What will destroy the bitcoin? - page 8.

rodztan

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Quote from: avithohol on February 27, 2018, 11:19:23 PM

I think the only thing that could destroy Bitcoin is the investors and miners. If they're turning their back with Bitcoin , it's really hard for Bitcoin to survive.

I know what bitcoin breaks people who do not believe in bitcoin they break the bitcoin and those who use bitcoin to scum and the scum will say that bitcoin is worthless bitcoin.

developer101dev

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Quote from: csdga on February 27, 2018, 11:07:09 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.

Media's are creating a bunch of fake stories in order to reduce the popularity of bitcoins but still they cannot really outwit the people in their believes and today those people who truly believe on the growth of cryptocurrency are rejoicing because the price is rising.

Jazvebtc18

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Quote from: csdga on February 27, 2018, 11:07:09 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.

Big governments and big banks will crush Bitcoin, but they won’t kill it. The technology that created Bitcoin will do it, one day. The use of Bitcoin as an alternative to national currencies is already facing stiff resistance by central banks and commercial banks. That’s bad news for Bitcoin investors, as central banks and banks can find ways to taper the demand for Bitcoin, taming any further price gains and occasionally crushing it, as the Chinese government did recently.

Then there’s another, more fundamental, problem. Blockchain, the technology that created Bitcoin, can be used to create other cryptocurrencies that compete against Bitcoin, as already it has done. Like Etherium, Litecoin, and Ripple, to mention but a few.

Corcoran

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Quite difficult for bitcoin can be destroyed, but false news in bitcoin should be kept away. Because the cause of false news can make investors doubt the bitcoin. And if the investor stops investing in the bitcoin that will make the bitcoin price decrease.

pimacoin

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Pimapay-Pimacoin::

Only when internet is been destroyed

daxiake

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Quote from: csdga on February 27, 2018, 11:07:09 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.

The beauty of BTC and other cryptos is that they are decentralized and don't have any single controller, this makes it very hard to completely destroy BTC as thousands of miners have come to consent to stop mining and never do that again.
But yes there are factors that are affecting BTC price severely and as a result, its value is getting down but it's not happening for the first time. BTC has full potential to fight back and rise again.

AntonKrutkov806

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Bitcoin-payments can be made without binding personal information to the transaction. This provides powerful protection against the theft of personal information.

zhuiyongliang8

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Work in the currency industry, like work for people with bipolar disorder of drug addiction, a short period of time, a surprising, irrational vitality, and for a long time, is for does not exist a deep fear.

At its peak, nothing could undermine the essence of bitcoin. But most of the time, bitcoin holders are simply overblown, and the news that they hear about bitcoin scares the pants off.

So don't worry about anything that can destroy bitcoin.

ekaterinastrelnikova505

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Its deputy chairman Sergey Shvetsov compares bitcoin with financial pyramids. As for the top leadership of the state, there are doubts

nethan1btc

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Quote from: Dudeperfect on February 28, 2018, 08:00:04 AM

Bitcoin has grown so big that now Bitcoin is the only thing that could destroy itself and I don't see any other alternative as of now that could replace Bitcoin in terms of user base, market capital, transaction volume. I believe that we should use it as a payment system without focusing on earning speculative gains from the same. The first priority should be given to the core concept of Bitcoin as a payment system.

You're right dude, as time goes by bitcoin become popular which we all know that bitcoin is a dominant crypto currency of all time. Bitcoin is very unpredictable which we can't even know when it's gonna low and high. Well , regarding on what will destroy the bitcoin, obviously we have know idea since we only know that bitcoin exist due to thousands of users and investors that can create a different transaction throughout the world. Also, it can't destroy easily which it was designed as decentralized in the cyberworld and no 3rd part involve like banking system as well as those government

Jessica2009

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Bitcoin is a peer to peer transaction it is not controlled by any central authorities and as we all know that it is an online transaction done with out the involvement of any Bank so it is not easy to destroy Bitcoin.But there is a way to stop Bitcoin the simple method is to shut down all the internet but this is impossible to stop or shut down all the internet this will be like burning your house to kill a mouse. Now Bank dealing are all done with the help of internet.

shata

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Quote from: utiltox on March 20, 2018, 01:31:24 AM

if countries unite and ban bitcoin that's when he dies and few people want to break the law

Well, There's no chances that all countries here in the world will unite to ban bitcoin. Actually, Bitcoin is now a legal cryptocurrency in many countries including Japan, Philippines, etc. Bitcoin will destroy if the internet has been disabled in the earth, but i will say that Internet is part of our every lives, it will remains forever. Bitcoin will also remains.

giogio0504

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Quote from: csdga on February 27, 2018, 11:07:09 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 think the main thing that can destroy bitcoin is if there will no more interest in crypto, but I do not think it is realistic now.

sicnarfkswiss

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Quote from: csdga on February 27, 2018, 11:07:09 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.

government destroys bitcoin, the legality of bitcoin depends on how the government of each country reacts to bitcoin. Bitcoin will survive even up to a thousand years if the government will accept it. Once it will be accepted in the government, this will be included in some economic studies. It will be discuss in school, and we can spread awareness of btc through conducting some seminars with the help of many government agencies. On the other hand if the government will ban bitcoin. there is nothing that we can do but to follow them.. so everybody must be responsible bitcoin holder to be able for the government to accept btc.. Lets use bitcoin in a good way.

binhvo1505

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https://streamies.io/

In my view, only the new government can break the bitcoin. It is not possible to destroy bitcoin with a small number of organizations, requiring a large-scale organization to make bitcoins stop working. will have to reunite with more than 100 good hackers all over the world and issue trading bans for all the new countries that could make the crypto market go away forever.

utiltox

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if countries unite and ban bitcoin that's when he dies and few people want to break the law

vinz7229

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Quote from: lionheart89 on March 13, 2018, 11:39:36 AM

which will destroy bitcoin is a public trust in bitcoin, if many negative issues about bitcoin or many hackers who steal the bitcoin will make the bitcoin die.

I think even though other people continue fabricating such bad things about bitcoin it will never affect the popularity if bitcoin. as long as their still people using bitcoin it will never destroyed it, or it can never disapper this kind crypto currency. the only thing that can destroy bitcoin is, when theirs no internet at all, cause we all know that bitcoin is a virtual currency that only working thru the use of internet. so i therefor conclude that "no interent no bitcoin" Wink

yasuo632

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Bitcoin eventually destroyed the economic system that affirmed the world, because the current economy is a temporary result of the constant balance of countries, but there is an uncontrolled economic system that has continued to expand, then this economic system will destroy the balance of countries ,

Brigalabdis

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Quote from: mk4 on February 27, 2018, 11:11:20 PM

Bitcoin will exist as long as there's one or at least few computers running a bitcoin full node. What could possibly stop this? Probably a global blackout or a huge EMP(electromagnetic pulse)[1] or something.

[1] https://en.wikipedia.org/wiki/Electromagnetic_pulse

And also if no one want to use bitcoin. When the demand was getting low then the price was too cheap and too many bad news coming, the bitcoin must getting closer to the death

I think everyday bitcoin was growth. Knowledge by bitcoin cannot be remove from the storage of our mind so everyday more person would do anything to earn bitcoin as thet can.

Bitcoin was not easily to died because it has two many components and it is the mother of all kind of coins.

Alexis.Nick

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Nothing can destroy bitcoin! Bitcoin is stable now and I guess whatever the haters will do they will never destroy bitcoin. And also the population of bitcoin increase more now, just imagine that if you are against bitcoin you were against with the million users of it. Do you think the users will not protect bitcoin? Well definitely they will do everything they can do just to keep bitcoin alive. It is just like you are getting their future and source of income if you are destroying bitcoin. So I strongly suggest that we the active users of bitcoin must unite in protecting bitcoin especially to those people who are using the name of bitcoin for making fraud and scam.

Topic: What will destroy the bitcoin? - page 8. (Read 1454 times)