Can bitcoin be worthless?

[ancafe]

Anything can be worthless if no one will recognize their existence even the local paper money that if no one will use it as the people prepared to use the digital transactions then paper money will become useless in which same goes to Bitcoin too that if people will no longer use it then it will become totally worthless.

unfortunately, now there are so many parties who recognize the benefits of bitcoin. well, but we know that some of them also rejected it. this can be worthless when crypto users have used other technological developments for business development on the internet. but, I think it will always be valuable.

[Xising]

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 can, I mean, you don't have to look that far mate. Many altcoins have already had that fate in this market. Before, especially when they were starting up,  they seemed to be on the path of steadily gaining, quite similar to the status of the seasoned coins around the market. But, many of them now are buried in the hundreds of coins competing around the market, with no trace or hope of ever coming back up. There are so many changes that can happen over the course of time, an asset can prosper or even fall down into the depths, thus, that can also happen to Bitcoin, but not at the moment, I guess.

[toast]

As we came see history, Bitcoin was practicaly worthless im 2009, there was no exchanges and no way to change it to fiat money. There is also possibility that it van be worthless in future too.

yes because that year was the year when a new bitcoin was created and not many people knew. but since year after year bitcoin has developed until its price is shocking, maybe at this time bitcoin is being the bottom line which will begin to develop. as long as there are those who use bitcoin it will remain valuable, valuable in the sense that there is a price even if it's small.

[Hamstead]

I don't think so, considering the positive trend of bitcoin nowadays, it is very unlikely that it will become worthless. I think it will only become worthless if no one would like to use bitcoin or don't want it anymore. I guess we'll just have to wait and see for now.

[Akonobea]

I don't think bitcoin can ever become useless because if it is not approved by the world in general it would still attain its value in the crypto community since it is being used to make payments.

[awik p]

As we came see history, Bitcoin was practicaly worthless im 2009, there was no exchanges and no way to change it to fiat money. There is also possibility that it van be worthless in future too.

yes because that year was the year when a new bitcoin was created and not many people knew. but since year after year bitcoin has developed until its price is shocking, maybe at this time bitcoin is being the bottom line which will begin to develop. as long as there are those who use bitcoin it will remain valuable, valuable in the sense that there is a price even if it's small.

of course there will be many people who will follow the trend, by seeing the opportunity that many people will make bitcoin as a source of income. moreover many hope that bitcoin can achieve its dedication as a currency

[calya]

As we came see history, Bitcoin was practicaly worthless im 2009, there was no exchanges and no way to change it to fiat money. There is also possibility that it van be worthless in future too.

yes because that year was the year when a new bitcoin was created and not many people knew. but since year after year bitcoin has developed until its price is shocking, maybe at this time bitcoin is being the bottom line which will begin to develop. as long as there are those who use bitcoin it will remain valuable, valuable in the sense that there is a price even if it's small.

of course there will be many people who will follow the trend, by seeing the opportunity that many people will make bitcoin as a source of income. moreover many hope that bitcoin can achieve its dedication as a currency

bitcoin will not be currency.it just be a payment gateway in the world.legalization and adoption enough to make bitcoin price great again.as currency and replace official currency  its difficult to happen.

[ngusmin]

I think bitcoin will survive even in difficult times, in its journey, bitcoin is always up and down and so many people think bitcoin will be lost, but bitcoin still persists to the present and for the future bitcoin will survive and be valuable.

[Boh manok]

In my opinion, it doesn't seem possible that someday bitcoin will have a price again because all currencies still have prices until anytime, even though the price is not expensive anymore, but if we mention that bitcoin does not have interested people one day it might be because sometimes people judge  bitcoin is not profitable anymore

[Best Dreams]

I don't think bitcoin can ever become useless because if it is not approved by the world in general it would still attain its value in the crypto community since it is being used to make payments.

Of course bitcoin will never become useless because it makes good profit for us and it is important for is in our life. It has long term history that bitcoin always make profit and it gives us so many opportunities to spend our life in profitable way, I am sure in very near bitcoin will become more powerful as fast the price is getting better.

[FlightyPouch]

I think bitcoin will survive even in difficult times, in its journey, bitcoin is always up and down and so many people think bitcoin will be lost, but bitcoin still persists to the present and for the future bitcoin will survive and be valuable.

It will, and it will always persevere. One of the best reaaons is that there are a lot of people supporting this crypto and will never let the price plummet close to zero. The history speaks it, a lot of things happened but Bitcoin continue to surge more and more.

[Pagri]

Even despite all its detractors and the great limitations that bitcoin has had for its global adoption, it has gradually been opening up as a real investment alternative and as an efficient currency within the global financial system. Therefore, once it has positioned itself as an efficient and functional alternative to fiat money, it is almost impossible for it to suddenly stop being valued by its users, because even when new technologies appear in cryptospace, the popularity of bitcoin will be enough to continue retaining great value, even if it is merely symbolic.

[dameh2100]

I don't think so, considering the positive trend of bitcoin nowadays, it is very unlikely that it will become worthless. I think it will only become worthless if no one would like to use bitcoin or don't want it anymore. I guess we'll just have to wait and see for now.

I agree, aside from that, bitcoin can be worthless if all of the country will ban bitcoin and if you use bitcoin, you will be in prison for many years. But it will never happen because bitcoin has potential to change our world to live better place.

[sakokinak]

Bitcoin can become useless only if people stop using it for some reason. In the short term, this seems unlikely, because not all people yet know what a cryptocurrency is. The technology of digital money is convenient, practical, has cheap transfers, therefore the society perceives it positively.

It can be useless at any time. For instance, imagine the situation when you own Bitcoin, but for some reasons, you find yourself in the place where the Internet connection is not available.

[jhonjhon]

Well, I guess it is impossible for bitcoin to be worthless especially now that the adoption of bitcoin is getting bigger everyday. Bitcoin has prove to be the king of cryptocurrency for years now and it has proven it’s worth as well to may people so I think no one will not want it. However, we can’t really tell for the future, we don’t know what the future holds maybe it will become worthless, I guess will just have to enjoy the benefits that bitcoin has given us for now.

[joshy23]

Bitcoin can become useless only if people stop using it for some reason. In the short term, this seems unlikely, because not all people yet know what a cryptocurrency is. The technology of digital money is convenient, practical, has cheap transfers, therefore the society perceives it positively.

It can be useless at any time. For instance, imagine the situation when you own Bitcoin, but for some reasons, you find yourself in the place where the Internet connection is not available.

Exactly, you can't do any transactions if you are in such place where internet is not accessible, same with if you are inside the forest even you have all the
fiat in the world you can't used it in anyhow, if the in the real essence, bitcoin will not be worthless as it's already have a value.

[jambul_kribo]

Bitcoin can become useless only if people stop using it for some reason. In the short term, this seems unlikely, because not all people yet know what a cryptocurrency is. The technology of digital money is convenient, practical, has cheap transfers, therefore the society perceives it positively.

It can be useless at any time. For instance, imagine the situation when you own Bitcoin, but for some reasons, you find yourself in the place where the Internet connection is not available.

Exactly, you can't do any transactions if you are in such place where internet is not accessible, same with if you are inside the forest even you have all the
fiat in the world you can't used it in anyhow, if the in the real essence, bitcoin will not be worthless as it's already have a value.

bitcoin become valuable not only due to its function as currency.but it bring new technology and breakthrough in finance industry.bitcoin bring new concept where anyone could make transaction in more effective ways with less transaction fee.its about new technology in payment gateway.

[roosbit]

If several regulated fiat currencies such as the Zimbabwean dollar or Venezuelan bolizar can be rendered useless, then I obviously think btc can go the same road if say something triggers it and there is panic selling.

But if you think of it bitcoin being worthless at this point its almost impossible because "one man's trash is another man's treasure", so if I choose to sell because it's worthless someone who believes in crypto is patiently waiting to buy the dips which guarantees a healthy price!

[OrangeII]

Bitcoin can become useless only if people stop using it for some reason. In the short term, this seems unlikely, because not all people yet know what a cryptocurrency is. The technology of digital money is convenient, practical, has cheap transfers, therefore the society perceives it positively.

It can be useless at any time. For instance, imagine the situation when you own Bitcoin, but for some reasons, you find yourself in the place where the Internet connection is not available.

It's no use. Virtual money really needs a good internet network and not slow. If there is no network then you cannot do anything with your Bitcoin or other coins.

therefore, crypto usage can only be used in countries / places that have a good internet network. for any reason, bitcoin / crypto can be worthless if you are in such a region. but, as far as I know, crypto is really valuable.

[AjithBtc]

Bitcoin can become useless only if people stop using it for some reason. In the short term, this seems unlikely, because not all people yet know what a cryptocurrency is. The technology of digital money is convenient, practical, has cheap transfers, therefore the society perceives it positively.

It can be useless at any time. For instance, imagine the situation when you own Bitcoin, but for some reasons, you find yourself in the place where the Internet connection is not available.

It's no use. Virtual money really needs a good internet network and not slow. If there is no network then you cannot do anything with your Bitcoin or other coins.

therefore, crypto usage can only be used in countries / places that have a good internet network. for any reason, bitcoin / crypto can be worthless if you are in such a region. but, as far as I know, crypto is really valuable.

Now if you search hard you might find very few remote locations that doesn't have internet connectivity. In this regard there is no possibility for bitcoin to go worthless just because of the Internet connectivity issues. Possibly if there is no usage it might go worthless, but looking upon the market there is continued adoption and usage similar to fiat and on other needs which confirms that bitcoin won't go without any usage.