Bitcoin Forum
May 21, 2024, 11:05:55 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5] 6 »  All
  Print  
Author Topic: Possible reasons that Bitcoin will be gone  (Read 1644 times)
Hawkers7
Member
**
Offline Offline

Activity: 103
Merit: 10

“OPEN GAMING PLATFORM ”


View Profile
December 09, 2017, 11:41:29 PM
 #81

Can you think of possible reasons why Bitcoin could be gone, banned or lose value?
The possible reason that I think that can stop bitcoin were no internet connection, if its banned the country, and when no one buys it. Internet connection was bery important for bitcoin as it is exist in the virtual world everything about it was function with the help of internet. It will also be gone if the government banned it and stop people on using it.

|▌   AQUA™   《   REVOLUTIONIZING THE TRAVEL INDUSTRY   》   AQUA™   ▐|
☰☰☰☰☰☰☰☰☰☰☰◤       TOKEN SALE : MAY 7, 2018       ◥☰☰☰☰☰☰☰☰☰☰☰
Telegram    Twitter    Facebook    ONE PAGER    Instagram    LinkedIn    Medium
An0nyMoose
Sr. Member
****
Offline Offline

Activity: 490
Merit: 255



View Profile
December 09, 2017, 11:45:44 PM
 #82

The most likely reason that Bitcoin would be gone is because someone got over 50% or more of the mining power and did what is called a "hard-fork" essentially duplicating the blockchain and they could make a second Bitcoin and destroy the old one.

Blockonomics                          ██
                         ████  ██
   
          ▄▄▄███████▄▄▄ ████  ████  ██
      ▄▄█████████████████▄▄  ████  ████
    ▄█████▀▀         ▀▀█████▄ ██  ████
   ████▀                 ▀████   ████
  ████      ████████▄      ████ ████
 ████        ██    ██▄      ████ ██
████         ██     ██       ████
████         ██   ▄██▀       ████
████         ███████         ████
████         ██    ██▄       ████
████         ██     ██       ████
 ████        ██    ██▀      ████
  ████      ████████▀      ████
   ████▄                 ▄████
    ▀█████▄▄         ▄▄█████▀
      ▀▀█████████████████▀▀
          ▀▀▀███████▀▀▀
sotoshihero
Hero Member
*****
Offline Offline

Activity: 850
Merit: 504


View Profile
December 09, 2017, 11:45:50 PM
 #83

Can you think of possible reasons why Bitcoin could be gone, banned or lose value?
The possible reason that I think that can stop bitcoin were no internet connection, if its banned the country, and when no one buys it. Internet connection was bery important for bitcoin as it is exist in the virtual world everything about it was function with the help of internet. It will also be gone if the government banned it and stop people on using it.

I think without internet connection is sufficient enough, and how it may happen? Maybe when a catastrophic nuclear war happens in whole world which will reset our planet into ice age or stone age. Right now, cryptocurrencies are unstoppable.
khaled0111
Legendary
*
Online Online

Activity: 2534
Merit: 2875


Top Crypto Casino


View Profile WWW
December 09, 2017, 11:58:52 PM
Last edit: December 10, 2017, 12:10:34 AM by khaled0111
 #84

I hope there will be no possibility to make bitcoin disappear.
I saw people talking about Internet and electricity interruptions which will never happen so no reason to worry about that.
What will make bitcoin disappear is the emergence of a new technology that will replace bitcoin by offering more features and improving the current services.
Hard forks can make bitcoin network more efficient and thus avoid its extinction.

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....RACING..
█░░░░░░█░░░░░░█
▀███▀░░▀███▀░░▀███▀
▀░▀░░░░▀░▀░░░░▀░▀
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░█░░░███▄█░░░
░░██▌░░███░▀░░██▌
░█░██░░███░░░█░██
░█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
francesyrus
Sr. Member
****
Offline Offline

Activity: 616
Merit: 251



View Profile
December 10, 2017, 01:19:39 AM
 #85

Can you think of possible reasons why Bitcoin could be gone, banned or lose value?

The only possible thing that could end bitcoin is worldwide internet shutdown. For losing its value maybe if many countries will banned bitcoin because they will all sell their BTC and will lead to price go down.

Mjeramirez
Member
**
Offline Offline

Activity: 132
Merit: 11

Streamity Decentralized cryptocurrency exchange


View Profile
December 10, 2017, 01:31:37 AM
 #86

Bitcoin will be gone if all the countries in the world joined together to ban the purchase and use of bitcoin in any transaction, this includes placing sanctions to store owners who accept bitcoin as payment. Another is when the internet is gone then bitcoin will also cease to exit

DoublerHunter
Hero Member
*****
Offline Offline

Activity: 2590
Merit: 644


View Profile
December 10, 2017, 03:57:37 AM
 #87

The fee of bitcoin is keep on going up and that will become the reason for the people to transfer into another coin which is like bitcoin but it has a lower fee and also faster than the blockchain of bitcoin. That is why we should rush in fixing the problem so the people will not migrate to another coin because bitcoin is having a huge threat which is the expensive fees.
stripykitteh
Legendary
*
Offline Offline

Activity: 1176
Merit: 1001

CryptoTalk.Org - Get Paid for every Post!


View Profile
December 10, 2017, 08:48:06 PM
 #88

The most likely reason that Bitcoin would be gone is because someone got over 50% or more of the mining power and did what is called a "hard-fork" essentially duplicating the blockchain and they could make a second Bitcoin and destroy the old one.
If there was a large ICO that somebody builds then runs away with the money then there would be a lot less people holding Bitcoin.
There's a few smart people in here so that is not likely.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
elcapitano771
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
December 10, 2017, 09:10:32 PM
 #89

Pump and dump on a large scale by corporate structures will create major wealth loss resulting in government regulation. Yes, they can criminalize anonymous bitcoin holdings.
harbin55
Sr. Member
****
Offline Offline

Activity: 615
Merit: 258



View Profile
December 16, 2017, 09:25:43 AM
 #90

I think if there is such thing that will cause for the company of bitcoin gone that would be their clients or investors.
The client of the company is their life blood and the reasons why they are still survive. If all companies lose their client;
their existence in this world will also gone.
herecomesjohnny
Member
**
Offline Offline

Activity: 156
Merit: 13


View Profile
December 16, 2017, 09:33:51 AM
 #91

The only reason that could influence the Bitcoin disappearance could be the world without electricity. Without electricity, centraliezed currencies would make their comeback to the market world again in a big style. That could happen only if a nuclear war starts or some other disaster destroys everything. Everything is possible but I don't believe Bitcoin will disappear anytime soon. It will rise even more and people will start to accept it as the main payment. Few more years have to pass for the acceptance of a Bitcoin as a legal way of payment in all countries. Bitcoin disappearance is possible but it can be only measured in the 1 percent of possibility.
senin
Full Member
***
Offline Offline

Activity: 938
Merit: 137



View Profile
December 17, 2017, 05:26:35 AM
 #92

It is now quite difficult to use mechanisms that would lead to the disappearance of bitcoins, its complete prohibition or to those that would lead to a lack of demand on it.
   Bitcoin can disappear only if the Internet disappears, that is, there will be no access to it in its virtual world.
    A global ban by all or most countries also can not be, since the largest and most developed countries such as the United States, Japan, Canada, united Europe and others have already recognized the Crypto-currency. There should be some significant negative developments regarding the crypto currency so that the world countries review their previous decisions and I hope that this will not happen.
    The drop in demand for bitcoins and other crypto currency is unlikely to lead to its disappearance. Such a fall should be absolutely universal, on the verge of a boycott. While this is also unrealistic.
Kotone
Hero Member
*****
Offline Offline

Activity: 1372
Merit: 503


View Profile WWW
December 17, 2017, 05:28:34 AM
 #93

Can you think of possible reasons why Bitcoin could be gone, banned or lose value?

I think that the possible reasons for bitcoin to be gone is if it gets hacked big time wherein a lot of people would think that nothing can keep them safe. A banning from a lot of major countires would surely shake the entire market and lastly unavailability of internet

jakezyrus
Full Member
***
Offline Offline

Activity: 714
Merit: 100


View Profile
December 17, 2017, 05:36:56 AM
 #94

Can you think of possible reasons why Bitcoin could be gone, banned or lose value?

as of now, i cant think of any valid reason that bitcoin will be gone. although bitcon can be banned or loose its value due to some factors like for example if  a bitcoin was banned on some country because their government thinks that bitcoin is the root of all evil and greed then it can greatly affect to the market of bitcoin because the demand will be lesser and as a result bitcoin can loose its value but bitcoin cant be gone as long as there were still some country and people who are using it. however there were some news that says bitcoin is a bubble and it will pop soon but it is not yet proven or guaranteed that itll happen.
kier010
Full Member
***
Offline Offline

Activity: 532
Merit: 100


View Profile
December 17, 2017, 05:39:59 AM
 #95

if other coin surpass bitcoin with better quality. well bitcoin is the most popular so it is not yet possible to be surpass by other coin. when all miners stop mining and no transaction will be process or it will take days to process.

ModaFuka1994
Member
**
Offline Offline

Activity: 182
Merit: 10

The stock photography revolution


View Profile
December 17, 2017, 05:41:42 AM
 #96

I think it will only be happened when the total supply amount of Bitcoin run out in the future and the price of Bitcoin is too high, about millions dollars, so nobody will use Bitcoin to trade anymore and it'll lead to Bitcoin price dump to zero very quickly Smiley). Beside Bitcoin will be only used by crime to commit guilty so all government all over the world will ban Bitcoin in their country Cheesy

Tsugihara
Newbie
*
Offline Offline

Activity: 48
Merit: 0


View Profile
December 17, 2017, 05:52:50 AM
 #97

probably the first because bitcoin is a virtual currency and is illegal, besides that bitcoin can be used as a crime and crime because bitcoin uses a blockchain system, so the government will not let bitcoin easily develop. the government would also try to stop bitcoin because bitcoin could rival a government bank.
 
manoj kumar k
Member
**
Offline Offline

Activity: 182
Merit: 10


View Profile
December 22, 2017, 05:10:44 PM
 #98

there is no valied reason to stop the bitcoin except the central government because the transaction done in the bitcoin cannot be tracked by the central govt so the revenue generation will come down
mrcash02
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 525

CryptoTalk.Org - Get Paid for every Post!


View Profile
December 22, 2017, 05:19:18 PM
 #99

If a new technology appears and that is significantly better than the currently one Bitcoin can lose price.
If Bitcoin is dumped to a really low value it can lose reputation and potential investors can withdraw their money.
If governments ban it or put strict regulations many people will stop investing, decreasing demand, decreasing Bitcoin price.
If a bug is found, making possible for hackers to steal money easily from holders.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
Cointertrade
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
December 22, 2017, 05:25:11 PM
 #100

Can you think of possible reasons why Bitcoin could be gone, banned or lose value?

It would be possible if there would be no people to use it anymore and there is no internet then bitcoin will go down and will definitely become worthless. I think this would not happen they are only saying that bitcoin will disappear because bitcoin has been grow and become popular so with the use of their opinions the number of people would no longer use it.

Pages: « 1 2 3 4 [5] 6 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!