TimeTeller
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January 25, 2023, 09:13:49 PM |
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often come across threads like this and ask whether bitcoin will reach zero price or be worthless at all. Do they expect bitcoin to be worthless or to be the end of bitcoin? Let alone wishing for bitcoin to go to zero, Bitcoin under just $1k is currently still impossible. Bitcoin is a new technology that still needs development, but even so bitcoin has become a popular digital asset and has great value. that means bitcoin gets attention from all walks of life, both the pros and cons of bitcoin. Instead of expecting bitcoin to fall to zero, it's better to start investing now, buy and hold bitcoin you will get the benefits.
I believe, they are more on like getting insights from crypto users. As they are also investing in btc, they are checking the sentiments of the community. I have the feeling that they just want to get assurance about investing on this market. As of the moment, going down to zero is not anywhere in the horizon. So they should feel confident about their holdings, worry if you can read any news anymore about btc or crypto.
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darkangel11
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January 25, 2023, 09:43:44 PM |
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There's literally 0% chance for it to happen. I'd say there's a higher probability of World War III and the world being nuked into oblivion than bitcoin going to 0. Let's say it theoretically happens and you're asking what happens next. So for that to happen we'd need a large crash on equity markets. I just don't see a way for bitcoin to go to 0 without a devastation on the markets and for that to happen we'd need another pandemic or a nuclear war. I guess we'll all be in deep shit if that happens so you'll have other things to worry about than your little investment.
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nurilham
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January 25, 2023, 09:48:07 PM |
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1. Will Bitcoin ever fall to zero someday? 2. What happens if it ever falls to zero?
1. Not impossible but seems like a very small chance. You must know that too many big players joined BTC investment already, even a country like El Salvador joined it. As long as there are big demands, it is unlikely to fall to zero value. 2. Simple, everyone loses their money in BTC if it falls to zero. But with a big community and big money circulation on BTC, it seems to never happen.
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Cryptomiles1
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January 25, 2023, 09:54:45 PM |
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If you must know it will be very hard for such to happen because if it falls below 10k then is a new opportunities for investors and to those who have been wishing for it to drop for them to fill their bags most especially me, I don't mind buying with all my live savings to make sure I hold some reasonable amount of bitcoin. But nevertheless, don't you ever dream about what you just think of because I know it won't happen.
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Quidat
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January 25, 2023, 10:07:06 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. No one knows on what would be the future, because we do know that nothing is permanent into this world but if Bitcoin would sustain out that kind of demand that we are seeing today and keeps increasing as years passing by then it would really be hard to assume out that kind of condition. 2. Going to zero? For sure people had already flocked out into other coins or projects in the market.If it turns out that there's much more better than with Bitcoin then you cant really stop the public or community on that.
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batang_bitcoin
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January 25, 2023, 10:15:54 PM |
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1. Will Bitcoin ever fall to zero someday?
Then, we'll go back to our normal lives where we don't have an asset that we can pull up anytime we need some cash and sell for it. But honestly, we do get this type of question repetitively and people should accept the fact that bitcoin will not become zero someday at least in our era, it's highly unlikely that it will be zero. 2. What happens if it ever falls to zero?
We'll for sure going to hit our heads hard specially those people like me that have heavily invested on it. But thinking of my loss, how much more those financial institutions that has got hundreds of millions on it.
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Sakanwa (OP)
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January 25, 2023, 11:22:04 PM |
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I Thought of this question over and over again that why I asked. Let us come to realistic now and see from this other angle of life that if eventually bitcoin fells to zero what do you think will happen to alot of people,most of us can even lost our life for it because in life what ever that is sweet always have the bitter side of it, and again the say anything that goes up most surly come down.so I guess we think of it too because we should see what alot of us are talking about 2022 which was last year,how the market system so on our neck and most people thought it is over for them, what it happens to be that it went totally to zero what do we think could happen to some of us
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Stella Mese
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January 26, 2023, 01:06:41 AM |
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you are not wrong to ask that and I will not laugh at you, I think bitcoin will be difficult to fall in price to zero, just try to imagine and see how many people want to buy bitcoin. so even if the price of bitcoin goes down in my opinion it won't get to zero. unless the world is destroyed.
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GreatArkansas
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January 26, 2023, 01:14:02 AM |
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(...) 1. Will Bitcoin ever fall to zero someday? 2. What happens if it ever falls to zero? (...)
If this will happen, just in case. In my own opinion, expect that the whole cryptocurrency market will also follow, even the altcoins market, I believe they will also go to zero, there is no way altcoins will stay if Bitcoin is already zero. Another thing is, right now we have already more than $1 trillion entire market cap of cryptocurrency, if this entire market cap will be go to zero, lot of businesses will go bankrupt too and that will lead people also will go bankrupt and I believe there are some huge businesses will get affected.
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CryptSafe
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January 26, 2023, 01:19:22 AM |
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I just assume this to be a dream and even if it be a dream i d not think it would be a reality. Although there is every tendencies that there would be a down slope but not to that point as you have spoken. I do not believe bitcoin would go less than the amount as mentioned. I do not in any way envisage it as it can never be a reality. You can talk of altcoin dropping that bad but not bitcoin. The market factor i think would continue to keep bitcoin growing and getting stronger and stronger irrespective of hurdles. Bitcoin has come a long way to have such sudden drop. I am patiently anticipating bullrun as it has gradually started showing up. Do not let anything make you miss this opportunity of bagging more, go fill your bag before the bull speed comes up. Just forget about the scrap that you have mentioned earlier before now and do the needful if you have the funds available. Please, if there is anyone telling you about bitcoin negatively, kindly do well to run away from that person. Bitcoin has come to stay.
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xSkylarx
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January 26, 2023, 01:26:28 AM |
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It would be a total chaos because for sure it is because of no internet connection, chaos in our world, war anything that is bad that we can think is happening. That is likely will happen if bitcoin if drops to 0 as it is tied to our economy. Though it would be impossible to make it drop to 0 or die but those will happen if ever. Not sure why anyone thinking of this as it has a low possibility. Lets think on positive side.
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Adbitco
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January 26, 2023, 09:06:29 AM |
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This may not be possible as you think, have you forgotten the rising and falling of the market is what always complete the trading circle principles? Yes, without all these movement there would be no increase and decrease of bitcoin or the entire cryptocurrency at large. Get one thing in return or in mind that if such happened then all altcoin will not survive the hit as well..
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NeuroticFish
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January 26, 2023, 09:17:37 AM |
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1. Will Bitcoin ever fall to zero someday? 2. What happens if it ever falls to zero?
Your logic is faulty imho, sorry. And I will tell you how I see it. If ever (yes, the chances are less than slim, but still) Bitcoin falls to 0, that will be the result of something, not the trigger to something. It would be the result of people losing interest, maybe because of some error we cannot foresee, maybe because something much better was created. So the answers would be: 1. Most probably no. 2. Nothing special. The relevant things have already happened by then.
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slaman29
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January 26, 2023, 10:59:50 AM |
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It would be a total chaos because for sure it is because of no internet connection, chaos in our world, war anything that is bad that we can think is happening. That is likely will happen if bitcoin if drops to 0 as it is tied to our economy. Though it would be impossible to make it drop to 0 or die but those will happen if ever. Not sure why anyone thinking of this as it has a low possibility. Lets think on positive side.
That will be true, but that will have very little to do with Bitcoin and everything to do with the fabric of society being torn apart and destroying all the structures that our people are built on. Don't get me wrong I think Bitcoin is very important to the world right now but it is still way too young to have catastrophic impact on the world's economy, the crashes we've seen is proof right?
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Dickiy
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January 26, 2023, 11:30:43 AM |
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Realistic thinking must also be accompanied by knowledge, don't just be based on illusions that might lead you to a bad page, fundamentally and that's impossible. In my analogy, bitcoin won't end like that, but if the value becomes zero, it's possible. with a note that humans no longer use electricity and the internet, so the point is that bitcoin will never be zero as long as humans still use electricity and the internet in their lives. I think that's pretty realistic and logical.
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KingsDen
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January 26, 2023, 12:12:56 PM |
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1. Will Bitcoin ever fall to zero someday?
Bitcoin will never fall to zero as far as cryptocurrency market is concerned. This because there are institutional traders and whales in the market. If the price nears anything close to $5,000 whales will push it up immediately and so on. 2. What happens if it ever falls to zero?
If it falls to zero peradventure which cannot happen, then you know that it is the greatest buying in the history of bitcoin.
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CryptounityCUT
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January 26, 2023, 01:12:41 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.
It can not drop to 0, one thing is if the wales will see that price is dropping they can burn BTC through different wallets, just send them to the death wallet and supply will drop, and the price should go up. Miners can do that easily.
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kryptqnick
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January 26, 2023, 01:25:55 PM |
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Bitcoin's lowest point was $15700, not 'less than $12k' as the op says. That can be a start of realizing the issue. If you invest in Bitcoin, you need to understand its price dynamics, where to watch it (I use Coingecko, but there are similar alternatives), what happened to the price before and what happened recently. In that case, you'd see that there is no good reason to believe that it will fall to $0, and also that it will fall to $5k, $1k. It's not impossible, of course, but it's highly unlikely, so you can take that as a way of orienting yourself. You could also notice that Bitcoin fell, in terms of percentage from the ATH, even lower the last time the bear market hit.
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Pesona1
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January 26, 2023, 02:23:45 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.
As long as bitcoin still has great trust from people then I'm not sure if bitcoin will fall to ZERO price, now the bitcoin community has spread throughout the world and even many of the countries in the world see that bitcoin can be a solution for the economy and finance they are like what El Salvador did, with a large community automatically the interest in bitcoin will not stop and even I dare say that bitcoin will never be ZERO in the future...!. But if we suppose of course if later bitcoin becomes ZERO then what happens in the end we will all leave something that really has no price at all but believe me it's impossible for bitcoin to be Zero.
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Nolik_19
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January 26, 2023, 04:14:31 PM |
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it seems to me that this is impossible, since the world has rushed to digitalization
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