Post
Topic
Board Bitcoin Discussion
Re: Can bitcoins become worthless?
by
kasansa
on 10/01/2018, 05:35:06 UTC
For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.
Absolutely, no one could predict its future. But still, we could not deny its promising features which has made it unique free from inflation, free from government control, free from inflation. Even its most critics wall street companies have started to enter in to bitcoin market which proves its potential.