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Topic: Is it possible for the bitcoin to lose it's value ? - page 41. (Read 35129 times)

hero member
Activity: 704
Merit: 500
Probably not: It’s just too volatile. The virtual currency is known for wild fluctuations in price. Since then, prices have more or less inched up, and at the turn of the year, they started to approach record highs. Those sudden ups and downs would be bad news for your over all investment portfolio. If you do choose to take the plunge and buy a bitcoin, make sure it’s a very small part of your diversified portfolio and that you can afford to lose your investment. At the end of the day, I would never recommend this on a stand-alone basis.
Everything is possible in this world.Eight years back no one knew about bitcoin.Now you can see that it is the leading cryptocurrency today.It has almost reached $8000 in today's date.But recently bitcoin had seen a downfall in its value.In the last eight years bitcoin has seen many downfalls.Its value is very volatile.Since it is not controlled by any bank,there are many fluctuations.Whatever may happen,its value will not loose.It can fall but can aslo recovers in a short period of time.
full member
Activity: 419
Merit: 100
For now bitcoin is hard to lose its value, even bitcoin is getting more popular and its value is increasing compared to last year. But if someday people have left or no longer use bitcoin, it will automatically bitcoin will fall, but whether that's when will occur,we do not know.
Basically No, even the fact that in every currency there is an always value fluctuation. But due to the popularity of bitcoin and its ability to make more money there are many people around the world who has engaging on it and the more people working on, the more it becomes stronger, it is only like a passenger bus that as long as there are passenger then it will continue to operate and then comparing on that situation Bitcoin will continue to work until there are no more people working for it.
No chance for it that bitcoin can loss its value because now a days bitcoin have a very strong hold in market and its spared it business to the world and still trying to reach the rest of countries so bitcoin have not only a value in world but people also love and support bitcoin from the bottom of their heart because bitcoin change a life’s of people.
sr. member
Activity: 518
Merit: 258
Probably not: It’s just too volatile. The virtual currency is known for wild fluctuations in price. Since then, prices have more or less inched up, and at the turn of the year, they started to approach record highs. Those sudden ups and downs would be bad news for your over all investment portfolio. If you do choose to take the plunge and buy a bitcoin, make sure it’s a very small part of your diversified portfolio and that you can afford to lose your investment. At the end of the day, I would never recommend this on a stand-alone basis.
hero member
Activity: 1092
Merit: 523
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.
Bitcoin lost more that half of its value in late 2013. Can bitcoin lost its value? Yes, but it is only for short time. Bitcoin will never lost its value for permanent time.
Bitcoin lost that much of a value as a result of some occurrencies back then and the fact that so many people panicked. However, if it does not have value at all, then it wont even be back to this point today. I agree with you with the definition of the lost in value and we all know it is still possible even with the recent happenings with China but some of these things are factors that can cause some quick dumps which as it is does not take much time before we see people hopping back in.
Due to many happening that have occurred in the recent past it would not be a go see that Bitcoin had has lost its value. But if we would look at the complete picture ignoring different scenarios then we would come to know that Bitcoin still is most highly valued digital currency and it is going to become more and more famous because of Reliability factor, excessive use and increase in demand.

The current market value of this digital currency is round about dollar 7000 and we are expecting it to increase to somewhat $10000 or even more in the upcoming year.
full member
Activity: 223
Merit: 250
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.
I don't think so. Bitcoin has been reigning as the cryptocurrency which has the highest value and the increase of its value is still ongoing and it never stops. We all know that bitcoin is said to be the future currency of the world which means the value of it for sure will grow and grow since it is being supported by many from different countries. Bitcoin will have its value going down and loosing its value won't happen.

bitcoin will lose its value on a frontal basis if large markets such as bittrex and poloniex are forcibly shut down by the federal financial watchdog. Although bitcoin will continue to increase again, but if the world can think unequivocally without compromise, it will happen, but in fact almost all governments consider bitcoin as the best choice for global financial solutions so that it never gets a sharp breakdown sharply.
Hmm... In my opinion, there is no reason to close these large exchanges while the government can taxing the cryptocurrency market through these exchanges. You have to know these exchanges all need the user verify account through KYC and unlike old BTC-e, all information can provide for FBI or other force have permission to know the information of user for their job.
member
Activity: 630
Merit: 24
there is nothing - 100% in this unstable sphere,but there is no reasonable doubt for me.Investors,traders,btc workers are growth indicators of cryptoworld.more people know about this than before and more people try to mine or do work for bitcoin,olso propaganda of this is stronger.
 As adoption of cryptocurrencies increases, the price and number of transactions increase, causing greater price stability, and stability increases mainstream adoption.
member
Activity: 98
Merit: 10
All is possible to happen we don't know but if wee saw what bitcoin show to us its like impossible to happen.It will take many masterminds to put bitcoins into tough situation.we start seeing more demand for it and the value will most definitely keep increasing.
member
Activity: 73
Merit: 10
It is possible for bitcoin to lose his value, because we know that bitcoin and every other coin are unstable. Also there are some mind tricks going on and if they show us that btc is going to die.

Most of the investors would sell their bitcoins, but sometimes this is wrong what they are saying. So i always save up my coins no matter what anyone says I am the real owner of my bitcoins.
newbie
Activity: 9
Merit: 0
It is possible if some other coin is getting better or if the internet goes down i think bitcoin price won't go too low anymore it has reached 7.5k do you think it can go below 1k? i do not think that that will ever happen.
member
Activity: 131
Merit: 10
It is very likely that the price of bitcoin will drop to souvenir / rare values once. It will not be equal to zero, but it is not high either - what is the value of a coin with a circulation of 21 million?
sr. member
Activity: 1876
Merit: 295
GOD is TRUE
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.
I don't think so. Bitcoin has been reigning as the cryptocurrency which has the highest value and the increase of its value is still ongoing and it never stops. We all know that bitcoin is said to be the future currency of the world which means the value of it for sure will grow and grow since it is being supported by many from different countries. Bitcoin will have its value going down and loosing its value won't happen.

bitcoin will lose its value on a frontal basis if large markets such as bittrex and poloniex are forcibly shut down by the federal financial watchdog. Although bitcoin will continue to increase again, but if the world can think unequivocally without compromise, it will happen, but in fact almost all governments consider bitcoin as the best choice for global financial solutions so that it never gets a sharp breakdown sharply.
sr. member
Activity: 966
Merit: 342
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.
Just look at the past few days. The price of the bitcoin went down half a thousand in like a day. The thing that you must know when you get involved with bitcoins is that everything is possible and the price might go as low as back to 300 dollars in a few days easily if the massive dump starts. The price is fluctuating all the time.

I remember the day when mtgox scam happened, that was terrible. All people suddenly understood that they might lose all their savings on the exchange so they started selling it massively. Other people who saw that the price is going down started fomoing and selling it as well in order to take as small loss as possible.

To be honest at the moment, ethereum seems to be way better investment option short term. A lot of people are jumping in order to make as much profit out of it as possible, so I wouldn't be surprised if the price started going up again. Bitcoin is becoming weaker and weaker with time as eth market cap is going up.

Nice to see a post like this  only a few months later.

June 14th: $347.78 ETH
June 14th: $2503.40 BTC

Nov 6th: $307.18 ETH (lost 12%)
Nov 6th: $7348.17 BTC (won 294%)
sr. member
Activity: 602
Merit: 263
Bitcoin is an active precursor in the history of online payments. The use of the internet and the technology aimed at it is simply the future, so bitcoin has emerged as a new technology in order to end absurd rates and delay in sending remittances all around the world. Its value is like any financial asset. which is given by the volume of purchase and sale, suffers from news of great impact, is the cause for controversy, etc. I do not doubt that many people on the wall street want to see the end of it in the next decade and if someone succeeds in this difficult task, the coin could lose its value a lot, but I do not believe that the cryptocoins will end soon. Bitcoin has survived so many thin in the past that each year we see records on its valor and that will keep going forever!
member
Activity: 218
Merit: 10
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.
I don't think so. Bitcoin has been reigning as the cryptocurrency which has the highest value and the increase of its value is still ongoing and it never stops. We all know that bitcoin is said to be the future currency of the world which means the value of it for sure will grow and grow since it is being supported by many from different countries. Bitcoin will have its value going down and loosing its value won't happen.
full member
Activity: 263
Merit: 102
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.
Go down I think, but lose it's value, it's too impossible. If you are going to look right now, bitcoin's value has increased a lot amidst all the troubles it has faced this year. Bitcoin was banned in China but still the value increased after a few weeks of recovery of bitcoin from it. This just simply show the firmness and ability of bitcoin's value to grow even though there are some troubles occuring outside.
legendary
Activity: 1330
Merit: 1003
It is not possible for Bitcoin to lose it's value anymore. Maybe at the beginning it could have been coerced, but the idea of decentralized censorship-resistant money would never go away and we would see new, and better attempts at taking over cash. Because let's face it, gold and especially cash, are on it's way out especially in this digital world that we all live in today.
full member
Activity: 140
Merit: 100
The Future Of Work
Personally,yes.But for now,I am very glad that bitcoin is increasing its value.And I don't think that it will lose its value at this point in time.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
Yeah,I think it is possible for the Bitcoin to lose it's value anytime.Bitcoin is a business. Although Bitcoin is a profitable business, it lose it's value sometime.Because, it is not so much popular like gold,computer etc.For this reason,it is possible to lose bitcoin's value

Bitcoin is not a business. Bitcoin is a commodity. But other than that distinction, I agree that Bitcoin can lose its value. Its value is arbitrary, and seems to be a bubble to me. There's no large scale underlying utility supporting these prices increases, everyone just seems to be buying because everyone else is, and because everyone is buying, everyone is under the delusion that the price will always go up. Nothing in the world works that way, and Bitcoin is not an exception.

I don't think that this distinction makes a lot of sense

You could call Bitcoin a commodity just like you can call gold that, but obviously it won't tell us anything about either since there are plenty of other commodities but Bitcoin as well as gold is certainly different. So what's the point? You fail to understand the real relationship between Bitcoin and the crowd. Indeed, technically speaking, it is a bubble (or even a financial pyramid of sorts) but people consider Bitcoin as a hedge against their national currencies which are being constantly devalued. What does it mean in practice? It likely means that such bubbles can exist indefinitely long or, at least, as long as there are depreciating fiat currencies sticking around. Don't forget that apart from a few more or less stable currencies like the US dollar or Euro, there are over a hundred other currencies which are not as good as the ones I just mentioned
newbie
Activity: 83
Merit: 0
I think that the price of bitcoin will only fall, however it won't lose its value, at that time it is only an opportunity to buy more bitcoins and then wait for the increase in its price before redeeming it again.
sr. member
Activity: 574
Merit: 253
Anything may happen, including a bitcoin lose value once, if there is a better coin than bitcoin then I'm sure bitcoin will slowly be abandoned and eventually lose value.
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