoin capabilities to grow still as a king of all cryptocurrency of all time

► KingCasino ◄ ♦ World First Online Cryptocurrency Casino ♦ ► KingCasino ◄
───●●───●●───●●───●●───●●─[   Bounty Detective   ]─●●───●●───●●───●●───●●───
Website|Twitter|Reddit|Facebook|Telegram|LinkedIn|Youtube
JacksonMonroe
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
October 10, 2017, 01:48:13 PM
 #494

Your country can destroy bitcoin if they work together. If they ban bitcoin in the whole world so every country bans bitcoin. Bitcoin would then be destroyed as we can see after the ban of China Bitcoin was nearly destroyed it was 4900 before the ban and it was 3200 after a week. So you can see the impact on bitcoin by the bans.
The_Dark_Knight
Hero Member
*****
Offline Offline

Activity: 840
Merit: 502


View Profile
October 10, 2017, 09:56:51 PM
 #495

I think that just breaking the bitcoins is the government. Because they can stop bitcoins and if all the governments around the world are united to break down the bitcoins it is certain that many people will lose interest to get into it. Just like china made nearly $ 1,000 they dropped the price of bitcoins after saying they stopped the ICOs, Exchanger and Bitcoins
The problem is they can make the average person lose interest in bitcoin if they make it illegal, but the price is this high and the average person has not adopted bitcoin, I think they can make a portion of the community to drop bitcoin fearful of the legal repercussions, but there are people that are not going to stop holding bitcoin and using it and this is going to continue even if they ban bitcoin.
shafi alam
Full Member
***
Offline Offline

Activity: 630
Merit: 100


View Profile
October 10, 2017, 10:08:29 PM
 #496

be sure nothing can destory Bitcoin  Grin

Bitcoin is not god,
You told it like bitcoin is god.
Remember Titanic was unsinkable.
HatakeKakashi
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 513


View Profile
October 10, 2017, 10:13:34 PM
 #497

As of now the price of bitcoin is very high and continue to increase more in the future for sure. So its better to buy bitcoin now.
Anyway I think the only one can destroy bitcoin is us who use bitcoin if we sell our all bitcoin it becomes 0 the valu but we never do that because we love bitcoin very much and we want to see the price of bitcoin increasing or we want bitcoin price still alive.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
Bustart
Sr. Member
****
Offline Offline

Activity: 658
Merit: 250



View Profile
October 10, 2017, 10:37:10 PM
 #498

I think that just breaking the bitcoins is the government. Because they can stop bitcoins and if all the governments around the world are united to break down the bitcoins it is certain that many people will lose interest to get into it. Just like china made nearly $ 1,000 they dropped the price of bitcoins after saying they stopped the ICOs, Exchanger and Bitcoins
The problem is they can make the average person lose interest in bitcoin if they make it illegal, but the price is this high and the average person has not adopted bitcoin, I think they can make a portion of the community to drop bitcoin fearful of the legal repercussions, but there are people that are not going to stop holding bitcoin and using it and this is going to continue even if they ban bitcoin.
Everyone who has a bad motive and great power can be destroy bitcoin. I am not say that governments are this kind but I agree that if all governments united to ban bitcoin then it will destroy. Emotion can also destroy bitcoin. Who wants to invest and trade just to waste time and money?

            ▄▄▄█▄
   ▄▄███ ▄▄███████ ███▄▄
  █████▀████████████▐████
   ▀▀▀  █▄██▄▄██▄██ ▀▀▀
     ▄███▀██▀▀██▀███▄
 ▄███████▄▄▄▄▄▄▄▄███████▄
███████████▄▄▄▄███████████
 ███  ▀███▀▀██▀▀███▀  ████
█████                 ████
  ████  ██▄▄▄▄▄▄▄██  ███
   ████  ▀▀▀▀▀▀▀▀▀ █████
    ▀████▄▄▄▄▄▄▄▄▄████▀
       ▀▀█████████▀▀
.DopeDoge...The Token That Revolutionized..
..The Weed Industry.................
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
████████████████████████████
████████████████████████████
████████████████████████████
█████████████████▀▀  ███████
█████████████▀▀      ███████
█████████▀▀   ▄▄     ███████
█████▀▀    ▄█▀▀     ████████
█████████ █▀        ████████
█████████ █ ▄███▄   ████████
██████████████████▄▄████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████▀▀▀█████████
██████ ▀██████▀      ▄██████
██████▄   ▀▀▀        ███████
██████▄             ▄███████
███████▄           ▄████████
██████▀▀▀        ▄██████████
███████▄▄     ▄▄████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
████████████████████████████
█████▄     ███████    ▄█████
███████     █████    ▐██████
███████ ▌    ███ ▌   ▐██████
███████ █▌    █ █▌   ▐██████
███████ ██▌    ██▌   ▐██████
███████ ███▌  ███▌   ▐██████
█████▀   ▀██▄███▀     ▀█████
████████████████████████████
████████████████████████████
████████████████████████████
InvestICO2L
Full Member
***
Offline Offline

Activity: 420
Merit: 102



View Profile
October 10, 2017, 10:40:46 PM
 #499

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

bitcoin can be destroy if everyone are not use bitcoin and this will do bitcoin go to the past. Or internet is fall then of course bitcoin is disappear too
ToTheMoon$
Member
**
Offline Offline

Activity: 77
Merit: 10

Investor on the move ~ Where's the profits???


View Profile
October 10, 2017, 10:43:16 PM
 #500

Millionares buying if the buy every bitcoin around, that's the only way I see to be possible for bitcoins to be destroyed.

What should I invest in? PM me with your thoughts! Thanks
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25] 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!