Can Bitcoin be worth zero? - page 5.

Henrobakkara

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Quote from: cmcripto on August 29, 2022, 10:53:27 AM

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?

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I understand we can never say never but in this case, Bitcoin falling to zero price is like 1 out of a million chances or maybe never. Bitcoin has seen dips before and many people have thought it never coming back again, literally, people have called Bitcoin dead a lot of times, Bitcoin Obituaries and here we are and considering the people and institutions and Governments of countries that have invested in Bitcoin, the worst could be that Bitcoins price might be less volatile but not going to zero.

wahyuagung26

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It could be yes and it could be no, and in my opinion this really depends on the investment and may also depend on the enthusiast, and depending on the state of the Cryptocurrency market as well of course, I think and I also strongly believe that this is very unlikely to happen, impossible I mean here is the value of Bitcoin that will be zero, this is very unlikely and very, very unlikely to happen.

But apart from Bitcoin itself this will probably happen and very precisely for Shitcoins, Shitcoin will very likely change its value to Zero, and very likely will become Zero.
Unlike Bitcoin, Bitcoin is very decentralized and very and has a very good level of quality, I don't have any doubts about Bitcoin.

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Quote from: pgbit on August 30, 2022, 06:36:47 AM

The big whales of the market are the manipulators. Like the big investors, the exchanges, the government who have passed the legal tender, the business companies who have bought a lot of bitcoin, if they sell, the price of bitcoin crashed. The Chances are very low that these manipulators will bring down the value of Bitcoin to zero.And if that happens, it will make the all Altcoins of the entire market 99 percent zero.all the big whales invest their billions of dollars in this industry.Which is their source of income from where they are earning money.So Big Wells would never want the value of Bitcoin to go to zero۔Because this way this industry will end.And this is not the work of a one whale alone. For example, if the exchanges sell off all bitcoins, suppose the price of bitcoins goes to zero, then all the business of these exchanges will stop, so they would never like the value of Bitcoin to go to zero.

When bitcoin goes to zero not only bitcoin will be destroyed but the world economy will also be disrupted. But who would expect bitcoin to go to zero? those who expect it are only among those who do not hold bitcoin and do not invest in it. Big whales won't let bitcoin go to zero.

As long as bitcoin was created until now bitcoin has never been zero, bitcoin only experienced a correction and then accelerated to an increasingly higher price. like currently bitcoin is in a bearish crash mode and of course, there will be bulls that will follow later.

Bitcoin has many communities and is now known by everyone in the world. So no one will doubt bitcoin and those who doubt and still hope for bitcoin to be zero of course don't understand the bitcoin mechanism.

pgbit

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The big whales of the market are the manipulators. Like the big investors, the exchanges, the government who have passed the legal tender, the business companies who have bought a lot of bitcoin, if they sell, the price of bitcoin crashed. The Chances are very low that these manipulators will bring down the value of Bitcoin to zero.And if that happens, it will make the all Altcoins of the entire market 99 percent zero.all the big whales invest their billions of dollars in this industry.Which is their source of income from where they are earning money.So Big Wells would never want the value of Bitcoin to go to zero۔Because this way this industry will end.And this is not the work of a one whale alone. For example, if the exchanges sell off all bitcoins, suppose the price of bitcoins goes to zero, then all the business of these exchanges will stop, so they would never like the value of Bitcoin to go to zero.

andriarto

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Quote from: Smack That Ace on August 29, 2022, 09:31:16 PM

Quote from: Finestream on August 29, 2022, 04:31:26 PM

Quote from: serjent05 on August 29, 2022, 03:26:23 PM

I think it will take a very long time before Bitcoin become worth zero if it will be. But in the current situation, Bitcoin is far from going worthless because its foundation is already established. On the contrary, I think Bitcoin is more likely to continue to have an uptrend chart because of the strong effect of speculations.

But, assuming Bitcoin becomes zero, I am sure, the world will move on, there may be lots of people who went bankrupt but I am sure there are also who profited from this event.

The only time that bitcoin will become zero if there is another crypto coin that will take its place and will become the most valuable asset in the market. But for now, bitcoin is still the best and most profitable coin so far so it’s value will definitely increase more and it’s adoption will become a mainstream someday. Seeing it become zero value might be very impossible these days.

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.

if bitcoin is worth zero then I think the crypto world will collapse, because people's image of crypto is bitcoin, and this affects the psychology of investors considering their crypto identity is lost, and whether to believe in other coins, while the king is being toyed with. although it seems difficult to happen, but currently bitcoin is still in the development stage, and unfortunately it is still a trusted coin today, and that means having to change everyone's mainset to bring it down

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Quote from: Upgrade00 on August 29, 2022, 02:46:00 PM

Quote from: jossiel on August 29, 2022, 02:29:48 PM

But is there any history in the early past of it that this has ever happened?

No, Bitcoin has not had a 51% attack, as far as I'm aware.

If there's none, it only proves how secure and safe the network is even in the early days.

Quote from: Upgrade00 on August 29, 2022, 02:46:00 PM

Comparing the risk and reward ratio, attempting such an attack on Bitcoin would be very difficult to pull of. For one, it has a huge capital requirement to even attempt it, and there's no guarantee that the attacker would actually get any benefit from it.

The hashrate is also growing, making it more difficult with time.

Yeah, a group or a company that will attempt to do this. They may not even get what they want and they'll cost them more money so it's nonsense to do it anymore, especially on these days when the price of bitcoin was 1/3 from its former highest ATH.

I guess we can conclude that it's highly unlikely that we'll see bitcoin drop to that figure.

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Even the shittiest coin never touch zero price as long as it was still listed on exchange. Terra Luna investor lost there confidence to the project but still there’s still a lot of people keep buying the old token hoping that it will be revive soon. So how come Bitcoin will worth nothing while it is the top crypto currency and other failed project didn’t even touch that price level? I’m sure the price will recover quickly the moment it will deep less than 1000$ a piece because there will always be people buying it no matter what happened because Bitcoin already proven what it’s worth.

I’m not saying there’s a zero chance that it will happened but it’s very rare for that scenario to occur knowing how huge crypto market nowadays.

Stable090

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With lot’s of challenges bitcoin have faced in the past years, am sure bitcoin can never go back to zero, we no the market is volatile but bitcoin can only dump and can never go to zero, if bitcoin price dump any amount of bitcoin you are holding remaining the same the only thing that will change is the price but the quantity will not change. If you are trading or holding alternative coins then they can go to zero anything is possible but if you are trading or holding bitcoin your mind should be at rest that bitcoin can never go to zero.

landheer

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Bitcoin enthusiasts are very much and increasing and now more and more big investors are investing in bitcoin. including myself. and I have also set a price to buy more bitcoins if the bitcoin price drops deeper and I'm sure a lot of people will buy bitcoins at a lower price, so I don't think the bitcoin price will go down to zero. because there are many enthusiasts who will buy bitcoin at the lower price.

Smack That Ace

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Quote from: Finestream on August 29, 2022, 04:31:26 PM

Quote from: serjent05 on August 29, 2022, 03:26:23 PM

I think it will take a very long time before Bitcoin become worth zero if it will be. But in the current situation, Bitcoin is far from going worthless because its foundation is already established. On the contrary, I think Bitcoin is more likely to continue to have an uptrend chart because of the strong effect of speculations.

But, assuming Bitcoin becomes zero, I am sure, the world will move on, there may be lots of people who went bankrupt but I am sure there are also who profited from this event.

The only time that bitcoin will become zero if there is another crypto coin that will take its place and will become the most valuable asset in the market. But for now, bitcoin is still the best and most profitable coin so far so it’s value will definitely increase more and it’s adoption will become a mainstream someday. Seeing it become zero value might be very impossible these days.

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.

wxa7115

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Quote from: cmcripto on August 29, 2022, 10:53:27 AM

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?

The chances of such a development happening are very low, it is not impossible because technically nothing is impossible in this life, however the only way I could see the price of bitcoin going down all the way to see zero is if there was the total collapse on our infrastructure and neither the Internet or the electric grid worked.

And in that kind of catastrophic scenario I do not think we will have too much of a time to worry about the price of bitcoin, so do not worry about something that is so unlikely and concentrate yourself in other scenarios that are way more likely to happen.

ChiBitCTy

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This is a topic that has come up many times and I think something that none of us of course could answer with any absolute certain in the very long run but for the short to mid term, I think it would be nearly impossible for bitcoin to fall to zero. There will be far too many who will never sell their coins keeping it above the price of zero for many years to come.

Fundamentals Of

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Can be Bitcoin go down to zero? Yes, of course. That's a possibility. In the same way that gold, silver, diamond, and all precious stones and metals could also become worthless. If a global famine for example will hit the world, nothing is more important than food. A quarter sack of corn will be a lot more valuable than a bar of gold.

How likely that Bitcoin will go down to zero? Very unlikely. In the absence of a nuclear global war or a deadly global famine or a pandemic like no other, Bitcoin will most probably remain valuable.

Stella Mese

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I think bitcoin will definitely be hard to reach zero price. because the interest in investing in bitcoin is increasing, and there are so many people who put the price of bitcoin at a low price so if the price of bitcoin goes down there will be a lot of people who will buy it. so I think the price of bitcoin will be difficult to reach zero price.

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Quote from: AmoreJaz on August 29, 2022, 06:21:30 PM

Quote from: Vaskiy on August 29, 2022, 04:35:23 PM

If this was to happen, then it is too late. During the beginning days or at the transition point of bitcoin towards the next level this could've taken place. For now it have crossed several deaths out of the crashes and big criticism as it is an asset used for illegal needs and gambling purpose. Now it is on the path for which this is being innovated, so it is never to be Zero anymore.

though we can never say that it won't ever drop to zero, but the possibility in the current situation is very very slim. maybe, btc will reach its 0 value, but not in our lifetime. no one knows for sure about this scenario. but we can't totally disregard this situation to happen. so at the moment, i don't think this kind of discussion makes sense. because the current situation in the crypto market, it says, otherwise.

Maybe, but I don't believe bitcoin will reach to zero after our lifetime. Maybe something better in technology could reach the market. From valueless token to such a big market in short period of time will never see a decline to Zero. The only possibility before me is the shut down of entire mining operation, which won't happen.

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Quote from: Vaskiy on August 29, 2022, 04:35:23 PM

If this was to happen, then it is too late. During the beginning days or at the transition point of bitcoin towards the next level this could've taken place. For now it have crossed several deaths out of the crashes and big criticism as it is an asset used for illegal needs and gambling purpose. Now it is on the path for which this is being innovated, so it is never to be Zero anymore.

though we can never say that it won't ever drop to zero, but the possibility in the current situation is very very slim. maybe, btc will reach its 0 value, but not in our lifetime. no one knows for sure about this scenario. but we can't totally disregard this situation to happen. so at the moment, i don't think this kind of discussion makes sense. because the current situation in the crypto market, it says, otherwise.

Slow death

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falling to zero would mean no more value, would it mean that there would be no one willing to buy and sell, this is impossible to happen and why do I think that way? let's go back in time, until years ago, at the beginning of bitcoin creation, there were few people who knew about bitcoin so the price was low, but even at that time the price was not 0, today we have a much bigger market compared to the past, more people enter this market every day, so even if there was a misfortune the price wouldn't go down to zero, it could go down a lot but it wouldn't go down to zero because there will always be someone to buy bitcoin, because there will always be someone with faith that the price will go go up, that's why it's impossible to go down to zero

Quote from: Finestream on August 29, 2022, 04:31:26 PM

Quote from: serjent05 on August 29, 2022, 03:26:23 PM

I think it will take a very long time before Bitcoin become worth zero if it will be. But in the current situation, Bitcoin is far from going worthless because its foundation is already established. On the contrary, I think Bitcoin is more likely to continue to have an uptrend chart because of the strong effect of speculations.

But, assuming Bitcoin becomes zero, I am sure, the world will move on, there may be lots of people who went bankrupt but I am sure there are also who profited from this event.

The only time that bitcoin will become zero if there is another crypto coin that will take its place and will become the most valuable asset in the market. But for now, bitcoin is still the best and most profitable coin so far so it’s value will definitely increase more and it’s adoption will become a mainstream someday. Seeing it become zero value might be very impossible these days.

even if there was another currency more valuable than bitcoin, it would still be impossible for bitcoin to drop to zero, there will always be people wanting to buy and sell bitcoin. an interesting thing is that whenever the price drops a lot people panic and the panic blinds them to the point of thinking that the price will drop a lot to zero, when this is not true

Detritus

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Bitcoin is really a old coin like you said and their is nothing impossible in the digital market but the possibility of Bitcoin dropping to Zero is on a 0.1% speculation level. If peradventure Bitcoin drop to zero, which is never possible, that means the end of crypto currency because Bitcoin is really what is making some people believe in crypto currency.
OP, if you must know, am just going to give you a scenario of a home without parents, the children in that house are definitely going to behave the way they please and that's how it will look like in the crypto market if anything bad happens to Bitcoin. In my sense of view Bitcoin being the first crypto is now like the parents to every other crypto.

Vaskiy

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If this was to happen, then it is too late. During the beginning days or at the transition point of bitcoin towards the next level this could've taken place. For now it have crossed several deaths out of the crashes and big criticism as it is an asset used for illegal needs and gambling purpose. Now it is on the path for which this is being innovated, so it is never to be Zero anymore.

Finestream

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Quote from: serjent05 on August 29, 2022, 03:26:23 PM

I think it will take a very long time before Bitcoin become worth zero if it will be. But in the current situation, Bitcoin is far from going worthless because its foundation is already established. On the contrary, I think Bitcoin is more likely to continue to have an uptrend chart because of the strong effect of speculations.

But, assuming Bitcoin becomes zero, I am sure, the world will move on, there may be lots of people who went bankrupt but I am sure there are also who profited from this event.

The only time that bitcoin will become zero if there is another crypto coin that will take its place and will become the most valuable asset in the market. But for now, bitcoin is still the best and most profitable coin so far so it’s value will definitely increase more and it’s adoption will become a mainstream someday. Seeing it become zero value might be very impossible these days.

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