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

[cramblimp]

I think NO, its first value is about $1200 and that was very low compared to the price now. The current price of bitcoin was doubled and there is a big possibility to triple its price. It will never be back again to its first value because it is also more popular to people.

[entrepmind23]

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 ?

It's possible but highly unlikely because there are many people who believe bitcoin's value will still rise even if there are hindrances along the way because we observe it in the past. Bitcoin's value always drop drastically in the past but eventually recovers and its not that popular yet. How much more nowadays when some stores are already using it, governments regulating it and make it as payment option for taxes then it would be hard to imagine its value drop down very low or become worthless.

There are other digital currencies as an option but then bitcoin is the most popular, highly used and has the biggest market cap in all digital currencies and there are altcoins to whom developers claim to supersede bitcoin but it did not happen yet. As long as we continue to use and support bitcoin then it would not be worthless.

[Sithara007]

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 ?

With some 10 million individuals using Bitcoins, there is a limit up to which the prices can fall. IMO, even in a catastrophic scenario, the prices can't fall by more than 50%. I am saying this because I know that strong demand exists even now among the institutional and non-institutional buyers for Bitcoin. And they will use each and every dip as an opportunity to accumulate Bitcoins.

[Laergan]

I think that BTC will drop low relative to the current all time high at the time, but not to the level as when it started, which was a few cents or even a few dollars. That would crumble the BTC market cap and cryptocurrency market cap. It would also just be way too easy for people to buy in and I doubt that would happen. I think that it will go up way high, and then drop to lows that are still relatively high.

[fanbeila]

Bitcoin is no more dependent on china as earlier when chinese dominated the bitcoin trading and bitcoin mining together.They manipulated price as they wished.But now things have changed totally upside down.Bitcoin is getting legalized in many countries and mass adoption is taking place all over the world.more people all over the world are getting awareness about bitcoin.They all have found bitcoin to be a huge return giving investment.Bitcoin has investor base now globally.So,chinese ban would only have a very small effect on bitcoin price.Thats why we saw bitcoin price falling to $4000  after china banning ICOs immediately recovered due to strong  buy wall and now its $4228.

[aaron2024]

In your dreams... In the first days Bitcoin was worthless. Also, several factors make it impossible for Bitcoin to go back to those values, one of them is that there is a high cost to produce a single Bitcoin.

[Ljanesanti]

I think it will not drop down to its first time value , andDthat would be so surprising. Bitcoin as of the moment is still on its growth , a lot of country could be not into this industry but majority are leaning in to this business already. A lot of country is legalizing and cultivating this industry. Plenty of potential ahead. I say bitcoin doesnt even reach its peak yet. And with the drop down concern or issue or drop down to its first time value i think the chances are very low. And if it will , well better if they could have a reasonable explanation.

[Nawaytes]

Why are we constantly afraid of Chinese policy? The fact says that China is the largest bitcoin user, but the fact also says that bitcoin is created not only for China.
If China blocks bitcoin, people in other countries will still use it, the price will drop it for sure. But remember, there are only 21 million bitcoins in the world, and that would be a rarity (if you understand what I mean)

[Quietman]

I dont think it will happen. Bitcoin is very established right now and we all know that our future require a technology like bitcoin and definitely bitcoin is the most potential currency that canw be used. If you are doubting because of china blocking the ICO, well the deflation of bitcoin value is happening but definitely it does not last even for a month or a week.

[Wexnident]

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 ?

It's hard to tell. Comparing the maeket value of Bitcoin from now and then, its current market value is way far than its market value before. China banning ICOs will surely affect Bitcoin negatively. We should expect for backdrops and downfalls on its market price. But it is quite impossible for its price to be back on its value 4 years from now because Bitcoin still has a large community that makes it still indemand which highly affects its market value to not decrease too much.

[miyong]

It will not happen anymore due to an increasing demand of bitcoin. It is more popular in different countries than before.

[notyours]

Even though banks make their own blockchain they can not even overturn the bitcoins this is the truth. Because of the bitcoins they still depend on, Bitcoins are being used all over the world and that only applies here is a bank that covers only one country even though people can donate here not to lose the volume of their money. because the whole world has put money into Bitcoins. So it is also very impossible that bitcoins are deprived and can not be used.

[Eugenar]

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 ?

It's really impossible as of this moment wherein its market value is way far from its price before. And since the market value of Bitcoin increased of course its coummunity also grew. And we all know that its community is responsible for the demand that Bitcoin is having. So even if China banned Bitcoin, there's still a large community that will demand for it so its price won't fall really hard. I hope you get my point.

[CrownPolly]

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 ?

It's really impossible as of this moment wherein its market value is way far from its price before. And since the market value of Bitcoin increased of course its coummunity also grew. And we all know that its community is responsible for the demand that Bitcoin is having. So even if China banned Bitcoin, there's still a large community that will demand for it so its price won't fall really hard. I hope you get my point.

If China prohibits bitcoin, this will negatively affect the price. We can not neglect such a big country. There are many users.
I would not want this to happen.

[Mysterious01]

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 ?

Everything is possible but I think in this case the possibility that bitcoin will go back to its original value is very2x little.
As you can see there are many investors that adopted bitcoin already, thought the value is volatile but it doesn't mean that it will revert to its original value even China is trying to create its own blockchain.

[Pinkris128]

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 ?

I think that was too impossible to happen. When you look on its value now that was too far. And to be clear china doesn't banned bitcoin. There are still many country who control and I think they wont let that happen. Bitcoin was now getting better and I think it will continue. As far as I see its price was continue increasing even there are some issues like this.

[maydna]

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 ?

if this is become true, then we can choose what will the best for us but i think, people will still choose bitcoin as they know that bitcoin now become famous and the price is tempting them to make profit. bitcoin will still be used by many people especially if bitcoin is spreading in many places and bitcoin itself is using as payment gateways for local store or online store.

[Pursuer]

With constant speculation about the value of bitcoin,

they can speculate all their want, it has no effect on reality!
for example if I have some bitcoin balance and you guess it 1000 times it won't change how much I have!

China claiming to ban exchanges of bitcoin,

this can temporarily cause some drop but most of that drop has already happened so it won't be much anymore. as they say "it is already priced in".

and some banks trying to create their own blockchains for their countries,

they can create all they want, but in the end it will be a centralized thing just like fiat and it will never have any effects on bitcoin and its usage or its price

What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?

if you think some random news about a "service" (exchanges) is going to affect bitcoin's usage or its price then you haven't really understood what bitcoin is.

[criz2fer]

Of course not. Because bitcoin is the mother of all coins in cryptoworld. Although the price frequently fluctuate, it is impossible to turn it into it's first time value. Many country are being involve today in crypto currency. That's the reason it would never be dump to its original value.

[niisarearning]

What do you mean first value of bitcoin you mean less then a dollar and that should be big joke no way it will even hit 100$ if it hits I will be the first person to grab all coins . Don't be panic once 21 million coins mined then you see the Magic.