Topic: In what situation would Bitcoin die? (Read 101794 times)
When all influencial countries ban bitcoin and only small countries that is late on news only use bitcoin, this will be the start to end bitcoin
Bitcoin will dead sudden if every country decides to ban Bitcoin permanently but, I think it will not happen, because bitcoin will always provide many benefits to the users if we use it properly.
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In what situation would Bitcoin die?
Bitcoin would die if everyone stopped using it, buying, selling or holding it. Also if there was some sort of apocalypse and all electricity and internet went out then bitcoin will die.
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
It will die once it loses it's relevance in the development of humanity. So far bitcoin has enhance a lot of people's way of doing transtions all over the world and it has shown how important and relevant it is in our society now adays. So therefore i can say that bicoin is not going to die anytime soon. In the contrary will spread and it will possibly become the world currency. How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
I think if the whole country forbids it and imposes punishment for those who own it, it will make the bitcoin owner less and over time the bitcoin will die.
Of course if the price crashes any coin will die. But this is the result. What is the cause where the bitcoin price will be zero? To my point of view this will happen, if people loose their faith about bitcoin; If people go to the next big thing; That means bitcoin has value because people want it.
Bitcoin has already been spread to different parts of the world, only it will die when governments will ban in the online industry. Once people stop using bitcoin and once people stop mining the bitcoin, it will automatically die. So no trades, no mining, it will raise the difficulty in transferring the coins.
I think Bitcoin will be dead only if every country in the world banned the use of Bitcoin. When a person does not use Bitcoin then it will stop. But when Bitcoin will lose confidence among users, it can happen. I believe Bitcoin will always provide users with the opportunity if we use it properly.
Well, maybe when the situation began to lose confidence in the bitcoin users. people tend to leave bitcoin, because bitcoin is no longer provide benefits to users. but, I think it will not happen, because bitcoin will always provide many benefits to the users if we use it properly.
Agree in your point of view. Users think FUD's and scams growing in the market maybe this could make bitcoin cold or even die if this affect in the whole world. Worthless condition of bitcoin could regret the users to participate and probably leave bitcoin forever if this will happen. But for my own insight it is impossible to happen because the community are getting increasing bitcoin users because of the benefits they gets when it is successfully manipulated.
bitcoin will die when in this world there is no internet network anymore, and when everyone else do not trust or use bitcoin again, but I am sure it will never happen because it proved to have many people who succeed in bitcoin and have a lot of money through bitcoin
Demand of BTC will appear such as gold of cryptocurrency!
and BTC will not die
and BTC will not die
In my own opinion bitcoin will die when people stop investing on it in that situation the price of bitcoin will go down and it will die.
if there is no demand for it and then I the price would fall down I think it will end the bitcoin,
Or maybe if some crypto currency surpass it.
Or maybe if some crypto currency surpass it.
Bitcoin can not die. It has own advantages and can be used for many fields in the economy. Why does it die? I do not believe that. Unless there will be a better coin replaces it
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
I think in the future, cryptocurrencies such as bitcoin will be recognized by all countries around the world, and it will become legal. If all countries in the world ban bitcoin, it could kill bitcoin for a long time. If the Internet is shut down, bitcoin will die soon.
I think, most likely, it will be in case of a complete ban by the majority of the States of the world. However, cryptocurrency is unpredictable, and the reason for oblivion can be anything.
The blockchain is the live wire of every Crypto, no blockchain no cryptocurrency. Miners place a big role in bitcoin ecosystem and some as holders and it traders. But the blockchain is the pillar
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin will only die if people will stop investing and the market's bitcoins price will truly decrease as the time goes by just the same as other cryptocurrency since altcoins price is tether to bitcoins.
Either bitcoin will surpass some other technology, or there will be global problems with technology. Unfortunately, the functioning of bitcoin without the Internet is impossible. In this paper money has advantages.
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