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Topic: Can bitcoins become worthless? (Read 937 times)

newbie
Activity: 126
Merit: 0
January 10, 2018, 11:31:18 AM
maybe, but no one knows what the future will be like, whether bitcoin is still or not in the future. which is obvious for now bitcoin is growing, and we can enjoy the results.
I can only hope that it does not happen, because I think bitcoin can be a substitute for currency as a legal means of payment.
full member
Activity: 195
Merit: 100
Free crypto every day here: discord.gg/pXB9nuZ
January 10, 2018, 09:38:58 AM
For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.

For me no... blockchain is real we need to face the reality that sooner or later bank will no longer exist in our world only crypto currency is...

We can't stop bitcoin from the growing of the price.
member
Activity: 106
Merit: 10
"Highest ROI crypto infrastructure"
January 10, 2018, 09:37:26 AM
It is possible but It would be very difficult to be worthless,  for the bitcoin to be worthless , all of the people should sell their bitcoins  btu as we all know bitcoin nowadays are gaining attention to all over the world
member
Activity: 112
Merit: 10
January 10, 2018, 09:17:00 AM
I think it will become worthless in a couple of years when competition will grow and all old cryptos will die out. Just the matter of time.
full member
Activity: 476
Merit: 105
January 10, 2018, 09:15:40 AM
I can not imagine that Bitcoin will be crashed wholly. Maybe its price will fall but I don’t think even that Bitcoin will lose position of cryptocurrency number one. I don’t know what currency would be better.
member
Activity: 266
Merit: 10
January 10, 2018, 02:45:47 AM
Yes, its possible.There are chances for this.Technology and cash flow will change.The old one is likely to be useless when it is better than one.But when did this happen?
full member
Activity: 158
Merit: 100
January 10, 2018, 01:33:55 AM
It is possible depending on how people use it and how governments regulate the crypto-currency.
sr. member
Activity: 728
Merit: 263
January 10, 2018, 01:19:51 AM
I don't think so. Bitcoin is not going to worthless anymore. day by day Bitcoin is gaining ground and it's becoming a fundamental platform for the capital market. I have a strong belief that Bitcoin is going to dominate the financial market. Though the money is the main thing so that Bitcoin will be one of the great factors of the money market.
the thing is that Bitcoin is becoming a profitable and credible platform day by day so that Bitcoin will not become worthless in the future.
full member
Activity: 266
Merit: 100
January 10, 2018, 01:01:54 AM
In my opinion its very possible because the worth of bitcoin is depending on people who consumes or trades it but if theres no one in the world uses this bitcoin then it could be worthless but we cant be sure if that really happens i hope not
sr. member
Activity: 728
Merit: 263
January 10, 2018, 12:45:27 AM
I don't think so. Bitcoin is not becoming worth anymore, it's getting more credible and profitable day by day. not only that but also Bitcoin is becoming a popular currency system nowadays. so that there is no chance to get worth. I think day after day Bitcoin is becoming a dominating factor in the money market. so how could you think that Bitcoin is going to become worthless?
member
Activity: 118
Merit: 10
January 10, 2018, 12:35:06 AM
For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.
Absolutely, no one could predict its future. But still, we could not deny its promising features which has made it unique free from inflation, free from government control, free from inflation. Even its most critics wall street companies have started to enter in to bitcoin market which proves its potential.
full member
Activity: 938
Merit: 137
January 10, 2018, 12:30:47 AM
Like any other digital currency, bitcoin can also become useless. This can even happen if bitcoin does not eliminate its shortcomings for a long time. People simply can stop using bitcoin and it will lose the demand and its value so that it becomes absolutely useless. I am amazed at bitcoin developers who have not been responding to his serious problems for a long time.
full member
Activity: 434
Merit: 101
January 10, 2018, 12:27:49 AM
I think the people flow towards bitcoin is fast and growing so we can say that the bitcoin worth is more than the other currencies now because every is converting tall their funds into bitcoin and it is really helpful through this we can do what we want and in the advanced countries people are doing all their activities through the digital money like bitcoin and altcoins the market is expanded from country to countries.
member
Activity: 252
Merit: 10
Telegram: https://t.me/ViolaAI
January 10, 2018, 12:10:10 AM
For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.
Absolutely correct. No one has the capability to predict what becomes of bitcoin in the future. But i am forced to lean on the positive side of future for bitcoin. This is because everyday, the developers work day and night to see how to make bitcoin better.
sr. member
Activity: 696
Merit: 258
January 09, 2018, 11:50:35 PM
We cannot assume or presume that bitcoin would be worthless, this cryptocurrency always have negative news roaming everywhere to make this thing grow more stronger. If bitcoin become worthless, why Japan have accepted it? Japan is a role model for all the countries for their tremendous growth in all aspects including bitcoin acceptance. May be paper currency can be worth less in future but not bitcoin as per my prediction.
member
Activity: 176
Merit: 43
January 09, 2018, 11:31:29 PM
It will always be needed. Cryptocurrency is just starting to boom and is the future. Soon several places will accept Bitcoin as payment method offline and online.
member
Activity: 146
Merit: 10
January 09, 2018, 11:28:34 PM
Maybe yes for the coming decades bitcoin will become worthless when it comes to replace another crypto and bitcoin move out from the online history. But now just work hard and earn bitcoin as far as the bitcoin is on the top. Aside from that nobody can predict until when the legacy of bitcoin.
hero member
Activity: 1666
Merit: 502
January 09, 2018, 11:27:05 PM
Because bitcoin is decentralized no one controls, so bitcoin's worthiness depends on demand and demand also determines bitcoin prices, so bitcoin possible become worthless if there is a thing that makes no demand.
member
Activity: 336
Merit: 20
January 09, 2018, 11:25:36 PM
I think yes it will be possible for bitcoin to become worthless because we never know what future beholds anything may happen.
newbie
Activity: 43
Merit: 0
January 09, 2018, 11:22:22 PM
Well for me theres a possibility. No one knows what will happen in the future. Or theres something big that will cause and affect the value of bitcoin to decrease exponentially. But if that really happen, we should find an alternative ways to replace the old ones. But maybe it will happen 30 years from now so we have a lot of time and enjoy the advantages of it for now.
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