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Topic: What will destroy the bitcoin? - page 2. (Read 1447 times)

newbie
Activity: 14
Merit: 0
April 24, 2018, 12:59:42 PM
A global outlawing, combined with global anti encryption laws.

EU and US combining their powers to fight bitcoin could harm it, and force it underground, but not truly kill it.
sr. member
Activity: 423
Merit: 250
April 24, 2018, 12:51:49 PM
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 people who invest and using bitcoin are the one who can destroy bitcoin because without them bitcoin can not function bitcoin is a system where in it needs people who will control it as long as there are people who wants bitcoin as long as there are people who believe on what bitcoin can do in their lives it will not die.
newbie
Activity: 126
Merit: 0
April 24, 2018, 12:30:36 PM
if i ask the bitcoin to break people are just because people do not run bitcoin now because of its low price and other people are still screaming because they have a lot of bitcoin income.



I think the current price is that many people believe and use bitcoin, still support bitcoin and we will benefit. when we do not use bitcoin, bitcoin slowly will disappear and will not mean anything. it will destroy bitcoin itself. when we do not use bitcoin the price bitcoin will continue to decline.
jr. member
Activity: 475
Merit: 1
April 24, 2018, 12:21:29 PM
for me that breaks the bitcoin is people who do not believe and jealous of bitcoin because people are afraid of things they do not know they can harm it.
sr. member
Activity: 882
Merit: 403
April 24, 2018, 12:20:54 PM
As most of the digital interface is reliant on electricity, perhaps the only thing that could destroy bitcoin is wide spread electricity black out.

As data can be transferred even without the internet (even the primitive morse code can transfer data, and radio frequency too), the lack of power supply spread through out the globe can put bitcoin to an end, electronically speaking.

But conceptually, anything can be destroyed one way or another, and the same remains true for bitcoin.  Everything has a kryptonite so to speak.

Of which will hurt bitcoin much? Only the future can tell.


Yup, I totally agree with you on this. If ever the things in the movies really does happen like that solar flare thing that disables electricity, bitcoins will be of no use anymore. But the worse case scenario would be this world being in chaos because of the wide spread electricity black out. And I bet that if chaos is already happening, bitcoins or any crypto currencies would be the last thing that people will be thinking about. -Just saying xD
jr. member
Activity: 280
Merit: 1
April 24, 2018, 11:30:51 AM
Bitcoin breaks are people who have lost confidence in it because many people lose money because of the drop in bitcoin prices so they break it.
jr. member
Activity: 197
Merit: 1
April 24, 2018, 11:18:09 AM
When BTC drop to 2k$ and all profit don't enough to pay electric bill, all miner will stop and BTC system will die,do you think so?
newbie
Activity: 144
Merit: 0
April 24, 2018, 11:16:29 AM
Breaking the bitcoin is also the only people especially now that many people have lost confidence in bitcoin because many people are losing money because of the price they now have so much damage.
full member
Activity: 308
Merit: 100
April 24, 2018, 11:11:27 AM
The negative news and the demand hike of some of the altcoins are themain opponents for bitcoin if bitcoin can't stand with them or more than them otherwise there is a chance for bitcoin destruction.
jr. member
Activity: 224
Merit: 2
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April 24, 2018, 11:00:53 AM
I think the thing that can destroy Bitcoin is its users, enthusiasts, traders, miners, investors. If they stop believing and trusting Bitcoin then it will die. It is the same way that these people are the main source of strength and resistance of Bitcoin throughout those years of negative publicity, false news, etc. As long as there are people who trust and believes in Bitcoin it will continue to live and change lives for the better.
member
Activity: 218
Merit: 10
April 24, 2018, 10:58:36 AM
Perhaps in the near future will be more modern and relevant cryptocurrency, which will regulate  bitcoin errors. I think that such a coin could be Tezos.
member
Activity: 504
Merit: 10
April 24, 2018, 10:46:06 AM
Bitcoin breaks are the ones that degrade it because many people today are losing bitcoin because they're so ugly and they do not understand it.
newbie
Activity: 144
Merit: 0
April 24, 2018, 10:31:15 AM
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.  Smiley Smiley
full member
Activity: 756
Merit: 100
April 24, 2018, 10:29:42 AM
I think that can destroy bitcoin is the government, imagine if the government banned bitcoin, not just one country, but all countries have implemented the regulation, then the miners will not be allowed to do bitcoin mining, so no bitcoin transaction and market price will be destroyed
sr. member
Activity: 994
Merit: 257
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April 24, 2018, 10:11:12 AM
I think the only way to destroy it is by destroying all the gadget or technology that could run a full node.
And when it comes down to the price of Bitcoin the one's who is responsible of destroying it or dropping it down is us,
Us who are using it those who are selling it are the one's who are making the market fall the demand is decreasing because of it and so does the price.
full member
Activity: 546
Merit: 102
April 24, 2018, 10:10:05 AM
bad news about regulation can destroy bitcoin slowly
and the biggest threat to bitcoin is the global EMP
newbie
Activity: 64
Merit: 0
April 24, 2018, 10:07:01 AM
Regulation. Countries will regulate or even ban it. There is too much at stake in terms of lost tax revenue and also national security.

Hmm, I agree on this one mate.
newbie
Activity: 1
Merit: 0
April 24, 2018, 10:00:39 AM
Bitcoin will exist as long as there are computers running a full node.
hero member
Activity: 1540
Merit: 508
April 24, 2018, 09:56:53 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.
I think that governments rules can destroy Bitcoin if they decide to ban bitcoin and cryptocurrency. Hacking is threatening too.
full member
Activity: 546
Merit: 122
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April 24, 2018, 09:53:58 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.
Those people who use bitcoin in a bad way will be the one of the reasons why bitcoin could be destroy in the near future. If government strictly bans bitcoin all over the world because of this bitcoin will be erased from the market or it will destroy itself because no one already wants it.
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