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Topic: In what situation would Bitcoin die? - page 36. (Read 101822 times)

full member
Activity: 461
Merit: 101
November 06, 2017, 04:59:13 AM
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
im not sure if when or what situation when bitcoin die.in my mind the one i can imagine that the scenario that bitcoin maybe die is if all country and government become unity and decide to banned the bitcoin but i know its impossible because there's one country who create the bitcoin that's why it is impossible we see that the value of bitcoin if become fall down. it survived and rise up again. so it is difficult to predict that will bitcoin how die
newbie
Activity: 28
Merit: 0
November 06, 2017, 04:56:19 AM
Not people used, when the bitcoin not used certainly bitcoin will die, but Im sure it will not happen in the near future.Bitcoin will continues and more popular
newbie
Activity: 7
Merit: 0
November 06, 2017, 04:52:32 AM
Bitcoin will never die as you can see . It grew from 0.01 to 6000 but it still continue to grow up even if here will be bad situatiions
Bitcoin would die only if we wont have power electricity anymore . Just think a bit , if all world wont be able to use power electricity all it industry will die
I don't agree with you because there is always a possibility that bitcoin will die because if bitcoin will have a stable value then no one would be interested in bitcoin anymore and will become less popular because the people are here to earn money.
sr. member
Activity: 1078
Merit: 250
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November 06, 2017, 04:50:30 AM
There are many reasons for Bitcoin to die, but without the internet it is unlikely Bitcoin will survive because all of today's markets use the internet to connect. If there is no internet, then no market can survive and will destroy the entire cryptocurrency ecosystem
sr. member
Activity: 517
Merit: 250
November 06, 2017, 04:42:43 AM

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
sr. member
Activity: 574
Merit: 256
November 02, 2017, 01:08:26 PM
Bitcoin is a type of cryptocurrency which is totally depended upon its demand and popularity.The day when it's popularity and demand will decrease, that day bitcoin will start falling.If government bans the use of Bitcoin then automatically number of it's users will decrease which will decrease it's demand .In future if demand for  some other altcoin increases then it will lead to the reduction in the demand of Bitcoin and if the demand will decrease the price will automatically decrease.These are the situations in which Bitcoin will die .
jr. member
Activity: 55
Merit: 10
November 02, 2017, 10:57:37 AM
There is no exchanger, I fret if the Federal government prohibits exchangers settle for bitcoin for money laundry, avoid taxes and so forth. If there is no exchanger, surely bitcoin will die.
newbie
Activity: 26
Merit: 0
October 23, 2017, 02:08:01 PM
If Bitcoin doesn't get a revamp or some surplus update, the 21,000,000 supply will likely be the death of BTC long term. In no way are users able to continue growth if they can't get anywhere when the full amount has been transferred into a large split.

Wallets have the largest supply, but if some small amounts are to be split and never used by millions of inside inactive desktop wallets, this'll eat up its use.
full member
Activity: 308
Merit: 100
October 23, 2017, 01:56:44 PM
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

Neither technology or legality issues will stop it, only the people who uses it and the market and services available then if that happens all bitcoins would stop circulating and become obsolete which might result to going back to usual currency or a birth of a new cryptocurrency but I doubt that it would happen.
sr. member
Activity: 1400
Merit: 283
October 23, 2017, 01:13:48 PM
bitcoin will die in the event of world war, and in the market nobody uses bitcoin anymore, that's my bitcoin I think will die
Yes I agree with you when the people stop to use bitcoin that can be only reason that bitcoin will die the rest of bitcoin can survive for a long time because bitcoin know how to handle problems I remember when china banned bitcoin and the way bitcoin fight against china so I can’t from get and I’m sure that bitcoin will never die and will survive for ever.
I think the only thing that can kill bitcoin is goverments, not only goverments can ban  thier poeple from using bitcoin which will have a massive effect on the price cuz even if poeple still use it investors and bussnies owners won't be able to which will freez its progress, another thing is goverments could slowly kill bitcoin, and that is by taxing it, taxing bitcon depending on its price will make poeple feel that it is become another controlled thing by the goverment, which is why poeple were using it in the first place, and by doing so the goverment could destroy the bitcoin indirectly and while avoiding all the drama.
hero member
Activity: 2884
Merit: 579
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October 23, 2017, 01:13:44 PM
The situation that bitcoin will die if all the countries have an agreement that they will no longer going to support bitcoin and on that case there will no person that will use bitcoin. Everyone will be pulling out their investment and that's the time that bitcoin will be dying as a cryptocurrency.
newbie
Activity: 16
Merit: 0
October 23, 2017, 01:00:27 PM
Bitcoin will never die as you can see . It grew from 0.01 to 6000 but it still continue to grow up even if here will be bad situatiions
Bitcoin would die only if we wont have power electricity anymore . Just think a bit , if all world wont be able to use power electricity all it industry will die
perfect reply but i want to add one more situation if another currency like dash can take place of bit coin then bit coin can die.
Also if people loose intrest on the bitcoin then also it can die.As only us the people can control the bitcoin market so this the main thing about bitcoin.
It will die only if people are no more interested in crypto currency.
sr. member
Activity: 574
Merit: 255
October 23, 2017, 12:57:47 PM
Bitcoin will never die as you can see . It grew from 0.01 to 6000 but it still continue to grow up even if here will be bad situatiions
Bitcoin would die only if we wont have power electricity anymore . Just think a bit , if all world wont be able to use power electricity all it industry will die
member
Activity: 73
Merit: 10
October 23, 2017, 12:53:40 PM
An idea dies when everyone stop supporting it.

I look at crypto's like on assets to which there is increased demand at the moment. This only stimulates the market and makes more people involved and as we know greed rules the world and belive it or not if people want something they won't stop till they get it. Since BTC will stop producing new bitcoins in some time now, there will be some altcoins that will increase their value significantly as well. It can die only if something better working comes in the market and people reinvest their assets.
sr. member
Activity: 1236
Merit: 252
October 23, 2017, 12:17:16 PM
bitcoin will die in the event of world war, and in the market nobody uses bitcoin anymore, that's my bitcoin I think will die
Yes I agree with you when the people stop to use bitcoin that can be only reason that bitcoin will die the rest of bitcoin can survive for a long time because bitcoin know how to handle problems I remember when china banned bitcoin and the way bitcoin fight against china so I can’t from get and I’m sure that bitcoin will never die and will survive for ever.
hero member
Activity: 2590
Merit: 644
October 22, 2017, 07:57:29 AM
Bitcoin will die maybe if government in every country will united and stop the operation of blockchain anywhere around the world, or they will banned cryptocurrency in any spot of the world, because of possibilities that bitcoin may associated with crime act like money laundering and any illegal trading.

Impossible. Even if the governments decided to do this. People wouldn't listen to the ban.
I don't think that people will not listen to the order of the government because if they will not listen to the order of the government then they will possibly arrest the people who are not listening and it will cause for the other people to have some fear about the arresting scenarios and they will surely obey the order of the government.
full member
Activity: 134
Merit: 147
October 22, 2017, 05:49:49 AM
Bitcoin will die maybe if government in every country will united and stop the operation of blockchain anywhere around the world, or they will banned cryptocurrency in any spot of the world, because of possibilities that bitcoin may associated with crime act like money laundering and any illegal trading.

Impossible. Even if the governments decided to do this. People wouldn't listen to the ban.
full member
Activity: 336
Merit: 100
October 22, 2017, 05:42:42 AM
Bitcoin will die maybe if government in every country will united and stop the operation of blockchain anywhere around the world, or they will banned cryptocurrency in any spot of the world, because of possibilities that bitcoin may associated with crime act like money laundering and any illegal trading.
sr. member
Activity: 868
Merit: 256
October 22, 2017, 05:32:43 AM
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
If the government ban the bitcoin and prohibit their people to use it and also prohibiting the country to use internet publicly so no internet no access to bitcoin. But i don't think that bitcoin will die easily, now that many people uses it and it has a good reputation. We wish that Bitcoin will not die now a days it has good reputation and and benefits. So lets wish that Bitcoin will not die now a days and become much more famous and in demand to others.
member
Activity: 112
Merit: 10
October 22, 2017, 04:45:31 AM
Bitcoin will be probably banned in a few countries anyway so we don't have to worry about it. The biggest threat are hard forks. I always say that they are great because they help to break the tension in our community but it's also hazardous. Upcoming SegWit2x hard forks is one of the examples. Introducing this hard fork will lead us to centralisation and the end of Bitcoin in the future.
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