Will Bitcoin be too big to fail? - page 8.

tee-rex

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Quote from: timerland on January 06, 2018, 09:13:55 AM

Quote from: cutebat on January 06, 2018, 09:01:20 AM

Bitcoin can change and is volatile, its price can drop anytime, however there is no central organization that holds it which is why it would not possibly fall altogether.

Good start but wrong ending. It is exactly because of its decentralization that bitcoin can fail so quickly and drastically. There is no-one to hold it back unlike with the stock market.

But it works both ways around. If Bitcoin is centralized it can be brought down by those controlling it as fast, if not faster, should they choose so. To me, the risk of this predicament or development is a lot higher in case of heavy centralization. In essence, Bitcoin would be at the mercy of someone or someones, and this is definitely not what we all want, right?

morsuperuser

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Due to the million users of Bitcoin, it is hard to take it down, even if they say bad things about it, the actual transaction makes it more believable.

prieaji

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bitcoin will be the best and will not be long in the future of us all, bitcoin will not fail too big for it. bitcoin will be even greater than it is now the possibility of failure will be smaller. bitcoin keeps increasing its price but now still not as stable as there is wiling to buy in bulk when price goes down, it just down a bit and only opinion only.

PatronRH

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I am not a fan of the expression too be big too fail. For the moment bitcoin is a very volatile currency so I dont think that the government will care that much to lose money in order to sustain bitcoin. Yet frankly speaking I don't know what the future holds because the situation seems very unpredictable.

timerland

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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!

Nope, anything big can also fail. For example have a look at the world economy in 2018. Anything and everything can happen at any time. While bitcoin is looking fairly strong for now, anything can change for tomorrow.

However for sure it is a good investment now, but we know things can change. If the lightning network is not implemented at all, I'd say Bitcoin has a rather grim future ahead of itself.

Quote from: cutebat on January 06, 2018, 09:01:20 AM

Bitcoin can change and is volatile, its price can drop anytime, however there is no central organization that holds it which is why it would not possibly fall altogether.

Good start but wrong ending. It is exactly because of its decentralization that bitcoin can fail so quickly and drastically. There is no-one to hold it back unlike with the stock market.

Coins and Hardwork

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Bitcoin is expensive and I think it is not that great or big to not have a possibility of failing but the question is what kind of failure? Failure in transacting? Failure on the improvement? Bitcoin has a possibility to be taken down but still, bitcoin with a lot of supporters or users, it will be really hard and that possibility is close to zero.

cutebat

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Bitcoin can change and is volatile, its price can drop anytime, however there is no central organization that holds it which is why it would not possibly fall altogether.

Invester

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PNNV.COM Live bitcoin price monitor

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!

Do not expect that the government will do the same thing that it does to Wall Street. The Wall Street is a very powerful and influential body that it even controls the government in some ways. It does not allow itself to fail and collapse just like that. In the same manner that the government is also saving Wall Street because it also benefited from it. Both are helping each other because both have the responsibility and large stakes whatever happens to their own status. In Bitcoin and crypto, there is a different situation because generally, Bitcoin and crypto is the antagonist.

cloudbleron18

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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 its a big not because bitcoin never to give up and also bitcoin is not in fail but cause it is it the powerful crypto currency ant i thought it is running to become a world one currency so bitcoin no to that big fail.

BingoDog

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Never say never and nothing in this world is too big to fail or to fall.
Hope this wil not be the bitcoin destiny and so far it has come already, so bad things if they do will not happen over night. I still believe we will experinece only corrections not the crashes. Time is on the bitcoin side.

Donawoite

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No, bitcoin is not too big to fail, Nothing is too big to fail in this world.

Teagannr

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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!

If it failed, then forks will live, like Segwit2X now

mabell943

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When the company builds a strong foundation and known in the whole world it is difficult to destroy because there are invulnerable and indestructible which is the company of bitcoin is.
It is impossible to happen that they fail because there are lots of people supports them.

stayeduptolate

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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!

no there are very less chance to price of bitcoin will not big to fall but there are chance to price of bitcoin to fall very less amount because there are countinously increasing in the price of bitcoin will reach the price of bitcoin will Maximum so there are chance to decrease in the price of bitcoin in the future . No one currency will always stable the fluctuation in the price will take place in the market.

lelylely

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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!

nothing lasts forever. it could be that bitcoin fails or is replaced by another coin. in the free market, everything can happen. it is already a risk for those who play bitcoin.

resty

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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 that there is no possibility for Bitcoin to fail even if it is too big. Bitcoin users plays a big role on Bitcoin's success today. If users will not patronize Bitcoin, it will probably fail. Bitcoin users makes Bitcoin on the line, we are all contributing to it's success and we can also make it fail; but then we are not about to do that right?

Alaminshaikh

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Bitcoin will not fail.bitcoin is a legal crypto currency. Bitcoin price increased day by day.I thinks now price some down,but I hope will be get good UP.bitcoin price will go to 20K in the next year.will see bitcoin huge price,as soon as possible.

Dread Pirate Roberts

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when btc $300 people said btc fail and then regret coming .

steven.spearman

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Bitcoin will not fail, despite the extreme price decline, I'm sure it will go back up. The government can not beat bitcoin either.

harbin55

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In terms of failure there is no big or small company that they consider. In order to survive the company must learn from itself on how to cope and adjust from the demand of the consumers.
As long as the company of bitcoin maintain their operations and management all things will become stable.

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