Will Bitcoin be too big to fail? - page 25.

FoxTheHuman

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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!

Its present value is really too big but for investors they feel its value is still low. And it will not end until the investors are still hoping for it.

Emeleum

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Bitcoin is clearly the reference for the whole Blockchain. If the Blockchain market goes well so Bitcoin does ! Then we know a huge crisis (because of the speculation) is to arrive, we'll see how it recovers from.

NeoTech42

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Bitcoin has been fully legalized in some developed countries like Japan.

It means Bitcoin has a true potential and can't fail in the future.

salihno71

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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!

No. "too big to fail" term was invented by the government officials who were "persuaded" by owners of the bank that it's better for the government to give the taxpayer's money and bail out the bank from the coming consequences of the irresponsible behavior than to let it go bankrupt (Iceland showed that it can be done differently). In the case of bitcoin you have no one behind and this is by design.

GreenStox

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Undeads.com - P2E Runner Game

We can't predict it, but that might just be happening when many attacks or banning on bitcoin in each country. but so far many countries supporting even large countries already regulation bitcoin. so the chances for it are very small for the current and the next few years.

Enzo05

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Any amount is possible to hit by bitcoin cause we dont know how far btc goes up same as going down . Roll Eyes

Kid zeus

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Speaking considering the future, i totally agree with the topic above. According to the statistics on the world wide web b it coin has a value of $5770 and according to the news it might even go to $10000. It is one hell of a crypto currency to go down and in the advancing era of technology digital money is the first thing that the world needs and currencies such as bitcoin and ethereum are going to thrive in the near future.

jerowacik

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Quote from: Bakemat on October 24, 2017, 02:44:55 AM

Bitcoin to fail now that its starting to become in demand and famous i dont think so maybe on the upcoming years it is possible but for now i can not think of any reason to make it fail now. Also cryptocurrency or digital currency is starting to have a good reputation in investment. I wish that Bitcoin will become more and more bigger and become legal to other country also who does not acknowledge it until now. So dont think that Bitcoin will fall or fail now a days.

Yes assuming the fall of Bitcoin can make a bad stigma. but when we do a good statement then bitcoin can be helped to continue to grow. I as a bitcoin user would want to increase the price of bitcoin continuously. therefore I will try to continue to give positive stigma to bitcoin and one of them is by giving information about bitcoin to other people who do not know bitcoin.

Pursuer

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Where is my ring of blades...

being big or small has nothing to do with whether or not something will fail. bitcoin is not failing and probably won't because it is a strong project, with a strong code and with good coders working on it to keep it that way. of course it has not changed where it matters (the basics) from day one and that is what makes it strong and makes "failing" meaningless.

and remember that you can not really compare bitcoin with things like "Wall street" in other words your question asking "Can Bitcoin gain the same status as Wall Street" is meaningless in my opinion.

A1exander

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Bitcoin is definitely nowhere near the size and importance of Wall Street, and not going to be in foreseeable future. And nothing is too big to fail. However, I think that the larger it gets the smaller is a chance of a big failure. When it was just a toy of a few tech-savvy enthusiasts, it could disappear without a trace. Now it is becoming an instrument of larger entities. It is becoming less volatile because now there are "big whales" wiling to buy huge amounts when the price drops, so it drops less. But it is just an opinion...

ishinn99

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BitHostCoin.io

Quote from: Kotone on October 24, 2017, 02:31:14 AM

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 somEthing that cannot be quite be predicted due to its volatility and very unstable dups and troughs. HOWever bitcoin has still been going and continuing despite the fall of other cryptocurrencies and it has been going up and has been to a point that it continued growing.

I agree, and bitcoin has the high value in all crypto/altcoins now. Nothing can beat bitcoin now. Though the price is unstable in continues to achieve its high amount.

Ronaldcoin2017

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Quote from: Aryancesarr on October 24, 2017, 02:41:47 AM

It will fail, but not in this sense. I think here the main reasons are different. For example, too many transactions and big fee, strong dependence on news, unstable growth and falling ...

i think it depends on how you value and how you do bitcoin.if you believe in bitcoin and it is really helpful in your life and its become a part of your life and you will fepend and lean on it maybe if it will go down and all you have will loose maybe that was a huge fail on your part .i suggest that dont make an investment in one coin maybe gou can find another coin to prevent some looses.in the near future because bitcoin really is unpredictable it can go down anytime anywhere because it is not money .and nothing will have the controll and maybe own this.

Bakemat

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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!

Bitcoin to fail now that its starting to become in demand and famous i dont think so maybe on the upcoming years it is possible but for now i can not think of any reason to make it fail now. Also cryptocurrency or digital currency is starting to have a good reputation in investment. I wish that Bitcoin will become more and more bigger and become legal to other country also who does not acknowledge it until now. So dont think that Bitcoin will fall or fail now a days.

Aryancesarr

newbie

Activity: 86

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It will fail, but not in this sense. I think here the main reasons are different. For example, too many transactions and big fee, strong dependence on news, unstable growth and falling ...

paolo099

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the statement "too big to fail" it's a funny one because we all saw what happened to centralized company which were too big to fail, for BTC it's a different story, there is no Headquarter, now offices all around the globe, everything is in the network owned by anybody.
Can BTC fail? yes of course, it always depends on the community behind, if everyone would stop caring/trading/buying BTC everything will fall apart but the idea behind started a new era, there will always be somebody who will invent a new way to use the blockchain for different purposes.. and like the history teaches us, you cannot kill an idea.

Kotone

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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!

bitcoin is somEthing that cannot be quite be predicted due to its volatility and very unstable dups and troughs. HOWever bitcoin has still been going and continuing despite the fall of other cryptocurrencies and it has been going up and has been to a point that it continued growing.

raiblock

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Bitcoin is very sensitive and volatile to news and the prices can go down rapidly when China (or Japan or whomever) makes a big announcement. But apart from FUD, bitcoin also needs to have a real usage, to be fast, secure and a better alternative to other monetary assets.

It can fail but I think the odds are higher that it can not fail, with each day that goes by and each new merchant that accepts it.

Nerman

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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.

EddieNigma

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If it was possible for a gov to bail out Bitcoin, Bitcoin would never have been great in the first place. It's Bitcoin's inability to be affected by a centralized outside group that makes it great.

As far as I can see, the only thing that could make Bitcoin totally fail and be destroyed is some sort of insane technical event (Say for example in the future quantum comps allow people to brute force private keys etc) or the whole internet itself shutting down.

Even if Bitcoin simply because unpopular and the price tanked to $10, it would still serve it's purpose as a useful person to person currency/trade of value that cannot be affected by outside groups and needs approval from no outside group.

mostkey

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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!

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

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