Can Bitcoin Become Negative in Value?

[davis196]

The negative crude oil price was very absurd and kinda funny.There's no such thing as a "negative price" in the normal world of market economy.
A negative price of -37 USD means that sellers will have to PAY YOU in order to convince you to "buy" their product(which is free).This is absurd and it will never happend.
Most Oil producing countries will be fine.Russia will face some hard times in the short term and the rich monarchies in middle east will have to cut their spending  for luxurious goods for a while.
Anyway,the Bitcoin price can't become negative,it might go close to 1K or below,due to a mass worldwide ban,but it will never be close to 0$ or below 0$.

[figmentofmyass]

Bitcoin's lack of privacy will prove to be its downfall just as the censorship of this once great forum will prove to be its downfall.

This is response is outstanding among the comments on this threads. I want everyone to pay attention to this particular comment as I ask this question.

With due regards, kindly explain what you mean by 'privacy of bitcoin' and 'censorship of the bitcointalk forum'

Thanks

he's trolling.

bitcoin privacy is better than ever before. in the coming years, we'll have taproot to obfuscate transaction type and dandelion to obfuscate IP address. taproot will even obfuscate atomic swaps for mixing purposes.

privacy at the open protocol level is lacking today, but mixers, coinjoins, payjoins, and TOR are a solid baseline defense against blockchain analysis. they can throw heuristics at us (which taproot will make totally ineffective) but even now, blockchain analysis is mostly probability based. most of it would never hold up in court.

by "censorship" i assume he means BCH and BSV stuff gets moved to the altcoin forums or deleted.

[K4C]

Bitcoin is value of crypto other country because Bangladesh is not accepted in bitcoin. Bangladesh govt don't accepted in bitcoin. bitcoin is illegal for Bangladesh but not other country. So other country accepted bank or booth and other payment getaway. Bangladesh some are people are using bitcoin they are not proper way to get more profit because Bangladesh govt can,t accepted in this currency.

[wozzek23]

Uuhm,  ???I don’t think that such can happen to Bitcoin. There was a reason why the Oil market has dropped to a negative price. The news has it that in a bid to avoid incurring storage cost, the sellers are now paying their buyers to take deliveries. This is the first time that such has happened in history, and to be sincere, a lot of people in the past would have doubted that such a thing would ever happen, but now it happened.

So in the case of Bitcoin, I am not going to doubt it, neither am I expecting it to happen. It would be better that it never happens, because a lot of people would see that as an opportunity to make some foolish comments. Bitcoin will keep growing, and as the years goes on, the community will grow along with the price.

[Lorence.xD]

I don't think that it will ever come to that and the reason for that is the fact that it has a limited supply and the supply withing the circulation is also dictating how much the price will be (supply and demand), unlike oil, bitcoin is a currency and oil is a commodity, right now the pandemic is ravaging the world and making a worldwide lockdown which in turn will make people unable to go to their jobs and it also means that there will be less transport that is going to occur, which greatly affected oil prices because again the supply and demand does not match obviously, my point is that bitcoin will never go in negative value because it is a currency, for context, did the value of Bolivares go negative?

[iamsheikhadil]

To have a negative value, the cost to keep an asset should be more than its viable cost to sell. If there are laws to ban bitcoin and punish even if we hold it, then we gotta pay others who are going to hold it for us for a fee. And if that fee is greater than the value of btc,  voila! You just got paid to receive bitcoin.

[Ozero]

I am even pleased with the current state of the oil products market. Mankind has long had to gradually abandon the use of oil and stop polluting the environment. We have practically unlimited sources of energy - these are wind and solar energy. The current situation in this market and the apparent abrupt climate change may make us finally take a different look at the use of natural resources.
Cryptocurrency has a completely different nature of its functioning. Here completely different problems are possible and negative cost does not threaten her.

[Maestro75]

What if the following happen:
1. A ban in the demand for bitcoin and a ban in the use of bitcoin.
2. Backing off of bitcoin miners from the business of mining?

Could these causes bring the value of bitcoin to something similar to the historic oil Price drop of $-37.63?

What do you have to say about this?

The first case is very unlikely to happen. We have passed that period when we got scared that bitcoin was going to be banned the world over. It rid not happen then and I do not see it happening now. The second case is likely to happen but I do not think all miners will leave at the same time. There are miners who do what they do for the love of bitcoin. Those miners will not leave.

[witcher_sense]

The second case is likely to happen but I do not think all miners will leave at the same time. There are miners who do what they do for the love of bitcoin. Those miners will not leave.

The block reward (block subsidy+transactions fees) is the only reason why miners continue to mine coins in the bitcoin network. If there weren't any incentivizing aspect like that, the bitcoin network wouldn't exist at all. Nobody is mining just for the love for bitcoin, because this is very expensive process to prove the work. Miners are selling their time and electrical power to be rewarded with bitcoin. Some of them do love bitcoin, but still they likely have to sell it all the time in order to cover the costs. Satoshi Nakamoto designed the network so that there would always be an incentive to keep it safe. He understood that no one would work for just love alone.

[Republikcoin.com]

the case for WTI oil has a reason why the price is minus. it is because their supply is abundant while demand is not as much as inventory. I read in some news that the cost to temporarily stop production is greater than making reservoirs for abundant oil, so they make the price minus, or even pay for anyone who wants to hold the oil. well, abundant supply and production is the reason, while bitcoin has limits for it, even mining also requires time, and demand is very much. for now, I don't think the price of bitcoin can be the same as the price of the WTI oil.

[arwin100]

What if the following happen:
1. A ban in the demand for bitcoin and a ban in the use of bitcoin.
2. Backing off of bitcoin miners from the business of mining?

Could these causes bring the value of bitcoin to something similar to the historic oil Price drop of $-37.63?

What do you have to say about this?

The first case is very unlikely to happen. We have passed that period when we got scared that bitcoin was going to be banned the world over. It rid not happen then and I do not see it happening now. The second case is likely to happen but I do not think all miners will leave at the same time. There are miners who do what they do for the love of bitcoin. Those miners will not leave.

That would be a massive pull out if that thing happens but how could they do that if they already establish and got a good benefit from mining bitcoins, can they do this with the the other alts? maybe yes but for sure its for short term only and for sure if all miners will not synchronized for sure there will be a different figures on results and I don't think they will leave bitcoins either since this is strong crypto among the others.

[grimico33]

I do not think that the price of bitcoin can be negative, halving is done so that there is no currency inflation, the number of ATMs for cryptocurrencies is increasing, more and more countries are starting to use bitcoin more than before. Therefore, it is difficult to imagine such a thing as a negative price.

[coolcoinz]

Could these causes bring the value of bitcoin to something similar to the historic oil Price drop of $-37.63?

What do you have to say about this?

Bitcoin's lack of privacy will prove to be its downfall just as the censorship of this once great forum will prove to be its downfall.

The lack of privacy is not a problem of Bitcoin but people who choose centralized exchanges. I feel totally anonymous holding and exchanging my BTC, as I never do it on platforms that require KYC.
Regarding the negative value, oil went negative because it sold for less than it costs to mine it. Bitcon can easily go into that kind of negative.

[Assface16678]

Could these causes bring the value of bitcoin to something similar to the historic oil Price drop of $-37.63?

What do you have to say about this?

Bitcoin's lack of privacy will prove to be its downfall just as the censorship of this once great forum will prove to be its downfall.

The lack of privacy is not a problem of Bitcoin but people who choose centralized exchanges. I feel totally anonymous holding and exchanging my BTC, as I never do it on platforms that require KYC.
Regarding the negative value, oil went negative because it sold for less than it costs to mine it. Bitcoin can easily go into that kind of negative.

If we are talking about the security of the bitcoin we don't have a problem regarding with that because all of the information and security of the bitcoin is already encrypted, just many people said that the bitcoin is not secured because they already experience some errors and scams but this is not the mistake of the bitcoin itself it is all about the user because by visiting the unsecured platform, fill up a form that is came from u known sources, clicking a link came from emails. That is the cause of too much damage to your devices and this is not quite good, because it causes damage to your accounts because they have no access to your devices. @OP in terms of the negative value the bitcoin does not have any chance in terms of getting negative value because it is used for every transaction so the market price and value of the coin may circulate and still has a value to maintain, we all known that the price of the coin came from the lower price too, the price may bring down but does not reach a negative value.

[coolcoinz]

If we are talking about the security of the bitcoin we don't have a problem regarding with that because all of the information and security of the bitcoin is already encrypted, just many people said that the bitcoin is not secured because they already experience some errors and scams but this is not the mistake of the bitcoin itself it is all about the user because by visiting the unsecured platform, fill up a form that is came from u known sources, clicking a link came from emails. That is the cause of too much damage to your devices and this is not quite good, because it causes damage to your accounts because they have no access to your devices. @OP in terms of the negative value the bitcoin does not have any chance in terms of getting negative value because it is used for every transaction so the market price and value of the coin may circulate and still has a value to maintain, we all known that the price of the coin came from the lower price too, the price may bring down but does not reach a negative value.

What are you even talking about?
This is the definition of shitposting. People could learn from you how to write a decent looking but meaningless paragraph. You just took a bunch of words like "the bitcoin", "price" and "value" and mashed it up in a random order. Great nickname by the way. This really looks like something an assface would write.

[pakhitheboss]

Could these causes bring the value of bitcoin to something similar to the historic oil Price drop of $-37.63?

What do you have to say about this?

Bitcoin's lack of privacy will prove to be its downfall just as the censorship of this once great forum will prove to be its downfall.

For more than 10 years now nothing of that sort has happened and for the next 10 years, I do not foresee anything. I can only see the growth and adaptability of Bitcoin. I cannot comment about the forum as I still consider my self new here.

I was shocked for reading a market breaking new as strange as this.

I paused and reflected again and again by applying this condition to other market assets.

I read from Blomberg that the price of crude oil has declined into a negative  of $-37.63/barrel.

What will happen to countries that depend solely on crude oil revenue?

What will happen to the investors in crude oil?

A very serious reflection is that fact that, is it possible for bitcoin value to also drop into the negative?

What if the following happen:
1. A ban in the demand for bitcoin and a ban in the use of bitcoin.
2. Backing off of bitcoin miners from the business of mining?

Could these causes bring the value of bitcoin to something similar to the historic oil Price drop of $-37.63?

What do you have to say about this?

That only happened in the USA and not Globally. the Brent crude price which is used by most countries was still holding and is still holding on.

As per my knowledge crude is a non-reusable physical entity. It can go into negative if Global consumption becomes zero. Bitcoin is a digital assets so it is only available digitally and not physically. If the global internet shuts down then it will disappear or in other word vanish. It can never go to into negative numbers but end.

[Reatim]

Could these causes bring the value of bitcoin to something similar to the historic oil Price drop of $-37.63?

What do you have to say about this?

Bitcoin's lack of privacy will prove to be its downfall just as the censorship of this once great forum will prove to be its downfall.

For more than 10 years now nothing of that sort has happened and for the next 10 years, I do not foresee anything. I can only see the growth and adaptability of Bitcoin. I cannot comment about the forum as I still consider my self new here.

and we will count another 10 years again that nothing like this will happen so OP is just wasting His time asking this stupid question here.

Bitcoin will Grow and lose many times now and in future but not to the extent that the price will goes negative like OIL share last month.
because crypto is not like Stocks and also not that affected or physical world.

[verita1]

The price of a barrel of crude oil declined to a negative $38 as we know is due to the effects of the Covid19. The transportation system is paralyzed worldwide as a result of covid19, therefore, there is no demand for crude oil to create fuels.

After leaving the state of emergency we will gradually recover. It is a chaotic situation but keeps the faith that we will recover. We need to be optimistic, imagine you I live in Venezuela that we depend on oil exploitation, we also gold and other minerals but we are blocked by the USA. It is a terrible situation for us.

A shocking way to put historic oil price drop in perspective
https://nypost.com/2020/04/20/drop-in-oil-prices-could-go-swimmingly-for-you/

[YOSHIE]

What you need to know Bitcoin has been a long journey today ten years since it was founded, at first only a handful of cryptographers were known, Bitcoin initially only used a payment method called the dark web, very grateful to current Bitcoin users for special attention to the mainstream since 2013 until now.

Along with the growth of the global era that supports the government, people who understand Bitcoin as a potential revolutionary crypto, with a large increase in demand with a total capacity of only 21 million units available, thus making the price always positive and expensive.

Bitcoin cannot be valued from crude oil or the reduction in oil in the world, both in terms of its usefulness or otherwise, bitcoin does not become negative only in favor of the world's crude oil, ada banyak hal yang dapat membuat Bitcoin positif.

What you really need to know is that Bitcoin in the future depends very much on its users and also these two factors, 1. The method of media trading / buying and exchange 2. as a storage of high-value currencies such as investment.

[Sayma83]

I don't think the price of Bitcoin will be as ridiculous as the price of oil, because Bitcoin is not controlled by any particular person, and the price of oil is ridiculous because of the common Covid-19, and Bitcoin may rise because of the Covid-19, because of the different paper money. If everyone uses Bitcoin / Crypto Currency in case Covid-19 is found, then there is a risk of getting a lot of protection from Covid-19 in terms of transactions, considering that aspect. May be able to laugh with it, I do not think the price.