Topic: Can Bitcoin Become Negative in Value? - page 2. (Read 1296 times)

We never know what will happen in the future and we never know bitcoin will have a value or not in the future. Because everything can be happened on this world, especially with the media it can make something bad will go to a good thing and something good will go to a bad thing. I see bitcoin will be very usefull in the future, the technology is something that can't be separated by human being. Especially for transaction place, bitcoin can replace it. You can see how much price that will be spend for someone if he intend to transfer money? How many parties which are involved? And bitcoin can resolve it.

Funny thread

And - to bring in a completely new opinion - yes, it can become negative, for a short timeframe. The probability is extremely low, but it can happen.

Let's consider the following scenario:

Bitcoin has "died", i.e. nobody wants to buy it anymore, the blockchain has stopped to work. Basically the same scenario thousands of altcoins already are suffering from.

Now someone wants to "revive" the currency, for example if he quietly mined a lot of BTC alone for almost zero cost or got Bitcoins for free from people who stopped using it. However, people are so reluctant to use Bitcoin that they don't even accept it in the form of an airdrop.

So ok, what could this guy do? Well, offer money or another kind of gratification for people using Bitcoin. (This is basically what some ICOs/altcoins are already doing, if you think it well). Let's say he gives out 1 BTC to everybody and additionally gives 1 USD to the first 1000 participants of his airdrop who are proving that they're using a Bitcoin client. He hopes that after his airdrop finished, the currency would be again in use, and the price would start to climb so he can sell his remaining Bitcoins for a lot of money.

As he's the only market participant "selling" Bitcoin and he's doing so for a negative price (in my example, the price would be -1$), so the price of Bitcoin is becoming negative in this case (It would go to zero or higher again after his airdrop has finished, but the question wasn't that it can "stay" negative).

Actually that is possible, I witness some of the coin drop to 0 and comeback within a minute the reason behind this is with the certain exchange, there's one trader that got fucked-up and sell all of his holdings until it drop to 0 and some or buy until it got to millions. I don't remember that certain exchange but there's a issue in the past like that. It's possible but also impossible.

It's possible on a random exchange to happen but  impossible as a general, and as the whole bitcoin itself, I hope you are getting my point  

I don't know if that can happen, All I know is Bitcoin is different from oil. We all know that both rely on supply and demand, The recent oil crash reason is mainly the coronavirus. The oil storage of the company is so full because they can't sell oil very much in this situation. It is one of the reasons why oil experience a sudden dump. On the other hand, Bitcoin would probably crash into zero when i. Internet connection was cut all over the world (Bitcoin is unusable = no value) ii. All mining is stopped iii. End of the world. There is much reason but bitcoin price would step below zero I think.

I do not know if I am right or wrong about this, but from what I understood, the reason why the price of oil turned negative is because there is no one buying them. The sellers are even begging the buyers and paying them to buy oil. So in this kind of situation, for sure there is going to be a negative price. But in the case of bitcoin, I don't see that as something that's possible.

For Bitcoin to even drop to dollar, I think everyone that's into it and investing in it will have to quit from it, and that includes the exchanges. I can't even imagine such a thing happening. Bitcoin can't and won't drop to a negative price and that's it.

There's a huge difference between mining for Bitcoin and oil. Countries in the world can easily increase the volume of oil that they can produce as most of them are not producing at the maximum capacity. If this were to applied to Bitcoin, the increase in the difficulty every 2016 block would be enough to counter the effects of the increase in resources. Even if it is done to further their political agenda, the effect is fairly limited.

To the reason for the negative oil value; storing oil incurs losses and if there is no use for oil, it would make more economical sense to dump them off to someone else. Since no one wants it, they would pay people to get it off their hands. Bitcoin in comparison, doesn't incur any expenses and this scenario would never happen to Bitcoin.

You're just changing the definition of "negative", which is not what OP asked for. He asked if the price can be negative in mathematical sense, and the answer is clearly no, because Bitcoin doesn't have any big costs for storing/moving it, like oil does. The cost of mining isn't relevant much, it's miners problem, not holder's. And there's not even such thing as universal price of mining, every miner has their own bill that can be very different from what other miners have.

Unlikely? Try impossible.

Bitcoin will never go to zero. But I do see it dropping to around $500 in the next 3 years.

That's the thing! No one will ever stop people from investing in this crypto currency. It is one of the best investments you can have right now, and if you have it earlier, the better. If there will be some way for people to stop investing in bitcoin, then we can talk about this but even though there are a lot of scams, dumps, and hacks that are happening, people are still using it since they know that in the near future, it will give them a good profit.

But what makes people stop invest in Bitcoin? It is also rather impossible as I think a too small chance happens. Bitcoin is growing in adoption and the use of a digital payment tool. For me, it is a positive sign that Bitcoin can survive a long time. As it continues, it is doubtful to see the negative value of Bitcoin, even the value will be bigger because of its advantage.

There are people in bitcoin community who will not allow price of bitcoin fall to zero. These are bitcoin believers, maximalists, cypherpunks , etc. No matter what is happening with bitcoin, they keep believing in it and keep buying it especially when it falls. Although you know what. There is no such thing as "no demand for bitcoin".  Bitcoin is not just regular asset for speculation. It is a new technology that can not disappear after it once showed up. This is no demand for bitcoin, this is demand for the possibility to change our monetary system in the way that serves not only governments and banks, but all human beings in the world. Such a technology just cannot fall to zero.

Of course this will not happen to bitcoin because when there is no more demand for bitcoin then in the end bitcoin will die and also, bitcoin is not centralized and bitcoin has a limited supply which is very likely that demand will always be there until its value will at least continue to increase despite the level fluctuations in this market are huge but that is not a problem as long as bitcoin trading is accepted or recognized worldwide.

It had done it more than once in the past and can do it again. It's not like Bitcoin is immune to negative drops.

It was on the negative when it was trading for 300 dollars in 2015 and it did the same thing twice in this recent bear market. One time when it went to 3000 dollars in 2018 and briefly this year.

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

You just broke someone ribs @BrainBoss, am old and was advise by my Dr. to be more careful with joke that could possibly rib out my life  , sincerely speaking the oil negativity wasn't forecasted by some random soothsayers who are all the time at war with Bitcoin. Hope they learn that Bitcoin and cryptocurrency still make a good investment platform. In my opinion, from now to 2140 I can't see a negative value from this trending technology that some of us have seen as a save investment package.

First, crude oil sold only a portion of the futures contract that expired at zero, but the base price for effective futures did not fall. As for bitcoin , despite all these harsh conditions in light of the current crisis, it fights and continues to succeed, which proves that it cannot end so easily.

From the previous weeks, we are seeing the market price of the bitcoin rapidly falling down, but this is not the same like the other market price of the coins bitcoin does not have the capability to make more downward of the market price because most of the people today are using this kind of coins to make more sending funds and payment transactions so there is no chance that it will reach the negative value also we have the miners which are continuously making an producing more coins to the community. In the other hand, the bitcoin will never get a negative market value.

Bitcoin will never go to negative because it has demand that's not printable supply like paper money making inflation not possible and a revolutionary technology backing it up and it is not like the centralized monetary system that it has a single source of authority thus making it extremely difficult for banks or governments to shut it down.

I don't see any reasons or any scenarios that will make Bitcoin negative in value.

One thing more, don't compare what happened to crude oil to Bitcoin because they are 2 different assets. Its not the Oil's price itself that went negative but its the futures that went negative. The news media didn't state it again and left the readers misinformed.

It happened to Crude so there is still a chance that Bitcoin will go not to negative but to zero maybe but the chances of it is like in lottery or even lower. Almost impossible for it to happen.

You cant tell and yes, it might really be nearly impossible for that thing to happen but there would always be a possibility.
We wont know if there would be another crypto which would be more better than btc but that kind of possibility is nearly on zero.
Its really hard to believe that bitcoin would go negative in value but we should expect that there's always a chance but basing on its current
demand then its no surprise that people would have the same input.

Oil never turned to a negative price... Oil FUTURES contracts turned to a negative price. There is a big difference between the two.  Can bitcoin ever go to negative in value? Absolutely, why not? Bitcoin is far from having "made it".  As Andreas Antonopolous so often compares the life of cryptocurrency to.. we are just in the beginning stages just like the Internet.  "The internet of Money".  How many companies that were around and dominating internet wise back then, around today?  It's not a perfect comparison, but the point should be clear...things changes, and those first out, rarely maintain for long periods of time.  Bitcoin could be replaced by a bigger better crytpo coin, driving it's value to zero one day.  Anytime soon though I don't see it.  There are too many activities (illicit or not) that bitcoin has helped that I don't see if falling to zero anytime soon..but the possibility remains.