Bitcoin Cannot Die. It is Impossible. Under Any Circumstances.

[Lambolife]

Bitcoin cannot die under any circumstances. Ever!

Why? Because Bitcoin is an idea. An abstract idea. It cannot be destroyed.

I wanna emphasize this because a few days ago I posted a thread on the Economics section asking people if they thought Bitcoin was over.

And I've thought a lot about the answers I got and continued to reflect.

And here is my realization which is better explained in video with visuals https://youtu.be/i6mBiboKg4Q

If you disagree, it's okay. But please articulate it in a friendly manner. Life is too short for internet quarrels right?

[muslol67]

I don't agree with that. I definitely believe in Bitcoin's future. But it is not certain that Bitcoin never dies. It may! But it won't possibly.

Bitcoin has a many risks. But yes it has a great community support.

[Timmzzy]

Bitcoin cannot die under any circumstances. Ever!

Why? Because Bitcoin is an idea. An abstract idea. It cannot be destroyed.

I wanna emphasize this because a few days ago I posted a thread on the Economics section asking people if they thought Bitcoin was over.

And I've thought a lot about the answers I got and continued to reflect.

And here is my realization which is better explained in video with visuals https://youtu.be/i6mBiboKg4Q

If you disagree, it's okay. But please articulate it in a friendly manner. Life is too short for internet quarrels right?

There are many futures in bitcoin and definitely I believe that it has come to stay why will it die. Now let's look back in the history of money as of today. Bitcoin is the future.

[seyboy]

It also depends, the bitcoin or cryptocurrency industry is strong in Africa

[Lambolife]

I don't agree with that. I definitely believe in Bitcoin's future. But it is not certain that Bitcoin never dies. It may! But it won't possibly.

Bitcoin has a many risks. But yes it has a great community support.

But if it is a mere idea, how can it die? Even if BTC dies, you think the cypherpunks, the crypto community, the people that are living in countries with abusive governments,, would simply give up? Of course not. Their are other cryptos that could take bitcoin's place. If there weren't, they'll just make a better version of Bitcoin

[kissme09]

Bitcoin is the first platform for all existing platforms. Bitcoin may be old and weak, but it has what the children don't have. Large communities and trust from them are what Bitcoin is. All traders and investors know Bitcoin and must use it if they want to trade.

[mich]

Not according to Estonian governor, Ardo Hansson-

https://www.chepicap.com/en/news/6439/-bitcoin-will-die-as-a-complete-load-of-nonsense-says-ardo-hansson.html

The Estonian governor Ardo Hansson, who is a member of the Governing Council of the European Central Bank and therefor participates in formulating monetary policy for the euro area, said at a conference in Latvia, that cryptocurrencies will probably die as a complete load of nonsense.

According to the American media company Bloomberg, the European Central Bank policy maker Ardo Hansson said that the cryptocurrency bubble already was well on its way to a full collapse.

'Maybe we should just see how far this collapse goes, and what is left when we’ve reached a new kind of equilibrium', the Harvard graduate said.

'I think we will come back a few years from now and say how could we ever have gotten into this situation where we believed this kind of a fairy-tale story.'

Hansson isn't the first high profile government official who expresses his concerns that cryptocurrencies can be used for illegal activities and that financial instability issues may occur if links between virtual assets and the regulated financial sector are starting to increase, and he won't be the last.

However, his opinions seem uninspired and are nothing cryptocurrency investors haven't heard before.

Perhaps, in 2019, we can take these kind of non-constructive opinions for what they actually are, which is clearly FUD.

As analyst and crypto investor, Joseph Young pointed out to his almost 95K twitter followers: 'Less than two weeks into 2019 and already seeing "Bitcoin will die" statements from high profile government officials.'

[ranman09]

If you disagree, it's okay. But please articulate it in a friendly manner. Life is too short for internet quarrels right?

Quarrels, just like in any relationship, is healthy and is needed for a thing to continue. Bitcoin needs to go through the struggles before it can sure fire. Anything needs time for adoption.

[seyboy]

But the hype is dying down now for the industry

[hridoyb]

Bitcoin cannot die under any circumstances. Ever!

Why? Because Bitcoin is an idea. An abstract idea. It cannot be destroyed.

I wanna emphasize this because a few days ago I posted a thread on the Economics section asking people if they thought Bitcoin was over.

And I've thought a lot about the answers I got and continued to reflect.

And here is my realization which is better explained in video with visuals https://youtu.be/i6mBiboKg4Q

If you disagree, it's okay. But please articulate it in a friendly manner. Life is too short for internet quarrels right?

Bitcoin is a cryptocurrency coin so its possible to destroy but need to same other currency like this. I hope bitcoin will be back soon but it so risks because people cannot think bitcoin price down under 4000$ this year or price up 20000$ in 2017.Bitcoin do anything because nobody cannot identify or control bitcoin prcie and transaction.

[dothebeats]

Bitcoin's current system can end at any given moment IMO, but the idea of being a separatist, especially from a government and a financial institution won't. The idea of anarchy is already there, but the creation of bitcoin only made things clearer for most of us here that don't believe in disorder and have been believing the government for as far as we can remember. We have too many interpretations on what bitcoin is, and we also have our own different way of looking at things such as this, but the way you look at it, so far, is my favorite, considering that bitcoin itself has helped sprout tons of cryptocurrencies 'hoping' to replicate what bitcoin achieved--aside from obvious monetary success, of course.

[Lambolife]

Bitcoin cannot die under any circumstances. Ever!

Why? Because Bitcoin is an idea. An abstract idea. It cannot be destroyed.

I wanna emphasize this because a few days ago I posted a thread on the Economics section asking people if they thought Bitcoin was over.

And I've thought a lot about the answers I got and continued to reflect.

And here is my realization which is better explained in video with visuals https://youtu.be/i6mBiboKg4Q

If you disagree, it's okay. But please articulate it in a friendly manner. Life is too short for internet quarrels right?

There are many futures in bitcoin and definitely I believe that it has come to stay why will it die. Now let's look back in the history of money as of today. Bitcoin is the future.

Definitely brother

[Lambolife]

Bitcoin is the first platform for all existing platforms. Bitcoin may be old and weak, but it has what the children don't have. Large communities and trust from them are what Bitcoin is. All traders and investors know Bitcoin and must use it if they want to trade.

I took it a step further and said Bitcoin is an idea of freedom. It represents our inner desire to break free from our financial shackles. I know people living in nice countries won't relate to that but a lot of us do.

Most people only think of BTC when we say Bitcoin and I understand why. It is old but gold, not weak. The misconception there is that people think bitcoin is actually prioritizing speed. No, it is prioritizing decentralization. Speed will come later. Lightning will make it happen but its still unable as of now.

[FedorIzmailov]

I also think that this will never happen because Bitcoin is firmly entrenched in its positions and is unlikely to cost zero

[aoluain]

Never say never!
Although i can only see two reasons why or how bitcoin would end, no
internet and no interest.

Obviously if there is no internet we cannot function and if people stop
using bitcoin well that could prompt an end but that is highly unlikely,
bitcoin promises too much.

There will always be those of us who dont fully want to conform to a
traditional currency and banking system, bitcoin offers an alternative
and will continue

[saulzaents]

I tend to agree with your sentiments here mate.
For Bitcoin to die, everything that has been implemented into this ecosystem will have to fail drastically.
We would have to see a major sell off from whales and many other big timers would have to remove themselves from the space.
As a worst case scenario, it may be safe to say that the price bitcoin could fall back below the $ 3,000 and take time to recoup but dead, never!

[adzino]

But the hype is dying down now for the industry

Which hype are you talking about? If you mean the "bitcoin" craze thing, then yeah good it is going down. We don't want to price to be inflated just because of some stupid "hype". Those hype only does harm, as people does not know what they are doing or why but just jumps into the hype train. We are better off without those people.

[Xardasim]

Now let's look back in the history of money as of today. Bitcoin is the future.

Bitcoin can be the future money, unless there is project superior to it. Perhaps a few years later, there will be a better project than BTC. Perhaps Quantum computers will be created and there will be no such a Bitcoin encryption. Paper money has also become innovative according to time but we do not like it now.

[Lambolife]

If you disagree, it's okay. But please articulate it in a friendly manner. Life is too short for internet quarrels right?

Quarrels, just like in any relationship, is healthy and is needed for a thing to continue. Bitcoin needs to go through the struggles before it can sure fire. Anything needs time for adoption.

Yeah I get where you're coming from. In my experience though most people on the internet get very aggressive when someone else sees things differently from them. Like Roger Ver, he is too aggressive. In debates, we don't get to find common ground between BTC and BCH because all Roger cares about is pushing his agenda and destroying everyone that comes his way.

[sunsilk]

Quarrels do happen and debates makes the discussion firm but if its too much and you are feeling not good with that anyway its best for you to stay away from any discussion.

Just think on how internet was also debated during 90's and people are very skeptic to it. And now, what's with internet today? biggest businesses needed it as their primary weapon to keep on operating.

Just like what people think with bitcoin nowadays.