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

[mallboat]

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.

With the current situation i dont think that bitcoin will loose its value for as long as the investors supports and invest in bitcoin its impossible for bitcoin to loose its value but if it goes down it is normal because crypto world is very volatile sometimes its up sometimes it down. I would rather hold and wait.

[hahay]

I'm sure bitcoin will not lose its value exactly it will continue to grow, although bitcoin prices will big dump occur I believe users and the demand on bitcoin will continue to exist and will never disappear.

[Mung1943]

Every thing can shed its worth when time arrives. With bitcoin it is also attainable but it will take a lot of time for that to occur. Now, it is a climbing currency. People who lose worth dont have assistance from the individuals who are utilizing it, not like this bitcoin.

[PatronRH]

There is anyway that contribute bitcoin to lose his value, which depends on and only on people, and here we're talking about two things :
1- number of people who trust and use bitcoin.
2-bitcoin's funds security.

[PokerFace3]

Yes, it is possible but the chances that Bitcoin will loose all its value are very very low simply because of the fact that it is one of the most popular crypto in the market and alot of people have invested their money in it.

It will lose value, but not by a big margin. That means it will not go to zero value why because as you told there are many investors invested on this coin and they will not allow going this coin zero. We may see $1k or $2k price drop in bitcoins, but it will not come under $1k this is my hard feeling.

Yes, it is normal for any asset to lose value based on its demand and how readily people are to quickly drop it if they feel is no longer valuable for them. However, we the users determine the value. We decide how valuable what we are holding is and that is why holding makes it more important most especially when demand for it increases.

Once bitcoin can penetrate, and most people starts seeing its usefulness apart from holding as an asset, then we start seeing more demand for it and the value will most definitely keep increasing.

[justdimin]

I don't think bitcoin's value will go as low as a small amount of dollars. Even thought its value is now decreasing a bit but it will definitely goes up again. I even think that it's value will rise to million worth in the following decade.

Says who? It can. The only saving grace is there is support as there are so many people ready to buy at a certain lower price. For example, recently, bitcoin went as high as $4900 and dropped as low as $2900. That was huge.
But, it would have kept dropping if there was no one ready to quickly buy at that low rate knowing it is a good point to quickly buying in because they believe in what bitcoin's future holds. It is only when you believe in something, you will be a part of it right?

[man1996]

Everything is possible.Even bitcoin has lost it's value.But we cannot predict the future.

[Wintorez]

Bitcoin can lose its value only if it loses the interest of users, but now a lot of people are interested in bitcoin and there is no reason for a panic that he can die. You need to invest and make a profit.

[Hui8]

Yes, it is possible but the chances that Bitcoin will loose all its value are very very low simply because of the fact that it is one of the most popular crypto in the market and alot of people have invested their money in it.

It will lose value, but not by a big margin. That means it will not go to zero value why because as you told there are many investors invested on this coin and they will not allow going this coin zero. We may see $1k or $2k price drop in bitcoins, but it will not come under $1k this is my hard feeling.

Yeah that's pretty much true about the bitcoin. It has already surpassed that line and there is no zero value for bitcoin. It could become zero only if all the government in the world makes a single committee to take it down and ban the bitcoin forever. Then we will have no choice but to take out the money and let it burn on itself.

However, there won't be any committee like this that will happen in first place and let the bitcoin burn but bitcoin can get fluctuated with big investors that's for sure. These investors are base of the pie, they are stable and bigger than anyone in the world of bitcoin and we are that cream layer upon the pie which keeps moving as the market moves.

This movement causes the price drop and it could be 1k or so as you said but will never be zero, so no bitcoin can not loose its value.

[Kotone]

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.

Of course it is as bitcoin relies on heavy factors in the market and in the world to keep it afloat. One ecample is what happened in achina where we can see a significant decrease in its price which adds to its unpredictability and volatility. This isnt to say that bitcoin din not also go up.

[Monta3002]

Yes, it is possible. Think about what happened previously when China banned bitcoin some of the value have lost because of the bad news and investors and traders can not use bitcoin anymore.

[zzSunZZ]

Yes, it is possible. Think about what happened previously when China banned bitcoin some of the value have lost because of the bad news and investors and traders can not use bitcoin anymore.

It happened last week but i think they will use the same scenario soon with other news like Japaneses banned Bitcoin.Like what happen to China that before. By the way, Jamie Dimon is trying to low the valuable of Bitcoin all the time.

[GoodLuck2]

Bitcoin can lose its value only if it loses the interest of users, but now a lot of people are interested in bitcoin and there is no reason for a panic that he can die. You need to invest and make a profit.

Bitcoin is now making more users as the time being passed. It is not possible to loss the value of the bitcoin now, the currency of the bitcoin will the future of the money now it is being legal in many countries. Bitcoin can loss the value only if it will be stop using by the people who are investing the huge amount of money in bitcoin.

[winterland]

Everything is possible in this world.Bitcoin can loose it's value too.But it may happen that the only currency in the world left will be bitcoin in the future which can be a possibility.Bitcoin is volatile and we cannot guess what will happen in the future.

Everything is possible but it is not very likely, bitcoin is going to be around for a long time, bitcoin does no need the whole world to use it to become massive, as long as a country like Japan fully adopts it that is all what we need, if I became rich with bitcoin and I could only use my bitcoin there then I will move to japan.

[micher143]

yes bitcoin may go down below $2000 but look it at positive don't sell but buy more and I think bitcoins will stay in market for forever.

If bitcoin price would dump and decrease its value, it could be a time where more peoe would buy bitcoin resulting for it to pump again becasue it usually depends its price through the support of people who uses Bitcoin in terms of transactions investment or tradings. So it is quite impossible for Bitcoin to lose it value or to be zero in the future. Becasue it would be just a part of its development and growth.

[Rebisco]

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.

Our world is full of possibilities but it has only small percentage that the bitcoin will lose it's value. The bitcoin today is extremely powerful and it is hard to predict what future that the bitcoin has.

[Rajamuda]

I don't think Bitcoin will lose its value. As seen from its development bitcoin values continue to increase over time despite accompanied by some decline. Let's we see the value of bitcoin from previous years, it is much lower than bitcoin value at the moment. Not to mention bitcoin will still continues to be developed / still on process of maturation, which seems in the future its value will be even higher from now and will be increasingly used by many peoples i guess.

[sapnu]

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 believe that it is possible. Bitcoin's market value is only dependent on its market demand and if by some instance that its demand continuously decrease, ofcourse it will negatively affect its price. The scenario maybe is if other crypto might be altcoin, would have a higher demand than Bitcoin, this thing could happen, but I doubt that its value will be pushed back to its price 6 years before, because it is way far from its current value.

[UchihaRukawa]

Knowing that there are lots of investors and large companies who are in to bitcoin, I think its gonna be hard for bitcoin to lose its value. We can say that bitcoin might go down a bit, but it will definitely make its way back and might be with a spike! Thinking that its gonna be christmas soon.

[coinjack1337]

I also believe that it's possible that bitcoin loses ist value. It may go down to any Price again. There is just nothing that makes btc a safe heaven.