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Author Topic: Who can destroy Bitcoin ?  (Read 21733 times)
niisarearning
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September 27, 2017, 06:53:23 AM
 #281

There was lots attempt already happened to destroy bitcoin but nothing changed for some time the fluctuation happened may be small dump for a month then after huge raise above 200% recent hardfork now china ban becoming stable and ready to take one more launch.
travelgear17
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September 27, 2017, 07:09:41 AM
 #282

Bitcoin destroy is not possible by anyone because bitcoin is not a personal assets of everyone that someone want to kill it and happened. bitcoin is public assets so if have to destroy bitcoin firstly have to destroy internet server or protocol and secondly satellite. otherwise can't never. 
albertvert
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September 27, 2017, 07:21:26 AM
 #283

There was lots attempt already happened to destroy bitcoin but nothing changed for some time the fluctuation happened may be small dump for a month then after huge raise above 200% recent hardfork now china ban becoming stable and ready to take one more launch.

Many are trying to destroy the bitcoin by having a fear in bitcoin will replace their entire currency system. At first ,China banned the bitcoin trading .Since many Investors are in China. They got fear of the bitcoin will replace their own currency. So they start to ban the bitcoin. But bitcoin had over come That one.
weblouartisan
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September 27, 2017, 07:25:26 AM
 #284

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

In the future if no one will be interested or there is a new currency that has a higher value then maybe the market price will sink to zero, Another thing when the time comes that there is no more bitcoins that can be mined then that is the end but for now just enjoy earning and do not worry about the future because it will take more than 50 years that to happen.

btccash24
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September 27, 2017, 07:27:11 AM
 #285

The goverments can destroy bitcoin banning this cryptocurrency
Sohailul
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September 27, 2017, 07:27:52 AM
 #286

Bitcoin is at present very valuable crypto. But i am not sure properly who can destroy bitcoin. If any single country not support this. So i think this coin can be destroy. But it is not possible and do not want to destroy bitcoin.
cryptolerant
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September 27, 2017, 07:32:42 AM
 #287

at this moment nothing can really destroy crypto currencies. it is too late for banking industry to kill it.
CryptoGhanif
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September 27, 2017, 07:35:58 AM
 #288

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

1. World War
2. Dooms Days
3. Something more advance than bitcoin
qwertyup23
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September 27, 2017, 07:45:40 AM
 #289

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

There are several factors on how bitcoin can be worthless, and here are some scenarios that I think that may potentially destroy bitcoins:

1. Prohibition of most countries against bitcoin transactions;
2. Number of people and investors who use bitcoin as an investment or for transactions;
3. The worldwide shutdown of the internet connection; and
4. Maybe high-ranking government agencies that have control over transactions.

The question is, would bitcoin be worthless in the future? As of now, its price is continuously rising despite China's banning of ICOs but there was a dramatic decrease on its price from $4700 to ~$4000. We may never know what to expect in the future that might increase/decrease price of bitcoins but the fact still remains that bitcoin is indeed, an investment that everyone should risk for.
Karimeen
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September 27, 2017, 08:40:58 AM
 #290


 No body can  destroy the bitcoin physically at a stretch since it is an electronic asset but it can discourage by the government to their own people and it can ban the ATM out lets from their own country. It is indeed a tedious task to destroy the bitcoin to one country alone and hence practically it is impossible unless  a parallel arrangement  better than bitcoin is enforced.
sasaku bitbit
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September 27, 2017, 09:02:05 AM
 #291

for me, bitcoin will always live and continuously increasing the value of high prices in the future toward later and we should enjoy revenue and don't worry about the future because it will take more than 30 years it might happen. There are several factors that can destroy the bitcoin is an intruder a hacker breaking into professional bitcoin so bitcoin bankrupt price bitcoin became weakened back
Alex-Z
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September 27, 2017, 09:25:22 AM
 #292

If the Ethereum is more successful in the future, it can destroy bitcoin.
whoisyourking
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September 27, 2017, 09:28:33 AM
 #293

Only government can stop bitcoin as long as it is legal we can use it freely without a doubt but if the government make their decision or announce that bitcoin are no longer can use to buy things or illegal it will ruined not only the value but the bitcoin itself..
Bosx1ne
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September 27, 2017, 09:30:24 AM
 #294

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
There is no person, organization or even government can destroy the bitcoin. The bitcoin is very strong.

chickenado
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September 27, 2017, 09:52:56 AM
 #295

If the Ethereum is more successful in the future, it can destroy bitcoin.
As of now,no one can beat bitcoin. The better the situation this time,the chances are more interesting in the eyes of investors. Ethereum somehow may destroy bitcoin but bitcoin balances the the system. Without bitcoin,ethereum won't exist. The two must cooperate for both are promising in the crypto currency world and also for the business minded people that are trusting their names. Big outcomes are waiting for bitcoin and ethereum in industries. So in the future it will make the economy grow and develop well.
Leo D
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September 27, 2017, 10:02:17 AM
 #296

Hackers attacks of privte key or bitcoin system


internet shutdown


War III

new coin better than bitcoin
Minionnn
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September 28, 2017, 02:14:54 PM
 #297

Bitcoin is developing strongly and popular in the world. Therefore, bitcoin is very difficult to kill. I think the only way to destroy bitcoin is to permanently disconnect the internet globally.

feiss
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September 28, 2017, 02:27:21 PM
 #298

If you are referring in the question "who" then i think the only one that can destroy the bitcoin is the one who made it because he knows the algorithm used in creating bitcoin and maybe he will know how to destroy that process and make it drops until it reaches to zero.

wuvdoll
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September 28, 2017, 03:33:51 PM
 #299

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

Well Media can hurt the price of bitcoin and even popular person who throw bad comments about bitcoin, but literally bitcoin will never become zero again in terms of value, because i know a lot of people are believing on bitcoin and no one can dictate them what to do. They can drag down the price of bitcoin but they can't destroy bitcoin, never.
Truly, they can depict the price of bitcoins but they can't actually destroy bitcoins because bitcoin is not a small concept now but instead it is a widely been used global cryptocurrency and also it has been seen many such difficulties in the past but still grew up to give us the best and it is a good thing about bitcoin.

Some major sources of news can really affect the price for bitcoin if some fake news are been published. Similar drop we saw recently from the news about china banning bitcoin exchanges but yes, bitcoin is back on its way and it proves that bitcoin is unstoppable now.
Hutalar
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September 28, 2017, 11:44:38 PM
 #300

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

Well Media can hurt the price of bitcoin and even popular person who throw bad comments about bitcoin, but literally bitcoin will never become zero again in terms of value, because i know a lot of people are believing on bitcoin and no one can dictate them what to do. They can drag down the price of bitcoin but they can't destroy bitcoin, never.
For sure media have a strong hold to manipulate the ups and downs of bitcoins. In recent times, media can even make a hype over a wastage. So either it will make it to the highness of fame or just destroy the repute of bitcoins within a day. Plus the whales are of great affect. They can make a rise or fall in price within one hour or even so.
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