Here are some scenerios that can cause the price of btc to fall drastically. (In my opinion, it is highly unlikely and the possibility very slim).
(1) No way to trade bitcoin or exchange it for goods and services.
(1) No way to trade bitcoin or exchange it for goods and services.
There are N-number of ways to spend the bitcoin for goods and services. You can now directly pay with crypto to fiat services from your Crypto Cards. For example, We have BNB Credit Card, Paypal is also next gen service to offer this pathway.
Moreover, people have just started to use it as currency for the goods and services, so yeah give it sometime to develop more.
Don't forget you can buy Tesla with BTC.
(2) All governments of the world placing a ban on bitcoin and bitcoin related activities making it highly illegal.
Come on man! Most of them are looking forward to work with blockchain and use it for their benefit and public use as well. In fact superpower countries like USA and European's are the highest user of crypto and it highly unlikely it will get banned fully.
(3) The entire bitcoin network and nodes going offline making it impossible to even make underground transactions in bitcoin.
I have no clue about this but nodes going offline? Where from did that come?
(4) Another crypto overtaking bitcoin and value and more people shifting investment to this new crypto.
What crypto? Can you please specify the list, we would love to invest in that. Moreover, BTC still stand at #1 position.