Would Bitcoin recover even if it fell to one dollar?

[Nrcewker]

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

Bitcoins now have reached a stage where it’s impossible to fall to a such a low price.
If it also falls to a low price then instantly it will recover.
If anyhow Bitcoins falls to 1$, then also people will use it to make profit, therefore forcing it to get recovered.
So I would suggest OP, remove these ill thoughts from your mind, and think of buying Bitcoins as much as you can. Soon the price will rise.

[pawanjain]

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

The beauty of bitcoin is that even if it falls to 0 it can still recover from that majestic dump.
By recover I am not saying that it will come to the ATH instantly but will gradually grow over time.
This is because of the decentralized nature of bitcoin. Anybody can buy it at any time and this makes it valuable.
Assuming it went to zero I would definitely buy hundreds or thousands of it just for the sake of how valuable it was once.
May be if I am lucky then it can turn out to be fruitful investment over the decade.
When a coin like LUNA can collapse to zero and still come back newly introduced at a current price of $1.7 then we can imagine how valuable bitcoin can be even if dumps to zero.

[mindrust]

It would. Probably even easier because the lower it goes the more bitcoin you can get and there lots of people who are willing to buy from any price they can get. Recovering from $20k is way harder imo. If it drops to $1 some fiat whale would buy every coin there is and then suddenly it would hit thousands again.

[ChrisPop]

I realize that it is worthless thought . Where I am always willing to take a chance if BTC goes down to 15k i will buy as much as possible for me. Here $1, it seems like a fantasy at this point. If world wars and epidemics come to the world and if money becomes worthless, then it can be seen as one dollar price per btc other wise it is impossible.

I'm not so sure that at least a small part of people around the world will not default to Gold AND Bitcoin if any major catastrophic event like a full-on world war would emerge. After all it is highly improbable that all the nodes would be stopped at the same time so the network will still continue to "live". Even in that case I don't think it will drop to such a low price.

[Issa56]

^ That is impossible to happen, BTC will never fall that far.
As you can see, BTC and the entire market were now slowly recovering and probably my prediction was right, by the month of August if the price will not break the previous bottom price, there will be a bull market trend. But I am not worried about this prediction too much, because I know that BTC will not fall down too much. BTC has already a strong foundation and mass adoption and it has worldwide awareness. Now, tell me, would you think it will become $1 soon? I don't think so.

I was suprise when I saw the post but I also know bitcoin won't drop to that level, even if their will be more dump I don't think anything can happen happen that will make bitcoin dump to that level, I believe the OP just wrote the post just to hear people's opinions but am sure he knows that bitcoin can dump to $1. And am sure no matter how bitcoin dump I believe gradually its going to recover, but it might take time.

[darewaller]

Bitcoin going to one dollar would not be possible, why? Because, I know enough people who would buy bitcoin, all of it, before it reaches there and that's just my network. Think about the whole world, there are billionaires in the world who are buying it and accumulating more.

So technically speaking, if the price of bitcoin is at one dollar then there must be something super horrible going on. Like some quantum PC managed to hack into all accounts and withdrew their money from their wallets without needing much time, just a few minutes to hack into any address. If that's the case, or something major like that, then yeah the price would be one dollar.

But, even if all of the governments in the world banned it, it would still be more than one dollar, so it needs to be a technical reason.

[Fortify]

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

I think if it dropped to such a price it's possible that an inherent flaw might have been uncovered that caused it's price to drop that far. It will stay above that sort of value for decades or possibly centuries, if not for the fact that a multi billionaire would easily step in and buy it up at even higher prices, just to have bragging rights as it would not effect their longer term wealth to drop such amounts on it.

[Hamphser]

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

If the price drops that low then we could definitely say that there's something wrong to it and here comes the panic where people would be finding for another  coin which is currently top on the market on that time where there's really a tremendous shift in terms of trust when it comes to that but just like on what others been saying above that it is unlikely to happen on going that low no matter how
bad the market situation would be for bitcoin but we do know about that probabilities and possibilities which could definitely happen into this space.We cant just make out some conclusions that it could
really last forever on sitting on the top but we do have the feeling that it would really be staying on the top spot considering that this is the king or father of all crypto.

If it does drop on $1 then i would really be spending some cash on buying into those lose price but only on the amount which i can afford to lose.

[BitcoinPanther]

How low would Bitcoin have to fall before it was no longer recoverable?

There are certain conditions to meet in order for the Bitcoin price to be unrecoverable.  If that happens the low would be 0 price or wothless.

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

Well, definitely price would move according to the condition of the whole Bitcoin ecosystem.  So if ever Bitcoin is to become worthless, its foundation, community, and development should be wiped out first.

[Vaskiy]

Is there arises a situation in which we'll be having zero usage of bitcoin. Such thing won't happen, because already a country have made it legal tender. Another thing, there were more service provided only with cryptocurrency acceptance. For example more number of gambling sites were available which accepts only cryptocurrencies. So, at any situation the usage won't fall to zero which means there is nothing to worry of bitcoin dropping down to $1.

[freedomgo]

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

Once bitcoin will no longer be significant, for whatsoever heavy reasons, I guess it’s price too will eventually show decline. But witnessing bitcoin’s existence more than a decade, what is certain to me is that even how huge the impact of the FUDs or news that hit bitcoin, it always stands firms and recover in every price downfall. Although no one holds the future of bitcoin, but I am quite confident that its value will continue to grow along with time.

[2stout]

This just seems next to impossible as far as happening.  This would have best been asked over a decade ago when this indeed happened and I guess we can see the answer then was yes and bitcoin continues today, stronger than ever.

[worle1bm]

It depends on actual usage, demand and supply of btc at that time but you see that scenario is impossible at this time because it has to loose almost everything and nobody use it to fall to these levels like of $1 so no fun of discussing about it.

In in initial years also it didn't fell to $1 so now it's impossible and prices will rise on the opposite.

[ForMeritt]

How low would Bitcoin have to fall before it was no longer recoverable?

It would be very impossible if the price of Bitcoin would decrease to 1$, even though its reach in the next ten years, I think this will be very unlikely to happen, because the quality contained in Bitcoin is what makes Bitcoin itself so valuable.

Bitcoin is very decentralized, and this is why it will always survive and will not make it disappear and will remain as long as Cryptocurrencies exist.

With some understanding above, I believe that Bitcoin will recover and soar to a higher price, sooner or later according to knowledge and research in the Crypto market I think this will happen.

[CryptoYar]

Would Bitcoin recover even if it fell to one dollar?

Do you know Op, what is the production cost of 1 bitcoin? It is between 10k to 12k Why does any miner sell at $1 after spending $10k to $12k? Would you sell gold at $1 after spending $10k to $12k in production?

How low would Bitcoin have to fall before it was no longer recoverable?

As long as people trust bitcoin, it'll keep on recovering

[KaliLinux]

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

Why would you think that Bitcoin will fall to that or such an amount of irrecoverability? Bitcoin or the general crypto market has seen bear markets before, 2017 I believe was one of the steepest dips from almost $20k down to $3k+ and yet Bitcoin recovered back to ATH of $69k+ and this will not be a different time additionally, $1 Bitcoin price is out of it.

[Okorieuky]

Saying that bitcoin will fall to $1 per bitcoin is very unrealistic because this is not the first time bitcoin has depreciated this low but didn't hit $1.

Secondly if the Foundation is not strong it would have collapse long ago

[Mauser]

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

In my opinion bitcoins will always be recoverable, there is no price that is too low from which bitcoins couldn't come back. Let's say bitcoins drops down to $1 which is already very unrealistic, then the market would be flooded with buyers. Who wouldn't buy 1,000 BTC for 1,000 USD? At such a level I would even take out a loan just to buy more coins. It's seems so unrealistic because who would sell his coins for $1? At such a low level it looks like a bad idea to sell. If you bought your coins at 10,000 USD you would never sell them so cheaply, rather hold them until prices recover. Same goes for the buyers, would you really wait until such low prices before buying? I think if the bitcoin price drops close to 1,000 USD there would already be a lot of new buyers pushing the price back up.

[Jemzx00]

It depends on actual usage, demand and supply of btc at that time but you see that scenario is impossible at this time because it has to loose almost everything and nobody use it to fall to these levels like of $1 so no fun of discussing about it.

In in initial years also it didn't fell to $1 so now it's impossible and prices will rise on the opposite.

Actually, we only have limited data to even predict for bitcoin to even fall down that low. As we can how market and investors are reacting especially when the price is too low, people tend to invest more as it is considered as a chance to accumulate more and invest on it.

Just as what others said, it's almost impossible for bitcoin to even reach that low but it case it does, then it means a major problem could have arise and bitcoin cannot be salvage or recover.

[tygeade]

I realize that it is worthless thought . Where I am always willing to take a chance if BTC goes down to 15k i will buy as much as possible for me. Here $1, it seems like a fantasy at this point. If world wars and epidemics come to the world and if money becomes worthless, then it can be seen as one dollar price per btc other wise it is impossible.

I'm not so sure that at least a small part of people around the world will not default to Gold AND Bitcoin if any major catastrophic event like a full-on world war would emerge. After all it is highly improbable that all the nodes would be stopped at the same time so the network will still continue to "live". Even in that case I don't think it will drop to such a low price.

That is literally what happened with the last one. I mean think about it, when pandemic happened that was a global thing and not bound to just one nation. What happened in return? We ended up with something that is marginally obvious to everyone and crypto got higher. Because, people ended up going into crypto instead of keeping their money in fiat. Fiat was getting printed like crazy and nobody really assumed that would be a good thing.

I am not saying that it’s the right choice or anything, it’s all relative. I personally prefer to do it for long term, and not just a quick run away from fiat thing, but it was still a better thing for sure.