Topic: Can bitcoins become worthless? - page 6. (Read 937 times)
It is not impossible. It can happen to any currency, specially to a currency without even a smidge of a gold reserve. Bitcoins literally came from nothing to something worth thousands and thousands of dollars. If the giant bubble of bitcoins burst, then it will probably lose value.
I don't think bitcoin will be worthless now or in the future. Although there are flaws we are encountering right now, bitcoin is still considered as a solid structure where all other coins just rely on.
assuming security loss, all cryptocurrency will be 0 immediately.
Of course it's hard. I believe that dev will upgrade security
so i voted for no
Of course it's hard. I believe that dev will upgrade security
so i voted for no
Frankly speaking, No.
Bitcoin can't just become worthless because people support it, even some countries has legalized bitcoin as legal payment method.
The amount of money that has been invested to support bitcoin environment (mining farms and exchanges) over Millions of Dollars just to make sure, bitcoin still in circulation and can be used worldwide. The underlying technology of bitcoin is a perfect solution as a better monetary system, it can't be hacked or change the blocks. After scale problem resolved, it will start to rise again.
Bitcoin can't just become worthless because people support it, even some countries has legalized bitcoin as legal payment method.
The amount of money that has been invested to support bitcoin environment (mining farms and exchanges) over Millions of Dollars just to make sure, bitcoin still in circulation and can be used worldwide. The underlying technology of bitcoin is a perfect solution as a better monetary system, it can't be hacked or change the blocks. After scale problem resolved, it will start to rise again.
the blockchain has to get broken, forked. but i am sure someone will continue mining.
so the answer is no, but you could lose 99% of value. but i dont think so.
so the answer is no, but you could lose 99% of value. but i dont think so.
for me there was no impossible at all. i can guarantee that someday bitcoin will become less worthy or not worthy at all if blockchain replaced by new technologies that more was efficient then blockchain. the future cannot be predict but if you say new technologies will come. i say yes for sure as this blockchain are shit for me.
Based on nearly 10 years of development statistics and the value of bitcoin fluctuations. In my opinion bitcoin is a revolution in technology. In this era of technology, I think bitcoin is strong and sustainable.
there is many unexpected possibilities that bitcoin will become worthless. one would be when there is no internet anymore but in our generation today i will give .01% chance that internet will go down. we should be at least ready for the unexpected possibilities.
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.
if I see the progress that has been done bitcoin it is very satisfying even I'm sure the future bitcoin can be believed and useful I think you see it from the wrong position, so definitely bitcointalk members almost all would agree with me
Well, it depends on what we believe on tho, if we trust bitcoin will get the succes in the future then why we need to think of will bitcoin wrothless? This thing was came unpredictable I think it would be someday it will be worthless, but as I enjoy this things now I will keep believing btc will bright.
i dont think bitcoin will become worthless at least in the very far future, bitcoin is still very popular nowadays, and not easy for bitcoin to die because it is still very new and still rising more in the future, so bitcoin will not become worthless for now.
Of course. I've had stock that was worth hundreds that went bankrupt... I've had btc worth just $4 to $8... it's a market. Anything is possible.
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.
Short answer: Yes. It won't be due to hyperinflation obviously but it could easily be surpassed by something eventually and fall out of favor. If nobody uses bitcoin or moves onto something far superior then I think that would be the end of bitcoin. I don't think it will happen any time soon and I think there will now always be some sort of crypto or decentralized currency but there's no guarantees it will be bitcoin. I hope I'm wrong but if something can solve all the issues or problems bitcoin has then I think it could dominate the market but then years down the link problems may arise with that currency and something may come around to dominate that one as well so I think we'll see some sort of Darwinian natural selection emerging where the best coin prospers.
No one knows but if theres a possibilities bitcoin become worthless its take hundredyears because bitcoin have great investors and strong community.
I really don't think so that bitcoins can become worthless. It goes a lot of fuds since 2011 and look at it by now. It is so high and still rising. Don't follow fuds guys, or you'll lose.
It is possible. It all depends on the economy and those who are into the mining. But, I really do not think bitcoin will lose its worth anytime soon. Bitcoin is really changing the world.
Exactly. No one can know what the future holds and everything is possible.
I believe that most likely scenario where Bitcoin loses all it's worth is due to some critical security vulnerability that can not be fixed.
However that is unlikely by itself.
I believe that most likely scenario where Bitcoin loses all it's worth is due to some critical security vulnerability that can not be fixed.
However that is unlikely by itself.
You are right, No one knows what will happen in the future and we never know when the value in the market will rise or fall and because of that, Bitcoins is a very good investment if you are a businessman and you really want to earn more profit then work hard each day.
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.
Correct, no ones predict what will become the future of bitcoin. Bitcoin is really stable in the marketing price although there are ups and downs still the price is not too much drop at very low price. Bitcoin will become useless without internet, it will be no use without software or hardware wallet or the safest wallet where we need to store it. Bitcoin has many kinds of so called disadvantages when we all think about it but even there are disadvantages there are also advantages on using it.
There are no possibilities.Because the bit coin is ineffective, it will be banned by the outdoors.But now it is used too.Bit coin is not dependent on any country.Bit coin is unlikely to be useless.
Bitcoin currency is holding nearly 50% share in total cryptocurrency market. It is the most popular and highest returning giving crypto ever. Its investors have confidence and trust over it. As a result ban by many countries made no effect on bitcoin investors and its rising price. Currencies are volatile in nature. Bitcoin is a decentralised, peer to peer operating currency; its volatility is more than other currencies. Bitcoin price can fall down may come to $1000, buut it will never become worthless. Many countries are ready to accept bitcoin but they want it regulated.
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