What Could Make Bitcoin Drop To $5?

[kapalmabur]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

in my opinion it will not happen, Bitcoin has now spread all over the world, many people have bitcoin,
although there are some people who manipulate prices, but prices will not go far down to $ 5, that's a funny thing in my opinion,

[Wexlike]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

in my opinion it will not happen, Bitcoin has now spread all over the world, many people have bitcoin,
although there are some people who manipulate prices, but prices will not go far down to $ 5, that's a funny thing in my opinion,

Bitcoin will do well. Think about it. Are the people going to be hit hardest by a recession going to be crypto early adopters? Probably not. It’ll be the working class poor people. Middle / upper classes would prob flee to gold / btc depending on their age once shit hits the fan.

Sure some will have to sell their coin to keep the lights on but I think you’ll see more crypto buyers then sellers in a down turn. Bitcoin was literally born out of that mess. Banks on brink of bailout.

[milewilda]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

Another day another unrealistic presumptions of "what if" questions on such price. Going back to $5? Then definitely theres another coin
which had already replaced bitcoin into its place come to think going that low does signify lots of interest and trust towards it which means
you cant say that you would purchase up those cheap btc on that time.Im pretty sure that you wont really be that confidently enough to buy.

[Taskford]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

in my opinion it will not happen, Bitcoin has now spread all over the world, many people have bitcoin,
although there are some people who manipulate prices, but prices will not go far down to $ 5, that's a funny thing in my opinion,

It will not happen if there's a huge adoption will came to bitcoins but what if not? And Bitcoins will be out powered? For sure the price will be affected and we can see the fall down. But let's not worry about this since for sure even though there are assumptions that something bad happen there will be another light that can make the bitcoins go up and became more stronger and actually I'm fully impressed on bitcoins for the past years since even how large the downfall came it bounce back and gain huge impact.

[Andrews193]

bitcoin fall under 3500 usd per btc last year . then some of traders think it will continue fall. but look to prices now
your speculation is false. It created from fear. my advice is when you want to analyze future prices, you should use logic and all aspects. not the only downside. if prices were to crash to those steps, they would have been crashed since years

I don't think his prediction is wrong, it's just in the wrong times because at the current stage, the price of bitcoin is still at a fairly good level and always stays at four digits, and so we cannot accept the price of bitcoin as he is saying, it's too false and too inconsistent with the data being provided every day. However, the further future in this regard, it may be an accurate prediction when the product is always glorious and finished, it is only slow or fast, and the answer to this question is the future but it will be the future of the next generation, when something innovates and replaces.

[smyslov]

Every hacking attempt drops Bitcoin price to low level, so if a group of hackers can hack wallets exchange and they find vulnerabilities on private keys, then it's possible that Bitcoin will hit $5, or even lower, but we have proven that Bitcoin is very secured but if there is a super computer that can disrupt the ledger or erase the blockchain info, then that would be a disaster.

[AjithBtc]

Every hacking attempt drops Bitcoin price to low level, so if a group of hackers can hack wallets exchange and they find vulnerabilities on private keys, then it's possible that Bitcoin will hit $5, or even lower, but we have proven that Bitcoin is very secured but if there is a super computer that can disrupt the ledger or erase the blockchain info, then that would be a disaster.

There is nothing as disaster for the entire network to make the price fall to $5 or even lower to it. No matter the vulnerabilities and the threats with the security of the network, the price isn't gonna fall low to $5. As the adoption keeps rising same will be the development of the network. Years back it is possible to mine with normal desktop. Today it isn't possible anymore. So, to the growing market there is continued development which won't let the price fall at any cost to such a low value.

[Wexlike]

Every hacking attempt drops Bitcoin price to low level, so if a group of hackers can hack wallets exchange and they find vulnerabilities on private keys, then it's possible that Bitcoin will hit $5, or even lower, but we have proven that Bitcoin is very secured but if there is a super computer that can disrupt the ledger or erase the blockchain info, then that would be a disaster.

There is nothing as disaster for the entire network to make the price fall to $5 or even lower to it. No matter the vulnerabilities and the threats with the security of the network, the price isn't gonna fall low to $5. As the adoption keeps rising same will be the development of the network. Years back it is possible to mine with normal desktop. Today it isn't possible anymore. So, to the growing market there is continued development which won't let the price fall at any cost to such a low value.

Only a slow death over 10-20 years would accomplish that 5$ prediction. On the other hand, it could still have some collectors value.

[BigBos]

Every hacking attempt drops Bitcoin price to low level, so if a group of hackers can hack wallets exchange and they find vulnerabilities on private keys, then it's possible that Bitcoin will hit $5, or even lower, but we have proven that Bitcoin is very secured but if there is a super computer that can disrupt the ledger or erase the blockchain info, then that would be a disaster.

I'm not sure that hackers can lower prices, even $ 5. however, the current price effect is due to the need and demand. when bitcoin is no longer used, and is no longer needed, then the price will decrease far even potentially to make the price of bitcoin to zero.
but, until now, the potential for it does not exist, even rumored the price of bitcoin will continue to increase.

[Cherylstar86]

Every hacking attempt drops Bitcoin price to low level, so if a group of hackers can hack wallets exchange and they find vulnerabilities on private keys, then it's possible that Bitcoin will hit $5, or even lower, but we have proven that Bitcoin is very secured but if there is a super computer that can disrupt the ledger or erase the blockchain info, then that would be a disaster.

I'm not sure that hackers can lower prices, even $ 5. however, the current price effect is due to the need and demand. when bitcoin is no longer used, and is no longer needed, then the price will decrease far even potentially to make the price of bitcoin to zero.
but, until now, the potential for it does not exist, even rumored the price of bitcoin will continue to increase.

Hackers may lead a massive panic in the bitcoin community if they are going to hack on each and everyone's wallet but  for me it's impossible to happen in which by hacking those millions of wallet out their takes century. By dropping it to $5, is also impossible to happen since bitcoin is very popular and dominant crypto currency in which many people still hoping to have at least 1BTC, to change their way of living.

[el kaka22]

it's possible that Bitcoin will hit $5, or even lower, but we have proven that Bitcoin is very secured but if there is a super computer that can disrupt the ledger or erase the blockchain info, then that would be a disaster.

I think the best case scenario would be bitcoin having some sort of coding problem. I know it is not really that possible after 10 years but it is still the only possibility that we could come up with. If bitcoins code has some sort of weakness that makes people get as much bitcoin as they can they could print out bitcoin for free which would drop the price list a whole ton and that would be really the end of bitcoin.

If not then we could actually get people think bitcoin is dying to drop the price but it is not really gonna work because mainstream media has been trying to say bitcoin is dying but they have failed so far, there is really not that many ways bitcoin is falling so that is why I think the only possible way would be the coding break or maybe it is called hacking? I don't know but that is the only possibility.

[JeffBrad12]

Every hacking attempt drops Bitcoin price to low level, so if a group of hackers can hack wallets exchange and they find vulnerabilities on private keys, then it's possible that Bitcoin will hit $5, or even lower, but we have proven that Bitcoin is very secured but if there is a super computer that can disrupt the ledger or erase the blockchain info, then that would be a disaster.

I'm not sure that hackers can lower prices, even $ 5. however, the current price effect is due to the need and demand. when bitcoin is no longer used, and is no longer needed, then the price will decrease far even potentially to make the price of bitcoin to zero.
but, until now, the potential for it does not exist, even rumored the price of bitcoin will continue to increase.

The only thing in thought that could potentially force bitcoin's price down is probably if the government across the world cooperating to prohibit the use of any cryptocurrency by that people will avoid bitcoin because of the risk however doesn't meant that price can go down that much to $5 though because some people will just sneak and use it without the government knowing just like how torrent has given freedom to peolpe who want to share their file p2p without any authority interfering and maybe if the blockchain is somehow stuck because of losing hash power considering that bitcoin is still use Proof of Work which means require hash power but the chance for that to happen is really low.

[Colt81]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

It will be impossible for bitcoin to drop it's price to $5 because there are a lot of people who are buying bitcoin today, that is why it will continue to increased it's price in the future. I think the things that could happen to make bitcoin's price to go down is if everyone who uses bitcoin stop buying it and if governments in every country banned bitcoin.

[Febo]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

A flash crash. It would happen only one single exchange. And would recover immediately. So unless you would have buy offer set to buy at $5 you would miss this opportunity. Flash crashes happened in past.

[andycarrol]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

if you say maybe it's very impossible to be able to fall into that price but if it really happens I will feel happy or even I will buy it up by buying 20 bitcoin if it happens many also some investors will bring bitcoin bro..

Are you sure you still want to buy when the price of bitcoin falls to $5? if that happens I think bitcoin is already broken. that means investors have already thrown away bitcoin, so how is it that there are still many people who hope again when it has fallen.

[Ferris419]

Bitcoin value can be zero, anything is possible in this world. If the whole world becomes Zombieland, or if another world war occurs or if the Bitcoin technology compromised then it is possible to see the end of the Bitcoin era! But honestly, I can't think even in a dream all these negative things. Bitcoin is a rapidly growing technology I mean day by day more countries are becoming convinced to endorse Bitcoin then why I need to think in such a negative way? Rather than making these topics I would encourage you to watch The Bitcoin and friends season from Youtube!

[carriebee]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

It will be impossible for bitcoin to drop it's price to $5 because there are a lot of people who are buying bitcoin today, that is why it will continue to increased it's price in the future. I think the things that could happen to make bitcoin's price to go down is if everyone who uses bitcoin stop buying it and if governments in every country banned bitcoin.

I can’t imagine bitcoin will drop to $5, as these days it is stronger and still there are demands. The price could drop if people who have bitcoin will sell all and no demands anymore to happen in bitcoin. But let’s think about the current situation is impossible in my opinion.

[Naida_BR]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

It is impossible to reach those levels after 10 years of living and so big market cap.
If this would be a case we need a lot of years in order to reach this price. Also, strong regulation might be opposed from governments all over the world in order to reduce the usage of Bitcoin and bitcoin mining.

[wxa7115]

bitcoin fall under 3500 usd per btc last year . then some of traders think it will continue fall. but look to prices now
your speculation is false. It created from fear. my advice is when you want to analyze future prices, you should use logic and all aspects. not the only downside. if prices were to crash to those steps, they would have been crashed since years

I don't really think those predictions come from someone that is afraid I think those predictions come from someone that is ignorant of the history of bitcoin, it is simply impossible for the price to go to those levels, but I understand why some may like those prices to come back, they want to be like the early adopters, they want to buy bitcoin when it was really cheap so they can obtain gigantic profits when it goes up.

But we must face the truth those prices are never going to come back, we are never going to see them again, we are never going to be early adopters and yet it doesn't matter because the price of bitcoin will continue to grow during the next years and the only thing that you need to do to obtain profits is to keep holding it.

[Lecam]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

If that happen i will buy 10 btc and i will keep it for a long investment. I think its been possible because bitcoin price start at 1$ at 2009. So 5$ price will be possible too.
I think many are been happy,investor are buying many bitcoin if the price will drop. That is the investor waiting the bitcoin price will down and many are buying too.