Will Bitcoin be too big to fail? - page 3.

KingScorpio

sr. member

Activity: 1470

Merit: 325

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 better if bitcoin fails, its not a good solution for the worlds problems in the first place, it gives however access and development for an industry that could improve vastly the worlds social factory

regards

Jaytech4soft

newbie

Activity: 33

Merit: 0

NO!.. No currency is too big to fall no matter what or backup put in place

kucritt

full member

Activity: 616

Merit: 100

maybe yes maybe no, bitcoin will have the big fail if there are any policy about restict bitcoin around the world, i think the price of bitocin will going down and very down, but it will success if the popularity rising up and everybody using bitocin as their payment system

bitcoinbot

full member

Activity: 357

Merit: 130

Certainly sooner or later bitcoin will reach its maximum, but it will not happen soon and will happen gradually! Moreover, if anyone can beat a lot, they will be big players. Believe me, if a large player decides to sell most of his bitcoins, this will greatly ruin the price rate!

youngsoft

newbie

Activity: 266

Merit: 0

Yes nothing is too big to fail with the passage of time, Bitcoin has gained popularity and success beyond what was imagined. It has grown to a whole new technology, and a powerful investment medium.

agatha90

full member

Activity: 616

Merit: 100

I also hope that bitcoin will continue to grow, as more and more bitcoin enthusiasts, hopefully year-to-year bitcoin prices will continue to increase.

pekcoin01

newbie

Activity: 224

Merit: 0

Nothing will happen to Bitcoin. Bitcoin is the most valuable coin in the crypto money world. The price may be very low, but still nothing happens.
Thousands of coins are being produced each day. So many projects are being created.
Keep trusting the crypto paralysis.

dubinsky

newbie

Activity: 224

Merit: 0

I think bitcoin has failed to become a currency because of its fluctuating character and does not qualify as a currency. As assets and commodities bitcon will continue to grow and market capitalization is higher. I think if bitcoin gets bubble and its value drops so drastically it will improve again as it has been through bitcoin late 2017 until now.

Periodik

sr. member

Activity: 1022

Merit: 256

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, do not expect the governments to offer a bail out to Bitcoin if in case it will go down crashing. There is no single government that might extend even a little help to Bitcoin if that tragedy is going to happen. Bitcoin is independent from the governments. While there are governments that are supporting the use of Bitcoin, it is for their own sake and not for Bitcoin's. They are just allowing themselves to follow the current fintech trend.

aiviaa485

newbie

Activity: 183

Merit: 0

other than in the world of Crypto and in any case when it wants to have success should feel the failure.

like his Bictoin, when there is a failure there must be success.

keep thinking positive for Bitcoin's future.

bitbunnny

legendary

Activity: 2912

Merit: 1068

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To my believe Bitcoin is fuly dependant on the users that support it. Without them Bitcoin can't survive and can't grow further. They are also only ones who can destroy it if from some reason they decide to give up the support and stop using it.
Nothing can't grow that big that it can't fall, we mustn't forget that but also the value can't just vanish over night and every process could be controled and there is always a room to react if necessary.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Well, it is true that Bitcoin has gained the benefit due to the first mover advantage and it has grown so big over the years that at this stage, Bitcoin is the only thing that could destroy itself. In other words, external factors won't affect it in the way that internal factors are affecting it. That doesn't mean that Bitcoin will surely succeed down the road but it has surely passed the survival phase and the challenges are there in a different form.

HiBCDirect

newbie

Activity: 98

Merit: 0

There is some sense in this statement. Number of users/holders really supports the bitcoin. If very many people will be interested in using/keeping it without panic sale, then BTC is almost impossible to sink. Though rate can be anywhere between 0-100.000$

TrufieldICO

newbie

Activity: 112

Merit: 0

Bitcoin is digital currency gold. It will always be valuable

bentong talong

full member

Activity: 383

Merit: 100

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I don't think Bitcoin will fail in the future. Bitcoin is a great cryptocurrency and as of now, no one can beat it; it is gaining more investors and it tends to make it stronger. Sooner or later, it will be more profitable.

TheKeyLongThumbI

full member

Activity: 448

Merit: 100

Anything can fall no matter how huge the company that they have like what happened to Nokia and Blackberry. But bitcoin is very different even it goes bigger every year, it won't go crashing because it's going to be the new world for our financial system.

threegods

newbie

Activity: 113

Merit: 0

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

michle79

newbie

Activity: 1

Merit: 0

Interesting question. Maybe in a few years, There could be rich people with influence, trying to protect their investments by saying that Bitcoin is too big to fail.

princeyeboah

member

Activity: 714

Merit: 14

Bitcoin can fall in price and value within some times when the crypto market get hit by the crypto bear weather, but for Bitcoin to fail, it is not possible. Over the years, Bitcoin has gained much trust in payment systems and investment and has a good historical record for that - the major reason for the increase in its market cap each time. Also, with new developments that are set to enter the Bitcoin Blockchain, it's value and position in the marketplace is strengthened.

nicko122

jr. member

Activity: 462

Merit: 1

Perhaps bitcoin is already at such a stage of development that it simply can not fail for no reason. He has huge support all over the world, every day the number of interested people only increases. Some large firms are also interested in cryptocurrencies. I think this is a good indicator of development.

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