ajmapalo22
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September 19, 2017, 02:14:04 AM |
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The owners of most numbers of bitcoin can destroy it if they will became stagnant for a long period of time, We all know for a fact that there are limited number of bitcoin circulating in the market and this was owned by several people the moment that large amount will become idle for a long period while the demand in bitcoin continue to increase the supply cannot sustain the needs which can resulted to negative feedback of users of bitcoin and may divert to other cryptocurrencies
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Akash1243
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September 19, 2017, 02:33:22 AM |
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Bitcoins can't be destroyed by any individual but the people who uses bitcoins as Bitcoins price majorly depends on the demand of the people and if people leave bitcoins for other crypto currency then btc will be gone.Also that if everyone start holding their bitcoins and not circulate it in market then that would destroy bitcoins as if there are no transactions then miners can't earn ergo they will transfer to other crypto currency.Miners are very important as they confirm the transactions.
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Lorilikes
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September 19, 2017, 02:39:42 AM |
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According to the competition (which is a big banking And many other central authorities) say the downfall and distruction of bitcoin is guaranteed as soon as it goes out of style. Of course these things were said just hours before a large purchase a bitcoin was made by the same entity. I would say Bitcoin never be destroyed unless every single user simultaneously decides it is worthless .
Bitcoin will survive the chaos. I guarantee it.
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albert11
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September 19, 2017, 02:48:25 AM |
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Many can be done so the Bitcoins will disappear. It may be banned in many countries. And if this happens the purchase may be weakened and many people will sell their bitcoins. And the result will be the lowering of its price. That may break down and break bitcoins. Many other things can happen and we will know in the future. At the moment the trend of bitcoins is good in the market and hopefully it will continue to achieve the bright future for bitcoins
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Pettuh4
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September 19, 2017, 03:04:22 AM |
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Many can be done so the Bitcoins will disappear. It may be banned in many countries. And if this happens the purchase may be weakened and many people will sell their bitcoins. And the result will be the lowering of its price. That may break down and break bitcoins. Many other things can happen and we will know in the future. At the moment the trend of bitcoins is good in the market and hopefully it will continue to achieve the bright future for bitcoins
If anyone can they would have done that already because of the hatred they have for Bitcoin. I think it has proven resilient and strong for all the machinations and machinery of the bad guys.
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yugyug
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September 19, 2017, 03:06:53 AM |
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the one who owns the majority of the blockchain network has the power to destroy bitcoin, forking is a major death threat of bitcoin if the forked bitcoin has a better market adaptability than the bitcoin legacy then it is a big threat that bitcoin can turn into dust. chinese mining pools and other large blockchain node can easily swtich to the new blockchain from the bitcoin fork and it is easy for them for bitcoin be left behind, gone, faded and burn-out.
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radeone
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September 19, 2017, 03:08:09 AM |
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i dont think its a who but more like a combination of things. regulation in all the developed countries that mine bitcoin hard. the exchanges being scrutinized to the ground. loss of interest but that isnt really feasible at this point of the game. basically the internet would have to shut down for bitcoin to shutdown.
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pooya87
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September 19, 2017, 03:11:10 AM |
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The Users!
bitcoin is a decentralized system, it is as powerful as its users. if the users understand the meaning of decentralization and try to keep it that way and educate themselves, nothing can harm bitcoin at all. but in case people stop understanding, trying, educating themselves,... they will kill bitcoin on their own and the enemies don't have to do anything!
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babarian
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September 19, 2017, 03:20:32 AM |
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that can make bitcoin worthless is when many people or countries that do not use bitcoin and bitcoin start in disitulah where bitcoin will lose its sale value
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aoihs00
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September 19, 2017, 03:23:42 AM |
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Bitcoin is getting popular every day and the investments are increasing like crazy. There will be very less chance that bitcoin is going down in next decade or so. What could kill it is its fate of investment. If big investors sees an opportunity anywhere else then they might just take out the lord investment from bitcoin and put it to other way. That will just leave the bitcoin a deserted island in the future if other middle investors follows too. Just imagine whole new way coming out of the thin air, better, brighter than out bitcoin, then what would you do? Obviously you will leave the bitcoin investment in next minute like the way you do for any other coins currently. It's all about investment, if the market cap falls then so as to our bitcoin value.
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Darker45
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September 19, 2017, 03:37:48 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.
There is no single institution that can destroy bitcoin. Nor can any country do that. The only moment bitcoin will be destroyed is when the people who support bitcoin will suddenly withdraw their support. That's the time the bitcoin market will crash to the ground. No one will anymore buy a single BTC. But that is far from happening.
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Zimbabwecoin
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September 19, 2017, 03:50:23 AM |
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Yahoo was destroyed by Google. Myspace was destroyed by Facebook. While I don't know what a currency that could destroy Bitcoin would look like, there is a possibility that something new could be so innovative that it all but destroys Bitcoin. Even then while Bitcoin could be dethroned, I don't think Bitcoin would be destroyed. Bitcoin has inertia. It is going to keep going. Even if something else gets ten times bigger than Bitcoin, I think Bitcoin will continue to grow.
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Planning to launch Zimbabwecoin in the future. Focused on building a community around it now.
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erick94
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September 19, 2017, 03:51:43 AM |
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countries like China or Russia will be able to destroy bitcoin. because the country is currently the most important influence for bitcoin. but, in addition to these two countries there are other factors that could destroy the bitcoin that may now remain a secret.
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Anita1873
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September 19, 2017, 04:10:33 AM |
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It can only happen if all country governments total ban on BTC transactions and it is not possible as many countries already approve it as a legal currency in their country specifically Japan. Another reason is that people giving full support to BTC to rise.
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SkustaClee
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September 19, 2017, 04:18:50 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.
I think no one can destory bitcoin but one thing that i know can destory bitcoin is worldwar hopefully dont happen becuase many people get a source of income here in bitcoin.
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1NV3ST0NM3
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September 19, 2017, 04:50:23 AM |
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The big owners of bitcoin can destroy because of volatility of bitcoin when the owner did not use his bitcoin anymore or forgot their password the moment they did not recover it is to be consider lost bitcoin and when the number of bitcoin circulating in the market became lost or stagnant thet would be the start that bitcoin will be destroy.
Do you really think that these big bitcoin owners are such fools that they would forget password to their biggest asset. I dont think so. A big reason can be authorities who want proper records of everything. Crypto really do not provide much central control.
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Kahoy01
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September 19, 2017, 04:55:17 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.
I think the only one who can destroy to bitcoin is another cryptocurrency or another coins that have a so much high value because many people move there so the bitcoin will destroy.
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Iyasa_Aragaki
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September 19, 2017, 05:02:18 AM |
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Which can destroy the human bitcoin that plays the bitcoin itself, if no one plays again in bitcoin maybe bitcoin will be zero but in my opinion it is impossible to lose enthusuasts from bitcoin because the bitcoin itself gives a huge advantage
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#K!LL3R
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September 19, 2017, 05:11:50 AM |
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As per my perspective bitcoin cannot be destroyed as no currency can be destroyed till there is no inflation and it can be revived if it is so.
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kevindjunaidi
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September 19, 2017, 05:19:26 AM |
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I do not think anyone can destroy bitcoin, unless no one believes in bitcoin so no one uses it. that is where bitcoin will be destroyed ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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