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Topic: What will destroy the bitcoin? - page 6. (Read 1454 times)

newbie
Activity: 28
Merit: 0
April 09, 2018, 10:25:32 AM
I think it's simple ... us the bitcoin believers are the only people who could destroy bitcoin , while the community is there like now developping with all this amount of people bitcoin will be still alive forever .
hero member
Activity: 994
Merit: 544
April 09, 2018, 10:13:10 AM
Bitcoin is not invincible it has many factors to consider to stay alive. First is the trust of the people, without the people giving bitcoin their support and trust bitcoin will not become a currency online but just a number on a address. Second, the internet connection, without the internet connection bitcoin will die since it can no longer make any transactions online.
full member
Activity: 448
Merit: 100
MenaPay - Crypto made easier than cash
April 09, 2018, 10:01:48 AM
I agree with you. All our investments in bitcoin depend on the whales of this coin. But, after all, with other currencies, even with the dollar, is it not the same? So we just do not need to take the media seriously
jr. member
Activity: 127
Merit: 1
April 09, 2018, 09:57:41 AM
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.
hero member
Activity: 2282
Merit: 795
April 09, 2018, 09:55:17 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.
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.
Unfortunately this is very true and with the current crop of investors that we have, that is those who are quick to immediately sell when they hear rumors or FUD, This is actually one of the reason why the value keeps plummeting all the time and the currency is so volatile.

Just like any investment mechanisms when investors pull out their investments from a certain company, it slowly becomes obsolete thus terminating its existence in a short matter of time. Unfortunately, the recent news circulating about bitcoin are mainly prejudicial conspiracies that primarily affects its price on the market supply which makes investors skeptical.

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.


I both agree, media, investor or people who are negative about bitcoin can possibly destroy it. Some people will use bitcoin to scam so that they can earn money. With that impact people now will not believe and invest to it.

Well indeed, media has the capacity and power to influence new/existing investors regarding the circulation of news about bitcoin. Remember, everything that involves money also implies that there may be an underlying reason behind such news, backed out by the government or large trading companies who wants to oust bitcoin out of the picture.
newbie
Activity: 209
Merit: 0
April 09, 2018, 09:51:46 AM
The thing that can destroy bitcoin is banning. If all the country will ban bitcoin then most probably bitcoin will be gone.
member
Activity: 429
Merit: 10
April 09, 2018, 09:48:10 AM
Bitcoin breaks down people who are here because they want the bitcoin to fall because many people are helping it and the poor are getting rich.
member
Activity: 167
Merit: 10
Revolutionising KYC Services
April 09, 2018, 09:46:01 AM
Those, who provide the existence of Bitcoin, can destroy it as well. They are investors and miners. Bitcoin will loose its value and become useless if nobody buys it.
full member
Activity: 323
Merit: 100
April 09, 2018, 09:35:49 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 no one can destroy bitcoin, but if all the countries help each other to destroy the bitcoin I think the bitcoin will be destroy. I dont want to destroy the bitcoin because the bitcoin is the only one that gives me a income or money. I want to earn more money to support my family in our daily needs or our daily expenses.
member
Activity: 236
Merit: 10
Borderless for People, Frictionless for Banks
April 09, 2018, 09:35:36 AM
If miners and holders or investors leave bitcoin into the air the  maybe bitcoin will be distroy but as long as some one even a few people only using and traded bitcoin it will continue to live.
sr. member
Activity: 1666
Merit: 426
April 09, 2018, 09:35:15 AM
There are many ways that could possibly terminate bitcoin like the absence of internet which is very impossible to happen, completely no usage of bitcoin  and by investors. Investors has the biggest impact in this community because look, if there's no one invest upon it then there will be no fund and if no fund it will shutdown and it will die.
member
Activity: 322
Merit: 10
April 09, 2018, 09:32:07 AM
FUD may or may NOT kill Bitcoin. That all depends o the spirit of the People. If people run after Bitcoin only for its speculative value, then yes, FUD will easily kill Bitcoin in the end because if the price drops to 0 no one except some very clever whales will want to invest in it. FUD works on the mainstream populations as does the mainstream Media spread all the bad news very fast to all the people, everywhere. Only if people believe in the whole idea BEHIND BITCOIN, then FUD can never destroy Bitcoin because Bitcoin will rule in the hearts and minds of us and not be moved.
sr. member
Activity: 868
Merit: 266
April 09, 2018, 09:30:44 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.
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.
Unfortunately this is very true and with the current crop of investors that we have, that is those who are quick to immediately sell when they hear rumors or FUD, This is actually one of the reason why the value keeps plummeting all the time and the currency is so volatile.
jr. member
Activity: 154
Merit: 1
April 09, 2018, 09:30:06 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.
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.


I both agree, media, investor or people who are negative about bitcoin can possibly destroy it. Some people will use bitcoin to scam so that they can earn money. With that impact people now will not believe and invest to it.
newbie
Activity: 261
Merit: 0
April 09, 2018, 09:29:28 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.

Which can destroy bitcoin is; doubts, fears, panic, so it will kill our confidence in bitcoin, and when that happens bitcoin will be left off and bitcoin will actually die.
hero member
Activity: 1302
Merit: 540
April 09, 2018, 09:27:38 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.
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.
You have some point here, if investors stop supporting bitcoin and focus to another project or another system that they think that will be much usable,
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.
member
Activity: 364
Merit: 10
April 09, 2018, 09:22:58 AM
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.
member
Activity: 68
Merit: 10
April 09, 2018, 09:22:31 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.
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.
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.
member
Activity: 112
Merit: 12
Assignments Trading Platform
April 09, 2018, 09:21:08 AM
I think that will destroy bitcoin is the internet network because in the absence of bitcoin network aknlan become useless dab bitcoin aoan become damaged and useless. But that's impossible because bitcoin is made perfectly and made with very mature thinking is impossible if bitcoin gets damaged.
member
Activity: 266
Merit: 15
April 09, 2018, 09:17:44 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.
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.
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