Bitcoin can go to Zero

[Rexler]

This idea is like saying the world will come to an end when some agency come to cut some functional part of it away. This isn't  going to happen in any way. Bitcoin going to zero is impossible and even if sec come for exchanges, will it take all the exchanges out automatically? Removing stable coin won't stop Bitcoin movement, it will strengthen the move in the progressive direction and you can always calculate the value anytime.

Exactly my point, just because stable coins will be removed doesn't mean it's going to stop bitcoin from growing, bitcoin has been there way before digital stable coins came into existence besides its calculated in USD not USDT so I'm wondering how the removal of stable coin like usdt will make the price of bitcoin to dump down to zero it's impossible, at least if stable coins are removed it will do bitcoin more good I guess, their market cap could be transferred to bitcoin.

[Zionatin]

Its not gona happend becouse btc value will be zero it might happend becouse the btc price comes from the Computer system wich reading the prices of the exchangers.

First of all what kind of ghetto talk is that?

NO tradable asset can go to 0 as long as it's still being traded. It's mathematically impossible because you cannot pay 0 for something with a 0 exchange fee.

As long as bitcoin contines to exist and be traded it will have value and it's not even going to be 1 cent or 1 dollar. It's going to be much more.

The OP is a pain and an annoyance that spams nonsensical things all over the forum. Here is just one quote of their unfathomable intellect. "I dont like that not my keys not my btc I think its dumb statement! " such a clever statement to make right? Bait topics and troll topics. Lack of research before making topics leads the user to create topics on things that have already been discussing extensively. There at least 4 topics like this for example.

Anyone who says something can go to zero should not be spoken to ever again. Nothing in this world has a value of 0. Everything has a value it's the basic laws of the universe. Even if bitcoin stopped being traded entirely it still would have value because there would be people willing to buy wallets with bitcoin in them as collector's items or just because they can.

[Fundamentals Of]

-snip-

Wait minute......  Btc price currently comes from USDT.  and yes its from exchangers

You been long user here yet you dont know even this?  Im new and teaching you,  shame on you!

What? Come again. Did you say the price of Bitcoin comes from USDT? Shame on you for being that shallow!

And the price is coming from exchangers? If you said exchanges, I would have understood somehow. Are you saying there was no price for Bitcoin before the exchangers came into play? Go, look for a teacher! I'm out!

[Bitcoin577]

This is impossible. Bitcoin totally depend on buyer and seller attraction. Even if all they buyer stop to buy bitcoin price would not be zero
 Its imaginary world. We are in real world and focus on current status of bitcoin,attraction of people toward bitcoin and which exchange is best for trading.
I think this will help us to improve our knowledge about bitcoin. Negative think cannot provide any thing.

[BigBoy89]

Here is why

Before the fiat system collapse btc can go to Zero.
It might happend when SEC will come after exchangers and stable coins.

Its not gona happend becouse btc value will be zero it might happend becouse the btc price comes from the Computer system wich reading the prices of the exchangers.

The indicator for price are fiat e, g the stable coins.
If you cut off the stable coins the value of stable coins will be zero then you have no way to calculate btc price in fiat.

The Bitcoin purpose is not you to get rich or anyone to get rich its to transfer current system in to blockchain smooth way as possible.
and its correlated with federal reserve activity
I will search more about this issue...

Neither will fiat system collapse nor bitcoin will go to zero.
Cryptocurrencies are so small and niche product compared to the glocal finance system that it's not even worth the effort to explain it.

[ReiMomo]

According to this article, there is 2.6M bitcoin to be mined, it takes time to be mined all bitcoin and every year there could be a lost bitcoin due to the wallet cant able to unlock. Now your question is bitcoin can go to zero, that is impossible, there was always bitcoin that could be mined and the demand and supply will remain and the value could not drop to zero value.

I just now reply to your post because I super disagree that bitcoin will go down to zero, you may lock this thread now. All you needed to know has been answered above.

[bitcoinfuck]

yes i will buy all btc for 0$  just for a memory

[Noctis Connor]

Here is why

Before the fiat system collapse btc can go to Zero.
It might happend when SEC will come after exchangers and stable coins.

Its not gona happend becouse btc value will be zero it might happend becouse the btc price comes from the Computer system wich reading the prices of the exchangers.

The indicator for price are fiat e, g the stable coins.
If you cut off the stable coins the value of stable coins will be zero then you have no way to calculate btc price in fiat.

The Bitcoin purpose is not you to get rich or anyone to get rich its to transfer current system in to blockchain smooth way as possible.
and its correlated with federal reserve activity
I will search more about this issue...

You're living in 2030 already to worry that much about bitcoin to go zero , even fiat currency die bitcoin can still go further it was decentralize which if there's a user and still using it will stand as long as forever, Even SEC stop support crypto currency it is still okay since there are so much stable coins already to support each other , as you can see there are lots of investors having interest to put their asset in bitcoin. Bitcoin is like gold that you can stock and increases its price volume, Then you can use it in the future if your still alive thou.

[BADecker]

Bitcoin can go to zero, just like fiat can. But they won't. The reason? Because countries and banks will always have a difficult time controlling bitcoin, and there will always be people who like Bitcoin better than fiat.


The Psychology Of Money

This article argues that the final solution is bound to be with central banks and government treasury departments retaining their control as issuers of money by the only means at their disposal: deploying their gold reserves to back their currencies, not as fiat, but as credible gold substitutes.

Central banks own no bitcoin, which effectively rules it out. They may try their own equivalents, central bank digital currencies, but they are simply another form of fiat money and will also fail — assuming there is enough time for them to be introduced. In any event, the eventual replacement for fiat money needs to be beyond government control (other than the state acting as a monetary trustee, ensuring gold coins are always available for exchange) and flexible enough for its users to collectively set the quantity that acts as money. A formulaic medium such as bitcoin does not provide this flexibility, but gold clearly does and has proved its suitability in the past.

[nutildah]

There's other and IMO more practical ways in which the price of bitcoin could go to (or at least approach) zero; the most likely and sudden of which would be exploiting some sort of flaw in the code that was previously unknown. Perhaps the NSA uses a backdoor in SHA-256 to derive peoples' private keys from their transactions and gets caught subverting bitcoin funds being transferred by ISIS or something.

Upon mass realization that there are ways to exploit the bitcoin's security, the price of BTC would plummet.

Even then, I don't think it would go to zero because no doubt there would remain a chance that the flaw could be patched and a new hard fork would be launched. So people would probably rather hold on to it for those chances rather than sell it for pennies on the dollar.


I suppose it would be much simpler if the internet disappeared and couldn't come back. Then bitcoin would definitely go to zero.

[witcher_sense]

It seems that the author of the topic would skip not only Economics classes but also mathematics classes. If the price of bitcoin is to be divided by zero, then the price of it will be equal to infinity. An infinite number of worthless units. It also works the opposite way, if the price of dollars tends to infinity, then the price of bitcoin expressed in dollars is almost zero. So, your conclusion is logically and entirely incorrect. Seriously, you still don't comprehend what money is and how value is expressed. Money is merely a frame of reference, like meters or kilograms. What would happen if we suddenly abolished both meters and kilograms? Following your logic, everything around us would lose mass and size, the world would collapse because we would not have ways to express it through numbers. Does it make sense? If not, you should reconsider your view regarding the importance of stable coins in expressing value.

[kotajikikox]

I will search more about this issue...

Why not Research to Find a Job instead so You'll be gone for Good , I remember the account named @HardFact that once acting like you in the past .

But When the Bull happens recently ? he changed Course and now becomes a Bitcoin not only supporter but also HODLER.


Having those Read Tags inside your account only Proves that You are literally Have no accurate stand in life ,instead a Loser that feels Bad because he was exposed and can't continue His intentions here.

https://bitcointalk.org/index.php?action=trust;u=2835857

Ponzi promoter and a Possible Loan scammer.

[kapalmabur]

to zero? This is the silliest prediction I have ever heard, bitcoin is still very popular in the world,
there are still many demands that make Bitcoin valuable, it's not easy to get to zero!

[BrewMaster]

people always have dreams and you can have them too. you can sit behind your computer in the basement and keep on dreaming about bitcoin dying, dumping, ... while creating dozens of topics every week trying to FUD but the reality is that your dreams never come true when they make no sense at all.

even if you are getting paid to FUD i doubt you are making any amount of money from it and if you are trolling then its just worse because you are wasting your time for free

[ChrisPop]

Even if they close exchangers I want my money back from the CEO of the exchanger.
I guess will be stressful life if you hold many investors money!

Let's see who will be next bernie madoff
And that bla blahh dont even count that not your Keys not your coins...  when big money is lost  traders will be not in the mood to joke around.
They bought all ready..

Exchange owners who don't want to return investors money by hiding them in various ways probably don't have any conscience so I wouldn't count on them living a "stressful life". 

As I said professional traders only trade for fun on unregulated exchanges like Binance,Huobi, Bittrex, etc. Or they are using high leverage exchanges like Deribit or Bybit so they need to hold only a small amount of their account on the platform, thus reducing the risk of third-party default.

[BitcoinFX]

"Bitcoin can go to Zero"

Zero what ?  

Once something stops being produced, eventually there will be nothing left ...

- https://www.biblegateway.com/passage/?search=Isaiah+39&version=MSG;NIV

...

"You cannot trade in diminishing intangibility" - BitcoinFX

[Shasha80]

If the internet is down forever Bitcoin can go to zero, but as long as there is an internet connection I am sure there are still people
who make Bitcoin transactions. After all, conducting Bitcoin transactions does not have to be carried out on exchanges, so there is
no need to worry if the SEC bans the exchanges. And regarding the stablecoins created after Bitcoin how is it possible to make Bitcoin
zero value, because in my opinion the price of Bitcoin is not based on stablecoins.

[nutildah]

According to TPITK (the people in the know), a decent ice age is coming ,
in which food will be scarce and the majority of energy will be needed to keep people alive during the winter.
When it comes to dying for bitcoin or letting bitcoin die so people can survive , the answer is clear.
People will win out in the above scenario.

Weird how people that hate bitcoin so much tend to ascribe to these bizarre biblical fantasies about armageddon. Maybe its just a general aversion to change that holds people back from accepting progress.

As a bitcoin proponent, I'm comforted by the fact that your entire plan to collapse bitcoin relies upon an incoming ice age. People will win out by buying bitcoin.

[manfredmann]

No, it could not happen because there are dead bitcoins that could no longer be access especially the old bitcoin being mined or from faucet receive in early days tha has forgotten due to the fact that bitcoin before has almost no value compare at present which is clearly the opposite. But, if you are referring to bitcoin being prohibited to be used in all aspects like as a digital currency or an asset yes bitcoin could have no value. Hopefully it will not going to happen.

[panganib999]

Here is why

Before the fiat system collapse btc can go to Zero.
It might happend when SEC will come after exchangers and stable coins.

Its not gona happend becouse btc value will be zero it might happend becouse the btc price comes from the Computer system wich reading the prices of the exchangers.

The indicator for price are fiat e, g the stable coins.
If you cut off the stable coins the value of stable coins will be zero then you have no way to calculate btc price in fiat.

The Bitcoin purpose is not you to get rich or anyone to get rich its to transfer current system in to blockchain smooth way as possible.
and its correlated with federal reserve activity
I will search more about this issue...

Neither will fiat system collapse nor bitcoin will go to zero.
Cryptocurrencies are so small and niche product compared to the glocal finance system that it's not even worth the effort to explain it.

Yes, we all aware that bitcoin is definitely unstable because of being decentralized. But I don't think that bitcoin will be ever getting drop to zero again nor the fiat. I agree to the idea of bitcoin isn't a thing for a bitcoin to drop because the value of it based on the stock on the market. We are aware that there are lot of people mining and earning bitcoin today so it is nearly impossible to erase the value of it today. Also, in this year bitcoin achieve its new highest value in the market. And as I can see, bitcoin will remain in the top and continue to achieve some of its goal. Next year bitcoin will not drop to zero but achieve a new high time value I guess.