Re: Biggest threats to the price of Bitcoin.

Quote from: Bergkampsballs on November 07, 2020, 09:48:38 AM

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...

https://medium.com/coinmonks/the-5-biggest-threats-for-bitcoin-that-have-the-potential-to-destroy-it-9b3845ebcd1d

https://decrypt.co/29625/the-biggest-threats-to-bitcoin-in-2020

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?

There's going to be a huge crash if suddenly Satoshi Nakamoto's wallet is open and the owner dumps all the coins inside the wallet, this is one of the things that scared investors because 1 Million Bitcoin is so huge that traders cannot keep up, we have seen the effect of pandemic and it's not a long term effect, and Bitcoin has recovered only Nakamoto and a group of whales can make the market crash.