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Author Topic: Can Bitcoin Drop to Zero?  (Read 1275 times)
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January 19, 2024, 09:55:59 PM
 #81

I believe bitcoin has its own ending, but we still don’t know for now when it’s going to happen as we are still taking advantage on its current high price. But we all know bitcoin is not all the time on top of others, it will also have its own time to drop its price and see its value end in zero. Probably in the future it will, when people have found another crypto that has more potentials than bitcoin, so when it happens, bitcoin will lose its demand until it starts to vanish in the crypto market.

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January 20, 2024, 11:23:39 AM
 #82

-snip-
-snip-

But will that actually happen? I hope not anytime soon although we never know what will happen in the long term. Bitcoin and its network are still safe today and if someone doubts its future, then let them be with all their assumptions. But however, this is a risk that might need to be considered.
I really hope that won't happen to Bitcoin for decades to come. Back again to reality, if everyone who is now continuing to try to own Bitcoin from small amounts to large amounts, suddenly stops their activity of carrying out transactions, just letting Bitcoin settle in their wallets, then the price will not be 0, but very expensive.
I agree, let this unreasonable assumption persist in people who think the price of Bitcoin will go to 0. While other people continue to adopt Bitcoin every day on the remaining Bitcoin in circulation.

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January 23, 2024, 08:03:02 PM
 #83

I think all these your thoughts is very possible because there is one constant that doesn't ever changes and that would be change itself, everything is possible but yet impossible too like you have stated the value and demand for Bitcoin now has made it impossible for the price to drop that low and also their is the fact that it's nature of decentralization makes it different from all other crypto because centralized own coins market value can be altered by different scandals targeted at the owners of the coins but with Bitcoin it's different cause no one owns it or for a fact the owner is actually missing.
I thought there is no change? So why say it's possible? But for me, I think there is a change in anyone and also here in BTC. I don't only wish for BTC to go to zero because I'm still benefiting on it now. BTC is in-demand right now, that is because BTC is still performing well. Though what if it experience a problem that is difficult than before? That would make people to get turned off on using it. But, again I won't hope for it. I'm only saying that as an example. I think there are cryptos next to BTC which are also decentralized.

So, we are lucky that we still have a replacement the moment it disappears. There are BTC owners, and that is us and Satoshi the founder of it. We can also control or manipulate it in fact. But it's not as worse as the centralized cryptos.

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January 23, 2024, 09:41:23 PM
 #84

I think all these your thoughts is very possible because there is one constant that doesn't ever changes and that would be change itself, everything is possible but yet impossible too like you have stated the value and demand for Bitcoin now has made it impossible for the price to drop that low and also their is the fact that it's nature of decentralization makes it different from all other crypto because centralized own coins market value can be altered by different scandals targeted at the owners of the coins but with Bitcoin it's different cause no one owns it or for a fact the owner is actually missing.
I thought there is no change? So why say it's possible? But for me, I think there is a change in anyone and also here in BTC. I don't only wish for BTC to go to zero because I'm still benefiting on it now. BTC is in-demand right now, that is because BTC is still performing well. Though what if it experience a problem that is difficult than before? That would make people to get turned off on using it. But, again I won't hope for it. I'm only saying that as an example. I think there are cryptos next to BTC which are also decentralized.

So, we are lucky that we still have a replacement the moment it disappears. There are BTC owners, and that is us and Satoshi the founder of it. We can also control or manipulate it in fact. But it's not as worse as the centralized cryptos.
No one wishes for Bitcoin to become zero, because if that happens then this entire community would really be freaking out on whats going on into this world on which it is really that hard to believe that
Bitcoin would really be dethroned by some altcoins on which we know that it isnt really just that right, but we know that there's no such thing on this world that couldnt happen. Everything could
happen and it would really be that depending into the communities decisions and support of course. If it tends out to fade away then expect that there would really be something
better that would patch up.

It is really just that as an investor or believer or crypto enthusiast on which it is really just that right that you should really know on what you are doing.
Dont make yourself do stick into a single investment but rather it would be always best and wise that you should really be having multiple.
Invest and diversify on which this had been always been recommended.

R


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January 23, 2024, 11:16:22 PM
 #85

First you have to explain who he is and is he influential in crypto?
listen carefully, the price of bitcoin will not fall to 0, even if elon says this it will be considered a joke because it is impossible for the price of bitcoin to fall to 0.

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January 24, 2024, 01:58:37 AM
 #86

No one wishes for Bitcoin to become zero, because if that happens then this entire community would really be freaking out on whats going on into this world on which it is really that hard to believe that
Bitcoin would really be dethroned by some altcoins on which we know that it isnt really just that right, but we know that there's no such thing on this world that couldnt happen. Everything could
happen and it would really be that depending into the communities decisions and support of course. If it tends out to fade away then expect that there would really be something
better that would patch up.

It is really just that as an investor or believer or crypto enthusiast on which it is really just that right that you should really know on what you are doing.
Dont make yourself do stick into a single investment but rather it would be always best and wise that you should really be having multiple.
Invest and diversify on which this had been always been recommended.
Don't worry, it's not going to happen. There is too much demand for Bitcoin, therefore it's not going to reach zero price. Actually, when Bitcoin's price fall some thousands of dollars, there are already people ready to buy and push the price upside once again. Investors don't let the price crash too much, so it's definitely not going to zero. Bitcoin is too precious for that, and everyone with basic knowledge about modern economics and the future of finances is aware about it. If Bitcoin were so unstable and uncertain at the point of hiting zero value on the next day, I doubt there would be so many whales, businessmen, governments and even the wealthiest man on Earth worried about this digital currency. The potential is just huge!

Also, don't worry about altcoins, because so far none of them have conditions to overcome Bitcoin in dominance. I believe Bitcoin is free to rule for at least two decades on this market yet, although we need to be conscious nothing lasts forever in this physical world, as everything is constantly changing, evolving and adapting.



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January 24, 2024, 04:09:31 AM
Merited by fillippone (1)
 #87

I believe bitcoin has its own ending,
Are you agreeing with Jon Cunliffe? An end should be the time Bitcoin will die, if you believe this, then you are suggesting Bitcoin will actually come to zero. But why do Bitcoin have to die? It is difficult for me to imagine because as you can see, Bitcoin is even getting better with more people accepting it and investing into it.

Instead of worrying ourselves about when Bitcoin will come to zero, which I consider as fud, why not we concentrate on enjoying the good things that is happening with Bitcoin? Now we are expecting bull run before or after the halving, that is an opportunity to make some cool money.


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January 24, 2024, 06:30:00 AM
 #88

I believe bitcoin has its own ending, but we still don’t know for now when it’s going to happen as we are still taking advantage on its current high price. But we all know bitcoin is not all the time on top of others, it will also have its own time to drop its price and see its value end in zero. Probably in the future it will, when people have found another crypto that has more potentials than bitcoin, so when it happens, bitcoin will lose its demand until it starts to vanish in the crypto market.
talking about ending when bitcoin is just starting is something unethical for me we cannot even imagine what can make bitcoin die(super computer?) so maybe lets not talk about its ending instead we should talk about more growth.

we also have just ETF approval , and now we are near Halving and those are what we need to justify now and not bitcoin going to zero as its not really appropriate to tackle in our days now.

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January 24, 2024, 06:51:05 AM
 #89

First you have to explain who he is and is he influential in crypto?
listen carefully, the price of bitcoin will not fall to 0, even if elon says this it will be considered a joke because it is impossible for the price of bitcoin to fall to 0.
Like for real, his opinion does not matter on this, let him be a whale still does not count on affecting the price dropping to zero. The price of Bitcoin is affected by Demand and Supply, buying and selling, so as long we keep holding and trading Bitcoin we can never see the price down to zero we only get to see a severe dip.

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January 24, 2024, 07:47:27 AM
Merited by The Sceptical Chymist (3)
 #90

First you have to explain who he is and is he influential in crypto?
listen carefully, the price of bitcoin will not fall to 0, even if elon says this it will be considered a joke because it is impossible for the price of bitcoin to fall to 0.
Like for real, his opinion does not matter on this, let him be a whale still does not count on affecting the price dropping to zero. The price of Bitcoin is affected by Demand and Supply, buying and selling, so as long we keep holding and trading Bitcoin we can never see the price down to zero we only get to see a severe dip.
Like you said demand and supply which in general means adoption. The more people accept bitcoin so is the demand for it and those who have bitcoin in their custody will surely release some for those who are in need because they will offer a higher price to buy. it. So, i hardly expect a currency with so such a high adoption and usage to its value anytime soon. Bitcoin is just getting started, this is because investment platforms are making it easier for people to invest in Bitcoin with ease. Starting from the Bitcoin ETF. Most investors investing in the Blackrok do not have any solid idea in bitcoin investment, but they trust the platform offering them the investment so what they care about is their ROI that was. stipulated.

Yes, it can, but that will only happen when the world is finally over, when humanity has finally disappeared from the world.

Secondly, it can happen when every exchange has collapsed and there is no longer a market for Bitcoin, cryptocurrencies, or any blockchain asset.
I like this. You have so much conviction @Dr. Bitcoin_Strange. Have you thought about the size of the blockchain being an issue, because if more people adopt which we are certain that the population of bitcoin adopters will increase significantly from this year. So, the moment these new set of persons start investing in Bitcoin the transaction load begins to increase and causes longer time for transactions to be verified by miners. Don't you think people will prefer other blockchains while bitcoin will be losing value every day. Don't forget there are a lot of competitors out there who want to see bitcoin collapse.

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January 25, 2024, 11:13:16 AM
Merited by yudi09 (1)
 #91

First you have to explain who he is and is he influential in crypto?
listen carefully, the price of bitcoin will not fall to 0, even if elon says this it will be considered a joke because it is impossible for the price of bitcoin to fall to 0.
I think as long as the person doesn't have a big influence on crypto, whatever he says won't necessarily happen to crypto, especially if it's about Bitcoin going to zero. Likewise with the words of people who are influential in crypto, as long as that is what they say, it certainly won't come true if Bitcoin enthusiasts themselves continue to increase every year. So it's better not to think about what other people say as long as in reality it is still difficult to happen and even more so impossible.

Like for real, his opinion does not matter on this, let him be a whale still does not count on affecting the price dropping to zero. The price of Bitcoin is affected by Demand and Supply, buying and selling, so as long we keep holding and trading Bitcoin we can never see the price down to zero we only get to see a severe dip.
I also think like that, so I never thought that Bitcoin would go to zero as long as there was still Demand and Supply, buying and selling in the market. So there is no need to waste time and thought thinking about things like that if in fact it is not like that so everyone just needs to use every moment of their time to gain profits and other benefits through Bitcoin.

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BitPuzzle
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January 25, 2024, 02:17:18 PM
 #92

This can happen to many altcoins out there. But youre talking about the father of all coins, it can drop to 1 usd and will come back to its value again and again.
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January 26, 2024, 06:41:28 AM
 #93

Like you said demand and supply which in general means adoption. The more people accept bitcoin so is the demand for it and those who have bitcoin in their custody will surely release some for those who are in need because they will offer a higher price to buy. it. So, i hardly expect a currency with so such a high adoption and usage to its value anytime soon. Bitcoin is just getting started, this is because investment platforms are making it easier for people to invest in Bitcoin with ease. Starting from the Bitcoin ETF. Most investors investing in the Blackrok do not have any solid idea in bitcoin investment, but they trust the platform offering them the investment so what they care about is their ROI that was. stipulated.
Let us believe OP was only trying to stress our brain to think of something that will never happen, dropping to zero means the end of Bitcoin. Even most Altcoins DIPs but not down to zero. We are still talking about a cryptocurrency with the highest adoption and marketcap.

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January 26, 2024, 08:57:07 AM
 #94

This can happen to many altcoins out there. But youre talking about the father of all coins, it can drop to 1 usd and will come back to its value again and again.
It is normal for people here to expect impossible like what they know and what they do understand because many of us here have learned this over the years that Bitcoin is here to stay at least for many years more .
but knowing altcoins and bitcoins movement since then , I must admit that sometimes I have that thinking but never come to realized it will happen , dropping to zero meaning the end of the use of cryptocurrency.

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January 26, 2024, 09:18:37 AM
 #95

This can happen to many altcoins out there. But youre talking about the father of all coins, it can drop to 1 usd and will come back to its value again and again.
The opinion quoted by the OP comes from someone that wants to inspire FUD on this market by talking about what it is theoretically possible, but if we were to talk about that with any seriousness then we should be scared about everything as in theory anything can happen, however if we are being realistic about this, it is very unlikely for bitcoin to ever go down all the way to zero, as I would expect that an asset that can help you to retain some of your privacy and move your wealth without any third party interfering will always have some value.
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January 26, 2024, 12:26:16 PM
 #96

Former deputy governor, BOE believes Bitcoin can drop to zero. I wonder what his opinion is at the moment.

"Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.

And what's the different between theoritical and practical drop to zero for BTC?

Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.
Maybe the Earth explodes with one of the planets and the world is destroyed, maybe I die today, maybe you go from owning $1 to owning $1 billion. So there are many things that can happen. Nothing is impossible. Maybe the price of Bitcoin will reach zero one day. But it is almost impossible to say when it will come. I think we may have to wait a long time for the price of Bitcoin to reach zero.
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January 26, 2024, 12:30:47 PM
Last edit: January 26, 2024, 01:53:40 PM by Antonil
 #97

In my opinion, whether you think literally or theoretically, Bitcoin's price will never go to 0.  Because Bitcoin is a dream coin for the people of the world which obeys a restrictive rule. And it cannot be mined after the specified amount is exhausted.


But almost everyone wants to have some coins with him. Due to the increase in price, it is not possible for everyone to buy.  So when the price goes down, everyone will buy bitcoin and start holding it.  If Bitcoin is held more and more, the demand in the market will increase. Then as soon as the price increases, all the holders will start withdrawing their accumulated coins.  As long as this process exists in the world, the price of Bitcoin will never fall to 0.

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January 26, 2024, 01:21:22 PM
 #98

First you have to explain who he is and is he influential in crypto?
listen carefully, the price of bitcoin will not fall to 0, even if elon says this it will be considered a joke because it is impossible for the price of bitcoin to fall to 0.
I think as long as the person doesn't have a big influence on crypto, whatever he says won't necessarily happen to crypto, especially if it's about Bitcoin going to zero. Likewise with the words of people who are influential in crypto, as long as that is what they say, it certainly won't come true if Bitcoin enthusiasts themselves continue to increase every year. So it's better not to think about what other people say as long as in reality it is still difficult to happen and even more so impossible.
I do not think that it would ever go to zero because anyone said anything. It doesn't matter if all the leaders in G20 come out and all say that they will ban bitcoin that could make it go to zero, down for sure, but not zero. What could make it go to zero is only technical stuff, like if someone finds a way to hack into wallets, then yeah it could go to zero, why would anyone want to hold something that would be taken away anyway, if people start hacking into cold wallets as well? That means it's all over for bitcoin.

We should consider the possibility that we are going to do fine, it is not going to be zero, nobody will crack into your wallet, no leader will ban it, it is just going to be how it is, a bit up, a bit down. That is until bull run and bear run, then a lot up and a lot down of course Cheesy lol.

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January 26, 2024, 02:30:55 PM
 #99

I do not think that it would ever go to zero because anyone said anything. It doesn't matter if all the leaders in G20 come out and all say that they will ban bitcoin that could make it go to zero, down for sure, but not zero. What could make it go to zero is only technical stuff, like if someone finds a way to hack into wallets, then yeah it could go to zero, why would anyone want to hold something that would be taken away anyway, if people start hacking into cold wallets as well? That means it's all over for bitcoin.
It makes perfect sense, really makes a lot of sense because Bitcoin is basically not controlled by anyone's words, let alone the words of people who hate Bitcoin so it is quite possible for it not to go to zero. Except for technical things like what you said, because technical things cannot be predicted or expected by everyone so they can make everyone give up Bitcoin before it is taken by someone who breaks into our wallets. So I will treat this as a very normal thing because on the one hand at all times there are always people who seek sensation with the words that come out of their mouths.

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January 26, 2024, 02:36:58 PM
 #100

This can happen to many altcoins out there. But youre talking about the father of all coins, it can drop to 1 usd and will come back to its value again and again.
The opinion quoted by the OP comes from someone that wants to inspire FUD on this market by talking about what it is theoretically possible, but if we were to talk about that with any seriousness then we should be scared about everything as in theory anything can happen, however if we are being realistic about this, it is very unlikely for bitcoin to ever go down all the way to zero, as I would expect that an asset that can help you to retain some of your privacy and move your wealth without any third party interfering will always have some value.

Yes indeed. An its most like even the most afraid gorvenments about btc are more inclined going to hide big embezzled money instead of try to ruin it.
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