Topic: In what situation would Bitcoin die? - page 9. (Read 101794 times)
Bitcoin can be banned if absolutely all countries of the world agree not to use and ban it. Then there is simply nowhere to use bitcoin. Or if something happens to the Internet. But then it will be a very global problem.
Bitcoin will die only if the price of bitcoin falls to zero but I don't think that is ever going to happen as price will keep on going higher and higher in future.
That's the technology, all have periods of popularity. Although the system is very neat and Nice, but if they can't maintain the popularity that has been built so slowly but surely these technologies will die and be replaced with better technology. Bitcoin is indeed likely to be great or very high profits, but that all also depends on users or existing registrants in the bitcoin. Because of all the great help from users and enthusiasts
as much as its difficult to see the death of bitcoin coming, there are factors that may lead to its decline. Government regulations being one of them, if governments decide to impose strict regulations on BTC, it might lower its performance as BTC doesn't do so well under restriction. another major concern is the continuous use of Bitcoin as a form of payment in the Dark web to finance criminal activities. this may lead to difficult restrictions by the governments that may lead to eventual ban of BTC
Bitcoin has grown into an industry, with a lot of interest and not a crash.
Mines, mines, exchanges, blockchain technology, etc., are all supporting BTC.
Unless the world's governments hang together!
Mines, mines, exchanges, blockchain technology, etc., are all supporting BTC.
Unless the world's governments hang together!
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
I don't think that bitcoin will die, it will have some value even if some new technology appear, people will collect it cause it's first of it's kind.Everything around us is evolving, bitcoin will have the same destiny, and I think bitcoin will be only better with the time. Quantum computing is also technology, and why bitcon can adopt on it? For me all mentioned scenarios are lucky guessing, I think bitcoin is strong enough to survive all upcoming problems and threats.
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
if one day the us and china government decide to not accept their citizen using bitcoin then it will be the end of bitcoin.or for exemple if they start to associate bitcoin with terroism..
i wish bitcoin never end
the digital world of bitcoin may end there must be reasons and reasons why. such as ..
If bitcoin is unprofitable and profitable it is a major factor in which bitcoin will be left by its lover.
If bitcoin is unprofitable and profitable it is a major factor in which bitcoin will be left by its lover.
when the times that no one use it and believe .in all materials or either living in this world, the thing is not considering die if its price is going down, they considered its die when no one wants to use it or else all of its users is forgotten about it. bitcoin will goes down and die but as long as too many users still believe and trust to bitcoin. bitcoin stay alive in there heart.
For me bitcoin will only die if no one is supporting it , I mean no one eill going to buy . and also if cryptocurrency is not existing anymore. also if the whole world will ban bitcoin , ofcourse bitcoin will be gone. but I don't think it will going to happen anyway.
In my opinion the only situation that Bitcoin could die is when we face a major disaster wherein we will have a global lose of internet connection. Internet Connection is our only way to access Bitcoin without it Bitcoin is useless.
If most states develop a single strategy to prohibit the circulation of crypto currency and simultaneously criminalize the use of the crypto currency, this can put an end to the crypto currency, since the number of users, bypassing all prohibitions, will drop dramatically. Also, there will definitely not be a crypto currency when the Internet as such disappears. The third variant of the development of events is when people will simply lose interest to it for some reason or there will be a more advanced technology or technology that will easily decrypt all codes and keys to crypto currency purses.
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 will die if there is nobody or come to the point that no one will ever gonna use it. The rate of usage of bitcoin will fall and it will result to dumping of price too. It is sad to know that bitcoin will reach to that point because of the people who are like to banned it and also the person who doesn't want to use it.
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
In today's situation of bitcoin I think it will die if all of the country will banned bitcoin in their economy. We all know how this bitcoin helps us in our everyday needs yet we also know how other person look differently on bitcoin thing. Some people think that bitcoin isn't good or somehow risky so they intended to ban it better than using 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 thibk bitcoin will die in a sense that if people are stop from using that and people are into something new. In that situation bitcoin will slowly fall as well as its price because of the low demand and use of people in a country or specific places yet I think this will not gonna happen because bitcoin is very popular today.
Cryptocurrency will slowly lose its popularity when there is a more sophisticated technology and more secure to replace its position. In my opinion cryptocurrency will not really die only the demand is reduced
I think when the end of bitcoin has come. The main reason of that is totally banning of crypto currency all over the world.
Tha situation that can make bitcoin sinking is tha trust of tha user to keep using bitcoin so that so circulation of bitcoin transactions in tha market stay awake because of tha bitcoin enthusiasts are decreasing then tha price also goes down and tha price decrees make. bitcoin enthusiasts worse and even might think to stop using it because can no longer give them an advantage. but based on what I always imagined is that if bitcoin would get banned world wide but even though there are thing that gets banned there will be always a way to do secretly like drugs, illegal drugs are banned world wide but there are people who sell it secretly right? so if drugs could do it then bitcoin could also do it.
Bitcoin will disappear on the day when the Internet does not exist. Because bitcoin relies on the Internet to trade, it is remedying the Internet's shortcomings.
Although the internet is the heart of bitcoin, but I'm sure that it's not because the internet is not available bitcoin off, but because of the user's influence, as long as there are users and communities then bitcoin will persist, but if the user goes then bitcoin immediately zero.
I think bitcoin will be die if no one use bitcoin. Because people that make bitcoin is worthed. There are a lot of people that use bitcoin for their daily life especially some people in city that so many merchant in there that accept bitcoin.
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