can my bitcoin drop to nothing

[bruxa]

so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please

[David Rabahy]

Yes, there's a very small chance the exchange rate could drop to nothing.  In my humble opinion there's a much greater chance that it could rise considerably in the not too distant future.  Are you hungry or have other basic needs at this moment and no other way of fulfilling them?  If so then convert your Bitcoin into that need.

[Bitcoinsummoner]

so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please

Its impossible that the price will down to $0 maybe in few percentage will decrease the value of bitcoin but right now i notice that the price of bitcoin is going to increase back and i think there are just few people are selling their bitcoin due to the news they heard about ETF rejection..

[ebliever]

It's like owning a share of stock - the value can go up or down. A company can go bankrupt, its shares can then become worthless. If bitcoin fails to compete well with fiat or other altcoins it could likewise become worthless. (By contrast, something like gold is probably not going to become worthless even though its value fluctuates constantly like bitcoin).

Mr. Rabahy's advice is good: if you need to put food on the table, by all means sell your BTC. If not, do some research and see if you can find a better alternative. Hint: In essence you can speak of the value of dollars/euro/yen/etc fluctuating relative to bitcoin, instead of the other way around. They also can become worthless in the future, as historical examples of fiat currencies prove. So consider that before selling any bitcoin just so you can have more fiat.

[gribble]

so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please

Actually it can be happen but for right now your bitcoin worth of $40 will not be 0$ because many corporations, Banks and other had adopted bitcoin and also right now the bitcoin is waiting approval from SEC desicion, if it be approved your bitcoin will goes to the moon and don't spend your bitcoin on gift cards at least all of them.

[AT101ET]

If BTC goes down to $0 then not only will your BTC be worth $0, but so will everybody else's.
The value of BTC that you have is subject to fluctuations.
Say 1 BTC = $1000, then if you have 0.1 BTC, your BTC value will be $100.
Should the price of BTC fall, then the value of your holdings will also fall.
So, in the example above, if BTC falls to $500/1 BTC, your 0.1 BTC savings will have fallen from being valued at $100 to $50.

Bitcoin is still relatively new and as a result its price is subject to a lot of fluctuation. You should look st it as an investment. As with all investments, only invest what you can afford to lose. That way if your investments do depreciate, the loss won't be as significant to you.

[btcmerich]

sure it can:

Bitcoin will be worth 0 if we have big ass war and internet is down or none existent

Bitcoin will be worth 0 or back to 40-50 USD if most of the western world make  handling bitcoin illegal

Bitcoin will be worth 0 or close to it if miners do not support it and it is open for attacks

Is like any investment you need to understand the risks and  keep your eyes open

[olubams]

so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please

What you are witnessing is normal in this crypro-world you are in as the price might be erratic sometimes due to factors that are beyond some explanations you can get. But on a hard note, the price can't fall to nothing and you should also know that by coming in here now, you should be aware if the risk involved as the price can swing both ways but with time you will make some money...

[thejaytiesto]

so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please

There are way bigger chances of bitcoin hitting 1 million USD per coin than 0 USD per coin, because me and a lot of other people will be willing to buy all of your BTC if it goes below a certain price.

It is all about the long term and bitcoin is the best asset on the planet right now, therefore me and everyone that knows this fact will keep buying at any given opportunity.

[TheAlgorithm]

Bitcoin started right from nothing and has grown all the way to over $1000 per coin.  Its community is strong and the chances of it dropping to nothing is extremely low especially since it's naturally designed to be a deflationary currency anyway.  Trust me, it's safe.  If it drops below ~$800 per coin, I would take that as an opportunity to buy more, because it's been going up and down for a long time.  Don't be worried.

[TeaPanda]

so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please

There are way bigger chances of bitcoin hitting 1 million USD per coin than 0 USD per coin, because me and a lot of other people will be willing to buy all of your BTC if it goes below a certain price.

It is all about the long term and bitcoin is the best asset on the planet right now, therefore me and everyone that knows this fact will keep buying at any given opportunity.

Alright, what if instead of 0 USD per coin , we say something like 1 USD per coin. Money will eventually dry out if no new buyers come into the market

[hase0278]

so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please

There are way bigger chances of bitcoin hitting 1 million USD per coin than 0 USD per coin, because me and a lot of other people will be willing to buy all of your BTC if it goes below a certain price.

It is all about the long term and bitcoin is the best asset on the planet right now, therefore me and everyone that knows this fact will keep buying at any given opportunity.

Alright, what if instead of 0 USD per coin , we say something like 1 USD per coin. Money will eventually dry out if no new buyers come into the market

There will always be new buyers that come into market since bitcoin is used not only as investment but as a way to pay someone for services and goods bought online. As long as there's someone who accepts bitcoin as payment method for example online games accepting bitcoin as payment for premium items bitcoin will be worth something and it will rise soon enough. There are many others who might buy bitcoin if it had gone down to 1$.

[jofus]

so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please

How much Bitcoin do you have?  Perhaps I can make you a deal that at anytime I will buy it from you for 0.01$ per BTC.  Then you never have to worry about it being 0$

[target]

so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please

How much Bitcoin do you have?  Perhaps I can make you a deal that at anytime I will buy it from you for 0.01$ per BTC.  Then you never have to worry about it being 0$

Bitcoin will lose its value if something happen like war same thing will happen to your  0.01$ too so if you take that deal above which I think could be the best deal you could ever get in your entire life, its never going to have any changes to your life still. Keep that BTC of yours or cash it out to stash yourself some canned goods to prepare for the war 

You may still have the change to cash it out weeks later becuase bitcoin after all don't drop its value all of a sudden to zero so relax.

[funbarrel]

so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please

of course it is possible, and if you don't have the balls to lose as small amount as 40 dollars then maybe you shouldn't be investing in bitcoins at all and should just use it for purchasing stuff? I am holding because I believe in bitcoins and I am sure that the price of the bitcoin is going to grow in a longer term, even if the price went back to 500 dollars I would be holding and if you want to be a good investor and earn money then you should be holding as well.

[york780]

Will this be the last day the earth exist?
Will this be the last day that banks exist?
Will this be the last day that shops accept fiat money or BTC ?
Will internet stop existing tomorrow?

Awnser : no

Enjoy moon.

[BitcoinFutureCoin]

It cant because bitcoin is too important to many users in worold and they will do everything to make bitcoin best cryptocurrency in the world but some laws can destroy bitcoin and make us really unhappy.

[TeaPanda]

so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please

There are way bigger chances of bitcoin hitting 1 million USD per coin than 0 USD per coin, because me and a lot of other people will be willing to buy all of your BTC if it goes below a certain price.

It is all about the long term and bitcoin is the best asset on the planet right now, therefore me and everyone that knows this fact will keep buying at any given opportunity.

Alright, what if instead of 0 USD per coin , we say something like 1 USD per coin. Money will eventually dry out if no new buyers come into the market

There will always be new buyers that come into market since bitcoin is used not only as investment but as a way to pay someone for services and goods bought online. As long as there's someone who accepts bitcoin as payment method for example online games accepting bitcoin as payment for premium items bitcoin will be worth something and it will rise soon enough. There are many others who might buy bitcoin if it had gone down to 1$.

Yes, now there is, but we can't be sure of the future. BTC might stop being used slowly and replaced with something new and better

[bajing]

so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please

Yes there is a chance for it but i can said the chance of it is pretty small because in my eyes after bitcoin price take over gold price it's a big news for us and will make people they not know or believe will bitcoin to be interested to invest their money on bitcoin.

[X-ray]

so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please

Your amount will never go to $0, but there is a chance for your amount will be less in the future if the price of bitcoin will get a lot of the dump caused by the delay or ignore by us securities. There is no chance for your amount got to $0 in the future. Don't take it for seriously dude.