Topic: .. (Read 4149 times)

For sure I'll place a huge buy order. Already allocated funds on standby. And people who bought right now at 220 have no reason to panic sell when it goes to 100. What do they have to lose anyway if continue to hold on to it

Realistically it can go to zero if it becomes impossible to do transactions. And that becomes plausible if mining difficulty can not adjust after an avalanche effect of miner dropout.
It has been demonstrated with Namecoin.

only to BTC reach 0 is if for some reason send and receive bitcoins turns out to be impossible.

Like BTC price was 0 in Bitstamp for few days

It's possible that it goes to 0 and it's possible that you end up owning the entire Bitcoin supply, but realistically it isn't possible. It would mean there are 0 people in the world willing to buy your coins, then the price would be 0.

It is definitely possible, but highly unlikely if you ask me! There'll always be people willing to pay a very small amount of money on the off chance that something will be worth more at some point in the future, may it just be a hardcore Bitcoin enthusiast. But if certain one-way mathematical functions go bust, we may see prices very close to $0 still!

If bitcoin went to zero I would buy an     amount of coins.

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

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

i think no but maybe under $100

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.

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

no way

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

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

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.

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.

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.

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

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

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