There is nothing wrong with Bitcoin .. because we are here to play trading and can invest .. we can sell and buy .. all that there is nothing wrong in the world buying and selling the market, sometimes can go up and sometimes can go down .. it also depends on the enthusiast Bitcoin itself

I think that the greatest threat too bitcoin will come from those with the most to loose.  These are the financially elite of the elite.   Loosely you can say the controllers of big banks.   Banks have been around for 400 years and the wealth only flows one way with them.    They will not give up their position of power and untold wealth without a fight.

The problem with bitcoin will come from them though I cannot say in what guise.   IMO an example maybe the loosely organised attack by bitcoin cash combined with segwit2x.  I don't think this will succeed but I also don't think the trojan horse will be so easy to spot next time.  Satoshi wrote on the genesis block something about the bank bailouts of 2008.  IMO the largest robbery in history!

A better question might be "how to preserve bitcoin?"

To answer this I would say first and foremost is "decentralisation and beyond censorship or control by a small group of people".  Without this, the genius of bitcoin is erased.  We must be vigilant to put this first before any other factors.

A far second would be "security".  If there is a big fuck up we may loose some money but the community can repair it. We (bitcoin community) get a second chance.

Thirdly "fungibility".  How easy it is to use the money.  Bitcoin is only 9 years old - it will get there in the end.




 

I think competition is rising quickly with many alts improving their technology while Bitcoin is taking too long to scale. I think btc will eventually head down the right path but i'd rather see it sooner than later...

the worst case scenario is if each country makes their own cryptocurrency, of course the use of bitcoin will decrease around the world and will affect the price movement is very slow, unlike today. But, today, I see bitcoin almost mostly used as an investment facility, rather than a tool for transactions. Therefore, that possibility could be denied because of its use.

What worries me most about the future of bitcoin are some technologies that are yet to come, like quantum computing
that in fact, one day may be able to break cryptography SHA256.
But fortunately, there are already studies on how to adapt the cryptography to a post-quantum scenario

While I understand the concept of having all your money converted to bitcoin and so far it is proven to be the best possible investing solution.
I also want to tell you to never underestimate the power of diversification - in case something drastic happen to bitcoin you will be covered.
At this point in time, there is no one who will tell you what can go wrong with bitcoin in the long run. Most likely it will be internal problems that will bring BTC down.
We have some conspiracy theories and prophets of negativity, scaremongers around though - don't listen to them

Keep all your savings in bitcoin, this is a very big risk. If you consider the crypto currency, then a certain part of the funds in any case should be stored in promising altcoyins. It's even better to keep some of the money in ordinary money on deposits. So you can protect yourself from various accidents. Investing in bitcoin now raises the risks associated with the fact that in fact it grows like a financial bubble and as soon as it reaches its price peak, I think it will quickly lose demand and depreciate. He too tore himself away from his real value, and one day he would fall down vseravno. Therefore, this development of events should be prepared well in advance.

"What could go wrong with Bitcoin?"

1. Become a Tulip bubble
2. Bankers pump en dump
3. Fees go stupid
4. Won't scale as it has been designed wrong and is not DNA
5. Banking is built into the network to charge interest on moving money
6. Speed is slow, errors always blamed on other people (See unallocated transaction lists)

Well I have six ticks in my boxes without even trying.

Im 21 as well. how did you go about living expenses with "99% of wealth" on btc?