What will destroy the bitcoin? - page 13.

fishball

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Quote from: csdga on February 28, 2018, 12:07:09 AM

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.

Bitcoin itself. Everyone might say the investors, miners, regulations and etc. but the only enemy and true opponent of bitcoin is itself. That is why it does not need to compete with others, it must triumph over itself to get much better. So need for us to think that bitcoin would be destroyed.

gabinsight

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One major factor I know can destroy bitcoin is the investors, Bitcoin obviously needs more investors to grow in value.

gjtnwls1

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I would say government and media. Government is the only group that can do legal action on Bitcoin. And media can affect on people's mind. They can write bad news could be true or not true and those news can make people to get scared. and it affects on bitcoin.

sana gull

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Quote from: snekinmyleg on March 12, 2018, 02:35:37 PM

Bitcoin will be destroyed if all crypto markets are closed, there will be no transaction and bitcoin no value

But i am sure that it will never happen because in modern time bitcoin and othe crypto currencies are becoming more popular and now the trend is also changing from fiat to online currency and therefore we can say that bitcoin will survives for a long long time and will become more stable and stronger from time to time.

Borisov

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Quote from: nmax21 on March 12, 2018, 07:43:36 AM

The destruction of bitcoin can be centralized. If this happens, the coin will lose interest and eventually people will stop using it.

That won't happen. Since the whole essence of the idea lies in decentralization. Many write that people will lose interest. while such volatility persists, people's interest is even more heated!

GeorgiyBilyk

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Totally agree with many guys! The greed of man is the main evil! But I think vratli will cease to exist bitcoin! Unless all the computers in the world are turned off! I see how this crypto market is actively developing! Now very many miners and large companies are beginning to move to other countries with a more favorable situation!

snekinmyleg

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Bitcoin will be destroyed if all crypto markets are closed, there will be no transaction and bitcoin no value

normensky012

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The governments can destroy the bitcoin, but bitcoin is influenced by people. People are the one who wants decentralization. In my opinion, government destroying bitcoin is like destroying its people that longed for freedom. Another thing that can destroy bitcoin is global catastrophe that leads to total destruction of all existing civil and technological structure. If you're worried about your bitcoins. It's highly unlikely that it will be destroyed overnight.

Benarand

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One of the most likely risks of destruction of bitcoin is the government. They consider bitcoin and other cryptocurrencies as a threat to the traditional financial system. If they can not directly destroy bitcoin because of its decentralization, governments can not, they have the capacity to limit its infrastructure, for example, blocking the banking websites of companies working with crypto-currencies or carrying out crypto-currency transactions. If the restrictions are imposed by a limited number of countries, it will not be possible to destroy the system, but massive prohibitions on the part of leading states can completely destroy the network.

kamike

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Quote from: pri3oner on March 12, 2018, 01:44:15 PM

it clearly depends on us, users of both bitcoin and crypto in common. Though there are a bunch of whispers about fall of all cryptocurrencies I think it's too young to be buried cos it will show us its power in the near future... it just cant be forgotten... Just cant.

Bitcoin can destroy because of the people itself will destroy this too, for example a good coin has come and were trying to compete to bitcoin, and almost all the investors have swift their, so if the demand decreases then bitcoin will little by little will be die too.

weblouartisan

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Quote from: andrei214 on March 12, 2018, 08:05:14 AM

Quote from: csdga on February 28, 2018, 12:07:09 AM

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.

Government can actually destroy bitcoins and the entire cryptocurrencies because they are the leaders who are deciding what will happen in their country if all the governments will decide to remove cryptocyrrency on different countries then the value of bitcoins will further decrease and all the altcoins will be affected as well.

pri3oner

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it clearly depends on us, users of both bitcoin and crypto in common. Though there are a bunch of whispers about fall of all cryptocurrencies I think it's too young to be buried cos it will show us its power in the near future... it just cant be forgotten... Just cant.

Domenc

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Bitcoin can be destroyed by various aspects but most important factor that can make Bitcoin's value zero is that when it is replaced by some better technology than we currently have, hence making people away from Bitcoin. Other than that, there are various speculations under this question like if all the nation go against bitcoin or bitcoin acts like a bubble and burst losing all its value and so on. But for the while Bitcoin still seems to have prosperous future ahead which will help people gain profits on their investment.

Andreea B O

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I do not think Bitcoin is invincible but I can not imagine who can destroy the bitcoin. I think the media does not have that power.

Roboabhishek

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Investors can destroy the bitcoin because if there is no investors how can bitcoin wil grow.

BruceWee

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When people used bitcoin as a medium to buy something illegal and to start a crime, then it will be a bad news for bitcoin. The government would do anything to stop it so that there will be no dangerous things that might happen in the future. If bitcoin is being used in different illegal things, then it can be a reason for the stoppage of bitcoin worldwide.

Christian108

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The only one can destroy the bitcoin is the government, because the number one hate the bitcoin is the goverment so I think the government will going to do something to stop the bitcoin but theyes can't do that in one click because bitcoin have a million or billions of user in worldwide and still counting. That's why bitcoin is so hard to stop or maybe will never be stop.

Zeque02

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Quote from: andrei214 on March 12, 2018, 08:05:14 AM

Quote from: csdga on February 28, 2018, 12:07:09 AM

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 things that can destroy bitcoin are those who not accepts it, it can be our government, business company, and us (people) why? because being acceptable in a country is a sign that bitcoin is useful and good currency. People also can destroy bitcoin most especially if they give negative feedback to others who don't have any idea about bitcoin.

andrei214

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Quote from: csdga on February 28, 2018, 12:07:09 AM

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.

nmax21

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The destruction of bitcoin can be centralized. If this happens, the coin will lose interest and eventually people will stop using it.

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