Topic: What do you think are the biggest threats to Bitcoin prices in next 12 months - page 2. (Read 1086 times)
September 01, 2017, 02:23:36 AM
Governments making laws that forbid Bitcoin. Also if the community ends up so divided that no good decisions are made. Bitcoin needs to grow and if people in the development can't decide on what to do there will be chaos. If Bitcoin hits mainstream before Bitcoin is ready then people's faith in it could fall apart.
September 01, 2017, 02:20:44 AM
The biggest problem I see is the segwit2x situation.
When I look at the current numbers, there seems to be a support for segwit2x of over 90% of the miners at the moment. And big parts of the bitcoin industry too.
In case it really comes to a fork, what would be left of bitcoin?
And what coin would be called bitcoin?
When I look at the current numbers, there seems to be a support for segwit2x of over 90% of the miners at the moment. And big parts of the bitcoin industry too.
In case it really comes to a fork, what would be left of bitcoin?
And what coin would be called bitcoin?
September 01, 2017, 02:13:01 AM
The biggest external threat is from governments and various attacks on the infrastructure, such as spam transactions, forks, poor reporting.
As an internal risk, I see high transaction fees and duration.
As an internal risk, I see high transaction fees and duration.
September 01, 2017, 02:10:56 AM
What do you think are the biggest threats to Bitcoin prices in next 12 months
FUD.it has always been the only threat to bitcoin price. never in the past 8-9 years bitcoin had any issues to be wanting to go down in price (apart from the Mt Gox bubble). and never anything changed about it. bitcoin has always been the same good technology that has been being adopted and it has always been of the same scarcity.
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And more importantly when?
when the current ongoing rally ends or starts to slow down.probably around the time when the arguments over SegWit2x hard fork in December heats up.
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I subscribe to another financial site concerning house prices and the economy, a few of them have got cold feel over bitcoin,
those who have never been "warm" to bitcoin before its rise are not worthy enough to give opinion now. and it doesn't matter if they are "cold" or "warm" now. 
September 01, 2017, 02:03:45 AM
High fees. These always turn some people out of Bitcoin.
Do you mean when you initially buy them?, I feel the same way
Transferring bitcoins also because it has a high fees. Fees in bitcoins now a days is you can really feel it unlike before that you didnt notice that it have fees and also the delay of payments over it , it takes hours or days on others that makes other quiting bitcoins because it is not fast like before though on the other hand price is getting bigger. Fees will be one of the biggest threats in the future
September 01, 2017, 01:55:45 AM
High fees. These always turn some people out of Bitcoin.
Do you mean when you initially buy them?, I feel the same way
September 01, 2017, 01:44:44 AM
I think that right now, the biggest to the bitcoin prices in the next 12 months is the government. There are many countries trying to legalize bitcoin. But some of them are not doing it in the right way. And it can make bitcoin illegal. People will sell their bitcoin if the government make a rule which avoid people holding bitcoin
September 01, 2017, 01:17:17 AM
There are a lot of things that can hinder bitcoin adoption, or potentially cause serious harm. There is already a proposed 2x hardfork potentially going to happen soon (in my personal opinion is an attack), the 51% attack, exchange manipulation, exchange regulations, AML/KYC overreaching, FUD, countries banning bitcoin, bitcoin cash, hackers... There are always so many forces acting on bitcoin it is amazing it is still standing strong, I love it.
Yes, I agrees with you on that things mate, even there's so many attempted to turn down bitcoin, but still up to now bitcoin stand still and became more stronger. And what good about it the demand of the bitcoin users and whale investor was also supported bitcoin in times like this of bitcoin faces circumstances.
August 31, 2017, 11:21:13 PM
1) The possible hard fork in November
2) Hacking,Hackers etc who will only grow along with bitcoin's popularity
2) Hacking,Hackers etc who will only grow along with bitcoin's popularity
August 31, 2017, 09:12:06 PM
I think the biggest threat for the price of bitcoin in the next 12 month is the network itself, if the network will not become fast and reliable than the other network of the altcoins then it will affect the price and also the fees per transaction, because of the high fees most of the users of bitcoin just transfer to altcoin and it is a huge threat because if the fee will continue to go up then the price will go down because of the decrease on the demand of using bitcoin.
The great exodus from Bitcoin to alts is almost impossible in my opinion, for several reasons. Bitcoin has the highest amount of PoW, meaning it's very unlikely to fall victim of double-spending, it has the best security features, and it has been tested by millions of people during 8 years. Alts can't offer anything of that - this means that they are more riskier, and people won't trust them to store and move big amounts of value. Bitcoin is valuable because it's extremely secure and resilient, and this is why people are willing to pay high fees. Whales perfectly understand the technology of cryptocurrencies, and this is why they are not buying any of those "awesome" coins that scale better than Bitcoin.
August 31, 2017, 08:39:08 PM
I think the biggest threat for the price of bitcoin in the next 12 month is the network itself, if the network will not become fast and reliable than the other network of the altcoins then it will affect the price and also the fees per transaction, because of the high fees most of the users of bitcoin just transfer to altcoin and it is a huge threat because if the fee will continue to go up then the price will go down because of the decrease on the demand of using bitcoin.
August 31, 2017, 08:04:50 PM
The biggest threat BY FAR is the scalability issue... In order to grow further and further, bitcoin cant be capped at 3tx/s... VISA is doing 50k/s... we need a solution QUICK!
Aren't we getting one right now? It's called Segwit and Lightning Network.or if you are into the bigger blocks yada yada, maybe you should be using Bitcoin Cash, since Core doesn't seems to be looking for a block size upgrade anytime soon.
August 31, 2017, 07:34:06 PM
High fees. These always turn some people out of Bitcoin.
August 31, 2017, 05:24:33 PM
The biggest threat BY FAR is the scalability issue... In order to grow further and further, bitcoin cant be capped at 3tx/s... VISA is doing 50k/s... we need a solution QUICK!
August 31, 2017, 05:23:30 PM
The biggest threat would be if governments start passing laws that prevent banks from passing fiat into exchanges. If Bitcoin became a threat to the US dollar, I could really see us passing a law that prevents operations like Coinbase form converting fiat to Bitcoin. At an extreme, the only way to get bitcoin would be to either mine it or a person-to-person exchange.
August 31, 2017, 05:20:14 PM
if I think the biggest threats in bitcoin are the hackers who could one day become a virus in the crypto world.
August 31, 2017, 05:18:35 PM
And more importantly when?
I subscribe to another financial site concerning house prices and the economy, a few of them have got cold feel over bitcoin, not me I might add
I subscribe to another financial site concerning house prices and the economy, a few of them have got cold feel over bitcoin, not me I might add
First, this topic must be in the Speculation thread, I think. Bitcoin is being threatened by other digital currencies, I know there are a lot of reasons why it won't but I think because of it the bitcoin will be having a part where it is weak but still, it is at the peak but not that steong unlike now.
August 31, 2017, 05:08:17 PM
I think the biggest threat is the policy of the government in any country. Because in some country their government is starting to impose new regulations to crypto currency. These regulations good or bad, may or may not drove investor away from crypto currency market. Having a worried investor in crypto currency will somehow affect the price of bitcoin.
August 31, 2017, 04:35:03 PM
Am of the believe that media propaganda can have both positive impact on the market value of Bitcoin while the same could course negative effects on market value of Bitcoin. I believe as a result of high demand for Bitcoin has led to its increase in the market value in recent time.
August 31, 2017, 04:10:34 PM
Scaling discussions... Especially regarding SegWit2x and LN. Don't really see any other "forecastable" reason.
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