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FAIL

# Name Market Cap Price Volume (24h) Circulating Supply Change (24h) 12/29/2019 2:35 AM PST 1 Bitcoin $135,469,268,487 $7,472.70 $20,949,724,282 18,128,562 BTC 1.97%

Hypothetical reasons why Bitcoin could face extinction.

Now do not worry!

This is not Armageddon and there is of course no way to predict the future.

With certainty it is proven now time and time again that Bitcoin along with its spawn of cryptocurrencies are here to stay as they benefit so many people.

This analysis should be one you tread over lightly, however, it should also be in a list for us all as a reminder.

This is because we are not always aware of our uncertainties and that then can be used against to fear investing into something that is changing our lives.

We must slowly transition to a new form of payment and realize what these uncertainties are.

This way we can address our fears and figure out where to go from there. 

Here it is! Your master list of things that could cause bitcoin to fail.

1. No More Internet

- This is number one because it needs to get out of the way first for bitcoin not to fail. Without internet there would be no bitcoin. Plain and simple. Obviously, for there to be no more internet, something drastic would have to happen or already happened.

- An extreme example of no internet would be the occurrence of something like a Solar Flare that wipes out the Earth's internet infrastructure for a little while. Or maybe a Nuclear blackout in your town on small degrees. Yes that is hypothetically speaking and perhaps even unbelievable or unheard of. However, it is actually a natural occurrence that we should be aware of that can happen more often than we think. Especially since a Solar Flare big enough could literally fry the entire Earth's computer AND electrical systems. Leaving us without netflix for days on end.

- Internet has been around for awhile and we can easily see now it isn't going away. Except that, in the event of natural disaster. Things are likely going to be pretty hectic for everyone around you. Whether it effected just your city, or the entire globe. Being without internet for months while things get rebuilt could cause you to be without access to your Bitcoin for awhile. Hopefully help would be on the way in this worst case scenario!

- Government shutdown... yes it still happens or even worse. Regions are censored from being able to partake in certain Internet related activities such as buying and selling cryptocurrencies. Every place know to man should know that this could be a possibility any moment for no good reason even. Luckily, we are actually starting to see really strong adoption of Bitcoin and blockchain in many countries across the world. Even places like the US and China are pumping their economies full of cryptocurrency as banks realize if they don't adapt. They will eventually fizzle out of existence.

- Hard to access, tough to remember. With little to no internet it becomes increasingly harder to manage or even access your finances. This world still has very many extremely rural and off the map places. It is estimated that still only around 2% to 6% of the entire world population has invested into cryptocurrency. Which means if you end up somewhere with no internet, your odds of finding someone that will know how to help you find a secure enough internet connection long enough for you to withdraw, wait days for processing, cash out at your local bank atm, and go through that whole mess. Only to forget your passwords and your wallet addresses. Prolonging your access to funds when time is money. The simple solution here is to just get more internet! This is still a slump that feels like bitcoin has a long ways before it gets over. 

2. No More Investors

- Yikes, he said it... but we have to remember this is still a possibility. Why? Well because we don't really actually know who all is invested into Bitcoin or any other currency for that matter. Many people have heard of bitcoin yes but do many people actually own any? Maybe a few friends or family, some randoms at the coffee shops. But overall in a giant room of people in downtown wherever the hell USA. How many people are going to raise their hands when you ask a crowd if they have any bitcoin on them?

- With a small percentage of the world actually owning any bitcoin, how many of them are dormant bitcoin addresses? How many more addresses could become forever dormant never to be used ever again? Sure ledgers have ways of reclaiming these eventually but how long does the bitcoin community wait and on what merit? If too many investors are lost before a decision is made to recover lost bitcoin. We could easily see the end of Bitcoin where it would just eventually deflate to nothing. Hypothetically if no one was using it anymore and not everyone knew about it. It would eventually be worth nothing again until the people revived it. 

- Government shutdown.... yes he said it again... Except that it is always a looming thought and very real possibility. Governments could crackdown on investing laws in many different ways. Whether it gets outlawed completely or it is simply just made more difficult to partake in. Changing investment laws, or even tax laws could circumvent and deter people from seeking Bitcoin as a great worldly alternative to what we are doing now. 

- It Pyramids one day overnight to someone who sucks the world dry of all their bitcoin money. Bitcoin is extremely volatile and this is what makes it most risky. What if by some crazy mathematic solution, Satoshi Nakamoto, or someone else smart enough to conjurer up something so crazy. Made it to where eventually the mass majority of the BTC market was deposited into addresses that all belonged to the same one person. Who then jacks the price up and sells it all overnight depleting it to nothing. Sounds crazy yes! However with the extent of how intense our technology is nowadays with things like AI and Botnets. It wouldn't surprise me if some Dr. Evil out there were not already trying to think up something this crazy. I highly doubt this would ever happen as it seems way extremely against the odds. But in all honesty who really knows with how much anonymity it provides. 

- Viruses are here to stay which is sad yes but unfortunately it is just how things have to work. Now this is hypothetical of course but what if a well programmed blockchain or ledger malware virus. Programmed itself to launch some sort of crazy worldly attack on Bitcoin? What if it attacked all exchanges and depleted every company of their liquidity. It would be devastating and it is a very real fear we still have to think about constantly. Likely the most of any on this list! It happens in small doses but what if disaster strikes and we get a big dose of something strong. It would not look good for many people around the globe who depend on bitcoin and would ultimately be forced to have to use something else immediately

3. No More Business

- Shady business has been around for ages since before Bitcoin. So it is not surprising that dirty business dealings fled to this new form of transacting almost immediately. In fact, shady business dealings is the exact reason why Bitcoin is still failing as much as it is today. Bitcoin since the beginning has had to battle the stigma that it only benefits bad people who want to do bad things. Or good people that want to do bad things? Either way, this train of thought is still very present to this day. If bitcoin undergoes any sort of huge shady business devastation ever again. It could easily whither away or be replaced by a more secure token. Only to ever be used again for educational purposes. 

- No more Shady Business using Bitcoin could cause its demise as well! It is hard to imagine a world where something isn't used for wrongdoings. Naturally if bitcoin were to ever be made so that it was nearly impossible to partake in any sort of illegal activity without getting caught. I am going to go out on a limb and say that bitcoin would probably fail! If bitcoin could not be used anonymously to pay for bad things, then bad people would not only flee it, but attack it and drain it for all that it was once worth. That's not to say that it is right that bitcoin can be used this way. It just means that you shouldn't use it this way just like you wouldn't use any other currency in exchange for something terrible. 

- Bubble bursting has happened in our history before, and it doesn't seem pretty either. There has been a lot of talk about how a Bitcoin Bubble could burst and if it does. It would likely hurt a lot of businesses that have put their trust and faith into the blockchain. When businesses hurt, the people hurt, and when the people hurt, so do things like investments which get lost or turned over. This fear of Bitcoin bubbling is compared to the Housing Bubble which is ultimately why people are so scared to try investing into bitcoin still to this day in 2019. Although there are similarities and bubbles can burst at anytime. Luckily this one seems a lot more hypothetical and unlikely than what actually happened with the housing collapse. But still something to keep our eyes out for for sure! 

- Bitcoin itself is a business with no CEO, no president, no board of directors unless you want to count the blockchain communities. It is what it is though and it is a decentralized banking business with it's own form of a global currency. Take into account any of the above scenarios or even other scenarios you have learned about elsewhere. You will see that if Bitcoin for whatever reason takes a big enough hit. Another better business could surpass it and ultimately stay there because of how much better it is. Bitcoin is great don't get me wrong, however, we have coins like Ethereum who have always had greater underlying potential to be the number 1 breakout global currency over Bitcoin. Bitcoin has the meat and the potatoes, but when other coins have the entire full course meal. Those will ultimately breakout and become the leading business. Whether it be now or in the year 2140 when Bitcoin supply runs out. Bitcoin cannot be number 1 forever and that is a fact that can be caused by many things.

Do you have anything that you think I missed?

Let me know in the comments where I will be actively replying!

Thank you for reading too!

Be sure to lookout for the next article where we talk about the next coin on our hypothetical FAIL List.

Ethereum!

Respectfully,

Trevor Balthrop

www.trevorbalthrop.com