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Author Topic: What will destroy the bitcoin?  (Read 1382 times)
gilangIDR
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April 01, 2018, 04:29:18 AM
 #221

Which will destroy Bitcoin is ourselves because when we do not use Bitcoin then it will lower the level of confidence in Bitcoin. Bitcoin prices will gradually decline and that would be a bad thing for Bitcoin price development in the future. Bitcoin will break down slowly and it will eliminate everything. Yes it all depends on ourselves, we must continue to use Bitcoin and we must assume that Bitcoin is a medium of transactions that can be used to perform daily financial transactions. When we start leaving Bitcoin we will start to slowly destroy Bitcoin. So do not ever forget Bitcoin if we do not want to see Bitcoin destroyed !!
fortuneteller
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April 01, 2018, 04:31:57 AM
 #222

Negativity is the one who could destroy bitcoin. If all our positivities to bitcoin will be replaces by negativities then its the end. Come to think of the effect of mainstream media to bitcoin users, investors... Posted negative articles destroys the trust and confidence to bitcoin little by little.. Therefore as long as people keeps its trust and confidence, bitcoin will continue to exist.
Piggymonster
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April 01, 2018, 04:35:09 AM
 #223

The government and the big banks will try to crushed the bitcoins because it is a big threat to them. They will used the media to influence the people to fear the bitcoin investment but they can't kill it. Even the emergence of the new cryptocurrencies that will compete the demand of bitcoin, but it can't bring the bitcoin down. The only thing that could destroy the bitcoin is, if all sources of electricity and internet were shut down across the planet, all the computers will be broken, worst case scenario, then it will die.
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April 01, 2018, 08:51:47 AM
 #224

I think the only enemy that bitcoin has is the government and the only thing that can destroy it. It's not really hard to bring bitcoin down because the problems are already present like drugs and scams.
riel123
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April 01, 2018, 09:12:58 AM
 #225

If we all died and there was no one to use it. If all electricity went out and we couldn't power gadgets. If the internet went out forever.
lucy94
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April 01, 2018, 09:24:55 AM
 #226

Nothing really! It is based on math algorithms and math algorithms never fail.
eloymjb
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April 01, 2018, 09:26:30 AM
 #227

 for me the reason to destroy bitcoin is the time that no one will trust and believe on bitcoin. but this things in never be happen because we all known that bitcoin is the center of attraction of all crypto and too many people invest and believe on what bitcoin will do to their life.

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sumit2103
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April 01, 2018, 08:02:52 PM
 #228

Bitcoin is hottest selling ice cream. Prices of bitcoin are going down from last couple of days and people assumed that bitcoin will come to an end soon which is totally baseless and due to lack of understanding of bitcoin. It is the human mind with negative thinking which will destroy Bitcoin and some mind are of paid media which are promoting such news for running their channel. So kindly don't read such article if you believe bitcoin truly. Also stop reaction for such negative minds which are here to spread negativity without any base and reason.
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April 01, 2018, 08:18:27 PM
 #229

There are many ways to destroy bitcoin. If you don't use bitcoin then it's price will drop and it can destroy .If you have less knowledge of it and you don't interested to mine it or you have not any powerful hardware computer to mine it then it can destroy. More than all , lgovernment is the biggest enemy for this. Because it can't support bitcoin . On the other side media reports effects badly.

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KingScorpio
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April 01, 2018, 08:22:37 PM
 #230

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 be destroyed by:

propagandistic attacks

1. environmentalists,

2. by competition for attention by other cryptocurrencies.
(more than 1400 out there)

3. buy its unuseability.

regards

ranjau
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April 01, 2018, 08:46:14 PM
 #231

I think even government and media cannot destroy bitcoin, the only thing that can totally destroy bitcoin is when there is no internet.
I agree with you, I do not understand with the government who wants to take power also in this bitcoin, they make their own regulation without considering bitcoin users whether or not to agree with the regulations that are made. I think this benefits the government and harms the user, this could be destroying bitcoin because many users are out of bitcoin.
ThunderCatSteve
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April 09, 2018, 01:38:34 PM
 #232

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 not fully independent and some fake news can affect the price directly and that's why sometimes we see some price drops and even price crashes, because of the fake news, fake people (or calling fake experts) which predict the price without basing on any fact or any other source and make panic to people to sell or buy and so the price gets increased up to 20k or more or goes to the bottom of 7-8k which we are seeing nowadays.
Malamok101
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April 09, 2018, 01:53:13 PM
 #233

the bitcoin breaks people as well because other people who envy the bitcoin are spreading bad news and are not true to break the bitcoin and this will cause the downfall.

Suffoc8
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April 09, 2018, 01:58:26 PM
 #234

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.
You have a point, but for me bitcoin can be destroyed when its medium, the Internet and the gadgets that we have used to access bitcoin is being lost or destroyed so that it its medium is not working then we cant use bitcoin.

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April 09, 2018, 02:13:46 PM
 #235

The media will not be able to destroy bitcoin, although many media are preaching negative about bitcoin, it will only make bitcoin prices down. But that will destroy bitcoin is internet access, if the internet can not be accessed again, it will make bitcoin destroyed, because bitcoin can be used only, with there internet access.

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soname12
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April 09, 2018, 02:17:44 PM
 #236

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.
Investors can destroy Bitcoin and the current Crypto market. Investors are the ones who decide the survival of all, it will continue to exist as long as the investor, and it will disappear when investors abandon it to choose a new more potential.

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April 09, 2018, 02:21:08 PM
 #237

I think that will destroy bitcoin is the internet network because in the absence of bitcoin network aknlan become useless dab bitcoin aoan become damaged and useless. But that's impossible because bitcoin is made perfectly and made with very mature thinking is impossible if bitcoin gets damaged.

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bitcoinminer45678
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April 09, 2018, 02:22:31 PM
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 #238

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.
Investors can destroy Bitcoin and the current Crypto market. Investors are the ones who decide the survival of all, it will continue to exist as long as the investor, and it will disappear when investors abandon it to choose a new more potential.
I only see that investors will kill the growth of bitcoins since they are the reason why bitcoins is also popular right now. The value of bitcoins last december 2017 has reached 19k dollar and because of that, there are a lot of new investors who are keep on investing today in order to earn more profit when there will be a huge pump in the market again.
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April 09, 2018, 02:22:58 PM
 #239

if i ask the bitcoin to break people are just because people do not run bitcoin now because of its low price and other people are still screaming because they have a lot of bitcoin income.
Caladonian
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April 09, 2018, 02:27:38 PM
 #240

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.
Investors can destroy Bitcoin and the current Crypto market. Investors are the ones who decide the survival of all, it will continue to exist as long as the investor, and it will disappear when investors abandon it to choose a new more potential.
You have some point here, if investors stop supporting bitcoin and focus to another project or another system that they think that will be much usable,
then bitcoin can be in doom, we know that it is a business where investors always looking for a big potentials to grow their investment, if they feel
unsafe with bitcoin then they will look for another investment to place their money, making a lots of negative effects including to complete failure of the chain, if worse come to worse and they stop using the chain.
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