and never I have tought to just dump it, coz it ll not hurt to have a hope that the price will go up again
Topic: Will you burn your bitcoins IF something goes wrong? (Read 3813 times)
I have lots of alt coin in market trader that goes wrong on it price
and never I have tought to just dump it, coz it ll not hurt to have a hope that the price will go up again
and never I have tought to just dump it, coz it ll not hurt to have a hope that the price will go up again
You aware that provably burning coin is a technical feat for most people ?
WTF people responding to this ?
WTF people responding to this ?
It's very easy to send all your bitcoins to 1bitcoineaterdonotsend or whatever the address is. How exactly is that a technical feat? It's a simple transaction.
This thing is not impossible to happen given that Bitcoin is a currency. I that happens I would exchange my bitcoin to a Dollar before its value worthless. I would not mind my loses as long as I get something out of it.
Absolutely NO WAY I would ever burn my bitcoins. No no no.
No matter the value, even if it reaches Zero, I'm not gonna do that. Keeping it in my wallets isn't gonna hurt.
Besides, keeping/holding something that could potentially have some value/recover in future is better than burning your bridges.
Zero vs. __?? No contest.
No matter the value, even if it reaches Zero, I'm not gonna do that. Keeping it in my wallets isn't gonna hurt.
Besides, keeping/holding something that could potentially have some value/recover in future is better than burning your bridges.
Zero vs. __?? No contest.
I will not burn my bitcoins although something goes wrong or bitcoin's price becomes zero
because on the early there's not value in bitcoin if it backs again, it is our resposibility for fixing bitcoins
the problem bitcoin must be fixed and we can not blam the bitcoins then burn it and i am comunity of bitcoins.
because on the early there's not value in bitcoin if it backs again, it is our resposibility for fixing bitcoins
the problem bitcoin must be fixed and we can not blam the bitcoins then burn it and i am comunity of bitcoins.
certainly not there is no way I'm gonna burn my bitcoin even if the price goes to zero , Bitcoin has been proclaimed dead several times but still manage to become number one cryptocurrency, I will still hold my bitcoins and wait for bitcoin to gain its value again
I personally would be very, very wary when it comes to whether or not I would burn anything even if the value of Bitcoin became worth next to nothing. There would be no point to burn it and, if anything, it would be a better idea to just forget about it and see if it ever became relevant again.
Even if an alphabet soup agency opted to come out with proof they control the whole thing.
Even if an alphabet soup agency opted to come out with proof they control the whole thing.
As I read all your posts I have noticed that everyone doesnt want to give up their coins. It shows the strength of the currency and how it has perceived first as a fad to a ticket out of poverty by the people from third world countries.
absolutely, we must take responsibilities and take care of this digital currency. we all know that bitcoin helps a lot of people in the third world countries. we must help each other to maintain this digital currency as it helps others. showing strenght or loyalty to this crypto coin will influence others to be like having our strenght, influencing others will make them also strong and it can help a lot to this currency.
No, I would not burn them just because they go to zero. If this case happens, Bitcoin must be hacked or have a huge security hole or something else. So it would not make sense to use them anyhow at all. If it is secure, applicable and useable then it will never have zero value.
i think this sentence do not keep any sense, how can a person burn his bitcoin, to me i think if you keep your bitcoin in a wallet consider these bitcoin as stolen by someone or just lost the key then you can really gold result from investing bitcoin.
Depends how much I will have when something like that happen. If I burn them will save the world, or something like that then yes I would do it. It might be difficult but whatever will be, will be.
Why would you? There's no benefit to burning your coins. Store them somewhere just in case there's a fork or revival. You'd look awfully stupid if that happened.
No, I would not burn them just because they go to zero. If this case happens, Bitcoin must be hacked or have a huge security hole or something else. So it would not make sense to use them anyhow at all. If it is secure, applicable and useable then it will never have zero value.
For me burning Bitcoin coins does not make any sense , even if the price of Bitcoin goes to Zero, if that happen it would be better to hold and be hopeful to back it at the price. If the bitcoin will dump at that price I will get many Bitcoin so that if the price will back, I have earned too much bitcoin.
yes that is right to say that it carry no sense to burn your bitcoin, because a time will come when you will be laming on your decision, therefore i can suggest your hold your bitcoin for next 10 years and after 10 years you will certainly get a good profit from bitcoin. 
Better to just hold it instead of burning the coins even if the value goes to zero. We might come up with something better to do with those coins, who knows. By the way how do we burn our coins? 
Yeah I would hold them too, in case something else happens, or just as a memory if nothing does. You can burn your coins by sending them to burner addresses.
Better to just hold it instead of burning the coins even if the value goes to zero. We might come up with something better to do with those coins, who knows. By the way how do we burn our coins?
Why would I burn my bitcoin if something like that happens? It costs nothing to hope that the price will rise again in the scenario of bitcoin hitting the floor price. Also keeping your bitcoins in a wallet does not cost you anything,so why to burn them? Only to express your regret of not selling when it was higher? lol
How to burn the coins? I don't understand how we can burn our bitcoins. And i don't really feel i would do that even if that is possible nor will anyone else. Maybe if someone gets really angry because of his loss then a person might do something like that in that situation but a person should always be hopeful.
Don't take the term burned too serious. It's just a term people refer to when looking to take coins out of circulation by getting rid of your private keys so that no one can access your coins ever again. Another option is to send your coins to certain addresses (burn addresses) that no one has access to since there are no existing private keys belonging to that address (yet). People quite often do that with dust in their wallets that they want to get rid of.
I will never burnt my BTC, never, there are reasons to hold, just like old currency notes that are not acceptable again, people still hold them for posterity and record purpose. SHow you children, even grand son and explain what BTC is, tell them Satoshi story and so on
I think you thought bitcoin is like every other shitcoins out there, there will always be the possibility of forking and since this is open source we're talking about then the most honest and transparent block chain will gain the most trust and miners use that version, now you see those scenarios already happening alts going down but the best block chain(/bitcoin) stays up.
For me burning Bitcoin coins does not make any sense , even if the price of Bitcoin goes to Zero, if that happen it would be better to hold and be hopeful to back it at the price. If the bitcoin will dump at that price I will get many Bitcoin so that if the price will back, I have earned too much bitcoin.
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