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Topic: In what situation would Bitcoin die? - page 56. (Read 101822 times)

newbie
Activity: 30
Merit: 0
August 08, 2017, 10:37:11 AM
Err, a criminal gang kidnap the U.S. Presidents daughter and demand BTC for payment... I think Mr Trump might react badly to this.
hero member
Activity: 1680
Merit: 655
August 08, 2017, 07:11:19 AM
I think it is not possible,if network dead then only bitcoin will die.bitcoin banned by government then only it will possible.
There are few government that banned bitcoin and bitcoin is still a live so i don't think that banning bitcoin will push its death because bitcoin is a strong cryptocurrency and nothing can stop bitcoin even if the internet will shutdown, bitcoin will still be there and will comeback as long as the internet goes online again.
Actually the banning process is only a temporary action by a government. Look at the years before, all U.S. States before totally made Marijuana illegal to be use right now there are certain states in which smoking pot is totally legal. If this countries see the benefits of Bitcoin to their economy it will totally rescind the ban on Bitcoin. Look at the Russian Government from what I know they are overturning the ban on Bitcoin.
sr. member
Activity: 434
Merit: 252
August 08, 2017, 06:46:43 AM
Bitcoin will not die never. It's the whole economy which is not subject to the government and functions only on mathematical laws. This is a perfect example in order to run the economy of any country if the officials did not steal money from the budget.
sr. member
Activity: 1148
Merit: 300
August 08, 2017, 06:43:06 AM
I think it is not possible,if network dead then only bitcoin will die.bitcoin banned by government then only it will possible.
There are few government that banned bitcoin and bitcoin is still a live so i don't think that banning bitcoin will push its death because bitcoin is a strong cryptocurrency and nothing can stop bitcoin even if the internet will shutdown, bitcoin will still be there and will comeback as long as the internet goes online again.
yes i agree i really dont believe that bitcoin will going to die.because it has a great demand.i think if the demand is low it can also get low in terms of value but if we say it is going to die no! It is not possible
hero member
Activity: 2590
Merit: 644
August 08, 2017, 06:38:45 AM
I think it is not possible,if network dead then only bitcoin will die.bitcoin banned by government then only it will possible.
There are few government that banned bitcoin and bitcoin is still a live so i don't think that banning bitcoin will push its death because bitcoin is a strong cryptocurrency and nothing can stop bitcoin even if the internet will shutdown, bitcoin will still be there and will comeback as long as the internet goes online again.
newbie
Activity: 25
Merit: 0
August 08, 2017, 06:08:56 AM
I think it is not possible,if network dead then only bitcoin will die.bitcoin banned by government then only it will possible.
full member
Activity: 210
Merit: 100
August 08, 2017, 04:09:44 AM
one day, it would cost more electricity to mine. so there is no profit at all for any miners in the world. the price would drop, it would cause FUD and bitcoin will die
full member
Activity: 197
Merit: 100
August 08, 2017, 04:05:11 AM
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

This is a very interesting question. I think it is possible if in the future other cryptocurrencies supersede it in value and acceptance in many important countries, it may cause bitcoin to slowly die off. Or maybe a saturation of the cryptocurrency market.
full member
Activity: 293
Merit: 100
August 08, 2017, 04:01:20 AM
If network and internet is dead then only bitcoin dead.bitcoin is not accepting in some countries,because some problems with bitcoin,it is not transparent and can do transactions with anonymous names.here we have chances of gambling with bitcoins.if world wide people against with bitcoin we can vanish it.but it is not possible,bitcoin will be there forever. Grin
Yes, one thing is the existence of internet. If internet dies, so is bitcoin. Another thing is another cryptocurrency will evolve and with more advance technology, thus there will he a massive transfer of usage from bitcoin to that new cryptocurrency. If low demand of bitcoin, eventually bitcoin will die. So, it's really not that possible that it will happen decades from now.
newbie
Activity: 61
Merit: 0
August 08, 2017, 02:29:34 AM
If network and internet is dead then only bitcoin dead.bitcoin is not accepting in some countries,because some problems with bitcoin,it is not transparent and can do transactions with anonymous names.here we have chances of gambling with bitcoins.if world wide people against with bitcoin we can vanish it.but it is not possible,bitcoin will be there forever. Grin
full member
Activity: 252
Merit: 100
August 08, 2017, 02:26:42 AM
In my opinion, there are 3 areas that may bring down Bitcoin to an end.

1) Political- We can never say anything or question the government. If they feel that Bitcoin is affecting the country's economy, then they might ban it for that country.
2) Financial Crisis- We all know how financial crisis affects the whole world economy. With that, Bitcoin as something that is not yet stable and big like the other areas of the economy, might die together with the downfall of the world economy.
3) Internet Crash- Because who knows, maybe some day the internet will just become down and inaccesible because of factors such as protection due to nation conflicts.
hero member
Activity: 3038
Merit: 634
August 08, 2017, 01:16:41 AM
It will eventually die when nobody invest in bitcoin like any artist when nobody support her or him, they are already useless. Bitcoin will consider useless without any investors.

This is the only way that bitcoin will be dead meat. But since then I doubt it that bitcoin will be dying very soon.

There's a lot of new coins that are coming out and keeps on saying that they are better than bitcoin and will take over the place.

But no one did ever win.
bitcoin could move up so fast and skyrocketing , then why not it's get drop so deep until even completely disappeared? satoshi itself have said about this i guess. the future of bitcoin are in our own hands. if you still need it to use for whatever reason then bitcoin wouldn't die as long as there's an interest even from a small groups. for now i can only see the growth of bitcoin getting faster and faster. so there's nothing to worry.

We have the control on bitcoin's economy if we will support it then it won't be dying easily.

But if we choose to condemn it then bitcoin will be dying easily. As I can see today with bitcoin's situation, it's no way to be dead.
hero member
Activity: 3052
Merit: 685
August 07, 2017, 11:55:29 PM
No demand, yeah. You can imagine this :
(If) there is someone who had bought all Bitcoin, and hold them all for long time, or for some reason he didn't want to sell, lol Grin so there is no more Bitcoin in the world Grin
LOL, only idiot will do that, how in the world will he hold bitcoin when he is not getting any benefits from it, let's be realistic, we know that what made bitcoin increase its value is because of the demand without it, bitcoin will be dead.
Just like what happen in the past when there was a panic and it almost made bitcoin dead because the market collapse but good thing there are still people who trust it and circulate bitcoin so now we are in sitting in success.
sr. member
Activity: 476
Merit: 255
August 07, 2017, 11:30:24 PM
No demand, yeah. You can imagine this :
(If) there is someone who had bought all Bitcoin, and hold them all for long time, or for some reason he didn't want to sell, lol Grin so there is no more Bitcoin in the world Grin
full member
Activity: 238
Merit: 100
August 07, 2017, 11:29:41 PM
Maybe bitcoin will die if it's doomsday, because i still expect new generation of bitcoin, like what is the generation of bitcoin generation Huh
legendary
Activity: 1442
Merit: 1008
August 07, 2017, 11:07:38 PM
It will eventually die when nobody invest in bitcoin like any artist when nobody support her or him, they are already useless. Bitcoin will consider useless without any investors.

This is the only way that bitcoin will be dead meat. But since then I doubt it that bitcoin will be dying very soon.

There's a lot of new coins that are coming out and keeps on saying that they are better than bitcoin and will take over the place.

But no one did ever win.
bitcoin could move up so fast and skyrocketing , then why not it's get drop so deep until even completely disappeared? satoshi itself have said about this i guess. the future of bitcoin are in our own hands. if you still need it to use for whatever reason then bitcoin wouldn't die as long as there's an interest even from a small groups. for now i can only see the growth of bitcoin getting faster and faster. so there's nothing to worry.
sr. member
Activity: 518
Merit: 250
August 07, 2017, 11:00:29 PM
one thing's for sure, no demand to use cryptocurrency which is not possible

No demand, yeah, it's possible but I'm not looking forward. Bitcoin is the future and we're now living its various benefits.
I do not see that bitcoin would lost a demand by the users, bitcoin continuous to adopt by people and countries that is why the demand will continuous to increase also the traders not stop to make a demand in bitcoin.
I think only blockchain can die bitcoin when it will stop to operate.
Well, if Blockchain system of Bitcoin can't running normally or always congested like before active BIP91, Bitcoin will loss many user and maybe not have people use Bitcoin is that time, because they transfer Bitcoin to other altcoin can use normal as Ethereum, Digibyte, Ripple ...
hero member
Activity: 3038
Merit: 634
August 07, 2017, 10:53:21 PM
It will eventually die when nobody invest in bitcoin like any artist when nobody support her or him, they are already useless. Bitcoin will consider useless without any investors.

This is the only way that bitcoin will be dead meat. But since then I doubt it that bitcoin will be dying very soon.

There's a lot of new coins that are coming out and keeps on saying that they are better than bitcoin and will take over the place.

But no one did ever win.
sr. member
Activity: 532
Merit: 280
August 07, 2017, 10:53:21 PM
one thing's for sure, no demand to use cryptocurrency which is not possible

No demand, yeah, it's possible but I'm not looking forward. Bitcoin is the future and we're now living its various benefits.
I do not see that bitcoin would lost a demand by the users, bitcoin continuous to adopt by people and countries that is why the demand will continuous to increase also the traders not stop to make a demand in bitcoin.
I think only blockchain can die bitcoin when it will stop to operate.
sr. member
Activity: 378
Merit: 250
Embrace change
August 07, 2017, 10:46:06 PM
one thing's for sure, no demand to use cryptocurrency which is not possible

No demand, yeah, it's possible but I'm not looking forward. Bitcoin is the future and we're now living its various benefits.
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