Topic: At what exchange rate would you call Bitcoin dead? - page 6. (Read 4425 times)
I think if the price drop lower than 100$ it will mean bitcoin is seriously damage, and it show that there are not a lot people interested anymore and trying abandon bitcoin, at that point maybe I will start to dumped my coin and find alternatives
$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.
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.
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 just cant ever see bitcoin being dead, it will never be worth $0. lets face it the Tech is amazing it can help us do so much, but the politics is what is the problem. There will always be some using it and i will be one of them. but in answer to your question i would prob dump all my btc at $400 and buy back in later, but i think the dream of bitcoin in the thousands would be over.
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.
but the politics is what is the problem.
That's more than enough to kill it. The main problem with any crypto is the human factor but they're rather difficult to get rid of.
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 just cant ever see bitcoin being dead, it will never be worth $0. lets face it the Tech is amazing it can help us do so much, but the politics is what is the problem. There will always be some using it and i will be one of them. but in answer to your question i would prob dump all my btc at $400 and buy back in later, but i think the dream of bitcoin in the thousands would be over.
$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
$0.00, actually not that magical.
Yeah that is the price of Bitcoin that will make it worthless anything below that as well. Other than that even if it is price at 1 cent per coin still has hope for recovery honestly with Bitcoin not being controlled by the government but by people who lust for wealth can make it possible to make it go down to that level of course let us not hope for the worst to come. 
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.
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.
Well I would never actually call it dead until it was literally worth $0 (unless fiat currencies collapsed altogether and the two were incomparable, which is extremely unlikely). If it was under about $150, I would sell it and leave, but I think that the word "dead" is used too commonly and it takes away any genuine meaning for when things are dead.
I'd be tempted to sell if the price dropped below 10 dollars and stayed that way for more than a few months.
On the other hand, I'd probably sell everything if the price goes above 10k.
On the other hand, I'd probably sell everything if the price goes above 10k.
$0.00, actually not that magical.
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?
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