Will Bitcoin be too big to fail?

[chief143]

But realistically the only thing that keeps bitcoin going is the fact that a community of people believe it has value. This same theory, reality applies to all currencies and things of value. As soon as people agree that it doesn't have value it will fail and that will be it!

I remember the stories of Natives exchanging Diamonds for a case of Coke. It's because they did not value diamonds and they only use it as either a hammer or like normal rocks.... today, it's virtually impossible for bitcoin to go down since it is the top traded cryptocurrency and because of it's anonymity,
secret or illegal organization use it to move large amounts of money untraced...

[bubblebit]

Bitcoin is like a building with no foundation it was every investors pushing it up and if they decided to let go all of them there’s no other way it goes but down. It can be a failing investment but as long there is 100 or thousands or millions who demand and believing on it there is a big tendency it won’t fall. Bitcoin is not back up by gold or any stable minerals that may not be gone physically but humans is destined to die and if the next generation don’t want bitcoin that’s the end of the story.

[ipanks]

bitcoin is too big to be compare with wall street because bitcoin is for over the world and wall street is only for people in one country. i don't think that bitcoin will fall like the wall street because we don't know what power bitcoin have until know, maybe we already know but i guess we don't know the full power of bitcoin, right? but bitcoin will be bigger than now in future, so i think bitcoin will be bigger than wall street too if bitcoin is being legalized in every country because bitcoin will reach all people which want to use bitcoin.

[Irvinn]

Already, the role of cryptovata in the world economy is enormous. At the same time, the crypto currency is only beginning to enter our life and is already in great demand. Various states use its technology blockchein and issue their own crypto currency. This indicates that the crypto currency is only beginning to spread around the world and in the future its influence will be enormous. If the crypto currency is a bubble, then it will still exist for several decades, perhaps centuries.

[xbl1008]

all things had a chance to fail even titanic sank in the middle of the sea when its believe to be unsinkable my point is always secure your profits or investment that you can monitor it most of the time so that the risk of loss will get really low..

in bitcoin we trust i think before it fail a lot will profit or the one that will replace it is the upgrade of bitcoin

[THAHIRHAJI]

Bitcoin is not only too big it is still very short period only surviving and it has the potential to grow bigger then now we not just to believe anyone we go through the track record and anlayse it is proved that compare with other cryptocurrency far better performance by bitcoin make more confidence about the success and not looking for any failure in near future for sure technically and practically.

[mdripon]

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!

 The courage of the brave soldiers who proceeded by winning the fear.There is no question of fear of decreasing bitcoin. Being a big fall witness is morale. so bitcoin fall  not a big fall.

[PalindromemordnilaP]

That's beyond our expectations. It will only goes to two different ways. One is that , it will be good for us if bitcoin will continue to dominate the cryptoworld for the coming decades. It will be an epic fail if it will stop, otherwise.

[Wall-ET]

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!

It is BIG but it will never get "too big to fail" - this is something negative!
The main reason for that is it is too good to fail. It is so good that it will not fail
So it will not need a bailout as WS needed...

[barabut]

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!

Same for me as well, I learn so many things from this forum. Come to your point that there is more or less 500,000 people using bitcoin in a daily life globally, other than bitcoin there is around 1000 different alt coins and cyripto currencies circulationg in this ecosystem so, do you think we have a big eco system currently? Together with these numbers, this has a potential.

[endlasuresh]

Bitcoin won't fail, still it is in strong position so need not to worry. Like you said that is new here and there are so many new comers everyday and I suggest you read this forum everyday to gain knowledge.

There are lots of other Crypto currencies, then think again why they are starting and spending much time, investing into the project.

Everything is risk including our life like we drive our car in wrong route.

[tee-rex]

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

Methinks, you have a point, though likely not in the way you think. Bitcoin can become big enough beyond the point of failure, so to speak, but certainly not because it gains the same status as Wall Street. I mean it can grow so big that it won't need the government intervention or support to save it like the US government saved the American banks from collapsing one after another in a domino-style crash in 2008. Anyway, that was a right decision on the part of the US government, but Bitcoin may never need that since its growth would be organic, not on roids like it was with the US financial sector. So, answering your question, yes, bitcoin may become too big to fail, maybe, in a somewhat literal sense of the word, but definitely not in the Wall Street sense.

[AverageGlabella]

I think it's already got to the point that it's too big to fail. It's value is too strong and I dont think we'll be seeing in in triple digits anymore.

[KingOfWinterfell01]

Nah man, "too big to fail" means a central agency is willing to bail out a failing entity. No such central agency exists for Bitcoin. It's the free market at its finest!

We should all be prepared for failure. But realistically the only thing that keeps bitcoin going is the fact that a community of people believe it has value. This same theory, reality applies to all currencies and things of value. As soon as people agree that it doesn't have value it will fail and that will be it!

I agree with this statement, it's too big to fail since many of us who actually have bitcoins keep bitcoins alive and breathing like a true digital currency. We too give it's value that's it's so high and the demand is so big. As far as everything goes, as long as it is still useful and very much growing everyday, bitcoins won't die flr a long time.

[pat4cryptoreal]

We all know that there is always a shift in trend or technological evolution from generation to generation but the possibility of bitcoin failing is very thin due to the fact that bitcoin has been accepted by the masses as a technology that will bring financial freedom to the masses.

[arnux]

Anything can be taken down. Bitcoin isn't safe from anything and remember its not backed by anything so it's value could go down without warning though I highly doubt that will happen its a possibility.

[mevmike]

there is nosuch thing as too big to fail in this world.
everything can and will fall if being handled incorrectly.
and bitcoin won't escape such a situation, it doesn't matter how high its price nowadays.
as series of bad things can happen and make bitcoin collapse.
though it is hard to materialize but it is not far from possible.

[Joyawan13]

All the work we do there must be a risk, one of which is that we are afraid to fail, but that is not necessarily the case, and maybe what we fear is just our imagination, we must be optimistic and never afraid to fail, Failed. It can make us a lesson and it will be the key to success and success.

[manoj kumar k]

yes the bitcoin will not fail so fast because it has established through all over the world allmost all the peoples are useing the bitcoin so ther is no other way to fail

[RayvenPierre]

As long as there is someone using, holding and mining bitcoin it will never fall or die. Bitcoin is user or market driven and its strength and price is determined by the market itself. And with the looks of it I don't think that bitcoin will just go poof because the market cap keeps on increasing.