Bitcoin destroyed?

[ambisyon]

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

Destruction can come in many forms. If anyone finds some kind of exploit in the system that it's built on, I guess bitcoin could be destroyed. Bitcoin could also be destroyed if no one wants to buy it anymore. Since bitcoin is both a new technology as well as a currency and asset, I see both of these options resulting in some "bitcoin death."

I think it's pretty far out there in terms of probability of happening. I doubt something like this will happen in the near future.

If government will intervene in bitcoin where there is a total ban and will be supported by majority of the major countries, then that could be a big problem however, in my opinion this will not happen as this is now widely supported by many countries and more people are supporting btc a lot. There is much greater profit in bitcoin for as long as you know how to play with the cryptocurrency market and the knowledge on how your going to handle your investment.

[Innocant]

There is a chance  that bitcoin could be destroyed if governments make a move to ban it. We should support and never take advantage of it to preserve and protect it. Bitcoin is not recognized as a currency so it is not advisable and recommended by the government.

That's true if they want the bitcoin banned them but it is not easy to let the bitcoin will going to dissappear, Because it have many people using it and gaining some profit in bitcoin because it was good to using it.

[hashshashin]

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

On this forum, on the site https://bits.media, and also simply on the Internet you can get acquainted with all the information about bitcoin. Do not be lazy if you want to become a rich man. 

[|Admiral|]

Everyone is implying statements which mean two outcomes, they will say that bitcoin is testing the support and we might see a new test this time may be ATL , we are also long term bullish on bitcoin.

The first part means that BTC will be down , second part means that btc will bounce back. whichever parts gets true speculators will come forth and would love to get the appreciation for their prediction.

[mobnepal]

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

- Yeah if you want to destroy your bitcoin than burn it to bitcoin address whose private key is not known to anyone  Other than that there is no way to destroy already mined bitcoin.

- Price can fluctuate but we can't say bitcoin is destroyed even if price falls to under a dollar.

[SirTradeX]

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

You can't destroy bitcoin.... It's like saying you can destroy internet, crime, weapons. You can regulate and make it illegal but you can't simply destroy it.
I wouldn't be even concerned about crypto ending. It brought blockchain which is best thing after the internet.
Many people oppose crypto cuz it is something new and people fear what is new and if they dont understand that new thing.
Same thing happened with internet, but noone talks about it anymore.

[pekavcilar01]

I do not give a shit like this. Most people have earned incredible money on behalf of the bitcoin market. I think it's a big step for the future. 

[Aufar]

If they want Bitcoin to forbid them but it is not easy to let Bitcoin disappear, because many people use it and make a little profit from Bitcoin because it's good to use it.

Destroying Bitcoin means an increase in Bitcoin is left behind, it will have a price spike since the supply is small, and the higher the price, even though it is really prohibited by a country, there is still a way to use it underground provided there is internet

In my opinion, Bitcoin can not be destroyed unless you and others no longer need money. is that possible as long as you are still animate?

[Bobby park]

The possibility of bitcoin destruction is when the government in a whole will ban the people to use cryptocurrency. It might be go in a black market system but I think it is difficult to invest again since it not legitimate. The other reason for bitcoin removal is when the people will stop to use cryptocurrency. If the demand for cryptocurrency will totally loss, it may result to devaluation of the market.
Well, I think that is impossible to happen since bitcoin is helpful in the economic growth and individuals are benefited by bitcoin.

[Pantoflascrypt017]

Destroyed in what sense? Some people have already said that if or when governments 'ban' cryptocurrencies then bitcoin will die but in reality is it even possible to ban bitcoin. The fact that is it decentralised and controlled by nobody surely protects it from this. Banks for sure could ban clients using their cards to buy bitcoin but in the long run i dont see this lasting as it just takes one bank to accept its clients to buy bitcoin to change the ideas of the others as this bank would surely become very succesful and profitable!

[Arlibtchunt2018]

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

I don't think that bitcoin can be destroyed. The foundation that btc built is solid enough. Decades had past but bitcoin still rolling in the market. This means that aslong as crypt market exist then bitcoin will stand still in the future.

[Cryptalking]

Destroying Bitcoin is not possible but unfortunately it is of course possible to devalue Bitcoin till zero if, like mentioned above, governments ban or tax cryptocurrencies with extremely high amounts like 70% or something. People will stop trading and using Bitcoin, start selling bitcoin and its value will be lost. Small chance though

[ToxicMind91]

Bitcoin didn't destroy anything, it gave people convenient on new kind of payment and the appliment with Blockchain system .
Well, some haters could say that Bitcoin destroy economics , destroy banks all over the world but that will happens when the new things are the way better than old stuffs.

[udivkx]

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

Bitcoin can be destroyed if the Internet is turned off around the world, if large investors are disappointed together in this coin and start selling it, if there is a more promising and perfect currency.

[adzino]

By destroying bitcoin, did you mean that destroying bitcoin from the current supply? If so, then it is actually not possible to remove/lose/destroy any amount bitcoin from the market and total circulation. Again by destroy, if you mean the existence of bitcoin then the answer is also no. No one can stop the existence of bitcoin but can make it valueless.

[kabelpeggek]

it could be, the main factor that can destroy bitcoin is the holder or the bitcoin user itself.
this is just a matter of trust, bitcoin can be like this now because everyone believes in bitcoin and makes bitcoin as their investment asset.
and one day, when everyone else no longer trusts bitcoin. automatic bitcoin will be destroyed by itself, because the trust of people to invest with bitcoin has been lost.

[Elerntta]

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

Bitcoin can be destroyed if the Internet is turned off around the world, if large investors are disappointed together in this coin and start selling it, if there is a more promising and perfect currency.

The first option sounds a bit naive, it has minimal chances of success. But the fact that large investors, such as a Satoshi Nakamoto, can sell their bitcoins is worth considering. And such currency as the ETH and XRP may be ahead of bitcoin in terms of capitalization.

[RedzoneASE]

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

The probability in bitcoin to declined or to be destroyed is less than one percent I guess. Seeing how strong the bitcoin standing for more than ten years. Impression with the positive standing of bitcoin is not erasable. Maybe it is one in a million if bitcoin goes down.

[Maxre]

bitcoin can never be destroyed unless there are no more enthusiasts in bitcoin.
when you have entered into the world of crypto you will you will already have entered in this addiction and madness

[markint]

I must admit that I do not have enough technical knowledge to go into this, but there are certain references to the power that quantum computing would have to break practically any existing computer security protocol. While it is true that the technology that could carry out the creation of a computer equipment of such power is still at a very early stage and is merely theoretical, it could be a risk to take into account in the not too distant future.