Topic: Can Bitcoin Drop to Zero? - page 2. (Read 1349 times)

Bitcoin can not fall to zero because if bitcoin fall to zero that means that nobody will trust the technology of bitcoin, because the technology of bitcoin is something that people have already have trust issues with it, so it fall to zero many people would not like to invest in bitcoin any longer because the hope that the price of bitcoin will rise and also gives us a profit will be out of many people mind and that will bring the downfall of bitcoin, so even the people who is a watch dog over bitcoin investment will not like bitcoin to fall to such extent so that the technology will not lose values

The only time that Bitcoin would come to zero is neither the trust of people had transferred out into other coin/projects, there are some issues technically or talking about quantum computing or whatsoever.
There's always that possibility and this is something that could really happen. We do know that there's no such thing about being permanent into this world on which it would really be just that right that you should really know on what you are doing and you should really know on what are the risks involved when it comes to crypto investment. Always diversify and just dont go all in with Bitcoin so that whenever this one fails
then you do still have other options on which you could really be able to recover on. This is why it would really be important to consider on having those multiple investments on which it isnt really just that
limited to crypto but also a mixed up ith those traditional investments as well.

If it is just possibility in general, then of course there is a chance for its value to drop that low. However, as we xan see in the present, more people are getting to know this blockchain and fortunately more people are also becoming interested as well as companies and mainstream markets. It is just hard to view that possibility given that we're all biased of how this industry could grow more in the future. Even if there is a possibility, what's the best thing to do? That is simply to make use of it as long as its there. Even with human race there is a 'possibility' for extinction but do we mind about it? Same thing goes with the market price of Bitcoin if you are one who fears of such thing. And if ever that day comes, it won't drop in an instant to don't worry that much. Stressing of it won't do you any good so just mind its benefits for now.

Becoming zero due to cases such as the internet not functioning, making more people unable to access the internet and crypto exchanges is certainly very possible. But without such a case, it is clearly quite impossible to go zero on Bitcoin considering that there are still many fans and enthusiasts who will hunt for Bitcoin when the price corrects. Apart from that, from the trading laws themselves, it also makes sense that Bitcoin will not go to zero because there are still many people who are hunting for it at a certain price at any time.

If bitcoin has the ability to increase in price, there is no reason why the possibility of bitcoin decreasing in price, or even falling to 0, cannot happen. The value of bitcoin depends on our needs, why don't we try to think that at some point the need for bitcoin will no longer exist and people will create a more attractive game than bitcoin?

Before bitcoin was created, no one thought anyone would create a decentralized asset, and it wasn't until Satoshi created it that people accepted it. I mean any scenario is possible and I won't rule it out, we humans are very smart and can create more great inventions with time.

I think I also agree. There are too many fans of bitcoin, how will bitcoin ever get to zero?
Remember that if supply is small and there are many people interested, the price will automatically increase because whoever pays more will get it [trade law].
So it is not surprising that if Bitcoin is corrected to a low price, many people will scramble to own it, and the price will automatically increase again.
Could it be zero? There's always the case, that the internet network doesn't work anymore.

if the question is whether bitcoin can go to zero, then the answer is yes. However, there would be a lot to consider than that, and the chances are very small. it could be zero because basically bitcoin has a volatile price, and the fluctuations are very high. If no one is using it anymore, or there's no way to use it anymore, it's possible the price could be zero. However, the possibility of this is very small, because the basic aspects of bitcoin have become indispensable nowadays, such as internet access. it is a very basic thing that can make the price of bitcoin go to zero, but if the internet did not exist, then world development would experience a setback, and this thing would be eliminated almost to zero, and even continue to be developed to be better.

Different people have different theories and opinions about Bitcoin but the impact of these people's opinions on the value of Bitcoin has never been observed. If someone has expressed the opinion that the value of Bitcoin will reach zero, then he has expressed his own opinion. Currently, there is no environment for the price of Bitcoin to reach zero, and the control system of Bitcoin is not in the hands of a third party who can bring it to zero at will.

The value of bitcoin could be zero in the following cases

- there is a global internet outage
- All the miners suddenly left and the blockchain stopped working
- swap to another coin to speed up transactions and reduce the size of the blockchain
- Bitcoin trading is banned on exchanges.

Even if bitcoin gives up the top spot, it will still have a price.

As long as there is supply and demand in the currency market BTC will be fine. If it says it will be Zero like the OP above, this achievement is like seeing a miracle if the altcoin can return to its initial price when it falls.

If someone wants to sell bitcoin at this time it is the wrong time. we will incur losses because of this decision. First, we lose money if our purchase price is at a high price and also we lost the opportunity to get the highest price ever when bitcoin finished halving.

I think this is impossible because currently Bitcoin already has many users and investors. I still have a small amount of digital assets in the form of USDT and I will use all of those assets if one day the price of bitcoin drops to the point I have determined. This means that every time the price of Bitcoin drops to a certain point, there are investors ready to buy Bitcoin.

The U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin ETFs on Jan. 10, 2024. Until then, the regulators had been reluctant to approve any spot bitcoin ETF applications.so looking at their carefull actions and policy making.i don’t think Bitcoin can drop to zero.

If the demand for any product is high, it is natural that the price of that product will increase. There are no instances where the customer has interest but the product or object is worthless. I mean that the demand for Bitcoin is increasing and its supply is limited so there is no chance for its price to decrease. Bitcoin price may be affected in the market, even though the price of Bitcoin may drop significantly, it does not mean that Bitcoin will become worthless.

Since the cryptocurrency market is highly volatile, there can be various rumors about the price of Bitcoin. So an investor should not worry about any such situation like unnecessarily rather the price will be high in the future. Investors must think positively.

Anything could really happen when it  comes to investment and doesnt matter on where you do make yourself getting involved with.Bitcoin can drop to zero? Anything could really be possible but we cant really be able to tell whether it would happen or not on just simply basing up into its current condition or recognition does it have in the market today. The only key on here is that you should really be just that invest on the money that you could afford to lose then you wont really be stressing yourself whether Bitcoin would go to zero or not. It would really be just that only having that 2 possible outcome on which you would neither be earning profit or not.
We've been already here for a decade+ on its existence and there are tons of those when goes to zero? is it dead? kind of lines that we could see around but look at on where it is now?
You wont really be that so numb on not to see those things and differences and its benefits comparing into those traditional investment.

Wrong thought patterns are not worth following or trusting so the solutions just need to be avoided without being listened to because wrong thought patterns usually won't make sense enough to be debated. I actually believe more in some of the things you say than those who immediately say Bitcoin will go to zero without linking it to several other big things like in the example you said. So, act on this wisely for each of us without having to panic about what anyone says.

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.

You are in line with my view, we must have been in the state of an apocalypse for Bitcoin to move to zero($0), and this is certainly not possible. What I've noticed is that any asset that has been appreciated as much as Bitcoin has been appreciated can never move to zero ($0) anymore and the reasons are many. But first, we must know that a terrible thing must have happened to the Bitcoin market for it to happen like that, especially if all the government of the world turned their backs on the coin and started clamping down on all Bitcoin users, domains, apps, exchanges and all that. This is not feasible really but if it happens, the price of Bitcoin will terribly fall, yet, it will have a limit to the falling.

One and the most important reason that Bitcoin will not reach zero ($0) even if terrible things happen to it is that it is not everybody who will be able to sell their coins anymore. Some might be willing but will not have anybody to sell it to as no one will be willing to buy at that time. While some had died and still had their coins active. Some have a whole lot of the coin but their access passes have been lost. While some will not just be willing to sell the coin with the belief that it will rise again. So it will never get back to zero ($0) even with the worst situation.

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.

he has nothing to do with Bitcoin so let him be stupid enough to say whatever he wanted but this is almost far from impossible to happen , going back to zero? then what comes to dollar then if this happens? they are taking the decentralization of the world if the government had take down bitcoin.
and for this to have zero value then this should be the government action against crypto.and expect all of cryptocurrency will turn zero.

I use to believe that bitcoin price will just remain and be regulating in high value not until I started paying attention to things, for now their is slightly little opportunity to how this could happen but we still can’t say bitcoin price can’t return to zero it can’t happen at least not now but it can happen, let me just ask this question, what do you think will be the faith of bitcoin if the financial monetary system fails today? Everything will collapse before rebuilding will start up again.