Topic: What will destroy the bitcoin? - page 12. (Read 1428 times)
i think bitcoin will be destroy if we have no power of electricity and no connectivity to the internet i can assure you that bitcoin will no longer exist if that was happen but it will never be happen
Do you believe that the internet will be gone? Then that answers the question. 
Another thing is that, Bitcoin will definitely be destroyed if a certain country banned it, so, at that location it is now dead. So, what if it was now a worldwide banning of BTC then, it is official. PArt of the banning of course are the banks because they consider BTC as a threat to their currency and the other thing would be the government, whereas they cant control and regulate it as they please and they cant even put tax on it, but if they try then they can.
The greatest problem can be ordinary demand. a year or two ago, when bitcoin could give 300% profit in almost a couple of months, everyone wanted it. now the trend is decreasing and we see a protracted flat. in a couple of years it will be traded as a common stock, unfortunately.
For me i think the only can destroy the bitcoin is dumpers and miners and also medias and government that's banned bitcoin in our country also social medias because many people can receive any bad report's about bitcoin then can think negative to others.
which will destroy bitcoin is a public trust in bitcoin, if many negative issues about bitcoin or many hackers who steal the bitcoin will make the bitcoin die.
I think that governments of different countries can destroy Bitcoin. Because governments are connected with banks that can not control the crypto currency, which is becoming more popular. As a result, any user of the system can transfer money to another country, to any other user, for a very small percentage. And this is not beneficial not to the government, nor to banks.
Bitcoin appeared in 2009, eight years, the total value of the circulation of bitcoins up and down 200 billion US dollars. Bitcoin was declared "dead" by the media countless times. However, it is undeniable that the media has a huge influence. Therefore, with each media claim that "bitcoin is dead", the price of bitcoin will drop sharply. The magic is that every time Bitcoin is alive, its price has hit a new high all the way. In other words, in the face of so-called drug poisoning amateur media reports, bitcoin gradually developed "resistance", negative media coverage for the impact of bitcoin prices getting smaller and smaller. What will eventually destroy bitcoin? If there is a force that can destroy bitcoin, it must be human greed.
I believe that it is its users who has the power to destroy Bitcoin given that they are the ones who supports it and probably if they do such thing, Bitcoin will not be as strong as it is at this moment. But I highly doubt that banks , fiat or things related to government will destroy Bitcoin since Bitcoin is naturally decentralized which means governments has no controk of it.
The only way outside of the world going back to the stone age that Bitcoin can be destroyed is if we the people who use it let regulations come in and destroy it. This goes for all crypto IMHO.
Bitcoin appeared in 2009, eight years, the total value of the circulation of bitcoins up and down 200 billion US dollars. Bitcoin was declared "dead" by the media countless times. However, it is undeniable that the media has a huge influence. Therefore, with each media claim that "bitcoin is dead", the price of bitcoin will drop sharply. The magic is that every time Bitcoin is alive, its price has hit a new high all the way. In other words, in the face of so-called drug poisoning amateur media reports, bitcoin gradually developed "resistance", negative media coverage for the impact of bitcoin prices getting smaller and smaller. What will eventually destroy bitcoin? If there is a force that can destroy bitcoin, it must be human greed.
I think the BTC will not be destroyed as a means of investment. It will remain desirable because of the great profitability. But I think it has been destroyed as a means of payment for a number of reasons, such as high fees and slow transactions, and so on.
The abuse of use of Bitcoin might destroy it. Abusing the technology behind Bitcoin might be a hard task to do but if that brings imbalance to the whole ecosystem, a lot of things might be affected by it. Bitcoin might be destroyed if there are a lot of rules and regulations affecting it and when it loses the freedom for being free all the time. Bitcoin might be gone if the connection to internet is scarce or totally banned.
One major factor I know can destroy bitcoin is the investors, Bitcoin obviously needs more investors to grow in value.
I think that the bitcoin investors are increasing too much from time to time, in fact in current time the number of bitcoin are not too much and the reason behind it is that most of the people still do not know anything about bitcoin,i am hopeful that as time pass more and more people will enter the world of bitcoin. which will surely make bitcoin more stronger.
I think Bitcoin will be in a very good position at a time. He will have to be patient.
Bitcoin appeared in 2009, eight years, the total value of the circulation of bitcoins up and down 200 billion US dollars. Bitcoin was declared "dead" by the media countless times. However, it is undeniable that the media has a huge influence. Therefore, with each media claim that "bitcoin is dead", the price of bitcoin will drop sharply. The magic is that every time Bitcoin is alive, its price has hit a new high all the way. In other words, in the face of so-called drug poisoning amateur media reports, bitcoin gradually developed "resistance", negative media coverage for the impact of bitcoin prices getting smaller and smaller. What will eventually destroy bitcoin? If there is a force that can destroy bitcoin, it must be human greed.
Countries who continues to ban bitcoin are one of the possible destructors of bitcoin.Once that all country's worldwide continues to ban bitcoin, Bitcoin will truely be destroyed and can be cause for its disappearance.But since there are still many country who trust bitcoin,its disappearance wont going to happen.
The emergence of a critical error in the system, which can lead to the impossibility of updating. Even if the error is corrected, this development of events is guaranteed to have a negative impact on the cost of Bitcoin.
Bitcoin appeared in 2009, eight years, the total value of the circulation of bitcoins up and down 200 billion US dollars. Bitcoin was declared "dead" by the media countless times. However, it is undeniable that the media has a huge influence. Therefore, with each media claim that "bitcoin is dead", the price of bitcoin will drop sharply. The magic is that every time Bitcoin is alive, its price has hit a new high all the way. In other words, in the face of so-called drug poisoning amateur media reports, bitcoin gradually developed "resistance", negative media coverage for the impact of bitcoin prices getting smaller and smaller. What will eventually destroy bitcoin? If there is a force that can destroy bitcoin, it must be human greed.
Countries who continues to ban bitcoin are one of the possible destructors of bitcoin.Once that all country's worldwide continues to ban bitcoin, Bitcoin will truely be destroyed and can be cause for its disappearance.But since there are still many country who trust bitcoin,its disappearance wont going to happen.
Media coverage always gives negative information to bitcoin, I think is very reasonable because their company is very dependent on the index finger of officials who hate bitcoin.
If you can, close your eyes and your ears for that media, because the media tends to spread FUD.
If you can, close your eyes and your ears for that media, because the media tends to spread FUD.
it would be very difficult to make the bitcoin crumble or die. bitcoin has good prospects in the eepan, seeing growth year after year and more and more are interested in investing in bitcoin, maybe just a loss of internet signal that will make bitcoin die
I only see that investors will kill the growth of bitcoins since they are the reason why bitcoins is also popular right now. The value of bitcoins last december 2017 has reached 19k dollar and because of that, there are a lot of new investors who are keep on investing today in order to earn more profit when there will be a huge pump in the market again.
it would be very difficult to make the bitcoin crumble or die. bitcoin has good prospects in the eepan, seeing growth year after year and more and more are interested in investing in bitcoin, maybe just a loss of internet signal that will make bitcoin die
Governments, being pushed by banks and financial institutions, will not deliberately destroy cryptocurrencies. But they will bring an end to decentralized currencies, once they implement regulations. The G20 will discuss cryptocurrencies this month and that will result in worldwide regulations. With these regulations, governments will tax transactions and cryptocurrencies will no longer be decentralized.
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