Quote from: ivanst776 on August 09, 2017, 03:25:31 PM

Quote from: gabmen on August 08, 2017, 03:37:00 PM

Quote from: romani245 on August 07, 2017, 11:08:49 PM

Quote from: fullhdpixel on August 07, 2017, 10:24:24 PM

But guess what? Bitcoin have always found a way to recover. A digital currency with the largest community, and that makes it able to achieve anything, if the people work together.

True, for the most part. I can think of a few scary scenarios, though. What if SHA256 gets broken? Will the entire community be able to quickly agree on a replacement algo? What if quantum computing threatens competitive mining? There are some existential threats to Bitcoin that it might not be able to recover from.

Very gloomy insight though you've hit the correct thought. It basically means that bitcoin can crash anytime for several reasons. So even if we're all confident about our btcs and its future, it won't hurt to have a back up plan formulated in case things like that happen

It is always good to have plan B in order to cut down the risk of losses if the plan A fails.
Though I am not doubtful about the bright future of Bitcoin but still would suggest having some backup investment plans. Bitcoins a great future ahead, so it is wise to invest large portion of your savings into this digital currency.

Right we don't depend on only one plan we have to make alternative plan to execute. Like that investing your all money in bitcoins is not a good idea. But investing your side income in bitcoins is a good idea it will not affect your main life, and you can double your side income if the price of bitcoin is doubled. I don't have any idea about the future of Bitcoin, but now it is the best investment to make money.