Topic: What will destroy the bitcoin? - page 3. (Read 1454 times)
Will there no things in this world that can exist forever. Even human life. We are just passing away. But we hope bitcoin will never destroy not this era
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.
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.
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 will end when there are only cryptocurrencies worldwide, and one that is more successful due to its method of transfer, reliability and volatility
BTC now has the value of investment, no threat to the dollar!
BTC can be destroyed only if all the countries in the world ban BTC!
Only national governments can kill BTC!
BTC can be destroyed only if all the countries in the world ban BTC!
Only national governments can kill BTC!
which will destroy bitcoin, only internet access although now there is a lot of negative news about bitcoin, but it will only make bitcoin prices down, but if in the world there is no internet access, it will make bitcoin destroyed, because bitcoin can only be used if there is internet access .
I am not sure why bitcoin is down. i think investor or miner problem or than china band bitcoin and bitcoin prise is down. But after some days bitcoin prise is step down. So that many people are not interested in bitcoin.
There are many things that could destroy this bitcoin,one of these is the govermentthey have the power to control many things in our society and comunity and the other one is buyer of bitcoin also know as investor they have a big impact in price of bitcoin and i think they can destroy it.
I have not found any factor that can destroy the development of bitcoin so far. I judge what makes bitcoin unacceptable to some countries is because bitcoin market capitalization is still not enough so that the market is still in the growth stage. Bitcoin will only experience destruction if it is completely abandoned by its users.
I think bitcoin will destroy if people not support bitcoin anymore and and if people stop investing and use bitcoin. but that's never gonna be happen because every crypto holder need bitcoin to get big profits.
For me nothing will destroy bitcoin. If bitcoin was able to destroy, it will be destroyed now.
There were many people, companies, that trying to deny bitcoin, but bitcoin is still exist untill now.
There were many people, companies, that trying to deny bitcoin, but bitcoin is still exist untill now.
There's a high probability that government will destroy the Bitcoin. If the officials want to destroy it, they can do it because of their power and authority. On the other hand, it will not be easy to destroy Bitcoin.
I think the only thing that can destroy bitcoin is the internet itself because bitcoin is nothing without the internet. Every bitcoin transaction we do needs an internet connection.
bitcoin can only be destroy if there is no government policies to guide it,and if there is there is no code of conduct for it
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.
If there is a new coin that is more advanced and has many benifit to people I think it might become bitcoin's rival from people. As you can see there are still flaws of bitcoin and it is not widely accepted in most of the countries in the world. So if bitcoin will develop I think many countries will now accept bitcoins.
When we do not use Bitcoin then the price of Bitcoin will continue to decline. The current price is because many people trust and use Bitcoin, still support Bitcoin and we will benefit. When we do not use Bitcoin, Bitcoin will slowly disappear and will not mean anything. some hallain also affects the value of bitcoin such as war, or world economic crisis.
One of the biggest problems facing many blockchain platforms is scalability and can destroy the popularity of bitcoin and etherum, and government rules can also be a risk of financial anonymity can create an environment where regulation will destroy bitcoin so potential government regulation has limited access to bitcoin and digital currency exchange others.
A number of professors from Harvard University say, bitcoin digital currencies can be destroyed by government rules. This is also due to the anonymous nature of an anonymous bitcoin transaction. This can happen that the bitcoin is destroyed and the bitcoin price decreases
What do you think about the combination of Government, Media and potential disrupted financial institutions, all teaming up against Bitcoin? What may be risky is that a bad publicity endorsed by those three entities, could have a great impact on the demand, and this could jeopardise the resilience of Bitcoin.
But let's be positive and hope this won't happen
But let's be positive and hope this won't happen
I don't actually believe destroying bitcoins is good now that it has been so useful to the many who have already known or used it. But for the sake of making things clear to those who have fears on using not only bitcoin as well as altcoins, the only thing that could destroy bitcoin or any other coins in general is its inactivity and its unusefulness. No government could ever banned it totally and destroy bitcoin because in the first place it was not made to be controlled by anybody. Yet I do believe they can regulate it for good. Like when a coin is hacked or becomes a medium for scams and other crimes.
There's a high probability that government will destroy the Bitcoin. If the officials want to destroy it, they can do it because of their power and authority. On the other hand, it will not be easy to destroy Bitcoin.
What will destroy Bitcoin is each of us Bitcoin users if we are inactive and no longer trust all the systems and all the programs that Bitcoin has given us, and we use this Bitcoin incorrectly.
Therefore, we as Bitcoin users use it with a sense of patience and right, to get the benefits we want, and also realize our dreams in the future will be even better.
Therefore, we as Bitcoin users use it with a sense of patience and right, to get the benefits we want, and also realize our dreams in the future will be even better.
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