Can bitcoins become worthless?

[jtipt]

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.

Yes, both are unlikely to happen but theoretically can happen. Most important thing about BTC is that it has the value just because people give it the value, cut the demand and price will come tumbling down. While in case of USD the government gives it the value so unless the government is to fall usd won't fall.

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[johnrickdalaygon]

Yes! nothing is impossible. It depends on The Will Of The People, Bitcoin, and other cryptocurrencies like it, require trust in order for them function. In reality, all currencies require trust, or they would not be viable. If the majority don’t agree that a currency has any value, then it no longer has any value. People have trusted paper currencies for years, despite the fact that these currencies are backed by institutions that regulate and control the flow of money, and therefore the flow of value. Even with the rampant corruption in the Federal Reserve and the masked frailty of the American economy, everyone continues to have faith that the US dollar has value.

[cizatext]

As you have rightly said no one can predict the future of any currency as there are a lot of issues that can have impacts on them in the coming years, and bitcoin is not and exception. But bitcoin has proved to have survived for some year now without any major failure and at that bitcoin is going to be around for some time. But what we must understand is that what ever that is of great value can also become valueless so if currencies failed it will not be a new thing.

[rphk]

I doubt bitcoin becoming worthless, since it is very much popular and people made huge investment , still becoming worthless may not be correct, as we can see in the past also it was dropped , And again it is started rising and now the stage it is at nearly $14000, but we need to wait and watch happens ,still there is a hope .

[NattyLiteCoin]

No internet or telecom = no bitcoin.

[Phalo]

Theoretical yes it could. It can fall into zero. Practically, I highly doubt it. Something catastrophic would have to happen for that to occur..

[Pintasak]

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 it is possible maybe because of some competeting currencies political issues but bitcoin is getting popular and stronger around the globe.Just be well prepared and be positive that it cant fail and must be getting higher ever than what we expect

[bravehearth0319]

Anything can be happen whether it is good or bad. However bitcoin bocme worthless only if all user and investors of bitcoin will disappear all of a sudden of course. For sure the value will rapidly goes down 100% until it drop to zero value. But as long as there is users and investors remain in bitcoin ti won't happen that it will become worthless.

[vincentyanx]

could be, if there is a new competitor that promises as a means of payment other than btc, but I hope bitcoin can become more popular than other coins 

[shinjunobi09]

For me even though it can sustained damaged resulting to negative image and no company accepting the bitcoin  asmode of payment but i think there might be some functions which could be found useful for people regarding bitcoin.

[mmhaimhai]

Definitely yes, and that is the reason why the bitcoin bubble prophecy is created. Like a bubble bitcoin price can grow as much but would burst when it reach it's limitation. When time comes that people lose trust to btc future as investment to yield huge profit and not consider buying lot of btc anymore then it would be worthless.

[supmanling]

could be,everything would worthless ，Bitcoin is no exception,but I hope bitcoin can become more popular than other coins .

[Lodipetmalu]

There is a possibility to become worthless but so little because of many people were interested to invest on it. They are doing their best to promote bitcoin, like in social media such as facebook, tweeter and other more. The more the people get involve in bitcoin the lesser the chance it become worthless.

[Rinsend]

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.

the threat of bitcoin failure in 2018,
this makes some people experience when
and sell their bitcoin so the price keeps falling.
does this matter a lot?
of course because the currency is now much affected by the sale price of bitcoin

[Heyyyrenz]

No one knows for sure about that we can't predict the future  there's so many things may happen it may become the worlds currency or it may become worthless since the government see the bitcoin as a threat to their economy but what if all the country looks at bitcoin as a threat right? and yes it may really become worthless when the price reaches 0 or if any technical features about bitcoin may have a problem of course people will going to look for a new safe, advance, etc. cryptocurrencies.

So yes, it may happend and it may not. We don't know what will happend in the next few days or weeks but one thing is for sure it will not be worthless this year.

[zhelis74]

Definitely yes, and that is the reason why the bitcoin bubble prophecy is created. Like a bubble bitcoin price can grow as much but would burst when it reach it's limitation. When time comes that people lose trust to btc future as investment to yield huge profit and not consider buying lot of btc anymore then it would be worthless.

Certainly i agree, if more people doesn't have any interest on bitcoin then possibly happen next is there is lot of selling than buying, so a lot of supply than the demand until it reaches it smallest value as its value drop into smallest  then more people will get uninterested to bitcoin and i think that is the time that bitcoin value become worthless.

[fishbonez11]

Yes, it is possible for bitcoin to become worthless. Once people discover a new digital currency that would provide same benefits and same or greater profitability, they would transfer to that currency and bitcoin would lose value in the process. Or, if digital currencies would be banned or illegal, then the market price would also drop to zero.

[Bandon]

The only thing I believe can cause the fall of Bitcoin is community giving up on it. When bitcoin stops becoming useful, or people prefer to use other currencies to transfer or hold money it could very well become worthless. But I do not see that happening anytime soon or ever in the future.

[hadveach]

yes, I agree with your statement, to this day bitcoin is able to survive and contribute well to the world economy and technology.
yes, because bitcoin fluctuations occur quickly. so no one can predict the future of bitcoin.

[UAE Seasider]

If you look at the percentage of the global population that is currently involved with crypto it will probably be less than 1% but it is gaining ground and awareness so if that number even doubles to 2% think about how much new capital that will bring into the space. Everyone researching crypto has heard about Bitcoin and it is likely the first place they will think of investing so for now I don't see any chance of BTC = $0