Topic: What will destroy the bitcoin? - page 5. (Read 1428 times)
I think that bitcoin will die or collapse only when it stops buying at all and absolutely no one will need it.this is the destruction of bitcoin
I think that Bitcoin can be destroyed only by users itself. In a sense that they don't want to use it anymore because of huge loss of value or something similar. This is not likely to happen but still it's possible in some artificial scenario and this would be destruction as a value and payment system.
But as a technology it can't be destroyed.
But as a technology it can't be destroyed.
I am close to your opinion, but the people themselves will be able to destroy bitcoin. If governments and the media resist the new technology, it will greatly hinder the formation of cryptocurrency.
I think you are right up to somewhere but I believe that bitcoin can be end by internet because its only available on internet if you have internet then you have bitcoin if you don’t have internet then you don’t have bitcoin.
Nothing can kill him globally unless there is a global disconnection on the internet that is highly unlikely. Maybe one day when the total limit of coins is mined and prices skyrocket as never seen before and regular people stop using bitcoin and buy because the price will be too high. Or maybe somehow bitcoin loses its demand in the market or people start not trusting bitcoin for something that might have happened and it makes people lose confidence in Bitcoin.
I agree with you, which affects the bitcoin price is the medium when facebook closes the crypto advertisement with bitcoin price up to 12% for my knowledge.
so it's true that ad closures greatly affect prices and create panic in the holders and investors of the world.
We can’t take the news circulating around us about the negativity being posed related to the use of digital assets. This could merely be a step by the authoritative bodies of the state so that the paper of legal currency could get an edge on the user’s end as it has been masked greatly by the introduction of digital form of money in the market. so it's true that ad closures greatly affect prices and create panic in the holders and investors of the world.
Nothing can ruin the industry of bitcoin, from the fact that using bitcoin is hassle free. There is no one who operates the bitcoin network. It is commonly known as a decentralized network of computers around the world that keep track of all bitcoin transactions, similar to the decentralized network of servers that makes the internet work. Because there is no one who really is behind the operation of bitcoin. It means that no one can reveal any user's identity. What hinders the most is when a government restrict its corresponding territory to use bicoin.
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.
Investors can destroy Bitcoin and the current Crypto market. Investors are the ones who decide the survival of all, it will continue to exist as long as the investor, and it will disappear when investors abandon it to choose a new more potential.then bitcoin can be in doom, we know that it is a business where investors always looking for a big potentials to grow their investment, if they feel
unsafe with bitcoin then they will look for another investment to place their money, making a lots of negative effects including to complete failure of the chain, if worse come to worse and they stop using the chain.
and it will not happen. businessmen can only see profit. Bitcoin will still be a profit for another investors when current investors find another projects to gain. Bitcoin is a product of blockchain technology which develops along the time. Business can stagnant, but technology grows. Blockchain technology grows, bitcoin survives.
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.
Well, I think there is nothing that will kill the bitcoin as long as the internet is alive. The only way to kill bitcoin is to kill the internet first, which is also not possible as the people are now depending on the internet more and more to live their lives. Many companies in the world are now depending on the internet to run their operations from SCADA systems to microcomputers connected to their network. Killing the internet just because of bitcoin means going back to stone age. 
Since the wheel was invented it never stopped rolling. Bitcoin is the wheel of pure water flowing in the river. If the water is dirty it is not the water that is in the cause but the one that dirtied it.
Bitcoin can destroy only the disconnection of the Internet around the world and the worldwide regulation of States. The first is absurd. The second, too, is unlikely. But always need to have plan B in stock.
I think without the investor's bitcoin will destroy or the value of bitcoin falls. Secondly, if the internet went gone or somebody banned the access bitcoin will be dead.
I think the bad news or negative news starting destroy Bitcoin,some selfish people like to destroy Bitcoin they do anything to destroy Bitcoin,but bitcoin is very strong.
The freedom of BTC will be its own undoing, the fact that it cant be controlled makes it an easy method of pay for criminal activities that will earn it very bad image. The governments not legalizing BTC will also lead to its undoing.if the governments keep fighting BTC, it might not last long
Bad news, whales and bitcoin competitors can do this. It is based only on people's beliefs
Only thing that can completely destroy bitcoins is US government banning bitcoins completely and making it illegal. Chances of this happening are next to 0 though.
Just US government? I don't think so.Here I tell you that Bitcoin are standing alone or people more familiar to a system called decentralized, the only thing , the only one who can make a huge impact it is you , your own action , each of you can move the Bitcoin ecosystem into a better or worse situation.
So just support Bitcoin with whatever you can do , as simple as use it for a daily currency to keep it alive. Small action decide a big thing.
At the moment, the main threat is represented by banks, since they have been managing the world economy for a very long time ... and consequently they will try in every possible way to hinder the development of bitcoin or any drift of the crypto currency.
Only thing that can completely destroy bitcoins is US government banning bitcoins completely and making it illegal. Chances of this happening are next to 0 though.
Nothing. Bitcoin will improve and improve over time. In most cases, there will simply be no need for other cryptocurrency. Support for smart contracts and more privacy will appear soon
For me, bitcoin can be destroyed by its self, people, and other cryptocurrencies. We all know that bitcoin is limited to 21 million so what will happen if bitcoin reach its limitation, it can become much expensive or worthless. I can say that people can destroy bitcoin because we are the users, we all know that bitcoin is only a digital currency. If all government sectors prohibit and ban bitcoin no more users and the acceptance of bitcoin will decrease so in short bitcoin will be useless. Other cryptocurrencies can also destroy bitcoin its because they are the second placer if bitcoin lose its value and popularity another cryptocurrency will take the lead and bitcoin will be pointless.
Bad media and the death of the blockchain. When the blockchain dies, it drags both bitcoins and other cryptocurrencies with it. They all thrive in that blockchain and losing the blockchain technology would mean the death of all cryptocurrency. Bad media will also contribute greatly because bitcoins are perceived to be online scams, which are not and it is a thriving business.
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