Going to zero is often an argument used by concern trolls on forums and hit-pieces written by clueless "journalists".
While you can argue that any asset has a probability of "going to zero" (even if it is inifinitely small, therefore highly improbable), the more objective view is the sunk costs that the Bitcoin network already represents. You are talking about Billions that have been invested in the form of hardware, time, capital and businesses that thrive in the Bitcoin ecosystem.
You might as well bet on the likelyhood of an entire country disbanding and going bankrupt. There are too many people around the globe with a vested interest in making things function. The "floor" here is the combined will and effort of every participant. That kind of human capital isn't going away, in fact, its growing larger as we speak.
Topic: [2017-08-25] Bitcoin Cannot Go To Zero (Read 3179 times)
The most important factor which ensures that bitcoin can never drop to zero is 'trust of people'. Bitcoin has shown an inevitable tendency to recover the downfall caused by FUD within short period with new ATHs.
This is the trust of people on bitcoin due to its technologies which attracting more and more people towards it everyday.
This is the trust of people on bitcoin due to its technologies which attracting more and more people towards it everyday.
There is no doubt that Bitcoin fluctuates wildly, which is likely to scare off many conservative investors.
However, several factors seem to indicate that Bitcoin might enjoy a floor; that is, Bitcoin is unlikely to go "bankrupt" or fall to zero.
You can simultaneously view Bitcoin as a technology and medium of exchange which allows for thinking beyond speculation and perhaps a robust technology investment.
The S-Curve of technology adoption provides some sense of Bitcoin's potential in the U.S. and beyond.
Bitcoin's safety and value might counterintuitively be realized with respect to fiat currency; Venezuela is used as a case study.
I am a relatively conservative and risk averse investor. As I look at the rise of Bitcoin, I often find myself thinking about one thing: risk. I am willing to speculate in some cases, and I also am willing to invest to learn more about an opportunity. I have come to feel that Bitcoin is far less speculative and more conservative than most people think.
Full article on Seeking Alpha
However, several factors seem to indicate that Bitcoin might enjoy a floor; that is, Bitcoin is unlikely to go "bankrupt" or fall to zero.
You can simultaneously view Bitcoin as a technology and medium of exchange which allows for thinking beyond speculation and perhaps a robust technology investment.
The S-Curve of technology adoption provides some sense of Bitcoin's potential in the U.S. and beyond.
Bitcoin's safety and value might counterintuitively be realized with respect to fiat currency; Venezuela is used as a case study.
I am a relatively conservative and risk averse investor. As I look at the rise of Bitcoin, I often find myself thinking about one thing: risk. I am willing to speculate in some cases, and I also am willing to invest to learn more about an opportunity. I have come to feel that Bitcoin is far less speculative and more conservative than most people think.
Full article on Seeking Alpha
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