Is it possible for the bitcoin to lose it's value ? - page 75.

MintCondition

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Quote from: agentx44 on August 23, 2017, 01:18:53 PM

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.

Well in my own opinion there is a chance that bitcoin can really lose it's value if no one would like to use bitcoin anymore as a source of income or maybe if the government started to shutdown bitcoin. Bitcoins price is very unpredictable that's why we cannot say if it's price will fall or it will increase.

It will be hard for governments to shut it down since there are vpns that can be used to access it besides btc have lot's of convenience to it's user . It may lose it's value only if we find a better replacement in the future that can perform better than btc.

agentx44

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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.

Well in my own opinion there is a chance that bitcoin can really lose it's value if no one would like to use bitcoin anymore as a source of income or maybe if the government started to shutdown bitcoin. Bitcoins price is very unpredictable that's why we cannot say if it's price will fall or it will increase.

passwordnow

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Quote from: Sled on August 23, 2017, 03:27:20 AM

Quote from: passwordnow on August 23, 2017, 03:21:37 AM

Quote from: molsewid on August 22, 2017, 07:31:00 PM

Maybe yes and Maybe no there are times that bitcoin may fall but since we are in new technology that runs our world and bitcoins will be change our economy then bitcoin will never lose its value even if wer are going the new generation there's no such thing or any reason for the bitcoin to lose its value untill no one uses it.

As technology is upgrading there's a chance that bitcoin can lose a little bit of it's value but I don't believe that it will completely lose it's value. I have a hint, that the biggest person, CEO's of IT companies are even predicting that bitcoin can be a big blast for the next years to come. I guess they have a plan to pump bitcoin.

Bitcoin will not completely lose its value because it will continue to improve and get some good developments and that will make the price pump and i don't think that CEO of IT companies will pump bitcoin because they are just speculating and i believe on what they think because i am comfortable that bitcoin will touch $5,000 price in the next year.

That's just a guess coming from me. Just like others said that aol has been forgotten and there's a new trend. Friendster has been forgotten because of facebook, so there's always a phasing and upgrade in terms of technology and bitcoin isn't too far from it that's why I guess the same scenario can possibly happen.

farwellbit

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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.

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Quote from: pinkpanther03 on August 23, 2017, 05:45:09 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.

Everything is possible nowadays, Now regarding to your question that is possible, if all bitcoin users and bitcoin community will no longer use bitcoin. For sure bitcoin value's will fall and drop into zero. But, for what is happening now I think bitcoin awill not go to that scenario instead, it will go up more and more until it reach 10,000$ this year.

If we do assume on the worst cases on what would happen to bitcoin then its really possible since nothing on this world would really remain its spot and all do have its end and if there are not users of bitcoin price would really fall to zero and im sure there would be new coins that which do people do engage with. This is the risk on engaging on cryptos but as of now we should cherish or be wise to go with the flow in order to make money with it.

pinkpanther03

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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.

Everything is possible nowadays, Now regarding to your question that is possible, if all bitcoin users and bitcoin community will no longer use bitcoin. For sure bitcoin value's will fall and drop into zero. But, for what is happening now I think bitcoin awill not go to that scenario instead, it will go up more and more until it reach 10,000$ this year.

traderethereum

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bitcoin could be lose its value as everything is possible in internet but many people which have bitcoin don't want this is happen and i think the dev and the team will work the best that they can to avoid this. people only want that bitcoin will be stay at on top and the price will increase more and the other people which is not in bitcoin world will see the value of bitcoin.

Sled

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Quote from: passwordnow on August 23, 2017, 03:21:37 AM

Quote from: molsewid on August 22, 2017, 07:31:00 PM

Maybe yes and Maybe no there are times that bitcoin may fall but since we are in new technology that runs our world and bitcoins will be change our economy then bitcoin will never lose its value even if wer are going the new generation there's no such thing or any reason for the bitcoin to lose its value untill no one uses it.

As technology is upgrading there's a chance that bitcoin can lose a little bit of it's value but I don't believe that it will completely lose it's value. I have a hint, that the biggest person, CEO's of IT companies are even predicting that bitcoin can be a big blast for the next years to come. I guess they have a plan to pump bitcoin.

Bitcoin will not completely lose its value because it will continue to improve and get some good developments and that will make the price pump and i don't think that CEO of IT companies will pump bitcoin because they are just speculating and i believe on what they think because i am comfortable that bitcoin will touch $5,000 price in the next year.

passwordnow

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Quote from: molsewid on August 22, 2017, 07:31:00 PM

Maybe yes and Maybe no there are times that bitcoin may fall but since we are in new technology that runs our world and bitcoins will be change our economy then bitcoin will never lose its value even if wer are going the new generation there's no such thing or any reason for the bitcoin to lose its value untill no one uses it.

As technology is upgrading there's a chance that bitcoin can lose a little bit of it's value but I don't believe that it will completely lose it's value. I have a hint, that the biggest person, CEO's of IT companies are even predicting that bitcoin can be a big blast for the next years to come. I guess they have a plan to pump bitcoin.

TolegRus

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We have 1-3 year of bullish trend, I suppose.
So keep calm Roll Eyes

aysg76

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Well it is highly unstable which makes it quite unpredictable but I don't expect bitcoin to lose its value even in future as till the date it's quite popular among people and its demand in constantly increasing. The only cause what I feel would decrease its value is it's replacement by some another powerful and popular crypto...

mlarry777

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I believe bitcoin could lose its value to another "better idea" coin. The first to start does not always finish first... AOL
I also believe the only thing that can stop it is an EMP attack. Of course then we have bigger problems.

Finestream

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Quote from: angaper on August 22, 2017, 07:13:17 PM

Quote from: zoom_rich on August 22, 2017, 06:25:59 PM

Sure it's possible, just like it's possible that the internet would go down due to a huge asteroid hitting the Earth and millions of people dying, and nations destroyed. In that sense, yes.

I do not think that such a catastrophic scenario is necessary for bitcoin to lose its value. Before that event can happen many other vicissitudes that could affect the value of bitcoin.

For me the next threat will be the development of much more advanced technologies that could make bitcoin look old and unreliable, as well as the permanent threat of big capital, turning its back on bitcoin to look for new emerging opportunities.

Until there is no better system than bitcoin, we don't see any threat yet, in fact bitcoin is just starting to grow its value and we haven't seen yet a massive adoption which will happen soon in the future. Right now, I will focus more on saving bitcoin because I believe it's the best investment of my life that I should not disregard, if only I could divest my other investment and invest in bitcoin then I will gladly do it, but the problem is I don't solely own my other investment so I just have to stick with what I can put with bitcoin now.

molsewid

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Maybe yes and Maybe no there are times that bitcoin may fall but since we are in new technology that runs our world and bitcoins will be change our economy then bitcoin will never lose its value even if wer are going the new generation there's no such thing or any reason for the bitcoin to lose its value untill no one uses it.

angaper

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Quote from: zoom_rich on August 22, 2017, 06:25:59 PM

Sure it's possible, just like it's possible that the internet would go down due to a huge asteroid hitting the Earth and millions of people dying, and nations destroyed. In that sense, yes.

I do not think that such a catastrophic scenario is necessary for bitcoin to lose its value. Before that event can happen many other vicissitudes that could affect the value of bitcoin.

For me the next threat will be the development of much more advanced technologies that could make bitcoin look old and unreliable, as well as the permanent threat of big capital, turning its back on bitcoin to look for new emerging opportunities.

bitllionaire

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Quote from: BlackLiSS on August 22, 2017, 03:09:47 PM

In the near future, no.
That this happened is necessary for everyone to sell their coins in a short time, but this can not be.
If only the United States does not prohibit bitcoin and does not impose sanctions against bitcoin Grin

although everything is possible but that is right the in near future we are not expecting that anything like that can be possible, i think bitcoin still too much good because the interest of the people about bitcoin is still increasing which is also making bitcoin more stronger so bitcoin will remain as the strongest currency of the crypto world.

zoom_rich

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Sure it's possible, just like it's possible that the internet would go down due to a huge asteroid hitting the Earth and millions of people dying, and nations destroyed. In that sense, yes.

bncbnc

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Quote from: RajaJudi on August 22, 2017, 02:00:48 PM

The market is now very big and there are thousands of coins out there. SOme of them are even greater than bitcoin. They have advance, technology, smart contracts, fast transactions, etc. The only thing that bitcoin has is that it is the first crypocurrency. in the future, bitcoin will no longer be number one and it will surely lose its value

but in current position I do not think that there is a single currency whih is more big and sronger than bitcoin. in fact bitcoin is becoming stronger and strong from time to time because of the interst of the people and not a single altcoin can compete with bitcoin.

UsernameBitcoin

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Of course! Anything is always possible. Bitcoin could lose its value if something extreme happens like government shuts down all the exchanges or something like that.

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Quote from: suryana on August 22, 2017, 12:48:15 PM

Quote from: naira on August 22, 2017, 10:20:25 AM

Do not think about the future, which is important today. We do not know how long the bitcoin will live. Bitcoin only grows and becomes popular every day so we can only expect growth from it.

Not agree with you. What i'm working on and try on bitcoin today is in the hope of having a better future from hard work in bitcoin. Bitcoin grow also popular because has users. Without users, there will be no growth. Bitcoin will not lose value, we are optimistic bitcoin become more valuable later.

This is how bitcoin works, but if there is more people using bitcoin then there is more demand. If the shops or stores start accepting bitcoin, then its gonna happen the same, more people are gonna start using btc/more demand.
And all this means more value. At the moment a lot of stores are starting to accept bitcoin, so all that story is happening.

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