Can you think of possible reasons why Bitcoin could be gone, banned or lose value?
Maybe its possible that bitcoin will be gone if there is a crazy man man buy all the bitcoins and keep them or bitcoin will be out of value if the supply is great demand is low. 
Topic: Possible reasons that Bitcoin will be gone - page 5. (Read 1714 times)
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.
I think only one possible cause of bitcoin can be lost, banned or lost value
is government policy in every country, if government in every country prohibit any sale transaction by bitcoin of course it will bring bad impact on bitcoin, bitcoin will be in and forget
it's like a nightmare, I do not expect it to happen, hopefully bitcoin can be received around the world
is government policy in every country, if government in every country prohibit any sale transaction by bitcoin of course it will bring bad impact on bitcoin, bitcoin will be in and forget
it's like a nightmare, I do not expect it to happen, hopefully bitcoin can be received around the world
too many hardforks may destroy bitcoin
There may be quite a few reason for bitcoins to go away, like in future government may intervene, impose tax on it,make it difficult for the holders to get good value, also if people suddenly lose interest in bitcoins leading to reduced demands causing them to disappear ,and lot of countries might ban bitcoin in the future due to its association with illegal and criminal activity
That could be really the possible reason for bitcoin to gone when the government interfere and ban it in the country because for its illegal use. It will also gone if the internet is not good to use or gone either because every transaction is using it which is impossible for today. It will be gone if anybody interfere and really want it to destroy or make another which is better than bitcoin.
There is no possibility to be gone. It is very promising. It has good price and a lot of user. Demand is also good. So it is not possible to be gone.
Gone: if BTC community does not solve the three majeure technical issues: speed, scaling limitations and transactions fee. Eventually, those who’d like to use bitcoin for its original intended purpose—payments—could become frustrated and leave the network in favor of other cryptocurrencies.
When energy consumption increases and mankind will refuse to build Mann's sphere around the Sun...
There may be quite a few reason for bitcoins to go away, like in future government may intervene, impose tax on it,make it difficult for the holders to get good value, also if people suddenly lose interest in bitcoins leading to reduced demands causing them to disappear ,and lot of countries might ban bitcoin in the future due to its association with illegal and criminal activity
If the barber starts taking payments in Bitcoin then GTFO quick or you will loose bigly!
Another coin who can take place of bitcoin, that can only happens when the gap is way further than bitcoin since small gap between bitcoin and another coin won't do a thing because of the trust to bitcoin that became its innermost of its fundamental. Other reason is somehow impossible, like being banned there is no way bitcoin can be banned at all of the country since it is a good invention that can change ways of market.
When I can go to the fancy restaurant or The Bay or the corner store and pay with bitcoin, I'll trust the platform. Until then, my money is in garbage. We will always need to process our waste. And my house...maybe my kids'. Real estate never loses, not in the long run.
Some famous banker or someone having power in the economic world comes outta nowhere and talks shit about Bitcoin and if people believe him then the prices of Bitcoin will fall down. As it had happened in the case of Jamie . He talked shit about Bitcoin and the prices dropped drastically . Traders stopped using Bitcoins . But later it was revealed that he had faked that news to drop the prices of Bitcoin so that he could buy alot of them and then enjoy the profit.
If there is something better than bitcoin, or maybe the value of bitcoin well go super low. That would cause bitcoin to perish but it has low possibility that bitcoin will be gone. Because for now its always rising everyday.
Possible reasons would be -
1) the bubbles
2) the other coins will rise up and will be more valued than bitcoin
3) if all the government of each country will ban the bitcoin
But still, Bitcoin will stay longer that what other people thought about bubbles. We will wait and see in the coming years. =)
1) the bubbles
2) the other coins will rise up and will be more valued than bitcoin
3) if all the government of each country will ban the bitcoin
But still, Bitcoin will stay longer that what other people thought about bubbles. We will wait and see in the coming years. =)
Bitcoin has been rising all these years just because of more demand and less supply. So if the demand goes down then the supply will increase by the people selling Bitcoin. In that case the price of BTC will keep on depreciating if there is no buyers left. Bitcoin can also crash if there are many unconfirmed transactions filled in the memory pool. When transactions will be delayed people will try to sell off their BTC. Increase in transaction fee might cause trouble to small investors and might become a major issue later on too. These issues are just assumptions and I don't want it to happen either. I <3 BTC 
I think the possibility of missing bitcoin is definitely due to hecker, there must be very many people out there who have great ability and try to steal the bitcoin from everyone.
A much better Alt coin might be more desirable and people will stop using Bitcoin for some reason. This is what Roger Ver and his
minions are aiming to do with these forked coins. Bitcoin can cannibalize any new technology if it is needed and if people want to
push for that, so this might just be a temporary problem.
If someone find some exploit, and people lose tons of coins... then that would also be the end of Bitcoin.
minions are aiming to do with these forked coins. Bitcoin can cannibalize any new technology if it is needed and if people want to
push for that, so this might just be a temporary problem.
If someone find some exploit, and people lose tons of coins... then that would also be the end of Bitcoin.
There are a few that I can think of. Some worldwide electricity/internet failure, a mass attack on bitcoin by governments and corporations in the form of bans etc, some mass failure in bitcoin such as many transactions and funds going missing or a big hack, a major failure in bitcoin exchanges leading again to many funds disappearing. I'm sure there are also more but these are some that I can think of. I must add that I don't think anything can kill bitcoin completely, it will still be traded in some capacity, by 'gone' I mean something like a 90% fall in price.
As someone said here it can be banned in many countries and also no users. The last reason is pretty real due to growth in price that doesn't let new people enter in cryptoworld.
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