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Topic: Bitcoin destroyed? - page 5. (Read 615 times)

member
Activity: 238
Merit: 10
February 22, 2018, 12:42:11 AM
#15
Bitcoin can destroy with bellow two facts ,

- Government regulation for  restrict the use of bitcoin - totally ban from main countries.
- Some mechanism to break the block-chain technology- 99.999% sure this will impossible  

I highly believe bitcoin could destroy
full member
Activity: 252
Merit: 101
EMMARES – Email as you know it, will never be the
February 22, 2018, 12:38:53 AM
#14
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 Smiley
No it is not possible  that bitcoin going to destroy  so soon.. Bitcoin yes alive and alive and very much awesome  never to be due or destroy
newbie
Activity: 2
Merit: 0
February 22, 2018, 12:31:51 AM
#13
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 Smiley

Only one reason can destroy it. It will happen if US government completely bans bitcoin investments. They will not take such a  decision though in my opinion.
member
Activity: 406
Merit: 10
February 22, 2018, 12:28:32 AM
#12
It is totally impossible matter.now in the world bitcoin is the most famous digital currency.in the world bitcoin popularity is so hlgh.day by day people invest it ,trade it.
full member
Activity: 196
Merit: 102
February 22, 2018, 12:19:38 AM
#11
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 Smiley

the bitcoin digital currency may be destroyed by government rules. This is also due to the anonymous nature of bitcoin transactions.
sr. member
Activity: 504
Merit: 252
February 22, 2018, 12:16:22 AM
#10
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 Smiley

All right, so let me answer your question one by one. First, yes, Bitcoin could be destroyed. But let me be very clear about it. The only thing that could destroy Bitcoin is the people itself and nothing else. That is the only very vital factor here. For your third question, the best thing that we can do to prevent this is to continue buying, using, and hodling Bitcoin. And we also have to continue spreading the word about Bitcoin so that others may also see the great benefits they can have from it.
hero member
Activity: 850
Merit: 504
February 22, 2018, 12:08:52 AM
#9
In my opinion, Bitcoin cannot be destroyed unless it will be sent to a wallet where no one can access the private keys similar to coin burn. Destroying bitcoins means an upsurge on bitcoin that is left, it will have  price spike since the small the supply, the higher the price. Even though it is totally ban by a country, there is still a way to use it underground as long  as there is internet. Its hard to  "destroy" it.
member
Activity: 224
Merit: 19
February 21, 2018, 10:45:04 PM
#8
There is no possibility that bitcoin will be destroyed in the sense that many people using btc will not allow that to happen, Why? because with bitcoin you can earn great profit within a limited time. It would be much greater if it will be invested in long term basis and as btc supporter, we don't what this thing to happen.

To destroy Bitcoin as it's form government needs to do extreme measures. What they need to do is to cut off the internet world wide and probably destroy all computers in the world. As long as we have computing power block chain can still be used.

Now if you are saying figuratively then all government in the world needs to totally ban bitcoin. The price will drop tremendously, but technically  crypto users can still use it.

I think there are better chance that I will win the lottery than seeing bitcoin to be destroyed.
member
Activity: 448
Merit: 10
February 21, 2018, 10:39:40 PM
#7
There is no possibility that bitcoin will be destroyed in the sense that many people using btc will not allow that to happen, Why? because with bitcoin you can earn great profit within a limited time. It would be much greater if it will be invested in long term basis and as btc supporter, I personally do not support. My thoughts.
jr. member
Activity: 294
Merit: 1
February 21, 2018, 10:24:22 PM
#6
Bitcoin is unlikely to be destroyed because Bitcoin users are huge. If the government takes action, it may be possible but it will take a lot of time to destroy it. We are hesitant about the Bitcoin demolition of Bitcoin.
member
Activity: 177
Merit: 25
February 21, 2018, 10:15:01 PM
#5
no matter how bitcoin it drops down so it can be said that the bitcoin was destroyed, and Destroying Bitcoin is impossible -- both physically and figuratively.
legendary
Activity: 1666
Merit: 1196
STOP SNITCHIN'
February 21, 2018, 10:01:14 PM
#4
Is it possible to destroy bitcoin?

No.

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.

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.
member
Activity: 200
Merit: 10
February 21, 2018, 09:47:13 PM
#3
There is a chance  that bitcoin could be destroyed if governments make a move to ban it. We should support and never take advantage of it to preserve and protect it. Bitcoin is not recognized as a currency so it is not advisable and recommended by the government.
hero member
Activity: 1316
Merit: 546
Monday Hit Me Every week
February 21, 2018, 09:42:00 PM
#2
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 Smiley

 it is a possibility if Bitcoin is urged by the government so there is a concern for all bitcoin communities in the world. Bitcoin is currently regarded as a commodity market rather than a currency recognized
member
Activity: 246
Merit: 13
February 21, 2018, 09:28:23 PM
#1
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 Smiley
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