Bitcoin price fall to Zero? Possible or not?

[repear7]

Price fo btc can drop. But, It’s not possible to be 0. Btc is now a decentralized cryptocurrency. And popularity of btc is so much. Now price is around $60k. And i still believe price of btc will increase more.

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[bounceback]

I think the price of bitcoin will be higher every year than down to 0 actually this will not happen, especially if we see that lately the price of bitcoin is slowly starting to increase and its popularity is also increasing every year. And now almost all governments are starting to accept bitcoi well in every country.

[Om.monata]

nothing will happen to bitcoin falling to zero. This is an unsubstantiated statement, I even believe that the price of bitcoin is very high and this could be an option to buy. considering that the potential of bitcoin is very large and the potential for bitcoin is still favored by many large investors making it impossible if bitcoin goes to zero

[romero121]

With the ongoing market trend and increase in the adoption never let the price fall low to $50k. Bitcoin is in high demand, starting from the low level of people to the large scale business owners. This will keep the price of bitcoin pushed forward rather than falling backward. For people who want to buy at a lower price can just have patience and pray daily. If not the only possibility is to invest on low price altcoins that are predicted to give good return in the long run.

[iTradeChips]

If you are going to ask me, I don't think that Bitcoin will go down to that level. I mean if you are going to think about it, that has not happened to Bitcoin ever. Price becoming zero is impossible, as even if Bitcoin dwindles in popularity, given the history of the coin, somebody will buy the bitcoins and might store them on a disk or something and possibly put it in a museum to show them that on this disk lies 21 million bitcoin. Crazy thinking perhaps, but the point is simple, somebody will be interested in buying bitcoins even at a very cheap price.

[Ranly123]

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

This topic was already been discussed over years and again its opened up again. I think its impossible for bitcoin to drop to zero and the current price is the testament of it being the king of crypto.

[raidarksword]

Going back to zero not possible at all and even we are still in bull seasons I concur we will reach more ATHs this year. It may go dip a little for people wanted to take profit but it will recover fast. We just hit two ATHs today and that's making the market more healthier than ever.

[LogitechMouse]

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.

And here are my answers to it.

1. Bitcoin has been adopted by many establishments already and there are some merchants around the world who are accepting cryptocurrency as a mode of payment and when it comes to crypto what is the first word that comes to our mind? Bitcoin so this will not happen at least for now since many are accepting it. There are also many ways to trade Bitcoin too.
2. Although there are some governments who are prohibiting their countrymen in using Bitcoin, there are some countries too that are either supporting it or just neutral with it or they aren't doing anything that is related to crypto. Will this happen or will all of the governments make some plans in order for Bitcoin and cryptocurrency in general to be banned?? I don't think so.
3. Nodes going offline? I don't think that it will happen too.
4. Gaining trust of the investors will take a long time. It took many years for Bitcoin to gain trust of the investors. If there will be a crypto that will overtake Bitcoin then it will take years to gain trust of the investors and one thing more is that, I don't think so that people will shift especially if they know that Bitcoin is already working.

In short, all 4 of what OP said will not happen at all so in conclusion it never happen .

[rosebrand]

It's impossible for bitcoin price  to fall to zero, bitcoin can only fall deeply in price and will surely bounce back again Because there are so many big investors and companies who are ready to buy at every dip there see, so there is no possibility for bitcoin to fall to zero, for me if there is crash in the market and bitcoin falls so badly sincerely speaking I will load enough of it like I will be ready to pull out funds I got in other asset and invest in bitcoin at its deep because surely it will pay off, its just a matter of time and patience I will make it big.

[Rana590]

Going back to zero not possible at all and even we are still in bull seasons I concur we will reach more ATHs this year. It may go dip a little for people wanted to take profit but it will recover fast. We just hit two ATHs today and that's making the market more healthier than ever.

The price of bitcoin may drop but we can't think about zero price of Bitcoin. Bitcoin is leading the crypto market and people are investing in huge amount on it. Though we can't predict the exact price of crypto currency but it is not possible for bitcoin to drop zero price.

[nightxglow]

I guess, those might be a possibility, but even so it's kinda impossible for it to reach zero. Maybe it will be worthless, but it might still have little value, not suddenly turned into zero.
And i guess, bitcoin is still so strong, even without many option of using it to trade into goods or services, and bitcoin getting banned in a lot of countries, bitcoin still can rise up high up until now. There's no other cryptocurrency that seems to be able to overtake bitcoin position too for now. So i guess no need to think about it too much for now.

[StonerStanley]

Of course it's technically possible but it probably won't happen before a long time.

That said i find Bitcoin a bit old in term of technology if we compare it with some others cryptocurrencies, so who knows what will happen in a during time ? But it can evolve.

I guess, those might be a possibility, but even so it's kinda impossible for it to reach zero. Maybe it will be worthless, but it might still have little value, not suddenly turned into zero.
And i guess, bitcoin is still so strong, even without many option of using it to trade into goods or services, and bitcoin getting banned in a lot of countries, bitcoin still can rise up high up until now. There's no other cryptocurrency that seems to be able to overtake bitcoin position too for now. So i guess no need to think about it too much for now.

Because there's no media that talk more about all the better cryptocurrencies than Bitcoin.

[Ridwan Fauzi]

There is one thing that very important for bitcoin because if there is no this thing bitcoin will not work anymore. Yeah, internet access, if government shout down the internet in their area then bitcoin will not be used anymore. Or even their government is very authoritarian like North Korea where internet users are only the government, yeah can you know, is there any North Korean who knows bitcoin?

Also, I dissagree with your last point that you mentioned. If there is a crypto currency let say an altcoin that has a high price than bitcoin then bitcoin will not be used anymore. In fact, before bitcoin price having a high price like now there is an altcoin that passed bitcoin price namely YFI DeFi token that has $45000 at the current price. But, the investor still choose bitcoin as their investment place than the altcoin.

[Kasabus]

Not a thing that we need to argue, we know Bitcoin is growing now, the adoptions still working, and the trust has been there already. These are the basis why I'd never think that Bitcoin will collapse and back to scratch where it started. I see nothing like that but instead of seeing Bitcoin keep rolling and stronger.

I know we are not 100% sure about its future but there is another reason. But I'd rather not think about it as we are all enjoying the moment, we don't see huge problems with Bitcoin and there is no reason why we should think about this.

[hulla]

I guess, those might be a possibility, but even so it's kinda impossible for it to reach zero. Maybe it will be worthless, but it might still have little value, not suddenly turned into zero.
And i guess, bitcoin is still so strong, even

Please read to understand the concept and the potential of Bitcoin with the advantage block halving because the chance for Bitcoin to be worthless is zero even before the institutional investors join the crypto investment.

without many option of using it to trade into goods or services

There are many options of using Bitcoin to trade for goods and services if you're well informed about the crypto activities created by PayPal, other online stores, and payment apps/platforms.

and bitcoin getting banned in a lot of countries, bitcoin still can rise up high up until now. There's no other cryptocurrency that seems to be able to overtake bitcoin position too for now. So i guess no need to think about it too much for now.

The government doesn't have power/control over Bitcoin its impossible for them to ban Bitcoin but they can place a certain restriction on its uses.

[protocon]

it depends on how much I bought it in the beginning. Anyways, I think I would keep it.

[elisabetheva]

I don't believe Bitcoin can fall to zero, especially with the already very high demand for Bitcoin like now. Even dropping below $ 5k is impossible,
with many institutions investing in Bitcoin making Bitcoin fundamentals very strong. But if Bitcoin does drop by surprise again to under $ 5k,
we don't panic and make that moment to buy more Bitcoin. But like I said it is completely impossible for Bitcoin price to drop below $ 5k right now.

speculating too much with the unreasonable and I agree with you, that there might be a decline, but if it reaches zero it seems that the impossible will happen because the price of bitcoin is too high and the possibility of a decline can occur but it is still within a reasonable level.
even if it drops $ 5K it's also hard to imagine how it will happen.

If the price drops below $ 20K alone, people are definitely scrambling to buy it and save it for another 4 year investment where the halving takes effect again. but it seems that if there is a correction there will be next year if this year until the end of the year bitcoin will continue to increase.

[MUG1WARA]

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 is trading over $63k now and you are trying to tell me there's a possibility for me to buy cheap bitcoins?, stop giving me false hopes man, we both know none of these things been listed will make bitcoin to back to zero, expecially the no. 2 about government placing ban on bitcoin, over the years we have seen some governments placing ban on bitcoin, and yet their citizens still make use of it, the government can't ban a decentralized currency, because even the government don't have control over it.

[gurunanakji777]

I don't think so it will ever happen in near future. In the year 2018, we have heard much negative news about the BTC banning and even some countries banned restrict its use still Bitcoin overcome all the obstacle and now we see bitcoin on the top again. We all know Btc is decentralize and no one can not control this and is not a pyramid scheme that can collapse so I believe Btc has a bright future ahead. We should think optimistically about bitcoin and our approach should be positive rather than think negatively.

[kopijos]

I don't think so it will ever happen in near future. In the year 2018, we have heard much negative news about the BTC banning and even some countries banned restrict its use still Bitcoin overcome all the obstacle and now we see bitcoin on the top again. We all know Btc is decentralize and no one can not control this and is not a pyramid scheme that can collapse so I believe Btc has a bright future ahead. We should think optimistically about bitcoin and our approach should be positive rather than think negatively.

The ban on bitcoin in 2018, where and this issue caused the price of bitcoin to fall in 2019 .. From this issue we can see if whatever obstacles befall Bitcoin, bitcoin will remain strong in the market. So I think we have to be smart and watch the situation if bitcoin remains strong in the market.