Can bitcoin be worthless?

[STT]

I personally am not so sure about the bitcoin situation that will no longer be valuable because the state of bitcoin is declining continuously

Price is not state, the prospects and underlying blockchain network is not dictated purely by the price and headline interest.    All the while price goes up or down they must successfully develop the protocol and bring the situation forward.   Even if price was going up, if the proper advancement was not occurring it would not be bullish outside of that headline figure.    

So what I'm trying to say is I believe Bitcoin is more then skin deep.    I certainly dont expect it to have lasted this long if it were only driven by exchanges and centralised dealers, BTC has surpassed and surprised so many people.   Even the people most negative on Bitcoin have gained at least some respect for its durability and ability to propagate around the world and provide some utility.

Theres always an argument for competition but to be worthless I think would have come back to day one and the base protocol for BTC and was there a flaw or not.    Of course we had doubts and passed them but its not impossible a problem lies unknown still.   The only scenario for worthless is if they could not patch a major vulnerability or failure, nothing is impossible but its been ten years so far so good

[Janation]

Bitcoin can be worthless if many peoples use bitcoin as investment only, as you said if pump come and suddenly we will see dump, just it. So as there will be many investors who tire to this situation and they will give an opinion investing in bitcoin is not the best place, so they will move and look for another place that can give them at least a convenience although have many risks. But if we promote bitcoin and tell to anyone to use bitcoin as payment system until many merchants who try to accept bitcoin and then we will see another steps to makes bitcoin price recover, also we can see many peoples who use bitcoin as payment system till the government will have a think to accept bitcoin. I guess those ways will never make bitcoin go to be worthless.

What? How can it be worthless?

You have a point but you know that we are in this kind of journey for almost 10 years now right? If investors are quickly getting tired of this situation I guess they should've already stopped investing in Bitcoin. And yes, if this continues and price dump, people will be thinking negatively but the good thing about that is that most of the investors will take that as an advantage to invest again and that will be having a positive change into the price. A lot of people are saying they will promote Bitcoin but I don't think that is happening IRL.

[TelolettOm]

Of course, in my opinion bitcoin will not be valuable anymore it is very likely to happen because indeed later on it will be its own market if it does not have a sense of trust in bitcoin then it will also stop investing

[cabalism13]

Of course, in my opinion bitcoin will not be valuable anymore it is very likely to happen because indeed later on it will be its own market if it does not have a sense of trust in bitcoin then it will also stop investing

Didn't get the point here. I think "The Point" left the conversation after it was posted
What I'm only getting is the guy is not convinced with crypto and soon be worthless like it has never existed.

[Xampeuu]

Of course, in my opinion bitcoin will not be valuable anymore it is very likely to happen because indeed later on it will be its own market if it does not have a sense of trust in bitcoin then it will also stop investing

Didn't get the point here. I think "The Point" left the conversation after it was posted
What I'm only getting is the guy is not convinced with crypto and soon be worthless like it has never existed.

maybe he is a beginner who needs a lot of information and views about bitcoin, but by looking at its development over the past 10 years, I think bitcoin will be the belle of the future, and who thinks that digital gold will be true

[slocker]

In the current moment this is not possible. Maybe it this was asked back in 2011 then ok it could be possible, but now its not. Demand for this is huge and we have new coins every day so they technology evolved and as such it will never be worthless.

[Karie_Legend]

the possibility can occur and without anyone knowing if the government prohibits crypto currency from being used or accessed, crypto currency will be lost in that country

Depending on how the government responds to what is happening with the crypto world in that country. There are many things that will happen if a government does not agree with that.

[Dilladupak]

I think everything might also happen. if I think many investors leave the world of krypto, I think krypto is also worthless. But I also believe that crypto will also be more developed in the future. because price movements also increase.

[syamster]

to be worthless it can certainly happen but in a long time the problem is that there are still many bitcoins who use it for income-seeking land such as trade and investment

Indeed there are so many supporters who are investing and trading with crypto currency even if it is low price, bitcoin has good potential to rise and to make money for investors, day by day new investors and trades are joining the market so there is no chance for bitcoin to become worthless, day by day it is being stronger and popular.

Right, It always been supported by so many investors, recent massive investment contributed making bitcoin even more worthy and valuable, great profit making ability of bitcoin makes is unique and valuable among all crypto coins, so for me bitcoin is worth investing and it always will remain the same I am sure market will be fine very soon.

[MonaLeeTracy]

all events can sometimes occur at any time. like now the situation is declining, but if your view of bitcoin is worthless, it can happen. because the development of bitcoin is difficult to predict widely.

[cydrix]

No definitely not. Why? Even Bitcoin loses almost all of it's price there is still some users who lost their private keys and accounts and such leaving the BITCOIN unused and leaving a permanent price that could only fetch for a price.  Also crypto don't die unless no one mines it. Well even if Bitcoin does fall for a low price we can still rise it up in some other time.

[Altero]

Bitcoin can be worthless if nobody uses this and if it will be abandoned in the market. But for now, I don't think so. People are just started to adopt crypto and most specifically for bitcoin as they considered this one as a valuable asset at this time. Its value continue to rises, and therefore we could think that it won't be easily to become worthless coin in the market rather than for some altcoins.

[passwordnow]

No definitely not. Why? Even Bitcoin loses almost all of it's price there is still some users who lost their private keys and accounts and such leaving the BITCOIN unused and leaving a permanent price that could only fetch for a price.  Also crypto don't die unless no one mines it. Well even if Bitcoin does fall for a low price we can still rise it up in some other time.

It's highly unlikely that miners will stop mining bitcoin. The mining farms will never leave this gold off their operations, it's precious to them now and even built large facilities just for the sake of mining. This is real money and they will never invest large amount of money like millions of dollars for those facilities if it wasn't so profitable and has no potential and the bitcoin they bought wasn't even included with that amount. If someone believes that bitcoin can be worthless, I understand that you are not believing with it and the technology it has. Yes, it's possible in the future but not too soon and near.

[karanggatak]

Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?

Yes its possible, if all the countries will move as one and banned cryptocurrency so expect for bitcoin to be useless but since billionaires are already on this market, i believe they will still support cryptocurrency and they will not allow their money to be ruled by the government. We are here also to support cryptocurrency, bitcoin is considered as the king and it can’t be replace by any new coin for now.

yes you are right crypto has been running for 10 years and definitely has millions of investors so it will be very difficult if bitcoin will become worthless. as long as the number of crypto and bitcoin users is still a lot of bitcoin will still be a valuable digital asset. and there will be no new coins that can replace the position of bitcoin. bitcoin is the king in cryptocurrency.

[BennyK]

Everything is possible but the probability for Bitcoin become worthless is very insignificant. Bitcoin has gained the trust of crypto users and investors and is now set as a standard for measurement of value for the crypto market and for some coins (exchange pairing). There are new developments like the Blockstream Satellites and Lighting Network which are yet to reach their full potentials in order to improve the Bitcoin Blockchain - this will boost further the value of Bitcoin on the market.

[Sunyoto]

I think bitcoin will also be more valuable in the future, because seeing the development of krypto technology is also getting better. So I'm sure that in the future, Krypto will also be more valuable.

[breathlessz]

Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?

Yes its possible, if all the countries will move as one and banned cryptocurrency so expect for bitcoin to be useless but since billionaires are already on this market, i believe they will still support cryptocurrency and they will not allow their money to be ruled by the government. We are here also to support cryptocurrency, bitcoin is considered as the king and it can’t be replace by any new coin for now.

yes you are right crypto has been running for 10 years and definitely has millions of investors so it will be very difficult if bitcoin will become worthless. as long as the number of crypto and bitcoin users is still a lot of bitcoin will still be a valuable digital asset. and there will be no new coins that can replace the position of bitcoin. bitcoin is the king in cryptocurrency.

the more crypto users are, the more a good signal for the future. in addition, this will urge the government to give its policies to crypto, so that the country's economy is not disturbed

[navneet kaur]

My answer is a swift & painful drop to zero.

In a MarketWatch column, I wrote last May-June, I thought what it would take for bitcoin to become worthless. Bitcoin is getting close to that point. once Bitcoin’s price falls below its cost of mining, the incentive to mine will deteriorate, thrusting bitcoin into a death spiral. Because the ledger that maintains the records of who owns what — bitcoin is, after all, a set of encrypted numbers that cannot establish the ownership of anything — bitcoin will become worthless.

[Kadal Ijo]

I think bitcoin will also be more valuable in the future, because seeing the development of krypto technology is also getting better. So I'm sure that in the future, Krypto will also be more valuable.

I never thought bitcoin lasted forever even we never know whether bitcoin can last up to 50 years, the most important thing is that we can get the benefits and benefits now of bitcoin.

[gudjhonson]

I don't think that bitcoin will not be valuable, but in my mind that bitcoin will be more valuable than we thought. We will see that bitcoin has a high value and is still an investment that does produce.