from Hacker News

Ask HN: Events in the near future that can crash Bitcoin's value?

by mattquiros on 11/18/13, 5:35 AM with 4 comments

What events in the near future might take place and cause the Bitcoin value to crash? Planning to buy me some, but right now, the price is too high. Or is the only way up right now, really?

  • by a3voices on 11/18/13, 5:40 AM

    The biggest risks are these:

    1. Strong U.S. or Chinese regulation

    2. An irreversible, fatal flaw in the Bitcoin protocol is discovered

    3. A competing cryptocurrency, or other emerging form of money, manages to outpace it in growth and steal its thunder

  • by actionbrandon on 11/19/13, 3:34 AM

    if more people try to sell bitcoins than want to buy them, the price will decline. possibly rapidly.