Bitcoin will kill itself

[BitGunner]

I don't understand how it can kill itself. many experts think that btc will be the best coin ever forever and even will be able to replace the main currency we have now. i think this ca be true

[Brama Jasa]

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 

not only in bitcoin (crypto) in the real world, there are many people who do it without bitcoin, how they do it all, all depends on people who use bitcoin are used for good or evil, indeed for now it's bitcoin is easier for crime but over time all transactions can be seen where they send their bitcoin, this is what the security forces in the countries of the world have to do, enter the world of bitcoin and can know crypto transactions of their citizens, in my opinion if this happens bitcoin will not be dangerous, and bitcoin can accepted in the world. everything has developed now don't you influence people not to use bitcoin if you have got a lot of profits here boy

[Hudadahuda2018]

It's not possible . Bitcoin will not kill by anyone.It's the one of the main advantage of bitcoin.No one can control price of bitcoin by any moment.This small fluctuation will not kill the bitcoin.I hope you understand now.

I agree with your comet about bitcoin because it can generate bitcoin in a downturn to insult many people that bitcoin will not kill anyone including killing bitcoin itself because to my knowledge bitcoin is one of the benefits of all of us. he doesn't kill himself.

[7Dyoknga5]

If bitcoin is indeed used by majority for illegal transactions, it will surely meet its end.

That's why one of responsibilities is to look for each other and report any known illegal activities made tru bitcoin.

[yurekaa]

In my opinion. which will kill or drop bitcoin that is a bitcoin user. not from the system or bitcoin itself. bitcoin was born from blockchain technology which is very good and has a very good transaction system, of course it is protected by a very good security system. so, bitcoin can be used by anyone. however, there are some people who can abuse this currency for activities that harm others and can damage the reputation of bitcoin.

[anggada18]

a lot of bad news is also good news, the government does not want the nature of privacy but we are happy with anonymity. crime will always be with ambition, they want everything easily without thinking about the law. every country has a law but they ignore it. btc depends on those who use it, if it's done by someone who is not responsible then it's not wrong btc exists. but the person. the media only attracts readers' attention to ratings.

[ishinn99]

a lot of bad news is also good news, the government does not want the nature of privacy but we are happy with anonymity. crime will always be with ambition, they want everything easily without thinking about the law. every country has a law but they ignore it. btc depends on those who use it, if it's done by someone who is not responsible then it's not wrong btc exists. but the person. the media only attracts readers' attention to ratings.

We cannot avoid all those good news and bad news that will be happening to bitcoin, but we still need to support it and I am sure bitcoin will never dies as long as many people will use it.

[Maricel2017]

a lot of bad news is also good news, the government does not want the nature of privacy but we are happy with anonymity. crime will always be with ambition, they want everything easily without thinking about the law. every country has a law but they ignore it. btc depends on those who use it, if it's done by someone who is not responsible then it's not wrong btc exists. but the person. the media only attracts readers' attention to ratings.

We cannot avoid all those good news and bad news that will be happening to bitcoin, but we still need to support it and I am sure bitcoin will never dies as long as many people will use it.

Super agree with you mate, supporting bitcoin is the best way to make it more stronger in the future, by continuous investing and using it has a big contribution to increase its demand and make the value keep fighting to increase. We do not need to take more serious some bad news about bitcoin that is only a rumor that will not be happen

[BitcoinPanther]

If bitcoin is indeed used by majority for illegal transactions, it will surely meet its end.

That's why one of responsibilities is to look for each other and report any known illegal activities made tru bitcoin.

And this is one tough job to do, given the pseudonymity of bitcoin. To police and watch transactions is something dreadful to do. Remember that transactions happen merely with wallet addresses alone. Apart from the jargonish address (of which very few could remember their own), i doubt that one can easily identify a wallet address and say "that's my uncle's bitcoin wallet address there!"

And that is the OP's point, how can we battle illegal activities when bitcoin can work under the shadow of near anonymity thru pseudonames? And the OP is quite worried that this attribute of bitcoin might jump start its death.

Yet, the gift of pseudonymity from bitcoin being used in illegal transactions is something that rests in the hands of the users really. Truth to be told, there are bad people around us, even if we put so much security around bitcoin to prevent it from any maliscious intent and usage, these people will always find a way.

[satria2]

a lot of bad news is also good news, the government does not want the nature of privacy but we are happy with anonymity. crime will always be with ambition, they want everything easily without thinking about the law. every country has a law but they ignore it. btc depends on those who use it, if it's done by someone who is not responsible then it's not wrong btc exists. but the person. the media only attracts readers' attention to ratings.

Bitcoin is never wrong in this case because it is humans who run Bitcoin until the price becomes good and becomes bad so it's a bad thing to blame Bitcoin as this problem.

[mornabo]

Such speculations and attempts to once again inform the whole world that something is wrong with bitcoin - there will be tens of thousands more. Everyone will try to speculate on the bitcoin in every possible way, even if he does not understand anything about it.

Whatever speculation you do will not impact the market if you are not an influencer or a whales, there are tens of millions of bitcoin users and if only you do bad speculation even it will not have a bad impact on the market, we dont need to be afraid of such cheap speculation

[Moblie_Legend]

If bitcoin is indeed used by majority for illegal transactions, it will surely meet its end.

That's why one of responsibilities is to look for each other and report any known illegal activities made tru bitcoin.

And this is one tough job to do, given the pseudonymity of bitcoin. To police and watch transactions is something dreadful to do. Remember that transactions happen merely with wallet addresses alone. Apart from the jargonish address (of which very few could remember their own), i doubt that one can easily identify a wallet address and say "that's my uncle's bitcoin wallet address there!"

And that is the OP's point, how can we battle illegal activities when bitcoin can work under the shadow of near anonymity thru pseudonames? And the OP is quite worried that this attribute of bitcoin might jump start its death.

Yet, the gift of pseudonymity from bitcoin being used in illegal transactions is something that rests in the hands of the users really. Truth to be told, there are bad people around us, even if we put so much security around bitcoin to prevent it from any maliscious intent and usage, these people will always find a way.

bitcoin is often used by a number of parties to buy illegal goods, such as drugs and buying and selling weapons for terrorism networks. cryptocurrency is different from cash. Because, cash can be tracked, including if there is abuse, such as money laundering or terrorism financing. The millionaire also said investing in cryptocurrency was a new idea. "I think the speculative nature of ICOs and cryptocurrency is very risky,"

[Flor1982]

If fiat currency was used in all kind of illegal activities but not superseded therefore the Bitcoin currency too. Bitcoin will not be kill or disappear in the market as long as the countries will learn on how to regulate it properly so that it cannot be use by the illegal people in all of their illegal means. Therefore regulation is the life saver of Bitcoin to protect it from itself.

[trumplove]

All information about data transparency from bitcoin will really have an inverse impact where everyone ultimately has highly competent human resources along with updating digital systems, capitalists will be destroyed and make the world more independent.

This theory is very ironic because we are accustomed to living with capitalists, but on the other hand bitcoin will open the minds of many people about economic independence that is essential and not easy to exploit by the global elite.

[ninokh]

I dont think that the illicit activity that bitcoin is used for will end bitcoin.  Bitcoin wasnt made to with the intent of being used for illicit activity it was made to solve the problem on centralized currency.  With this being said you could apply the same logic to guns.  Guns are constantly being used to kill people in the U.S, but that is not their only use so you cant entirely blame guns for murder. 

it's true that I agree with you that bitcoin is not created for criminal activities. it all depends on the bitcoin user. if he is a good person then he will use bitcoin for good activities like charity. but if the one who holds bitcoin is a bad person, it will be used for crime activities.
everything must have disadvantages including bitcoin but this lack of bitcoin will not kill bitcoin as long as we use bitcoin we do it right. so that it all depends on the bitcoin holder.

[LieTOme]

I believe that this is not actually going to happen, why would such thing happen when bitcoin was even love by people. Other countries are accepting it and are even legalizing it. Perhaps in other countries they might actually be killed the way you said it. But bitcoin coverage is worldwide other countries may not just follow the same thing.

I believe that this is not actually going to happen, why would such thing happen when bitcoin was even love by people. Other countries are accepting it and are even legalizing it. Perhaps in other countries they might actually be killed the way you said it. But bitcoin coverage is worldwide other countries may not just follow the same thing.

you are very right in my opinion whether or not the future of bitcoin or crypto currency is growing, investors are influential if the goals and intentions of the investors are good, of course, the crypto currencies are good too

[cjinny]

I do not agree that bitcoin kills itself, for me What makes bitcoin dead is due to human actions themselves. At this time people who have their own pros and cons of interest will definitely defend their opinions and do everything they can to win it for personal gain.

[HatsuHatsu]

 bitcoin will do everything to survive.In General, i think it's a good coin

[Tryphena5358]

Bitcoin will forever be the king of electronic money and it will not die any time soon. Many experts think btc will be the best penny forever and will even be able to replace the main currency we have now. If bitcoin is actually used by the majority for illegal transactions, it will definitely meet its end.

[ChibaReiko]

noway . it's just kidding. in the future bitcoin will rise again. believe me