Topic: At what exchange rate would you call Bitcoin dead? - page 5. (Read 4428 times)
When it will be distributed free to everyone then i would consider it more strong..actually bitcoin can never be dead now as it is the basis of how P2P payment works.
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 don't have this special exchange rate that I'll dump all my coins. Instead I'll simply sell some of my coins when the price is already $1,500 - $2,000.
Right now well things are becoming crazy because of issues with this rogercoin. But telling that bitcoin will be drop dead very soon or will be dump at a certain amount.
I don't have that.
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?
There is no specific rate that could kill bitcoin. The only thing that can kill bitcoin is when people lost their trust to it and if that happens people will begin to shift to other cryptocurrency and bitcoins value will turn to zero. In that time another alttcoin will replace bitcoin and bitcoin will become useless. But its far from happening since the community wont allow it to happen.
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.
Currently the bitcoin is dead alike. it has gone devalued from $1230 to $1000
If bitcoin still had some value I will not dump it, since there could always be a chance for recovery and it will not be dead but the market cap will become way lower, the only moment when bitcoin can be called to be dead is if the value per bitcoin reaches zero.
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?
Actually its not price but utility is what Bitcoin death depends upon. Maybe possibility that Blockchain got hacked, or some miss happening in Bitcoin ecosystem. Such disasters can lead to Bitcoin end. Price is not always the key to determine success or failure.
$0.00, actually not that magical.
to reach zero it mean that was already dead before, i can call it dead when miners can no longer take any profit from bitcoin, that is dead already to me, i think under $100 the miners don't have any profit anymore and you are sure that bitcoin is doomed to fail, but i always keep wonder why bitcoin should die? there is no real reaosn when you have so many altcoin from the past that are still alive, like litecoin first case in my mind, this make me think that bitcoin will not die
People would still mine it, I don't think they'd stop just because of a big price decrease. In 2015 the price reached ~$250 if I remember correctly, and people were still mining it, and the reason is that they are just sure the price will go high once again and they will make profit off the increase. Mining has always been profitable, unless they exchanged BTC for Fiat immediately after they mined. Bitcoin will never be dead unless nobody will be interested in it ever again. The harder it is to be mined, the higher the price goes up to.
you can have a point on this man, but think about the fact that miners now have more electricity cost than what they had in 2015, and for them mining now at the old rate of bitcoin like $250 or lower, would mean no profit, you can't compare with the past, the difficulty is very high now, the value must remain at a higher level if miners want profit
Anything below $500, I'd probably stay away from it. It'll take years for it to go back up to the current price, assuming people are even still interested in it. If for some weird reason it drops to, say $100, I might think of buying some. If I have some coins left when this happen, it's already probably too late to have them cashed-out so might as well keep some bitcoins as souvenir of sorts. I mean, well never know, it could probably pick up again.
As for ceiling, it probably get nervous if it ever hits $10,000. Maybe I'd sell. Problem is, everyone might also sell so the last one to sell loses.
As for ceiling, it probably get nervous if it ever hits $10,000. Maybe I'd sell. Problem is, everyone might also sell so the last one to sell loses.
I'd call it dead if it's below zero and stays there for several months or even a year.
Though, I'd still keep some just in case.
(But I'd probably have sold and bought multiple times before it reache zero.)
I doubt that's gonna happen, as for it to even go down to $200 is way too unlikely. If it does, it'd be
gobbled up by the whales and then held for a long long time.
Such a downfall won't happen in the short or even in the future. The reason is that bitcoin as an innovation already got the highest acceptance than many other digital currency that came into use and got destroyed in a short. Bitcoin serves as the base for all other digital currency growth. Now too the situation is not worse, it has got the best development team who in a short will make everything in a stabilized manner. Though, I'd still keep some just in case.
(But I'd probably have sold and bought multiple times before it reache zero.)I doubt that's gonna happen, as for it to even go down to $200 is way too unlikely. If it does, it'd be
gobbled up by the whales and then held for a long long time.
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.
I understood your point that bitcoin doesn't have to reach at $0 before declaring as a dead coin. But those alt coins that are supposed to be dead and being chosen by other traders to keep alive are simply dead and it's value are totally lower than the usual amount of bitcoin which is centavo of dollar. Maybe when the price of bitcoin will fall lower, there are people that will do the same with bitcoin.
I'd call it dead if it's below zero and stays there for several months or even a year.
Though, I'd still keep some just in case. (But I'd probably have sold and bought multiple times before it reache zero.)
I doubt that's gonna happen, as for it to even go down to $200 is way too unlikely. If it does, it'd be
gobbled up by the whales and then held for a long long time.
Though, I'd still keep some just in case.
(But I'd probably have sold and bought multiple times before it reache zero.)I doubt that's gonna happen, as for it to even go down to $200 is way too unlikely. If it does, it'd be
gobbled up by the whales and then held for a long long time.
zero dollar i will totally dump all my coins
but i think imposible bitcoin die, is die another altcoin ethereum, DASH, ripple, litecoin or monero can replace
bitcoin can die if all people not use bitcoin again, or transaction big problem unconfirmation transaction until reach million transaction every minute, nodes or bitcoin server die, maybe bitcoin can die
but i think imposible bitcoin die, is die another altcoin ethereum, DASH, ripple, litecoin or monero can replace
bitcoin can die if all people not use bitcoin again, or transaction big problem unconfirmation transaction until reach million transaction every minute, nodes or bitcoin server die, maybe bitcoin can die
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 will dump my bitcoin if the hardfork of bitcoin is on the way. I think below $800 and i will retire from use bitcoin. I'll be back if the price of bitcoin is under $300 and i will move into the another coin. $700 is my magic number dude. I don't want if the price of bitcoin always go to the bottom.
0.00
For me personally, I don't think there is a price I would call bitcoin dead and sell all my coins. Again, for me personally, I have already realized profits. If bitcoin price went to $0.00 and I didn't sell any of what i currently have, I would have still come out ahead. I figure if that scenario were to happen, I might as well just hodl on to what I have - maybe even buy more - and just let them go into hibernation for however long. Maybe bitcoin stays dead and if so, oh well. But if it happens to resurrect itself somehow, some way... well then cool.
It will depend on how it will affect me, bitcoin supports me financially, but not totally. I think I will leave bitcoin if it is not giving me money to support me or I need.
I think that Bitcoin has gotten to a point that demand would never die off to a point that it can be considered dead under a certain price point. The whole economy surrounding it has certainly adapted to price ups and downs so it's unlikely that Bitcoin would die after reaching a certain price.
I don't have a specific exchange rate that I would consider Bitcoin as dead, I know it will not happen for now. The price is going down but that it is how it fluctuates, what ever be the value as long as there are users who are using it I will not dump my coins because I know it will rise again.
I really don’t want that day to come to our life ever because I will face a huge loss and a long term plan of mine will shatter big time. However, I feel, if bitcoin goes down to $20, I would call it dead. Because, my savings will have no meaning at that price tag.
But again, if bitcoin start going down to $400 level, people will start panic selling which will increase the bitcoin supply in the market and further bring down the price. It will be a bad situation. If bitcoin dies, the crypto currency market will be in shambles for sure.
For the $400 to happen we'd need $900 first and I'm sure many people are waiting for the price to go back below $1000 to start buying. Normally the price always tests the bottom after going up. There's no infinite rise in any stock and the lower it goes the bigger the buying pressure gets. While only a couple percent of investors would be willing to buy Bitcoin at $1200 their number would at least triple at 1000 and so on. Probably each of us in this thread would be willing to buy at $500, which makes this price practically unachievable. But again, if bitcoin start going down to $400 level, people will start panic selling which will increase the bitcoin supply in the market and further bring down the price. It will be a bad situation. If bitcoin dies, the crypto currency market will be in shambles for sure.
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