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Author Topic: Bitcoin will kill itself  (Read 3955 times)
Layers318
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August 03, 2018, 01:27:10 AM
 #481

One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 
Just as you Bitcoin can be used for terrorism funding, the Fiat especially the USD can also be used for the same purpose. Were terrorist not funded before the inception of Bitcoin in 2009? Illegal drug transactions were in existence before Bitcoin. The truth behind the attacks from the media and government is jut one - the governments are afraid of the decentralized nature of Bitcoin which takes the power back to the people.

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Luana Trade
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August 03, 2018, 01:47:48 AM
 #482

yes there may even exist people who use illicitly but the technology is not restricted this think illicit people everywhere and one of the facts of bitcoin not being accepted is u = that regulators do not have control over it and so he is so discriminated against and use this excuse of washing only to deceive people
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August 03, 2018, 01:49:41 AM
 #483

One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 
I do not think Bitcoin will use the anonymity to commit suicide. Simply because there would be no foolish investors investing in something unreliable. We are just investors and we do not know what is inside. I think investors also know who Satoshi Nakatomo is and they still cooperate happily.
Yes I agree on that,  investors are wise and they maybe didn't wanted to loss their money with a one blink of an eye,  I believe that they maybe do some research first before investing, because investing is not a game because it includes an amount of money as capital that can loss if they don't invest in the things that has an assurance to earn back.

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August 03, 2018, 02:05:40 AM
 #484

Everything must have supporters and opposition. Currently the anonymity of bitcoin is indeed both an excess and an obstacle in the existence of bitcoin. But I think bitcoin will not stay idle, bitcoin will soon adjust itself to market needs. Hopefully bitcoin immediately improves itself to be much better again.
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August 03, 2018, 03:16:28 AM
 #485

bitcoin anonymity is the advantages of bitcoin at the beginning but we can see that this features is makes the people in governemtn think twice about that features because as we know that features is for the criminal sending money, so i think the government can audit all people that use bitcoin in their country , but it will take many resources

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August 03, 2018, 03:24:32 AM
 #486

for me bitcoin will never kill himself, because a lot of ways the mother of coin if he leads all the tokens or coins no one can handle the bitcoin because we all know now bitcoin is the leader now.
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August 03, 2018, 03:25:30 AM
 #487

It may or may not. But I think what really kills bitcoin and maybe all other digital currency is their lack of utility. If a coin is used for drug trafficking or for any illegal activities I think it may rather give life to bitcoin as usage will increase as long as it is not banned of course. If bitcoin is not used as it is purposely created to be a payment system or as a digital currency then maybe it will be the time that it will be lost forever.

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August 03, 2018, 08:22:31 PM
 #488

I think those media exaggerated the negative news of bitcoin. We know that every new industry is always accompanied by doubts in the course of its development. Bitcoin is also the same.

I really agree with you because most of the people want to talk about something. It is better to think about your future and how you can earn money with Bitcoin.

                   
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August 04, 2018, 10:46:12 AM
 #489

Bitcoin can not kill itself since people and government have started accepting it as digital currency and nowadays many investors prefer holding bitcoin more than fiat.
Good opinion and I like your opinion.
see statements like that in my own opinion that bitcoin will kill itself after the price has never been increased and there are also no investors who use it so that the word emerges as you say but basically bitcoin is strong in dealing with all problems even many countries and investors who use bitcoin so it supports it so that bitcoin gets a bright future.
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August 04, 2018, 11:32:27 AM
 #490

One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 
The anonymous feature is what makes Bitcoin so compelling now that it's hidden, not the function that causes it to crash. If Bitcoin is banned, it may be affected by the price, but it is pushed further because criminals continue to use it for exchanges. So this has helped Bitcoin move to the moon.
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August 04, 2018, 11:42:47 AM
 #491

One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 

Sadly, Anonymity feature from Bitcoin used for something like this, people like that just ruining Bitcoin image for their  desire.

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August 05, 2018, 01:59:45 AM
 #492

I dont believed that bitcoin will kill itself , as I observe bitcoin is trying and making some ways to overcome price declination  .Rising and improving their capacity and ability to reach and achieve the best price against other forum thats what I see and observe from bitcoin.
Yes it's true what you say and I also do not believe that bitcoin will kill itself because to my knowledge bitcoin is very strong in facing any problem even bitcoin is so strong that many people believe it as a valuable asset.
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August 05, 2018, 02:24:26 AM
 #493

One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 
in my opinion, bitcoin and everything with the results and nature of bitcoin depends on the intentions and objectives of the investors, maybe if the intentions and good intentions of all the results and impacts will be good, in the future

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August 05, 2018, 02:39:26 AM
 #494

in my opinion, the one that can kill bitcoin is just someone, and those people have different directions or views to symbolize bitcoin, they do criminal activities using bitcoin, and don't think about the impact of their actions, and one of them is being able to destroy bitcoin itself .. !!

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August 05, 2018, 02:26:47 PM
 #495

Bitcoin is not completely illegal, it simply is bigger, their operations involve high risk activity, so they are ready to use the most advanced technology.
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August 05, 2018, 02:38:54 PM
 #496

I dont believe that the unlawful action that bitcoin is utilized for will end bitcoin. Bitcoin wasnt made to with the goal of being utilized for illegal action it was made to take care of the issue on brought together money. With this being said you could apply a similar rationale to firearms. Weapons are always being utilized to execute individuals in the U.S, however that isn't their solitary utilize so you cant altogether point the finger at firearms for kill.
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August 05, 2018, 03:01:31 PM
 #497


I do not think that it will kill itself , it is true that it is in a big problem , but bitcoin will be fine again soon!
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August 05, 2018, 03:10:00 PM
 #498

It is a well known fact that many websites in the dark net operates with bitcoin and that there only reside shit and garbage of our human society. We cannot blame bitcoin for that, as it is the same as blaming internet why pornography exists. The media that publishes these articles wants to have more views and more readers and it will do anything to achieve this goal.

Bitcoin is used much more on the better side of things compared to what this article is claiming.
Bitcoin has so much, maybe they use it bythe other activities and aside from it mahbe in thd near futute bitcoin can kill itself by the popularity and maybe it loss its valdlue by its demand.
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August 05, 2018, 03:20:11 PM
 #499

It doesn't make sense if bitcoin dies by itself. What influences and can turn off bitcoin is the government, FUD, bitcoin holders and one of the most sensible is that bitcoin is no longer desirable, or in other words the demand for bitcoin is not even reduced.
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August 05, 2018, 05:24:23 PM
 #500

I do not think Bitcoin can kill myself. Because in today's time Bitcoin has become the top currency in the crypto market.

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