Bitcoin Forum

Former deputy governor, BOE believes Bitcoin can drop to zero. I wonder what his opinion is at the moment.

"Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.

And what's the different between theoritical and practical drop to zero for BTC?

Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.

Theoretically yes since it happened already in some projects but considering the trend and the demand for Bitcoin, I think we will not see Bitcoin in that kind of level as this is already part of the financial system though as time goes by Bitcoin might be replaced by something and its to know what it is.

For now, better to enjoy Bitcoin while it is still there and make profit as well, the market is getting better and you should not focus on the negative side, be more optimistic and hold more Bitcoin.

When someone says that something can theoretically happen then they are mostly placing it on numbers for example when a probability to do something is extremely high in numbers  but there is certainly a number to get it done although not realistic they simply place is as theoretical possible but can’t happen in sooner future or even reaching that numbers seems impossible.

I wouldn’t brag about bitcoin here but Jon Cunliffe doesn’t know what he is talking about seriously, the only time a thing gets to zero in price is when it is worthless and not in use again, if this was to be a case then bitcoin wouldn’t have persisted this years. Bitcoin can only get to zero when people abandon it and don’t use it Again, do you think people will throw away there bitcoin which they purchase currently with such a high fee? I strongly doubt not when people are already treating it as an investment, some even have retirement savings on it. I think bitcoin is just like the precious metals we have I don’t think will be worthless, even so not in a bear future now maybe years after mining has even ended

I mean, sure, theoretically anything can happen. We could face a nuclear catastrophe, our sun could go supernova, or an asteroid could collide with Earth and wipe out all life.  Or, Bitcoin could just up and tank to nothing someday.  But realistically that is not happening anytime soon.  For BTC to completely crash, some wild stuff would have to go down.

For bitcoin's price to reach literally zero, there would have to be literally zero buyers. Like, literally people should be dumping with zero bids all the way down. If you think that bitcoin can get to a point where that certain bad of a scenario can happen, then I sure I guess.

Yes, it can, but that will only happen when the world is finally over, when humanity has finally disappeared from the world.

Secondly, it can happen when every exchange has collapsed and there is no longer a market for Bitcoin, cryptocurrencies, or any blockchain asset.

I think bitcoins chance of going to $0 is much lower than the stock of a publicly traded company. Look how many companies go bankrupt and they have pretty close to $0 a share valuation.

Since bitcoin is not a company it can’t go bankrupt however it’s possible some bug could be discovered or some exploit and cause someone to print 1Billion bitcoins and market sell them all, this actually happened when Bitcoin was new but they forked and fixed the issue, I think satoshi was working on it when it happened.

So it’s possible but not likely.

Exaggerated  but correct  because The humanity will be zero for bitcoin to go zero value and even how  we look at it? bitcoin will exist and have value forever.
exchange will collapse when people stops using them and for that to happen people must stops using bitcoin also so that is the consequences and the only possibility to happen for bitcoin reaching zero value.

Try offering your bitcoins to isolated residents of the Amazon jungle today, they will charge $0 for it because their bitcoin literacy is also 0. ;D

I see you are even more exaggerated than what Dr.Bitcoin_Strange said. To be fair, bitcoin or gold can both become worthless and whether that happens or not depends on human needs. If we find something better than gold or find a large amount of gold or we create a currency that is better than bitcoin...then maybe we don't need them anymore, anything can happen. But that's about the future while we're living in the present, so let's enjoy what's happening now instead of thinking about things in the distant and unclear future.

The chance of bitcoin price dropping to zero is very slim. The only way this can happen is if government in all the countries ban bitcoin, and there will be no one using bitcoin again because what controls the price of bitcoin is demand and supply.

Apart from this it is impossible. There will be no disaster that will happen on earth that will wipe out human race as God will not allow that to happen since we are his hand made.

However, if a new technology comes out in future, that gives better potential than bitcoin, it might likely happen as people will dump bitcoin for it.

To the best I can explain this – theoretical is idealism while practical is realism/reality.

If you believe in practicals you won't be bothered with naysayers, honestly. If I knew what I know now, I wouldn't have make some school boy errors I made in the past by adhering to what supposed "crypto experts" and influencers said. So, the question to the exwhile deputy should've been what would make Bitcoin go down that abysmally to zero. For me, without anything concrete from these naysayers as evidence they will just be wasting their time attempting to blink in a dark tunnel.

Practically it is cannot possible. Let me give you a short example which will easily solve your doubt. The reason for which Bitcoins cannot go down is that, as soon as the price falls, people will try to accumulate the coins. For them these rare coins will be available in cheap, and hence they will buy as many as they can. In this manner the demand to accumulate the coin will increase, and as we know that Bitcoins are limited in number, hence in order to fulfil the demand the price will go up.

OP's question can be said to be a difficult question to answer, maybe I have read and seen the question about Bitcoin 'going to zero' many times, but I haven't found the right and perfect answer, it always leads to the scenario.

For example: as I read and know.
Resources. (https://www.thetimes.co.uk/money-mentor/investing/cryptocurrency/how-high-could-bitcoins-price-go#:~:text=It%20is%20very%20debatable%20as,if%20it%20was%20going%20to.)

That's what can be answered for now, regarding the OP's topic, the conclusion is that there is no answer that can be certain, it may or may not be.

Theoritically yes,  practically no - at least not in this century.
Some said it might happen because in the future a Quantum Computer will be able to crack Bitcoin privkeys, nah it can be solve by migrating to a new chain with stronger encryption or make the chain resistant to certain threat.
In the end, BTC chain will be always able to adapt.

That is the former deputy governor opinion towards BTC and his opinion can't make the price of BTC to come to reality for the price to dump to zero level which will not be possible at this stage the price of BTC gotten to in the market. Don't forget that some politicians use their prediction to deceive some people some time but if you are not careful, you will be avoiding BTC base on some of the negative things they told you about BTC.

Theoritcally or practically, don't expect the price of BTC to dump to zero before you can buy and hodl, because the way you sound right now show that you have interest on BTC investment but the words of your former deputy governor is driving you to unknown destination that will make you to miss your opportunity when the price of BTC hit back $69k.

No...! I will assume the former Governor doesn't like bitcoin, if he is pro then he will say otherwise.

Theoretically it might happen to zero price but not sure especially with large volumes, but practically bitcoin is still strong and difficult to dispose of especially now that it is traded at a high price.

So I say don't believe bitcoin back to zero.

Don't confuse your mind with other people's words that have theoretically been said without any consideration :D. Actually there could be two reasons why he said that, the first is because he really doesn't like Bitcoin. And secondly he probably doesn't have much money to buy more Bitcoins so his mind becomes confused and says things like that so that other people will think the same as him, so that other people will make comparisons and will confuse themselves for no reason.

Of course everything can go to 0 in crypto. But the thing with BTC is that it's too big to fall right now. I mean it has the consensus support of the majority of crypto enthusiast, and the question is, at what event will it go to 0 though?

We have the pandemic in 2020 wherein it's global, but we didn't see BTC going to 0 although it went as low as $3k but bounce back that year and we even have a all time high at 2021. So I would say that don't believed such statement. Perhaps those kind of individuals have some narrative behind why they want BTC to drop 0. But majority here will agree that those scenarios are unlikely.

Yes it's possible if no one would really use it anymore but everyone has their own opinion and he's not just that fond of Bitcoin. There's nothing confusing in it, he just share his opinion that there's possibilities that it may drop to zero but right now it's still trading so you basically can see it's still on $40k.

it is very unlikely that the price of bitcoin will fall to zero. if that happens there will be a big shock in the world of crypto currency. aka the world of crypto currency is finished, no one uses it anymore, it's called crypto currency, whatever the name of the coin. everyone will not believe about crypto currency this mean crypto currency end and finish.
no more crypto currency

Now that an ETF was made possible I don't think we may see that scenario to happen unless anyone uses it no more. Even these days lot are still doubting Bitcoin and most of those who already know it but did miss the train up to this day really did miss the huge generational wealth they could accumulate. But, it's not that late to the party, I think 2024-25 will be a huge year for those who will join.

That is exactly right, we can never really know what is going to happen, we can all assume or make predictions but that doesn't mean that anyone really knows, that is just not the way it works. I believe that it is going to be quite tough for anyone to have anything that would predict anything.

We need to just realize that it is going to be a tough deal, and we need to end up with some trouble if we do not know what we are doing. So all in all, I do expect it to go unsure until the end of days. If it ever reaches zero, that is when we learn it could reach the zero level, and if it doesn't then we have no idea and we can't really know what is going to happen. That is just how it is, we can't go beyond that at any given moment.

Possible? I'd say no, impossible these days.

Why?

How about those Bitcoins that have been lost forever, let's say someone took all of the circulating supply of Bitcoin just to control the volume and there will be no more buyers and sellers.

Will it be zero? no, there's still price in it but the problem will go with the liquidity and not with its price.

Theoretically, anything can happen, that’s what the theory is for. But in practice, this is a completely different matter. In order for Bitcoin to fall to zero, all that is needed is for all exchanges to abruptly stop trading and hundreds of thousands of traders at one moment agree with this and come to the conclusion that from this second it no longer has any value.
This is why I think that this is practically impossible, because at the moment there is no such event, even in the near future, that will force everyone to abandon Bitcoin and drop its price to zero.

I mean... I wouldn't say "impossible", because we are in a world where even the strongest stocks, gold, dollar, anything you can think of can go to "zero", even if not like exactly to zero, it could be very low. But, we all know that just because there is a mathematical possibility of it, doesn't mean that it is going to happen, that is not how that works.

I do agree that the possibility is near zero, and it is just not going to happen and we invest accordingly, but that doesn't mean that we are going to end up with just a sure information or data that backs that up. It is not impossible, but it is as unlikely as anything can be, this is why we just do not consider that as a possibility anymore and look for something else.

Seing this thread, you can't expect an ordinary bitcoin investors that have invested truly in this digital currency to assume something like this, bitcoin cannot go to zero, look at the present worth of this digital currency and also consider the way it will take to come down to zero as you have proported, you can see that it's a way too forward for something that is above $40,000 worth of value to come down to zero.

The reason is just because there are still a lot of users so it's not easy for Bitcoin to go to zero and I think that's also quite reasonable apart from other reasons such as the arrival of the apocalypse. And through other things it can also be analyzed, such as the loss of internet for all areas which causes everyone to be unable to access wallets and important websites that are needed. Because this can also allow Bitcoin's value to disappear because no one else has access to the surrounding internet network with any disruption.

1) IT can also theoretically raise to $1,000,000 or higher.

2) "If some mad genius develops mathematics yet to exist the 256 bit code could be solved in under a second." In fact it would look like magic to those with out the access to that new math.

But going into that world is much like saying someone could figure out eternal life  or levitate or resurrection.

BTW if someone figures a new math that allows cracking codes easy peasy they would be in great danger and may simply decide to let no one know what they can do.


They may just go to an early block address like this one and take the coins.

https://blockchair.com/bitcoin/address/17abzUBJr7cnqfnxnmznn8W38s9f9EoXiq

it has over 50 coins which is 2 million

The only times Bitcoin will get to zero is at the point where it is no longer used by anyone and probably turned worthless that's the only time because even when Bitcoin was first lunched it was done at a price (value) so these statements for me I see them as mere assertions and like he did said theoretically and practically which means he's looking at it from two perspective, with one it's possible and the other it isn't. Theoretically is more like on paper which entails that such really doesn't or may not happen in reality but practically will means when Bitcoin has successfully been replaced with something else and Bitcoin seizes to have value and such is something we are not expecting anytime soon.

It's more better and safe to utilize the opportunities the market avails you now than trying to focus on the negativities around it as it will only distract you from making good yes opportunities in the market, I see all those as speculative criticism which we shouldn't focus on.

I mean, there's no need to be confused.

You can go down to zero. You can also go up to $100k. Talking about Bitcoin's price dropping to zero is not now because now what needs to be discussed is the opportunity for Bitcoin to reach a new ATH price.
Jon Cunliffe only said it could happen and Jon Cunliffe could not provide a definitive analysis both theoretically and practically.
You can also tell friends as Jon Cunliffe said if you have the analysis and ability to convince them.

Bitcoin can drop to zero if it will die - meaning everyone would stop using it, or it would become unusable. But it's more likely that Bitcoin would just lose over 99% of its value if people would lose interest in it, or some major flaws would become uncovered. Because it's actually quite hard to lose all value, even beanie babies still have some value, but it's nothing compared to their peak.

So saying that Bitcoin can go to zero is not a good critique, but saying that it's fundamentals are not clearly understood and the future is not certain is a far better critique.

Bitcoin would go to Zero!
Bitcoin is dead!
Bitcoin is over!

If we do really just tend to look at on how long those sayings in form of list then it is really that long
but look at on where we are now?

Try to check on how many times Bitcoin died.

"Bitcoin is Dead" Declared 400+ Times
https://99bitcoins.com/bitcoin-obituaries/

When it comes into these kind of sentiments then its not really actually that new or shocking anymore specially into those critics.
They would really be always having to say, some are real opinions and views and some really just trying out to manipulate
on which they do really like to buy up Bitcoin in cheaper and this is why they would really be trying to make those price do go low as much as possible.
Its not something new into this market.

No transactions, no trading, no mining, no adoption – it all allows bitcoin to become zero or worthless. Imagine something bad that could cause the 3 things above to happen – but in the near future, it's all just a dream.

In the last decade - bitcoin has gained so much exposure that it has been adopted by several countries. Bitcoin is a currency that is getting more and more attention every day - not only are certain individuals or groups interested, but governments are also starting to get interested in this industry. What he said is theoretically correct - but in reality, the bitcoin and crypto industry has grown rapidly and will continue to grow.

Can gold's value drop to zero? Yes, they can if everybody in the world has enough gold and nobody needs to buy gold to get it. This is possible with gold because it has an unlimited supply we just don't have the resources to mine all of it. With bitcoin it is not possible as it has limited supply so there will always be a supply and demand factor in the market. Its price can drop drastically, but its value dropping to zero isn't so reasonable to think of. There is a way to drop bitcoin's value to zero and that is by making it inaccessible to the world. Is this possible?

The recent decline was triggered by several factors, sometimes the illiquid market makes BTC experience an unexpected rise or fall in a short time, but if there are practitioners who justify BTC's rational drop to zero for BTC, it is not possible because BTC is still very young. So , the move that we're seeing now is a very big step into what I see as a growing market. Not a specific suggestion or invitation but wise continue buying BTC and use the method you enjoy most while the price is still good enough today for you to add to your portfolio.

Not only with bitcoin but also gold, silver, diamonds...everything can drop to zero or become worthless, everything has risks and bitcoin is no exception. But once you have invested in bitcoin, you should have absolute faith in it, don't let other people's words shake your faith. And if you don't believe in bitcoin, it's best not to invest in bitcoin. Everyone is enjoying what bitcoin brings us, so it's a waste of time to worry about things that are very unlikely to happen at the moment. Maybe one day in the future, people won't need bitcoin anymore, but that won't happen anytime soon so you don't need to worry about it.

Let me advise you not to listen to these fiat guys when it comes to Bitcoin and cryptocurrencies, they spit heresy and will continue to do so because their ideology can never be in line with that of Bitcoin. So instead of letting them discourage you, you should rather avoid them outrightly. It is all the discouragement that they spat until now that Bitcoin continues to be adopted, rising and waxing stronger than before, and we all know the recent development that people are all happy about in respect of the ETF, so what else? All I know is that Bitcoin will continue to shame them. Bitcoin is a good asset and though it is not supported by any physical things, people's money is enough, as the physical things that other assets are being supported with would also be nothing if they were not backed by the support of people or the people who value them with their money and demands.

Also, it is practical that Bitcoin cannot go back to the zero level ($0), for what reason would it be relegated to that level? Even if Bitcoin has issues, it will move lower and still be stable over time, and there will be some investors that will never sell their coin, so it will never go to zero level ($0) again, but can still drop to a level that is below $1,000, especially if many top countries announce their ban on cryptocurrency. It will be very devastating, to say the least. Lastly, do not let anybody use grammar to confuse you, there is nothing like the "theoretical" in the market decision/reaction, and it must be practical before it is real. Or else, they are only imagining it in their minds, and who cares?

You need to understand he meant theoretically not practically at the moment, theoretically everything can go zero so it's.not a big deal but if Bitcoin has to go to zero there needs to be so mean development around it like there shouldn't be any buyer or seller and all the traders or miners should disappear only then it would happen and we know we are not going to witness it because nothing as such will ever take place in the near future. Need to stop worrying about such well orchestrated fuds.

Bro don't go for theory there is lots of theory in our world those are actually bullshi*t. So always be practical and believe on the fact. There is lots of people those hate Bitcoin for their own interest but that doesn't mean that Bitcoin will be scam coin it's not a allt-coin. The mining of Bitcoin still running and I don't think we have to worry about Bitcoin in the next 150 years. So till now there is no question that Bitcoin can drop to zero

This Jon Cunliffe guy is talking about theoretical and practical 0 USD Bitcoin price, but he doesn't explain HOW this will happen?
What force could bring the demand for Bitcoins down to zero? Is it going to be a mass government ban or World War III?
This seems like another mindless FUD about "Bitcoin having no intrinsic value, so the BTC price could possibly drop down to zero".
Theory is theory and some theories cannot happen in reality. The BTC price could "theoretically drop to zero" in some weird financial theoretical model, not in reality.
 

Everything could happen, even Apple shares could drop to 0, if no one uses the product.
the same thing with bitcoin, I see that there are more and more users so the possibility of bitcoin dropping to 0 is getting smaller.

We are all taking risk it will be right you know that anything could happen at any time, only that there are certain things that their possibility of taking effect is just out of context even though it could still happen.

But for bitcoin to go down zero level there are things and people that must have gone into extinction the entire users (community) of bitcoin, however I will just assume this news to be one of many FUDs we have always encounter in this crypto industry especially on bitcoin.

Far harder for that to happen.

but for BTC to zero out it has to be effortlessly pulled from any wallet and we would have bigger issues.

For gold to become worthless humans would need to have zero access to electrical power.

Gold is the best material for power. So if it dropped in price to be under copper it would be use instead of copper for power.

If it drops in price under aluminum it would be used instead of aluminum .

BTW aluminum was more valuable than gold in the 1800's as it was harder to produced than gold.

To op BTC will have value until cryptography becomes as easy as 1+1=2

The British pound can drop to zero, did anyone ask him that question of possibilities.   His answer if honest would be of course a piece of paper can revert to the simple thing it is which is just a note promising an exchange with no fixed worth so that worth can be zero.   Bank of England already realized a loss of nearly 99% of its value, he is a bit late to the party to say others can lose 100% as if he stands on a record of clear superiority.

Theoretically...
Man can travel outside the Solar System, Earth can be destroyed, extraterrestrial smart humanoids exist, and so on.
Theoretically there could be a global nuclear war, or a solar flare could turn off power and stop all electronic communication.

Bitcoin will not go to 0 as long as there's even a single buyer willing to get it at the price of $1 and I personally know people who would buy it as long as the protocol works. If there was no way to send bitcoin, blockchain stopped working, there was no miners, no nodes, I wouldn't buy it, but try to convince all these people to sell at a loss. Tell a million people that they should dump their mining equipment and theirt bitcoin and be miserable for the rest of their lives, knowing they were building and participating in this ecosystem for nothing.

That's my answer why I'd say it is impossible. It can go very low but not to the point that's going to be zero. And as for Bitcoins, there have been lost forever for which that there's a retained value for each of those and that's why there's still value even if the entirety of what people may think of it as zero.

I'll just replace it with an unlikely or highly unlikely.

For which that can justify the proof and argument of what you've said that I agree.

Bitcoin is now popular with people in almost all countries. I hope all transactions can be done through Bitcoin in next ten years. Bitcoin has become very popular. Hope it can be better in future. Bitcoin will never go to zero. I think Bitcoin.  If it ever drops to zero, many people will suffer huge losses.

Right, anything can happen and bitcoin going to zero is no exception, but with what is happening, bitcoin going to zero has a very low probability and is very unlikely. Life is full of surprises and the future is something no one can predict. So it would be an exaggeration to say that bitcoin will never go to zero, but it would also be silly if we didn't invest in it to make a profit and wait for it to disappear. Everything has risk and the choice is everyone's, in this world nothing is certain or absolutely safe.

It's possible but look at where it is now. The support from a lot of investors, hardcore Bitcoin fans, and now they are putting Ordinals in Bitcoin chain. Will it happen in the near future? I doubt that. But again, it is possible.
Maybe what you read is just scattering FUD and you will see more of that as Bitcoin keeps on rising after the ETF approval. There are still people who are pessimistic about Bitcoin and you cannot take that away from one project. There will always be those who are against its technology but the number of supporters are higher than them. They are just trying to shake the belief of those who are into Bitcoin.

Indeed, the former deputy governor of the Bank of England suggesting that Bitcoin could hit zero is quite an intriguing notion. It really makes you ponder. Can the price drop to zero when, as of today, Bitcoin is trading above $40k.I see it as a strategic move—publicly downplaying Bitcoin to potentially accumulate more at lower prices))) So many statements can be read many times; you need to have your own head on your shoulders. Tomorrow, there might be a new statement from these people with a different opinion ::)

It is really that hard to think that Bitcoin could come to zero specially now that adoption and recognition is really that gradually spreading throughout the globe. Somewhat there are really places or corners of this world on which it do prohibit on using up Bitcoin due to some legal issues but now that we've seen that ETF's had been approved then it would really be that hard not to have those kind of positive feelings towards it considering that its never been that something been expecting to happen in the first place. No one had really that anticipated about ETF approval but somewhat having this does have that its cons too.
Well, it doesnt matter as long recognition and adoption is really that getting higher and higher as the years passing by on which this is something that we do really need on.

Bitcoin going to zero is impossible for me, when there are still many people buying it then the price will remain there. In theory it might be possible but in my understanding it is not possible.
There is a lot of news spreading FUD where bitcoin will reach zero price, it is said that there are no takers, this coin is said to be rubbish and that is said by people who don't like it, they prefer fiat so they say that.
Fud news will never go away, it will always appear to corner Bitcoin.

If he used the word "They", I'm pretty sure he is referring to altcoins and we all know that altcoins do tend to have such natures, and many altcoin projects have gone to zero and we call it a rug pull where the developers dump all their tokens on the market and run away with the funds while other holders get no liquidity to sell their assets and the project dies at that point. He can't refer to Bitcoin using that word, and he can't say things like that about Bitcoin if he has at least a little bit of knowledge about it.

And since he also said it could theoretically happen, it pretty much clears the meaning that even he knows that Bitcoin or all of the cryptocurrencies could never go to zero all of a sudden unless every single cryptocurrency user in the world stops using cryptocurrencies all of a sudden, there would be no transactions, no buys and sells nothing, but that doesn't sound realistic which is why he used the word theoretically.

I think all these your thoughts is very possible because there is one constant that doesn't ever changes and that would be change itself, everything is possible but yet impossible too like you have stated the value and demand for Bitcoin now has made it impossible for the price to drop that low and also their is the fact that it's nature of decentralization makes it different from all other crypto because centralized own coins market value can be altered by different scandals targeted at the owners of the coins but with Bitcoin it's different cause no one owns it or for a fact the owner is actually missing.

It is true that thanks to its decentralized nature, the scenario of bitcoin losing value and falling to zero is much more unlikely than other projects. But ultimately, the value of bitcoin depends on our supply and demand. So if we can create a project that performs better than bitcoin and our need for it disappears then it is entirely possible that bitcoin price could go to zero. Many people are confident that no better project than bitcoin will be created in the future and they look at current altcoins to evaluate. But I don't agree with that point of view because the future is unpredictable. Just like no one would have thought that Satoshi could create a decentralized currency like bitcoin until it was created.

Would really always depend on the demand and recognition on which we know that this one would really be that determining about into its price but we do know that when it comes to other factors then this is where
manipulation  could possibly effect in overall movement on which it cant really be avoided that dumps and crashes is really that possibly could really happen into this space.
Bitcoin can go drop to zero? Anything could happen into this market on which there would really be no assurance when it comes to future but currently seeing on how known and widespread Bitcoin is
globally then we can really tell that it is really that have huge potential.

This is why it would really be that important that you should really just invest on the amount on which you can afford to lose and never ever make yourself having that all in thing.
People do usually wrecked up themselves on the time that they would really be going all in and anticipating or expecting that much.
They do forget about that risks factor thing.

It's not just about how many people will suffer or experience difficulties when Bitcoin goes to zero. But it will also be researched as best as possible why it can become zero when Bitcoin's popularity has increased over time in every year through whatever means, I don't think that Bitcoin will become zero as long as there are still many transactions taking place among the public through any exchange.

And as long as the level of fame continues to increase in society in all countries, it will make it difficult for Bitcoin to return to zero again in terms of value and price. So this is very simple for everyone to understand and feel based on the evidence that we have seen together. on many media and also on many exchanges that are often used by crypto traders and investors themselves.

Why is there always a stupid question about bitcoin will reach ZERO price, even though since bitcoin was created bitcoin has never touched ZERO and it never will. seeing the growing bitcoin and crypto community ZERO will not be a downturn that will occur. But this question always remains, is this some kind of Soft FUD or just asking what the effect will be when Bitcoin reaches ZERO. Don't think about ZERO, but think about the new ATH that Bitcoin will reach soon.

There is a reason why bitcoin will not reach zero because something strong will be much more capable of maintaining its value. Bitcoin has become so widespread in terms of adoption that many companies and individuals have seen the impact of its presence in influencing the financial system. A strong background regarding losing value is impossible because bitcoin is not a global currency but an alternative and to hit bitcoin to zero there is no strong and clear representation.

Only some people are worried about how the value will become zero and what Bitcoin has provided actually shows how strong Bitcoin's journey is in a market full of obstacles. For example, the case of Covid and geopolitics and even though it affects Bitcoin, it is only temporary, while in the long term we still see an ATH process that may occur in the future period.

You guys will not cease to amaze me, well, we learn daily, and maybe you will educate me today about Apple company. When did Apple's shares drop to zero ($0)? This is so strange to me because even if anyone does not have any interest in the company again, not some key people there who are die-hard people of the company. For this, there is no way it will drop the zero ($0) unless they do not want to have a single dime in the company they form.

As I wait for your response, I also believe that Bitcoin can never, I repeat, never drop to zero ($0). Do you know why? It is because it is not possible for everybody to move out their money out of it. There are categories here, and some people will always still believe that the coin will resuscitate and will not move their money regardless the condition and the sentiment of the market, while many will want to move out their money but there will not be any way to do that because people will not be willing to buy what they want to sell.

This will surely keep the price of Bitcoin afloat at certain lower levels, but definitely not zero ($0) price. Fine, the price of Bitcoin can fall, especially when there is news that causes so much fear, for instance, if the government of the world just stopped allowing Bitcoin, or worse. These can cause panic selling in the market and will lead to huge dumping of the coin to lower levels. As you can see, it will cause sharp drops, but still, it will only later stabilise at certain low prices, but certainly not zero ($0).

Who's this guy and what have he come  in proposing bitcoin will drop to zero when he has no even knowledge of what is this.
Theoretically dropping to zero but the question is that, will this be   happening as we believe this is not going to happen mate.
and also if you wanted to listen to that same person then you'll be leading to not so better idea because if the price even growing
strong over the years for 13 years now then where in the world that zero value will happen?

Well, I think what the OP wants to say and what everyone means is that bitcoin can also plummet and can become useless. What everyone is talking about is that the demand for bitcoin may disappear, and when the demand disappears, the value of bitcoin will also disappear. And that is completely possible, anything can happen, bitcoin or apple shares are no exception. Maybe it won't happen in our generation, and we don't have a crystal ball to know the future so don't be sure of anything about the future.

I myself do not believe bitcoin is becoming useless, people say the demand is not there, then the value will disappear then who will leave bitcoin? No everyone wants financial freedom they prefer bitcoin.

Precisely in my own mind where the further bitcoin goes in the future then it will be special at a high price, isn't that so? I see in terms of development so far then the future is not much different.
We know we don't have a crystal ball but don't be skeptical of bitcoin.

If we do speak about the future, then there's no way that we could really be able to tell on where it would really be going and on what are the things that could happen along the way on which there's no assurance
that it cant happen because we know that the main factor on which a certain project would last is into its community support, once this thing would gone then it would be over for Bitcoin.It is really just true that believing into this thing to happen is really that hard considering that Bitcoin is the father of all crypto. It might be having those flaws or having those kind of issues or problem technically
but it does still work like a charm.

You would really be always having that choice whether you should really be sticking into it or not, It would really be that definitely be that depending on you
depending into your risk management and choices whether you should really be proceeding on or not.

I agree with you sir, the thoughts that the OP expressed are thoughts that often came out in the past when bitcoin was still very difficult to access and only a small percentage knew about bitcoin, those who bought thought that bitcoin would become ZERO and would no longer be worth a few dollars At that time, their mistake was being skeptical about Bitcoin so they were indifferent, but time and developments have changed, everyone is talking about Bitcoin and demand is growing every year, and we can see from the ATL which is getting higher every year which proves that there are more and more strong holders.

It would be too stupid if you were skeptical of bitcoin during its development, we have not yet reached 10% global adoption of bitcoin, institutions have only entered recently. New bitcoin horizons look very wide every cycle, so how can that thought come and make someone doubt bitcoin.

Sometimes this is funny to understand because the fact that is visible and has been happening in Bitcoin for more than 13 years is that there is always an increase in price after a correction. This means that offering a price when buying Bitcoin is a sign that it will be very difficult for Bitcoin to go to zero, unless it is just through the empty mind of someone who currently doesn't know what to think about Bitcoin :D. So I would also really agree that everyone doesn't need to hear ridiculous thoughts like someone said to the OP.

Leave as it is as it was also his point of view about bitcoin. But for crypto enthusiasts, we all know even if bitcoin drops to zero value, it will never settle on that but will surely recover again after some time. Although I still can't imagine if bitcoin will reach that point, but one thing is certain, as long as there are still who buy and sell bitcoin and continuously doing it, bitcoin value will never be stagnant but will continue to grow and reaches new all time high as much as possible.

A lot have been telling that bitcoin is dead and will end up going back to zero value, but I think the opposite thing happened instead. The more people question the value of bitcoin, I guess the more bitcoin will prove to them that it's value will always be worth and valuable.

I am not closing doors that in the long run, bitcoin will still end up with a zero value and might be replaced with a new highly potential coin but it will only happen if there are no active bitcoin buyers by that time that will make its price unable to grow and become stagnant instead. If that happens, the crypto community might have abandoned bitcoin already and just leave its price resorting into zero value.

Before bitcoin, everyone was focused on gold, but then bitcoin came along and people started talking bad about gold. Satoshi was able to create Bitcoin in the face of everyone's doubts, which means that in the future it is entirely possible that someone else will create something better than bitcoin. I don't doubt bitcoin but that's how our world works, our world is not stopping but is growing very rapidly. But like I said, that probably won't happen in our generation, and bitcoin isn't going away anytime soon. So we have nothing to worry about.

I guess even the most successful investor in bitcoin these days is still open to the idea that bitcoin will eventually become useless in the future which might drop its value into zero. Truth be told that there’s no innovation that exists forever, people will always find something new relevant and become the apple of their eye, and eventually leave bitcoin into its non-usage.

It might not be possible this year or in the next year, but certainly, when there’s a better version of bitcoin that will come, the old version will definitely be forgotten. Even Satoshi was already aware of that.

Yes, nothing is eternal in this world. Bitcoin could drop to zero and lose all its users, but not now. There must be something big as a definite reason why bitcoin has become zero, without that reason then bitcoin will always be valuable regardless of its value. Adoption is currently increasing day by day and year by year, so in the short term, bitcoin will not go to zero.

As long as mining is alive and the exchanges are working, nothing threatens Bitcoin. Even if it falls to zero, it is unlikely that we will be alive by that moment. Each halving, the demand for Bitcoin only grows and there are correspondingly more holders, we can safely say that in the next five years we will not see the decline of Bitcoin, it will be a very valuable and scarce asset, there is no doubt about it.

Anything could happen in theory including the price of Bitcoin going to 0 from the current trading price of $41,339. This could happen even more if everyone is no longer interested in buying Bitcoin in all markets that trade it. If that is done today, then today within hours the price of Bitcoin will decrease to 0.

Bitcoin is for people who already know about it, so as long as there are people selling it and as long as there is the ability to buy it, then they will do it.
People who don't know or have never even heard of the name Bitcoin, maybe when it is sold at a price of 0, they won't want to buy.

The governor who believes the price of Bitcoin will be worth 0, in my opinion he has a unique mind that is not the same as the thinking of the people he leads.

Hahaha, so you still want to find an excuse for him even with the clear statement that it can get back to zero ($0)? Even the Apple company remarks? Well, I think the guy made himself perfectly clear and he didn't mince words here, you can also judge through his confidence in writing. That is why I pushed a question to him but he is yet to reply to me, that's if there is anything at all to reply. If it is as light as you said it, everyone would know that, who didn't know that stocks can fall and so as Bitcoin when something bad happnes, but the two getting to the zero ($0) level with the initial level of success is what I do not understand and that is what I would like the guy to still shed light into.

I am always open to learning and constructive conversation.

So far it is difficult to say bitcoin will go to zero if there are basically no extraordinary events that affect it. If bitcoin and its network become insecure and everyone is harmed by it, then perhaps bitcoin will lose a lot of its price and may go to zero.

But will that actually happen? I hope not anytime soon although we never know what will happen in the long term. Bitcoin and its network are still safe today and if someone doubts its future, then let them be with all their assumptions. But however, this is a risk that might need to be considered.

     -   Now that the SEC has approved the bitcoin spot Etf, its price in the market is even more uncertain. It is very impossible for that to happen because there are big companies that can buy Bitcoin for the allocation they want to make.

Do you believe that the value of bitcoin will drop to zero? Maybe no one who believes in the crypto community here in this forum believes in the topic we are talking about today in that regard.

Yes exactly no one can think that bitcoin price will ever go to zero because if the price of bitcoin become zero then every other coin will also become useless because every single coin is totally dependent on Bitcoin's Fluctuations.

The worth which is attained by bitcoin is impossible for other coin to attain and also no other coin is more successful than bitcoin so it is not true that bitcoin price can go to zero. And in the situations like this when the Bitcoin ETF has approved and also halving is near then the price will go higher instead of going to zero value.

I don’t know the person that made this statement but it is very obvious that this person is an enemy of bitcoin technology, he is confused but will still spread propaganda about bitcoin and sway away people from not investing in bitcoin.

If bitcoin price can turn to zero, we should by now already seeing signs of it but till date, it looks very promising to break boundaries beyond which we can think of. Many things are being anticipated for bitcoin this coming halving, why will it now turn to zero? This is just a baseless say without any fact to back it up.

Bring it up more wailers, but bitcoin will continue to strive irrespective.

Telling about becoming zero or having no value doesnt automatically means that it is really that against bitcoin technology on which these are also questions raised by to those noobs or who are really just new into this market on which they would really be that skeptical in regarding with their Bitcoin holdings or to their investment and this is why they would really be ending up on having this kind of question on which we do know that this is something that we cant really be able to avoid for those mouths on saying but sooner or later they would really be able to realize on whats the real deal. Theyll realize once they do
able to make themselves to learn up those necessary informations that would come up naturally or they would be able to encounter.

We've been here for a while now or simply being here a decade.When it comes to value then it would really be that questionable because no one could really be able to predict
on what are the things that could happen in the future and this what makes things truly that questionable and this is why you should really know on when to
to go with the waves in terms of investment.

I believe bitcoin has its own ending, but we still don’t know for now when it’s going to happen as we are still taking advantage on its current high price. But we all know bitcoin is not all the time on top of others, it will also have its own time to drop its price and see its value end in zero. Probably in the future it will, when people have found another crypto that has more potentials than bitcoin, so when it happens, bitcoin will lose its demand until it starts to vanish in the crypto market.

I really hope that won't happen to Bitcoin for decades to come. Back again to reality, if everyone who is now continuing to try to own Bitcoin from small amounts to large amounts, suddenly stops their activity of carrying out transactions, just letting Bitcoin settle in their wallets, then the price will not be 0, but very expensive.
I agree, let this unreasonable assumption persist in people who think the price of Bitcoin will go to 0. While other people continue to adopt Bitcoin every day on the remaining Bitcoin in circulation.

I thought there is no change? So why say it's possible? But for me, I think there is a change in anyone and also here in BTC. I don't only wish for BTC to go to zero because I'm still benefiting on it now. BTC is in-demand right now, that is because BTC is still performing well. Though what if it experience a problem that is difficult than before? That would make people to get turned off on using it. But, again I won't hope for it. I'm only saying that as an example. I think there are cryptos next to BTC which are also decentralized.

So, we are lucky that we still have a replacement the moment it disappears. There are BTC owners, and that is us and Satoshi the founder of it. We can also control or manipulate it in fact. But it's not as worse as the centralized cryptos.

No one wishes for Bitcoin to become zero, because if that happens then this entire community would really be freaking out on whats going on into this world on which it is really that hard to believe that
Bitcoin would really be dethroned by some altcoins on which we know that it isnt really just that right, but we know that there's no such thing on this world that couldnt happen. Everything could
happen and it would really be that depending into the communities decisions and support of course. If it tends out to fade away then expect that there would really be something
better that would patch up.

It is really just that as an investor or believer or crypto enthusiast on which it is really just that right that you should really know on what you are doing.
Dont make yourself do stick into a single investment but rather it would be always best and wise that you should really be having multiple.
Invest and diversify on which this had been always been recommended.

First you have to explain who he is and is he influential in crypto?
listen carefully, the price of bitcoin will not fall to 0, even if elon says this it will be considered a joke because it is impossible for the price of bitcoin to fall to 0.

Don't worry, it's not going to happen. There is too much demand for Bitcoin, therefore it's not going to reach zero price. Actually, when Bitcoin's price fall some thousands of dollars, there are already people ready to buy and push the price upside once again. Investors don't let the price crash too much, so it's definitely not going to zero. Bitcoin is too precious for that, and everyone with basic knowledge about modern economics and the future of finances is aware about it. If Bitcoin were so unstable and uncertain at the point of hiting zero value on the next day, I doubt there would be so many whales, businessmen, governments and even the wealthiest man on Earth worried about this digital currency. The potential is just huge!

Also, don't worry about altcoins, because so far none of them have conditions to overcome Bitcoin in dominance. I believe Bitcoin is free to rule for at least two decades on this market yet, although we need to be conscious nothing lasts forever in this physical world, as everything is constantly changing, evolving and adapting.

---

"No man ever steps in the same river twice, for it's not the same river and he's not the same man".

Are you agreeing with Jon Cunliffe? An end should be the time Bitcoin will die, if you believe this, then you are suggesting Bitcoin will actually come to zero. But why do Bitcoin have to die? It is difficult for me to imagine because as you can see, Bitcoin is even getting better with more people accepting it and investing into it.

Instead of worrying ourselves about when Bitcoin will come to zero, which I consider as fud, why not we concentrate on enjoying the good things that is happening with Bitcoin? Now we are expecting bull run before or after the halving, that is an opportunity to make some cool money.

talking about ending when bitcoin is just starting is something unethical for me we cannot even imagine what can make bitcoin die(super computer?) so maybe lets not talk about its ending instead we should talk about more growth.

we also have just ETF approval , and now we are near Halving and those are what we need to justify now and not bitcoin going to zero as its not really appropriate to tackle in our days now.

Like for real, his opinion does not matter on this, let him be a whale still does not count on affecting the price dropping to zero. The price of Bitcoin is affected by Demand and Supply, buying and selling, so as long we keep holding and trading Bitcoin we can never see the price down to zero we only get to see a severe dip.

Like you said demand and supply which in general means adoption. The more people accept bitcoin so is the demand for it and those who have bitcoin in their custody will surely release some for those who are in need because they will offer a higher price to buy. it. So, i hardly expect a currency with so such a high adoption and usage to its value anytime soon. Bitcoin is just getting started, this is because investment platforms are making it easier for people to invest in Bitcoin with ease. Starting from the Bitcoin ETF. Most investors investing in the Blackrok do not have any solid idea in bitcoin investment, but they trust the platform offering them the investment so what they care about is their ROI that was. stipulated.

I like this. You have so much conviction @Dr. Bitcoin_Strange. Have you thought about the size of the blockchain being an issue, because if more people adopt which we are certain that the population of bitcoin adopters will increase significantly from this year. So, the moment these new set of persons start investing in Bitcoin the transaction load begins to increase and causes longer time for transactions to be verified by miners. Don't you think people will prefer other blockchains while bitcoin will be losing value every day. Don't forget there are a lot of competitors out there who want to see bitcoin collapse.

I think as long as the person doesn't have a big influence on crypto, whatever he says won't necessarily happen to crypto, especially if it's about Bitcoin going to zero. Likewise with the words of people who are influential in crypto, as long as that is what they say, it certainly won't come true if Bitcoin enthusiasts themselves continue to increase every year. So it's better not to think about what other people say as long as in reality it is still difficult to happen and even more so impossible.

I also think like that, so I never thought that Bitcoin would go to zero as long as there was still Demand and Supply, buying and selling in the market. So there is no need to waste time and thought thinking about things like that if in fact it is not like that so everyone just needs to use every moment of their time to gain profits and other benefits through Bitcoin.

This can happen to many altcoins out there. But youre talking about the father of all coins, it can drop to 1 usd and will come back to its value again and again.

Let us believe OP was only trying to stress our brain to think of something that will never happen, dropping to zero means the end of Bitcoin. Even most Altcoins DIPs but not down to zero. We are still talking about a cryptocurrency with the highest adoption and marketcap.

It is normal for people here to expect impossible like what they know and what they do understand because many of us here have learned this over the years that Bitcoin is here to stay at least for many years more .
but knowing altcoins and bitcoins movement since then , I must admit that sometimes I have that thinking but never come to realized it will happen , dropping to zero meaning the end of the use of cryptocurrency.

The opinion quoted by the OP comes from someone that wants to inspire FUD on this market by talking about what it is theoretically possible, but if we were to talk about that with any seriousness then we should be scared about everything as in theory anything can happen, however if we are being realistic about this, it is very unlikely for bitcoin to ever go down all the way to zero, as I would expect that an asset that can help you to retain some of your privacy and move your wealth without any third party interfering will always have some value.

Maybe the Earth explodes with one of the planets and the world is destroyed, maybe I die today, maybe you go from owning $1 to owning $1 billion. So there are many things that can happen. Nothing is impossible. Maybe the price of Bitcoin will reach zero one day. But it is almost impossible to say when it will come. I think we may have to wait a long time for the price of Bitcoin to reach zero.

In my opinion, whether you think literally or theoretically, Bitcoin's price will never go to 0.  Because Bitcoin is a dream coin for the people of the world which obeys a restrictive rule. And it cannot be mined after the specified amount is exhausted.


But almost everyone wants to have some coins with him. Due to the increase in price, it is not possible for everyone to buy.  So when the price goes down, everyone will buy bitcoin and start holding it.  If Bitcoin is held more and more, the demand in the market will increase. Then as soon as the price increases, all the holders will start withdrawing their accumulated coins.  As long as this process exists in the world, the price of Bitcoin will never fall to 0.

I do not think that it would ever go to zero because anyone said anything. It doesn't matter if all the leaders in G20 come out and all say that they will ban bitcoin that could make it go to zero, down for sure, but not zero. What could make it go to zero is only technical stuff, like if someone finds a way to hack into wallets, then yeah it could go to zero, why would anyone want to hold something that would be taken away anyway, if people start hacking into cold wallets as well? That means it's all over for bitcoin.

We should consider the possibility that we are going to do fine, it is not going to be zero, nobody will crack into your wallet, no leader will ban it, it is just going to be how it is, a bit up, a bit down. That is until bull run and bear run, then a lot up and a lot down of course :D lol.

It makes perfect sense, really makes a lot of sense because Bitcoin is basically not controlled by anyone's words, let alone the words of people who hate Bitcoin so it is quite possible for it not to go to zero. Except for technical things like what you said, because technical things cannot be predicted or expected by everyone so they can make everyone give up Bitcoin before it is taken by someone who breaks into our wallets. So I will treat this as a very normal thing because on the one hand at all times there are always people who seek sensation with the words that come out of their mouths.

Yes indeed. An its most like even the most afraid gorvenments about btc are more inclined going to hide big embezzled money instead of try to ruin it.

Op you don't have to confuse yourself because BTC will not and never go to the zero level again and that should be an imagination from the former Deputy Governor. All those people are haters of BTC so they are all willing the down fall of bitcoin but it will not happen in any day. Instead bitcoin will be going up and up. Many people have done said but the price is soaring the more. Bitcoin has nothing to do with theoretically and in practically bitcoin is going up. Bitcoin only have bear and bull market and in the bear market is meant to allow to buy bitcoin for those who are ready to join the investment.

If you are just noob and completely having no knowledge and having no experience on how this market behaves and works then you would really be definitely be having that kind of assumption
that Bitcoin could really go to zero on which it would really be just that typical for a noob to have that kind of assumptions but once you do have that sufficient experience on how this market behaves
then you would really be definitely be able to make yourself that be confident that it wouldnt be likely for it to happen. There are really just those people who are really that good
when it comes to price predictions and there are ones who are really that good when it comes on having that control when it comes into their emotions.
It is really just that there are ones who do easily panic out on the time that they would really be having those kind of awareness on whats happening around specially if its negative on where
those worrying and fear would really be starting to show up.

Logic says that it will never be zero, there are arguments that it could drop, but not zero, even for historical antique and unique value of it is not like that. Even if it gets hacked somehow and the whole bitcoin world is over, you would want to own bitcoin to say you were in on it back in the day, so it would never be zero.

Some glass made in 1828 has no value more than a regular glass compared to today, you can buy one for a dollar if you want to, but those goes for hundreds and hundreds, it is collectors item basically, same logic applies here, bitcoin was a big phenom so far, and even if it loses all the momentary value, it would never be "zero". I think that is the most important thing and we should consider that when thinking about the price.

The value of Bitcoin will drop to zero, this can only possible when no one uses this coin anymore, i.e. everyone will stop using this currency, But,,! But,,! But,, currently Bitcoin is the most popular and most used currency, Bitcoin is The highest valued cryptocurrency, Bitcoin is called the king of cryptocurrencies. This currency will fall to zero, is it possible? I have never heard of such a possibility that the value of Bitcoin will drop to zero, and I don't think there is such a possibility. But yes, its value may decrease a lot or increase a lot, so can it ever be zero? Currently Bitcoin price is above 40k and it is going to make an ATH as big as 100k. So I don't think Bitcoin will ever drop to zero.

The biggest bears on Bitcoin I've read or encountered would say BTC is not especially valid as a currency but like anything even BTC has a price.  The fact I can exchange it with anyone in the world is hard to dispute they just dont respect Bitcoin is any more valid then say beanie babies or baseball cards.   Thats a big insult and ignoring alot of detail such as fungibility but the estimate such people place on BTC is 200 or a few hundred dollars per Bitcoin.  
  That was the real price ten years or so ago, maybe they are just out of date with all the events that followed and of course the great loss of value in Dollar.  My main response would be if it can be 300 then it can be 3000 or more, we dont have fixed prices any more and its hard to argue Bitcoin does not have sector growth etc.

When the world and humanity ends then everything will become zero and that time no one will think about bitcoin. When the world becomes over then what will you think that will there be any use of bitcoin to humans?

Bitcoin is also a part of crypto world so it is also a volatile currency which means that its value can be changed anytime so I think we should be mentally ready for such situations.

 From origination upto today date bitcoin show good and profitable effects therefore people are not agree to accept its volatile nature but it is reality that bitcoin is volatile and risky so everything can happen but still we are in good hopes about bitcoin success.

It is highly unlikely for btc to go to zero especially not at the level at which btc is operating. Because of the advancement in technology and the digital world, there is a need to have a digital currency to steer things right, btc will always find a way to survive and exist.
Btc serves different purposes to different people, while some take it as an asset and a safe haven, others take it as a means of payment and financial freedom. Something you can't find in fiat.
The very purpose btc serves will not allow it to go to zero.

Anything can happen theoretically haha. Yes absolutely theoretically bitcoin could drop to zero. That would involve everyone in the world deciding they don't want bitcoin and every single person stops buying.

Any investment can theoretically drop to zero. The practicality of bitcoin dropping to zero....well thats about the likelihood of waking up to find Apple is out of business tomorrow. Speaking of which, any stock has a much much higher chance of dropping to zero than Bitcoin, because Bitcoin is a currency owned by tens of millions of people and rapidly growing based on its fundamentals, while stocks involve the company staying in business and any company can go out of business if it starts failing to compete.

So its kinda of silly to say Bitcoin could drop to zero when its less likely to drop to zero than any stock which are considered "safe traditional" investments.

Also theoretically bitcoin could go to a billion dollars, and given fiat inflation over time, thats far more likely than it ever dropping to zero because reaching a billion dollars is simply a function of time. Doing the math, if all bitcoin did from here on out was keeps its raw value (stay at $43,500 in 2024 dollars, only going up by how much inflation there is in USD each year) and if we assume 3% long term USD inflation, bitcoin would reach $1 billion USD in 340 years simply as a function of USD losing value. I'd say its just about infinitely more likely bitcoin will be worth a billion USD in a few centuries than it being worth zero.

If you think those prediction will come through for the price of Bitcoin to decrease to zero as some people predicted, that prediction will never see the light of the day, because today price prove to investors that $60,000 is possible before the end of June. Even some people take Bitcoin as payment in their various organizations and it has be helping them to use Bitcoin to pay their workers or purchase some goods and pay with Bitcoin and it has break so many challenges in their organization. Bitcoin team will not allow the price to decrease in a way other coins will take the position of Bitcoin than to make it remain the king among other cryptocurrencies in the market.

even if it drops to $500 so many people are ready to bag, thats the advantage of being the original cryptocurrency as well as having limited total supply thats truly limited.
this coin will never go lower than $20k again I think thats already the lowest point for this coin.
moreover if it does go lower, i also will be the one among many people that gonna bag this coin since it is bullish in my opinion.
should also know the fact that when big companies are also investing in this coin, this also means that they gonna keep bitcoin from suddenly losing value and drop to zero.
that statement above that you pointed out I think just to give warning that any cryptocurrency could drop to zero because of fluctuates and volatile.
but honestly any investment asset in this world could also drop to zero.

I never believe the predictions of influential theorists who have analyzed that Bitcoin may fall to zero. All these theorists analyze the influential market only to corrupt the market and inject thoughts into people's minds. No one should believe the words of all these influencers. But you can believe that Bitcoin will go to $100000 by 2024 but it is not believable and I don't believe that Bitcoin will go to zero.

That is why he is deputy now because he has no value in His job so what can you expect from Him?

or maybe he call bitcoin like that because he has no funds to invest nor he wanted to bring the value low so he can finally purchase in so cheap value?

I think you have a point on that, because we have seen this before right ?  back in the years when bitcoin was just started and those theorists made its name bad for them to take the chunks , and indeed that their are only corrupting the system favoring their target.

Everyone does not have a special right to believe in the words of any influencer regarding the price of Bitcoin, because we all have our own thoughts on anything so we don't necessarily have to believe what influencers say even though they like to think like that at all matter. I actually believe more that Bitcoin will find a new ATH this year if there is no deep enough price correction than thinking that Bitcoin will go to zero as the influencer said.

Influencers are also humans who have more goals by saying something less than logical, so we don't need to be influenced by what they say about Bitcoin if we all have our own thoughts and beliefs about Bitcoin. And besides that it can damage the market system and the trust of a small number of people, it can also damage themselves if what they say doesn't happen with Bitcoin and people who believe in them will definitely regret it because they can't feel the benefits of Bitcoin when the price Bitcoin is experiencing an increase in the market.

Who are the influencers you mean, I don't think they are one of them but they are just people who don't like the idea of ​​bitcoin. Influencers are people who can influence something they say, it's like Elon Musk for Doge or Saylor for bitcoin. As for someone who doesn't like the idea of ​​bitcoin, they are not worthy of being called an influencer and I tend to call them haters.

This year it is difficult to get a new ATH for bitcoin although it is not impossible. I'd rather expect it in 2025 than this year, but what matters is not what it's worth but how ready I think you are for the next ATH. Just prepare your portfolio better and then you just need to wait for the process. Bitcoin will not fall to zero, but the value of your assets may fall. Because of that, be careful and stay safe.

Everything is possible in cryptocurrency market i think. But i can’t imagine Bitcoin price will zero ever. Even it will never happen i think. Because Bitcoin is fully decentralize no anyone controlling it. Even Bitcoin is not a company which will Bancroft. So i couldn’t think Bitcoin price drop to zero. I think After many good news like, ETF approval and future halving Bitcoin price will go new ATH within one Year. I believe Bitcoin price not drop to zero it will go more up continuously from now.

There is some certain time that you have to understand concerning the price of Bitcoin even though bitcoin Falls or continue to fall there is no time the price of Bitcoin will go back to zero instead of that the price will continue to appreciate bitcoin falling does not mean that it will go back to the standing point or Bitcoin in 2010 which bitcoin was being introduced so right now it will fall and rise and if your panic you might sell your Bitcoin when the price rises

Once you do step your foot into this market then it would really be just that right that you should be prepared for whatever things that you would really be able to encounter. We do know that there's no such thing about guarantees in this life and on everything that we are dealing ex. this market on which everything would really be basing up on the demand and recognition.Can Bitcoin would go to zero? Its unlikely but there would really be always the possibility and just like been said by others that as long the there would really be a demand then it would really be hardly be losing its value but if it would happen to be different or the other side then
we can really expect that it would be replaced by something else and this is something that really in default.

This is why as an investor then you shouldnt really be removing into someones mind in speaking about those risks involved with your investment because there's
no one could be able to know on what would happen in the future.

Theoretically? Yes, but practically No, at least in this current time line.
Bitcoin has just got too huge of a volume in daily trading. A lot of people are trading with crypto globally and each of this trades are most probably going to involve bitcoin. That could only mean one thing, as long as there are people who own, buy, or sell bitcoin, the chances for it to become zero definitely NONE.
If theoretically, something catastrophic happens that eradicates the use of internet, that I think would cause bitcoin to lose it's value. But then again the root word there is "theoretically" which means, very unlikely to happen.
I wouldn't take away the possibilities of bitcoin going zero, but at least not in the next 50 years or whichever year it falls when all of bitcoin has been mined.

We'll have to see when he speaks, and what Bitcoin price is at that time. Talking about theoretical.
If at the time he spoke the price of Bitcoin was $40k, one week later the price was $50k, and after that the price returned to $40k, which means the price of bitcoin returned to zero, or returned to the base price of $40k. Because buyers at the previous $40k price were getting nothing.

This is a simple way to understand what is being said.

If the practice goes to zero without any value, perhaps this is not appropriate. It could be that the world's internet network is disconnected, so transactions won't work.

bitcoin falls to zero, then the world is in a state of apocalypse, currently it is impossible for bitcoin to be worth zero because bitcoin is already owned by millions of people around the world and has been traded in commodity form in many countries so those who think bitcoin will fall to zero are quite idiot.

never mind falling to zero, even bitcoin falling to $1000 is impossible at the moment, logically when bitcoin's value goes down further there are many speculators who will buy bitcoin and pump the price again, btc will remain at tens of thousands of dollars (lowest).

You are right that if the world is destroyed and there are no more people on earth, Bitcoin will go to zero. Also, naturally Bitcoin can never go to zero. If every exchange collapses, if people don't trade with bitcoin and trade with bitcoin, then bitcoin could become zero. But all this is misleading I think Bitcoin will never come to zero. People who think bitcoin will come to zero are in the wrong mindset.

I use to believe that bitcoin price will just remain and be regulating in high value not until I started paying attention to things, for now their is slightly little opportunity to how this could happen but we still can’t say bitcoin price can’t return to zero it can’t happen at least not now but it can happen, let me just ask this question, what do you think will be the faith of bitcoin if the financial monetary system fails today? Everything will collapse before rebuilding will start up again.

he has nothing to do with Bitcoin so let him be stupid enough to say whatever he wanted but this is almost far from impossible to happen , going back to zero? then what comes to dollar then if this happens? they are taking the decentralization of the world if the government had take down bitcoin.
and for this to have zero value then this should be the government action against crypto.and expect all of cryptocurrency will turn zero.

Yes, anything can happen, gold or any asset can become worthless, so we should not rule out the scenario of bitcoin falling to zero. But looking at what's going on and what bitcoin has achieved, the possibility of that happening is very low and almost zero. I'm even quite confident that if it happens, it won't happen in the near future, in our generation. So we should not waste time thinking about those things and always be skeptical about bitcoin. Meanwhile, many others take advantage of that time to accumulate bitcoin and enjoy life as bitcoin prices increase.

You are in line with my view, we must have been in the state of an apocalypse for Bitcoin to move to zero($0), and this is certainly not possible. What I've noticed is that any asset that has been appreciated as much as Bitcoin has been appreciated can never move to zero ($0) anymore and the reasons are many. But first, we must know that a terrible thing must have happened to the Bitcoin market for it to happen like that, especially if all the government of the world turned their backs on the coin and started clamping down on all Bitcoin users, domains, apps, exchanges and all that. This is not feasible really but if it happens, the price of Bitcoin will terribly fall, yet, it will have a limit to the falling.

One and the most important reason that Bitcoin will not reach zero ($0) even if terrible things happen to it is that it is not everybody who will be able to sell their coins anymore. Some might be willing but will not have anybody to sell it to as no one will be willing to buy at that time. While some had died and still had their coins active. Some have a whole lot of the coin but their access passes have been lost. While some will not just be willing to sell the coin with the belief that it will rise again. So it will never get back to zero ($0) even with the worst situation.

It can theoretically but in real life, I don't think so because people aren't going to let that happen anyway because there's a lot of people that have an interest that they can't afford for bitcoin to go away, it's especially true for rich people that are into bitcoin like a billion dollars into deep so they can't afford for that to happen unless something out of their control happens. Bitcoin going to zero is going to take a lot of effort to be pulled off anyway and a whole lot of resources at that to do it for real.

Wrong thought patterns are not worth following or trusting so the solutions just need to be avoided without being listened to because wrong thought patterns usually won't make sense enough to be debated. I actually believe more in some of the things you say than those who immediately say Bitcoin will go to zero without linking it to several other big things like in the example you said. So, act on this wisely for each of us without having to panic about what anyone says.

Anything could really happen when it  comes to investment and doesnt matter on where you do make yourself getting involved with.Bitcoin can drop to zero? Anything could really be possible but we cant really be able to tell whether it would happen or not on just simply basing up into its current condition or recognition does it have in the market today. The only key on here is that you should really be just that invest on the money that you could afford to lose then you wont really be stressing yourself whether Bitcoin would go to zero or not. It would really be just that only having that 2 possible outcome on which you would neither be earning profit or not.
We've been already here for a decade+ on its existence and there are tons of those when goes to zero? is it dead? kind of lines that we could see around but look at on where it is now?
You wont really be that so numb on not to see those things and differences and its benefits comparing into those traditional investment.

If the demand for any product is high, it is natural that the price of that product will increase. There are no instances where the customer has interest but the product or object is worthless. I mean that the demand for Bitcoin is increasing and its supply is limited so there is no chance for its price to decrease. Bitcoin price may be affected in the market, even though the price of Bitcoin may drop significantly, it does not mean that Bitcoin will become worthless.

Since the cryptocurrency market is highly volatile, there can be various rumors about the price of Bitcoin. So an investor should not worry about any such situation like unnecessarily rather the price will be high in the future. Investors must think positively.

The U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin ETFs on Jan. 10, 2024. Until then, the regulators had been reluctant to approve any spot bitcoin ETF applications.so looking at their carefull actions and policy making.i don’t think Bitcoin can drop to zero.

I think this is impossible because currently Bitcoin already has many users and investors. I still have a small amount of digital assets in the form of USDT and I will use all of those assets if one day the price of bitcoin drops to the point I have determined. This means that every time the price of Bitcoin drops to a certain point, there are investors ready to buy Bitcoin.

As long as there is supply and demand in the currency market BTC will be fine. If it says it will be Zero like the OP above, this achievement is like seeing a miracle if the altcoin can return to its initial price when it falls.

If someone wants to sell bitcoin at this time it is the wrong time. we will incur losses because of this decision. First, we lose money if our purchase price is at a high price and also we lost the opportunity to get the highest price ever when bitcoin finished halving.

The value of bitcoin could be zero in the following cases

- there is a global internet outage
- All the miners suddenly left and the blockchain stopped working
- swap to another coin to speed up transactions and reduce the size of the blockchain
- Bitcoin trading is banned on exchanges.

Even if bitcoin gives up the top spot, it will still have a price.

Different people have different theories and opinions about Bitcoin but the impact of these people's opinions on the value of Bitcoin has never been observed. If someone has expressed the opinion that the value of Bitcoin will reach zero, then he has expressed his own opinion. Currently, there is no environment for the price of Bitcoin to reach zero, and the control system of Bitcoin is not in the hands of a third party who can bring it to zero at will.

if the question is whether bitcoin can go to zero, then the answer is yes. However, there would be a lot to consider than that, and the chances are very small. it could be zero because basically bitcoin has a volatile price, and the fluctuations are very high. If no one is using it anymore, or there's no way to use it anymore, it's possible the price could be zero. However, the possibility of this is very small, because the basic aspects of bitcoin have become indispensable nowadays, such as internet access. it is a very basic thing that can make the price of bitcoin go to zero, but if the internet did not exist, then world development would experience a setback, and this thing would be eliminated almost to zero, and even continue to be developed to be better.

I think I also agree. There are too many fans of bitcoin, how will bitcoin ever get to zero?
Remember that if supply is small and there are many people interested, the price will automatically increase because whoever pays more will get it [trade law].
So it is not surprising that if Bitcoin is corrected to a low price, many people will scramble to own it, and the price will automatically increase again.
Could it be zero? There's always the case, that the internet network doesn't work anymore.

If bitcoin has the ability to increase in price, there is no reason why the possibility of bitcoin decreasing in price, or even falling to 0, cannot happen. The value of bitcoin depends on our needs, why don't we try to think that at some point the need for bitcoin will no longer exist and people will create a more attractive game than bitcoin?

Before bitcoin was created, no one thought anyone would create a decentralized asset, and it wasn't until Satoshi created it that people accepted it. I mean any scenario is possible and I won't rule it out, we humans are very smart and can create more great inventions with time.

Becoming zero due to cases such as the internet not functioning, making more people unable to access the internet and crypto exchanges is certainly very possible. But without such a case, it is clearly quite impossible to go zero on Bitcoin considering that there are still many fans and enthusiasts who will hunt for Bitcoin when the price corrects. Apart from that, from the trading laws themselves, it also makes sense that Bitcoin will not go to zero because there are still many people who are hunting for it at a certain price at any time.

If it is just possibility in general, then of course there is a chance for its value to drop that low. However, as we xan see in the present, more people are getting to know this blockchain and fortunately more people are also becoming interested as well as companies and mainstream markets. It is just hard to view that possibility given that we're all biased of how this industry could grow more in the future. Even if there is a possibility, what's the best thing to do? That is simply to make use of it as long as its there. Even with human race there is a 'possibility' for extinction but do we mind about it? Same thing goes with the market price of Bitcoin if you are one who fears of such thing. And if ever that day comes, it won't drop in an instant to don't worry that much. Stressing of it won't do you any good so just mind its benefits for now.

The only time that Bitcoin would come to zero is neither the trust of people had transferred out into other coin/projects, there are some issues technically or talking about quantum computing or whatsoever.
There's always that possibility and this is something that could really happen. We do know that there's no such thing about being permanent into this world on which it would really be just that right that you should really know on what you are doing and you should really know on what are the risks involved when it comes to crypto investment. Always diversify and just dont go all in with Bitcoin so that whenever this one fails
then you do still have other options on which you could really be able to recover on. This is why it would really be important to consider on having those multiple investments on which it isnt really just that
limited to crypto but also a mixed up ith those traditional investments as well.

Bitcoin can not fall to zero because if bitcoin fall to zero that means that nobody will trust the technology of bitcoin, because the technology of bitcoin is something that people have already have trust issues with it, so it fall to zero many people would not like to invest in bitcoin any longer because the hope that the price of bitcoin will rise and also gives us a profit will be out of many people mind and that will bring the downfall of bitcoin, so even the people who is a watch dog over bitcoin investment will not like bitcoin to fall to such extent so that the technology will not lose values

If it's a possibility, then you can be sure it will happen, and nothing is impossible, especially if World War Three happens and the internet can't be used. It's certain that no one will want to trade anymore.
But as long as it is still normal like now, it seems very difficult for this to happen. It must be remembered that many are waiting for the opportunity to go down, but after it is deemed that the decline is feasible, many people rush to buy, and in the end it goes up again and so on, and it is difficult to do so. becomes zero.
I agree with you; don't be skeptical because it will reduce the opportunity to continue saving bitcoins so you can make a profit.

There are really things on which we can really say that it is really that nearly zero or impossible to happen basing up on the condition that we are seeing as of today but its true that anything could happen in a blink of an eye.This is why it would really be best that you should really be that investing on the amount on which you can afford to lose just like the rest been saying or everyone is really mentioning or talking about.
Why? you wont really be that making yourself that stressful or really that always mindful about your investment. The bad thing or wrong thing on what others been doing is that they are investing their
life savings on which on the time that the market do make out some reds then this is where they would be starting to panic.

Bitcoin can drop to zero? Possibly, on the time that the people would be leaving out on something better then this could happen.
When? no one really knows or it wont really be actually happening anytime soon.

Ironic question to consider right now but its highly relevant in terms of market appreciation of the whole spectrum of sentiment to trade that is possible.   Despite the highs occurring now we have to on balance consider the opposites also true, BTC continually has the dynamic of forgetting where it was just 6 months ago.   When we go up with strength we the collective market as a mass think it lasts forever and equally the giant amount of gloom in the most negative prices is excessive.  Both extremes represent inaccuracy, so I find this thread not obvious but still relevant to consider in the mood and volatility always present underneath the skin of BTC price action.

So what I'm reading here is an answer to a question which was about "Crypto Currencies" in general.
Look at the language he uses in his answer "Their price can vary quite considerably and they could theoretically or practically drop to zero."
not "Its price can vary quite considerably and it could theoretically or practically drop to zero."

Ok lets answer the OP's question with my opinion

Theoritically Bitcoins price can drop to zero if the internet is switched off for example, why
would the interned globally be turned off?

Practically if Bitcoins price were to suddenly drop to lets say $5000, what will happen? at
least everyone in this community will buy as much as they can.

So theoretically YES
Practically NO

Of course, no one wants to lose their investment because of something they don't want; everyone invests because of the trust that has been made. Perhaps so far, they have never experienced such a thing as an investment being lost in an instant without any reason or resulting in the investment having no value at all.But I understand what you are saying: that anything can happen in an instant and nothing is impossible because no one can predict or know what will happen when it comes.I really agree with what you said: that it is better to invest as much as possible with the amount you can afford, and when the investment is lost, it will not affect our daily lives.This is clearly a wiser action to avoid something that has the worst possibility of happening, because anticipating is certainly better than having to endure it later.but everything ultimately comes back to oneself because he owns it, he can control it, and others can only give suggestions.

With all of that in mind, I still do not think that zero is possible. Just the value of having bitcoin is worth more than that. I understand that there are plenty of stuff that can ruin the current situation and that is why we think that there is a possibility that this may not happen, but at the same time I also believe that we are going to most probably end up with a return that will benefit us all.

Just because there are possible bad things, doesn't change the fact that zero is way too low, if the question was to go under 20k again, I would say maybe, but the price going under 1 dollars? Like literally be zero? I do not think that will ever be possible. We are going to do fine, and not going to get to zero ever.

Theoretical validates the possibility. A lot is theoretically possible and yet not practically possible.

In terms of practicality, Bitcoin would only drop to 0 if no one sees value in it anymore...if the blockchain gets hacked or does not function as it has to-date, then it will become useless to everyone. If there is no demand to meet supply, it can go to 0, or very close to it. However neither of these are relevant now and most likely will not be relevant for the foreseeable future.

There is absolutely no reason to believe that Bitcoin will lose all of its demand. Therefore it's currently not practically possible for it to lose all of its value.

This. Theoretically any asset can go to zero. Gold can go to zero. Bitcoin can go to zero. Apple can go to zero.

Practically though, Gold and Bitcoin will likely only ever increase in price. Any company, Apple for example at $3 trillion, is much more likely to go to zero than Bitcoin, because its a business and it could always lose its competitive advantage. Bitcoin is a perfectly hard currency so it is very unlikely anything in the future could ever overcome its lead in globally strong network effects. And since it is perfectly hard supply capped the best anything could do in that regard is simply be equally as good (I wouldn't say an actual deflationary currency would be better because the end game for that kind of currency is that it literally doesn't exist anymore!). So practically let's say it has a 0.00000000000000000000000000000000001% chance of going to zero, and a 99.999999....% chance of going up for the very very long term. The only thing I'd put at a smaller chance of going to zero is Gold, because its got thousands of years of history behind it and is also used for in electronics and aesthetics.

It will be difficult for zero price to manifest physical because, it will make some hodlers to give up on BTC and it will not encourage others companies to be bold to invest in BTC than to think another coin that will make them feel good when they invest in the due season.

I don't think such thing will happen to BTC and, if such thing happen to BTC, it will surely affect billions who used BTC to grow themselves to the stage they are right now and the condition of the price show that it will not be possible for BTC users to see zero price again.

in theory it is possible to fall to 0 because all objects that have a price can fall to 0 or lose their price. but logically it seems impossible because bitcoin has a limited supply and currently there are more and more bitcoin investors. I guarantee that even if there is a very big negative issue hitting crypto or bitcoin, the price of bitcoin will not fall to 0.

I never believe in predictions made by theorists, I always believe in my own thoughts and predictions. Many theorists have predicted bitcoin will go to zero I never believe that bitcoin will go to zero but I believe that bitcoin is not zero and will go above $100,000 in 2024. Also, I think the popularity of Bitcoin will increase as the day goes by and as the popularity of Bitcoin continues to increase, the value and demand for Bitcoin will increase which in turn will increase the price of Bitcoin much more.

It's possible if every investor withdraw their money from bitcoin, but that won't be happening in this reality unless government forces everyone to do that, people are rushing more into bitcoin, expecially thsi bull run, lots of new investors are coming in and fueling the price to go even higher, so this won't be happening.

We are expecting bitcoin to rea h a new ATH this year above it past ATH of 62k to 100k, that's cool rightm so my advice instead of listening to theorist, get started on your investment in bitcoin ASAP.

Their theory might come true if bitcoin were banned worldwide and all crypto assets in the industry were closed by the government. This is not something to expect, but you should just take it as a message that bitcoin will not be valuable forever. There are risks that should not be ignored including bitcoin being worthless due to local regulations, that is a legal risk.

Whatever the risk, it is still a risk regardless of how large or small the potential for it to occur. After all, it is unwise to put 100% of your budget into bitcoin without considering any risks, so consider the above theory as a warning message that should not be completely ignored.

Reality is nothing gets certain as long as the market remains highly volatile. Though bitcoin price is seen to be reaching its peak, but it’s not a guarantee that it will forever push its price upward and reach a new all time high. We have to be more realistic with bitcoin. We have to be certain at some point that bitcoin will reach a point that it’s price will no longer surge high, but will instantly drop to zero when we least expect it and become totally worthless in value.

However, it’s not yet happening now so let’s focus on its present performance in the market. Learn to take advantage every opportunity that comes as no one holds the future of bitcoin, it might possibly reach a million but it has also high chances of dropping its price to its dips without chances of recovery.

Looking at all the possibility that could make this happen, it's vividly clear to say that the rate at which this will happen is too small and it's even impossible so then it's fine to be consciously fulfilled that Bitcoin is definitely not dropping to zero anytime soon. But I have a curious question though and it's what if the whole Bitcoin Blockchain was actually hacked with a virus that manipulate the whole set up of things of Bitcoin procession?.

I agree that bitcoin won't be worth much forever, but going to zero makes very little sense right now.
If someone believes bitcoin will eventually go to zero, then they should not be a holder like a holder who is optimistic about bitcoin's future. Increasing real use cases, growing adoption as well as more industry growth will keep bitcoin competitive in the market. Traders will always trade it, adopters will use it as currency, and so will investors.

Nothing is free from risk, including bitcoin and its future. In fact, we never know how long Bitcoin will dominate the crypto market capitalization when competition to be the best is always pursued. So risk considerations certainly cannot be ignored.

In the title of the OP's question, it is possible for that to happen with other cryptocurrencies, but in my direct answer, which is about Bitcoin, it is impossible for that to happen. Especially in these times or times when there are more institutional investors who are saving now for the upcoming bull season.

Most of them really do not waste the opportunity to buy Bitcoin every day, as long as it depends on the profit they get from their businesses. The more the number of bitcoin holders increases, the more its demand increases.

There's no such thing about being impossible specially on crypto space on which we know that everything could go to zero when it comes to value or price which everything could really be able to lose up its value
which it would really be that depending on the demand and recognition of a certain project or coin. Yes, Bitcoin is really that sitting on the top or with the ranking but it wouldnt really be an assured thing
that it would really be lasting up forever but even though these kind of probabilities could happen but it is really that hard to believe that it could happen with Bitcoin.
It is already that been supported for a decade and could potentially on its second one and now that ETF has been approved then it is really that hard to believe that it would
really be that cease to exist.

Nowadays, investors are more focused and concerned about Bitcoin after seeing more price increases in Bitcoin over the years and no longer think that Bitcoin will go to zero. And it has also encouraged many other cryptocurrencies to continue to rise because the market is still improving at the moment, especially this month so many people may no longer think about Bitcoin going to zero after seeing the price increase that has continued so far.

And the price will also be better in the market because when holders can continue to buy more and more Bitcoin, of course the price will continue to increase if the demand in the market does not decrease. Now is the time to continue to take advantage of any opportunity as long as you can get a profit because moments like this year are very rare so many people will not just pass them by.

We should expect many to be coming from the people even as at the moment they are seeing that bitcoin is performing well, we are no more in the time of fear of missing out, but some will be lurking around to find one or more things to say about bitcoin that could make others get discouraged, we have to know this that bitcoin is not going to fail us if we are interested in making the rightful application of how its being expected of us, this begins with the way we learn about it, how we often realized the need for this digital currency over any other form of currencies and the time frame we have targeted to make an investment in it for our profitability.