Bitcoin price fall to Zero? Possible or not?

[arwin100]

Here are some scenerios that can cause the price of btc to fall drastically. (In my opinion, it is highly unlikely and the possibility very slim).
(1) No way to trade bitcoin or exchange it for goods and services.
(2) All governments of the world placing a ban on bitcoin and bitcoin related activities making it highly illegal.
(3) The entire bitcoin network and nodes going offline making it impossible to even make underground transactions in bitcoin.
(4) Another crypto overtaking bitcoin and value and more people shifting investment to this new crypto.

source

No 3 is what can really bring down bitcoin to zero, am always afraid that the bitcoin network/nodes will one day go offline making it impossible to carry out any transaction on the bitcoin network. If not even the government have no power and the technological knowhow to bring bitcoin down.  if government have the capacity to distroy BTC it could have done that a long time ago because the government have always been against bitcoin.

Maybe they can't stop it because they don't have any control but if all country will ban bitcoin and put fine on someone who use this could be the start of bitcoin falldown. But in reality this will never happen since as long as bitcoin gives opportunity to the people I don't think government will do a bad move to erase bitcoin in the system.

[Questat]

Maybe not, but that is too slim to happen for now. The adoption has spread already, more people are now very confident of using Bitcoin. And as we can see, the price is increasing continuously every year, could we think that it shut down and fall drastically? Even reaching $10k is really hard, home much more if we think about $50.

No, all of these are just presumptions and that all of these things are most likely it is too far from happening.

[jesselui]

Yes, it can lose a lot of value. Yes, it can make a lot of people lose money. But it will never be zero in my opinion. This is why nobody can replace Bitcoin as a unique currency right now.

[CryptopreneurBrainboss]

Here are some scenerios that can cause the price of btc to fall drastically. (In my opinion, it is highly unlikely and the possibility very slim).
(1) No way to trade bitcoin or exchange it for goods and services.
(2) All governments of the world placing a ban on bitcoin and bitcoin related activities making it highly illegal.

These two particularly will do more good than bad to the industry. The fact is, there can't be no no medium to trade bitcoin since the technology is decentralized meaning we can always transact without anybody knowing what's going on. The centralized exchange can be stopped from operating but that can't be done with the decentralized exchanges. We had bitcoin been transacted before exchanges were even developed.

I'm pretty sure the centralized exchange would come up with a way of going decentralized if restrictions are placed on operating cryptocurency exchanges globally. Humans are known to always be rebellious so we those that'll deliberately want to counter the government and would be willing to spend millions in achieving this. The industry has matured to the extent it can't just be wiped out if the spotlight.

[elisabetheva]

If what is said above will happen, of course it will change bitcoin to zero price. But the fact is that it will never happen until whenever, so far we often hear news like bitcoin is going to die, bitcoin scam or an exchange has been hacked. All the news is like a blowing wind and after that bitcoin continues to move and many companies are adopting bitcoin.

bad news and stories that happened to bitcoin were clearly exhaled for the purpose of them being able to make profits by buying when the price dropped drastically. but is it possible, I agree with the colleague above that the news will disappear by itself and things that will not be possible can happen.
Even before @elonmusk bought, there were many companies that invested in bitcoin because they believed that they would make a lot of profit compared to investing in others.
So don't expect the thing that bitcoin will die or disappear, it won't be possible.

[Alucard1]

I never think that bitcoin will go zero value, it can go down but not to the point that it can reach zero because its current value ranges from $55k - $60k, and if it goes down up to $20k then for sure a lot of people will buy bitcoin, a lot of people are now into bitcoin, they do not trust bitcoin because of the things that have happened right now as many companies are now buying bitcoin, this currency already build the trust of many people so if there would be a whale that will go to sell huge money to the point that bitcoin could go down for about $20k then it would be a good opportunity to buy bitcoin and I don't think that a lot of people will lose this chance to buy and invest once again in bitcoin.

[Lorence.xD]

I don't know about the other reasons that OP listed besides number 1, if there is no trade happening then there is no change in prices, but you are right that most of them are highly unlikely because it should've happened in the stock market a long time ago.

[rokon1234]

I don't think anyone will sell bitcoin when it is $5k and many people will want to buy more bitcoin at this time.So, I will also decide to buy more bitcoin at that time.

[xceltoken_plus]

No. It would never become zero because zero is no demand. And there will always be demand for Bitcoin and its cult and someone out there will always be willing to buy it.

Thinking exercise: Will you buy Bitcoin at $100 in 2019 knowing once it was $20k? If answer is yes, then Bitcoin can never be zero.

[shoreno]

no way the number 1 could work if without the help of number 2 even though 2 is serious but atleast there is a chance of unban but if number 3 will happen no way btc will be useable even if no worldwide ban will happen  while the the number 4 is not enough to push the price to zero because if you look at other cryptos that are overtaken by other new cryptos , thier value didnt plunge to zero  . you should relate your poll to your topic  , make it zero instead of 5k

[Trinx01]

Once the bitcoin will no longer tradeable the price of the bitcoin will not change so I don't think why you included this as one of the reasons. Bitcoin would never be zero, as its current price I don't think that it would be possible for bitcoin to get zero because once the bitcoin's price will go down, people will take this chance to buy more bitcoin and invest, and by that bitcoin will pump once again. The government won't make bitcoin go. to zero and they can't even kill bitcoin as well. Bitcoin already proves itself for many people and investors to the point that even huge companies have bought a crazy amount of bitcoin just like what Tesla has done.

[Dewi Aries]

If price below 5k from this current price, maybe a lot of people already sold their coins and wait good price to buy, maybe because of that people will choose to buy more include me. And for bitcoin price fall to zero, i think it can be possible since there are a lot of reason maybe why people not use bitcoin anymore.

[AniviaBtc]

What a nonsense topic, bitcoin will never lose its value in the market especially that it has already a lot of investors.

Bitcoin is developing and improving day by day and it is really now reaching $100k mark and it is not impossible.

Also there's no reason for bitcoin to fall into $5k price because there are already a lot of coins that can also push bitcoin to much more popularity.

[isaac_clarke22]

~

To zero is too absurd, so please revise the title at least.
Even if government imposes a ban to cryptos in their country, people would still find ways like p2p transactions.
From what I said from these ban-related topic in their ISP, people would still be able to use VPN.
Number 4 is like a "bruh" moment to happen, so I doubt that.

[adzino]

Here are some scenerios that can cause the price of btc to fall drastically. (In my opinion, it is highly unlikely and the possibility very slim).
(1) No way to trade bitcoin or exchange it for goods and services.
(2) All governments of the world placing a ban on bitcoin and bitcoin related activities making it highly illegal.
(3) The entire bitcoin network and nodes going offline making it impossible to even make underground transactions in bitcoin.
(4) Another crypto overtaking bitcoin and value and more people shifting investment to this new crypto.

source

It is a decentralized market where the price is determined by the demand and the supply. As long as there is one person who will buy bitcoin (creating a demand), the price will never go to zero. And I am sure there is at least one single person in the earth who will still want to hold and buy bitcoin even if it crashes very badly.
Again, it is a decentralized coin and the government can't ban it. There is no central authority who  government can ban. If they wish to truly ban the coin, they will have to ban each and every citizen from using it and closely monitor them.

[skillqore]

Really this is an uncertain topic the bitcoin price will be fallen or raised. The term “blockchain” has become a buzzword lately, but few know what exactly is behind it.

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[Kelvinid]

If we think that Bitcoin will able to reach $100,000 in the future, then we could say that Bitcoin will never fall and back to zero in value.

ZERO means nothing and it means people are not investing/holding any crypto at all. Is this be possible? No direct answer for this but as usual, people are asking and hoping that this crypto could last longer and so latecomers still have the chance to enjoy their life having Bitcoin.  

No, this is not possible in the next 10 years, because a lot of money has been invested in bitcoin. But the price may return to $3.5k

What will happen in the next 10 years? Have you seen it already? I hope I could believe that but it can't and I was believing nothing it happens like that.

[NeuroticFish]

I don't think the Bitcoin price can fall "to 0" unless some serious bug/error/exploit is found.
Then it depends on how fast the price and people reacts, but I expect most remain bag holders instead of selling fast enough.

However, the scenarios written in the topic are highly unlikely.

No, this is not possible in the next 10 years, because a lot of money has been invested in bitcoin.

Indeed, because of the big money in it it has to be something serious.
But if an exploit is found and investors lose confidence, everybody will hurry to sell. Of course, 1BTC = 1BTC, no matter what.

But the price may return to $3.5k

It's rather difficult to fall so low. It may never go under 5 digits....

[Poker Player]

A trillion dollar asset going to zero? I don't think people ask that kind of question with similar assets? Will silver ever be worth zero? Will google someday be worth zero? If we talk about 100 years from now maybe because you never know. But if we talk about nearer futures it is practically impossible. It is much more likely that its value will reach $1M and more.

[ChiBitCTy]

I don't think that Bitcoin could ever fall to zero.  Take a look at the shitiest of shitcoins right now and you'll see even they likely haven't fallen to zero.  There is too much stuff that bitcoin can do that will keep bitcoin above zero not matter what in my opinion.  I suppose it is always possible that another coin overtakes bitcoin, but I don't see that happening anytime soon.  For bitcoin to go to zero that means everyone would have to sell and I just don't see that happening.