Topic: Which is the most likely to happen first? - page 3. (Read 1157 times)

you could have added more options, days ago I read some news that said that certain banks were closing exchange accounts " Bulgarian Banks Block Accounts of Crypto Exchanges ", answering your question, most likely to occur is a ban on government, every day I see in the news about this subject, there is russia that is campaigning against bitcoin and now the south korea looks like it is going the same way
" South Korea Preparing Full Crypto Exchange ‘Ban’ - Local Press "


We need this, especially many exchange need to have physical office and a phone number for the support

In my opinion nothing will happen to bitcoin because bitcoin is now meatier in market and it has almost nine years in market in this time bitcoin have faced a lot of fork and difficulties and I’m sure that now it’s very hard to beat bitcoin because there is very big support to bitcoin by rich countries and they are also helping bitcoin to stay with high price and bitcoin by it self is now very strong and now how to handle the situation at that time.

I honestly can't for the life of me imagine how the blockchain would be hacked, other than a 51% attack or whatever it is called; I suppose double-spending can be seen as a flaw, but that was more on the implementation into a market/commerce settings being uninformed and naive. I think there are some people worried about the SegWit implementation because I think that introduces some new security flaws to the blockchain, we shall see.

Government bans would just increase the price IMO, when your government tells you that you can't have bitcoin... That's when it's really time to get some bitcoin.

Exchange hacks have happened in the past and destroyed the price of bitcoin few a little while if I remember right. MtGox had a really bad attack that chunked the price of bitcoin at the time because most transactions on the bitcoin network were associated with MtGox at the time. Er go, my vote is on Exchange attacks, because they've happened before and I wouldn't put it past an exchange to try to make a quicker buck at the cost of their security, being ignorant to what bitcoins capabilities and limitations actually are and only being concerned with how much fiat they can make day-trading.

Anything can happen or Nothing could be happen.

Block-chain Hack
First of all we have to understand that Block-chain stores information across a network which is now global, Block-chain network is not limited to one server or one person or one company, Its global network of personal computers which distributes the information decentralizing the network. In a decentralized way, I believe in today's count there are Hundreds of thousands computers that try to update the accounts that records every transaction which is adding the block of transactions to the chains each and every computers in the network maintaining the account solves a math problem A hash is a simple way to represent a large amount of data in a compact and unique way. The bitcoin uses a hashing algorithm to produce a number in hexadecimal format. The algorithm used by bitcoin is SHA-256 which produces a 256 bit long number in hexadecimal format. created by the cryptographic hash function which takes input of any size and creates an output of the fixed size. What makes Blockchain hack proof and hard to corrupt the network,  Each block has a time-stamp and each block has a link to the previous block forming a chronological chain reinforced through cryptography ensuring that the records cannot be altered by others. Due to the transactions needing multiple parties’ authorization before acceptance, Blockchain has a high degree of trust value. Ref: Blockchain Wiki- A blockchain facilitates secure online transactions. A blockchain is a decentralized and distributed digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network.

Government Ban
As a decentralize coin there will be slight effect with Government Ban but not completely, There are several country supporting Bitcoin and Bitcoin is supporting to there taxes and revenue so few country in the list will never impact and those few will also understand one day they can't stand without legalizing Bitcoin that day Bitcoin will succeed Globally. 
It is legal to use bitcoin in the United States, and payments are subject to the same taxes and reporting requirements as any other currency. There is no physical bitcoin currency the way there is a dollar, euro or pound.

Major Exchange Hack
There are several Exchange Hack, My suggestion with Exchange Trader is Only Hold that amount of Bitcoin or Alt Coin which you can loose, There will be slight effect with Exchange hack but it willrecover in timely manner.

I concur. The first choice is quiet stupid to be put there. It's like common sense that 2 & 3 are the probable ones. Here's my thought with 2, I think by due time government will came to know that BTC is like fiat where it can be used as good or bad. It only takes a proper regulation and stricter KYC. For 3, yep. It happened and it might happen again.

I don't think the above three reasons will make the price of bitcoin crumble. There was a message in the previous period that you didn't know if you had noticed that the quantum computer could crack the bitcoin algorithm. My view is that one day there will be a new technology to replace bitcoin. Then, now the money to enter bitcoin must be flocking.

I choose the third one because its more privately own and have high possibility to be targeted by those hackers who hate greedy and oppression, if there is one. I can’t name one because I’m not familiar in every major exchanges but I’m sure there is one. Those two, blockchain hack won’t be a good thing for ordinary citizens and most hackers are not into destroying that. Government also are looking on popularity and that make them hesitate to go against it.

the funny thing about start of a drop is that it doesn't even have to be a big news like the things in your poll. it sometimes doesn't even have to have anything to do with bitcoin for the drop to begin! it is all in the FUD and how many newbies aka weak hands are in the market at that particular time and how high the price has gone in the current rally.

the last time i laughed my ass off was when China banned ICOs and the FUD started coming out saying bitcoin was banned and price dropped! then about a month later then closed exchanges and not much happened to price...

right now the FOMO needs to end and rise has to simply slow down, and a simple "bitcoin is bubble" FUD can cause the panic sell and a big drop.

There is one living on this planet that could hack bitcoin's price since it is decentralized, even though I know that there is a lot of people who wanted to do that, but they just can't. The Government might want to ban it because they thought that bitcoin is so risky for the people to risk their money on it and so on, they are all wrong, because bitcoin is more better than that.

If you are asking this question regarding the possibility of the price fall then I don't think any of them is suitable for the possibility that I think. I am expecting the slow exit of the institutional investors and at a certain point, there will be a panic selling wave in the market and it will bring down the price of it. It is unclear that what are the intentions of those investors pouring capital day by day but they won't keep it in Bitcoin during the falling market in my opinion.

Government ban is the most likely to happen first. As the bitcoin price soar the government may attempt to ban bitcoin.

among the three options, which are most likely to affect the decrease of bitcoin are Government Ban and Major exchange hack. the issue of ICO banned by China a few months ago is enough to affect the price of bitcoin, but it is not long because now the bitcoin price rose very high. while for a major exchange hack, it can definitely affect the price of bitcoin, in which some people will lose their BTC.

i think the only way to make bitcoin price drop is the goverment ban the bitcoin exchange. especially in big user country like china was. when the china goverment ban bitcoin the price go down to the ice age price.

I don't think it would be any of those three above, but if I had to chose of those three specifically, the most probably one would be the government ban. Fall of big exchange is possible as well, as we've seen a few in the past and one recently. But definitely the government ban due to high price and simple basically no regulations, just imagine the amount of tax that can be avoided with the current price ($17k on blockchain.info).

Blockchain hack, very unlikely to happen, it is possible to do it but it requires such a tremendous amount of work that I doubt anyone is willing to even try it.
Goverment ban, already happening, there are some countries in Asia where Bitcoin is banned.
Major Exchange Hack, it could happen in the future, and the community already went through a couple of major exchange "hacks" like Mt.Gox back in 2014 and Bitfinex in 2016. Seems to happen every 2 years, huh? so...

In my own opinion,  the most likely to happen first is the major exchange hack, because this is not possible to happen, all hacker wants to gets money from this annonymous features,  so they cannot track if they do.  And the second one is the government ban, most of the country since 2016 are getting involve and accepting this bitcoin but after a certain time (bitcoin price increase) other country are getting banned this bitcoin without publishing reasons, maybe they are afraid of loosing a massive capital currency if this bitcoin become bubble. And last is blockchain hack,  it is not possible that this blockchain got hacked, but i think its totally very hard to hack this blockchain algorithm, so for me there is no reason that this blockchain hack will be the most likely to happen first.

Blockchain hack: Most likely not in the near future, until we get quantum computing, then it's alot more possible than it is right now.
Government ban: There really is no clue for us to know if this is coming or not. Exchange bans are a lot more likely.
Major exchange hack: I really see this happening again(after Mt.Gox and Bitfinex) but again, we don't have any clue when. This is probably gonna cause a huge crash in price due to probably a good number of people still holding their coins on exchanges.

I think the most reliable answer is government ban bitcoin because its price.
If blockchain hack i think it will not happen but if wallet hack maybe is happen.

Blockchain Hack, this one is impossible unless you have 51% of the entire mining machines which no one knows how many machines there are, or impossible for you to have it.
Government Ban, this is the most possible thing to happen to stop bitcoin, specially if they ban bitcoin mining.
Major exhange hack, already happened in thew past but did not have that much effect. Not all people store their bitcoins in one exchange or even not all people are trading their bitcoin.

I do not see correlation with these options.
2 options of hacks, okay.
3rd option- government hack,why?