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Topic: Do You Have Any Fear Bitcoin Might Crash Someday. - page 7. (Read 1065 times)

member
Activity: 226
Merit: 26
Looking at the rapid growth the Croptocurrency world is experiencing right now, with new and promising Tokens (ONL, ATFS, BERRY etc) being introduced on regarly basis. I actually have a strong confidence that cryptocurrencies would get worldwide acceptance in the nearest future, and with Bitcoins topping the charts of all existing Bitcoins right now, Bitcoins stands to benefit from the newborn cryptos emerging. So if you ask me, I think it is quite impossible for Bitcoin to CRASH.
Crashes are always expected due to the natural volatility of cryptos including Bitcoin. But if you are referring to a total crash, I do doubt about it. Bitcoin has a large community which the coins the you have mentioned donesn't have which highly affect the demand as well as the price of most cryptos. So I think it is quite impossible to happen.
member
Activity: 322
Merit: 12
Haha i guess everyone who is holding bitcoin has the that feeling, a fear that one day, someday bitcoin might crash and of course everyone wishes too, it won’t happen☺️. But then since everything is possible to happen in bitcoin, we have to be prepared also of that bad scenario, in case worse comes to worst, you are ready to accept the situation, but for me i trust that bitcoin will reap more success in the future, and will even more expand its influence in the world.
hero member
Activity: 1134
Merit: 517
i do believe that someday bitcoin will crash and overcomed by other cyptocurrencies because there will always be better.
e.g nokia, nokia dominated the market for a long time but there comes the smartphones.
Let's look at things this way: Nokia is a popular company that manufactures phones and smartphones are innovated phones, so the emergence of smartphones could not have left Nokia behind. Same way, Bitcoin has been the flagship cryptocurrency and it's not averse to innovative moves in the industry, so what other cryptocurrencies to overcome it are yet to be seen.
member
Activity: 118
Merit: 10
People are crazy of bitcoin the new generations digital crypto currency has create a confidence and hope because of its own technology which protects its investors no one cannot do any scam.But one thing which fears the bitcoin being deal by its investors leading to a platform of gambling for their own benefit to get soon a millionaire. This fears one day people will have to see bitcoin will crash with out any doubt.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
It is possible to interfere with the work of the Internet and stop the network for some time, but it will be a disaster and the consequences of such an accident will be very quickly eliminated.

Theoretically, yes. Will this ever be put into practice to stop Bitcoin's network? No. If you manage to shut down the entire internet, you don't only shut down Bitcoin, but also the entire banking/financial infrastructure. In other words, the damage such actions will cause to the banking/financial infrastructure, will be severely worse than the damage those behind this attack will inflict on Bitcoin's network. And then I have only mentioned the banking/financial infrastructure - imagine how much damage such attack will cause to the entire world economy with how much everything nowadays depends on internet. This form of economical damage will never ever justify the tiny bit of damage that they inflict on Bitcoin.
Yes after all bitcoin will still be there once they decide to turn on the internet again, so they need a way to focus their attacks on bitcoin, they need a way to distinguish bitcoin traffic from other kind of traffic and force ISP to block or to slow down that traffic, but if that were to happen the developers will find a way to disguise the traffic and all of that will be for nothing at the end.
sr. member
Activity: 714
Merit: 250
I do not believe that a global catastrophe can occur with bitcoin. It seems to me that we have already crossed the Rubicon. A lot of very rich people have invested their money in bitcoins will not allow this. I am more concerned about the lack of prospects of using bitcoins as a currency. I really want to give up Fiat. But now it is impossible.
Who doesn't? I have that fear of course and others feel that too. Giving up is hard but basically there is an option on how to make it useful and productive. I accept the reality that there is no permanent on earth but change is. Bitcoin is something precious and it is a big loss if it will crash someday. It is not in my perspective for that situation to happen and hope it really won't.
full member
Activity: 476
Merit: 124
Bitcoin has been proven to be unpredictable due to its highly volatile price movement. A crash is not impossible to happen but there will be a lot of investors willing to buy large volumes at a lower price level because that is just how the cycle goes, following the law of supply and demand, buy low and sell high.
legendary
Activity: 2912
Merit: 1068
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I'm not thinking about that at all.
By now Bitcoin has become strong and resilient enough not to crash so easily and not to vanish from the scene.
The price will vary all the time and in the future Bitcoin will have better or worse periods but I expect to survive and to be established even more on a financial scene. Or better to say to become equal participant.
sr. member
Activity: 630
Merit: 272
I do not believe that a global catastrophe can occur with bitcoin. It seems to me that we have already crossed the Rubicon. A lot of very rich people have invested their money in bitcoins will not allow this. I am more concerned about the lack of prospects of using bitcoins as a currency. I really want to give up Fiat. But now it is impossible.
full member
Activity: 336
Merit: 102
I think chances of bitcoin crashing to zero in the foreseeable future are very small. Crashes like one in the beginning of this year are almost guaranteed to happen from time to time, but, I hope, they will be followed by recoveries, as were the previous ones in 2013 and 2011.
newbie
Activity: 140
Merit: 0
I dont have any fear that bitcoin  might crash someday, because it was created idealistically and professionally,they have a goal which to free  person from control of state  and financial institutions. Bitcoin is falling sometimes and that is actually totally normal it will not last forever after that there is always be a growth,one thing im holding on is that the past,present, doesnt predict the future just continue believing bitcoin.
full member
Activity: 182
Merit: 100
There will always be fear that bitcoin might someday crash, just like any other currency. Bitcoin crashing may seem impossible with it trends right now, but who know what the future holds for bitcoin.

Whatever the future may hold for bitcoin it will surely affect a lot of people. Crash or gain more value people and large investor are looking forward to it.
legendary
Activity: 2170
Merit: 1427
It is possible to interfere with the work of the Internet and stop the network for some time, but it will be a disaster and the consequences of such an accident will be very quickly eliminated.

Theoretically, yes. Will this ever be put into practice to stop Bitcoin's network? No. If you manage to shut down the entire internet, you don't only shut down Bitcoin, but also the entire banking/financial infrastructure. In other words, the damage such actions will cause to the banking/financial infrastructure, will be severely worse than the damage those behind this attack will inflict on Bitcoin's network. And then I have only mentioned the banking/financial infrastructure - imagine how much damage such attack will cause to the entire world economy with how much everything nowadays depends on internet. This form of economical damage will never ever justify the tiny bit of damage that they inflict on Bitcoin.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Looking at the rapid growth the Croptocurrency world is experiencing right now, with new and promising Tokens (ONL, ATFS, BERRY etc) being introduced on regarly basis. I actually have a strong confidence that cryptocurrencies would get worldwide acceptance in the nearest future, and with Bitcoins topping the charts of all existing Bitcoins right now, Bitcoins stands to benefit from the newborn cryptos emerging. So if you ask me, I think it is quite impossible for Bitcoin to CRASH.
I do not mind if bitcoin crashes or even if its stops having any value, I'm not going to stop holding that is my strategy, the money I invested in bitcoin is a money I can afford to lose and I have the mentality that either I will get incredible profits out of it or I will get nothing so while many are scared when a crash happens I do not and if possible I take advantage of the opportunity.
full member
Activity: 392
Merit: 137
I don't have that fear. All transactions are stored on millions of computers worldwide. This data cannot be destroyed. It is possible to interfere with the work of the Internet and stop the network for some time, but it will be a disaster and the consequences of such an accident will be very quickly eliminated.
full member
Activity: 321
Merit: 100
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Yes I have that fear but not soon. Because bitcoin crashed just last month and we are ok now. We may have some wounds but we did not die.
We are entering in a bullish trend for bitcoin and that crash may happen 1-2 years later from now on. We can think when it comes near.
hero member
Activity: 2002
Merit: 516
As it happens when investing, everyone is afraid not to lose money. There are many factors that can cause a crash. Therefore, these fears are justified. Just look at the recent panic sales.
full member
Activity: 419
Merit: 100
I don't have any fear bitcoin if might crash someday, this is because bitcoin for me is not the main source of income, and I work in the office and clothing and food business so I just make bitcoin to earn a little money and never have a large amount of bitcoin.
full member
Activity: 532
Merit: 132
There has been plenty of speculations from the past saying that bitcoin is eventually going to crash especially with the rate of how the price has been performing. Since bitcoin is said to be unstable, many are expecting the market will crash in the near future. As an investor, it is everyone's fear for a crash to happen - and not only with bitcoin. Even with other investments, there is always the fear for a crash. It cannot be avoided to have a little fear since our money is at stake.
People have the right to fear because they put their own money in an investment. There are a lot of investment fields, but when we talk about crypto, we can say that the market is too fluctuate, so no one can trust the market after this high volatility of price, but personally, I believe in cryptocurrencies, especially bitcoin and I know that one day bitcoin will achieve a high price so people who invested now they will be millionaires.
full member
Activity: 686
Merit: 146
There has been plenty of speculations from the past saying that bitcoin is eventually going to crash especially with the rate of how the price has been performing. Since bitcoin is said to be unstable, many are expecting the market will crash in the near future. As an investor, it is everyone's fear for a crash to happen - and not only with bitcoin. Even with other investments, there is always the fear for a crash. It cannot be avoided to have a little fear since our money is at stake.
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