Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.
I think from now onwards it would be very hard to fall back to dark ages for bitcoin. With recent hard fork we experienced panic selling of bitcoin and exchanging with alts too. This led to dramatic drop in value of bitcoin to $1800 but not below that. It means even with the biggest panic scenario it did not go down below to three figures.
So as you stated here
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what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
may not really happen real soon. With the time devs are making advance moves in the blockchain technology and continuously upgrading the bugs. This will keep bitcoin held to greater values always. So it will take worst case scenario to make it fall like that, may be government implementing rules and regulations or may be world war for instance.