Hi,
As everybody keeps pointing out that Bitcoin is a risky investment, I'm trying to get a better understanding of the greatest risks to my coin.
I must admit that sun flares and quantum computers were not what I was expecting to find when I googled this but alas...
To be fair, I think these sources are talking about things that would all but wipe out Bitcoin rather than just reducing the price.
I was wondering what you guys think is the most likely instances that would cause the price of bitcoin would sink back below say the $5,000 or the $10,000 mark?
Yeah, majority do know about the possible threats but it would really be just too early for us and a stressful thing if we do continue to think up into those possibilities.
Yes it can happen but for sure in the future and might still takes time..Quantum tech etc etc. But i dont really see for the price to drop that low close to zero.
If it does then for sure there would be an another coin that will dominate in the market which is way more better yet technology does progress and more enhanced.