Will Bitcoin be too big to fail? - page 10.

Kuchiyose

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Quote from: ubay on December 15, 2017, 02:16:25 AM

We all know the world bank is a failure of the system still in use, they always hide the transactions of people and always use the money of others without us know. And this is where the bitcoin role, it is able to make transactions so transparent to us all, the level of sophisticated security, and others. I'm sure bitcoin will not fail.

That's one of the reasons for all kinds of reasons that Bitcoin will never die or be useless. Wink

ubay

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We all know the world bank is a failure of the system still in use, they always hide the transactions of people and always use the money of others without us know. And this is where the bitcoin role, it is able to make transactions so transparent to us all, the level of sophisticated security, and others. I'm sure bitcoin will not fail.

migolmigol

full member

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As far as I want to support Bitcoin. I think Bitcoin or any other cryptocurrency is not big enough not to fall. As the saying goes, what goes up must go down. And so someday this will be proven also by the value and price of Bitcoin. It may not be today, but someday. We dont know how and when but it will. Probable reason for it is a panic selling of Bitcoin holders that will have a snowball effect of dramatic decrease of demand and price. Or a bubble burst after hitting a price ceiling.

d1ceplayer

sr. member

Activity: 686

Merit: 277

Quote from: Scorpion on December 13, 2017, 04:06:16 AM

It looks that way because it's empowering people and trend is looking like more and more people are taking hold of this power and not letting it go easily. The thing is Bitcoin is a realistically new concept for the mainstream folks so it's no where near where it could end up being.

Bitcoin is allowing people to express themselves and let them raise voice for their rights. It makes them able to bring ease and comfort to their lives and enjoy the nature and its blessings. Bitcoin cannot fail because it is allowing mass to earn money when they are deprived of a regular job and secure their future. Bitcoin allow the mass to fulfil all their wishes and make them able to enjoy their life

lickgrumpy

newbie

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Bitcoin is an unpredictable currency. Thus, it will be quite hard to determine. When it falls, there's a possibility where it will rise again, and vice versa.

Walrus1

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Too big to fail only implies a bailout if it tanks. No one will refund us if Bitcoin crashes. So no it's not to big to fail

mabell943

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From the excellent performance that the company and management shown in the public market. I think it is impossible to happen since bitcoin they do all their best to innovate the company.
The dedication, hard work, passion and perseverance just to provide an excellent service give them more chance to survive in this industry.

Rosilito

sr. member

Activity: 658

Merit: 274

Wish for the rain? Then deal with the mud too.

Even if how big bitcoin is, it can be a big failure too. There is no such thing that gets no fail even the richest man in the world starts being failure. Also, bitcoin is man's power means that individuals are keeping it to run, eventhough the situation is like that such disaster that will stop bitcoin will not be avoided, because there are no organization or can we call a head of this something who will monitor that threats is not even existing bitcoin runs through the availability of man using it. So, if bitcoin might get wiped out by something that will shut it down is easy as you think, because no one will be there fighting up such disaster and overcome those threats lf shutting it down. So, bitcoin is not too big to fail wiping it out seems easy. Well, this is only my opinion.

donalfonso

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First of all, I dont think any business or project is immune to failure, and its important to know that for now national economies are not dependent on bitcoin. Its remarkable growth has been due to confidence in it as a store of value by those that have signed up and more and more people that keep signing up. As long as the confidence in bitcoin can be kept up. It has a long and very interesting lifespan and any talk of failure for now can be brushed aside. Son in terms of short term and medium term future of bitcoin, its presently doing well for it to fail. Cant say for the longer term though

Egoitss

member

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I think its not too big to fail, there can be various situations, someone can find a bug or it can't be bulletproof from quaint computers or Biocompiuters. If we are talking about price, dot.com was bigger still find a way for 90% correction.

Scorpion

hero member

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Bitcoin OG

It looks that way because it's empowering people and trend is looking like more and more people are taking hold of this power and not letting it go easily. The thing is Bitcoin is a realistically new concept for the mainstream folks so it's no where near where it could end up being.

alphacoco

member

Activity: 110

Merit: 10

Too big to fail means someone will bail them out. I have known in banking though that someone won't be held to the same rules as everyone else because the business is needed, I am not sure if our economy is that dependent on bitcoin just yet for it to happen.

The network has problems though and can be manipulated so maybe something will happen to make people lose faith. I really hope not. But then what happens in a world with so many "people" invest in something with 15 times return per year. Surely that can't continue?

tee-rex

hero member

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Quote from: subSTRATA on December 12, 2017, 01:56:56 PM

Quote from: haiyou on November 21, 2017, 09:19:57 AM

My opinion is that Bitcoin will not fail because it is based on blockchain technology, which is by far the most modern technology. So the more the blockchain system develops, the more Bitcoin space will grow, at least for now. I think so

just because some technology was recently developed doesn't mean it can't fail. the blockchain's strength lies in the decentralization and the numerous nodes keeping the network strong. should off of these nodes go offline, and all existing, up to date copies of the blockchain deleted from our hard drives (without any sort of backup), the bitcoin network would essentially disappear, and so would all the progress bitcoin has made in the past 8ish years

But that's virtually impossible, so such assumptions are mostly irrelevant and make no sense. There are always backups on inerasable media like optic disks and what not. Though I agree that bitcoin may fail in the end but so far it is far from that. As other posters said, you wouldn't see something to be rising in price as fast as bitcoin if you were expecting it to fail soon.

Anyway, if something like destruction of all or most hard drives should happen for real, bitcoin won't be the only casualty.

Dapper

sr. member

Activity: 560

Merit: 260

No such thing as too big to fail. That's why you always diversify. I made much of my investment capital with two 'star' stock IPOs nearly 20 years ago during the dot com boom/bubble. One was called Foundry which didn't last more than 8-9 years before getting acquired by another company and the other Silknet Software. You can hardly find a trace of the 2nd company nowadays even when trying to search for information about them. I'm not even sure what happened to them as I only held the stock for about 3 weeks before cashing in.

You can bet though that that capital is still around because I put it into another 30+ investments, some that didn't go anywhere, some that worked out pretty well.

Diversify and you won't regret it when things don't go the way that you are wishing it to.

helars2008

full member

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For me cannot call bitcoin or cryptocurrency for this matter as too big to fail.
Situation may still arise in the future that may cause a huge problem for bitcoin wherein it may fail to recover.
But nevertheless that kind of situation seems almost impossible to happen therefore you can be confident about bitcoins future.

retnoanjani

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if bitcoin fails, it is not possible the price could be + $ 15000. that means bitcoin market is getting crowded and many investors are interested. In addition, blockchain technology also began to be studied government, especially banks.

cosmoo

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Quote from: subSTRATA on December 12, 2017, 01:56:56 PM

Quote from: haiyou on November 21, 2017, 09:19:57 AM

My opinion is that Bitcoin will not fail because it is based on blockchain technology, which is by far the most modern technology. So the more the blockchain system develops, the more Bitcoin space will grow, at least for now. I think so

just because some technology was recently developed doesn't mean it can't fail. the blockchain's strength lies in the decentralization and the numerous nodes keeping the network strong. should off of these nodes go offline, and all existing, up to date copies of the blockchain deleted from our hard drives (without any sort of backup), the bitcoin network would essentially disappear, and so would all the progress bitcoin has made in the past 8ish years.

Quote from: Gargo on December 12, 2017, 01:40:00 PM

Quote from: Jombrangs on December 12, 2017, 01:36:47 PM

No the company and management of bitcoin performs excellent in the public market.
Their dedication, hard work, passion and perseverance just to provide an excellent service give them more chance to survive in this industry.

In my opinion, the current fall of Bitcoin is impossible. It has developed very well and has come into effect in almost every human being in well-developed countries. He can not threaten anything.

read what i said above. it's an unlikely scenario, but it definitely is possible.

I hope that the worst scenario will not be. (because I don't know what to do then Cheesy

)

R21

full member

Activity: 327

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Now a days bitcoin day by day more viral and gain most popularity about cryptocurrency, bitcoin is now most viral cryptocurrency and day by day increase bitcoin demad! so, at this time it's impossible to destroy bitcoin and down it's value!

hilda483

member

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Merit: 10

Quote from: SupportBitcoin on October 23, 2017, 11:10:09 PM

After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!

Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.

Thanks in advance!

I don't think Bitcoin will attract many investors anymore. Why? Bitcoin is $18 000 now. Next year it will be $54 000. That's ~200% increase. Other coins will increase 10 000% . Why invest in BTC? hm? Why?

subSTRATA

legendary

Activity: 1288

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:^)

Quote from: haiyou on November 21, 2017, 09:19:57 AM

My opinion is that Bitcoin will not fail because it is based on blockchain technology, which is by far the most modern technology. So the more the blockchain system develops, the more Bitcoin space will grow, at least for now. I think so

just because some technology was recently developed doesn't mean it can't fail. the blockchain's strength lies in the decentralization and the numerous nodes keeping the network strong. should off of these nodes go offline, and all existing, up to date copies of the blockchain deleted from our hard drives (without any sort of backup), the bitcoin network would essentially disappear, and so would all the progress bitcoin has made in the past 8ish years.

Quote from: Gargo on December 12, 2017, 01:40:00 PM

Quote from: Jombrangs on December 12, 2017, 01:36:47 PM

No the company and management of bitcoin performs excellent in the public market.
Their dedication, hard work, passion and perseverance just to provide an excellent service give them more chance to survive in this industry.

In my opinion, the current fall of Bitcoin is impossible. It has developed very well and has come into effect in almost every human being in well-developed countries. He can not threaten anything.

read what i said above. it's an unlikely scenario, but it definitely is possible.

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