Could btc hit 1 usd?

[changeinmanagement?]

Could some major shift or change happen that would bitcoin nearly worthless especially overnight?

[1715246319]

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[xskl0]

Only if Internet disappear or in case of apocalipsis zoombie with no survivals, the marketcap is too big and Bitcoin have the biggest database of the world and can coexist with other currencies. There are not reason for that.

[pawel7777]

Only if internet disappear ....

If internet disappeared, the price wouldn't drop as simply no one could sell it, so the price would be indeterminable.

As for OP's question - Yes, it is theoretically possible, but I can't imagine a scenario of btc crashing to one-digit level overnight, it'll take longer than that.

[CARrency]

Could some major shift or change happen that would bitcoin nearly worthless especially overnight?

Mahor shift, change, fork, network split, anything else that can affect bitcoin, it is still not enough to make bitcoin worthless or dump to $1 price. The first reason is because it has many users, even if it drops to that price, they wil just use that to buy more and the tendency will be a price pump. No matter how you think of it, as long as bitcoin has kany users, it will still sit at the top.

[knircky]

Could some major shift or change happen that would bitcoin nearly worthless especially overnight?

Yea totally!!

[AjithBtc]

Not at all a possible thing, even if the Countries all around oppose bitcoin this will be having certain value. The reason is that bitcoin has now got such a big value from a valueless state. So once again going back never happens until something happens that bad as a cyber war.

[Asrael999]

Could some major shift or change happen that would bitcoin nearly worthless especially overnight?

Yes - miner orchestrated double spend to eliminate say a competing chain post a hard fork could quite easily eliminate your coins if you are on the wrong fork
A coin that does the same as bitcoin only with faster TPS, better scaling potential and a community without its head up its own backside comes along and takes over.
Bitcoin was first - well so was the Neanderthal - and you don't see many of them on the street these days. Evolve or die.

[YuginKadoya]

Only if internet disappear ....

If internet disappeared, the price wouldn't drop as simply no one could sell it, so the price would be indeterminable.

As for OP's question - Yes, it is theoretically possible, but I can't imagine a scenario of btc crashing to one-digit level overnight, it'll take longer than that.

It is really possible for the impending the end of the world and there are really nothing we can do about it, and I think by that time all your bitcoins will surely be gone of existence,

I certainly agree with you because Bitcoin would not crash down ever with just a blink of an eye, it will take a lot of years and bad news popping out in a certain level that bitcoin can not handle anymore, but I think OP is also referring to the upcoming Segwit split and the BIP 148 if it occur!

[Genisys]

Yes this is a way of technology and everything is possible if in future some big technology come in compare of bitcoin and take his place than may be bitcoin and other altcoin even all crypto worthless because before 2008 no one can imagine crypto exist so we can't imagine the technologies which come in future

[socks435]

For now i couldn't imagine that the price of bitcoin can hit 1 usd each. Bitcoin today we are seeing it has a big potencial growth so if you are waiting for $1 value its impossible to see that price. maybe in the future.. if there's a big issue will happen with bitcoin.. and also if those exchange site will be the same as MT.gox or will be crash or hack in the future we will see a huge effect in the value of bitcoin but its still impossible to touch at $1.

[BitcoinBabbler]

Nah! That is not possible in the present scenerio... Unless there is a zombie apocalypse (ones eating bitcoins) or ww3 breaks out, we dont expect btc to hit $1 anytime soon...

[ImHash]

Could the world end as the planet earth vanishes in a day? yes absolutely that is very much a possibility and all it takes is a simple blow from the sun. But can bitcoin hit $1 in the next 50 years? no because that would be something else and not called bitcoin, whatever the code what matters is the name BTC and that will never become worthless.

[SHAWN-MIDWAYS]

Only if Internet disappear or in case of apocalipsis zoombie with no survivals, the marketcap is too big and Bitcoin have the biggest database of the world and can coexist with other currencies. There are not reason for that.

Bitcoins to be rendered useless overnight is nearly impossible!
Not even the crash of the internet could bring the price to a dollar because the Internet disappearing would mean BTC value is preserved and not crashed.

[AK47-]

For now i couldn't imagine that the price of bitcoin can hit 1 usd each. Bitcoin today we are seeing it has a big potencial growth so if you are waiting for $1 value its impossible to see that price. maybe in the future.. if there's a big issue will happen with bitcoin.. and also if those exchange site will be the same as MT.gox or will be crash or hack in the future we will see a huge effect in the value of bitcoin but its still impossible to touch at $1.

Exactly, as for now thinking about bitcoin becoming worthless is baseless. Bitcoin has huge potential. Bitcoin is dependent upon people's will. I think bitcoin holders have faith in bitcoin. Bitcoin is here to stay. It has given this world a completely new innovation i.e. blockchain technology. I think this is a start of bitcoin not end. Bitcoin is touching record heights at present.

[Weatherby]

You have to time travel to see the price of bitcoin at one dollar. There is no way that the price would go beyond $1000 in the near future and with all the developments around it is the way the future is going to be scripted,we might see a network split,hard fork,but the price wont doom just like that.

[JimboToronto]

Vitalik would like us to think so:

https://bitcoinmagazine.com/articles/bitcoin-is-not-quantum-safe-and-how-we-can-fix-1375242150/

 

[jc89]

It is possible when we are talking about possibility but on reality it isn't.

If overnight Bitcoin price will go down  to 1 USD the possible ways I am thinking is all Bitcoin holders/user will sell all their Bitcoin and all the exchange will abandon ship after selling all coins then all miners will stop mining. If all of that happens then we will not just see Bitcoin to USD become 1:1 but we will also see the formal death and final period of Bitcoin. However, since this will not happen then we will not see the effects of it.

[SONG GEET]

Could some major shift or change happen that would bitcoin nearly worthless especially overnight?

No I don't think we will ever see that, dump of 10-20% overnight is quite normal these days but price can't go to $1 or become worthless overnight. Bitcoin network can survive even with few nodes and miners so whatever price bitcoin will have, it will never shut down completely.

[freebutcaged]

Bitcoin is nothing but a bunch of bits of data stored on hard drives across the full nodes as they make a network, Bitcoin already worth $0 mate.

There is no central bank and there is nothing backing it up, no fixed reserve of gold nothing what so ever, if people stop paying for it then it has

No value at all. but if by any chance 1 in 100^1000 if price dropped from $2800 then I will buy as many as I can afford at $500 each.

[adzino]

It might hit 1 usd, but not over night. Actually the chances are very very extremely low. Something very unpleasant event should take place for the coins to get down that low, even though the price won't go down to 1 usd.