Topic: Can Bitcoin Will be Zero - page 4. (Read 2007 times)
Its impossible for a popular currency to suddenly turn down to exact zero. Yes it may be tends to zero but not exact
In the morning I read the news where one of the leading multinational finance company stats that the “Bitcoin & Other Cryptocurrency will be zero”. So is it possible? If possible then which instructions should be followed getting out of debt?
Well, although currency failures are generally due to the kind of hyperinflation that is unlikely to happen to Bitcoin, but, there is always the potential for technical failures, currency competition, political issues and so on.
As a basic rule of thumb, no currency can be considered very safe from failure and difficult times. Bitcoin has proven to be reliable for years since its declaration and has great potential to continue growing.
After all, no one can predict that the future will side with or kill bitcoin.
It's zero on those banned countries but on countries on where it is accepted, it will not go to zero. People see the ease of transacting virtual currencies and they trust bitcoin more so it will still have a significant value.
of course maybe, bitcoin will be worth zero if bitcoin is already considered worthless and no one has bought bitcoin
The bitcoin boom is coming to an end. And the death of this short era of craziness regarding crypto currency is quite possibly the work of government regulators
Yes and No...The complications of the us tax agency might cause others to do business elsewhere (Like europe). when you can walk up to any merchant in the world and use bitcoin instead of cash, credit, or atm visa then bitcoin will continue to surge. Right now I think the lightning network is a blessing and a problem at the same time. short term no ones making money on mining but if the amount of transactions go way up and costs go way down then bitcoin + lightning will surge again. we might be going sideways for six months until this happens.
The bitcoin boom is coming to an end. And the death of this short era of craziness regarding crypto currency is quite possibly the work of government regulators
It is not possible because for that all the people of world need to leave the economy at same time and which is not possible
I think NO! The value of bitcoin will not go down to zero because nowadays it is very useful to the crypto world. Bitcoin may dump but it will not come to the point that it will become zero, besides bitcoin is the main or base of all altcoins. When the value will be zero so, all altcoins will become worthless. In addition to that no more investors trust bitcoin and it is a big loss to all bitcoiners.
why not? Cant you see bitcoin right now is going down and it is struggling to recover. Sooner or later bitcoin will become doomed and the bubble era will begin to happen again just like in the dot com bubble. altcoins wont also be affected with it because they are not related to bitcoins. Their prices and usefullness are totally different to each other, altcoins price is based on usd and etherium that is why altcoins have thier own market.
In the morning I read the news where one of the leading multinational finance company stats that the “Bitcoin & Other Cryptocurrency will be zero”. So is it possible? If possible then which instructions should be followed getting out of debt?
Yes it is very possible that the value of Bitcoin will become zero as in no more value at all. This is if no one will invest to Bitcoin anymore or all nations will against Bitcoin and declaring it an illegal investments but the good thing is currently most of the countries believed, adapt and supported Bitcoin investments that is why for now it is impossible for Bitcoin to become no value.
There is no chance bitcoin will ever be zero because as long as it exist it will always have a price
As long as there are investors and we are here bitcoin will remain to have value whether it's big or not but it won't go to zero. When it goes back to $6,000 or lower many will buy from that time and it will result for bitcoin to gain more of its value as investors will keep on investing. Now, some people will talk about difficulty adjustment, but there are those checkpoints which works as protection against a 51% attack. Core released 0.16 recently, so miners cant adjust the difficulty to below this threshold.
Sounds interesting but I'm not sure I understand, why can't they lower the threshold as of v0.16?
https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4730&HashingUnit=GH%2Fs&PowerConsumption=1293&CostPerkWh=0.12&MiningPoolFee=1
To mine 0.1319, using 1293w, you have a cost of $1359.20 per year.
Bitcoin is already below mining costs.
Now, some people will talk about difficulty adjustment, but there are those checkpoints which works as protection against a 51% attack. Core released 0.16 recently, so miners cant adjust the difficulty to below this threshold.
To go to zero, would mean that most of the miners would have to abandon the boat, and with less miners the network would be clogged, unless we also have less users, which will also probably happen. But who would mine it at a loss? Bitcoin would probably be dead before reaching zero.
To mine 0.1319, using 1293w, you have a cost of $1359.20 per year.
Bitcoin is already below mining costs.
Now, some people will talk about difficulty adjustment, but there are those checkpoints which works as protection against a 51% attack. Core released 0.16 recently, so miners cant adjust the difficulty to below this threshold.
To go to zero, would mean that most of the miners would have to abandon the boat, and with less miners the network would be clogged, unless we also have less users, which will also probably happen. But who would mine it at a loss? Bitcoin would probably be dead before reaching zero.
impossible to make bitcoin valueless at all.
Why is that exactly?
Can't imagine that's going to happen considering bitocin's market cap and price right now. It's possible that bitcoin will plummet down but impossible to make bitcoin valueless at all.
Its not possible ever, why? I will be there even only the person using the btcs in the world
In the morning I read the news where one of the leading multinational finance company stats that the “Bitcoin & Other Cryptocurrency will be zero”. So is it possible? If possible then which instructions should be followed getting out of debt?
This is just some speculation, and I don't think it will happen. It's hard to get bitcoin to die, and even if all the countries in the world ban it, its price won't go to zero unless the Internet is shut down, but I don't think it's possible.
My opinion is that the big banks are working at this very minute on their own crypto and it's a race to see who is the first one out. I did read that it is possible in years to come for a few cryptos to exist and people will have a choice of what to use. You can imagine it like this: Bitcoin is the "king", Ethereum is the "city" where bitcoin rules and ICO's are the "stores" in that city. Those stores can close-up anytime but the king and its city will still function as it was before. 
Nobody can tell what will happen to bitcoin but what we do know for sure is that right now, bitcoin is worth about $9000 and that is what matters. That bitcoin has value now and you have some to call you own.
There is no chance bitcoin will ever be zero because as long as it exist it will always have a price
for sure Bitcoin gonna win just because of it gonna much famous all over the world. a lot of people involving in bitcoin daily, some are continue investing in BTC, some company already accept BTC as a payment. so it may happen that bitcoin will win all challenges.
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