Topic: Possible reasons that Bitcoin will be gone - page 4. (Read 1709 times)
There are also reasons for bitcoin to disappear. All countries banned bitcoins and people did not use bitcoins anymore. Bitcoin no longer trusts and is attacked by hackers. internet no longer exists
The end of bicoin will come when some quantum computer will be able to instanly discover private key for any wallet.
I think if there is no internet we can not do much, I do not know will it happen, enjoy for now, for a good future.
I think the only reason impossible to beat would be: People stop to use Bitcoin.
The raising of Bitcoin it has appeared when the coin reached more people than just some experts in tech. That means that those who make Bitcoin grow are people and it would be people (using and buying it) who will have the power to make Bitcoin gone.
The raising of Bitcoin it has appeared when the coin reached more people than just some experts in tech. That means that those who make Bitcoin grow are people and it would be people (using and buying it) who will have the power to make Bitcoin gone.
Can you think of possible reasons why Bitcoin could be gone, banned or lose value?
Maybe if the government will be alarmed of the continuous hike of its price. They will do things like they will banned bitcoin because they have no control to it. Plus the people that are earning to it dis not pay and would not pay any tax to bitcoin. Shutting down internet connection will likewise be the reason that bitcoin will be gone.
oh, if there is no electricity, the lack of bitcoin won't be our only problem...at this stage, there is less and less probability that it can disappear...too much things is involved in this
There are multiple reasons that will cause bitcoin to be gone, but realistically speaking it may not happen. Reasons are First no Electricity, if this happens bitcoin will not exist and we are back to the dark ages, with this being said, if there is no electricity worldwide then there is no Internet as well. The other reason is that there is no market. If people does not support bitcoin then it will not exist simple as that. Bitcoin still rely on the community that supports it. The hardware and stuff are only secondary to that.
When people realize the price is just artificial and bitcoin itself doesn't have much use as a currency it will die. Many other coins are just better than bitcoin and do their job. Bitcoin was intended as a currency and it's not being used as such. Treating like an asset will only last so long. Fees are also getting a bit too much, specially withdrawals from exchanges/websites.
Yes for the currency use case, but as a digital gold. Gold has always had high fees, low portability and really an artificial value purely used as protection.
If you are going to use a store of value currency bitcoin seems like the obvious solution. I think heavy regulations will come in, but organisations will figure out a way to package it and sell it.
Ok but then people should totally stop treating it like a currency. There is no point in having platforms accept bitcoin as payment if it's just going to be digital gold. No one is buying groceries with gold in real life. There are way too many people and projects that are still treating bitcoin as a currency so if people really want to make bitcoin succeed as digital gold then everyone should actually treat it as that.
the volume of trading is reduced, the number of negative cases about Bitcoin. Maybe both of these are enough to lower the current Bitcoin price. However I think to eliminate the value of Bitcoin is highly unlikely.
Can you think of possible reasons why Bitcoin could be gone, banned or lose value?
One possible cause of bitcoin loss is the government's ban on bitcoin regulation. According to the news I heard that bitcoin will be banned by banks in my country next year. Then how is the bitcoin fate owned by the investor that has been invested. what can still be sold and make money?I don't understand how banks can ban bitcoin? They have absolutely zero control over bitcoin whatsoever? It is true governments may ban bitcoin or deem it to be illegal and I think that's a big challenge it may face but more likely is governments trying to regulate it.
Can you think of possible reasons why Bitcoin could be gone, banned or lose value?
One possible cause of bitcoin loss is the government's ban on bitcoin regulation. According to the news I heard that bitcoin will be banned by banks in my country next year. Then how is the bitcoin fate owned by the investor that has been invested. what can still be sold and make money? 
too many hardforks may destroy bitcoin
Hardforks are actually healthy in my opinion. It just shows how some(definitely not all) forkers are trying to think and try out a solution for the blocksize issues. Hardforks are only bad in terms of price and crypto-newbloods can possible get confused with them seeing lots of coins with "bitcoin" in their names.I can only think of one reason. That is if all the governments ban it internationally.
The point of bitcoin is to have no government control. This will definitely NOT kill bitcoin. I can only see this causing bitcoin's price to crash due to all the fear that could possibly arise if this happens. Crash in price =/= dead.I think that a real threat to Bitcoin could be that if prices keep rising and therefore mining being even more profitable and then many more people wanting to jump on that train and therefore starting to mine. This will lead to a massive energy usage that most countries wont be able to supply. Therefore governments sure will step in and maybe prohibit mining. As mining is something physical, its not that easy to do if its considered illegal. I think that this could become a real issue for Bitcoin and crypto in the future.
Good thinking; but I don't see this happening. More miners = more blocks being mined = higher mining difficulty. If we get a huge surge on miners then profitability will go lower, hence some miners will probably move to some other cryptocurrency to mine for profit. So in the end the miner count and profitability sort of balances out. 
I think that a real threat to Bitcoin could be that if prices keep rising and therefore mining being even more profitable and then many more people wanting to jump on that train and therefore starting to mine. This will lead to a massive energy usage that most countries wont be able to supply. Therefore governments sure will step in and maybe prohibit mining. As mining is something physical, its not that easy to do if its considered illegal. I think that this could become a real issue for Bitcoin and crypto in the future.
I can only think of one reason. That is if all the governments ban it internationally.
This wouldn't kill bitcoin. Bitcoin is decentralized.
Can you think of possible reasons why Bitcoin could be gone, banned or lose value?
If we see the price movement recently, bitcoin has no possibility will be gone forever.
Because every day more people interest to join and feel the power of bitcoin.
One thing i am worry with is banned from all of the country or at least most country in the world.
I think if the miners stopped mining, that would be the end of bitcoin or maybe surpass by other crypto currency
I can only think of one reason. That is if all the governments ban it internationally.
its not gonna happen..but on hearsay when reach 21millions of bitcoins mined they will stop its just hearsay. i really dont know what's going on in future
I don't really think that has any chance to happen that..
This might happen only if something happens in earth and we have no internet anymore (nonsense) or if all people that support bitcoin suddenly stop supporting it, all the miners stop mining it (nonsense)
Even if governments ban bitcoin , they can stop u for using it, even if somehow they do that , always will be a country that will allow it
Long live Bitcoin
This might happen only if something happens in earth and we have no internet anymore (nonsense) or if all people that support bitcoin suddenly stop supporting it, all the miners stop mining it (nonsense)
Even if governments ban bitcoin , they can stop u for using it, even if somehow they do that , always will be a country that will allow it
Long live Bitcoin
When people realize the price is just artificial and bitcoin itself doesn't have much use as a currency it will die. Many other coins are just better than bitcoin and do their job. Bitcoin was intended as a currency and it's not being used as such. Treating like an asset will only last so long. Fees are also getting a bit too much, specially withdrawals from exchanges/websites.
Yes for the currency use case, but as a digital gold. Gold has always had high fees, low portability and really an artificial value purely used as protection.
If you are going to use a store of value currency bitcoin seems like the obvious solution. I think heavy regulations will come in, but organisations will figure out a way to package it and sell it.
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