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 volatility of bitcoin can ruin it, at least for some time it can significantly lower its cost. This can happen if bitcoin is greatly increased in its price. At a high cost people will be afraid to lose their investments and follow the news about the crypto currency. Therefore, if any news is negative for bitcoin, some people will sell their bitcoins and this may affect the lowering of its rate. Other people will be regarded as the beginning of the negative news, after which panic can begin, people will massively sell their bitcoins and bitcoin will be drastically depreciated. In this regard, investing in bitcoin at a high cost will be very risky.