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jamelyn
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December 07, 2017, 04:19:10 PM |
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But the reasons why Bitcoin cannot succeed in the long run go so much deeper.the value will drop dramatically as people panic and sell as quickly as possible.That's all the more reason you should be wary of any virtual currency. If you don't think it can be manipulated, you're not paying attention to history.
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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syamster
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December 07, 2017, 09:45:54 PM |
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too many hardforks may destroy bitcoin
Hardforks are actually healthy in my opinion. It just shows how some(definitely not all) forkers are trying to think and try out a solution for the blocksize issues. Hardforks are only bad in terms of price and crypto-newbloods can possible get confused with them seeing lots of coins with "bitcoin" in their names. I can only think of one reason. That is if all the governments ban it internationally.
The point of bitcoin is to have no government control. This will definitely NOT kill bitcoin. I can only see this causing bitcoin's price to crash due to all the fear that could possibly arise if this happens. Crash in price =/= dead. I think that a real threat to Bitcoin could be that if prices keep rising and therefore mining being even more profitable and then many more people wanting to jump on that train and therefore starting to mine. This will lead to a massive energy usage that most countries wont be able to supply. Therefore governments sure will step in and maybe prohibit mining. As mining is something physical, its not that easy to do if its considered illegal. I think that this could become a real issue for Bitcoin and crypto in the future.
Good thinking; but I don't see this happening. More miners = more blocks being mined = higher mining difficulty. If we get a huge surge on miners then profitability will go lower, hence some miners will probably move to some other cryptocurrency to mine for profit. So in the end the miner count and profitability sort of balances out. Well I have nothing to give any reason that bitcoin can lose its value or it drop its price and some time I’m very shocked when I heard something like this because true users never believe on it because they are going to do analysis of bitcoin in detail and they know very well where is bitcoin and where bitcoin will go bitcoin is now unstoppable and no one can do anything wrong with bitcoin because it’s very strong and powerful now in market. |
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spyerf
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December 08, 2017, 12:16:36 AM |
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Can you think of possible reasons why Bitcoin could be gone, banned or lose value?
One possible cause of bitcoin loss is the government's ban on bitcoin regulation. According to the news I heard that bitcoin will be banned by banks in my country next year. Then how is the bitcoin fate owned by the investor that has been invested. what can still be sold and make money? prohibits the use of bitcoins in a country, not for the first time. and bitcoin is capable of passing all that. more demand and higher value. The thing that causes the loss of bitcoin value on the market in my opinion is the decline in demand and users, and the loss of electricity in each country. and that's not possible. |
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white.raiden
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December 08, 2017, 12:49:42 AM |
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because scammers who are constantly increasing their users will lose their dedication to continue investing, and bitcoin users will stop their long-term start, and it's impossible to lose it, for example, internet cignals around the world are it's gone and it's not in our country but it's impossible to happen, so bitcoin is alive in our world
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chromosomes
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December 08, 2017, 01:03:22 AM |
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The main factors that may affect bitcoin's loss is internet connection shutdown. Bitcoin is functioning because of the internet and if internet would be gone, then bitcoin will lose its funcionality. Other factor is the demand of usage of bitcoin by the users. If the users will be lessen and only few are using it then bitcoin has the possibility to be less functional.
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jundel
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Activity: 314
Merit: 10
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December 08, 2017, 01:06:34 AM |
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government ban. organization ban. system ban in internet. that maybe.
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putlink
Newbie
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Activity: 27
Merit: 0
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December 08, 2017, 03:13:49 AM |
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If Bitcoin is not accepted by all businesses in the world, Bitcoin is already dead.
Because at that time bitcoin did not have any use other than buying and selling people from person to person
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apumaycry
Newbie
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Activity: 52
Merit: 0
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December 08, 2017, 03:30:34 AM |
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1.)bitcoin will gone if government closing access to exchange bitcoin to fiat and fiat to bitcoin because there no legal way anymore to buy bitcoin but you can buy in the black market for sure .2) is no miner or 51% bitcoin miner gone or no more peope to mine bitcoin again because it has expensive to pay electricty than profit from bitcoin 3.) internet is die this is impossible lol 4.)no demand again for bitcoin
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fullhdpixel
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December 08, 2017, 07:54:21 AM |
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There is no possibility to be gone. It is very promising. It has good price and a lot of user. Demand is also good. So it is not possible to be gone.
Lol, At least someone is really pessimistic and talking about bitcoin on the base of facts and figures. Indeed bitcoin is increasing in value gradually and so many people are taking interest into bitcoin just because of its fluctuating nature. Indeed, the demand for bitcoin is very high in the market and even gold investors are leaving gold for bitcoin. Those who want big profit in short time are investing into bitcoin. |
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Bardman
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December 08, 2017, 03:26:11 PM |
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If Bitcoin is not accepted by all businesses in the world, Bitcoin is already dead.
Because at that time bitcoin did not have any use other than buying and selling people from person to person
No one cares about bitcoin as a currency. Steam just announced that they wont be using bitcoin anymore and no one gave a shit. People are not using bitcoin as a currency so it's irrelevant whether business accept bitcoin or not. It's pure speculation now. |
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Bay_Harbour_Butcher
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December 08, 2017, 03:58:23 PM |
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Can you think of possible reasons why Bitcoin could be gone, banned or lose value?
the most likely thing that can happen for bitcoin to die is that big countries start banned against bitcoin, and in the end all countries. if this happens then the bitcoin price will drop dramatically, and no one wants to buy it again |
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Minionnn
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December 08, 2017, 04:12:50 PM |
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bitcoin will disappear for a number of reasons:
No one uses bitcoin anymore.
The internet is cut across the world.
The United Nations prohibits bitcoins all over the world.
The internet is cut off and no one using bitcoin is unlikely. I hope the UN will not ban the bitcoin because a lot of people and i want to use bitcoin.
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Ronyx
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Activity: 525
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December 08, 2017, 04:28:37 PM |
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Can you think of possible reasons why Bitcoin could be gone, banned or lose value?
sometimes I think about it too. but I see the fact that bitcoin values are constantly rising. I do not want to be left so I remove the negative thinking that is in my head. |
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Xzhyte
Full Member
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Activity: 218
Merit: 101
Blockchain with solar energy
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December 09, 2017, 10:50:05 PM |
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When a massive solar storm hits the earth. Electromagnetic waves will destroy most of the electronics in earth, that's why cryptocurrency might be destroyed.
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Shreek
Full Member
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Activity: 476
Merit: 112
IDENA.IO - Proof-Of-Person Blockchain
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December 09, 2017, 10:57:14 PM |
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bitcoin can disappear if no one else is interested in bitcoin.bitcoin can be banned if bitcoin is used by criminal to commit a crime, there are many reasons bitcoin can lose its value, such as sales more than purchase, hardfork happened, less bitcoin spreading. and many more.
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jwrent34
Member
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Activity: 86
Merit: 10
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December 09, 2017, 11:20:05 PM |
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I think it will always have a value since it was the first but not in the thousands. It's not sustainable as a currency, maybe as a community.
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ladydark
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December 09, 2017, 11:25:53 PM |
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No internet
Banned in all country and
no users.
I think that all the above three are impossible to happen. I think that the real threat to bitcoin would be the introduction of Quantum computers which would take almost twenty more years to come in to existence.But we could hope that appropriate safety measures would be taken to save bitcoin before its entry. |
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bitcoinhunter1221
Member
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Activity: 266
Merit: 13
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December 09, 2017, 11:33:18 PM |
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I think bitcoin will gone through the reason of government intervention. If bitcoin is used in crimes then government may have the right to get through it. But I don't know if that's gonna happen in reality because I can see no death sign for bitcoin.
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Vaculin
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December 09, 2017, 11:38:52 PM |
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I think bitcoin will gone through the reason of government intervention. If bitcoin is used in crimes then government may have the right to get through it. But I don't know if that's gonna happen in reality because I can see no death sign for bitcoin.
I think bitcoin will not be used totally in crimes.Only fools are doing it.IMO bitcoin will only have its downfall if all its users,traders and investors will not gonna use bitcoin anymore.If there will be no more demands for bitcoin,then bitcoin will die surely. |
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ReindeerOnMe
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December 09, 2017, 11:39:14 PM |
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government ban.
That is possible since there are a lot of countries that are banning bitcoin because of the "threat" it will be doing in the future, as they said it. organization ban.
I think it may affect but not that big since there are a lot of organizations that are not accepting bitcoin but still, it is still having a price pump. system ban in internet.
I think this will be really impossible, I think the last possibility will be the exchangers ban. You can ban bitcoin in a country, you can ban bitcoin in an organization, but if all of the exhangers will be banned, I think that will be the devastating. |
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