Bitcoin Forum

As the title described, I don't write more content here. Let's keep it short and look at the visual plot.


US dollar and other fiats are in over-inflated period. The pandemic triggered the money-printing industries globally and gave us free opportunity to see the beauty of fiats and government-based finance.

Even, in worst scenarios when bitcoin falls to the hell, I honestly will be very happy if there are people want to finish deals with me to exchange 10000 Bitcoin for 2 pizzas.

• With pizzas, I eat, defecate and all will vanish in the air.
• With bitcoin, it stays with me.

I also saw this interesting and informative article. In a nutshell, the article says that value of bitcoin is increasing and transactions (non-Coinbase) have been switching to multiplier of 1 BTC to satoshi. In addition, its Velocity is in bottom range.


I drop it here now but I planned to try reproduce it from data. Let's see what I can do. With blockchain, and public ledger, data analyses are reproducible.

Bitcoin: An Unprecedented Experiment in Fair Distribution (https://coinmetrics.io/bitcoin-an-unprecedented-experiment-in-fair-distribution/)

Bitcoin will never fall to zero.The real question is what will happen to BTC after the pandemic ends?
There are two scenarios I can think off:
1.The Bitcoin market returns to the 2018-2019 situation,which means price fluctuations between 5K-15K USD,bullish and bearish markets,uncertainty about that future,etc..
2.Bitcoin gets massively adopted after the pandemic,so the BTC price goes above 20K USD and stays there for years+the sky is the limit. ;D
In both cases,there is great potential to make big profits.

It times of severe famine Pizza's more valuable than Bitcoin. With Pizza your stomach will be full but Bitcoin cannot. If I'm not mistaken, I remember the story of one man exchange his 1000 Bitcoin with one box of pizza. Correct me if I'm wrong. Anyway, neither I'm wrong or right, the point is you cannot eat your Bitcoin in times of severe difficulties in life. I mean about the survival mode Bitcoin will fall to zero and Pizza will boom rapidly.

It is 10000 bitcoin.
https://www.coindesk.com/bitcoin-pizza-10-years-laszlo-hanyecz

i think two different things are being confused here. falling in price and falling down to zero.

the reasons you mentioned here are for justifying the price rise of bitcoin and why the price won't go down in the long term. for example why it will never go below $10k ever again is explained here.

but falling down to zero is a very different matter. to be worth nothing requires bitcoin to have absolutely no usages anymore which can only happen in case something drastic happens like internet shutting down globally!

I always think these historic charts make more sense on a log scale, because we have seen several order-of-magnitude changes over the years. Whereas with a linear scale, the first half of the orange area is effectively zero, as is the second half of the green line.

There is of course a chance that bitcoin drops to $0. It does seem unlikely though. As for what happens in the aftermath of the pandemic, there are two conflicting trends and either could win out in the medium-term:

• Bail-outs and money printing have brought the deficiencies of fiat into stark focus, as happened in 2008. The case for bitcoin grows stronger.
• Bitcoin has the potential to be a store-of-value asset. However many people currently view it as a highly-speculative asset, which is generally the first thing to be sold when the economy hits trouble, as it will once the delayed economic effects of lockdowns and bail-outs start to be felt.

But long-term, yes, bitcoin has never looked stronger.

The speculations that I have read for this situation is most likely favoring no. 1. They have internalizing that possible result after the pandemic. Just like what Robert Kiyosaki said, when the vaccine is made the market is likely to crash but eventually will recover.

Tweet source: https://twitter.com/theRealKiyosaki/status/1305930263482871808

Yesterday, there was an announcement about the vaccine and the market corrected. It didn't stayed long and we're having to see its natural recovery. I'll wait to see more action like this and if it's become stable as this, we'll likely see the option no. 2 to happen.

Something isn't right in your logic. Pizza cannot "boom". If it gets to the point where one pizza becomes worth more than $15k, then I doubt people would not refuge in alternative economies such as gold and crypto.

If famine hits you, pizza would be a luxury, a specialty. But comparing that to BTC just doesn't make sense. Pizza is perishable; Bitcoin lasts forever and under any circumstance.

I don't understand how the charts posted by OP might indicate a trend of going to 0 or in any way support the idea in the title of this thread.

Literal 0 is only possible if all exchanges disappear. Even if there's a single exchange somewhere in the land of the nerds where people collect various things, like Japan, the value will always be above 0.

I can see that transaction value is going down, but the total value of the asset is going up so it's normal. Long time ago you had to spend 100 BTC to buy a car but now just 1 is enough so it's understandable that transactions will become smaller but as long as there will be any the amount and $ value will be above 0.

exactly this

I have done a lot of thinking about what could happen to Bitcoin when the market correction happens after the new ATH is achieved and the companies and institutions which seem to hold a huge amount of BTC decide to dump their holding either way I want to clarify that the price of Bitcoin will never fall to zero but it will only affect the market price.

if you're having a hard time instead of just exchanging bitcoins for a box of pizza, I guess any item at home that has real value will be exchanged. Bitcoin which is clearly not consumable because it cannot be held physically. clearly can be exchanged for something tangible and valuable. in any situation if at a moment of urgency I think it would be the same as you said regarding the story of someone who swapped a sizeable number of bitcoin. If in recent years the number of bitcoins in my opinion is not just a box of pizza. even the pizza shop itself can only be exchanged for a few bitcoin.

Exactly! Just to let you know. It is not a words of mine. I took it from the most common FUDs aim at bitcoin, from articles, magazines, blogs, social media. It is kinda exaggeration that is popularly used to spread FUDs.

I brought it to you to say such news and FUDs are pointless and should be ignored. The scenario you said is probably never happen.

When you analyze data, you can transform it to different scales and log-scale is one of them.

I don't predict price here. The combined chart is given to show the opposite trend of bitcoin and USD (or USDT). Imagine bigger, even if bitcoin won't rise higher, and will have same price $15800 10 years later, the intrinsic value of 1 USD is lower due to its inflation. So if you combine the growth of bitcoin and the inflation of fiat, fiat currencies will be more trashy.

I'd like to say the opposite, the growth of bitcoin. The article from Coinmetrics.io gave you other interesting information. People have less and less moved their coin in multipliers of 1 BTC and they more frequently moved bitcoin in the form of satoshi. It is an indicator of growth.

People have invested loads of money in BTC and that's how the price has increased, I think the price will go down once the pandemic ends many will start to sell their assets as Christmas is all set to come there will be more buy and sell. I feel BTC will break 20k barrier and go to all time high as we saw 15k + after 3 years. Some interesting things are on progress let's wait and see.

yeah. i too have seen this type of FUD specially lately that the bull market started growing bigger in size. it seems to me that whenever there is a price rise and certain people are left behind due to their own ignorance they start this type of FUD in the hope to compensate their mistakes. normal people just FOMO buy though!

The tendency that it's price could be higher breaks the idea that people will more likely sell during Christmas season. What's more likely to happen is that people will hold, and wait for more as long as there is an upward momentum in its market value. The only way its market price will decrease if huge amount will be sold in an instant making a trigger for a downfall, huge enough to make changes. More likely, whales will be the one to do so. The pattern of the 3 year-interval is I think not valid because the market itself is inconsistent which contrasts to the idea of a "pattern".

I am sure we will not see the time when Bitcoin is offered…for nothing. The price of the most valuable cryptocurrency will be always volatile, but it will not vanish at least in the nearest 20 – 40 years. I hope, BTC will help us to start the better life.

Indeed! Graph is just a historic record of price event, it never tells about the future or what so ever since we do not know the certainty of it.  We may predict but it doesn't mean that it will happen or more accurately, there is a huge possibility that our prediction will never happen.  About  Bitcoin falling down to zero, the certainty is still possible, like the world power uniting to ban and demolish the cryptocurrency thus creating an unpleasant atmosphere and pressure to merchants that are accepting BTC.  Or the event where the creation of more advanced cryptocurrency made Bitcoin obsolete.  So we will never be certain about the future, but, instead of thinking too much about it, why not just enjoy the current surge of BTC price.

Bitcoin, can not fall to zero, because without bitcoin no other alt-coin, for past 1 month na, bitcoin has been in bullish stage, which other alt-coin, like ethereum are keep moving higher in the price, whenever bitcoin turn reverse, it effects the market, therefore bitcoin is still remains the best among all the alt-coin.

I am among those who do not believe Bitcoin will fall to zero, because seeing the price of Bitcoin which continues to rise  and is now
at the price of $ 16,200. That all convinced me Bitcoin would soon be back at $ 19,000. What is interesting is if the corona vaccine is
found and proven to be effective, it can prevent the spread of the corona virus.  It is possible that the price will drop back to the price of
$ 6000, although this is only my prediction.  The most important thing is we are always vigilant to see Bitcoin movements which are
indeed unpredictable, always use the stop-loss feature to prevent big losses. And don't be too greedy to pursue profit, I also sold some of
my Bitcoin for taking profit.

Let say bitcoin will go zero value. We cannot avoid it because bitcoin is an asset and currency, anytime its price may goes higher or turn into undervalued. The importance is that we are using bitcoin nowadays. Let's just embrace the fact that everything changes for a purpose. Bitcoin can become valuable or worthless, time will dictate what will gonna happen to it.

As an supplementary chart for the one in OP, I give you this one, the chart for Satoshi per dollar (from Jan 2013 till now).

Both the units and amount of transactions (in BTC or in Satoshis) and this Satoshi per dollar chart give us a consistent signals of bitcoin increases in value.

Agree with you let's hope for the best and believe everything will be fine in upcoming days, who knows even the world can end. People are living only in faith and belief that's how everyone are moving.

BTC is purely for next generation which means the root has already planted and we are slowly getting the fruit from it and let's believe it will be keep going till the world ends.

With $100, the amount of BTC you can buy with it has been decreasing over years. The speed of decrease is speeding up since 2020. Charts are about USD value in BTC can be bought with but if you notice, you will see it reflects that some months in past years, USD has more value in BTC amount. In other words, you can buy more BTC with the same $100.

I don't think that it will fall that low after all this ATH that bitcoin has constantly shown over the years, I mean it did have the 2018 as an opportunity to lose its value but it didn't. And with the law of supply and demand backing bitcoin market, I think that the less bitcoin in circulation there is, the higher the prices is going to be.

I dont think that Bitcoin price will fall to zero unless there is a major event that greatly affecting bitcoin trading and its related operation, for example Like a government crackdown on a global scale if that happens I'm sure it will create a massive decline in BTC prices and might to go zero value in no time. But it was just my personal opinion and I believe it will not happen because many people around the world still believe and holding Bitcoin and there is no government crackdown on a global scale so it's very far from happening.

Bitcoin is on a Jet speed to Moon! The recent price increase and general bullish market is notunconnected to the fact that loads of firms have started buying into the blockchain space and creating more scarcity for the bitcoin unit thereby driving prices to the roof. i do not see bitcoin falling to zero as loads of financial institutions have committed their reserves towards purchasing bitcoin and more are alos coming onboard. Bitcoin is Mooning and still will continue to.

I don't think the price can go down to zero but there is a possibility for it to decrease to much lower levels than now of course. But things are going really well for Bitcoin now. The price is at a very great level and its adoption continues to increase. But the Bitcoin team should definitely find a solution for high fees which is happening when the price goes to the moon. Because it really doesn't make me feel good when I pay too high fees for my transactions.

There will always be a possibility that the price will slump to zero but I don't think that we have to worry about that from happening because there are a lot of companies right now that is currently invested in bitcoin and I think that they are our first line of defense when it comes to that because they have the biggest interest that they have to protect. I hope that they will fix that because I believe that if the fees are kept at minimum or low then the developers can focus on other things.

There is always a chance for the price of any cryptocurrencies to fall to zero dollars. Bitcoin seems much more powerful than the others but the same risk exists for it too. It actually depends on how much a cryptocurrency is developed and whether there is always an effort to make it better. As long as Bitcoin and the Lightning Network continue to get better and spread around the world, it is very hard that we could see the price being $0. And the high-fee problem is not an impossible problem to be solved.

Bitcoin price is too crazy sometimes but it doesn't mean that bitcoin price will fall in to zero, i never think that things. Its been years since I start using bitcoin and base on my experience bitcoin price sometimes is the lower position but after a few days its price might amaze us about its instantly changes.

As long as many people use bitcoin, who but and sell it, its price and value will remain.

bitcoin will not reach zero, stay at 20K maybe the lowest price of 1 bitcoin, if bitcoin reaches 0 then bitcoin is dead and there is no interest at all, and there are certain factors that make bitcoin 0, and of course if bitcoin reaches the lowest price of 0 all crypto will lost and left history