Topic: In what situation would Bitcoin die? - page 42. (Read 101822 times)
Probably, when people stop investing to bitcoin because no money will enter the bitcoin community and it will make no money for the members who joined bitcoin world. Also, if there would be no progress, it will surely die.
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 bitcoin would only die if there is no internet and if theres a black out worldwide, because bitcoin is mainly online or a digital money. so if you cant acces online then you cant use bitcoin unless you have an offline wallet or a paper wallet but i think it still useless because transaction still use internet conection.
the most important thing is that no one else uses crytocurrency, I think that's where it ends.
so far bitcoin is much in the lyrics by any country and some of them want to have bitcoin, since the news about bitcoin ranging from the theft of bitcoin through chat any lot of the hacker by hackers but it is easy to overcome only that we always think if bitcoin is exposed to a big security threat and it could just turn off bitcoin but I'm sure bitcoin will still stand up to decades because only bitcoin is easy to make transactions..
I think only underlying technical failure would manage to kill Bitcoin.
may be
I think only underlying technical failure would manage to kill Bitcoin.
Anything happening so quick will attract the eyes of government. If bitcoin price has increased gradually, government would have not given a shit about it. Since the price of bitcoin increased drastically, it caught into the eyes of the government. I would not blame the government. Rather i would blame the people. Whenever some opportunity arises, people just go and fall for it immediately. When people noticed the bitcoin growth, many people purchased huge volumes in a hope the price will go even further up. Because of huge volumes of buy, the price increased very quickly. Because the price went above the gold, it caught into the eyes of government. Every government wants their fiat money to be preferred by the people, because government has control over it. So government will not be interested on these cryptocurrencies.
Anytime government can restrict cryptocurrencies in their respective countries. When the major countries restrict, it is going to be a crash for sure.
But as of now we have relief because japan is supporting bitcoin which does a huge volume. Hope other major countries too support the bitcoins.
Anytime government can restrict cryptocurrencies in their respective countries. When the major countries restrict, it is going to be a crash for sure.
But as of now we have relief because japan is supporting bitcoin which does a huge volume. Hope other major countries too support the bitcoins.
Maybe if somehow there is a great security threat related to bitcoin that will affect it reliability as a currency that may cause people to stop investing or using it.
I think Bitcoin will dead if every country decides to ban Bitcoin permanently. Then, there will be no more people using Bitcoin because they might be arrested in this condition. And bitcoin can also be dead if there are a new cryptocurrency which is more profitable, more advance and can fix most of the bug of bitcoin. In the future, there will be more cryptos qualifying these facors.
I agree with you. That is my worst nightmare for bitcoin to get banned by almost all the major countries or all the countries that has a power and huge effect on most of the smaller countries than them and if they are going to ban bitcoin then the price of bitcoin will just go down and it will become useless since there is no user for bitcoin.I think Bitcoin will dead if every country decides to ban Bitcoin permanently. Then, there will be no more people using Bitcoin because they might be arrested in this condition. And bitcoin can also be dead if there are a new cryptocurrency which is more profitable, more advance and can fix most of the bug of bitcoin. In the future, there will be more cryptos qualifying these facors.
I agree with you. That is my worst nightmare for bitcoin to get banned by almost all the major countries or all the countries that has a power and huge effect on most of the smaller countries than them and if they are going to ban bitcoin then the price of bitcoin will just go down and it will become useless since there is no user for bitcoin. 
I think Bitcoin will dead if every country decides to ban Bitcoin permanently. Then, there will be no more people using Bitcoin because they might be arrested in this condition. And bitcoin can also be dead if there are a new cryptocurrency which is more profitable, more advance and can fix most of the bug of bitcoin. In the future, there will be more cryptos qualifying these facors.
when all government bans, it won't grow bigger. it will crash
crypto ban would be huge publicity for crypto.. it will grow even bigger
it may die, when all the governments ban cryptocurrencies.
Bitcoin is a cryptocurrency so it means it uses internet for it to be transferred or to be used.I think that if the internet dies,bitcoin will be very much affected.Not only the bitcoin but all the cryptocurrencies out there.
If that would ever happen the eventually the economy of every country will also going to have a drop down, or worse currency would be not so relevant anymore. If you would think about it internet is the heart of communication is it not? So If it really happen all the transaction of other countries is not gonna as relevant as it was, although we still have radio communication still internet is the one thing that made it even more stronger and easier. 
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
As of the moment no situation what so ever will cause bitcoin to die,may be the prices can crash or along with the price crash of bitcoin ,other cryptos also start crashing(which is happening right now because of a bastard who has a lot of power in his speech,aka Jamie Dimon,CEO of JP Morgan Chase) or may be there is this slightest possibility of bitcoin being replaced by any alt in the future. Even if prices do crash one thing is for sure and what we have seen in the past,bitcoin always recovers and all altcoins join along with 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 that the only situation bitcoin will die is by the limitation of available devices and gadgets to have some transaction using Bitcoin. Also, since devices are highly depending on power and or electricity to run, so if there are any interference in a local are like power outage and other natural disasters then the use of Bitcoins will be very much limited. That’s why some conventional cash that are made from paper and precious metals will still be used even if bitcoin became legalized.
The only situation that Bitcoin can die is by the limitation of available devices and gadgets to transact using Bitcoin. Also since devices highly depends on power and electricity to run if there are any interference in an area like power outage and other natural and man made disasters then the use of Bitcoins will be much limited. That’s why conventional cash made from paper and precious metals will still be used even if bitcoin became widely available.
In a situation where the whole world would ban bitcoin and the altcoins. Bitcoin would then surely fall, and everyone would lose their money.
It maybe will last a few years when the ban is new.
It maybe will last a few years when the ban is new.
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 the most important thing that bitcoin would end is that if technology would be nothing. Technology is a thing that makes everything online works. I believe bitcoin wouldn't end because technology has been rampant right now.How it will die and what will be the reason. I do not understand these phenomena. Just keep buying and hold bitcoin in your wallets, and it will give you a huge profit in the future.
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