when we see a lot of whales selling their bitcoin assets for other interests, then that event will be a coffin for bitcoin.
the reality is like today, bitcoin creates a graph down when the hash battle between BCHABC and BCHSV.
Topic: What "event" will be the nail in the coffin for your Bitcoin goals? (Read 435 times)
November 20, 2018, 06:21:09 PM
November 20, 2018, 06:09:16 PM
A lot of people have their breaking point, where they will throw in the towel. What "event" or "change in technology" will be
your final nail in the coffin for your Bitcoin dreams? A lot of people are looking at the Bitcoin price as a trigger, but that would
be stupid. (The price are mostly manipulated, so this is a bad guideline)
The trigger must be something other than the price. (Example : Major change in the Bitcoin code / Core developer leaving /
Flaw in the protocol / The introduction of a much better technology etc.)
Let's see how many different triggers could cause a mass exodus of Bitcoin supporters.
your final nail in the coffin for your Bitcoin dreams? A lot of people are looking at the Bitcoin price as a trigger, but that would
be stupid. (The price are mostly manipulated, so this is a bad guideline)
The trigger must be something other than the price. (Example : Major change in the Bitcoin code / Core developer leaving /
Flaw in the protocol / The introduction of a much better technology etc.)
Let's see how many different triggers could cause a mass exodus of Bitcoin supporters.
With all this uncertainty about central organisations backing up cryptocurrencies in general, I think the biggest booster to the crypto market economy is bigger adoption and acceptance by there organisations.
November 20, 2018, 06:06:12 PM
if I work according to risk management, I have considered all possible risks. including the conversion of the bitcoin price to zero. so I will be in cryptocurrency until the end, whatever it is.
October 03, 2018, 09:15:56 AM
Yes, bans have worked so great for drugs and alcohol before it. If the internet is still, the Bitcoin will still be around and thriving. There no way the superpowers can get rid of all mining operation, and even if they did, then Bitcoin would return to the little men, and minable with GPUs and CPUs again. Superpowers are likely to race to create the biggest mining operation possible, to control as much of Bitcoin has they can.
That will be the next arms race, Cryptocurrency Mining/Stalking Supremacy.
Bitcoin breakout will come from FEC stamp of approval.
That will be the next arms race, Cryptocurrency Mining/Stalking Supremacy.
Bitcoin breakout will come from FEC stamp of approval.
October 03, 2018, 09:14:54 AM
I don't think that something will happen that will actually influence on my dedication to bitcoin.
Price is important, that is true but it's not the only factor that keeps me with bitcoin as for now I see other advantages that with time will only become more significant so I don't have intention to give up.
Price is important, that is true but it's not the only factor that keeps me with bitcoin as for now I see other advantages that with time will only become more significant so I don't have intention to give up.
October 03, 2018, 09:06:19 AM
I think the nail in the coffin moment for me will be if I found out that some government agency developed Bitcoin to take control of people's wealth. It has happened before that some agencies created honey traps to trace money derived from criminal activities and they even infiltrated Tor exit nodes.
I entered Crypto currencies, because it gave me some financial privacy, so if I found out that this was only a smoke screen, then I would definitely exit the scene. 
I entered Crypto currencies, because it gave me some financial privacy
Personally, I don't think I'd have a problem with that. Call me blasé, but if it did turn out to be one of the three-letter-agencies who were responsible for opening Pandora's Box, the simple truth is, it's out of their hands now. It's no longer controllable by them or anyone else.
Regardless of where it came from, it's ours now.
October 03, 2018, 09:03:25 AM
Yes, bans has worked so great for drugs and alcohol before it. If the is still around, then Bitcoin will still be around. Technically you just one miner, powerful enough to transactions, so really, they cannot ban Bitcoin.
The breakout will be when the those that lead the FEC, decide to buy some, and thus are forced to recongnize it was worthy.
The breakout will be when the those that lead the FEC, decide to buy some, and thus are forced to recongnize it was worthy.
October 03, 2018, 04:05:11 AM
... if it is total ban nation wide.
it is interesting that 4 users already mentioned ban as their "nail in the coffin" i wonder if this is a majority thing since this topic doesn't have that many replies yet. maybe a poll would be nice?
i myself don't care about bans. in fact one of the reasons why i am using bitcoin is the fact that nobody can "ban" me from using it. so i don't see how a ban can change my mind.
I don't see a ban as the "nail in the coffin" but I wouldn't say I don't care. When it comes to small countries like Algeria, it's insignificant.
What about a coordinated ban among world superpowers? How robust is Bitcoin, if major governments start raiding miners and pushing transactions/mining into the black market? What can we do to make it more robust, so that miners and users can safely operate under such conditions?
well that is a very extreme case you are describing here and in that case it would become some sort of exception to what i said. obviously nobody wishes to use something that is globally banned and has a bad reputation because of it.
but i do believe that this will never happen which is why i said what i said above. it is more about one country (like India for example) banning usage of bitcoin while the rest of the world have been adopting bitcoin with open arms.
October 03, 2018, 02:04:17 AM
I think the nail in the coffin moment for me will be if I found out that some government agency developed Bitcoin to take control of people's wealth. It has happened before that some agencies created honey traps to trace money derived from criminal activities and they even infiltrated Tor exit nodes.
I entered Crypto currencies, because it gave me some financial privacy, so if I found out that this was only a smoke screen, then I would definitely exit the scene.
I entered Crypto currencies, because it gave me some financial privacy
that may already be happening with certain altcoins such as Ripple and Ethereum and Dash and are the most centralized and somewhat shady coins that are controlled and managed by centralized groups of people but that can not happen with bitcoin as long as we keep it decentralized like it is today.
I am not to bothered by other Alt coins, because I am primarily invested into Bitcoin.
The conspiracy theorist side in me says that Mike Hearn & Gavin were working for these agencies and that they were mandated to take control over Bitcoin and it failed with Bitcoin XT, so in my opinion there were attempts by these agencies to take control. I am more bothered that all of this was simply smoke & mirrors and that they developed Bitcoin from the start.
there has definitely been a lot of take over attempts in the past, both directly for taking over bitcoin itself or indirectly to take over bitcoin by pumping their altcoins and making people move their money there. for example Dash that was mentioned is one of the groups that funded the spam attacks of last year against bitcoin to increase the backlog and the fees so that they could advertise their coin more and get it used more.... they failed in the end though.
October 03, 2018, 01:53:11 AM
I think the nail in the coffin moment for me will be if I found out that some government agency developed Bitcoin to take control of people's wealth. It has happened before that some agencies created honey traps to trace money derived from criminal activities and they even infiltrated Tor exit nodes.
I entered Crypto currencies, because it gave me some financial privacy, so if I found out that this was only a smoke screen, then I would definitely exit the scene.
I entered Crypto currencies, because it gave me some financial privacy
that may already be happening with certain altcoins such as Ripple and Ethereum and Dash and are the most centralized and somewhat shady coins that are controlled and managed by centralized groups of people but that can not happen with bitcoin as long as we keep it decentralized like it is today.
I am not to bothered by other Alt coins, because I am primarily invested into Bitcoin.
The conspiracy theorist side in me says that Mike Hearn & Gavin were working for these agencies and that they were mandated to take control over Bitcoin and it failed with Bitcoin XT, so in my opinion there were attempts by these agencies to take control. I am more bothered that all of this was simply smoke & mirrors and that they developed Bitcoin from the start.
October 03, 2018, 12:11:27 AM
A much better technology would definitely drove me away from Bitcoin. I mean there's no point holding on to previous tech when it has been outperformed by the latest one. Just like how fiat and other digital payment would be outperformed by Bitcoin in a few years.
that probably wouldn't happen in our lifetime since bitcoin is the new technology that was created to replace the old one and also because bitcoin is also advancing, it didn't stop at 9 years ago.
You got a crystal ball or something?
Bitcoin does have its drawbacks after all. Decentralization is inefficient and costly for users, and POW mining consumes a lot of power.
What if technology emerges that solves third party trust without some / all of those downsides? A lot of people are definitely working on it. I know the technology doesn't exist today, but it would be silly to write off that possibility.
October 02, 2018, 10:44:18 PM
A much better technology would definitely drove me away from Bitcoin. I mean there's no point holding on to previous tech when it has been outperformed by the latest one. Just like how fiat and other digital payment would be outperformed by Bitcoin in a few years.
that probably wouldn't happen in our lifetime since bitcoin is the new technology that was created to replace the old one and also because bitcoin is also advancing, it didn't stop at 9 years ago. the foundation of it is the same but it has been improving and adding additional features. for example with LN there will be another 100 steps forward for bitcoin.
October 02, 2018, 09:31:33 PM
Well I have great reason that I am involved in bitcoin. Bitcoin is the biggest and most valuable coin in the cryptocurrency world and it has done greatly.
Right now there is no logical reason to leave bitcoin but one of the reasons that will make me leave bitcoin is if bitcoin becomes a security token thereby making it under the regulations of external bodies like sec, or any governmental bodies
I'm just interested if bitcoin is under government control, but I think it will make bitcoin safer again. but from that, I also have a reason why I have to go, that is if the government limits the number of transactions from other countries, or takes high taxes on it. Right now there is no logical reason to leave bitcoin but one of the reasons that will make me leave bitcoin is if bitcoin becomes a security token thereby making it under the regulations of external bodies like sec, or any governmental bodies
October 01, 2018, 05:36:13 PM
... if it is total ban nation wide.
it is interesting that 4 users already mentioned ban as their "nail in the coffin" i wonder if this is a majority thing since this topic doesn't have that many replies yet. maybe a poll would be nice?
i myself don't care about bans. in fact one of the reasons why i am using bitcoin is the fact that nobody can "ban" me from using it. so i don't see how a ban can change my mind.
I don't see a ban as the "nail in the coffin" but I wouldn't say I don't care. When it comes to small countries like Algeria, it's insignificant.
What about a coordinated ban among world superpowers? How robust is Bitcoin, if major governments start raiding miners and pushing transactions/mining into the black market? What can we do to make it more robust, so that miners and users can safely operate under such conditions?
October 01, 2018, 11:33:59 AM
The trigger must be something other than the price. (Example : Major change in the Bitcoin code / Core developer leaving /
Flaw in the protocol / The introduction of a much better technology etc.)
Let's see how many different triggers could cause a mass exodus of Bitcoin supporters.
A much better technology would definitely drove me away from Bitcoin. I mean there's no point holding on to previous tech when it has been outperformed by the latest one. Just like how fiat and other digital payment would be outperformed by Bitcoin in a few years.Flaw in the protocol / The introduction of a much better technology etc.)
Let's see how many different triggers could cause a mass exodus of Bitcoin supporters.
I doubt there would be a major flaw in the protocol considering how cautious the developers are making a change to the code. Most bugs are not threatening so far. Also, if the environment of Bitcoin has drifted from the values that I believe in, I would leave Bitcoin too.
October 01, 2018, 11:24:07 AM
... if it is total ban nation wide.
it is interesting that 4 users already mentioned ban as their "nail in the coffin" i wonder if this is a majority thing since this topic doesn't have that many replies yet. maybe a poll would be nice?
i myself don't care about bans. in fact one of the reasons why i am using bitcoin is the fact that nobody can "ban" me from using it. so i don't see how a ban can change my mind.
October 01, 2018, 05:56:35 AM
"Surrounded wall garden" where people can not view or modify the source or create the software they want to create. That is the most important thing for me.
September 29, 2018, 12:18:29 PM
I think the nail in the coffin moment for me will be if I found out that some government agency developed Bitcoin to take control of people's wealth. It has happened before that some agencies created honey traps to trace money derived from criminal activities and they even infiltrated Tor exit nodes.
I entered Crypto currencies, because it gave me some financial privacy, so if I found out that this was only a smoke screen, then I would definitely exit the scene.
I entered Crypto currencies, because it gave me some financial privacy
that may already be happening with certain altcoins such as Ripple and Ethereum and Dash and are the most centralized and somewhat shady coins that are controlled and managed by centralized groups of people but that can not happen with bitcoin as long as we keep it decentralized like it is today.
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I already nail in coffin my own goals of investing into ripple and dash either but I'm still not sure concerning Ethereum but every rely on team respond. However, the things that could make me nail in coffin my bitcoin are if government centralized it and if it is total ban nation wide.
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September 29, 2018, 11:52:23 AM
Probably some things like the government implementing a heavy ban on bitcoin. Heavy meaning point-a-gun-in-your-head level ban. Though quite unlikely, it's still theoretically possible. Take note that this is just in an "investment" perspective though. If such thing comes to existence, I expect people to be panic selling. No doubt. I definitely would still be interested in bitcoin, but of course I wouldn't want my holdings to decrease in value by a huge percentage as I definitely would still want to live a decent life(and not in poverty).
I supported what you said. Although, vitcoin have proof it worth during the time of high criticism and FUD by the government but we both know that the goovernment know to do things for their own selfish reason. Therefore, world wide totally ban will be the reason for me to nail in coffin my bitcoin goals. 
September 29, 2018, 05:36:59 AM
I think the nail in the coffin moment for me will be if I found out that some government agency developed Bitcoin to take control of people's wealth. It has happened before that some agencies created honey traps to trace money derived from criminal activities and they even infiltrated Tor exit nodes.
I entered Crypto currencies, because it gave me some financial privacy, so if I found out that this was only a smoke screen, then I would definitely exit the scene.
I entered Crypto currencies, because it gave me some financial privacy
that may already be happening with certain altcoins such as Ripple and Ethereum and Dash and are the most centralized and somewhat shady coins that are controlled and managed by centralized groups of people but that can not happen with bitcoin as long as we keep it decentralized like it is today.
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