What is the biggest threat to Bitcoin?

[Shasha80]

For now there is no serious threat that hit the crypto world, although there are some countries prohibiting crypto but the use continues as usual, the news spreading now the government began to ban cryoto users throughout the country but this has not been fully responded to by the wider community because they have also previously made statements about the use of crypto, If a country actually implements a crypto ban then this will be a serious threat to the population of that country because if we continue to force then we will definitely deal with the law, and the effect will also affect other countries and the value of crypto.

There are several major threats to Bitcoin, including governments banning Bitcoin, scammers, hackers and Bitcoin abuse. All of these are indeed not
serious threats that can make Bitcoin die, because all these threats have solutions to overcome them. Of course all threats to Bitcoin will harm
Bitcoin users, because it can make the Bitcoin price fall. Fortunately the Bitcoin community is very strong, although many things threaten Bitcoin,
Bitcoin is still growing rapidly.

Its not a surprise that even though a lot of factors have threaten bitcoin, but all of them have never succeeded. Instead of pulling down bitcoin, bitcoin value is even gaining higher. For me, the biggest threat to bitcoin right now is that if all those countries who have adopted bitcoin will now turn their backs from bitcoin because they have been influenced by some developed countries, then maybe by that time we will see a huge decline in the price of bitcoin. But i know, things like those might temporarily ruin crypto, but i know it will always bound to recover again.

That's why I'm so confident in the future of Bitcoin, because with so many threats to Bitcoin, but Bitcoin can still grow and the price of Bitcoin
continues to rise higher and higher. Usually everything that threatens Bitcoin will make the Bitcoin price go down first, but soon Bitcoin price will
recover. Likewise with the biggest threat you mentioned, it will only make Bitcoin go down temporarily. As long as we can be patient holding
the Bitcoin we have and not affected by all the things that threaten Bitcoin, we can make the profit we want.

[AicecreaME]

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.

Personally, I think regulation would be the biggest threat to bitcoin. If the government manages to regulate bitcoin, it can do more harm than good. Regulation means the death of the decentralization of bitcoin. If the government would do this, the nature of bitcoin would lose its essence. Bitcoin is decentralized and it was made to be like it so that we can be free to do anything without the need to ask for permission or consent from anything we do from the state. I think the regulation of bitcoin will defeat its purpose if done without a limit. Decentralization is what makes the security of bitcoin more reliable compared to that of centralized ones. In addition, it makes bitcoin more stable. Although regulation of bitcoin won't be easy work for them. I also don't think they can do it. It's very unlikely to happen, but the possibility is there. The chance of success is very little though.

[ChiBitCTy]

I think the biggest threat to bitcoin is easily government "intervention".  Let's set if the United States Government wanted to "ban bitcoin".  Well no one can technically ban bitcoin but they can make it hard to buy/sell/trade bitcoin but disallowing exchanges to be able to transact in their borders. This would force the common investor out.

[zanezane]

Probably the people, they're the one's that make the value of bitcoin and if they were to ever do something that will definitely make the market tremble, it will definitely be catastrophic, remember when 2017-2018 crash happened, a lot of crash happened because the people believed in what they're seeing and so they end up believing in it which resulted to the sell off at that time.

[Ngewex Yuk]

I think the biggest threat of bitcoin is the security system, because bitcoin is only available online so anyone has the opportunity to hack our wallet, right now it sounds impossible but we often get hacked cases, technology will continue to develop and I believe one day the bitcoin algorithm can be guessed so bitcoin is worthless again.

[Marvell1]

Government is the biggest threat to bitcoin, if all countries unite to get rid of bitcoin this will be the end of bitcoin. But I think that can't happen anymore, bitcoin is gradually being accepted in many places and legal tender in some countries. One China can't stand in the way of bitcoin, no matter how many threats but bitcoin is still growing and increasing day by day, let's firmly believe in bitcoin.

[ziyaaa]

I don't think that the biggest threat to Bitcoin is countries' banning Bitcoin. China's imposing a ban on cryptocurrencies has already proven this. Bitcoin was affected a little first but this affect was gone after a short period of time. Bitcoin price is even on a very big rise now. So I think that the biggest threat is the rate of demand for Bitcoin. If nearly all people stop using Bitcoin someday, then there will be really hard days waiting for Bitcoin.

[dastardleek]

World's most populous country has banned "all crypto transactions" and that barely reflected on Bitcoin's price. I think that proves a decent level of regulation-resistance.
Major Western institutions and investors recognise it as a valuable asset and as holders automatically become proponents.
There will no doubt be more regulation, more turmoil and price fluctuation but at this point government interference is not a major threat.
That's globally, of course. Locally governments may very well threaten your personal wallet but that's another matter.

In terms of any altcoin superseding Bitcoin, well there are already coins that technically have a high price but limited sue like YFI and GUH (which was much higher than bitcoin for a brief moment this year).
And they don't seem to threaten Bitcoins dominance any -- they're purely financial instruments.

The biggest threat to Bitcoin... Perhaps that would Bitcoin becoming ubiquitous, boring and unremarkable?
 

[suryana]

That's right .. I agree with you .. the biggest threat when bitcoin is regulated by government regulations that harm us as bitcoin holders. This is what is worried if bitcoin is held by the government. Eliminate the centralized nature of bitcoin. Where we will no longer be free to seek profit from bitcoin.

[bixiiMaphi321]

Despite fairly steady growth over the past decade, Bitcoin is still a market facing a risky future. Bitcoin will have to continue to struggle to develop step by step and claim a more promising position in the future. The biggest threat to Bitcoin's future:
 - Miners lost confidence: after the price of Bitcoin went down, thousands of Miners fell into trouble with consecutive losses, even many factories selling mining machines went bankrupt.
 - As users become more conscious, Bitcoin may be shunned in favor of anonymous coins and altcoin may even become insecure.
 - Attacks of hackers listening to this very fertile cryptocurrency market. this even had a negative impact on the BTC price, causing many investors to give up.
 - Many factors outside the crypto community still have a great influence on Bitcoin or BTC investment.

[Assface16678]

There are things that makes an impact in bitcoin but some are not should be considered as threat. Here are the examples that I could think of: FUD, Price manipulation, Pump and Dump and banning of it in some countries. If a news suddenly spread with among these examples, the price of btc will suddenly be affected most of the time is to decrease. Feel free to add additional information regarding to this.

[Viscore]

There are things that makes an impact in bitcoin but some are not should be considered as threat. Here are the examples that I could think of: FUD, Price manipulation, Pump and Dump and banning of it in some countries. If a news suddenly spread with among these examples, the price of btc will suddenly be affected most of the time is to decrease. Feel free to add additional information regarding to this.

The only thing that can be a threat to bitcoin here is banning from different countries. Maybe we had overcome bannings from China but i think if another countries will do such thing like that, then maybe bitcoin will experience another crash again. But for now, i can see that the biggest threat for bitcoin is the government alone. As long as the government still oppposed to bitcoin's legalization, then it will always be a big threat. No matter how strong bitcoin as an investment, if its not going to be legalized and creates massive adoption, then its definite goal will never be achieved.

[Kusman]

The biggest threat to Bitcoin is not most countries' banning it actually. We saw that when China banned cryptocurrencies not a long time ago. The market has lost so many investors but still there is no problem at all. The FUD didn't work this time and the market is even on a very positive run now. The biggest threat would be a big decrease in the rate of demand for Bitcoin. The less the demand, the weaker the coin is.

[Ryker1]

The biggest threat to Bitcoin is not most countries' banning it actually. We saw that when China banned cryptocurrencies not a long time ago. The market has lost so many investors but still there is no problem at all. The FUD didn't work this time and the market is even on a very positive run now. The biggest threat would be a big decrease in the rate of demand for Bitcoin. The less the demand, the weaker the coin is.

Well in short, --loss of mass adoption will be the biggest threat to bitcoin becomes shutting down. But I think that will never happen and also it will never happen that it will turn to zero value. The biggest threat to bitcoin is that when the country did not understand how bitcoin will work and instead of legalizing it they will ban just because they can put tax and regulate bitcoin. In short, governments are the biggest threat to bitcoin becomes weaker, but no matter what it will never depend on that situation. The adoption will grow and grow since they know that it has value in the future.

[Maslate]

Despite fairly steady growth over the past decade, Bitcoin is still a market facing a risky future. Bitcoin will have to continue to struggle to develop step by step and claim a more promising position in the future. The biggest threat to Bitcoin's future:
 - Miners lost confidence: after the price of Bitcoin went down, thousands of Miners fell into trouble with consecutive losses, even many factories selling mining machines went bankrupt.
 - As users become more conscious, Bitcoin may be shunned in favor of anonymous coins and altcoin may even become insecure.
 - Attacks of hackers listening to this very fertile cryptocurrency market. this even had a negative impact on the BTC price, causing many investors to give up.
 - Many factors outside the crypto community still have a great influence on Bitcoin or BTC investment.

This is somewhat discouraging for the people who are not techy enough in terms of how to secure their wallets online. We're prone to this thing and so many people had claimed that they were hacked and that is probably because they are also careless leading with their keys and gadget.
And aside from getting prone to hacking, one thing we are also worried about is the price. Any time it can be in the dump, people might lose their minds and sell them. And this could affect the trust of people especially for the newcomers and those who have a plan to invest, they become doubtful.

[oktana]

IMO, the biggest I think are the influencers! Sounds weird but think of the effect of tweets made by Elon Musk. He makes a tweet and plays with the fragile (volatility) part of Bitcoin, which I consider to not be good for Bitcoin even though he doesn't mean bad. But! have you ever wondered what will happen if an influencer just like him uses their platform to dissuade people to not use Bitcoin. In such a case, we'll face a huge market crash depending on how big the person is. Thinking of this makes me skeptic most times because you don't know the evil that the government are paying people to carry out.

[Peanutswar]

As for now, the bitcoin is currently in a good move of course the only threat is the government some of them are now already terminated most of the transactions with the use of the bitcoin or the bitcoin itself. Well its not too much threat but to those only have countries with restrictions and also the market volatility to the bitcoin holders. But the main threat to the bitcoin i guess so far does not have because even the altcoins cannot surpass the market price of the bitcoin.  Bitcoin already prove a good market movement since 2017 it build so much strength.