What Could Make Bitcoin Drop To $5?

[EmJay]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

I don't think it will happen anyway because bitcoin has it's name already and is the number one crypto currency since then. Bitcoin is spreading in the world and people knew already what is bitcoin and they keep supporting it so to lower down into 5$ is very far to happen.

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[electronicash]

people will only try to buy thousands of BTC for their stash if BTC falls that low. miners will probably lose hope but those who will continue to mine will get more. BTC will still survive even if drops that low for whatever reason is. hacking is not possible, quantum will be dealt i don't think its even an issue. but $5 will keep me up all night to at least seek loan from all the people i know so i buy thousands of BTC.

[error08]

There is nothing could make it, just impossible.
If something goes wrong in bitcoin nodes or something bigger happens such as the internet shut down due to nuclear war,
then it more likely bitcoin will fall to zero not $5.

[Memminger]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

According to the basic fact in economics, the demand plays a vital role in a price of a certainproduct as well as the stocks in the market which is basically the same also in cryptocurrencies. The relation is direct meaning when the demand is high then the price would tend to be higher while when the demand is low he the price would be much lower. I think Bitcoin dropping to $5 would most likely not happen due to how the public wants it and the grwoing popularity.

But if it happens then surely the demand had dropped which may had a lot of couple of reasons like there was an altcoin who offers a much better service than Bitcoin or any other wild ideas which I don’t even see to be happening.

[jets567]

There is a huge amount of money which is circulating in Bitcoin's market and I'm pretty sure that those whales will not let Bitcoin to be dump at $5, they will do everything with their power to keep the price going up for their own benefits. The only realistic event that can dump Bitcoin value is, if the government put a total ban on Bitcoin globally and anyone who found out using it will be jailed.

[wxa7115]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

There is nothing I can imagine that could make the price to go to those levels, there are more chances the price goes to zero than chances for the price to crash that hard and not reach zero, this may seem contradicting but it is not, if a bug was found that allowed a malicious party to destroy bitcoin then the price will go to zero and will forever remain at that level.

But if we leave the market forces to move the price of bitcoin then even if a series of difficult events happened that reduced the price drastically we will never see bitcoin at 5 dollars since there will be many people like us willing to buy bitcoin and making the price to go higher.

[alexsandria]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

Literally this is possible yet unattainable considering the situation of what bitcoin have right now and in the next year or months. I cannot think of anything besides of total banning of bitcoin all around the world which is not close to being real. Though it doesn't yet prove if bitcoin would be going at 5$ after that. What makes bitcoin increased its price is the people itself, so, remove them then such thing couldb really be possible.

[iamaruf]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

It can be happen if people don’t use bitcoin. But it is impossible.othrewise impossible because bitcoin is brand now.up and rise in bitcoin is okay but drop to 5$? Maybe it is possible only in dream    

[Republikcoin.com]

thinking that the price of bitcoin can reach $ 5, that is impossible. when the price of bitcoin goes down that far, then bitcoin will not be valuable. imagine, when the price dropped from thousands of dollars to $ 5, I thought no one would use bitcoin anymore.
That will happen if people don't have the opportunity to use bitcoin, and that happens when the internet has been deactivated. after that happens, I think people will refocus on their real-life business or work .

[danherbias07]

You would not really like to see that happen. Yeah, no doubt about that.
I think it was 2014 when it reaches $1k and then suddenly a big fall again at 2015 at $300.
That hurt me much than what happened this 2017 from the $20k mark. It all looked fake to me.
While that 2014 $1k is the time where bitcoin is building a momentum to gain value and be seen by the people.

It really is a heartache so better stay with just slow fluctuations by now.

[arwin100]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

It can be happen if people don’t use bitcoin. But it is impossible.othrewise impossible because bitcoin is brand now.up and rise in bitcoin is okay but drop to 5$? Maybe it is possible only in dream    

Yeah it possibly happen specially if goverment will implement a strict regulation to ban the bitcoins worldwide and any person who use will face a penalty and if these case will came for sure bitcoins price will go down and provably will reach to that level. I know it's better to think positive but if you escalate the things surrounds on it you will ask yourself if bitcoins will survive for more longer years.

[cryptoangel]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

It can be happen if people don’t use bitcoin. But it is impossible.othrewise impossible because bitcoin is brand now.up and rise in bitcoin is okay but drop to 5$? Maybe it is possible only in dream    

Yeah it possibly happen specially if goverment will implement a strict regulation to ban the bitcoins worldwide and any person who use will face a penalty and if these case will came for sure bitcoins price will go down and provably will reach to that level. I know it's better to think positive but if you escalate the things surrounds on it you will ask yourself if bitcoins will survive for more longer years.

I think current market is support the new innovation of banking sectors, So I think future will going to moon and some huge investors are trying to control the market but once regulation will occur at entire world automatically peoples are stop the upcoming prediction. Further years little dump only possible and huge pump also occur anytime.

[Wilhelm]

It can happen if the fundamentals of bitcoin break. If anyone can raid acccounts of everyone bitcoin would become useless and go to $5 and lower.
Just like gold would become $5 if we found out that the core of the earth was pure gold.

[STT]

Zombie attack isnt the reason, the price should go up with any breakdown of conventional markets because Bitcoin has less dependance on city based operations.
   $5 says one thing and its the compromise of the main protocol and its debatable if any transaction completes if the price were this low because the cost to find a block might be too high.     So I do think BTC can continue but its going to fall back to the zero cost mining, places powered by solar power and hydro power not otherwise used and on really slow equipment maybe, the block time might alter drastically from the 10 minute mark.

Its not impossible BTC recovers from some kind of awful failure, it has happened at one point or time so that alone makes $5 unlikely as speculators will just hold from $100 downwards in a lottery ticket type way.   Anyhow we are talking liquidity problems at some point, external attack isnt the problem this is about internal dynamics.   The reason BTC keeps rising year to year is we live in a world where FIAT continues to fail to keep long term integrity which makes BTC look increasingly required.

[Hippocrypto]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

It can be happen if people don’t use bitcoin. But it is impossible.othrewise impossible because bitcoin is brand now.up and rise in bitcoin is okay but drop to 5$? Maybe it is possible only in dream  

Yeah it possibly happen specially if goverment will implement a strict regulation to ban the bitcoins worldwide and any person who use will face a penalty and if these case will came for sure bitcoins price will go down and provably will reach to that level. I know it's better to think positive but if you escalate the things surrounds on it you will ask yourself if bitcoins will survive for more longer years.

For now there's no possiblity for all countries to ban bitcoin, since it was providing benefits for every individuals who belongs to the community. Furthermore, as decentralized currency; the government has no strong regulation that can prevent from using it. Let's not close doors for bitcoin, because for a meanwhile we're still intact and strong to come up a good potential in a perfect time.

[fabiorem]

You jumping in a time machine and departing to 2011.

[EdenHazard]

I don't believe that a nuclear war would have a negative impact on Bitcoin price, as it could be safer than most Fiats.
So, not all apocalyptic scenarios would have a negative impact in bitcoin price. Highly unlikely it would hit 5.

I think with nuclear warfare, we would likely not really care about crypto-currencies at all, especially if it took out internet access for a lot of people (you can store and hold BTC without internet, but you still need it to send transactions). We'd likely move to a bartering system where items like food and water would be the most crucial and most traded items.

It would need a series of events that would affect the internet, or the finance system, in general, to cause BTC to fall to 5 dollars. Demand and supply will always be there in our regular society.

It's a bit exaggerated if you guys saying that when the internet goes down ... that moment bitcoin could fall into pieces as low as $5 even worthless.

It will bring a domino effect, not only bitcoin but any other financial system , banking , government and many more that connected to the internet will down too. This is simply doesn't makes any sense but yeah that's the worst scenario on your list.
The most reliable one for now is when quantum computer can really break a blockchain's cryptographic code. Can we agree about this?

[wajik-tempe]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

That means someting great had been replacing bitcoin a main cryptocurrency. What will i do is not buying it aymore and sell it before it go zero. But i think it's almost impossible to happen because the supply is getting less each day and the demand would likely to increase. So the price will increase, i think if the price go 5$ there must be something happens like massive hacks or system crashed

[tukagero]

I was just wondering if it is possible. What event or series of events could crash the price of Bitcoin to $5? What will you do if that happens?

even how many times i think what will be the cause of bitcoin price to go $5 . Still i cant think any reason for it.  Maybe if all people agreed not to support and  destroy btc that will be the end of it.

[beerlover]

I have always thought about this and I came to realize that there is not much that could make bitcoin go under 5 other than people really going into something else. Bitcoin itself can't be  banned that much, it can't be suspended, it can't be stopped.

What could happen is just like how we invented bitcoin and liked it, maybe there could be a better method, I am not talking about another cryptocurrency btw, it is not a new crypto that becomes better than bitcoin, that is not it. I am talking about something brand new that has nothing to do with crypto or currencies and it is better compared to bitcoin. I have no idea what it could be but I wouldn't be able to imagine bitcoin 11 years ago neither so it would be something brand new from a great mind like satoshi.