This is why BITCOIN will never go to ZERO

[irhact]

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

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

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

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

[Games.Bitcoin]

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

[darkv0rt3x]

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

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

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

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

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

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

[Wend]

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

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

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

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

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

[Wimex]

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

[OcTradism]

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

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

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

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

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

[Gallar]

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

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

[chigo]

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

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

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