Bitcoin can disappear? - page 27. | Bitcointalksearch.org

JumperX

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Quote from: NetFreak199 on August 20, 2016, 03:59:02 AM

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?

If bitcoin will disappear many people will get lost, and the trust of people who support it will gone, actually a chance it will happen is smaller . And hope if it will truly happened other investor will shift to other altcoin currency.

The chances of bitcoin getting disappeared are very rare, in fact it will be used by many more people in future and it will be more powerful as a currency holding higher value in future.

NetFreak199

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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?

If bitcoin will disappear many people will get lost, and the trust of people who support it will gone, actually a chance it will happen is smaller . And hope if it will truly happened other investor will shift to other altcoin currency.

BossMacko

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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?

Bitcoin can disappear? no, Its been proven for many years now. When Bitcoin started, only few people knew about it but still Bitcoin price grew a lot with those few people. Now Bitcoin are used by many people with the current Bitcoin users the probability of Bitcoin disappearing is low. Because the more people use a product the more the product will last for a long time.

dmarine

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I don't think so, unless some global catastrophe turn down the internet, something unlikely to happen.

arwin100

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Quote from: Imoote on August 20, 2016, 03:36:01 AM

Quote from: SirLancelot on August 20, 2016, 02:58:33 AM

Quote from: CasioK on August 16, 2016, 07:02:46 AM

Quote from: Natlind on August 11, 2016, 07:59:22 AM

It may not as many are joining this forum every day.. This is the sign of bitcoins growth. Its benefits are enough to draw many inside...

You are right. The fast-growing bitcoin community is the biggest living proof that bitcoin will not disappear anytime in near future. Basically, it would be too impossible for the total community for choosing a wrong thing. Large amount of people cannot do same mistake like adopting bitcoins.

Yes, the adoption rate of bitcoin is increasing every day and more number of people are coming into this forum to learn / get familiar with bitcoin ecosystem. As long as new people are adopting bitcoin then there will not be any worry about the concern of this bitcoin will disappear or any other things similar to that.

True bitcoin adoption continues to increase and its users is also increasing. So that bitcoin will continue to grow and will not disappear. I believe bitcoin will press on to be the best crypto.

It will not disappear surely since bitcoin got more adoption and fame to public nor to the people who didn't know that it ia existing so thats why if this adoption will continue bitcoin would remain as its finest but what if theres something bad happen like war or sudden no internet connection around the globe? Well provably the circulation will stop if the said situition will occur.

Imoote

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Quote from: SirLancelot on August 20, 2016, 02:58:33 AM

Quote from: CasioK on August 16, 2016, 07:02:46 AM

Quote from: Natlind on August 11, 2016, 07:59:22 AM

It may not as many are joining this forum every day.. This is the sign of bitcoins growth. Its benefits are enough to draw many inside...

You are right. The fast-growing bitcoin community is the biggest living proof that bitcoin will not disappear anytime in near future. Basically, it would be too impossible for the total community for choosing a wrong thing. Large amount of people cannot do same mistake like adopting bitcoins.

Yes, the adoption rate of bitcoin is increasing every day and more number of people are coming into this forum to learn / get familiar with bitcoin ecosystem. As long as new people are adopting bitcoin then there will not be any worry about the concern of this bitcoin will disappear or any other things similar to that.

True bitcoin adoption continues to increase and its users is also increasing. So that bitcoin will continue to grow and will not disappear. I believe bitcoin will press on to be the best crypto.

SirLancelot

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Quote from: CasioK on August 16, 2016, 07:02:46 AM

Quote from: Natlind on August 11, 2016, 07:59:22 AM

It may not as many are joining this forum every day.. This is the sign of bitcoins growth. Its benefits are enough to draw many inside...

You are right. The fast-growing bitcoin community is the biggest living proof that bitcoin will not disappear anytime in near future. Basically, it would be too impossible for the total community for choosing a wrong thing. Large amount of people cannot do same mistake like adopting bitcoins.

Yes, the adoption rate of bitcoin is increasing every day and more number of people are coming into this forum to learn / get familiar with bitcoin ecosystem. As long as new people are adopting bitcoin then there will not be any worry about the concern of this bitcoin will disappear or any other things similar to that.

icecube45

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Quote from: lienfaye on August 20, 2016, 01:34:57 AM

Quote from: machinek20 on August 19, 2016, 08:44:13 PM

Bitcoin cant suddenly disappear, but bitcoin can be no longer available and the being dumped by the user, this is all depend on the user, how the user going to use bitcoin and how often the user spend the coin

Yes if bitcoin disappear it will take time and not suddenly, but we cant predict what is the future of bitcoin and for now as i can see its impossible to happen. the number of users are still growing and many are accepting it.

Bitcoin will disappear if there are no users using bitcoin again. It will make bitcoin die and disappear. But this time I think there are many who use bitcoin as you say. Bitcoin can still grow and I do not think it will disappear if progress.

xdrpx

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Quote from: machinek20 on August 19, 2016, 08:44:13 PM

Bitcoin cant suddenly disappear, but bitcoin can be no longer available and the being dumped by the user, this is all depend on the user, how the user going to use bitcoin and how often the user spend the coin

Loss of bitcoin's can mean that your Bitcoins have disappeared, but not the concept of Bitcoin by itself. Honestly, Bitcoin has grown a lot and for it to become obsolete would not be an easy option. I'm sure it can be replaced by another cyrptocurrency of higher value and may diminish in value by itself, but this may be known to many before hand. Also Bitcoin is an experiment, it working along with Blockchain is a perfectly designed and working system.

prtty2gal2

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Quote from: Fatanut on August 19, 2016, 08:09:31 AM

I think so, but it's highly unlikely that it's almost as if it's impossible. It can happen only if all the data in the Internet gets deleted (at least everything that is related to crypto-currencies). After all, bitcoin is just a digital data that exists solely in the Internet. Even if there are physical bitcoins, those coins would have no value at all if the addresses attached to it gets deleted.

Even if the data gets deleted in the internet, there are still multiple data saved and updated every time from various offline storage devices. Simply downloading full history of blockchain data with Bitcoin Core is already a way to get an offline copy of the network. All the full nodes will have this type of copy of blockchain in local hard disk.

lienfaye

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Quote from: machinek20 on August 19, 2016, 08:44:13 PM

Bitcoin cant suddenly disappear, but bitcoin can be no longer available and the being dumped by the user, this is all depend on the user, how the user going to use bitcoin and how often the user spend the coin

Yes if bitcoin disappear it will take time and not suddenly, but we cant predict what is the future of bitcoin and for now as i can see its impossible to happen. the number of users are still growing and many are accepting it.

carlfebz2

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Quote from: smarky7cd on August 19, 2016, 09:17:07 PM

I'm not fully sure how to interpret your question, but Bitcoin can disappear in a sense. If a wallet is lost, the Bitcoin is essentially lost. It will no longer be part of the active bitcoin economy as it is impossible to use.

He means bitcoin could possibly disappear in a sense its global he mean all bitcoin ecosystem would be gone. Its okay that you misinterpret the OP question, its better to read in the 1st page and understand fully what does he mean so that you would have an idea on what to post in this thread. Thanks

smarky7cd

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I'm not fully sure how to interpret your question, but Bitcoin can disappear in a sense. If a wallet is lost, the Bitcoin is essentially lost. It will no longer be part of the active bitcoin economy as it is impossible to use.

OROBTC

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...

NO ONE knows the future of Bitcoin.

We can make informed speculation about probabilities however. IMO Bitcoin will likely not disappear; I think it is unlikely the Internet will "go down" either, but both of those statements are probability based...

Further into the future, no one knows if there might be some kind of breakthrough in cracking BTC's encryption technologies, or that a superior cryptocurrency might come along.

Also, the "Big Rhino" (.gov) could come along and prohibit BTC from being exchanged a risk that seems to be overlooked by many...

machinek20

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Bitcoin cant suddenly disappear, but bitcoin can be no longer available and the being dumped by the user, this is all depend on the user, how the user going to use bitcoin and how often the user spend the coin

Zadicar

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Quote from: socks435 on August 18, 2016, 01:42:45 PM

Quote from: buyinbtc on August 18, 2016, 01:37:58 PM

Quote from: michelle1845 on August 18, 2016, 01:34:39 AM

Only if the internet to stop working, which is something unlikely to happen.

you are right, basically right now it is pretty impossible for bitcoin to disappear because it is use by a lot of people all around the world

Yeah bitcoin is leaving in internet and if the internet will gone in the future. it can be affect the price of bitcoin or disappear bitcoin in whole over the world.. but its impossible to happen because internet too is growing day by day..

You are right, bitcoin would possibly disappear if theres an internet interuption in whole world for sure it would stop the bitcoin blockchain, those bitcoin holding would be stored in users wallets but its still useless because you cant transact because internet is down and thats important in every digital things in the world.

Vhern

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It can dissapeared if the vast users of bitcoin stop using it and convert their money with the fiat currency yet that is unlikely to happen, cause BTC is an online currency now, it is easily accessible by a person need it and convenient for the most part.

universe_

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Quote from: michelle1845 on August 18, 2016, 01:34:39 AM

Only if the internet to stop working, which is something unlikely to happen.

well basically yeah, it is just impossible for bitcoin to disappear if internet is stable and it does not disappear, thats why bitcoin is so good

Fatanut

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I think so, but it's highly unlikely that it's almost as if it's impossible. It can happen only if all the data in the Internet gets deleted (at least everything that is related to crypto-currencies). After all, bitcoin is just a digital data that exists solely in the Internet. Even if there are physical bitcoins, those coins would have no value at all if the addresses attached to it gets deleted.

umaOuma

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Quote from: Crazygreek on August 18, 2016, 01:53:50 PM

In theory, yes, but on practice we can see that bitcoin just growing everytime and community is increasing, till people using it, bitcoin will not die.

Yes till bitcoin holds good value and people continues to use it, it will never die but if price goes very low in future then there is a possibility that people will stop using it.

Topic: Bitcoin can disappear? - page 27. (Read 34591 times)