Topic: Bitcoin price fall to Zero? Possible or not? - page 2. (Read 1033 times)
Absolutely not to drop in zero, bitcoin have already a price and that could change that to zero, but i can say that it would be replace someday. Bitcoin is still mystery to us and until it never find out the value is there and rising. And more to come to invest because of this pandemic more people putting their time in internet and find these cryptocurrencies.
The topic of quantum computers has been discussed a lot and i'm not sure it will ever break cryptography. Until now, we all know that the cryptographic keys are still in the hands of Satoshi and possibly his/her group (predictions say Bitcoin will continue to be safe). but i also do not know what will happen when quantum computers actually come into being.
We will never prove until they prove it.Based on what we saw during the pandemic, show that bitcoin price will not fall to zero level in the market. Many countries never still recover from what covid-19 has caused for their economy. Many things collapsed during the pandemic that was giving bitcoin massive pumping in the market.
Bitcoin price just hit $60k few days ago that made people to concluded, that bitcoin price will reach $80k before the end of this month. Since fiat money is still loosing value in the exchange market, show that bitcoin price will continue increasing in the exchange market.
I thought that during this pandemic, this is also the time that bitcoin and the others in the market would really suffer. But in that guess, I tend to be wrong and surprised and thinking about zero, everyone who has known bitcoin for awhile shouldn't think about it. Bitcoin price just hit $60k few days ago that made people to concluded, that bitcoin price will reach $80k before the end of this month. Since fiat money is still loosing value in the exchange market, show that bitcoin price will continue increasing in the exchange market.
I don't see it anywhere been possible even if everybody is sold out of their coin and every government in the world ban the trade and possibly own their own coin I don't think it can fall back to zero. I stand with 99% not possible giving the 1% for doubt.
It isn't virtually possible all the money on bitcoin isn't manageable sometimes holders doesn't have access to their old private keys so the money they invested on bitcoin stays in there so it's just a speculation but not all users or investors doesn't actually remember or have their private keys or completely forgotten their old one so bitcoin can't hit zero
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
(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
This is pretty much all the reasons, if ever bitcoin's price drops to zero. Though it is impossible for it to happen. I just dont see another coin overtaking bitcoin nor for all the networks to suddenly go offline. If bitcoin's price fall to 5k, I'll still HODL. It always does that, then eventually rising up in a few years. However if it reaches 100 dollars, that's when i'll be worried. Maybe I'll panic and sell all my bitcoin so that I wouldnt have to waste any, just in case it reaches zero.
Bitcoin can only be destroyed when all the people of the world and the governments of all the countries collectively stop the bitcoin transaction at once. Moreover, it is not possible for me to destroy Bitcoin for you alone. Bitcoin does not depend on me and you alone, it depends on the people and governments of the whole world, the central bank.
I will Not give opinion regarding that Title question because that is redundant and had been answered thousand times before.
What i wanna give my answer in the Poll in which about the question of action.
I voted for Buying more and more as the price starts falling because all my Holding now are 1/2 of my original Holding as i have already sold at 50k level.
So the remaining funds in my Cash now are enough to buy 10 folds of my current holding.
What i wanna give my answer in the Poll in which about the question of action.
I voted for Buying more and more as the price starts falling because all my Holding now are 1/2 of my original Holding as i have already sold at 50k level.
So the remaining funds in my Cash now are enough to buy 10 folds of my current holding.
There is another reason... If someone cracks the code and gets all the private keys then the value would go to zero. I know it sounds like an impossible idea, but it should be possible in the next 10 years with quantum computers.
Just imagine that scenario, someone sending all the coins to the same address on a single transaction, that would be a crazy end right?
The topic of quantum computers has been discussed a lot and i'm not sure it will ever break cryptography. Until now, we all know that the cryptographic keys are still in the hands of Satoshi and possibly his/her group (predictions say Bitcoin will continue to be safe). but i also do not know what will happen when quantum computers actually come into being. Just imagine that scenario, someone sending all the coins to the same address on a single transaction, that would be a crazy end right?
I don't think so it will ever happen in near future. In the year 2018, we have heard much negative news about the BTC banning and even some countries banned restrict its use still Bitcoin overcome all the obstacle and now we see bitcoin on the top again. We all know Btc is decentralize and no one can not control this and is not a pyramid scheme that can collapse so I believe Btc has a bright future ahead. We should think optimistically about bitcoin and our approach should be positive rather than think negatively.
The ban on bitcoin in 2018, where and this issue caused the price of bitcoin to fall in 2019 .. From this issue we can see if whatever obstacles befall Bitcoin, bitcoin will remain strong in the market. So I think we have to be smart and watch the situation if bitcoin remains strong in the market. 
I don't think so it will ever happen in near future. In the year 2018, we have heard much negative news about the BTC banning and even some countries banned restrict its use still Bitcoin overcome all the obstacle and now we see bitcoin on the top again. We all know Btc is decentralize and no one can not control this and is not a pyramid scheme that can collapse so I believe Btc has a bright future ahead. We should think optimistically about bitcoin and our approach should be positive rather than think negatively.
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
Bitcoin is trading over $63k now and you are trying to tell me there's a possibility for me to buy cheap bitcoins?, stop giving me false hopes man, we both know none of these things been listed will make bitcoin to back to zero, expecially the no. 2 about government placing ban on bitcoin, over the years we have seen some governments placing ban on bitcoin, and yet their citizens still make use of it, the government can't ban a decentralized currency, because even the government don't have control over it. (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
I don't believe Bitcoin can fall to zero, especially with the already very high demand for Bitcoin like now. Even dropping below $ 5k is impossible,
with many institutions investing in Bitcoin making Bitcoin fundamentals very strong. But if Bitcoin does drop by surprise again to under $ 5k,
we don't panic and make that moment to buy more Bitcoin. But like I said it is completely impossible for Bitcoin price to drop below $ 5k right now.
speculating too much with the unreasonable and I agree with you, that there might be a decline, but if it reaches zero it seems that the impossible will happen because the price of bitcoin is too high and the possibility of a decline can occur but it is still within a reasonable level.with many institutions investing in Bitcoin making Bitcoin fundamentals very strong. But if Bitcoin does drop by surprise again to under $ 5k,
we don't panic and make that moment to buy more Bitcoin. But like I said it is completely impossible for Bitcoin price to drop below $ 5k right now.
even if it drops $ 5K it's also hard to imagine how it will happen.
If the price drops below $ 20K alone, people are definitely scrambling to buy it and save it for another 4 year investment where the halving takes effect again. but it seems that if there is a correction there will be next year if this year until the end of the year bitcoin will continue to increase.
it depends on how much I bought it in the beginning. Anyways, I think I would keep it.
I guess, those might be a possibility, but even so it's kinda impossible for it to reach zero. Maybe it will be worthless, but it might still have little value, not suddenly turned into zero.
And i guess, bitcoin is still so strong, even
Please read to understand the concept and the potential of Bitcoin with the advantage block halving because the chance for Bitcoin to be worthless is zero even before the institutional investors join the crypto investment.And i guess, bitcoin is still so strong, even
without many option of using it to trade into goods or services
There are many options of using Bitcoin to trade for goods and services if you're well informed about the crypto activities created by PayPal, other online stores, and payment apps/platforms.and bitcoin getting banned in a lot of countries, bitcoin still can rise up high up until now. There's no other cryptocurrency that seems to be able to overtake bitcoin position too for now. So i guess no need to think about it too much for now.
The government doesn't have power/control over Bitcoin its impossible for them to ban Bitcoin but they can place a certain restriction on its uses.
Not a thing that we need to argue, we know Bitcoin is growing now, the adoptions still working, and the trust has been there already. These are the basis why I'd never think that Bitcoin will collapse and back to scratch where it started. I see nothing like that but instead of seeing Bitcoin keep rolling and stronger.
I know we are not 100% sure about its future but there is another reason. But I'd rather not think about it as we are all enjoying the moment, we don't see huge problems with Bitcoin and there is no reason why we should think about this.
I know we are not 100% sure about its future but there is another reason. But I'd rather not think about it as we are all enjoying the moment, we don't see huge problems with Bitcoin and there is no reason why we should think about this.
There is one thing that very important for bitcoin because if there is no this thing bitcoin will not work anymore. Yeah, internet access, if government shout down the internet in their area then bitcoin will not be used anymore. Or even their government is very authoritarian like North Korea where internet users are only the government, yeah can you know, is there any North Korean who knows bitcoin?
Also, I dissagree with your last point that you mentioned. If there is a crypto currency let say an altcoin that has a high price than bitcoin then bitcoin will not be used anymore. In fact, before bitcoin price having a high price like now there is an altcoin that passed bitcoin price namely YFI DeFi token that has $45000 at the current price. But, the investor still choose bitcoin as their investment place than the altcoin.
Also, I dissagree with your last point that you mentioned. If there is a crypto currency let say an altcoin that has a high price than bitcoin then bitcoin will not be used anymore. In fact, before bitcoin price having a high price like now there is an altcoin that passed bitcoin price namely YFI DeFi token that has $45000 at the current price. But, the investor still choose bitcoin as their investment place than the altcoin.
Of course it's technically possible but it probably won't happen before a long time.
That said i find Bitcoin a bit old in term of technology if we compare it with some others cryptocurrencies, so who knows what will happen in a during time ? But it can evolve.
Because there's no media that talk more about all the better cryptocurrencies than Bitcoin.
That said i find Bitcoin a bit old in term of technology if we compare it with some others cryptocurrencies, so who knows what will happen in a during time ? But it can evolve.
I guess, those might be a possibility, but even so it's kinda impossible for it to reach zero. Maybe it will be worthless, but it might still have little value, not suddenly turned into zero.
And i guess, bitcoin is still so strong, even without many option of using it to trade into goods or services, and bitcoin getting banned in a lot of countries, bitcoin still can rise up high up until now. There's no other cryptocurrency that seems to be able to overtake bitcoin position too for now. So i guess no need to think about it too much for now.
And i guess, bitcoin is still so strong, even without many option of using it to trade into goods or services, and bitcoin getting banned in a lot of countries, bitcoin still can rise up high up until now. There's no other cryptocurrency that seems to be able to overtake bitcoin position too for now. So i guess no need to think about it too much for now.
Because there's no media that talk more about all the better cryptocurrencies than Bitcoin.
I guess, those might be a possibility, but even so it's kinda impossible for it to reach zero. Maybe it will be worthless, but it might still have little value, not suddenly turned into zero.
And i guess, bitcoin is still so strong, even without many option of using it to trade into goods or services, and bitcoin getting banned in a lot of countries, bitcoin still can rise up high up until now. There's no other cryptocurrency that seems to be able to overtake bitcoin position too for now. So i guess no need to think about it too much for now.
And i guess, bitcoin is still so strong, even without many option of using it to trade into goods or services, and bitcoin getting banned in a lot of countries, bitcoin still can rise up high up until now. There's no other cryptocurrency that seems to be able to overtake bitcoin position too for now. So i guess no need to think about it too much for now.
Going back to zero not possible at all and even we are still in bull seasons I concur we will reach more ATHs this year. It may go dip a little for people wanted to take profit but it will recover fast. We just hit two ATHs today and that's making the market more healthier than ever.
The price of bitcoin may drop but we can't think about zero price of Bitcoin. Bitcoin is leading the crypto market and people are investing in huge amount on it. Though we can't predict the exact price of crypto currency but it is not possible for bitcoin to drop zero price. 
It's impossible for bitcoin price to fall to zero, bitcoin can only fall deeply in price and will surely bounce back again Because there are so many big investors and companies who are ready to buy at every dip there see, so there is no possibility for bitcoin to fall to zero, for me if there is crash in the market and bitcoin falls so badly sincerely speaking I will load enough of it like I will be ready to pull out funds I got in other asset and invest in bitcoin at its deep because surely it will pay off, its just a matter of time and patience I will make it big.
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