Currency failure, have you ever thought of something like that?
Even though I believe the probability of bitcoin's failure as a currency is much lower than I imagined, it should be considered as one of the possible risks that could happen to bitcoin for one reason or another. I don't want bitcoin to fail, but no one can guarantee that bitcoin will survive tens to hundreds of years from now.
To be honest, I never thinks bitcoin would be zero even though bitcoin didn't have any value when Satoshi introduced it. But even then, we just don't need to be so optimistic about bitcoin that you ignore lot of what it is at risk of. Bitcoin is currency that basically still expects more support from the governments of various countries especially in real use cases. If the government agrees to no longer allow bitcoin to be traded, used as legal tender, then the worst risk is losing value.
Even though I believe the probability of bitcoin's failure as a currency is much lower than I imagined, it should be considered as one of the possible risks that could happen to bitcoin for one reason or another. I don't want bitcoin to fail, but no one can guarantee that bitcoin will survive tens to hundreds of years from now.
To be honest, I never thinks bitcoin would be zero even though bitcoin didn't have any value when Satoshi introduced it. But even then, we just don't need to be so optimistic about bitcoin that you ignore lot of what it is at risk of. Bitcoin is currency that basically still expects more support from the governments of various countries especially in real use cases. If the government agrees to no longer allow bitcoin to be traded, used as legal tender, then the worst risk is losing value.
There's so much money invested in Bitcoin, that's hard to believe it'll go to zero anytime soon. Not even a worldwide ban would make BTC worthless. Of course, value would fall. But not to a point where BTC it's worth nothing in Fiat terms. Haters want Bitcoin to die because it goes against what was established in the first place. I think it's too late for them given how successful Bitcoin has been over the years.
If BTC goes to zero, then Gold would have to go to zero too. And we all know that's impossible. There's a long road ahead before all BTC are mined, so lets just sit back and enjoy it while it lasts. Maybe it will get live alongside Fiat currencies in the future? Just my thoughts
