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Author Topic: Who can destroy Bitcoin ?  (Read 21459 times)
hridoyb
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September 24, 2017, 05:00:07 PM
Last edit: September 24, 2017, 05:17:43 PM by hridoyb
 #201

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin never destroy one  country .Now bitcoin is most popular crypto currency coin in the world.BItcoin rise again its now 3710$+.and its hit 4010$+ when chin try to ban .So never worried about bitcoin.

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September 24, 2017, 05:34:14 PM
 #202

This is old question, and there are older threads that have same question in headline. I'm not surprised that this question is still have a lot of attention from people, some of you are new here and you wish to know what can destroy bitcoin.
There are many theories what can destroy bitcoin and from all of them I liked just one and that is new technology. Today blockchain represents innovation, but technology made more progress in past 20 years then in 100 before, and what can we expect to happen in 20 years from now? If something new appear that can move bitcoins on second place. What am I talking about is visible, do you know what is mining rig and did you ever saw one? Who knew about thisbthinfs 5 years ago? What will they invent in next 50 years? Think about this.

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September 24, 2017, 05:37:47 PM
 #203

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
well, i think bitcoin the only way to destroy bitcoin is make the governments of the world ban bitcoin why? only the governments always have the power of authority to ban or unban something. and if the governments ban bitcoin investors will sell all the coins they have and that's it bitcoin is now dead. without the investors bitcoin is dead.

 
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September 24, 2017, 05:42:17 PM
 #204

Nobody can destroy Bitcoin as it is a decentralized network of computers that can not be shut down as it does not have one central point of failure. It is also open source so people are making it better everyday.
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September 24, 2017, 05:53:10 PM
 #205

Nobody can destroy Bitcoin as it is a decentralized network of computers that can not be shut down as it does not have one central point of failure. It is also open source so people are making it better everyday.

So true. Bitcoin cannt be destroyed because it isn't centered on one party or group. Bitcoin from us to us. Progress will continue to occur with bitcoin as bitcoin user increases.
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September 24, 2017, 05:59:34 PM
 #206

This question is not to be raised. Bitcoin so far so good in performance and nothing is gone fake in it and lot of people started to believe and experience the convenience of using Bitcoin.

Only facter Bitcoin destroy is If there is no Internet in this world this reason will end Bitcoin.

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September 24, 2017, 06:04:04 PM
 #207

Bitcoin can destroy the governments of countries!
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September 24, 2017, 06:12:18 PM
 #208

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
SATOSHI or the world will unite in just one decision .. STOP BITCOIN AND BANNED THEM
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September 24, 2017, 07:16:59 PM
 #209

which can destroy bitcoin is the government, if the entire government blocks all bitcoin transactions, then that's where bitcoin will be destroyed and die, and I'm sure if the government blocks bitcoin, no more bitcoin in crypto and bitcoin just memories  Grin

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September 24, 2017, 07:24:05 PM
 #210

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


nothing can destroy the bitcoin at the moment. yes for now. I dont know for 30 years to come.

but for now bitcoin is king of crypto. and the symbol of the golden empire. bitcoin has transformed into a breakthrough and innovation for those involved.
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September 24, 2017, 07:33:31 PM
 #211

USA and China trader. they have enough strength to destroy bitcoin. bank too. they have enough money to kill bitcoin
I would say that only the whales in China have enough power to REALLY crash Bitcoin, and their trading would have to have a ripple effect for it to be anything of note in the West. Bitcoin was trading down in the 2k for a while there, I don't think that they even have that much power when it comes to western markets in general. If there's a $1k spread between most US and Chinese exchanges, that likely speaks to either a large disconnect between the markets or a general lack of impact for news like that we had from China.
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September 24, 2017, 07:37:46 PM
 #212

Only god.
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September 24, 2017, 07:39:51 PM
 #213

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Market value goes to Zero?Then its possible if all bitcoin users would decide to dump all of their BTC. When we talk on destroying it literally then its not possible know that bitcoin cant be destroyed physically since its a digital currency and also bitcoin would be useless if earth hits a great EMP that would affect internet then for sure it would kill all coins not only on bitcoin since theres no connection which is needed on making transactions or network connections but if we do talk on near reality then as i say bitcoin would lose its value when its users decide to dump it.

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September 24, 2017, 07:53:05 PM
 #214

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Market value goes to Zero?Then its possible if all bitcoin users would decide to dump all of their BTC. When we talk on destroying it literally then its not possible know that bitcoin cant be destroyed physically since its a digital currency and also bitcoin would be useless if earth hits a great EMP that would affect internet then for sure it would kill all coins not only on bitcoin since theres no connection which is needed on making transactions or network connections but if we do talk on near reality then as i say bitcoin would lose its value when its users decide to dump it.

NO individual can single handedly destro Bitcoin. It will take a collective decision by we the users of Bitcoin to completely abandon Bitcoin before it can trigger its destruction or unless internet ceases to exit.
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September 24, 2017, 08:10:41 PM
 #215

If the way China is going is to be followed by many other countries and economy then Bitcoin may be threatened. But it is like BTC is coming out stronger.
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September 24, 2017, 08:10:56 PM
 #216

I think it would be impossible to destroy bitcoin... well maybe not impossible, but near impossible. For bitcoin to be destroyed people need to stop using it. That is almost impossible to happen i guess. But for that to happen, every country on Earth needs to ban bitcoin, and i do not see that coming soon. Other than that, i do not see why would people stop using bitcoin, and i do not see how can bitcoin be destroyed.
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September 24, 2017, 08:16:24 PM
 #217

I would say at this point Donald Trump could destroy Bitcoin and also the leaders of other super powers like Russia and China.

Maybe hackers could also destroy it if they can control over 50% of the network.

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najmul33
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September 25, 2017, 06:50:04 AM
 #218

Bitcoin is a virtual money and uses Technologies and Interne so no one can Destroy Bitcoin.
Only the government can banned the Bitcoin in many countries.
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September 25, 2017, 06:56:57 AM
 #219

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

no one can destroy bitcoin because bitcoin is not a physical thing therefore it wont be destroyed unless there will be a permanent blackout and we dont have acces to internet or it has been infected by a super virus or maybe there will be a huge meteorite that will fall down on the earths surface and will destroy all human kind and everything. but in reality its nearly imposible or wont occur

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September 25, 2017, 07:01:44 AM
 #220

I don't think that bitcoin gets destroyed in a short or long by some authorities. It's all about the trust and the growth keeps on moving higher and higher. Maybe if the entire network connectivity fails, some issues might arise with bitcoin. Other than that no possible reason is there for destruction.

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