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Board Beginners & Help
Re: How bitcoin price could go to zero?
by
aardvark15
on 16/02/2018, 21:48:06 UTC
Hi I was wandering what could possibly happened to bitcoin and the price go to zero.My first thought is a really big physical disaster for example because the Internet maybe stop working.What is your opinion?

The biggest threat to Bitcoin is probably if major governments were to ban Bitcoin. If it were illegal in the major countries, this would make demand drop dramatically and the price would drop.

I think the next biggest threat would be if fees went astronomically high to the point that no one would use it.

Finally, another threat would be a 51% attack where someone would control Bitcoin.

I think there is a low probability of any of these issues to happen.