Can bitcoin be worthless? - page 3. | Bitcointalksearch.org

Tungsten-1

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Quote from: OrangeII on May 13, 2019, 11:11:53 AM

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Quote from: sakokinak on May 13, 2019, 05:30:39 AM

Quote from: EdvinZ on May 07, 2019, 03:22:53 PM

Bitcoin can become useless only if people stop using it for some reason. In the short term, this seems unlikely, because not all people yet know what a cryptocurrency is. The technology of digital money is convenient, practical, has cheap transfers, therefore the society perceives it positively.

It can be useless at any time. For instance, imagine the situation when you own Bitcoin, but for some reasons, you find yourself in the place where the Internet connection is not available.

It's no use. Virtual money really needs a good internet network and not slow. If there is no network then you cannot do anything with your Bitcoin or other coins.

therefore, crypto usage can only be used in countries / places that have a good internet network. for any reason, bitcoin / crypto can be worthless if you are in such a region. but, as far as I know, crypto is really valuable.

You have point but mate now all over the world internet connection is very strong so bitcoin will never lose the value it will remain the same. Now all over the world crypto currency especially bitcoin is being use for purchasing and we are buying things with crypto currency, bitcoin has the most valuable place in crypto market.

Rooster101

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Even token or coin that delisted from an exchange has still a value so I believe bitcoin will never become worthless as long as people are still supporting it. The adoption for bitcoin is continuing in many part of the world and this will give the top coin more value and also contributes to further rise of its price. The use of internet is also expanding due to the cellular signal reaching the remotest part of a country and I believe that this will also boost the people's awareness for bitcoin and other cryptocurrencies.

AjithBtc

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Quote from: OrangeII on May 13, 2019, 11:11:53 AM

Quote from: ?? on ??

Quote from: sakokinak on May 13, 2019, 05:30:39 AM

Quote from: EdvinZ on May 07, 2019, 03:22:53 PM

Bitcoin can become useless only if people stop using it for some reason. In the short term, this seems unlikely, because not all people yet know what a cryptocurrency is. The technology of digital money is convenient, practical, has cheap transfers, therefore the society perceives it positively.

It can be useless at any time. For instance, imagine the situation when you own Bitcoin, but for some reasons, you find yourself in the place where the Internet connection is not available.

It's no use. Virtual money really needs a good internet network and not slow. If there is no network then you cannot do anything with your Bitcoin or other coins.

therefore, crypto usage can only be used in countries / places that have a good internet network. for any reason, bitcoin / crypto can be worthless if you are in such a region. but, as far as I know, crypto is really valuable.

Now if you search hard you might find very few remote locations that doesn't have internet connectivity. In this regard there is no possibility for bitcoin to go worthless just because of the Internet connectivity issues. Possibly if there is no usage it might go worthless, but looking upon the market there is continued adoption and usage similar to fiat and on other needs which confirms that bitcoin won't go without any usage.

OrangeII

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Quote from: ?? on ??

Quote from: sakokinak on May 13, 2019, 05:30:39 AM

Quote from: EdvinZ on May 07, 2019, 03:22:53 PM

Bitcoin can become useless only if people stop using it for some reason. In the short term, this seems unlikely, because not all people yet know what a cryptocurrency is. The technology of digital money is convenient, practical, has cheap transfers, therefore the society perceives it positively.

It can be useless at any time. For instance, imagine the situation when you own Bitcoin, but for some reasons, you find yourself in the place where the Internet connection is not available.

It's no use. Virtual money really needs a good internet network and not slow. If there is no network then you cannot do anything with your Bitcoin or other coins.

therefore, crypto usage can only be used in countries / places that have a good internet network. for any reason, bitcoin / crypto can be worthless if you are in such a region. but, as far as I know, crypto is really valuable.

roosbit

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Random coins :)

If several regulated fiat currencies such as the Zimbabwean dollar or Venezuelan bolizar can be rendered useless, then I obviously think btc can go the same road if say something triggers it and there is panic selling.

But if you think of it bitcoin being worthless at this point its almost impossible because "one man's trash is another man's treasure", so if I choose to sell because it's worthless someone who believes in crypto is patiently waiting to buy the dips which guarantees a healthy price!

jambul_kribo

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Quote from: joshy23 on May 13, 2019, 06:39:27 AM

Quote from: sakokinak on May 13, 2019, 05:30:39 AM

Quote from: EdvinZ on May 07, 2019, 03:22:53 PM

Bitcoin can become useless only if people stop using it for some reason. In the short term, this seems unlikely, because not all people yet know what a cryptocurrency is. The technology of digital money is convenient, practical, has cheap transfers, therefore the society perceives it positively.

It can be useless at any time. For instance, imagine the situation when you own Bitcoin, but for some reasons, you find yourself in the place where the Internet connection is not available.

Exactly, you can't do any transactions if you are in such place where internet is not accessible, same with if you are inside the forest even you have all the
fiat in the world you can't used it in anyhow, if the in the real essence, bitcoin will not be worthless as it's already have a value.

bitcoin become valuable not only due to its function as currency.but it bring new technology and breakthrough in finance industry.bitcoin bring new concept where anyone could make transaction in more effective ways with less transaction fee.its about new technology in payment gateway.

joshy23

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Quote from: sakokinak on May 13, 2019, 05:30:39 AM

Quote from: EdvinZ on May 07, 2019, 03:22:53 PM

Bitcoin can become useless only if people stop using it for some reason. In the short term, this seems unlikely, because not all people yet know what a cryptocurrency is. The technology of digital money is convenient, practical, has cheap transfers, therefore the society perceives it positively.

It can be useless at any time. For instance, imagine the situation when you own Bitcoin, but for some reasons, you find yourself in the place where the Internet connection is not available.

Exactly, you can't do any transactions if you are in such place where internet is not accessible, same with if you are inside the forest even you have all the
fiat in the world you can't used it in anyhow, if the in the real essence, bitcoin will not be worthless as it's already have a value.

jhonjhon

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Well, I guess it is impossible for bitcoin to be worthless especially now that the adoption of bitcoin is getting bigger everyday. Bitcoin has prove to be the king of cryptocurrency for years now and it has proven it’s worth as well to may people so I think no one will not want it. However, we can’t really tell for the future, we don’t know what the future holds maybe it will become worthless, I guess will just have to enjoy the benefits that bitcoin has given us for now.

sakokinak

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Quote from: EdvinZ on May 07, 2019, 03:22:53 PM

Bitcoin can become useless only if people stop using it for some reason. In the short term, this seems unlikely, because not all people yet know what a cryptocurrency is. The technology of digital money is convenient, practical, has cheap transfers, therefore the society perceives it positively.

It can be useless at any time. For instance, imagine the situation when you own Bitcoin, but for some reasons, you find yourself in the place where the Internet connection is not available.

dameh2100

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Quote from: Hamstead on May 10, 2019, 06:11:25 AM

I don't think so, considering the positive trend of bitcoin nowadays, it is very unlikely that it will become worthless. I think it will only become worthless if no one would like to use bitcoin or don't want it anymore. I guess we'll just have to wait and see for now.

I agree, aside from that, bitcoin can be worthless if all of the country will ban bitcoin and if you use bitcoin, you will be in prison for many years. But it will never happen because bitcoin has potential to change our world to live better place.

Pagri

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Even despite all its detractors and the great limitations that bitcoin has had for its global adoption, it has gradually been opening up as a real investment alternative and as an efficient currency within the global financial system. Therefore, once it has positioned itself as an efficient and functional alternative to fiat money, it is almost impossible for it to suddenly stop being valued by its users, because even when new technologies appear in cryptospace, the popularity of bitcoin will be enough to continue retaining great value, even if it is merely symbolic.

FlightyPouch

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Quote from: ngusmin on May 10, 2019, 01:52:56 PM

I think bitcoin will survive even in difficult times, in its journey, bitcoin is always up and down and so many people think bitcoin will be lost, but bitcoin still persists to the present and for the future bitcoin will survive and be valuable.

It will, and it will always persevere. One of the best reaaons is that there are a lot of people supporting this crypto and will never let the price plummet close to zero. The history speaks it, a lot of things happened but Bitcoin continue to surge more and more.

Best Dreams

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Quote from: Akonobea on May 10, 2019, 12:12:38 PM

I don't think bitcoin can ever become useless because if it is not approved by the world in general it would still attain its value in the crypto community since it is being used to make payments.

Of course bitcoin will never become useless because it makes good profit for us and it is important for is in our life. It has long term history that bitcoin always make profit and it gives us so many opportunities to spend our life in profitable way, I am sure in very near bitcoin will become more powerful as fast the price is getting better.

Boh manok

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In my opinion, it doesn't seem possible that someday bitcoin will have a price again because all currencies still have prices until anytime, even though the price is not expensive anymore, but if we mention that bitcoin does not have interested people one day it might be because sometimes people judge bitcoin is not profitable anymore

ngusmin

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I think bitcoin will survive even in difficult times, in its journey, bitcoin is always up and down and so many people think bitcoin will be lost, but bitcoin still persists to the present and for the future bitcoin will survive and be valuable.

calya

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Quote from: awik p on May 10, 2019, 12:19:16 PM

Quote from: toast on May 08, 2019, 03:14:14 AM

Quote from: Airbuxf on May 07, 2019, 06:54:22 PM

As we came see history, Bitcoin was practicaly worthless im 2009, there was no exchanges and no way to change it to fiat money. There is also possibility that it van be worthless in future too.

yes because that year was the year when a new bitcoin was created and not many people knew. but since year after year bitcoin has developed until its price is shocking, maybe at this time bitcoin is being the bottom line which will begin to develop. as long as there are those who use bitcoin it will remain valuable, valuable in the sense that there is a price even if it's small.

of course there will be many people who will follow the trend, by seeing the opportunity that many people will make bitcoin as a source of income. moreover many hope that bitcoin can achieve its dedication as a currency

bitcoin will not be currency.it just be a payment gateway in the world.legalization and adoption enough to make bitcoin price great again.as currency and replace official currency its difficult to happen.

awik p

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Quote from: toast on May 08, 2019, 03:14:14 AM

Quote from: Airbuxf on May 07, 2019, 06:54:22 PM

As we came see history, Bitcoin was practicaly worthless im 2009, there was no exchanges and no way to change it to fiat money. There is also possibility that it van be worthless in future too.

yes because that year was the year when a new bitcoin was created and not many people knew. but since year after year bitcoin has developed until its price is shocking, maybe at this time bitcoin is being the bottom line which will begin to develop. as long as there are those who use bitcoin it will remain valuable, valuable in the sense that there is a price even if it's small.

of course there will be many people who will follow the trend, by seeing the opportunity that many people will make bitcoin as a source of income. moreover many hope that bitcoin can achieve its dedication as a currency

Akonobea

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I don't think bitcoin can ever become useless because if it is not approved by the world in general it would still attain its value in the crypto community since it is being used to make payments.

Hamstead

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I don't think so, considering the positive trend of bitcoin nowadays, it is very unlikely that it will become worthless. I think it will only become worthless if no one would like to use bitcoin or don't want it anymore. I guess we'll just have to wait and see for now.

toast

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Quote from: Airbuxf on May 07, 2019, 06:54:22 PM

As we came see history, Bitcoin was practicaly worthless im 2009, there was no exchanges and no way to change it to fiat money. There is also possibility that it van be worthless in future too.

yes because that year was the year when a new bitcoin was created and not many people knew. but since year after year bitcoin has developed until its price is shocking, maybe at this time bitcoin is being the bottom line which will begin to develop. as long as there are those who use bitcoin it will remain valuable, valuable in the sense that there is a price even if it's small.

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