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.
Yes the reason why is only goverment ! If goverment banned bitcoin in all world maybe the bitcoin will back to the zero value and all people became mad to goverment but time goes on we need to move on if it happens.
Yes if the governments ban it. Bitcoin would have no chance against them it is not so powerful than your government. Your government can stop it by ban it so bitcoin would lose his value.
So in short bitcoin has the possibility to lose his value if even country's work together it would fall in a week.