Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on July 14, 2018, 02:28:29 AM

Title: What can destroy Bitcoin?
Post by: Domithra on July 14, 2018, 02:28:29 AM
Bitcoin obtains its value from its users hence a great panic among its users can destroy the value of it. Holders with fear and doubts about Bitcoin will sell for cheap and no investor will purchase because of fear and doubts, thus, there will be no further BTC trading which will eventually lead to BTC collapse.
Title: Re: What can destroy Bitcoin?
Post by: CryptoZenWorld on July 14, 2018, 11:45:33 AM
For sometimes if I close my eye and give up hope of bitcoin, then I can see the future is as you described. But we still have hope. Because something is going to be changed in next year. Let's see what happens.

Thanks for reminding us about the destruction of bitcoin. ;)
Title: Re: What can destroy Bitcoin?
Post by: Icon on July 15, 2018, 10:07:26 PM
I agree with you. If we keep spreading negative news about bitcoin, we will scare new investors and eventually the coin will lose its value
Title: Re: What can destroy Bitcoin?
Post by: Breadwinner on July 16, 2018, 05:31:26 PM
For now I think no coin has proven to be able to destroy btc. Although  EOS and BCH can but let see what they can do at the end of this year.
Title: Re: What can destroy Bitcoin?
Post by: Baby Crypto on July 16, 2018, 05:33:57 PM
Quote from: Domithra on July 14, 2018, 02:28:29 AM
Bitcoin obtains its value from its users hence a great panic among its users can destroy the value of it. Holders with fear and doubts about Bitcoin will sell for cheap and no investor will purchase because of fear and doubts, thus, there will be no further BTC trading which will eventually lead to BTC collapse.

I am not sure other coins can destroy bitcoin. Because bitcoin is more popular and more valuable.
Title: Re: What can destroy Bitcoin?
Post by: Eben on July 16, 2018, 05:52:53 PM
I believe the creation of fear and panic through the various media about bitcoin price will lead to holders selling it at a cheap price and investors will lose interest in investing in it leading to its gradual collapse.
Title: Re: What can destroy Bitcoin?
Post by: Naswaty10 on July 16, 2018, 06:13:22 PM
which could destroy the bitcoin is that bitcoin prices become worthless definitely be a lot of people who already do not believe that bitcoin is a nice coin coin to be made in the choice to be invested .
Title: Re: What can destroy Bitcoin?
Post by: Judybrown on July 16, 2018, 10:57:15 PM
If Bitcoin will be destroyed, it will be caused by the Cryptocurrency community members. If these members are afraid and sell these coins at a cheap price, investors will not like to invest in it.