Topic: Can bitcoin be worthless? (Read 2809 times)
very true if hyperinflation is the reason why Bitcoin doesn't mean later. but we also have to see how hard the world economy has been since the existence of countries and the constitution was formed, while bitcoin is in the middle. I think Bitcoin must also be prepared to face these challenges.
As I see now bitcoin wins more and more hearts and territories. Nearly future for the currency is definitely positive.
About far future we may only guess and I stay it for fantasts.
There's so many companies now who accept bitcoin, its growing and I don't see any reason for bitcoin to be worthless. I see more to follow and the price will become expensive, don't think about dying of bitcoin it can happen in the future but not on our time as we will enjoy a more good market and bitcoin will stay. About far future we may only guess and I stay it for fantasts.
For me its impossible, bitcoin has been present for a couple of years now and it gaining more more popularity - meaning a lot has been educated about bitcoin and a lot countries already accepted bitcoin, some countries South Korean for example, is doing an effort to get bitcoin be known to all people. Being said that, I conclude that bitcoin can never be worthless because I believe no one will never use bitcoin, more coins may arise but bitcoin is bitcoin, it is already proven and tested.
The only way that Bitcoin can become worthless is if there was a fatal exploit of it. Otherwise, the price could never go down to zero, because there will always be people who will buy as much as they can if the price say goes below $100.
No. It is impossibl. Btc will never worthless. Yet btc user increase daily. More Government allow btc for trade and adding btc for remittanc. Many product built up depend on btc. The market cap and supply is praise worth. So i can tell that never btc will worthless.
For sure it is not possible for bitcoin to become worthless because it has so many benefits for us our life is good with bitcoin, it is now so much famous that all over the world bitcoin is being use, some places has accepted bitcoin as legal payment, so I am sure bitcoin is gona have bright future it will never become worthless. Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?
Everything is possible but the question you should be asking to yourself is how likely that outcome really is? And to me the chances of that happening are very low, if there was some fatal flaw in bitcoin you can be sure that governments should have already used it and yet bitcoin is still alive which means there is not such a flaw, also bitcoin cannot be printed at will so it is impossible for bitcoin to die out of hyperinflation.Bitcoin is also not tied to any country so even if a country falls that should not really affect bitcoin at all and when it comes to the competition bitcoin is without a doubt not only the best cryptocurrency of the world but the best currency of all that currently exist in the world so I am not worried about bitcoin disappearing or becoming worthless.
Bitcoin won't be worthless in the near future. Bitcoin is already accepted as a payment method by leading companies as well some government agencies. Since there is a limited supply of Bitcoin available, price won't be worthless. Personally, I believe that the only reason its price can go down in the future will be rise of new cryptocurrencies with better technology, capabilities and decentralization. Imagine if altcoins such as Ethereum, XRP, NEO, TRON are not existing now, Bitcoin could have a higher price than it's current price in my opinion.
As I see now bitcoin wins more and more hearts and territories. Nearly future for the currency is definitely positive.
About far future we may only guess and I stay it for fantasts.
About far future we may only guess and I stay it for fantasts.
In theory is possible but in practice I don't think this is going to happen. There is always possibility that some new coin and new more advanced technology appears that could ruin the value of Bitcoin but I don't think this is going to happen, at least not in near future. Exactly because of the fact that Bitcoin is the first, the most valuable and the most successful coin I think it will always survive and keep at least something of the value.
As long people are thriving to a cashless society the bitcoin will never be worthless. Many things are being convenient because of bitcoin and other digital currencies and as the time goes by, most of the market will prefer on more digital way. Bitcoin is the pioneer of digital currencies so as a primary foundation it won't easily be worthless.
No. It is impossibl. Btc will never worthless. Yet btc user increase daily. More Government allow btc for trade and adding btc for remittanc. Many product built up depend on btc. The market cap and supply is praise worth. So i can tell that never btc will worthless.
Bitcoin is a currency that it has great value and also good price. It is the king in the crypto market and that's why it will survive for long run. Besides, it is not centralized currency. For this reason, the demand of the bitcoin will grow up day by day.
It seems like nothing is possible to happen on its own in this world, especially with bitcoin. but as long as there are still many who need to be a little too apathetic about this reality.
This is possible, no doubt, a lot of thing can happen, if people think BTC don`t worth 1 dollar, so BTC will not worth...
But this is very unlikely, because let's say BTC loose all value, some people will continue to buy believing that in the future the coin will have some value again...
But this is very unlikely, because let's say BTC loose all value, some people will continue to buy believing that in the future the coin will have some value again...
Bitcoin actually grew from nothing to becoming something over a decade now due to the agreement of the crypto community and the fact that they agreeing to use bitcoin as a medium of exchange for goods and services. However it would be really difficult to think that bitcoin can ever become worthless looking at its marketcap and the number of investors who are into investing into bitcoin. Actually let's hope it does not become worthless someday.
Yeah for me as well it is not possible because crypto currency is getting powerful day by day and it is gaining more value, I think with time bitcoin will become more worthy and valuable, we can see in 2019 digital currency has importance not only as currency but as an asset as well, in coming few ages we will see bitcoin having more value and popularity.
No. It is impossible. Bitcoin is used by whole over the world. Billions dollars is invest in this currency. If it is worthless , many trader bankrupt. Besides btc use now various platform. Every day increase bitcoin user.
Nevertheless, it is possible, see how low the price of bitcoin can fall, it is not fixed and is in constant motion. If all Bitcoin holders decide to get rid of it - everything will collapse.
Probably yes, everything will be diminished if all the supports will be move out, this coin will be totally forgotten and die as it's always be depends
from the end users, we are the life of this industry, if all decided to change up then nothing left behind but a downfall that will lead to its natural
death and everything will be worthless.
It could happen only on the condition that no country accepts it and make it ban in their respective country. So this will discourage the people to use it and hardly anyone would be using which will make this coin worthless on a greater extent.
You are right above that. Bitcoin will become worthless unless in specific countries does not use it. But in reality many countries are open minded about the usage of bitcoin and few people does not know about it. So its impossible in bitcoin to become useless.
No. It is impossible. Bitcoin is used by whole over the world. Billions dollars is invest in this currency. If it is worthless , many trader bankrupt. Besides btc use now various platform. Every day increase bitcoin user.
Nevertheless, it is possible, see how low the price of bitcoin can fall, it is not fixed and is in constant motion. If all Bitcoin holders decide to get rid of it - everything will collapse.
I believe the value of bitcoin is gradually increasing, so there is no point of it getting failed in near future. As it has more advantages than disadvantages compared to traditional currency, so it has been fast adopted all over the world.
to see prices soar, don't just talk about the near term. except with trading we can generate profits in the near term. even though the risk is greater. with the trust of the entire community, I think bitcoin will become feasible later
I do not think that this will happen. In order for Bitcoin to be useless, you need to make all people on the planet stop believing in Bitcoin. And this is very difficult to do because many are already hooked on crypto. )
Jump to: