Bitcoin is going to ZERO

[boyptc]

It's only a statement and from their words they sound assuring but they are not sure on how they're going to do that.

Bitcoin is already a huge market cap market that they can't push it down to zero anymore. Whatever the government does, the US government isn't the only government existing in the world.

There will be another taker of it whenever they try to push the prices downwards where others would see it as a great opportunity to buy.

Having a big market cap is not like a safety guard or a strong guarantee that Bitcoin won't lose its market cap and its price. Fundamentals behind that make up Bitcoin value, price and market cap are vital and decisive for ability of maintaining its market cap in the future by going through high volatility of the market with many external factors and impacts from economy, geopolitics and more.

Bitcoin blockchain is very strong and secure by its truly decentralization from technical programming, developments, upgrades to its network hashrate and node distributions geolocation globally so that this blockchain can not be shut down by any government. These things make Bitcoin value and they're strong decentralized guards for Bitcoin market cap in the future.

Yes, having a huge market cap isn't a safety net and there is no assurance that it will decrease over time. But we know that it's already established and that's also the reason why new investors are coming in.

Because of the confidence that it's quite big already like the other top assets that has huge market cap, that makes them encouraged to invest in it.

And I agree with you that due to the fundamentals that it has got, it makes bitcoin even stronger.

Statements like these are often made during a price decline and it's true as you said, that sometimes when there's pessimism about Bitcoin or irresponsible information circulating on social media, it's suspected that this is a ploy by those who want the price to fall so they can buy at a low price. Logically, Bitcoin can't possibly go to zero given its advantages. In fact, every time someone says so, Bitcoin actually grows. This has happened in previous years with people saying it will die and go to zero.

Bitcoin was created as a form of resistance to a corrupt financial system. So when negative issues arise about Bitcoin, we should be smart in understanding them. Bitcoin isn't a get-rich-quick tool it's a tool for storing wealth or storing value. If you understand the concept of a store of value you would never say Bitcoin will go to zero.

It's one way of them pushing the price lower because they want to have it more. We have learned in the past that's what they do.

Trying to push further the price below so they can accumulate and leave people behind once it pumps a lot.

[kawetsriyanto]

As long as computerization and AI don't crack Bitcoin in a practical way, we will see a continual life in Bitcoin, as it gets cheaper, and more poor people can finally afford it. Bitcoin will continue to go up and down, up and down, as people take profits and then buy back in, later.

AI won't crack Bitcoin, I'm sure Satoshi has been aware of this matter before he created Bitcoin.
Regarding the price movement, there must be always up and down, it is normal. Even in stock market and others, this also happen. So, what's wrong with this?

The point is, where is there perceived value? Our present society is set up in such a way that we can easily use Bitcoin. But if Russia wins, or China collapses our electrical grid, or the whole Internet changes in some crazy way, Bitcoin interest might dissolve except for a few fanatical believers.

Why those countries want to collapse electrical grid and internet? It will be also harm those countries. They also have their businesses with internet. Even, China has huge number of Bitcoin. They won't easily consider to destroy it.

You can't grow food from bitcoins. And if you have to grow your own food to live (because the economy shut down grocery stores) what good is Bitcoin?

If this happens, even dollars won't be useful anymore. When we have a crisis of foods and water, people won't care on investment anymore. Gold, stock, and dollars may be useless at that time. It isn't only Bitcoin. So, be objective!!

[red4slash]

I don't think Bitcoin is going to die or become worthless, but over time, governments and big players will have more control over it.

In what case? Until now the government is only trying to minimize the movement of bitcoin not control it because it is proven that in technical matters until now the government cannot do anything to control the network, change the bitcoin protocol that has been programmed from the start or even change the existing system because until now the government has only tried to set regulations on bitcoin in their country of power such as for centralized exchanges or taxes. The rest there is nothing they can do and to me that is not control but trying to take a little advantage of what is happening right now.

No one will be able to control bitcoin at any time even for satoshi himself he will not be able to do this so no matter how strong the power the government has I think it will forever be the same where control of bitcoin will only be an exaggerated nonsense.

With their power and financial resources, they can control a large portion of the supply and manipulate prices as they wish. But yes, controlling the Bitcoin network is almost impossible.

It seem many people are mistaken in thinking that if someone holds a majority of the supply, it means they can control the entire network. This is incorrect. The Bitcoin network operates based on consensus, miners, not on the number of coins held.

Currently, the Bitcoin network is spread globally, nodes and hashrate distributed across multiple locations worldwide, rather than being concentrated in a single country. In other words, controlling it is impossible.

For price control, maybe this is still understandable because we also even see that with the fud done by some big countries like China or some important people like Trump, it has shown that with their words they can manipulate prices but keep in mind that this also only happens temporarily and not forever they can do this.

But for the network and still talking about manipulation, it is clear that it is just a foolishness because until whenever the network will not be controlled by anyone including Satoshi himself.
Back to the original topic for bitcoin to zero it seems that it is also impossible because even though the government can manipulate prices temporarily but making bitcoin zero is not something the government can do even because even before zero there must still be people who buy even if the price is at $0.1 for example.

[Abiky]

https://99bitcoins.com/bitcoin-obituaries/

This is the number of times they have said Bitcoin is going to die and guess what? You know the rest.

This story will continue to exist, one way or the other new silly cook up stories will come out of no where to condemned people from holding. Only fools will give up their Bitcoin for the market, the diamond hands will continue to hold their Bitcoin irrespective of how the message is passed.

Funny thing, this story doesn't come up during the bull run, it's always during the bear market they cook up silly stories to make people want to dump their Bitcoin and when they bought all the available supply, they turn the market upside again for another bull run, bunch of manipulation.

At some point, Bitcoin WILL die. It will be either replaced by another coin with a superior tech, or governments around the world will unanimously ban its usage. We're already seeing institutional investment firms, banks, and even governments themselves amassing a large portion of the circulating supply. Maybe the plan is to have all of the BTC in their "hands", so that no one outside of CEXs (Centralized Exchanges) will be able to buy/sell Bitcoin. Only then, governments will be able to keep Bitcoin under their grasp. Even if the core Blockchain network remains decentralized.

That said, I wouldn't count on Bitcoin going to ZERO. It's already too mainstream. Many consider it as a store of value, just like Gold. The moment it declines massively in price, whales and big entities will grab the opportunity to buy more coins at a discount. This will boost demand, effectively causing a rebound in market prices. I'd just sit back and relax. There's nothing to worry about.