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BITCOIN will be destroyed?

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1. There is no shade regulation. only a few countries have legalized BTC as legal tender. Even today many countries do not want to. 
2. Uncontrolled prices. As a trader, I have observed that the price of btc is irregular in support and resistance, supply and demand. 
3. The tendency of public interest in BTC is still minimal. And this is compounded by the absence of serious observers in 

What do you think?

#1 - September 22, 2019, 08:42:01 AM

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Bitcoin cannot be destroyed easily. The Bitcoin network is being secured by everyone from poor people in garages to big mining farms run by companies. So it would take a UN resolution and global enforcement to get rid of Bitcoin since it is geographically located everywhere. This is something that just won't ever happen. If Bitcoin is ever 'destroyed' it will be caused by people naturally leaving it. For example, if government(s) create their own cryptocurrency that is better than Bitcoin. If the USA made a decentralized but yet 'official' crypto that offered mining rewards or something, people would jump ship and get in behind the official government backed crypto. Another real threat I could see down the road is advances in computing. Once Bitcoin addresses can be hacked (eg. guessing a private key), the whole network becomes insecure. It then won't matter how many miners there are or anything else. The whole network will simply be insecure and people will leave it. I see this as a real threat, but not any time soon.

Here are my thoughts to your points.

1) Countries do not want to do this because Bitcoin is competition to their fiat currencies. Bitcoin takes power away from them and of course they do not want this. Whether Bitcoin is considered legal tender or not is also unimportant in my opinion. It's like saying water isn't a legal drink, but all humans drink water. Since Bitcoin is being used by people all over the world in both online and offline places, it does not even need officially announced.

2) I agree with this. Bitcoin sometimes works on it's own timing and seems to do it's own thing. This isn't necessarily a bad thing though. If prices are uncontrolled, this is exactly what we need. We don't need a government or a group of bankers having control over it. We don't need some authority trying to make it more stable. As Bitcoin grows and become more wide-spread, the price stability will follow.

3) This is a good thing for Bitcoin investors now though. It's good to get in while still early.
#2 - September 22, 2019, 12:28:03 PM

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I think that bitcoin is not likely to be destroyed. But to the extent of falling prices and unstable market conditions it is very reasonable because a trade is like that. 
And for now bitcoin is starting to improve compared to the previous year.
#3 - September 22, 2019, 12:37:04 PM

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A blockchain system developed and made by bitcoin will never be destroyed. Because this system is very clear and good.
#4 - September 24, 2019, 10:52:16 AM

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From the above 3 reasons I see that bitcoin is not likely to be destroyed. But if you experience weakening it is very possible.
#5 - September 27, 2019, 11:58:08 AM

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BTC won't break as long as there are still many users, it's simple.
Bitcoin disclosure will be destroyed certainly will not happen, what might happen is bitcoin asset prices plummeted like in 2018 yesterday.
#6 - October 23, 2019, 02:41:15 PM

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these reasons are true but the evidence to date is that the condition of bitcoin is very safe and even though there are many deficiencies in terms of security but in the bitcoin protocol itself has extraordinary security embedded where no one has been able to solve the algorithm let alone hack it.
#7 - January 13, 2020, 09:54:03 AM

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Without regulation even though there are no hackers who can hack bitcoin and it is very difficult and almost impossible but the risk is that bitcoin will collapse if it really can be hacked.
#8 - January 20, 2020, 06:43:21 AM

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bitcoin price movements that are uncontrolled and without regulation that makes bitcoin prices very volatile and unlimited, so it can become an extraordinary potential and opportunity only the level of risk will usually be proportional to the potential profit.
#9 - January 20, 2020, 08:00:16 AM

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In this world nothing lasts forever, even though bitcoin is very strong and safe but all possibilities can happen including the fall of BTC, but these predictions are still very far away and currently bitcoin is still very popular and widely used.
#10 - January 20, 2020, 10:01:14 AM

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judging from the btc volume and market capitalization, bitcoin is very big in demand, sir. So the third reason is no longer valid in my opinion. Reasons number 1 and 2 are also no problem until now and are still able to move the price of bitcoin so far.
#11 - January 20, 2020, 11:59:53 PM

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bitcoin is still in a safe condition, but its name might indeed be able to happen at any time and time in this world so we still have to be careful, especially in the use of bitcoin and also secure a personal wallet account that we have.
#12 - January 21, 2020, 05:20:23 PM

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As long as bitcoin is not banned globally, the existence of bitcoin and other crypto currencies will still be fine. Indeed, from a number of points, BTC is quite risky, but it is still quite safe.
#13 - January 22, 2020, 12:07:08 PM

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my opinion bitcoin is difficult to break because it has proven to be a favorite coin for several years and the price is also quite good even it is estimated that throughout 2020 BTC prices will creep up even though it is only a prediction but I believe it.
#14 - January 25, 2020, 03:11:23 PM

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BTC will not be damaged because a popular and well-liked digital currency to use will be very difficult to destroy. The reverse possibility is even more likely considering that bitcoin prices are quite good and are now experiencing a trend up.
#15 - January 28, 2020, 04:12:56 PM


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