What is the biggest threat to Bitcoin?

[wiss19]

Various individuals quit using bitcoin because they got misled in past.
One of my companions did profoundly contribute with bitcoin when he attempted to sell them he got scammed by an unknown person, which lift their heart from the bitcoin innovation and he never returned.

People who spread malware to other's computers to mine or steal their bitcoins are one of the greatest dangers to bitcoin as a whole. Mostly new comers don't know much about bitcoins and install some random software that contain virus and will blame bitcoin because they disappeared form the wallet.

These are not the biggest threats because we need to talk about few points with newbies as they enter they have to be very careful because this can happen to every one some good number of rumors around us for stopping this all, and sadly we have no authentic and solid system which can guide peoples how to handle these scams and virus can disturb in other digital related things as well because negative mind peoples working around the globe for their own sack.

Right now if developers are had sometime then surely they can bring some better safety measures because it's need of time for crypto community which is already suffering from many ill mind developers those are bringing fake projects for own profit which is coming from hard-earned money of common peoples.

[blckhawk]

i think the biggest threat to bitcoin right now is that, some countries in the world are banning bitcoin. this can result in the lessening in the demand for bitcoin. if the demand for bitcoin starts to lessen then also its price will lessen because there will not be enough supply that will circulate. thus making this the biggest threat for bitcoin so far.

[Sir Legend]

I think the biggest threat of bitcoin is that many countries have banned bitcoin, if the bitcoin community gets bigger, of course they will take concrete actions such as restricting it tightly or creating programs that can disrupt the blockchain, so that a large community becomes a threat to bitcoin.

[JohnBitCo]

I think the biggest threat of bitcoin is that many countries have banned bitcoin, if the bitcoin community gets bigger, of course they will take concrete actions such as restricting it tightly or creating programs that can disrupt the blockchain, so that a large community becomes a threat to bitcoin.

If one or two countries ban bitcoins that would have no effect on bitcon however if all the contriew comes up with a mutual conseus to ban bitcoin then it will be a big threat for bitcoin.

[King Raymond]

It's true government regulations has its way of treating the bitcoin run harshly, but unfortunately for everyone hoping for new all-time high or at least a greater value, whales and top influencers also have a way of getting a grip of some gold and make off, dragging down the bitcoin price. We've have seen that happen in the past and it's very likely that it'll happen again soon once this whales have loaded up enough profits for themselves. So yes, bitcoin has other threats i would say are underrated

[Jawadu]

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.

Of course yes! It'll be very bad if some governments will start banning Bitcoin at this moment because it seems like it's the moment that Bitcoin got recognized by many people compared to the past..."Growing".

Another biggest threat to bitcoin is if giant exchanges like Binance, Gate, Blockchain, and so on will be hacked. I always pray this to not happen because Bitcoin already changed my life by 50%

[Kittygalore]

i think the biggest threat to bitcoin right now is that, some countries in the world are banning bitcoin. this can result in the lessening in the demand for bitcoin. if the demand for bitcoin starts to lessen then also its price will lessen because there will not be enough supply that will circulate. thus making this the biggest threat for bitcoin so far.

It's not really a problem, there's a hundred countries, as long as not everyone bans, bitcoin will live plus those bans will have to go on an extensive hearing knowing that it's going to cause public clamor and at the same time most lawmakers won't easily agree with each other.

[glendall]

Bitcoin's biggest threat is if some countries in the world reject and ban bitcoin, especially big countries like Russia, the US, China, the UK, where we know that most of the market share and crypto comes from Russia, many miners from China and the USA are superpowers.

[Masplanc]

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.

It's simple not a new thing for everyone, we all know the biggest threat to Bitcoin is the government, due to they are not in charge . Since they can't regulate Bitcoin they will try to fustrait Bitcoin

[marilynmanson21]

government is the biggest threat to bitcoin. we can see that the country that is aggressively banning bitcoin at this time is china, there are many impacts when the ban occurs in the next 1-2 months let's see in the future and besides the government, exchange hackers are a very bad threat in the crypto world I think

[LimLims]

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.

This might be a controversial question, and yes it should be discussed to make everyone have a clear direction.
According to me the biggest threat to Bitcoins is their users only.
If they don’t become responsible while keeping their Bitcoins safe, then they gonna blame the Bitcoins ecosystem.
And moreover Bitcoin is decentralised in nature.
Therefore it’s safe from government and no governing bodies can ever be threat to BTC.

[qwertyup23]

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.

Government prohibitions, market shift, and new innovations in cryptocurrencies.

Those are some of the factors that may render BTC obsolete in the following years to come. But government prohibitions might be one of the biggest cause that may cause BTC to fall in its price. Imagine if countries were to prohibit the regulation and transaction of such coins. From that perspective alone, millions of people/users would face such inconvenience in which BTC is trying to provide.

[cotton ball]

Potential for scamming and phishing in practice
Very volatile price fluctuations, instant profits, and disappear because they are very dependent on supply and demand
No third party regulates
High risk of bankruptcy of crypto asset companies
Liquidity is not smooth: in looking at crypto assets, it is necessary to look at existing crypto companies

[geegaw]

I think the biggest threat of bitcoin is that many countries have banned bitcoin, if the bitcoin community gets bigger, of course they will take concrete actions such as restricting it tightly or creating programs that can disrupt the blockchain, so that a large community becomes a threat to bitcoin.

If one or two countries ban bitcoins that would have no effect on bitcon however if all the contriew comes up with a mutual conseus to ban bitcoin then it will be a big threat for bitcoin.

Such a contract of the century may not appear because a contract between nations will include relations, hostilities, allies as well as the value this contract provides, although the territorial parties between the countries keep a neutral attitude and rarely attack each other but I believe they have mostly confirmed the enemies of each other and they will go against the rules the enemies make, no story of coincidence and unanimous decision. Threats can come from a control bloc assembled by many members of the nations, growing up also needs a foundation and framework, can't let bitcoin be stubborn

[Dhoe]

the biggest threat of bitcoin if in my opinion is the possibility of the superpower of the united states, and also the government, which has power, and can control whatever they want to do, and also the internet, because we do all investment and trade and exchange must be through the internet, so a threat serious tang is the internet..

[Vaskiy]

Bitcoin has overcome more threats and has reached this position. The participation of large corporate companies is kind of a threat, and it is also a good news for the progress of the cryptocurrency market. When the large scale networks get into the market, automatically they'll try to acquire and have control over the market. Oppositions against the usage of cryptocurrencies are seen around the world.

[bitbunnny]

To my opinion the biggest threat to Bitcoin at the moment is China. No matter what we think about that country it's very influential on a global scale and its negative attitude towards Bitcoin and harsh regulation might also have negative global impact. It's not something that it couldn't be overcome however at certain moment it might make some harm.

[Saidasun]

The government will always be the biggest threat to Bitcoin because they have the power to ban it. Look at China and how they banned any cryptocurrency from being traded if all governments decided to ban Bitcoin then it would be very difficult to trade Bitcoin to fiat I would say unless you are buying Bitcoin with cash it would be impossible since the government could track it. Even if cash to Bitcoin was possible most people would not want to do it because they would have to reveal their identity and there are other security risks when dealing in person. I think most people including me would stop using Bitcoin if it was made illegal.

[Rana590]

The government will always be the biggest threat to Bitcoin because they have the power to ban it. Look at China and how they banned any cryptocurrency from being traded if all governments decided to ban Bitcoin then it would be very difficult to trade Bitcoin to fiat I would say unless you are buying Bitcoin with cash it would be impossible since the government could track it. Even if cash to Bitcoin was possible most people would not want to do it because they would have to reveal their identity and there are other security risks when dealing in person. I think most people including me would stop using Bitcoin if it was made illegal.

Absolutely you are right on this statement and it is impacting on the total price of Bitcoin all over the world. I don't know why government are afraid of it. It's a digital currency that will help in economic system but they seem that it will be harmful step to accept bitcoin. Hopefully they will understand the value of Bitcoin very soon.

[Rokon5]

Bitcoin is more powerful than others.We hope it will achieve his goal as soon as possible. Question is biggest threat to Bitcoin. My option is the biggest threat to Bitcoin is hackers and also permission from the government.