Can Bitcoin Drop to Zero? - page 5. | Bitcointalksearch.org

yudi09

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Quote from: ShowOff on January 19, 2024, 09:55:25 AM

Quote from: yudi09 on January 19, 2024, 09:40:14 AM

-snip-

-snip-

But will that actually happen? I hope not anytime soon although we never know what will happen in the long term. Bitcoin and its network are still safe today and if someone doubts its future, then let them be with all their assumptions. But however, this is a risk that might need to be considered.

I really hope that won't happen to Bitcoin for decades to come. Back again to reality, if everyone who is now continuing to try to own Bitcoin from small amounts to large amounts, suddenly stops their activity of carrying out transactions, just letting Bitcoin settle in their wallets, then the price will not be 0, but very expensive.
I agree, let this unreasonable assumption persist in people who think the price of Bitcoin will go to 0. While other people continue to adopt Bitcoin every day on the remaining Bitcoin in circulation.

Maslate

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I believe bitcoin has its own ending, but we still don’t know for now when it’s going to happen as we are still taking advantage on its current high price. But we all know bitcoin is not all the time on top of others, it will also have its own time to drop its price and see its value end in zero. Probably in the future it will, when people have found another crypto that has more potentials than bitcoin, so when it happens, bitcoin will lose its demand until it starts to vanish in the crypto market.

Lanatsa

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Quote from: Jegileman on January 19, 2024, 05:24:53 PM

Quote from: OddJobsForBitcoin on January 11, 2024, 05:24:08 PM

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 don’t know the person that made this statement but it is very obvious that this person is an enemy of bitcoin technology, he is confused but will still spread propaganda about bitcoin and sway away people from not investing in bitcoin.

If bitcoin price can turn to zero, we should by now already seeing signs of it but till date, it looks very promising to break boundaries beyond which we can think of. Many things are being anticipated for bitcoin this coming halving, why will it now turn to zero? This is just a baseless say without any fact to back it up.

Bring it up more wailers, but bitcoin will continue to strive irrespective.

Telling about becoming zero or having no value doesnt automatically means that it is really that against bitcoin technology on which these are also questions raised by to those noobs or who are really just new into this market on which they would really be that skeptical in regarding with their Bitcoin holdings or to their investment and this is why they would really be ending up on having this kind of question on which we do know that this is something that we cant really be able to avoid for those mouths on saying but sooner or later they would really be able to realize on whats the real deal. Theyll realize once they do
able to make themselves to learn up those necessary informations that would come up naturally or they would be able to encounter.

We've been here for a while now or simply being here a decade.When it comes to value then it would really be that questionable because no one could really be able to predict
on what are the things that could happen in the future and this what makes things truly that questionable and this is why you should really know on when to
to go with the waves in terms of investment.

Jegileman

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Quote from: OddJobsForBitcoin on January 11, 2024, 05:24:08 PM

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 don’t know the person that made this statement but it is very obvious that this person is an enemy of bitcoin technology, he is confused but will still spread propaganda about bitcoin and sway away people from not investing in bitcoin.

If bitcoin price can turn to zero, we should by now already seeing signs of it but till date, it looks very promising to break boundaries beyond which we can think of. Many things are being anticipated for bitcoin this coming halving, why will it now turn to zero? This is just a baseless say without any fact to back it up.

Bring it up more wailers, but bitcoin will continue to strive irrespective.

AnonBitCoiner

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Quote from: Mr. Magkaisa on January 19, 2024, 10:52:58 AM

Do you believe that the value of bitcoin will drop to zero? Maybe no one who believes in the crypto community here in this forum believes in the topic we are talking about today in that regard.

Yes exactly no one can think that bitcoin price will ever go to zero because if the price of bitcoin become zero then every other coin will also become useless because every single coin is totally dependent on Bitcoin's Fluctuations.

The worth which is attained by bitcoin is impossible for other coin to attain and also no other coin is more successful than bitcoin so it is not true that bitcoin price can go to zero. And in the situations like this when the Bitcoin ETF has approved and also halving is near then the price will go higher instead of going to zero value.

Mr. Magkaisa

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Quote from: OddJobsForBitcoin on January 11, 2024, 05:24:08 PM

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.

- Now that the SEC has approved the bitcoin spot Etf, its price in the market is even more uncertain. It is very impossible for that to happen because there are big companies that can buy Bitcoin for the allocation they want to make.

Do you believe that the value of bitcoin will drop to zero? Maybe no one who believes in the crypto community here in this forum believes in the topic we are talking about today in that regard.

ShowOff

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Quote from: yudi09 on January 19, 2024, 09:40:14 AM

Quote from: OddJobsForBitcoin on January 11, 2024, 05:24:08 PM

-snip-
Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.

Anything could happen in theory including the price of Bitcoin going to 0 from the current trading price of $41,339. This could happen even more if everyone is no longer interested in buying Bitcoin in all markets that trade it. If that is done today, then today within hours the price of Bitcoin will decrease to 0.

Bitcoin is for people who already know about it, so as long as there are people selling it and as long as there is the ability to buy it, then they will do it.
People who don't know or have never even heard of the name Bitcoin, maybe when it is sold at a price of 0, they won't want to buy.

The governor who believes the price of Bitcoin will be worth 0, in my opinion he has a unique mind that is not the same as the thinking of the people he leads.

So far it is difficult to say bitcoin will go to zero if there are basically no extraordinary events that affect it. If bitcoin and its network become insecure and everyone is harmed by it, then perhaps bitcoin will lose a lot of its price and may go to zero.

But will that actually happen? I hope not anytime soon although we never know what will happen in the long term. Bitcoin and its network are still safe today and if someone doubts its future, then let them be with all their assumptions. But however, this is a risk that might need to be considered.

EarnOnVictor

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Quote from: Smack That Ace on January 18, 2024, 05:55:06 AM

Quote from: EarnOnVictor on January 18, 2024, 03:43:07 AM

Quote from: huu78 on January 14, 2024, 11:05:33 AM

Everything could happen, even Apple shares could drop to 0, if no one uses the product.
the same thing with bitcoin, I see that there are more and more users so the possibility of bitcoin dropping to 0 is getting smaller.

You guys will not cease to amaze me, well, we learn daily, and maybe you will educate me today about Apple company. When did Apple's shares drop to zero ($0)? This is so strange to me because even if anyone does not have any interest in the company again, not some key people there who are die-hard people of the company. For this, there is no way it will drop the zero ($0) unless they do not want to have a single dime in the company they form.

As I wait for your response, I also believe that Bitcoin can never, I repeat, never drop to zero ($0). Do you know why? It is because it is not possible for everybody to move out their money out of it. There are categories here, and some people will always still believe that the coin will resuscitate and will not move their money regardless the condition and the sentiment of the market, while many will want to move out their money but there will not be any way to do that because people will not be willing to buy what they want to sell.

This will surely keep the price of Bitcoin afloat at certain lower levels, but definitely not zero ($0) price. Fine, the price of Bitcoin can fall, especially when there is news that causes so much fear, for instance, if the government of the world just stopped allowing Bitcoin, or worse. These can cause panic selling in the market and will lead to huge dumping of the coin to lower levels. As you can see, it will cause sharp drops, but still, it will only later stabilise at certain low prices, but certainly not zero ($0).

Well, I think what the OP wants to say and what everyone means is that bitcoin can also plummet and can become useless. What everyone is talking about is that the demand for bitcoin may disappear, and when the demand disappears, the value of bitcoin will also disappear. And that is completely possible, anything can happen, bitcoin or apple shares are no exception. Maybe it won't happen in our generation, and we don't have a crystal ball to know the future so don't be sure of anything about the future.

Hahaha, so you still want to find an excuse for him even with the clear statement that it can get back to zero ($0)? Even the Apple company remarks? Well, I think the guy made himself perfectly clear and he didn't mince words here, you can also judge through his confidence in writing. That is why I pushed a question to him but he is yet to reply to me, that's if there is anything at all to reply. If it is as light as you said it, everyone would know that, who didn't know that stocks can fall and so as Bitcoin when something bad happnes, but the two getting to the zero ($0) level with the initial level of success is what I do not understand and that is what I would like the guy to still shed light into.

I am always open to learning and constructive conversation.

yudi09

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Quote from: OddJobsForBitcoin on January 11, 2024, 05:24:08 PM

-snip-
Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.

Anything could happen in theory including the price of Bitcoin going to 0 from the current trading price of $41,339. This could happen even more if everyone is no longer interested in buying Bitcoin in all markets that trade it. If that is done today, then today within hours the price of Bitcoin will decrease to 0.

Bitcoin is for people who already know about it, so as long as there are people selling it and as long as there is the ability to buy it, then they will do it.
People who don't know or have never even heard of the name Bitcoin, maybe when it is sold at a price of 0, they won't want to buy.

The governor who believes the price of Bitcoin will be worth 0, in my opinion he has a unique mind that is not the same as the thinking of the people he leads.

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Quote from: Finestream on January 19, 2024, 04:22:27 AM

I guess even the most successful investor in bitcoin these days is still open to the idea that bitcoin will eventually become useless in the future which might drop its value into zero. Truth be told that there’s no innovation that exists forever, people will always find something new relevant and become the apple of their eye, and eventually leave bitcoin into its non-usage.

It might not be possible this year or in the next year, but certainly, when there’s a better version of bitcoin that will come, the old version will definitely be forgotten. Even Satoshi was already aware of that.

As long as mining is alive and the exchanges are working, nothing threatens Bitcoin. Even if it falls to zero, it is unlikely that we will be alive by that moment. Each halving, the demand for Bitcoin only grows and there are correspondingly more holders, we can safely say that in the next five years we will not see the decline of Bitcoin, it will be a very valuable and scarce asset, there is no doubt about it.

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Quote from: Finestream on January 19, 2024, 04:22:27 AM

I guess even the most successful investor in bitcoin these days is still open to the idea that bitcoin will eventually become useless in the future which might drop its value into zero. Truth be told that there’s no innovation that exists forever, people will always find something new relevant and become the apple of their eye, and eventually leave bitcoin into its non-usage.

It might not be possible this year or in the next year, but certainly, when there’s a better version of bitcoin that will come, the old version will definitely be forgotten. Even Satoshi was already aware of that.

Yes, nothing is eternal in this world. Bitcoin could drop to zero and lose all its users, but not now. There must be something big as a definite reason why bitcoin has become zero, without that reason then bitcoin will always be valuable regardless of its value. Adoption is currently increasing day by day and year by year, so in the short term, bitcoin will not go to zero.

Finestream

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I guess even the most successful investor in bitcoin these days is still open to the idea that bitcoin will eventually become useless in the future which might drop its value into zero. Truth be told that there’s no innovation that exists forever, people will always find something new relevant and become the apple of their eye, and eventually leave bitcoin into its non-usage.

It might not be possible this year or in the next year, but certainly, when there’s a better version of bitcoin that will come, the old version will definitely be forgotten. Even Satoshi was already aware of that.

Smack That Ace

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Assalamu Alekum

Quote from: $crypto$ on January 18, 2024, 03:11:35 PM

Quote from: Smack That Ace on January 18, 2024, 05:55:06 AM

Well, I think what the OP wants to say and what everyone means is that bitcoin can also plummet and can become useless. What everyone is talking about is that the demand for bitcoin may disappear, and when the demand disappears, the value of bitcoin will also disappear. And that is completely possible, anything can happen, bitcoin or apple shares are no exception. Maybe it won't happen in our generation, and we don't have a crystal ball to know the future so don't be sure of anything about the future.

I myself do not believe bitcoin is becoming useless, people say the demand is not there, then the value will disappear then who will leave bitcoin? No everyone wants financial freedom they prefer bitcoin.

Precisely in my own mind where the further bitcoin goes in the future then it will be special at a high price, isn't that so? I see in terms of development so far then the future is not much different.
We know we don't have a crystal ball but don't be skeptical of bitcoin.

Before bitcoin, everyone was focused on gold, but then bitcoin came along and people started talking bad about gold. Satoshi was able to create Bitcoin in the face of everyone's doubts, which means that in the future it is entirely possible that someone else will create something better than bitcoin. I don't doubt bitcoin but that's how our world works, our world is not stopping but is growing very rapidly. But like I said, that probably won't happen in our generation, and bitcoin isn't going away anytime soon. So we have nothing to worry about.

Russlenat

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I am not closing doors that in the long run, bitcoin will still end up with a zero value and might be replaced with a new highly potential coin but it will only happen if there are no active bitcoin buyers by that time that will make its price unable to grow and become stagnant instead. If that happens, the crypto community might have abandoned bitcoin already and just leave its price resorting into zero value.

mirakal

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Leave as it is as it was also his point of view about bitcoin. But for crypto enthusiasts, we all know even if bitcoin drops to zero value, it will never settle on that but will surely recover again after some time. Although I still can't imagine if bitcoin will reach that point, but one thing is certain, as long as there are still who buy and sell bitcoin and continuously doing it, bitcoin value will never be stagnant but will continue to grow and reaches new all time high as much as possible.

A lot have been telling that bitcoin is dead and will end up going back to zero value, but I think the opposite thing happened instead. The more people question the value of bitcoin, I guess the more bitcoin will prove to them that it's value will always be worth and valuable.

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Quote from: rodskee on January 18, 2024, 03:56:42 AM

Who's this guy and what have he come in proposing bitcoin will drop to zero when he has no even knowledge of what is this.
Theoretically dropping to zero but the question is that, will this be happening as we believe this is not going to happen mate.
and also if you wanted to listen to that same person then you'll be leading to not so better idea because if the price even growing
strong over the years for 13 years now then where in the world that zero value will happen?

Sometimes this is funny to understand because the fact that is visible and has been happening in Bitcoin for more than 13 years is that there is always an increase in price after a correction. This means that offering a price when buying Bitcoin is a sign that it will be very difficult for Bitcoin to go to zero, unless it is just through the empty mind of someone who currently doesn't know what to think about Bitcoin Cheesy

. So I would also really agree that everyone doesn't need to hear ridiculous thoughts like someone said to the OP.

bangjoe

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Quote from: $crypto$ on January 18, 2024, 03:11:35 PM

Quote from: Smack That Ace on January 18, 2024, 05:55:06 AM

Well, I think what the OP wants to say and what everyone means is that bitcoin can also plummet and can become useless. What everyone is talking about is that the demand for bitcoin may disappear, and when the demand disappears, the value of bitcoin will also disappear. And that is completely possible, anything can happen, bitcoin or apple shares are no exception. Maybe it won't happen in our generation, and we don't have a crystal ball to know the future so don't be sure of anything about the future.

I myself do not believe bitcoin is becoming useless, people say the demand is not there, then the value will disappear then who will leave bitcoin? No everyone wants financial freedom they prefer bitcoin.

Precisely in my own mind where the further bitcoin goes in the future then it will be special at a high price, isn't that so? I see in terms of development so far then the future is not much different.
We know we don't have a crystal ball but don't be skeptical of bitcoin.

I agree with you sir, the thoughts that the OP expressed are thoughts that often came out in the past when bitcoin was still very difficult to access and only a small percentage knew about bitcoin, those who bought thought that bitcoin would become ZERO and would no longer be worth a few dollars At that time, their mistake was being skeptical about Bitcoin so they were indifferent, but time and developments have changed, everyone is talking about Bitcoin and demand is growing every year, and we can see from the ATL which is getting higher every year which proves that there are more and more strong holders.

It would be too stupid if you were skeptical of bitcoin during its development, we have not yet reached 10% global adoption of bitcoin, institutions have only entered recently. New bitcoin horizons look very wide every cycle, so how can that thought come and make someone doubt bitcoin.

Hamphser

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Quote from: $crypto$ on January 18, 2024, 03:11:35 PM

Quote from: Smack That Ace on January 18, 2024, 05:55:06 AM

Well, I think what the OP wants to say and what everyone means is that bitcoin can also plummet and can become useless. What everyone is talking about is that the demand for bitcoin may disappear, and when the demand disappears, the value of bitcoin will also disappear. And that is completely possible, anything can happen, bitcoin or apple shares are no exception. Maybe it won't happen in our generation, and we don't have a crystal ball to know the future so don't be sure of anything about the future.

I myself do not believe bitcoin is becoming useless, people say the demand is not there, then the value will disappear then who will leave bitcoin? No everyone wants financial freedom they prefer bitcoin.

Precisely in my own mind where the further bitcoin goes in the future then it will be special at a high price, isn't that so? I see in terms of development so far then the future is not much different.
We know we don't have a crystal ball but don't be skeptical of bitcoin.

If we do speak about the future, then there's no way that we could really be able to tell on where it would really be going and on what are the things that could happen along the way on which there's no assurance
that it cant happen because we know that the main factor on which a certain project would last is into its community support, once this thing would gone then it would be over for Bitcoin.It is really just true that believing into this thing to happen is really that hard considering that Bitcoin is the father of all crypto. It might be having those flaws or having those kind of issues or problem technically
but it does still work like a charm.

You would really be always having that choice whether you should really be sticking into it or not, It would really be that definitely be that depending on you
depending into your risk management and choices whether you should really be proceeding on or not.

$crypto$

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Quote from: Smack That Ace on January 18, 2024, 05:55:06 AM

Well, I think what the OP wants to say and what everyone means is that bitcoin can also plummet and can become useless. What everyone is talking about is that the demand for bitcoin may disappear, and when the demand disappears, the value of bitcoin will also disappear. And that is completely possible, anything can happen, bitcoin or apple shares are no exception. Maybe it won't happen in our generation, and we don't have a crystal ball to know the future so don't be sure of anything about the future.

I myself do not believe bitcoin is becoming useless, people say the demand is not there, then the value will disappear then who will leave bitcoin? No everyone wants financial freedom they prefer bitcoin.

Precisely in my own mind where the further bitcoin goes in the future then it will be special at a high price, isn't that so? I see in terms of development so far then the future is not much different.
We know we don't have a crystal ball but don't be skeptical of bitcoin.

Smack That Ace

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Assalamu Alekum

Quote from: EarnOnVictor on January 18, 2024, 03:43:07 AM

Quote from: huu78 on January 14, 2024, 11:05:33 AM

Everything could happen, even Apple shares could drop to 0, if no one uses the product.
the same thing with bitcoin, I see that there are more and more users so the possibility of bitcoin dropping to 0 is getting smaller.

You guys will not cease to amaze me, well, we learn daily, and maybe you will educate me today about Apple company. When did Apple's shares drop to zero ($0)? This is so strange to me because even if anyone does not have any interest in the company again, not some key people there who are die-hard people of the company. For this, there is no way it will drop the zero ($0) unless they do not want to have a single dime in the company they form.

As I wait for your response, I also believe that Bitcoin can never, I repeat, never drop to zero ($0). Do you know why? It is because it is not possible for everybody to move out their money out of it. There are categories here, and some people will always still believe that the coin will resuscitate and will not move their money regardless the condition and the sentiment of the market, while many will want to move out their money but there will not be any way to do that because people will not be willing to buy what they want to sell.

This will surely keep the price of Bitcoin afloat at certain lower levels, but definitely not zero ($0) price. Fine, the price of Bitcoin can fall, especially when there is news that causes so much fear, for instance, if the government of the world just stopped allowing Bitcoin, or worse. These can cause panic selling in the market and will lead to huge dumping of the coin to lower levels. As you can see, it will cause sharp drops, but still, it will only later stabilise at certain low prices, but certainly not zero ($0).

Well, I think what the OP wants to say and what everyone means is that bitcoin can also plummet and can become useless. What everyone is talking about is that the demand for bitcoin may disappear, and when the demand disappears, the value of bitcoin will also disappear. And that is completely possible, anything can happen, bitcoin or apple shares are no exception. Maybe it won't happen in our generation, and we don't have a crystal ball to know the future so don't be sure of anything about the future.

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