Since bitcoin is not stable there are possibility that there is a chance that the price can be fall the price of bitcoin is always depends on the demand and supply.That's why the price today is high because bitcoin is growing everyday and some country are accepting it locally. If you heard about japan that bitcoin was legal in their country its really a big help to push the price at this level ($2,000+) so if you analyze the value for now from last year and today we will see the large movement of the price compare to the last year except to 2013 when the price was hit $1,000.
If there's a disaster coming that can destroy the whole block chain or hack the whole bitcoin program that can affect the value of bitcoin or if many exchange site are down and turn into scam it can be a big effect in the value of bitcoin.
So if you are afraid of investing your money in bitcoin better to try some work like marketing online or offer some service that accepting bitcoin then scaling up in trading. and save your bitcoin for a long time and make a profit..
Topic: Is it possible for the bitcoin to lose it's value ? - page 92. (Read 35101 times)
Cryptocurrencies capitalization is more than $100 bln.
Bitcoin can not crash because a lot of money was invested in it and it brings a great value.
Bitcoin can not crash because a lot of money was invested in it and it brings a great value.
Guys thank you for the answers , but I'm not reffering to the 10-20 % spike in value , I mean like a complete downfall , lets say for it's price to go down to something like a few $.
That will never happen. (If you are talking about 5-10$ lvl)
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:
If you won't be able to deal with the pain of holding bitcoins for long years, only hold the amount you can afford to lose.
Diversification is your friend. Less % in more risky assets, More % in less risky ones.
Guys thank you for the answers , but I'm not reffering to the 10-20 % spike in value , I mean like a complete downfall , lets say for it's price to go down to something like a few $.
yes bitcoin may go down below $2000 but look it at positive don't sell but buy more and I think bitcoins will stay in market for atleast next 10 years as it is currently the primary crypto currency. Bitcoin can lose it's value in future but it will take years to fully replace bitcoins. Bitcoin is in the market since 2008, survived many attacks and accepted by many countries so I think it will be available for many years to come and hard to lose it's value anytime soon.
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.Sorry if my post is in the wrong place or it's not relevant.
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.
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.
Sorry if my post is in the wrong place or it's not relevant.
Bitcoin lost %80 of its value after the GoX crash in late 2013. People panic sold their coins in despair. The price fell from over 1k$ to as low as 200$ in time. The recovery took very long time but those who hold their coins won the jackpot. Even the top buyers made at east %100 profits since then.
Can bitcoin lose its value? Yes. Only for a time.
In the long run, there will be a recovery as always.
The Solution: If you won't be able to deal with the pain of holding bitcoins for long years, only hold the amount you can afford to lose.
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.
Sorry if my post is in the wrong place or it's not relevant.
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