The Risks Of Bitcoin Going To Zero Has Gotten More Lower Than Ever

[oktana]

I'm one of those people that have sold at different prices but never did panicked when it was $3k. I'm one of those holders that remained faithful of holding bitcoin because I did believed that it will recover. Waited for just a year and have seen that it had recovered and was getting into a better price. The maturity of the market and the investors as going together. We're learning the simplest technique of holding and that's not to panic even if someone popular says that it's going down to the lowest or zero.

I neither sold at $3k but man, sometimes it's just OK to be scared. We know bitcoin is decentralized and not controlled by anyone but that doesn't save its volatile nature. Sometimes, the fear isn't the loss, the fear is about needing the investment before the price spikes up again. What if it drops to $3k again and never goes back up until 3years?  Maybe to you, you'd wait. But some people didn't plan to wait that long.

[Oceat]

First law of volatility, bitcoin price can crash. We need to remember that bitcoin price isn't based on what we think. It isn't controlled by anybody hence, it fluctuates on its own. Now let's imagine that the world economy crumbles really bad. This alone can make people in need, and being in need, you may not want to sell off your bitcoin but you may not have a choice either. Considering that it's the 'world economy' there'd be a lot of sell order, and just then, bitcoin price can start crashing. Now if the 'world economy' doesn't get better or keeps crumbling, this can cause the biggest nightmare for bitcoin.

And what you were thinking would less likely to happen in the future. I think what you meant is a world chaos where every country is struggling because of the world war but I really doubt this will going to happen. I think you know it for sure that world chaos is a catastrophe where there's no internet, while a piece of bread and a glass of water is more expensive than what do we own today.

This would really require a massive mess in the world just to bring Bitcoin down back to almost zero price.

[taufik123]

And what you were thinking would less likely to happen in the future. I think what you meant is a world chaos where every country is struggling because of the world war but I really doubt this will going to happen. I think you know it for sure that world chaos is a catastrophe where there's no internet, while a piece of bread and a glass of water is more expensive than what do we own today.

This would really require a massive mess in the world just to bring Bitcoin down back to almost zero price.

I believe that World War will not happen again. because each country has its own sovereignty and there is also a United Nations which will help prevent conflicts between countries or internationally.

Not only will bitcoin go to zero price when the world war occurs, even FIAT will experience a decline when the war occurs and it will be the destruction of the world.

The lowest price in 2018 was around $ 3k and at that time many people predicted that btcoin would fall to ZERO price and what has happened until now, the current price of bitcoin has almost reached the new ATH. this is a bitcoin cycle and bitcoin will not go towards the ZERO price. If the price of bitcoin goes very low it is our chance to buy as much bitcoin as possible.

[tranthidung]

Never mind about it please.

Bitcoin can rise or can fall and it can hit the price at $1 million or touch the bottom at $100 or any price in the future. Fortunately I can tell you that it will never touch $0, NEVER.

I strongly believe it because no matter what will happen, I can bet my life with you that there are thousands or millions of people on the planet will buy you 2 or dozen of pizza just to take one bitcoin from you. The price for one, two, dozen of pizza is bigger than $0. Is it convincible enough? I don't think TA or FA analysis here is needed.

10 Years After Laszlo Hanyecz Bought Pizza With 10K Bitcoin, He Has No Regrets

[Alucard1]

The probability of the bitcoin getting zero is not that possible, there are already many people knows about cryptocurrency and many establishments start adopting it as a means of payment, the more people know it, the more useful the cryptocurrency has then the lower the possibility that it will gong to be zero value, maybe shortly, bitcoin will be adopted in most countries and if that would happen the value of the bitcoin will go far away from zero and starts from going higher and higher.

The thing here is that most people think that bitcoin will go with zero value once it started up falling, once they see that bitcoin keeps on decreasing they will sell it right away because of thinking that they could waste their money if the bitcoin will keep on falling but there are still some who keeps it in their wallet as an investment, remember that the volatility of the cryptocurrency is its unique feature.

[Strongkored]

Even in the early days where only a few people knew about Bitcoin it grew, even more now with the support of community it not only made the possibility to zero lower but impossible, a lot of speculation but that's only speculation not the actually happen in future.

[Digitalbitcoin]

Renowned fund manager Bill Miller told CNBC on Friday "Bitcoin's supply is growing at around 2.5% a year, and the demand is growing faster than that and there's going to be a fixed number of them" He also said that the risks of the currency going to zero are "lower than they've ever been before". Truth be told, in as much as bitcoin is volatile (like its been jumping around in the past few hours), what he said is really true. Bitcoin grows on a daily basis. Investors come in on daily basis. Look at PayPal, look at square, look at JP Morgan. I mean these are big. One of things Bill Miller said which I've always told people is this "I think every major bank, every major investment bank, every major high net worth firm is going to eventually have some exposure to bitcoin or what's like it, which is gold or some kind of commodities"

See here

The media is biased. Especially when Big brands from media such as CNBC talks about such global thing in completely partial ways. Many Big names already explained the future and features of not just only Bitcoin but also technology behinds itself.

The future is definitely decentralized in the financial segment, with the digital economy globally for sure in the coming few years.

[pankowri]

I don't speculate so. The bitcoin value may not be stable still and it will never be stable. It is a volatile market. It has attained a decent position and it is proceeding with. Hopefully, this will proceed. There have been numerous ups and fluffs in Bitcoin running for so long. But so far it has not reached zero. Assembling a platform requires a lot of endeavor and allegiance. And it is ordinary to appear up and down. But it can't be that its position will go to zero.

[thesmallgod]

What do you expect? every year, the use of the blockchain technology is getting high and adoption getting increased. If bitcoin will not survive, it must have died within 1 year of the launch because those periods were the hardest for bitcoin to grow due to low adoption. It is  impossible to see bitcoin going back to zero even if there is massive ban in many countries. People will still find a way to make bitcoin work and guess what, 2021 might be the year we see a lot of international company adopting bitcoin too

[lovesmayfamilis]

If we talk about the fall in the price of bitcoin to zero, then it could be imagined in the first 5 years of its existence. Then he was known to a narrow circle of users. Today, the demand for bitcoins exceeds the supply. Many bitcoins were lost and were also stored in cold storage. Another factor that could affect the zero price of bitcoin is a complete ban on bitcoin by regulators.
But, as we all understand, this will not happen. Bitcoin cannot be banned. Therefore, we must admit that bitcoin is an asset that is gaining popularity every year, and it is unrealistic to wait for its complete depreciation.

[Kez1817]

The possibility of bitcoin going to zero is ZERO. From the creation of bitcoin until now, there are huge difference in terms of demand and value bitcoin now is very valuable and popular which you can see that the demand of bitcoin is already more that the number of supply. Even other countries don't want to accept bitcoin, it will still valuable and never go to zero value.

[drlukacs]

Renowned fund manager Bill Miller told CNBC on Friday "Bitcoin's supply is growing at around 2.5% a year, and the demand is growing faster than that and there's going to be a fixed number of them" He also said that the risks of the currency going to zero are "lower than they've ever been before". Truth be told, in as much as bitcoin is volatile (like its been jumping around in the past few hours), what he said is really true. Bitcoin grows on a daily basis. Investors come in on daily basis. Look at PayPal, look at square, look at JP Morgan. I mean these are big. One of things Bill Miller said which I've always told people is this "I think every major bank, every major investment bank, every major high net worth firm is going to eventually have some exposure to bitcoin or what's like it, which is gold or some kind of commodities"

See here

Bill Miller is right this time because the crowd is now realizing that Bitcoin really has the ability to fight inflation. As more and more external money flows into the crypto market, Bitcoin becomes even more valuable because the need to hold it is too high.
I think it's time for the real crypto revolution. It is receiving the support of many major countries such as the US, India, Russia and several other major countries in Europe. This halving event, plus the need to hold a lot of crowd, the price of Bitcoin may break ATH soon next year.

[shoreno]

Renowned fund manager Bill Miller told CNBC on Friday "Bitcoin's supply is growing at around 2.5% a year, and the demand is growing faster than that and there's going to be a fixed number of them" He also said that the risks of the currency going to zero are "lower than they've ever been before".

supply dont grow but maybe he mean to say its decreasing faster because the demand is also increasing faster but demand wont be fixed because people stop investing when price is verry high for them and they will buy often when the value is lower . the risk of btc going to zero have lowered because theres so much people are now involved and hodling a btc but its surprising that there are still people that track this thing  . even before when btc is created , it has already showned a great potential and its impossible for it to become a scam .

[Gotumoot]

The chance of Bitcoin going back below $1K is so low so for it to become zero is almost next to impossible.
AFAIK ever since Bitcoin hits $1K+ it has never gone down below $100 so I think it is really impossible to happen.

[Debonaire217]

The mechanism that bitcoin has which is halving of the reward for miners is what will assure that bitcoin will go to Zero, mining rigs are already been built across the globe and huge business has already trusted bitcoin for their assets. There's also not much recorded major Bitcoin frauds that exploit the entire bitcoin's mechanism in blockchain that could serve as a threat for people to distrust bitcoin. What we all have is just 2 choices, to trust bitcoin or continue with traditional payment system. The chances of Bitcoin going to Zero is when people holding bitcoin completely leave the market. How about those owner who already died and hodlers who lost their private key to access their wallet? Meaning, bitcoin's value will remain forever.

[blockman]

I'm one of those people that have sold at different prices but never did panicked when it was $3k. I'm one of those holders that remained faithful of holding bitcoin because I did believed that it will recover. Waited for just a year and have seen that it had recovered and was getting into a better price. The maturity of the market and the investors as going together. We're learning the simplest technique of holding and that's not to panic even if someone popular says that it's going down to the lowest or zero.

I neither sold at $3k but man, sometimes it's just OK to be scared. We know bitcoin is decentralized and not controlled by anyone but that doesn't save its volatile nature. Sometimes, the fear isn't the loss, the fear is about needing the investment before the price spikes up again. What if it drops to $3k again and never goes back up until 3years?  Maybe to you, you'd wait. But some people didn't plan to wait that long.

It's the others problem that you're giving as an example but given with the experience and pattern that we can see for bitcoin, I doubt it that we'll get to see those low prices again. This is way much better than those stocks of a company that can be dumped by its owners which is going to be more annoying and unacceptable. As you have said, bitcoin is decentralized so someone who's going to invest on it have to understand that it's either going up or down and he has to spare his feeling of being scared. If this ain't for him, he should look for lower risk investments.

[ScamViruS]

It is impossible for me to imagine that the price of Bitcoin will ever go zero. Because the price of Bitcoin is 1 BTC = 1 BTC, so bitcoin should never be zero. And now with the people’s interest growing in Bitcoin, it is easy to imagine how popular Bitcoin is now.

Two years ago my friends used to make negative comments about Bitcoin, they are now interested in Bitcoin and they are now involved in the Bitcoin community. Lots of people like them are getting interested in buying bitcoin every day. As time goes by, people's interest in Bitcoin will continue to grow. So the thing that everyone is interested in, the price of that thing increases, not decreases.

[teosanru]

The chances of bitcoin going to zero has been pretty much next to impossible anyway. For bitcoin to go to literally zero, literally everything should go wrong, along with the zero nodes running and such. Sub $1000? Though highly highly unlikely(and getting a lot more unlikely as time goes), it's still possible. But zero?? Nah man.

Well if Bitcoin goes to anything under $100 from where it is today it's just equivalent to going to zero. It would lost almost 99% of its value what is left in it to mourn? But I don't think we would see this day coming anytime soon. It's because even if the demand completely goes down the corresponding decline in value would make it stable. For example if I use 10 people today use 1 Bitcoin to pay off their $15000 obligation today. If price goes down by 10 times to $1500 then these users would instead have to use 10 Bitcoin to pay off the obligation of $15000. So value of bitcoin's to be specific won't go that down because it's demand won't.

[Yamust]

I also believe with that, I'm sure bitcoin will never go to zero as long as there are people supporting it. Although at some point of time or at some reason value will get low but will never going to zero. Bitcoin can still recover if ever value of it will drop down.

[oktana]

In the next 5-10 years, you should not even think about it. It is unlikely that anything will change so much.

Lol, you're making it sound like in the next 5-10 years, it's not possible but maybe after that time it's possible. If bitcoin survives the coming 10 years, then I don't see anything stopping it. Also, I don't see the price being this low in the next 10 years. Maybe around $50k or more.