Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.
The price of bitcoin or it's value against dollar keeps fluctuating almost throughout the year so it's not to be worried about. The prices drop only to rise higher or at least that's what we have witnessed in the past. The possibility of bitcoin losing it's value is equal to the possibility of bitcoin's value regaining all over again and higher than the previous one. Just hold your bitcoins and make the most of it in the future.
The probability of bitcoins for dying is very low or you can say is on negative part of the scale. Thats true, with every dump bitcoins pump so hard making the holders sit on the top of the world. The dumping of bitcoins should be treated as an opportunity of grabbing more bitcoins rather than a regretful event.