Post
Topic
Board Speculation
Re: Is it possible for Bitcoin to fall and become worthless?
by
Hippocrypto
on 25/09/2020, 22:34:20 UTC
There is actually nothing impossible to happen but the issue is, how easy is it going to be? Today we have seen bitcoin moved from the point of almost zero to the point it is right now, we have seen grounds being broken and equally seen regulations being made. Some on the supporting side while some others on the opposing side but still, crypto is still standing. But again, we don't know what the future holds and the new mechanism that can be employed by government and its agencies in other to achieve their objectives of clamp down. We can only hope for the future.

Yes, it is true that Bitcoin started from 0, but now the conditions of society are different from the last 10 years.
Whales also dominate the market today, which is a reason why people do not invest

I don't think doesn't mean whales are dominating the market means people would not invest.

There are a lot of reasons for these people to doubt Bitcoin and never put their money into it. One of the reasons is that they are thinking that it is a scam, that people should not even trust in this cryptocurrency and they are still wondering why it is still not falling. Still, I dont' think that people will not be interested to invest on Bitcoin or any other cryptocurrencies. With more people understanding how it goes, more and more people will ride.
It do only have  possible reasons on why do some people do really still have those kind of doubts:

•Lack of knowledge / Lazy to make up some research
•Heavily influenced with typical fiat advisors
•Fear of losing money due to past scam experience

with these reasons you can really tell that people wont really easily jumped in unless if theres something that can spark it out.

Everything is possible of course but right now the possibility is remote Bitcoin has gone so far to talk about it going worthless and besides it has overtaken all possible obstacles and it was even chronicled online on videos and articles, Bitcoin is just starting out and we are all starting out just enjoy the ride Bitcoin is on for a lot of great milestone.

Adoption is on the move and it cant really be stopped knowing the tech behind on Bitcoin and other crypto is revolutionary which is totally opposing the centralization on where people had been shackled on a very long time.If people do had just the time on learning things up then it wont really give any doubts for them to reconsider it.For countries adoption then we cant really blame nor stopped those who blocked it
since not all governments are the same when it comes to jurisdiction which does mean that neither they would agree nor disagree on the things that it had.
Adoption isn't a problem for the country that has no issues about cryptocurrency, but it's too hard to put on a handshake for a certain nation that isn't open to it. Governments had their own mindset over things, fortunately there's a lot of countries around the globe that already recognized bitcoin and other cryptocurrency that's why it's really an impossible thing to see bitcoin falling to its unworthiness.
We're not expecting to back down, but rather moving forward to more advanced digital currency will soon become stronger in time.