There are three ways to destroy bitcoin. Its my personal thinking only
1. A world war or nuclear war will probably destroy bitcoin because a lot of people will be withdraw from crypto currency.
2. Internet Problem, If there are no internet bitcoin can not be used.
3. End of the electricity.
in my personal opinion that can destroy bitcoin. If that dose not happen then bitcoin will still exist and still used by the world community.
Topic: Who can destroy Bitcoin ? - page 31. (Read 21748 times)
Society would reenter the stone age if internet was gone. No internet no bitcoin, none or goverment can't destroy bitcoin because they can't destroy a decentralized system like the internet.
Bitcoin is a crypto coin. Daytime Bitcoin became popular Its price is increasing and the price increases. It decreases prices like the stock market. It never stays.
Then and I think it's never likely to be zero. I hope its prices will continue to grow.
Then and I think it's never likely to be zero. I hope its prices will continue to grow.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
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I don't think that bitcoin gets destroyed in a short or long by some authorities. It’s popularity is still growing. The only way to destroy bitcoin is to disable Internet connection around the world.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I think the one possibility of bringing down bitcoin’s market value to zero is when its security has been greatly compromised by hackers. When this happens, massive loss of interest would follow; who would ever want to invest without security? Another possibility is if the government completely bans the use cryptocurrency.
Probably hackers who want to access and grab every bitcoin wallet of the people which could result in dissatisfaction and distrust of people to bitcoin which will eventually lead to the fall of bitcoin that might turn to zero value of every bitcoin and also those people who like to meddle with other peoples transaction which could turn to their immediate anger. And Scammers are also potential harm to bitcoin because they disturb and harm the other peoples transaction through frauds and trickery.
If there is a program that hacked all private keys of crytocurrency maybe that's possible.But its very hard to think that as of today that bitcoin has now a very strong foundation maybe it's impossible to destroy it.Just be thankful that bitcoin has created because many people hasnow becoming rich.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin prices will drop if the miner is greedy. As has been previously reported rumored if the greedy miners by raising their miner speed eventually not long ago bitcoin prices drop almost 15%. On the other hand I think the bitcoin maker aims to prosper the whole human through bitcoin. 1. No one believes in bitcoin (because of something).
2. World war.
3. When the power grid/internet has been shutdown.
2. World war.
3. When the power grid/internet has been shutdown.
I beg to differ. I think a world war would possibly see bitcoin to $100,000
Because any other financial system would be so much more affected than bitcoin.
i m not seeing anyone can destroy bitcoin.you can see the growth and definately bitcoin user is also increasing day by day.so bitcoin is for long term
Only the loss of internet connection can destroy bitcoin.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I think us too. I mean it is the same as cash, we give value to cash because we believe that it has value, well it's just a piece of paper. Now, the same principle applies in bitcoin, if we don't give value to it, it will become worthless too.
The Bitcoins may be the Government. We have seen its impact when announcing the Chinese government's stopping the ICOs and Exchanger. This resulted in a sudden fall estimated at $ 1,000 a few hours before it was said. So if the powerful countries have fallen and fight the bitcoins there is a great deal of disruption.
I think bitcoin will be destroyed when hackers hacked that technology and consumed all or almost all the amount of bitcoin. Also, when a great programmer create a better technology than bitcoin.
the only can destroy bitcoin are the governments they have ability to destroy the bitcoin if the governments want to ban bitcoin all over the world then the value of bitcoin will be 0.
I guess that some things that can destroy or overcome bitcoin includes other altcurrency rising up, total disinterest of people or bitcoin being used massively for illegal acts wherein the government would declare it banned due to uncontrollable circumstances.
The special services. They can declare that bitcoin is used in financing terrorist organizations.
For me in this time nothing can destroy bitcoin but in the market he exist another cryptocurrency still grown up more and more every day
Only if all governments are forced to ban all bitcoin together they can defeat it. Otherwise they will not have any chance, bitcoin will dominate.
It was really not possible to disable all the bitcoins circulation because a lot of company will fall down and they will all complain, There is a lot of investor who spend to much in this bitcoin industry and that is the reason why they cannot remove bitcoin so easily because everyone will be affected.
Even all government ban the bitcoin they can't do anything about it,because bitcoin doesn't depend on any government.There is only on way to stop bitcoin is shutting down the internet worldwide if that happens the whole world will be choked no one can do their work.Even all governmet work needs internet so it won't happen.The bitcoin will survive untill people using it.
if all governments were to block it, all the exchanges would be blocked, all banks making cash transfers to exchange, bitcoin outlawing and making a sanatoria with the aim of stealing bitcoin holders, with secret services persecuting bitcoins, etc... If they really wanted to, they could do it: but they are corrupt men and so they will almost never do it. But in theory they could.
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