This is why BITCOIN will never go to ZERO

[m2017]

source

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

Satoshi once said that the lost Bitcoins as well as the Bitcoin holders are strong milestones for keeping the Bitcoin price in check. so as long as someone holds bitcoins, lost bitcoins as well as bitcoin traders the probability of bitcoin price going to zero is 0.1%

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)

I also present a good topic, as supporters Bitcoin will always survive;

Bitcoin doesn't care!

https://bitcointalk.org/index.php?topic=5309976.0

Reasons why I prefer Bitcoin over any other assets and dips don't panic me....

https://bitcointalk.org/index.php?topic=5375489.0

Fear is not Real.

https://bitcointalk.org/index.php?topic=5377324.0

Why Does Bitcoin Have Value?

https://bitcointalk.org/index.php?topic=5233364.0

Why is Bitcoin valuable? Great answer from Redditor VitaminBTC

https://bitcointalk.org/index.php?topic=5321875.0

Theoretically, china communist party is right, because there is still a microscopic possibility of what they said, but they are silent about the fact that the demand for bitcoin can grow very strongly in the future and the probability of this is very, very high. In fact, I didn't hear anything new from the words of the representatives of the party, that is, the government. They are afraid of bitcoin, because they can't control and influence it in any way, therefore, they try to scare people away from bitcoin with such warnings. In any country, you can see similar behavior of government officials.

[sklopan]

Yes, I think that bitcoin at a price of 0 is more of a props. I understand that now everything can be expected from the world, but I just don’t believe in it.

[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...

Satoshi once said that the lost Bitcoins as well as the Bitcoin holders are strong milestones for keeping the Bitcoin price in check. so as long as someone holds bitcoins, lost bitcoins as well as bitcoin traders the probability of bitcoin price going to zero is 0.1%

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)

I also present a good topic, as supporters Bitcoin will always survive;

Bitcoin doesn't care!

https://bitcointalk.org/index.php?topic=5309976.0

Reasons why I prefer Bitcoin over any other assets and dips don't panic me....

https://bitcointalk.org/index.php?topic=5375489.0

Fear is not Real.

https://bitcointalk.org/index.php?topic=5377324.0

Why Does Bitcoin Have Value?

https://bitcointalk.org/index.php?topic=5233364.0

Why is Bitcoin valuable? Great answer from Redditor VitaminBTC

https://bitcointalk.org/index.php?topic=5321875.0

Theoretically, china communist party is right, because there is still a microscopic possibility of what they said, but they are silent about the fact that the demand for bitcoin can grow very strongly in the future and the probability of this is very, very high. In fact, I didn't hear anything new from the words of the representatives of the party, that is, the government. They are afraid of bitcoin, because they can't control and influence it in any way, therefore, they try to scare people away from bitcoin with such warnings. In any country, you can see similar behavior of government officials.

This describes it well, a microscopic possibility... But imagine everyone around the world would communicate about events that could potentially occur despite the chance for it to happen is at maximum microscopic small. I am just think about a funny conversation between two people who'd go about it that way in a full conversation. But I get that it is not atypical for those regimes to spread their messages in propaganda in terms that nobody can in theory refute despite the implied outcome being highly unrealistic.

[Awwal08]

This is insufficient justification for bitcoin to lose all of its value. If China intends to devalue bitcoin to zero while Dubai seeks to increase its value.

[BIT-BENDER]

So many speculations and they always have a reason to back them up, I was watching a video of an analyst during this bad period where he (the analyst) said that he sees bitcoin dropping to the extent of  $3000 due to tue market collapse but he was also sure that Bitcoin would also rise to nearly or even a million dollars as well this sort of analysis undoubtedly can gets any one excited but we must understand that it is still only their beliefs.

[imteaz]

Bitcoin will never go to Zero, that's stupid. Even If Bitcoin price goes down too $3000, there's thousand of buyer will buy, and big investor will not let it go down that much. Unless we see a 3rd world war, that's different case though.

[darkangel11]

0 of what? CNY?
The reality is that even when bitcoin was almost completely unknown and Laszlo was buying his pizzas for 10k BTC it wasn't worth 0. It also wasn't worth 0 when the biggest exchange in the space MtGox went bankrupt and took all the money with it. It's never going to be worth less than it was when it begun its journey. There will always be a lot of people willing to bet on it.

It's not like all those companies that are making hardware and ATMs are going to suddenly say that bitcoin sucks and they don't want to do it anymore and that's one of the things that gives bitcoin its value. Saylor is not selling, I'm not selling, many other hodlers aren't selling. Let's see who's going to be right about that 0 we or Chinese propaganda.

[noormcs5]

Yes, I think that bitcoin at a price of 0 is more of a props. I understand that now everything can be expected from the world, but I just don’t believe in it.

Bitcoin is not going to zero, it will not go to 1000$ also, and also 10,000$ is beyond imagination. Don't fall for these fake and negative price predictions for bitcoin which is spreading on social media.

Anyone who knows the history of bitcoin knows that bitcoin dumps to a certain level in each cycle but it does not reach very low values. A sensible person will always buy at current low prices and may not wait for those unrealistic low prices.

[Ziskinberg]

Yes, I think that bitcoin at a price of 0 is more of a props. I understand that now everything can be expected from the world, but I just don’t believe in it.

Bitcoin is not going to zero, it will not go to 1000$ also, and also 10,000$ is beyond imagination. Don't fall for these fake and negative price predictions for bitcoin which is spreading on social media.

Anyone who knows the history of bitcoin knows that bitcoin dumps to a certain level in each cycle but it does not reach very low values. A sensible person will always buy at current low prices and may not wait for those unrealistic low prices.

Though we can't say it was possible to get zero, however, we can't argue the fact that the volatility of the market might bring the market to the deepest value. However, for those who positively think Bitcoin is a great asset and believe its better fortune, this is certainly out of their mind. And besides, it was already proven that despite the huge fall in prices many people still holding their Bitcoin and even accumulating more.

Some are selling while many are buying which makes prices to pumps back - That is why it never goes to ZERO.

[Slow death]

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)

well from what i read the cz is a person who has china nationality, so i think he should be careful to be on the opposite side of what the communist government of china thinks. these chinese (people from the government of china and the political party of china) do not like to be contradicted by their citizens and when a china citizen contradicts the government then he needs to prepare for consequences.


about the price of bitcoin falling to zero, this is the biggest mistake of this year, I mentioned this yesterday that not even at the time when the price was 1000$ it didn't drop to zero, so today that it is at 20,000$ would it drop to zero? this is ridiculous

[rby]

I really don't understand what can be the very reason why China would still allot some time and resources just to make a statement like that.

Do you really wanna know why? Now take a cup of water let me fantasise here.

China had already know the potentials of bitcoin, they have under study its protocols and the blockchain. They have seen how powerful bitcoin is already. Then, they want to shut bitcoin down and produce something similar to bitcoin. They want to use it to control and manipulate the world.
Their quest to control the world and answer world power is very high and they believe in their population to push whatever technology they invent. But little did they know that they have failed already because they cannot shut bitcoin. They should make their CBDC to compete with bitcoin if they can.

[348Judah]

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

A country like China has its own reasons for jot adopting the use of bitcoin all because it want a conttol system that will be mainly centralized in which bitcoin cannot abide with, they introduce thier oen CBDC and the citizens have no choice than to make effective utilization of it, though p2p can also help a way out in such conditions for bitcoin in countries like China, the people have now developed wings in decerning for the right choice and make pursuit towards that which is right to help them have a nee change in finances.

bitcoin has  gone beyond the media influence because people understand what it's usefulness is and how they can take good advantage in it, no amount of oppositions can change the true value in bitcoin.

[seoincorporation]

I think there is only one way that bitcoin could crash to zero, and that's if Bitcoin fails as a technology.

Let's say China uses a Quantum Computer to get all the private keys and make one transaction to send all the bitcoins to 1 address, that would kill bitcoin. Even if there is a fork to recover the coins, it doesn't matter if someone has all the private keys.

[CryptoHeadlineNews]

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

It's not a new thing anymore because right from day one no government has ever been in support of Bitcoin because of its decentralized nature which excludes them to be in control, not until El Salvador took the bold step in making be it it's official legal tender, followed by Central African Republic, but however, Bitcoin will always strive through all odds.

[sklopan]

I am sure that the price of bitcoin will never be at zero. I understand that there are different situations, but so far I can not imagine such a situation. I am sure that in the current market it is simply unrealistic.

[Mamun74]

I believe bitcoin price will be at zero.We always face good or bad market condition. Now very though to predict market condition but bitcoin will never be at 00. Cz bitcoin is long term investment coin and bitcoin is most popular and most valuable coin in crypto market. Bitcoin investment increase day by day.People still loves to bitcoin investment. I hope bitcoin price will be recover soon and i hope bitcoin price will be broked of all time high price.

[shogun47]

0 of what? CNY?
The reality is that even when bitcoin was almost completely unknown and Laszlo was buying his pizzas for 10k BTC it wasn't worth 0. It also wasn't worth 0 when the biggest exchange in the space MtGox went bankrupt and took all the money with it. It's never going to be worth less than it was when it begun its journey. There will always be a lot of people willing to bet on it.

It's not like all those companies that are making hardware and ATMs are going to suddenly say that bitcoin sucks and they don't want to do it anymore and that's one of the things that gives bitcoin its value. Saylor is not selling, I'm not selling, many other hodlers aren't selling. Let's see who's going to be right about that 0 we or Chinese propaganda.

I have always been wondering whether the Chinese strategy is a desperate try to actually accumulate more at the lowest prices possible. I mean they aren't living under a rock. They certainly know that the technology and Bitcoin in particular is most likely going to play a significant role in the future. Even if they disregard what Bitcoin stands for, that is probably know from where they start their analysis. They might want to prevent Bitcoin from spreading within their country, but they can't stop it from spreading within other countries and so it might appreciate in value significantly throughout the future. I don't know, I can't help it but think that they do own a decent amount as well. It is pocket money for them.

[tbterryboy]

China is against everything that they can not control, since the people of china are basically slaves to their own government. The mistake of the Chinese government is that Chinese people because of this media dump their coins when price is low and start to buy when it is high. So in the end they loose money to the rest of the world.

Exactly, I so much love this comment, China is totally obsessed with things they can not control. China has sought to be world power on so many occasions and failed in every attempt, and the worst thing that could possibly happen is for China to be in power of Bitcoin, Lol (impossible). As you rightly said, even the people China are a slave to their own government which happens to be one of the flaws of their governmental regime.

Anyways, I’m not too surprised about the statement, it’s natural that good things will always receive criticisms!

[chigo]

Yes, I think that bitcoin at a price of 0 is more of a props. I understand that now everything can be expected from the world, but I just don’t believe in it.

Bitcoin is not going to zero, it will not go to 1000$ also, and also 10,000$ is beyond imagination. Don't fall for these fake and negative price predictions for bitcoin which is spreading on social media.

Anyone who knows the history of bitcoin knows that bitcoin dumps to a certain level in each cycle but it does not reach very low values. A sensible person will always buy at current low prices and may not wait for those unrealistic low prices.

people's thoughts about bitcoin are getting more and more interesting, many of my friends really hope that bitcoin will return to $10k, if bitcoin is at that price they will sell all the assets they have just to buy bitcoin at that cheap price. bitcoin is very popular with young people, I am very happy to hear that the majority of my young friends prefer bitcoin to gold and property.

[umbara ardian]

we hold bitcoin, we believe in the potential of bitcoin. No matter how much the price of Bitcoin drops, these hodlers still believe that Bitcoin will increase in price in the future and it does not matter what the current price is. If the Bitcoin price drops to $10k, $1k or $100, this is entirely possible but holders still believe there will be a new hit in the future. They will continue to buy Bitcoin regardless of the price, and as the end result, the supply will dry up as the amount of Bitcoins held in the hands of users will increase. Although the price of Bitcoin depends on many factors and predicting the future value is very difficult, so it is best to evaluate carefully and cautiously before investing.