Topic: Who can destroy Bitcoin ? - page 54. (Read 21748 times)
If the Ethereum is more successful in the future, it can destroy bitcoin.
for me, bitcoin will always live and continuously increasing the value of high prices in the future toward later and we should enjoy revenue and don't worry about the future because it will take more than 30 years it might happen. There are several factors that can destroy the bitcoin is an intruder a hacker breaking into professional bitcoin so bitcoin bankrupt price bitcoin became weakened back
No body can destroy the bitcoin physically at a stretch since it is an electronic asset but it can discourage by the government to their own people and it can ban the ATM out lets from their own country. It is indeed a tedious task to destroy the bitcoin to one country alone and hence practically it is impossible unless a parallel arrangement better than bitcoin is enforced.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
There are several factors on how bitcoin can be worthless, and here are some scenarios that I think that may potentially destroy bitcoins:
1. Prohibition of most countries against bitcoin transactions;
2. Number of people and investors who use bitcoin as an investment or for transactions;
3. The worldwide shutdown of the internet connection; and
4. Maybe high-ranking government agencies that have control over transactions.
The question is, would bitcoin be worthless in the future? As of now, its price is continuously rising despite China's banning of ICOs but there was a dramatic decrease on its price from $4700 to ~$4000. We may never know what to expect in the future that might increase/decrease price of bitcoins but the fact still remains that bitcoin is indeed, an investment that everyone should risk for.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
1. World War
2. Dooms Days
3. Something more advance than bitcoin
at this moment nothing can really destroy crypto currencies. it is too late for banking industry to kill it.
Bitcoin is at present very valuable crypto. But i am not sure properly who can destroy bitcoin. If any single country not support this. So i think this coin can be destroy. But it is not possible and do not want to destroy bitcoin.
The goverments can destroy bitcoin banning this cryptocurrency
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
In the future if no one will be interested or there is a new currency that has a higher value then maybe the market price will sink to zero, Another thing when the time comes that there is no more bitcoins that can be mined then that is the end but for now just enjoy earning and do not worry about the future because it will take more than 50 years that to happen.
There was lots attempt already happened to destroy bitcoin but nothing changed for some time the fluctuation happened may be small dump for a month then after huge raise above 200% recent hardfork now china ban becoming stable and ready to take one more launch.
Many are trying to destroy the bitcoin by having a fear in bitcoin will replace their entire currency system. At first ,China banned the bitcoin trading .Since many Investors are in China. They got fear of the bitcoin will replace their own currency. So they start to ban the bitcoin. But bitcoin had over come That one.
Bitcoin destroy is not possible by anyone because bitcoin is not a personal assets of everyone that someone want to kill it and happened. bitcoin is public assets so if have to destroy bitcoin firstly have to destroy internet server or protocol and secondly satellite. otherwise can't never.
There was lots attempt already happened to destroy bitcoin but nothing changed for some time the fluctuation happened may be small dump for a month then after huge raise above 200% recent hardfork now china ban becoming stable and ready to take one more launch.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin can be destroy if no one can use it or maybe in my thought it is destroy when too many hackers belong with bitcoin.
Abandoning bitcoin is not same as destroying bitcoin, not in my mind. Why would hackers destroy bitcoin? Only if someone
pays them to do that, then they are just executors and not the people who really wish to destroy bitcoin.
I do not have enough knowledge to know what can destroy bitcoin from technical side, I will go from logical stand people
created bitcoin and probably people can destroy bitcoin, I will not copy/paste other answers cause there is many logical
scenarios mentioned in this topic, if majority start to work on any scenario it can end up bad. All that is just theories, too many
people is working for bitcoin and now bitcoin is unique force, and I think that bitcoin can not be destroyed easily.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin can be destroy if no one can use it or maybe in my thought it is destroy when too many hackers belong with bitcoin.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
The one factor is government, government is so powerful that can ban bitcoin anytime, and when the time comes the price of bitcoin will be zero because no one can use this if its alreadt banned
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
In present not dead bitcoin.but can dead bitcoin future, because ETH coin very popular. if bitcoin price low however ETH goes to 1st position
Bitcoin and blockchain will always be a typical foundation, so that all other crypto coins will be thrown from the shape and likeness. crypto that has a better performance that will last, and I think Bitcoin has a good performance that can beat its competitors so it will survive and continue to grow.
if we will be discussing if there is ANYONE out there that can destroy bitcoin or cryptocurrency as a whole then i guess this is not possible.
for me bitcoin can only be destroyed if there is a failure in technology and not because someone did something about it.
Not even a country can put a stop to cryprocurrency.
But if there is a failure in technology such as internet worldwide interruption could cost cryptocurrency destruction.
But this situation may not also happen.
So my conclusion is that bitcoin will never cease to exist...
for me bitcoin can only be destroyed if there is a failure in technology and not because someone did something about it.
Not even a country can put a stop to cryprocurrency.
But if there is a failure in technology such as internet worldwide interruption could cost cryptocurrency destruction.
But this situation may not also happen.
So my conclusion is that bitcoin will never cease to exist...
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Well Media can hurt the price of bitcoin and even popular person who throw bad comments about bitcoin, but literally bitcoin will never become zero again in terms of value, because i know a lot of people are believing on bitcoin and no one can dictate them what to do. They can drag down the price of bitcoin but they can't destroy bitcoin, never.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
If another cryptocuurency arise and more advance than bitcoin I think it can destroy bitcoin but not that no one will use bitcoin it can be decrease the amount of people who use bitcoin if they see that there is more powerful than btc it's quite ironic that because of bitcoin it can destroy itself. Jump to: