WANT TO ASK IF IBITCOIN BEEN DEVALUED TO ZERO ?

[Seansky]

Nobody knows what the future holds, but anything is possible. Could bitcoin be valued close to $0 in the future? Yes. But not in my lifetime surely!

How can you be so sure that it would not happen in your lifetime? I think that bitcoin being devalued to zero might happen years from now or maybe decades from now and probably most of us are still alive by then including you. Even if it won't happen in the near future there is still the possibility of this even happening in our lifetime.

[linkme]

BASE  ON GLOBAL RECOGNITION,ACCEPTANCE OF BITCOIN AND  HACKERS CHALLENGES,IS IT  POSSIBLE FOR BITCOIN TO BE DEVALUED TO ZERO IN THE  NEAR FUTURE?
THIS NO ONE  PRAY FOR,BUT WHAT THOSE  THE  FUTURE  HOLD  FOR  BITCOIN.

Of course there is chance for Bitcoin to drop out to zero but that chance is too small for us to worry about it, and of course if it happen, it won't be in the near future.

[tigershark]

BASE  ON GLOBAL RECOGNITION,ACCEPTANCE OF BITCOIN AND  HACKERS CHALLENGES,IS IT  POSSIBLE FOR BITCOIN TO BE DEVALUED TO ZERO IN THE  NEAR FUTURE?
THIS NO ONE  PRAY FOR,BUT WHAT THOSE  THE  FUTURE  HOLD  FOR  BITCOIN.

Technically Bitcoin could fail and drop to $0, but it is unlikely at this point. After several years of good growth, bitcoin is a pretty solid investment right now. We don't know if it will go mainstream or if there will be problems with it but so far it has been successful.

[EdenHazard]

Nobody knows what the future holds, but anything is possible. Could bitcoin be valued close to $0 in the future? Yes. But not in my lifetime surely!

How can you be so sure that it would not happen in your lifetime? I think that bitcoin being devalued to zero might happen years from now or maybe decades from now and probably most of us are still alive by then including you. Even if it won't happen in the near future there is still the possibility of this even happening in our lifetime.

considering there is a lot of development have been made nowadays like a lot of japanese company ready and have get started adopt bitcoin as a payment gateaway and even their government support it , i don't really think the devalued could happen in the near future.

the current growth are too great to be devalued!

[JohnC2389]

BASE  ON GLOBAL RECOGNITION,ACCEPTANCE OF BITCOIN AND  HACKERS CHALLENGES,IS IT  POSSIBLE FOR BITCOIN TO BE DEVALUED TO ZERO IN THE  NEAR FUTURE?
THIS NO ONE  PRAY FOR,BUT WHAT THOSE  THE  FUTURE  HOLD  FOR  BITCOIN.

I don't think that Bitcoin devalues to zero is possible, as long as people keep using and trading Bitcoin, Bitcoin will still dtay valuable and the day when people don't need Bitcoin is very far away.

[Pakar11220]

BASE  ON GLOBAL RECOGNITION,ACCEPTANCE OF BITCOIN AND  HACKERS CHALLENGES,IS IT  POSSIBLE FOR BITCOIN TO BE DEVALUED TO ZERO IN THE  NEAR FUTURE?
THIS NO ONE  PRAY FOR,BUT WHAT THOSE  THE  FUTURE  HOLD  FOR  BITCOIN.

An important statement for you, you must try to go to the fuck out of yourself from the crypto.

Are you kidding me with your sentences? With all of the proof about bitcoin right now.

Never reach zero value.

You said that looks just another shitty joke.

No! That’s never going to be a possibility for biotin. The challenges of security and other currencies emerging are present from the birth of bitcoin. But bitcoin is improving day by day, it’s already the securest means of transacting money online. The competitors of bitcoins would be considered competitors if they stood a chance against bitcoin, but there services and features are not even close to the services and features provided by bitcoin. There is only success to expect from bitcoin industry.

[South Park]

BASE  ON GLOBAL RECOGNITION,ACCEPTANCE OF BITCOIN AND  HACKERS CHALLENGES,IS IT  POSSIBLE FOR BITCOIN TO BE DEVALUED TO ZERO IN THE  NEAR FUTURE?
THIS NO ONE  PRAY FOR,BUT WHAT THOSE  THE  FUTURE  HOLD  FOR  BITCOIN.

That was only a risk in the early stages of the life of bitcoin, at this moment that is almost impossible a catastrophic failure will need to be found in bitcoin for that to happen, so bitcoin is going to keep being a valuable currency for a long time since the demand is there to push the price up.

[kwukduck]

Once the Bitcoin Cash team is done with Bitcion Core the network will effectively be disfunctional, worth exactly "zero" in any currency.

[Qoheleth]

Here's the thing about "zero".



Even Zimbabwe banknotes are worth a little money.

Not as currency, of course; Zimbabwe itself switched to USD years ago.

But people buy them on eBay regardless. Why? Well, because it's an interesting object, a funny gag gift, or a conversation starter.

So let's say, for some reason, that one day people stopped using bitcoins. Stopped accepting bitcoins as payment. Let's say the big mining pools all close up shop because it's impossible for an unused currency to pay their electric bills.

Then, even in that world, I imagine the system would probably still live on in the same capacity that Zimbabwe Dollars have survived. Folks buying mining ASICs on Craigslist for a pittance and running them out of nostalgia, or because it's funny, or just because it's something to do.

So we return to pre-2011 prices - sub-$1 prices - from back when BTC was just a funny crypto-nerd novelty. It won't be worth anything as an investment vehicle.

But that's not zero.

[Opekin]

BASE  ON GLOBAL RECOGNITION,ACCEPTANCE OF BITCOIN AND  HACKERS CHALLENGES,IS IT  POSSIBLE FOR BITCOIN TO BE DEVALUED TO ZERO IN THE  NEAR FUTURE?
THIS NO ONE  PRAY FOR,BUT WHAT THOSE  THE  FUTURE  HOLD  FOR  BITCOIN.

This will don't happen, by the way where is the source of it or any article, site for us to read. Devalued to zero is a total abondonation of bitcoins if it happens for the hackers maybe they can hack some of it but not all bitcoin holders.

[Shinpako09]

Like what you said the global recognition, the acceptance. That two is strong enough to prevent happening the btc to be devalued in the near future. It will just going back to nothing if no one will ever used it and all whales or big investor will dump all their coin.

[South Park]

Here's the thing about "zero".



Even Zimbabwe banknotes are worth a little money.

Not as currency, of course; Zimbabwe itself switched to USD years ago.

But people buy them on eBay regardless. Why? Well, because it's an interesting object, a funny gag gift, or a conversation starter.

So let's say, for some reason, that one day people stopped using bitcoins. Stopped accepting bitcoins as payment. Let's say the big mining pools all close up shop because it's impossible for an unused currency to pay their electric bills.

Then, even in that world, I imagine the system would probably still live on in the same capacity that Zimbabwe Dollars have survived. Folks buying mining ASICs on Craigslist for a pittance and running them out of nostalgia, or because it's funny, or just because it's something to do.

So we return to pre-2011 prices - sub-$1 prices - from back when BTC was just a funny crypto-nerd novelty. It won't be worth anything as an investment vehicle.

But that's not zero.

This is true, even if at some point bitcoin reached a very low value I will still hold some for nostalgia sake, it is not different than people that keep old coins and collect them, maybe a new hobby is going to emerge, maybe people instead of collecting coins are going to collect cryptocurrencies.