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

[winterland]

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 but the chances of that happening is very less. I don't think Bitcoin will ever loose all its value. Bitcoin is gaining popularity everyday and many people have started to look at it as one of the world's fastest growing investments. It exhibits tremendous growth rates and alot of people have already invested in it. I think that its value will only grow in future.

The scenario is possible but it is not something that is likely to happen anytime soon, bitcoin is only gaining more support from people around the world and the support does not show a sign that is going to stop so we can be sure the price is going to keep going up in the long term.

[Zero.X]

Anything that has value has the opportunity to lose value. So definitely, just depends on how much of a drop you're looking for and how long you're willing to wait.

[Blitzboy]

I might say that it really is impossible for bitcoin to lose its value. Many countries and banks embracing bitcoin. Currently, bitcoin is on the hot seat for investors and a short cut to lose or grow your money in an instant depending on how knowledgable you are in crypto world.

Why not? there are still many possibilities for bitcoin to lose its price. I can give you some examples about this. Look at the next hard fork. If bitcoin fail to supply the customer what they want, bitcoin will lose its value and people will not want to use it anymore. Moveover, there are many coins in the crypto world and some of them are extremely strong, extremely secure and they can change the world with their advanced technology

[Astermony]

Big code changes always bring some worries and/or fear that can make the price fall.

I think there is a possibility for the bitcoin to lose it's value but not completely.

When bitcoin wallets can be cracked BTC will have no value.

When there's no one who will keep on investing in bitcoin, I think that's the time that it will lose its value. But if there are still many people want to invest, then it will not lose its value.

[mega]

The beauty of bitcoin is that no one can  play here like monopoly everyone can earn on merit base and also it have many positive impacts on economy of the state,so its expected due to course of time bitcoin value will be increase and at last every entrepreneur and financial institutions will accept it and it will be need of all due to easily access to accomplish the basic needs.

[Clark05]

Is you see the price of bitcoin it tottally 5800 dollars and it will continue to increase. But even the price continue to increase they have  chances the price of bitcoin lose its value or become 0 . But I hope the pri e of bitcoin will become higher so we can make a lot of profit. But everything is possible to happen it depends of how many supporter of bitcoin have we need more investor so bitcoin become stronger.

[bering]

I think it can happen, because bitcoin has a price that can change drastically. But I never found a permanent drastic decline, there was only a drastic increase.

Maybe also depend on a situation, like when internet is gone at all, bitcoin cannot use anymore, so it will going to be useless and it will also have no value at all because for sure if there are no people using it, bitcoin price will decrease and decrease until automatically it will have no value like other altcoins also because altcoins also needs to be online transaction.

that's impossible if you're say internet connections will gone but indeed this thing are necessary to access and use our bitcoin however we cannot know for bitcoin price for next 50 years and although still available internet at that year but very possible bitcoin became worthless if there is new coin which more valuable than bitcoin and can beat bitcoin then people starting to leave bitcoin and switch to that coin because basically people will looking for which coin more profitable so possible to me bitcoin will lost the value if what i say happened

[xSkylarx]

I think it could but maybe it depends on the situation.
But I think it is very impossible at the moment but maybe in the future .

[radjie]

It would be possible but because it was already well established, it will be hard to loss its value. The value of bitcoin is basically dependent on the bitcoin holders/investors, once they give up their coins (specially the whales) bitcoin value will be affected. But seeing the current status of bitcoin, people have good trust with bitcoin and there is also a big expectation of pumping in value seeing more and more people are trusting it. Dumping would only exist once people transferred to another cryptocurrency but there is no better altcoin than bitcoin thus it may not dump.

Of course bitcoin values ​​are based on all those holding bitcoin and investors themselves. Increasing the number of bitcoin holders and increasing the number of investors who can enter into it bitcoin will not lose its value until whenever. Although many new altcoins can compete with bitcoin but that will not shift the position of this bitcoin digital currency, because the most popular digital currency is bitcoin.

[josh07]

yes, there is a chance that the bitcoin will lower the value of it, which can not be avoided so that when the bitcoin cost you, it will also cost you a few days and it will also decrease so it's better to keep us together or save it bitcoin for coming down we can not affect it enough to do so for the bitcoin to increase the amount we just buy instead to be happy with your work ...

[rodalutor]

Of course there is a chance bitcoin can lose its value, just like anything in the world with a value can lose its value, although bitcoin is probably a bit more likely to do so than say rice. Bitcoin has a lot going for it currently and growing support so you would imagine the trend will be upwards but there will certainly be some shocks along the way.

[raven7886]

I might say that it really is impossible for bitcoin to lose its value. Many countries and banks embracing bitcoin. Currently, bitcoin is on the hot seat for investors and a short cut to lose or grow your money in an instant depending on how knowledgable you are in crypto world.

Surely, as long as this keeps going on and we keep seeing more people embracing it due to its value at any point in time and willing to buy at that price it is since they know they need it, then I see no way it can lose its value. It is the value that I have placed on my asset that makes it what it is and if someone needs it, then the person should obviously be ready to buy at my price.

That is the essence, we are in control and except someone deliberately wants to hack all accounts, steal the funds inside and dump it, then I do not see how it would ever lose its value completely except for some few drops which is normal.

[cardinalVC]

There were already times when value dramatically went down, and its expected to happen again. But as always, it will rise back up and outdo its best.

[FLoving]

The way btc is now, I really doubt it  to happen. Lots of people investors or not are taking care of it and for sure they won't let this kind of thing to happen, it may dump to it's lowest point but losing it's value? I don't think so.

I also don’t think that bitcoin is easily going to lose its value. As far as crypto market is there, bitcoin is not going to lose its market value. Everyone is day by day increasing his/her investment into bitcoin in order to have secure and bright future. The way bitcoin is leading all other digital currencies and making them depend on it for their prices, it is clear from all this that bitcoin won’t lose value.

[Paid Piper]

I do not think so because bitcoin value has stronger value and it will continuous giving more profit to all of us, lots of adoption coming in bitcoin and in crypto currency it will helps to make bitcoin much worth it in the future. I am hoping that bitcoin will not disappear because this is a big help for all people specially for those people who really need additional income like me.

Although everything is possible but in fact bitcoin is still the most strongest currency of digital currency and therefore we do not expect that it will ever happen.

[Astermony]

Probably, yes because the moment that there will be no people who will going to invest in bitcoin, the value of it will decrease and decrease until such time that it will lose its value.

[jonval21]

more people involved bitcoin less posibility to loose value, bitcoin has been atacking since the begining and thanks to people around the world the value is sostenible.

the value is down if the tool or instrument is not neccesary, if the central authority who control that instrument make some mistakes

the distribuid nature of bitcoin is just a new tool of study in the economy. is the first time that a valuable thing cant not be controled by a person.
is the first time that deflationary money take part in the monetary system.

nothing has been studied about this and the time will give results about this new technology.

maybe by first time this can solve the problems that were imposible in the past

[EdenHazard]

The way btc is now, I really doubt it  to happen. Lots of people investors or not are taking care of it and for sure they won't let this kind of thing to happen, it may dump to it's lowest point but losing it's value? I don't think so.

I also don’t think that bitcoin is easily going to lose its value. As far as crypto market is there, bitcoin is not going to lose its market value. Everyone is day by day increasing his/her investment into bitcoin in order to have secure and bright future. The way bitcoin is leading all other digital currencies and making them depend on it for their prices, it is clear from all this that bitcoin won’t lose value.

we have built a strong ecosystem and it won't broke easily , decentralisation make thing like bitcoin so special . the power are depends on us , not like a centralised where the real power are on ruler which usually it is belong to government .

you don't have to think a lot of times to get started to buy bitcoin and adopt it as your currency, bitcoin is the real future!

[Doamader]

In the past bitcoin were traded by a few people wich had made the price to crash without any possible support, nowadays we do have huge supports that wont let the price to crash soo easy. Nowadays bitcoin still vulnerable to some news, like what happened with China, as well with the first fork, the community had learned a lot and send a message to all, nobody can take us down anymore no matter the influence.

[Kevin77]

The beauty of bitcoin is that no one can  play here like monopoly everyone can earn on merit base and also it have many positive impacts on economy of the state,so its expected due to course of time bitcoin value will be increase and at last every entrepreneur and financial institutions will accept it and it will be need of all due to easily access to accomplish the basic needs.

That is just it. This is a currency that cannot be controlled by any government, any financial institution and the full power is in the hands of the users. Over time, like you said, when we start having even more adoptions, the value will increase ultimately and we will have it being used for basic things and even eventually if we are to consider it more of an asset, there will always be one crypto to use for buying basic things.