Bitcoin Forum

Renowned fund manager Bill Miller told CNBC on Friday "Bitcoin's supply is growing at around 2.5% a year, and the demand is growing faster than that and there's going to be a fixed number of them" He also said that the risks of the currency going to zero are "lower than they've ever been before". Truth be told, in as much as bitcoin is volatile (like its been jumping around in the past few hours), what he said is really true. Bitcoin grows on a daily basis. Investors come in on daily basis. Look at PayPal, look at square, look at JP Morgan. I mean these are big. One of things Bill Miller said which I've always told people is this "I think every major bank, every major investment bank, every major high net worth firm is going to eventually have some exposure to bitcoin or what's like it, which is gold or some kind of commodities"

See here (https://markets.businessinsider.com/currencies/news/bitcoin-price-legendary-investor-bill-miller-resilience-better-every-day-2020-11-1029776469)

The chances of bitcoin going to zero has been pretty much next to impossible anyway. For bitcoin to go to literally zero, literally everything should go wrong, along with the zero nodes running and such. Sub $1000? Though highly highly unlikely(and getting a lot more unlikely as time goes), it's still possible. But zero?? Nah man.

To much overthinking about the situation which may lead you to more worries about some certain stuffs on bitcoins  but to be honest as other people said here this scenario for Bitcoin is close to impossible since it is known already and Bitcoin and cryptocurrency is billion dollar industry which for sure many people as well government think about good adoption since for sure it can possibly contribute to the economy if certain legal matters will implemented and huge adoption will came.

Bitcoin going to zero is "almost" impossible. The only thing that I could think of for that to happen, is when people would actually stop supporting Bitcoin. Miners stop operating, and investors selling every fractions of their bags. Anything else doesn't matter.
Bitcoin has this unique use case that people liked which they cannot be able to do it in a traditional banking, and that's the reason why these big business names are getting involved with Bitcoin and other alts.

that is pure nonsense. the chance of bitcoin going to zero is as much as it has ever been. the bitcoin experiment is still young but at the same time it has reached a certain maturity that creates confidence and this maturity is not something that was reached recently. somewhere between 2010 to 2013 was the last time you could doubt the future of bitcoin and its potential. ever since then there has only been growth. so in other words the chances of reaching $1 million is higher now but chances of reaching zero is still the same near zero.

Too much institutional money flown into bitcoin already, they are not stupid and I really doubt these guys will ever allow significant drop in price not talking about zero.

Fiat is guaranteed to trend to zero over time.

Bitcoin is a binary bet and it's already won - infinity symbol.

At this point, it's just a waiting game - you just have to be patient for the rest of the world to realize it.

Risks of bitcoin going zero is very narrow. It is like an elephant passing through a needle hole. As bitcoin is speculative people with large volume of funds and the Whales try to shatter the market, by the time people with small holdings get into panic. This is being used as a way to profit by the whales. These kind of price fluctuation is quite common with cryptocurrency, based on which zero is impossible.

It's happening now no one is talking about Bitcoin being a bubble, we are already past that stage, people are talking about the price now, adoption and new concept in the Cryptocurrency, people have matured they cannot something negative on a technology that is now widely adopted and very popular, and cannot stopped, even a pandemic cannot stop it.

Panic may lead to the collapse of prices, which will move the pendulum in dropping everything to zero, I do not mean the way in which the bubbles occur, but everything can be zero if it loses interest in it and the demand for it decreases, which is a lesson we can learn from what happened to the oil contracts in the past months.

Therefore, the chances of that still seem great, especially with this swinging world, but we could reach levels beyond $ 20,000 in the coming years.
Therefore, we cannot judge until after several years, 10 or more, and then either the price is zero or exceeds 20,000.

Would love to know how do they calculate this kind of statistics?
What is the probability that the sun will rise tomorrow? It's impossible to imagine this but statistically, there is a chance that it may happen but it's very, very low. But in reality, will it happen? No!
Calculating of such risks and probabilities is nonsense because that will never happen and it's just a math thing and numbers. At the same time, when calculating these risks, they have to consider that there are tons of money and businesses built behind bitcoin and more and more businesses are adopting it in their services, so...

Exactly, if we ever see the price of bitcoin being zero then most likely we have bigger problems to worry about than losing the value of our holdings, since the only way I see this happening is if a catastrophe of global scale hit us, other than that bitcoin will aways have a value but that is something we all knew without needing anyone to tell us.

And it could be even argued that now the possibilities the price of bitcoin goes below the 3k level are very low indeed as the interest from institutional investors is growing by the day and it does not seem as if they will leave this time around.

Let's talk facts, 1 BTC = 1 BTC, so how can it be ZERO?

Anyways, now let me tell you something, investor confidence plays a major role in the case of demand and when confidence is high, demand will also reach much better levels. Today, we're here and seeing BTC spiking up, you know why? It's not the confidence alone, but in these years, even the volume of "greed" has gone above skyscraping levels and this is what's driving the markets so high. Tell me something, why don't you use your old coins which are not in use due to the Government abandoning the use of those coins (even though you collect and/or sell them)? Are they worth anything in today's world? Can you bring those times and their worth back? Impossible, right? So when that could happen, anything can. Never say that chances of BTC going to 0 are least, because it takes a big whale (or maybe Satoshi himself some day) who may just come up in the markets with lots of BTC and won't even leave a single order available in the buy side.

I'm not saying that it cannot get to zero. For reality's sake, it's a volatile currency. But the point here is that going to zero is like 5&6 with "impossible". Tho one of the comments here was really making a point about a large whale dumping everything and leaving no buy order. But tbh, do we have such whales? Even tho we do, bitcoin's price cannot get as critical as zero.

And if there are still people thinking that bitcoin can go to zero, those are the investors that have missed buying bitcoin a lot during the bearish. They became unattended and focused more with their emotion and that's why missed a lot. Yes, bitcoin's always volatile but looking at it to become zero or close to zero is highly unlikely. There will be several panicking if the price even close lower than $5k or even at $10k. We've seen that for several times but, bitcoin just proven to be resilient and a strong asset.

What panic can be greater than that of this year? When bitcoin was about $3K. A lot of people believe in bitcoin and I can say I'm one of them. While people were panicking and selling at $3K, some people were still holding and believing, while some were even buying from weak hands. What happened this year is quite a lesson of volatility. From $3K to $15K. So if it goes down to $5K, people will see this year's story as a reason not to panic.

It is indeed hard to believe that bitcoin would go to zero in terms of value yet to consider on how it become that big after a decade then theres no point of turning back into those previous prices

but doesn't mean that it did completely kill the risk.Theres always a risk and people shouldn't really be that too confident. Im highly a bitcoin supporter but I don't really trust up

when it comes to things that do last forever, there's always a replacement or something more better and im aint saying that bitcoin isn't capable but we cant deny that

there are much better alternatives or options.

First law of volatility, bitcoin price can crash. We need to remember that bitcoin price isn't based on what we think. It isn't controlled by anybody hence, it fluctuates on its own. Now let's imagine that the world economy crumbles really bad. This alone can make people in need, and being in need, you may not want to sell off your bitcoin but you may not have a choice either. Considering that it's the 'world economy' there'd be a lot of sell order, and just then, bitcoin price can start crashing. Now if the 'world economy' doesn't get better or keeps crumbling, this can cause the biggest nightmare for bitcoin.

It will always have a collectible value so even a few years ago there was no chance of it going below $1.

By 0 many people don't mean a literal 0 but a very small value like $5 or so. At this point if Bitcoin were to lose more than 99% of its value it would be dead as any other tradable asset is.

Usually when altcoins lose this much they are delisted by exchanges and abandoned by traders so it wouldn't really matter if Bitcoin went to $0.1 or $5 the result would still be the same.

I'm one of those people that have sold at different prices but never did panicked when it was $3k. I'm one of those holders that remained faithful of holding bitcoin because I did believed that it will recover. Waited for just a year and have seen that it had recovered and was getting into a better price. The maturity of the market and the investors as going together. We're learning the simplest technique of holding and that's not to panic even if someone popular says that it's going down to the lowest or zero.

I neither sold at $3k but man, sometimes it's just OK to be scared. We know bitcoin is decentralized and not controlled by anyone but that doesn't save its volatile nature. Sometimes, the fear isn't the loss, the fear is about needing the investment before the price spikes up again. What if it drops to $3k again and never goes back up until 3years?  Maybe to you, you'd wait. But some people didn't plan to wait that long.

And what you were thinking would less likely to happen in the future. I think what you meant is a world chaos where every country is struggling because of the world war but I really doubt this will going to happen. I think you know it for sure that world chaos is a catastrophe where there's no internet, while a piece of bread and a glass of water is more expensive than what do we own today.

This would really require a massive mess in the world just to bring Bitcoin down back to almost zero price.

I believe that World War will not happen again. because each country has its own sovereignty and there is also a United Nations which will help prevent conflicts between countries or internationally.

Not only will bitcoin go to zero price when the world war occurs, even FIAT will experience a decline when the war occurs and it will be the destruction of the world.

The lowest price in 2018 was around $ 3k and at that time many people predicted that btcoin would fall to ZERO price and what has happened until now, the current price of bitcoin has almost reached the new ATH. this is a bitcoin cycle and bitcoin will not go towards the ZERO price. If the price of bitcoin goes very low it is our chance to buy as much bitcoin as possible.

Never mind about it please.

Bitcoin can rise or can fall and it can hit the price at $1 million or touch the bottom at $100 or any price in the future. Fortunately I can tell you that it will never touch $0, NEVER.

I strongly believe it because no matter what will happen, I can bet my life with you that there are thousands or millions of people on the planet will buy you 2 or dozen of pizza just to take one bitcoin from you. The price for one, two, dozen of pizza is bigger than $0. Is it convincible enough? I don't think TA or FA analysis here is needed.

10 Years After Laszlo Hanyecz Bought Pizza With 10K Bitcoin, He Has No Regrets (https://www.coindesk.com/bitcoin-pizza-10-years-laszlo-hanyecz)

The probability of the bitcoin getting zero is not that possible, there are already many people knows about cryptocurrency and many establishments start adopting it as a means of payment, the more people know it, the more useful the cryptocurrency has then the lower the possibility that it will gong to be zero value, maybe shortly, bitcoin will be adopted in most countries and if that would happen the value of the bitcoin will go far away from zero and starts from going higher and higher.

The thing here is that most people think that bitcoin will go with zero value once it started up falling, once they see that bitcoin keeps on decreasing they will sell it right away because of thinking that they could waste their money if the bitcoin will keep on falling but there are still some who keeps it in their wallet as an investment, remember that the volatility of the cryptocurrency is its unique feature.

Even in the early days where only a few people knew about Bitcoin it grew, even more now with the support of community it not only made the possibility to zero lower but impossible, a lot of speculation but that's only speculation not the actually happen in future.

The media is biased. Especially when Big brands from media such as CNBC talks about such global thing in completely partial ways. Many Big names already explained the future and features of not just only Bitcoin but also technology behinds itself.

The future is definitely decentralized in the financial segment, with the digital economy globally for sure in the coming few years.

I don't speculate so. The bitcoin value may not be stable still and it will never be stable. It is a volatile market. It has attained a decent position and it is proceeding with. Hopefully, this will proceed. There have been numerous ups and fluffs in Bitcoin running for so long. But so far it has not reached zero. Assembling a platform requires a lot of endeavor and allegiance. And it is ordinary to appear up and down. But it can't be that its position will go to zero.

What do you expect? every year, the use of the blockchain technology is getting high and adoption getting increased. If bitcoin will not survive, it must have died within 1 year of the launch because those periods were the hardest for bitcoin to grow due to low adoption. It is  impossible to see bitcoin going back to zero even if there is massive ban in many countries. People will still find a way to make bitcoin work and guess what, 2021 might be the year we see a lot of international company adopting bitcoin too

If we talk about the fall in the price of bitcoin to zero, then it could be imagined in the first 5 years of its existence. Then he was known to a narrow circle of users. Today, the demand for bitcoins exceeds the supply. Many bitcoins were lost and were also stored in cold storage. Another factor that could affect the zero price of bitcoin is a complete ban on bitcoin by regulators.
But, as we all understand, this will not happen. Bitcoin cannot be banned. Therefore, we must admit that bitcoin is an asset that is gaining popularity every year, and it is unrealistic to wait for its complete depreciation.

The possibility of bitcoin going to zero is ZERO. From the creation of bitcoin until now, there are huge difference in terms of demand and value bitcoin now is very valuable and popular which you can see that the demand of bitcoin is already more that the number of supply. Even other countries don't want to accept bitcoin, it will still valuable and never go to zero value.

Bill Miller is right this time because the crowd is now realizing that Bitcoin really has the ability to fight inflation. As more and more external money flows into the crypto market, Bitcoin becomes even more valuable because the need to hold it is too high.
I think it's time for the real crypto revolution. It is receiving the support of many major countries such as the US, India, Russia and several other major countries in Europe. This halving event, plus the need to hold a lot of crowd, the price of Bitcoin may break ATH soon next year.

supply dont grow but maybe he mean to say its decreasing faster because the demand is also increasing faster but demand wont be fixed because people stop investing when price is verry high for them and they will buy often when the value is lower . the risk of btc going to zero have lowered because theres so much people are now involved and hodling a btc but its surprising that there are still people that track this thing  . even before when btc is created , it has already showned a great potential and its impossible for it to become a scam .

The chance of Bitcoin going back below $1K is so low so for it to become zero is almost next to impossible.
AFAIK ever since Bitcoin hits $1K+ it has never gone down below $100 so I think it is really impossible to happen.

The mechanism that bitcoin has which is halving of the reward for miners is what will assure that bitcoin will go to Zero, mining rigs are already been built across the globe and huge business has already trusted bitcoin for their assets. There's also not much recorded major Bitcoin frauds that exploit the entire bitcoin's mechanism in blockchain that could serve as a threat for people to distrust bitcoin. What we all have is just 2 choices, to trust bitcoin or continue with traditional payment system. The chances of Bitcoin going to Zero is when people holding bitcoin completely leave the market. How about those owner who already died and hodlers who lost their private key to access their wallet? Meaning, bitcoin's value will remain forever.

It's the others problem that you're giving as an example but given with the experience and pattern that we can see for bitcoin, I doubt it that we'll get to see those low prices again. This is way much better than those stocks of a company that can be dumped by its owners which is going to be more annoying and unacceptable. As you have said, bitcoin is decentralized so someone who's going to invest on it have to understand that it's either going up or down and he has to spare his feeling of being scared. If this ain't for him, he should look for lower risk investments.

It is impossible for me to imagine that the price of Bitcoin will ever go zero. Because the price of Bitcoin is 1 BTC = 1 BTC, so bitcoin should never be zero. And now with the people’s interest growing in Bitcoin, it is easy to imagine how popular Bitcoin is now.

Two years ago my friends used to make negative comments about Bitcoin, they are now interested in Bitcoin and they are now involved in the Bitcoin community. Lots of people like them are getting interested in buying bitcoin every day. As time goes by, people's interest in Bitcoin will continue to grow. So the thing that everyone is interested in, the price of that thing increases, not decreases.

Well if Bitcoin goes to anything under $100 from where it is today it's just equivalent to going to zero. It would lost almost 99% of its value what is left in it to mourn? But I don't think we would see this day coming anytime soon. It's because even if the demand completely goes down the corresponding decline in value would make it stable. For example if I use 10 people today use 1 Bitcoin to pay off their $15000 obligation today. If price goes down by 10 times to $1500 then these users would instead have to use 10 Bitcoin to pay off the obligation of $15000. So value of bitcoin's to be specific won't go that down because it's demand won't.

I also believe with that, I'm sure bitcoin will never go to zero as long as there are people supporting it. Although at some point of time or at some reason value will get low but will never going to zero. Bitcoin can still recover if ever value of it will drop down.

Lol, you're making it sound like in the next 5-10 years, it's not possible but maybe after that time it's possible. If bitcoin survives the coming 10 years, then I don't see anything stopping it. Also, I don't see the price being this low in the next 10 years. Maybe around $50k or more.

With about a decade old history, btc already achieved this price level and considering all the hiccups that it encountered, I don't think going back to zero will happen. We may experience up and down movement, but going to low level not gonna happen anymore. We surpassed this pandemic with good price, now what would be another major reason why it will crash?

Talking about the pandemic, I think bitcoin was also created for such a situation. I'm sure a lot of people have gotten to know bitcoin during this pandemic as it was one of the only means of making payments.

Over the years there have been many theories about the downfall of Bitcoin, but in fact, Bitcoin gets stronger and stronger as the demand for Bitcoin keeps increasing over time while Bitcoin has a limit.
Take a look at Bitcoin's monthly chart, which is mostly green candles instead of red candles. Bitcoin is arguably the most powerful asset I have ever known.

This thread is about BTC price in USD. At least that's what almost all posts focus on. You could say that the value 1BTC is 1BTC, but when we talk about its price we mean fiat currencies. Bitcoin is exchangeable so going to 0 means 0 USD, EUR, GBP...
It will not go to 0 as long as there's use. It can be speculative, or as a darknet market currency. It really doesn't matter. Even old RPG game tokens have some value, but when game servers get disconnected this value goes to literal 0.

I think that not just 0 but even 1000$ or 500$ became almost impossible

The only thing that can lead to this is a world war or a deep Economic crisis

Bitcoin will never go to zero but it really can go to ±5k level. This may kill the industry too

5k level and kill the industry ? lol . didnt you read most of the replies in btc speculation threads ? most of the guys that are into btc are wishing that btc can go on to that point so that they can be able to buy again but with bigger volumes at this time because that low level are now rare to witness .

people dont need to wait for more lows or they can miss the boat because some are actively waiting for any dips , thats why the chance of btc turning to zero is also zero percent  .

According to your view bitcoin will be valuable even if it is not pegged with fiat currency but there is a problem with that as you cannot use bitcoin as currency in the darknet market place and how can you speculation without having a valuation pegged to it  :P. If you are going to tell that bitcoin will be pegged with altcoins then you are claiming that even if bitcoin becomes worthless altcoin will move forward  :D.

---

I do not foresee a situation where the price of bitcoin becomes worthless and hence there is no point in discussing this even for speculation.

With the current demand and the number of growing users and investors, as said by many people in this forum for it to go to zero is for it to fail to be functional and useless, which means it's close to almost zero possibility. With the growing trend and our fast-paced community, we need innovation like bitcoin. Cryptocurrency is still in continuous development and many ideas and different kinds of innovation using crypto are coming as time goes by. Bitcoin will remain and will always be on top among cryptocurrency.

Why do you think it will happen? Bitcoin go as low as $3k  read this https://www.google.com/amp/s/markets.businessinsider.com/amp/news/bitcoin-price-lowest-level-of-year-2019-1-1027900747  but the industry didn't die instead many people accumulate to gain since at that point the bitcoins price is more cheaper. And look what happen know if those people buy at that figure and hold until today they earn thousands of bucks yet they could earn more if they choose to hold for even more longer.

It will never go down to zero of course. Not even Warren Buffett could convince a lot of people that Bitcoin will go down to zero anytime. For sure one day, he will be on board and I can feel that despite no guarantees on what I am trying to say. I just don't know if it will indeed happen after all of the 21,000,000 BTC supply is completely mined after 2140.

I did not say anything about fiat currency. I said that it will never be worth 0 as long as there is use. By use I mean any case where the currency is needed. If you need it just to fulfill a dream of owning it, it is a use. Trading and speculation is of course a use. As for altcoins, on the contrary. I believe that if Bitcoin ever goes to 0 they will disappear as well.

 

There are many possibilities for bitcoin to go to zero, IF:
1. There is a world war that attacks the internet connection and everything, so that makes people can not access crypto aka bitcoin.
2. The government blocks all access to the internet, so people can not use the internet as usual.
3. There is another technology that will be more potential than bitcoin.
4. All of the whales sold all of their bitcoin at once in all markets.
5. etc.

But, I don't think people will leave bitcoin right now as bitcoin already grows fast than a few years ago. People see Bitcoin as another solution to make money, although their government does not give the right statement to regard the bitcoin. Bitcoin now is worth as the other commodity, and many people now use bitcoin as their investment, so that will not be possible if bitcoin will go to zero. But bitcoin price can go down as the bitcoin price is not stable and always fluctuate from time to time.

A real world war will most likely mean a nuclear winter. You won't have to worry about Bitcoin but how many years you have before you get cancer from radiation.
A government? Which one? If the US gov does it people will flood the streets. It's possible in China or North Korea AFAIK there's no world government yet.
Also, if you can't use the Internet you can't sell your Bitcoins and make the price go to 0.


There are already altcoins that are faster and more anonymous, but it's Bitcoin that is worth 15k USD.
No, this would not cause the price to go to 0. All that it would do is create a temporary flash crash.
The concept of whales owning most bitcoins in the world is greatly exaggerated. There are billionaires who own Bitcoin but none of them would want to tell others that they're planning to sell because the first gets the best price and the last seller loses the most.
???

That is happening as demand has risen exponentially. Bitcoin has earned the respect not just of a small group of weird individuals but even of large companies around the world. This has made Bitcoin very valuable now. It cannot just fall with this kind of support coming from a lot of people.

Unlike before when Bitcoin is easily threatened, now it is going to be the other way around. Bitcoin has now threatened the traditional markets, the traditional banking system, the traditional currency, etc.

Let me quote how it would be for everything to go wrong. Not that I believe that bitcoin will go to zero but if it happens then the below scenarios are most likely to happen

• Every country in the world would ban the usage of bitcoin
• Every crypto user will accuse bitcoin for some reason
• Every person holding bitcoin will start selling it for dirt cheap prices
• All the miners will stop mining bitcoin
• All the exchanges will stop functioning since they themselves would be selling their coins to someone
• The network will get congested at peak and no transactions will be confirmed
• There would literally be no buyer at this moment

Basically the above scenarios are very very unlikely to happen which is why bitcoin is very very unlikely to go to zero.

They can say anything. I would not believe the words of even the most trusted person in the field of cryptocurrency. Remember the first boom, when everyone shouted that bitcoin is the most reliable and profitable investment, and then everyone had a shock after the collapse. Why can't the same thing happen now? I believe that the situation is completely similar, except that now there is no such huge hype that was then.

In any case, I believe that you need to be reasonable about investing and not believe every person who speaks from the TV.

The chance of getting to zero is becoming more complicated every day as institutional money flows in and it has been a safe haven for some economy most especially underdeveloped once e.g Venezuela. The possibility will be like to win a jackpot 4 times in a row.

The price of bitcoin going to zero is impossible. Bitcoin already gained people's trust, and once the price of it may go down, many people know bitcoin would willingly buy it because we all know the price will go higher sooner or later. Actually, right now, bitcoin is not yet known to other places in the world. What if the bitcoin is already known all over the world?

Lol, the first ten years doesn't guarantee it, just like the next ten years. This same year we're happy with the price, this same year that the price was as low as $3k  dollars. If you were told that it would get that low, I'm sure you wouldn't believe it.

Agreed, even if for some reason the price of bitcoin crashed to incredibly low levels and lost 99% of its value because of some technical flaw or just because an incredible new coin appeared on the market it is very unlikely that its value is going to be zero and that is because bitcoin is the first cryptocurrency, it has opened a path to the future and most likely people are going to buy bitcoin just as a collectible in the same way that people collect baseball cards or objects from movies.

So as we can see it seems that no matter what happens bitcoin is always going to have some kind of value, maybe it's going to be low or maybe it is going to be high but it doesn't matter since it will keep on existing, but even the scenario that I described above seems incredibly unlikely to me.

I don't get this. Does it matter whether BTC becomes completely worthless or not? The current exchange rate is around $16,000 per coin. Let's imagine a scenario where the price dips by 99.9% to $16 per coin. For those who invested in Bitcoin at the previous level, this represents almost complete loss of their capital. For them, at this stage it doesn't matter whether the price of Bitcoin gets to $0 or $10.

Maybe OP wants to know the reaction of people in this industry if such thing will happen. Well obviously, all of us will be disappointed. What will be our action? IMO, I'd move to another crypto which is still profitable investing my money with. Where's my loyalty in such case? Loyalty won't feed hunger. You need to continue. But enough with exaggeration, there is a possibility if we will be rooting for its definition, but slightest chance as we can see at this moment wherein the market price fell before but still managed to recover simply because there is a market demand and volume.

Ever since people have recognize Bitcoin's worth and usage, the possibility and probability of Bitcoin getting into zero value have been lessen which is already close to impossible for the fact that many people from simple to rich ones are patronizing investing and supporting Bitcoin which raises the demand and volume and makes a soar for the price value to come into a higher rate. At this point of time that people are continuously wanting to get engage with Bitcoin, the possibility of it to become zero even on hard times like crisis is now impossible to happen for the people do know that even after any circumstances, Bitcoin can still be able to recover and maintain its high price not to drop into zero value.

For how many years, Bitcoin's price value did not even go down to 1000usd, so it is unlikely for it to go down to zero value. The price of Bitcoin keeps resisting and rising right now. It's getting popular, and people now know what the benefit of Bitcoin is. As time passes, the probability of bitcoin being zero is reduced.

We are coming in to the future where all is digital and bitcoin has gotten a lot of attention and popularity all throughout its 12 years journey on the internet. Bitcoins probability to go zero literally is close to impossible if not impossible right now, day by day thousands of people are adopting bitcoin joining in and valuing bitcoins and the things bitcoin has to offer. We've seen bitcoin experienced huge % of losses and is still able to bounce back even bigger. There is only a bright future for bitcoin.

Yes especially during this days, digital currency is very popular this pqndemic draws the attention of many people, I think maybe it become in the top searches keyword as well this year. So I think as time passes by there will be that doubt that bitcoin will be zero because it would never happen. and people is aware now what bitcoin is.

With the current increase in the price brought about by the halving and much leser known factors, it is no wonder that bitcoin was able to secure itself from it's own volatile nature. Though this comes at a cost of course. With this huge increase in price, it will be harder for investors to own bitcoins even when at a dip. And whales would most likely dominate the market. Not to mention the huge transaction fees that this will ensue.

No offense mate but I think you were only able to say it because everything flows smoothly. All of us are floating in the cloud 9 that's why you tend to disregard the danger. We should know that it will not last forever. Still expect the worst and always learn to deal with it. I'm saying this because I'm just worrying for you as you may lead to wrong decisions due to being complacent later on.  Also, remember that bigger price not necessarily means greater adopters thus the volatility will stay ;).

---

How funny to think that when btc price surge everyone reacts enthusiastically. And then when it drops, everyone panic and say "Bitcoin is dead" lol.

Even if the half growth and many leases known affect bitcoin it will not last long if traders have to wait patiently the price effect will increase  whales are gaining ground in the market bitcoins and investments are high so whales will not last long in the market. In the bad we have to come up with something good we need to move forward with positive thinking even if the risk of going to bitcoin goes down to zero you need to have a good idea of ​​the market situation in order to maintain your security.

And also why back to ZERO?when we all know that this is very impossible to happen ,I'm ok if the value will drops down to 3k like last march but even how bad the reaction of the world that time yet Bitcoin remains strong in that level and recover easily in a matter of 2 to 3 months.
same thought here,very exaggerated to imply the "Back to Zero" thing when we can at least put a thousand or two value.

For me halving is one of the factor that causes the bitcoin to go rally wherein there is capitulation that resulted to the sellers to give up and it is the reason why there are consecutively green candles in the chart where it's indicating that the momentum is really high where the demand is keep increasing but halving alone is not enough and there are more factors. For me there are 3 main factors that causes the price of the bitcoin to have a price rally like what happened in the year 2017 are because of the general market sentiment, because of some news like when the Paypal released that they will accept bitcoin and the bitcoin halving. The bitcoin halving occurred in May and we are aware that there is no short-term effect, the recent price surge is the long term effect of the bitcoin halving.

I want to use the latest Covid vaccine race as an example, when I try to explain my reason why I think it will not go to zero. We all know there are a big race and a lot of competition between Pharmaceutical companies to be the first company to supply Covid vaccine to the world.

Pfizer was the first company that announced that it's vaccine is more than 90% affective and it has started with mass production... but days later another company (Moderna) announced that it's vaccine is almost 95% effective and can be stored at a lower temperature... effectively making it a better option.

The Pfizer share price only dropped a little at the announcement of this new vaccine... Why? The answer is simple... Pfizer is a well known brand and it is backed with global manufacturing abilities and a very good track record.

The same is applicable to Bitcoin... it is a "Brand" name now and it is backed by a huge merchant network and very good developers. Even if a better Alt coin are developed, it will have to work very hard to reach the market position and the long-term security and track record that Bitcoin (BTC) has at the moment. (Not to mention the total hashing power backing Bitcoin)  ;)

Even if the price of bitcoin dumps very low these past few years, we can say that we should not worry about that since there are some events in cryptocurrency or in bitcoin itself that can affect its price when that happens, especially that halving. That makes a big effect on the price and as we can see as of now, the price of bitcoin is rising and continuously rising, we are all hoping that the price will continue to rise until it reaches its highest peak last 2017.

As you say at that point there is not a lot of difference, anyone that invested at the current prices would have lost basically all of his capital, but this discussion is more academic rather than practical, I really believe that the price of bitcoin is never going to hit zero, supposing that there was a crash that reduced the price of bitcoin significantly there is always going to be persons around the world that are going to want to have some bitcoin and to exchange it among each other.

However at that point its goal of becoming a currency for the world to use will be over, but obviously as someone that participate in this forum I still believe that scenario has no chance of happening.

I have said this before so again... It is impossible for something to have 0 value. It would have to not exist for it to have 0 value. No matter what happens there will always be someone out there willing to buy whatever it is you have. Even a grain of sand has value. Sand is used to making windows so its value is almost meaningless but none the less its there.

Crypto is the future and it has been 10 years. It is way too late to stop this machine now. This is a Blitzkrieg!!

Increase in the demand decreases the chance of its value going to zero and it keep increasing day by day when there is bullish trend.Bitcoin isn't actually a company so people don't have reasons to change their opinion later from their current one so it is going to have more and more investors when the days passes.

Only one question in the mind of non bitcoiner's mind which is bitcoin is actually a bubble? or we just think in that way?