Bitcoin price fall to Zero? Possible or not?

[famososMuertos]

Well, the poll puts $ 5k but we must remember that a little over a year ago bitcoin reached $ 3k. The minimum value of any cryptocurrency is given in its precision or subunit value, technically it cannot be zero. And in practice it is very difficult that there is no supply and demand for a bitcoin.

[conected]

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.

- One million dollars for a bitcoin, that is really the attractive number that many people want but I worry that you will not have the patience to look at that scene when a lot of perfect conditions are needed to optimize bitcoin to this price point, the biggest problem will be the interest of the government, they will hinder a money laundering tool. But even if bitcoin fails to achieve such a goal, forcing it to go back to zero is just too much of an imagination, a large number of investors will help the price of bitcoin maintain at its perfect level, they do not want to lose money so easily.

[OcTradism]

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).

The market need it for volatility. Without volatility, you can not trade bitcoin.

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

You can not trade bitcoin on centralized exchanges but there will be many other ways to trade bitcoin. On peer to peer marketplaces, on decentralized exchanges. Another way is direct exchange with bitcoiners around you. Everyone can make direct deals with each other and finish their trades.

Escrow services will be mandatory for your safety.

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

How many years since the birthday of bitcoin? 12 years and governments won't ban bitcoin or cryptocurrency as we have seen. They only have more rules, regulations on this market. That's all they will do.

(3) The entire bitcoin network and nodes going offline making it impossible to even make underground transactions in bitcoin.

If you have electricity, power, infrastructures, mining rigs (ASICs), and skills to set up your rigs, connect to bitcoin nodes, pools, you can mine. The network will keep moving forwards.

Apocalypse will destroy all things on this planet and bitcoin network will be killed only by this way.

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

Altcoins? They are shit coins and they can not kill bitcoin. They can only kill themselves, make suicide and end their lifespans.

[Wawa2013]

I don't believe Bitcoin will drop to $ 5k, let alone Bitcoin price falling to zero, it is absolutely impossible to happen. As long as there are still
transactions with Bitcoin, it is impossible for the Bitcoin price to fall to zero. Because with many institutions investing in Bitcoin nowadays,
Bitcoin fundamentals are getting stronger. This is what keeps the Bitcoin price above $ 50k in my opinion. But if it is true that Bitcoin drops to $ 5k,
I will buy a lot of Bitcoin. Because the Bitcoin price will definitely recover quickly.

[Mpamaegbu]

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.

There are people who will never buy if Bitcoin nose dived to $5,000 from its current price of $60,000+. They will say the "bubble" has burst and that buying at that price is catching a falling knife. Didn't we experience it when Bitcoin crashed to $3200 from its ATH in 2017? These ones waited until price picked and then they started chasing it.

From the various options above, I think the one that will greatly kill Bitcoin is the number 3. Others won't bother the Bitcoin community as much.

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.

It's simply because people still erroneously think Bitcoin is a bubble. People forget that there is a paradigm shift going on as it were globally and that Bitcoin is leading that shift.

[int03h]

Bitcoin is achieving very high decentralization so a zero value prospect is unlikely. I have thought a lot about this issue like the power outage or the internet outage around the world or all the institutions abandoning Bitcoin. Bitcoin has enough experience for every bad news, there are hundreds of value collapses so it can be said that when Bitcoin is dumped, people buy immediately.

[ALLON2017]

O course it can drop below 5k probably not zero , anyhow , I got a gut feeling the the whole crypto markets going to crash soon, all the Alts are so over valued it’s ridiculous,

[Bilgent]

It is possible for Bitcoin to fall to zero but not very probable, imo. Most of the governments don't seem like they aim to ban Bitcoin forever in their country. On the contrary, they make regulations and impose a tax on Bitcoin.

And if Bitcoin price comes down to 5k, I'd buy more because it'd be a great opportunity to be in even more profit in the long run. 

[danherbias07]

To sum it up, it's impossible.
High amount of crypto currency projects are already created and high percentage of it doesn't make sense what the purpose would be.
If an investor would pick, will he choose an unknown coin over Bitcoin. It's difficult to imagine that.

Government banning Bitcoin.
Not every government had the same view over what Bitcoin is. Japan is a good example.
There will always be a place for it no matter what happens.

[molsewid]

I don't believe Bitcoin will drop to $ 5k, let alone Bitcoin price falling to zero, it is absolutely impossible to happen. As long as there are still
transactions with Bitcoin, it is impossible for the Bitcoin price to fall to zero. Because with many institutions investing in Bitcoin nowadays,
Bitcoin fundamentals are getting stronger. This is what keeps the Bitcoin price above $ 50k in my opinion. But if it is true that Bitcoin drops to $ 5k,
I will buy a lot of Bitcoin. Because the Bitcoin price will definitely recover quickly.

Summing up the above mention of OP it was most likely impossible to happen or maybe some are having a slim possibility but reading it from the start, the certain condition was something that I guess couldn't happen for real to make bitcoin price fall to zero. But of course i may not just know really the starting bitcoin price in the market the day it was launch by Satoshi but I guess it also to zero and luckily made it to its current price to $50,000 and up.

[rodskee]

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

Your asking about the possibilities of Bitcoin falling to zero but your Poll seems too different from the title.
And also you have already answered all the possible questions.
For me, bitcoin will never fall to Zero because what ever happens there are already millions of Bitcoin that in the air and that means BTC will have a permanent value .
and about the Poll? I will Sell if the price fell down to 40k and will wait till the value drops to 5k and Buy all my funds and then rest to the grave .

[giantrobot]

I believe Bitcoin will not reduce the price to 0. Recently Bitcoin price has increased strongly after the influence of Covid19 translation. Bitcoin prices simultaneously increased by nearly 58,000 USD. Investors who boldly store Bitcoin for a long time to become a billionaire. So what reason Bitcoin has fallen back?

[Ebede]

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

Is possible for bitcoin price to fall to zero and before such a thing happened that means people are no longer interested in anything concerning cryptocurrency, but bitcoin price can go down that does not mean that bitcoin price can go down to the scratch, many people from their own knowledge of understanding of bitcoin.

[capcaypro]

what's wrong with the survey
if bitcoin drops to $ 5000, of course I will buy more because in the world of Crypto all coins are good depending on the fundamentals. specifically for btcoin this has been tested from 2015 until now the price continues to increase. and if bitcoin drops again to $ 5000 even though that is impossible I will confidently buy as much as I am sure it will definitely go up again with the time available.

[fullhdpixel]

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

Lol from the list you have here only number one is what I believe can make price of bitcoin drop or maybe kind of render it useless, because if there are no ways to exchange bitcoin, and all exchanges , both the centralized and decentralized exchanges, are no longer functioning, it will affect bitcoin. But even if that happens I think people will still be looking for ways that they are going to move it, which I can’t tell, but whatever happens, let’s not wish for something like this lol.

As for the number 2, the world governments all placing bans on bitcoin is not going to stop anyone from making use of bitcoin, people are still going to be making use of bitcoins when there is a ban, it doesn’t stop anyone from making use of it, people are still going to be using DEX, because DEXes are definitely still going to be there and people can also make use of p2p methods to trade. That is the same thing with that number 4, another cryptocurrency overtaking bitcoin wouldn’t cause it to drop to zero.

[tranthidung]

It won't. Never.

I made a joke topic about this

• Will Bitcoin fall to zero? Be woke with changes of No. of BTC with $ 1 million
• With same capital, $100 ie. the amount of bitcoin or its fraction you are able to buy has been decreasing. Despite of ups and downs, the trend is downward.
• People adapted to this trend by more regularly use fractions of bitcoin for their transactions rather than bitcoin

[acener]

I don't think that it is possible and regarding to the survey I think before it even hits that  low I would already sold all of my holdings even if it is just a small amount,
I wouldn't wait for it to reach that low again before selling all of my crypto and maybe I would leave crypto and focus on real world when it happens.

[robertjack]

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's price could potentially fall to zero, but there is no risk in this scenario. Bitcoin activity is growing in a legitimate way all over the world.

[slaman29]

I don't believe Bitcoin will drop to $ 5k, let alone Bitcoin price falling to zero, it is absolutely impossible to happen. As long as there are still
transactions with Bitcoin, it is impossible for the Bitcoin price to fall to zero. Because with many institutions investing in Bitcoin nowadays,
Bitcoin fundamentals are getting stronger. This is what keeps the Bitcoin price above $ 50k in my opinion. But if it is true that Bitcoin drops to $ 5k,
I will buy a lot of Bitcoin. Because the Bitcoin price will definitely recover quickly.

Yeah. Any huge crash will be over in a flash. Just look at what happened last March 2020. Huge huge crash but 60% gains and recovery in a matter of days.

Bitcoin is simply too big too fail, and too big to crash without a big rebound. Any crash that happens now is just a way to wash away weak hands and speculators.

[kamotharnn]

Everything in this world is impermanent. It means, things get to evolve/change or even replaced by another. Bitcoin, currently, has proven to be a good product, a better visionary for humankind which can reshape the future. But in the far future, about 100 years or less, it can be replaced, or banished. Our world is changing with an amazing speed and with the ongoing pace, new technology will be developed, especially innovations based on computer. I believe that when time comes, there will be a better solution than blockchain and bitcoin, when it already fulfill it quests, will rest in peace

Perhaps there might be a monument for bitcoin, the leader of decentralization