Will Bitcoin be too big to fail? - page 13.

GreenBits

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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!

yes and no. bitcoin can become so "capitalized" that the incentive to let it fail would be too remote of a possibility. if your fortune was in bitcoin, and enough people had this same profit motive, then they simply would not allow the price to reach a certain low level. there very livelihoods are at stake. with the bank situation, it was cheaper for those that messed up to dimply allow the government to correct the error. if anyone had any criminal liability , this would have been a completely different story.

bitcoin will never gain institutional (government) backing, essentially insurance. but it can become so widely adopted that risk of ruin is nil.

spinno

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Even great nations rise and fall. Bitcoin would not be too big to fall, we should prepare our minds and enjoy the earnings and profits while it still lasts

empoy

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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 so because everything is undergoing in a change process like bitcoin. Bitcoin is very unstable to say anything about that but i pretty sure that there is time and right time that bitcoin will become success and not fail.

Tamilson

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Quote from: baxxx on November 14, 2017, 06:28:38 PM

Maybe but i think bch is going to take the throne. Too much manipulation and fees on btc chain.

People behind bch will never succeed any way whatever their desires for bch as bitcoin is too big to defeat.
Bitcoin has proven itself in the market or in the whole world how strong it is and how it stabilize.
And we're very fortunate to know bitcoin at the early stage of its adoption as we're now holding at least some decent amount that we can use for the future and when bitcoin goes to the moon.

alexzorgo

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I think, the bitcoin is the intermediate stage in development of cryptocurrencies. In process of enhancement of the technology blockchain the bitcoin either will disappear or will change to unrecognizability. It is natural process of evolution of any product. If to compare to the Internet and computer technologies very few people remember that once there were diskettes 5,25'' or Internet connection by phone dial-up modem, fido-group, etc. All advanced technologies are constantly enhanced. Not to avoid it also to bitcoin as it is far from perfect

AVAMONEY

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Not. Bitcoins has grown to be more big community. Many people who hates, hoping bitcoin will fall, but the reality bitcoin still exist and become popular. We certainly have heard of many countries that have banned bitcoins to exist in its territory. Because they think it can threaten their economic stability. Bitcoins still at the top of cyrpto currency market. We are ready to accept this technology, so education about bitcoins could be good information so far.

ismart1

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Quote from: Nerman on October 24, 2017, 12:01:13 AM

As an investor on different type of instruments like bonds, mutual fund, stocks, cfd and cryptocurrency i always understand that there is always a risk no matter how safe it seems to be. (If something gives tou a guranteed return and not giving you a risk most likely it is a scam). I have seen stocks that were great five to ten years ago that are worthless right now. Examples are black berry and nokia well not totally worthless but compared to their price it is down by hundreds of percent. If you have this stocks years ago you probably have not think that it will sink like an anchor. Well i hope this would not happen to our bitcoin but just to answer the question nothing is guranteed.

Of course that the technology that bitcoin rely on it is something that is growing more and more but as always this a technology that is still experimental and may be replaced by a new technology 5, 10, 15 years from now and make bitcoin worthless or decrease its value. That´s not a doom scenario I am painting here, it´s just a possibility that most of whitepapers on ICOs recognize. In the present situation, bitcoin has a very strong structure that may hold a profitable position for quite some time, years to come.

hahay

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On the contrary, bitcoin is too big to succeed. In the future bitcoin becomes the most sought after and very popular cryptocurrency, I'm sure about that. Therefore I will remain enthusiastic on bitcoin.

baxxx

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Maybe but i think bch is going to take the throne. Too much manipulation and fees on btc chain.

CuriousGeorge

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Quote from: xuan87 on November 14, 2017, 06:15:50 PM

There is no such things as too big too fail, everything in this world is keep on rotating and evolving, for now Bitcoin is still big, when the price fall down there will be a lot of people buy it, but for the future nobody knows it, now there are so many alt coins and some of the coins is very potential and the government doesn't like Bitcoin

maybe not altcoins or else as competitors that could destroy bitcoin and make it to its downfall but a new advanced technology that's definitely better than blockchain and make bitcoin looks obsolete can make bitcoin becoming a failure, as you said, everything in this world is keep on rotating and evolving, it's exactly what happen to technology, new technology always taking over the older.

Kidmat

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Quote from: cryptokitty on November 14, 2017, 05:11:42 PM

We can't predict our future. We never know until when bitcoin will continue to prevail in the crypto currency world one thing is sure for me now that bitcoin gives me a great profit.

Yes you are right, we cannot predict whats the future ahead. In bitcoin its not big too fail because as we can observe the demand and adoptions is increasing. Its bitcoin community is becoming big because bitcoin feature and its advantages is somehow most likes by many. The opportunity to earn income online is really a chance.

coinycoiny

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I think it's more likely that bitcoin will get to a size where it will force governments to accept or reject it.

Think about it. Currently bitcoin is still less than 1/100th of 1 percent of worldwide gdp. i'e irrelevant.

However if it ever got bigger, say 1 to 5 % of a countries gdp then governments will want to control it. Or more likely ban it. Or tax it.

Whichever way you look at it, bitcoin getting bigger is making it more likely to fail.

10yearsolder

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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!

If Bitcoin fails, there would be no governments to bail it out. Primarily because it's entire existence is founded upon a revolutionary principle that is basically against the banks and the governments. And then, Wall Street will always be saved by the government because the government is highly influenced by Wall Street, and its political leaders are to a certain extent funded by Wall Street. On the other hand, the fate of Bitcoin lies in the hands of its supporters. The strong community is the one that will protect Bitcoin.

xuan87

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There is no such things as too big too fail, everything in this world is keep on rotating and evolving, for now Bitcoin is still big, when the price fall down there will be a lot of people buy it, but for the future nobody knows it, now there are so many alt coins and some of the coins is very potential and the government doesn't like Bitcoin

chichigirl

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HELENA

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!

Bitcoin is now on it's peak, the higher demand and popularity in the digital currency. I think bitcoin now is not that big but it can never be fall that easy.

But my speculation is focusing with this present time but we can never tell the future of bitcoin.

cryptokitty

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We can't predict our future. We never know until when bitcoin will continue to prevail in the crypto currency world one thing is sure for me now that bitcoin gives me a great profit.

Raegorl

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Bitcoin still has a lot of room to grow before being considered "big". Not saying it's small, but we have already seen much bigger assets fail throughout history. We can't just sit and enjoy our profits forever, we need to help Bitcoin scale and get adopted by more people.

zarintasnim

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Bitcoin is a really tasted and well known. Every product have positive and negative side. Bitcoin is big fail dose not look 100 year. After that what happen who knows. We don't know what happen in future.

Dart18

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I could just say it became really valuable that it can stand a storm.
Aint this happening with bitcoin cash already like a storm.
They tried to take down bitcoin by means of making people doubt it and going to them.
It is like stealing actually but sadly many knew what they are doing and it proves now that bitcoin cannot fall just like that.

osasshem

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Nothing in this world that is too big to fail, and when you say fail, do you mean go out of existence or in use. The only way I see that can make bitcoin fail is the internet shutdown, apart from that, I don't see anything that will make bitcoin fail for now.

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