Can bitcoins become worthless?

[OninLoki]

For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.

[aleksej996]

Exactly. No one can know what the future holds and everything is possible.
I believe that most likely scenario where Bitcoin loses all it's worth is due to some critical security vulnerability that can not be fixed.
However that is unlikely by itself.

[kc999991]

Yes it can be possible for Bitcoin to become worthless. When the world goes against it and make it illegal to use then it will become nothing in no time. It is hard to predict if this will ever happen though.

[ldah94]

any information that can give on bitcoin would be speculation although its fall has been expected as correction its price we can't leave for granted any opinion, only assume and trust

[drm]

It could become worthless, just like the us dollar could collapse and could become worthless. But I don't think we'll see it happen to bitcoin.

[mk4]

Theoretically it can, but personally I think this is very unlikely due to a good number of people in the crypto space that are really really dedicated to ensure bitcoin's success. Though I also think it only takes one sort of ban from a huge country like the United States to crash bitcoin's price to 3 or even 2 digits.

- just my 2 satoshis

[bitbunnny]

In the worst scenario it could become worthless.
Exactly on that subject I have read the newspapers article the other day which said that the price of Bitcoin depends on the group of enthusiasts and that it could easily become worthless.
I didn't give much importance to that and personaly I don't think Bitcoin will become worthless at least not so simple, the whole negative process that would last for a while should start before that. Nothing happens over night.

[Renai0925]

It is possible. But just because it is possible doesn't mean it will happen. Sure, the price of the bitcoin unpredictably changes, but it can only go down as far as merely half or fraction. Still, better to be well-prepared for anything.

[denzkilim]

For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.

There is a 0.01% chance that bitcoin will become worthless and 99.99% chance that bitcoin will continue to have value. Every time there is one person who lose confidence on bitcoin there will be 2 or more than that will gain interest in bitcoin. We are in the digital era more and more people will gain interest in digital objects and young people nowadays are optimistic and wise.  

[louie69]

Theoretically it can, but personally I think this is very unlikely due to a good number of people in the crypto space that are really really dedicated to ensure bitcoin's success. Though I also think it only takes one sort of ban from a huge country like the United States to crash bitcoin's price to 3 or even 2 digits.

- just my 2 satoshis

I think if there is no demand for bitcoin probably it will become worthless. Another thing, if the people's trust will decline on bitcoin that may however become a problem. Currently, bitcoin is still going stronger in which chances of becoming worthless for me is not that possible.

[Nerman]

For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.

I agree that nobody can surely know what will be the price of Bitcoin in the future, it is possible of course that Bitcoin can be worthless but it is also possible that it can be the most expensive thing on Earth.

All we can do now is to enjoy the price and try to trade and earn from cryptocurrency market.

[reck1ess]

For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.

Yes, there is always a possibility since there are many competencies and once there are some great issues and problems regarding to Bitcoin, people can easily transfer to another cryptocurrencies. Although we will never know. Lets just hope it will not fail.

[2Godbdglory]

The only thing that is constant is change. The change that can happen to cryto currentcy is for good. Cos it is becoming a global thing. It wount be worthless but appreciate to good extent.

[CherRic]

For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.

Bitcoin wont go worthless, that is on my personal view, because it is already in the landmark of stock market. It may change from time to time, may evolve and differ but its value wont become worthless. Also, Bitcoin will be improved for the next coming years so it wont become worthless.

[ridgeview123]

For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.

Bitcoin wont go worthless, that is on my personal view, because it is already in the landmark of stock market. It may change from time to time, may evolve and differ but its value wont become worthless. Also, Bitcoin will be improved for the next coming years so it wont become worthless.

I agree with you opinion. It took Bitcoin nearly ten years to achieve wide recognition. The foundation is very solid now and only drastic changes may cause it to be worthless. It's unlikely to happen though.

[A Feeder]

For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.

I agree. Since bitcoin is decentralized, the governments will always put them in the hot seat. And it is also true that bitcoin can be affected by the inflation.

[sugihe]

Exactly. No one can know what the future holds and everything is possible.
I believe that most likely scenario where Bitcoin loses all it's worth is due to some critical security vulnerability that can not be fixed.
However that is unlikely by itself.

We never know the future like you said. All can remain possible.
Nothing can stop technical failures and make bitcoin become worthless.
So far, bitcoin still strong. Eventhough its wortless, it will be happen long time later.

[C10H15N]

value will fluctuate - worthless only if the tech fails.

[bitfools]

value will fluctuate - worthless only if the tech fails.

Well that is the problem, the TECH has already failed, but the newbs didn't get the memo.

The sky has been falling on the BTC tech-failure since 2012

What kind of catastrophic failure? Me thinks a massive orchestrated transfer of coins, by the broken ecdsa sig algo, then core will patch code, and roll out a new sig algo, it will take weeks and exchanges will panic,

Transpire something like this it will,

GOV doesn't collapse overnight, etiher will BTC

Collapse will be slow, years to zero, maybe in ten years ppl will still use it, there will be BTC collectors, but majority 99% of our day trading parasites will have moved on  to a new host

[bitfools]

For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.

I agree. Since bitcoin is decentralized, the governments will always put them in the hot seat. And it is also true that bitcoin can be affected by the inflation.

GOV will also bring out the soldiers to shoot bank-run ppl, MONEY GOV-CASH is backed by GUN

WHat BTC be backed by? GREED and nothing more

Once the Greed turns to Panic, BTC could rush to zero in days