Can Bitcoin Drop to Zero?

[Agbe]

Op you don't have to confuse yourself because BTC will not and never go to the zero level again and that should be an imagination from the former Deputy Governor. All those people are haters of BTC so they are all willing the down fall of bitcoin but it will not happen in any day. Instead bitcoin will be going up and up. Many people have done said but the price is soaring the more. Bitcoin has nothing to do with theoretically and in practically bitcoin is going up. Bitcoin only have bear and bull market and in the bear market is meant to allow to buy bitcoin for those who are ready to join the investment.

[carlfebz2]

Op you don't have to confuse yourself because BTC will not and never go to the zero level again and that should be an imagination from the former Deputy Governor. All those people are haters of BTC so they are all willing the down fall of bitcoin but it will not happen in any day. Instead bitcoin will be going up and up. Many people have done said but the price is soaring the more. Bitcoin has nothing to do with theoretically and in practically bitcoin is going up. Bitcoin only have bear and bull market and in the bear market is meant to allow to buy bitcoin for those who are ready to join the investment.

If you are just noob and completely having no knowledge and having no experience on how this market behaves and works then you would really be definitely be having that kind of assumption
that Bitcoin could really go to zero on which it would really be just that typical for a noob to have that kind of assumptions but once you do have that sufficient experience on how this market behaves
then you would really be definitely be able to make yourself that be confident that it wouldnt be likely for it to happen. There are really just those people who are really that good
when it comes to price predictions and there are ones who are really that good when it comes on having that control when it comes into their emotions.
It is really just that there are ones who do easily panic out on the time that they would really be having those kind of awareness on whats happening around specially if its negative on where
those worrying and fear would really be starting to show up.

[dezoel]

But for bitcoin to go down zero level there are things and people that must have gone into extinction the entire users (community) of bitcoin, however I will just assume this news to be one of many FUDs we have always encounter in this crypto industry especially on bitcoin.

Bitcoin going to zero is impossible for me, when there are still many people buying it then the price will remain there. In theory it might be possible but in my understanding it is not possible.
There is a lot of news spreading FUD where bitcoin will reach zero price, it is said that there are no takers, this coin is said to be rubbish and that is said by people who don't like it, they prefer fiat so they say that.
Fud news will never go away, it will always appear to corner Bitcoin.

Logic says that it will never be zero, there are arguments that it could drop, but not zero, even for historical antique and unique value of it is not like that. Even if it gets hacked somehow and the whole bitcoin world is over, you would want to own bitcoin to say you were in on it back in the day, so it would never be zero.

Some glass made in 1828 has no value more than a regular glass compared to today, you can buy one for a dollar if you want to, but those goes for hundreds and hundreds, it is collectors item basically, same logic applies here, bitcoin was a big phenom so far, and even if it loses all the momentary value, it would never be "zero". I think that is the most important thing and we should consider that when thinking about the price.

[Ricardo11]

The value of Bitcoin will drop to zero, this can only possible when no one uses this coin anymore, i.e. everyone will stop using this currency, But,,! But,,! But,, currently Bitcoin is the most popular and most used currency, Bitcoin is The highest valued cryptocurrency, Bitcoin is called the king of cryptocurrencies. This currency will fall to zero, is it possible? I have never heard of such a possibility that the value of Bitcoin will drop to zero, and I don't think there is such a possibility. But yes, its value may decrease a lot or increase a lot, so can it ever be zero? Currently Bitcoin price is above 40k and it is going to make an ATH as big as 100k. So I don't think Bitcoin will ever drop to zero.

[STT]

The biggest bears on Bitcoin I've read or encountered would say BTC is not especially valid as a currency but like anything even BTC has a price.  The fact I can exchange it with anyone in the world is hard to dispute they just dont respect Bitcoin is any more valid then say beanie babies or baseball cards.   Thats a big insult and ignoring alot of detail such as fungibility but the estimate such people place on BTC is 200 or a few hundred dollars per Bitcoin.  
  That was the real price ten years or so ago, maybe they are just out of date with all the events that followed and of course the great loss of value in Dollar.  My main response would be if it can be 300 then it can be 3000 or more, we dont have fixed prices any more and its hard to argue Bitcoin does not have sector growth etc.

[Gladitorcomeback]

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.

When the world and humanity ends then everything will become zero and that time no one will think about bitcoin. When the world becomes over then what will you think that will there be any use of bitcoin to humans?

Bitcoin is also a part of crypto world so it is also a volatile currency which means that its value can be changed anytime so I think we should be mentally ready for such situations.

 From origination upto today date bitcoin show good and profitable effects therefore people are not agree to accept its volatile nature but it is reality that bitcoin is volatile and risky so everything can happen but still we are in good hopes about bitcoin success.

[Bitstar_coin]

It is highly unlikely for btc to go to zero especially not at the level at which btc is operating. Because of the advancement in technology and the digital world, there is a need to have a digital currency to steer things right, btc will always find a way to survive and exist.
Btc serves different purposes to different people, while some take it as an asset and a safe haven, others take it as a means of payment and financial freedom. Something you can't find in fiat.
The very purpose btc serves will not allow it to go to zero.

[thecodebear]

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.

Anything can happen theoretically haha. Yes absolutely theoretically bitcoin could drop to zero. That would involve everyone in the world deciding they don't want bitcoin and every single person stops buying.

Any investment can theoretically drop to zero. The practicality of bitcoin dropping to zero....well thats about the likelihood of waking up to find Apple is out of business tomorrow. Speaking of which, any stock has a much much higher chance of dropping to zero than Bitcoin, because Bitcoin is a currency owned by tens of millions of people and rapidly growing based on its fundamentals, while stocks involve the company staying in business and any company can go out of business if it starts failing to compete.

So its kinda of silly to say Bitcoin could drop to zero when its less likely to drop to zero than any stock which are considered "safe traditional" investments.

Also theoretically bitcoin could go to a billion dollars, and given fiat inflation over time, thats far more likely than it ever dropping to zero because reaching a billion dollars is simply a function of time. Doing the math, if all bitcoin did from here on out was keeps its raw value (stay at $43,500 in 2024 dollars, only going up by how much inflation there is in USD each year) and if we assume 3% long term USD inflation, bitcoin would reach $1 billion USD in 340 years simply as a function of USD losing value. I'd say its just about infinitely more likely bitcoin will be worth a billion USD in a few centuries than it being worth zero.

[Sebas.tian]

It is highly unlikely for btc to go to zero especially not at the level at which btc is operating. Because of the advancement in technology and the digital world, there is a need to have a digital currency to steer things right, btc will always find a way to survive and exist.
Btc serves different purposes to different people, while some take it as an asset and a safe haven, others take it as a means of payment and financial freedom. Something you can't find in fiat.
The very purpose btc serves will not allow it to go to zero.

If you think those prediction will come through for the price of Bitcoin to decrease to zero as some people predicted, that prediction will never see the light of the day, because today price prove to investors that $60,000 is possible before the end of June. Even some people take Bitcoin as payment in their various organizations and it has be helping them to use Bitcoin to pay their workers or purchase some goods and pay with Bitcoin and it has break so many challenges in their organization. Bitcoin team will not allow the price to decrease in a way other coins will take the position of Bitcoin than to make it remain the king among other cryptocurrencies in the market.

[shinratensei_]

even if it drops to $500 so many people are ready to bag, thats the advantage of being the original cryptocurrency as well as having limited total supply thats truly limited.
this coin will never go lower than $20k again I think thats already the lowest point for this coin.
moreover if it does go lower, i also will be the one among many people that gonna bag this coin since it is bullish in my opinion.
should also know the fact that when big companies are also investing in this coin, this also means that they gonna keep bitcoin from suddenly losing value and drop to zero.
that statement above that you pointed out I think just to give warning that any cryptocurrency could drop to zero because of fluctuates and volatile.
but honestly any investment asset in this world could also drop to zero.

[NicNacCoin]

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.

I never believe the predictions of influential theorists who have analyzed that Bitcoin may fall to zero. All these theorists analyze the influential market only to corrupt the market and inject thoughts into people's minds. No one should believe the words of all these influencers. But you can believe that Bitcoin will go to $100000 by 2024 but it is not believable and I don't believe that Bitcoin will go to zero.

[peter0425]

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.

That is why he is deputy now because he has no value in His job so what can you expect from Him?

or maybe he call bitcoin like that because he has no funds to invest nor he wanted to bring the value low so he can finally purchase in so cheap value?

[bitterguy28]

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.

I never believe the predictions of influential theorists who have analyzed that Bitcoin may fall to zero. All these theorists analyze the influential market only to corrupt the market and inject thoughts into people's minds. No one should believe the words of all these influencers. But you can believe that Bitcoin will go to $100000 by 2024 but it is not believable and I don't believe that Bitcoin will go to zero.

I think you have a point on that, because we have seen this before right ?  back in the years when bitcoin was just started and those theorists made its name bad for them to take the chunks , and indeed that their are only corrupting the system favoring their target.

[wmaurik]

I never believe the predictions of influential theorists who have analyzed that Bitcoin may fall to zero. All these theorists analyze the influential market only to corrupt the market and inject thoughts into people's minds. No one should believe the words of all these influencers. But you can believe that Bitcoin will go to $100000 by 2024 but it is not believable and I don't believe that Bitcoin will go to zero.

Everyone does not have a special right to believe in the words of any influencer regarding the price of Bitcoin, because we all have our own thoughts on anything so we don't necessarily have to believe what influencers say even though they like to think like that at all matter. I actually believe more that Bitcoin will find a new ATH this year if there is no deep enough price correction than thinking that Bitcoin will go to zero as the influencer said.

I think you have a point on that, because we have seen this before right ?  back in the years when bitcoin was just started and those theorists made its name bad for them to take the chunks , and indeed that their are only corrupting the system favoring their target.

Influencers are also humans who have more goals by saying something less than logical, so we don't need to be influenced by what they say about Bitcoin if we all have our own thoughts and beliefs about Bitcoin. And besides that it can damage the market system and the trust of a small number of people, it can also damage themselves if what they say doesn't happen with Bitcoin and people who believe in them will definitely regret it because they can't feel the benefits of Bitcoin when the price Bitcoin is experiencing an increase in the market.

[ShowOff]

I never believe the predictions of influential theorists who have analyzed that Bitcoin may fall to zero. All these theorists analyze the influential market only to corrupt the market and inject thoughts into people's minds. No one should believe the words of all these influencers. But you can believe that Bitcoin will go to $100000 by 2024 but it is not believable and I don't believe that Bitcoin will go to zero.

Everyone does not have a special right to believe in the words of any influencer regarding the price of Bitcoin, because we all have our own thoughts on anything so we don't necessarily have to believe what influencers say even though they like to think like that at all matter. I actually believe more that Bitcoin will find a new ATH this year if there is no deep enough price correction than thinking that Bitcoin will go to zero as the influencer said.

Who are the influencers you mean, I don't think they are one of them but they are just people who don't like the idea of ​​bitcoin. Influencers are people who can influence something they say, it's like Elon Musk for Doge or Saylor for bitcoin. As for someone who doesn't like the idea of ​​bitcoin, they are not worthy of being called an influencer and I tend to call them haters.

This year it is difficult to get a new ATH for bitcoin although it is not impossible. I'd rather expect it in 2025 than this year, but what matters is not what it's worth but how ready I think you are for the next ATH. Just prepare your portfolio better and then you just need to wait for the process. Bitcoin will not fall to zero, but the value of your assets may fall. Because of that, be careful and stay safe.

[RewFrew]

Everything is possible in cryptocurrency market i think. But i can’t imagine Bitcoin price will zero ever. Even it will never happen i think. Because Bitcoin is fully decentralize no anyone controlling it. Even Bitcoin is not a company which will Bancroft. So i couldn’t think Bitcoin price drop to zero. I think After many good news like, ETF approval and future halving Bitcoin price will go new ATH within one Year. I believe Bitcoin price not drop to zero it will go more up continuously from now.

[Onyeeze]

There is some certain time that you have to understand concerning the price of Bitcoin even though bitcoin Falls or continue to fall there is no time the price of Bitcoin will go back to zero instead of that the price will continue to appreciate bitcoin falling does not mean that it will go back to the standing point or Bitcoin in 2010 which bitcoin was being introduced so right now it will fall and rise and if your panic you might sell your Bitcoin when the price rises

[milewilda]

I never believe the predictions of influential theorists who have analyzed that Bitcoin may fall to zero. All these theorists analyze the influential market only to corrupt the market and inject thoughts into people's minds. No one should believe the words of all these influencers. But you can believe that Bitcoin will go to $100000 by 2024 but it is not believable and I don't believe that Bitcoin will go to zero.

Everyone does not have a special right to believe in the words of any influencer regarding the price of Bitcoin, because we all have our own thoughts on anything so we don't necessarily have to believe what influencers say even though they like to think like that at all matter. I actually believe more that Bitcoin will find a new ATH this year if there is no deep enough price correction than thinking that Bitcoin will go to zero as the influencer said.

Who are the influencers you mean, I don't think they are one of them but they are just people who don't like the idea of ​​bitcoin. Influencers are people who can influence something they say, it's like Elon Musk for Doge or Saylor for bitcoin. As for someone who doesn't like the idea of ​​bitcoin, they are not worthy of being called an influencer and I tend to call them haters.

This year it is difficult to get a new ATH for bitcoin although it is not impossible. I'd rather expect it in 2025 than this year, but what matters is not what it's worth but how ready I think you are for the next ATH. Just prepare your portfolio better and then you just need to wait for the process. Bitcoin will not fall to zero, but the value of your assets may fall. Because of that, be careful and stay safe.

Once you do step your foot into this market then it would really be just that right that you should be prepared for whatever things that you would really be able to encounter. We do know that there's no such thing about guarantees in this life and on everything that we are dealing ex. this market on which everything would really be basing up on the demand and recognition.Can Bitcoin would go to zero? Its unlikely but there would really be always the possibility and just like been said by others that as long the there would really be a demand then it would really be hardly be losing its value but if it would happen to be different or the other side then
we can really expect that it would be replaced by something else and this is something that really in default.

This is why as an investor then you shouldnt really be removing into someones mind in speaking about those risks involved with your investment because there's
no one could be able to know on what would happen in the future.

[Oasisman]

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.

Theoretically? Yes, but practically No, at least in this current time line.
Bitcoin has just got too huge of a volume in daily trading. A lot of people are trading with crypto globally and each of this trades are most probably going to involve bitcoin. That could only mean one thing, as long as there are people who own, buy, or sell bitcoin, the chances for it to become zero definitely NONE.
If theoretically, something catastrophic happens that eradicates the use of internet, that I think would cause bitcoin to lose it's value. But then again the root word there is "theoretically" which means, very unlikely to happen.
I wouldn't take away the possibilities of bitcoin going zero, but at least not in the next 50 years or whichever year it falls when all of bitcoin has been mined.

[Moeda]

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.

We'll have to see when he speaks, and what Bitcoin price is at that time. Talking about theoretical.
If at the time he spoke the price of Bitcoin was $40k, one week later the price was $50k, and after that the price returned to $40k, which means the price of bitcoin returned to zero, or returned to the base price of $40k. Because buyers at the previous $40k price were getting nothing.

This is a simple way to understand what is being said.

If the practice goes to zero without any value, perhaps this is not appropriate. It could be that the world's internet network is disconnected, so transactions won't work.