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Author Topic: Who can destroy Bitcoin ?  (Read 21674 times)
West0813
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October 24, 2017, 07:21:51 AM
 #741

Only the loss of internet connection can destroy bitcoin.

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mahibul49
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October 24, 2017, 07:24:45 AM
 #742

i m not seeing anyone can destroy bitcoin.you can see the growth and definately bitcoin user is also increasing day by day.so bitcoin  is for long term
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October 24, 2017, 07:29:09 AM
 #743

1. No one believes in bitcoin (because of something).
2. World war.
3. When the power grid/internet has been shutdown.


I beg to differ. I think a world war would possibly see bitcoin to $100,000
Because any other financial system would be so much more affected than bitcoin.

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bitvalak
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October 24, 2017, 09:05:54 AM
 #744

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin prices will drop if the miner is greedy. As has been previously reported rumored if the greedy miners by raising their miner speed eventually not long ago bitcoin prices drop almost 15%. On the other hand I think the bitcoin maker aims to prosper the whole human through bitcoin.

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Dodoymabs
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October 24, 2017, 09:46:28 AM
 #745

If there is a program that hacked all private keys of crytocurrency maybe that's possible.But its very hard to think that as of today that bitcoin has now a very strong foundation maybe it's impossible to destroy it.Just be thankful that bitcoin has created because many people hasnow becoming rich.
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October 24, 2017, 09:54:24 AM
 #746

Probably hackers who want to access and grab every bitcoin wallet of the people which could result in dissatisfaction and distrust of people to bitcoin which will eventually lead to the fall of bitcoin that might turn to zero value of every bitcoin and also those people who like to meddle with other peoples transaction which could turn to their immediate anger. And Scammers are also potential harm to bitcoin because they disturb and harm the other peoples transaction through frauds and trickery.

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Xising
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October 24, 2017, 10:00:30 AM
 #747

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

I think the one possibility of bringing down bitcoin’s market value to zero is when its security has been greatly compromised by hackers. When this happens, massive loss of interest would follow; who would ever want to invest without security? Another possibility is if the government completely bans the use cryptocurrency.
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October 24, 2017, 10:04:55 AM
 #748

I don't think that bitcoin gets destroyed in a short or long by some authorities.  It’s popularity is still growing. The only way to destroy bitcoin is to disable Internet connection around the world.
Dextroboy
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October 24, 2017, 10:13:31 AM
 #749

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
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October 24, 2017, 10:40:55 AM
 #750

Bitcoin is a crypto coin. Daytime Bitcoin became popular Its price is increasing and the price increases. It decreases prices like the stock market. It never stays.
Then and I think it's never likely to be zero. I hope its prices will continue to grow.
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October 24, 2017, 10:53:07 AM
 #751

Society would reenter the stone age if internet was gone. No internet no bitcoin, none or goverment can't destroy bitcoin because they can't destroy a decentralized system like the internet.
marzuk
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October 24, 2017, 12:00:54 PM
 #752

There are three ways to destroy bitcoin. Its my personal thinking only
1. A world war or nuclear war will  probably destroy bitcoin because a lot of people will be withdraw from crypto currency.
2. Internet Problem, If there are no internet bitcoin can not be used.
3. End of the electricity.
in my personal opinion that can destroy bitcoin. If that dose not happen then bitcoin will still exist and still used by the world community.
sonic212
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October 24, 2017, 12:24:51 PM
 #753

nobody can ever destroy bitcoin unless its own users as long as its users still use bitcoin, bitcoin will never die and, as long as we are all still loyal to bitcoin, bitcoin will never be destroyed, will remain alive and growing investment will greatly keep the stability of bitcoin .
yoseph
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October 24, 2017, 12:29:54 PM
 #754

nobody can ever destroy bitcoin unless its own users as long as its users still use bitcoin, bitcoin will never die and, as long as we are all still loyal to bitcoin, bitcoin will never be destroyed, will remain alive and growing investment will greatly keep the stability of bitcoin .
With the exception of a global war which will wipe mankind off the surface of the earth, I think the another way that bitcoin can destroy is when the entire world governments make up their mind to ban bitcoins, this will drop the value of bitcoins so low that people will lose interest in it.
tyronecoinbit
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October 24, 2017, 12:30:31 PM
 #755

There are three ways to destroy bitcoin. Its my personal thinking only
1. A world war or nuclear war will  probably destroy bitcoin because a lot of people will be withdraw from crypto currency.
2. Internet Problem, If there are no internet bitcoin can not be used.
3. End of the electricity.
in my personal opinion that can destroy bitcoin. If that dose not happen then bitcoin will still exist and still used by the world community.

You have a point. But that is really impossible to happen. Just like in bitcoin, it is really impossible for it to destroy. No one can destroy  bitcoin even the government.
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October 24, 2017, 12:34:57 PM
 #756

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


For me I think no one can destroy bitcoin in easy way. Maybe bitcoin will die in some scenario like World War wherein there is a possible shutdown of internet in the world, lost of electricity and when all people are gone.

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October 24, 2017, 12:51:18 PM
 #757

I dont think anything can destroy it permanently.It's demand is increasing .It's.price is touching new heights. So in this present scenario , i dont think any factor can destroy it or make it's market value zero.

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October 24, 2017, 12:56:56 PM
 #758

The collapse of humanity as we know it will be the only reason behind the collapse of Bitcoin and crypto-currency in general.
Blockchain technology is here to stay as long as technology exists.

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October 24, 2017, 01:04:10 PM
 #759

I think it would be very hard to destroy Bitcoin. It is established now.

BUT.............

If all governments as well as China were to make Bitcoin an illegal form of payment (which they could do). Then Bitcoin has no value, as you can't spend it anywhere. This would end Bitcoin.

Blockchain technology however will not be banned, the blockchain will be everywhere in 15 years.
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October 24, 2017, 01:10:28 PM
 #760

We don't even know who created bitcoin, how can we destroy bitcoin??? If at the first place, we know the creator of bitcoin, maybe we can destroy it slowly and slowly. But now, not only we don't know the creator, people who holding bitcoin is actually quite big and can't be destroy with only 1 strike. So no one can, let it be
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