Bitcoin destroyed? - page 2. | Bitcointalksearch.org

hridoyb

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Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

Its impossible to destroy bitcoin from online platform because bitcoin use many ways and its most trusted and valuable coin.Most the country try to bitcoin and crypto and they added money laundering case for using bitcoin or other digital currency.Government do not control bitcoin and crypto because its blockchain network nobody cannot hack or access any identity but they reduce bitcoin price .

jrtm

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With my little knowledge i would say it is impossible to destroy Bitcoin, the usage can be reduced or stopped.

Thefrolly

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That's the beauty of Bitcoin even if countries ban it they can't stop it from growing. It is a decentralized currency with no single point of source. Even if some countries ban it other countries are accepting it. There is positive news coming out of China, South Korea, Japan, India, USA and many more countries in regards to laws concerning Cryptocurrencies. So I don't see Bitcoin being destroyed any time soon.

TannerChandler

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Everyone is implying statements which mean two outcomes, they will say that bitcoin is testing the support and we might see a new test this time may be ATL , we are also long term bullish on bitcoin.

The first part means that BTC will be down , second part means that btc will bounce back. whichever parts gets true speculators will come forth and would love to get the appreciation for their prediction.

George Khelashvili

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Quote from: Geljames28 on February 25, 2018, 08:25:09 AM

Well, it would be possible only if the governments in all countries will ban bitcoin. Also if everyone will stop buying bitcoin and will stop using bitcoin. But i don't think it would be happen in the near future, because in many countries bitcoin is accepted, and a lot of people keep using btc and wants to invest.

Yes, but I think this will not happen. I mean "if goverments in all countries will ban bitcoin"

sdas90

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Quote from: squatter on February 21, 2018, 10:01:14 PM

Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

Is it possible to destroy bitcoin?

No.

Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

What are the factors that can destroy it?

Destroying Bitcoin is impossible -- both physically and figuratively.

People could stop using it, and the blockchain would grind to a halt if all miners shut down. But Bitcoin wouldn't be "destroyed." At any time, miners could just pick up where they left off and the blockchain would continue.

Quote from: Jabiii on February 21, 2018, 09:47:13 PM

There is a chance that bitcoin could be destroyed if governments make a move to ban it.

Governments can discourage people from using Bitcoin. That's all.

I agree with you, Really government just doing discourage people from using Bitcoin. nothing more.I think destroying Bitcoin it is totally impossible.

loku123

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It depends on governments, buyers, sellers .

bitcon

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Quote from: bitfocus on February 23, 2018, 02:59:01 AM

Bitcoin will die if only we the mass people choose to drop all the modern tech behind and go back to stone age.

This is the truth. Bitcoin cannot be destroyed in the nearest future as it is supported by millions of people. BTC is gaining popularity even when it is down.

madmat

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The price of bitcoin is so unstable, because everyone is used to counting in dollars! At any time, panic can begin and the price may fall dramatically! But think for yourself, if everything in the world is equated and reckoned in bitcoins, it will be a completely different outcome!

nguyenthicamtu

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Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

I think it's impossible. Because of simple thing, if it is possible to destroy, it haven't had its position like today. And people who are holding a lot of bitcoin all over the world will not let that happens.

Geljames28

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Well, it would be possible only if the governments in all countries will ban bitcoin. Also if everyone will stop buying bitcoin and will stop using bitcoin. But i don't think it would be happen in the near future, because in many countries bitcoin is accepted, and a lot of people keep using btc and wants to invest.

Earthk

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Bitcoin is likely to be destroyed,but very few.Because many people have been associated with Bitcoin in a short time .The government can stop Bitcoin because the government has all the powers.However,it will weaken the financial structure.I am worried about the loss of Bitcoin.

Morjana17

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Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

For me it is hard to destroy bitcoin because it is very stable enough and it can stand alone in the market. Their are people trying to destroy bitcoin but they are failed to do so, because bitcoin has potentials and it contribute biggest achievements to our country and it helps our economics to be in standard.
If it will destroy maybe many people are unemployed again and cannot sustain the needs of their family because many of us rely in bitcoin as way of living.

Semaj123

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Quote from: joshua05 on February 23, 2018, 02:56:57 AM

Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

Bitcoins destruction has been a bothering news years ago, but as we can see, its rate has been continuously growing and growing it has been really successful through out the years and we can tell differences from the passing years. Though we can tell the future we can make it happen that bitcoin can be successful, more successful through the future and coming years.

Some people wanted to destroy btc but always failed with their plan and instead of getting weak it is getting more stronger as we can see on the previous years. It reaches $20k which everyone was surprised and still there are people don't believe its capabilities. And this year, it faces different problems which makes us becoming worried and some are questioning about its disadvantages. Nothing can destroy btc and as long as there are miners btc will stay forever. It maybe goes down but it will never ever gone in the market.

bitfocus

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Bitcoin will die if only we the mass people choose to drop all the modern tech behind and go back to stone age.

joshua05

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Rookie Website developer

Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

Bitcoins destruction has been a bothering news years ago, but as we can see, its rate has been continuously growing and growing it has been really successful through out the years and we can tell differences from the passing years. Though we can tell the future we can make it happen that bitcoin can be successful, more successful through the future and coming years.

Sevarchik

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bitcoin still #1 crypto in market cap and in price. I dont understand how it bestroyed

newguy05

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Someone is sitting in the shade today...

Bitcoin can not be destroyed. It can be hit the prices of bitcoin can be soar a lot but not disappear, there might be several reasons, government policies, technological improvements.

lasry

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Nope. Bitcoint cant be destroyed. The blockchain technology is known to withstand hacks through its advancement.
BUT in other way, I can say bitcoin can drop price SOMEHOW, assume all the investors sold their bitcoins, notice how the price will fall down. That way bitcoin might be destroyed.

Hanablue

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Quote from: Babylon on February 22, 2018, 07:29:18 PM

Quote from: Asusnumbaone on February 21, 2018, 09:28:23 PM

Is it possible to destroy bitcoin?
What are the factors that can destroy it?
How can we prevent this event to occur if this is possible?
Share your thoughts

No, if I ask? bitcoin is very difficult to destroy because it really is really good. Many people want it to end but they are frustrated and just give up. Yes we know that people are strengthening bitcoin. And the man can break it. But in our day now the more bitcoin supports, than the destructive people who want to end it. Hopefully we will continue to support bitcoin and let's not lose it forever.

Yes if it was that easy then it could have been destroyed billions of times by the governments until now.

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