At what exchange rate would you call Bitcoin dead?

[Frost]

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?

[1714116071]

1714116071

[1714116071]

1714116071

[1714116071]

1714116071

[BurtW]

$0.00, actually not that magical.

[eternalgloom]

I'd be tempted to sell if the price dropped below 10 dollars and stayed that way for more than a few months.

On the other hand, I'd probably sell everything if the price goes above 10k.

[Iranus]

Well I would never actually call it dead until it was literally worth $0 (unless fiat currencies collapsed altogether and the two were incomparable, which is extremely unlikely).  If it was under about $150, I would sell it and leave, but I think that the word "dead" is used too commonly and it takes away any genuine meaning for when things are dead.

[avikz]

I really don’t want that day to come to our life ever because I will face a huge loss and a long term plan of mine will shatter big time. However, I feel, if bitcoin goes down to $20, I would call it dead. Because, my savings will have no meaning at that price tag.

But again, if bitcoin start going down to $400 level, people will start panic selling which will increase the bitcoin supply in the market and further bring down the price. It will be a bad situation. If bitcoin dies, the crypto currency market will be in shambles for sure.

[Theb]

$0.00, actually not that magical.

Yeah that is the price of Bitcoin that will make it worthless anything below that as well. Other than that even if it is price at 1 cent per coin still has hope for recovery honestly with Bitcoin not being controlled by the government but by people who lust for wealth can make it possible to make it go down to that level of course let us not hope for the worst to come.

[Ayers]

$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

[calkob]

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 just cant ever see bitcoin being dead, it will never be worth $0.  lets face it the Tech is amazing it can help us do so much, but the politics is what is the problem.  There will always be some using it and i will be one of them.  but in answer to your question i would prob dump all my btc at $400 and buy back in later, but i think the dream of bitcoin in the thousands would be over.

[gentlemand]

but the politics is what is the problem. 

That's more than enough to kill it. The main problem with any crypto is the human factor but they're rather difficult to get rid of.

[batang_bitcoin]

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.

[ArnoldChippy]

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 just cant ever see bitcoin being dead, it will never be worth $0.  lets face it the Tech is amazing it can help us do so much, but the politics is what is the problem.  There will always be some using it and i will be one of them.  but in answer to your question i would prob dump all my btc at $400 and buy back in later, but i think the dream of bitcoin in the thousands would be over.

i do not think that we can consider bitcoin as dead in any exchange, i think bitcoin is one of the most active currency of the world and hope that in future it will also remain the same.

[pixie85]

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.

[20kevin20]

$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.

[machinek20]

I think if the price drop lower than 100$ it will mean bitcoin is seriously damage, and it show that there are not a lot people interested anymore and trying abandon bitcoin, at that point maybe I will start to dumped my coin and find alternatives

[pixie85]

I really don’t want that day to come to our life ever because I will face a huge loss and a long term plan of mine will shatter big time. However, I feel, if bitcoin goes down to $20, I would call it dead. Because, my savings will have no meaning at that price tag.

But again, if bitcoin start going down to $400 level, people will start panic selling which will increase the bitcoin supply in the market and further bring down the price. It will be a bad situation. If bitcoin dies, the crypto currency market will be in shambles for sure.

For the $400 to happen we'd need $900 first and I'm sure many people are waiting for the price to go back below $1000 to start buying. Normally the price always tests the bottom after going up. There's no infinite rise in any stock and the lower it goes the bigger the buying pressure gets. While only a couple percent of investors would be willing to buy Bitcoin at $1200 their number would at least triple at 1000 and so on. Probably each of us in this thread would be willing to buy at $500, which makes this price practically unachievable.

[Text]

I don't have a specific exchange rate that I would consider Bitcoin as dead, I know it will not happen for now. The price is going down but that it is how it fluctuates, what ever be the value as long as there are users who are using it I will not dump my coins because I know it will rise again.

[alani123]

I think that Bitcoin has gotten to a point that demand would never die off to a point that it can be considered dead under a certain price point. The whole economy surrounding it has certainly adapted to price ups and downs so it's unlikely that Bitcoin would die after reaching a certain price.

[FlightyPouch]

It will depend on how it will affect me, bitcoin supports me financially, but not totally. I think I will leave bitcoin if it is not giving me money to support me or I need.

[Junko]

For me personally, I don't think there is a price I would call bitcoin dead and sell all my coins. Again, for me personally, I have already realized profits. If bitcoin price went to $0.00 and I didn't sell any of what i currently have, I would have still come out ahead. I figure if that scenario were to happen, I might as well just hodl on to what I have - maybe even buy more - and just let them go into hibernation for however long. Maybe bitcoin stays dead and if so, oh well. But if it happens to resurrect itself somehow, some way... well then cool.

[_Miracle]

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