Will Bitcoin be too big to fail? - page 22.

Darker45

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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!

It is going be much much bigger in the years to come and it will not easily fail. It is getting stronger by the minute. But I assure you it is not going to become like the status of Wall Street because it is is against it. Bitcoin is a revolution against Wall Street! It is against the banks playing a very major role not just in the business of people but in their daily lives as well. Bitcoin is a revolution against centralized financial authorities.

jekjekman

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Quote from: HabBear on October 23, 2017, 11:26:23 PM

Nah man, "too big to fail" means a central agency is willing to bail out a failing entity. No such central agency exists for Bitcoin. It's the free market at its finest!

We should all be prepared for failure. But realistically the only thing that keeps bitcoin going is the fact that a community of people believe it has value. This same theory, reality applies to all currencies and things of value. As soon as people agree that it doesn't have value it will fail and that will be it!

I agree with you bitcoin has nothing to offer people who owns a piece of it, unlike those companies in
wall street they offer business' performance to be good for their stock prices to increase. Bitcoin's prices
is merely from the interest of people and belief that it is the currency of the future which develops it's demand.

Still no matter how big a thing is, if no one supports it it will eventually fail.

GreenBits

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Quote from: SupportBitcoin on October 25, 2017, 09:47:56 PM

After reading some of the responses, do you think government trying to regulate or ban Bitcoin will have an adverse effect on its growth or just add more fuel to the fire? As companies start accepting Bitcoin as a form of payment it will bring more awareness to crypto as a legit currency. Thus, triggering the government to step in. Could Bitcoin survive in these scenarios?

A government banning a thing usually is a "final statement", so to speak. Bitcoin is rather resistant to programmatic attacks due to its decentralized nature, but the easiest way to hobble bitcoin is to simply outlaw it. Since you cant really use bitcoin without using a fiat gateway (either an exchange or a payment portal), you will have to interact with someone to convert the value. Anytime you do that, you are risking whatever penalty would be applicable in this hypothetical situation Wink

Ad the government is doing just this, right now, because of the price.

SupportBitcoin

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After reading some of the responses, do you think government trying to regulate or ban Bitcoin will have an adverse effect on its growth or just add more fuel to the fire? As companies start accepting Bitcoin as a form of payment it will bring more awareness to crypto as a legit currency. Thus, triggering the government to step in. Could Bitcoin survive in these scenarios?

mayadin

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Is being big equivament to failure. Then Facebook, Google, Apple are first one to have this verdict.

Bitcon is an econmic mean, it cannot be destroyed, it can be ceased by govs.

White Christmas

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Quote from: mostkey on October 23, 2017, 11:33:04 PM

Quote from: HabBear on October 23, 2017, 11:26:23 PM

Nah man, "too big to fail" means a central agency is willing to bail out a failing entity. No such central agency exists for Bitcoin. It's the free market at its finest!

We should all be prepared for failure. But realistically the only thing that keeps bitcoin going is the fact that a community of people believe it has value. This same theory, reality applies to all currencies and things of value. As soon as people agree that it doesn't have value it will fail and that will be it!

and it is true that failure must be faced with high self-esteem, who dares to take risks with a failure is probably a good way to start success as many others claim that bitcoin trading is never too late. everything is the way to how we achieve success by defeating fear

Yes because everyday was always good thing to happen in your life, time will come that you may face failure sonyou need to be ready for it. Bitcoin was risky but if you know how to play it then you dont Need to worry anything. Tjose failure was be your stepping stones for your success. It is scary when the government start to do some action to ban it all over the world but I think right now that was very impossible to happen because bitcoin was slowly growing.

onrise

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Quote from: beatleap on October 25, 2017, 11:18:43 AM

No single entity can destroy Bitcoin but together governments could completely ban it and try and take it out that way.

Only this could be the danger for the bitcoin in coming time. If many developing govt stands on banning this cypto currency the demand will fall badly as currently many developing countries people are using btc and with this ban they will go away and price will drop drastically and so will be demand.

xCryptoManiaX

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In its current situation where it falls down just after a banker says a few words about it I don't see it happening to be too big to fail.

Catmony

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Quote from: valentin68 on October 25, 2017, 10:48:48 AM

Bitcoin is not going to be too big to fail, never or at least in the next 10 years, this isn't going to happen. Somewhere in the next 20 years, if nothing is done, the bitcoin price can depreciate. This can be stopped if somewhere in the next 10 years some governamental regulations could be done. It is possible that these gov regulations could prevent the bitcoin price to fall.
What we know is that at least in the next 3 years the bitcoin price has the potential to become at least 100 000.

Don't know on what basis you are speculating this but I don't think regulation from government will kill bitcoin. Bitcoin is already illegal in many countries and china have even banned bitcoin trading but price of bitcoin is still pumping hard.

No any government or regulation can shut down the bitcoin network or growing demand for bitcoin among common people.

beatleap

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No single entity can destroy Bitcoin but together governments could completely ban it and try and take it out that way.

Faruque312

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Yes its possible cz I know in reality nothing is too big to fail,
but I thought bitcoin cant fail,, cause its not hide in the world, everyone know about bitcoin, and many people use it still that's why its too much popular and the biggest online currency in the world. But Nothing is impossible, No one knows when it happen.

Prodigan786

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Nobody can control bitcoin because no authority or government owns this even decentralised nature makes more transparency . Recently countries like China started to make regulation on bitcoin exchanges nothing is happened with bitcoin . So think how strong is bitcoin even countries like China couldn’t able to do anything with bitcoin nobody can make to fail bitcoin.

valentin68

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Bitcoin is not going to be too big to fail, never or at least in the next 10 years, this isn't going to happen. Somewhere in the next 20 years, if nothing is done, the bitcoin price can depreciate. This can be stopped if somewhere in the next 10 years some governamental regulations could be done. It is possible that these gov regulations could prevent the bitcoin price to fall.
What we know is that at least in the next 3 years the bitcoin price has the potential to become at least 100 000.

mobnepal

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Bitcoin or whole crypto market is already too big to fail or to get banned by governments, however many of the countries are trying to break bitcoin security which they might never can. When bitcoin network will be alive, demands for it will keep growing and government can't stop their every citizen from buying/selling bitcoin with cash on hand deals. Sooner or later bitcoin will be legalized in most part of the world either as commodity or as currency.

Lumada

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Quote from: Wingo on October 25, 2017, 10:03:00 AM

Everything will come to an end it is just that Bitcoin's time of greatness is today and we should all be happy that we are living in this point in time. I know that bitcoin's life will last long, as long as there are people who supports bitcoin.

If ever that time happens then there might something new that happens to be better than bitcoin or it just fully developed and we don't find any thrill at all having it,or someone finally finds a way to control it like government does,which surely will not happen anytime soon.

Wingo

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Everything will come to an end it is just that Bitcoin's time of greatness is today and we should all be happy that we are living in this point in time. I know that bitcoin's life will last long, as long as there are people who supports bitcoin.

carlisle1

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Quote from: MotulDiesel on October 25, 2017, 09:22:50 AM

I think nothing too big to fail; it is depend on how that thing runs and many factors around. The coolest thing about bitcoin and crypto currency is freedom. It is a free market so all most nothing can directly attack as the banning from government. Price of bitcoin not stable for now not mean that it is risky or easy to fail. Bitcoin, from nothing to big thing, from little amount of money to most valuable "money". The failure of bitcoin depend on all you guy !

well you some good points mate, its freely been traded and I guess that's why more people are seeing big potential using this as an investment
it wont fail us as long as we know what would be the grounds, nothing is sure but if we do trust this system then it wont collapse.

Hanebel

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Quote from: HabBear on October 23, 2017, 11:26:23 PM

Nah man, "too big to fail" means a central agency is willing to bail out a failing entity. No such central agency exists for Bitcoin. It's the free market at its finest!

We should all be prepared for failure. But realistically the only thing that keeps bitcoin going is the fact that a community of people believe it has value. This same theory, reality applies to all currencies and things of value. As soon as people agree that it doesn't have value it will fail and that will be it!

Indeed! I agree on this!Because people believe that it has value,it keeps on going.As long as people believes in bitcoin it will never fail.And I think people still keep on believing the value of bitcoin.

MotulDiesel

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I think nothing too big to fail; it is depend on how that thing runs and many factors around. The coolest thing about bitcoin and crypto currency is freedom. It is a free market so all most nothing can directly attack as the banning from government. Price of bitcoin not stable for now not mean that it is risky or easy to fail. Bitcoin, from nothing to big thing, from little amount of money to most valuable "money". The failure of bitcoin depend on all you guy !

moataz_ansary

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I see that we may test 4900$
Then will take a long trip to the moon
I see 10000$ in Q10 of 2018
Good luck
Regards

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