Post
Topic
Board Economics
Re: Biggest threats to the price of Bitcoin.
by
laredo7mm
on 26/11/2020, 11:02:50 UTC
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?




You will find many blogs about the end of the bitcoin or raise of bitcoin. This is a billion dollars market and it's not controlled by a single individual. Whales dump the market and buy back that's how they and we make a profit. They won't let it go zero because there is not any profit for destroying it. I didn't open your article link because I have seen a lot of these types of predictions before.