Topic: Can bitcoin be worthless? - page 22. (Read 2809 times)
if in my opinion it can and at any time while bitcoin still has its users and buyers, the bitcoin will not be able to lose its value but if the user is not there is a possibility that bitcoin can lose its value
In my opinion there is nothing that is impossible in this world including bitcoin, if there are new coins that are better automatically automatically, bitcoin will be eliminated because people will certainly be more interested in new coins. But for now there are still many people who survive even though the price of bitcoin is still down.
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.
It really depends on whether there is a bitcoin killer out there.
At present bitcoin doesn't have any proper rivals. But if you look at how MySpace was riding high and then got taken out by Facebook, it is entirely possible that a genuinely useful coin might displace bitcoin.
The power of bitcoin brings gives out a very important lesson to entrepreneurs: "provided your product/service has real-world value, it will never be valueless in the markets. Even though there are speculators in the markets, there are still a lot of people who actually hold bitcoin as a store of value. Here one thing for sure: for bitcoin to be worthless, a lot of people have to lose money. For example, if miners decide to stop mining today, the network won't work. But the miners would lose a lot of money. The miners spend a lot to keep the network running and they are being rewarded in bitcoins. so, Bitcoin obviously has a lot of value to them.
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?
jes because its basically just a cult
I think Bitcoin can be worthless, but in modern times humans continue to make changes in any way, for example, with the presence of Bitcoin it can make changes in the economic aspects of the world community that uses it.
At first bitcoin has value because of the public trust by using bitcoin transactions and growing until now. "Trust" if it is not already owned, it is quite possible that bitcoin will experience a price decline which also has the potential to have no return value Due to the limitation of 21m, and 20% of this amount being lost in the blockchain, I believe that bitcoin is a rare product and a lot of acceptance, it would be very difficult to be useless, it would have many advantages for those who never get it!
bitcoin was not product, this is ledger technology that provide solution in effectiveness.in blockchain already adopted in any field i am sure it will make bitcoin demand rise alot.people will consider it as breakthrough in digital currency.and as we know ,now much government tested their own blockchain system.and by this event bitcoin and blockchain will be more popular.Yes, I agree with you. We cannot say that bitcoin be worthless because of it still a new technology which not all people knows. I am sure that in the future, all people will realize about this and they don't think that bitcoin will be worthless because with bitcoin, they can get something better and they also get a new type of the investment.
As long people make transaction bitcoin in exchanger, i dont think bitcoin will be worthless. Development in cryptocurrency still in progress and if mass adoption happen, i am believe bitcoin worth to invest and became profitable investment in the future
There is no need for cryptocurrency competitions. Bitcoin will never be worthless as long there are people using and patronizing it. Despite all the failures ( the hyperinflation, political issues, etc.), bitcoin will remain as a useful blockchain technology that makes our life more convenient.
Bitcoin is initially useful for an ordinary person, because you can knock over a bank and not pay large fees for transfers. But which bank will like it, this is where the problems begin.
Bitcoin could be worth if keep investing and have many investor, last three years investor always trust with bitcoin and altcoin investment and give more space for bitcoin could growing up later.
Generally failures are happening in the beginning stage show Bitcoin crosses it along from a long period of time so the value for being worthless will not been possible at any situation for Bitcoin and also some other good cryptocurrencies.
Right.10 years has passed and still bitcoin is still standing firm.If bitcoin was worthless,it might have vanished in the past years but as time goes by,bitcoin was indeed become more useful and beneficial to more people especially if it will adopted by majority in the next years to come.So i really think bitcoin will not become worthless even in the future.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?
Bitcoin will be not worthless as long many people use it and as long the price is not zero. It will not happen because people know that can use bitcoin and many different ways like investments, bounty and so on that bitcoin is indicated. There's some bitcoin wallet that locals use it to make their life easy like paying bills, pay to some merchants. So do you think it's easy to bitcoin to be worthless? 
There would have to be a fundamental break down in either
a) the consensus mechanisms
b) the protocol itself
Which could not be resolved
It is unlikely it would just become worthless given the market advantage it has, the tried and tested security system it possesses based in cryptography - math is the language of truth after all.
The decentralised ledger it allows the world to share
The ability to send value across borders in a permissionless way
These things amongst others give it value
a) the consensus mechanisms
b) the protocol itself
Which could not be resolved
It is unlikely it would just become worthless given the market advantage it has, the tried and tested security system it possesses based in cryptography - math is the language of truth after all.
The decentralised ledger it allows the world to share
The ability to send value across borders in a permissionless way
These things amongst others give it value
Generally failures are happening in the beginning stage show Bitcoin crosses it along from a long period of time so the value for being worthless will not been possible at any situation for Bitcoin and also some other good cryptocurrencies.
Right.10 years has passed and still bitcoin is still standing firm.If bitcoin was worthless,it might have vanished in the past years but as time goes by,bitcoin was indeed become more useful and beneficial to more people especially if it will adopted by majority in the next years to come.So i really think bitcoin will not become worthless even in the future.
Generally failures are happening in the beginning stage show Bitcoin crosses it along from a long period of time so the value for being worthless will not been possible at any situation for Bitcoin and also some other good cryptocurrencies.
I think Bitcoin can be worthless, but in modern times humans continue to make changes in any way, for example, with the presence of Bitcoin it can make changes in the economic aspects of the world community that uses it.
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?
Personally, I don't' think that bitcoin can become worthless, most of the valid reasons but in short, Do you know bitcoin has spend a long time but still alive. During in this period, a huge number of altcoins come and go back and some altcoins lose their reputation. So you can't compare bitcoin with others and we don't think that bitcoin will be worthless.
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Due to the limitation of 21m, and 20% of this amount being lost in the blockchain, I believe that bitcoin is a rare product and a lot of acceptance, it would be very difficult to be useless, it would have many advantages for those who never get it!
bitcoin was not product, this is ledger technology that provide solution in effectiveness.in blockchain already adopted in any field i am sure it will make bitcoin demand rise alot.people will consider it as breakthrough in digital currency.and as we know ,now much government tested their own blockchain system.and by this event bitcoin and blockchain will be more popular.Yes, I agree with you. We cannot say that bitcoin be worthless because of it still a new technology which not all people knows. I am sure that in the future, all people will realize about this and they don't think that bitcoin will be worthless because with bitcoin, they can get something better and they also get a new type of the investment.
Due to the limitation of 21m, and 20% of this amount being lost in the blockchain, I believe that bitcoin is a rare product and a lot of acceptance, it would be very difficult to be useless, it would have many advantages for those who never get it!
Less availability doesn't alone made the bitcoin to be worthy,it has some real usage which creates demand for it causing real value as well.But the limited availability makes the bitcoin more expensive when the demand increased which has positive as well as negative.Positive thing is that bitcoin will attract lot of people to make more money if the price increase but the price increase makes the bitcoin to be used as an investment not as currency. 
Due to the limitation of 21m, and 20% of this amount being lost in the blockchain, I believe that bitcoin is a rare product and a lot of acceptance, it would be very difficult to be useless, it would have many advantages for those who never get it!
bitcoin was not product, this is ledger technology that provide solution in effectiveness.in blockchain already adopted in any field i am sure it will make bitcoin demand rise alot.people will consider it as breakthrough in digital currency.and as we know ,now much government tested their own blockchain system.and by this event bitcoin and blockchain will be more popular.Jump to: