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Author Topic: In what situation would Bitcoin die?  (Read 3221 times)

Offline cryptorakibul

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In what situation would Bitcoin die?
« on: January 17, 2018, 05:24:46 PM »
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

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In what situation would Bitcoin die?
« on: January 17, 2018, 05:24:46 PM »

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aiviaa485

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Re: In what situation would Bitcoin die?
« Reply #1 on: August 17, 2018, 05:55:23 AM »
will not die because Bitcoin is created very naturally.
like the water created by God.

Bitcoin can be turned off when the whole world closes all internet, computer and electricity networks.

Offline sugarchrisp

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Re: In what situation would Bitcoin die?
« Reply #2 on: August 17, 2018, 08:13:32 AM »
Nothing that I can really see happening.  Electricity being unusable globe wide maybe, same with internet.  I don't understand the technology well enough to comment on whether or not there can be a fundamental flaw that hasn't been discovered yet.
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Re: In what situation would Bitcoin die?
« Reply #3 on: August 21, 2018, 09:48:02 AM »
Legality may be one reason bitcoin can die. So far the use of bitcoin has been banned by several countries, including in my country of residence. I'm just worried if the government blocks access to bitcoin because there are still many people who use it even though bitcoin has been banned.
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Re: In what situation would Bitcoin die?
« Reply #4 on: August 21, 2018, 11:27:00 AM »
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

Bitcoin end when internet end. Its my assumption. We dont know about the future. Just make it and try it.
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Re: In what situation would Bitcoin die?
« Reply #5 on: August 21, 2018, 03:49:48 PM »
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?

I think If the demand of bitcoin will be zero, The situation would be affected bitcoin will die.

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Offline Alcor

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Re: In what situation would Bitcoin die?
« Reply #6 on: August 23, 2018, 07:33:56 PM »
How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin can kill his significant increase in cost. Yes, the higher bitcoin costs, the closer it will come to its end. However, if not to the end, then to the loss of leadership and the minimum cost unambiguously. The higher is its price, the more likely will be the emergence of panic with the appearance of negative information and simultaneous display of high volatility by bitcoin, as a result of which it will drop in price. At this time part. psychologically unsustainable investors can provoke panic by starting to sell their bitcoins. Within a few days, bitcoin may drop to near zero. This can happen again. if bitcoin again starts to grow decently in the price, and such a probability will be more likely. There will come a time when bitcoin simply will not be investing much. It can remain the first coin, however, one of the few in its value. According to the theory of probability, this will happen almost one hundred percent. Therefore, it is always wise to invest in the crypto currency.
« Last Edit: August 23, 2018, 07:38:58 PM by Alcor »

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Re: In what situation would Bitcoin die?
« Reply #6 on: August 23, 2018, 07:33:56 PM »


Offline Altcoinstalks User

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Re: In what situation would Bitcoin die?
« Reply #7 on: August 23, 2018, 07:48:08 PM »
Most close analogy is fiat currency. It can only shut down during wars. At those time internet also would be affected. That where Bitcoin can shutdown as well.

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Re: In what situation would Bitcoin die?
« Reply #8 on: August 23, 2018, 10:09:46 PM »
Some will say this can not happen but to me, it can shut down but not die rather. What we all have forgotten about is the fact that the internet actually is the source of life for bitcoin, without it, I don't see it working. which I know some is the weakness of bitcoin.

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Re: In what situation would Bitcoin die?
« Reply #9 on: August 24, 2018, 04:40:43 PM »
I can't imagine that bitcoin will end. The current situation is not the only thing that can kill bitcoin. It doesn't matter in terms of bitcoin death. Price can increase and decrease as the market movement goes like that.

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Re: In what situation would Bitcoin die?
« Reply #10 on: August 24, 2018, 04:43:47 PM »
Don't think there is scenario when Bitcoin may come to an end. There are too many people having it and using it and more and more companies start to take Bitcoin as a payment. Even if most of the countries will ban it - it will continue to live.

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Re: In what situation would Bitcoin die?
« Reply #11 on: August 25, 2018, 07:20:43 PM »
As long as there is internet, I strongly believe bitcoin will not die. Most of the times, bitcoin had surpassed challenges that make bitcoin value sometimes go down but still had manage to recover through the help of its supporters and investors. Currently, bitcoin had suffered a prolonged bear market situation this year and again I didn't see it dying. Due to its popularity and usefulness, I think bitcoin can last for more  than 10 years.

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Re: In what situation would Bitcoin die?
« Reply #12 on: August 25, 2018, 08:50:54 PM »
I think bitcoin will not die, even though the market falls but in the future it will be able to rise, even though it doesn't get the legality from the government but bitcoin will survive as the community's currency.

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Re: In what situation would Bitcoin die?
« Reply #13 on: August 25, 2018, 10:48:20 PM »
Bitcoin will.not die. If such reason will make bitcoin weaken or has the power to stop bitcoin we can already witness it before and no bitcoin will now existing everywhere.

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Re: In what situation would Bitcoin die?
« Reply #14 on: August 29, 2018, 09:29:01 AM »
Bitcoin will die if all investors leave crypto currency. In addition, bitcoin will also die if there is no internet access that can connect investors and sites related to bitcoin. And finally, bitcoin will die if blocked by the government.
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