Who can destroy Bitcoin ?

[smokeydog]

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

Humans created Bitcoins therefore humans could destroy it. When it comes to factors that could make its market to zero are the following; massive security breach, majority of users are in illegal activities which result in worldwide banning implemented by the government, worldwide internet shutdown, nuclear war all over the world, EMP attack and the last but not the least end of the world. I am hoping that these catastrophic events will not happen in the future but it could be possible though.

Very well stated.   Most don't want to face these issues.

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[RayvenPierre]

As long as there is a demand for bitcoin and there are people using bitcoin it will not be destroyed nor cease to exist. There isn't anyone who can control or manipulate bitcoin not even the most powerful person in the world because bitcoin is decentralized.

[Seedify]

Complete shutting down of Internet can destroy bitcoin...

That is certainly true, but shutting down the internet would also destroy non-cryptocurrency businesses, and seriously impair the ability of millions of people to make a living. Such an event would make 2008 look like a joke. It would be more like a 1929 event, or worse. Our whole society runs on the internet now...

[smokeydog]

As long as there is a demand for bitcoin and there are people using bitcoin it will not be destroyed nor cease to exist. There isn't anyone who can control or manipulate bitcoin not even the most powerful person in the world because bitcoin is decentralized.

And, what good are my 10 bitcoins currently worth 43000 dollars in a block chain distributed database if my government says I am breaking the law if I use them.   I have several million in assets and there are many legal ways to use it and protect it.  If my government were to make crypto illegal like drugs, would I risk my several million in assets to possible gain more?  

Will bitcoin continue on, yes, but if governments fight back it will be worth much less then it could be.  

If governments don't get on board, the possibilities for bitcoin will be limited.  

Long term it could continue to be nothing but cash for a never ending list of silk road type entities.  Let's hope not.

[BitBanshee$$]

The biggest danger to Bitcoin are people in the community. It's important we work together to build a stable environment for cryptocurrencies.

[LodisMcguire]

Maybe when bitcoin is banned by all country and private keys and data leak
FUD by many big company that related to world economy

[smokeydog]

As long as there is a demand for bitcoin and there are people using bitcoin it will not be destroyed nor cease to exist. There isn't anyone who can control or manipulate bitcoin not even the most powerful person in the world because bitcoin is decentralized.

There will always be a demand for cocaine and heroin and you can profit by buying and sell those drugs and with that comes some very high risk.   If your government says you can't pay for goods and services with bitcoin, what level of risk are you willing to live with.   What profit margin will you need to make that risk acceptable.  Don't think for one second that the US Government can't put you in jail.  True, they can't put everyone in jail but, you might be one of those who they do lockup.   What gain would make that risk worth using bitcoin?

Bitcoin is still a relatively new thing and we are a long, long way from knowing how this story will end.  It's not going away but it may only have a small following if the US Government decides to attack it.

[pragna]

I think nobody can not destroy bitcoin. its a digital currency and no 3rd party can not control it in his own way as share market or any other market control by third party. If the hacker want to control it another hacker who are in need of money he will protect it.

[shannen8]

Hackers.Due to hackers people will get scared their wallet will be hacked and people will stop using bitcoin.But is it is not such a huge threat though.

[Wingo]

The creators or some international laws that would prohibit the use of bitcoin. But it is very impossible to happen, many people are benefiting from bitcoin and as a result, many people also supports bitcoin

[kirikmax]

I dare to bet with you is no one can destroy BitCoin, Can not
BitCoin will last forever and go with the development of humanity

[gajebo]

no demand and market. bitcoin will drop to its lowest level. but how is it possible, bitcoin is the most valuable set. so who wants bitcoin down, when someone has a large enough amount.

[datodota002]

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

remember what happening in china?? that is just one of many kind bitcoin destroyer, The regulation, lost of interest from bitcoin user, world wide banning, no more miners(maybe) and the last is world wide internet shutdown

[pepoaly007]

Dont warry my friend no one can destroy the boss he falying away just need rest to go rise bitcoin the best thing u can  see ever

[Drnice]

Agencies that can stop or fight to bring an end to bitcoin and other crypto currencies are the government, anti-fraud agencies and any other bodies that fight against crypto. These can fight, which might either end in a win or a loss. SHUTTING DOWN OF THE INTERNET  will be the only final answer to end the existence of bitcoin and crypto currencies.

[splat44]

No one can destroy Bitcoin, Bitcoin is like a gold reserve and all transaction are in blockchain. Blockchain is unhackable even the best hackers in the world can't hack bitcoin. People should understand that. if their will be a world war bitcoin is still there.

[yvesp110]

Dont warry my friend no one can destroy the boss he falying away just need rest to go rise bitcoin the best thing u can  see ever

Indeed we all need not to worry about the bad future or disappearance of the bitcoin from the world economy forever, bitcoin has been successful in building up strong market in the world economy, people are now very much fan of bitcoin and are highly impressed by the advantages and features of the bitcoin. It is out of question at present to even think about the destruction of bitcoin.

[sirat01]

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.But people or country can manipulate bitcoin price to increase or decrease.

[felicita]

As we have no see the countrys can forbid  or output the bitcoin
as China has done they forbidden the exchange of Bitcoin !
If my Country (germany) also will forbid a exchange of Bitcoin then all m Bitocins are lost i think XD
Lets hope that the goverments see the good thinks in the blockchain and use it also as iceland do and some other great small countrys now satrt to do !
But in the end they only can forbid a Coin and not destroy it


kind regards

[Vikingr]

I think for now there is nothing that can damage bitcoin because bitcoin is so strong and too much that uses bitcoin so it is difficult to change the value of bitcoin to zero

Bitcoin has developed so strong that no power can destroy it, it main stream is so strong and so many investors across the globe will not allow anyone to destroy such a valuable coin and those who think to destroy it ends up with back off and the strength of bitcoin will grow more as many newbies are coming toward this mighty coin and it will prosper more in the future.