At what exchange rate would you call Bitcoin dead? - page 2.

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Quote from: JL421 on April 09, 2017, 07:14:45 AM

Quote from: Taki on March 30, 2017, 03:28:53 AM

Quote from: JL421 on March 29, 2017, 06:55:38 PM

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$. Bitcoin will die only in the case of 0$.

If it reaches 10$ i wouldn't believe my eyes at all but all i was thinking if it actually drops to 10$ can we pump it again to another 1000$.
And ya i don't think bitcoin will die at 0$ as the price was 0.001$ or something per bitcoin. SO 0$ is definitely not a stop for it.

You're saying you can pump it from 10 to 1000 without any real understanding of what that would entail. You can't manufacture the demand required for the coin to regularly trade at $1000. There's just too much demand required for someone to manufacture and sustain that level. You're seemingly saying that all you need to increase the price is will power. What's stopping you then from increasing it from 1100 to 2000? Why don't you try tomorrow and see how far you get?

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Quote from: JL421 on April 09, 2017, 07:14:45 AM

Quote from: Taki on March 30, 2017, 03:28:53 AM

Quote from: JL421 on March 29, 2017, 06:55:38 PM

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$. Bitcoin will die only in the case of 0$.

If it reaches 10$ i wouldn't believe my eyes at all but all i was thinking if it actually drops to 10$ can we pump it again to another 1000$.
And ya i don't think bitcoin will die at 0$ 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 .

JL421

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Quote from: Taki on March 30, 2017, 03:28:53 AM

Quote from: JL421 on March 29, 2017, 06:55:38 PM

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$. Bitcoin will die only in the case of 0$.

If it reaches 10$ i wouldn't believe my eyes at all but all i was thinking if it actually drops to 10$ can we pump it again to another 1000$.
And ya i don't think bitcoin will die at 0$ as the price was 0.001$ or something per bitcoin. SO 0$ is definitely not a stop for it.

rajasumi3

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If the price of bitcoins goes down below 10$ then we can practically say that bitcoin is dead .on the other hand if the price of bitcoin goes more than 100k anytime, i l be selling all my bitcoins.

DoublerHunter

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I think i can say that bitcoin is officially dead when it falls down to $20 per one bitcoin because that is very cheap price and a lot of people will surely just unloading their bags and getting out of the business with bitcoin and just immigrating to another kind of cryptocurrency that they see some future with it. But i think it will take a few decades for bitcoin to reach to that point.

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Quote from: PokerFace3 on April 08, 2017, 03:26:53 PM

Quote from: jaysabi on April 08, 2017, 03:18:55 PM

Quote from: Frost on March 17, 2017, 11:44:18 AM

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.

If a coin will not have any trading activities means it will have constant value and not zero value. Only by continuous dumping (or simply through trading activity of selling), a coin may reach zero value.

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.

I'm not talking about exchange trading, though that's part of it. I'm talking about all trading, as in trading coins for fiat, other coins, or goods and services. As long as there is any of that trading going on, the coin has value. It's only when all trading stops that a currency is dead (valueless). Any currencies that are like that are lost to history. There are currencies that are no longer in circulation or printed, but they are collected either as novelties or artifacts, and they still have value.

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Quote from: jaysabi on April 08, 2017, 03:18:55 PM

Quote from: Frost on March 17, 2017, 11:44:18 AM

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.

If a coin will not have any trading activities means it will have constant value and not zero value. Only by continuous dumping (or simply through trading activity of selling), a coin may reach zero value.

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.

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Quote from: Frost on March 17, 2017, 11:44:18 AM

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.

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If bitcoin price fall under 200 dollars i'd probably sell it, but I would buy it again at 100 dollars, couse bitcoin will never be dead , so that could be good for me

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Quote from: The_Dark_Knight on April 08, 2017, 12:52:52 PM

Quote from: X-ray on April 01, 2017, 11:37:50 PM

Quote from: The_Dark_Knight on April 01, 2017, 09:11:06 PM

Quote from: Chikito on March 29, 2017, 07:04:31 AM

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.

But that's mean if bitcoin become a zombie coin. Bitcoin is not dying nor live. Some of the coins which they haven't more development and the prices are plunged to zero satoshi.
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. Roll Eyes

If bitcoin reached that price then there is no doubt that bitcoin will be in a bad shape and we could even say its agonizing but even at that point we cannot say bitcoin is dead, a currency only dies until its value reaches 0.

Yeah only a 0 value currency can be considered as a dead coin. Bitcoin might be in a bad shape but then some other coin might rise and exchange places with bitcoin. But the percentage for that to happen is mere 50/50 since bitcoin withstand already a lot of bad news on it yet it is still standing.

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Quote from: X-ray on April 01, 2017, 11:37:50 PM

Quote from: The_Dark_Knight on April 01, 2017, 09:11:06 PM

Quote from: Chikito on March 29, 2017, 07:04:31 AM

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.

But that's mean if bitcoin become a zombie coin. Bitcoin is not dying nor live. Some of the coins which they haven't more development and the prices are plunged to zero satoshi.
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. Roll Eyes

If bitcoin reached that price then there is no doubt that bitcoin will be in a bad shape and we could even say its agonizing but even at that point we cannot say bitcoin is dead, a currency only dies until its value reaches 0.

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Quote from: The_Dark_Knight on April 01, 2017, 09:11:06 PM

Quote from: Chikito on March 29, 2017, 07:04:31 AM

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.

But that's mean if bitcoin become a zombie coin. Bitcoin is not dying nor live. Some of the coins which they haven't more development and the prices are plunged to zero satoshi.
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. Roll Eyes

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Quote from: Creepings on April 01, 2017, 09:39:36 PM

Quote from: The_Dark_Knight on April 01, 2017, 09:11:06 PM

Quote from: Chikito on March 29, 2017, 07:04:31 AM

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.

Yes, bitcoin will be more popular with a price $1 because with it, everyone can buy bitcoin and use it as a cofee money, though the problems are the transaction fees and the confirmations which are really really long. Still many investors will be really attracted to bitcoin and eventually with that, the bitcoin price will be really increasing bit by bit.

Same as the past from which bitcoin grew from the scratch to reach $1300+ which shows the growth of bitcoin. The chart clearly portrays the valueless becoming more and more valuable in a short time period of around 8years with the technology. So I don't think it falls any way down or die making way for other coins to grow defeating it.

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Quote from: The_Dark_Knight on April 01, 2017, 09:11:06 PM

Quote from: Chikito on March 29, 2017, 07:04:31 AM

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.

Yes, bitcoin will be more popular with a price $1 because with it, everyone can buy bitcoin and use it as a cofee money, though the problems are the transaction fees and the confirmations which are really really long. Still many investors will be really attracted to bitcoin and eventually with that, the bitcoin price will be really increasing bit by bit.

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Quote from: Chikito on March 29, 2017, 07:04:31 AM

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.

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Quote from: gabmen on March 29, 2017, 10:14:21 AM

Quote from: Chikito on March 29, 2017, 07:04:31 AM

I don't think so. Coming from the current price, i think if bitcoin drops to that low that going to be it. Another currency may take over as the top crypto like etherium. But i don't think its possible now that btc would drop to that amount. I think there's now nowhere to go but up for btc

The dead in total? , No users, no continuity and it has a price of 0.00 $. but when price bitcoin died, I believe prices have the price of 1 $, there must be a new development of bitcoin if a problem occurs.

Quote from: Creepings on March 29, 2017, 10:19:53 AM

Quote from: Chikito on March 29, 2017, 07:04:31 AM

It will die in a price where there are no price after all, that is why it is dead, no one is using it and neither planning of using it. Still, I dont think that bitcoin will die, we have a lot of problems this month concerning this forking, yes, the bitcoin price dumped but just after weeks it is regaining again it's current price.

Many users trust bitcoin, and they really love it, we just need to trust bitcoin, let the people with brains and money debate about the major problems, I am just a user, and I can't help them, so I will just sit here and wait for a good news.

yes i agree with your explanation, there are still many people using bitcoin, and keterlanjutan of rounds USD dibitcoin still long. but when the world cryptoccurency ends, have a very privileges debate. what the price of bitcoin when it dies? I believe that the price of bitcoin when death has a price of $ 1, or when all the dead (Judgment, the world ends) bitcoin prices above $ 100000. It sees the world of insurance, finance and investment insurance coverage, bitcoin create some financial protection and investment insurance of some devlopher. most likely when bitcoin dead, has a price of 1 $.

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Quote from: Kevin77 on April 01, 2017, 08:26:09 AM

Quote from: Zenithar on March 31, 2017, 04:15:18 PM

Quote from: darklus123 on March 29, 2017, 05:55:59 PM

In my opinion. As long has bitcoin has value amd users then it shall still be considered as alive. Yet of course obviously if it has no value then it is already dead

bitcoin users are continuously increasing and not decreasing. i hope that very soon the users of bitcoin will in every house of the world. and hope that bitcoin will remain as a live for ever and is not going to dead at any case. because the popularity of bitcoin is continuously increasing.

I agree, the fact the we are seeing the bitcoin’s price change every day and the more people are coming in to the market and that brings a lot of investments and a lot of new business that accept bitcoin and I think that is the way that bitcoin is going to survive and develop, and I know the fact that bitcoin is not a thing that everyone uses but it is good for some of them.

But when the price is drastically falling then it is a signal of great weakness or even much worst a news about Banning Bitcoin worldwide. Big price drop greater than half would signify a bad news that happened with the normal operation of Bitcoin. A price drop that has no chance of recovery is possible when the government takes action about it.

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Quote from: Zenithar on March 31, 2017, 04:15:18 PM

Quote from: darklus123 on March 29, 2017, 05:55:59 PM

In my opinion. As long has bitcoin has value amd users then it shall still be considered as alive. Yet of course obviously if it has no value then it is already dead

bitcoin users are continuously increasing and not decreasing. i hope that very soon the users of bitcoin will in every house of the world. and hope that bitcoin will remain as a live for ever and is not going to dead at any case. because the popularity of bitcoin is continuously increasing.

I agree, the fact the we are seeing the bitcoin’s price change every day and the more people are coming in to the market and that brings a lot of investments and a lot of new business that accept bitcoin and I think that is the way that bitcoin is going to survive and develop, and I know the fact that bitcoin is not a thing that everyone uses but it is good for some of them.

I am very much sure bitcoin will be living with someone else even government make any stands on it. Because we cannot expect everyone will stop using it. The potential of bitcoin will always ensure that bitcoin will never have any end.

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Quote from: aesma on April 01, 2017, 06:34:45 AM

Keep in mind that to dump coins, you need someone on the other side of that trade to buy them.

Bitcoin will be dead when you no longer find anybody to buy your coins.

Yeah and with the number of btc users today which actually is still growing, I don't think we'll reach a point where the price would be so low to consider btc dead. It probably with just play around the price it has today and I think it won't go down below 800$ anymore.

aesma

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Keep in mind that to dump coins, you need someone on the other side of that trade to buy them.

Bitcoin will be dead when you no longer find anybody to buy your coins.

Topic: At what exchange rate would you call Bitcoin dead? - page 2. (Read 4425 times)