Nobody will ever use it if it has no value at all. The price started at about 0.07$ until many people used bitcoin and its reputation grows and now here we are, way too far from 0.07$. 
Topic: At what exchange rate would you call Bitcoin dead? (Read 4425 times)
At 0.00$ Nobody will ever use it if it has no value at all. The price started at about 0.07$ until many people used bitcoin and its reputation grows and now here we are, way too far from 0.07$.
Nobody will ever use it if it has no value at all. The price started at about 0.07$ until many people used bitcoin and its reputation grows and now here we are, way too far from 0.07$.
Bitcoin is dead if it exchanges with zero value. Its like investing or buying nothing.
there is no "magic number" as you've mentioned. If there was people would just buy up to that number and sell everything shortly after
that's the beauty of this technology, the potential is only limited to the people adopting it and theoretically everyone could be using BTC
Will that be the future, no - is it nice to think of? It sure is
that's the beauty of this technology, the potential is only limited to the people adopting it and theoretically everyone could be using BTC
Will that be the future, no - is it nice to think of? It sure is
legendary
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I don't think bitcoin will be dead or drop the price in the 500$ or below because many users and member are supporting bitcoin and many people now are having a knowledge about bitcoin so the only way for bitcoin is to go up so I don't that will happen for me that is impossible.
Not literally dead for bitcoin but a disaster for those miners who counting on earning from mining. They'll need to fulfil the expenses of maintaining their mining rigs, electricity, and so on. Back then before halving, $500 rate of bitcoin is enough for those miners and get a decent profit but for now, after halving, it's not enough.Even honestly I think that the price of bitcoin going down to 500$ is kinda hard thing to be happened if there's not a really bad news regarding bitcoin occur.
Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?
The rate that I will actually dump bitcoin is on $0.00 if the price reached this amount then I will personally have the regret that bitcoin isn't worth it. But of course to think about this on a positive thought before dumping the price should go up higher than it's current price then that will make me dump almost all of my coins.
The price may drop yes but it won’t be long time that it will rise again, the point is as long as people keep using bitcoin and believe in it as long as the bitcoin lives even if it reaches $0.5.
I don't think bitcoin will be dead or drop the price in the 500$ or below because many users and member are supporting bitcoin and many people now are having a knowledge about bitcoin so the only way for bitcoin is to go up so I don't that will happen for me that is impossible.
$0.00, actually not that magical.
this is the real deal haha. I'm thinking the same too . if the price of bitcoin is $0.00 there's no reason to stay for because thats the price where bitcoin will die. if it's 0.00 will you buy bitcoin ? since its free theres no way that the price will grow again because once again its free and there's no reason for bitcoin to raise the price because many people will gonna have many bitcoin as they want. 
Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?
Two different things. The rate at which you dump and the rate at which you think bitcoin is dead should probably not be the same. It would seem that a value of 0 would make bitcoin "dead." However, can it ever reach zero? Doge constantly depreciates, it's worth far less than a penny per coin. It's not "dead" and I don't know that it would ever reach zero either. A coin doesn't reach zero until there is no longer trading activity.
Hopefully bitcoin will remain as an attractive trading option for traders until it will get all 21 million units mined out. So, I guess bitcoin will not have stable prices for next ~140 years hence some trading activity is highly possible and that will be on buying way as people want to use bitcoins as store of value.
The problem is that bitcoin needs an infrastructure. It needs miners, it needs online wallets, it needs people engaged in it.
If it crashes terminally, then all that will be gone.
Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?
When the price of bitcoin reach $10 per coins, i would call bitcoin dead even the price at $100. The bitcoin's price dropped to $100 is not a joke, something big must be happened on that day. When it happened, i'm sure all cryptocurrenies will be affected.
I'm not sure what would happen if bitcoin drop on 100 dollars per coin, would people start to buy like crazy or that would be just last stop before going on zero.
There is no magic number, I agree with some members with that, if we get to the zero that would be the end of bitcoin currency, at 100 dollars it would be hard to decide what to do, to buy or just stand buy and watch it how it sink. I think this scenario will not happen, people are coming and spending more time here and generally we are more involved then ever.
Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?
When the price of bitcoin reach $10 per coins, i would call bitcoin dead even the price at $100. The bitcoin's price dropped to $100 is not a joke, something big must be happened on that day. When it happened, i'm sure all cryptocurrenies will be affected.
I think bitcoin would dead if no one will used it anymore, no one will use it day by day transactions. I cant predict its rate but as far we have observe now bitcoin is growing daily and more attracts into bitcoin. Still it will alive for more years.
if Bitcoin die, bitcoin will have a price of $ 1, many people will continue to use bitcoin, although prices are still falling. developher patent bitcoin prices in the price of 1 $, using bitcoin looks still more than gambling and traders.
Even that price will not enough to say bitcoin died, that would mean that bitcoin lost a lot of its attractive to investors but some people will still use for some transactions.I think if there will no demand and bitcoin will die. The fact if bitcoin still stay alive right now. it's hard to say it will never die.
But looks like it will be a magic if the price of bitcoin can be turned to the zero decimal.
There's also the opposite end of the spectrum where the value of bitcoin is foreseen to reach $1000000 in 20 years... Bitcoin would be going towards dead if it starts to be not trusted anymore by the world, but the true death of it would be when it's worth negligible amounts like less than $0.50 per bitcoin where it will eventually reach $0.00, replaced by some better altcoin or just fiat currency.
Some better currency like a newfound memecoin?
dogecoin?
Some better currency like a newfound memecoin?
dogecoin?
Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?
Definitely. If bitcoin drops to $1 then obviously there isn't really a point for anyone to use it anymore because there would be only a maximum of $21 million coins in existence, and that is definitely not going to facilitate all the transactions that happen around the world on a daily basis.
If this ever happens, bitcoin would have definitely been destroyed by an altcoin that emerged as a better alternative.
But I don't think it'll ever happen considering that most altcoins are not directly competitive to bitcoin but rather to complement bitcoin to provide a better service overall. And they acknowledge that without bitcoin, there won't be altcoins.
So I think it is safe to say that for now, we don't need to worry about that happening.
people call bitcoin dead whenever they want to buy more coins, sometimes it even works on some idiots who fall for it and panic sell their precious bitcoins. so as far as price is concerned that is not going to happen.
but bitcoin being dead has nothing to do with its price. it is only dead if nobody is using it any longer. and as far as there are nodes out there, even a couple of them, and there are people who mine the transactions, bitcoin will stay alive.
but bitcoin being dead has nothing to do with its price. it is only dead if nobody is using it any longer. and as far as there are nodes out there, even a couple of them, and there are people who mine the transactions, bitcoin will stay alive.
Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?
I do not believe bitcoin dead, I thought it was just the news that is uncertain about the actual situation.
I do not know the magic number.
Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?
Nope.
Even if bitcoin is at $0 per coin it is technically still alive, because if anyone uses it it is alive.
Just look at some inactive altcoins, you see ones that gets revived every day on this forum from the same project because the admin abondened the original project or something similar happened.
Same applies to bitcoin, as long as there is someone using it, it should be alive.
And if nobody uses it, the code can still be used in the future to revive it.
Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?
$0 I don't have a lot of bitcoin in my wallet though, $0 cause I think it still has the probability to go in higher price after falling over $1000, even if it doesn't guarantee any it is worth the risk, after falling then buying means big profit its a law of investment.
I think for me, bitcoin can be dead if it would be lower 100$. This would definetly be dead and if no one will use bitcoin anymore. Also, if no one will mine bitcoin and its not considered used as digital currency. These are the things I can say bitcoin will be dead.
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I don't think we are actually going to here that bitcoin is dead for the next 20 years for sure. But even if something like this occur we can't call it dead because if the price reaches 10$ people will of course pump it and it can become normal again. For me if the price drops till 800$ i will sell all my coins and wait until all the dump is over. If the price never pumps again mostly i won't invest again
It's hard to predict when bitcoin will die exactly, and your "20 years" I accept very skeptical. But I'm agree that people will buy bitcoin and use it even if the price will be 10$. Bitcoin will die only in the case of 0$.And ya i don't think bitcoin will die at 0$ as the price was 0.001$ or something per bitcoin. SO 0$ is definitely not a stop for it.
Yes it can but it will take another few years again to reach $1000 . No price can determine if bitcoin is dead . Only its community will be able to . If there are no users and people maintaining it you can call it as dead .
If it ever reached $800 why would you sell all your bitcoins? You should have left a small portion of it cause if it reached that kind of amount it can definitely surpass it .
i think bitcoin price is not going to drop to $10 but if to drop until $9xx, i would say that is possible because now there will be many people that have much of bitcoin and i am sure that they can do this. the other thing that makes bitcoin dead is if there are no one that using bitcoin for send or receive, people is leaving of bitcoin and moving into other opportunity that maybe can give bigger profit than bitcoin but i guess there are not yet investment that will have a good future than bitcoin itself.
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