Topic: Can Bitcoin Drop to Zero? - page 6. (Read 1349 times)

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?

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).

There is a reason why bitcoin will not reach zero because something strong will be much more capable of maintaining its value. Bitcoin has become so widespread in terms of adoption that many companies and individuals have seen the impact of its presence in influencing the financial system. A strong background regarding losing value is impossible because bitcoin is not a global currency but an alternative and to hit bitcoin to zero there is no strong and clear representation.

Only some people are worried about how the value will become zero and what Bitcoin has provided actually shows how strong Bitcoin's journey is in a market full of obstacles. For example, the case of Covid and geopolitics and even though it affects Bitcoin, it is only temporary, while in the long term we still see an ATH process that may occur in the future period.

Why is there always a stupid question about bitcoin will reach ZERO price, even though since bitcoin was created bitcoin has never touched ZERO and it never will. seeing the growing bitcoin and crypto community ZERO will not be a downturn that will occur. But this question always remains, is this some kind of Soft FUD or just asking what the effect will be when Bitcoin reaches ZERO. Don't think about ZERO, but think about the new ATH that Bitcoin will reach soon.

It's not just about how many people will suffer or experience difficulties when Bitcoin goes to zero. But it will also be researched as best as possible why it can become zero when Bitcoin's popularity has increased over time in every year through whatever means, I don't think that Bitcoin will become zero as long as there are still many transactions taking place among the public through any exchange.

And as long as the level of fame continues to increase in society in all countries, it will make it difficult for Bitcoin to return to zero again in terms of value and price. So this is very simple for everyone to understand and feel based on the evidence that we have seen together. on many media and also on many exchanges that are often used by crypto traders and investors themselves.

Would really always depend on the demand and recognition on which we know that this one would really be that determining about into its price but we do know that when it comes to other factors then this is where
manipulation  could possibly effect in overall movement on which it cant really be avoided that dumps and crashes is really that possibly could really happen into this space.
Bitcoin can go drop to zero? Anything could happen into this market on which there would really be no assurance when it comes to future but currently seeing on how known and widespread Bitcoin is
globally then we can really tell that it is really that have huge potential.

This is why it would really be that important that you should really just invest on the amount on which you can afford to lose and never ever make yourself having that all in thing.
People do usually wrecked up themselves on the time that they would really be going all in and anticipating or expecting that much.
They do forget about that risks factor thing.

It is true that thanks to its decentralized nature, the scenario of bitcoin losing value and falling to zero is much more unlikely than other projects. But ultimately, the value of bitcoin depends on our supply and demand. So if we can create a project that performs better than bitcoin and our need for it disappears then it is entirely possible that bitcoin price could go to zero. Many people are confident that no better project than bitcoin will be created in the future and they look at current altcoins to evaluate. But I don't agree with that point of view because the future is unpredictable. Just like no one would have thought that Satoshi could create a decentralized currency like bitcoin until it was created.

I think all these your thoughts is very possible because there is one constant that doesn't ever changes and that would be change itself, everything is possible but yet impossible too like you have stated the value and demand for Bitcoin now has made it impossible for the price to drop that low and also their is the fact that it's nature of decentralization makes it different from all other crypto because centralized own coins market value can be altered by different scandals targeted at the owners of the coins but with Bitcoin it's different cause no one owns it or for a fact the owner is actually missing.

If he used the word "They", I'm pretty sure he is referring to altcoins and we all know that altcoins do tend to have such natures, and many altcoin projects have gone to zero and we call it a rug pull where the developers dump all their tokens on the market and run away with the funds while other holders get no liquidity to sell their assets and the project dies at that point. He can't refer to Bitcoin using that word, and he can't say things like that about Bitcoin if he has at least a little bit of knowledge about it.

And since he also said it could theoretically happen, it pretty much clears the meaning that even he knows that Bitcoin or all of the cryptocurrencies could never go to zero all of a sudden unless every single cryptocurrency user in the world stops using cryptocurrencies all of a sudden, there would be no transactions, no buys and sells nothing, but that doesn't sound realistic which is why he used the word theoretically.

Bitcoin going to zero is impossible for me, when there are still many people buying it then the price will remain there. In theory it might be possible but in my understanding it is not possible.
There is a lot of news spreading FUD where bitcoin will reach zero price, it is said that there are no takers, this coin is said to be rubbish and that is said by people who don't like it, they prefer fiat so they say that.
Fud news will never go away, it will always appear to corner Bitcoin.

It is really that hard to think that Bitcoin could come to zero specially now that adoption and recognition is really that gradually spreading throughout the globe. Somewhat there are really places or corners of this world on which it do prohibit on using up Bitcoin due to some legal issues but now that we've seen that ETF's had been approved then it would really be that hard not to have those kind of positive feelings towards it considering that its never been that something been expecting to happen in the first place. No one had really that anticipated about ETF approval but somewhat having this does have that its cons too.
Well, it doesnt matter as long recognition and adoption is really that getting higher and higher as the years passing by on which this is something that we do really need on.

Indeed, the former deputy governor of the Bank of England suggesting that Bitcoin could hit zero is quite an intriguing notion. It really makes you ponder. Can the price drop to zero when, as of today, Bitcoin is trading above $40k.I see it as a strategic move—publicly downplaying Bitcoin to potentially accumulate more at lower prices))) So many statements can be read many times; you need to have your own head on your shoulders. Tomorrow, there might be a new statement from these people with a different opinion

It's possible but look at where it is now. The support from a lot of investors, hardcore Bitcoin fans, and now they are putting Ordinals in Bitcoin chain. Will it happen in the near future? I doubt that. But again, it is possible.
Maybe what you read is just scattering FUD and you will see more of that as Bitcoin keeps on rising after the ETF approval. There are still people who are pessimistic about Bitcoin and you cannot take that away from one project. There will always be those who are against its technology but the number of supporters are higher than them. They are just trying to shake the belief of those who are into Bitcoin.

Right, anything can happen and bitcoin going to zero is no exception, but with what is happening, bitcoin going to zero has a very low probability and is very unlikely. Life is full of surprises and the future is something no one can predict. So it would be an exaggeration to say that bitcoin will never go to zero, but it would also be silly if we didn't invest in it to make a profit and wait for it to disappear. Everything has risk and the choice is everyone's, in this world nothing is certain or absolutely safe.

Bitcoin is now popular with people in almost all countries. I hope all transactions can be done through Bitcoin in next ten years. Bitcoin has become very popular. Hope it can be better in future. Bitcoin will never go to zero. I think Bitcoin.  If it ever drops to zero, many people will suffer huge losses.

That's my answer why I'd say it is impossible. It can go very low but not to the point that's going to be zero. And as for Bitcoins, there have been lost forever for which that there's a retained value for each of those and that's why there's still value even if the entirety of what people may think of it as zero.

I'll just replace it with an unlikely or highly unlikely.

For which that can justify the proof and argument of what you've said that I agree.

Theoretically...
Man can travel outside the Solar System, Earth can be destroyed, extraterrestrial smart humanoids exist, and so on.
Theoretically there could be a global nuclear war, or a solar flare could turn off power and stop all electronic communication.

Bitcoin will not go to 0 as long as there's even a single buyer willing to get it at the price of $1 and I personally know people who would buy it as long as the protocol works. If there was no way to send bitcoin, blockchain stopped working, there was no miners, no nodes, I wouldn't buy it, but try to convince all these people to sell at a loss. Tell a million people that they should dump their mining equipment and theirt bitcoin and be miserable for the rest of their lives, knowing they were building and participating in this ecosystem for nothing.

The British pound can drop to zero, did anyone ask him that question of possibilities.   His answer if honest would be of course a piece of paper can revert to the simple thing it is which is just a note promising an exchange with no fixed worth so that worth can be zero.   Bank of England already realized a loss of nearly 99% of its value, he is a bit late to the party to say others can lose 100% as if he stands on a record of clear superiority.

Far harder for that to happen.

but for BTC to zero out it has to be effortlessly pulled from any wallet and we would have bigger issues.

For gold to become worthless humans would need to have zero access to electrical power.

Gold is the best material for power. So if it dropped in price to be under copper it would be use instead of copper for power.

If it drops in price under aluminum it would be used instead of aluminum .

BTW aluminum was more valuable than gold in the 1800's as it was harder to produced than gold.

To op BTC will have value until cryptography becomes as easy as 1+1=2

We are all taking risk it will be right you know that anything could happen at any time, only that there are certain things that their possibility of taking effect is just out of context even though it could still happen.

But for bitcoin to go down zero level there are things and people that must have gone into extinction the entire users (community) of bitcoin, however I will just assume this news to be one of many FUDs we have always encounter in this crypto industry especially on bitcoin.