Biggest threats to the price of Bitcoin.

[jaysabi]

in my opinion the only threat to bitcoin is only government. wayback 2017 bitcoin is so popular in media but not as a good example of financial asset but a threat to people a big scam or a bubble. government trying to destroy this kind of digital currency

Government isn't trying to destroy bitcoin. It's not illegal, the government did not rush out regulations. They were pretty slow to even start regulating bitcoin exchanges and other financial businesses, and really it's mostly been the states that have done this, not even the federal government has attempted to regulate bitcoin to this point. It's not credible to believe that government wants to destroy bitcoin, and they've made no attempts to do so.

The government has no rules about it. Even now the government has no authority in destroying bitcoin, what should it be because this world group of bitcoins cannot be destroyed with one government if it wants to.
In fact, I do not think that it is clear that the adoption will gradually occur because in the future this technology will definitely be used in world governments, so still bitcoin cannot be destroyed by any group of people, even I believe there is interference from government people in moving the price of bitcoin.

Definitely no governments with the ability to control the price of bitcoin just as there are no groups with the ability to control the price of bitcoin. The only thing that controls price are the market forces of how much is demanded and how much is available to buy.

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[atjiat]

Many users express their opinion that it is governments that can be a threat to the price of Bitcoin, but it seems to me that as soon as Bitcoin is banned, its price will go up at lightning speed, since this indicates the impossibility of controlling Bitcoin by the regulatory authorities. Although the price will also respond positively to the mass adoption of bitcoin, since with the growth in demand, the price will rise. At the same time, I believe that the biggest threat to bitcoin is not only its poor scalability, but also large cryptocurrency holders who, due to their greedy goals, can bring down the value of Bitcoin.

[lixer]

I really hope that people do not focus on the governments and the companies that got involved with crypto because they are not really something that lasts forever, they are things that we should consider as temporary and that's it. This is why I believe it is vitally important that even if big nations like USA or UK or even China (which already does every few months) bans bitcoin totally, we still get to buy and sell our bitcoin as much as we want as high amount as we can.

Remind ourselves that bitcoin wasn't created to appease governments, on contrary it was created on contrary to them when all they cared about was helping bit companies while screwing over those companies workers. Governments are not your friend, they are corporations friend, or whoever bribes them.

[South Park]

Many users express their opinion that it is governments that can be a threat to the price of Bitcoin, but it seems to me that as soon as Bitcoin is banned, its price will go up at lightning speed, since this indicates the impossibility of controlling Bitcoin by the regulatory authorities. Although the price will also respond positively to the mass adoption of bitcoin, since with the growth in demand, the price will rise. At the same time, I believe that the biggest threat to bitcoin is not only its poor scalability, but also large cryptocurrency holders who, due to their greedy goals, can bring down the value of Bitcoin.

I think that is what governments are thinking as well which is why they are trying to regulate bitcoin, they know that the moment they make bitcoin illegal many people are simply not going to obey and drop their bitcoin, they are going to keep holding it and even this could have the effect of people that were not interested in bitcoin looking at the technology in order to find out why bitcoin was made illegal when it is not something like drugs that affects your body and your mind and that are now being legalized in many countries.

[Fortify]

I'm starting to wonder if the availability of cheap money and the fact that interest rates are so low, it is currently causing a lot of money to flood into all sorts of assets. It's causing record stock market highs even though we are in the middle of a recession, pushing the price of gold up, property is currently more expensive than ever in many countries and bitcoin is simply following that trend. When money starts to become tight again, there might be a quick outflow and it will be interesting to see how bitcoin ends up.

[AndySt]

I'm starting to wonder if the availability of cheap money and the fact that interest rates are so low, it is currently causing a lot of money to flood into all sorts of assets. It's causing record stock market highs even though we are in the middle of a recession, pushing the price of gold up, property is currently more expensive than ever in many countries and bitcoin is simply following that trend. When money starts to become tight again, there might be a quick outflow and it will be interesting to see how bitcoin ends up.

It all depends on how bitcoin will be perceived by the market. If bitcoin is perceived by the market and investors as a protective asset like gold, the exchange rate value will continue to grow. If bitcoin is perceived as a financial or stock asset, then a correction in the exchange rate price is inevitable. The most important thing in this situation is that no one can be absolutely sure about this issue. Also, no one can say exactly when quantitative easing will start to end.

[Spaffin]

I'm starting to wonder if the availability of cheap money and the fact that interest rates are so low, it is currently causing a lot of money to flood into all sorts of assets. It's causing record stock market highs even though we are in the middle of a recession, pushing the price of gold up, property is currently more expensive than ever in many countries and bitcoin is simply following that trend. When money starts to become tight again, there might be a quick outflow and it will be interesting to see how bitcoin ends up.

It all depends on how bitcoin will be perceived by the market. If bitcoin is perceived by the market and investors as a protective asset like gold, the exchange rate value will continue to grow. If bitcoin is perceived as a financial or stock asset, then a correction in the exchange rate price is inevitable. The most important thing in this situation is that no one can be absolutely sure about this issue. Also, no one can say exactly when quantitative easing will start to end.

I believe that Bitcoin is already perceived today as a defensive asset that has real opportunities to act as a storage. In addition, if we take into account the real migration of constitutional capital, as well as investing large sums of money in bitcoins, as a more profitable asset compared to conventional assets, then this is a real confirmation of the attitude towards Bitcoin. But in this situation, it is on the big whales and speculators that bitcoin pricing depends, who manipulate the markets and make high profits on this. I believe that there is no way to prevent such manipulations.

[FlightyPouch]

the most likely example is the play of the whales. those who have bitcoin will sell most or maybe everything they have and automatically the price of bitcoin will drop dramatically. when the price goes down they will buy back bitcoin and make bitcoin price go up.
this will happen continuously until whenever

I don't think they will just be doing that continuously. Whales can actually be a threat to the price of bitcoin but in the past years, we never actually experience a whale selling all their holdings and affecting the market. Bitcoin was affected by scams, by scammers moving their funds, but as far as I know, there are no situations where a whale sold all of his bitcoins to buy again.

[South Park]

I'm starting to wonder if the availability of cheap money and the fact that interest rates are so low, it is currently causing a lot of money to flood into all sorts of assets. It's causing record stock market highs even though we are in the middle of a recession, pushing the price of gold up, property is currently more expensive than ever in many countries and bitcoin is simply following that trend. When money starts to become tight again, there might be a quick outflow and it will be interesting to see how bitcoin ends up.

However governments cannot really do that, as you say we are seeing the markets soaring but the economy is in shambles if money becomes tight then the economy is going to suffer even more, so governments have their hands tied, they have no other option than to keep printing money and hope that everything goes back to normal, but I think things are different now and that it will be inevitable that a crash happens as it is impossible to maintain what we are seeing with the economy right now.

[Wipeout2097]

Actually its all about market when it  request for Bitcoin develops so does it's esteem is genuine that the greatest risk to the cost of Bitcoin is when the whales are within the advertise. Its outcome results down the cost of the coin a part but the days of the whale are over expanding demand based on venture isn't able to overwhelm the advertise. Greatest dangers to the cost of Bitcoin will take a long time to ended up centralised the government of a decentralized bitcoin nation cannot effectively handled.

[Hamphser]

Actually its all about market when it  request for Bitcoin develops so does it's esteem is genuine that the greatest risk to the cost of Bitcoin is when the whales are within the advertise. Its outcome results down the cost of the coin a part but the days of the whale are over expanding demand based on venture isn't able to overwhelm the advertise. Greatest dangers to the cost of Bitcoin will take a long time to ended up centralised the government of a decentralized bitcoin nation cannot effectively handled.

Anything is really been handled by whales when we do talk to the entire community or crypto space yet we know on how the supply had been scattered all over
which we can presume that it cant really be easily go down or crash to the floor.Yes, they might have that significant impact but not always because
market will really recover no matter what as long there's a demand then we can presume that it will really be heading back.

When it comes to threats then government would really be one on the top list as usual where centralization will always oppose with decentralized stuff which means
they can take some significant step that might really be a blockage for full scale adoption but somehow it doesn't mean that it will be completely
on dark sky yet there are various ways on how to bypass or get rid of centralization.

[xSkylarx]

Anything is really been handled by whales when we do talk to the entire community or crypto space yet we know on how the supply had been scattered all over
which we can presume that it cant really be easily go down or crash to the floor.Yes, they might have that significant impact but not always because
market will really recover no matter what as long there's a demand then we can presume that it will really be heading back.

When it comes to threats then government would really be one on the top list as usual where centralization will always oppose with decentralized stuff which means
they can take some significant step that might really be a blockage for full scale adoption but somehow it doesn't mean that it will be completely
on dark sky yet there are various ways on how to bypass or get rid of centralization.

My opinion is opposite since bitcoin can be easily manipulated by whales, they are the biggest threat to bitcoin that can bring the price down to that level. We already experienced it last bear season and some small hodlers with weak hands sold their bitcoin at loss. You can see it when bitcoin's price fluctuates quickly in a day or week.

While we shouldn't be afraid to government about those things. Even now that bitcoin is not embraced by them, many big and popular institutions are considering adding cryptocurrencies on their platform.

[Leviathan.007]

There are many technical or non-technical threats for bitcoin. In my own idea most of the threats came from the fear between new holders there is actually no chance for any government to close and shutdown the bitcoin project bitcoin is not centralized and this is a reason to say shutting down won't be a problem. The other threat can be creating quantum computer and attacking bitcoin, considering the price of creating quantum computer and the hard work it needs, there is currently nearly no chance for it. The other threats can be another economic crisis like covid-19 and increasing fear to dump the price, but since the last price fall people learned to buy bitcoin a lower prices when the prices goes down, so, even if the price falls down bitcoin will recover.

[raidarksword]

In my opinion the biggest threat of the price of Bitcoin is just the volatility of it and we all know we cannot predict the tomorrow for bitcoin but as strong as adoption is still growing, bitcoin will last long enough to see the full adoption we are aiming for since it started. We are currently in the $19k mark and I believe we will hit that ATH soon.

[Vishnu.Reang]

In my opinion the biggest threat of the price of Bitcoin is just the volatility of it and we all know we cannot predict the tomorrow for bitcoin but as strong as adoption is still growing, bitcoin will last long enough to see the full adoption we are aiming for since it started. We are currently in the $19k mark and I believe we will hit that ATH soon.

The prices are hovering around $18,000-$19,000 range for the last few weeks and despite overwhelmingly promising projections, the $20,000 level is proving to be a tough nut to crack. Now I don't have much expectation for 2020, as we can expect a sell-off during the last few weeks of this month, when people look for funds to manage their winter vacations.

[peter0425]

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I was wondering what you guys think is the most likely instances that would cause the price of bitcoin would sink back below say the $5,000 or the $10,000 mark?

I'm sure you have reviewed the market after few weeks after your thread was created and looking for $5,000-10,000 drop what happened is opposite because the Bitcoin had made it almost to $20,000 .

The threat might be there but this is not what market is showing us,or maybe the bad things is yet to come?

[Mauser]

In my opinion the biggest threat of the price of Bitcoin is just the volatility of it and we all know we cannot predict the tomorrow for bitcoin but as strong as adoption is still growing, bitcoin will last long enough to see the full adoption we are aiming for since it started. We are currently in the $19k mark and I believe we will hit that ATH soon.

I agree with you that volatility is a big thing for the bitcoin price. Investors need to be aware that there could still be big swings in the bitcoin price. Expecting that the bitcoin price only goes up could be very bad for the sentiment. The all time highs of bitcoins are not so far away, we might really hit that target before new years eve.

[oHnK]

The threat might be there but this is not what market is showing us,or maybe the bad things is yet to come?

Threats can occur but it doesn't mean that the price will drop to 5000-10000 $, whatever reason I think won't fit the current conditions.  I believe the bitcoin price will remain above $ 15000 in case of a correction in the market price.  Until now, the price of bitcoin is still showing its stability at 18-19k $.  I think it will be fine in the future.

[baundul]

Firstly, Antonopoulos noted that 51% attacks.
The U.S. National Aeronautics and Space Administration (NASA) Jun 20, 2019 confirmed that its Jet Propulsion Laboratory (JPL) has been hacked.  Do you doubt that NASA is immature in managing their work?
Even big social media platforms (Facebook) can get hacked On September 27th. After that, everyone stopped using Facebook.
Hacking is also improving with the advancement of technology.

However, more than 80% of all possible bitcoins are already in circulation.
Can we increase the share of land in the world? So why are we increasing the population?

[South Park]

In my opinion the biggest threat of the price of Bitcoin is just the volatility of it and we all know we cannot predict the tomorrow for bitcoin but as strong as adoption is still growing, bitcoin will last long enough to see the full adoption we are aiming for since it started. We are currently in the $19k mark and I believe we will hit that ATH soon.

Unfortunately the volatility in the price of bitcoin is inevitable, the fact the supply is fixed and it is mined at a constant rate means that whenever the demand goes up significantly that there is not enough supply to cover the demand making the price to go up in the process causing volatility, truth is there is no way around this and I really think that the volatility is not going to decrease in an important manner until a great deal of the people around the world adopt bitcoin.