..

[falllling]

It is very much possible for bitcoin to go to "$0.00", just because BTC is used in online drug sales does not mean that it will continue to be used for as such. If some better coin were to be introduced that is somehow better then bitcoin (I would personally doubt this is possible) then people would likely start to use this altcoin. In terms of what would need to happen in the market, if there are so many sellers in the bitcoin market that there are no buyers willing to buy bitcoin then the price would essentially be $0.00.

correct, bitcoin will → $0.0000x

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[mblados]

Bitcoin can go $0.0000 without any problem and can also go more than $1000 without any problem! 

[btcpokerface]

Bitcoin can go $0.0000 without any problem and can also go more than $1000 without any problem! 

Bitcoin can't go to 0$ easily, the adoption isn't huge yet but there are too many people using it.

[mraveragejoe]

How could it go to zero, the only way would be to declare bitcoins illicit in the whole world.

[AT101ET]

I don't think that OP marks the only reason. People have invested heavily in BTC and will do all they can to keep it alive. Those overnight millionaires still have a lot of BTC and would hate to see their net worth crumble either. It will never reach that. At least not in the free market.

[Coinfan]

I think I can fulfill the dream of any person willing to see Bitcoin at 0 (well, at 1 satoshi: 0.00000001).

We agree on a very low volume exchange of BTC-USD, I insert a bid order at this price (it can be big, just say how much) and you just dump all your bitcoins on it.

The best thing of all: it will be free. No commission from me for realizing your dream!!

[Ayers]

How could it go to zero, the only way would be to declare bitcoins illicit in the whole world.

even then it will be not zero his value, it's simply impossible

[crocko]

OP, the price for Hashlet of 1 MH/s it's not $15.99 anymore ! It's $19.99 

[silversmith]

If won't go under $0.001 because I would own every single bitcoin before that.

[Coinfan]

It's so easy to talk with bitcoin at 500.

If Bitcoin went under 100 usds, there would be so much panic that most people would dump them like hot potatoes without looking to the price at which they were selling.

[weather b0y4]

Coinfan, you are wrong. If you have been holding from like $600, $700, or higher, why would you even bother selling at $100? Sure some people would, but the vast majority would not even bother.


Kind of like if you had purchased 10 litecoins at $48 and then logged in to see them a couple months ago at $3.50. There really is no point in selling - your $480 has turned into $35, it can't really get much worse.

Also I will offer $100 for all circulating bitcoins right now assuming someone can amass them all if they hit $0.

[Coinfan]

As price goes down, even if the amount in USDs or CNY keeps the same, the number of bitcoins traded will go up.

That means that there will be hundreds of thousands of bitcoins bought between 450 and 200/100. Most of those buyers will dump them if certain support lines are breached (and that is a rational behavior, if they have the guts to buy again below).

And yes, many people that bought at 1200, 1000, etc., would dump like if there was no tomorrow for bitcoin at 100 and, especially, at 84, if the infamous price of the silk road crash of 2/10/2013 is breached. I'm not expecting these prices, but if we went there, we would see what is real panic. Actually, we will see it below 340-318.

And that will be easy to check, taking in account the days destroyed: https://blockchain.info/charts/bitcoin-days-destroyed
In this chart, we can see that many smart old traders sold in January, February and March. Since them, the less smart have been holding. But I can bet that if btc breaches the 440, and then the 340/318, we'll see a jump again in days destroyed.

A bear market is even worst than a zero sum game. The profit of one has necessarily to be made at the expenses of others. And fear, much more than greed, is the major redistributor of wealth on the trading markets.

Remember this thread, if you start dumping yours like crazy.

[MarketTime]

The point isn't about bitcoin going to 0. Between 0 and 500 there are a lot of prices that will ruin all miners and will affect every bitcoin merchant and investor.

Impossible for bitcoin to go $0. The cheapest it will go is 1 cent each..

[Neotox]

aren't people buying drugs and other illegal stuff with USD?
so they should ban USD also

come on man
it depends how you using it
bitcoin never promote such illegal activities

[betterangels]

no way

[Amph]

It's so easy to talk with bitcoin at 500.

If Bitcoin went under 100 usds, there would be so much panic that most people would dump them like hot potatoes without looking to the price at which they were selling.

yeah there would be so much panic, but not what panic you are talking about but PANIC BUY, price won't go under 100 ever, many will buy long before that

[Coinfan]

Still waiting for the panic buy.

Target, perhaps after a retrace to around 250/260: the horizontal support zone of 125/129. We'll see if that holds.

[tyrexs]

i think no but maybe under $100

[pattu1]

Still waiting for the panic buy.

Target, perhaps after a retrace to around 250/260: the horizontal support zone of 125/129. We'll see if that holds.

The panic buy doesn't seem to be happening.
People seem convinced that even if there is a bull run, it will be a slow move upwards

[jokerboy]

It depends, someone can give free btc to anyone or someone can sell it for 10000$ at the same time.