Can bitcoin be worthless?

[Hardtolife]

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.

[Ipwich]

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.

[trimulia]

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

[ufaiz50]

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.

[Kadal Ijo]

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.

[OrangeII]

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.

[Ellen Adarna]

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.

[freedomgo]

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.

[Kimonoe]

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

[semobo]

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.

[dongyi17]

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.

[hahay]

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.

[markstivn98]

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

[Landak]

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

[iwhoss]

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

[shesheboy]

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  . 

[MFahad]

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

Fiat and bitcoin both are not going worthless, both have on position. Actually, it is common thing, when bitcoin price is going to down then people think about bitcoin that bitcoin is going worthless. In my view, within few months when bitcoin will take position, then we forget this thing that bitcoin was worthless.

[Vaskiy]

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

That's wrong my friend, if fiat goes worthless automatically bitcoin will also go worthless, because till date we're calculating the value of bitcoin in terms of USD or with the currencies of respective countries. When we start to use mention bitcoin in terms of satoshi you can say fiat will go worthless same as that few country currencies that were stopped from usage.

[syamster]

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.

Yes we are the reason why the bitcoin is being use all over the world we are the reason why bitcoin is ruling over the market and people are so excited about upcoming updates about the price of the bitcoin, it can never become worthless as there are millions of people who are using it on daily bases for investing, trading and for other uses to.

[munareal]

Bitcoin can not be worthless. It is a coin that was less than a dollar when it was created and within 10 years its price was over 20 000 dollars to just one Bitcoin. Is is highly volatile but It can not be worthless. Bitcoin is seeing a massive adaptation as people are seeking refuge in it. Proactive countries are looking into its technology for future use.