Will bitcoin get back to it's first time value?

[joseafonso123az]

With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?

[Spinbackup]

The blockchain-based currencies are the future of economics and I don't think that Bitcoin will drop down so much, but the exchange rate cannot be predicted dues to the high volatility.

[jsscswan]

I do not think it's possible that Bitcoin's value goes back to its first value, even though the Chinese government is currently heavily blocking in their country. while China is blocking, maybe bitcoin is developing in other countries.

[Sadnu]

If you're worried because of your thinking of the bitcoins will revert to the previous price in 2010. It will not be the first to think because bitcoins will never reverse the previous price. Yes, there are falling prices that happen and that really affect us. But that will only be temporary and will not last long. You know why? Because it has spread and many people have put big money here.
So the china also did nothing to bury the ICOs. Because the market gradually rises and becomes normal again.

[webmastax]

I don't believe that's going to happen. Simply because bitcoin is decentralized and no one can control it. Everything else created by countries or banks will be centralized for sure.
So no worry for bitcoin future.

[fossilized]

Unlikely, though you did bring up a valid concern and its worth the possibility of extreme price volatility. The same concept as why a stock can be worthless would apply to bitcoin: when bitcoin has no further use and utility to anyone, and hence no value. I dont see that happening in the foreseeable future, through I do hope for the sake of the ecosystem that a crypto will progress and perhaps one day bitcoin will be obsolete. The good thing is that by then, most people would have seen the trend coming and it will be a gradual shift of wealth from one crypto to another, rather then a sudden plunge in bitcoin.

[Rana590]

Though bitcoin's price is not stable now but it is quite impossible to get back it's price first time value because this currency already stabled. It is more popular and familiar coin. It has great future. So don't be panic for it.

[keeee]

I do not think it's possible that Bitcoin's value goes back to its first value, even though the Chinese government is currently heavily blocking in their country. while China is blocking, maybe bitcoin is developing in other countries.

Exactly that was impossible to happen, that bitcoin will be back on its first value. You are illusioning when you think that will happen. Look on the value of it to its value before and you can see that it was to far from each other. Even though china is blocking it that doesnt mean that it will return to its first value. China is just one country there are so many country in the world and I think they wont let that happen.

[LeGaulois]

There will be always some people looking for decentralized currency/solution, your privacy has more value than all the fancy tech.
It's like Microsoft VS GNU/Linux, you will always find people prefering the freedom of choice and so using product supporting the freedom ideology. The real people involved in Bitcoin will never care about a blockchain created by banks or others.

[000JC88]

Period, how many times we saw the same scenario. Will the BTC disappear , will segwit crash the BTC etc etc. NO btc everytime is coming back stronger, because no government or company can shunting it down!

[FDC1412]

 As of now, we see bitcoin as a continuously growing currency. such ban from a specific country, if it is real, will not affect the whole community. given that even bitcoin start from nothing from the day that it is created, we can still see and somehow predict that bitcoin may fluctuate but will stop.

[alloy_token]

With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?

There is high volatility surrounding all the cryptocoins, but with blockchain startups like Tenex, Alloy, Centra etc. coming up with Cards & technologies that bridge the gap between crypto & the real world - I believe the rates wont drop anytime soon.

Disclaimer: I represent ALLOY - ALLOY bridges the gap between Virtual currencies (Reward points, Game points & Crypto-currencies) and the Real world rewards by letting you convert all virtual points to Fiat cash and exiting out.

[herehero]

It is imposible

[iram1011]

1. Speculations are not new.

2. If China bans Bitcoin exchanges, then yes there will be an impact on the market and might be huge too. But market will ultimately recover. We have seen Mt. Gox period as well. I am sure dump wouldn't be that huge.

3. Next, banks creating their own cryptocurrencies. This will rather strengthen the Bitcoin market. As banks will try to popularise their currency, people will become aware of other cryptocurrencies as well where Bitcoin will gain the most attention. Everyone like to invest in the best currency.

[maku]

I do not think it's possible that Bitcoin's value goes back to its first value, even though the Chinese government is currently heavily blocking in their country. while China is blocking, maybe bitcoin is developing in other countries.

They are not blocking bitcoin, they are blocking unregulated money flow if they will manage to curb its trading and legalize it somehow the problem will be gone.
I know this is not something that can really be done but to some extent it can be done - via regulating bitcoin related services.
When there will be no place to exchange Bitcoin to fiat other than using government approved exchanges then most official issues linked to Bitcoin legality will be gone.

[guclu]

I think a better question would be "when is bitcoin coin to reach 100,000 usd value"
Even if not, somewhere close there I believe... I am trying to earn and hold at least 10btc by that time so I get a quick retirement

It doesn't really matter what countries try to do really... there are lots of altcoins if you noticed. They also are sometimes backep as good a country would back it's own made coin. But I don't see any one of them competing with bitcoin? At least not yet...

[LodisMcguire]

Bitcoin is the face of blockchain,even if some bank make their own blockchain,the popularity of bitcoin will not drop because its decentralized and the biggest cryptocurrency out there,so i think bitcoin will not get back to the first time value

[Kprawn]

The CHINA ban is just FUD, so ignore that. People spread these rumours to manipulate the price and to cause panic. When

the price drops, they buy coins at cheap price. On banks creating their own Blockchains, you should know that there are a

big difference between a PUBIC Blockchain like Bitcoin and these permissioned PRIVATE Blockchains that are being created

by banks. These Blockchains are centralized and based on a failed model. {Fiat} 

[GetFreeCoins]

This is unreasonable. Why should bitcoin be divided into a bunch of small cryptocurrencies?

[joseafonso123az]

First time value? When bitcoin was just created and had no value? Obviously that won't happen since bitcoin and blockchain technology have huge unexplored potential. Blockchain that used by bank isn't bitcoin competitor since it's centralized and obviously not anonymous/pseudonymous and some bitcoiner won't stop use bitcoin even if bitcoin is illegal or bitcoin exchange/service is banned.

When it valued some cents  . That's something that I didn't thought, because of the centralization and decentralization. If bitcoin became illegal, than I don't think many will continue using it, unless they use it for some illegal activities. And that could happen, maybe not in the next 40 years, but after that, when bitcoin is more mature, it is a posibility of it becoming illegal.

There will be always some people looking for decentralized currency/solution, your privacy has more value than all the fancy tech.
It's like Microsoft VS GNU/Linux, you will always find people prefering the freedom of choice and so using product supporting the freedom ideology. The real people involved in Bitcoin will never care about a blockchain created by banks or others.

Unless bitcoin gets illegal and people start chasing bitcoin owners like they are terrorists.  Hopefully it will become more like the microsoft vs Linux comparison.