Topic: Can bitcoin be worthless? - page 4. (Read 2833 times)

It can, I mean, you don't have to look that far mate. Many altcoins have already had that fate in this market. Before, especially when they were starting up,  they seemed to be on the path of steadily gaining, quite similar to the status of the seasoned coins around the market. But, many of them now are buried in the hundreds of coins competing around the market, with no trace or hope of ever coming back up. There are so many changes that can happen over the course of time, an asset can prosper or even fall down into the depths, thus, that can also happen to Bitcoin, but not at the moment, I guess.

unfortunately, now there are so many parties who recognize the benefits of bitcoin. well, but we know that some of them also rejected it. this can be worthless when crypto users have used other technological developments for business development on the internet. but, I think it will always be valuable.

It's certainly possible. If people for some reason stopped using it, or if something were to somehow destroy the physical network, or if some unforeseen danger in the future were able to severely damage the internal structure. I've even thought about what would happen if an AI system (or maybe even hackers) created multiple fake traders and fake trading volumes (and real scams and hacks), and gradually accumulated and hoarded all Bitcoins, it could then either not spend them, or use them to take over the world!

Certainly possible, but doesn't SEEM like it would happen, but then again...

Have a good day,
The Cyberius team.

yes it can be very useless if in this world there are no more transactions with bitcoin because bitcoin is no longer of use after reaching max supplly maybe because moreover the use of max supply for transactions is certainly there is a lot of price manipulation there because the amount cannot be mine can only be traded surely this will be a disaster in the future then bitcoin causes a lot of losses in many macroeconomic economies in the world that prohibit the use of bitcoin in both trade and mining

There are many main reasons where bitcoin can never be or become useless, for example: There were many who said that bitcoin was a bubble, but what they did not realize is that a bubble bursts fast and without many operations or with so much volume and market capitalization.

The bitcoin enthusiasts, are people who for nothing in the world are going to abandon bitcoin, and many have a lot of money and will not let the bitcoin die.

The speculators of the market, are the people who least want to let him die or become useless, because they know that people every day are joining the world of bitcoin, either from the market trading, or supporting a project that have to do with cryptocurrencies or directly with bitcoin.
 
Investors much less, they are the people most interested in that bitcoin never dies, they have a lot of money invested and they keep accumulating, because they have studied the market and trust that at some point, in months, years, the time if necessary, they will wait for the bullish trend phase to start, always they have the conviction that it will happen, therefore, they have prepared their strategies to protect their investment at all costs.

I think these reasons are enough to think that bitcoin will not be useless, because the amount of money generated by the speculative market, with respect to the use of Blockchain technology, will always bring benefits for all those who participate in the market.

Practically, Bitcoin turns out to be the leading cryptocurrency and most investors look up to it to make their judgements concerning the entire crypto market. Bitcoin becoming worthless means the entire crypto space entering into a bad condition. Bitcoin will not become worthless because it has a huge, strong and supportive crypto community.

No, I don't think so that bitcoin would be rendered worthless soon. No matter how hyperinflation the market experiences, we cannot discount the fact that we are heading to live in a cyberspace where every transaction is virtual, and that requires virtual currency as well. Other crypto may be affected by this possible hyperinflation, but about bitcoin, I don't think so. It managed to remain resilient thru the years because of its great use case. Bitcoin will be bitcoin and will remain the king of crypto.

Anything can be worthless if no one will recognize their existence even the local paper money that if no one will use it as the people prepared to use the digital transactions then paper money will become useless in which same goes to Bitcoin too that if people will no longer use it then it will become totally worthless.

It was invented in 2009, so it was "worthless" at that time. You can't compare 2009 with 2019(now). Albeit I agree that there is a possibility, but the chance is extremely low t happen despite how strong the community is.

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.

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.

I totally agree, with Bitcoins dramatic gains for the past few years and with a lot of people more drawn to it, bitcoin will not be worthless. Also, blockchain being a very promising technology when it comes to security of personal information, a lot of people nowadays are starting to adopt bitcoin.

It's not easy to make Bitcoin die quickly because it's very true that you see Bitcoin interest and interest in other countries. Other countries have benefited a few years ago.

Opportunities for worthlessness actually exist because indeed Bitcoin itself also comes from a public trust so it is not impossible that later Bitcoin will also experience problems like the one above that bitcoin can be worthless

But from the point the poster is looking at it from I think he is having his own views about currency operations and that is why he said it bitcoin failed. Any currency can fail at any time and at that if bitcoin price on the exchange market go down to zero cent it means there is no more demand for bitcoin but if the demands continue to increase as it doing I think bitcoin will take forever to become worthless.

In the future maybe the cryptocurrency will use in the different country and maybe billions of people are using crypto but not currency I think. Bitcoin can use in the different payment method in the online store and more stire will accept bitcoin to their choices of payment.  Bitcoin are worth it because we earn profit and we can use it in different ways .

Can banks become worthless? It won't be worthless as long as it has customers. Same answer for Bitcoin's too.
Bitcoin won't be worthless as long as you and me discussing him. Not only us, but there also are a lot of us who supports BTC, so it won't get down, it's a one-way ride where Bitcoin goes forward only.

No, they will not become worthless due to the built- mechanics of mining bitcoins. I think it will only become worthless if there’s no demand for them. The fact that Bitcoin becomes more and more expensive to mine means that people are available to pay more and more for it.

It seems unlikely that bitcoin is worthless because now there are still quite a lot of bitcoin enthusiasts in several countries, especially in developing countries and until now the activity of the bitcoin market is still very much in some exchanges even the volume is quite high

 Bitcoin is at high level in market now a day I am sure it will never reduce the value it will always gain more investors because if we take look of the history we will notice only bitcoin is he cryptocurrency which got the level of popularity and it has become one of the best investment in market, it grows it falls but we should buy low and sell high, just simple is that.