Topic: In what situation would Bitcoin die? - page 22. (Read 101794 times)
We are talking about "What situation bitcoin will die" and if there's no more investors coming in, no more users spending it.if in mind is normal, then the bitcoin users will always grow, and it makes it never dies. but, a condition that can make it die is when the internet in the world disappear, because bitcoin need for internet access. but, it will not happen.
When internet's gone, but I think that would be next to impossible. Some alto coins might die because they lack sales and marketing strategy or not enough fund and no luck in trading but bitcoin will still remain.....
Bitcoin will only die if all the government or the countries will announce that using Bitcoin is illegal and will ban it for using. But if that not the case, it will be impossible for it to die because of many investors supporting it.
A lot of factors that can lead to the destruction of bitcoin:
1. The ban of bitcoin by all countries. Criminal penalties.
2. The emergence of the ideal althena that will replace bitcoin.
3. Ban the Internet.
4. Energy catastrophe and a world catastrophe.
5. world war and the destruction of civilization.
I don't see any other options.
1. The ban of bitcoin by all countries. Criminal penalties.
2. The emergence of the ideal althena that will replace bitcoin.
3. Ban the Internet.
4. Energy catastrophe and a world catastrophe.
5. world war and the destruction of civilization.
I don't see any other options.
when all the countries in the world ban it and their value would not worth even a penny than people would drop it cuz it don`t bring profits.
It would die if it gets ban through out the world or a more successful altcoin will replace Bitcoin.
this is may have some possibility to be done for cause we are able to see a lot of things and reason about on this that bitcoin are getting ban country by country so bitcoin can ever be disappear someday if this is may ever does for.
Countries can place a ban on it but it still would
be used by the people
Bitcoin can only die if the Internet dies with it
It's as simple as that.
be used by the people
Bitcoin can only die if the Internet dies with it
It's as simple as that.
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Who knows, maybe if governments massively start forbidding it... But im not sure, I dont thing cryptocurrencies will ever disappear, on the contrary, I believe they are actually definning the future How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
i believe only the intrenet connection can stop operation of bitcoin, yes the legality are important for every country accepting bitcoin as new currency i know bitcoin give help for every country adopt bitcoin for grow up the economy in away giving job for the unemployed people as a source of income.
only one reason i can see why bitcoin banned of some country its because they want to regulate bitcoin to collect taxes from the bitcoin user's communtity
or to handle and control of cryptocuurency because we should know cryptocurrency are very expensive value in the market if the government control bitcoin they collect huge of taxes goes into government intitution.
Probably if the situation began to lose more and more confidence in bitcoin users.
A lot of people will likely or tend to leave bitcoin, this is due to the fact that bitcoin is no longer providing benefits to it users.
Though I do not see this happening, bitcoin has big potential and will always provide a lot of benefits to its users if it's properly used.
A lot of people will likely or tend to leave bitcoin, this is due to the fact that bitcoin is no longer providing benefits to it users.
Though I do not see this happening, bitcoin has big potential and will always provide a lot of benefits to its users if it's properly used.
It would die if it gets ban through out the world or a more successful altcoin will replace Bitcoin. But I think it will be impossible unless all the investors pull out there investment in Bitcoin. Bitcoin since started it has been the reference of other altcoins. Yes there are altcoins that have much greater road map to Bitcoin but for me, they only exist because of Bitcoin.
Bitcoin will die if the people using it, will think that it is worthless. One possibility is when there is another cryptocurrency that has better system than bitcoin and people will shift from bitcoin into this better cryptocurrency.
Bitcoin will die only if the government of all nation stop the existence of it in their country. Or if the government of every countries ban their countrymen to patronize bitcoin, may the and only then the bitcoin will die. But anyway, bitcoin to die is still very impossible, just by looking on how many people who patronize bitcoin, this kind of question is really impossible to happen.
maybe bitcoin will die when all countries decide to ban bitcoin permanently. so nobody uses bitcoin because it is already banned and maybe its use will be captured by the authorities. but it is not possible to die because there are still countries that use bitcoin as their economic growth, so bitcoin is hard to be permanently banned. maybe bitcoin will improve its work system to be eligible for use by all countries in the world.
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 it could be die of the owner of bitcoin die also
Bitcoin may die if ever a new investment scheme will appear that will give people a much higher return. But I think it will take many years before this happens. Bitcoin is still in the front seat and no other new altcoin yet is close in beating 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 believe only the intrenet connection can stop operation of bitcoin, yes the legality are important for every country accepting bitcoin as new currency i know bitcoin give help for every country adopt bitcoin for grow up the economy in away giving job for the unemployed people as a source of income.
only one reason i can see why bitcoin banned of some country its because they want to regulate bitcoin to collect taxes from the bitcoin user's communtity
or to handle and control of cryptocuurency because we should know cryptocurrency are very expensive value in the market if the government control bitcoin they collect huge of taxes goes into government intitution.
When different countries and media start to discourage the use of bitcoin, or when the coin face a huge controversy (hack, tech difficulty, etc). People will start to sell their positions, prices will surge down, then we can say bitcoin is now dead.
We are just talking on the possibilities relating to circulation but speaking on technical if theres no internet then bitcoin cant circulate.bitcoin will die if it's value will fall down and people will stop using it and it will cause some instances that will make a certain person poor and not to sustain their everyday need.
If there is no demand and a lack of interest in Bitcoin, perhaps this situation is feared will aggravate the stability of the situation from Bitcoin, but not to the point of death. and since these two factors are in contrast to the actual situation today, the fact is that Bitcoin is getting more and more popular and the enthusiasm of the world community to adopt Bitcoin is increasing, it seems that Bitcoin will not die.
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