Topic: Can bitcoins become worthless? - page 10. (Read 937 times)
It is possible. But just because it is possible doesn't mean it will happen. Sure, the price of the bitcoin unpredictably changes, but it can only go down as far as merely half or fraction. Still, better to be well-prepared for anything.
In the worst scenario it could become worthless.
Exactly on that subject I have read the newspapers article the other day which said that the price of Bitcoin depends on the group of enthusiasts and that it could easily become worthless.
I didn't give much importance to that and personaly I don't think Bitcoin will become worthless at least not so simple, the whole negative process that would last for a while should start before that. Nothing happens over night.
Exactly on that subject I have read the newspapers article the other day which said that the price of Bitcoin depends on the group of enthusiasts and that it could easily become worthless.
I didn't give much importance to that and personaly I don't think Bitcoin will become worthless at least not so simple, the whole negative process that would last for a while should start before that. Nothing happens over night.
Theoretically it can, but personally I think this is very unlikely due to a good number of people in the crypto space that are really really dedicated to ensure bitcoin's success. Though I also think it only takes one sort of ban from a huge country like the United States to crash bitcoin's price to 3 or even 2 digits.
- just my 2 satoshis
- just my 2 satoshis
It could become worthless, just like the us dollar could collapse and could become worthless. But I don't think we'll see it happen to bitcoin.
any information that can give on bitcoin would be speculation although its fall has been expected as correction its price we can't leave for granted any opinion, only assume and trust
Yes it can be possible for Bitcoin to become worthless. When the world goes against it and make it illegal to use then it will become nothing in no time. It is hard to predict if this will ever happen though.
Exactly. No one can know what the future holds and everything is possible.
I believe that most likely scenario where Bitcoin loses all it's worth is due to some critical security vulnerability that can not be fixed.
However that is unlikely by itself.
I believe that most likely scenario where Bitcoin loses all it's worth is due to some critical security vulnerability that can not be fixed.
However that is unlikely by itself.
For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.
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