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Author Topic: How do you think bitcoin will be wiped out?  (Read 1452 times)
AMHURSICKUS
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September 27, 2017, 11:15:36 AM
 #21

If this bitcoin will be wiped out all bitcoiners will go back to its original life when they didn't even no what is bitcoin.  This bitcoin play's  a important role in my life without this i woulnot be able to help my family interms of financial needs.
But i know this  bitcoin will never be wipedout, because this crytocurrency has a big potencial and maybe become our major currnecy, it is because theres an internet.

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September 27, 2017, 11:17:54 AM
 #22

maybe some people will lose their jobs, because I myself depend on this bitcoin
and many will have no job and no income

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kriticko29
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September 27, 2017, 11:24:32 AM
 #23

I  wouldn't be wiped out. As time passes bitcoin already built its foundation in many countries so we can say that it can withstand the struggles to come.
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September 27, 2017, 11:31:33 AM
 #24

yeah how else might bitcoin be eliminated for the disadvantage of the state, we as good citizens we have to submit to our government so that our country becomes advanced.
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September 28, 2017, 07:41:04 PM
 #25

No one controls the web.and its certainly hard for someone to shutdown the server just to wiped out bitcoin on web.however if the goverment step in It will be a different story.
Once the goverment decided to disable bitcoin.theres no way we can do about it. They will just make a protocol under their jurisdiction to ban people and company to hold, buy and sell bitcoin it means no matter how much bitcoin you made you havent made a dime until you've cashed  it out.it will just end up useless. I hope those type of situation would not be happen in real life.
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September 28, 2017, 07:51:01 PM
 #26

if that happens, then for those who invest heavily in bitcoin will suddenly go crazy.
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September 28, 2017, 07:53:10 PM
 #27

To be honest, they cannot wipe bitcoin out. And as the other users said, they need to shut the internet down because bitcoin is used only through the internet since it is not a real currency. In other words, it is the currency of the internet. And in fact, they cannot shut down the internet because this world is based on the internet and they would not shut it down due to the use of bitcoin. I mean it is not a big down for them.
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September 28, 2017, 09:06:23 PM
 #28

The fact that bitcoin is a crypto currency is the reason why they cannot wipe it out, it will remain in the sytem and no one can have the ability to delete it. The only thing they can do is to prevent people on using it which government can really controlled that is by the way of banning transactions regarding bitcoin like what china do. The government can do some legality issues to prevent the circulation of bitcoin.
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September 28, 2017, 09:14:01 PM
 #29

I really wonder how and what will happen if bitcoin will be wiped out. What will happen to cryptocurrency, bitcoiners, and other altcoins if bitcoin is gone...??  Huh
It is impossible to wipe out bitcoin. The only thing can happen is for the price to drop very down but I dont think thats ever going to happen. We all have an advantage from using bitcoin: people can pay with it, shops sell their items so government takes a tax for that. If they can earn even more money why would they try to wipe out bitcoin? There is absolutely no reason
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September 28, 2017, 09:18:15 PM
 #30

I really wonder how and what will happen if bitcoin will be wiped out. What will happen to cryptocurrency, bitcoiners, and other altcoins if bitcoin is gone...??  Huh
I think the cat is truly out of the bag now and it is unlikely to want to get back in there again (metaphorically speaking). No on can know the future but I would compare cryptocurrencies much like the internet of 20 years ago. IT is very early stages yet and I would think we are categorised as early adopters. When the masses adopt this, it will explode beyond belief.

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September 28, 2017, 09:29:19 PM
 #31

If some crypto will take its place just like ethereum, if ethereum step up more and grows more it will be a threat for the bitcoin and it can lessen the users, investors,and also the value of bitcoin it will stive down and the economy of bitcoin will crash if the ethereum steps up. But that thing will only happen when the bitcoin will be under by the ethereum and when the bitcoin is not used by people. I think theirs a lot of thing will happen after that.
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September 28, 2017, 09:32:00 PM
 #32

I really wonder how and what will happen if bitcoin will be wiped out. What will happen to cryptocurrency, bitcoiners, and other altcoins if bitcoin is gone...??  Huh
I think if bitcoin will be wiped out, or should i say banned, all of your earnings and investment in bitcoin will be gone that will cause you tk lose money. Great depression will happen to those people who lost a lot of money because of investing money to bitcoin. Also, those people who spend a lot of time and effort earning bitcoin will be depressed because all their hard work will not be rewarded.
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September 28, 2017, 10:28:19 PM
 #33

Bitcoin will be wiped out by the encryption-breaking ability of quantum computers. As new forms of quantum computers are developed, one will be developed that will rapidly expand the speed and capability of QCs. It will happen so fast that the devs will not have time to increase the hashing difficulty, or to implement QC themselves.

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September 30, 2017, 07:44:11 PM
 #34

I really wonder how and what will happen if bitcoin will be wiped out. What will happen to cryptocurrency, bitcoiners, and other altcoins if bitcoin is gone...??  Huh
I think it will never never and never happened in life time because if they wiped out bitcoin they must need to turn of the whole internet all over the world because there is a lot of ways for bitcoin to earn it and invest so I think they can’t do it and the time will come when the people who invest in bitcoin will make their life goal.

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September 30, 2017, 07:46:38 PM
 #35

It is impossible to wipe out bitcoin, why? because it is a decentralized currency, you need to deal with every people who use and mine bitcoin, because the people itself owns the bitcoin, if they're really want to make bitcoin erased then they need to shutdown the whole internet, because bitcoin uses internet to transact.
Yes you are right they can’t stop people to earn bitcoin and invest bitcoin because they will need to deal with the people all over the world and to those who just earned a lot of bitcoin and also gain a lot of money using bitcoin if they only talk about bitcoin wiped out then people will come out and then all over the world the value of bitcoin will be known by those who wiped out bitcoin.
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September 30, 2017, 07:49:02 PM
 #36

I refuse to answer this question because it implies that Bitcoin will be wiped out, which is definitely NOT going to happen, ever!!!



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Lyancy001
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September 30, 2017, 08:00:24 PM
 #37

Lol. Nope, Bitcoin will always be there no matter what they do. They have to get rid of the whole world's connection through the internet, first before that can happen.
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September 30, 2017, 08:34:10 PM
 #38

Bitcoin as a kind of crypto currency can not so easily disappear. He is pretty well protected technically from all sorts of troubles that can happen to him. However, even if we assume that bitcoin suddenly disappears, then this should not practically affect the existing altcoyins.

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September 30, 2017, 08:48:14 PM
Last edit: September 30, 2017, 09:15:34 PM by Kingofbitcoin12345
 #39

I really wonder how and what will happen if bitcoin will be wiped out. What will happen to cryptocurrency, bitcoiners, and other altcoins if bitcoin is gone...??  Huh

That's one trillion times impossible.. I don't think your just thinking negatively or you might be on something else,, if your dreaming it might be a nightmare already.. Bitcoin will not be gone and it will still be on circulation all your life.. It might be replaceable on its place on top but for thinking about its extinction will not be happening as long internet in the world is on..

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September 30, 2017, 08:53:20 PM
 #40

I really wonder how and what will happen if bitcoin will be wiped out. What will happen to cryptocurrency, bitcoiners, and other altcoins if bitcoin is gone...??  Huh

Why I keep on seeing these type of threads about wiping out bitcoin, bitcoin is dead, what if bitcoin is gone? Are you guys sure about your questions, you don't have to worry about this thing. Bitcoin is growing and will be keep on growing so instead of asking these type of questions learn on how the market is reacting about single news that are published and on how the decisions of the big market movers in bitcoin.

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