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Topic: What could go wrong with Bitcoin? - page 4. (Read 1383 times)

full member
Activity: 196
Merit: 109
October 16, 2017, 05:50:45 AM
#2
Hi (funny username Smiley)
You are a smart man if you accumulated BTC since 2013, I wish I did.
IMO the worst that could happen is that all the countries in the world decide that Bitcoin is illegal. This is very unlikely IMO but it would make the price crash. Bitcoin would'nt disappear in such a scenario, but the value of it would return to what it was long time ago.
For me this is the highest risk.
Personal risks for you is to be hacked, of course, but you probably know how to make your bitcoins safe.
newbie
Activity: 11
Merit: 0
October 16, 2017, 05:33:31 AM
#1
I'm now 21, and I have about 99.9% of my wealth in Bitcoin, I started to accumulate since 2013 till today, almost going to buy every time there's a dip (consolidation).

Many people have same goal/dream like me, hoping that Bitcoin will grant them earlier retirement or luxury life, but what could go wrong?

What's the possible scenario that could render Bitcoin into worthless, and what're the probabilities of that happening?

Don't get me wrong, I love Bitcoin, and I like how it makes us able to afford luxurious stuff, but I also wanted to be mentally prepared for the worst possible scenario.
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