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Topic: Who can destroy Bitcoin ? - page 60. (Read 21748 times)

hero member
Activity: 742
Merit: 500
September 22, 2017, 12:22:38 AM
There is still no alternative altcoin which could replace it making its importance less and finally making its value zero.
Legalization issue also will not affect bitcoin since most of countries have decided to legalize bitcoin.
China ban on bitcoin which we all feared these much days is also no  more an issue since bitcoin has performed well after ban and it has proved that it is no more in need of china for its progress.
The only threat remaining is the introduction of quantum computing which is said that it could read the private key of a wallet from its public key.If it happens so,then security of bitcoin would get compromised.But it may take around twenty more years for it to get introduced.
sr. member
Activity: 1148
Merit: 300
September 21, 2017, 06:39:20 PM
Only us, the people who use Bitcoin, can destroy Bitcoin. For example, if you lose the password of your wallet or lose the, for example ledger wallet, that had your stored Bitcoin, then it will be destroyed. Other than that, no one can really destroy Bitcoin.

Factors that cause a price drop is the usual. It always depends on that supply and demand paradox. If the supply of Bitcoin is low and the demand high, prices will shoot up.

If the supply of Bitcoin is high and the demand low, the prices will plummet. So if everyone stops using Bitcoin or switches to another coin, for example, Bitcoin Cash, then Bitcoin will be well and truly be destroyed.
yes i agree i dont believe bitcoin will be going to destroy because it is an opportunity.why you distroy bitcoin if you can join through it it is really a huge opportunity to learn and earn i cant see any possibility that it will be going to destroy someday.
full member
Activity: 266
Merit: 100
September 21, 2017, 10:53:28 AM
Only the government can destroy this bitcoin, what will you do if the bitcoin is banned in many countries? I think this can be destroy the bitcoin and the end of the currency in internet
hero member
Activity: 672
Merit: 500
September 21, 2017, 10:44:48 AM
For me there are only two powers which can destroy Bitcoin. One if the government who have the power and authority over what goes in and out of the country and they can also monitor the internet usage and transactions that happens in their country, they can also take control the nations internet if they want to. And the second are the banks which is lead by the central bank. Since banks are the primary monetary groups or companies and corporations in charge of managing money then they have enough influence that can also be used against bitcoins specially if they can earn a profit from it. Well that’s how corporate greed works.
member
Activity: 633
Merit: 14
September 20, 2017, 12:14:36 PM
Some people believe bitcoin can be destroyed, maybe in my opinion no one can destroy it! Because bitcoin does not depend on anyone! Especially bitcoin is a very strong cryptocurrency
sr. member
Activity: 490
Merit: 256
September 20, 2017, 12:12:51 PM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

Itself.

Any powerful thing's biggest threat is itself. Though Bitcoin is strong, if it keeps getting involved in some issues,it might trigger something worse. An example of this is the continuous growth of transaction fees. That is a factor since people might get over Bitcoin due to its inefficiency when it come to transactions in a daily basis. The high transaction fee is too much for a normal person. Who would want to pay more using Bitcoin that paying the exact amount using fiat? Another example would be the slow or bottleneck of transactions. Who would want to wait for an hour or so just to see that the confirmation of the transaction was a success especially on a daily basis usage?

So Bitcoin will kill itself if it continues this way. Though there were some improvement, if this will not be sustained, some might just jump to another boat.
sr. member
Activity: 322
Merit: 250
September 20, 2017, 12:11:06 PM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
nothing can destroy bitcoin. bitcoin is virtual money and will never crash. except to fall to the lowest level. bitcoin is anonymous. no one ever knows. I believe bitcoin will still exist and stay victorious.

Yeah bitcoin are growing, we can see how trend market are developing everyday, but we can't  ignored that there is another side of the story that can severely affect bitcoin price or yet be destroy.

Maybe its hard or impossible for the goverment  to shutdown the all the servers but we cant neglect the fact that they have all the power to disable bitcoin. they will just make a protocol to stop people and company for buying, selling, and holding bitcoin.it means goverment can make bitcoin incapable to anything useful and sooner or later comes to end.
hero member
Activity: 980
Merit: 507
September 20, 2017, 11:22:29 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Not even governments, tbh.  They can try banning it but it won't work, gambling is banned in the US, and most of gamblers belong to the US, hell drugs and porn is also banned in so many countries, but did people stop doing such things, no. And bitcoin is nothing when compared to these.
full member
Activity: 266
Merit: 100
Platform for Investing in Cryptocurrency and ICOs
September 20, 2017, 11:12:55 AM
Probably, the destroying of bitcoins can be caused by zero value on the market because it will no longer be useful to anyone that is on the bitcoin community. It will then be nothing. Also, hackers with the great amount of skill can destroy bitcoin but i think it is not possible since bitcoin holds the highest security on their coins.
sr. member
Activity: 546
Merit: 250
September 20, 2017, 10:15:11 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.




nothing can destroy bitcoin. bitcoin is virtual money and will never crash. except to fall to the lowest level. bitcoin is anonymous. no one ever knows. I believe bitcoin will still exist and stay victorious.
full member
Activity: 319
Merit: 100
September 20, 2017, 10:10:08 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
Bitcoin is a virtual money and uses Technologies and Internet to access. If internet may loss, there is a high possibility that bitcoin may gone also. Because it is an Online money, you need an Internet to be online. And also If there is a virus that may affects the value of bitcoin.
full member
Activity: 840
Merit: 106
Buzz App - Spin wheel, farm rewards
September 20, 2017, 10:04:09 AM
in my opinion bitcoin will not be destroyed while the internet is still usable. bitcoin also will not be destroyed by hackers. bitcoin users are already around the world, so it's impossible if bitcoins are destroyed.
member
Activity: 113
Merit: 100
September 20, 2017, 09:47:32 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
There's no one can destroy bitcoin for now. Cause there's many country who used bitcoin and i think sooner its become better unless if all country was decide to banned bitcoin i think that's the only way to destroy bitcoin to have a unity all country who used bitcoin now will banned it but i know its not happen for now vietnam and india the bitcoin will legal and i read about the china is banned the bitcoin. Don't panic that's only china. It can affect the value but china can't destroyed bitcoin.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
September 20, 2017, 09:21:44 AM
Until now no one can beat bitcoin, but if we talk in general only ETH has the potential to beat bitcoin, but I think for now ETH can not beat it.
But soon the possibility of ETH will be ranked 1
I think that bitcoin is a part of the technology that could bever be destroyed by any other form of technology. Becasue bitcoin could experience development and innovation a part to the inevitable changes that is one of the factor for people to earn. So it would rather experience more development rather than to be destroyed by the government or any other people.
sr. member
Activity: 1297
Merit: 294
''Vincit qui se vincit''
September 20, 2017, 09:17:17 AM
1. No one believes in bitcoin (because of something).
2. World war.
3. When the power grid/internet has been shutdown.

1. How can you define that if somone or no one do believe on Bitcoin? Hoe can you say that that individual/group may make Bitcoin's value crash?

2. Yea. This Would have a chance make Bitcoin to an end due to but can make bitcoin recover again after the war.

3. It's nearly imposible if they shutdown the internet mate. (It's like you're trying to gamble with 0.00( alots of 0 and 1). Almost everyone relies on internet.
full member
Activity: 644
Merit: 127
★Bitvest.io★ Play Plinko or Invest!
September 20, 2017, 09:06:14 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.

True, and if it really happen the only one who can destroy bitcoin is itself, China banned it already, it dumped but now continue to grow, several issues about its illegal features, being decentralized in which point government cant control it, still existing so I think the only one that can destory this is bitcoin itself.
sr. member
Activity: 1246
Merit: 255
September 20, 2017, 09:05:02 AM
Only God can stop bitcoin.(As to, WHO?) but asides , Global internet shutdown, world war, and rapture can stop bitcoin.
sr. member
Activity: 1330
Merit: 291
September 20, 2017, 08:57:25 AM
Bitcoin is growing very powerfully but in this present scenario which factors can destroy or make its market value Zero.
I don't believe that there any individual, institution or government that can bring bitcoin to a zero level. China influence on crypto currency in recent time was insignificant despite the ban by chines government on ICO and other crypto currency activities.    
full member
Activity: 495
Merit: 100
You have to get what you want your own way.
September 20, 2017, 08:39:14 AM
the future of money is digital currency, even Bill Gates said so, the world's wealthiest man. I believe banks and even government cannot stop nor destroy the Bitcoin, for it is made for people, not for banks. digital currency shows how transaction can so cheap and almost free, in a secure, fast and reliable way, i mean who hates that aside from banks and government. It's unstoppable.
full member
Activity: 378
Merit: 100
September 20, 2017, 08:38:40 AM
for now bitcoin is very strong, I think bitcoin can not be defeated maybe in a few years there will be another coin, like deeponion or ETH that can rival bitcoin, that's in my opinion.
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