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novhitadaloma
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October 25, 2017, 01:37:57 PM |
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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 really believe bitcoin and bitcoin have changed my life, if you want like me you better invest in bitcoin. |
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No Gods or Kings. Only Bitcoin
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fulmetal08larz
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October 25, 2017, 01:53:59 PM |
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In my opinion, Bitcoin is not yet at its full potential but we can see the trend of it in the market fluctuating and it is a good sign that many investors are still patronizing bitcoin. I personally think that the cryptocurrency world may even surpass Wall Street, not today, but maybe 10-20 years from now. The development of bitcoin and technology is unstoppable. Let us all accumulate bitcoin as much as we can and hope for the best.
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TheGodFather
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October 25, 2017, 02:02:13 PM |
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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!
As long as bitcoin relies on the internet and as long as the internet can be hacked, stolen or even worse shut down there would always be that chance. And I think that bitcoin the more bigger it gets is the more susceptible ot is to failing and that is where the added security should go to. |
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moataz_ansary
Member
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Activity: 84
Merit: 10
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October 25, 2017, 02:02:39 PM |
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I see that we may test 4900$
Then will take a long trip to the moon
I see 10000$ in Q10 of 2018
Good luck
Regards
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MotulDiesel
Member
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Activity: 112
Merit: 10
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October 25, 2017, 02:22:50 PM |
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I think nothing too big to fail; it is depend on how that thing runs and many factors around. The coolest thing about bitcoin and crypto currency is freedom. It is a free market so all most nothing can directly attack as the banning from government. Price of bitcoin not stable for now not mean that it is risky or easy to fail. Bitcoin, from nothing to big thing, from little amount of money to most valuable "money". The failure of bitcoin depend on all you guy !
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Hanebel
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October 25, 2017, 02:28:53 PM |
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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!
Indeed! I agree on this!Because people believe that it has value,it keeps on going.As long as people believes in bitcoin it will never fail.And I think people still keep on believing the value of bitcoin. |
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carlisle1
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October 25, 2017, 02:39:29 PM |
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I think nothing too big to fail; it is depend on how that thing runs and many factors around. The coolest thing about bitcoin and crypto currency is freedom. It is a free market so all most nothing can directly attack as the banning from government. Price of bitcoin not stable for now not mean that it is risky or easy to fail. Bitcoin, from nothing to big thing, from little amount of money to most valuable "money". The failure of bitcoin depend on all you guy !
well you some good points mate, its freely been traded and I guess that's why more people are seeing big potential using this as an investment it wont fail us as long as we know what would be the grounds, nothing is sure but if we do trust this system then it wont collapse. |
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Wingo
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October 25, 2017, 03:03:00 PM |
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Everything will come to an end it is just that Bitcoin's time of greatness is today and we should all be happy that we are living in this point in time. I know that bitcoin's life will last long, as long as there are people who supports bitcoin.
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Lumada
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October 25, 2017, 03:27:19 PM |
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Everything will come to an end it is just that Bitcoin's time of greatness is today and we should all be happy that we are living in this point in time. I know that bitcoin's life will last long, as long as there are people who supports bitcoin.
If ever that time happens then there might something new that happens to be better than bitcoin or it just fully developed and we don't find any thrill at all having it,or someone finally finds a way to control it like government does,which surely will not happen anytime soon. |
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mobnepal
Legendary
Offline
Activity: 1218
Merit: 1006
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October 25, 2017, 03:30:10 PM |
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Bitcoin or whole crypto market is already too big to fail or to get banned by governments, however many of the countries are trying to break bitcoin security which they might never can. When bitcoin network will be alive, demands for it will keep growing and government can't stop their every citizen from buying/selling bitcoin with cash on hand deals. Sooner or later bitcoin will be legalized in most part of the world either as commodity or as currency.
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valentin68
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October 25, 2017, 03:48:48 PM |
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Bitcoin is not going to be too big to fail, never or at least in the next 10 years, this isn't going to happen. Somewhere in the next 20 years, if nothing is done, the bitcoin price can depreciate. This can be stopped if somewhere in the next 10 years some governamental regulations could be done. It is possible that these gov regulations could prevent the bitcoin price to fall.
What we know is that at least in the next 3 years the bitcoin price has the potential to become at least 100 000.
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Prodigan786
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October 25, 2017, 03:57:24 PM |
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Nobody can control bitcoin because no authority or government owns this even decentralised nature makes more transparency . Recently countries like China started to make regulation on bitcoin exchanges nothing is happened with bitcoin . So think how strong is bitcoin even countries like China couldn’t able to do anything with bitcoin nobody can make to fail bitcoin.
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Faruque312
Member
Offline
Activity: 490
Merit: 10
Life is full of struggle
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October 25, 2017, 04:17:09 PM |
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Yes its possible cz I know in reality nothing is too big to fail,
but I thought bitcoin cant fail,, cause its not hide in the world, everyone know about bitcoin, and many people use it still that's why its too much popular and the biggest online currency in the world. But Nothing is impossible, No one knows when it happen.
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beatleap
Member
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Activity: 99
Merit: 12
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October 25, 2017, 04:18:43 PM |
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No single entity can destroy Bitcoin but together governments could completely ban it and try and take it out that way.
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Catmony
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October 25, 2017, 06:18:43 PM |
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Bitcoin is not going to be too big to fail, never or at least in the next 10 years, this isn't going to happen. Somewhere in the next 20 years, if nothing is done, the bitcoin price can depreciate. This can be stopped if somewhere in the next 10 years some governamental regulations could be done. It is possible that these gov regulations could prevent the bitcoin price to fall.
What we know is that at least in the next 3 years the bitcoin price has the potential to become at least 100 000.
Don't know on what basis you are speculating this but I don't think regulation from government will kill bitcoin. Bitcoin is already illegal in many countries and china have even banned bitcoin trading but price of bitcoin is still pumping hard. No any government or regulation can shut down the bitcoin network or growing demand for bitcoin among common people. |
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xCryptoManiaX
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October 25, 2017, 06:22:42 PM |
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In its current situation where it falls down just after a banker says a few words about it I don't see it happening to be too big to fail.
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onrise
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October 25, 2017, 06:24:31 PM |
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No single entity can destroy Bitcoin but together governments could completely ban it and try and take it out that way.
Only this could be the danger for the bitcoin in coming time. If many developing govt stands on banning this cypto currency the demand will fall badly as currently many developing countries people are using btc and with this ban they will go away and price will drop drastically and so will be demand. |
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White Christmas
Sr. Member
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Activity: 882
Merit: 258
★Bitvest.io★ Play Plinko or Invest!
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October 25, 2017, 06:34:00 PM |
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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!
and it is true that failure must be faced with high self-esteem, who dares to take risks with a failure is probably a good way to start success as many others claim that bitcoin trading is never too late. everything is the way to how we achieve success by defeating fear Yes because everyday was always good thing to happen in your life, time will come that you may face failure sonyou need to be ready for it. Bitcoin was risky but if you know how to play it then you dont Need to worry anything. Tjose failure was be your stepping stones for your success. It is scary when the government start to do some action to ban it all over the world but I think right now that was very impossible to happen because bitcoin was slowly growing. |
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mayadin
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October 25, 2017, 06:37:37 PM |
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Is being big equivament to failure. Then Facebook, Google, Apple are first one to have this verdict.
Bitcon is an econmic mean, it cannot be destroyed, it can be ceased by govs.
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SupportBitcoin (OP)
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October 26, 2017, 02:47:56 AM |
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After reading some of the responses, do you think government trying to regulate or ban Bitcoin will have an adverse effect on its growth or just add more fuel to the fire? As companies start accepting Bitcoin as a form of payment it will bring more awareness to crypto as a legit currency. Thus, triggering the government to step in. Could Bitcoin survive in these scenarios?
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