Topic: Who can destroy Bitcoin ? - page 56. (Read 21748 times)
Global scale EMP, destroy all electronic device. Separate digital world from human being
I think no one can destroy bitcoin now because it’s popularity is still growing. Or maybe it will be destroyed if there’s a world war and the internet connection is loss all around the world. And also it can be affected if the government take an action that is to contradict bitcoin in any country.
No single person can destroy Bitcoin, not even a group can. It can't happen it is like trying to destroy the internet it just won't work. It is like trying to keep air from people. Internet is part of our lives now we can't live without it anymore. Bitcoin we can't live without financially. An apocalypse would have to happen and everything went offline. Money would be useless and we would go back to trading things for what we want.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
There are several things that could destroy bitcoin, the most important are natural disasters, if a natural disaster so big like an asteroid hitting the earth or something similar happen then the last of our problems will be the disappearance of bitcoin, another entity that can destroy bitcoin are governments, if they decided to bribe the miners they could get 51% of the hash power and do as they wish with the network.
the right answer is is the market, they will make their choice on crypto innovations that arise and will eventually move the majority of capital if bitcoin is not able to grow and respond to the innovation challenge of altcoin, I mentioned about ethereum and some altcoins are starting to move with confidence to gaining market attention in the long run.
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I think no one can destroy bitcoin now because it’s popularity is still growing.
That is what can destroy it also.
When bitcoin will not be the number one choice anymore and will retreat in the shadows like some altcoins did.
Although I don't envision this happening years to come this is what sometimes in the future will happen.Nothing last forever.
And bitcoin is no exception to this rule. Something better might come out , the community will shrink and it will.."die".Although it will take a single computer still mining to keep it alive.
The risk is not physical destruction, outlawing, or any of these things. It is trust. If everyone suddenly decided that Bitcoin is not worth the amount we say it is today the value will of course drop. This could be because Bitcoin itself loses trust or something comes along that people trust more. If something comes along that stole Bitcoin's network effect it would not destroy Bitcoin, it would just drop its value to some level
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
which can paralyze the price of Bitcoin in the market is the consumer/user of Bitcoin itself.If there are no customers using Bitcoin I'm sure Bitcoin will not be worth it.
or if there is a new technology that outperforms Bitcoin.
Maybe Bitcoin will be left behind and many throw it into the trash.
The one who can destroy bitcoin is the community it self. If peoples trust to bitcoin gone bitcoin will die also. as fast as the community dump all their coin. no one can stop that even you a billionaire. This is why community so important to bitcoin. No one can stop the rises or the dump. Just only us will be the bone of bitcoin if you wanna want bitcoin to last forever.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
In my own opinion, the only people who can only destroy bitcoin is the government because they are the one who gives orders and the one who makes the rules or the law which we need to follow. Thats why they can destroy bitcoin for a long term. Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I think if all governments ban bitcoin, I think then the motivation to use bitcoin as a P2P currency will dwindle and eventually because of the loss of value/demand it could go to a slow death...
But lets hope that's not the case...
to me, i guess it's far to happen right now because its popularity still growing,
but however there is also a chance, because it's up to the government authorities if they contradict to this bitcoin.
but however there is also a chance, because it's up to the government authorities if they contradict to this bitcoin.
As one become more and more popular and have more friends and well wishers, the more enemies one make for oneself.
Same is the case with the Bitcoin my friend, as it is gaining popularity banks, investors are becoming enemies to this crypto currency because they fear that if the Bitcoin becomes more and more powerful it may reduce the usage of Banks and hence reducing their profits, due to which in the recent many statements have been issued against Bitcoin so that people find it risky to invest in the Bitcoin and you never know what is in their mind to destroy Bitcoin to regain their profits once again.
for now it may be the only government that can destroy Bitcoin, because those who have the authority to lock or narrow the spread of bitcoin
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
In my opinion, bitcoin can destroy by people who has a power like tge governments because they are the one's who makes the rules or laws for us to follow and for our safety. But removing or destroying bitcoin is very awful because many people will lose a lot of earnings from their investment and etc.
to me, i guess it's far to happen right now because its popularity still growing,
but however there is also a chance, because it's up to the government authorities if they contradict to this bitcoin.
but however there is also a chance, because it's up to the government authorities if they contradict to this bitcoin.
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin doesn't has any intrinsic value and is backed by nothing. Price is rising just because of demand. Once the demand decline, price will decline too. Now question arises what can decline the demand? Any new form of monetary system or government ban in various countries can do that easily. So, future is uncertain. Anything can happen anytime.
As long as there are investors, traders and miners then bitcoin can exist and no one can destroy it. Not even China, because bitcoin has already captured popularity globally, its much more harder to destroy. Banning is different though, a certain country can temporary affect the ecosystem like China did, but it doesn't mean that they can destroy bitcoin. Look at how bitcoin recover from all the attacks recently, specially Jamie Dimon. So as long as we are here and put our trust on the system, but it can survived up to the last mine bitcoin. So personally, I have no doubt that no one can destroy it.
I think that can destroy bitcoin is a person who participates to bitcoin itself ,, just as bitcoin will be destroyed if bitcoin users use it to do evil, then the world will see that bitcoin is bad in the eyes of the world, then also the mining beyond the boundary can lower the value of bitcoin currency ,,
and there are many other things that can destroy bitcoin ,,
and hopefully we do not include people who damage bitcoin ,,
and there are many other things that can destroy bitcoin ,,
and hopefully we do not include people who damage bitcoin ,,
I think no one can destroy bitcoin now because it’s popularity is still growing. Or maybe it will be destroyed if there’s a world war and the internet connection is loss all around the world. And also it can be affected if the government take an action that is to contradict bitcoin in any country.
Trust is the number one enemy of bitcoin i think because if there is no people's trust the value of bitcoin is still zero or maybe too bitcoin became popular because of trust that people put into it and now it became the number cryptocurrency, also the government can destroy bitcoin not completely but they can destroy it by making it illegal in their country.
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