Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: cryptorakibul on January 17, 2018, 05:24:46 PM
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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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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.
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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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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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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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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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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.
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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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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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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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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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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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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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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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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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To me btc will only die when the technology on which it was built is destroyed or when no one choose to sell and buy anymore which can't happen in the ecosystem.
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bitcoin will die if all investors no longer want to come to bitcoin, and there is no internet network or the government blocks internet in their country. so that no one can connect with each other ..
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Making it a crime by governments to mine, hold, or operate services and exchanges of bitcoin, would probably kill it, or at least keep it out of hands of average people, and be more of an illegal black market currency. Its probably not to hard to find out where the major mines are based on electricity consumption. They could also ban electricity use for mining.
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several countries bitcoin been banned but they continue to use it,people need this currency it wil survive.I didn't see bitcoin is dying,everywhere bitcoin excess continuous it's popularity
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I do not think that it will die completely, but if the US, Russia, China or the European Union impose ban, this will strike a huge blow. Of course, such a possibility is too small but, Trump could write a tweet tomorrow and explain that he would ban all the cryptos.
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Let us accept the fact that bitcoin will end if there will have serious and widely calamity that makes it to the point of shutdown the system. This is just temporary so it means bitcoin will remain and maybe forever.
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I doubt bitcoin will die because of global regulations, and even though bitcoin doesn't get legality, bitcoin will survive. Bitcoin will survive and not easily die because bitcoin is a future technology.
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When there are no more people who believe in Bitcoin, or have disconnected the internet network. then that's when Bitcoin will die, but in my opinion it will be difficult to happen, Bitcoin will continue to live to the end.
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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.
Agree with you mate. As long as there are so many believers of bitcoin, it wont easily die but rather it will continue to spreading worldwide whatever negativity going to happen. Maybe if internet globally shutdown it can totally shutdown bitcoin also and maybe it will die.
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Bitcoin will always be there and won't die! because I know, Bitcoin has advantages and convenience in transactions compared to ordinary Fiat money. for this reason, Bitcoin owners and investors will not leave it.
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When the price of Bitcoin falls too deep, investors leave it. and there are no more people who believe in Bitcoin, then that time was the time of the destruction of Bitcoin. but that also won't happen.
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if the Internet is lost all over the world, only in this case bitkoyn can disappear as a credit currency, you should understand that this is impossible for understandable reasons
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For me very impossible bitcoin will die there operations because this is now known and very popularity all over the world but in order to regarding your topic if it will be happened for the situation bitcoin will die possible all connected in bitcoin will be be quite and the investors will not be back in bitcoin operations likely in cryptocurrency.
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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 die if there are no suppliers or investors who do not invest in bitcoin because that is vital for bitcoin because Ethereum has fallen far and returned as early as 2017
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bitcoin will die if the worldwide internet connection is disabled
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It's very difficult from Bitcoin to die as this coin has already developed by technology.It is only the Government can stop Bitcoin if they will totally banned the whole country from it.
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I think your thoughts are too far about the death of Bitcoin from Cryptocurrency. It can be seen in fact today, even though in the last 5 months the price of almost all of the coins has dropped, but Bitcoin remains the number one coin that is still the king of Cryptocurrency. That is my strong sense and my belief that Bitcoin will not be replaced and remains the best coin crypto has for the next 2 years. I'm sure of that.
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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 bitcoin will die, If bitcoin has banned in all countries and the demand if bitcoin is zero.
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Although we can make various assumptions as to how bitcoin will die but I strongly believe it’s not going to happen in reality. Bitcoin will be there no matter what happens.
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
I personally still believe Bitcoin will exist for along time. Maybe at the coming future, Potential altcoun will replace bitcoin. It is the time bitcoun will die.
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I think the only thing that can stop bitcoin existence is the end of the world. The end of the world is the end of everything in this world that we can feel, touch, and see.
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Bitcoin will be died in situasion if:
1. There are no internet connection, we know that bitcoin run on internet connection.
2. There are no miners of bitcoin, we know the miners are validation of transaction on bitcoin.
3. There are no investors who investment in the bitcoin.
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
All three are valid reasons. Among the three, different technology is the one I think has the best shot of killing bitcoin. Market tends to move to new and better technologies.
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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 It is difficult, Bitcoin will die. In my opinion If the demand of bitcoin is zero, It will happen. But It is impossible, Bitcoin is so high demand.