RajaJudi
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Less is more
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October 13, 2017, 02:53:02 PM |
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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 thing which can destroy Bitcoin within a few hours is the loss of trust of all the bitcoin users into Bitcoin because of any bad reasons. Because I think regulations, bans, new type of cryptocoins cannot kill bitcoin. But if losing the trust of bitcoin users because of some security issues in bitcoin, this could make the bitcoin value fall very fast. True. However, I think nothing can destroy Bitcoin. Bitcoin just can be destroyed if governments in all country ban their citizen from using Bitcoin but it won't happen. Otherwise, internet around the world crash and we can get access to Bitcoin.
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kaya11
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Merit: 110
SOL.BIOKRIPT.COM
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October 13, 2017, 03:03:12 PM |
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It will be destroyed by the world government. In the future they want the money to be back to as it is used to be, maybe using again gold,silver and bronze. Goin back to medieval periods. Hope that it will not go to that. I am thinking of investing in mining so please. Make sure the value of the coins be higher and not lower hehe.
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alexsandria
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★777Coin.com★ Fun BTC Casino!
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October 13, 2017, 03:34:41 PM |
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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 there is no one who can destroy it because as we can see as the bitcoin continue to have its progress in our everyday life it become more stronger and didn't have any possibilities that it will destroy by any thing. But of course we didn't sure about the government because sometimes government can kill it eventhough it is decentralized.
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Koinci
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No Bitcoin, no problem.
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October 13, 2017, 03:39:15 PM |
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I don't think another coin would destroy Bitcoin. But a new technology, that we don't know of yet, might.
If we are talking about decentralized technologies, be it financial or any other area, well I am pretty sure governments, banks and the like won't be too happy with them and like with everything else, they will try to control and own it. Some countries might push their own coins and ban all others etc. Which is against the ideal of being decentralized. Crazy world, anything might happen.
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datodota002
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October 13, 2017, 03:42:35 PM |
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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 are many question like this. The main thing is the goverment and the user when goverment successfull convince their peoole to don't use bitcoin. it will become the end of bitcoin
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rajsimran
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October 13, 2017, 03:45:41 PM |
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No one can destroy Bitcoin.Even creator of Bitcoin can not destroy bitcoin.only people or country can manipulate Bitcoin price.So there is no chance to destroy Now people and country accepting Bitcoin.Bitcoin price will pump more and more
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btcbringer
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October 13, 2017, 03:47:15 PM |
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in my opinion, btc will kill itself due to some reason, maybe the security, maybe lost the trust, also can be tired, no matter how, it will be a long time for btc to destroy and before which btc shall be the king of cryptos
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abdillahzidan
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October 13, 2017, 03:53:44 PM |
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may be physically bitcoin no one can destroy, but bitcoin can be destroyed by its value and it depends from tehnikal analysis and tehnikal its fundamental and possibly ugly is banned bitcoin ato scam at its market
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bob123
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October 13, 2017, 04:01:44 PM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Trump (with his massive stupidity) if hes going to launch all nuclear bombs to destroy the world. I'd say trust is extremely important for Bitcoin. If a hash collision will be found or big security issues gets public, BTC will fall within minutes. If miningcenter are getting bigger and only a few miner own 50%+ of hashing power this could get risky to still use BTC. This also probably would dump the price. Another factor would be if governments (not just 1 country, majority of countries) are going to ban BTC. This will not destroy BTC but price would drop extremely. Thats all scenarios i can imagine. Maybe, of course, if internet/electricity goes down.
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ghost424
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October 13, 2017, 04:26:05 PM |
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Bitcoin can be destroyed in a lot of ways if people who are using it thinks hard enough. If they knew how to control bitcoin in a bad way, then the price of bitcoin would go down. Fortunately not all of the bad persons in this world has knowledge in cryptocurrency which is good because bitcoin is still controlled and there are no reports of bitcoin being hacked.
I think bitcoin would be destroyed if they abuse it. The major stockholders would think that having bitcoin is not as good as they thought if the bad persons will use it in a abusive manner.
Maybe if they totally ban the internet. Bitcoin would also die because bitcoin is one of the cryptocurrency that has a very high price and if internet is gone. Then bitcoin would also be useless.
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nambunamba
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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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October 13, 2017, 04:31:50 PM |
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be sure nothing can destory Bitcoin sure there is nothing can able to destroy bitcoim right now. more people would understand great of bitcoin. the value is tell everything. tbis is bitcoin and this is cryptocurrency. bitcoin should be the one that makes people want to invest in cryptocurrency and use it as a trading item that legal.
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Gloria_16
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October 13, 2017, 05:16:09 PM |
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Nothing will destroy bitcoin, while there is blockchain and anonymity, there will also be bitcoin.
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desi92
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October 13, 2017, 09:45:38 PM |
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Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Only one thing, all country in the world prohibit their citizens to not use bitcoin.and every block all sites related with bitcoin. But its hard to happpen.
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mahibul49
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October 13, 2017, 09:47:08 PM |
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bitcoin is a great crypto and a popular one right now.so it wont be destroy!it will rise more
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Crypdon
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October 14, 2017, 07:54:36 PM |
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If the security is broken by a cryptographic wizard then the value will drop down to zero. Unbroken for now, but who's to say it can't be done in the future.
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yoseph
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October 14, 2017, 08:02:01 PM |
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Though they don't have the ability to destroy bitcoins,if the governments of the world make up their collective minds, they can devalue the price if bitcoins to the extent that it will become practically useless.
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Rinder
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October 17, 2017, 10:22:05 AM |
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Bitcoin has been and keep being used for several individuals, it wont die as people keep trading, investing, the only possible way to die would be countries buy a big portion of them and start manipulatiing the price, legalization might allow them to play those game, and people may not like it, but sooner or later countries will have a good influence into crypto world, something till now hasnt happen as we know.
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Fasdartin
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October 17, 2017, 10:37:37 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.
as of now i don't see anyone can destroy the bitcoin. we know that the bitcoin now is the number one among the all cryptocurrencies . because of its expensive value and faster transaction there's no one can destroy bitcoin like china. china was a great contribution in the bitcoin and we know that china banned the bitcoin others say if bitcoin banned in china its possible to destroy the bitcoin. but what's happen ? until now the bitcoin is rising and rising up again.
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YaChou
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October 17, 2017, 10:39:35 AM |
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successful cryptanalitic attack on private keys, excessive mining monopoly, global internet shutdown (possibly), massive loss of interest.
isn't it the end of the world if that happens already ??
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mrfaith01
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October 17, 2017, 10:46:27 AM |
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People is the one who can distroy bitcoin...because some bad people making scam to get bitcoin..some people hack the other bitcoin wallet and get the bitcoin..that is why some people scared to invest in because so be careful of your account and put some security feature
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