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

[BitcoinPaw]

If the value of bitcoin is the price it's possible but for real life bitcoin have no any value. This why people mostly prefer gold or other expensive metalse insteed of crypto.

[diickydbo]

Bitcoin has clear and open chances to loose its value. But for sure this incident might not happen until few actions takes place around the world.
Like banning of Bitcoin in most of the top tier countries, even restrictions might cause a significant downfall. But I must add, completely loosing its value might be the consequences of some unlikely and rare situations.

[4abrec]

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.

Sooner or later, it will happen. But now at the moment, bitcoin is only gaining popularity and demand for it is growing.

[Magiklair]

I am not a great expert but I think this is unlikely to happen due to the fact that much was invested in this project. More and more people are getting interested in it and soon almost everyone will change to Bitcoin.

[Daboy_Lyle]

i guess it is not possible as the bitcoin price today many of the traders still trades it, and we all know that many countries supporting this coin and no one will stop this bitcoin for sure, that's for sure.

Bitcoin will never lose its value. It only the bitcoin value decreases due to it's price is not stable. Bitcoin will always have a value no matter what. Bitcoin today's value is $8523 in USD.

[Piapia]

Maybe when bitcoin prices drop drastically it becomes one possibility bitcoin prices will lose its own value but I'm sure bitcoin will continue to be popular because not always bitcoin price up down

[greg0rioo]

I think bitcoin can lose its value only as a last resort when a great catastrophe happens and the Internet disappears or another currency appears that will displace it.

[ICBCOK]

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