I used to think total technical failure would do it, but these days the incentive is so strong to keep it alive that people would build something from scratch that the original ledger could be slotted into.
It's a bit like insuring classic cars. Some are worth so much money that you could feed it into a wood chipper until it was nothing but a pile of metal shavings and the upside of rebuilding it would still be completely intact.
I don't believe any government action could possibly reduce the value to nil. There'll always be other jurisdictions open to it. If there aren't any at all there's still a few billion people who are not governments.
Replacement? Possible but unlikely in the extreme. There'll never be another project born in the same way. And everyone who applies some thought realises that if Bitcoin is abandoned for something else it can happen to that replacement, and any other in future.
The ideal outcome for the human race is that money goes away completely. I would welcome Bitcoin's worthlessness in those circumstances.
Topic: Can bitcoin be worthless? - page 9. (Read 2833 times)
I think the price of bitcoin is somewhat related to the price prediction of stocks.
It depends upon the sentiment of the investors.
If more investors see Bitcoin to be the future of currencies, then it is more than worthless.
Sentiment in terms of trust is very important in bitcoin, because we ourselves know that the beginning of the formation of bitcoin has value on the basis of "Trust" and is different from money or stocks that have Gold or property backups. so it is indeed why the news about bitcoin greatly affects investors ,And if trust no longer exists. then it is not impossible that bitcoin will return to the beginning that has no value It depends upon the sentiment of the investors.
If more investors see Bitcoin to be the future of currencies, then it is more than worthless.
I think the price of bitcoin is somewhat related to the price prediction of stocks.
It depends upon the sentiment of the investors.
True but its to do with the Federal Reserve. Very large sentiment change occurred recently in the autumn because of tightening to the interest rate and some reversal to QE but its very slight. At some point in the future, FED will burn out their brakes and be unable to do anything at all and this when it unwinds value of dollar and we really see what happens with a free market deciding.It depends upon the sentiment of the investors.
Bottom line is Bitcoin, commodities, Stocks and maybe house prices are all running in line with the actions of a few actors in government deciding interest rates and similar. They attempt to tighten up currency worth but at present this is possible to do with USA running one of the largest deficits to its fiscal budget.
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?
Of course bitcoin can be worthless but very low probability
I can see a high possibility that the Bitcoin crypto currency will not be worthless most especially in the coming future. Why? Because I can see a good future awaiting as we all know how the current time of era we are in.
But that is not impossible.
It is a possible to happen though the numbers might be so close to zero. Anything can happen and we can't tell thqt it will. No one can tell the future but one can make a guess or a prediction depending on what is happening right now. I also believe that it won't happen but as I said, it is not impossible to happen.
Unlike gold, which, probably due to a historical accident, is universally accepted as a store of value, bitcoin is a digital commodity with no such universal acceptance as a store of value. While the original buyers and miners of bitcoin were true believers in the paradigm shift they thought it promised, and were willing to make the necessary investments for future gains, the more recent buyers and miners have been run-of-the-mill, greed-driven investors.
Their greed has been further fueled by futures trading, which was introduced when bitcoin prices were booming and the sun appeared to be perpetually rising on the horizon. With bitcoin prices well above the cost of mining, they saw an obvious arbitrage opportunity: Mine bitcoin and sell it for a higher price in the futures market for guaranteed arbitrage profits.
There is a possibility for bitcoin to be worthless IF people will start selling all of their bitcoin and never buying them back. That is the only way for bitcoin to be worthless but with the things that are happening to bitcoin right now, it is a dumb idea for people to just sell their bitcoin, so i think if the good things will keep on coming in the future then there is no chance for bitcoin to be worthless.
While that is a possibility we can all agree that it is very unlikely, the reasons of why satoshi created bitcoin are still there and we could argue that things are getting worse so we need a way to be able to exchange money without the need of a third party and bitcoin is the perfect solution for this, and if governments keep with their current policies of trying to undermine privacy bitcoin will only become even more popular. 
Even through times that the value was very low, we cannot determine if try to devalued it already. For the longest run that it is very useful and how it hit to the market, it is still be not worthless, still the consumption is very good , unless you dont have the idea to not holding it anymore.
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?
A person's trust in Bitcoin can make the value of Bitcoin worthless at the time that the Bitcoin transaction activity will decrease day by day until it is worthless. 
I can see a high possibility that the Bitcoin crypto currency will not be worthless most especially in the coming future. Why? Because I can see a good future awaiting as we all know how the current time of era we are in.
But that is not impossible.
It is a possible to happen though the numbers might be so close to zero. Anything can happen and we can't tell thqt it will. No one can tell the future but one can make a guess or a prediction depending on what is happening right now. I also believe that it won't happen but as I said, it is not impossible to happen.
I am sure that Bitcoin will be useful to everyone. Because he is already now so popular that I don’t know a single person who wouldn’t tell me about him. And about the blockchain technology which can be used just everywhere.
Actually it is useful since the day of bitcoin was getting to a high price in the past year.And so many people encourage to buy or invest to bitcoin for earning profit so bitcoin was not going to worthless after all.
I think the price of bitcoin is somewhat related to the price prediction of stocks.
It depends upon the sentiment of the investors.
If more investors see Bitcoin to be the future of currencies, then it is more than worthless.
It depends upon the sentiment of the investors.
If more investors see Bitcoin to be the future of currencies, then it is more than worthless.
There is a possibility for bitcoin to be worthless IF people will start selling all of their bitcoin and never buying them back. That is the only way for bitcoin to be worthless but with the things that are happening to bitcoin right now, it is a dumb idea for people to just sell their bitcoin, so i think if the good things will keep on coming in the future then there is no chance for bitcoin to be worthless.
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 don't see any chances of that.Bitcoin has already gained so much popularity and fame which makes bitcoin more worthy.Everyday bitcoin is finding It's new invearors which making bitcoin more stronger.I can't assure you that bitcoin will never die but as far We are seeing that, nobody can complain any faults of bitcoin till now.So, I think bitcoin Won't be worthless near future.
yes, bitcoin is very famous now even bitcoin has become the best crypto currency ever. and blockchain technology that is very good and can be applied to all types of fields.
I do not believe that bitcoin can become worthless in the future.
Talking about blockchain technology, I think that should be promote first since it has a lot of advantage in today's set up specially on theI do not believe that bitcoin can become worthless in the future.
businesses. Then these blockchain tech shall support and promote the use of Bitcoin to have its value that relates to blockchain tech.
yes, bitcoin is very famous now even bitcoin has become the best crypto currency ever. and blockchain technology that is very good and can be applied to all types of fields.
I do not believe that bitcoin can become worthless in the future.
Talking about blockchain technology, I think that should be promote first since it has a lot of advantage in today's set up specially on theI do not believe that bitcoin can become worthless in the future.
businesses. Then these blockchain tech shall support and promote the use of Bitcoin to have its value that relates to blockchain tech.
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?
There is difference between digital currency and fiat currency. Bitcoin can't be failed like other fiat currency, as there is no strong competitor of bitcoin now and it has nothing to do with political issues. The only way it can be worthless if there is better technology available in future that can replace it.
I can see a high possibility that the Bitcoin crypto currency will not be worthless most especially in the coming future. Why? Because I can see a good future awaiting as we all know how the current time of era we are in.
But that is not impossible.
It is a possible to happen though the numbers might be so close to zero. Anything can happen and we can't tell thqt it will. No one can tell the future but one can make a guess or a prediction depending on what is happening right now. I also believe that it won't happen but as I said, it is not impossible to happen.
I can see a high possibility that the Bitcoin crypto currency will not be worthless most especially in the coming future. Why? Because I can see a good future awaiting as we all know how the current time of era we are in.
No. Since we are on advancing technology, we people need a convenient way of payments. Bitcoin was introduced to make payment system less hassle than the traditional way that most people follow. So, telling that bitcoin is worthless on this time is not possible.
really for now bitcoin is still very worth and maybe the trading market is always going up every month and now there are so many ways that bitcoin is valuable for the people who invest in the market todaymaybe later when everyone doesn't use bitcoin, maybe at that time bitcoin becomes worthless
No. Since we are on advancing technology, we people need a convenient way of payments. Bitcoin was introduced to make payment system less hassle than the traditional way that most people follow. So, telling that bitcoin is worthless on this time is not possible.
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