At what exchange rate would you call Bitcoin dead?

[aTriz]

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?

Definitely. If bitcoin drops to $1 then obviously there isn't really a point for anyone to use it anymore because there would be only a maximum of $21 million coins in existence, and that is definitely not going to facilitate all the transactions that happen around the world on a daily basis.

If this ever happens, bitcoin would have definitely been destroyed by an altcoin that emerged as a better alternative.

But I don't think it'll ever happen considering that most altcoins are not directly competitive to bitcoin but rather to complement bitcoin to provide a better service overall. And they acknowledge that without bitcoin, there won't be altcoins.

So I think it is safe to say that for now, we don't need to worry about that happening.

[1714928360]

1714928360

[Potatoh]

There's also the opposite end of the spectrum where the value of bitcoin is foreseen to reach $1000000 in 20 years... Bitcoin would be going towards dead if it starts to be not trusted anymore by the world, but the true death of it would be when it's worth negligible amounts like less than $0.50 per bitcoin where it will eventually reach $0.00, replaced by some better altcoin or just fiat currency.
Some better currency like a newfound memecoin?
dogecoin?

[X-ray]

if Bitcoin die, bitcoin will have a price of $ 1, many people will continue to use bitcoin, although prices are still falling. developher patent bitcoin prices in the price of 1 $, using bitcoin looks still more than gambling and traders.

Even that price will not enough to say bitcoin died, that would mean that bitcoin lost a lot of its attractive to investors but some people will still use for some transactions.

But that's mean if bitcoin become a zombie coin. Bitcoin is not dying nor live. Some of the coins which they haven't more development and the prices are plunged to zero satoshi.
I think if there will no demand and bitcoin will die. The fact if bitcoin still stay alive right now. it's hard to say it will never die. 

If bitcoin reached that price then there is no doubt that bitcoin will be in a bad shape and we could even say its agonizing but even at that point we cannot say bitcoin is dead, a currency only dies until its value reaches 0.

Yeah, but it seems just a delusional, But totally we are talking about a delusional question based on the speculation answer. in this time bitcoin will still be growing a lot.

But looks like it will be a magic if the price of bitcoin can be turned to the zero decimal.

[sevendust777]

I think bitcoin would dead if no one will used it anymore, no one will use it day by day transactions. I cant predict its rate but as far we have observe now bitcoin is growing daily and more attracts into bitcoin. Still it will alive for more years.

[roomfirst]

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?

When the price of bitcoin reach $10 per coins, i would call bitcoin dead even the price at $100. The bitcoin's price dropped to $100 is not a joke, something big must be happened on that day. When it happened, i'm sure all cryptocurrenies will be affected.

[iv4n]

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?

When the price of bitcoin reach $10 per coins, i would call bitcoin dead even the price at $100. The bitcoin's price dropped to $100 is not a joke, something big must be happened on that day. When it happened, i'm sure all cryptocurrenies will be affected.

I'm not sure what would happen if bitcoin drop on 100 dollars per coin, would people start to buy like crazy or that would be just last stop before going on zero.
There is no magic number, I agree with some members with that, if we get to the zero that would be the end of bitcoin currency, at 100 dollars it would be hard to decide what to do, to buy or just stand buy and watch it how it sink. I think this scenario will not happen, people are coming and spending more time here and generally we are more involved then ever.

[aesma]

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?

Two different things. The rate at which you dump and the rate at which you think bitcoin is dead should probably not be the same. It would seem that a value of 0 would make bitcoin "dead." However, can it ever reach zero? Doge constantly depreciates, it's worth far less than a penny per coin. It's not "dead" and I don't know that it would ever reach zero either. A coin doesn't reach zero until there is no longer trading activity.

If a coin will not have any trading activities means it will have constant value and not zero value. Only by continuous dumping (or simply through trading activity of selling), a coin may reach zero value.

Hopefully bitcoin will remain as an attractive trading option for traders until it will get all 21 million units mined out. So, I guess bitcoin will not have stable prices for next ~140 years hence some trading activity is highly possible and that will be on buying way as people want to use bitcoins as store of value.

The problem is that bitcoin needs an infrastructure. It needs miners, it needs online wallets, it needs people engaged in it.

If it crashes terminally, then all that will be gone.

[DrGuns4Hands]

$0.00, actually not that magical.

this is the real deal haha. I'm thinking the same too . if the price of bitcoin is $0.00 there's no reason to stay for because thats the price where bitcoin will die. if it's 0.00 will you buy bitcoin ? since its free theres no way that the price will grow again because once again its free and there's no reason for bitcoin to raise the price because many people will gonna have many bitcoin as they want.

[micher143]

I don't think bitcoin will be dead or drop the price in the 500$ or below because many users and member are supporting bitcoin and many people now are having a knowledge about bitcoin so the only way for bitcoin is to go up so I don't that will happen for me that is impossible.

[Kabul]

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.

Bitcoin can not die since it based on the digital and everything on the internet will keep surviving no matter how worse the world outside can be. Therefore, even if Bitcoin worth only $1, there will still many people love to use it because of the anonymity and the security. Bitcoin will live forever although its first places will be replaced by other potential cryptocurrencies

[TastyChillySauce00]

I don't think bitcoin will be dead or drop the price in the 500$ or below because many users and member are supporting bitcoin and many people now are having a knowledge about bitcoin so the only way for bitcoin is to go up so I don't that will happen for me that is impossible.

Not literally dead for bitcoin but a disaster for those miners who counting on earning from mining. They'll need to fulfil the expenses of maintaining their mining rigs, electricity, and so on. Back then before halving, $500 rate of bitcoin is enough for those miners and get a decent profit but for now, after halving, it's not enough.
Even honestly I think that the price of bitcoin going down to 500$ is kinda hard thing to be happened if there's not a really bad news regarding bitcoin occur.

[Nascor]

there is no "magic number" as you've mentioned. If there was people would just buy up to that number and sell everything shortly after

that's the beauty of this technology, the potential is only limited to the people adopting it and theoretically everyone could be using BTC

Will that be the future, no - is it nice to think of? It sure is

[fishbonez11]

Bitcoin is dead if it exchanges with zero value. Its like investing or buying nothing.

[Wingo]

At 0.00$   Nobody will ever use it if it has no value at all. The price started at about 0.07$ until many people used bitcoin and its reputation grows and now here we are, way too far from 0.07$.