Who can destroy Bitcoin ? - page 34.

usekevin

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Quote from: TraderRay on October 20, 2017, 11:56:07 AM

As of now, No One. But in the future, maybe when all countries' government act in unison to control it, the value will drop but not totally to zero

Good Analysis about the bitcoin.No one got a power to destroy the bitcoin.Many government till now tried to destroy the bitcoin.But the true is no one has able to destroy so.I think this is the reason for people calling bitcoin as a decentralized coin.They can't control the Value also.

jak3

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I do not think that anyone can possibly win this war. Bitcoin is the best crypto currency out there and it will be the number one. Some people are really supporting eth and yes it is really good but that doesn't mean Bitcoin will be down. Bitcoin not only has higher price but also has more wide acceptance than eth.

LevshaK1

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Quote from: Eternu on October 20, 2017, 01:43:50 PM

Quote from: TraderRay on October 20, 2017, 11:56:07 AM

As of now, No One. But in the future, maybe when all countries' government act in unison to control it, the value will drop but not totally to zero

I think that you are right, it would be nearly impossible to destroy Bitcoin now. It have too much users and a lot of people support it, and those are still growing. One day we will see regulation of Bitcoin in all countries, but that will not happen soon. Bitcoin is growing so fast and it is great to see that.

Governments of different countries want to regulate bitcoin, but I doubt that they will succeed. But the government has long arms. Therefore, it seems to me that if bitcoin is punished with strict punishment throughout the world, bitcoin will die

benalexis12

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No one can Destroy Bitcoin, but you canmanipulate the price of bitcoin. Government institutions right now are involving in bitcoin and a lot of company merging on blockchain.

Eternu

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Quote from: TraderRay on October 20, 2017, 11:56:07 AM

As of now, No One. But in the future, maybe when all countries' government act in unison to control it, the value will drop but not totally to zero

I think that you are right, it would be nearly impossible to destroy Bitcoin now. It have too much users and a lot of people support it, and those are still growing. One day we will see regulation of Bitcoin in all countries, but that will not happen soon. Bitcoin is growing so fast and it is great to see that.

ankylotic

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Quote from: TraderRay on October 20, 2017, 11:56:07 AM

As of now, No One. But in the future, maybe when all countries' government act in unison to control it, the value will drop but not totally to zero

Exactly at this moment anyone would be able to destroy bitcoin because it is decentralized and well - known currency. It is also the most influential cryptocurrency in the digital world and with the higher value. Bitcoin nowadays is the most powerful crypto coin and many investor holding it and which is the main strength of it and that will make bitcoin not to be replaceable.

endlasuresh

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Quote from: senne on September 18, 2017, 04:05:21 PM

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

The market value will never drop to 0, did you seen the current price is $5988 and 12 dollars away for $6000. There are no factors or problems for using Bitcoin as you see a lot of Govt are too involving in BTC world.

Today I heard on coindesk blog the Sweden Govt has sold Bitcoins for higher rate than the market value.

ekoice

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In today's situation,no factor seems to have power to destroy bitcoin.Neither governments,nor banking sector or the legality issues have the power to stop bitcoin.It was earlier expected that china's actions against bitcoin would even destroy bitcoin.But now,that threat also has gone.No altcoin seems to have potential to replace bitcoin.Bitcoin may face a serious threat after twenty years when quantum computer might get introduced.It would be able to read the private key of a bitcoin wallet using its public key itself.

alexsandria

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Quote from: senne on September 18, 2017, 04:05:21 PM

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

I think there are no people who can destroy bitcoin because as we observed today bitcoin can be a good thing to many people and most of the people who are using it all benefits from it. Many people have earn a lot in bitcoin and many people able to survive their financial problems as well as their needs because of the support of the bitcoin.

TraderRay

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As of now, No One. But in the future, maybe when all countries' government act in unison to control it, the value will drop but not totally to zero

anhhung409

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Quote from: senne on September 18, 2017, 04:05:21 PM

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

I think the person who can kill Bitcoin can only be the creator of it or the government. So far, these two forces are not always in the same direction and always hinder each other. Bitcoin is evolving and it is dominated by cash and fiat. People use it without paying taxes. Account information is always confidential and anonymous so that the government can not intervene and control it. So Bitcoin is always the thorn in their eyes

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Quote from: senne on September 18, 2017, 04:05:21 PM

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

The only scenario in which bitcoin can die is when all the governments around the world declare bitcoin as illegal and start putting everyone using it in prison or imposing a serious fine one him. Otherwise there isn't any way that bitcoin is gonna die because internet is always live and bitcoin thrives only internet.

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Quote from: senne on September 18, 2017, 04:05:21 PM

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

As long as people are using bitcoin or as long as there's a market demand bitcoin will not die. A lot of things happened to bitcoin like, the last hard for that resulted to bitcoin cash, China banning bitcoin, and this upcoming hard fork. However, bitcoin stood still and it kept on increasing it's price. Bitcoin is becoming famous and famous that's why it's hard to kill.

futile-resistance

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Quote from: Eugenar on September 24, 2017, 06:54:15 AM

Quote from: senne on September 18, 2017, 04:05:21 PM

Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

Bitcoin is growing in all aspects because of its users and investors, and I believe that its users can also 'destroy' it. If its users will find another crypto which has a higher and more stable market value, they'll probably transfer to it, and the demand of Bitcoin will fall. If the demand is low, its value won't be high. And may result for Bitcoin to be removed as the no. 1 crypto. And if the negative effect will be continuous, it will be bad for Bitcoin if this thing will happen.

Yes I agree with you no one can destroy bitcoin in this era and in the future as well. Besides in the future bitcoin will be stronger. The reason is that more and more people are investing and trading in bitcoin. If there is such any problem why would these people invest their hard earn money in bitcoin. They realize that the coming era is that of bitcoin. Other currencies will destroy but bitcoin will be there.

uztre29

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I do not think Bitcoin can be destroyed by someone or something. If Bitcoin can be destroyed, the only one(s) who can do that, is the creator(s). Bitcoin is so powerful. Even the governments have no right to make the value of bitcoin become zero. Also, Bitcoin is becoming more and more popular these days. We all know that if its popularity increases, there is a chance that its value will increase too.

Nilima-Temp.

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In my point of view, apparently none can destroy bitcoin personally because it is secured. on the other hand i think that , now that it has gained so much importance in freelancers' income and life as well, that if it gets destroyed, a huge number of people will starve to death. In that case, people will try their best to save bitcoin getting into wrong hands and so on.So i think none can do so.

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Quote from: onrise on October 20, 2017, 04:25:24 AM

Quote from: azril fauzan on October 19, 2017, 06:58:54 AM

I do not think anyone can destroy bitcoin as long as bitcoin can be traded and accepted as a medium of payment for trade transactions

It can be destroyed by the different countries government by placing the ban for their citizens which means that it is useless for them. If majority of the countries do place ban on this currency it will have a negative image and other countries may also follow them.

Especially on the most influential country if taht might happen then it will be the time that some other countries will do the same way too if they influence some countries but if not even they are influential maybe bitcoin on some countries will never been destroyed.

onrise

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Quote from: azril fauzan on October 19, 2017, 06:58:54 AM

I do not think anyone can destroy bitcoin as long as bitcoin can be traded and accepted as a medium of payment for trade transactions

It can be destroyed by the different countries government by placing the ban for their citizens which means that it is useless for them. If majority of the countries do place ban on this currency it will have a negative image and other countries may also follow them.

migolmigol

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The downfall of the economy and the government imposing the prohibition of Bitcoins. This will really make everything in Bitcoin down as investors will sell and avoid the downfall.

nelsledma

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Quote from: Ayush rana on September 24, 2017, 07:58:01 AM

world war can be the main reason that will destroy bitcoin.
But there are some other factors like duplicate Bitcoins in market. Another powerfull crypto currency. Or like china if other countries ban Bitcoin.

I don’t believe in that because one country can never stop bitcoin. If there is a very strong country that is against bitcoin, he should keep this in mind that more strong people have started bitcoin and they will never let that country do anything against bitcoin. It is the world popular digital currency and in this era nothing could stop bitcoin from spreading all over the world.

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