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Author Topic: Can bitcoin be worthless?  (Read 2570 times)
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April 22, 2019, 10:26:55 AM
 #381

Although Bitcoin has not received a global adoption, it has got a significant adoption percentage which makes its very difficult to become worthless now. Now there are countries like India, Japan, South Korea etc which have authorized Bitcoin.
Some countries that accept Bitcoin have helped it receive some positive responses from several other countries. If Bitcoin can solve transaction problems when inflation occurs, it will soon be accepted and used as a currency that cannot happen inflation. This will help Bitcoin become worthless soon, and we can build a villa with a bitcoin in the future.
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April 22, 2019, 01:24:26 PM
 #382

At this rate and adoptation, seriously? I don't even think about it. That's too far to happen and nearly impossible. It will never go back in worthless because of widely spread adoptation. Even a 3-digit price is almost impossible to see again the how come it will go back to nothing. Btc has done and survived such scenario already.
although bitcoin price go down again it will never be worthless.bitcoin technology was breakthrough in new payment system.and also its not only about currency but bitcoin technology about effectiveness in every system.and also much institution developt and trying adopted bitcoin.
Bitcoin is the coin which is famous all over the world, people are accepting it, investing into it and saving it for long term than no one is refusing now, long ago people were thinking a little negative but now everyone is accepting it and making investments without even thinking twice, bitcoin is future it can never be worthless.
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April 22, 2019, 02:14:20 PM
 #383

Why would it be worthless in the future? Honestly, I can see a huge possibility that in the coming future, Bitcoin will lead the financial system making the crypto currencies as the medium of payments and different financial transactions.
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April 22, 2019, 02:48:59 PM
 #384

Why would it be worthless in the future? Honestly, I can see a huge possibility that in the coming future, Bitcoin will lead the financial system making the crypto currencies as the medium of payments and different financial transactions.
whatever in the future no one knows whether indeed bitcoin will still be needed or not by the community. because they themselves will later determine. but following the current cycle, people already know a lot and also develop well enough

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April 22, 2019, 03:07:21 PM
 #385

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?
in my opinion it's not possible because now only a lot of people have bitcoin. From the list of crypto money and also bitcoin at the top, maybe the price isn't stable, but there will be continuous improvements to make it better. And if for example bitcoin is not valuable, it will also affect other money to get the impact.
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April 22, 2019, 11:49:20 PM
 #386

It is not worthless unless you manipulate it very well,why we say worthless when it gives a very easy transactions on its fastest way.Those days the price was high  it gives a huge impact, we value it more than we could imagine and if you are bitcoin user you can say that it is very useful and worthful to everyone who are enjoying and have receive a good of it.

 
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April 23, 2019, 12:09:37 AM
 #387

bitcoin grow because gain trust from many people then someday if there is something bad about bitcoin, people will no longer believe in this currency

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April 23, 2019, 03:09:25 AM
 #388

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?
I think with the fluctuations that occur and decentralization in crypto, users will understand the value of crypto, worthless can happen and you already understand that because there is no currency that escapes damage including FIAT which depends on the country's economy.

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April 23, 2019, 03:35:28 AM
 #389

bitcoin grow because gain trust from many people then someday if there is something bad about bitcoin, people will no longer believe in this currency

As long as someone uses it, bitcoin will continue to be valuable, but I'm sure that someday many people will leave bitcoin because there is already a system that is better than bitcoin.

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April 23, 2019, 07:05:07 AM
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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?
I think with the fluctuations that occur and decentralization in crypto, users will understand the value of crypto, worthless can happen and you already understand that because there is no currency that escapes damage including FIAT which depends on the country's economy.
well, the instability that occurs in bitcoin can make that happen. however, the positive developments that occur today are still greater than the negative ones. besides, every day bitcoin users are increasing. of course this has a small chance to occur.

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April 23, 2019, 07:10:30 AM
 #391

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?
No. bitcoin cannot be worthless because it is more valuable than any other cryptocurrencies and other currencies.
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April 23, 2019, 12:44:47 PM
 #392

bitcoin grow because gain trust from many people then someday if there is something bad about bitcoin, people will no longer believe in this currency

As long as someone uses it, bitcoin will continue to be valuable, but I'm sure that someday many people will leave bitcoin because there is already a system that is better than bitcoin.
That's possible but it's not likely to happen in the future.
Even now, there are good coins which are better than bitcoin but it's the people who are choosing to stay and they make bitcoin so dominant.
A classic example is gold, why still people are making it valuable when there are more useful asset than gold.

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April 23, 2019, 01:38:48 PM
 #393

bitcoin grow because gain trust from many people then someday if there is something bad about bitcoin, people will no longer believe in this currency

As long as someone uses it, bitcoin will continue to be valuable, but I'm sure that someday many people will leave bitcoin because there is already a system that is better than bitcoin.
That's possible but it's not likely to happen in the future.
Even now, there are good coins which are better than bitcoin but it's the people who are choosing to stay and they make bitcoin so dominant.
A classic example is gold, why still people are making it valuable when there are more useful asset than gold.
I think this is inseparable from the factor of trust. the more people who believe it will be more influential. we know that everyone recognizes that gold is a valuable item especially since this has happened since ancient times

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April 23, 2019, 03:37:15 PM
 #394

When bitcoin is not used by anyone then it won't have any value but chances of happening is less since already the crypto market reaches Billions in marketcap value.

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April 23, 2019, 04:24:19 PM
 #395

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?
For me as long many people used bitcoin,,bitcoin will survive. I used bitcoin personally to buy load and to pay bills, so I think bitcoin will never worthless. Bitcoin now is popular in many country and have good foundation that never worthless in the future.

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April 23, 2019, 04:35:36 PM
 #396

Yes indeed there is no currency that can be considered very safe from failure, but as long as the market has a large activity, I think failure can be avoided even if the price cannot be stabilized, but it proves that the market does have many interested people who will keep its value. That is what happens to a currency that continues to be valuable and when a currency is worthless, then as much as possible they will increase it again and that is what happens in the crypto market where even though the value falls, there are still many people who hold it and keep for good value.

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April 23, 2019, 04:57:51 PM
 #397

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?
The market can not be predicted, but I do not think the bitcoin value can fall to zero. This can happen if its use is banned or there is a competitive currency. This is not possible, as everyone expects an increase in the price of it. We are optimistic about the future of bitcoin
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April 23, 2019, 09:29:32 PM
 #398

Talking about the possibilities, surely the answer will always be "Yes". someday it will definitely be replaced with something new, not in the near future but surely it will happen. By seeing the amount of legalization/kyc on the market and so on, I think bitcoin is no longer 100% anonymous, starting from here someday there will be a new system/coin that will replace it. this is only talking about a possibility bitcoin is worthless Smiley

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April 24, 2019, 02:13:27 AM
 #399

Impossible Bitcoin will never be worthless the real question you should be asking is wether Fiat currencies will be worthless

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April 24, 2019, 03:03:16 AM
 #400

Impossible Bitcoin will never be worthless

for now yes but in the future ? we'l never know  . there are cryptos out there ( altcoins and erc20 tokens ) most of the coins under this category are are a hell more better than bitcoin in terms of a currency use because they are cheaper  . they also have cheaper transaction and transfer rate is also much faster compare to bitcoin  .  while they can also be used for an asset use  .  but im not hoping that bitcoin will end as im not an anti bitcoin  .


the real question you should be asking is wether Fiat currencies will be worthless

thats a good question you got there meyt .  right not , fiats are now threatend due to the existence of cryptocurrencies  . 
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