What if Bitcoin Fails ?

[oudomopo]

If bitcoin fails, then the whole entire crypto economy will collapse. Almost every crypto is the same as bitcoin. If bitcoin prices go down, then maybe all crypto is soon going to follow and it might impact the World economy and also banks around the world.

[Marvell1]

If bitcoin fails, then the whole entire crypto economy will collapse. Almost every crypto is the same as bitcoin. If bitcoin prices go down, then maybe all crypto is soon going to follow and it might impact the World economy and also banks around the world.

I never thought bitcoin would fail, if bitcoin fails it's possible that the crypto industry will be gone. Bitcoin is more and more widely accepted and used. The war between Russia and Ukraine is showing the importance of bitcoin in the future, but if bitcoin dies now, I think it will not affect the world economy and especially the banks. we all know banks are barely interested in bitcoin because it hurts their position.

[FlamingFingers]

The chance for bitcoin to fail is very slim, it can never fail, had it been it was built in a structural way to fail, it wont get to this price at instance, the central bank, government and all saboteurs had try in making it fail but to no avail, Blockchain technology is being adopted by lots of countries, bitcoin is here to stay

[kaya11]

9 )  If Bitcoin fails, We Will Own Nothing

https://twitter.com/max_gagliardi/status/1485308690035056647?t=-vF-9ZE_FRxdIJD2u2rdng&s=19

Oh this is misleading. I have my assets before bitcoin had come. They are valuable even the govern and the economy fails.
We don't solely rely on Bitcoin in our ever daily life. We continue even if it fails.

[sumant]

Bitcoin is now most popular and holded cryptocurrency which prices has increased so many times I can't calculate. There is not chances of bitcoin fail but acceptance of bitcoin by country or government is a mystery question for whole world. How can we take bitcoin as payment mode with controling of transactions. if bitcoin fails then people will get losses who buying and holding at high prices. Holders of bitcoins will sold their assets and it will become 0.

[FairUser]

...If you value freedom, transparency, and truth, then you should want Bitcoin to succeed
If you value oppression, censorship, and corruption, then you should want Bitcoin to fail

Understanding this, do you also know what you need to do with it? Maybe we can't exist between good and bad in this life. The choice is personal, and sometimes they are guided in the right direction by larger forces. But anyway, the market has a completely different face now than before. Many people are starting to really realize its benefits in life, so honestly, I have never thought of BTC as a failure since then. I started in this field because my belief tells me people always know what's good for them.

[e_abrams]

I do not think Bitcoin would fail. It is already massively popular. Millions of people all over the world are using it every day, to trade and to make purchases. El Salvador made it a legal tender and Panama, I believe, may do so as well sooner or later. With that kind of popularity, how can it fail? Yes, the crypto industry has problems to begin with, but I firmly believe that they will be cleared out as time goes on and popularity grows even further.

[OgNasty]

Everything fails...  It is a matter of when, not if.  I think Bitcoin has some gas left in the tank before it's demise.  Maybe as much as a couple decades.  It won't last forever though.  Just like the dollar or any other currency that came before it.  There's a chance we'll all be dead before that demise, so it probably doesn't matter much what our opinions are on the subject.  I would hesitate to time lock coins for a hundred years to secure your family a spot amongst the wealthiest.  A lot can change over time.  I'm sure Bitcoin isn't the end all for currency advancement, but for now it's the best looking horse at the show.

[Ale88]

3) If Bitcoin Fails, Big Government Wins

I can't say this because many big governments like USA, EU and many countries in Afrca support bitcoin, many governments do not accept bitcoin but accept their citizens to trade it, but anyone trading bitcoin in such country is on its own, but allowed. Only few countries banned cryptocurrencies totally, countries like China.

Bitcoin can not fail, especially not because of fiat that bitcoin will fail because fiat held today will have less value tomorrow and the more times passes, the more fiat are worthless.

Most countries in Africa don't permit Bitcoin transaction down till this moment, not even United States and most European countries.
Bitcoin has come to solve problems fiat hasn't not to compete with fiat, the rapid adoption of Bitcoin fiat will loss it's value gradually.

"don't permit Bitcoin transaction"? Including the US and European countries? I'm sorry but what are you saying? In certain US states you can even pay taxes using bitcoin, and in Europe there are several crypto-friendly banks and physical places where you can buy and pay directly in cryptos.

[BlackHatCoiner]

Everything fails...  It is a matter of when, not if.  I think Bitcoin has some gas left in the tank before it's demise.  Maybe as much as a couple decades.

It depends on how you understand failure. Has it solved the problems it promised it would? Then, it succeeded. Period. From now on I don't know if it'll continue gaining market appreciation, but as far as I can tell, there are merchants who accept it and people who pay with it and get their paycheck in it.

It can't be stopped. Now, will the people suddenly stop evaluating it that much for X, Y, Z reason? Probably, there will be Bitcoin crisis' in the future, but not "failures". Gold also had such crisis'; did it "fail"?

[_act_]

3) If Bitcoin Fails, Big Government Wins

I can't say this because many big governments like USA, EU and many countries in Afrca support bitcoin, many governments do not accept bitcoin but accept their citizens to trade it, but anyone trading bitcoin in such country is on its own, but allowed. Only few countries banned cryptocurrencies totally, countries like China.

Bitcoin can not fail, especially not because of fiat that bitcoin will fail because fiat held today will have less value tomorrow and the more times passes, the more fiat are worthless.

Most countries in Africa don't permit Bitcoin transaction down till this moment, not even United States and most European countries.
Bitcoin has come to solve problems fiat hasn't not to compete with fiat, the rapid adoption of Bitcoin fiat will loss it's value gradually.

"don't permit Bitcoin transaction"? Including the US and European countries? I'm sorry but what are you saying? In certain US states you can even pay taxes using bitcoin, and in Europe there are several crypto-friendly banks and physical places where you can buy and pay directly in cryptos.

That is definitely a lie, only few countries is bitcoin banned in Africa, North Africa are most hostile to cryptocurrencies as four countries in north Africa totally banned cryptocurrencies. While the west, east, central and south Africans are not hostile to the use of bitcoin. Some countries only implicitly banned bitcoin in a way the government still allow the citizens to use it just like Nigeria in West Africa, but only in p2p transactions, not direct bank transactions.

[jostorres]

9 )  If Bitcoin fails, We Will Own Nothing

https://twitter.com/max_gagliardi/status/1485308690035056647?t=-vF-9ZE_FRxdIJD2u2rdng&s=19

Oh this is misleading. I have my assets before bitcoin had come. They are valuable even the govern and the economy fails.
We don't solely rely on Bitcoin in our ever daily life. We continue even if it fails.

I think what he means there, is only bitcoin because obviously when bitcoin are gone we still have other assets or payment methods that can function the same as btc although they may not be as decentralized and anonymous as btc. It will be hard for someone to continue without btc because they rely too much on those features.

What assets do you have anyway? and why can you say that even the government and economic issues won't affect it? I can't believe that there are assets like that. They are are mightier than bitcoins then, because even the bitcoin itself can also get affected whenever there are serious issues happening around.

[GeorgeJohn]

The chance for bitcoin to fail is very slim, it can never fail, had it been it was built in a structural way to fail, it wont get to this price at instance, the central bank, government and all saboteurs had try in making it fail but to no avail, Blockchain technology is being adopted by lots of countries, bitcoin is here to stay

actually government has set up diver's strategies to eliminate the existence of Bitcoin from the onset but that agenda or target wasn't come to accomplish, the only way Bitcoin can fall or been eradicated through the authority of government, but base on the nature of investment into bitcoin recently or since three years now, nobody can terminates it circulations

[Vaskiy]

Before the question, what if Bitcoin fails there is a need for a question will internet fail. With the world each and everything is connected to internet and happening through the internet. Once after the pandemic even the people who doesn't have much knowledge to use internet services have begun to make use of internet.

As few users said everything used to fail, but when and why it happens need to be noted. Here if bitcoin wanna fail, then this will happen because of failure of internet. According to the stats internet services were getting updated with advancing technology which means the chance of bitcoin to fail is very narrow.

[GiftedMAN]

Before the question, what if Bitcoin fails there is a need for a question will internet fail. With the world each and everything is connected to internet and happening through the internet. Once after the pandemic even the people who doesn't have much knowledge to use internet services have begun to make use of internet.

As few users said everything used to fail, but when and why it happens need to be noted. Here if bitcoin wanna fail, then this will happen because of failure of internet. According to the stats internet services were getting updated with advancing technology which means the chance of bitcoin to fail is very narrow.

I agree with the point you made here, internet services are updated, bitcoin can not work without the Internet so long as the Internet won't fail, bitcoin can not fail.

[wozzek23]

Before the question, what if Bitcoin fails there is a need for a question will internet fail. With the world each and everything is connected to internet and happening through the internet. Once after the pandemic even the people who doesn't have much knowledge to use internet services have begun to make use of internet.

Yes, that is a very good question. And we all know very well that the Internet is never going to fail, the Internet is always there and it is part of our advancement. In our world today all of us are relying on the Internet for several things. Assuming that the Internet should go down around the world for a day, trust me there are so many things that would be disrupted.

There are so many things that we do on a daily which requires the Internet and the last thing that you would ever want to see is the Internet going down for any reason.

And we all know for sure that that will never happen. And as for Bitcoin, we all know that it is never going to end. Even if the government will ban it, people are still going to continue making use of bitcoin because it is decentralized and there are platforms that support that.

[jaberwock]

Before the question, what if Bitcoin fails there is a need for a question will internet fail. With the world each and everything is connected to internet and happening through the internet. Once after the pandemic even the people who doesn't have much knowledge to use internet services have begun to make use of internet.

What makes you think that cryptocurrency will end if USDT should have a problem? If you choose to make use of USDT that is your choice, there are so many other stable coins out there that you can make use of, we have binance USD, and also DAI, and so many others out there, so if you choose to make use of USDT is a choice that you have made for yourself.

And if USDT should have a problem in the future, it is only going to affect those that are making use of it, and wouldn’t affect people who are making use of other stable coins in the market. And by the way what investors would do is just to switch over to making use of another stable coin, the people that will mostly be affected are those investors that do not have much money to spare in the market.

[duncan-dune]

1/ If Bitcoin fails, Privacy Fails
2)  If Bitcoin fails, Censorship Wins
3) If Bitcoin Fails, Big Government Wins
4)  If Bitcoin fails, Central Banks Win
5) If Bitcoin fails, Free Speech fails
6) If Bitcoin fails, Objective Truth is Lost
7) If Bitcoin fails, The Energy Transition Fails
8 )  If Bitcoin fails, Capitalism Fails
9 )  If Bitcoin fails, We Will Own Nothing
10 ) Bitcoin is too important to fail

All are said right! The financial system of this world needs Bitcoin to survive. Bitcoin has helped numerous businesses survive amid COVID-19 Pandemic. It continues to help the world and will protect you from financial centralization and irrational control made by central banks.

[noormcs5]

If bitcoin fails, then the whole entire crypto economy will collapse. Almost every crypto is the same as bitcoin. If bitcoin prices go down, then maybe all crypto is soon going to follow and it might impact the World economy and also banks around the world.

Bitcoin has not failed for over a decade , why do we think it will fail now or future ? I think Bitcoin will never fail and we should not be very about it.

However if this happens it will be the end of cryptocurrency era. No altcoins can survive when bitcoin dumps, Imagine the altcoins will be dead if bitcoin fails for any reason.

[Rockstarguy]

If Bitcoin fails,  honestly their wont be any privacy.  Recently a former  Ukraine politicians wife was caught with $28million in a neighbouring country,  it would  have been easy for her if she had converted the money to Bitcoin and no one would know if she has any money with her. This is what will happen if Bitcoin fails, it will be a nightmare to carry  huge amounts of money out because of some agent  thar we may come across.