Quote from: yasuoWasakey99 on November 24, 2017, 11:50:09 AM

Quote from: Sled on November 22, 2017, 11:52:00 AM

Quote from: voztata on November 22, 2017, 11:10:32 AM

Quote from: carlisle1 on November 20, 2017, 10:35:25 AM

Just happen recently that bitcoin lose its value from more than 7k usd drops to down 6k .but now bitcoin recovers and continues to grow the value to 8k usd.and I know it will continue growing upto 10k usd this year end.but never imagine that bitcoin will totally lose its price permanently because its impossible to happen for sure

Bitcoin can lose its value even down to zero, but all that depends on we the community. I remember when Bitcoin first came out, it started very low and was even sold for $0.6 and 0.7, that was probably when we had no large number of people into bitcoin. But when the number of users started increasing the price went from that rate to $1 going up above that rate and now look at the rate we have now, and its not stopping there, it might reach 100k soon.

The price of bitcoin is always and only depending on the demand so if the demand for bitcoin declines a lot then the price of bitcoin will be drag down so hard and it will lead for a huge loss for the price of bitcoin and make it as a worthless cryptocurrency. As of now, bitcoin has a lot of demand so i think, right now, it is not possible for bitcoin to lose it's value.

Yes i agree with you the price also depends on other things not only the demand but the demand is one of the biggest things everyone wants to have a lot of bitcoin that is why the price is going up and up a lot that is why it is going high now.

That is true the price does depend on the demands but there are other things like bitcoin is the first of it kind and it is highly wanted people want it and also it is used by a lot of big companies and i think it will be used by a lot more.