Quote from: WatChe on Today at 07:21:11 PM

Quote from: Abiky on August 01, 2023, 05:00:42 PM

I don't think quantum computers will "break" Bitcoin. Developers will introduce a quantum-resistant algorithm before quantum computers become a threat to the Bitcoin blockchain. It's very likely the community will approve such a decision as it's in everyone's best interests. With how solid BTC is right now, I wouldn't expect it to dip in price now nor in the distant future. The only way it could fall to $1 is if there's a full-scale nuclear war or the whole Internet is shut down for good. We may be decades or centuries away from seeing this become a reality.

If you've missed the "Bitcoin train", there's still an opportunity for you to strike it rich in the future. Go check out altcoins to see what I'm talking about. Most of the new ones begin trading at cents of a USD, only to end up being worth hundreds if not thousands of dollars (USD) in an instant. There's only one way BTC can go. And that's up. Who knows if BTC finally goes to $1m? Just my opinion

Quantum computer is not only threat to bitcoin but to whole current security system like AES encryption, VPN etc. Every new technology is not welcomed in the start, same happened with bitcoin and is also happening with Quantum computing. But Quantum computing is a reality and it will be here in few years.

Bitcoin is itself based on so many crypto concepts like SHA 256, ECDSA signatures and they do have threat from quantum.

Before Bitcoin gets hacked by these quantum computers, we might be hearing breaking news that several government and company security had been breached by these so called quantum computers. I believe Bitcoin security is far more advanced than any other security used by government institutions and other major companies. So we might be hearing these institution securities got breached first, then Bitcoin developers have time to improve the security making it quantum computing resistant.

Quote from: Casdinyard on Today at 10:11:47 PM

There's no question about bitcoin's tendency to recover from even the worst valuations over its life, the question should be about if bitcoin would even go so low as to be valued to a single dollar. Volatile as bitcoin may be, for it to drop in that low of a value there has to be a global financial collapse in the cryptocurrency industry that would cause people to literally dip 99% of their investments and move it to somewhere else. We all know how improbable that could be considering the fact that more and more countries nowadays are becoming more accepting of the idea of bitcoin and other cryptocurrencies operating within their borders, and the slow but steady increase of people who actively use bitcoin in their daily uses too.

In case Bitcoin goes down in a one dollar value, this only means that the trust of people goes elsewhere and Bitcoin needs a major campaign to regain the trust. We will never know if Bitcoin will recover from that state since it does not happen yet,so I am saying, we will know if that thing happens (which I think is impossible at the current adoption rate of BTC)