Bitcoin Forum

https://i.imgur.com/PoWrkeS.png
source (https://u.today/china-communist-party-mouthpiece-warns-bitcoin-may-collapse-to-zero)

As usual, when the market is bearish, China gives a statement attacking bitcoin and they have stated this over and over every year...

Satoshi once said that the lost Bitcoins as well as the Bitcoin holders are strong milestones for keeping the Bitcoin price in check. so as long as someone holds bitcoins, lost bitcoins as well as bitcoin traders the probability of bitcoin price going to zero is 0.1%

china and other countries that don't like bitcoin will always take advantage of the moment (most often when the market is bearish) to spread their FUD to everyone in the world, but they will always fail because Bitcoin is already embedded in the minds of millions of people (CZ said)

I also present a good topic, as supporters Bitcoin will always survive;

---

• Bitcoin doesn't care! (https://bitcointalk.org/index.php?topic=5309976.0)
• Reasons why I prefer Bitcoin over any other assets and dips don't panic me.... (https://bitcointalk.org/index.php?topic=5375489.0)
• Fear is not Real. (https://bitcointalk.org/index.php?topic=5377324.0)
• Why Does Bitcoin Have Value? (https://bitcointalk.org/index.php?topic=5233364.0)
• Why is Bitcoin valuable? Great answer from Redditor VitaminBTC (https://bitcointalk.org/index.php?topic=5321875.0)

I really don't understand what can be the very reason why China would still allot some time and resources just to make a statement like that. They already kicked Bitcoin out of China so why still wade into it. Can it because they know that the government of China has not actually stamped out Bitcoin from the people...meaning that there still some number of Chinese who continually believe and hold Bitcoin? Frankly speaking, I am also getting discouraged with Bitcoin but if I have the money to do so maybe I would be buying more BTC because with this statement coming from China the opposite is actually coming: BTC will soon be gaining grounds and not grind to zero! 

We always face same situations where when prices are going down people start saying the same bullshit again that it's bubble it will go to zero and all other nonsense talks but yes bitcoin doesn't care at all and so is the strong btc supporters.When look at the past how much growth we have made and understanding the future adoption we will not panic much and it stands a great future ahead so we don't need to worry.When it will be at $100k then buying at ATH would also land you in profits and it's not mere fake talks.

It's not just China, all the corrupt authoritarian regimes have been making similar statements. For example the American Mouthpiece such as Fox News have been spreading basically the same doomsday propaganda against bitcoin.

This looks like a very good sign to me because it proves that Bitcoin has been very successful that it has struck fear into all these dictatorships. We are in a new stage where they feel so threatened by it that they have to start attacking Bitcoin.

Bitcoin has holders of the last resort. These people are guarding bitcoin day&night. There will always be a price support for bitcoin. Whether it is at $10k or $100 it doesn't matter. People will always want to buy some no matter what the price is. Can it go down to $1k? Sure, it can but sooner or later it will make a new ATH too. Those people will buy bitcoin no matter what the price is and eventually the supply will dry out.

Many Chinese people are still using Bitcoin/crypto illegally. That's why the Chinese authorities keep the FUD propaganda. They simply cannot stop all the crypto enthusiasts in from using cryptocurrencies.
The seconds reason is pushing the digital yuan, by trying to FUD on the cryptocurrencies.
I wonder why the Chinese FUDsters are so focused on Bitcoin. BTC is the most stable and secure cryptocurrency(by stable I mean that the blockhain is stable, not the price). BTC price might never go down to zero. The FUDsters should be focused on the shitcoins, because the shitcoins are the real problem of the crypto world, not Bitcoin.

No doubt that China already understands what Bitcoin is and represents and they are trying by all means necessary to continue to not only stops its citizens from trading and using it, they still want to spread that same FUD to the world. Just days ago I saw this post too
Chinese messaging app WeChat bans accounts involved in crypto (https://finbold.com/chinese-messaging-app-wechat-bans-accounts-involved-in-crypto/) from this thread https://bitcointalk.org/index.php?topic=5403603.msg60418031#msg60418031
It was the Bitcoin mining Ban whose effects didn't last long then the numerous Bans which are still not having effects on Bitcoin and now is a prediction of Zero price ;D Don't worry China, me, I am prepared to take all losses if it does happen.

The simple fact alone that I will have a huge buy offer at $0.0001 per BTC if ever BTC crashes that hard(obviously very unlikely that I'd even call it impossible), is enough proof that bitcoin will never go to zero.

One thing I learned from participating in the forum is that whether the news source is generated during a bull market or a bear market, they serve different purposes. And what I find interesting is that influential organizations and individuals are no exception. There are mixed views, and here, like some people, I find things that drive prices down and then buy them back up, a manipulation that makes many people panic or sad. I'm basically a bitcoin lover, so after so many years with information like this, I'm just taking it as a bit of entertainment during difficult times, and let's be optimistic with BTC in the future, everything only that :)

Have you ever noticed that when the Bitcoin price is low..... most media platforms will start spreading FUD and telling people that the heavens are going to fall..... and Bitcoin is going to zero.... but they hardly mention Bitcoin when there is a price spike.  ::)

This is "selective" reporting that are backed by a hidden agenda not to highlight Bitcoin's price when it is booming....and to do the opposite, when the price are crashing. (They say, good news does not sell papers.... but mainstream media are trying to manipulate the public, by just highlighting bad news about Bitcoin)  >:(

Bitcoin will never go to 0 since even if it would go to zero it would quickly go up again. This is because 21 Million coins is not that much, so if the price goes to 1 Cent for example I could buy up all bitcoins in existence for only 210k USD. If you now consider all the BTC that are lost and in storage, I could even buy them for maybe 50K USD. (And if I ever have the whole supply you can be sure you won't get a coin for under 1 Million USD back)

China is known as against Bitcoin. They usually make such comment regardless of what the Bitcoin situation as long as Bitcoin getting attention again by mainstream. We can see many article and news like this in daily basis but people are just bringing it up now to fuel the dump just like what you said as selective but not reporting. The readers are the one giving importance to it due to the current situation. This kind of news will be completely ignored if the price of Bitcoin is normal or pumping.

The main problem are those crypto people that easily being scared for news that is irrelevant if we really think about it.

China is against everything that they can not control, since the people of china are basically slaves to their own government. The mistake of the Chinese government is that Chinese people because of this media dump their coins when price is low and start to buy when it is high. So in the end they loose money to the rest of the world.

Freedom, and that's why China and other authoritarian regime are afraid of. They will and won't give that freedom (be it financial or the power to the people to speak or act). And what better way to kick a dead horse? when they are down. Fortunately, even country as big as China doesn't have that influence on bitcoin market on the long term. And once we are in a bull market again, they will say that bitcoin is harming the environment and any arguments that will put it on the bad light.

Indeed. This isn't a shocking, new phenomenon by itself, of course, but it's still worth highlighting just how much some people still don't get it. This sort of "negative" hype has been a primary tenet of practically every "crypto crash" prediction that has emerged in the past. In fact, not only has this trend of "skyfall" predictions been witnessed consistently since Bitcoin first started making headlines....but this hype never seems to end up panning out for the naysayers. These "skyfall" predictions should not be treated as a reliable indicator, but rather be dismissed out of hand. Those who spread this sort of negative hype, may end up regretting it later on. Just my personal opinion.

Have we not learned our lesson yet?  They are all playing the legality/survival game on us.  It is just so easy for them to move markets with just few words.  They can make significant changes and turn markets bearish to accumulate or bullish to sell out.

I however suspect they are likely trying to throw FUD into the wild to make the current bear run worse so they can accumulate.  They surely know and despise that some other governments and billionaires are earning more purchasing power through Bitcoin buys.  They surely know Bitcoin is here to stay, I doubt they have a distorted vision of what Bitcoin truly is a decade after it became a popular thing.

Bitcoin is never going to zero.  I know it.  You know it.  They know it.  But they need a strategy and since most of the governments missed the train, they are trying to catch up.

-
Regards,
PrivacyG

One thing i can tell you all is that we all should not underestimate China, they probably know what they are doing, they are market manipulators, it is highly possible that they are using their influential power to manipulate the price of Bitcoin and the cryptocurrency market in general, making the world to believe that they don't like Bitcoin and are against it, meanwhile indoors, they are busy buying Bitcoin each time they manage to cause its price to dump, and also selling them when the price goes up, thereby secretly gathering some good wealth for themselves and their economy, This is highly possible.

And also, i believe its just a matter of time and their stance on Bitcoin will become irrelevant to everyone and their FUD statements will no longer cause a steer in the Bitcoin market anymore, it happened to late John McAfee , its happening to Elon Musk, it will soon be China's turn to be ignored.

Obviously bitcoin can now never go to zero, you see LUNA as a Cryptocurrency, even that after sucha. Huge failure couldn't go to zero it just came back up from some decimals so how can you expect bitcoin to go to zero, i am not even expecting bitcoin to go below 5k at this point in time you are saying it'll go to zero? It has some blind supporters who no matter what will always be buying Bitcoin thinking it'll revive one day.

The fact that they are being threatened by bitcoin, so it means that they see lot of potentials in bitcoin that could trigger their own currency in the long run. Admit it or not, they won't be attacking bitcoin and create black propagandas in the first place if its incapable and useless. Hearing all those similar understatements for bitcoin from different anti bitcoin countries, i think it will initiate more motivation for bitcoin to increase its community's demand and finally become mainstream in the whole universe.

Just observe on the time that the market do make out some good recovery then those negative words would turn out to be positive or simply they would really be going with the flow on what the community is been saying which is something not that surprising.Indicators ? Not a reliable one if we do really talk about emotional aspect which is mostly been generated with this kind of scenario or situation.
We know that future cant really be predicted or shall we say that nothing do last forever but in the case of bitcoin then this is something really hard to believe on to go to zero or been replaced by something
but somehow we cant really just removed the probabilities yet everything could really be changed and that would be depending on the community itself.

China is fearing bitcoin because its decentralized. Sure there is no love by hte powerful of USA or UK or wherever, but there is a huge difference in the China situation. People in other nations are free to do what they want, I can say "fuck biden" and nothing will happen to me, hell robert de niro said "fuck trump" on national tv and nothing happened. Go ahead and try that on a tv channel (doubt they have more than a few allowed by ccp) and say fuck mao or xi, and see what happens. There could be some people who defend china, I don't care, if you can't say fuck xi and get away with it, then its a dictatorship. Hence, decentralization weakens their power of control and they do not want that, as simple as that.

The Chinese media is different from the rest of the world. Maybe that's the reason that makes them spread unwanted information about cryptocurrencies. In my country some media does it in the name of safeguarding the common public. Already there were more MLM scams and these media never talk about those losses. Same time few are conducting program that educates what really is cryptocurrency and what are its advantages and other benefits.

People are afraid because of the dumps and I think it's become normal because of the psychological of every person especially when there is money involved.
For me, Bitcoin was created very well and it become open-sourced and decentralized, no one can control it or force it to go to zero.
If ever it will go to zero, for me it already happened a long time ago, as you can see Bitcoin is still here.

Whenever I see news that has a headline similar like this one, I always remember the memes regarding this one since 2013 til up today even in the year 2050. There always be a news headline or Antis will always say that "bitcoin may go to zero" which is funny yet annoying like hearing the same statement from the same people all over again like a broken recorder. The only difference is the gap of bitcoin price at the time they said those quote.

Bear season is a party time for all Bitcoin critics and opponents. Their loud mouths are all over the internet. It amused me how headlines after headlines of the likes of Bloomberg, CNN Business, The Wall Street Journal, and others are like becoming Bitcoin price tracking services. They seem to be too joyous to relay the news that Bitcoin's price has fallen.

What's funny is that if we look at the pattern, it is obvious that they're fooling no one but themselves. They had this same party when the price fell to $200 and then they did this again when the price fell from $2,000. And just recently they did it again when the price fell from $20,000.

I think the owners of BTC in China have a lot of BTC at the moment because there is a lot of FUD and they take advantage of moments like this to buy a lot of BTC because the goal of FUD from them is to increase their stock of BTC (perhaps) is just my opinion on the current circulating FUD

Bearish statements are one thing, which are normal these days, and daring to claim that it will go to zero is another. But with the Chinese Communist Party claiming it, I am not surprised because no one is going to ask them for explanations for saying such an obvious falsehood.

That the Bitcoin could collapse and go to zero was more logical to think the first years, but not now, with all the adoption that there is, all the exchange houses, institutional investors, countries that have made it legal to tender, etc..

To zero tend all fiat currencies, including the Yuan, and that is what the Chinese Communist Party does not say.

Some manipulator use this word to create more fear tk the majority of investors but actually in times like where we already see more worse many already knows that getting zero in value would never happen that's why we see a good little recover because many people already brought up their coins for hold since we might see a chance for pump as market is showing some good price trajectory.

I wouldn't say it was logical to think that it was more likely to collapse to zero during its early days. Actually those understood the tech were pretty sure that it would NOT collapse to zero. Intuitively one could argue that it was likely to fear or believe it could collapse to zero during its early days. Logical would mean that someone who fully analyzed and understood the code came to the conclusion to say it could collapse to zero.
I don't even know it is worth discussing so much about what the Chinese government has to say regarding Bitcoin :D

Actually there is also difference between saying you could lose all your money (so you personally have zero) or Bitcoin as a whole collapses to zero. The latter one is quite stupid, although I am friend of the saying never say never. Of course there could be some secret technology being development in a basement that for whatever reason can crack Bitcoin. But I regard that as not particularly likely :P

They are doing it since the birth of bitcoin or safe to say since they noticed bitcoin for a threat for them. Free people do not care them and we are enough or bitcoin would not survive over a decade.

There will be 21 million of bitcoin. Being the chance of zero became invalid when satoshi had the first transaction. There will be no zero.

Sarcasm aside, we are talking about value. Bitcoin will become zero when there will be no buyer for it. As long as there will be a single person to buy bitcoin the value is never zero. At this prize I am looking for cash to buy bitcoin. I know many people are doing the same. Right now the price is $21,100. If we have lines of people to buy bitcoin at a price of $21,100 then imagine how many people will be in the line to buy the same bitcoin when the price is even going to under $10k or $5k or $1k (unlikely)

You can market out a thing if you have control over it. An individual, a public or a private organization is not controlling bitcoin.

That's Cold ;D Anyways, we all know that these guys in China are just frustrated just by seeing Bitcoin still Holding strong after every nonsense they have thrown at it. As most have said, why do we keep seeing all the FUD only when there is a dump in Bitcoin price and not all the Praises when the price goes up? I would want to believe that they know that this has gone on for a bit now over the years and not to mean anything to the community, the true believers of Bitcoin but I guess they will try anyway. 

Something I don't quite understand is why is China so concerned about BTC that are spending a lot of resources just to discredit BTC, but the more they do this, the more BTC gain more popularity. They should give up already.
BTC will never die and will never become zero.

I think this propaganda might be ridiculous to us, but every country has a solid number of people who heavily rely and trust the state media, and I believe the number is higher for authoritarian regimes where access to other information and media freedom aren't really a thing. So China can do it for its own audience, to ensure they can keep their population under as much control as possible. Bitcoin is a way out of that system, of not being under state's control and monitoring, so of course China will do what it can to limit the spread and to use the timing of the bear market to scare people off.

The fact that a lot of chinese people keep holding Bitcoin could be an indicator of the level of trust the population has in their government.

I have a rule of thumb --> don't ever make your decisions based on a conservative mindset when you invest in technology.

Other than China is mainly against with Bitcoin and other cryptocurrency, I don't know their propaganda but they will do anything to spread fake news, countless banning and continue to try take advantage of the current and any bearish market on crypto to provide negative campaign on it.
Anyways, my guess is they're really are against decentralization which is one of the main factor on cryptocurrency especially bitcoin.

Mate, I will tell you that nothing is impossible in this world and everything in this world will come to an end. Bitcoin was born from nothing to existence, from worthless to valuable, and what causes us to not believe it would return to the way it was if no one in the world would buy and trade it regardless of the reason?

I agree that bitcoin will not reach $0 as long as there are people willing to trade it, but when no one does, it will soon become worthless. However right now I wouldn't imagine that to be a reality anytime soon as bitcoin still has a strong community. Although bitcoin has convinced me enough about its potential and existence so far, but surely people will consider the worst risks in the future. In fact bitcoin is still worthless in places where there is no internet access though I think that's a different matter. I honestly have nothing against him but just think that there are no guarantees whatsoever about his future and we are the ones who take the risk.

Chinese media is not different. it is basically controlled by the Chinese Govt.  and they just don't like Bitcoin. so whenever they see Bitcoin Droping or taking a dip they stard spreading fuds and negativity  and try to make the situation worst. Chinese govt is very strict and they want to do everything to control their citizens. but if Chinese people start becoming bitcoiners. then govt will eventually loose it's control over them.

Hi

Volatility doesn't scare me either. Once I understood some of the properties of sound money and how fiat money is controlled, it's kinda easy to not be scared with volatility. The Bitcoin system is built in such perfect way that it makes me feel quite safe. We just have to care as well as possible of our private keys and the system will take care of the rest. Volatility will smooth out when more adoption comes, when more people chose to use it as a media of exchange and storage of value than tranding just to get more fiat or even to get more Bitcoin! Volatility will smooth out over time as more fiat is transferred to Bitcoin!

Of course there is still a long way to go before we can say "it's all good now". Education is needed as soon as possible, even in schools, teach basics of economics, introduce blockchain and Bitcoin in school programs!

Haters will spread FUD always. But who knows if they want to accumulate at a lower price? How may Bitcoin go to ZERO? I don't see any valid reason. This is backed by the world's big cryptocurrency community. On the other hand, many institutional investors already invested in Bitcoin. Thanks enough Bitcoin won't be ZERO anyway. China FUD doesn't affect Bitcoin lately. Because this type of threat isn't new for us. Let them live in a dream. 

Theoretically, china communist party is right, because there is still a microscopic possibility of what they said, but they are silent about the fact that the demand for bitcoin can grow very strongly in the future and the probability of this is very, very high. In fact, I didn't hear anything new from the words of the representatives of the party, that is, the government. They are afraid of bitcoin, because they can't control and influence it in any way, therefore, they try to scare people away from bitcoin with such warnings. In any country, you can see similar behavior of government officials.

Yes, I think that bitcoin at a price of 0 is more of a props. I understand that now everything can be expected from the world, but I just don’t believe in it.

This describes it well, a microscopic possibility... But imagine everyone around the world would communicate about events that could potentially occur despite the chance for it to happen is at maximum microscopic small. :D I am just think about a funny conversation between two people who'd go about it that way in a full conversation. But I get that it is not atypical for those regimes to spread their messages in propaganda in terms that nobody can in theory refute despite the implied outcome being highly unrealistic.

This is insufficient justification for bitcoin to lose all of its value. If China intends to devalue bitcoin to zero while Dubai seeks to increase its value.

So many speculations and they always have a reason to back them up, I was watching a video of an analyst during this bad period where he (the analyst) said that he sees bitcoin dropping to the extent of  $3000 due to tue market collapse but he was also sure that Bitcoin would also rise to nearly or even a million dollars as well this sort of analysis undoubtedly can gets any one excited but we must understand that it is still only their beliefs.

Bitcoin will never go to Zero, that's stupid. Even If Bitcoin price goes down too $3000, there's thousand of buyer will buy, and big investor will not let it go down that much. Unless we see a 3rd world war, that's different case though.

0 of what? CNY?
The reality is that even when bitcoin was almost completely unknown and Laszlo was buying his pizzas for 10k BTC it wasn't worth 0. It also wasn't worth 0 when the biggest exchange in the space MtGox went bankrupt and took all the money with it. It's never going to be worth less than it was when it begun its journey. There will always be a lot of people willing to bet on it.

It's not like all those companies that are making hardware and ATMs are going to suddenly say that bitcoin sucks and they don't want to do it anymore and that's one of the things that gives bitcoin its value. Saylor is not selling, I'm not selling, many other hodlers aren't selling. Let's see who's going to be right about that 0 we or Chinese propaganda.

Bitcoin is not going to zero, it will not go to 1000$ also, and also 10,000$ is beyond imagination. Don't fall for these fake and negative price predictions for bitcoin which is spreading on social media.

Anyone who knows the history of bitcoin knows that bitcoin dumps to a certain level in each cycle but it does not reach very low values. A sensible person will always buy at current low prices and may not wait for those unrealistic low prices.

Though we can't say it was possible to get zero, however, we can't argue the fact that the volatility of the market might bring the market to the deepest value. However, for those who positively think Bitcoin is a great asset and believe its better fortune, this is certainly out of their mind. And besides, it was already proven that despite the huge fall in prices many people still holding their Bitcoin and even accumulating more.

Some are selling while many are buying which makes prices to pumps back - That is why it never goes to ZERO.

well from what i read the cz is a person who has china nationality, so i think he should be careful to be on the opposite side of what the communist government of china thinks. these chinese (people from the government of china and the political party of china) do not like to be contradicted by their citizens and when a china citizen contradicts the government then he needs to prepare for consequences.

---

about the price of bitcoin falling to zero, this is the biggest mistake of this year, I mentioned this yesterday that not even at the time when the price was 1000$ it didn't drop to zero, so today that it is at 20,000$ would it drop to zero? this is ridiculous

Do you really wanna know why? Now take a cup of water let me fantasise here.

China had already know the potentials of bitcoin, they have under study its protocols and the blockchain. They have seen how powerful bitcoin is already. Then, they want to shut bitcoin down and produce something similar to bitcoin. They want to use it to control and manipulate the world.
Their quest to control the world and answer world power is very high and they believe in their population to push whatever technology they invent. But little did they know that they have failed already because they cannot shut bitcoin. They should make their CBDC to compete with bitcoin if they can.

A country like China has its own reasons for jot adopting the use of bitcoin all because it want a conttol system that will be mainly centralized in which bitcoin cannot abide with, they introduce thier oen CBDC and the citizens have no choice than to make effective utilization of it, though p2p can also help a way out in such conditions for bitcoin in countries like China, the people have now developed wings in decerning for the right choice and make pursuit towards that which is right to help them have a nee change in finances.

bitcoin has  gone beyond the media influence because people understand what it's usefulness is and how they can take good advantage in it, no amount of oppositions can change the true value in bitcoin.

I think there is only one way that bitcoin could crash to zero, and that's if Bitcoin fails as a technology.

Let's say China uses a Quantum Computer to get all the private keys and make one transaction to send all the bitcoins to 1 address, that would kill bitcoin. Even if there is a fork to recover the coins, it doesn't matter if someone has all the private keys.

It's not a new thing anymore because right from day one no government has ever been in support of Bitcoin because of its decentralized nature which excludes them to be in control, not until El Salvador took the bold step in making be it it's official legal tender, followed by Central African Republic, but however, Bitcoin will always strive through all odds.

I am sure that the price of bitcoin will never be at zero. I understand that there are different situations, but so far I can not imagine such a situation. I am sure that in the current market it is simply unrealistic.

I believe bitcoin price will be at zero.We always face good or bad market condition. Now very though to predict market condition but bitcoin will never be at 00. Cz bitcoin is long term investment coin and bitcoin is most popular and most valuable coin in crypto market. Bitcoin investment increase day by day.People still loves to bitcoin investment. I hope bitcoin price will be recover soon and i hope bitcoin price will be broked of all time high price.

I have always been wondering whether the Chinese strategy is a desperate try to actually accumulate more at the lowest prices possible. I mean they aren't living under a rock. They certainly know that the technology and Bitcoin in particular is most likely going to play a significant role in the future. Even if they disregard what Bitcoin stands for, that is probably know from where they start their analysis. They might want to prevent Bitcoin from spreading within their country, but they can't stop it from spreading within other countries and so it might appreciate in value significantly throughout the future. I don't know, I can't help it but think that they do own a decent amount as well. It is pocket money for them.

Exactly, I so much love this comment, China is totally obsessed with things they can not control. China has sought to be world power on so many occasions and failed in every attempt, and the worst thing that could possibly happen is for China to be in power of Bitcoin, Lol (impossible). As you rightly said, even the people China are a slave to their own government which happens to be one of the flaws of their governmental regime.

Anyways, I’m not too surprised about the statement, it’s natural that good things will always receive criticisms!

people's thoughts about bitcoin are getting more and more interesting, many of my friends really hope that bitcoin will return to $10k, if bitcoin is at that price they will sell all the assets they have just to buy bitcoin at that cheap price. bitcoin is very popular with young people, I am very happy to hear that the majority of my young friends prefer bitcoin to gold and property.

we hold bitcoin, we believe in the potential of bitcoin. No matter how much the price of Bitcoin drops, these hodlers still believe that Bitcoin will increase in price in the future and it does not matter what the current price is. If the Bitcoin price drops to $10k, $1k or $100, this is entirely possible but holders still believe there will be a new hit in the future. They will continue to buy Bitcoin regardless of the price, and as the end result, the supply will dry up as the amount of Bitcoins held in the hands of users will increase. Although the price of Bitcoin depends on many factors and predicting the future value is very difficult, so it is best to evaluate carefully and cautiously before investing.

I like to think it this way:
The ultimate goal of Bitcoin is to "consume" all value in existance in fiat right now. This value is being transferred slowly while adoption is not yet the greatest. But the value transferred into Bitcoin is increasing, so, while adoption keeps happening, the value in Bitcoin wil also increase. With hodlers, traders and adoption, I don't believe that Bitcoin can ever go to zero, not even 0.1%!

When you mentioned the "ultimate goal of bitcoin as consume", I am still confused boss. So I will like you to tell me more on that. And I know that bitcoin is not on this Earth to consume the Fiat Currency but to support the Fiat to create stability from inflation. Yes I agree with you on the value of bitcoin increment. The value increase day by day and the individual adoption of the technology is also increasing rapidly but the only part that is still holding the development of bitcoin across boarders is the government adoption in their various countries.
Once the various countries accept the new technology to be used in their Countries then the value will increase the most. And for bitcoin to go back to zero percent is not possible again because the individual adoption is high.

I said that just like the EURO "consumed" all currencies that adhere to the EURO. And in an ideal scenario, there will be no fiat. Why you say that Bitcoin is to support the fiat? Bitcoin is the opposite of fiat, or at least has almost opposite properties and goals!

Ten years ago people would have believed such a statement that the Bitcoin price would go to zero. But now no one will believe this who knows about Bitcoin. China has always been working against Bitcoin, creating one FUD after another and creating a negative impact on the market. But Bitcoin has overcome those negative effects every time and now Bitcoin has become an acceptable asset to the new generation.

You cannot expect the Chinese Communist government to give the citizens of China the right to conduct financial transactions freely. But no matter what China does against Bitcoin, at the end of the day Bitcoin is here to stay and in the future it will spread even faster to smart new generations ignoring the Chinese ban. So I think Bitcoin will never go to zero.

At the moment i think this would also be very illogical to happen, seeing how long it took bitcoin to reach its current state makes me more confident that its value will always grow in time.
Some of the fiction stories that I've seen on many movies talk about the future life of people in war, or natural disasters,... and it's also very unlikely to happen like a tragedy right now disaster with the economy causing things like bitcoin to lose the status it created.

Bitcoin has stood very firmly so it will be difficult to fall until the price becomes 0, although there is a lot of negative news spread but there is only a slight decrease and some time in the future its value will definitely increase again, and this has often happened so investors still feel calm and they are always loyal to wait until the increase occurs again, So the Chinese attempt to drop Bitcoin to zero will be impossible, so we as Bitcoin users must be patient in facing any situation because many parties want to bring down and also want to develop.

China or America is just a single country, they don't represent the whole world, so they are nothing. Even if China joins hands with the US, the two biggest powers in the world, to stop bitcoin, I believe they will not be able to stop it, let alone a China. It can be said that bitcoin going to 0 is unlikely, the probability of that happening is very low if not zero. In the past, I also had doubts about the future of bitcoin, but with what I have seen bitcoin achieve, those doubts have almost disappeared.

Yes, the future is unpredictable, but the probability of bitcoin going to zero is very low, and we don't need to worry too much about that.

If the probability is 0.1%, then how is it that you are saying it will never go to zero? But yeah, very highly unlikely it is going to happen. As long as there is some people buying and selling bitcoin, it will have some value. I don't see any reason for it to go to zero, other than situations like if something very bad happens to the network such as a flaw that makes crypto currencies futile/deprecated. But even in such situations, I am sure people will come up with some sort of solution that will save crypto currencies.
And don't forget, Bitcoin is a global currency. So it doesn't matter what China says about bitcoin. It shouldn't affect the rest of the world.

Which industry? I am not following. What you mean that now people cannot afford it? In order to Bitcoin to have more value, fiat must come into Bitcoin. The more Bitcoin is bought with fiat, the higher the value of Bitcoin will be. And eventually, people will start using more and more Bitcoin and avoiding fiat.

And now that I think of it, maybe you have a point. Even if all fiat would come to Bitcoin, that fiat would still exist in someone's hands and also, if because of that, the states ever needed more fiat for their delusions, they woul print more and more!

And that's why we think it's safe here. China has not completely impacted Bitcoin, but has temporarily impacted the market in the past. China, America most often create drama to create FUD against Bitcoin. But Bitcoin crushes all the negativity every time. Because no one has the power to stop Bitcoin, the more they ban Bitcoin, the more they try to control Bitcoin, the more Bitcoin's popularity will continue to grow. Bitcoin has a lot more to achieve, which we hope to see in the near future. So while no specific country can control Bitcoin, the Bitcoin community is huge and growing.

natural disasters and wars in the future might happen and there are even some rumors that say there will be an internet apocalypse in the next few years, even so bitcoin will not be erased in the minds of millions of people, even though the internet doesn't exist, we can still transact bitcoin with systems such as SMS.

the volatility of the bitcoin price is its nature, no one will be able to change that but for bitcoins to have no value is impossible, people will not let that happen, they will continue to buy and sell bitcoins.

I also agree with that. The forbidden fruit will always be the most wanted. And if they try to criminalize it, then it will be more and more wanted! And the more wanted, probably the higher the price will also be. Higher price makes it suitable for more investment, more development and even more sentiment of a must have asset!

Exchanges hold big volume of bitcoin and have control over the user funds, same time there is big volume being placed on decentralised networks. Even at the very worse scenario it is possible to see good number of people using bitcoin and other crypto currencies. This won't let the price drop down to zero. Until the market have circulation the possibility of bitcoin to drop down to zero is nil. We can assume a situation when a particular government takes control of the entire volume of bitcoins mined. Is that possible? No. For more such reasons it is assured that the price won't reach zero.

Whoever explains the decline in Bitcoin's value secretly aims to buy the most Bitcoin. They do this at regular intervals, every month, every year. Except for new entrants to the Bitcoin market, these news are no longer taken seriously. When any government makes negative news about bitcoin, it expects other states to do the same. Or government, company, institution, individuals etc.

There can no longer be any mention of 0 in Bitcoin value discussions. Those who make such statements about the Bitcoin market should not be taken seriously.

Do you mean bitcoin can still exist without the internet? I will oppose and disagree with this view. Nowadays, people are creating ways to send and receive bitcoins by SMS, but after all, the bitcoin network will disappear, and bitcoin will go to zero without the internet. How can something created on the internet exist if the internet doesn't exist? This is excessive and unnecessary bitcoin exaggeration. Bitcoin will always depend on the internet and electricity, and there will be no way for bitcoin to separate from its dependence on them.

People should at least having that realistic approach on things and its true that being too much optimistic towards it would really be leading into those things which are already that exaggerated which we know that it cant really be that possible but its true that without internet and electricity then there's no way that it would really be able to push transactions without these things or simply it cant really be able to move on or process. About on the talking about going zero in value then everything would really vary or depend on the demand because we know that this is the primary key for it to have high value. It is really just that there are people who dont make use of their common sense on factors which do mainly affects or much needed in overall space.
There's no assurance on Bitcoins future though because we dont actually know on what would happen in the future and everything would really be depending or varying on overall recognition and demand just like i said earlier.

As bitcoin investors, we all don't want bitcoin to go to zero, and we want it to be worth millions of dollars. But we need to be realistic that bitcoin is very young, and it is difficult to confirm anything about it in the future. Moreover, with the tremendous development of technology, creating something superior to bitcoin is not impossible, so don't be too subjective.
And you are right one more thing is that the value and existence of bitcoin will depend on our needs, it is we who decide its future and not any other factor.

Bitcoin is currently positioned as the local currency of various countries. Bitcoin is being transferred from one person to another just as the local currency of different countries is transferred from one person to another. That is, not only investors are selling bitcoins, but when an investor sells bitcoins, it appears that other investors are buying bitcoins, bitcoins are changing hands like paper money. If Bitcoin changes hands from one person to another in this way, the value of Bitcoin will never return to zero. The risk of Bitcoin price going to zero will arise when only people will sell Bitcoins if the rate of selling Bitcoins is higher than buying them, then the price of Bitcoins will gradually decrease.

Bitcoin is a desired currency because of its usefulness, if bitcoin was forbidden by a country then part of its usefulness will go disappear as it will not be able to be used on the open markets anymore, and this will reduce its demand as well.

However depending on the context such a ban took place it may not mitigate the desire to get more bitcoin, for example if such country was going through a difficult economic crisis then people could ignore that ban in order to escape the inflation caused by printing too much fiat or even an increase on the taxes they need to pay, and in that case the demand for bitcoin will remain high despite the ban.

As far as I know China bans crypto related accounts so trying to get Bitcoin out of China.  China is spreading various news to discourage Bitcoin. However, there are some Chinese who still believe and hold Bitcoin. In bear market, people have more fear, so when the price drops, they become more restless.  BTC is the most stable and secure cryptocurrency and Bitcoin growth rate is increasing day by day, so it is impossible for BTC price to go below zero.Prices in the cryptocurrency market may fluctuate, but it is unlikely that it will ever go to zero.  Currently, Bitcoin's position has come a long way.

Everything depends on the internet and electricity nowadays and so does Bitcoin, Internet and electricity has become a part of human existence. Everything is now done on the internet and we need electricity to recharge the devices we use to access the internet. We don't have to be scared of the internet and electricity seizing to exist because we'll find other means to get light and internet as we always do and the use of bitcoin will continue as usual.

The use of radio signals through sms to send Bitcoin hasn't been fully adopted but that doesn't mean it hasn't been done. Without the internet we won't be able to trade Bitcoin as that'll take away the decentralized benefits of Bitcoin as P2P will now be done physically.

Bitcoin elasticity and underlying principles make it unlikely that it will ever reach zero value. The main reason for this is the decentralized nature of the Bitcoin network. Since no central authority governs Bitcoin, its value is not held by anyone. Moreover, Bitcoin as a digital currency is widely accepted by people due to which its value is increasing day by day. Although its price may fluctuate but its fundamental qualities make it impossible to fall to zero.

I believe that the demand would keep up because we are increasing adoption. Ok, it could decelerate a bit but I believe it would be temporary. I think that when something is forbidden and if there is demand, parallel markets simply raise up. You have the example of drugs. It's a huge market that moves billions and it's forbiden and punished hardly in some places, but the demand speaks higher!

Over time, demand for Bitcoin will also increase an even if there are countries banning and forbidding Bitcoin, parallel markets will show up and Bitcoin will still be used!

And as you say, inflation is a powerful problem that can create that strong sentiment in people to keep using something, even if it is forbidden.

Not only bitcoins depend on the internet, but we can't live without them, electricity and the internet are already part of our lives. But what I want to say is that many people are living in illusions and exaggerating the power of bitcoin. They have always believed that bitcoin is immortal and cannot be destroyed or destroyed. Is that necessary? Bitcoin is just a human invention, and value is created by people. There will come a time when there will be something better than it and its replacement.

I've seen for quite some time how bitcoin has made ground in many parts of the world and how it still does... the controversies that this decentralized currency has caused have filled many governments with fear due to the change that it could make to each country and that may be why they are not sure whether or not to accept this asset, but despite the bad reviews and defamation that they, try to make bitcoin this is still the focus of choice for many, and this helps to continue increasing its adoption and value so it, could be said that it is impossible for it to reach zero, but what if it happens? from that I knew about bitcoin never asks me that question... Could bitcoin reach zero? What you say makes sense, but is there such a possibility? And if so, what would happen then?

Adoption is up but it won't go up steadily but will have steady growth in bull market and corrections in bear market. However, corrections for healthy for a sustainable adoption for Bitcoin which is unstoppable.

Demands are increasing when with time, people more realize strengths of Bitcoin like decentralized network, fully control on your capital by private keys, no need to interact with and rely on central banks, no censorship.

They made fud usually and even they set temporary restrictions against Bitcoin, I believe they will lift those restrictions when the world accept Bitcoin more widely. They are parts of the flat world and with a globalization on Earth, they will not stay outside the global trend.

It is possible that the bitcoin price will drop to zero, for now, in my opinion, it is still very unlikely. Then in the future too, if things are still the same as now, or even bitcoin is getting more popular, it is certain that the price of bitcoin will increase, and the possibility of the price going to zero is almost impossible to happen. Because as long as bitcoin investors are still around, bitcoin will definitely have a price. So even though China often makes FUD about bitcoin, it still definitely won't work against bitcoin. Because in my opinion this bitcoin asset has more positive sides than negative sides. Therefore FUD aimed at bitcoin will definitely not have too much of an impact.

Even what I feel and am observing right now, people's trust in bitcoin assets has become more open and not looked down upon. The proof can be seen in terms of the number of existing bitcoin investors, the number is increasing every year. Because you could say that currently investing in bitcoin (crypto) is heading into a bigger trend among the world community. So most likely, bitcoin investment in the future will not be lonely and will not dim. But it will get more popular and the price of bitcoin will definitely go up.

This is supported based on the data shown in this image.

https://www.talkimg.com/images/2023/07/18/ZKLfC.png
Watch More (https://twitter.com/DocumentingBTC/status/1680974776028872705)

the more FUD circulates about bitcoin, it actually makes people more curious and interested in bitcoin, so FUD is not always bad, it has a positive effect too.