Bitcoin Forum

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

It will highly depend on what caused the tremendous crash in the first place, so it would be pretty impossible to say unless we have a reason.

Bitcoin to $1 is pretty unlikely though. I'd imagine even if every single country banned bitcoin, we wouldn't go that low.

When 1BTC =/= 1BTC
The inherent qualities of Bitcoin are what makes it valuable. It was once less than a dollar, cause of the public perception of it or lack of knowledge. If it falls below that again due to public perception, it is still recoverable as long as the inherent qualities are present, as long as 1BTC = 1BTC.
Once there is a chink in the protocol, then we can say it might not be recoverable.

There are so many people waiting at the sideline to buy in it would be nearly impossible to drop that low.

If it would happen there will be probably some major malfunction in Bitcoin itself and probably means it’s over and won’t recover

The first time Bitcoin reached one dollar was sometime in early 2011, if I am not mistaken.
A few important facts from that time:
   Almost no one knew anything about Bitcoin at the time.
   There were not many exchanges back then, so buying bitcoins was much more difficult than today.

In light of this, I find it virtually impossible for Bitcoin to reach that level again unless there is something fundamentally wrong with the cryptocurrency.

It's incredibly hard to say with so small amount of data. It depends greatly on what causes the price drop and whether Bitcoin still has a future after that or not. Also it depends if it's caused by some better alternative (although even then the drop should not be that big).

However, we both know that this is pretty much a worthless speculation, so any idea is just as good (or bad) as the next one.

Since bitcoin is decentralized it can possibly be around forever. It only needs one (or better two) miners and somebody running a full node. We can never know what happens in the next centuries but I could imagine that for some reason there could be a real crypto winter lasting for a very long time. In this time most of the coins will be lost forever which will make the remaining coins more valuable again. So at some point I could see it even recover from 0 USD, since at the point where it is 1 USD or even 0 USD many coins will be forgotten.

Well, you will only hear speculations from us and it's difficult to predict on such incidents.

Bitcoin back at $1? It will not happen in the next 10 years and banning it in US or EU is near impossible right now.

I agree on certain points, yeah it could not be the price but how bitcoin and blockchain is going to be break, like quantum computer perhaps? But then again, we will also stay one step ahead of the game, for sure if there is a treat about QC, bitcoin will have to re-adjust it's cryptography.

Banning will not do it, stopping mining as well. It could be the basic foundation, but then again as a I have said, we might not see the price going to $1 because the we will make SHA256 immutable to QC attacks.

Not that I think it will happen, maybe on one illiquid exchange or two, but if it did then probably not, at least not for many decades. Imagine an asset going from $1 trillion to $19 million evaluation. Such an enormous decline (99.99%) would likely leave many to believe Bitcoin has failed and never recover. It would just end up being traded like a shitcoin; heavily shorted and trading dead cat bounces.

I think it will definitely recover and there will also be a higher price jump, imagine? In the past, people who didn't know much about bitcoin, the price of bitcoin could be high, especially now that many people know bitcoin. so my prediction is definitely the price of bitcoin will soar. but my estimate would not be possible for the price of bitcoin to fall that deep to reach 1 dollar. because if the price of bitcoin fell to 1 dollar there would be a lot of people who bought it, including myself too, would buy it. and the conclusion is that bitcoin is difficult to drop, because even if it falls, it will rise even higher.

It has to fall the ladder of people's trust to be irrecoverable. This would happen not with any price fall but when the very basic concept or technology of bitcoin can be challenged by anyone or when it is no longer secure enough to make any transactions, this is when people will perceive bitcoin as irrecoverable and that day even if it's price is 1000$ I'll still sell all my holdings and will consider this as dead end for bitcoin other than that I am hodling even if it goes a 100$.

Long story short, let's look at a chart

• Will Bitcoin fall to zero? Be woke with changes of No. of BTC with $ 1 million  (https://bitcointalk.org/index.php?topic=5288360.0)
• These charts were plotted months ago but a general picture is the same so I don't think I must plot a new chart just to send you my message.
• In addition, read and watch The purchasing power of US. dollar (https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/). US dollar loses its purchasing power, a lot.
• Lastly, read the article The bullish case for Bitcoin (https://medium.com/@vijayb_24615/the-bullish-case-for-bitcoin-6ecc8bdecc1)
• Then spend few minutes to deeply think of it

I'll compare this with most traditional markets that no matter what happens and how low it would go, it will always have that time to recover. I wouldn't compare it though with many alts since we know that market is truly overcrowded and many alts don't recover.

A nuclear destruction?

I don't know what has to happen for bitcoin to lose that capacity of recovering. But to think of it, it has pretty stability today and no matter how low it can go, many will be quick in buying it so that goes the reversal.

Well your conclusion was very far --why?
Because the bitcoin system works decentralized and no one even changes its protocol, if ever it will be changed --that is not bitcoin anymore.
About the price prediction, no one can predict it and there are no people who predicted it --unless if, you have a special power to come in the future. But remember this --bitcoin has proved itself that there will be always an all-time high ^[ATH] without a specific time when it will happen, but will surprise that at the end of the day we have a bull market trend and everyone's yelling on it while you are regretting because you sell your bitcoin at a low price. ^{[poor mindset]}

Bitcoin will need to suffer catastrophic event for Bitcoin to reach that level and no one here can predict how and when. Obviously if Bitcoin can go that low, it means no one will gonna trust it again since the current price is very far from that and all people already established trust to Bitcoin. It’s very hard to break it unless something happened like what I described.

I am never fooled that despite the decentralized power that Bitcoin possesses, those on the other side have undeniably great power and the ability to make Bitcoin illegal and hard to reach for the average person through laws and regulation. Maybe at this moment Bitcoin is not a danger for them, but what China has done regarding Bitcoin is not something that is impossible to expect anywhere else in the world, even in the so-called largest democracies of the world such as the US or the EU.

I wouldn't go as low as $1 at all, because if the price of 1 BTC ever fell below $1000, it would shake the market to the point that it would be very difficult to regain the trust that Bitcoin has at this point. Bitcoin was conceived as a decentralized currency, and any prohibition to use it in such a way harms it - and apart from some countries that legally prohibit Bitcoin, there are those that have prohibited the use of the same for payment (Turkey and Thailand), which opens up space for some other countries to do the same.

Regarding bitcoin price falling to lower levels and 1 dollar that's too impossible but the chance is quite low because whenever the price falls down there are some bitcoiners and investors who will buy bitcoin even if they know the price will fall lower so the chance is quite low, but even if that happens and even if the bitcoin stop getting traded for some time the price can recover but this will take more time for the bitcoin to recover the price because we had faced with all these situations but still we could see bitcoin ath above 60K in a few years. So according to the history, I can see this can recover the price but it will take some more time.

Impossible but I don't know in the future although I don't think it's possible because I think bitcoin will continue to be popular and much better.
unless Satoshi shows up and dumps his entire deposit (about 1 million) BTC on the market, in which case BTC will not reach $1 and quickly rebound, but panic will set in.
or some catastrophic event such as a world war or a major environmental disaster in which access to the internet is drastically disrupted.
These are of course all very unlikely scenarios but the only scenario I can foresee to cause a dramatic crash of not only bitcoin but all currencies in general as a survival in all respects.

For it to reach $1, it's likely the case that no one wanted to buy bitcoin even at higher prices in the first place because of a significant reason (a security problem or something super not good and is pretty much unfixable). Bitcoin dropping to $1 isn't going to make the people forget about that certain problem and suddenly look at bitcoin as an attractive buy.

The only way the Bitcoin price will ever reach $1 is if someone found some catastrophic bug in the Bitcoin's code that would enable double spending or something like that. However, I think that a bug like that would already be found.

I think that even Satoshi showing up and dumping all his coins could cause the price to fall that hard. But if it would fall to $1, I think it would be the end of Bitcoin.

Realistically it would be unlikely for us to see Bitcoin going down to that amount again. It will eventually stay for a very long time despite the uncertainty and volatility swings from here and there.

I am pretty sure that there is a strong support wall already for those who are praying to buy Bitcoin that low.

It would create a flock of buyers even if the price will not go down that low because investors are just waiting for right now to buy low and they patiently do not rush to buy right now because the uncertainty of the price getting higher is pretty low. now if the price will go even that lower, I think the price will gonna rise not long after that scene because everyone has the same vision to think bitcoins will gonna recover after some years to come. So in conclusion it might be possible but it will gonna recover anyway.

If the reason of the failure is a major flaw in the Bitcoin code that gets exploited (which is highly unlikely) than Bitcoin could probably be seen as a failure, but even then the network might decide to fork the network. However the trust in the cryptocurrency would be highly affected at least in the short-medium term.

On the other hand if the network works flawlessly as intended and the price gets to that absurd $1 mark due to a hypothetical worldwide ban on Bitcoin which is again practically impossible. But it is interpretable if that could be considered a failure. Even in that case I don't see it dropping to such a low level.

Point of correction, bitcoin cannot fall to an extent of not being recoverable, what we often refers to as fall i s actually the volatility being experienced in bitcoin which determines the rise and fall in price base on demand and supply principles,


Are you saying drop in price will destroy the reputation in bitcoin value? Well either of the ways, what you need to understand about bitcoin price is that it cannot be fix and that's how it operates right from onset, base on the above illustrations from members, you could deduce how the price has been rising and falling from previous years, which take nothing away about the reputations in bitcoin, all you needed is to know when to set in.

I can't really say but I don't think Bitcoin will come down to that level again, incase if we see bitcoin at $1 then I think depending on the cause of the dump, but I believe no matter how bitcoin dump I believe it's will definitely bounce back, but I believe bitcoin won't really dump to that level and incase if we see bitcoin at $1, I think that's another buying opportunity because bitcoin will bounce back but it might take time.

Is there any basis for saying Bitcoin to $1? if it's just supposing then it can't be justified at all. I'm sure what you're talking about is bullshit. Not impossible, but there must be a cause and effect. It doesn't necessarily fall without things causing Bitcoin to experience a total fall.

Bitcoin is the most trusted coin and if its price drop to 1 dollar, I guess others will still see the situation as an opportunity to buy because as we could look at its history, it already reached $1 before and still managed to strike high. We all know that Bitcoin as the father of all cryptocurrencies has a big potential and will always be trusted by many investors.

I think that Bitcoin is unlikely to ever go below $10k again, it would be extremely unlikely if it gets anywhere near $1k, and $1 just sounds like a fantasy. The only explanation I see for something as major to happen is an event of global importance with huge implications. Such an event could be World War 3, which honestly doesn't seem as unlikely as it used to, and if we do get to those battles were millions are dying (or bombings with similar impact), I guess it's likely that Bitcoin won't be important because basic survival will matter much more. But even WW3 might not lead to such a low price. If it's quantum computing progress that makes seed phrases useless, then of course it can go to zero, even, and never recover, but I don't think it's a likely event either. Overall, like mk4 said, it depends on the cause of the drop.

Since you don’t believe that Bitcoin can crumble due to price so what’s the essence? Firstly Bitcoin has always followed the volatile system of crypto-currency, and as far as I know the volatility of the crypto-currency won’t be ending but personally I don’t think we would see Bitcoin going lower than $10,000 in a very long time, and even if this happens Bitcoin has created so much confidence on its enthusiast like me and I would still take bitcoin as a payment for my services.

Bitcoin going to 1$ would be a very bad signal, meaning it would be finished. But I guess bitcoin reaching to some thousands of dollars price range, like it did on the previous crash in 2018, is recoverable once the market's tendency changes upside. In fact, many predicted a deeper correction after the recent ATH last year, that thankfully didn't happen.

So I think we are in total advantage with bitcoin, much above the expectations, despite we are indeed in a bearish market we don't know exactly for how long it's going to last yet.

Honestly, a real investor won't think that way. Real investors don't talk and focus on the downside of the market but rather find a way to make high and positive.

What if it fell to $1? Well, in the first place it was impossible. But assuming it does, then it means that people are leaving crypto already and I can imagine that altcoins are already dead. How could you imagine that way? That is really far from happening and I endure not because the market is even growing and already gaining adoption that could help to maintain its level of demand and supply.

I see no reason that the foundation of what Bitcoin has already built would collapse. As long as people are mining it, there is still the support it gets and the development of the system will continue to work.

It is undeniable that some give up but the strong remain. I see the future that we are heading to with the technology developed with Bitcoin.

^ That is impossible to happen, BTC will never fall that far.
As you can see, BTC and the entire market were now slowly recovering and probably my prediction was right, by the month of August if the price will not break the previous bottom price, there will be a bull market trend. But I am not worried about this prediction too much, because I know that BTC will not fall down too much. BTC has already a strong foundation and mass adoption and it has worldwide awareness. Now, tell me, would you think it will become $1 soon? I don't think so.

As long as the community demand is there, bitcoin may fall deeply but it has its own way to recover after. And besides, I would not expect for bitcoin to dump almost into zero value, that is very unlikely to happen even 5-10 years from now. Although there are crashes that leave huge impact on the market particularly for bitcoin, but in my long term experience here, bitcoin price always moves up after in every fall. Bitcoin comes up surging and reaches new all time high, and that is what I believe too right after this bearish market.

no one denies that 1 bitcoin = 1 bitcoin, the problem is always that for people to have that 1 bitcoin they need to take the fiat and buy 1 bitcoin, so someone who takes $20,000 and buys 1 bitcoin and days later looks at 1 bitcoin it is already at $40,000 that person will jump with happiness and when that person wakes up the other day and looks at the price of bitcoin and realizes that the price of bitcoin is at $10,000 this person will panic, as a result everyone is looking at it the price of bitcoin in fiat and they are worried about the price rise and fall, they are not worried about using it as a payment method and we cannot accuse them for thinking that way, I myself am worried about the price of bitcoin although I use bitcoin as a method of payment

their is no amount Bitcoin can fall between that is not recoverable. Bitcoin have it way of rising, and the system is what people do not understand it way of rising and falling, that is the reason why the document that is holding bitcoin is not being released to anyone. Bitcoin fall to zero dollars does or will not make Bitcoin to die out the world , no. People like bitcoin because it's a digital currency

I guess when BTC falls into a price where it will become obsolete, then no one would ever use it. Though I highly doubt that this will happen, but as long as its nature continues to become decentralized, then we will see its use indefinitely. In addition, as long as governments of countries do not prohibit its utilization and usage, then its price would then increase and increase due to its inflationary nature.

Though I really think that such situation will happen given the fact that BTC has been around for 10+ years now and its trend in its price is to continue to rise up. Though crashes may occur, its price still remains dominant compared to other cryptocurrencies in the market.

It needs a life-changing situation why bitcoin will go down to almost worthless.
But for right now, the $1 value is not in horizon, very very far from the possibility of happening.
But in this market, you need to open yourself to all possibilities as this is very unpredictable market.
Right now, we are still hopeful as many people are interested in this market.

Yeah you’ve got it right. I’m not really sure I ever see it hitting a dollar but if it does then there would have to be some pretty dramatic stuff then happened to have made it get to that point.  I also agree even if every country banned it a dollar wouldn’t be very realistic. (Still have OTC)

Bitcoins now have reached a stage where it’s impossible to fall to a such a low price.
If it also falls to a low price then instantly it will recover.
If anyhow Bitcoins falls to 1$, then also people will use it to make profit, therefore forcing it to get recovered.
So I would suggest OP, remove these ill thoughts from your mind, and think of buying Bitcoins as much as you can. Soon the price will rise.

The beauty of bitcoin is that even if it falls to 0 it can still recover from that majestic dump.
By recover I am not saying that it will come to the ATH instantly but will gradually grow over time.
This is because of the decentralized nature of bitcoin. Anybody can buy it at any time and this makes it valuable.
Assuming it went to zero I would definitely buy hundreds or thousands of it just for the sake of how valuable it was once.
May be if I am lucky then it can turn out to be fruitful investment over the decade.
When a coin like LUNA can collapse to zero and still come back newly introduced at a current price of $1.7 then we can imagine how valuable bitcoin can be even if dumps to zero.

It would. Probably even easier because the lower it goes the more bitcoin you can get and there lots of people who are willing to buy from any price they can get. Recovering from $20k is way harder imo. If it drops to $1 some fiat whale would buy every coin there is and then suddenly it would hit thousands again.

I'm not so sure that at least a small part of people around the world will not default to Gold AND Bitcoin if any major catastrophic event like a full-on world war would emerge. After all it is highly improbable that all the nodes would be stopped at the same time so the network will still continue to "live". Even in that case I don't think it will drop to such a low price.

I was suprise when I saw the post but I also know bitcoin won't drop to that level, even if their will be more dump I don't think anything can happen happen that will make bitcoin dump to that level, I believe the OP just wrote the post just to hear people's opinions but am sure he knows that bitcoin can dump to $1. And am sure no matter how bitcoin dump I believe gradually its going to recover, but it might take time.

Bitcoin going to one dollar would not be possible, why? Because, I know enough people who would buy bitcoin, all of it, before it reaches there and that's just my network. Think about the whole world, there are billionaires in the world who are buying it and accumulating more.

So technically speaking, if the price of bitcoin is at one dollar then there must be something super horrible going on. Like some quantum PC managed to hack into all accounts and withdrew their money from their wallets without needing much time, just a few minutes to hack into any address. If that's the case, or something major like that, then yeah the price would be one dollar.

But, even if all of the governments in the world banned it, it would still be more than one dollar, so it needs to be a technical reason.

I think if it dropped to such a price it's possible that an inherent flaw might have been uncovered that caused it's price to drop that far. It will stay above that sort of value for decades or possibly centuries, if not for the fact that a multi billionaire would easily step in and buy it up at even higher prices, just to have bragging rights as it would not effect their longer term wealth to drop such amounts on it.

If the price drops that low then we could definitely say that there's something wrong to it and here comes the panic where people would be finding for another  coin which is currently top on the market on that time where there's really a tremendous shift in terms of trust when it comes to that but just like on what others been saying above that it is unlikely to happen on going that low no matter how
bad the market situation would be for bitcoin but we do know about that probabilities and possibilities which could definitely happen into this space.We cant just make out some conclusions that it could
really last forever on sitting on the top but we do have the feeling that it would really be staying on the top spot considering that this is the king or father of all crypto.

If it does drop on $1 then i would really be spending some cash on buying into those lose price but only on the amount which i can afford to lose.

There are certain conditions to meet in order for the Bitcoin price to be unrecoverable.  If that happens the low would be 0 price or wothless.


Well, definitely price would move according to the condition of the whole Bitcoin ecosystem.  So if ever Bitcoin is to become worthless, its foundation, community, and development should be wiped out first.

Is there arises a situation in which we'll be having zero usage of bitcoin. Such thing won't happen, because already a country have made it legal tender. Another thing, there were more service provided only with cryptocurrency acceptance. For example more number of gambling sites were available which accepts only cryptocurrencies. So, at any situation the usage won't fall to zero which means there is nothing to worry of bitcoin dropping down to $1.

Once bitcoin will no longer be significant, for whatsoever heavy reasons, I guess it’s price too will eventually show decline. But witnessing bitcoin’s existence more than a decade, what is certain to me is that even how huge the impact of the FUDs or news that hit bitcoin, it always stands firms and recover in every price downfall. Although no one holds the future of bitcoin, but I am quite confident that its value will continue to grow along with time.

This just seems next to impossible as far as happening.  This would have best been asked over a decade ago when this indeed happened and I guess we can see the answer then was yes and bitcoin continues today, stronger than ever.

It depends on actual usage, demand and supply of btc at that time but you see that scenario is impossible at this time because it has to loose almost everything and nobody use it to fall to these levels like of $1 so no fun of discussing about it.

In in initial years also it didn't fell to $1 so now it's impossible and prices will rise on the opposite.

It would be very impossible if the price of Bitcoin would decrease to 1$, even though its reach in the next ten years, I think this will be very unlikely to happen, because the quality contained in Bitcoin is what makes Bitcoin itself so valuable.

Bitcoin is very decentralized, and this is why it will always survive and will not make it disappear and will remain as long as Cryptocurrencies exist.

With some understanding above, I believe that Bitcoin will recover and soar to a higher price, sooner or later according to knowledge and research in the Crypto market I think this will happen.

Do you know Op, what is the production cost of 1 bitcoin? It is between 10k to 12k Why does any miner sell at $1 after spending $10k to $12k? Would you sell gold at $1 after spending $10k to $12k in production?

As long as people trust bitcoin, it'll keep on recovering

Why would you think that Bitcoin will fall to that or such an amount of irrecoverability? Bitcoin or the general crypto market has seen bear markets before, 2017 I believe was one of the steepest dips from almost $20k down to $3k+ and yet Bitcoin recovered back to ATH of $69k+ and this will not be a different time additionally, $1 Bitcoin price is out of it.

Saying that bitcoin will fall to $1 per bitcoin is very unrealistic because this is not the first time bitcoin has depreciated this low but didn't hit $1.

Secondly if the Foundation is not strong it would have collapse long ago

In my opinion bitcoins will always be recoverable, there is no price that is too low from which bitcoins couldn't come back. Let's say bitcoins drops down to $1 which is already very unrealistic, then the market would be flooded with buyers. Who wouldn't buy 1,000 BTC for 1,000 USD? At such a level I would even take out a loan just to buy more coins. It's seems so unrealistic because who would sell his coins for $1? At such a low level it looks like a bad idea to sell. If you bought your coins at 10,000 USD you would never sell them so cheaply, rather hold them until prices recover. Same goes for the buyers, would you really wait until such low prices before buying? I think if the bitcoin price drops close to 1,000 USD there would already be a lot of new buyers pushing the price back up.

Actually, we only have limited data to even predict for bitcoin to even fall down that low. As we can how market and investors are reacting especially when the price is too low, people tend to invest more as it is considered as a chance to accumulate more and invest on it.

Just as what others said, it's almost impossible for bitcoin to even reach that low but it case it does, then it means a major problem could have arise and bitcoin cannot be salvage or recover.

That is literally what happened with the last one. I mean think about it, when pandemic happened that was a global thing and not bound to just one nation. What happened in return? We ended up with something that is marginally obvious to everyone and crypto got higher. Because, people ended up going into crypto instead of keeping their money in fiat. Fiat was getting printed like crazy and nobody really assumed that would be a good thing.

I am not saying that it’s the right choice or anything, it’s all relative. I personally prefer to do it for long term, and not just a quick run away from fiat thing, but it was still a better thing for sure.

If Bitcoin downtrend to 1 dollar I believe it will recover ^{which I believe will never happen now that's getting the attention of the institution} because the price is not the reason why Bitcoin survive even when the government planned to stop it. Bitcoin survives and gets the support of people because of its truly decentralization, consensus, and no censorship.
The time these things are removed ^{with the inclusion of block halving} is the season Bitcoin will never recover crash

You see blockchain market is moving from proof of work to proof of stake concept(which suit the capitalists) Bitcoin has several advantages over other blockchains, It is the strongest and most trusted crypto. The chances of its fall to zero is a remote possibility with almost negligible probability. Even than 1 bitcoin= 1 bitcoin and whenever bitcoin as its inherently a blockchain, with value ascribed by marketd. When it will recover it will gain its value. So keep hodling

The honest answer is...it depends. It would have to be something that would shake the fundamentals of what BTC is. It could be tech and it could be conceptual, but if something really bad would happen that would betray the confidence of investors, than yeah, bigger things have fallen through the years.

How do you determine price? Is it the price over a period of time, like a day, hourly, weekly? Is it the price over all exchanges, some of them, one of them?
A price can fall on one exchange more than others, a price can fall sharply because there's no liquidity but recover over the next 24 hours. Many things can happen.

If it fell to $1 for some reason and remained there for a few weeks I doubt that it would recover. This would mean some serious trouble for the network itself because this price would mean that even people who bought 10 years ago are now out. If something can flush 10+ years holders it's probably the end of the world, another world war, or something.

From from what i notice bitcoin can be recovered when the price is up and then when the price is a little bit higher than the way it is right now because many people is waiting for the price to go up before they will buy anything they feel like to buy what is happening in cryptocurrency Kingdom because of the price so if the price they recover if you have nothing to do with the dollar rate because bitcoin is cell with a dollar rate

If bitcoin crashed and fell to $1, I would find it highly unlikely that it would ever recover. I think most investors are comfortable with a certain level of volatility but there are limits. If bitcoin dropped to those levels, I suspect most institutional, government and retail investors would jump ship.

The reality is bitcoin is a currency and if it’s not valued at a certain price I think most people would abandon it for a different technology.

it is not the price that matters about that dumping instead why it happens , because we have seen many ways of bitcoin fall but everything ends with recovery as the support returns each time.
but if you find this to change in what you are asking then we may tell what will be the future, either if this can return to increase or will never be there again.

Bitcoin going to $1 is inconceivable to me, I just think there would be way too much
buy orders way before it got to $5000. Of course we cannot ignore human emotions
and power of FUD, Bitcoin going below $15k will have a certain number of people panicking,
passing below $10k might have people holding out for lower prices and the same for $5k but
at $1000 who wouldnt buy?

I'm trying to figure what alternative is there to Bitcoin?


What are the things or events which would being Bitcoin to $1?

End of the internet?

You can observe from the ups and downs of the market that Bitcoin will recover.

If the price drops even further, I believe it will quickly rebound since the majority of people believe bitcoin will increase in value again. Investors are just waiting for the best opportunity; the benefit is that the longer they wait till the price of bitcoin rises, the more affordable it will be when it drops.

With the current mass adoption of Bitcoin, I doubt if the price will ever go back to one dollar ever again, because the worst the price of one BTC to ever reach can be $10k, but as for $1, I strongly don't think it's possible, because if the price of Bitcoin drastically falls to such amount, that will probably be the end of cryptocurrency, but I strongly believe it can never. Because as a result of the mass adoption of its limited supply, it will trigger an increase in price as a result of its scarce quantity

If this question had been asked 10 years ago, it would have been possible, but now it's practically impossible. The theory that bitcoin drops to 1k is also impossible, let alone 1 USD, the worst case scenario is that all countries that ban bitcoin will not be able to drop that price.

Bitcoin drops to 1$ like OP is alluding to the death of bitcoin and OP needs to know that bitcoin has died a few hundred times already.

But unfortunately, many investors are just seen waiting without trying to analyze bitcoin movements so they can know when to buy bitcoins again. If they manage to buy bitcoin at the lowest price, they will have to wait until the bitcoin price goes up, which not everyone can do. Perhaps the price will recover in a while but not necessarily the price can recover to the previous high because what we see at the moment, the bitcoin price is still at the level of $23k.

It seems that it is indeed difficult to see the price of bitcoin fall to $1 let alone die, because so far bitcoin has had a fairly strong foundation in its development, the ups and downs of bitcoin prices in my opinion are commonplace because so far the price of bitcoin is influenced by supply and demand activities that is on the market, the current widespread adoption of bitcoin certainly means that bitcoin still has a lot of fans and I think that is clearly the foundation that makes bitcoin continue to exist and develop over time.

The fact that you can imagine it doesn't make it possible as there are many others that don't believe $1 = 1BTC is feasible. Nope, not in this world except you've got to ho back in time for which, I doubt it's even possible as there would be fragments that would disrupt reality.

Bitcoin have come to show crypto enthusiast and the rest of the world what we suffer from centralised systems with itself paving a way to liberate the people financially from the grasps of the government by making you, your own bank. It's amazing right?

Imagine a coin that does no publicity campaign, hosts no workshops, no AMA and still finds a way to be the other of the day and pave way for other cryptocurrencies. Its really up to the people and even if governments of the world should ban bitcoin over and over again, there are those that would still stick to it. Of course that's unlikely as we've got nations adopting it for a meansof payment. It's never zeroing out.

Looking at the past years of Bitcoin we can see Bitcoin but market dumping after two years or one year.We have seen Bitcoin quite a while ago but it has come down from a lot of hype Now currently Bitcoin is standing at $23,000.However, if Bitcoin falls below one dollar, there are many options for recovery.Bitcoin will still recover if Bitcoin falls below one dollar.If Bitcoin is destroyed, all markets will be destroyed but it will exist.

Don't know why we discuss these baseless things like these. Bitcoin can never reach one dollar and if it reached one dollar, it would mean that it going to zero and dead.

Yes, bitcoin may dump to 5000$ to 10000$ and still reach to its all time high again. Although i think that bitcoin may never reach these low values.

We're already aware that Bitcoin's previous value based on the history was lower than $1 and it emerged and developed until it reached it's current value so I wonder why people are still doubting and fearing until now. Bitcoin has a huge foundation and even though it dumps, it could still recover and stand firm again.

This can be called "hypothetical reflections" on the fate of bitcoin. Theoretically, bitcoin, however, can reach the level of $1. And as you said, it will mean only one thing - death for cryptocurrency. But I'm not sure that this is feasible, since the belief in bitcoin is very strong and there are also a lot of bitcoin-followers. The line when bitcoin could die has long been passed and there is no way back.

Bitcoin price fluctuations will always be. Moreover, in percentage terms, quite significant, but still not sufficient to fall to $1.

How did you imagine Bitcoin would fall to $1? I can't imagine at all. It's already been spread all over the world and built a huge community. Many institutional investors have already taken entry here. So it won't dump in such a low price. You can see the current rate, Bitcoin has started to recover. So don't be unrealistic mate.

Even in his assumption, bitcoin will recover. For bitcoin to get to $1, it means it's dead already. Let's assume that nothing happened to bitcoin protocol, there's no hardworking or compromise of the network. It's just price dump to $1. What will happen is that people will start buying again, hoping to be billionaires when it goes back to its ATH. Traders will enter to look for daily profits, buy this it will start rising again and again. This literally shows that bitcoin cannot die based on price dump only.

Bitcoin reaching $1 won't happen for sure, atleast to keep the network the miners need to function. The production expense have got its limits, falling down to that will cause loss to the miners. This will stop the mining process and the generated coins will be circulated and experience high demand. Even at that situation $1 is not possible as the demand will be high. Everything is just an assumption, even in that situation there is no way for $1

Dropping to $1 does signifies that there's something wrong or even going back to 100 bucks then it is really showing something that bitcoin does have a big problem.Speaking about recovery? We cant really tell but the doubts and confidence of people who do support bitcoin from the start will really be having those doubts on this particular time.If it would fell into that then for sure there are other coins which had able to overtake bitcoin and this is where people would transfer out but we know that this is something impossible to happen on the origin of crypto where it  would be falling into that value.
Well, we cant really tell on what the future looks like and there's always the possibilities or probabilities.

It seems very impossible that Bitcoin will crash to $1 only. ANd if this really happens, there must be a very big extreme problem that influences this. And I cannot think that how about altcoins if Bitcoin itself is only $1.
If the price falls down to $1 only, I think that the trust of the investors and all people in the crypto world has been lost. People will not trust anymore Bitcoin, this wll not also have a high market cap, and the coin may be dead soon.

Remember that cryptocurrency is a digital currency the base of its digital currency it is a source of decentralized so we have different digital currencies that has operated the before now why cryptocurrency is is another or new dimension of currency which nobody lose it volume and they have a trade-in values so I believe but since such thing happen all concerned cryptocurrency devalue that come into the price is rotational and it's not something that will depend on so they are for I believe that cryptocurrency can fall but it cannot fall to the extent that it will get to $1 so cryptocurrency still help especially Bitcoin and before it will crash to this level it may stay or mighty stay above 30 years

as said by @Smack That Ace Bitcoin is dead! (https://bitcointalk.org/index.php?topic=5402998.0) it is very unlikely that bitcoin will go dump to the price of $ 1 because in every bitcoin price decrease there will be many investors who buy again and hold it until the price reaches ATH. as every bitcoin price goes down some big investors are stalking it and immediately get the chance to buy bitcoins cheaply.
no matter what happens, bitcoin will never drop in price to $1, it's impossible

You know, how many years have passed since its birth and it has achieved its current success? It has always been plagued by many scandals and bad problems that are either fabricated or fabricated. Like a lot of people here, I've also heard about some pretty nebulous problems with the theories they've created, such as quantum computers destroying them, the economy becoming increasingly speculative, etc.. However, it has never been convincing enough to harm BTC when we need to look at the truth that it brings benefits to this life, so there is no need to think negatively about the problem we originally didn't happen.

@noormcs5 The reason why we will always discuss this every time it bear market is because some people still dont have real enthusast for the Bitcoin technolgy, they never trusted Bitcoin potential while some still never understand the concept of the 4year cycle and they are only into it for profit making due to testimony of some crypto millionaire.
@Cling18, You're right and this is why I wonder why some people still see the bear the end of the market or as an enemy.

For your words, even if Bitcoin drops by one dollar, it is possible to recover.Don't ever worry that Bitcoin will go down that low again.Bitcoin may have been dumping a lot since its highs but you should remember that Bitcoin will pump its highs this year.But it may not be far, you may see it soon.

It is somewhat difficult for bitcoin to fall to 1 dollar, but everything is possible in life, I do not think that the great whales are going to stop winning, normally people who are very negative and are enemies of bitcoin always bet on bitcoin things go wrong for them, I don't think they will reach that conclusion of reaching 1 dollar, it can go down a lot, I think the maximum that a bitcoin can go down is to $2k, from there I don't think so, there is a lot of money in bitcoin and no one likes to stop making money.

Oxymoron. Life allowance is more important.

Time to put a giggle on. Bail out the banks. Roll out the churches. Satanical verses.

Hallelujah. Listening to the rhythms.

I just send one dollar the opposite way on Tron:

"Swap completed
1USDT0.00004368BTC".

Tomorrows matter. Syntax could be more elegant. (legal aliens..?)

I also said the same in my previous post that if bitcoin falls even to $1, it will recover as long as people have trust in it, it is  not going to zero/die.

Ethereum will be at $0.0001  :D - Man, nothing like this is going to happen. People's nature is when bitcoin goes up, everyone thinks it will go up more. And when bitcoin price drops they think it's going to zero

The value of bitcoin have reached this high from a valueless token. So, it won't be a surprise even if it fall down to one dollar. Same time we need to think in a wiser way. On what note the value of Bitcoin will fall down to a dollar. For now we haven't got any reason for this. So, this isn't going to happen.

Let's assume, at some point for some reason the price dropped down. Will this bounce back, surely there'll be bounce back. Because, same as people having negative thoughts about growth there are people who are bullish about bitcoin will invest as much to profit in the long term.

Something bad must really happen for Bitcoin to go all the way down to $1 per coin. The limited supply, and the reduced block reward tells us this is very unlikely to happen anytime soon. If it does happen, the price will soar quickly as whales try to accumulate as much cheap Bitcoin as possible. The only way Bitcoin would die with no point of recovery is if all nodes and miners go completely offline. Quantum computers can also destroy Bitcoin if the cryptocurrency doesn't become Quantum-resistant before then.

The cryptocurrency's been a widespread success since day one, so I'm pretty sure the community will maintain it for generations. As long as decentralization is prioritized, there should be nothing to fear. Just my opinion :)

Until investors completely leave the support and forget about the coin , so then you'll see bitcoin dying .

but for me? this is not going to happen lol.

you answered the question completely , and it is not the price that will dictate the dying but the support itself .

As an expert investor myself, I will say that Bitcoin has come to stay and it has a solid foundation that would not be reset to $1 anymore no matter the circumstance of its crash. Regardless of this, assuming it reaches a bottom of $1 per BTC as you indicated, the investors' confidence would nearly be zero and it would be unlikely for it to grow back. If the reason for its crashing is temporary in such a way that the currency could later be vindicated, then it might rise steadily after the vindication is well established to grow back investors' confidence. But if what crashed it is genuine and effective to the point that investors do not want to deal with it again, it might not grow back to a reasonable price in several decades.

First of all it is highly doubtful that Bitcoins value can drop so low and reach the price of $1. But even if this happen, then nothing bad is going to happen. We have already been in situation when Bitcoin cost $1. Somehow people believed in it, and its price managed to rise to $68k. It this happened once, then this can be repeated. In addition, I cant imagine reason or situation when there will such a huge price drop. If Bitcoin price fells to $1, then it means stop of mining, stop of Bitcoin life. But Bitcoin is an unstoppable mechanism.

op I'm sure you have watched btc price movement since you made this topic, and now the btc price is in the $29000 range which of course btc has woken up from its slumber and wants to go to the bull market.

if bitcoin drops to $ 1 it seems that altcoins will have the potential to drop even more in price.

I hope that the price of btc continues to rise.

Since I got to know about Bitcoin, I know very well that the market has fallen to a very low price and still kept going. I remember years back when it fell from $10k to around $3000 and even below that (if I can remember correctly, I think it went all the way down to $1k). When things like this happens, the media always come out with their news that it is over with Bitcoin, but we still recover from that. Now I don't think there's any possibility of the market going anywhere near as low as that, since the market has gotten bigger, and so is the demand.

If Bitcoin drops to $1 from $30,000, it is still x36 better than what LUNC dropped in its death spiral in May 2022. However I believe we can use the Terra Classic death spiral and its drop to think of possible reasons that can cause Bitcoin loses its value and drops to $1.

It might happen if something really bad happens on Bitcoin network. If it happens, it is impossible for Bitcoin to recover and reclaim $30,000 again. Fortunately, risk to see 51% attacks is not high so scenario to see it falls to $1 is unrealistic.

https://jlopp.github.io/bitcoin-confirmation-risk-calculator/

If the price of BTC/USD drops to $0.01, someone could potentially buy all available Bitcoin supply for  $210,000 by placing a limit buy order with amount 21,000,000 and price $0.01. The next trade in the BTC/USD would then show a price of +infinity.

If that happened then bitcoin would be nothing more than shitcoin and would be called a scam, so I don't see it being any better than Lunc or any other shitcoin. And if that really happens then that is the end of the revolution, there will be no second chance for bitcoin. But like many others, I don't understand why bitcoin could drop below $1k, let alone $1, it just happens to be in the minds of bitcoin haters. The value of bitcoin depends on our needs, as long as we still have a high demand for it, there is no reason for it to crash.

The first time when the price of Bitcoin was BTC1=$0.01 Bitcoin was equal to the dollar in 2010 and in April 2011 the price of Bitcoin was BTC1=$1. Right now those who have researched Bitcoin and its future and past have gained a lot of knowledge about it. When Bitcoin was worth one dollar, everyone thought that its value would never go up, but its value has changed every year. And since the price of Bitcoin started from one dollar, it reached the highest level of $69k. By seeing this particular change in Bitcoin, we can say for sure that the price of Bitcoin will never go down to $1. Since the price of Bitcoin has changed every year since that point, it is never possible to go back there, rather we assume that the value of Bitcoin will continue to increase.

1 bitcoin is always 1 bitcoin. You can use 1 bitcoin to exchange with others if people accept it.

Two articles with insights about purchasing power of Bitcoin and the US. dollar together with the Controlled supply and Inflation vs Time of Bitcoin (https://www.bitcoinblockhalf.com/) are very helpful to gain more belief in Bitcoin and tighten our investment portfolio mainly in Bitcoin.

Bitcoin purchasing power preserver (https://bitcoinmagazine.com/markets/bitcoin-purchasing-power-preserver)
Purchasing power of the US. dollar over time (https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/)

I think bitcoin will never be worth less than $2,500.

The fact is that first of all it can be seen based on the technical analysis of the Bitcoin to Dollar pair. There is a rising sloping support level that has never been broken through. And it makes up a corridor from 2500 to 4000.

And secondly, bitcoin has prices at which speculators will never refuse to buy it. And we will never see its price of either $1 or $100. Therefore, I placed pending orders on the values described above, and if the price ever drops sharply, then my orders will redeem bitcoin on these delicious values. Therefore, to some extent I even want the fall to happen.

It's already too late for Bitcoin to go back down to 1$, it's impossible that this will happen now that many people have come to understand that the world can survive with decentralization and maybe even centralized rulers can leave Bitcoin be and accepted as real digital gold.

Even if Bitcoin goes down to 5,000$ there must be a reason, maybe Gensler find a way to make it happen? Even if it does it's a big buying opportunity, some people will still rush to accumulate Bitcoin before it receivers, The truth is it will surely recover sooner or later.

It's also a big opportunity for those that are responsible for the crash, I can not help but wondering how they can make it happen, it's not even close to where I will freak out, I just always know that there are some bigger players in this space that makes things happen for their own pocket and they mostly get away with the manipulation.

Look at Bitcoin's price like this: There is a big pool where millions of people have put their money and the condition is that if you leave one bitcoin in pool, you can take 29K USD right now. The more and more people put their coins in this pool in exchange of money while simultaneously less and less people enter the pool with cash, we will achieve the condition where there is a lot of bitcoin in the pool but you'll rarely find a cash.
Personally I think that since we have the room of improvements and to make changes, Bitcoin will never reach $1 condition but even if we think about it like a real-life scenario and bitcoin's price goes down to $1, this means that people abandoned Bitcoin and there will be absolutely no way for it to recover. Billions of dollars are put into bitcoin marketcap and businesses, you can't just completely abandon it and then return back.

Although I don't know how the future of bitcoin will pan out and the price of bitcoin is unpredictable, with what you said now, I don't think bitcoin will drop to this extent. You said 1 dollar is a pretty crash in my opinion. And again, you can see that the adoption of bitcoin is gradually increasing. For this reason, I believe the price of bitcoin will not go where you think it will.

However, if we even say that the bitcoin price should move down to 1 dollar, I can say that this will happen when people stop using bitcoin again. But now, seriously, I'm still expecting the bitcoin price to go higher than it is now because people are still increasing in the market and they are putting their money into the industry, so you can see that it will not go low to this extent.

This question arose many time already and the answer is easy. If Bitcoin fell to one dollar for some reason, with current market liquidity all the bitcoins would be bought up in seconds. Since there would be no supply then price will naturally increase to a level that would be considered fair by the participants.

It seems impossible for bitcoin to fall to one dollar as there are more and more people using and gaining knowledge about the system. The only possible way for it to happen is if something tragic in the economy happens. Essentially, it is pretty impossible right now and in the next 10 years. Hence, my speculations can be as good or as bad as the next person as it is something that is hard to predict as it is highly unlikely right now.

There will be a catastrophe for sure if the price of bitcoin goes that price because it can make all the holders or users of bitcoin sell it off or stop all trading on it. It is really impossible, but if this scenario happens, the world will be full of chaos for sure, or if not, there will be a replacement for it or it will get banned world-wide (but even then, there are others who use it illegally). I don't have a really clear view on this, as it is very impossible, and the only thing I can think of is that the internet or the world is collapsing at that time, meaning it won't recover.

If Bitcoin ever got to that price of a dollar and people having experienced $70k before...there is no doubt that it would instantly raise as buying pressure would be so high as everyone that has had an opportunity to use BTC would be buying not less than 100 bitcoins to put to their names,which means this low price wouldn't last a day!!

Nobody can predict the future, especially when it comes to cryptocurrencies, but I don't believe anyone is speculating that the price of Bitcoin would eventually drop to one dollar. I just don't see how you came up with this idea after seeing it in this context, though. Unless every nation outlaws Bitcoin, which I believe is impossible because every nation has a different vision for how its economy will grow, I will just say that nothing cannot happen but that it will be exceedingly difficult to happened.

If it's true that one Bitcoin can drop to $1, then I believe it's also true that the price of Bitcoin can rise again, but only if there are real, observable causes for it to do so.

This dead thread got revived out of nowhere. Anyway, BTC could fall to a dollar or less only if all investors pulled out their funds completely which obviously will never happen if you think about it.

It could lose a big part of its value if investors around the world didn't have access to the internet which is another improbable scenario. These are just a couple of reasons as to why BTC will never fall so low.

Anyone thinking otherwise need to get their heads checked.

Unless there are Quantum computers generating private keys and spoiling the bitcoin as a whole, then in that case, it wouldn't recover 0.1$/btc forget about 1$. It will be the fall of Bitcoin.

CEO of Google said we will be able to decrypt any encryption in the next 5-10 years using quantum computers.
But getting the license for using quantum computers will be tough.

// I'm writing this post from the info I got from a youtube video.

No, that's not the likely scenario because bitcoin nosediving from X price to 1 dollar is going to cause panic among hodlers and they will try to sell everything while the price is still acceptable to them and when the plummet is complete, it's going to make people lose confidence in bitcoin, it could even cause the collapse of the cryptocurrency market as a whole because the foundation which is bitcoin is the one that has collapsed. Then bitcoin will become just a footnote in financial history, with few stragglers still staying believing that there will be a second coming like Jesus Christ.

But of course, that's just a hypothetical theory, it's unlikely to happen and no way that something like that can happen, the price floor of bitcoin is always going up as time goes by not going to down.

I don't think quantum computers will "break" Bitcoin. Developers will introduce a quantum-resistant algorithm before quantum computers become a threat to the Bitcoin blockchain. It's very likely the community will approve such a decision as it's in everyone's best interests. With how solid BTC is right now, I wouldn't expect it to dip in price now nor in the distant future. The only way it could fall to $1 is if there's a full-scale nuclear war or the whole Internet is shut down for good. We may be decades or centuries away from seeing this become a reality.

If you've missed the "Bitcoin train", there's still an opportunity for you to strike it rich in the future. Go check out altcoins to see what I'm talking about. Most of the new ones begin trading at cents of a USD, only to end up being worth hundreds if not thousands of dollars (USD) in an instant. There's only one way BTC can go. And that's up. Who knows if BTC finally goes to $1m? Just my opinion :)

I think he already knows that fact but the question here is only a kind of what if. If let say it is possible, I don't think Bitcoin will recover anymore. There might be a brutal reason on why its value fell that low, that even a major demand won't make much difference anymore. Bitcoin is different from the fiat currencies.

It's not totally depending on the status of the economy. The next 10 years are pretty long and we don't know what can happen during those time span. I don't want to be negative this time so let's just pray and hope that Bitcoin will only grow bigger and stronger. It was still normal for us to experience a negative news but mostly those are manageable.

I honestly think that its market value won't be able to recover after that. It would be a huge price gap if ever such thing would happen and no demand would be expected on such instance 'coz more likely, they would be worried investing into an asset which has no global utility, and a price which fell that much. If it is general possibility then yes, there is that slightest chance. Bitcoin is only popular at the present simply because of what it have established ever since it became available to the public.Having a huge downfall in its market value means a destroyed image as well which makes it not surprising if ever investors would be avoidant to Bitcoin after that crash.

Quantum computer is not only threat to bitcoin but to whole current security system like AES encryption, VPN etc. Every new technology is not welcomed in the start, same happened with bitcoin and is also happening with Quantum computing. But Quantum computing is a reality and it will be here in few years.

Bitcoin is itself based on so many crypto concepts like SHA 256, ECDSA signatures and they do have threat from quantum.

Different allegations have been level against bitcoin in the time past. And bitcoin withstand with all those false allegations and scale through. And for bitcoin to fall back again is not possible because bitcoin has gone far. Bitcoin can only go below and rise again and it would always recover itself whenever it goes down. The development of bitcoin was not on the human control or authority control but it is on the decentralized system so nobody can damage it and also the adoption of bitcoin increases day by day and that make it more popular making people to invest in it every day.

So before bitcoin will go down to the level in which it could not recover itself again, it is the time when the it is the time when the bitcoin programming system is uprooted from the internet and that is not possible. Remember what Happened last year when Bitcoin was $15k to $16k and people were saying that it would not come up again so for the fear many sold out their coins but towards to the end of the year, bitcoin rised again and people became happy. Bitcoin is always recoverable.

Bitcoin's price is directly correlated to the public's opinion towards it. Right now it sits at neutral which is why there's no significant price movement. To make it fall into a dollar per bitcoin, we might need to sway 99% of the userbase to stop using bitcoin altogether, which is not going to happen lol unless an asteroid hits the planet with a hallucinogenic virus that makes people hate bitcoin and everything that's tier 2 technology. And even then I say we'll never reach that stupendously low. Banning bitcoin in entire continents will not work as well, people will use it behind the government's back just as what some of our Chinese brothers are doing nowadays. Bitcoin could stoop low especially during bear market but considering the fact that even during massive crashes it never fell from its 20k price point, there's no way it's going to fall to as low as 1 dollar as well.

The thing is, at the current market it's impossible for bitcoin to fall to $1, because the mining industry is worth enough to give every single bitcoin the value of thousands of dollars. Think of it like this, if you have a factory that makes a product and that factory in itself is worth a billion dollars, with every single piece of its product being worth a thousand dollars, there's no way for it to go to $1, unless that product either becomes tainted somehow, like someone drops a nuke on the factory and all the products stored inside get irradiated... As long as the products remain the same, even if another factory starts making better ones, or the company goes bankrupt, the product will have a fraction of its value, maybe even grow in value as a collectible. It's possible for a bitcoin to drop in price, but not to $1. Even as a collectible with no use, it should be worth at least 1% of its peak price so close to $700.
It's pointless to debate over something that will never happen. Better to ask if it would recover from a price of 1k, because that's more of a challenge.

I Strongly believe that bitcoin will never destroy. Bitcoin is now well established. And bitcoin is very popular now. And which you told i think it never possible. Never Bitcoin price will fall to $1. It is not possible now a days. Now Bitcoin marketcap is $564,789,812,030. It is very high volume. And day by day it"s volume increasing. So i think Bitcoin price could be down but never will come $1. It is just impossible.   

That's a good conviction. I know that the likelihood of such happening is negligible even though it's like 0.00001% but still not completely ruled out. It would take a really difficult situation to tank the price that hard. It's the beauty of decentralized technologies. To attack a network this big means wasting resources that might not work. Realistically speaking, to crash the price to that level would mean everybody selling off including wallets that have been inactive for years but holding Bitcoin.  Possible but very much unlikely.

There's no question about bitcoin's tendency to recover from even the worst valuations over its life, the question should be about if bitcoin would even go so low as to be valued to a single dollar. Volatile as bitcoin may be, for it to drop in that low of a value there has to be a global financial collapse in the cryptocurrency industry that would cause people to literally dip 99% of their investments and move it to somewhere else. We all know how improbable that could be considering the fact that more and more countries nowadays are becoming more accepting of the idea of bitcoin and other cryptocurrencies operating within their borders, and the slow but steady increase of people who actively use bitcoin in their daily uses too.

Before Bitcoin gets hacked by these quantum computers, we might be hearing breaking news that several government and company security had been breached by these so called quantum computers.  I believe Bitcoin security is far more advanced than any other security used by government institutions and other major companies.  So we might be hearing these institution securities got breached first, then Bitcoin developers have time to improve the security making it quantum computing resistant.


In case Bitcoin goes down in a one dollar value, this only means that the trust of people goes elsewhere and Bitcoin needs a major campaign to regain the trust.  We will never know if Bitcoin will recover from that state since it does not happen yet,so I am saying, we will know if that thing happens (which I think is impossible at the current adoption rate of BTC)

If I'm going to think about it probably it is going to recover in just a few second if the market fall to around 1$ per Bitcoin that's for sure, I mean from 30k$ right now and falling to 1$ I have no doubts that it is going to back up to around 30k$ in just a few second or probably around 20k$-30k$. I mean just ask some trader if they are going to buy Bitcoin if the market price of it is just 1$ im sure that 100% of them is just going to say yes because they know the potential and capability of Bitcoin that it is going to skyrocket in the next Bullrun.

Although it is very unlikely that the market price is going to drop to 1$ anymore, because there were just a lot of people that is already holding Bitcoin,we might not even see Bitcoin around 10k$ anymore, But it would be great if that's going to happened because I could buy bitcoin again at that market price which probably not going to happen anymore so its a good opportunity for me to buy or invest on Bitcoin so that I could accumulate more in the next Bullrun and make more profit,.

I think it will not happen, usually I don't like to think about something that worthless. I prefer like to enjoy the current situation which is very good. rather than being afraid or doubt about something is not real and only make me waste my time and opportunity, I think it will be better if I am focus to the next halving event that will be happen soon. I need to accumulate more bitcoin so I can maximize the opportunity to gain profit.

Good point here. I mean it is highly impossible for it to happen so why bother and waste time and effort into thinking about such a thing, right? Instead, it is truly better to just spend those time and effort on maximizing what we have and turning that into opportunities to gain profit and attain financial freedom. However, I do get where OP is coming from as sometimes it makes you wonder about those things, but it really isn't worth pondering over.

So, you're essentially saying that Bitcoin is a massive factory, huh? Being so valuable, the mining industry prevents Bitcoin from falling below $1. It is a valuable form of digital treasure. Like a factory that cannot simply disintegrate because... reasons? I suppose that is how things work in this complex universe.

Bitcoin is more than a digital asset; its a symbol or something. It is not something that can simply disappear. No, its here to stay and will likely expand. It certainly has its ups and downs, but to reach $1? Never gonna happen. Now, the subject of whether it will recover from a price of $1,000 is intriguing, isnt it? It is more realistic and perhaps worthy of consideration.

Yes, I guess you're right. I honestly can't think of an event which could potentially lead to Bitcoin going to $1. Or actually not: I can think of many such catastrophic events but in case it happens you wouldn't care about Bitcoin price much. Like for example nuclear war or asteroid hitting Earth, alien invasion etc. In most cases, an unexpectedly long internet outage (like from a powerful solar flare for example) may lead to Bitcoin dropping really low, I'm just not sure if it could reach $1 but that would be nasty.

First it will never fall to 1 dollar mate , if that happened then considered it dead completely , and also the whole crypto market as well.

but one thing here is that Bitcoin will not let to go that low , or else no one will get close to that level.

I don't know what comes to your mind asking this but trust me , this is senseless .

"Public perception" to me is the first determinant of bitcoin's behaviour, it is a strong factor that brings about Demand and supply because investors are influence by media blitz, crypto currency supporters, and predictions from experts.

Bitcoin's value before did not touch one dollar, and because of the demand for the bitcoin and its potential of it also being decentralized, as now people see the bitcoin's history and progress, I guess there's no whale will not grab this opportunity to invest even its a dollar once the bitcoin again becomes demand the price goes up again.


Not will happen unless the people will lose interest with the use of the bitcoin, but seems the investors and even the common people knows the bitcoin sure each of them grab the opportunity to accumulate as possible.

There must be a strong reason for Bitcoin to be worth $1. Something serious must happen. It's hard for me to imagine it costing that much, but anything is possible.
I'm talking about serious reasons because there are so many people who are ready to buy it. Only if it's a worldwide ban on bitcoin or something like that
Probably if bitcoin collapses, it will mean that there are huge problems with the entire crypto-world

I've seen Bitcoin drop and rise, but if some major players stop believing in it, that could be the real downfall but i dont think so.

If bitcoin hits 1 dollar, it will be the end of the entire crypto industry, no longer a big problem to solve, because the whole market depends on bitcoin, and it accounts for more than 50% of market capitalization. Although there have been many questions or theories about bitcoin falling to $1 or crashing, no one has been able to come up with a hypothesis with few valid arguments, most of them are just an empty assumption, unfounded. So I think it's a waste of time when we think or discuss that, I mean it's never going to happen.

The recoverability of Bitcoin depends not only on the price, but also on the integrity of its underlying infrastructure and protocol, Bitcoin is based on a decentralized technology and a consensus system called the blockchain… For Bitcoin to be no longer recoverable, something would have to happen that would seriously affect these fundamentals. As could be the case with massive network attacks, critical vulnerabilities in the protocol, extremely adverse regulatory changes in multiple jurisdictions, or even a change in the general perception of its value and usefulness.

Furthermore, the price of Bitcoin generally reflects the confidence and value perception of market participants. Big drops in price could erode investor and user confidence, which in turn could affect the overall health of the network. …but a recovery would be possible if fundamentals remain strong and relevant concerns are addressed.

If Bitcoin hits $1, it will be because of a very terrible crash that won't stop at $1.

With a good imagination, you can consider it like how Terra $LUNC dropped in May 2022. $1 will only be a very shortly lasting price and willl never be a bottom of Bitcoin when such very deep crash occurs.

I of course don't think such fiasco will happen with Bitcoin as it has no risks from minting, no centralized greedy scam intention from any team. It will never fall into fiasco like Terra.

What actually do you mean, OP? Are you referring to the value of Bitcoin? The numbers that show up as a price for bitcoin? Well, we are the ones who created this system. It is easy to determine a value using US dollars, and that's the reason why we added a value to Bitcoin using it. Other than that, the existing value has nothing to do with bitcoin. This is how thing works. You give someone 2 potatoes. He gives you back 1 potato from his side, which is equivalent to your two potatoes. A trade happens here! Now imagine the same thing happening for two different kind of things.
That's how we used to determine value in the past. Now we use a common currency, in this case that is US dollar.

But when we consider 1 BTC= 1 BTC, that value becomes nothing. Even if the price of Bitcoin falls to 0, it will still worth the value. Because we will then trade with equivalent to Bitcoin's original value. 1 BTC= 1 BTC,  0.069BTC = 0.069BTC.

There's nothing the government or anyone else can do to put negative pressure on BTC's market price until it goes all the way down to $1. It's technically impossible. The cryptocurrency is deep into the mainstream, where many people (especially companies and the wealthy) own a "piece of the pie". Demand is at its highest, even with the global economic downturn since the start of the COVID-19 pandemic.

For BTC to lose its value overnight, something catastrophic must happen. Something like WW3 (full-scale nuclear war), or a full blanket ban from all of the countries in the world could make Bitcoin worthless in an instant. But the odds of this happening anytime soon are very slim. We're talking about decades, if not centuries before this happens (if it ever does). There's only one way BTC can go. And that's all the way to the moon. Who knows how lucky we'll be once BTC hits the $1m milestone? Just my opinion :)

If Bitcoin hits $ 1 is the moment that everyone has been waiting for and dreaming of. in a matter of minutes the price will shoot up again due to booming demand. but, that's impossible and doesn't enter my mind. Just people's illusions OP.

So, what's really happening right now is what you need to know, Why does the price of BTC fluctuate? Well, one of the reasons is that the whales (investors who own a large amount of crypto assets) are still free to take bitcoins at a much cheaper price than before at the expense of "rekt" traders and that is when a large number of influential traders bet on the price of bitcoins moving in one direction.

What is certain is that it will not happen. Because everyone knows that BTc is the best performing asset in the digital era.

those whales still able to manipulate the bitcoin market. me as small trader will only follow the market trend, and I am okay with it, i still can gain some profit from it. i also see BTC as the best cryptocurrency investment in this world, this is the reason why I hold most of my btc for long time without any worry. I don't even think that it will back to $1 anymore.

1BTC=1BTC, but if 1BTC=0 USD, it becomes garbage, like it or not, that's reality and what's going on. Are you willing to buy bitcoin for $69k and spend it when it's only $15k? I bet you can't and won't do that, and if you don't, you're also acknowledging that the value of bitcoin still needs to depend on the currency. As long as fiat remains the primary measure of value in our world, never expect that the value of bitcoin will break free from that dependency.

In fact, 1BTC=1BTC is a useful advice for long-term investors so that people always hold their bitcoins, don't panic sell when the market is dumped, nothing more and nothing less.

indeed in this case the op asked everyone a question about what if btc went down to $ 1 and of course there's nothing wrong with op making a topic like this because of his rights.

but I agree with your opinion that btc will never go down to a price of $ 1 because btc is different from altcoins, if altcoins it is appropriate to fall into it and the price will be very low, but in my opinion bitcoin will certainly be safe and will not fall very deep.

if the price reaches $ 1 again then I think trust in bitcoin will fade and cause antipathy towards cryptocurrency. just imagine, of course, many investors are running away from the crypto world, considering the current price comparison is towards $ 1. but I think it's difficult to happen, considering that whales are currently not as easy as in 2018, which was a lot of FUD and was successful at that time playing the psychology of investors, but now investors are much smarter

I don't think bitcoin will ever be back to 1usd value one day. If it fell that low, that means a security failure has been discovered, then BTC won't fell to 1$ but it'll be worth 0 and won't recover.
But so far bitcoin Blockchain is safe.

It's hard for me to imagine bitcoin crashing to a price of $1. Or can I say that it is almost impossible to happen. All I can imagine about the fall of bitcoin is when all the internet networks around the world shut down. Because as long as the internet exists, digital transactions and digital investments will continue and even increase from time to time. Even if there was a ban on bitcoin it would not be strong enough to stop bitcoin.

What ever caused or causes bitcoin to fall back to $1 simply means that bitcoin will return back to not having any value at all, and that also means that bitcoin destroyed and will no longer exist in no time or going further in to the future,
For the now, I would say that, I have not seen any strong enough reason or something that is strong enough that could cause bitcoin to die, or destroy bitcoin entirely, because I believe that what ever pushes bitcoin price down to $1, it simply means bitcoin is dead for real, and chances of recovery is very very slim, people will simply move on with other crypto currencies, but this is if cryptocurrency as a whole did not collapse, as I personally have always viewed bitcoin to be the foundation holding the entire cryptocurrency market, anything that causes bitcoin to die simply means the entire crypto market will be dead as well.

My opinion though.

Altcoins can be manipulated so the prices can drop drastically. But when talking about Bitcoin it will be completely safe investment because Bitcoin cannot be manipulated. In the early days of Bitcoin's discovery, people are slowly learning about it, and the number of people who know about it is gradually increasing. So, the demand for Bitcoin is also increasing. If someone wants to buy bitcoin at this period not $1 rather than $10 thousand it is never possible. Because Bitcoin can't go to that position anymore, the reason is because the buyer's demand is high and increasing.

It is naive to say that the bitcoin price is not being manipulated, not only bitcoin but this entire small industry is being manipulated so easily. You try to compare the market capitalization, it is smaller than the capitalization of a technology company like Apple and only equal to the annual defense budget of the US. Is it difficult to manipulate? For us it is impossible but for sharks it is not difficult.

But I also don't believe bitcoin will drop to $1 because and market makers won't let that happen either because if that happens, the players will leave and they won't be able to earn any profit.

The foundation that has been built so strong will be difficult to destroy even though a big wave comes. The price of bitcoin may be eroded due to negative issues or other things spread through the media, believe me Bitcoin will not collapse as you imagine. By trade law, I'm happy that when the price of bitcoin erodes, I can get Bitcoin at the cheapest price I can buy. But what happens in the market is the opposite, Bitcoin is always able to defend itself when something bad happens, the increasing demand will make Bitcoin last longer and will be higher as you can see today.

I doubt what you say, I don't believe people are waiting for that to happen. People want bitcoin to drop more so they can buy bitcoin cheaply, but no one is expecting to buy bitcoin for $1, I bet you on that. If bitcoin drops to $1 it will be the end of bitcoin, even you and I will leave this market. Because then there will be extreme confusion, not opportunity. If bitcoin drops to $10k it can be seen as a rare opportunity but if it drops to $10 or $1 it is a serious problem. But like you and many others, I don't believe that will happen either.

You might be stretching to say Bitcoin is "technically impossible" to fall below $1. The demand is high, and businesses, affluent people, and even average people are obtaining a "piece of the pie."

But a nuclear war or universal ban? Despite their rarity, these catastrophic events must be considered due to the many probable causes. Practical factors like technology issues, market manipulations, and legislative changes could alter Bitcoin's value. Pessimism is less crucial than acknowledging the challenges of employing this groundbreaking financial tool.

Bitcoin's outlook seems bright after reaching $1 million. We must recognize its potential but also remember that the market is dynamic and ever-changing.

Though this question doesn't make sense, the answer is always yes because there are lots of industries that already adopted bitcoins and make it one of their accepted payments. Others might gonna banned from bitcoins in their companies but there will still be a remaining that will gonna be supporting it until the end and that's the same reason for the price to rise again if ever a catastrophe on bitcoin price will occur in the future. the only thing they can do is to stop accepting bitcoins but to be totally banned all over the world is next to impossible.

If there is a nuclear war, then not only bitcoin but all of us will die. But a global ban? I doubt this will ever happen. Since we have many factions in the world and no one is on either side, the unification of a global ban will never happen. Even if they work together to fight terrorism, they still have many points of disagreement with each other, then agreeing on a global ban on bitcoin is far away. Bitcoin is volatile and very risky, but a return to $1 sounds like an unlikely myth.

Yes, the fact that Bitcoin are starting to adopt worldwide and get acknowledged by some countries. Imagine Bitcoin was banned at China but you could still see a lot of people there keep using Bitcoin as an investment and doign some trading or mining. We'll just have to compare it to gold which is relies on the supply and demand, due to limited number of Bitcoin as many people would buy it, it will increases it's value especially in the long run. And also it's volatile which people love since they use that nature as advantage for them to profit and it is decentralized so you could control your assets whatever you like meaning it's up to you the fate of your money. With these sample for sure it would literally impossible for Bitcoin to reach $1 especially this day where people are aware to Bitcoin's value so they would buy it and were gonna back to supply and demand.

It won't really happen unless our world goes into World War 3. , this is difficult right now. Also, also whales are not having all the amount of Bitcoin, so it still won't affect it, and they are smarter and not maliputative. But if ever this happens, for sure, a lot of investors will be gone because most of those who are into bitcoin want to earn profit, so they will seek another investment where they can earn profit. But for sure, we won't be witnessing this in our generation; probably in the next generation, they will see the collapse of Bitcoin. But just leave it to them; let's enjoy Bitcoin right now.

I don't want to consider Bitcoin in the same way as comparing it to fiat currency or its value in terms of fiat money. It's well known that the value of Bitcoin experiences a lot of fluctuations during the time but the idea of it decreasing to the point of reaching $1 seems very unlikely to be honest. Currently, the value of one Bitcoin is around $30k and I don't believe it will ever drop a lot to even reach 1k$ unless a big problem in the earth happens. As long as the internet remains accessible worldwide I think bitcoin should continue to hold its value and even get higher in the future.

That's a misunderstanding. 1 BTC will always remain 1 BTC even if the price falls to $0. We are the ones who put it in comparison to USD so that we can get an easy way to measure its value. Bitcoin's beauty is in its use cases but not in its value. The majority of the people interested in Bitcoin are here really for the money and profit that it can give them. That's not a lie and I agree with your statement. However, Those who truly believe in Bitcoin and know what it can do, they will never run after its value. For example, Laszlo Hanyecz didn't see how much it was worth back at that time. Instead, he made that purchase to start a new era. Do you consider him a fool? For me, he's a hero who went out and did it.

So even if the price of Bitcoin falls down to $0, there will still be people who will value it. So I don't think Bitcoin is going anywhere. Those who will sell their Bitcoin or give up on it just because it lost its value, to me, they are the real fools.

Honestly, I can't think of any serious reason for bitcoin to drop to $1 because bitcoin is not like all altcoins. It is completely decentralized, not controlled or managed by anyone, so risks like minting, rugpull...are never possible. Moreover, the demand for bitcoin is also completely different from altcoins, if bitcoin drops to 15k or 10k, people will also buy it massively. So it's impossible for bitcoin to drop below $1k, let alone $1. If this question had been asked 10 years ago, there would have been doubts about bitcoin, but things have been very different so far.

First off, yes. Second off I highly doubt that anything like that would ever happen and if so you would see a lot of crazy stuff happening lol. If it did drop dramatically though I could see it going down to the 1k range again like worst possible price point, but I highly dought it

The fluctuations that occur in the Bitcoin market have always made it difficult for investors to predict the actual price of bitcoin, during the several phases of the recent decline, Bitcoin has never fallen to the worst. Bitcoin is always able to rise again after passing through Bearish, the demand in the market always increases due to the massive adoption that occurs. Bitcoin has grown and won the trust of various groups which makes its foundation even stronger, based on the higher level of trust in Bitcoin, my assumption is that it is impossible for Bitcoin to fall to its lowest level of $1.

A $1 market price would be the opportunity of a lifetime to buy BTC at a huge discount. Many think the masses will be buying BTC by the time this happens, but I hardly doubt it. After all, everyone will be in "panic mode". Such a dip in price would mean something terribly wrong happened with BTC. Neither you and I will be alive by the time Bitcoin goes all the way down the drain (if it ever happens).

Let's ignore the FUD from mainstream governments and carry on with our lives as usual. Who knows how far BTC will go? Just my opinion :)

It is never possible for the price of Bitcoin to go back to the level from which it has risen. Maybe due to volatility in the market, the price may change, but the price may not return to its original state. With the advancement of technology, Bitcoin transactions and Bitcoins are becoming easier for people, thus increasing the popularity of Bitcoins. How can the price of Bitcoin come to such a state where the popularity of Bitcoin is increasing. Rest assured that the price of Bitcoin will never reach such a state if the crypto currency is not destroyed.

A few things should be considered for this type of scenario to happen. What kind of event causes such a substantial drop in BTC price.? The event will likely be more significant than the great depression/recession.  Secondly, the price of BTC will not likely fall at this level. Finally, If this happens, the chances of BTC revival will be negligible.

When bitcoin first appeared, a lot of people called it a tool for speculation. And we, crypto enthusiasts, really believed that this is a new means of payment, that this is freedom, and we are standing at its beginning. But years later I realized that unfortunately those skeptics were right. Cryptocurrencies are now squeezed from all sides through the KYC system, and there is almost no anonymity. And bitcoin, like other cryptocurrencies, is subject to strong speculation, I'm talking about gratuitous falls and growth. And of course, no one will let bitcoin fall below $ 1. I am sure that we will never see bitcoin even at $ 3,000, because speculators will immediately buy it.

You could possibly imagine such scenario with altcoins, especially coins that are centralized like BNB, XRP etc. The project owners might decide to remove liquidity or authorities could go after them which might cause it to crash drastically. A similar example is LUNA that was worth $116 at some point, but crashed to many zeros and hasn't recovered.

I don't see such possibility with Bitcoin because it is completely uncensored. It is currently trading at $29.5k with the highest marketcap cap of 573.76 billion and it is not one of those shitcoins out there that would rise to a point and take a huge fall after a while. Anything that would make Bitcoin fall from whatever price to $1, that would not only be the end of Bitcoin but the end of cryptocurrency.

If bitcoin would go back to $1 that would mean something very, very wrong happened, like a 51% attack or someone getting access to all the wallets and other very unlikely events like those. Going back to $1 also would mean losing 99.99% of the value, at that point everyone would have got rid of their bitcoins and those who didn't probably will stop believing in the project. I don't think something like that could ever happen anyway.

With all the massive adoption and recognition Bitcoin has gain I don't think this thought of yours will ever be possible. Imagine the world going back to the stone with all the knowledge humans have gotten and exploited, I think that feat can never be achieved even in a million light year and that's how it is with the level Bitcoin has reached.

If BTC = 0 USD, we cannot deny the fact that it is worthless.  It is not a misunderstanding since the price valuation of Bitcoin becomes 0 USD its purchasing power is gone.  No matter how you explain the beauty of feature of Bitcoin is, if its purchasing power is zero, it became not valuable.  Besides Bitcoin value is dependent on the demand of the market, if there is no demand to it then it means there is no need for the beautiful features it has or something had taken over the BTC market and offers much more beautiful features than BTC.


Sadly people are driven with personal interest.  One would not do something without personal gain. Laszlo do that transaction because he wanted to prove that Bitcoin has purchasing power.  Since he possibly owns lots of BTC, it will give him much benefits if BTC is established to have purchasing power.  I do not consider Laszlo a fool but instead he is brilliant because his action is calculated and bring much gain to the Bitcoin economy.


No one will be able to sell their BTC if its price valuation is 0.  There is not enough liquidity to fill the sell order of Bitcoin in short there is no demand.  Besides, if profit is to be taken as a factor, I do not think it is being foolish to jump out of a sinking ship.  This is the reason trading has the stop loss feature.

Based on the high level Bitcoin are in the world today, I think it will be difficult for countries to banned Bitcoin forever because they have seen the reason why they need Bitcoin in their land so that their generation will live to grow and swimm in wealth. I think we have seen how Bitcoin recovered from low price to higher price in the market, which there is no amount Bitcoin will fall to dollars it will not recover, just that it will take time before it will hit higher. If the price of Bitcoin can recover from $18,000 last year where people thought that Bitcoin will disappear like the way other coins disappeared from the market, but the price has reached $29,453 few months that is giving investors hope that it will hit back $69,000 soon to allow them to make a passive income from their investment.

If people were going to buy when bitcoin hits $1 again, I think many people didn't doubt bitcoin in the early days of bitcoin being introduced and missed their chance with it. I really don't believe anyone who says they will feel great and buy as many bitcoins as possible when bitcoin drops to $1. Because last year, when bitcoin dropped to $15k, it was a great discount to buy bitcoin. But many people feared it would drop further and they didn't buy it, so it would be a lie that they would buy it when it dropped to $1.

Laszlo Hanyecz is a hero to us. But not even Satoshi or any other bitcoin developer could have predicted the bitcoin price would reach its highs today. I mean, if they knew its value in advance, would they make such bitcoin transactions?  I bet you, no one would dare do that.
I agree with you that the beauty of bitcoin lies not only in its value but also in the unique features it gives us.  but do you see any tools created but worthless and used?  or will people throw it away because it has no value and treat it as garbage?  Even yourself, you always assume 1BTC=1BTC but you will always check its value every time you make a trade.  so it's a lie to say that even if btc=0usd it's still worth it.

The rise of Bitcoin always has a reason, now what do you OP think is the deep or big reason for Bitcoin to fall by 1$? even the fall in its value has a reason and depends on how strong the news that happened in the world of Bitcoin industry.

Especially since with each passage of time I have not seen its value decrease, meaning that at this time it is impossible for Bitcoin to become 1$ again. even if its price falls in the market, it gradually recovers and rises again.

Feeling that they might wasting their money is one of the reason why many doubt to buy at that time and its valid doubts knowing that market is in bad shape then no one knows on when it recovers. Its just there are people got so lucky to earn some profits because they are the one who can afford to buy at that figures.

And if bitcoin would ever reach that far for sure we can see majority of people will rush to buy and grab some bitcoin at $1 price since chance for it to pump back is so high knowing the supply of it so less provably we can see a quick huge price pump if that time happen.

To be fair, anything can happen and a bitcoin drop to $1 is possible but the odds of that happening are extremely low, if not close to zero. The value of bitcoin is created out of our need and it will only depreciate unless we no longer need it. But just looking at the demand for it is spreading almost unstoppably, so the hypothesis of bitcoin dropping to $1 is a pretty myth. Even the government put in place draconian bans to stop the growth of bitcoin, but they also failed. So I also don't believe there is a possibility of bitcoin falling to $1 or crashing.

Feeling that they might wasting their money is one of the reason why many doubt to buy at that time and its valid doubts knowing that market is in bad shape then no one knows on when it recovers. Its just there are people got so lucky to earn some profits because they are the one who can afford to buy at that figures.

And if bitcoin would ever reach that far for sure we can see majority of people will rush to buy and grab some bitcoin at $1 price since chance for it to pump back is so high knowing the supply of it so less provably we can see a quick huge price pump if that time happen.
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Well, first off, its quite understood that everyone has their hesitations, right? I mean, taking into account the wavering condition of the market back in the day, the jitters surrounding investments are more than just "jitters". In fact, they're totally "jittery jitters" if you get my drift. Shitty banks and trash fiat systems have left everyone wary.

Now, speaking of people who buy during that unsure period, I guess you could say they had a sixth sense? Or maybe a seventh... or even an eighth? You get the point. They had something! They had the means and the guts to take such a step. Those lucky folks! But always, always support bitcoin, right?

About your point on Bitcoin hitting that $1 price - oh, what a time that'd be! Although, if we pause and think (but not think too much), isnt it peculiar how everyone might think of buying it when its at its lowest? Perhaps they’re expecting the sky to rain cheese? Or perhaps, just, you know, expecting a bit more stability than the wobbly fiat. But with the limited supply, you'd expect, or maybe not expect, the price to shoot up like a potato... or, you know, something less starchy? Always support bitcoin though, always.

People trust bitcoin so much that if unfortunately it comes to 1$ people will buy more at that time as an opportunity to get benefit. You are right that bitcoin cannot go Down to 1$ but its a cryptocurrency and everything can happens here.

Everyone should be prepared for every situations and I think that if it comes to 1$ then people demand will be higher as people select bitcoin at that time when price is not much higher so increasing demand will increase the Bitcoin's rate.
If people are afraid of such a lower price then it can happen that bitcoin goes more down which can cause bitcoin to disappear which is not possible presently and future is not predictable we have no knowledge about future.

This to me is an unimaginable scenario, however, anything is possible but the likely chance of it happening to me is 1% chance and in that case, a worldwide total ban on Bitcoin might have been placed which may trigger such a price crash and in a situation where a death sentence law has been enacted on whomever that trade, buy/sell or dealing with Bitcoin in any way.

Why do you expect this?  ???
As long as there are many people who hold Bitcoin, I am sure Bitcoin won't lose his value.
The only way that Bitcoin can't recover when it has no value anymore. But it is very unlikely to happen if we consider how the adoption of Bitcoin nowadays. Moreover, if there are more countries to adopt bitcoin seriously like El Salvador, Bitcoin probably increases its value. Since it is getting popular, we have more and more demands of Bitcoin. The increase of the demand is a positive sign for its future. So, I believe Bitcoin price will gradually to increase, it won't fall again below $20k.  ;)

I doubt there will be high demand if Bitcoin falls to $1.
Most people must feel panic to see such low price, so people may lose their interest in Bitcoin. I really don't expect the price to fall $1 because I think it will be a disaster if it really happens.

A global ban on Bitcoin would have a significant influence on its price. We expected the price of Bitcoin to crash because it was completely useless at the time. However, this scenario is unthinkable because the Bitcoin marketcap is about $571B, thus if the price ever drops to $1, the marketcap should drop to $19.45M. It's impossible since there are always buyers and sellers in the market. And there are plenty of orders in the order book to cover up the selling pressure.

No one knows the future, but with what bitcoin has and is achieving, a bitcoin drop to $1 is extremely unlikely, and that's why I believe it can't drop to $1. But if you still hypothesize that it is possible then I believe it will be a terrible crash if bitcoin drops to $1. But I don't believe many people will buy it when it's only $1, panic is inevitable and people will sell everything and run away. If people have faith in it, as I said when bitcoin dropped to 10k, people bought it massively, how can it fall to $1? If you don't have the confidence to buy bitcoin at $1k or $10k, you won't have the guts to buy it at $1.