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Author Topic: What will destroy the bitcoin?  (Read 1382 times)
Denisliternyjj
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March 18, 2018, 08:34:50 AM
 #181

It's impossible to kill Bitcoin! Technically, bitcoin will be alive, as long as several computers with the program running on them continue to work. That is, to die, something extraordinary must happen, and most likely, if the community does not destroy itself from greed or negligence, in the coming years it will remain the main crypto currency.
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March 18, 2018, 09:03:02 AM
 #182

Bitcoin appeared in 2009, eight years, the total value of the circulation of bitcoins up and down 200 billion US dollars. Bitcoin was declared "dead" by the media countless times. However, it is undeniable that the media has a huge influence. Therefore, with each media claim that "bitcoin is dead", the price of bitcoin will drop sharply. The magic is that every time Bitcoin is alive, its price has hit a new high all the way. In other words, in the face of so-called drug poisoning amateur media reports, bitcoin gradually developed "resistance", negative media coverage for the impact of bitcoin prices getting smaller and smaller. What will eventually destroy bitcoin? If there is a force that can destroy bitcoin, it must be human greed.



 I may agree to that greediness will destroy bitcoin, especially when the government trying to intervene about digital currency. I think if it is already been exchange to  local currency , that is the better way they can intervene  to iit. If it is still in digital,  not yet counted should be.

By that situation , everybody in the government wanted to manipulate bitcoin. Chasing for that taxes even though there is no exchanges  yet to make. If that will happen, then people will be hesitant to use bitcoin anymore. For what the reason now , what is the use if ,the same thing been regulated.

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March 18, 2018, 09:10:19 AM
 #183

Speed and fee
I think BTC is too bad for payment system Sad
thenameisjay
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March 18, 2018, 09:12:41 AM
 #184

Well, bitcoins live in the blockchain so if we destroy the blockchain, then probably bitcoins are done for. But that's virtually impossible, considering how big of superpower is blockchain is and how virtually impossible it is to be destroyed.

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March 18, 2018, 09:27:39 AM
 #185

The news of the government banning bitcoin transactions also affects price moves rather than raising prices but on the contrary, because bitcoin owners are docked to sell their bitcoin for fear of loss, such as the effect of dominoes, this will also reduce prices, and gradually if not stopped then the price bitcoin will be damaged and no longer watchful
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March 18, 2018, 09:29:39 AM
 #186

That will destroy Bitcoin is ourselves. When we do not use Bitcoin then the price of Bitcoin will continue to decline. The current price is because many people trust and use Bitcoin, keep support to Bitcoin and we will feel the benefits. When we do not use Bitcoin then Bitcoin will slowly disappear and will not mean anything at all.



Absolutely, the strength and weaknesses of bitcoin is the influence of the users. The more people that still continuous to supporting and patronizing it, is the more possibly that btc are continuously stand strongly and consistently in cypto market. People won't stop demanding to it when they know that they can still gain the  benefits and opportunity from here, therefore bitcoin can have it's long lasting existence in crypto market all over the world.

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boddy.dy
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March 18, 2018, 09:29:42 AM
 #187

I think the only thing that can destroy bitcoin is the loss of users or the people who patronize this. We all know that this is the most important thing in everything of this world in order to run something is the users. Without users surely nothing will happen to anything even whatever industry is that. But I think that time that bitcoin will lose its users will never come. Because we should admit that in the current state of bitcoin instead of losing its users we are growing. Well what should we do bitcoin is giving a very good benefits that is why we are growing.
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March 18, 2018, 09:31:35 AM
 #188

If it losses the community that supports its pricing, its updates, and most of all, the miners, then probably this will kill bitcoins. For the lack of innovation and remaining stale. 10 years in time probably a new kid in town is trying to overtake bitcoin supremacy.

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March 18, 2018, 09:34:25 AM
 #189

Mayb the thing that will destroy bitcoin are people, because if something is on top there is someone or a group of individuals are going to bring it down. If everyday bitcoin is always decreasing down then it will be a bad news, so its up to us if we still believe bitcoin for it not to destroy.
Ruffian14
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March 18, 2018, 09:38:41 AM
 #190

Bitcoin will be destroy or stop if the internet itself got shutdown because it cannot be destroy easily due to peer to peer network transactions. People who loses internet will of course stop him/her from doing bitcoin. No one can do bitcoin without internet so I think internet is one of the big factor that will makes bitcoin completely shutdown because its running through internet. They can't be bought physical because cryptocurrency is a digital currency that can be access only through internet.

LodisMcguire
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March 18, 2018, 09:56:40 AM
 #191

If the government or united nation declare bitcoin is harmful and banning it to be used,then there's nothing we can do.If someone succeeded in hacking blockchain and make a mess out of it,people will not use bitcoin anymore and it will die eventually.But as long as people still believe in bitcoin,it will never die.
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March 18, 2018, 09:56:52 AM
 #192

Bitcoin appeared in 2009, eight years, the total value of the circulation of bitcoins up and down 200 billion US dollars. Bitcoin was declared "dead" by the media countless times. However, it is undeniable that the media has a huge influence. Therefore, with each media claim that "bitcoin is dead", the price of bitcoin will drop sharply. The magic is that every time Bitcoin is alive, its price has hit a new high all the way. In other words, in the face of so-called drug poisoning amateur media reports, bitcoin gradually developed "resistance", negative media coverage for the impact of bitcoin prices getting smaller and smaller. What will eventually destroy bitcoin? If there is a force that can destroy bitcoin, it must be human greed.

Not all members here are watching poisonous reports, and I am sure of that. That's why bad news aren't affecting bitcoin so much. Maybe the only thing that can destroy bitcoin is only if the world is destroyed, no internet, no computer, and no people, that makes it exist.
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March 18, 2018, 09:56:57 AM
Last edit: April 09, 2018, 12:59:26 PM by ThunderCatSteve
 #193

Fake news, big panic of the people to buy or sell bitcoin when they haven't planned and the rules of governments.
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March 18, 2018, 10:28:24 AM
 #194

The benefit and the threat to bitcoin is from the holders of this currency and if we have bitcoin and we hold this for the future then the bitcoin price will not fall and the altcoin users are also loving bitcoin because these are attached with one another. and if the price of the bitcoin fall the crypto market become fall and if the bitcoin is stable all the market are in stable condition and bitcoin can not destroy by any one but the prices are changing with the big whales of this market and bitcoin is important to all.

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March 18, 2018, 10:37:26 AM
 #195

Bitcoin will exist as long as there are computers running a full node. It can only be stopped by a global catastrophe or something.

For the future bitcoin will rule in the crypto industry for a long time because it benefits the community. And I think the only thing that can stop bitcoin is the loss of demand in the market and if the internet will disappear, but I do not think it's possible
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March 19, 2018, 05:56:59 AM
 #196

Nothing can destroy bitcoin! Bitcoin is stable now and I guess whatever the haters will do they will never destroy bitcoin. And also the population of bitcoin increase more now, just imagine that if you are against bitcoin you were against with the million users of it. Do you think the users will not protect bitcoin? Well definitely they will do everything they can do just to keep bitcoin alive. It is just like you are getting their future and source of income if you are destroying bitcoin. So I strongly suggest that we the active users of bitcoin must unite in protecting bitcoin especially to those people who are using the name of bitcoin for making fraud and scam. 

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March 19, 2018, 06:12:04 AM
 #197

Bitcoin will exist as long as there's one or at least few computers running a bitcoin full node. What could possibly stop this? Probably a global blackout or a huge EMP(electromagnetic pulse)[1] or something.


[1] https://en.wikipedia.org/wiki/Electromagnetic_pulse

And also if no one want to use bitcoin.  When the demand was getting low then the price was too cheap and too many bad news coming, the bitcoin must getting closer to the death

I think everyday bitcoin was growth.  Knowledge by bitcoin cannot be remove from the storage of our mind so everyday more person would do anything to earn bitcoin as thet can.

Bitcoin was not easily to died because it has two many components and it is the mother of all kind of coins.

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March 19, 2018, 07:03:44 AM
 #198

Bitcoin eventually destroyed the economic system that affirmed the world, because the current economy is a temporary result of the constant balance of countries, but there is an uncontrolled economic system that has continued to expand, then this economic system will destroy the balance of countries ,
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March 20, 2018, 06:11:23 AM
 #199

which will destroy bitcoin is a public trust in bitcoin, if many negative issues about bitcoin or many hackers who steal the bitcoin will make the bitcoin die.


I think even though  other people continue fabricating  such bad things about bitcoin it will never affect the popularity if bitcoin. as long as their still people using bitcoin it will never destroyed it, or it can never disapper this kind crypto currency. the only thing that can destroy bitcoin is, when theirs no internet at all, cause we all know that bitcoin is a virtual currency that only working thru the use of internet. so i therefor conclude that "no interent  no bitcoin" Wink
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March 20, 2018, 06:31:24 AM
 #200

if countries unite and ban bitcoin that's when he dies and few people want to break the law
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