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Author Topic: What will destroy the bitcoin?  (Read 1382 times)
bhabygrim
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April 24, 2018, 03:11:12 PM
 #321

I think the only way to destroy it is by destroying all the gadget or technology that could run a full node.
And when it comes down to the price of Bitcoin the one's who is responsible of destroying it or dropping it down is us,
Us who are using it those who are selling it are the one's who are making the market fall the demand is decreasing because of it and so does the price.

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April 24, 2018, 03:29:42 PM
 #322

I think that can destroy bitcoin is the government, imagine if the government banned bitcoin, not just one country, but all countries have implemented the regulation, then the miners will not be allowed to do bitcoin mining, so no bitcoin transaction and market price will be destroyed

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April 24, 2018, 03:31:15 PM
 #323

I do not think Bitcoin is invincible but I can not imagine who can destroy the bitcoin. I think the media does not have that power.  Smiley Smiley
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April 24, 2018, 03:46:06 PM
 #324

Bitcoin breaks are the ones that degrade it because many people today are losing bitcoin because they're so ugly and they do not understand it.
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April 24, 2018, 03:58:36 PM
 #325

Perhaps in the near future will be more modern and relevant cryptocurrency, which will regulate  bitcoin errors. I think that such a coin could be Tezos.
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April 24, 2018, 04:00:53 PM
 #326

I think the thing that can destroy Bitcoin is its users, enthusiasts, traders, miners, investors. If they stop believing and trusting Bitcoin then it will die. It is the same way that these people are the main source of strength and resistance of Bitcoin throughout those years of negative publicity, false news, etc. As long as there are people who trust and believes in Bitcoin it will continue to live and change lives for the better.

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April 24, 2018, 04:11:27 PM
 #327

The negative news and the demand hike of some of the altcoins are themain opponents for bitcoin if bitcoin can't stand with them or more than them otherwise there is a chance for bitcoin destruction.
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April 24, 2018, 04:16:29 PM
 #328

Breaking the bitcoin is also the only people especially now that many people have lost confidence in bitcoin because many people are losing money because of the price they now have so much damage.
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April 24, 2018, 04:18:09 PM
 #329

When BTC drop to 2k$ and all profit don't enough to pay electric bill, all miner will stop and BTC system will die,do you think so?
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April 24, 2018, 04:30:51 PM
 #330

Bitcoin breaks are people who have lost confidence in it because many people lose money because of the drop in bitcoin prices so they break it.
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April 24, 2018, 05:20:54 PM
 #331

As most of the digital interface is reliant on electricity, perhaps the only thing that could destroy bitcoin is wide spread electricity black out.

As data can be transferred even without the internet (even the primitive morse code can transfer data, and radio frequency too), the lack of power supply spread through out the globe can put bitcoin to an end, electronically speaking.

But conceptually, anything can be destroyed one way or another, and the same remains true for bitcoin.  Everything has a kryptonite so to speak.

Of which will hurt bitcoin much? Only the future can tell.


Yup, I totally agree with you on this. If ever the things in the movies really does happen like that solar flare thing that disables electricity, bitcoins will be of no use anymore. But the worse case scenario would be this world being in chaos because of the wide spread electricity black out. And I bet that if chaos is already happening, bitcoins or any crypto currencies would be the last thing that people will be thinking about. -Just saying xD
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April 24, 2018, 05:21:29 PM
 #332

for me that breaks the bitcoin is people who do not believe and jealous of bitcoin because people are afraid of things they do not know they can harm it.
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April 24, 2018, 05:30:36 PM
 #333

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.



I think the current price is that many people believe and use bitcoin, still support bitcoin and we will benefit. when we do not use bitcoin, bitcoin slowly will disappear and will not mean anything. it will destroy bitcoin itself. when we do not use bitcoin the price bitcoin will continue to decline.
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April 24, 2018, 05:51:49 PM
 #334

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 believe people who invest and using bitcoin are the one who can destroy bitcoin because without them bitcoin can not function bitcoin is a system where in it needs people who will control it as long as there are people who wants bitcoin as long as there are people who believe on what bitcoin can do in their lives it will not die.
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April 24, 2018, 05:59:42 PM
 #335

A global outlawing, combined with global anti encryption laws.

EU and US combining their powers to fight bitcoin could harm it, and force it underground, but not truly kill it.
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April 24, 2018, 06:04:50 PM
 #336

I think bitcoin is not easily to be destroy. It is proven that bitcoin is the gold of crypto world and it has the popularity and also well know to public nowadays. With the better understanding of bitcoin via giving knowledge to more and more people, i think bitcoin will sustain for a very long period.

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April 24, 2018, 06:07:51 PM
 #337

For bitcoin to disappear, it is not at all simplistic, because it has blockchain technology and the pragmatism it gives investors. In the event that bitcoin is gone, no one in the world uses bitcoin anymore, and the blokchan system is faulty and hackers break in.
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April 24, 2018, 06:08:59 PM
 #338

I think the government ban can destroy the existence of bitcoin, although the government is unlikely to destroy the bitcoin and the Blokchain technology that is in it. but, the government's efforts to ban bitcoin circulation and shut down the exchange of bitcoin will make bitcoin difficult to develop.

The potential for government regulation is very real, in line with some countries that have restricted access to exchange of bitcoins and other digital currencies.
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April 24, 2018, 06:09:36 PM
 #339

no one can destroy or eliminate bitcoin on this earth, because many people who support bitcoin today even some countries have used it even though not yet fully.
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April 24, 2018, 06:33:09 PM
 #340

Technically bitcoin will always exist, as long as some computers with programs running on it continue to work its purpose to die but something extraordinary it must happen and most likely, if society does not destroy itself from greed or negligence in the coming year it will remain the eye main crypto money. Cool
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