Re:What would it take for Bitcoin to fail?
by enether on Sunday December 29, 2024 @08:04PM
(#42545294)
I don't see how it could happen overnight - so I don't imagine it's possible it happens tomorrow.
I could imagine it happening over the course of years. But the question then is - what would it take to change the public's minds?
Re:What would it take for Bitcoin to fail?
by bruce511 on Sunday December 29, 2024 @10:57PM
(#42546313)
Like all speculatory investments, which have little underlying value, the ride ends when the bubble bursts.
Usually this happens when the money runs out - when it's no longer possible to find the next "greater fool".
That might take a while - there's a LOT of money in the world, and a lot of greedy people willing to be convinced that there's gold in them thar hills.
I guess that happens when there are no longer fools willing to play. That could happen tomorrow, or in 10 years.
It probably doesn't go to zero (it still has value other than speculation) but getting price stability would actually make it more successful (as a currency) than it is now.