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Topic: Is it possible for the bitcoin to lose it's value ? - page 72. (Read 35101 times)

member
Activity: 98
Merit: 10
I think little chance because hugh number of people buy and sell every day,and all of them on that way form a price,he only may lose his value is people lost trust in bitcoin and  begin to use some other currency,im wrong maybe,but it's my opinion about this subject. Grin Grin
sr. member
Activity: 798
Merit: 250
I don't think that bitcoin can losing its value someday. Of course the price will still going up and down but people will still using and mining bitcoin because its having the highest price, its the most famous and simplest to use crypto currency.
hero member
Activity: 630
Merit: 500
Yes, I think it is possible for bitcoin to lose its value but only temporary. It will eventually gain back its value or greater than before. As you take the risk in joining bitcoin, there's a lot of instances and opportunities you will face and I think it is the benefit of using it. Maybe it will hit rock bottom but there's only way to escape from it: it will surely go up. It is risky but there's so many things that are great in bitcoin.
I do not agree with your perspective. Bitcoin can lose its value forever if it is not good anymore and people do not want to use. There are many altcoins out there and some of them are greater and better than bitcoin. Moreover, if the blockchain techonoly can not prove that it can make the world better, it will not be used anymore and bitcoin will be abandoned forever
i am not agree with you. i think still people are taking interest in bitcoin and that is the reason that bitcoin price still continue to increasing. i am hopeful that bitcoin will continue to become more and more popular, because still people are too much interested in bitcoin and hope that they will continue using bitcoin for a long long time, and therefore bitcoin will also continue survive for a long time.
sr. member
Activity: 1512
Merit: 316
i guess it is not possible as the bitcoin price today many of the traders still trades it, and we all know that many countries supporting this coin and no one will stop this bitcoin for sure, that's for sure.

Well as of now bitcoin is quite stable and after the 1st Aug event the price has picked up in one way direction of rising upwards only. Well if couple of more countries legalize the bitcoin in their country the price will rise. Unless if some major country ban it or a big exchange goes down then only price may falls else it does not seems so.
hero member
Activity: 1036
Merit: 500
Just the same way stocks lose value, bitcoin can also lose value but that value loss doesn’t seem to be in the nearest future because bitcoin is the new order of the day. Bitcoin is going to keep increasing and increasing till no man say.
humbly saying mates! But I am not agree with you ere because I am sure bitcoin is going to rock the floor of the stock market and the price and the Importance of the bitcoin is growing very fast and it is increasing the users of the bitcoin and more people are using bitcoin it makes bitcoin more popular so I think bitcoin is increasing the importance and the worth but not decreasing.
I do not think that bitcoin can lose its value completely.
I am sure there is a groupe of hardcore bitcoin fans who already got rich with bitcoin. They will support bitcoin, no matter what.
But they can only do that to a certain limit.
I think that bitcoin could fall in a really worst case scenario to a few hundred dollars, but not beyond it.
Yes, bitcoins are not going to lose values easily. They can be dumped by people only under special circumstances like when people lose internet connections, when crypto currencies are out of fashion etc. but we all know this is not going to take place so bitcoins will keep ruling out hearts.
Lol, only in dreams other currencies like minger eth, waves bla bla can surpass bitcoins. Bitcoins have thousands of time shown their real power and every time these shitty coins are unable to catch them or stop them. It is never going to happen that bitcoins will lose value. These are mere rumors.
full member
Activity: 424
Merit: 108
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.
Yes ofcourse. But cant predict that. We all know that bitcoin value is not stable right? It is possible to happen but i hope it will not. Because its my only sideline that i can earn easily.
full member
Activity: 322
Merit: 100
i guess it is not possible as the bitcoin price today many of the traders still trades it, and we all know that many countries supporting this coin and no one will stop this bitcoin for sure, that's for sure.
member
Activity: 126
Merit: 10
While I don't think that blockchain is a bubble, I am fairly certain that a correction is due for a lot of shitcoins in the next 1-2 years. At a least 30 % of the market is overvalued or simply superfluous. And to be fair, while Bitcoin may still continue to go up, I am fairly certain that its expiration date is already set in stone.
hero member
Activity: 1008
Merit: 537
Yes, I think it is possible for bitcoin to lose its value but only temporary. It will eventually gain back its value or greater than before. As you take the risk in joining bitcoin, there's a lot of instances and opportunities you will face and I think it is the benefit of using it. Maybe it will hit rock bottom but there's only way to escape from it: it will surely go up. It is risky but there's so many things that are great in bitcoin.
I do not agree with your perspective. Bitcoin can lose its value forever if it is not good anymore and people do not want to use. There are many altcoins out there and some of them are greater and better than bitcoin. Moreover, if the blockchain techonoly can not prove that it can make the world better, it will not be used anymore and bitcoin will be abandoned forever

Yes.I think this is Not a correct time to speak about this topic. Why because today price of bitcoin is around 4300$.In which, 300$ is greater than previous price. So I think you got answer now. You can close this thread now.You have a doubt means, you can  wait two more days .Then sell it.
full member
Activity: 218
Merit: 100
Yes, I think it is possible for bitcoin to lose its value but only temporary. It will eventually gain back its value or greater than before. As you take the risk in joining bitcoin, there's a lot of instances and opportunities you will face and I think it is the benefit of using it. Maybe it will hit rock bottom but there's only way to escape from it: it will surely go up. It is risky but there's so many things that are great in bitcoin.
I do not agree with your perspective. Bitcoin can lose its value forever if it is not good anymore and people do not want to use. There are many altcoins out there and some of them are greater and better than bitcoin. Moreover, if the blockchain techonoly can not prove that it can make the world better, it will not be used anymore and bitcoin will be abandoned forever
full member
Activity: 784
Merit: 123
It is the nature of bitcoin to loose the value many times. For your most recent experience you can see the hard fork days when bitcoin was splitting away. Theo rice dropped all the way down to 1700 something which was due to Panick selling of the situation. People converged everything to fiat currency and altcoins to save the money and in the want that they don't wanna loose the money due to split. However nothing like that happened but in the nutshell price dropped and cam up again.  Cheesy
Yes, is just a nature of bitcoin sometimes goes up and down. Even though we can't exactly predict what happen to bitcoin in the future but it is impossible that bitcoin will goes into the bottom just like happen before.
Bitcoin became a new generation in terms of currency, and most countries talk about this. And they making steps to be legalize and introduce it to the local community that why there is no chance that this digital currency will lose its value in the future.
Ctn
sr. member
Activity: 644
Merit: 259
It is the nature of bitcoin to loose the value many times. For your most recent experience you can see the hard fork days when bitcoin was splitting away. Theo rice dropped all the way down to 1700 something which was due to Panick selling of the situation. People converged everything to fiat currency and altcoins to save the money and in the want that they don't wanna loose the money due to split. However nothing like that happened but in the nutshell price dropped and cam up again.  Cheesy
newbie
Activity: 20
Merit: 0
nothing is impossible. but it would be very very difficult that bitcoin loose all its value. if miners stop mining bitcoin, people like us would abodon it.
full member
Activity: 308
Merit: 108
Yes, I think it is possible for bitcoin to lose its value but only temporary. It will eventually gain back its value or greater than before. As you take the risk in joining bitcoin, there's a lot of instances and opportunities you will face and I think it is the benefit of using it. Maybe it will hit rock bottom but there's only way to escape from it: it will surely go up. It is risky but there's so many things that are great in bitcoin.
sr. member
Activity: 714
Merit: 250
I think its hardly not possible for bitcoin to lose its value.The reason is that bitcoin is legalized in japan and it is soon to be legalized in india,south korea and australia.More countries are also discussing about legalizing it.Mass adoption of bitcoins is taking place all over the world.More people are knowing this wonderful technology day by day.Even investors of stock markets and gold have also turned their attention towards bitcoin.So,the demand seems only to increase and not decrease.

Yeah this now becoming a global phenomena as we see bitcoin's demand gaining it's popularity ever since after August 01 gathered much appreciation on how it became more stronger. The adoptions of some countries as legal usage took place is on of the biggest reasons why price now continually becomes more stable and even rising to the top. In that terms of losing it's value, I think is still possible but with minimal digits because bitcoin was still a volatile type of currency. Economy of digital currency must circulate it's usage in order to become stabilize and that's what we all dreamed of for now.
sr. member
Activity: 616
Merit: 252
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.

Everything is possible with bitcoin that's why losing its value would be possible because a lot has happen to bitcoin. As you can observe by its price, its fluctuating everyday even reaching up to $500 either ways but then if it goes down, it is still rising at the end of the day. Being more popular now, it is hard for us to imagine losing its value. Maybe if time will come when we will not use bitcoin anymore that it's price would eventually go down and lose its value but then seeing how countries are adopting and regulating made us believe that bitcoin will continue to exist for a long time.
hero member
Activity: 866
Merit: 1001
I think its hardly not possible for bitcoin to lose its value.The reason is that bitcoin is legalized in japan and it is soon to be legalized in india,south korea and australia.More countries are also discussing about legalizing it.Mass adoption of bitcoins is taking place all over the world.More people are knowing this wonderful technology day by day.Even investors of stock markets and gold have also turned their attention towards bitcoin.So,the demand seems only to increase and not decrease.
full member
Activity: 224
Merit: 100
If you look at bitcoin prices today of course you will not think bitcoin will lose its price .. you can not think if bitcoin price will continue to rise .. and many investors will invest bitcoin. Bitcoin will survive and continue to rise .. because this coin is very popular in all countries .. I think if you have the money .. quickly invest your money to bitcoin. that's my advice .. because bitcoin will not lose its value
hero member
Activity: 3052
Merit: 606
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.
There are no reasons that the bitcoin will lose it's value. I think the bitcoin will increase it's value because of the demand of the people. Many people are now getting interested to what is the bitcoin.
It all depends on the context of the drop, as other users have said, corrections are often a good thing for the market because it (mostly) prevents the market from forming into a bubble and turning the market into a large pump waiting to crash.

As for other kinds of drops, they're unlikely and currently in the minority of time spent in the market. The only major "collapse" of the value of Bitcoin occurred in 2015, nowadays it is a lot more secure with the value being higher and the demand having increased considerably, beyond where it was in 2015.
There is less chance only bitcoin will fail, we have witness how successful this year alone and gives the investors a lot of profit, I think the progress will continue so we should all understand that holding bitcoin is the best investment now. Personally I have a long term goal with bitcoin and I am proud to say that majority of my investment are in bitcoin.
legendary
Activity: 1218
Merit: 1007
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.
There are no reasons that the bitcoin will lose it's value. I think the bitcoin will increase it's value because of the demand of the people. Many people are now getting interested to what is the bitcoin.
It all depends on the context of the drop, as other users have said, corrections are often a good thing for the market because it (mostly) prevents the market from forming into a bubble and turning the market into a large pump waiting to crash.

As for other kinds of drops, they're unlikely and currently in the minority of time spent in the market. The only major "collapse" of the value of Bitcoin occurred in 2015, nowadays it is a lot more secure with the value being higher and the demand having increased considerably, beyond where it was in 2015.
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