Re: Is it possible for the bitcoin to lose it's value ?

Maybe yes and Maybe no there are times that bitcoin may fall but since we are in new technology that runs our world and bitcoins will be change our economy then bitcoin will never lose its value even if wer are going the new generation there's no such thing or any reason for the bitcoin to lose its value untill no one uses it.

As technology is upgrading there's a chance that bitcoin can lose a little bit of it's value but I don't believe that it will completely lose it's value. I have a hint, that the biggest person, CEO's of IT companies are even predicting that bitcoin can be a big blast for the next years to come. I guess they have a plan to pump bitcoin.

Bitcoin will not completely lose its value because it will continue to improve and get some good developments and that will make the price pump and i don't think that CEO of IT companies will pump bitcoin because they are just speculating and i believe on what they think because i am comfortable that bitcoin will touch $5,000 price in the next year.

That's just a guess coming from me. Just like others said that aol has been forgotten and there's a new trend. Friendster has been forgotten because of facebook, so there's always a phasing and upgrade in terms of technology and bitcoin isn't too far from it that's why I guess the same scenario can possibly happen.

This is possible because people are working hard day and night to develop new apps, gadgets and technologies. Bitcoins definitely needed to be updated after every six months to stay in the game. With passage of time, the expectations of people from bitcoins will increase and to meet them, bitcoins need continuous improvements.