tomahawk9
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October 22, 2018, 03:50:33 PM |
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Like bitcoin was 20k in jan so if it reaches less than 1k we can consider it dead?
No, at those levels there will still be a lot of demand since the price reached so cheap levels. Remember that no matter what the price is, Bitcoin has reached high levels of trust among cryptocurrency users, if the price reaches 1k, the overall sentiment will be extremely bad, but only for a short time as there'll be a lot of positivity around Bitcoin, especially from investors who will pour tons of capital to buy btc at low prices. Even at $100, btc won't die, as long as it keeps working as intended and demand still surrounding the market, you can bet that Bitcoin will be around for a very long time. But to answer your main question, a coin will have to reach very low levels of trading volume in order for exchanges to finally delist it. If there's no demand for a coin then, eventually, it will die.
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The Seller
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October 22, 2018, 03:53:08 PM |
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It cannot be used as a reference, because a coin is considered dead or will be delisted from an exchange if the market no longer requests for the coin.
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sammyp
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October 22, 2018, 03:55:58 PM |
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This is a tricky question but I think a coin will be considered dead when it becomes priceless. Priceless not in the sense that it is too expensive for people to afford but when it becomes useless and no one places a buy order for it.
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sultanGol
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October 22, 2018, 03:58:48 PM |
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The market cap of Bitcoin would still be very high, even with a price of 1000$. Would not be dead at all IMO. I would consider a coin dead, when it's value is 0, so there is nobody, who would pay for it.
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Javed zaman
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October 22, 2018, 04:10:40 PM |
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There is not any fixed amount at which a currency die. For example during The Great Depression of 1929, The German currency fell down steeply but that did not meant that the currency died. A currency dies when there is no use of it anymore.
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bitfocus
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October 22, 2018, 04:42:12 PM |
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A coin never die, especially BTC or ETH, their value can be under your mark, may be they will take longer to climb up than you thought, but never dies.
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princesspoppy
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October 22, 2018, 05:17:45 PM |
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What is the price at which a coin is considered dead or when an exchange decides to delist the coin? Like bitcoin was 20k in jan so if it reaches less than 1k we can consider it dead?
As long as there are people using, investing and trading with a certain coin/token, that coin/token will continue to exist. Price is another indicator that a coin is still alive and will still exist in exchanges. No matter how low the price become, as long as it doesn't reach zero value, the token is to invest into. If ever bitcoin dumps to less than 1k, we still can't consider it dead. Remember that before bitcoin reaches $20k dollar last year which is the highest peak it reaches after almost a decade, it started from $100 but still it gives us that price last year.
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BQ
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October 22, 2018, 07:12:39 PM |
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bitcoin was $1 once, and crypto has grown a lot beyond bitcoin. money is still made in a down market, so exchanges would still be running! if people rush to sell their bitcoin = more cut.
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Shakiraroyce
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October 22, 2018, 07:25:51 PM |
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It's mostly because of the price. It's more on the reason on why the specific coin/token dropped in price. Developers abandoned it? Then chances are it might indeed die of no other developers take over and if there are no running nodes left. Also, with bitcoin? It won't be dead even at $1. It was made to work and to be up running regardless of price. When bitcoin was new, it was almost worth nothing. But yet, it was "alive" and working.
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oceantiger
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October 22, 2018, 07:39:21 PM |
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No coin can be considered dead till it is de listed from the exchange. Just remember that no one has lost any money despite the price till when you sell off at a loss. All you need is patience which all cryptocurrency traders are known for. So allow the coin to recover and move back through the market operations to the top. Market sentiments is responsible for the price movement and no one is manipulating the market so just wait till your coin turn around.
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Romeotom
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SOL.BIOKRIPT.COM
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October 22, 2018, 07:40:29 PM |
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Actually we buy bitcoin for trading with our future profit,i think bitcoin price going to down then coin market also down.many coin/token can be make huge profit for their holding.but ico investor something risk and It favors our foreheads.
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ramesh770
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October 22, 2018, 07:45:01 PM |
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What is the price at which a coin is considered dead or when an exchange decides to delist the coin? Like bitcoin was 20k in jan so if it reaches less than 1k we can consider it dead?
When their is no trade for a long time in any coin in exchange then they decide it to delist it. About the price that can be anything until it is getting traded with volume it will be listed and it wont be considered as dead.
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ranman09
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October 22, 2018, 07:45:53 PM |
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I think it's not the price its the user and the miners itself that determine if a coin is dead or not. You see if a miner doesn't mine or connect to the network the user will feel it and will leave the coin looking for a better coin.
It's all about how users feel about it, usage wise.
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kaya11
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October 22, 2018, 08:03:32 PM |
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I personally believed that a coin will die based not on its price but on it's volume, how people continuously buy and sell the coin. So all in all the coin is still in used on a daily basis or if not it has a promising future ahead and that what makes it alive. Holders believe that at some point it will soar, despite the bearish market they keep on increasing their holdings making the coin alive everyday.
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killat
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Be the reason someone smiles today
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October 22, 2018, 08:10:43 PM |
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I don't think bitcoin is going to die. It will always be known as the first crypto and will continue to lead the entire crypto market. As for the whole cryptomarket We'll probably see we'll probably see 10-20 trillion market cap in a few years from now.
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Harrisonimo
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October 22, 2018, 08:33:17 PM |
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What is the price at which a coin is considered dead or when an exchange decides to delist the coin? Like bitcoin was 20k in jan so if it reaches less than 1k we can consider it dead?
The bitcoin has gone past the fears of going below 1k$, reasons being that it has attained a level of credibility and relevance with the world financial bodies such as the SEC. As for other tokens, I believe of the trading volumes have really reduced overtime and it is now being over dumped, it can be prone to be delisted.
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darkangel11
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October 22, 2018, 09:46:22 PM |
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BTC can't be delisted or considered dead if it goes down to 1k USD simply because 3 years ago it was trading below 1k and it wasn't delisted. Technically if BTC went below 1k right now it would signal that there's something really wrong with the coin and that it's failing to follow the curve of adoption, but as long as people want to trade it exchanges won't delist it. What gets delisted then? Usually coins with no volume, coins that are proven scams, coins officially abandoned by their teams, coins with major flaws that nobody wants to patch.
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maxilopez
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October 22, 2018, 09:48:06 PM |
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yes definitely. if bitcoin will cost less than 3k dollars, I believe that he will not have any further prospects for growth
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BitcoinHunt3r
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October 22, 2018, 10:11:29 PM |
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What is the price at which a coin is considered dead or when an exchange decides to delist the coin? Like bitcoin was 20k in jan so if it reaches less than 1k we can consider it dead?
I think it is all about volume trading in market, as long they still have volume or wallet not in a problem, exchanger wouldn't delist it and people still can trade in there. Even bitcoin dumped very much, i think it wouldn't make it delisted.
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burky155
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October 22, 2018, 10:31:49 PM |
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I don't think the price went down to $1.000 level ever. But "if" it happens, it would not be die for the bitcoin it would be die for all the cryptocurrency market. But when i think about the billions $ of marketcap and giants investments from all over the world, i would never think that it happens.
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