Bitcoin Forum

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 :)

As i've read from people's opinions in these forum, there is not really any determining factors that could tell the rising and falling of bitcoin value. The word's economy has nothing to do with it even. But through the years we can see that bitcoin is still standing and making it's fame amidst the existence of all other cryprocurrencies.

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.

Scaling discussions... Especially regarding SegWit2x and LN. Don't really see any other "forecastable" reason.

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.

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.

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.

if I think the biggest threats in bitcoin are the hackers who could one day become a virus in the crypto world.

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.

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!

High fees. These always turn some people out of Bitcoin.

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.

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.

1) The possible hard fork in November
2) Hacking,Hackers etc who will only grow along with bitcoin's popularity

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.

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

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

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.

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.

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.

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.

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?

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.

As we can see bitcoin is growing and growing up, in the last time
More people are interested to bitcoin and digital currencies
I think that the price of bitcoin and alternative coins, can only grow up in next 12 months and in the future time

The biggest threats from my perspective:

a.) Quantum computing

b.) Governmental decisions

c.) World War

All the best

B.D.

I would say none, not at least in the next 12 months. Nobody is noble enough to kill their own profit for the longer journey at least for now. No FUD, Segwitx2 or alternate coins is going to be a threat to BTC in the next 12 months but anything beyond that is very hard to say.

The biggest threat will be the hardfork, as we can see last August we witnessed the born of BitcoinCash and because of that problem the Bitcoin price is falling down, luckily there were still a lot of Bitcoin supporters so Bitcoin can recover, but this kind of problem had made investors afraid to put their money and traders also hesitate to made a move

I don't see any threats to bitcoin, because bitcoin faces several circumstances before and last was BCC/BCH but look what happen, instead the value will get down which most of the community felt fear about what will happen on August 1, 2017 but bitcoin goes up at that moment at the first week of August. Just stay and calm then still have Faith in bitcoin as well too.

Some people are crying that bitcoin cash is a threat, but I really don't feel it is, I feel it shall disappear soon, then there is a threat of government that's always been there and will always be there, many countries are yet to accept some yet consider it illegal and way for terrorists, other than that the usual if any more forks take place, or suddenly miners go berserk and increase fees, however considering recent trends and prices I don't see any issue, if you have coins I would say keep them locked away for huge profits.

It's kind of weird that I used to think that this would be pretty much the key things that would cause Bitcoin to go lower in price yet I think that it would all help Bitcoin.

-Quantum Computing will help with the mining of Bitcoin

-Governmental decisions will increase the price of Bitcoin

-World War will help increase the price of Bitcoin because there will be much less people to spend Bitcoin

I think the largest threat that Bitcoin has right now is a large group of people making Altcoins tied to a hard fork that allows Bitcoin airdrops to happen so people can dump that altcoin on Bitcoin holders so they can get more BTC.

If there's anything that the hard fork did to bitcoin, it was giving the masses enough confidence to continue on investing since it overcame the potential crash due to the split. I myself expected that after the fork, we would be seeing a big fat crash on the side of bitcoin but it didn't.


We are far from perfecting quantum computing, let alone taking it to perform complex computations to the sole purpose of cracking bitcoin.


Another Chinese drama? We've had enough of it in 2014-2015 and seriously, it hasn't affected the price in any way.


Possible, but from my perspective this is yet another Cold War happening right now to just show who has the biggest dick of 'em all.

i don't think that government laws or any thing will be more effected to it like any one else. i think the main threat is other crypto and its transection time and transaction fees. there are a lot of people who are worring about its transAction fee.
which is not suitable for them and if any currency will be able make no transAction fee rule like "IOTA" and start developing than definatetly it will effect its price and users.

the biggest threat to bitcoin is always going to be its users in my opinion.

bitcoin is decentralized and the burden of supporting it and keeping it strong and alive will always be on the shoulders of every single user that is involved with bitcoin. some more than others. for example the miners and those with a full node have a bigger influence than someone with an SPV wallet and a small sum of bitcoin.

if people educate themselves and stay aware of everything that is going on with bitcoin, there is nothing in the whole world that can threaten bitcoin.

The price of bitcoin has been speculating almost on daily basis and with the look, its biggest threat will be from the government. Immediately the government takes over bitcoin, it will affect the miners and traders which might lead to a down fall of bitcoin in future.

Transaction Time is BTC biggest threat, not fast enough for micro payments

No one can take down the mother of crypto currencies. Let them put as many hurdle as haters can in the way of bitcoins and let them learn a lesson for lifetime when BTC will crush all these freaky little jerks beneath its feet. Never ever underestimate Bitcoins and its community!
Sorry! Got a little bit overemotional

LOL. Well, my friend I appreciate your honesty and commitment to Bitcoin, but you should never say never. It is possible a new coin could overtake Bitcoin, just like Facebook did to MySpace!

Overtaking bitcoin is very possible but as long as the development of bitcoin is still good and there is still a lot of people who are using bitcoin then there is no reason for bitcoin to be taken over. Bitcoin is the best cryptocurrency as of now and i believe that after 12 months there is still a chance for bitcoin to stay at the highest rank.

I think there are not exactly any serious threats to bitcoin prices. Not only in the coming year but for all the future, because bitcoin is going very fast. Why it is growing, just because the people have faith in it and they trust bitcoin. That’s shy hundreds of thousands people have mined bitcoin and are holding it. They have invested a huge amount. So if they felt that there is any threat, they will alreadysold their bitcoin.

And what about banks and bankers? Don't you see them as a foreseeable threat?

I guess institutions / market makers are way bigger threat then hackers. As always they are.

I don't see any big threat that can bring bitcoin down, the hardfork happened and yet after few moments bitcoin stand tall again without dropping from the throne, the government wont be able to stop all of the users and the users always got a way to support bitcoin, world war maybe can bring down bitcoin but not all country is joining the war and the chances to happened is low

Chances would really be slim which we are really pressumed that this thing is somehow impossible to happen.Bitcoin wont easily die as long the community do support it, no matter how government would ban it there would be still supporters of it which it cant really easily for bitcoin to die.Biggest threats? I cant see one but the thing here would be involved is mainly on our government but doesnt matter at all because bitcoin would remain still.