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Author Topic: Who can destroy Bitcoin ?  (Read 21670 times)
nagiblem
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December 06, 2017, 08:14:35 AM
 #1341

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

The only thing that can destroy bitcoin if the investors withdraw support to this currency then they will not invest anymore and the value became zero that will be the time that bitcoin will be destroyed.

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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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Derrick
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December 06, 2017, 08:19:52 AM
 #1342

.....if there will be a third world war
.....if internet connection fall
.....  if it is forbidden


but  i think none of these will happen except the war... i wish not though.
As indicated by my sentiment there is nobody on the planet who can decimate bitcoin on the grounds that on the off chance that we can see the case of china they have attempted bitcoin in their nation however what happen the rate of bitcoin was expanded more from the present rate. So it isn't conceivable to obliterate bitcoin.
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December 06, 2017, 08:22:25 AM
 #1343

I think the fork may be a factor. Maybe there are more forks in 2018. Now these are always too casual. This will destroy people's confidence in the value of the special currency. I think the correct fork can be corrected. Now the situation is that the fork has been flooded.
tukagero
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December 06, 2017, 08:26:52 AM
 #1344

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
theres only thing that can destroy bitcoin it is when you shutdown the internet in the whole world. No one can make transactions and anything that is related to bitcoin.

ihsanskanzaone
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December 06, 2017, 08:27:14 AM
 #1345

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
What can destroy bitcoin is the government if the government has started to ban the use of bitcoin strictly then certainly the price of bitcoin will go down like it ever happened in china. bitcoin gives users transactional freedom that is not regulated by the government and there are some cases of criminal transactions involving bitcoin users so this is the reason why the government began to ban the use of bitcoin.
kamranakmal
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December 06, 2017, 08:28:39 AM
 #1346

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Excessive mining may destroy it through monopoly.
Edrian
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December 06, 2017, 08:34:30 AM
 #1347

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

I think no one can destroy bitcoin, Stop it maybe, but destroying it? I think it is impossible. Considering that bitcoin has no central government.
It was people currency they save bitcoin in their wallet so it is not affected if other parts of bitcoin stopped or let us say destroyed.
The only thing that makes bitcoin drops its value is, if there is a huge internet disruption and if the internet is gone.
malika
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December 06, 2017, 08:53:54 AM
 #1348

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

True bitcoin is very powerful now with its current price lots of investors are going crazy to invest atleast one bitcoin. It would be hard to destroy bitcoin because the continuous support of the investors are ther and i think it would take decades before the value would be lost.

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rameshEl
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December 06, 2017, 09:02:18 AM
 #1349

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

I believe there can be few factors that can impact

1. Better crypto currency
2. loss of human interest (I believe BTC is a human mania like dutch tulip mania).
3. Mass cyber attack
4. World war

Even most of replying saying non can beat BTC, check the recent past, yahoo was once one of best search engine and Nokia was leading in mobile phone world. Things getting change.

MiF
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December 06, 2017, 09:12:13 AM
 #1350

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

True bitcoin is very powerful now with its current price lots of investors are going crazy to invest atleast one bitcoin. It would be hard to destroy bitcoin because the continuous support of the investors are ther and i think it would take decades before the value would be lost.

I think no one can destroy bitcoin. If internet will still exist then its too impossible. I guess if somebody will stop this, then I guess it will destroy but destroying it for no reason? I guess they cant do that because as we can see right now, bitcoin already help many people. Internet is the first source so that you can work with bitcoin . If internet will exist then bitcoin too. Bitcoin is forever so there is nothing to worry about this. I think it will be more useful for the coming years.


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boddy.dy
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December 06, 2017, 10:28:12 AM
 #1351

The one who use Bitcoin is the one who can also destroy it and that is us the peoples here. We all know that some of the people here are just studying how bitcoin goes or works. After they know all about it, they will make ways to destroy it. Why they are planning to destroy this? It is because of jealousy. Or maybe they want to have their own system alike with this. As of today no one knows who they are, what we need to do is to make this stronger and more secure if we want bitcoin to be more efficient and last for long time.
cepedacharles
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December 06, 2017, 05:59:51 PM
 #1352

The bitcoin can be destroyed especially now many have been banned from overseas and the only bitcoin is to destroy the governments and when all countries have banned the bitcoin but surely bitcoin will not ban all over the world can only ban it when it affects the country's economy.
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