Bitcoin can disappear? - page 2. | Bitcointalksearch.org

Capradina

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Quote from: BitcoinPC on October 25, 2016, 08:19:58 AM

Quote from: Daffadile on October 24, 2016, 08:29:57 PM

Quote from: Yipdard on April 05, 2016, 03:01:28 PM

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.

Right, i am agree with you, because bitcoin can die but it can't scam, how can bitcoin scam?
And also bitcoin has been spend along time, and now till bitcoin is safe-sound way, and everyone trust on it.
Secondly, if bitcoin suddenly die, than off course many people who invest on it, they will be panic, and also me, but lose is lose, than off course we will choice other way for investment.

That is certainly true. But I think the bitcoin will not to do so, because the bitcoin lacks an other currency in duplicate. You can see that all exchangers bitcoin is not the same person or company so if bitcoin scam then automatically they will not benefit because all the existing funds does not take over their own (coordination)

BitcoinPC

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Quote from: Daffadile on October 24, 2016, 08:29:57 PM

Quote from: Yipdard on April 05, 2016, 03:01:28 PM

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.

Right, i am agree with you, because bitcoin can die but it can't scam, how can bitcoin scam?
And also bitcoin has been spend along time, and now till bitcoin is safe-sound way, and everyone trust on it.
Secondly, if bitcoin suddenly die, than off course many people who invest on it, they will be panic, and also me, but lose is lose, than off course we will choice other way for investment.

yayayo

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Quote from: Daffadile on October 24, 2016, 08:29:57 PM

Quote from: Yipdard on April 05, 2016, 03:01:28 PM

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!

bitcoinmasterlord

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Quote from: Feetaroni on October 25, 2016, 06:22:40 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.

bitstampclone

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Business with money and technology will always play's a great role in this digital world.
Bitcoin will not disappear until there is a demand for money,business,and technology.
Moreover, its security features will get improve in parallel with technology development

HilbillyFred

sr. member

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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.

Feetaroni

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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.

Positid

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BULL RUN until 2030

Quote from: delliaerd on October 24, 2016, 09:32:01 PM

Quote from: Daffadile on October 24, 2016, 08:29:57 PM

Quote from: Yipdard on April 05, 2016, 03:01:28 PM

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.

Yes I am agree with you. if Bitcoin is a scam, bitcoin was dissapear no longger after it is released. But the fact is bitcoin still life until now. It is proof that bitcoin is not a scam. You are right bitcoin is litle bit same as gold, bitcoin is have no inflation. And also bitcoin was proof that technology is good, nobody can copy bitcoin so its perfect to be virtual currency. So I think if bitcoin still have so much devootee, bitcoin will never be die or dissapear. I realy thrust to bitcoin and I realy sure that the technology of bitcoin can not be destroyed.

If this is scam then the market will not grow, the fact that people are risking their money for this digital currency it will only proved how valuable bitcoins for them, and if they can risk a big amount so we can also do that based on our capacity.

delliaerd

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Quote from: Daffadile on October 24, 2016, 08:29:57 PM

Quote from: Yipdard on April 05, 2016, 03:01:28 PM

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.

Yes I am agree with you. if Bitcoin is a scam, bitcoin was dissapear no longger after it is released. But the fact is bitcoin still life until now. It is proof that bitcoin is not a scam. You are right bitcoin is litle bit same as gold, bitcoin is have no inflation. And also bitcoin was proof that technology is good, nobody can copy bitcoin so its perfect to be virtual currency. So I think if bitcoin still have so much devootee, bitcoin will never be die or dissapear. I realy thrust to bitcoin and I realy sure that the technology of bitcoin can not be destroyed.

Searing

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Clueless!

Quote from: TheCableGuy on October 24, 2016, 08:30:55 PM

This is some of the most crazy thing ive seen lol

If the miners and blockchain continue to be at odds we could find ourselves in a situation like Ethereum...dumb forking action.

Also if Craig Wright really is Satoshi (1 out of 100 chance at best) he and partners are currently patenting all the blockchain tech they can and IF what
he says is true and he is the last of the 3 folk who started BTC and has access to a BTC trust in 2020.

Well once he has access to that (proved) and such he will likely flush 200 -300 million BTC and a big FU to the press
and all who did not believe he was part of such a group that started btc. He seems to have that kinda 'hate you all ' temperment.

Extremely unlikely. But the 2 BOOGIEMAN type of under the bed nightmares that COULD mess up my long term btc plans Sad

TheCableGuy

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This is some of the most crazy thing ive seen lol

Daffadile

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Quote from: Yipdard on April 05, 2016, 03:01:28 PM

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.

stadus

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Quote from: abel1337 on October 24, 2016, 05:45:35 PM

I think bitcoin will not disappear unless bitcoin is banned on your country or It is illegal to use it your country. No one will use bitcoin if it is banned or illegal on your country unless your are a hard headed and you will get into jail

The only thing that would make bitcoin disappear now is when it will be banned by the government, it is not by country to country as normally when one country ban bitcoin it will be ban by other countries as well especially those who have allied, and by declaring it as illegal when using bitcoin, it wll lose the trust and confidence of the people.

abel1337

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I think bitcoin will not disappear unless bitcoin is banned on your country or It is illegal to use it your country. No one will use bitcoin if it is banned or illegal on your country unless your are a hard headed and you will get into jail

Conus

full member

Activity: 236

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I do not think that it would be possible for bitcoin to just disappear. There are to many computers out there running small nodes making it almost impossible for it to just up and quit. I do think that there could be a slowdown, but not a disappearance of bitcoin.

knightkon

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Quote from: Searing on October 24, 2016, 03:36:27 AM

Yep just takes one appropriate sized space rock (Asteroid) of the Dino killing size to hit the Earth..and BTC will be kinda a 'meh...' type forgotten issue real quick

Look at it this way if it all goes 'poof' and beanie baby / tulips / crash to zip....it still will take up less room on a usb drive in your old age when they put you in the nursing home then collecting cats. And boy oh boy ...with just you mining it the difficulty would be great!

I would have to agree with you, but isn't that what is happening right now, with Hillary and Trump being the only options for President!!!! Bitcoin may not survive this!!
No in all seriousness, bitcoin is to large at this point in time to be destroyed. There are to many people who deal with it. It would be like trying to get rid of all the beanie babies of the world!!

mrcash02

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Theoretically, yes. If the internet, technology and computers wouldn't exist anymore, the Bitcoin would disappear. It's almost impossible to happen, so don't worry, you can use Bitcoins without fear, the possible of this happen is very very smaller, so small that can be considered conspiracy theory. Cheesy

Doamader

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Bitcoin its getting mature, it made already 7 years online and will reach soon the 8 year, soo this child wont go anywhere, besides the sucess and take its place that was claimed since the first moments.

ekoice

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Bitcoin willnot disappear. It has crossed its initial stage successfully over the last 7 years.It is being accepted globally nowadays.So need to even imagine that bitcoin will disappear

jonpande

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Bitcoin will never disappear, bitcoin it will last for a long time, Bitcoin advanced technology, and the simple fact that many large banks are interested in it, making abadi.Jadi I do not think that bitcoin could disappear so easily.

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