Just as you've said, most of them are unlikely to happen. It won't fall to zero and stop thinking that it will happen.
Yes, it's volatile but why is it that this scenario are still being thought by some. This has been thought by a lot of fud spreaders before.
Topic: Bitcoin price fall to Zero? Possible or not? - page 7. (Read 1033 times)
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).
I think that could happen, for example because the whole world completely prohibits all forms of crypto transactions. Imo. Bitcoin is valuable because of the element of trust if all is lost it could just fall.
But for now I think it's hard. Many people already feel very confident that bitcoin is the future of money. Moreover, the total supply of bitcoin has been determined, so the possibility of a failure to inflate money will be very small. On the contrary, because the market needs more and more fixed supply, the price will increase.
(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.
(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.
1. That won't happen ever because the day it got started getting traded, it was the first ever win of Bitcoiners.
2. Making it illegal? For what exactly? Is Bitcoin a drug? No, it's now a high-class asset.
3. Impossible because mining won't stop, at least not till it's highly profitable and the rewards keep coming in. Even if some miners stop mining after rewards are over, there'll still be many good miners who will mine BTC on their Goodwill.
4. Nevertheless, it won't happen ever.
If the price falls to $ 5k it is most likely that many will take advantage of buying very cheap, although I do not see that this can happen due to the investment of companies and celebrities who are investing now, it is most likely that instead of going down it will go up more of price, Glassnode bets that it will continue to rise in price, some celebrities are with the NFT fever, now in a certain way more people will be able to reach the market, some will be interested in Bitcoin.
Quite confused about where to vote, so no vote for the poll. Government stop Bitcoin doesn't mean it will be Zero or not usable. They can't stop transactions by the way. If all miners stop mining Bitcoin then I will mine, so the transaction isn't going to stop anyway. If no exchange then peoples will buy peer-to-peer, buy-sell not gonna stop since it's a community-backed currency. I can't recall the name, but do you know a DeFi token crossed Bitcoin price? But it wasn't an effect on Bitcoin anyway. That all means Bitcoin not going to ZERO anyway if the world exists. But I have to say in the end, your thoughts are quite unrealistic and it doesn't go to happen. But price dump or more up is possible anytime for any reason on the crypto. That's why Bitcoin is much popular.
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?
Just imagine that scenario, someone sending all the coins to the same address on a single transaction, that would be a crazy end right?
It is not possible for Bitcoin to drop to Zero. It could drop very low, but it can not drop to zero.
I know this for a fact, because when the price drops to $47.62 for 1 million Bitcoin, I will buy ALL the available bitcoin. Therefore, the price can NOT drop below that.
I also know of another person that will buy ALL of the available Bitcoin when the price is $100 for 1 million Bitcoin. Therefore the price can NOT drop below that either.
I suspect that there are additional people that will buy most (or all) of the available bitcoin at higher prices than that.
I know this for a fact, because when the price drops to $47.62 for 1 million Bitcoin, I will buy ALL the available bitcoin. Therefore, the price can NOT drop below that.
I also know of another person that will buy ALL of the available Bitcoin when the price is $100 for 1 million Bitcoin. Therefore the price can NOT drop below that either.
I suspect that there are additional people that will buy most (or all) of the available bitcoin at higher prices than that.
What a survey 
Why would someone sell only at 5k? The current price is >50k. Makes absolutely no sense. The question would rather be, do you sell when Bitcoin falls below 50k and do you buy when it reaches 5k.
That's how I did it in 2017. Sold most of my BTC at 12k (a bit too early in hindsight, but you never know how far it will go up) and in the years after, then gradually bought back in at 3, 4 and 6k. Today, that's a nice profit.
Why would someone sell only at 5k? The current price is >50k. Makes absolutely no sense. The question would rather be, do you sell when Bitcoin falls below 50k and do you buy when it reaches 5k.That's how I did it in 2017. Sold most of my BTC at 12k (a bit too early in hindsight, but you never know how far it will go up) and in the years after, then gradually bought back in at 3, 4 and 6k. Today, that's a nice profit.
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
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