What will destroy the bitcoin?

[binhvo1505]

In my view, only the new government can break the bitcoin. It is not possible to destroy bitcoin with a small number of organizations, requiring a large-scale organization to make bitcoins stop working. will have to reunite with more than 100 good hackers all over the world and issue trading bans for all the new countries that could make the crypto market go away forever.

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[sicnarfkswiss]

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.

government destroys bitcoin, the legality of bitcoin depends on how the government of each country reacts to bitcoin. Bitcoin will survive even up to a thousand years if the government will accept it. Once it will be accepted in the government, this will be included in some economic studies. It will be discuss in school, and we can spread awareness of btc through conducting some seminars with the help of many government agencies. On the other hand if the government will ban bitcoin. there is nothing that we can do but to follow them.. so everybody must be responsible bitcoin holder to be able for the government to accept btc.. Lets use bitcoin in a good way.

[giogio0504]

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 think the main thing that can destroy bitcoin is if there will no more interest in crypto, but I do not think it is realistic now.

[shata]

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

Well, There's no chances that all countries here in the world will unite to ban bitcoin. Actually, Bitcoin is now a legal cryptocurrency in many countries including Japan, Philippines, etc. Bitcoin will destroy if the internet has been disabled in the earth, but i will say that Internet is part of our every lives, it will remains forever. Bitcoin will also remains.

[Jessica2009]

Bitcoin is a peer to peer transaction it is not controlled by any central authorities and as we all know that it is an online transaction done with out the involvement of any Bank so it is not easy to destroy Bitcoin.But there is a way to stop Bitcoin the simple method is to shut down all the internet but this is impossible to stop or shut down all the internet this will be like burning your  house to kill a mouse. Now Bank dealing are all done with the help of internet.

[nethan1btc]

Bitcoin has grown so big that now Bitcoin is the only thing that could destroy itself and I don't see any other alternative as of now that could replace Bitcoin in terms of user base, market capital, transaction volume. I believe that we should use it as a payment system without focusing on earning speculative gains from the same. The first priority should be given to the core concept of Bitcoin as a payment system.

You're right dude, as time goes by bitcoin become popular which we all know that bitcoin is a dominant crypto currency of all time. Bitcoin is very unpredictable which we can't even know when it's gonna low and high. Well , regarding on what will destroy the bitcoin, obviously we have know idea since we only know that bitcoin exist due to thousands of users and investors that can create a different transaction throughout the world. Also, it can't destroy easily which it was designed as decentralized in the cyberworld and no 3rd part involve like banking system as well as those government

[ekaterinastrelnikova505]

Its deputy chairman Sergey Shvetsov compares bitcoin with financial pyramids. As for the top leadership of the state, there are doubts

[zhuiyongliang8]

Work in the currency industry, like work for people with bipolar disorder of drug addiction, a short period of time, a surprising, irrational vitality, and for a long time, is for does not exist a deep fear.

At its peak, nothing could undermine the essence of bitcoin. But most of the time, bitcoin holders are simply overblown, and the news that they hear about bitcoin scares the pants off.

So don't worry about anything that can destroy bitcoin.

[AntonKrutkov806]

Bitcoin-payments can be made without binding personal information to the transaction. This provides powerful protection against the theft of personal information.

[daxiake]

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.

The beauty of BTC and other cryptos is that they are decentralized and don't have any single controller, this makes it very hard to completely destroy BTC as thousands of miners have come to consent to stop mining and never do that again.
But yes there are factors that are affecting BTC price severely and as a result, its value is getting down but it's not happening for the first time. BTC has full potential to fight back and rise again.

[pimacoin]

Only when internet is been destroyed

[Corcoran]

Quite difficult for bitcoin can be destroyed, but false news in bitcoin should be kept away. Because the cause of false news can make investors doubt the bitcoin. And if the investor stops investing in the bitcoin that will make the bitcoin price decrease.

[Jazvebtc18]

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.

Big governments and big banks will crush Bitcoin, but they won’t kill it. The technology that created Bitcoin will do it, one day. The use of Bitcoin as an alternative to national currencies is already facing stiff resistance by central banks and commercial banks. That’s bad news for Bitcoin investors, as central banks and banks can find ways to taper the demand for Bitcoin, taming any further price gains and occasionally crushing it, as the Chinese government did recently.

Then there’s another, more fundamental, problem. Blockchain, the technology that created Bitcoin, can be used to create other cryptocurrencies that compete against Bitcoin, as already it has done. Like Etherium, Litecoin, and Ripple, to mention but a few.

[developer101dev]

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.

Media's are creating a bunch of fake stories in order to reduce the popularity of bitcoins but still they cannot really outwit the people in their believes and today those people who truly believe on the growth of cryptocurrency are rejoicing because the price is rising.

[rodztan]

I think the only thing that could destroy Bitcoin is the investors and miners. If they're turning their back with Bitcoin , it's really hard for Bitcoin to survive.

I know what bitcoin breaks people who do not believe in bitcoin they break the bitcoin and those who use bitcoin to scum and the scum will say that bitcoin is worthless bitcoin.

[sailordgold]

bitcoin must be able to prove that it has a great power in the world of digital currency, the most important is how bitcoin selling value can have the highest price and bring change for bitcoin investors, now with the decline in bitcoin prices is very potential to reduce the confidence of people who invest bitcoin, besides the negative news about bitcoin spread by the media also has an effect on bitcoin setback.and most important is the government's trust every country to say that bitcoin does not have a negative effect because the ban of bitcoin in each country is very potential to make bitcoin destroyed even slowly will disappear.

[julielyn]

I think the only thing that could destroy Bitcoin is the investors and miners. If they're turning their back with Bitcoin , it's really hard for Bitcoin to survive.

Yes, as I said to you, investors and mining will break the bitcoin just like when you said that they would be really bitcoin and if bitcoin breaks down, there are other people who have to deal with bitcoin as long as with gadgets, computers and internet they still have bitcoins.

[shetza]

How to destroy bitcoin is hash more than 50% of total hash network (51% attack).
If a person has hash power, then he / she can:
- make double / profit 2x with the same BTC, nice it only has 1 BTC but can transaction for example 5x masing2 1 BTC, can generate mass mass.
- Very likely he can increase difficulty quickly, others become lazy bitcoin miners.

Because it has to fight bitcoin network, it takes very very much and very very other hardware.
who can do this is just a government. Not an ordinary person.

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[Caesar Cung]

How to destroy bitcoin is hash more than 50% of total hash network (51% attack).
If a person has hash power, then he / she can:
- make double / profit 2x with the same BTC, nice it only has 1 BTC but can transaction for example 5x masing2 1 BTC, can generate mass mass.
- Very likely he can increase difficulty quickly, others become lazy bitcoin miners.

Because it has to fight bitcoin network, it takes very very much and very very other hardware.
who can do this is just a government. Not an ordinary person.

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so what will cause the plug to be pulled? the fact that bitfinex is likely insolvent now?

Shit might explode. we could see a bad crash. This is still a high price to me, lol. I'm talking 1k new stability line
Two possibilities - no base of operations (HK government has told them to leave) or charges pressed against them in a civil court, leading to discovery that the Tethers are unbacked.

Impact on market - hard to predict. It's like a bank run, you don't know where it's going to land.

[Probablylikely]

I guessed if everyone stops purchasing and starts letting go their bitcoin,  bitcoin will die off for sure.. it all depends on us, humans. After all its created by human as well.