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.
Topic: Can bitcoin be worthless? - page 23. (Read 2833 times)
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. 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?
In the world we are living into, we all know and aware how hard to strive in. We cannot guarantee anything for sure because there is nothing that we kept in our hands. Everything can be change. But why say that Bitcoin can be worthless. For what I can see, Bitcoin will keep on running even how hard it is to be in the current crypto market. A lots of possibilities may still come up to this community where the King of all the currency still runs it. For Bitcoin, it is not worthless and I know for sure, that you guys know how valuable and how Bitcoin change a lots of lives and keeps helping a lots of people up until now.
for no apparent reason, and as long as I see it in the development of bitcoin, bitcoin will still continue to running
There is no guarantee for the future of bitcoin. Bitcoin may be worthless if there is no demand, but with the growth of current Bitcoin users, the possibility is small.
Its true, the price of bitcoin determined by supply and demand. If no more people want to hold bitcoin, the price could be worthless but i think it wont happen because bitcoin daily transaction growing bigger and every crypto investor want to hold bitcoin
Aside from hodlers and investors there were also traders that buys bitcoin with all of these , we can safely say that bitcoin wont ever be worthless because people find it profitable aside from being usefull for daily transactions ( ex. For paying someone or for buying items online )
However , if there will be another payment method that will be invented better than bitcoin . we dont know if people will switch on it and left bitcoin overtime .
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!
In terms of economic science, there are things that are categorized as valuable if you examine these 2 factors:
1. scarcity and usefulness.
This happens to Bitcoin,
Scarcity means: one thing that is limited in the development of bitcoin that people know there is only a stock of 21 million of bitcoin.
So bitcoin analysts can say that bitcoin can increase its interest compared to other assets,
With the development and advancement of technology also makes bitcoin grow more valuable and valuable, because it is easy in the mine.
1. scarcity and usefulness.
This happens to Bitcoin,
Scarcity means: one thing that is limited in the development of bitcoin that people know there is only a stock of 21 million of bitcoin.
So bitcoin analysts can say that bitcoin can increase its interest compared to other assets,
With the development and advancement of technology also makes bitcoin grow more valuable and valuable, because it is easy in the mine.
There is no guarantee for the future of bitcoin. Bitcoin may be worthless if there is no demand, but with the growth of current Bitcoin users, the possibility is small.
Its true, the price of bitcoin determined by supply and demand. If no more people want to hold bitcoin, the price could be worthless but i think it wont happen because bitcoin daily transaction growing bigger and every crypto investor want to hold bitcoin
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?
if there are still investors who believe in the growth of bitcoin, I don't think it will be possible for bitcoin to become worthless. except, if everyone leaves to invest in bitcoin and switches to other investments that have a good future there is a possibility that the value of bitcoin will be worthless because there are no people investing in it
With more trust from big financial institution, i dont think bitcoin will be worthless. Bitcoin become phenomenon investment instrument and more people invest in bitcoin.
There is no guarantee for the future of bitcoin. Bitcoin may be worthless if there is no demand, but with the growth of current Bitcoin users, the possibility is small.
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 can happen on this world even into those things where we do think on impossible to happen can happen. Bitcoin can possibly be worthless not into those factors you had mentioned but if all people would decide to leave bitcoin and jump into more potential coin which is more better than bitcoin then it would become worthless but talking about political issues and technical failures then its an impossible thing to happen.
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?
if there are still investors who believe in the growth of bitcoin, I don't think it will be possible for bitcoin to become worthless. except, if everyone leaves to invest in bitcoin and switches to other investments that have a good future there is a possibility that the value of bitcoin will be worthless because there are no people investing in it
It depend on the supply and demand.
I hope I answered you exactly. As long as there are people behind it the value of it wont just get to zero.
Remember, it started with just how many people that believed in it.
But now it grown way too far and I dont think it is that easy for all the holders of bitcoin to just let it go.
We are the market of bitcoin, if we can keep it for a longer time then it will be the best choice.
I hope I answered you exactly. As long as there are people behind it the value of it wont just get to zero.
Remember, it started with just how many people that believed in it.
But now it grown way too far and I dont think it is that easy for all the holders of bitcoin to just let it go.
We are the market of bitcoin, if we can keep it for a longer time then it will be the best choice.
In some way I agree your opinion but the possibility of being no value for Bitcoin again will be more difficult and it will not happened in any situation because one you think will getting success it will not go to the previous position again this well same for the Bitcoin also so I trust 100% it will be more valuable than today 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?
If we have worldwide calamities that can disable internet connections or even shut down all gadgets and electronic devices then thats the time bitcoin and other cryptocurrency will be worthless. Other than that, i cant think of any reasons.
So there's no way this could happen. Such a calamity would make millions of people die and you'd be one of the lucky ones to be alive and still have a roof over your head. People wouldn't be worried about not having Internet or access to their bank account. They would be trying to stay alive and keep their families alive.
Bitcoin won't lost its value and becoming dead even calamities arise cause we are not the only one holding this. How do people think that the world would end and vanish everything that's impossible.
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?
If we have worldwide calamities that can disable internet connections or even shut down all gadgets and electronic devices then thats the time bitcoin and other cryptocurrency will be worthless. Other than that, i cant think of any reasons.
So there's no way this could happen. Such a calamity would make millions of people die and you'd be one of the lucky ones to be alive and still have a roof over your head. People wouldn't be worried about not having Internet or access to their bank account. They would be trying to stay alive and keep their families alive.
Literally possible.
If no one is buying bitcoin means there is no demand for it which makes it totally worthless coin.
But the chances of happening 100 billion market to be worthless is 0.001%
If no one is buying bitcoin means there is no demand for it which makes it totally worthless coin.
But the chances of happening 100 billion market to be worthless is 0.001%
Right. You can say it's impossible but it's highly unlikely. People can say all the negative things they want about bitcoin dropping to worthless value but i think these people know by themselves that it's rubbish to really believe it can be worthless.
It can be, The fact that it operates by the need of internet connection. A worldwide shutdown (supposed it happens) then technically its worthless. We can say its virtually there but we can't do anything with it.
We can also consider demand and supply of Bitcoin (If and only it happens) in which Bitcoin was topped or replaced by other options and the demand for Bitcoin is depreciating or started to weaken then there would be a chance that Bitcoin (technically not worthless as there's still value) will be unappreciated, to the point that it's existing but out of the option.
We can also consider demand and supply of Bitcoin (If and only it happens) in which Bitcoin was topped or replaced by other options and the demand for Bitcoin is depreciating or started to weaken then there would be a chance that Bitcoin (technically not worthless as there's still value) will be unappreciated, to the point that it's existing but out of the option.
Can be. If people stop using and buying and selling it then its doom has come but as of now I'm not yet seeing it. May not be as expected right now but behold, there are giant investors out there that are just hiding and hibernating under the gloomy clouds but when the bull starts to run, I bet they will will start making noise like frogs in the first rain of the season.
There will be always some user cases that bitcoin is already established in the transactions in these markets.
One of them (illegal but it is considered a market) is the one that comes from the dark web. I think that there are considerable volumes of buy/sell orders that come from this market and there will always be due to the fact that bitcoin is anonymous. So Bitcoin will never be worthless it can just drop in value if something bad happens in the regulation part.
Can be. If people stop using and buying and selling it then its doom has come but as of now I'm not yet seeing it. May not be as expected right now but behold, there are giant investors out there that are just hiding and hibernating under the gloomy clouds but when the bull starts to run, I bet they will will start making noise like frogs in the first rain of the season.
Literally possible.
If no one is buying bitcoin means there is no demand for it which makes it totally worthless coin.
But the chances of happening 100 billion market to be worthless is 0.001%
If no one is buying bitcoin means there is no demand for it which makes it totally worthless coin.
But the chances of happening 100 billion market to be worthless is 0.001%
Right. You can say it's impossible but it's highly unlikely. People can say all the negative things they want about bitcoin dropping to worthless value but i think these people know by themselves that it's rubbish to really believe it can be worthless.
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