Would Bitcoin recover even if it fell to one dollar?

[Gladitorcomeback]

Honestly, I can't think of any serious reason for bitcoin to drop to $1 because bitcoin is not like all altcoins. It is completely decentralized, not controlled or managed by anyone, so risks like minting, rugpull...are never possible. Moreover, the demand for bitcoin is also completely different from altcoins, if bitcoin drops to 15k or 10k, people will also buy it massively. So it's impossible for bitcoin to drop below $1k, let alone $1. If this question had been asked 10 years ago, there would have been doubts about bitcoin, but things have been very different so far.

People trust bitcoin so much that if unfortunately it comes to 1$ people will buy more at that time as an opportunity to get benefit. You are right that bitcoin cannot go Down to 1$ but its a cryptocurrency and everything can happens here.

Everyone should be prepared for every situations and I think that if it comes to 1$ then people demand will be higher as people select bitcoin at that time when price is not much higher so increasing demand will increase the Bitcoin's rate.
If people are afraid of such a lower price then it can happen that bitcoin goes more down which can cause bitcoin to disappear which is not possible presently and future is not predictable we have no knowledge about future.

[Franctoshi]

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 do you say?

This to me is an unimaginable scenario, however, anything is possible but the likely chance of it happening to me is 1% chance and in that case, a worldwide total ban on Bitcoin might have been placed which may trigger such a price crash and in a situation where a death sentence law has been enacted on whomever that trade, buy/sell or dealing with Bitcoin in any way.

[nurilham]

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

Why do you expect this?  
As long as there are many people who hold Bitcoin, I am sure Bitcoin won't lose his value.
The only way that Bitcoin can't recover when it has no value anymore. But it is very unlikely to happen if we consider how the adoption of Bitcoin nowadays. Moreover, if there are more countries to adopt bitcoin seriously like El Salvador, Bitcoin probably increases its value. Since it is getting popular, we have more and more demands of Bitcoin. The increase of the demand is a positive sign for its future. So, I believe Bitcoin price will gradually to increase, it won't fall again below $20k.  

I think that if it comes to 1$ then people demand will be higher as people select bitcoin at that time when price is not much higher so increasing demand will increase the Bitcoin's rate.

I doubt there will be high demand if Bitcoin falls to $1.
Most people must feel panic to see such low price, so people may lose their interest in Bitcoin. I really don't expect the price to fall $1 because I think it will be a disaster if it really happens.

[jeraldskie11]

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 do you say?

This to me is an unimaginable scenario, however, anything is possible but the likely chance of it happening to me is 1% chance and in that case, a worldwide total ban on Bitcoin might have been placed which may trigger such a price crash and in a situation where a death sentence law has been enacted on whomever that trade, buy/sell or dealing with Bitcoin in any way.

A global ban on Bitcoin would have a significant influence on its price. We expected the price of Bitcoin to crash because it was completely useless at the time. However, this scenario is unthinkable because the Bitcoin marketcap is about $571B, thus if the price ever drops to $1, the marketcap should drop to $19.45M. It's impossible since there are always buyers and sellers in the market. And there are plenty of orders in the order book to cover up the selling pressure.

[LittleBitFunny]

Honestly, I can't think of any serious reason for bitcoin to drop to $1 because bitcoin is not like all altcoins. It is completely decentralized, not controlled or managed by anyone, so risks like minting, rugpull...are never possible. Moreover, the demand for bitcoin is also completely different from altcoins, if bitcoin drops to 15k or 10k, people will also buy it massively. So it's impossible for bitcoin to drop below $1k, let alone $1. If this question had been asked 10 years ago, there would have been doubts about bitcoin, but things have been very different so far.

People trust bitcoin so much that if unfortunately it comes to 1$ people will buy more at that time as an opportunity to get benefit. You are right that bitcoin cannot go Down to 1$ but its a cryptocurrency and everything can happens here.

Everyone should be prepared for every situations and I think that if it comes to 1$ then people demand will be higher as people select bitcoin at that time when price is not much higher so increasing demand will increase the Bitcoin's rate.
If people are afraid of such a lower price then it can happen that bitcoin goes more down which can cause bitcoin to disappear which is not possible presently and future is not predictable we have no knowledge about future.

No one knows the future, but with what bitcoin has and is achieving, a bitcoin drop to $1 is extremely unlikely, and that's why I believe it can't drop to $1. But if you still hypothesize that it is possible then I believe it will be a terrible crash if bitcoin drops to $1. But I don't believe many people will buy it when it's only $1, panic is inevitable and people will sell everything and run away. If people have faith in it, as I said when bitcoin dropped to 10k, people bought it massively, how can it fall to $1? If you don't have the confidence to buy bitcoin at $1k or $10k, you won't have the guts to buy it at $1.