Bitcoin price fall to Zero? Possible or not?

milewilda

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Quote from: onecall123 on April 20, 2021, 09:16:50 AM

Quote from: Ludmilla_rose1995 on April 19, 2021, 02:57:12 AM

an unreasonable voting. From $ 50k down to $ 5k? it will not happen, in my opinion, if bitcoin today drops to 30K, many will buy it, even large institutions and companies will also buy more, so the price will pump back up.

Entirely baseless review, OP may trigger late 2018 history! Market is dipping right now, it could go down further but there lot of buying pressure will happens in the 53k~54k range. Sure bitcoin is good and secure investment. Anytime is good to buy BTC nowadays.

People should at least have those kind of analysis before telling that bitcoin could go back to zero because if we do look at into those sentiments then its really impossible that
we would really be heading back into those points and they are just basically making themselves look a clown on telling that bitcoin could go to zero anytime there's some
percentage drop on a single day without even realizing that these are just common movements and they do easily freak out in these times.
Same goes to those people who had been keep talking about Bitcoin would go to $1M/per coin which is totally absurd.

Marvelman

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Quote from: onecall123 on April 20, 2021, 09:16:50 AM

Quote from: Ludmilla_rose1995 on April 19, 2021, 02:57:12 AM

an unreasonable voting. From $ 50k down to $ 5k? it will not happen, in my opinion, if bitcoin today drops to 30K, many will buy it, even large institutions and companies will also buy more, so the price will pump back up.

Entirely baseless review, OP may trigger late 2018 history! Market is dipping right now, it could go down further but there lot of buying pressure will happens in the 53k~54k range. Sure bitcoin is good and secure investment. Anytime is good to buy BTC nowadays.

Given the recent rally, I think investors are right to be cautious about the intermediate trend. I believe bitcoin might retest the $ 50k range before the new rally starts. At the moment, $ 50k is looking really good, with buyers eagerly awaiting in that price range.

onecall123

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Quote from: Ludmilla_rose1995 on April 19, 2021, 02:57:12 AM

an unreasonable voting. From $ 50k down to $ 5k? it will not happen, in my opinion, if bitcoin today drops to 30K, many will buy it, even large institutions and companies will also buy more, so the price will pump back up.

Entirely baseless review, OP may trigger late 2018 history! Market is dipping right now, it could go down further but there lot of buying pressure will happens in the 53k~54k range. Sure bitcoin is good and secure investment. Anytime is good to buy BTC nowadays.

decodx

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Quote from: doomloop on April 20, 2021, 08:50:56 AM

Quote from: Ludmilla_rose1995 on April 19, 2021, 02:57:12 AM

an unreasonable voting. From $ 50k down to $ 5k? it will not happen, in my opinion, if bitcoin today drops to 30K, many will buy it, even large institutions and companies will also buy more, so the price will pump back up.

I believe same thing will happen even bitcoin prices slipping down just below $50k levels then how it will be possible for $30k as per you and anything below to that as per OP? I am saying this because lots of institutional funds are waiting for grab bitcoins at possible lower levels and they may get into FOMO at any time soon; hence expecting prices toward $80k to $110k levels is more sensible as of now.

I'd definitely like to fill the bags at $30k for a coin. Grin

And now, seriously, I don't think anyone can count how many times a topic like this has been started in the past. Probably since the time when bitcoin was worth less than $10. They all had one thing in common: they never came true, but bitcoin kept growing.

doomloop

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Quote from: Ludmilla_rose1995 on April 19, 2021, 02:57:12 AM

an unreasonable voting. From $ 50k down to $ 5k? it will not happen, in my opinion, if bitcoin today drops to 30K, many will buy it, even large institutions and companies will also buy more, so the price will pump back up.

I believe same thing will happen even bitcoin prices slipping down just below $50k levels then how it will be possible for $30k as per you and anything below to that as per OP? I am saying this because lots of institutional funds are waiting for grab bitcoins at possible lower levels and they may get into FOMO at any time soon; hence expecting prices toward $80k to $110k levels is more sensible as of now.

rhodelmabanal

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Quote from: btc_angela on April 19, 2021, 05:32:27 AM

Quote from: BITCOIN4X on April 14, 2021, 03:24:29 PM

Currency failure have happened before and I can't convince those who use bitcoin to think that bitcoin will never fail in the future. But I'm pretty sure the innovation in bitcoin can help it continue to thrive and last and be used for longer than currently thought.

I'm not really sure what innovation in bitcoin that will help it to strive. 21 m supply is already etch in stone.

Quote from: BITCOIN4X on April 14, 2021, 03:24:29 PM

I think it's a bit strange to think that bitcoin will no longer be valuable in the future if we still have a lot of users and adopter. The short answer is probably no, but if something happen technically that will make all users sell their bitcoin, then it won't bring the price down to zero. Bitcoin will become a valuable crypto asset regardless of the price buyer and seller desire.

It will be more valuable in the future, again the design itself makes this one of the best assets as the price will continue to climb because of its scarcity. So I doubt that it reach zero value in the future. Probably in the next 12 years we could have a hint how much value it will have or how people or government are going to treat bitcoin.

I will agree that bitcoin will not fall into zero value if we are going to look at the price of the bitcoin today we can really see that falling into zero value is really imposible, the price of bitcoin today is really amazing it is maybe because many people already believe on it and buy it for good and I believe that the numbers of buyer will increase in the near future, so meaning bitcoin will not going to fall into zero value it is more posible to rise than to fall.

Hughes_Ryan

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Quote from: Rruchi man on April 08, 2021, 12:51:42 PM

Here are some scenerios that can cause the price of btc to fall drastically. (In my opinion, it is highly unlikely and the possibility very slim).
(1) No way to trade bitcoin or exchange it for goods and services.
(2) All governments of the world placing a ban on bitcoin and bitcoin related activities making it highly illegal.
(3) The entire bitcoin network and nodes going offline making it impossible to even make underground transactions in bitcoin.
(4) Another crypto overtaking bitcoin and value and more people shifting investment to this new crypto.

source

Items [2] and [3] are practical sounding reasons, but [1] and [4] are completely meaningless. Even when the organizers called for the referee to blow the whistle to the whole thing to stop bitcoin, it still cannot go beyond the limits of decentralization. People are not slaves, when there is no more democratic freedom, it means the world is in darkness as well. bitcoin will still be worth a specified amount. it still fluctuates!

btc_angela

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Quote from: BITCOIN4X on April 14, 2021, 03:24:29 PM

Currency failure have happened before and I can't convince those who use bitcoin to think that bitcoin will never fail in the future. But I'm pretty sure the innovation in bitcoin can help it continue to thrive and last and be used for longer than currently thought.

I'm not really sure what innovation in bitcoin that will help it to strive. 21 m supply is already etch in stone.

Quote from: BITCOIN4X on April 14, 2021, 03:24:29 PM

I think it's a bit strange to think that bitcoin will no longer be valuable in the future if we still have a lot of users and adopter. The short answer is probably no, but if something happen technically that will make all users sell their bitcoin, then it won't bring the price down to zero. Bitcoin will become a valuable crypto asset regardless of the price buyer and seller desire.

It will be more valuable in the future, again the design itself makes this one of the best assets as the price will continue to climb because of its scarcity. So I doubt that it reach zero value in the future. Probably in the next 12 years we could have a hint how much value it will have or how people or government are going to treat bitcoin.

Ludmilla_rose1995

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an unreasonable voting. From $ 50k down to $ 5k? it will not happen, in my opinion, if bitcoin today drops to 30K, many will buy it, even large institutions and companies will also buy more, so the price will pump back up.

ancafe

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For now, no matter what survey you do, I think the price of bitcoin will still have a price now, even I think that the price will continue to grow. however, when the price drops, people will stock up on bitcoin again, hoping that the price will go up. thinking of the price being zero, I don't think it will happen even in the future.

dunfida

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Quote from: Streets 2.0 on April 14, 2021, 02:51:17 PM

Even in the darkest times, when everything collapsed a few years ago, the price did not fall below $ 1,000. And I'm pretty sure it won't go down. If you search the Internet, you can find thousands of opposing opinions - someone says that very soon everything will fall to the indicators of 2017 and backs it up with some kind of arguments, others talk about 100 thousand and even 300 thousand dollars by the end of this year ... Choose what you like best! ; D

With this speculative market then you can really expect with these kind of calls where you can really see different sentiments towards the market which is expected.
Lots of topics and discussions similar to this that you can see on where people do still believe that price can go dip down back to $0 without even realizing on how
far we had able to reach and whats the current recognition that bitcoin does have on this moment.This isnt something that you can easily say that it would
go back from scratch.Everything is possible though but doesnt mean that it is likely to happen.Support now is just too big for us to presume that it would fail.

BITCOIN4X

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Currency failure have happened before and I can't convince those who use bitcoin to think that bitcoin will never fail in the future. But I'm pretty sure the innovation in bitcoin can help it continue to thrive and last and be used for longer than currently thought.

I think it's a bit strange to think that bitcoin will no longer be valuable in the future if we still have a lot of users and adopter. The short answer is probably no, but if something happen technically that will make all users sell their bitcoin, then it won't bring the price down to zero. Bitcoin will become a valuable crypto asset regardless of the price buyer and seller desire.

Rexler

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It's actually so impossible for bitcoin price to fall to zero because of its adoption and also got much hodlers, bitcoin can only fall deeply to a certain amount but can never fall to zero because there are many people who will always buy at every deep there see, hodlers of bitcoin believes in bitcoin and there can never be a mass dump on bitcoin, for instance check out the pandemic period last year, bitcoin fell too deep and later started rising even when the pandemic was still effective bitcoin rised higher and same last year hit a new Alth.

Streets 2.0

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Even in the darkest times, when everything collapsed a few years ago, the price did not fall below $ 1,000. And I'm pretty sure it won't go down. If you search the Internet, you can find thousands of opposing opinions - someone says that very soon everything will fall to the indicators of 2017 and backs it up with some kind of arguments, others talk about 100 thousand and even 300 thousand dollars by the end of this year ... Choose what you like best! ; D

Momoamzad

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There is no possibility except government activities regarding illegality. Many more people has a trillion doller investment on it so it is impossible that every holder is going to sell BTC and it's fall 0. It's quiet impossible.

ecnalubma

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Thats a %0.0001 that Bitcoin might fall to zero, I mean the adoption this big it might be impossible unless there will be an organize government activity and simultaneously stop Bitcoin activity immediately but thats scifi dream. Were now in the stage where people are not afraid to use Bitcoin and people starting replace their doubts with believe.

Marvelman

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Quote from: Rruchi man on April 08, 2021, 12:51:42 PM

Here are some scenerios that can cause the price of btc to fall drastically. (In my opinion, it is highly unlikely and the possibility very slim).
-cut-

One day we are predicting the Bitcoin to rise to $100,000 or $400,000 and now we are talking about it falling to zero?

As CZ Binance once said, "As Long as I Have a Penny Left, It Won't Happen." Wink

And the fact that the price of Bitcoin has been slowly rising in recent months goes to show that Bitcoin is not a bubble and is likely to be around for the long term.

wxxyrqa

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To date, there is not a very strong desire on the part of governments to regulate the issue of cryptocurrencies, but nevertheless, this process is happening little by little. Large companies are starting to invest in Bitcoin and use it not only as an investment asset, but also as a means of payment. The government will not be able to prevent this tendency. At the same time, one must take into account the fact that all goods that are banned from distribution and trade are valued much higher on the Black Market. Even if we theoretically assume the ban on Bitcoin, who will trade this asset on decentralized exchanges anyway, and its price will only grow at a tremendous pace.

tygeade

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Quote from: Rruchi man on April 08, 2021, 12:51:42 PM

Here are some scenerios that can cause the price of btc to fall drastically. (In my opinion, it is highly unlikely and the possibility very slim).
(1) No way to trade bitcoin or exchange it for goods and services.
(2) All governments of the world placing a ban on bitcoin and bitcoin related activities making it highly illegal.
(3) The entire bitcoin network and nodes going offline making it impossible to even make underground transactions in bitcoin.
(4) Another crypto overtaking bitcoin and value and more people shifting investment to this new crypto.

All these things you have said here cannot make the price of bitcoin to drop to a zero, if there is anything that can cause bitcoin to drop to zero then it should be one thing , and that’s when everyone stops making use of bitcoin and also the devs decides to abandon and exchanges stop trading it, that’s the only thing I know that can possibly lead to bitcoin price or value dropping to a zero, but I don’t think such a thing is going to happen, I can’t even imagine it.

The only thing you’re going to be seeing is just this price fluctuation that will be happening all the time. And it is possible that some of the big investors/institutions will sell their assets at some point and cause the market to crash heavily, but still it won’t fall to zero and it stop people from using it.

Alanaz

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I will definitely buy more if the price of bitcoin is drastic because I am sure bitcoin will shine again. That is, if bitcoin has decreased drastically but this possibility is very small if we look at it from now on, bitcoin is getting more and more soaring and I've read in one of the articles that there is a statement that says the fed's monetary policy continues to press interest rates to remain low until 2023.
indirectly this will make the price of bitcoin continue to rise for the next few years

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