Bitcoin Forum

Please briefly explain, why BTC can not be zero at present time?

Technically it can be zero at any given time.

This can be seen by analyzing the bitcoin network, the hashrate has increased significantly in recent years and if you use a simple analogy, the cost of a bitcoin mining machine can be used as a good indicator to gauge how much the network participants expect. I think BTC will be the future world reserve currency and "future money".

Because....
there's people willing to pay more than zero to get BTC.

It's all about supply and demand on a free market.

Hashrate and miners don't really matter in terms of BTC price.
Why would a potential BTC-buyer care about the cost of mining?
I don't, do you?

OP if i may ask, what are the technical findings you've conducted that makes you derive at saying bitcoin can go to zero? obviously i shouldn't stress myself because i know you don't have an answer to that, but I will tell you two reasons why bitcoin cannot go to zero, first is that bitcoin is not altcoins or shitcoin that exists today and disappear tomorrow neither is it a ponzi scheme, secondly go and your own research on how bitcoin started since 2009 and compare it price to what it is now and clear your doubts, if you ask but it's going dip already, u will tell you it has always been so and will continue, there's rise and fall in bitcoin price.

There are thousands to millions of users in the market who trade bitcoin where it can affect its value will not be zero. You can't expect bitcoin to cease to be in demand in the market as long as bitcoin is useful as a currency and an investment asset, so that should be the basis for why bitcoin isn't going to zero now. Bitcoin would be zero if there was no more demand in the market, but I wouldn't think it could just happen. After all, bitcoin is not a ponzi scheme that easily goes zero when it proves to be.

Currency failures have happened before, but I don't think it can happen to bitcoin now. Actually I strongly believe bitcoin can last indefinitely but if you have any doubts then stay away.

because people who invest in bitcoin are not just ordinary people but they are owners of famous companies and even investors are also the richest people in the world, so how will it be worth 0 even though the bitcoin market is currently bearish, after all if the price will be 0 of course my mother will sell his house and buy bitcoin with all his money

It's because bitcoin is too big to fall as this point, and even at it's early stage, it didn't went to 0 or at least close to it. And so as long as there are traders who are willing to buy and trade at a certain price, we will see a continued growth. If we look at it, to have 0 values, something drastic has to happen to the network or the internet itself, which I don't think will happen unless there is a huge disaster that will after us all.

Because there are people who're willing to exchange stuff for it.

Why there are people who are willing to exchange stuff for it? Easy: Because there are others who are also willing to exchange stuff for it.

What essential do these people find in a digital currency that makes them trade real stuff for it? Easy: Properties they can't gain in any other currency, such as privacy, less transaction costs, censorship resistance, divided possession, instant transaction settlement, but more crucially: Control over monetary policy. But these properties exist given that they collectively use it, and treat it as money. Only that way they can gain these benefits.

Although technically the value of a bitcoin can go to zero, there are several reasons why that's not likely to happen. To start with, it would be incredibly unlikely for the entire market to become worthless overnight. There's no single entity that controls the market, and there are over a hundred million active users in the 'market' at any one time. Therefore, in order for Bitcoin to be worth 0 at this point in time, there would have to be no active users on the market who would want to buy it. That's pretty hard to imagine, don't you think?

^Definitely right, probably if no one cannot access BTC and no one can use it it will probably become zero, with no transactions moving including miners. But that is impossible to happen. BTC has been there around and very few people use it, miners move transactions to have a reward, it is a cycle that BTC will move and have a transaction which is why the zero worth is impossible.
That is technically what we called the demand and supply, everything relies on the demand and supply which makes BTC becomes valuable.

As long as the demand for bitcoin is still high and that the bitcoin community is still active, then bitcoin price will never depreciate completely nor end up in zero value. Although a lot of times it’s even predicted as dead, but look at it right now, it’s price is still the highest compared to all crypto coins. So I am certain that bitcoin won’t never fall into zero, instead it will surge high and reach its new ATH once the market turns bullish again.

with the current adoption right now, we won't see btc with zero value. yes, technically it can go down to zero. that is, if there is no more traders interested on this market. however, with more than a decade of existence, it has already established its position in the market. and the current situation is telling us that the adoption is strongly supporting its presence in the market, hence, we're not seeing the horizon of it going down to 0 at the moment. as we further increase the people coming in, it means, the demand is also increasing, and thus, the value will rather increase not decrease.

And there you have it. Because of the reasons laid out above, bitcoin is almost certainly going to stay in existence for the foreseeable future. And if BTC does meet an unfortunate end, it will likely be slowly supplanted by a better version of it or by another cryptocurrency anyway. It is always possible that some new technology will come along to render bitcoin completely obsolete at some point in the future - but that is true for many things that exist today too. No one knows what the future holds, but it is more likely than not that bitcoin is here to stay for at least a few more decades. Besides, bitcoin has experienced several massive crashes in the past several years, and its value has always recovered significantly. Sometimes the recoveries have been slow, but they have always occurred eventually.

As long as Bitcoin still has a lot of interest and is still bought by day traders and long-term investors, then Bitcoin will not be Zero at this time and at any time.
Now think about it, why did Earth and Gold never become Zero? Even though there is a lot of land and gold in this world and until now it still has value and has never been zero. This is a short explanation from me to you, I hope you understand it.

So we have no explain something to you, but you can just postulate your opinions without any argumentation? Lol

But anyway, Bitcoin's price is formed by supply and demand on open market. For Bitcoin drop to zero, everybody in the world have to suddenly agree that it's worth zero. This is the realm of pure fantasy.

Bitcoin's price could drop dramatically is something really bad happened, like the underlying cryptography getting hacked. But even then there would be a possibility that it could be fixed and Bitcoin would still be worth something.

Bitcoin, just like everything else, can only be zero if nobody wants it. So the more curious question to ask is not "why can't Bitcoin be zero now?" It would be "is it possible that a certain point in time will come when nobody would want Bitcoin?" And perhaps it is even more interesting to know the possible grounds.

Now or the present time is not a question. So the answer to your question is simple. Just look at the price tag and it is enough to tell you that people at this very moment are willing to buy 1BTC at $19,405.50.

You're right technically Bitcoin could turn become zero, but does every Bitcoin holders right now are want Bitcoin going to zero? Nope. That's why Bitcoin price is still around $20K and the 24 hour trading are huge since many people really want to have Bitcoin.

Many people usually link Bitcoin to Tulip Mania, but actually both of them are completely different and Bitcoin wouldn't become Tulip Mania 2.0 as long as there's no technology can break Bitcoin security. Quantum computing isn't enough even though it's much more faster than currently we have.

For me, I think you can't Bitcoin now to 10yrs ago when its price was still at zero dollars because if you could analyze vividly well you will see that the reason why Bitcoin was at Zero dollars 10yrs ago was simply that it had very low demand to its 21million coins in supply, unlike today whose demand has massively increased across the globe causing a rapid price increase. So Bitcoin can not fall to zero dollars again because it had got high demand

Try looking at the coinmarket you can see the capitalization of bitcoin is at more than 400 billion, this is not a small number, you can think of something of such great value that it can go to zero. If you asked this question 10 years ago, someone would agree with you that bitcoin could go to zero, when bitcoin was only a few dollars but now that's almost impossible.

The reality is that the value of bitcoin and other assets today is created by human need, as long as people always have a need to use it, the value will always be created, once the supply is smaller than the demand, the value will be pushed up much higher.

Of course, people have different opinions, in my opinion, why is bitcoin not zero? because many people will buy bitcoins the price is more than zero,, just look at the bitcoin and crypto markets, such as in BINANCE, and so on, there are so many people who will buy bitcoins more than zero, some are even willing to buy bitcoins at a high price,, because they see great potential in bitcoin for the future.

Because Bitcoin needs resources (ASICs, electricity, locations and human) to keep the network running and to mine new Bitcoin. When there are inputs, there is cost of production and more than that, Bitcoin has many use cases so that it won't fall to zero and vanish in the air.

LightNing Network's sum of channels and sum of channel value just made new all time highs according to https://txstats.com/dashboard/db/lightning-network?orgId=1&from=now-5y&to=now

It might fall to zero but only if lot of things change. If things maintain like now or continue to grow more, it will only in value.

That's right, technically (or theoretically) the bitcoin's price could become zero at any moment. In fact, the likelihood of this happening is very, very small, as the demand for bitcoin is only growing. In order for the price to fall to zero, demand must fall, but this, as you can see, doesn't happen. Demand is fueled by faith or hope (call it what you will) that the bitcoin will continue to rise in price. Over the entire existence of btc, this is exactly what happened: this asset only becomes more expensive over long distances and is an excellent investment tool. This is what attracts people and creates demand for bitcoin from them. In general, you should not worry about a sudden drop to zero.

As long as there is a demand in buying bitcoin ... interest in bitcoin , the price won't go to zero simply as like that and technically the blockchain technology behind bitcoin has been live and backing many mainstream projects which even the price collapsed to 90% ... it won't go below 0 , it's just the nervous feeling caused by certain huge fall in price.

in fact bitcoin are decentralized and nobody can stop it unless its users decided to leave in an unexpected events like what the LUNA scandal did.

It would have also been nice if you could briefly explain why you believed that Bitcoin will go to Zero at this time or any other time. Why do we need to continually try to convince anyone that Bitcoin is your best form of any financial instrument especially fiat, because of its decentralized nature, all the negativity we have seen within the financial system (Banks and their Government) doesn't apply to Bitcoin, and not even mentioned the Investment upside as long as you know what you are doing.
Doing your due diligence wouldn't hurt.

because btc already has value/price
and demand has also,  gone from unknown to famous, to creating prices that vary (up and down)
can be 0 if btc has been abandoned by the lover (in this case who knows when it will happen)

It doesn't mate. The demand and supply of Bitcoin and other affecting factors which hatch rate doesn't really count are what really matters for Bitcoin price. And we should always remember that Bitcoin is a decentralized digital currency, hence no single person or group of persons will successful affect the price of Bitcoin.

It could go to zero but you will have to consider a lot of things.
Two of the important things are trust and reputation.
Those were not bought, it was planted and carefully nursed until it became a tree. Now the roots cannot just be ripped out anymore.
It's not like any other coin out there that made progress using the hype. Those are short-lived.
There will always be Bitcoin supporters and as long as there is, the value will be intact.

Logically, its price could fall as low as zero. Its market value is still something which is being controlled by demand, so if there will be no demand, it won't have a market value, as simple as that. But in line with the present, it is quite hard to think that its market price will stoop that low given how many people are currently using it either for investment purposes or transactions.
Abandoned or let's say prohibited to be used(which has a higher tendency to occur in comparison with people initiatively abandoning such currency). Prohibition could take place if and only if, countries would do so;they have the power as well to do such action but ofcourse for a reasonable purpose.

Because bitcoin can change the world. We already know how elite countries make people in other countries tormented by wars and economic crises. With the existence of digital-based bitcoin, everyone has the right to financial freedom without having to follow the authority of the world bank or still use fiat. Therefore, many people already believe in bitcoin and will continue to buy bitcoin wherever the price is no matter how expensive or cheap it is.

because bitcoin liquidity is very strong,
more and more users
that's why bitcoin price keeps going up and down,
and it will be very difficult to touch zero,
because investors continue to buy and sell effectively and regularly.

the roots of the tree have become many, where many people want to buy it, considering the lower the price, the more attractive it will be to buy, until there will be a Fomo that begins with whales taking part. and I think this kind of circulation will always happen, so it will be very difficult to go zero in price, even though it can happen, and if bitcoin collapses then crypto will collapse too

I see only a handful of unlikely scenarios where Bitcoin goes to zero. One is a sudden leap in quantum computing, rendering the current cryptography completely useless by making it possible to calculate the right keys within reasonable amount of time and thus open the wallets. Another is basically an apocalypse of human civilization (nuclear war, a pandemic that kills the majority of the population, etc.) when there's no longer global connection via Internet, people focus on the small communities where they live and on basic survival, not money nobody can touch. In other cases, Bitcoin can lose a lot of value if huge regulations come from big world powers or if somehow a coin that it truly so much better than Bitcoin becomes available, but it won't be zero. For something to cost nothing, it should be completely worthless to people, have no value for them. Bitcoin has much more value to many people, which is why even in bad times the price is still $19k.