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Author Topic: At what exchange rate would you call Bitcoin dead?  (Read 4268 times)
X-ray
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March 18, 2017, 03:03:15 AM
 #21

Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?
I will dump my bitcoin if the hardfork of bitcoin is on the way. I think below $800 and i will retire from use bitcoin. I'll be back if the price of bitcoin is under $300 and i will move into the another coin.
$700 is my magic number dude. I don't want if the price of bitcoin always go to the bottom.

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March 18, 2017, 03:08:46 AM
 #22

zero dollar i will totally dump all my coins
but i think imposible bitcoin die, is die another altcoin ethereum, DASH, ripple, litecoin or monero can replace
bitcoin can die if all people not use bitcoin again, or transaction big problem unconfirmation transaction until reach million transaction every minute, nodes or bitcoin server die, maybe bitcoin can die

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March 18, 2017, 05:27:19 AM
 #23

I'd call it dead if it's below zero and stays there for several months or even a year.
Though, I'd still keep some just in case.  Grin (But I'd probably have sold and bought multiple times before it reache zero.)

I doubt that's gonna happen, as for it to even go down to $200 is way too unlikely. If it does, it'd be
gobbled up by the whales and then held for a long long time.


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batang_bitcoin
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March 18, 2017, 07:43:30 AM
 #24

Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?

The rate that I will actually dump bitcoin is on $0.00 if the price reached this amount then I will personally have the regret that bitcoin isn't worth it. But of course to think about this on a positive thought before dumping the price should go up higher than it's current price then that will make me dump almost all of my coins.
Most of you who are saying it would sell at much higher rates. The price doesn't have to be 0 for it to be dead, because there always will be a bunch of hardcore believers that will keep it for fun or as a reminder of what it used to be, or not to miss the opportunity. If you think about it, getting the price of Bitcoin to $0 is practically impossible, even if it was proven to be bugged and compromised. There are many dead altcoins that are still trading. If Bitcoin ever goes to less than $100 it will be officially dead or maybe not completely dead but beyond recovery, abandoned by the majority of users and investors. You don't come back from a fall like that.

I understood your point that bitcoin doesn't have to reach at $0 before declaring as a dead coin. But those alt coins that are supposed to be dead and being chosen by other traders to keep alive are simply dead and it's value are totally lower than the usual amount of bitcoin which is centavo of dollar. Maybe when the price of bitcoin will fall lower, there are people that will do the same with bitcoin.
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March 18, 2017, 08:01:25 AM
 #25

I'd call it dead if it's below zero and stays there for several months or even a year.
Though, I'd still keep some just in case.  Grin (But I'd probably have sold and bought multiple times before it reache zero.)

I doubt that's gonna happen, as for it to even go down to $200 is way too unlikely. If it does, it'd be
gobbled up by the whales and then held for a long long time.

Such a downfall won't happen in the short or even in the future. The reason is that bitcoin as an innovation already got the highest acceptance than many other digital currency that came into use and got destroyed in a short. Bitcoin serves as the base for all other digital currency growth. Now too the situation is not worse, it has got the best development team who in a short will make everything in a stabilized manner.
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March 18, 2017, 05:06:33 PM
 #26

Anything below $500, I'd probably stay away from it. It'll take years for it to go back up to the current price, assuming people are even still interested in it. If for some weird reason it drops to, say $100, I might think of buying some. If I have some coins left when this happen, it's already probably too late to have them cashed-out so might as well keep some bitcoins as souvenir of sorts. I mean, well never know, it could probably pick up again.

As for ceiling, it probably get nervous if it ever hits $10,000. Maybe I'd sell. Problem is, everyone might also sell so the last one to sell loses.

<|°_°|>
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March 18, 2017, 05:15:32 PM
 #27

$0.00, actually not that magical.

to reach zero it mean that was already dead before, i can call it dead when miners can no longer take any profit from bitcoin, that is dead already to me, i think under $100 the miners don't have any profit anymore and you are sure that bitcoin is doomed to fail, but i always keep wonder why bitcoin should die? there is no real reaosn when you have so many altcoin from the past that are still alive, like litecoin first case in my mind, this make me think that bitcoin will not die

People would still mine it, I don't think they'd stop just because of a big price decrease. In 2015 the price reached ~$250 if I remember correctly, and people were still mining it, and the reason is that they are just sure the price will go high once again and they will make profit off the increase. Mining has always been profitable, unless they exchanged BTC for Fiat immediately after they mined. Bitcoin will never be dead unless nobody will be interested in it ever again. The harder it is to be mined, the higher the price goes up to.

you can have a point on this man, but think about the fact that miners now have more electricity cost than what they had in 2015, and for them mining now at the old rate of bitcoin like $250 or lower, would mean no profit, you can't compare with the past, the difficulty is very high now, the value must remain at a higher level if miners want profit

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March 18, 2017, 05:57:19 PM
 #28

Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?

Actually its not price but utility is what Bitcoin death depends upon. Maybe possibility that Blockchain got hacked, or some miss happening in Bitcoin ecosystem. Such disasters can lead to Bitcoin end. Price is not always the key to determine success or failure.
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March 19, 2017, 03:13:53 AM
 #29

If bitcoin still had some value I will not dump it, since there could always be a chance for recovery and it will not be dead but the market cap will become way lower, the only moment when bitcoin can be called to be dead is if the value per bitcoin reaches zero.
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March 19, 2017, 06:38:34 AM
 #30

Currently the bitcoin is dead alike. it has gone devalued from $1230 to $1000
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March 19, 2017, 07:42:21 AM
 #31

Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?

The rate that I will actually dump bitcoin is on $0.00 if the price reached this amount then I will personally have the regret that bitcoin isn't worth it. But of course to think about this on a positive thought before dumping the price should go up higher than it's current price then that will make me dump almost all of my coins.
Even if governments do some kind of regulation against the bitcoin, that won’t kill it the bitcoin will still be used.
The price may drop yes but it won’t be long time that it will rise again, the point is as long as people keep using bitcoin and believe in it as long as the bitcoin lives even if it reaches $0.5.
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March 19, 2017, 10:21:00 AM
 #32

Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?

There is no specific rate that could kill bitcoin. The only thing that can kill bitcoin is when people lost their trust to it and if that happens people will begin to shift to other cryptocurrency and bitcoins value will turn to  zero. In that time another alttcoin will replace bitcoin and bitcoin will become useless. But its far from happening since the community wont allow it to happen.
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March 19, 2017, 11:21:25 AM
 #33

Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?

I don't have this special exchange rate that I'll dump all my coins. Instead I'll simply sell some of my coins when the price is already $1,500 - $2,000.

Right now well things are becoming crazy because of issues with this rogercoin. But telling that bitcoin will be drop dead very soon or will be dump at a certain amount.

I don't have that.

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March 19, 2017, 11:23:13 AM
 #34

When it will be distributed free to everyone then i would consider it more strong..actually bitcoin can never be dead now as it is the basis of how P2P payment works.


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valta4065
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March 19, 2017, 12:46:17 PM
 #35

I wouldn't dump. Even if it reached 10$.

Simply because I have a fiat wallet and a coins wallet. If a value drops, then the other one is here for a reason.

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batang_bitcoin
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March 19, 2017, 05:05:15 PM
 #36

Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?

The rate that I will actually dump bitcoin is on $0.00 if the price reached this amount then I will personally have the regret that bitcoin isn't worth it. But of course to think about this on a positive thought before dumping the price should go up higher than it's current price then that will make me dump almost all of my coins.
Even if governments do some kind of regulation against the bitcoin, that won’t kill it the bitcoin will still be used.
The price may drop yes but it won’t be long time that it will rise again, the point is as long as people keep using bitcoin and believe in it as long as the bitcoin lives even if it reaches $0.5.

Yes even though there will be government associated issues bitcoin won't be dead that easily. As we know that there are a lot of people who are going to make the price pumping. It's already proven for several years now and even the price dropped rapidly these past days. Still it doesn't mean that bitcoin will be dead.
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March 19, 2017, 05:11:46 PM
 #37

My number dead line is 50$ per 1 BTC. It that case it would stop to me to have a sense to work with bitcoin and try to collect it. Cause of I make like 0,1 BTC per month now and even now it's not so big money. So if bitcoin fall I will search other ways for underworking to myself.
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March 19, 2017, 06:36:07 PM
 #38

I don't have my special rate that will totally dump all my coins to think that bitcoin is dead. Because I believe that bitcoin isn't going to be dead and instead it is becoming stronger though it has a lot of happenings of it's price decrease. That is why I keep on believing that bitcoin isn't going to be dead and I really don't think about it at all.



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March 19, 2017, 11:48:45 PM
 #39

Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?

That will definitely be 1BTC =$0 , until we get here I will keep faith with Bitcoin and see it rise through thick and thin to become a global cryptocurrency.
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March 19, 2017, 11:51:33 PM
 #40

I think even if Bitcoin was at zero, the currency would not be considered dead if there were users mining it or running nodes. So it's not just a question of price, but the amount of support the chain is receiving.

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