Topic: Can bitcoins become worthless? - page 9. (Read 937 times)
Anything can be happen whether it is good or bad. However bitcoin bocme worthless only if all user and investors of bitcoin will disappear all of a sudden of course. For sure the value will rapidly goes down 100% until it drop to zero value. But as long as there is users and investors remain in bitcoin ti won't happen that it will become worthless.
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.
Yes it is possible maybe because of some competeting currencies political issues but bitcoin is getting popular and stronger around the globe.Just be well prepared and be positive that it cant fail and must be getting higher ever than what we expect
Theoretical yes it could. It can fall into zero. Practically, I highly doubt it. Something catastrophic would have to happen for that to occur..
No internet or telecom = no bitcoin.
I doubt bitcoin becoming worthless, since it is very much popular and people made huge investment , still becoming worthless may not be correct, as we can see in the past also it was dropped , And again it is started rising and now the stage it is at nearly $14000, but we need to wait and watch happens ,still there is a hope .
As you have rightly said no one can predict the future of any currency as there are a lot of issues that can have impacts on them in the coming years, and bitcoin is not and exception. But bitcoin has proved to have survived for some year now without any major failure and at that bitcoin is going to be around for some time. But what we must understand is that what ever that is of great value can also become valueless so if currencies failed it will not be a new thing.
Yes! nothing is impossible. It depends on The Will Of The People, Bitcoin, and other cryptocurrencies like it, require trust in order for them function. In reality, all currencies require trust, or they would not be viable. If the majority don’t agree that a currency has any value, then it no longer has any value. People have trusted paper currencies for years, despite the fact that these currencies are backed by institutions that regulate and control the flow of money, and therefore the flow of value. Even with the rampant corruption in the Federal Reserve and the masked frailty of the American economy, everyone continues to have faith that the US dollar has value.
It could become worthless, just like the us dollar could collapse and could become worthless. But I don't think we'll see it happen to bitcoin.
Yes, both are unlikely to happen but theoretically can happen. Most important thing about BTC is that it has the value just because people give it the value, cut the demand and price will come tumbling down. While in case of USD the government gives it the value so unless the government is to fall usd won't fall. 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.
I agree. Since bitcoin is decentralized, the governments will always put them in the hot seat. And it is also true that bitcoin can be affected by the inflation.GOV will also bring out the soldiers to shoot bank-run ppl, MONEY GOV-CASH is backed by GUN
WHat BTC be backed by? GREED and nothing more
Once the Greed turns to Panic, BTC could rush to zero in days
value will fluctuate - worthless only if the tech fails.
Well that is the problem, the TECH has already failed, but the newbs didn't get the memo.
The sky has been falling on the BTC tech-failure since 2012
What kind of catastrophic failure? Me thinks a massive orchestrated transfer of coins, by the broken ecdsa sig algo, then core will patch code, and roll out a new sig algo, it will take weeks and exchanges will panic,
Transpire something like this it will,
GOV doesn't collapse overnight, etiher will BTC
Collapse will be slow, years to zero, maybe in ten years ppl will still use it, there will be BTC collectors, but majority 99% of our day trading parasites will have moved on to a new host
value will fluctuate - worthless only if the tech fails.
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.
We never know the future like you said. All can remain possible.
Nothing can stop technical failures and make bitcoin become worthless.
So far, bitcoin still strong. Eventhough its wortless, it will be happen long time later.
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.
I agree. Since bitcoin is decentralized, the governments will always put them in the hot seat. And it is also true that bitcoin can be affected by the inflation. 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.
Bitcoin wont go worthless, that is on my personal view, because it is already in the landmark of stock market. It may change from time to time, may evolve and differ but its value wont become worthless. Also, Bitcoin will be improved for the next coming years so it wont become worthless.I agree with you opinion. It took Bitcoin nearly ten years to achieve wide recognition. The foundation is very solid now and only drastic changes may cause it to be worthless. It's unlikely to happen though.
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.
Bitcoin wont go worthless, that is on my personal view, because it is already in the landmark of stock market. It may change from time to time, may evolve and differ but its value wont become worthless. Also, Bitcoin will be improved for the next coming years so it wont become worthless.
The only thing that is constant is change. The change that can happen to cryto currentcy is for good. Cos it is becoming a global thing. It wount be worthless but appreciate to good extent.
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.
Yes, there is always a possibility since there are many competencies and once there are some great issues and problems regarding to Bitcoin, people can easily transfer to another cryptocurrencies. Although we will never know. Lets just hope it will not fail.
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.
I agree that nobody can surely know what will be the price of Bitcoin in the future, it is possible of course that Bitcoin can be worthless but it is also possible that it can be the most expensive thing on Earth.
All we can do now is to enjoy the price and try to trade and earn from cryptocurrency market.
Theoretically it can, but personally I think this is very unlikely due to a good number of people in the crypto space that are really really dedicated to ensure bitcoin's success. Though I also think it only takes one sort of ban from a huge country like the United States to crash bitcoin's price to 3 or even 2 digits.
- just my 2 satoshis
- just my 2 satoshis
I think if there is no demand for bitcoin probably it will become worthless. Another thing, if the people's trust will decline on bitcoin that may however become a problem. Currently, bitcoin is still going stronger in which chances of becoming worthless for me is not that 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.
There is a 0.01% chance that bitcoin will become worthless and 99.99% chance that bitcoin will continue to have value. Every time there is one person who lose confidence on bitcoin there will be 2 or more than that will gain interest in bitcoin. We are in the digital era more and more people will gain interest in digital objects and young people nowadays are optimistic and wise.
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