The context presented by OP must have the degree of separation between bitcoin and all other crypto currencies, according to your idea of a catastrophe, so please do not be confused, it is bitcoin + everything else that exists, always.
If you look at the other cryptos from where this paranoid idea of zero value surely arises, you should know that there are more than 500 projects that should not be in the market-crypto. So the stories and behaviors of other cryptos should not affect your confidence, the price of bitcoin if it is going to change can even reach unexpected low, in that sense you have to be prepared, each one in their pertinent decisions, but the zero value for now leave to the rest of the cryptos.
Topic: Can Bitcoin be worth zero? - page 3. (Read 1136 times)
Don't let these rumors and market assumptions dictate your mind OP. Everyone can do his own baseless market assumptions but I encourage you then to analyze how unreliable it was knowing that Bitcoin is quite growing and spreading globally. If based on that scenario, we can't certainly think about sinking, and much more impossible if it has been considered as a legal tender worldwide.
What is happening now it seems to be enough to let people know that Bitcoin is having a bright future.
What is happening now it seems to be enough to let people know that Bitcoin is having a bright future.
Zero of what? USD? Theoretically you could say it's possible but practically it's not.
It's possible for a coin with a market cap of 100 million USD to go to 0 although it's going to be 0 in the form of less than 1 USD not in the form of 0.00 USD. It's not possible for something az big as bitcoin to go to 0 unless there's a proven vulnerability that cannot be patched. You'd need a black swan event for it to happen like a real Satoshi coming out and saying to the world that he's a US government employee and it was all an experiment to see how many people they can get to invest and now they're all dumping what they have and turning it to USD and then they're banning BTC in the US.
It's possible for a coin with a market cap of 100 million USD to go to 0 although it's going to be 0 in the form of less than 1 USD not in the form of 0.00 USD. It's not possible for something az big as bitcoin to go to 0 unless there's a proven vulnerability that cannot be patched. You'd need a black swan event for it to happen like a real Satoshi coming out and saying to the world that he's a US government employee and it was all an experiment to see how many people they can get to invest and now they're all dumping what they have and turning it to USD and then they're banning BTC in the US.
Did you see the dominance of bitcoin in Cryptocurrencies market ? Have you ever noticed that when the price of Bitcoin goes down, the price of other alt-coins also goes down? If you have noticed, tell me where the price of altcoin will go if bitcoin goes to zero. And will there be anything in the world to say crypto currency? I actually find it ridiculous that Bitcoin will one day be worth zero.
I wonder what will make bitcoin worth zero. That will be unimaginable to comprehend. Bitcoin didn't worth zero at the earlier stage of her creation. Is it now that it will worth zero? I don't think so. Coins worthing zero can only be altcoins, not bitcoin
I think many things happen easily in imagination but reality is different. I find that BTC is the most volatile currency. It could come down any time but zero is an unlikely thought now. It's just a waste of time to think about it. Because the large number of people want to buy BTC. They place the buy orders and waiting for the expected price.
I don't think it's possible to drop zero.
Bitcoin to zero is not possible at the moment especially since it started as a valueless asset.
And knowing very well that what one will consider as trash others will see gold in it which is the very case of this perceived Bitcoin to zero....true believers will buy the dip which will push its price up to avoid hitting the floor.
That is exactly my thoughts, bitcoin cannot hit zero. Apart from believers who are always ready to buy every deep. There are whales who are on standby to accumulate more bitcoin. When the price comes too low the only disadvantage will be, bitcoin will become very manipulatable like altcoins. Bitcoin cannot hit zero and if it eventually does, count me to be a rich man. And knowing very well that what one will consider as trash others will see gold in it which is the very case of this perceived Bitcoin to zero....true believers will buy the dip which will push its price up to avoid hitting the floor.
We all know how volatile and unpredictable the cryptocurrency market can be. One month, a coin may be at its peak of value, and the next, it may have almost no value at all. Unfortunately, this is simply the name of the game when it comes to cryptography. But what would happen if the oldest and most valuable asset on the market, Bitcoin, dropped to zero?
https://portalcripto.com.br/en/crypto-crash-2022-bitcoin-pode-valer-zero/
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This question is already expected from a newbie as one is not knowledgeable and used to see the market having price fluctuations most of the time. But when we talk about bitcoin, knowing it’s the most prominent and the one that dominates the crypto market, it’s hard to see its value dropping into zero. Although bitcoin is also not stable, but knowing that it had survived more than 10 years of battling with a lot of attacks, that one proves that bitcoin will not be easily become useless in the end.https://portalcripto.com.br/en/crypto-crash-2022-bitcoin-pode-valer-zero/
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Well, the OP is obviously and indeed a newbie in this kind of discussion and seriously didn't bother to do some research before starting a thread here in this forum. Bitcoin has a chance to drop to flat zero, yes, but that possibility is really like a razor-sharp type of slim. Even if the whales will work altogether, they cannot possibly sink the bitcoin to have a zero price easily because there are other holders as well who holds numerous amounts of bitcoins as well as those wallets who have been buried or forgotten.
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I mean from the definition of it already.Quote
A cryptocurrency wallet that cannot be compromised because it is not connected to the Internet
Surely if you hand it out to some random strangers that promise you anything, the chances are surely not zero. Technology is not perfect and as long as it is programmed and developed by someone, there's always possible vulnerabilities that would screw the device around. That is why even in the most established devices out there there are always going to be software updates even though people just overlook that kind stuff quite often and it is saddening.Source: Definition of cold wallet
Bitcoin to zero is not possible at the moment especially since it started as a valueless asset.
And knowing very well that what one will consider as trash others will see gold in it which is the very case of this perceived Bitcoin to zero....true believers will buy the dip which will push its price up to avoid hitting the floor.
And knowing very well that what one will consider as trash others will see gold in it which is the very case of this perceived Bitcoin to zero....true believers will buy the dip which will push its price up to avoid hitting the floor.
I don't think that is likely to happen. Let's assume in the future there will be another cryptocurrency powerful enough to replace bitcoin and bitcoin will no longer be the king of crypto but as long as demand remains and people still use bitcoin, bitcoin will never go to zero. Everything just goes back to 0 when it's really out of demand and no longer being used, not just bitcoin. The only time bitcoin goes to zero happens only when our need for bitcoins is gone.
The problem is that I believe we could have some sort of trouble with bitcoin itself, not that it will happen but that is a possibility. Which is why I believe that we could see something changing in there. If a technical problem arises, and someone figures out a way to hack into cold wallets, then it is all zero right? I am not saying this will happen, but I have to say that it is not 0% chance for that to happen neither, there is a possibility.This is why people always say that "never say never" because it looks like there is a possibility that it could happen. This will result with the fact that people will end up with a "refrained" look towards bitcoin at all times.
BTC has build up it's ground and there's no turning back. If you try to compare BTC to all the other failed altcoins, then you are loosing, mate. BTC is BTC. If you can fit that in your mind, then this price drops will seem nothing to you. It will recover someday eventually.
For now i dont think bitcoin will turn to zero value, but in the future i dont know what will happen we don't know if btc will fall to zero value because it will always depend on the future adaptions, issues, developments, etc., Everything is possible in crypto and we all know that crypto is very high on volatility so we need to be careful anytime.
Sure but highly unlikely to happen. Ultimately, the market determines the value so in theory it could go zero, but we are more likely to see 1 Bitcoin= 1 Bitcoin before this ever happens. Now on the other hand, quantum computing is a whole other matter.
though it is possible to come but of course this may not happening any time soon , because as long as we are all here and buying , using Bitcoin ? this currency will keep hyping and dumping for all of us.how much are we expecting the highest value in the coming years? there is at least 6 digits to be expected according to the experts in the sooner time.
This question can be asked the first two years of bitcoin creation there might be a possibility of a bug crash that will lead to that, but we all know bitcoin is so strong nowadays it may happen if something huge against cryptocurrencies were found or a new better way was invented even that will take hundreds of years to happen, so my short answer will be no
for 12 years of existence ? then how come that it will happen to this great coin to end up losing to zero.
We all know how volatile and unpredictable the cryptocurrency market can be. One month, a coin may be at its peak of value, and the next, it may have almost no value at all. Unfortunately, this is simply the name of the game when it comes to cryptography. But what would happen if the oldest and most valuable asset on the market, Bitcoin, dropped to zero?
-snip-
Those are some shitcoins that you are talking about. You will see them on coinmarketcap trending (i don't even know why cmc doesn't filter those shitcoins. All they do is lure newbie investors) now and then. They get pumped for few hours, and then dumped. Most of the time you won't be able to sell. Or there are some "taxes" that you pay to the developers and you end up losing money (even though the price goes up). Those are the coins that goes to zero. -snip-
But bitcoin will highly unlikely go to zero. As long as there is someone buying, bitcoin will always have a value.
See bitcoin started from zero, there was a time when hanyez baught 2 pizzas for 10000 Bitcoins, back than no one knew Bitcoin would scale such great heights, but it did. Because of its applicability. Value of anything depends on its applicability. As I can see bitcoin is going to only expand. We are gonna see great rise of crypto economy in next decade and Bitcoin is going to lead from front..
It depends on who is asking, and if you go bankrupt you will say bitcoin is worthless or will be worth zero. But for investors and incumbents, they will see this as an opportunity, a big buy of something almost worthless and sell it when it becomes valuable to some globally.
and the OP is a beginner who in my opinion is not very familiar with bitcoin by his own research and also does not have good knowledge and understanding of bitcoin or crypto.
and in my opinion, bitcoin will never be zero because zero is not a demand, and there will always be a demand for bitcoin and its cult and someone out there will always be willing to buy it.
and the OP is a beginner who in my opinion is not very familiar with bitcoin by his own research and also does not have good knowledge and understanding of bitcoin or crypto.
and in my opinion, bitcoin will never be zero because zero is not a demand, and there will always be a demand for bitcoin and its cult and someone out there will always be willing to buy it.
Bitcoin can not drop to zero, it is not like other altcoins that does not have value in the market. If Bitcoin is experiencing the bear market that doesn't mean the price of bitcoin will drop to zero. It is only shit coins that have the tendency to drop to zero.
let them have that thinking because it is them that will lose anyway , they will sell when there is a slight falling and will never gain because of their panicking .I am not keeping my Eye in market when it is bearishness so i will keep safe my funds on holding , this is the secret i am doing for years now , even deleting the cookies of exchange so i will not have easy access to check the prices here and there.
Sure but highly unlikely to happen. Ultimately, the market determines the value so in theory it could go zero, but we are more likely to see 1 Bitcoin= 1 Bitcoin before this ever happens. Now on the other hand, quantum computing is a whole other matter.
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