We should expect many to be coming from the people even as at the moment they are seeing that bitcoin is performing well, we are no more in the time of fear of missing out, but some will be lurking around to find one or more things to say about bitcoin that could make others get discouraged, we have to know this that bitcoin is not going to fail us if we are interested in making the rightful application of how its being expected of us, this begins with the way we learn about it, how we often realized the need for this digital currency over any other form of currencies and the time frame we have targeted to make an investment in it for our profitability.
Topic: Can Bitcoin Drop to Zero? (Read 1358 times)
In the title of the OP's question, it is possible for that to happen with other cryptocurrencies, but in my direct answer, which is about Bitcoin, it is impossible for that to happen. Especially in these times or times when there are more institutional investors who are saving now for the upcoming bull season.
Nowadays, investors are more focused and concerned about Bitcoin after seeing more price increases in Bitcoin over the years and no longer think that Bitcoin will go to zero. And it has also encouraged many other cryptocurrencies to continue to rise because the market is still improving at the moment, especially this month so many people may no longer think about Bitcoin going to zero after seeing the price increase that has continued so far.Quote
Most of them really do not waste the opportunity to buy Bitcoin every day, as long as it depends on the profit they get from their businesses. The more the number of bitcoin holders increases, the more its demand increases.
And the price will also be better in the market because when holders can continue to buy more and more Bitcoin, of course the price will continue to increase if the demand in the market does not decrease. Now is the time to continue to take advantage of any opportunity as long as you can get a profit because moments like this year are very rare so many people will not just pass them by. 
In the title of the OP's question, it is possible for that to happen with other cryptocurrencies, but in my direct answer, which is about Bitcoin, it is impossible for that to happen. Especially in these times or times when there are more institutional investors who are saving now for the upcoming bull season.
Most of them really do not waste the opportunity to buy Bitcoin every day, as long as it depends on the profit they get from their businesses. The more the number of bitcoin holders increases, the more its demand increases.
There's no such thing about being impossible specially on crypto space on which we know that everything could go to zero when it comes to value or price which everything could really be able to lose up its value Most of them really do not waste the opportunity to buy Bitcoin every day, as long as it depends on the profit they get from their businesses. The more the number of bitcoin holders increases, the more its demand increases.
which it would really be that depending on the demand and recognition of a certain project or coin. Yes, Bitcoin is really that sitting on the top or with the ranking but it wouldnt really be an assured thing
that it would really be lasting up forever but even though these kind of probabilities could happen but it is really that hard to believe that it could happen with Bitcoin.
It is already that been supported for a decade and could potentially on its second one and now that ETF has been approved then it is really that hard to believe that it would
really be that cease to exist.
In the title of the OP's question, it is possible for that to happen with other cryptocurrencies, but in my direct answer, which is about Bitcoin, it is impossible for that to happen. Especially in these times or times when there are more institutional investors who are saving now for the upcoming bull season.
Most of them really do not waste the opportunity to buy Bitcoin every day, as long as it depends on the profit they get from their businesses. The more the number of bitcoin holders increases, the more its demand increases.
Most of them really do not waste the opportunity to buy Bitcoin every day, as long as it depends on the profit they get from their businesses. The more the number of bitcoin holders increases, the more its demand increases.
I agree that bitcoin won't be worth much forever, but going to zero makes very little sense right now.
If someone believes bitcoin will eventually go to zero, then they should not be a holder like a holder who is optimistic about bitcoin's future. Increasing real use cases, growing adoption as well as more industry growth will keep bitcoin competitive in the market. Traders will always trade it, adopters will use it as currency, and so will investors.
Nothing is free from risk, including bitcoin and its future. In fact, we never know how long Bitcoin will dominate the crypto market capitalization when competition to be the best is always pursued. So risk considerations certainly cannot be ignored.
If someone believes bitcoin will eventually go to zero, then they should not be a holder like a holder who is optimistic about bitcoin's future. Increasing real use cases, growing adoption as well as more industry growth will keep bitcoin competitive in the market. Traders will always trade it, adopters will use it as currency, and so will investors.
Nothing is free from risk, including bitcoin and its future. In fact, we never know how long Bitcoin will dominate the crypto market capitalization when competition to be the best is always pursued. So risk considerations certainly cannot be ignored.
~
And what's the different between theoritical and practical drop to zero for BTC?
And what's the different between theoritical and practical drop to zero for BTC?
I mean, sure, theoretically anything can happen. We could face a nuclear catastrophe, our sun could go supernova, or an asteroid could collide with Earth and wipe out all life. Or, Bitcoin could just up and tank to nothing someday. But realistically that is not happening anytime soon. For BTC to completely crash, some wild stuff would have to go down.
Ironic question to consider right now but its highly relevant in terms of market appreciation of the whole spectrum of sentiment to trade that is possible. Despite the highs occurring now we have to on balance consider the opposites also true, BTC continually has the dynamic of forgetting where it was just 6 months ago. When we go up with strength we the collective market as a mass think it lasts forever and equally the giant amount of gloom in the most negative prices is excessive. Both extremes represent inaccuracy, so I find this thread not obvious but still relevant to consider in the mood and volatility always present underneath the skin of BTC price action.
Reality is nothing gets certain as long as the market remains highly volatile. Though bitcoin price is seen to be reaching its peak, but it’s not a guarantee that it will forever push its price upward and reach a new all time high. We have to be more realistic with bitcoin. We have to be certain at some point that bitcoin will reach a point that it’s price will no longer surge high, but will instantly drop to zero when we least expect it and become totally worthless in value.However, it’s not yet happening now so let’s focus on its present performance in the market. Learn to take advantage every opportunity that comes as no one holds the future of bitcoin, it might possibly reach a million but it has also high chances of dropping its price to its dips without chances of recovery.
-snip-
I never believe in predictions made by theorists, I always believe in my own thoughts and predictions. Many theorists have predicted bitcoin will go to zero I never believe that bitcoin will go to zero but I believe that bitcoin is not zero and will go above $100,000 in 2024. Also, I think the popularity of Bitcoin will increase as the day goes by and as the popularity of Bitcoin continues to increase, the value and demand for Bitcoin will increase which in turn will increase the price of Bitcoin much more.Whatever the risk, it is still a risk regardless of how large or small the potential for it to occur. After all, it is unwise to put 100% of your budget into bitcoin without considering any risks, so consider the above theory as a warning message that should not be completely ignored.
It's possible if every investor withdraw their money from bitcoin, but that won't be happening in this reality unless government forces everyone to do that, people are rushing more into bitcoin, expecially thsi bull run, lots of new investors are coming in and fueling the price to go even higher, so this won't be happening.
We are expecting bitcoin to rea h a new ATH this year above it past ATH of 62k to 100k, that's cool rightm so my advice instead of listening to theorist, get started on your investment in bitcoin ASAP.
We are expecting bitcoin to rea h a new ATH this year above it past ATH of 62k to 100k, that's cool rightm so my advice instead of listening to theorist, get started on your investment in bitcoin ASAP.
Former deputy governor, BOE believes Bitcoin can drop to zero. I wonder what his opinion is at the moment.
"Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.
And what's the different between theoritical and practical drop to zero for BTC?
Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.
I never believe in predictions made by theorists, I always believe in my own thoughts and predictions. Many theorists have predicted bitcoin will go to zero I never believe that bitcoin will go to zero but I believe that bitcoin is not zero and will go above $100,000 in 2024. Also, I think the popularity of Bitcoin will increase as the day goes by and as the popularity of Bitcoin continues to increase, the value and demand for Bitcoin will increase which in turn will increase the price of Bitcoin much more. "Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.
And what's the different between theoritical and practical drop to zero for BTC?
Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.
in theory it is possible to fall to 0 because all objects that have a price can fall to 0 or lose their price. but logically it seems impossible because bitcoin has a limited supply and currently there are more and more bitcoin investors. I guarantee that even if there is a very big negative issue hitting crypto or bitcoin, the price of bitcoin will not fall to 0.
Quote from: CODE200
It can theoretically but in real life, I don't think so because people aren't going to let that happen anyway because there's a lot of people that have an interest that they can't afford for bitcoin to go away, it's especially true for rich people that are into bitcoin like a billion dollars into deep so they can't afford for that to happen unless something out of their control happens. Bitcoin going to zero is going to take a lot of effort to be pulled off anyway and a whole lot of resources at that to do it for real.
It will be difficult for zero price to manifest physical because, it will make some hodlers to give up on BTC and it will not encourage others companies to be bold to invest in BTC than to think another coin that will make them feel good when they invest in the due season. I don't think such thing will happen to BTC and, if such thing happen to BTC, it will surely affect billions who used BTC to grow themselves to the stage they are right now and the condition of the price show that it will not be possible for BTC users to see zero price again.
So theoretically YES
Practically NO
This. Theoretically any asset can go to zero. Gold can go to zero. Bitcoin can go to zero. Apple can go to zero.
Practically though, Gold and Bitcoin will likely only ever increase in price. Any company, Apple for example at $3 trillion, is much more likely to go to zero than Bitcoin, because its a business and it could always lose its competitive advantage. Bitcoin is a perfectly hard currency so it is very unlikely anything in the future could ever overcome its lead in globally strong network effects. And since it is perfectly hard supply capped the best anything could do in that regard is simply be equally as good (I wouldn't say an actual deflationary currency would be better because the end game for that kind of currency is that it literally doesn't exist anymore!). So practically let's say it has a 0.00000000000000000000000000000000001% chance of going to zero, and a 99.999999....% chance of going up for the very very long term. The only thing I'd put at a smaller chance of going to zero is Gold, because its got thousands of years of history behind it and is also used for in electronics and aesthetics.
Former deputy governor, BOE believes Bitcoin can drop to zero. I wonder what his opinion is at the moment.
"Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.
And what's the different between theoritical and practical drop to zero for BTC?
Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.
"Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.
And what's the different between theoritical and practical drop to zero for BTC?
Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.
Theoretical validates the possibility. A lot is theoretically possible and yet not practically possible.
In terms of practicality, Bitcoin would only drop to 0 if no one sees value in it anymore...if the blockchain gets hacked or does not function as it has to-date, then it will become useless to everyone. If there is no demand to meet supply, it can go to 0, or very close to it. However neither of these are relevant now and most likely will not be relevant for the foreseeable future.
There is absolutely no reason to believe that Bitcoin will lose all of its demand. Therefore it's currently not practically possible for it to lose all of its value.
Ironic question to consider right now but its highly relevant in terms of market appreciation of the whole spectrum of sentiment to trade that is possible. Despite the highs occurring now we have to on balance consider the opposites also true, BTC continually has the dynamic of forgetting where it was just 6 months ago. When we go up with strength we the collective market as a mass think it lasts forever and equally the giant amount of gloom in the most negative prices is excessive. Both extremes represent inaccuracy, so I find this thread not obvious but still relevant to consider in the mood and volatility always present underneath the skin of BTC price action.
With all of that in mind, I still do not think that zero is possible. Just the value of having bitcoin is worth more than that. I understand that there are plenty of stuff that can ruin the current situation and that is why we think that there is a possibility that this may not happen, but at the same time I also believe that we are going to most probably end up with a return that will benefit us all.Just because there are possible bad things, doesn't change the fact that zero is way too low, if the question was to go under 20k again, I would say maybe, but the price going under 1 dollars? Like literally be zero? I do not think that will ever be possible. We are going to do fine, and not going to get to zero ever.
Yes, anything can happen, gold or any asset can become worthless, so we should not rule out the scenario of bitcoin falling to zero. But looking at what's going on and what bitcoin has achieved, the possibility of that happening is very low and almost zero. I'm even quite confident that if it happens, it won't happen in the near future, in our generation. So we should not waste time thinking about those things and always be skeptical about bitcoin. Meanwhile, many others take advantage of that time to accumulate bitcoin and enjoy life as bitcoin prices increase.
If it's a possibility, then you can be sure it will happen, and nothing is impossible, especially if World War Three happens and the internet can't be used. It's certain that no one will want to trade anymore.But as long as it is still normal like now, it seems very difficult for this to happen. It must be remembered that many are waiting for the opportunity to go down, but after it is deemed that the decline is feasible, many people rush to buy, and in the end it goes up again and so on, and it is difficult to do so. becomes zero.
I agree with you; don't be skeptical because it will reduce the opportunity to continue saving bitcoins so you can make a profit.
Why? you wont really be that making yourself that stressful or really that always mindful about your investment. The bad thing or wrong thing on what others been doing is that they are investing their
life savings on which on the time that the market do make out some reds then this is where they would be starting to panic.
-#-
Former deputy governor, BOE believes Bitcoin can drop to zero. I wonder what his opinion is at the moment.
"Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.
And what's the different between theoritical and practical drop to zero for BTC?
Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.
"Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.
And what's the different between theoritical and practical drop to zero for BTC?
Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.
So what I'm reading here is an answer to a question which was about "Crypto Currencies" in general.
Look at the language he uses in his answer "Their price can vary quite considerably and they could theoretically or practically drop to zero."
not "Its price can vary quite considerably and it could theoretically or practically drop to zero."
Ok lets answer the OP's question with my opinion
Theoritically Bitcoins price can drop to zero if the internet is switched off for example, why
would the interned globally be turned off?
Practically if Bitcoins price were to suddenly drop to lets say $5000, what will happen? at
least everyone in this community will buy as much as they can.
So theoretically YES
Practically NO
Ironic question to consider right now but its highly relevant in terms of market appreciation of the whole spectrum of sentiment to trade that is possible. Despite the highs occurring now we have to on balance consider the opposites also true, BTC continually has the dynamic of forgetting where it was just 6 months ago. When we go up with strength we the collective market as a mass think it lasts forever and equally the giant amount of gloom in the most negative prices is excessive. Both extremes represent inaccuracy, so I find this thread not obvious but still relevant to consider in the mood and volatility always present underneath the skin of BTC price action.
Yes, anything can happen, gold or any asset can become worthless, so we should not rule out the scenario of bitcoin falling to zero. But looking at what's going on and what bitcoin has achieved, the possibility of that happening is very low and almost zero. I'm even quite confident that if it happens, it won't happen in the near future, in our generation. So we should not waste time thinking about those things and always be skeptical about bitcoin. Meanwhile, many others take advantage of that time to accumulate bitcoin and enjoy life as bitcoin prices increase.
If it's a possibility, then you can be sure it will happen, and nothing is impossible, especially if World War Three happens and the internet can't be used. It's certain that no one will want to trade anymore.But as long as it is still normal like now, it seems very difficult for this to happen. It must be remembered that many are waiting for the opportunity to go down, but after it is deemed that the decline is feasible, many people rush to buy, and in the end it goes up again and so on, and it is difficult to do so. becomes zero.
I agree with you; don't be skeptical because it will reduce the opportunity to continue saving bitcoins so you can make a profit.
Why? you wont really be that making yourself that stressful or really that always mindful about your investment. The bad thing or wrong thing on what others been doing is that they are investing their
life savings on which on the time that the market do make out some reds then this is where they would be starting to panic.
Bitcoin can drop to zero? Possibly, on the time that the people would be leaving out on something better then this could happen.
When? no one really knows or it wont really be actually happening anytime soon.
Yes, anything can happen, gold or any asset can become worthless, so we should not rule out the scenario of bitcoin falling to zero. But looking at what's going on and what bitcoin has achieved, the possibility of that happening is very low and almost zero. I'm even quite confident that if it happens, it won't happen in the near future, in our generation. So we should not waste time thinking about those things and always be skeptical about bitcoin. Meanwhile, many others take advantage of that time to accumulate bitcoin and enjoy life as bitcoin prices increase.
If it's a possibility, then you can be sure it will happen, and nothing is impossible, especially if World War Three happens and the internet can't be used. It's certain that no one will want to trade anymore.But as long as it is still normal like now, it seems very difficult for this to happen. It must be remembered that many are waiting for the opportunity to go down, but after it is deemed that the decline is feasible, many people rush to buy, and in the end it goes up again and so on, and it is difficult to do so. becomes zero.
I agree with you; don't be skeptical because it will reduce the opportunity to continue saving bitcoins so you can make a profit.
Jump to: