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Bitcoin Forum > Economy > Economics > Speculation > How it will go to $0 again?
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mundang
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July 24, 2016, 02:54:30 PM
 #281
Btc will not fall to that price,they will not allow bitcoin to die. Investors will prevent this to happen.
Cause bitcoin is there only hope to become rich.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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OrangeII
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July 24, 2016, 03:32:05 PM
 #282
Quote from: mundang on July 24, 2016, 02:54:30 PM
Btc will not fall to that price,they will not allow bitcoin to die. Investors will prevent this to happen.
Cause bitcoin is there only hope to become rich.
you're right, perhaps as long as there are investors, bitcoin prices will never be this low. besides, many are using bitcoin as a means of transaction, so I guess as long as it's still happening, bitcoin prices will never go down to $ 0, although the price of bitcoin is always up and down, but I'm sure it will not make it worthless

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trickshot22
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July 24, 2016, 03:49:03 PM
 #283
Quote from: oceanriver on July 24, 2016, 02:49:53 PM
Quote from: shamati on October 23, 2015, 05:06:09 AM
How will it happen?


Will it just suddenly one day drop to $0?  Or will be a slow painful bear market finishing near $0 but never quite reaching at?  Some believers will never sell no matter what price ??


What do you guys think?

i don't really thing that bitcoin's price could drop  that much to 0, if it would drop it would probably stop at 50$ or so because everyone would buy bitcoins then
of course the price cannot drop to 0, there will always be people who will use it and because of that the price is not going to fall or it is going to even grow soon
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July 24, 2016, 04:39:24 PM
 #284
Never going to happen again in this century.

And if it happens, of course will be slow and full of flags that things are going to bad to worse, so lots of time and opportunities to abandon the ship.
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July 24, 2016, 04:46:26 PM
 #285
Nothing is assured with bitcoin, so anything might happen when days move. Possibly with the potential it has got bitcoin won't go down to zero anytime. It might go after the calculated years of bitcoins survival.
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July 24, 2016, 05:39:29 PM
 #286
Quote from: srgkrgkj on July 24, 2016, 10:45:24 AM
it cant go to 0 as its backed by electricity people will have to sell it at least at the rate of electricity otherwise people wouldent mine it in the first place
It's backed by electricity, it's backed by people who need to eat, it's backed by hardware; there's a ton of things that back Bitcoin that ensures that it'll never go back to $0, unless everyone dumps Bitcoin and no-one cares about it anymore.

The lowest it may go from here is $10, assuming EVERYONE leaves it and the miners bail for the most part too.
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