Can bitcoin be worthless? - page 10.

SirLancelot

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Quote from: Best Dreams on April 14, 2019, 05:24:10 PM

Quote from: ginobitcoiner on April 14, 2019, 01:09:19 AM

yes, bitcoin is very famous now even bitcoin has become the best crypto currency ever. and blockchain technology that is very good and can be applied to all types of fields.
I do not believe that bitcoin can become worthless in the future.

Same here, I don’t think bitcoin will ever become worthless. There are so many people who are investing and who are buying to make profit, crypto currency is gaining more value now so bitcoin is at golden time now a day when more people are agree to buy and save for long term, bitcoin will gain huge place in market very soon.

Yes you're right, the market has gone to far and slowly started recovering as of now, it seems. But, it can still happen assuming the government decides to put an end to it lol. But it's never going to become worthless, the market will growing and of course it will be having the up and down as usual (prices will go up and also drop).

Best Dreams

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Quote from: ginobitcoiner on April 14, 2019, 01:09:19 AM

yes, bitcoin is very famous now even bitcoin has become the best crypto currency ever. and blockchain technology that is very good and can be applied to all types of fields.
I do not believe that bitcoin can become worthless in the future.

Same here, I don’t think bitcoin will ever become worthless. There are so many people who are investing and who are buying to make profit, crypto currency is gaining more value now so bitcoin is at golden time now a day when more people are agree to buy and save for long term, bitcoin will gain huge place in market very soon.

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Quote from: sakokinak on April 13, 2019, 10:53:25 PM

Quote from: IParn on April 13, 2019, 01:00:02 PM

I am sure that Bitcoin will be useful to everyone. Because he is already now so popular that I don’t know a single person who wouldn’t tell me about him. And about the blockchain technology which can be used just everywhere.

It cannot be used everywhere technically. How do you imagine the usage of blockchain in the villages that are placed in the mountains? How can people living in African countries use it?

actually the blockchain can be used in villages near the mountains as well as long as there is an internet signal connected in that area or place. the problem is blockchain until now requires an internet signal to run.

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yes, bitcoin is very famous now even bitcoin has become the best crypto currency ever. and blockchain technology that is very good and can be applied to all types of fields.
I do not believe that bitcoin can become worthless in the future.

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Quote from: Muzika on March 11, 2019, 07:31:17 AM

Quote from: catur_072 on March 11, 2019, 07:01:36 AM

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?

I bring back the question to you, is it possible that bitcoin wont be used by an individual? As long as there are lots of people who will be use bitcoin and other crpyto product it wont be worthless.

But what if the problem is not about bitcoin itself but its network?and that problem cant be solved and only option is to shutdown the project?Would it still be valuable?Theres still alot to consider for bitcoin to be tagged as unbeatable system theres still some flaws behind the network that can destroy bitcoin entirely

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Quote from: IParn on April 13, 2019, 01:00:02 PM

I am sure that Bitcoin will be useful to everyone. Because he is already now so popular that I don’t know a single person who wouldn’t tell me about him. And about the blockchain technology which can be used just everywhere.

It cannot be used everywhere technically. How do you imagine the usage of blockchain in the villages that are placed in the mountains? How can people living in African countries use it?

IParn

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I am sure that Bitcoin will be useful to everyone. Because he is already now so popular that I don’t know a single person who wouldn’t tell me about him. And about the blockchain technology which can be used just everywhere.

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Quote from: catur_072 on March 11, 2019, 07:01:36 AM

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?

Failure is part of every struggle but the thing is can we successfully reach the top in the end?remember that bitcoin is just 10 years old but what is the accomplishment is not usual,hitting almost $20,000 is one big example the this is worth full and will never become worthless lol

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Quote from: Bdstar on April 12, 2019, 03:09:13 PM

Quote from: catur_072 on March 11, 2019, 07:01:36 AM

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?

I don't see any chances of that.Bitcoin has already gained so much popularity and fame which makes bitcoin more worthy.Everyday bitcoin is finding It's new invearors which making bitcoin more stronger.I can't assure you that bitcoin will never die but as far We are seeing that, nobody can complain any faults of bitcoin till now.So, I think bitcoin Won't be worthless near future.

Yes, the technology is steadily becoming a part of our daily lives which we cannot deny and the idea that it could be worthless seems absurd but technically possible. I'd like to think that if one day Bitcoin becomes worthless, then it must have been replaced by a more robust and effective and a full featured cryptocurrency but all in while retaining its original concept of using blockchain technology with significant improvements which for me seems like an evolution that might happen in the future.

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Quote from: catur_072 on March 11, 2019, 07:01:36 AM

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?

I don't see any chances of that.Bitcoin has already gained so much popularity and fame which makes bitcoin more worthy.Everyday bitcoin is finding It's new invearors which making bitcoin more stronger.I can't assure you that bitcoin will never die but as far We are seeing that, nobody can complain any faults of bitcoin till now.So, I think bitcoin Won't be worthless near future.

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Quote from: adzino on April 12, 2019, 08:17:09 AM

One of the prime cause of hyperinflation is due to printing infinite amount of money without proper planning (look at what happened to Zimbabwes currency back then). Well this can be avoided in case of bitcoin since the total number of coins that can be mined is capped and can not be changed. And no, it won't be worthless. As long as we have at least a small community using it, it won't be destroyed.

Absolutely! As time goes by and when most societies have adopted Bitcoin, it will become an integral part of our daily lives that we will come to a point where the we cannot function properly without it. I think that is the one goal of Satoshi that is very feasible in the near future.

CandyIzDelicious

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that's not possible, because now there are so many people who use bitcoin, and blockchain technology has been used by many companies around the world, and because that is not possible if bitcoin is worthless.

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Quote from: usorin on April 12, 2019, 08:41:57 AM

Quote from: catur_072 on March 11, 2019, 07:01:36 AM

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?

There is old technology but worthless yechnology is not the case for bitcoin even if we talk from 100 years from this point.

If the internet network is still usable and useful for everyone maybe this will continue to grow continuously you can feel it with digital technology that controls the world later.

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because bitcoin has not been legalized by the government, so the few points you mentioned will not have a big effect. whereas if you call competition between currencies, bitcoin only competes in "its own market" not with others. so I think in the future bitcoin will be very valuable.

usorin

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Quote from: catur_072 on March 11, 2019, 07:01:36 AM

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?

There is old technology but worthless yechnology is not the case for bitcoin even if we talk from 100 years from this point.

adzino

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One of the prime cause of hyperinflation is due to printing infinite amount of money without proper planning (look at what happened to Zimbabwes currency back then). Well this can be avoided in case of bitcoin since the total number of coins that can be mined is capped and can not be changed. And no, it won't be worthless. As long as we have at least a small community using it, it won't be destroyed.

UNOE

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This is personal

I think that Bitcoin could not be worthless, because there allways will be demand for Bitcoin. Last price for Bitcoin can not be zero, but technically it could be near zero. I do not see Bitcoin under 1k USD ever again.

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Quote from: Rinso on April 12, 2019, 05:07:01 AM

imagine if someday people stop using tech and internet, because when it hapen all cryptocurrency is worthless. simple as that

The internet has been around for decades before it was used by consumers, the only way its not going to exist is either by replacement by something better or perhaps world war 3. There is also the idea of an EMP strike which can occur in nature or via nuclear bomb.
A solar storm the size of which has not occurred for about 150 years I suppose is possible and would knock out alot of electronic infrastructure. This is going to be bearish for every type of industry I think but sure that could either stop BTC or it might even give it a greater purpose somehow if it proved itself more resilient then standard payment systems.
Some machines would still exist, I think the internet would struggle on but slower, rebuilding and difficulty would probably just adjust downwards while BTC recovered some so thats not zero

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Quote from: kamilah147 on April 12, 2019, 03:14:15 AM

Quote from: Naida_BR on March 11, 2019, 07:40:09 AM

Technically I don't think it can be worthless. Bitcoin is created and cannot be undone now as the network has been established.
Bitcoin can be worthless by the time governments would agree that bitcoin is an illegal asset and cannot be transferred between people then it will be immediately worthless. The cutoff between fiat and crypto world needs to be connected otherwise the news will be awful for crypto future.

crypto currencies and crypto markets are created by using advances in technology and for the development of time and technology so that along with these developments crypto currencies and crypto markets will be needed

we don't know whether someday bitcoin will become useless, but as far as i know, the development of bitcoin is so supported by many people especially those who understand technology. I think that this development will continue to exist and be developed into a more appropriate technology in the future.

Rinso

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imagine if someday people stop using tech and internet, because when it hapen all cryptocurrency is worthless. simple as that

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