Blamsud
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October 11, 2017, 01:08:21 AM |
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In my opinion yes, it is possible for bitcoin to loose all its value one day. But as we learned fron numerous other examples, an asset that it is appreciating, will not loose its value very easy, nor it will deprecate to nothing. For example gold it never deprecated in value altough now is a symbolic asset that a practical one. Bitcoin is 6-7 years old, the next 5 years will tell if it will remain or loose all its value.
Maybe when the demand already reach it's supply and we cant tell when will it happen bit maybe for 10years and more it can still live and btc will have more new feature and uses by that time.
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cherrymobile
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October 11, 2017, 01:43:39 AM |
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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.
Im also new here and i want to learn also about that, so i think yes for me if many investor stop investing in bitcoin and if the people stop to use this i think that is the one possible that the value of bitcoin will going down or it will back to the price before $3 .
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man1996
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October 11, 2017, 02:26:53 AM |
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Everything is possible here.Recently bitcoin was at its lowest.Due to this the payments were also less.But with time bitcoin is recovering.
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winterland
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October 11, 2017, 02:29:00 AM Last edit: October 19, 2017, 08:50:05 PM by winterland |
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Such doubts would definitely come for newbies as they don't have adequate knowledge about bitcoin.More over,lots of FUD spreading in the market would also make them panic about their bitcoin investment.Bitcoin is a decentralized currency uncontrolled by any authority and hence its price is uncontrolled y any one.Its price just increases and decreases with increase and decrease in demand for it.But,we could see that today bitcoin is getting legalized in many countries and more companies are accepting bitcoin payments day by day.Mass adoption is taking place all over the world.so,the chance is very less for decrease in demand for bitcoins and hence its price also.So,in this stage,we could believe that bitcoin would not lose its value.
In 2022 there are high chances of bitcoin been seen everywhere. The way it is increasing in its demand can make anyone believe that the bitcoin is going to rule the world in the coming years. Still ruling the world in 2022 may be a little tough but i expect it to make a great success in future. I do not think we are going to get bitcoin being accepted that fast I think it is going to be a very slow process, even if mobile phones are everywhere right now, mobile phones are an 80’s invention so it should take bitcoin 10 to 30 additional year to be accepted by everyone.
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aardvark15
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October 11, 2017, 02:37:34 AM |
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In my opinion yes, it is possible for bitcoin to loose all its value one day. But as we learned fron numerous other examples, an asset that it is appreciating, will not loose its value very easy, nor it will deprecate to nothing. For example gold it never deprecated in value altough now is a symbolic asset that a practical one. Bitcoin is 6-7 years old, the next 5 years will tell if it will remain or loose all its value.
I don't think Bitcoin will lose value but I think there are possibly 3 ways it could happen: 1) If major governments like the US and European governments were to ban Bitcoin, then it is possible that it could fail. 2) If the fees get too high and no one wants to use Bitcoin any more, then it's possible that it will begin to lose value. 3) If Bitcoin becomes more scarce, the value should rise, but it seems possible that if everyone just hoarded Bitcoins and stopped using them for transactions, it could begin to lose value.
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Klestar
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October 11, 2017, 03:03:01 AM |
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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! If many investor stop investing in bitcoin maybe the bitcoin will going down again i hope that it will never happen .
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Bluestreet
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October 11, 2017, 03:20:48 AM Last edit: October 13, 2017, 05:24:46 PM by Bluestreet |
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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.
No, I don't think that it is possible for bitcoin to lose all of it's value, it is the first cryptocurrency and every currency is measured in terms of bitcoin, but there are people now a days saying that bitcoin is having problems and there is a hard fork planted for 25 October, but I am also certain of that, that the forked coin will not be able to take the throne from bitcoin.
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Smarty14392
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October 11, 2017, 10:12:56 AM |
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It is not possible as you expected Bitcoin is performing well at present we no need to think about loosing it's value.
If losing the value means become zero or something like that, then it is pretty obvious that is not going to happen. Even the price won't be decreasing to 3k dollars or below. Bitcoin investors are increasing with everyday and with such a great demand, decline is impossible now. Nobody can tell bout the future with hundred percent surity but from its past and present performance, I have high expectations from bitcoin.
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redsun114
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October 12, 2017, 05:23:41 AM |
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It is possible for Bitcoin to lose it's value overtime like it is always fluctuating. But we have to keep attention on their prices. If you have to hold it you can hold when the prices are less. When you come to know that prices are getting towards higher side don't t wait sale it out. It may happen that initially you face some problems. Just at go through such reading and get knowledge of bitcoins. Keep searching on google for current situation.
The price may affect the value of bitcoin, but after all it will be the future currency. The people’s interest and faith in bitcoin is still increasing although the price is not stable and up and down occurs every minute. But still I think investment in bitcoin is far better decision because the future is that of bitcoin and the world will turn towards a digital currency for easy, secure and comfortable trading all over the world.
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Darklinkz
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October 12, 2017, 06:32:45 AM |
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I don't think so. It's value might decrease depending on the issues that it faces but it's very ridiculous to think that it'll lose it's value except if it is banned on your own country.
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Adreman23
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SOL.BIOKRIPT.COM
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October 12, 2017, 07:00:44 AM |
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no it cant happen it is impossible for the bitcoin to lose to its minimum value because when the price dump to the estimated deep price many investors buy bitcoins.
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Jose Mourinho
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PredX - AI-Powered Prediction Market
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October 12, 2017, 09:41:14 AM |
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Very likely, bitcoin is now a very fun thing because everyone hunted, various ways people do in order to be able to get bitcoin from a good way to use illegal ways.
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KalaiBTC
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October 12, 2017, 02:59:11 PM |
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Definitely not. It may dump but will not totally lose its value since no one can stop it.
And the market conditions depends the investment ratio of the people. The more the investment the high the price. It is the rules of business. As many people start believing and investing in bitcoin the price and market cap will automatically raise high and decrease in such a field which is used all over the world cause some annoying things, which I think will never last for long time.
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mrfreezeh
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October 12, 2017, 03:38:35 PM |
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In my opinion yes, it is possible for bitcoin to loose all its value one day. But as we learned fron numerous other examples, an asset that it is appreciating, will not loose its value very easy, nor it will deprecate to nothing. For example gold it never deprecated in value altough now is a symbolic asset that a practical one. Bitcoin is 6-7 years old, the next 5 years will tell if it will remain or loose all its value.
Maybe when the demand already reach it's supply and we cant tell when will it happen bit maybe for 10years and more it can still live and btc will have more new feature and uses by that time. New feature? I just want Bitcoin can create a system instantly confirm transaction as Digibyte or Ripple and it can receives a huge numbers of transactions any time. I do not want to spend much times when I want to sell my Bitcoin at highest price because I need to wait confirm my transaction hash.
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Protomono
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Buy $BGL before it's too late!
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October 12, 2017, 04:04:37 PM |
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Anything can happen in the future. But if bitcoin loses value, seems impossible to happen. Because, bitcoin very popular and many merchants are adopting bitcoin as payment option.
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coinholic
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October 12, 2017, 11:35:25 PM |
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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.
Anything is possible nowadays. It's just a matter of time. The market can rise but it will also fall. A common law of nature that anything that goes up will need to come down. Almost applicable to any aspect of life. So bitcoin is not an exemption. As high as its value is now, the time will come that it has to fall. And it's all up to us how well we play this game.
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katiecbell
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October 14, 2017, 06:09:06 AM |
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It is not possible as you expected Bitcoin is performing well at present we no need to think about loosing it's value.
If losing the value means become zero or something like that, then it is pretty obvious that is not going to happen. Even the price won't be decreasing to 3k dollars or below. Bitcoin investors are increasing with everyday and with such a great demand, decline is impossible now. Nobody can tell bout the future with hundred percent surity but from its past and present performance, I have high expectations from bitcoin. Indeed it is totally out of question for bitcoin to lose value. There is not even a single reason for bitcoin to go down to zero in value. Bitcoin is not only currency but an investment as well. Bitcoin is day by day increasing in value and it is really awkward to see a comment talking about devalue of bitcoin. All the investors of crypto currencies have much higher expectations from bitcoin.
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sariz12
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October 14, 2017, 07:22:25 AM |
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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 can say is No, it's impossible. And for 5-6 years? That's very short to assume that bitcoin will lose it's value. Think about it from zero value to $2k+ now and is now possible to get up to $3k or even more. That's why I will not believe that bitcoin will lose it's current value this is now being recognize by many people and is now trying to make a lot of improvements
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Best Dreams
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October 14, 2017, 09:51:54 AM |
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The market is now very huge and there are thousands of cash out there. SOme of them are even increased than bitcoin. They have progress, engineering, intelligent contracts, quickly transactions, and many others. The only point that bitcoin has is that it is the initial crypocurrency. in the foreseeable future, bitcoin will no more time be amount one particular and it will certainly get rid of its worth
We;; my opinion is little different if we see bitcoin so bitcoin is also going to provide a lot of services to his users bitcoin have now his credit cards and some develop countries have accepted bitcoin just because of his good services and I think bitcoin that what is going on in market bitcoin price is high than any other currency around the world which is a good example of is high value.
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georgiyfo
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October 14, 2017, 11:03:43 PM |
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It is feasible for bitcoin to minimize in benefit or for us to have a bearish market place but it is not attainable for bitcoin to shed it value now. Bitcoin as a quantity one cryptocurrency has been rising in benefit from inception and we assume this to carry on right up until additional discover allow explained 4 to five years to appear minimum ahead of we see long time period bearish market.
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