Bitcoin price fall to Zero? Possible or not?

[Rruchi man]

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.

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[tyz]

What a survey Why would someone sell only at 5k? The current price is >50k. Makes absolutely no sense. The question would rather be, do you sell when Bitcoin falls below 50k and do you buy when it reaches 5k.
That's how I did it in 2017. Sold most of my BTC at 12k (a bit too early in hindsight, but you never know how far it will go up) and in the years after, then gradually bought back in at 3, 4 and 6k. Today, that's a nice profit.

[DannyHamilton]

It is not possible for Bitcoin to drop to Zero.  It could drop very low, but it can not drop to zero.

I know this for a fact, because when the price drops to $47.62 for 1 million Bitcoin, I will buy ALL the available bitcoin.  Therefore, the price can NOT drop below that.

I also know of another person that will buy ALL of the available Bitcoin when the price is $100 for 1 million Bitcoin. Therefore the price can NOT drop below that either.

I suspect that there are additional people that will buy most (or all) of the available bitcoin at higher prices than that.

[seoincorporation]

There is another reason... If someone cracks the code and gets all the private keys then the value would go to zero. I know it sounds like an impossible idea, but it should be possible in the next 10 years with quantum computers.

Just imagine that scenario, someone sending all the coins to the same address on a single transaction, that would be a crazy end right?

[The Cryptovator]

Quite confused about where to vote, so no vote for the poll. Government stop Bitcoin doesn't mean it will be Zero or not usable. They can't stop transactions by the way. If all miners stop mining Bitcoin then I will mine, so the transaction isn't going to stop anyway. If no exchange then peoples will buy peer-to-peer, buy-sell not gonna stop since it's a community-backed currency. I can't recall the name, but do you know a DeFi token crossed Bitcoin price? But it wasn't an effect on Bitcoin anyway. That all means Bitcoin not going to ZERO anyway if the world exists. But I have to say in the end, your thoughts are quite unrealistic and it doesn't go to happen. But price dump or more up is possible anytime for any reason on the crypto. That's why Bitcoin is much popular.

[jonval21]

If the price falls to $ 5k it is most likely that many will take advantage of buying very cheap, although I do not see that this can happen due to the investment of companies and celebrities who are investing now, it is most likely that instead of going down it will go up more of price, Glassnode bets that it will continue to rise in price, some celebrities are with the NFT fever, now in a certain way more people will be able to reach the market, some will be interested in Bitcoin.

[Stedsm]

(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.

1. That won't happen ever because the day it got started getting traded, it was the first ever win of Bitcoiners.
2. Making it illegal? For what exactly? Is Bitcoin a drug? No, it's now a high-class asset.
3. Impossible because mining won't stop, at least not till it's highly profitable and the rewards keep coming in. Even if some miners stop mining after rewards are over, there'll still be many good miners who will mine BTC on their Goodwill.
4. Nevertheless, it won't happen ever.

[Luzin]

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).

I think that could happen, for example because the whole world completely prohibits all forms of crypto transactions. Imo. Bitcoin is valuable because of the element of trust if all is lost it could just fall.

But for now I think it's hard. Many people already feel very confident that bitcoin is the future of money. Moreover, the total supply of bitcoin has been determined, so the possibility of a failure to inflate money will be very small. On the contrary, because the market needs more and more fixed supply, the price will increase.

[boyptc]

Just as you've said, most of them are unlikely to happen. It won't fall to zero and stop thinking that it will happen.

Yes, it's volatile but why is it that this scenario are still being thought by some. This has been thought by a lot of fud spreaders before.

[dothebeats]

Bitcoin's price falling to zero is not possible at this point in time anymore, considering that the institutional machineries are now at play and are affecting the flow of bitcoin's market one way or another. Even if it is to crash by 90% from here, many people would surely see that as an opportunity to buy more instead of giving in to the pressure of a 'failing' market. After all, we've been into similar scenarios in the past, and each cycle that that event happened, we bounced back much higher than where we were previously.

[uneng]

There is another reason... If someone cracks the code and gets all the private keys then the value would go to zero. I know it sounds like an impossible idea, but it should be possible in the next 10 years with quantum computers.

Just imagine that scenario, someone sending all the coins to the same address on a single transaction, that would be a crazy end right?

I have seen such speculations regard quantum computers and it makes me fear this possibility. For me it's similar to the eternal fight between virus and antivirus, where one is always trying to evolve faster than the other to overcome it's opposer. Bitcoin is safe right now, but what guarantees it will remain safe along the next years with possible threats to its ecosystem evolving at same time?

[Ibrahim60]

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

Bitcoin price will fall to zero. Are you kidding? Oh man! This will never happen. Bitcoin is the most popular and potential coin in this present time. Day by day Bitcoin gonna accept by renowned company and person. So many people starting invest on bitcoin and hold them for future. And for this reason bitcoin price gonna increasing. There is a chance to drop some. But this is never gonna happen that bitcoin price goes to zero.

[Renampun]

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

of course, Bitcoin will be worth zero if something like the one above happens...
but we must return to the fact that Bitcoin will not be worth zero, as long as there is still 1 person making Bitcoin transactions, the price will continue to exist. investing in Bitcoin is currently the most promising in comparison to gold and stocks.

[rendravolt]

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.

[tippytoes]

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

of course, Bitcoin will be worth zero if something like the one above happens...
but we must return to the fact that Bitcoin will not be worth zero, as long as there is still 1 person making Bitcoin transactions, the price will continue to exist. investing in Bitcoin is currently the most promising in comparison to gold and stocks.

The likelihood that those scenarios presented will happen is very very low. So I don't think bitcoin's price will go down to that level. Even if we have corrections today, we are seeing that bitcoin has very good support at 50k level. So I don't think bitcoin's price will fall to 0 or 5k again. Maybe, it is a wishful thinking of those that didn't get a hold of btc at a lower price. But we can't regret today, just move and think forward.

[ShowOff]

I will not be too paranoid about the future of bitcoin which is currently being phenomenal among the world community. Some countries legalize bitcoin as a mean of payment, while other have not. Bitcoin has become an asset that is much more valuable than 1 kg of gold some time ago, entered institutional investor, thousand of new users appeared. So why should you bother asking those who believe in the future of bitcoin?

of course, Bitcoin will be worth zero if something like the one above happens...

Don't just read the thread title, take a look at some of the question in the pool and maybe the OP himself believe that it won't be worth 0. "If the bitcoin price falls below $ 5k, will you sell?". Bitcoin may still face competition from other cryptocurrencies in the more mature future. But that won't leave him short of users because what you can do today with bitcoin you can still do in the future.

[Fatunad]

(4) Another crypto overtaking bitcoin and value and more people shifting investment to this new crypto.

The only thin i do consider valid is this one which bitcoin could possibly go to zero when the entire community shift into another cryptocurrency in the market.
We know that it would be less likely to happen but we know that nothing do last forver because everything will be varying with the demand.
Why we do talk about bitcoin going back to zero? If that happen then i doubt to those people who had chosen up to buy it lots will surely
have doubts in mind if ever that do happen.It isnt bad to be still positive but if this situation do happens then you can presume
that interest is all gone.

[Skieleton]

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

I wouldn't panic so much because the prognosis is really good ...

BTC to USD forecasts for January 2023.
At the beginning, the price is $ 130,231. Maximum price $ 132,953, minimum price $ 115,557. Monthly average $ 125,749. Bitcoin price forecast at the end of the month $ 124,255, change for January -4.6%.

Bitcoin price forecast for February 2023.
The initial price is $ 124,255. Maximum price $ 124,563, minimum price $ 108,265. Average for the month $ 118,374. Bitcoin price forecast at the end of the month $ 116,414, change for February -6.3%.

BTC to USD forecasts for March 2023.
The initial price is $ 116,414. Maximum price $ 144,493, minimum price $ 116,414. Monthly average $ 128,090. Bitcoin price forecast at month-end $ 135,040, up from 16.0% for March.

Bitcoin price forecast for April 2023.
At the beginning, the price is $ 135,040. Maximum price $ 167,611, minimum price $ 135,040. Monthly average of $ 148,584. Bitcoin price forecast at month end $ 156,646, up from 16.0% for April.

BTC forecasts to USD for May 2023.
At the beginning, the price was $ 156,646. Maximum price $ 180,136, minimum price $ 156,566. Average for the month $ 165,425. Bitcoin price forecast at month end of $ 168,351, May change of 7.5%.

[MinoRaiola]

Anyone who compares Bitcoin to stocks has not understood cryptocurrencies. Bitcoin is a currency by definition. In contrast to stocks, this does not generate any dividends, so that no real cash flow can be generated. Bitcoin is not a company that can be valued on the basis of business assets, number of employees, sales or even intangible goods such as patents. However, the cryptocurrency is a hard asset like gold. So the value never goes to 0 ... rather the internet dies.

[Oasisman]

It is not possible for Bitcoin to drop to Zero.  It could drop very low, but it can not drop to zero.

I know this for a fact, because when the price drops to $47.62 for 1 million Bitcoin, I will buy ALL the available bitcoin.  Therefore, the price can NOT drop below that.

I also know of another person that will buy ALL of the available Bitcoin when the price is $100 for 1 million Bitcoin. Therefore the price can NOT drop below that either.

I suspect that there are additional people that will buy most (or all) of the available bitcoin at higher prices than that.

Count me in.
Im buying at like $50 per Bitcoin since I can't go lower than $47.62 because you're bulk buying at that figure lol.

Anyway, @OP those scenarios you have mentioned are considered 'Impossible" at this current timeline because :

(1) No way to trade bitcoin or exchange it for goods and services.

No way that's happening because me and the other guy above are buying Bitcoin when the price falls below that specific figure we mentioned. So, that means Bitcoin can still be tradable.

(2) All governments of the world placing a ban on bitcoin and bitcoin related activities making it highly illegal.

Nope, Local government units are even appreciating Bitcoin and starts accepting it. So, how do you think that these governing bodies will turn the table around and totally ban Bitcoin?

(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.

Both impossible.