Is it possible for the bitcoin to lose it's value ? - page 89.

EdenHazard

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Quote from: Cootie on July 26, 2017, 07:07:26 AM

I think this is possible if all means electronic communication lost or when the source of electrical supply is depleted completely, this is the time when bitcoin can't accessible anymore, meaning it lost its value

the effects will be bigger than you can imagine if something that used as a primary thing in ourlives disappeared/depleted. as long as people can still thinking , i guess there is nothing impossible to deal with, there is a way out for any problem faced.

i just simply think when people get disappointed and mostly lost interest in bitcoin , that time bitcoin will lose its value.

secdark

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Mostly it is possible if the internet all over the world is down and no one has access to their bitcoins and it is possible of there will be a big problem that occur to the bitcoin that the bitcoins algorithm that could stand. But before that there are possibilities that could bitcoin down but now lets just enjoy the exist of bitcoin and earn from it, thus we are thankful that the bitcoin is their so that we could earn money

Lampaster

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Russian is impossible to understand. Today they speak about a ban of bitcoin and tomorrow talking about its legalization. Bitcoin not banned in Russia. He also, as in all countries I live alone, and the government pretends not to notice it.

Slark

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Quote from: mindrust on June 14, 2017, 06:21:23 PM

Even if USA/China/Russia bans bitcoin tomorrow, that possibility is very unlikely to become reality. %80 loss or %99, the same principle always applies:

As far as I can tell bitcoin was briefly banned in Russia a while ago, it not only didn't stop Russians from using BTC but it boosted Bitcoin popularity instead.
Russia has history or failed legislations and they can't really enforce any kind of ban in reality. I doubt other countries could successfully ban Bitcoin too.
To stop bitcoin every single country in the world would need to put a global embargo on it, which won't happen, ever.

Cootie

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I think this is possible if all means electronic communication lost or when the source of electrical supply is depleted completely, this is the time when bitcoin can't accessible anymore, meaning it lost its value

Shiller2009

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Bitcoin can be devaluated like any other currency in case of loss of interest on the part of users. But in the next few years bitcoin is not threatened because he has prospects.

Dudeperfect

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Bitcoin has given extraordinary returns in the past (8 years so far) and it might not give the same results in the future thus we can safely say that it is the high risk, high returns type of investment and in the next few years Bitcoin might lose its value so it is recommended to hold the Bitcoins up to the extent which you can afford to lose. However, considering the potential of bitcoin and further scope of it, I don't see anything happening like this in at least next 10 years.

oegarod

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Anything could happen with bitcoin as well the other digital currencies that are available for trading needs. Value loss is common, and the value gets retained in a short making it more trustable. In the upcoming days too, the growth will increase though it get hard competence from potential coins.

Star_Bucks

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I think this may happen. Based on what I've heard way back 2013. Bitcoin's price go down to almost $1k which made the people of bitcoin sell their coin due to sudden unfortunate change. Those who hold their bitcoin still while it is recovering made their way to being abundant. Not only they've earn but they've instantly became millionare I think. So if this unfortunate event happens again. Be wise on thinking if you were to sell or hold. We don't know what might happen.

ngocbkcse

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It could happen, there are alot of concerns and bitcoin is not without challenges. It's a high risk high profit.

Basspsalmer

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It is possible for bitcoin to lose it value because it is also a currency. Even real money lose its value if it is not entertained by people. Also if bitcoin is crashed by a hack or virus it cam cause a big effect to its value. And other thing is that if there is other cryptocurrency that will rise and dominate bitcoin, possibly, it will lose its pride and value.

Yatsan

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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.

That us literally possible but not feasible because the bitcoin can only lose it's value if every holders and investors of the bitcoin sell their bitcoin which is not possible to happen because the bitcoin is getting more popular so many of the people now are getting bitcoin and the price of it is continue pumping.

Kersh768

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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.

I think the price or value of Bitcoin depends on the market's demand. So if the demand is low, it'll affect bitcoin community. The price might dip into its lowest just because the demand is also low. But if you are referring to a total loss on its value, I really can't tell, basing on its benefits to investors and miners. There are also more people that are being into crypto because it is mote accessible nowadays.

Wesimon

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A thing loses its value oncr it was never used. When people stop using it and leave it. Same goes with bitcoin, as you can see the people using bitcoins are increasing and their interest in bitcoin in getting deeper. As well as the big companies and investors even the govenrnment are showing interest on bitcoin. So now, how could bitcoin lose its value? It may but chances are so small.

Kidmat

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Bitcoin has been increasing its value as today even with downtrend and uptrend it still has a value. I think it will lose value if no one will use bitcoin but as today price may dump but it will not lose value. Bitcoin has been adopted globally even in any country its already legalized so I dont think it will lose value.

xYakult

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Lose it's value? No. May have lower value? Yes. May have higher value? Yes. Just like in stock exchange, it goes up and it goes down. But based on my observation of old and recent articles and publications about bitcoin, it will not have "zero" value" wherein it will be totally wiped out. You just need to accept the fact that there are times that bitcon's value goes down but eventually, it will go up. There's no specific time or date when will it go down or up but there will always be predictions regarding bitcoin's movement. As long as you'll hold your bitcoins for long term (5 to 10 years), and have a risk-taker attitude, you'll be fine.

Dimelord

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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 today's situation,it seems hardly impossible for bitcoin to become worthless.It has been legalized in japan and most countries are ready to legalize it including india.Mass adoption of bitcoins is taking place all over the world.Even transaction fee problem has been solved.So,bitcoin price would increase instead of falling down.

Cherylstar86

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Quote from: Taskford on June 15, 2017, 10:24:37 PM

Quote from: michietn94 on June 15, 2017, 12:12:42 PM

Bitcoin is high risk trading so when people decide to invest on bitcoin it means that you're ready for loss.
But the fact is bitcoin's value keep increase over 6-7 years so many people interest on bitcoin potential

Bitcoin doesn't lose totally its value but it will just lessen.
Like the real currency is always facing the inflation makes it devalued.
It's the supply and the demand of the market that we're always relying
Pumps and dumps will just in the corner so bitcoin will not stabilize.

It's commonly a normal scenario about bitcoin supply and demand really affects the price in the market, that's why we experienced several unpredictable changes in the market value. So pumps and dumps generally been executed by most of those weaker hands investors, or what we called quick sellers with instant ideas of dumping their btc assets. When those investors fall into panic selling that's the time btc value lose.

IamHigh

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Quote from: Taskford on June 15, 2017, 10:24:37 PM

Quote from: michietn94 on June 15, 2017, 12:12:42 PM

Bitcoin is high risk trading so when people decide to invest on bitcoin it means that you're ready for loss.
But the fact is bitcoin's value keep increase over 6-7 years so many people interest on bitcoin potential

Bitcoin doesn't lose totally its value but it will just lessen.
Like the real currency is always facing the inflation makes it devalued.
It's the supply and the demand of the market that we're always relying
Pumps and dumps will just in the corner so bitcoin will not stabilize.

Everybody is stopped and waiting for the solution of the bitcoin upgrade process. The demand is still high and newcomers are joining every day into bitcoin community. These improvements won't let a fall in bitcoin.

Taskford

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Quote from: michietn94 on June 15, 2017, 12:12:42 PM

Bitcoin is high risk trading so when people decide to invest on bitcoin it means that you're ready for loss.
But the fact is bitcoin's value keep increase over 6-7 years so many people interest on bitcoin potential

Bitcoin doesn't lose totally its value but it will just lessen.
Like the real currency is always facing the inflation makes it devalued.
It's the supply and the demand of the market that we're always relying
Pumps and dumps will just in the corner so bitcoin will not stabilize.

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