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Author Topic: What will destroy the bitcoin?  (Read 1382 times)
Sunnyyy
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February 28, 2018, 03:43:21 PM
 #81

I think that might be the government. Bitcoins can be destroyed by governments of many countries. There may be rules prohibiting people in their country from using Bitcoins. This may be due to a number of national security reasons or the effect of government profit.

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aleksej.rozhkov
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February 28, 2018, 03:44:33 PM
 #82

Bitcoin can ruin think only the introduction of the government is the first and second is that if people stop buying bitcoin. The most options that can destroy the system.
dmamigo
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February 28, 2018, 06:02:43 PM
 #83

I think that might be the government. Bitcoins can be destroyed by governments of many countries. There may be rules prohibiting people in their country from using Bitcoins. This may be due to a number of national security reasons or the effect of government profit.

Government cannot completely destroy it because not all of the government will ban it, but media and people who uses it can completely demolish it. People who listen too much to the analysts and few stupid predictors can lead to something destructive related to Bitcoin and cryptocurrency also to some extent.
herecomesjohnny
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February 28, 2018, 06:27:39 PM
 #84

Bitcoin was well created and I don't believe there is a way to destroy it. The creators will prevent this to happen

Everything that is created can also be destroyed in the same way! Nothing in this world is stable and secure. The human lives, the nations, the world - all can be easily destroyed if the people take the wrong paths. In this scenario, the question is about the Bitcoin power to prevail over obstacles. Will it prevail or will be destroyed utterly, in the end, depends on the human factor which has created it as such.
We cannot predict the future but with the right decisions, the believers of the crypto can for sure try to prevent damage to happen!
suhano
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February 28, 2018, 06:34:51 PM
 #85

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.

Bitcoin will not get destroyed completely ever in my opinion. However, we may see any other coin replacing it as the most popular and commonly used option.
Visbay
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February 28, 2018, 06:35:17 PM
 #86

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.


True, since bitcoins value depends on the market activities which relies on the activities related to its users and investors. As long as bitcoin is being used by people then it will continue on doing its purpose.
Yeah the market activities matters a lot because if the market will make price high it will increase the number of investors but it will be a little late so it is the opportunity and chance for those who want to invest as the price of bitcoin is low and investors can invest to the bitcoin very easily. Use of bitcoin is making the bitcoin more alive than before, lack of investment can make the price down but nothing can destroy bitcoin for long time, sometime price get high and sometimes it went down but no worries rise and fall in so common in bitcoin now price is increasing again and bitcoin is not currency to destroy but it use to increase all the time.
Glutius
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February 28, 2018, 06:38:12 PM
 #87

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 power that will be able to disable the Internet around the world - will destroy bitcoin. Or there will be a Satoshi Nakamoto and sell all his bitcoins together, thus lowering the rate. Wink

charlotte04
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February 28, 2018, 06:41:14 PM
 #88

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.

If you are finding yourself a way to destroy Bitcoin in terms to asking questions to other people, well, we would not tell you. Smiley
blinchain
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March 01, 2018, 09:13:40 AM
 #89

I think Bitcoin will not be destroyed. In some countries, although the government forbids bitcoin trading, clever bitcoin players trade through other channels. Unless the internet disappears, Bitcoin will not be destroyed.
Tonygold1967
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March 01, 2018, 09:27:18 AM
 #90

There are a lot of things to destroy bitcoin, and there are a lot of thinks to destroy anything in the wold you should not worry about all this things.
zarados
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March 01, 2018, 09:55:09 AM
 #91

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.

bitcoin is almost the same as democracy, where the people who hold power by way of trust in him. Bitcoin is popularized by the world's population who understand that this technology will have great value in the future, and with that trust capital, more and more people are adopting it, until the price can be as it is today. If you ask what will destroy bitcoin, of course the answer is its users. When no one believes in bitcoin, this cryptocurrency will be worth nothing.
Raven91
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March 01, 2018, 10:36:23 AM
 #92

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 only way that bitcoin will be destroyed or considered dead is when the time comes where no one supports bitcoin anymore OR the developers will shutdown the system. And humans also are the ones who destroys it when they use media.
fatema
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March 12, 2018, 09:51:44 AM
 #93

I think the goverment or media will not be able to destroy Bitcoin. Only if the internet connection colses is possible only destruction.Moreover,it is made very well that destruction is not possible.But there is another way to destroy the creator can resist.
palle11
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March 12, 2018, 09:59:02 AM
 #94

The destruction of bitcoin will be the beginning of another modern coin.  Maybe it could be with the introduction of a national coin either from Asia or America. If it won't be manipulated and has the backing from that continent.
abonti
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March 12, 2018, 11:31:02 AM
 #95

the destruction of bicoin will be the beginning of another modern coin. maybe it could be with the introduction of a national coin either from asia or america. if it won,t be maniqulated and has the backing from that contient.I think the govermentor media will not be able to destroy bitcoin. only if the internet connection colses is possible only destruction
nmax21
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March 12, 2018, 11:43:36 AM
 #96


The destruction of bitcoin can be centralized. If this happens, the coin will lose interest and eventually people will stop using it.

andrei214
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March 12, 2018, 12:05:14 PM
 #97

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.
Countries who continues to ban bitcoin are one of the possible destructors of bitcoin.Once that all country's worldwide continues to ban bitcoin, Bitcoin will truely be destroyed and can be cause for its disappearance.But since there are still many country who trust bitcoin,its disappearance wont going to happen.

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March 12, 2018, 01:30:15 PM
 #98

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.
Countries who continues to ban bitcoin are one of the possible destructors of bitcoin.Once that all country's worldwide continues to ban bitcoin, Bitcoin will truely be destroyed and can be cause for its disappearance.But since there are still many country who trust bitcoin,its disappearance wont going to happen.

The things that can destroy bitcoin are those who not accepts it, it can be our government, business company, and us (people) why? because being acceptable in a country is a sign that bitcoin is useful and good currency. People also can destroy bitcoin most especially if they give negative feedback to others who don't have any idea about bitcoin.

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Christian108
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March 12, 2018, 01:41:25 PM
 #99

The only one can destroy the bitcoin is the government, because the number one hate the bitcoin is the goverment so I think the government will going to do something to stop the bitcoin but theyes can't do that in one click because bitcoin have a million or billions of user in worldwide and still counting. That's why bitcoin is so hard to stop or maybe will never be stop.
BruceWee
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March 12, 2018, 02:44:09 PM
 #100

When people used bitcoin as a medium to buy something illegal and to start a crime, then it will be a bad news for bitcoin. The government would do anything to stop it so that there will be no dangerous things that might happen in the future. If bitcoin is being used in different illegal things, then it can be a reason for the stoppage of bitcoin worldwide.
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