At what exchange rate would you call Bitcoin dead? - page 3.

btccashacc

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Quote from: User365 on April 01, 2017, 05:05:46 AM

0 of course,

but if it was like 0.5$ we could call it almost dead (i assume this was the question you had in mind) and thefor I think if it drops less than 200$, something went wrong, because all out of nothing price wouldn´t drop that far.

so basically if the price is 0.5 dollars then you have 100 bitcoins you got only 50 dollars well it's Not Dead Yet . I think before the price touched 10 dollars people would dump all of their coins or maybe buy a lot of bitcoins at that time.

Quote from: Zicadis on March 29, 2017, 10:12:04 AM

any thing below 400 dollars should be considered dead
because i remember bitcoin failing to break this barrier for some time
and am sure if prices were to go that low some mysterious altcoin might be double its value

Did you know that bitcoin's price was already 200 dollars and it still survive, many people are waiting for the lowest price to buy back once the chance is coming they would pump it, something is dead if it's value is zero, that's it.

User365

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0 of course,

but if it was like 0.5$ we could call it almost dead (i assume this was the question you had in mind) and thefor I think if it drops less than 200$, something went wrong, because all out of nothing price wouldn´t drop that far.

dihari

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Quote from: Frost on March 17, 2017, 10:44:18 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?

Even the touch $0.5 we can't say bitcoin is dead. Instead it is the best time to grow the community to invest massively by harness the lowest price of bitcoin. Maybe most people hoping this to be happen.
And for your information, bitcoin has died 126 times https://99bitcoins.com/obituary-stats

Xester

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Quote from: bitbunnny on March 29, 2017, 01:13:30 PM

I wouldn't put that this way. Bitcoin was already 200$ and under but still it wasn't dead. Bitcoin is much more complex thing then just exchange value that it has and it shouldn't be looked only that way. It can't just die because of the low price, many other factors on the Bitcoin market are important too.

It could only die when the value is below 1 cents but it will not go down that low and it is impossible. The price deflation recently has showed that eve how many people dumps their bitcoin there are hundreds or thousands of people are there to catch the dump. If this is the trend then bitcoin going down 100$ at this point is impossible then how much more is 1 cents.

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Quote from: darklus123 on March 29, 2017, 04:55:59 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.

Wandering Soul~

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Quote from: ~Bitcoin~ on March 29, 2017, 11:55:13 AM

Rather than waiting for price to dump hard and reach to near zero number, i will sell bitcoin everytime when it hit new ATH and wait for some correction so that i can buy few cheap coins.

I will only call bitcoin dead and will left using bitcoin, when it will hit $0 per bitcoin price. Wink

Its good to look at the bright side but since you are dealing with money, It would be good to consider also its negative traits . Right now, I don't see any reason on why will bitcoins price will drop like what the others said but since everything is possible, There might be a decent speculation about that in the future .

Now to answer OPs question, Although I don't understand the technical stuff about bitcoin, I can say that I am one of its supporters. Even if it reach $0 one day, I will still hold it, cause there is still a chance that it might recove r. The most likely situation to happen is many people will sell their bitcoin if it reach $500 .

Betwrong

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Quote from: Gotottack on March 29, 2017, 09:47:07 AM

Quote from: Betwrong on March 29, 2017, 09:34:05 AM

Quote from: Frost on March 17, 2017, 10:44:18 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?

At first I thought I'd sell everything if Bitcoin goes under $50 but then I realized that it wouldn't make much sense since in that case I'd have enough to buy a couple of 6 Packs Of Beer. So the answer is never. I'd better hold my coins even if they go close to zero, hoping that Bitcoin will rise again.

By that time that happened, how much bitcoins were you holding at that time? If bitcoins drop to $50 I think would not sell to, as it is not worth it anymore to sell, it would even be better to just keep it and not even move it anymore. Wait for it t appreciate again. If it doesn't then I lose $50, nothing really hard to lose.

I'm glad you are with me on this. What's the point to sell at a low price? If many people do this they make price go even lower. Isn't better to stop selling and wait until the price goes up? More and more people want to have at least $20 in BTC, I can see that happening right now on my local exchange, only less tan 10% are selling and others are buying. So if people stop selling the price will rise.

Monnt

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Quote from: audaciousbeing on March 29, 2017, 02:15:57 PM

The rate that I will really make up my mind that bitcoin is really dead is at the point when the value is zero and aside that, there is no hope of it recovering again due to various circumstances and happenings around that particular period of time aside that, I will still up the believe that I am here long-term and here to stay.

I would rather say at what fall rate I would say the bitcoin is dead, I mean that if I wake a day to find that the bitcoin has fallen to $700 and the next day it was 500$ and that goes on for a week I would say that it is dead, because what keeps people hoping whenever the price falls is that slight increase even if it was $10 it is a enough to keep the bitcoin alive.

Taki

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Quote from: JL421 on March 29, 2017, 05:55:38 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 sceptical. But I'm agree that people will buy bitcoin and use it even if the price will be 10$. Bitcoin will die only in the case of 0$.

JL421

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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

darklus123

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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

LTU_btc

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Well, it's only theorical thing that bitcoin can loose all value, it's hardly possible. I think many people would say that bitcoin is dead if it price goes below $100, it's hard to imagine bitcoin price in two digit zone. But in reality, bitcoin can die only if all miners and nodes would stop as already mentioned above.

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Quote from: audaciousbeing on March 29, 2017, 02:15:57 PM

The rate that I will really make up my mind that bitcoin is really dead is at the point when the value is zero and aside that, there is no hope of it recovering again due to various circumstances and happenings around that particular period of time aside that, I will still up the believe that I am here long-term and here to stay.

You can even guess on the coffee grounds, but I would not even think about bad forecasts. The fact is that thoughts can materialize and with poor forecasts of bitcoin prices, everything can and will happen. Although if we talk about the end, only zero will show the collapse, and so there is always hope.

audaciousbeing

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The rate that I will really make up my mind that bitcoin is really dead is at the point when the value is zero and aside that, there is no hope of it recovering again due to various circumstances and happenings around that particular period of time aside that, I will still up the believe that I am here long-term and here to stay.

bitbunnny

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I wouldn't put that this way. Bitcoin was already 200$ and under but still it wasn't dead. Bitcoin is much more complex thing then just exchange value that it has and it shouldn't be looked only that way. It can't just die because of the low price, many other factors on the Bitcoin market are important too.

Alexzap

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Bitcoin is more than money so he can't die at any rate. It's the future and who knows, maybe soon we will become citizens of the state of Bitcoin. Where no one is able to deceive officials would not be and earnings will depend not on your relationships, and in proportion to the number of hours your work.

KuromaYoichi

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I will consider bitcoin dead if it fall below $100 and dump my coin if the price hit below $500. It took years of development to reach the price now and if it fall that hard i will dump it and wait if it has chance to recover again.

~Bitcoin~

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Rather than waiting for price to dump hard and reach to near zero number, i will sell bitcoin everytime when it hit new ATH and wait for some correction so that i can buy few cheap coins.

I will only call bitcoin dead and will left using bitcoin, when it will hit $0 per bitcoin price. Wink

BrewMaster

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what OP doesn't realize is that bitcoin is not about having price and be a trading tool to make more money or even an investment. yes we are investing in it because it has a lot of potential. but the first thing that a person with a little brain sees in bitcoin is not the price but all the other things that bitcoin offers and someone who doesn't see them doesn't really understand what a decentralized crypto currency is.

as long as there are nodes running and miners mining and there are peers on the network accepting bitcoin, it will be alive and we (true users) will be using it.

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Quote from: Zicadis on March 29, 2017, 10:12:04 AM

any thing below 400 dollars should be considered dead

How wrong can you be... Even if Bitcoin falls back to $1 it can't be considered the end of Bitcoin. Bitcoin comes to an end if all nodes and miners just shut down everything. That's when Bitcoin is dead, and nothing else.

Quote from: Zicadis on March 29, 2017, 10:12:04 AM

because i remember bitcoin failing to break this barrier for some time

In every market there are certain stagnant periods where the price can't seem to move through certain levels, Bitcoin is definitely not an exception. It's all about supply and demand. At that point there was simply more supply than actual demand, and thus the market stays where it is. No big deal.

Quote from: Zicadis on March 29, 2017, 10:12:04 AM

and am sure if prices were to go that low some mysterious altcoin might be double its value

That would be a normal market reaction. People move their money to places that at that time offer a better perspective.

Topic: At what exchange rate would you call Bitcoin dead? - page 3. (Read 4428 times)