You may know some of ways that will makes bitcoin can be worthless? if you have been know then you can think and make a predict are the these factor really make bitcoin be worthless or not. So far I just know bitcoin can be worthless when all its user leave bitcoin, because you may know the price of bitcoin just depend on supply and demand. However, I though that all its user never have a same think when they decide to sell their bitcoin, I means, they will not do same things (sell or buy) when they get an information that will affect to the movement bitcoin either rise or fall.
The second factor, bitcoin will be worthless if internet go away. Internet is one of the basis bitcoin ran well till now, if there's no internet in 2009 maybe bitcoin will not exist at that time. Then, I really doubt when internet disappeared and cannot be used, therefor this factor will not make bitcoin be worthless. As for political issues or whatever you mention, I don't think it's a threat to make bitcoin be worthless .
Topic: Can bitcoin be worthless? - page 24. (Read 2809 times)
Well I think it is possible but only if there is no one using it anymore,
If there is a crypto that surpass it and Bitcoin has been abandon by the people,
But I think this would be impossible right now.
If there is a crypto that surpass it and Bitcoin has been abandon by the people,
But I think this would be impossible right now.
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.
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%
It is impossible because Bitcoin is worthy especially if you own big amounts of bitcoin. When it comes to "worhtless of bitcoin" it actually depends on the situation like it is priceless and useless but all of those are just a lie. Bitcoin is part of the so called "money". Bitcoin is very useful when it comes to payment method, online banking (if possible) and source of funds for daily expenses or for investing.
As long as bitcoin is used by at least 5-10 persons in this world it will not become worthless because they would pay for it. There are millions of bitcoin users around the world and I don't think there is anything that could stop all of them from using bitcoin. Even if something drastically would happen like governments banning bitcoin I still think there are going to be enough people using bitcoin to maintain some of its value.
It's very possible, when nobody want to used bitcoin again then it will be dead and there wont be any value left, that's why bitcoin need to be keep on updating and develop into a better crypto, there are tight rivalry in crypto because everyone could create coin that perfect according to their category, the value bitcoin and other alt coin lies in the transaction volume
Bitcoin is the leading digital currency that keeps growing each and everyday. Bitcoin can never become worthless, people have invested hugely in bitcoin and there is no way people would allow their investment to go down the drain just like that.
We should always think and be aware that there is no permanent thing in this world we are living into except for change. With the current status of the Bitcoin in the world of crypto currency, we cannot just easily say what will happen to it. But as for me, as a proud Bitcoin crypto user, I have a high positive thinking that Bitcoin could not be worthless. Because as the times goes by, with the era we are in now, the innovation of the different aspects in life always passes the limitations of everything around us.
In terms of the current financial method of every individual, the crypto currency through Bitcoin well lead this into a much better and convenient way of transactions that have the high possibility to serve as the medium of payment methods in the future in contrary to made the Bitcoin to be worthless but rather be one of the most valuable medium.
I agree with you, I think there are many changes that occur during the development of bitcoin. bitcoin seems to be the most interested digital gold and sought after by everyone. although for now the movement of bitcoin is slowing down in terms of prices, but I believe bitcoin will rise again in the future. In terms of the current financial method of every individual, the crypto currency through Bitcoin well lead this into a much better and convenient way of transactions that have the high possibility to serve as the medium of payment methods in the future in contrary to made the Bitcoin to be worthless but rather be one of the most valuable medium.
It can only be worthless if people stops supporting it, simply as that. What I mean is that if people stop buying or trading bitcoin, that's the only time that bitcoin will be gone for good. And even if government around the world will ban bitcoin or the rest of cryptos, I think it will still thrive, maybe underground or maybe in some form of P2P. Currently though, as bitcoin has value and even been seen as store of value and hedge against economic turmoil, there absolutely no way it will be have no value.
Possibly, if in the future no one will support BTC.
Just like other altcoins now that are abandoned by developers and people stop supporting it, they just dump and leave so it became worthless.
Though the possibility is here but I believe that BTC is the strongest currency in the market, so it's hard to make it worthless when in general the market is improving.
Just like other altcoins now that are abandoned by developers and people stop supporting it, they just dump and leave so it became worthless.
Though the possibility is here but I believe that BTC is the strongest currency in the market, so it's hard to make it worthless when in general the market is improving.
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?
but Bitcoin is not like anything the possibility is very very low for Bitcoin to be a zero value currency because the development is different for Bitcoin if need not any other support for development if the demand also decrease the value of reducing a little bit but the future is always depend on the development of Bitcoin only. Bitcoin can be worthless so long as there is an issue either political or economic problems and any currency can be worthless but it all depends on the usage as long as people still use it to carry out transactions then it worth will still be relevant no matter how small it worth can be but not down to zero.
You might be right about that but as i see Bitcoin today it is worth more than that because of its limited supply and that would counter the hyperinflation. Bitcoin is still in a developing process and it has a lot of room for improvements for any upcoming flaws.In the long run, Bitcoin will have more purpose than we think it is today and it will not gonna be like useless in the future.
Bitcoin will be a store of value or digital asset and i think bitcoin will be worth to hold in the future. I dont think bitcoin will be wothless because bitcoin became investment instrument in many country and consider as commodity.
Bitcoin can be worthless so long as there is an issue either political or economic problems and any currency can be worthless but it all depends on the usage as long as people still use it to carry out transactions then it worth will still be relevant no matter how small it worth can be but not down to zero.
You might be right about that but as i see Bitcoin today it is worth more than that because of its limited supply and that would counter the hyperinflation. Bitcoin is still in a developing process and it has a lot of room for improvements for any upcoming flaws.In the long run, Bitcoin will have more purpose than we think it is today and it will not gonna be like useless in the future.
Bitcoin will be a store of value or digital asset and i think bitcoin will be worth to hold in the future. I dont think bitcoin will be wothless because bitcoin became investment instrument in many country and consider as commodity.
You are advertising bounty manager services here and asking if bitcoin can be worthless?
You probably are looking to get paid in bitcoin for services and know the answer to your question already.
You probably are looking to get paid in bitcoin for services and know the answer to your question already.
Fiat currency are different than crypto currency. Strong country is responsible for strength of fiat currency. On crypto market there is no country to stand behind the coins, there are only demand and offers. As long as people are buying, trading, simply using bitcoin it will live. Theoretically if people world wide lose interest for bitcoin on any scale, it can become worthless.
Bitcoin can be worthless so long as there is an issue either political or economic problems and any currency can be worthless but it all depends on the usage as long as people still use it to carry out transactions then it worth will still be relevant no matter how small it worth can be but not down to zero.
You might be right about that but as i see Bitcoin today it is worth more than that because of its limited supply and that would counter the hyperinflation. Bitcoin is still in a developing process and it has a lot of room for improvements for any upcoming flaws.In the long run, Bitcoin will have more purpose than we think it is today and it will not gonna be like useless in the future.
Bitcoin isn't even susceptible to hyperinflation, why? Bitcoin has a limited supply of 21 million BTC not unless it will be forked like what other coins do it won't increase its supply over 21 million. With a limited supply the only way it would be worthless is if the demand for it will go down to zero which as of the moment is highly unlikely. And if you are just thinking that Bitcoin will be worthless because its recent performance then think again. Even though we are in the bear market it doesn't mean that no one is interested in Bitcoin anymore or there is no demand for it, it just simply mean that we are in a bear cycle and its a normal phase for any market to undergo to.
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Can bitcoin be worthless, yes it can but that shouldn't be much of a concern as the possible for that to happen is at it's minimum. Bitcoin isn't like your average fait currency, it has a limited supply of just 21million in a world which population is over 9billion. The price cost of one bitcoin should be of a concern instead of the worthlessness of bitcoin.
Everything and anything is possible, but I do not think the bitcoin can become worthless, it is used across almost all the countries of the world, and it's volume is extremely high with transactions going on nonstop, for it to be worthless, all this must come to an end, but I doubt it is possible it will
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