Will Bitcoin be too big to fail?

[Hell-raiser]

For that to happen, Bitcoin need to be recognized by Banks, however at this moment, lots of banks are trying to ban it from transaction and payment. On the other hand, many altcoins are being backed up by independent financial institutions. In my opinion Bitcoin will never fail, not because of being big but eventually all governments & state banks must accept it

Banks will eventually accept it. I see it already happening albeit very slowly. I think most corporations are scared to be the first ones to invest. It only takes one to take the risk! Are there any altcoins currently supported by any banking institutions?

I don't think there are any but I can be wrong of course. Ripple seems to be a privately issued coin though I'm not sure if the company behind it is a bank. I've heard about some bank in Europe allegedly accepting Bitcoin, but people say that they don't really open Bitcoin accounts.

It seems that banks need proper government regulation first until they can safely jump into Bitcoin. Maybe, Japan banks will be the first? Switzerland seems to be interested in Bitcoin too.

[Sengoko]

After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!

Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.

Thanks in advance!

nothing is too big a failure, because bitcoin also has phase stage where there is failure and there is also success so I also think so

Ups and downs are an acceptable matter of life but as far i can think and predict is that that it cannot fail . Its not a matter of two or three people millions of people are enjoying the benefits of bitcoin , so its quite impossible to fail this project , indeed with time it will expand and spread more. Though ups and downs are expected but not failure.

[specsmuluk]

if you fail never to give up,, rise again and spirit, because success it takes hard work and high struggle ...

initially I've failed, and I once thought that failure is a learning,, so I got up and excited ...

until finally I learn from all mistakes, now I am successful in BITCOIN ...

[Inkdatar]

if you fail never to give up,, rise again and spirit, because success it takes hard work and high struggle ...

initially I've failed, and I once thought that failure is a learning,, so I got up and excited ...

until finally I learn from all mistakes, now I am successful in BITCOIN ...

Gladly you become successful in bitcoin, apparently bitcoin has its fluctuation that the value may up and down. But whatever happens, many had its positive outcomes and still had to continue to support bitcoin. However, in bitcoin I dont think it will big to fail in the upcoming years, it is accepted that it has fail but the good thing it uplift those fudsters and bitcoin has been stands until these years.

[prehisto]

After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!

Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.

Thanks in advance!

In order this to be thru, BTC should get at least 10 times more market than it has now. In my opinion right now the BTC is highly speculative market with a bublle ready to burst nit not yet. I think it will burst at 10k and there will be noone to rescue us form blood shed. In other words, no, it wont happen .

[Sadlife]

There's a difference between wall street fail because there was this to big an central entity that is invested in it but does not have this in fact the price is controlled by the community itself not just an individual this what makes this digital currency great and superior compared to other centralized investment currency or resources.

[cryptokitty]

After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!

Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.

Thanks in advance!

I am really glad for the price increase of BTC, it is amazing. I guess it will not happen. Bitcoin will not fail that easily. More are getting attracted and forces to invest due to the increasing price demand of bitcoin.

[ashfer]

No there isn't a central agency which is willing to take out a falling market in bitcoins as there is no central agency or entity which exist for bitcoins as it is a free market with a decentralized platform and it there is a failure in the market rate we should be prepared for its down fall.There will be lot of people who will be eagerly waiting for its price to go down so that they can buy and store bitcoins.The reality of bitcoins which keeps it going is the trust that people has build on it the same implies on other currencies and assets.The base trust is something which is important if it fails everything will collapse.

[terrenceschroeder]

My opinion is Bitcoin can't be too big to fail cause it's base on the blockchain technology , which are the most modern technology for now. So the more growing of blockchain system, the more bigger Bitcoin becomes.

[BitHodler]

Banks will eventually accept it. I see it already happening albeit very slowly.

Accepting in what way? I can see them offer a way for people to easily buy and sell Bitcoin through a certain collaboration with an exchange, or them offering certain Bitcoin related financial instruments, but that's really it.

See it as how your bank currently allows you to buy stocks and whatnot. Other than that, there is no way that they eventually will incorporate Bitcoin into their way of doing business like is the case right now with fiat.

As we speak, there is already a bank that lets you view your Coinbase balance from within their online banking page. It's a read only feature, but at least it's something I consider to be a moderate first step towards more.

[Indrawan77]

I wont say too big to fail, but it will be quite difficult to fail, the supporters of bitcoin are keep on increasing and because it  is decentralised currency where the life is depends on the market, so it has more and more solid foundation everyday by the increasing of the users, but it still can failed, bitcoin's life is depend on the users when there are better coin appear bitcoin could be disappear

[South Park]

After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!

Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.

Thanks in advance!

To fail what? To fall down where its value becomes insignificant? Never. Bitcoin had been part of the online market and and is quiet impossible that everything will turn to rubble. Bitcoin had already lead us to our golden age. This investment kickstarted other people to grab the oppurtunity. There are risks of course, but I think it will overcome in the long run.

That is not going to happen bitcoin has a lot of money invested in it so its value it is never going to descend that much, we may get a dump once in a while and that is normal as people cash out and decide to invest in other stuff but we are never going to see the value of bitcoin reach zero.

[xCryptoManiaX]

You do remember what happened when China banned ICOs, right? If they want they could make it fall, sadly.

[SupportBitcoin]

You do remember what happened when China banned ICOs, right? If they want they could make it fall, sadly.

With Bitcoin at an all time high today, what could bring it down? Another ban perhaps?

[michellee]

i think its not too big to fail but I think its just a correction of the price because we already know that after bitcoin is increase so high, there will be any of correction price and sometimes the price is down too deep and makes people is panic. we have to see many times this situations and I think we don't have to be panic when the price is down and only waiting the price is increase again and we can buy bitcoin again. bitcoin is too stronger to be fail and I think many people will let bitcoin fail too deep, they will hold bitcoin and help bitcoin to increase more and more.

[ictin]

I think there are differents between Bitcoin and Wallstreet. Bitcoin is worked based on blockchain platform. It is non-governmental organizations. Therefore, Governments don't admit and bailout Bitcoin market.

[learner 7]

Any scenario is possible. But that bitcoin has failed, you need a new project that surpasses bitcoin. Although perhaps bitcoin will always be in the first place because of its status as the first crypto currency, well, like antiques.

[Solosmart]

I think that bitcoin will keep existing for several years because bitcoin is very big and famous right now that there isn't really a way for bitcoin to fall again. But ofcourse anything can happen but i think that one day it will reach even 20k.

[bitcoinorcash]

I think it will not fall from now because lots of people are really into bitcoin.Many have invested in it so it will be a big loss for the investor's if it fails and bitcoin doesnt want that.And bitcoin has already reached the high popularity that makes it more stable.

[pecson134]

After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!

Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.

Thanks in advance!

I think what are pointing is that you are just making sure if bitcoins would eventually fail. The answer in my own opinion is yes, for the reason that bitcoins is not 100% percent perfect as a system and still had its flaws(way much more  than money in a form of cash or non virtual currency). If this flaws would not be taken care of and had been neglected then that is the time where bitcoin would gradually go to its downfall as it may disappoint users on the long run and quit.This is just purely speculation but still it may happen in the future.