Sakanwa (OP)
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January 25, 2023, 12:48:07 PM |
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Please don't let my question cause so much hate on me but rather let's also be realistic at times. Though I haven't invested a reasonable sum in Bitcoin, I've at some point after watching how the market and price of Bitcoin fell from over $60k to less than $12k something similar to what altcoins do and it prompted some questions like 1. Will Bitcoin ever fall to zero someday? 2. What happens if it ever falls to zero?
It will be if this questions are answered without sentiment as I'm open to learn.
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mk4
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January 25, 2023, 01:03:56 PM |
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1. Very unlikely. Something needs to be invented that would totally blow bitcoin out of the water both in terms of technology and economic theory.
2. It wont, because I will be heavily bidding. Or I guess, it can happen if humanity ceased to exist.
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Accardo
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January 25, 2023, 01:16:10 PM |
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Except they are other ways the market price falls apart from losing it to fiat; coverting bitcoin to Fiat. Then, the price of Bitcoin cannot fall to Zero as they're many lost bitcoin in different addresses which will help the price of Bitcoin to stay ahead of zero, even if everyone moved ahead to another technology. You should be asking if they'll ever be a time when no node is running on the network. Such things are what could affect the Bitcoin network, but it's almost impossible to have no running node in the network and zero price of Bitcoin.
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AnonBitCoiner
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January 25, 2023, 01:29:35 PM |
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Bitcoin is now become essential tool for trading and almost 10% of world has invested in BTC. I think it impossible now that Btc price drop to zero. One country El Salvador has also adopted Bitcoin as a payment currency while many ATM machine has been placed in most of countries. We seen many time a dip in BTC Price but after every dip we have seen a good recovery. Bitcoin will never to go zero because There are great number of buyer whom looking to buy BTC at low rate and that have place high order below 10k and BTC price will drop to zero In one case when there will no buyer at all. This will be possible only if BTC Blockchain be completely damaged and have no chance of recovery And there is no chance of that happening.
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Obari
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January 25, 2023, 01:46:44 PM |
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I haven't thought of Bitcoin falling to zero because Bitcoin operates on nodes and it might be possible if there aren't any single nodes running on the Blockchain which we know wouldn't be possible. Bitcoin wouldn't fall to zero so stop the assumption and start accepting it. There countries who are already accepting Bitcoin as a legal tender and Bitcoin falling to zero simply implies that the country itself will be at a verge of falling too and I'm sure they will also do everything to keep Bitcoin in existence too.
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Doan9269
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January 25, 2023, 01:54:32 PM |
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1. Will Bitcoin ever fall to zero someday? 2. What happens if it ever falls to zero?
Take it as it is for now that bitcoin will not go down to zero, other altcoins may do so, had it been you have carried enough research about bitcoin having the full understanding of the role it has come to play then you would have understood better the more reason why bitcoin cannot go down to zero, but been a newbie, there's no amount of information we can give you if you don't agree with all hat had been said about and written about bitcoin you will never make profits out of it or even believe it won't go down, but i think the 14 years consistency is good enough as a reason to get you understand bitcoin will not end being a currency.
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Pandu Geddon
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January 25, 2023, 01:57:26 PM |
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1. Will Bitcoin ever fall to zero someday?
people might think Bitcoin will be just like any other crypto. market entry, pump, dump, and die. but Bitcoin is different, Bitcoin has a really strong market. if it goes down sharply, there will always be those who believe in Bitcoin and buy it. and when it gets cheaper, it will also be offset by higher demand. it will stabilize the price again. 2. What happens if it ever falls to zero?
it's hard to think about that. but if the fate of Bitcoin is like shitcoin which eventually has to be 0 (although I believe it will happen), it means that there is an alternative solution that is technologically and in use better than Bitcoin. of course, that can be a bridge from the problem of managing money as a transaction tool in the world.
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Zanab247
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January 25, 2023, 01:59:51 PM |
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I don't think, the price of BTC will drop to zero because, if you flash back to know where the price of BTC started from, you will know that it will be difficult for the price of BTC to drop down to zero level in the market. Since BTC teams are seriously working every night and day to ensure BTC still remain the king among other cryptocurrencies which will be some of the reason the price will not dump to zero level. I will advise you to invest in BTC now so that you will be part of those that will celebrate soon because, you sound like some people that will regret when the price of BTC hit $100k soon.
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Vyeon11
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January 25, 2023, 02:22:16 PM |
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Please don't let my question cause so much hate on me but rather let's also be realistic at times. Though I haven't invested a reasonable sum in Bitcoin, I've at some point after watching how the market and price of Bitcoin fell from over $60k to less than $12k something similar to what altcoins do and it prompted some questions like 1. Will Bitcoin ever fall to zero someday? 2. What happens if it ever falls to zero?
It will be if this questions are answered without sentiment as I'm open to learn.
if bitcoin becomes zero, surely the state of the world is in a very severe economic crisis, or a situation worse than an economic crisis, namely the world is in a state of war. other than that, I'm sure bitcoin will not be zero, as long as humans exist, the internet is still running, the economy is still there and is still running, bitcoin will definitely still exist and will not be zero.
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Jet Cash
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January 25, 2023, 02:26:29 PM |
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Even if electric vehicles sucked up all the electricity so that nodes couldn't run, the blockchain would still exist.Once sanity prevailed, and EVs were banned, then the nodes and miners would restart.
Actually that wouldn't happen, because people like me would be mining using solar power.
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Offgrid campers allow you to enjoy life and preserve your health and wealth. Save old Cars - my project to save old cars from scrapage schemes, and to reduce the sale of new cars. My new Bitcoin transfer address is - bc1q9gtz8e40en6glgxwk4eujuau2fk5wxrprs6fys
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Nrcewker
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January 25, 2023, 02:31:21 PM |
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Practically it’s quite impossible for Bitcoins to fall at 0. Altcoins case are different and it’s completely pointless to compare any altcoin with Bitcoins. The reason for which Bitcoins won’t fall to this extent is due to the marketcap of the coin. It simply indicates what the trading volume or amount of Bitcoins that is being transacted all over the market. So yes if Bitcoins fall at certain level, it will gain back in price, or more people will buy it as soon as they see a drop in the price. So yes Bitcoins cannot come to 0 if we see in real life.
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maydna
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January 25, 2023, 02:37:06 PM |
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It's hard to see bitcoin crashing to zero one day. However, it could happen when another technology is more promising than bitcoin and everyone in bitcoin is moving on and using that technology. And if indeed the value falls to zero, there will be extraordinary panic in the market because many people have bought bitcoins at various prices. They will experience depression after seeing the bitcoin price become zero. But until now, bitcoin is still holding up, and we are sure that bitcoin will create new ATH again after getting a long rally.
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hatshepsut93
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January 25, 2023, 02:38:41 PM |
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Falling to zero means that no one will want Bitcoin and there will be no Bitcoin trading. I think for that to happen nearly all Bitcoin users must lose interest in Bitcoin, which would lead to collapse of the network. So realistically this would be a long process that can take decades, rather than one single sudden crash to zero. If it falls into obscurity, I see no chance of revival after that, because if there was such chance, it would have prevented it from happening in the first place.
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blockman
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January 25, 2023, 02:41:26 PM |
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1. Unlikely. 2. Then total wipe up of the entire crypto market. It's because majority of the altcoin's market are reliant to bitcoin and that's why if it gets to zero, then almost everything goes to zero as well and that means that the crypto market has totally been wiped.
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AbuBhakar
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January 25, 2023, 02:45:45 PM |
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1. Will Bitcoin ever fall to zero someday? 2. What happens if it ever falls to zero?
1.There’s a possibility that Bitcoin will turn to zero value since it’s price is backed by speculation but it’s very slim to happened because there’s always someone who’s willing to purchase Bitcoin on low price before it will go down to zero. 2. Of course crypto market will be collapse since Bitcoin as the most trusted cryptocurrency. The whole market will follow if the king collapse.
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hitsnorth
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January 25, 2023, 02:46:02 PM |
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I don't think it will ever go to zero. But I'd definitely want to see what would happen. How the market would respond? Will there even be a crypto market after that?
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slaman29
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Livecasino, 20% cashback, no fuss payouts.
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January 25, 2023, 03:12:13 PM |
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Falling to zero means that no one will want Bitcoin and there will be no Bitcoin trading. I think for that to happen nearly all Bitcoin users must lose interest in Bitcoin, which would lead to collapse of the network. So realistically this would be a long process that can take decades, rather than one single sudden crash to zero. If it falls into obscurity, I see no chance of revival after that, because if there was such chance, it would have prevented it from happening in the first place.
And that's why I always insist that we do a heck lot more for Bitcoin simply by using it, by asking for it to be used, and just really making sure we do all we can in the smallest way to keep using it (especially to create on chain transactions). People love to praise the hodlers but I think the users are the real unsung heroes.
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m2017
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keep walking, Johnnie
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January 25, 2023, 03:15:20 PM |
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Please don't let my question cause so much hate on me but rather let's also be realistic at times. Though I haven't invested a reasonable sum in Bitcoin, I've at some point after watching how the market and price of Bitcoin fell from over $60k to less than $12k something similar to what altcoins do and it prompted some questions like 1. Will Bitcoin ever fall to zero someday? 2. What happens if it ever falls to zero?
It will be if this questions are answered without sentiment as I'm open to learn.
2. The second question I would formulate differently: what should happen for the price of bitcoin to fall to zero? 1. Well, if BTC will ever cost 0, then the consequences are obvious. Humanity will lose interest in this and, therefore, bitcoin will be destroyed as a currency, investment tool and technology. Nothing is forever, which means that even btc will cease to exist. Once. Maybe in hundreds of years, or maybe in thousands, but certainly not tomorrow and not in 10 years.
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sbrys
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January 25, 2023, 03:46:17 PM |
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Please don't let my question cause so much hate on me but rather let's also be realistic at times. Though I haven't invested a reasonable sum in Bitcoin, I've at some point after watching how the market and price of Bitcoin fell from over $60k to less than $12k something similar to what altcoins do and it prompted some questions like 1. Will Bitcoin ever fall to zero someday? 2. What happens if it ever falls to zero?
It will be if this questions are answered without sentiment as I'm open to learn.
1. Yes it will go to zero one day there is no doubt about that 2. Probably not a lot as chances are big electricity will also be down and the planet on fire
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Showing off is the Fool's idea of Glory - Bruce Lee
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Xal0lex
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January 25, 2023, 03:53:24 PM |
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I've at some point after watching how the market and price of Bitcoin fell from over $60k to less than $12k When did bitcoin drop from $60k to $12k? Maybe you meant up to $15k. 1. Will Bitcoin ever fall to zero someday? Theoretically, anything can happen. Bitcoin's zero value could be if the network is compromised or somehow the private keys can be cracked quickly. The probability of such events is extremely low. 2. What happens if it ever falls to zero? Maybe a hardfork will happen and bitcoin will restart in a new chain as one of the options.
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