In what situation would Bitcoin die? - page 80.

whizter

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Quote from: Jonny_DD on April 23, 2017, 04:13:19 PM

Quote from: TribalBob on April 23, 2017, 11:13:20 AM

Quote from: Mr on April 23, 2017, 10:42:11 AM

digital things can not be killed. It bases on the internet and as long as the internet keeps surviving, nothing can harm it. Bitcoin prices may drop but It will never die. BItcoin will exist for a long long time

Bitcoin will surely exist for next 10 years as I don't see any competition to it till that point of time but not sure what will be the scenario after that as the technology gets more advanced then there is a full possibility that it can get replaced by some new technology in future.

I do not think that bitcoin will be replaced in the future. Most likely the one will be improved. But he will remain bitcoin. I believe in the great potential of this currency.
He can not just die like this, this is a unique phenomenon

i also do not think that bitcoin is ever going to die, because bitcoin is becoming popular from time to time and i am hopeful that a time will come when all the people of the world will start using bitcoin, which will make bitcoin as more active currency of the world.

Jonny_DD

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Quote from: TribalBob on April 23, 2017, 11:13:20 AM

Quote from: Mr on April 23, 2017, 10:42:11 AM

digital things can not be killed. It bases on the internet and as long as the internet keeps surviving, nothing can harm it. Bitcoin prices may drop but It will never die. BItcoin will exist for a long long time

Bitcoin will surely exist for next 10 years as I don't see any competition to it till that point of time but not sure what will be the scenario after that as the technology gets more advanced then there is a full possibility that it can get replaced by some new technology in future.

I do not think that bitcoin will be replaced in the future. Most likely the one will be improved. But he will remain bitcoin. I believe in the great potential of this currency.
He can not just die like this, this is a unique phenomenon

deisik

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English ⬄ Russian Translation Services

Quote from: stompix on April 23, 2017, 09:08:33 AM

Quote from: taxmanmt5 on April 23, 2017, 02:09:19 AM

Quote from: Baby Dragon on April 22, 2017, 10:32:06 PM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin

.. Seems like joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die

Really?
Curb you enthusiasm a bit.
If everybody would be shifting from fiat we would have around 4 to 20 billions transactions a day not 200 000.
And this only from personal purchases, not including financial transactions and funds merging from btc receivers.

We are getting there but it's more like 1% a year instead of everybody

I agree that this is a major drawback

In other words, Bitcoin is not yet ready for "production" if we speak in terms of processing capacity. But it has already proved that it can exist, and not just lead a wretched existence and live a dog's life but defy even the most powerful governments as well as currencies. Basically, we face just one major problem, i.e. how to scale up Bitcoin. And the solutions are already there and they fit perfectly into the decentralized paradigm of Bitcoin. Once they are implemented, Bitcoin will get virtually unlimited processing capacity, and this capacity will only increase with further Bitcoin adoption. This is the thing which distinguishes Bitcoin from mastercards and their likes. This is how a genuine money should work

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Quote from: Mr on April 23, 2017, 10:42:11 AM

digital things can not be killed. It bases on the internet and as long as the internet keeps surviving, nothing can harm it. Bitcoin prices may drop but It will never die. BItcoin will exist for a long long time

Bitcoin will surely exist for next 10 years as I don't see any competition to it till that point of time but not sure what will be the scenario after that as the technology gets more advanced then there is a full possibility that it can get replaced by some new technology in future.

deisik

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Quote from: Yakamoto on April 23, 2017, 09:32:39 AM

Quote from: PancherBitCoin on April 23, 2017, 03:56:03 AM

Quote from: hajimasan on April 23, 2017, 02:55:14 AM

Quote from: BigBos on April 23, 2017, 02:36:40 AM

Quote from: taxmanmt5 on April 23, 2017, 02:09:19 AM

Quote from: Baby Dragon on April 22, 2017, 10:32:06 PM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin

.. Seems like joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die

True, without anyone looking for, and using bitcoin, then it will certainly disappear, and no longer needed. But, looking at the circumstances that currently occur, maybe it will not happen, because now more and more people are looking for, and need bitcoin.

Yeah , you said true , the demand of the bitcoin is going increasing speedly so there is no chance of the bitcoin .
But it get die if the whole world make demand to ban the use of bitcoin in whole world , but this is impossible Currently and also in the future Because it has big advantage for us to get earning with bitcoin in bulk .
And also the most of the countries are looking to legalise the bitcoin use , here in my country also legalisation will happen in one to two months .
So here die of bitcoin is impossible and it is worst to think that bitcoin will ever got die .

In my opinion, bitcoin can save legalization, because sooner or later it
will be taken by the special services. This is all due to the use of crypto
currency in the illegal activity and, in addition, the mass evasion of the
oligarchs from the splash of taxes using bitcoins. Crypto currency began
to replace Swiss banks.

I'm not sure what you mean by "bitcoin can save legislation".

As for your Bitcoin being taken by whatever SS you have in your country, I'd be surprised if they're able to ID you if you don't have any defining information about you available. Just take your name/account off of exchanges, use pseudonyms, whatever. That's basically the simplest way to prevent any major things from affecting you.

I guess that poster meant that Bitcoin can be saved by legislation

Though I don't quite see what he might mean by saving Bitcoin in this way. Apart from that, I don't think local special services will have hard time finding out who is behind this or that transaction if the guy they are looking lives in that country or area. If you are an active trader, your name might be already well known to whoever might be interested in the government to pin you up (provided you are really worth it)

Mr

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digital things can not be killed. It bases on the internet and as long as the internet keeps surviving, nothing can harm it. Bitcoin prices may drop but It will never die. BItcoin will exist for a long long time

Yakamoto

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Quote from: PancherBitCoin on April 23, 2017, 03:56:03 AM

Quote from: hajimasan on April 23, 2017, 02:55:14 AM

Quote from: BigBos on April 23, 2017, 02:36:40 AM

Quote from: taxmanmt5 on April 23, 2017, 02:09:19 AM

Quote from: Baby Dragon on April 22, 2017, 10:32:06 PM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin

.. Seems like joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die

True, without anyone looking for, and using bitcoin, then it will certainly disappear, and no longer needed. But, looking at the circumstances that currently occur, maybe it will not happen, because now more and more people are looking for, and need bitcoin.

Yeah , you said true , the demand of the bitcoin is going increasing speedly so there is no chance of the bitcoin .
But it get die if the whole world make demand to ban the use of bitcoin in whole world , but this is impossible Currently and also in the future Because it has big advantage for us to get earning with bitcoin in bulk .
And also the most of the countries are looking to legalise the bitcoin use , here in my country also legalisation will happen in one to two months .
So here die of bitcoin is impossible and it is worst to think that bitcoin will ever got die .

In my opinion, bitcoin can save legalization, because sooner or later it
will be taken by the special services. This is all due to the use of crypto
currency in the illegal activity and, in addition, the mass evasion of the
oligarchs from the splash of taxes using bitcoins. Crypto currency began
to replace Swiss banks.

I'm not sure what you mean by "bitcoin can save legislation".

As for your Bitcoin being taken by whatever SS you have in your country, I'd be surprised if they're able to ID you if you don't have any defining information about you available. Just take your name/account off of exchanges, use pseudonyms, whatever. That's basically the simplest way to prevent any major things from affecting you.

Natalim

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Quote from: thend1949 on April 23, 2017, 05:02:50 AM

Extreme price dump and if people will be able to find an new altcoins that will beat bitcoins price,and popularity.Almost all people dont believe that there maybe some coins that will beat bitcoins but it is really possible

That's possible to happen in the future, crypto is full of surprises so it's good to take chances of holding cheap altcoins now.
No one could tell but if the current situation will change and new coins will emerge, it could change our life and we will be rich.

coinbitte

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Quote from: geschtonkenflapped on February 09, 2017, 12:14:05 PM

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

If no one use it then it would die. I guess this would never gonna happen.

stompix

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Quote from: taxmanmt5 on April 23, 2017, 02:09:19 AM

Quote from: Baby Dragon on April 22, 2017, 10:32:06 PM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin

.. Seems like joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die

Really?
Curb you enthusiasm a bit.
If everybody would be shifting from fiat we would have around 4 to 20 billions transactions a day not 200 000.
And this only from personal purchases, not including financial transactions and funds merging from btc receivers.

We are getting there but it's more like 1% a year instead of everybody.

revans

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Quote from: MWesterweele on April 23, 2017, 09:00:29 AM

Quote from: MWesterweele on March 29, 2017, 01:15:08 PM

Quote from: geschtonkenflapped on February 09, 2017, 12:14:05 PM

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

It will die if no one will be ever use it, or no one can be ever to invest on it. Currencies must be circulate in order for it to live longer and cannot be overcome by other currencies.

yes that's what Iam saying, it will die it no one spends it and no one invested on it. It will die if everybody stores it and keeps it, bitcoin must be circulates in order for it to live very long.

I don't think that everyone is simply holding it and not spending as majority of users are spending them on trading and gambling sites so I don't think that can be a reason behind bitcoin becoming dead and it can disappear only if the price of bitcoins fall to zero level in future and I don't think that is ever possible.

MWesterweele

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Quote from: MWesterweele on March 29, 2017, 01:15:08 PM

Quote from: geschtonkenflapped on February 09, 2017, 12:14:05 PM

How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

It will die if no one will be ever use it, or no one can be ever to invest on it. Currencies must be circulate in order for it to live longer and cannot be overcome by other currencies.

yes that's what Iam saying, it will die it no one spends it and no one invested on it. It will die if everybody stores it and keeps it, bitcoin must be circulates in order for it to live very long.

FlightyPouch

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Quote from: thend1949 on April 23, 2017, 05:02:50 AM

Extreme price dump and if people will be able to find an new altcoins that will beat bitcoins price,and popularity.Almost all people dont believe that there maybe some coins that will beat bitcoins but it is really possible

I don't think about these really, if you think about it, when bitcoin dump it's price, users will be buying bitcoin, they will be taking advantage of the price being dumped. And the price again will be pumping up in no time like there are no extreme dump that happen. And finding a new altcoin that will replace bitcoin is possible, but it will take a lot of years before it happen.

thend1949

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Extreme price dump and if people will be able to find an new altcoins that will beat bitcoins price,and popularity.Almost all people dont believe that there maybe some coins that will beat bitcoins but it is really possible

CuriousGeorge

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Quote from: taxmanmt5 on April 23, 2017, 02:09:19 AM

Quote from: Baby Dragon on April 22, 2017, 10:32:06 PM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin

.. Seems like joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die

contradictory statement you made there, saying no one need bitcoin but saying people moving toward bitcoin from fiat afterwards, your sentence is just as awkward as your logic

chixka000

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If you would based on the idea of bitcoin which is decentralized type of currency then you would understand that it is a peer to peer type of currency as well which means this badly needs the support of the users to keep it alive

PancherBitCoin

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Quote from: hajimasan on April 23, 2017, 02:55:14 AM

Quote from: BigBos on April 23, 2017, 02:36:40 AM

Quote from: taxmanmt5 on April 23, 2017, 02:09:19 AM

Quote from: Baby Dragon on April 22, 2017, 10:32:06 PM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin

.. Seems like joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die

True, without anyone looking for, and using bitcoin, then it will certainly disappear, and no longer needed. But, looking at the circumstances that currently occur, maybe it will not happen, because now more and more people are looking for, and need bitcoin.

Yeah , you said true , the demand of the bitcoin is going increasing speedly so there is no chance of the bitcoin .
But it get die if the whole world make demand to ban the use of bitcoin in whole world , but this is impossible Currently and also in the future Because it has big advantage for us to get earning with bitcoin in bulk .
And also the most of the countries are looking to legalise the bitcoin use , here in my country also legalisation will happen in one to two months .
So here die of bitcoin is impossible and it is worst to think that bitcoin will ever got die .

In my opinion, bitcoin can save legalization, because sooner or later it
will be taken by the special services. This is all due to the use of crypto
currency in the illegal activity and, in addition, the mass evasion of the
oligarchs from the splash of taxes using bitcoins. Crypto currency began
to replace Swiss banks.

hajimasan

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Quote from: BigBos on April 23, 2017, 02:36:40 AM

Quote from: taxmanmt5 on April 23, 2017, 02:09:19 AM

Quote from: Baby Dragon on April 22, 2017, 10:32:06 PM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin

.. Seems like joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die

True, without anyone looking for, and using bitcoin, then it will certainly disappear, and no longer needed. But, looking at the circumstances that currently occur, maybe it will not happen, because now more and more people are looking for, and need bitcoin.

Yeah , you said true , the demand of the bitcoin is going increasing speedly so there is no chance of the bitcoin .
But it get die if the whole world make demand to ban the use of bitcoin in whole world , but this is impossible Currently and also in the future Because it has big advantage for us to get earning with bitcoin in bulk .
And also the most of the countries are looking to legalise the bitcoin use , here in my country also legalisation will happen in one to two months .
So here die of bitcoin is impossible and it is worst to think that bitcoin will ever got die .

BigBos

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Quote from: taxmanmt5 on April 23, 2017, 02:09:19 AM

Quote from: Baby Dragon on April 22, 2017, 10:32:06 PM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin

.. Seems like joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die

True, without anyone looking for, and using bitcoin, then it will certainly disappear, and no longer needed. But, looking at the circumstances that currently occur, maybe it will not happen, because now more and more people are looking for, and need bitcoin.

taxmanmt5

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Quote from: Baby Dragon on April 22, 2017, 10:32:06 PM

If there is no one who uses bitcoin slowly bitcoin will die fast price will rapidly lower at a high speed rate and then bitcoin die if no one demand bitcoin no price increasing.

No one needing bitcoins and no one using the it Grin

.. Seems like joke of the century. We are moving towards the bitcoin word and everyone is shifting from fiat to Bitcoins. So Bitcoins cant die

Topic: In what situation would Bitcoin die? - page 80. (Read 101794 times)