Topic: In what situation would Bitcoin die? - page 28. (Read 101822 times)
When there is no investors, traders and demand is getting low that will be the possible when the bitcoin is going to die. But as we can see as of now there were many people who want to invest, to trade on it especially those business man.
The only possible ways bitcoin could die down easily is when the internet service provider have stop working or refuse to made data bundle available for their customers. This could be the only situation where bitcoin can die down since its operation require internet services.
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Two situation here are the possibilities that bitcoin can lead to loss of the users or the world ban. These two are the most rational thing that could happen by the time
Bitcoin won't die by fire, Bitcoin won't die by ice.
Bitcoin controlled by the Chinese, Bitcoin with the ever increasing fees.
Bitcoin confusing the delusional, Bitcoin's destiny already conclusional.
Die it might, die it may, Odds are, it won't die today.
But fate is a tricky foe, and not all dangers are foreseeable, Especially by the masses of naive gullible, who pretend their genius is believable.
So now we know that Bitcoin's greatest foe is the apathy of the unaware, who have not a care if Bitcoin dies today, tomorrow, or whenever, Since they have already found a Cryptocoin they deem better.
Bitcoin controlled by the Chinese, Bitcoin with the ever increasing fees.
Bitcoin confusing the delusional, Bitcoin's destiny already conclusional.
Die it might, die it may, Odds are, it won't die today.
But fate is a tricky foe, and not all dangers are foreseeable, Especially by the masses of naive gullible, who pretend their genius is believable.
So now we know that Bitcoin's greatest foe is the apathy of the unaware, who have not a care if Bitcoin dies today, tomorrow, or whenever, Since they have already found a Cryptocoin they deem better.
Well if everyone stop using it then it becomes worthless, or if the government interfere in the transaction and usage of it then there is a possibility of Bitcoin to die.
according to my experience in business a product in market going do die only when the customers of product is going to decreasing just like that bitcoin is also a product and if we can see customer of bitcoin then they are increasing day by day so bitcoin life will also increasing as the customers of bitcoin is increasing.
There is no customer and bitcoin is not a product.
Thus, don't think it's a market product. Think about a technological innovation instead. And think about the market value bitcoin created. Think about all the demand to bitcoin.
according to my experience in business a product in market going do die only when the customers of product is going to decreasing just like that bitcoin is also a product and if we can see customer of bitcoin then they are increasing day by day so bitcoin life will also increasing as the customers of bitcoin is increasing.
If the transaction fee remains this high, then Bitcoin will die slowly. I have checked the fee right now and it is around 900 Satoshi per Byte. A few weeks back, I used to pay 5% of that amount as fee.
We all know that there is more likely a negative percentage of possibility that internet connection can be cut through out the world. What I see as reason for bitcoin to die is the possibility that the government might interfere with its transactions and/or when it impose a rule against using bitcoin. A rise of another strong cryptocurrency or other digital investment may also be one factor.
which seems to have started happening lately and the current price changes on network can be a governs manipulations by letting more fiat money on network in the name of stocks and future market.
maybe we, the crypto world, were a little too excited and didnt thought much and just let the so call trades, Whales, to come to our world and start making decision for us
of course, its just a opinion, it can be easily criticized
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 and if
No more internet network in the world
Already there are no longer people who are interested in using bitcoin
All states prohibit using bitcoin
We all know that there is more likely a negative percentage of possibility that internet connection can be cut through out the world. What I see as reason for bitcoin to die is the possibility that the government might interfere with its transactions and/or when it impose a rule against using bitcoin. A rise of another strong cryptocurrency or other digital investment may also be one factor.
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
of course bitcoin ends one of the reasons because there is no internet access anymore in this world and if bitcoin is strictly forbidden to be accessed by government in a country, for now although bitcoin value is not so stable still accessible How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin would end up only, if all users will be gone away or disappear in this industry, and that will happen only if the features of bitcoin will no longer be implement and not function properly which might cause of the community be get disappointed unto it. which will lead the value goes down into zero.
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 and if
No more internet network in the world
Already there are no longer people who are interested in using bitcoin
All states prohibit using bitcoin
There are many situations. 1 ban on the whole world. One virus is capable of stealing data from all users. It is possible that shatoshi will appear, bringing with it millions of bits, causing the market to collapse
In the bitcoin situation the price will drop drastically and the bitcoin price will not rise again and every country will ban bitcoin from transacting. Maybe that's where bitcoin is worthless
I think there is no clear situation though which we can say that bitcoin would die but if it is completely banned everywhere in the world or if it is declared as illegal currency in the world then may it will die. or the other reason is the existence of internet if internet is turned off then there will be no access of digital currency so we can say that bitcoin may die then. there is no clear ways which can decide the future of bitcoin and in my opinion bitcoin will become more popular in the world because everywhere now it is accepted.
If any other cryptocurrency comes better than bitcoin then that coin will replace the value of bitcoin and then bitcoin will depreciate ultimately but I hope it will not happen at all.
its not possible to happen so soon, at least for next few years
bitcoin will be the dominant crypto currency unless others evolve and it needs time for others to do
currently with the bitcoin crash, all altcoins have started their rally to move up to see if they can goes near the bitcoin
Of course it is not. Bitcoin went down just momentarily but as you can see now people are buying bitcoins at this incredibly relatively low amount. This is a good buy. I think this is good for people who are holding both altcoins and bitcoins. Since bitcoin is down, altcoins are going to have their price increase in btc (not in USD) and it's a good time to sell altcoins. When bitcoin has finally picked up the price that it used to have, you can then sell the bitcoins that you have made from selling altcoins.
I really don't think that bitcoin will not be able to adopt to whatever gimmicks these altcoins have made. In case some altcoin out there released a network with a lightning confirmation, bitcoin can easily adopt to it because the information is already out there. It will totally be shady for that coin to have zero information out there about how their transactions work and how they were able to do it like that. Because why wouldn't they release that? Maybe something else is going on although they can simply say that they are protecting that information to prevent having their mechanism copied by other cryptocurrencies but I would totally doubt that they are telling the truth if so.
If any other cryptocurrency comes better than bitcoin then that coin will replace the value of bitcoin and then bitcoin will depreciate ultimately but I hope it will not happen at all.
its not possible to happen so soon, at least for next few years
bitcoin will be the dominant crypto currency unless others evolve and it needs time for others to do
currently with the bitcoin crash, all altcoins have started their rally to move up to see if they can goes near the bitcoin
If any other cryptocurrency comes better than bitcoin then that coin will replace the value of bitcoin and then bitcoin will depreciate ultimately but I hope it will not happen at all.
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
when bitcoin is no longer in demand the bitcoin will die. but as long as bitcoin is still in interest, bitcoin will always live.
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