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Question: What will bring Bitcoin price down?
Blockchain Hack - 2 (6.1%)
Government Ban - 17 (51.5%)
Major Exchange Hack - 14 (42.4%)
Total Voters: 33

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Author Topic: Which is the most likely to happen first?  (Read 1074 times)
Raimy
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December 11, 2017, 02:20:38 AM
 #41

Exchange hack is the most likely imho. We already had a pool hack (Nicehash) and Bitfinex is looking shadier by the day with them now "lawyering up" and their inability or unwillingness to produce their Tether bank statements. Bittrex and Poloniex also seem a bit on the Shady side and some of the other small exchanges seem like outright scams.

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December 15, 2017, 04:22:50 AM
 #42

In my own opinion,  the most likely to happen first is the major exchange hack, because this is not possible to happen, all hacker wants to gets money from this annonymous features,  so they cannot track if they do.  And the second one is the government ban, most of the country since 2016 are getting involve and accepting this bitcoin but after a certain time (bitcoin price increase) other country are getting banned this bitcoin without publishing reasons, maybe they are afraid of loosing a massive capital currency if this bitcoin become bubble. And last is blockchain hack,  it is not possible that this blockchain got hacked, but i think its totally very hard to hack this blockchain algorithm, so for me there is no reason that this blockchain hack will be the most likely to happen first.

Actually, exchange hack can happen anytime or any moment, it should be the first or the most likely to happen first. Government banning of bitcoin comes next in which it takes time for them to decide whether to ban it or to regulate it instead. The last one will be the blockchain hack, who the hell would do that?

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December 15, 2017, 04:28:21 AM
 #43

I dont believe that blockchain will be hacked. But one of major exchange websites can be hacked. We have seen that before. And also we have seen goverment ban. Bitcoin has an idea and deas are bulletproof.

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December 15, 2017, 04:35:18 AM
 #44

Blockchain hack is highly unlikely to happen so it is either government ban or major exchange hack. There are some countries that are thinking of either banning bitcoin or regulating it and since banning it would just likely to make its citizens go under then they would just regulate it so that they can have a share of the people's income through tax. Regarding major exchange hack, it has happened before that is why the advise is to not keep the coins in an exchange because once you do not hold the private key of your coin then it is not yours.

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xiaopang11
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January 09, 2018, 03:37:57 PM
 #45

I think that only the government blocked to prevent the development of the currency will make the price of the currency, because now the currency status is the first, at least not now another coin can replace its status, which makes it the price will not fall
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January 09, 2018, 06:23:51 PM
 #46

Blockchain hack ? would atleast need 100+ certified security experts and hackers to even get close to achieve it so highly improbable. As for the bitcoin ban in some governements it already happened but mostly in third world countries.
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January 10, 2018, 05:42:07 PM
 #47

I think two about those occasions have just occurred previously. What's more, what happened is a noteworthy declined in value, the mt gox hack for instance bring the most significant value decrease. That is the reason I choose number 3. While the government boycott exactly what occurred in china a while prior additionally flag the value drop yet not as crushed as the mt gox. The first, I think it is alongside outlandish however hypothetically feasible and I never knew about the entire blockchain system been hacked.
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January 13, 2018, 06:26:30 PM
 #48

I'd vote for Major exchange hack since it is the fundamental function of Bitcoin in the first place. Perhaps more currencies will join the trades and make it bigger.
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January 26, 2018, 08:52:28 PM
 #49

I have voted for "Government Ban". But I also agree with the major exchange hack. I believe that many governments will see bitcoin as a threat to its economic system, thus will thoroughly ban it. Let's hope they will not ban it but regulate it. At least people will still use it.

As for the exchange and blockchain , they both have high risk of getting hacked because there are many professional hackers out there. Besides, they always get hacked. Therefore, perhaps the number of hacked accounts will increase in the future.
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January 26, 2018, 10:16:42 PM
 #50

Well another Japanese exchange has been hacked and its said it bigger than Mt. Gox.

https://www.coindesk.com/coincheck-confirms-crypto-hack-loss-larger-than-mt-gox/?utm_content=buffer6920e&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

So I think the questions has been answered several times. Hacks on exchanges are like to happen first and the link that I've posted above its just another proof.

As far as crypto ban, still 50/50 to me. And those government can suddenly do a 360 U-turn and either accepts or ban bitcoin. The battle is still raging out there. Maybe at the end of the year, we will see what direction nations around the world would take on cryptos.

Blockchain hack? I seriously doubt it will happen.

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January 26, 2018, 10:22:57 PM
 #51

In curiosity, I know all of these can hack the price of Bitcoin, but the question is, which in your opinion is most likely to happen first?
Government Ban I think is more likely to happen first since there are already countries that banned Bitcoin exchange and other cryptos such as China. I also believe that hacks will not be that much a problem because of the strong blockchain technology that Bitcoin has. If hacks are possible against Bitcoin, it should have happened before since Bitcoin is becoming more popular which should caught the attention of the hackers.

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January 26, 2018, 10:31:49 PM
 #52

the only thing that bring bitcoin down is government ban, when government from each around the world start the of bitcoin definitely people will be scared and in that process, price will fall, just like what we are experiencing currently.
as for Hacking, this is totally out of it, i don't see how this will be possible
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January 26, 2018, 10:54:33 PM
 #53

I choose bitcoin government ban. It afffects a huge amount the bitcoins price. Imagine how many bitcoin holders are there in a particular country and the government will illegalize or ban it. They cannot trade or invest more and the users will drop down the price due to lack of investors. As you can see , more and more countries ban bitcoin one by one due to internal causes.
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January 26, 2018, 10:55:36 PM
 #54

the only thing that bring bitcoin down is government ban, when government from each around the world start the of bitcoin definitely people will be scared and in that process, price will fall, just like what we are experiencing currently.
as for Hacking, this is totally out of it, i don't see how this will be possible
A Government ban is the only thing that is likely to happen, there is no way that any individual is going to be able to hack the blockchain, wallets are being hacked all the time but not the same can be said of the Blockchain and most governments are rather regulating bitcoins instead of banning it.
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January 26, 2018, 10:58:52 PM
 #55

Well another Japanese exchange has been hacked and its said it bigger than Mt. Gox.

https://www.coindesk.com/coincheck-confirms-crypto-hack-loss-larger-than-mt-gox/?utm_content=buffer6920e&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

So I think the questions has been answered several times. Hacks on exchanges are like to happen first and the link that I've posted above its just another proof.

As far as crypto ban, still 50/50 to me. And those government can suddenly do a 360 U-turn and either accepts or ban bitcoin. The battle is still raging out there. Maybe at the end of the year, we will see what direction nations around the world would take on cryptos.

Blockchain hack? I seriously doubt it will happen.


They stole some altcoin. We're in the bitcoin discussion and this thread is about bitcoin. I'm completely untouched by this news. They held millions in cryptocurrency and didn't know how to set up an offline wallet. I've never had any XEM and don't care about it. Comparing it to Gox is baseless. Stealing an altcoin, whatever it's worth, will never have a huge impact on the price of all other cryptos. Only BTC influences altcoins, not the other way round.

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March 04, 2018, 04:01:51 PM
 #56

In curiosity, I know all of these can hack the price of Bitcoin, but the question is, which in your opinion is most likely to happen first?
I think it would be government banned bitcoin which is already happening when some countries like China and South Korea.It truly affects bitcoins price when these two countries they started to regulate bitcoin in their country.Most especially that China  has greater population that makes  increases growth of popularity of bitcoin,so when bitcoin is prohibited in their country prices  of Bitcoin drops.I have read in thos thread that China banned bitcoin because they want to create another coin.Since China is widely known in making immitation of their products so i just guess if that the information is true.

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March 04, 2018, 04:30:31 PM
 #57

Major Exchange Hack also can makes the price dropped but usually it will not last long but in my opinion compare from these cause above which have big impact to makes the price of bitcoin dropped and also makes bitcoin users starting to panic is Government Ban and if i'm not mistaken china has been did this recently and people was panic even not only bitcoin almost all of major cryptocurrencies were dropped too
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March 04, 2018, 04:37:38 PM
 #58

Exchanges hacks already happened and it can damage the price but taking into consideration the current scenario, a government ban will definetly going to hurt bitcoin prices as some of countries already banned cryptos or implementing limits/restrictions.

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March 04, 2018, 04:54:28 PM
 #59

If you will ask my opinion, I will not want any of these three things to happen. However, exchange hack had already happened in past and it is sad that so many investors lost all their money without their fault. Government ban has also occurred in some countries but blockchain hack is not going to happen unless the developers are involved.

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March 04, 2018, 04:59:05 PM
 #60

Goverments are unlikely to bad Bitcoin. I doubt they are not eager to use this new fancy technology.
As for the the Exchange hack, it happened and it's still going to happen.
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