Can Bitcoin Become Negative in Value?

supine

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Quote from: Wenbing on April 22, 2020, 01:02:28 AM

I was shocked for reading a market breaking new as strange as this.

I paused and reflected again and again by applying this condition to other market assets.

I read from Blomberg that the price of crude oil has declined into a negative of $-37.63/barrel.

What will happen to countries that depend solely on crude oil revenue?

What will happen to the investors in crude oil?

A very serious reflection is that fact that, is it possible for bitcoin value to also drop into the negative?

What if the following happen:
1. A ban in the demand for bitcoin and a ban in the use of bitcoin.
2. Backing off of bitcoin miners from the business of mining?

Could these causes bring the value of bitcoin to something similar to the historic oil Price drop of $-37.63?

What do you have to say about this?

Bitcoin price will not go negative. It may hit the low price but not negative and zero. Because bitcoin supply and demand and moving everyday.
Bitcoin don't have stable value for it to go negative.

mezzaluna

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For Bitcoin's value to become negative, it must have been involve in some really bad situation but its really not possible for its value to become negative since Bitcoin's value was never zero. It always had a value and that value just fluctuates. As long as Bitcoin is usable, we only need to expect its price to increase and decrease but never to the point of negative value.

FinancialMohan

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I don't think that is possible because the systems are set up so that it is impossible to have a negative balance due to the nature of the algorithm. I got the info from this https://thecryptocurrencyforums.com/can-a-cryptocurrency-go-negative/ article

cheezcarls

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Quote from: Wenbing on April 22, 2020, 01:02:28 AM

I was shocked for reading a market breaking new as strange as this.

I paused and reflected again and again by applying this condition to other market assets.

I read from Blomberg that the price of crude oil has declined into a negative of $-37.63/barrel.

What will happen to countries that depend solely on crude oil revenue?

What will happen to the investors in crude oil?

A very serious reflection is that fact that, is it possible for bitcoin value to also drop into the negative?

What if the following happen:
1. A ban in the demand for bitcoin and a ban in the use of bitcoin.
2. Backing off of bitcoin miners from the business of mining?

Could these causes bring the value of bitcoin to something similar to the historic oil Price drop of $-37.63?

What do you have to say about this?

I don't think that's possible. It might not even go down to zero. There are times that Bitcoin will have a huge dip like what happened in 2018, but it's not possible anymore for BTC to go negative balance.

Unless if all BTCs were mined (probably in 2140 or a quantum computer), this is what we are trying to figure out on what happens if there will be no more BTC miners.

pawanjain

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I don't think bitcoin will ever go to negative because it will never go to zero at the first place.
Even if we consider the above scenario happening the price might fall down rapidly but it won't go to zero.
There are many people who will consider holding bitcoin rather than selling it for zero.

bryant.coleman

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Quote from: Nalbo on May 12, 2020, 06:43:05 AM

Oil price was negative for a brief moment as there were no more storage left and the pumps were not turned off to check the demand.
For bitcoin even if the demand plummets, there would be no constrain of storage as miners and any trader can store any amount of bitcoin without any cost and even offline.

Forget about the negative price. I don't think that the price can get near zero, because of the principle of controlled supply. As long as a single user remaining in the market, the price will remain above $0. Is it too much to expect, given that we have more than 100 million users as of now? Even a scam coin such as Bitcoin SV can have a couple of million users. Then what will prevent Bitcoin from having a minimum of a few million traders, even if something catastrophic happens and the value plummets? I would say that the level of $3,000 per coin that was reached in Q1 2019 was the bare minimum. It won't go lower than that.

virasog

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Quote from: pgbit on May 03, 2020, 12:54:31 PM

The price of bitcoin can never be negative because the selling price in the current cryptocurrency market works a lot. Bitcoin can hold the number one position as a developing country in the world at present so we need to read it in a positive market to bring it to a better position with the developed world banking. The system is being launched and bitcoin through banking as the price level at which we can say with payment in bitcoin never negative, can not be expected to be positive, it's always something to positive, then we will be able to market in valuable.

Bitcoin is different from the oil. The oil is a commodity and it price can fall below zero (rarely) but bitcoin is a currency and you won't find any currency below zero. This is just not logical.
If you compare it with USD, it can fall to zero but that again is impossible to happen in real world. There are always buyers who are willing to buy bitcoin cheap.

Nhor1011

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If we look on bitcoins value since it was created,it never become zero instead it go up to thousands of dollars until now. So,let us say, if the demand will decrease or their is no demand at all (Which is impossible) the bitcoins value will not become negative instead it will remain at the value where there is no buyer or demand. It means the value will become zero but not become negative. We can't compare the crude oil to bitcoin because they have different nature,usage and value.

Reatim

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a few days ago there was news it never will be 0 on bitfinex

Surely that all exchange will never admit that claim because the very first to be affected is their businesses.
How can you expect investors will stay if they admit the Zero value in future of bitcoin.

and besides only fool will buy this stupid story,imagine pricing more than thousand of dollars as i speak coming from $20,000?
this is a 10 year run so expect that increase instead of decrease.

Panic is our enemy and this is what those Fud spreading wanted to happen so let us not help them win,we must keep our Heads up and instead of selling?better buy more and more.

nguyenvl159

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Unlike oil, Bitcoin does not have funds for delivery. So it's just not possible.

Janation

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I think I agree to some that it can also drop to that price but will never stay there, it will just go back up.

The scenario I am thinking is the Satoshi Nakamoto good and evil theory. Since he is holding a million bitcoins, if he is good, he will be holding that Bitcoin and if he is bad, he will be selling that huge amount to take it down. It is just a theory but with that huge number, I know the price will drop and there will be others that'll follow.

As I said, it can still go up from there. It might not even reach zero since I think it will just skyrocket after dropping.

matchi2011

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No I don't think that it would ever happen to Bitcoin just imagine how would it be if it become negative value how would the new investor get some Bitcoin?
For me it is hard to believe that it could go back into being 3 or 2 Digit what more into the negative value.

For now, it's not possible as there are many people who already using this system, aside for being an assets for
investments there are also
businesses and establishments that caters this system and already adopt the use of this for payment transactions.
It's depends from how the supporters will embrace or dumped this assets.

Shasha80

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In my opinion it is not possible for Bitcoin to be negative in value, even though the price of Bitcoin continues to drop
to the lowest, Possibility zero in value. But that is very small possibility that Bitcoin zero in value can be seen that
Bitcoin demand has increased. This is what makes the price of Bitcoin go up. So I never hesitate to invest in Bitcoin.

thecatinc

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Bitcoin is certainly valuable but Bitcoin can never be negative because it isn't a stable currency the worth is low and high but if the worth goes up we will easily make a profit cryptocurrency is additionally referred to as digital currency alternative currency or virtual currency.

Correction: No currency would ever be negative - They can only equal to 0. The prices of oli was negative because they cannot find a place to store them.
Correction 2: A value of something is determined by the equilibrium.
Correction 3: Don't have the mindset of Bitcoin is a "get-rich-quick" thing. It is not. The value behind it is from the miners and the technology behind it.

PS: IF Bitcoin [or any other cryptocurrency] were to be in negative in value, simply, you just need to burn your private keys/seed (or send it to a burn address). (note: Most exchanges DO NOT Support trades in NEGATIVE terms so I suppose that this would be very unlikely to happen).

JamesOlly

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This is better question in its core, than it seems at first place.

“Value” is always different for same object/service to different people. I give You sample from BDSM world. Some people pay money, to be whipped, while I would pay NOT to be, leave room and mistress the same for both cases. You should easily see, how differently me and the other person value some… service?

Now, this is also conver table to product and objects. I now for sure, that BTC is a scam, and whilst many who lose eventually real dollars in there, are just greedy bastards who eager for free effortless income, there are definitely exceptions. For example loving grandmother giving grandson live savings for “investment” so that he could start his own independent life. She is a victim. BTC separately has zero value for me (I really would not pay a penny), but the fact, that we are dealing with scam here and possibility of hurting that lovely grandmother, lessen value of BTC for me even lower. In fisherman words: “I would not take BTC, if You paid me to do so.”

So yes, its possible to have a negative value. myessayplanet.com

Nalbo

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Oil price was negative for a brief moment as there were no more storage left and the pumps were not turned off to check the demand.
For bitcoin even if the demand plummets, there would be no constrain of storage as miners and any trader can store any amount of bitcoin without any cost and even offline.

Wenbing

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There is gold in volatility..

Quote from: pgbit on May 03, 2020, 12:54:31 PM

The price of bitcoin can never be negative because the selling price in the current cryptocurrency market works a lot. Bitcoin can hold the number one position as a developing country in the world at present so we need to read it in a positive market to bring it to a better position with the developed world banking. The system is being launched and bitcoin through banking as the price level at which we can say with payment in bitcoin never negative, can not be expected to be positive, it's always something to positive, then we will be able to market in valuable.

It has been proved in this thread that Bitcoin can't be negative even if the worst is to happen because unlike oil we don't pay to store Bitcoin.

But, from your remark, I want to say that bitcoins may not always be the number one digital currency in the market.

With the innovation of other coins in the market if bitcloins don't innovate too it can be displaced in ranking.

Anyways, anything can happen in an imperfect world like this until we have earth 2.0 (lol).

pgbit

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The price of bitcoin can never be negative because the selling price in the current cryptocurrency market works a lot. Bitcoin can hold the number one position as a developing country in the world at present so we need to read it in a positive market to bring it to a better position with the developed world banking. The system is being launched and bitcoin through banking as the price level at which we can say with payment in bitcoin never negative, can not be expected to be positive, it's always something to positive, then we will be able to market in valuable.

MicroGuy

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Quote from: Wenbing on April 22, 2020, 01:02:28 AM

I was shocked for reading a market breaking new as strange as this.

I paused and reflected again and again by applying this condition to other market assets.

I read from Blomberg that the price of crude oil has declined into a negative of $-37.63/barrel.

What will happen to countries that depend solely on crude oil revenue?

What will happen to the investors in crude oil?

A very serious reflection is that fact that, is it possible for bitcoin value to also drop into the negative?

What if the following happen:
1. A ban in the demand for bitcoin and a ban in the use of bitcoin.
2. Backing off of bitcoin miners from the business of mining?

Could these causes bring the value of bitcoin to something similar to the historic oil Price drop of $-37.63?

What do you have to say about this?

Bitcoin became a negative value is impossible because of the our innovative era or technology. Bitcoin in the future will be the main currency in the world because of versitile of this currency.

If the current proof of work Bitcoin were to become the main currency in the World, we would all be left breathing hot ash from the smoldering remains of our cooked earth.

Wenbing

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There is gold in volatility..

Quote from: obanqueiro on April 22, 2020, 05:21:25 AM

I have read a few threads why its actually associated with oil price what to do with BTC

Fine statement. This is how its associated with BTC. Agree first that the economy are parts that fits together.

Do you know there are certain oil investor's that also invest in BTC or cryptocurrency. So, if there money go down the drain that'll affect the demand for BTC...
when the demand for BTC is less price will plummeted.

So, there is a chain reaction when any variable adjust in an economy.

Quote from: pixie85 on April 28, 2020, 04:25:26 PM

Quote from: ?? on ??

Negative doesn't mean below 1 dollar. It means below the price of mining.

You actually have a solid point with this lines. For a better understanding can you explain what you mean by those terms and what can cause BTC to take negative values based on your example?

[moderator's note: consecutive posts merged]

Topic: Can Bitcoin Become Negative in Value? (Read 1340 times)