What catastrophic event do you think would cause Bitcoin to drop? - page 2.

Febo

legendary

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Quote from: isabella01 on May 18, 2017, 04:54:00 AM

Theoretically speaking of course...for example, the appointing of a new president, a massive war, something in the economic and financial technology sector etc.

Reasons for biggest market drops are always fear. Dow Jones fall most when Russians launched Sputnik, first satellite. Shareholders were feared of what it is and of USSR technologically and economic dominance.

Viper1

sr. member

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"catastrophic event"? Don't know if it would be considered "catastrophic", but given the state of the block size debate, a hard fork is a possibility as the sides take it to the next level with an all out war. That would bring about chaos and the price would drop way down and probably stay down for awhile.

Triload

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Quote from: andrew2k on May 18, 2017, 05:06:15 AM

A catastrophic event for Bitcoin would be the cracking of SHA-256 or the discovery of a major flaw in Bitcoin's code. Another event that could make people dump a lot would be the hacking of a major exchange such as Polo and Bittrex.

Yeah, exchange issue may be the negative impact on bitcoin.

Ayers

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Leading Crypto Sports Betting & Casino Platform

Quote from: isabella01 on May 18, 2017, 04:54:00 AM

Theoretically speaking of course...for example, the appointing of a new president, a massive war, something in the economic and financial technology sector etc.

51% attack maybe? if they fork for bu and attack the other network which is the network that any exchange will run as the main Bitcoin, it can do some damage and make the value decrease a lot, i'm not sure how investors would feel or do about this, some of them maybe will buy again cheap coin thinking about abother possible increase? investors are greedy it's very hard to get rid of them lol

andrew2k

sr. member

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A catastrophic event for Bitcoin would be the cracking of SHA-256 or the discovery of a major flaw in Bitcoin's code. Another event that could make people dump a lot would be the hacking of a major exchange such as Polo and Bittrex.

isabella01

newbie

Activity: 45

Merit: 0

Theoretically speaking of course...for example, the appointing of a new president, a massive war, something in the economic and financial technology sector etc.

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