What is the biggest threat to Bitcoin?

[sayaya17]

We were all interested by the story of Bitcoin when we first heard it. The unique properties and characteristics that blockchain technology has to offer have made a huge positive impact on the people who adopted it. Although there is a risk behind the unique bitcoin. And I think this risk makes a group of people do not want to use bitcoin any further. It’s the fact that the problems faced by cryptocurrencies can raise concerns. So for many people, these concerns can pose a threat and the government does not legalize cryptocurrencies.
But actually, this is not a threat, it might be more appropriate to say this is a concern. Or it’s up to people to interpret it.

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[Sammy9ce]

51% attacks, viruses and governments are among the top threats to Bitcoin, black market activity may damage reputation and Usefulness.

[jademaxsuy]

The creation of strong computers like I do not know if it is possible but high chances due to fast growing technology we have today. As we can check a short background or history of the computer where it started so slow process and if we can compare nowadays in which there are strong computers already made. With strong computers bitcoin hashes or algorithm can easily be solved or puzzle in which miners are doing it for transaction confirmation. Now, if these computers will be created high chance it can defeat the current bitcoin system and gradually no one wi believe in bitcoin that if there will be strong computer created.

[bakasabo]

I think that lack of access to the internet and computing power are the main threats to Bitcoins. Everything other is just a temporary inconveniences.

Prices can be corrected, market can be influenced by numerous factors and threads be avoided, issues with government can be negotiated, attacks can be foreseen, predicted and avoided.

[chichidori]

Biggest threat are those that take advantages of people who is new crypto, bitcoin have proven to be resilient to politics and whatever the government throws at it and a while back we have seen a new milestone and how crazy bitcoin can be, but there is also CBDC proposal which supposedly  act as a fiat currency for the country using it the project have been in discussion for years and are now conducting a test run on china.

[jeniferqueen0409]

Perhaps, the biggest threat to Bitcoin is governments around the world. Because when Bitcoin prices so high and it attracts more and more investors to join and transact through government banks can using laws to limit or prohibit Bitcoin. I don't like this situation.

[EmJay]

Everybody looks so happy and optimistic about Bitcoin bull rally, everything is going fine for the crypto king and many expect it to last forever including myself. Do you really think so? I'm not talking about some corrective retracement, which is healthy for the market too.
What do you think can be the biggest threat for Bitcoin in current situation? In my opinion it can be only some sudden governments shift in regulations and laws to ban Bitcoin (which I don't really think may happen), otherwise there are basically no obstacles or threats.

I don't really the government regulations and laws is the biggest threat in bitcoin. This is not new as in some other country cyrptocurrency is banned but stil bitcoin is stronger and getting popular. It may affect but not the main factor of threat. I think we are people who are into bitcoin can affect  or will be considered as a threat to bitcoin because we are sometimes in panicked over the changes in price of bitcoin.

[oprahwindfury]

Basically bitcoin is decentralized and super secure so this is out of danger and  a bit of anxiety if the government of some country announced about the ban of bitcoin altogether.Then It can be a bit of downfall but as this is decentralized so it's fine and same commitment about the bitcoin from few country government is very rare so there is actually no threat for the bitcoin.

[Debonaire217]

Basically bitcoin is decentralized and super secure so this is out of danger and  a bit of anxiety if the government of some country announced about the ban of bitcoin altogether.Then It can be a bit of downfall but as this is decentralized so it's fine and same commitment about the bitcoin from few country government is very rare so there is actually no threat for the bitcoin.

We always think that the government isn't benefiting from cryptocurrencies as a whole, but in fact, there are some good regulations already established by the governments around the world, they only differ to some extent such as the issues in India before why they banned the use of Bitcoin. But for those countries who have a broader view of what cryptocurrencies are and their benefits, it will solely depend on the people responsible for the law whether they should impose more regulation on it.

Going back, companies arise from all over the world that also focus on blockchain and crypto. And from that, the Government could still gain taxes not directly from the blockchain, but from the fees such as some centralized exchanges.

[$crypto$]

I think the threat to bitcoin is not really a cause for concern because only a handful are playing a role behind it and it doesn't go away, it's just that controlling the price might happen.
But as long as many communities like bitcoin, it will not be a threat if it is linked to the government, it is only legal or not, so it can be determined by the regulations.
The whales can be in control of the price but still they have thoughts of wanting higher prices in their own way.

[pragna]

Everybody looks so happy and optimistic about Bitcoin bull rally, everything is going fine for the crypto king and many expect it to last forever including myself. Do you really think so? I'm not talking about some corrective retracement, which is healthy for the market too.
What do you think can be the biggest threat for Bitcoin in current situation? In my opinion it can be only some sudden governments shift in regulations and laws to ban Bitcoin (which I don't really think may happen), otherwise there are basically no obstacles or threats.

I think this threatening will not be a big factor at present market because crypto lovers now know about this kind of news and alternative way many govt or organization now accepting BTC. So I think now there is no threatening for btc in market and this is time to move forward for btc and we will be partner with it.

thanks.

[gregy45]

The new cryptocurrency Unit-e, created by North American researchers, is several thousand times faster than Bitcoin. Therefore, it can become a new threat to Bitcoin.
A group of scientists from the Massachusetts Institute of Technology (MIT), Stanford, and the University of California, Berkeley have developed a new cryptocurrency under the working name Unit-e. The project was funded by the non-profit organization Distributed Technology Research (DTR), which includes representatives of seven major us universities, and this was its first initiative. Pantera Capital, an investment blockchain Fund, also supported the development of the project.
The Unit-e virtual currency has managed to surpass Bitcoin, Etherium and other current tokens, although not yet in terms of value. The project developers managed to solve the problem with high system speed: the Unit-e network can process up to 10 thousand transactions per second.
Despite the promising cryptocurrency Unit-e and attempts to modernize existing transaction systems, the crypto market is still declining amid increased distrust of large investors.

[skpanchal]

Every little time some piece of FUD News comes out (FUD is acronym for fear, uncertainty and doubt) or something happens in the market and the market cap goes down a bit so many Amateur Investors who have probably invested to much money they can’t afford to lose, start to panic, make terrible decisions and it snowballs bringing the market cap every further down, then once they have lost all this money they complain about the market and cryptocurrency like it wasn’t even their fault that they lost their money in the first place, spreading more FUD around.

[Crptomagma]

The centralized Authority is the biggest threat to bitcoin in my own opinion. There are many other threats to bitcoin like the environmental factors but I see the centralized Authority like the highest threat to bitcoin because in time of bullish government bitcoin might not be favored. It’s no longer a news to us that the centralized government is trying to take over bitcoin in some manner, like many banks are now buying bitcoin.

Bitcoin is in struggle with the centralized Authority because bitcoin is a decentralized currency and is becoming world most valuable digital currency and can be easily converted to fiat through many Cryptocurrency exchange platform.

[witcher_sense]

Given that bitcoin is a decentralized system, the security of which mainly depends on the number of people willing to provide this security via using full nodes and mining nodes, I think the biggest threat to bitcoin is that people will suddenly decide they don't need a sovereign form of money, they don't need censorship-resistant mining and will start selling their freedom and privacy in exchange for convenience.

[TheUltraElite]

Perhaps, the biggest threat to Bitcoin is governments around the world. Because when Bitcoin prices so high and it attracts more and more investors to join and transact through government banks can using laws to limit or prohibit Bitcoin. I don't like this situation.

We think like that because that is what is the problem to us as bitcoin users. But think deeply is that everything that is holding back bitcoin from mainstream coverage in a more positive approach? I think there are bigger institutions that have seen potential in bitcoin and thus demeaning it in order to stock up their own stashes of bitcoin, so that in future when price rises they make a profit.

Many banking institutions have also incorporated blockchain technology into their software and services. With this, I believe the future is bright for bitcoin. If things become better governments might also become lenient about crypto.

[AniviaBtc]

I think institutions and whales are biggest threat to bitcoin as government or regulators will only make attempts to create panic among people by banning Bitcoin which is not possible at this moment but whales are already involved into Bitcoin share as they hold huge amount of Bitcoin using which they can steer the market price which will make it like a gambling so Bitcoin might somewhere lose it's decentralised nature when people or group can control it.

That's so obvious that whales are the only one who have the biggest impact in bitcoin's price.

Being selfish is really what can destroy bitcoin, they can have a full control about the fate of bitcoin so it is really hard to deal with those whales.

That's the disadvantage of having whales when we deal with the market peacefully, they are just making the market price of bitcoin very cruel for us and we are only relying on them. But still, good observation and decision making will make our bitcoin investment still profitable even if we are dealing with the biggest threat on bitcoin's price.

[Janation]

All I see is whales and the government.

With a lot of people using Bitcoin, I think if the government would limit their use of Bitcoin they would be having a hard time selling and buying them. Despite being decentralized, lesser users mean lower demand means lower price. In terms of price, I think hackers and scammers could also be a threat to Bitcoin and other cryptocurrencies.

[Cryptoreflector_666]

Everybody looks so happy and optimistic about Bitcoin bull rally, everything is going fine for the crypto king and many expect it to last forever including myself. Do you really think so? I'm not talking about some corrective retracement, which is healthy for the market too.
What do you think can be the biggest threat for Bitcoin in current situation? In my opinion it can be only some sudden governments shift in regulations and laws to ban Bitcoin (which I don't really think may happen), otherwise there are basically no obstacles or threats.

The biggest problem for bitcoin may be that the government will simply ban its use once and for all and all crypto exchanges will be outlawed. Of course, some advanced States that understand the value of bitcoin will leave it as a secondary tool, but in most cases, a complete ban will first lead to a decrease in the cost, and then to a complete zeroing of the price of bitcoin.

[CyberKuro]

Everybody looks so happy and optimistic about Bitcoin bull rally, everything is going fine for the crypto king and many expect it to last forever including myself. Do you really think so? I'm not talking about some corrective retracement, which is healthy for the market too.
What do you think can be the biggest threat for Bitcoin in current situation? In my opinion it can be only some sudden governments shift in regulations and laws to ban Bitcoin (which I don't really think may happen), otherwise there are basically no obstacles or threats.

The biggest problem for bitcoin may be that the government will simply ban its use once and for all and all crypto exchanges will be outlawed. Of course, some advanced States that understand the value of bitcoin will leave it as a secondary tool, but in most cases, a complete ban will first lead to a decrease in the cost, and then to a complete zeroing of the price of bitcoin.

The biggest market for bitcoin probably in the US and EU, but the authorities have issued regulations regarding cryptocurrency and exchanges, so no need to worry about it.
The biggest threat that can affect the rally perhaps a hacked exchange that led to the loss of bitcoin worth billions of dollars.