Topic: Will bitcoin get back to it's first time value? - page 7. (Read 2946 times)
It is imposible
With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?
There is high volatility surrounding all the cryptocoins, but with blockchain startups like Tenex, Alloy, Centra etc. coming up with Cards & technologies that bridge the gap between crypto & the real world - I believe the rates wont drop anytime soon.
Disclaimer: I represent ALLOY - ALLOY bridges the gap between Virtual currencies (Reward points, Game points & Crypto-currencies) and the Real world rewards by letting you convert all virtual points to Fiat cash and exiting out.
As of now, we see bitcoin as a continuously growing currency. such ban from a specific country, if it is real, will not affect the whole community. given that even bitcoin start from nothing from the day that it is created, we can still see and somehow predict that bitcoin may fluctuate but will stop.
Period, how many times we saw the same scenario. Will the BTC disappear , will segwit crash the BTC etc etc. NO btc everytime is coming back stronger, because no government or company can shunting it down!
There will be always some people looking for decentralized currency/solution, your privacy has more value than all the fancy tech.
It's like Microsoft VS GNU/Linux, you will always find people prefering the freedom of choice and so using product supporting the freedom ideology. The real people involved in Bitcoin will never care about a blockchain created by banks or others.
It's like Microsoft VS GNU/Linux, you will always find people prefering the freedom of choice and so using product supporting the freedom ideology. The real people involved in Bitcoin will never care about a blockchain created by banks or others.
I do not think it's possible that Bitcoin's value goes back to its first value, even though the Chinese government is currently heavily blocking in their country. while China is blocking, maybe bitcoin is developing in other countries.
Exactly that was impossible to happen, that bitcoin will be back on its first value. You are illusioning when you think that will happen. Look on the value of it to its value before and you can see that it was to far from each other. Even though china is blocking it that doesnt mean that it will return to its first value. China is just one country there are so many country in the world and I think they wont let that happen.
Though bitcoin's price is not stable now but it is quite impossible to get back it's price first time value because this currency already stabled. It is more popular and familiar coin. It has great future. So don't be panic for it.
Unlikely, though you did bring up a valid concern and its worth the possibility of extreme price volatility. The same concept as why a stock can be worthless would apply to bitcoin: when bitcoin has no further use and utility to anyone, and hence no value. I dont see that happening in the foreseeable future, through I do hope for the sake of the ecosystem that a crypto will progress and perhaps one day bitcoin will be obsolete. The good thing is that by then, most people would have seen the trend coming and it will be a gradual shift of wealth from one crypto to another, rather then a sudden plunge in bitcoin.
I don't believe that's going to happen. Simply because bitcoin is decentralized and no one can control it. Everything else created by countries or banks will be centralized for sure.
So no worry for bitcoin future.
So no worry for bitcoin future.
If you're worried because of your thinking of the bitcoins will revert to the previous price in 2010. It will not be the first to think because bitcoins will never reverse the previous price. Yes, there are falling prices that happen and that really affect us. But that will only be temporary and will not last long. You know why? Because it has spread and many people have put big money here.
So the china also did nothing to bury the ICOs. Because the market gradually rises and becomes normal again.
So the china also did nothing to bury the ICOs. Because the market gradually rises and becomes normal again.
I do not think it's possible that Bitcoin's value goes back to its first value, even though the Chinese government is currently heavily blocking in their country. while China is blocking, maybe bitcoin is developing in other countries.
The blockchain-based currencies are the future of economics and I don't think that Bitcoin will drop down so much, but the exchange rate cannot be predicted dues to the high volatility.
With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?
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