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Author Topic: Can bitcoin be worthless?  (Read 2824 times)
Carrelmae10
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April 02, 2019, 07:50:48 AM
 #221

..everything is possible if you have the will to make it real..but for bitcoin,,going to the fact that it will become worthless is impossible because their are a lot of Bitcoin believers trying to make Bitcoin the first class cryptocurrency in the universe..

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Pejoh Asu
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April 02, 2019, 08:27:48 AM
 #222

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.

There are always better discoveries in the future, what we think is good and valuable today may not be valuable tomorrow, in 2000 everyone believes that Nokia or Yahoo can last up to 100 years, but today both look worthless and not competitive.


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BeGoods
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April 02, 2019, 11:51:17 AM
 #223

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
Even government regulations and other rules such as KYC currently do not make users go away? bitcoin still survives until now. I don't think anyone can stop the development of bitcoin at this time, users will get bigger, and that's the key to the future of bitcoin
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April 02, 2019, 11:54:58 AM
 #224

The world is migrating to the digital currency world, Bitcoin is the king  and first it's kind, the long bearish trend for BTC does not connote it being worthless as a currency, BTC is not a ponzi scheme, it is a currency that will revolutionize how fund transaction aught to been done globally.
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April 02, 2019, 01:10:32 PM
 #225

The world is migrating to the digital currency world, Bitcoin is the king  and first it's kind, the long bearish trend for BTC does not connote it being worthless as a currency, BTC is not a ponzi scheme, it is a currency that will revolutionize how fund transaction aught to been done globally.
Fake news arises when Bitcoin arouse over the other forms of investment. This is a kind of competition and so some company owners tried to destroy Bitcoin's reputation by spreading FUD's and making a way that investors won't believe this thing. But they are not successful with their strategies, instead crypto grows more and build strong engagement with the investors. 
Thus, I don't think that Bitcoin will be worthless knowing fact that it have such market value and being valuable today and in the future.
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April 02, 2019, 03:06:33 PM
 #226

actually, if measured by how bitcoin is used today, I think bitcoin can be useless. but, I think at the moment this is still very difficult to imagine, because the development of bitcoin continues to widen, and expand. I think the price of bitcoin will only continue to grow, and is valuable.

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April 02, 2019, 03:27:54 PM
 #227

Yes, bitcoin can be worthless because everything is worthless. Only us people agreed that it has a value. But because we are living in a civilized generation, anything can be worth from $1 to $1M depending on its usage or scarcity. And technology is always a worth of your money just like the expensive phones based on our own taste.
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April 02, 2019, 04:20:34 PM
 #228

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.

It has started to have more value since today it has reached 5k and might grow much stronger in demand and in price in coming time . So people who think it will fall will eventually lose this money making opportunity to build wealth for them self .
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April 02, 2019, 05:02:24 PM
 #229

A few years back, I invested in a crypto called Terracoin. Initially it gave me good returns, but in the end it lost its value and died out completely. IMO, there is no guarantee that such a fate can't happen to Bitcoin.
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April 02, 2019, 05:10:49 PM
 #230

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, that is possible! But I don't think it will happen anytime soon.
I think the opposite is about to happen, bitcoins will slowly become the safe haven, do to the endless Quantitative easing from all the worlds central banks.
Owning gold, land and now also bitcoins will most likely grant you financial freedom, next time we see a market meltdown.
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April 02, 2019, 06:07:33 PM
 #231

Yes, bitcoin can be worthless if the price values becomes too low that people shift away from it, or it other cryptocurrency goes far higher than it, also if many  companies do not invest in it again.  The hyper inflation is still a point if it is general.
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April 02, 2019, 07:07:48 PM
 #232

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?
if anything changes to something but the cryptocurrencies are not like that especially Bitcoin is not going to be a zero value again once it was been a good value in the market it will struggling only not going to end in soon so I think Bitcoin will be developing again and again only.

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April 02, 2019, 07:57:43 PM
 #233

It can be. Everything is possible in this world. Anyway, has anyone ever predicted the existence of cryptocurrency particularly bitcoin 30-20 years ago? If there was, did they ever predict it will be bitcoin and will it ever reach $20k? I doubt there was but it did happened and while others are saying it is impossible bitcoin can be worthless, it is. If people stop selling and buying it, stop trusting and using it then it will be the end of it, or maybe if there will a more better and superior cryptocurrency that will be made in the future just like Yahoo messenger, when other more advance and better messengers came out and beat Yahoo messenger, it did disappear.

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April 02, 2019, 08:06:46 PM
 #234

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?
It is been 10 years and bitcoin has only gotten better. Bitcoin will not fail on technical, political or otherwise ground.it draws its power from those who use it (getting bigger by the day for obvious reasons) and there are detrimental single poin t of failure.If there are technical issues,a common consensus fixes it eventually
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April 02, 2019, 09:15:31 PM
 #235

There was a good increase in price today, but that does not mean it will be tomorrow again. We should always remember that there is a great risk and continue considering this risk.
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April 02, 2019, 10:05:13 PM
 #236

Yop, it could. There are people trying to prove that Bitcoin is worthless and doesn't value anything in the market because they are a fanboy of valueless altcoin that even they didn't know that it couldn't even exist if Bitcoin doesn't stay in the first place. What an idiot.

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April 03, 2019, 03:14:20 PM
 #237

Bitcoin can fail and lose value if all countries impose criminal threats against bitcoin users, so many users feel scared and leave it. The possibility will always be there, but I don't think bitcoin will fail because bitcoin has become the strongest coin, and also not all countries will ban bitcoin.

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April 03, 2019, 08:23:02 PM
 #238

A lot of people have predicted doom for btc on several grounds but what do we see, it always proves them wrong. Btc has gained enough grounds to be worthless now. A lot more people are accepting the idea of btc and for me, it is highly impossible for btc to be worthless

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April 03, 2019, 08:42:50 PM
 #239

actually, if measured by how bitcoin is used today, I think bitcoin can be useless. but, I think at the moment this is still very difficult to imagine, because the development of bitcoin continues to widen, and expand. I think the price of bitcoin will only continue to grow, and is valuable.
Indeed bitcoin is making progress and it is not getting down but rising more and more with time, as more investors are investing and holding it so very soon it will be popular and it will increase the value more than before for me bitcoin is the most worth investing coin and it never disappointed me after investing my money to bitcoin.
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April 04, 2019, 05:06:12 PM
 #240

A lot of people have predicted doom for btc on several grounds but what do we see, it always proves them wrong. Btc has gained enough grounds to be worthless now. A lot more people are accepting the idea of btc and for me, it is highly impossible for btc to be worthless

Yes.. in the past a lot of people had predicted that Bitcoin would die out, or it would get replaced by some other coin. But it has shown remarkable amount of resistance. Even now a lot of people are doubtful about its long-term survival. But I am sure that it will remain alive at least for the next two decades.
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