Topic: Can Bitcoin Become Negative in Value? - page 5. (Read 1295 times)

The OP is maybe confuse and wondering if the same price crash is going to happen with bitcoin, I must say that bitcoin could also be looking that way as what the crude industry looks like but it won't be in zero.
Aside if you seen bitcoin at $100 would not you buy it? lol everyone is dreaming bitcoin to be at the price as if it was back in the humble beginnings of bitcoin, probably around a hundred of bucks. Pandemic is hitting us hard now you can actually see it with the markets, but crypto is at the position of taking off for upcoming halving and I think this pandemic is not going to be a huge problem until the halving is over.

Worst case scenario it will have 0 value not negative, however, it's so unlikely as Bitcoin managed to keep its value through hard times. 

The chance to see bitcoin negative is the same chance than see the gold negative. Are things that never will happen... But why it happens with the oil? It was because people invest money in it, and when the oil company told them 'Where should i send the oil?' people start selling it like crazy. And some people were ready to pay for other ones to take those oil barrels.

If you ever worry about this, I promise I'll take them off your hands for free!

Still too early in our era. Let our grandchildren worry about that, assuming they invest in Bitcoin too

Supply of Bitcoin isn't perfectly inelastic. Supply of something is said to be perfectly inelastic when the price of such commodity has no impact on its supply. In real world, nothing is perfectly inelastic. In case of Bitcoin, supply of Bitcoin in the market increases whenever price rises or falls by high margins. Many investors who were reluctant to sell earlier, become willing to sell in such conditions. We consider market supply (not real supply) to evaluate whether a commodity is elastic or not.

Also not to forget that new Bitcoins are still being created, so supply is not fixed (which is another condition for perfectly inelastic market).

So this isn't the reason why Bitcoin can never be negative. The main reason why I think Bitcoin can never fall below zero is due to the computational work involved in its creation. Anything which is created by spending value (electricity) always possess value.

Hello everybody. I think that at the current level of manipulation, the value of bitcoin can take on any value, including negative ones. There is absolutely nothing to do with the nature of the market condition of an asset. Here the most important desire of the market maker. Any market is one huge lie. If the market maker cannot shake out certain liquidity from the market by his manipulations, why not take the most extreme step by lowering the price below zero. We can only be smart here - what bitcoin is widespread and cool. There is only one law - the law of the market maker.

Anyone can simply throw away his private key and get rid of his bitcoin. I believe there will be no short of throwing away the private key, the dust bin is enough to do so. So, no, Bitcoin can never go negative value.
However, bitcoin to be valueless will take at least a few decades from now.

Such can only happen in centralized project like crude oil not a decentralized coin like bitcoin, if bitcoin ever gets as low as $100 then the space is gone. Those in the tokenomics understand some of this and spend a lot to stay above some prices. It is also a result of politics and pandemic. At that negative I believe someone is already paying for it, Government most likely. The price is not really negative or less than $0, it means oil is in excess supply and no demand at all for it.

Take for instance, miners pays for the cost of electricity generation to mine bitcoins n the hope of paying the cost when such bitcoins are sold.

In the case of zero demand, do we still need bitcoin? It'll become worthless while the miners and investors will be hugely indebted.

You are just becoming sensitive to this kind of topic when crude oil and bitcoin is a different kind of thing to each other. Have you ever seen a currency that became negative in value? of course never. When Bitcoin will be banned in the whole world, there will be some kind of association that will accept it. As you can see right now, Bitcoin is going strong amidst this pandemic and that is one of the reasons why your speculation is never going to happen at all.

1. How does exactly do a government ban Bitcoin? The answer is they have no power to ban this technology even if they try it so hard they will never ever prevent people from using it. Even those giant countries like China can't ban Bitcoin.
2. Even there are a lot of miners that will back off there will be tons of miners that will enter the business because of the great opportunity that they'll see from it. For example when 10 miners are backing of there will be 20 or more miners that will surely enter the business.

For the people wondering if Bitcoins become negative in value they will be paid to buy some Bitcoins , well it is not true.
Firstly Bitcoins can never be negative trust me. They are far too popular to go tulips .
There are people waiting around this world for the Bitcoins price to hit bottom so that they can purchase as much as they can , also the government have seen acceptance of cryptocurrencies like Bitcoins everywhere.
Bitcoins it is a risky asset and therefore we are always a scared of loosing the money here but at the same time we have seen ups and downs , but it always excelled .
With the central banks and governments creating their own online government bank currencies , one can imagine how the acceptance of Bitcoins will grow over time.
In a crisis like this with banks and governments failing , Bitcoins is much more effective and efficient in providing a major breakthrough for everyone involved , it opens up the opportunities of overseas trading and which is unmatched by any governmental service .
Also I understand that Bitcoins is not a safe heaven , but let's be honest: what is ?
Even USD which was supposed to be a safe asset for millions of people , trading in it , crashed out suddenly and the situation is not set to improve in the upcoming year , proves that the government based assets reaches dead end at any pandemic , epidemic or war , we need a currency like Bitcoins to neutralize the situation.
To let people choose and expand their horizons . Besides providing jobs , it has been proven to provide opportunities + having international transfers safer and cheaper .

The same with me from the previous day the market price of the oil drops rapidly and this is not a piece of good news it hits all over the market price and today there are a lot of people asking too does the market price of the bitcoin becomes negative? The answer is absolute No. There is a chance that the market price of the bitcoin drops lower than 1$ but still, it has a value unlike the oil also we have the miners to keep up the quantity of the bitcoin because miners too are the responsible on it if they stop the supply of the bitcoin becomes limited and also today there are a lot of people accepting the use of the bitcoin as the use for a transaction and this is good because by now they are starting to build and promote the efficiency of the future transactions of the bitcoin.

After a brief read, the way those hackers managed to steal those 2K Bitcoins was quite amusing. Forcibly reduce the price to 1 cent and quickly snapped up all of them.

Theoratically it's possible for BTC to go to the negative (provided someone's willing to payto rid Bitcoins off his/ her possession), but there's absolutely no logical reason to do so. After all, one could just dispose of them by sending the amounts to some unknown address or changing the password to the wallet.

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

There are a lot of issues behind the negative value of crude oil including demand to be collapsed, storage and other factors.
In case of bitcoin, even if there is no demand, still BTC will not be negative value because no one will be needed to spend anything on storage. If you check what happened on mtgox hack, you will get that it is impossible to get negative value for bitcoin.

I agree that Bitcoin cannot have a negative value. I think it's deeply related to the way price formation and trading works. Here's a quote from a Forbes article about oil:
If you need to dispose of something because keeping it will involve additional costs, so you pay someone to take it, that's how you reach a negative price. Those who have BTC usually don't have associated risks of holding, so there's no need to pay someone to take your Bitcoins. This means that even if Bitcoin costs nothing, nobody would pay to get rid of it, and thus the price would never be negative. Even miners can just shut down but they surely won't pay people to take those Bitcoins miners mined.

It is True that crypto currency is volatile but anything can happen, but bitcoin going negative is not one of that.
bitcoin is not only the king of blockchain and crypto currency, it is widely accepted and even countries such as China, Korea and India atr beginning to embrace it.

If a country as large as usa finally express acceptance and widely adoption of bitcoin, the price would surge even higher

If there is no demand for Bitcoin, then the value will hit zero. It will not go lower than that. You aren't paying a rent for your wallet, are you?

Are you referring to these?


1. That ban has already taken place in the past and even until today. Bitcoin is still sticking around, right? If in case each and every country in the world bans the buying and use of Bitcoin, that does not necessarily mean Bitcoin will hit zero or a negative value. The online universe is as wide as the real universe. People can do as many things there. The good thing about Bitcoin is that a ban will remain just a mere word people can easily dismiss as nuisance. There is nothing to shut down really; there is nothing to padlock; there is nothing to takeover; and so on.

2. If every single miner is backing out, then Bitcoin becomes useless, zero in other words, but not negative. But whether it happens in real life or not is a different story altogether.