Is it possible for the bitcoin to lose it's value ?

[blackhawkeye1912]

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.

Bitcoin lost %80 of its value after the GoX crash in late 2013. People panic sold their coins in despair. The price fell from over 1k$ to as low as 200$ in time. The recovery took very long time but those who hold their coins won the jackpot. Even the top buyers made at east %100 profits since then.

Can bitcoin lose its value? Yes. Only for a time.

In the long run, there will be a recovery as always.

The Solution: If you won't be able to deal with the pain of holding bitcoins for long years, only hold the amount you can afford to lose.

This was definitely the exactly answer to the questioned above, Maybe I will give some additional unto it.  I can say if there's a problem in every situation in terms of making money/bitcoin all of it has a chance to loss it but of course there is also a good solutions to resolve it like what you had mentioned as there is always a recovery of time.

[Nameless27]

It is possible but just for only one reason, there might be something new that comes up. There is a saying "there is no permanent things in this world except change itself". As technology emerge as will as the satisfaction of people for new and different things in every generations change is inevitable. But the question is when? It might be as long as your lifetime. So don't take negativity as of now for it might not help you in making decisions.

[sandrun]

Maybe bitcoin will lose its value if everyone sells all the bitcoin they have. It will make the bitcoin price going down. Bitcoin prices rely on supplay and demand ... maybe if sales are bigger then bitcoin prices will go down. Plus the government also prohibits the use of bitcoin in a country. Bitcoin wallet is closed. So all bitcoin transactions no longer exist. That will make the bitcoin value drop. But that's not possible

[holtzmann]

Everything is possible. The underlying blockchain mechanism works perfectly well and the growing demand in Bitcoin shows this. But it can still collapse some day. For example, all governments will forbid it, or simply the demand will fade away. Although my point of view is that possibility of such scenarios is extremely low. I’m pretty sure that none of this will happen. Still it is important to take into consideration every possible course of events.

[Proton2233]

Everything is possible. The underlying blockchain mechanism works perfectly well and the growing demand in Bitcoin shows this. But it can still collapse some day. For example, all governments will forbid it, or simply the demand will fade away. Although my point of view is that possibility of such scenarios is extremely low. I’m pretty sure that none of this will happen. Still it is important to take into consideration every possible course of events.

There are many different risk factors for bitcoin. If everyone is interested in his long life then you need to gradually deal with these factors. Unfortunately this is not happening. Perhaps SegWit this is the first step. Wait and see.

[Ajinomoto40]

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.

Yes there's a chance that Bitcoin's value will decreas its price as low as it was before. It will happen if the demand decreased. And if there's a new cryptocurrency that has more advantages than Bitcoin has, because all cryptocurrencies including Bitcoin, their value depends on the market's demand. If it won't be demanded by people, its price will be dumped. I highly doubt that it wipl happen especially at this moment.

[Kiweikoo]

Maybe bitcoin will lose its value if everyone sells all the bitcoin they have. It will make the bitcoin price going down. Bitcoin prices rely on supplay and demand ... maybe if sales are bigger then bitcoin prices will go down. Plus the government also prohibits the use of bitcoin in a country. Bitcoin wallet is closed. So all bitcoin transactions no longer exist. That will make the bitcoin value drop. But that's not possible

Absolutely, that is out of question that people will start dumping bitcoins. Since they are decentralized, I do not think so governments will be able to ban bitcoins besides they are aware of the fact that people are crazy for bitcoins, governments will try to figure out methods via which they can control bitcoins.

[AlexSimion]

Well considering the rise of bitcoin in the few years since it's birth I'm sure that it's quite possible for it to colapse , I mean everything bitcoin is a bubble , a bubble that can anytime burst !

[curved9inch]

Don't really know what would happen with bitcoin in the future but for now I believe it's at highest peak and is not gonna drop down to like 5-6 years. That will be insane if it really happens but I don't see any reasons for that to happen. Bitcoin has already gotten developments done which were necessary to push it to the current situation. Bitcoin will now keep growing from here onwards with little drops. I have observed bitcoin goes up to highest peak and then get stabilised to that point really.

[Cosbycoin]

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.

The price of bitcoin or it's value against dollar keeps fluctuating almost throughout the year so it's not to be worried about. The prices drop only to rise higher or at least that's what we have witnessed in the past. The possibility of bitcoin losing it's value is equal to the possibility of bitcoin's value regaining all over again and higher than the previous one. Just hold your bitcoins and make the most of it in the future.

The probability of bitcoins for dying is very low or you can say is on negative part of the scale. That’s true, with every dump bitcoins pump so hard making the holders sit on the top of the world. The dumping of bitcoins should be treated as an opportunity of grabbing more bitcoins rather than a regretful event.

[JL421]

no bitcoin is a really strong currency and currently it is backed up by some huge investors and people in this world. If someone tries to drop it's value it would be a dorect attack on the world power as they will be losing millions. They will quickly add resistance to save the price from falling

[superplus]

Not because people who want Bitcoin are growing day by day. If the price is slightly down may happen sometime

[Armstand]

Not because people who want Bitcoin are growing day by day. If the price is slightly down may happen sometime

it will goes down and will definitely rise eithin a day, thats the graph flow within this week it keeps on reaching highr smounts day by day and lising its value were far from happening if ever .

[coinplus]

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.

Yes there's a chance that Bitcoin's value will decreas its price as low as it was before. It will happen if the demand decreased. And if there's a new cryptocurrency that has more advantages than Bitcoin has, because all cryptocurrencies including Bitcoin, their value depends on the market's demand. If it won't be demanded by people, its price will be dumped. I highly doubt that it wipl happen especially at this moment.

Obviously, all markets depend on the demands of the customers. If you are offering something in the market that has no importance in people lives, it will have low demand ultimately leading to the vanishing of that product.

Bitcoins can only decrease in value if the investors stop cherishing this currency but the team won’t let it happen. There is no other currency yet to challenge bitcoins and nor I see any in the future. Bitcoins have very clear path.

[supercanada1]

Nobody knows what will happen next with bitcoin, but I think that sooner or later everything comes to an end and once bitcoin will lose its value when people around the world will already know about it as well as about cash.

I don’t think so that it is possible for the bitcoin to loss the value ever a lot of people still believe in bitcoin n and they invest their money in bitcoin the importance and the price of the bitcoin keeps on growing so we can expect it to grow fast but the miner pumps and dumps are the part of life we should not lose our hope about the price of the bitcoin

[PhilPrime]

Nobody knows what will happen next with bitcoin, but I think that sooner or later everything comes to an end and once bitcoin will lose its value when people around the world will already know about it as well as about cash.

I don’t think so that it is possible for the bitcoin to loss the value ever a lot of people still believe in bitcoin n and they invest their money in bitcoin the importance and the price of the bitcoin keeps on growing so we can expect it to grow fast but the miner pumps and dumps are the part of life we should not lose our hope about the price of the bitcoin

Bitcoin price now were not too apart from were it rise and downs this past few days . Its okay not to look out its value 24hrs for there are no crashes expecting for few days and it seems stable now. Not on that it gix on price nito on its range.

[bhabygrim]

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 it can, but usually bitcoin recovers it's value in time. I think it happened before but I was not aware that time because I had quit during that year. But, just take a look at the value of bitcoin now. Eventually, it's price will fall, but we don't know when, but surely it will increase even more in time. Just hold your bitcoin.

[Isaacck]

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 always say that bitcoin is volatile, which is true, one day you'll find out it dropped and then another day it rose. But since its demand is getting higher, its nearly impossible for it to lose its value. It will drop for an amount of time but it will recover. You just have to be able to store your money and seeing it decreasing then increasing to see results.

[nightxglow]

Of course it can. If bitcoin never lose its value, then everyone will not afraid or worry, and invest all their money here because there's no risk right?
But of course there's a possibility that bitcoin will lose its value, although we don't know why, how or when.
But i think for the time being, it still has a bright future and you don't really need to worry much.

[naira]

Do not think about the future, which is important today. We do not know how long the bitcoin will live. Bitcoin only grows and becomes popular every day so we can only expect growth from it.