This is why BITCOIN will never go to ZERO

[Fatunad]

Have you ever noticed that when the Bitcoin price is low..... most media platforms will start spreading FUD and telling people that the heavens are going to fall..... and Bitcoin is going to zero.... but they hardly mention Bitcoin when there is a price spike.  

This is "selective" reporting that are backed by a hidden agenda not to highlight Bitcoin's price when it is booming....and to do the opposite, when the price are crashing. (They say, good news does not sell papers.... but mainstream media are trying to manipulate the public, by just highlighting bad news about Bitcoin)  

Indeed. This isn't a shocking, new phenomenon by itself, of course, but it's still worth highlighting just how much some people still don't get it. This sort of "negative" hype has been a primary tenet of practically every "crypto crash" prediction that has emerged in the past. In fact, not only has this trend of "skyfall" predictions been witnessed consistently since Bitcoin first started making headlines....but this hype never seems to end up panning out for the naysayers. These "skyfall" predictions should not be treated as a reliable indicator, but rather be dismissed out of hand. Those who spread this sort of negative hype, may end up regretting it later on. Just my personal opinion.

Just observe on the time that the market do make out some good recovery then those negative words would turn out to be positive or simply they would really be going with the flow on what the community is been saying which is something not that surprising.Indicators ? Not a reliable one if we do really talk about emotional aspect which is mostly been generated with this kind of scenario or situation.
We know that future cant really be predicted or shall we say that nothing do last forever but in the case of bitcoin then this is something really hard to believe on to go to zero or been replaced by something
but somehow we cant really just removed the probabilities yet everything could really be changed and that would be depending on the community itself.

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[niceli]

China is fearing bitcoin because its decentralized. Sure there is no love by hte powerful of USA or UK or wherever, but there is a huge difference in the China situation. People in other nations are free to do what they want, I can say "fuck biden" and nothing will happen to me, hell robert de niro said "fuck trump" on national tv and nothing happened. Go ahead and try that on a tv channel (doubt they have more than a few allowed by ccp) and say fuck mao or xi, and see what happens. There could be some people who defend china, I don't care, if you can't say fuck xi and get away with it, then its a dictatorship. Hence, decentralization weakens their power of control and they do not want that, as simple as that.

[KennyR]

The Chinese media is different from the rest of the world. Maybe that's the reason that makes them spread unwanted information about cryptocurrencies. In my country some media does it in the name of safeguarding the common public. Already there were more MLM scams and these media never talk about those losses. Same time few are conducting program that educates what really is cryptocurrency and what are its advantages and other benefits.

[GreatArkansas]

(....)
china and other countries that don't like bitcoin will always take advantage of the moment (most often when the market is bearish) to spread their FUD to everyone in the world, but they will always fail because Bitcoin is already embedded in the minds of millions of people (CZ said)

(....)

People are afraid because of the dumps and I think it's become normal because of the psychological of every person especially when there is money involved.
For me, Bitcoin was created very well and it become open-sourced and decentralized, no one can control it or force it to go to zero.
If ever it will go to zero, for me it already happened a long time ago, as you can see Bitcoin is still here.

[PX-Z]

Whenever I see news that has a headline similar like this one, I always remember the memes regarding this one since 2013 til up today even in the year 2050. There always be a news headline or Antis will always say that "bitcoin may go to zero" which is funny yet annoying like hearing the same statement from the same people all over again like a broken recorder. The only difference is the gap of bitcoin price at the time they said those quote.

[Darker45]

Bear season is a party time for all Bitcoin critics and opponents. Their loud mouths are all over the internet. It amused me how headlines after headlines of the likes of Bloomberg, CNN Business, The Wall Street Journal, and others are like becoming Bitcoin price tracking services. They seem to be too joyous to relay the news that Bitcoin's price has fallen.

What's funny is that if we look at the pattern, it is obvious that they're fooling no one but themselves. They had this same party when the price fell to $200 and then they did this again when the price fell from $2,000. And just recently they did it again when the price fell from $20,000.

[D ltr]

I think the owners of BTC in China have a lot of BTC at the moment because there is a lot of FUD and they take advantage of moments like this to buy a lot of BTC because the goal of FUD from them is to increase their stock of BTC (perhaps) is just my opinion on the current circulating FUD

[Poker Player]

source

As usual, when the market is bearish, China gives a statement attacking bitcoin and they have stated this over and over every year...

Bearish statements are one thing, which are normal these days, and daring to claim that it will go to zero is another. But with the Chinese Communist Party claiming it, I am not surprised because no one is going to ask them for explanations for saying such an obvious falsehood.

That the Bitcoin could collapse and go to zero was more logical to think the first years, but not now, with all the adoption that there is, all the exchange houses, institutional investors, countries that have made it legal to tender, etc..

To zero tend all fiat currencies, including the Yuan, and that is what the Chinese Communist Party does not say.

[ultrloa]

(....)
china and other countries that don't like bitcoin will always take advantage of the moment (most often when the market is bearish) to spread their FUD to everyone in the world, but they will always fail because Bitcoin is already embedded in the minds of millions of people (CZ said)

(....)

People are afraid because of the dumps and I think it's become normal because of the psychological of every person especially when there is money involved.
For me, Bitcoin was created very well and it become open-sourced and decentralized, no one can control it or force it to go to zero.
If ever it will go to zero, for me it already happened a long time ago, as you can see Bitcoin is still here.

Some manipulator use this word to create more fear tk the majority of investors but actually in times like where we already see more worse many already knows that getting zero in value would never happen that's why we see a good little recover because many people already brought up their coins for hold since we might see a chance for pump as market is showing some good price trajectory.

[shogun47]

source

As usual, when the market is bearish, China gives a statement attacking bitcoin and they have stated this over and over every year...

Bearish statements are one thing, which are normal these days, and daring to claim that it will go to zero is another. But with the Chinese Communist Party claiming it, I am not surprised because no one is going to ask them for explanations for saying such an obvious falsehood.

That the Bitcoin could collapse and go to zero was more logical to think the first years, but not now, with all the adoption that there is, all the exchange houses, institutional investors, countries that have made it legal to tender, etc..

To zero tend all fiat currencies, including the Yuan, and that is what the Chinese Communist Party does not say.

I wouldn't say it was logical to think that it was more likely to collapse to zero during its early days. Actually those understood the tech were pretty sure that it would NOT collapse to zero. Intuitively one could argue that it was likely to fear or believe it could collapse to zero during its early days. Logical would mean that someone who fully analyzed and understood the code came to the conclusion to say it could collapse to zero.
I don't even know it is worth discussing so much about what the Chinese government has to say regarding Bitcoin

Actually there is also difference between saying you could lose all your money (so you personally have zero) or Bitcoin as a whole collapses to zero. The latter one is quite stupid, although I am friend of the saying never say never. Of course there could be some secret technology being development in a basement that for whatever reason can crack Bitcoin. But I regard that as not particularly likely

[BitcoinGirl.Club]

It is just so easy for them to move markets with just few words. 

They are doing it since the birth of bitcoin or safe to say since they noticed bitcoin for a threat for them. Free people do not care them and we are enough or bitcoin would not survive over a decade.

There will be 21 million of bitcoin. Being the chance of zero became invalid when satoshi had the first transaction. There will be no zero.

Sarcasm aside, we are talking about value. Bitcoin will become zero when there will be no buyer for it. As long as there will be a single person to buy bitcoin the value is never zero. At this prize I am looking for cash to buy bitcoin. I know many people are doing the same. Right now the price is $21,100. If we have lines of people to buy bitcoin at a price of $21,100 then imagine how many people will be in the line to buy the same bitcoin when the price is even going to under $10k or $5k or $1k (unlikely)

<snip>

You can market out a thing if you have control over it. An individual, a public or a private organization is not controlling bitcoin.

[Henrobakkara]

Bitcoin will never go to 0 since even if it would go to zero it would quickly go up again. This is because 21 Million coins is not that much, so if the price goes to 1 Cent for example I could buy up all bitcoins in existence for only 210k USD. If you now consider all the BTC that are lost and in storage, I could even buy them for maybe 50K USD. (And if I ever have the whole supply you can be sure you won't get a coin for under 1 Million USD back)

That's Cold Anyways, we all know that these guys in China are just frustrated just by seeing Bitcoin still Holding strong after every nonsense they have thrown at it. As most have said, why do we keep seeing all the FUD only when there is a dump in Bitcoin price and not all the Praises when the price goes up? I would want to believe that they know that this has gone on for a bit now over the years and not to mean anything to the community, the true believers of Bitcoin but I guess they will try anyway. 

[Victorik]

Something I don't quite understand is why is China so concerned about BTC that are spending a lot of resources just to discredit BTC, but the more they do this, the more BTC gain more popularity. They should give up already.
BTC will never die and will never become zero.

[kryptqnick]

I think this propaganda might be ridiculous to us, but every country has a solid number of people who heavily rely and trust the state media, and I believe the number is higher for authoritarian regimes where access to other information and media freedom aren't really a thing. So China can do it for its own audience, to ensure they can keep their population under as much control as possible. Bitcoin is a way out of that system, of not being under state's control and monitoring, so of course China will do what it can to limit the spread and to use the timing of the bear market to scare people off.

[ChrisPop]

That's Cold Anyways, we all know that these guys in China are just frustrated just by seeing Bitcoin still Holding strong after every nonsense they have thrown at it. As most have said, why do we keep seeing all the FUD only when there is a dump in Bitcoin price and not all the Praises when the price goes up? I would want to believe that they know that this has gone on for a bit now over the years and not to mean anything to the community, the true believers of Bitcoin but I guess they will try anyway.  

The fact that a lot of chinese people keep holding Bitcoin could be an indicator of the level of trust the population has in their government.

I have a rule of thumb --> don't ever make your decisions based on a conservative mindset when you invest in technology.

[Jemzx00]

Something I don't quite understand is why is China so concerned about BTC that are spending a lot of resources just to discredit BTC, but the more they do this, the more BTC gain more popularity. They should give up already.
BTC will never die and will never become zero.

Other than China is mainly against with Bitcoin and other cryptocurrency, I don't know their propaganda but they will do anything to spread fake news, countless banning and continue to try take advantage of the current and any bearish market on crypto to provide negative campaign on it.
Anyways, my guess is they're really are against decentralization which is one of the main factor on cryptocurrency especially bitcoin.

[_BlackStar]

People are afraid because of the dumps and I think it's become normal because of the psychological of every person especially when there is money involved.
For me, Bitcoin was created very well and it become open-sourced and decentralized, no one can control it or force it to go to zero.
If ever it will go to zero, for me it already happened a long time ago, as you can see Bitcoin is still here.

Mate, I will tell you that nothing is impossible in this world and everything in this world will come to an end. Bitcoin was born from nothing to existence, from worthless to valuable, and what causes us to not believe it would return to the way it was if no one in the world would buy and trade it regardless of the reason?

I agree that bitcoin will not reach $0 as long as there are people willing to trade it, but when no one does, it will soon become worthless. However right now I wouldn't imagine that to be a reality anytime soon as bitcoin still has a strong community. Although bitcoin has convinced me enough about its potential and existence so far, but surely people will consider the worst risks in the future. In fact bitcoin is still worthless in places where there is no internet access though I think that's a different matter. I honestly have nothing against him but just think that there are no guarantees whatsoever about his future and we are the ones who take the risk.

[spiker777]

The Chinese media is different from the rest of the world. Maybe that's the reason that makes them spread unwanted information about cryptocurrencies. In my country some media does it in the name of safeguarding the common public. Already there were more MLM scams and these media never talk about those losses. Same time few are conducting program that educates what really is cryptocurrency and what are its advantages and other benefits.

Chinese media is not different. it is basically controlled by the Chinese Govt.  and they just don't like Bitcoin. so whenever they see Bitcoin Droping or taking a dip they stard spreading fuds and negativity  and try to make the situation worst. Chinese govt is very strict and they want to do everything to control their citizens. but if Chinese people start becoming bitcoiners. then govt will eventually loose it's control over them.

[darkv0rt3x]

Hi

Volatility doesn't scare me either. Once I understood some of the properties of sound money and how fiat money is controlled, it's kinda easy to not be scared with volatility. The Bitcoin system is built in such perfect way that it makes me feel quite safe. We just have to care as well as possible of our private keys and the system will take care of the rest. Volatility will smooth out when more adoption comes, when more people chose to use it as a media of exchange and storage of value than tranding just to get more fiat or even to get more Bitcoin! Volatility will smooth out over time as more fiat is transferred to Bitcoin!

Of course there is still a long way to go before we can say "it's all good now". Education is needed as soon as possible, even in schools, teach basics of economics, introduce blockchain and Bitcoin in school programs!

[The Cryptovator]

Haters will spread FUD always. But who knows if they want to accumulate at a lower price? How may Bitcoin go to ZERO? I don't see any valid reason. This is backed by the world's big cryptocurrency community. On the other hand, many institutional investors already invested in Bitcoin. Thanks enough Bitcoin won't be ZERO anyway. China FUD doesn't affect Bitcoin lately. Because this type of threat isn't new for us. Let them live in a dream.