Topic: Can bitcoins become worthless? - page 7. (Read 937 times)

It surely can, and I think, in the bitcoin market, everything is possible. There was a time when bitcoin was just a little over a dollar in value, and during that time, many people think that it won't prosper, but look at it now. If we would also follow the previous trends, there were times when bitcoin price have decreased significantly due to market breakdown and forks. Another contributory factor is if people would actually stop supporting the cryptocurrency market, specifically bitcoin. If no one would support it and do transactions with, then it will surely be its doom.

Well, no one can say what will happen in the future. So no one can say when will bitcoin be worthless. Just invest on it while it is still on the roll and its price rose high up. Just enjoy the opportunities it offer while its here.

I think its possible happen to bitcoin become worthless, there are people and countries that bitcoin does not accept so bitcoin can be illegal.
In the world without permanent, everything can change and become worthless.

It can happen any moment. It is just sufficient that one big whale decides to cash out or that they want to destroy their toy and the price can tank to zero. Satoshi Nakamoto's 1 Million BTC are still sitting there on the blockchain, ready to be dumped perhaps one day - and on that day Bitcoin would go to zero.

This could happen since the value of bitcoin is subjective, i.e. if people would find it worthless, then it will become worthless. This also applies to all currencies that don't have reserves, e.g. fiat currencies and cryptocurrencies.

All can become worthless if economy, community and society found particular service or goods and commodities' loss its significant, if we bitcoin can't deal with the demand of buyers everyday and the miners fee ot transaction fee is getting higher and higher bitcoin will possible loss its significant as a means of payment or investment

There is always that possibility; however, I would say that since it is in a good place right now, gaining so much value and attention in the last few months, it is very difficult to take it down and lose value right now. Also, with the years under its belt, bitcoin has come to a point where it has the capacity to adjust quite quickly and come back strongly against any negative market trend and movement. I think for it to become worthless per se, there should be another cryptocurrency that should overshadow it, or another market movement similar to cryptocurrency that would kill of the cryptocurrency vibe.

yes it can, if all countries use banned bitcoin in their country, then bitcoin can be become worthless

I think yes. In our world there is nothing permanent, so bitcoin can become useless. Maybe come in sight another crypto currency, which will be better than bitcoin. Anything can be, it's hard to predict what will happen in the future.

I voted for no because i wish to its value should not be ntohing because most of my earnings on this.  but unfortunately there might be a chance of happening what you mentioned  i am knowing the risk . But even i am wishing it should not happen.

In theory of course it can become worthless, but i dont think that it is something will happen, his market is way to big to fall.
beside of that, i think that with the lightning transactions it will start be really useful.

Moreover, until now, almost all altcoin is integrated with BTC when traded. Opportunity bitcoin to be worthless is very small. However, the odds of being replaced by another Altcoin as the king of cryptocurrency may occur.

There are high chances that it may become but still people are buying it and trading it because of its growing demand. The only problem is regulation which has to be taken care of to be in the market for long time. Still all depends on the financial institution mindset as well. Let's hope for the best.

Yes Exactly.Bitcoin is becoming more valuable than anything else.most people likes bitcoin and their investing in bitcoins.

Bitcoin is a method of payment and a digital currency that was launched in 2009. It has been described as “cash for the internet” and the price of all bitcoins in circulation currently amounts to USD 1.5 billion. One of its key features is its decentralized structure that prevents regulation of the currency by a central authority or bank. It is this aspect of Bitcoin that is trumpeted by Utopian libertarians who see it as the embryo of capitalism without regulation or control, a dream that is already being scuppered by the realities of the modern world.

Others see Bitcoin simply as an opportunity to get rich quick and then get out before the bubble bursts, and in that sense Bitcoin paints a microcosmic picture of the nightmarish short-termism and irresponsibility that is the hallmark of capitalism in decline. It is hardly surprising that such a phenomenon should take off in the midst of a global crisis of capitalism.

According to some, the technology pioneered by Bitcoin and other so-called crypto-currencies is potentially game-changing when it comes to online transactions, with as much potential for a revolution in payment processing as Napster was able to achieve with music downloads. However, what is already becoming clear is that this technology can never be used to its full potential under capitalism: to really unleash the power of technology in all fields, not least in online transactions, we require a socialist plan of investment in technology and a plan for the use of technology to develop the economy in the interests of need and not profit.

Of course, yes. That is very possible. We are talking of possibilities here. And if we talk about possibilities, there is no telling which one will happen or not. Everything's pretty much possible, my friend. But as to how possible is possible, that is something we can discuss about. For Bitcoin to become worthless, it is enough that the people supporting it will withdraw their support. As easy as that. Bitcoin is not representing anything at all but the support of these people. And if this support is gone, Bitcoin will also be gone. But as of now, the support is getting stronger.

There's a possibility and there is no one who can predict what will happen in the future.

Many currency failed because it is not accepted by the people. Any currency become valuable if people believe that is has value. That is the concept of money. If people do not have confidence in a certain currency, nobody will invest on it, then it will failed. Those currency fate will not gonna happen in bitcoin? Why? Because it is widely accepted and many people have confidence in bitcoin. This is proven on it's growing community. Many people testify that they earned from investing bitcoin. Plus the fact that many people predicted that it is the currency of the future. So, bitcoin will never become worthless.

it can be worthless. like Zimbabwean dollar it can be worthless. now if you go with a bag full of money you can buy a pocket of chocolate.
any time price of bitcoin may fall and worthless also.but current situation shows us good indication that bitcoin has better future.
for security, losing hope for bitcoin,for banning and for others reason botcoin can be worthless.

I think it's far off because once the value of bitcoin costs once the investors are buying it and for sure it's too big for them to increase the price because now, its price is high and I think it's not possible to lose the bitcoin price because nowadays there are many who trust it, and it's legit all over the world.