Quote from: LindaQ on August 29, 2017, 08:31:56 AM

Quote from: AlexSimion on June 14, 2017, 09:43:40 PM

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.

of course, it is not impossible for bitcoin to lose its value, bitcoin is a crypto currency, bitcoin is technology, and some technology could fall and forgotten. If you remember Nokia, you will think that it's technology couldn't fall because almost everyone in this world are using its technology, but what happen ? Nokia fall.

Indeed! To maintain your position in the market you need to keep working hard consistently. With every passing year, you need upgrade your technology to keep people interested in your product. The example of Nokia is valid and same happened to yahoo. But I dont think so bitcoin team is dumb enough to let others overpower them. They must have learned some good lessons from these brands.