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joendegz

What if Bitcoin fails?

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Bitcoin will not fail, my friend, on the contrary, it has proven its strength and its ability to rise. It has fallen twice, a significant decline, although we have seen it rise again, and this proves that Bitcoin will be on the rise.

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Bitcoin could not fail. Because Bitcoin income and its popularity is even higher than the investor. I think cryptocurrency will suffer a lot if bitcoin fails from crypto currency. Thank you for sharing this with me

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I do not see the possibility that bitcoin fails since it was possible that it failed in its first days and it has remained alive for 10 years and is the currency with the most value and more power in the market

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For me, I don't see bitcoin failing at all. Why will it fail when it's decentralized and it's not under any government control. Till now, government of the world are looking for its downfall. Since it did not support their evil system and practices of injustice

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I think there would be Many lose 

As many people depend on their invested money, but if it came back I think they will withdraw their money and invest it in ethereium which is in increase after bitcoin.

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On 10/14/2019 at 8:09 PM, joendegz said:

I have always asked myself this question, what if BTC fails ? its the largest Crypto by market capitalization about 67% of the entire coin market, whenever it goes up all the other coins follow and if it goes down all the coins follow. The entire market depends on it... so i would to ask the question what happens if it fails.

In also see bitcoin not anymore circulating in the next century or for about 6 more decades in the market. 

But if so, I think if bitcoin would fall, all other coins might be badly affected too.

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Bitcoin rises and falls back for some stages, Bitcoin will  not fail because it's supported by many fans and users

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If bitcoin fails ine day the whole Cryptocurrency will be affected. There are many long term holders of bitcoin and they are waiting for bitcoin to reach in six numbers. If bitcoin fails then all the top investors will end up with nothing. But i don't think this will happen. As long as crypto is alive bitcoin will live. A great part lf crypto depends on bitcoin along with fame.

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If bitcoin fails, am other cryptocurrencies would have showed sign because all will fail first before bitcoin will fail. But just have it at the back of your mind that bitcoin can never fail. Such negative thinking will get you nowhere. 

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First bitcoin never b fail. If they fail crypto market like as corona time all countries .

Wording joking but truth.

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I don't know what you mean by fails my friend. Do you mean the code? If it fails like if there is a bug found and exploited by someone? This is something that can't happen as there are so many developers looking and fixing all bugs. Also if something happens then everyone will know and transactions will stop and perhaps miners will also stop for a while. Bitcoin is run by the decisions of everyone so there will be a fix and a continue in just a couple of hours. They have thought of that and there are risk aversion mechanisms.

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I don't know why you are saying that and we have seen that not even a global pandemic could stop Bitcoin from running as it should. It is stable and price is a matter of adoption and people using it as a store of value or to make transactions. It is the best internet money we have today and can be developed more to be used in microtransactions too.

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You don't have to worry friend! i think that the blockchain technology, like bitcoin itself, has an extremely high demand, so we can count on the future of this system! After all, it seems to me that it can give us a lot. and many companies and people talk about it, so it gives its fruits, and great progress!

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I wonder what fails means as there are some fundamental concepts that give Bitcoin a big boost. Was the $4000 drop in price a fail perhaps? Who knows. Even a 50 or 80% drop in price won't be considered a fail for Bitcoin. 

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there are a lot of people that have the Bitcoin stored for a great profit and some of them has a great amount of it so the people will lose all of their money and they will maybe lose their heart too 

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I think bitcoin will not fail, bitcoin will fail if there is no internet anymore, if that happens then all other financial systems will also fail, all financial systems use the internet to store their money. All over the world using technology that requires access to funds on the internet, in my opinion it is dangerous if there is no internet anymore.

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My friend you have asked a very good question but it is very difficult to be so. As you know, now the demand for bitcoin is increasing very much and its supply is very less. And as you know bitcoin price has reached almost $ 24000. And as you know there are many people who are investing in bitcoins and thus the price of bitcoin is increasing. As users of cryptocurrency are increasing, those who invest in bitcoin are also increasing. So that's why I think there is no chance of a bitcoin failing.


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No, dear, this is impossible, a great currency like Bitcoin can't fail because it's the beginning of currencies, the highest, the most precious, it's the best i have and i have everyone it's a wonderful and useful right to earn. 

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I suggested that the bitcoin currency is the crypto currencies head and it depends on how crypto currencies market is moving and if is moving low the you will get some little less of price but if is moving  high you will get more profitable income

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Bitcoin is a famous crypto currency. Mostly peoples use this crypto currency. It is also known as king of crypto currency. If bitcoin fell down and fail then I loss my count and move on in my life. But this is difficult that bitcoin will be fail. 

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Bitcoin is the king of the crypto world.  All currencies depend on Bitcoin.  But if Bitcoin goes down, other coins will be dumped.  However, if Bitcoin dies, other coins will no longer exist.  However, Bitcoin will not fall easily.  Bitcoin is getting stronger day by day.  So we have to stay with Bitcoin.

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On 10/14/2019 at 5:54 PM, joendegz said:

I have always asked myself this question, what if BTC fails ? its the largest Crypto by market capitalization about 67% of the entire coin market, whenever it goes up all the other coins follow and if it goes down all the coins follow. The entire market depends on it

Bitcoin follows the decentralized system and technically Bitcoin won't get failed but market can be crashed if there is no investors in Bitcoin but such possibility is currently negligible. This world should get another advanced technology other than Bitcoin so that investors would find the new option to consider otherwise Bitcoin keeps growing up in this world. 


 

 

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Nowadays you can see the price of bitcoin.  So how you can say the bitcoin will fail. In my opinion it will never happened because it is a top 10 currency. Many of world have accepted it.

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Still there has sign bitcoin will die or fails as you said but there will have chance if crypto market get any better coin than bitcoin..  Unfortunately there has no coin in crypto market still which can overtaken btc..  By the way, btc price can dump anytime which depend on Investor as well upto trader.. So do not be worry about it.. 

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If bitcoin fails lots of investors will go bankrupt, and the exchange markets Crisis may start, and it be another opportunity for altcoins pump price to increase high just like bitcoin did.

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