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Topic: Bitcoin can disappear? (Read 34592 times)

full member
Activity: 154
Merit: 100
October 29, 2016, 01:27:31 AM
how foolish thinking. bitcoin is not controlled by any single person or organization there is no fear of scam because bitcoin is decentralized and only the user have control over one's money. bitcoin is not controlled by any person rather it is controlled by network of computers
hero member
Activity: 574
Merit: 500
Any store can buy, sell, and accept Crypto
October 29, 2016, 12:17:49 AM
Sure bitcoin can disappear. It's just a matter of time. But I think bitcoin wont disappear in the near future since more and more people tend to use it nowadays. Nothing last forever!
I do not understand the essence of bitcoin, if it will be regarded as fraudulent. I agree that it may be misused, but it's probably the only negative of bitcoin.
I do not think that bitcoin have negatif side. If bitcoin was used for illegal thing, it was the users fault. I thing bitcoin would not disappear becouse if bitcoin still have devootee, bitcoin will always needed. Bitcoin was helped so many people and it is very good as investment. So why bitcoin must dissapear??
legendary
Activity: 1680
Merit: 1010
Professional Native Greek Translator (2000+ done)
October 25, 2016, 03:20:31 PM
Bitcoin can disappear?
And if bitcoin is a scam, what will happen in world?
People will panic?

Bitcoin is a consensus network. Even if it fails there will always be some people mining moving the chain forward
sr. member
Activity: 508
Merit: 254
October 25, 2016, 03:08:02 PM
Bitcoin can disappear? I do not think that bitcoin could disappear so easily, because so many users bitcoin is currently .And many stores now use bitcoin as pembayaran.jadi difficult to say bitcoin will be lost
full member
Activity: 189
Merit: 100
October 25, 2016, 02:53:07 PM
yeah i think that bitcoin can be disappear bank because bitcoin giving more good facility than bank and there is no fees if someone want to save their money in bitcoin wallet and bitcoin have do not tax and and i think holding of bitcoin is much more beneficial .
Not all countries, banks want to deal with bitcoin. I do not understand why you can not legally recognize the level of bitcoin currency and allow to perform financial transactions.
Its impossible that banks can be disappear because of bitcoin banks still important for local countries  and bitcoin is for international use and banks are for local use.. for safety of our money..  bitcoin will stay because if there is no banks our bitcoin are useless we can not change it easily..
I believe that the banking system should actively cooperate with bitcoin. After all, it is also for the financial systems of the countries new opportunities. Why do some things get freeze do not understand.
full member
Activity: 204
Merit: 100
October 25, 2016, 01:36:57 PM
Sure bitcoin can disappear. It's just a matter of time. But I think bitcoin wont disappear in the near future since more and more people tend to use it nowadays. Nothing last forever!
I do not understand the essence of bitcoin, if it will be regarded as fraudulent. I agree that it may be misused, but it's probably the only negative of bitcoin.
legendary
Activity: 1904
Merit: 1000
October 25, 2016, 01:12:48 PM
Sure bitcoin can disappear. It's just a matter of time. But I think bitcoin wont disappear in the near future since more and more people tend to use it nowadays. Nothing last forever!
hero member
Activity: 1456
Merit: 624
Maintain Social Distance, Stay safe.
October 25, 2016, 01:11:48 PM
yeah i think that bitcoin can be disappear bank because bitcoin giving more good facility than bank and there is no fees if someone want to save their money in bitcoin wallet and bitcoin have do not tax and and i think holding of bitcoin is much more beneficial .
Not all countries, banks want to deal with bitcoin. I do not understand why you can not legally recognize the level of bitcoin currency and allow to perform financial transactions.
Its impossible that banks can be disappear because of bitcoin banks still important for local countries  and bitcoin is for international use and banks are for local use.. for safety of our money..  bitcoin will stay because if there is no banks our bitcoin are useless we can not change it easily..
sr. member
Activity: 298
Merit: 250
October 25, 2016, 01:02:36 PM
yeah i think that bitcoin can be disappear bank because bitcoin giving more good facility than bank and there is no fees if someone want to save their money in bitcoin wallet and bitcoin have do not tax and and i think holding of bitcoin is much more beneficial .
Not all countries, banks want to deal with bitcoin. I do not understand why you can not legally recognize the level of bitcoin currency and allow to perform financial transactions.
hero member
Activity: 980
Merit: 523
October 25, 2016, 12:41:24 PM
yeah i think that bitcoin can be disappear bank because bitcoin giving more good facility than bank and there is no fees if someone want to save their money in bitcoin wallet and bitcoin have do not tax and and i think holding of bitcoin is much more beneficial .
sr. member
Activity: 284
Merit: 250
October 25, 2016, 12:36:43 PM
Very interesting topic about the fact that cryptocurrency may be the result of fraud. But that's how. If states are beginning to recognize as a currency.
member
Activity: 83
Merit: 10
October 25, 2016, 12:24:02 PM
Bitcoin has never been the result of the scam and so nothing to worry about. Here are just cryptocurrency very close to use for evil purposes, since this lack of opportunities.

Bitcoin will disappear but not this time. are also possibilities that some countries will have thier own cryptos..
sr. member
Activity: 243
Merit: 250
October 25, 2016, 11:52:39 AM
Bitcoin has never been the result of the scam and so nothing to worry about. Here are just cryptocurrency very close to use for evil purposes, since this lack of opportunities.
legendary
Activity: 1232
Merit: 1091
October 25, 2016, 11:42:05 AM
it cant just be a scam after 7 years. only way bitcoin will disappear is if people stop using it. and thats not going to happen instantly. we would see the price drive all the way down to 0 before it dies. plenty of time to cash out.

It's not a scam, but let's pretend it was started as being that. Then it's probably the best ever scam that turns something that was bad initially, in something great that is giving us the financial freedom we all are looking for. And no, in order for Bitcoin to completely vanish, all miners and nodes must be stopped. Or else all the power/internet in the world. As long as that doesn't happen, Bitcoin will continue to take over.
hero member
Activity: 756
Merit: 500
October 25, 2016, 11:15:02 AM
it cant just be a scam after 7 years. only way bitcoin will disappear is if people stop using it. and thats not going to happen instantly. we would see the price drive all the way down to 0 before it dies. plenty of time to cash out.

It really does not give any sense that the people of bitcoin which are millions will suddenly stop using bitcoin or being involved with  bitcoin and if that does not happen it is not possible for bitcoin to disappear just like that.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
October 25, 2016, 11:07:47 AM
Bitcoin can disappear? bitcoin will not be lost, and I do not feel will be lost because bitcoin bitcoin will continue to increase the value and more people are now adopting bitcoin as a source of income, people will continue to believe in bitcoin and in the future you will see bitcoin will evolve in the future.

You talk like you are really sure with what you are saying and without a doubt.
I support bitcoin but not to the extent of thinking it will not diappear.
Of course it can and we should be always ready for that.
sr. member
Activity: 508
Merit: 254
October 25, 2016, 09:28:31 AM
Bitcoin can disappear? bitcoin will not be lost, and I do not feel will be lost because bitcoin bitcoin will continue to increase the value and more people are now adopting bitcoin as a source of income, people will continue to believe in bitcoin and in the future you will see bitcoin will evolve in the future.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
October 25, 2016, 08:42:56 AM
Bitcoin can disappear?
And if bitcoin is a scam, what will happen in world?
People will panic?

It is not a scam and it is the same as gold. What if gold dissapears ? What if noone wants gold anymore ?
these are the same questions. It;s just the format of value that has changed. Now we give value in a digital format since carrying sheep around sucks xP

But seriously before we traded cattle. But who wants to have them go with you everything just to trade ? How would you trade half a cow ?
So we started using things like salt and spices and rare gems and metals so we don't need to keep cattle with us. Then we went on to gold, gold made into coins then coins made from different things. Now we just using digital.

You're right with pointing out that the form of money is also subject to some kind of evolution. However some forms of money (notably precious metals) have proven to be quite stable in their use as a store of value. Even though, gold is not used for direct payment anymore it continues to be a quite reliable store of value.

It's true that Bitcoin is a monetary revolution and has some significant advantages over precious metals. But I doubt it will entirely replace gold as a store of value anytime soon, because Bitcoin bears some different risks that gold is not exposed to: Political influence on software development and associated security risks. On the other hand, gold might become worthless if new resources become available at low costs (think of asteroid mining).

So in my view it's a good decision to diversify and hold both Bitcoin and precious metals.

ya.ya.yo!
Very well said, that was my logic also bitcoin cannot stay forever as it is only created in the network and we do not know how long the network will be stable, bitcoin is good only if you are risking the amount you can afford to lose as it considered a high risk investment, riskier than gold  and other precious metals.
legendary
Activity: 1526
Merit: 1179
October 25, 2016, 08:37:30 AM
it cant just be a scam after 7 years. only way bitcoin will disappear is if people stop using it. and thats not going to happen instantly. we would see the price drive all the way down to 0 before it dies. plenty of time to cash out.

Firstly mostly it won't disappear so easily from the market. But any product not only bitcoins get a very bad news then everyone wants to sell bitcoins and buyers will be very less or sometimes no one wants to buy them until issue settle down. So don't think you will have a lot of time to cash out because you may get very less price compared to your invested amount.
Bad news is just an aspect of the market that allows traders to benefit from massive waves of panic sellers.

I personally don't see it as a bad thing as a lower price opens the doors for people that were waiting for a good moment to enter the market.

What is considered to be a negative happening for one person, it's a welcome opportunity for the other.
legendary
Activity: 1596
Merit: 1011
October 25, 2016, 08:32:26 AM
The bitcoin is already so far I do not think it can disappear if I have to be honest, I think that it only will grow more and more these days but of course we still have to see this.
I have a good feeling about the future of the bitcoin.
all still have time to develop better. the presence of positive action will make bitcoin increasingly powerful in the market. increasingly using bitcoin, it is increasingly making the future of bitcoin be better.
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