Is it possible for the bitcoin to lose it's value ? - page 29.

ramsdaj28

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Quote from: AlexSimion on June 14, 2017, 05:43:40 PM

Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.

Yes, it is possible for bitcoin to be in a downfall, but not to the extent that it will go back to its initial price when it was created. A lot of people have already put their money in bitcoin, and it isn't possible for bitcoin price to drop drastically as long as these people are still holding on their bitcoins. I think, the only way for bitcoin to lose its value is when exchanges and trading sites close, or when thee exchanges and trading sites remove btc on their cryptocurrency list, which are both improbable to happen. To sum it up, it is possible, but not probable for btc to see its value to drop that much.

Visbay

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Quote from: CheatingCoins on December 01, 2017, 12:37:10 AM

bitcoin daily loses value and also increases it, it's called fluctation or market swigns in other terms.

Well I think it’s not possible for bitcoin to lose its value because bitcoin is now very strong and powerful in market so I think bitcoin will never lose its value and In my opinion there is only one condition for bitcoin to lose its value and when bitcoin price stay remain on one place and for that there is no chance because bitcoin is connected with market trade and day by day its price id going high so bitcoin will be high with its price for ever.

yeezycheezy

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maybe but bitcoin is on top they will take care the rank they have and no coins if theres no bitcoins . if bitcoins get lost they will lost too! in my own opinion

BossMacko

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It is very possible right now Bitcoin is the very useful cryptocurrency, used in gambling, trading , and payment for advertising company, If something will be created that will be more useful than Bitcoin in the future then price of Bitcoin will really go down but i believe it will take many many years before this thing can happen.

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Quote from: DMiracle1 on December 02, 2017, 09:50:51 PM

Interesting question. But i don't think the total fall of bitcoin will not happen. It's price may fall by as much as 20% most probably but then it will totally recover it's value much much faster than it's downfall. Bitcoins demand is inevitable. We just never know what will happen in the future.

It's been the cycle of bitcoin, it necame that far and I don't think itbwill crash since its the pioneer among cryptos it gain popularity and with a lot of innovation.

DMiracle1

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Interesting question. But i don't think the total fall of bitcoin will happen. It's price may fall by as much as 20% most probably but then it will totally recover it's value much much faster than it's downfall. Bitcoins demand is inevitable. We just never know what will happen in the future.

mardaed

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If people lost belief and start abandoning in bitcoin, the prices will fall, demand decreases. There is no competiting other alt with bitcoin because it is the master of crypto currency. Sometimes it may take a downward plunge like any other asset thrown to the market as determined by the demand and supply. People may loose their belief by viewing fake reviews and telecasts about bitcoin that makes them withdraw their investments and chances to loose it's value but it is all individual learning and analysing about bitcoin.

Paul Pogba

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Everything can happen, if this year the increase could reach more than 1000% and no one knows, then it could be a time the price drop up to 1000% in a month, decentralization is always difficult to guess.

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Quote from: buytheeffinD on December 02, 2017, 03:23:52 PM

Yes this can happen for sure but something drastic would have to happen in order for bitcoin to lose over half its value.

Such as ?

Quote from: buytheeffinD on December 02, 2017, 03:23:52 PM

In my mind the only thing that can really cause a crash like that is what happened in 2013 with Gox

We have long past that old tragic, it wont happen again and even if it does then the effect wont be as huge as before

Quote from: buytheeffinD on December 02, 2017, 03:23:52 PM

but others seem to think the government can regulate it heavily and crush it.

Some people do and it is essential for the goverment to do it, unless they do it then they wont stand a chance against bitcoin

Quote from: buytheeffinD on December 02, 2017, 03:23:52 PM

Others also think that governments may conspire to buy a lot of it up and smash sell which would also crush confidence.

Not going to happen

Quote from: buytheeffinD on December 02, 2017, 03:23:52 PM

Take your pick a number of things can happen but in all honestly I think they are unlikely at this point but never rule them out. That is why it is best to be safe while investing!

There is nothing certain and especially with the huge exchange rate of over $10,000 , bitcoin could be consideres as a really high risk investment as of now

buytheeffinD

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Yes this can happen for sure but something drastic would have to happen in order for bitcoin to lose over half its value. In my mind the only thing that can really cause a crash like that is what happened in 2013 with Gox but others seem to think the government can regulate it heavily and crush it. Others also think that governments may conspire to buy a lot of it up and smash sell which would also crush confidence. Take your pick a number of things can happen but in all honestly I think they are unlikely at this point but never rule them out. That is why it is best to be safe while investing!

Senja Kemuning

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I think everything is very possible, bitcoin is decentralization, it all depends on the user, if someday all users run then bitcoin will lose value and eventually die. but I do not think it will happen in the near future.

Kazuyukie

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with the way it is nowadays, its really unlikely for bitcoin to lose its value, and for sure the investors, traders and all the people who are using it for there own interest won't allow something like this to happen specially now that Bitcoin is in unstoppable mode.

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Yes, because nothing last forever. I mean yes it can have a possibilty to lose its value, but not this year, maybe in the next 10 years. Because as we can see bitcoin is the most used in the crypto world. Also, we can see that bitcoin haa beaten the currency of a gold. But in the upsides times there is also a downsides, just like what happened lately that it goes down in a matter of time. I can say that there is a possibility that bitcoin can lose its value in the future. Because there will be a new system or currency.

BlackRock

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It's possible to lose its value if there will be no one who will support bitcoin when its value drops very low, and all the users will sell their bitcoin. However, I don't think it will happen now because bitcoin always recover for how many weeks after it drops. And as of now, bitcoin is becoming more popular that its demand and supply keeps on increasing. And a lot of people supports bitcoin when it drops, and they still have trust on it.

Astvile

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Yes it is possible for bitcoin to it's value. since it happened in the late 2013 where it loses more or less 80% of its value. tho it bounces back, the recovery took too much time, people sold in panic, but those who hold their coins won big time.

so yes, bitcoin can lose it's value but it's hard to say when and why it will happen.
if ever, i think the recovery take some time before it rises up again

kolbalish

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Everyone knows that nothing is impossible in the earth. According to this,it is possible for the Bitcoin to lose it's value. But I think that it will happen in the next year probably. Because, Btc price is increasing now.It will decrease very soon.Then Btc will lose it's price.

usorin

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Quote from: AlexSimion on June 14, 2017, 05:43:40 PM

Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.

This won't happen because the technology behind cryptocurrency it is viable, it has a lot of applications in several domains so, as long as there is a continuous need for bitcoin the value of it won't be lost.

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Quote from: lucy1215 on December 02, 2017, 08:29:07 AM

Quote from: AlexSimion on June 14, 2017, 05:43:40 PM

Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.

In 5-6 years time the value of bitcoin would depend on the investors if they would still continue to support and invest in bitcoin. With the current value of bitcoin it is impossible to loose its value and the value are getting stronger as day goes by. So loosing its value is not feasible at the moment the demand is getting higher.

I always assumed that Bitcoin and other crypto currency is in the risk zone, so all who invest their money in the crypto currency risk their money. But to date, These coins are very huge money.

lucy1215

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Quote from: AlexSimion on June 14, 2017, 05:43:40 PM

Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.

In 5-6 years time the value of bitcoin would depend on the investors if they would still continue to support and invest in bitcoin. With the current value of bitcoin it is impossible to loose its value and the value are getting stronger as day goes by. So loosing its value is not feasible at the moment the demand is getting higher.

arief89

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This is very possible because the world of criptocurency is unpredictable, if bitcoin has no demand, then definitely bitcoin will not have value, because bitcoin value is determined by the user of the bitcoin itself ...

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