so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please
In today's condition where mass adoption of bitcoin is taking place and bitcoin is being legalized in some countries and some countries ready to legalize it,i think its highly impossible for bitcoin price to reach zero.It would only happen when there is no one ready to buy bitcoins.But today we could see that demand for bitcoin is growing. 
Topic: can my bitcoin drop to nothing (Read 5482 times)
It is possible. But what will happen if Bitcoin becomes worthless? What will happen to all these exchanges and crypto-markets? Will some other crypto-currency replace BTC? I doubt that, because alts such as Ethereum and Ripple are also heavily dependent on BTC.
Bitcoin will never become worthless as its growing now and we will see much powerful bitcoins in near future when more investors will start investing their money in it and it can only become worthless if internet disappears in future which is unlikely to happen.
It is possible. But what will happen if Bitcoin becomes worthless? What will happen to all these exchanges and crypto-markets? Will some other crypto-currency replace BTC? I doubt that, because alts such as Ethereum and Ripple are also heavily dependent on BTC.
It is nearly impossible to see your bitcoin's price to drop nothing.
There would be lot of people waiting to buy cheap, you can even include me in that list. That would make price go up again.
There would be lot of people waiting to buy cheap, you can even include me in that list. That would make price go up again.
so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please
No, do not worry about that, if you invest in bitcoin, you do not need to worry if its worth it, because its potential will help it thrive in the future.
No, that is not possible, bitcoin has become commonplace in some countries, it has become the only acceptable currency that is allowed to circulate in a country's monetary system.
Really? The only acceptable currency to circulate in a country's monetary system? Fiat is a currency, what we are using everyday is also a currency so you can't say it like that. Bitcoin is a digital currency, so maybe what you are saying is it is the only digital currency accepted in a country.
He used the wrong words, his language is not exactly correct, so you misunderstood him. I think he is talking about bitcoin as a single virtual currency accepted.
Whatever the time is and I think that nothing is perfect, 10 years ago nobody had ever guessed a bitcoin like this, but nobody make sure 10 more years again bitcoin could survive or will disappear.
I am sure that bitcoin wont disappear just like that,because the technology behind that is solid but we need to have upgrades accordingly to keep up with the technology and if these things are done in a proper time then there is no going back and no other coin could overcome bitcoin in my opinion.What you said is correct the technology behind Bitcoin is very strong and that is why lot of other coins are using the same technology and developing other project.
The fluctuation price is not gonna drop back to zero unlike before because there's a lot of miners of bitcoins. The difference is not that too far since we are progressing over time.
Whatever the time is and I think that nothing is perfect, 10 years ago nobody had ever guessed a bitcoin like this, but nobody make sure 10 more years again bitcoin could survive or will disappear.
I am sure that bitcoin wont disappear just like that,because the technology behind that is solid but we need to have upgrades accordingly to keep up with the technology and if these things are done in a proper time then there is no going back and no other coin could overcome bitcoin in my opinion.What you said is correct the technology behind Bitcoin is very strong and that is why lot of other coins are using the same technology and developing other project.
Whatever the time is and I think that nothing is perfect, 10 years ago nobody had ever guessed a bitcoin like this, but nobody make sure 10 more years again bitcoin could survive or will disappear.
I am sure that bitcoin wont disappear just like that,because the technology behind that is solid but we need to have upgrades accordingly to keep up with the technology and if these things are done in a proper time then there is no going back and no other coin could overcome bitcoin in my opinion. 
so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please
If you don't have to spend that amount of Bitcoin then just hold it. You don't need to be worry of being devalued because Bitcoin is still used by everyone so it can not be devalued in this time and very far future.Yes as long as many will use bitcoin it will not get devalued. Better think many times before you spend it into some not so important things or you just regret it afterwards.
Some 3-4 months back, I never thought that such a possibility may arise. But now it is a real possibility, although the chances are extremely low. Jihan Wu is the biggest threat to Bitcoin right now. If things go in his way, then he can demolish Bitcoin.
I'm not familiar with him, what kind of influence does he have? How can he be such a threat to bitcoin?
I've found some yt video about him talking about segwit, asicboost and a few more things.
Jihan Wu is one of the biggest name in the crypto world. If we discussed here about him maybe we are going to be out of the main point of the thread. Also it's more interesting if you do some readings on some of the websites/articles about there about him.
Hit that Google search and you can find lots of information about him and some of the main issues you might be interested of.
Some 3-4 months back, I never thought that such a possibility may arise. But now it is a real possibility, although the chances are extremely low. Jihan Wu is the biggest threat to Bitcoin right now. If things go in his way, then he can demolish Bitcoin.
I'm not familiar with him, what kind of influence does he have? How can he be such a threat to bitcoin?
I've found some yt video about him talking about segwit, asicboost and a few more things.
I think that everybody, besides those who desperate needs money, should hold their coins, because of the prognosis of the future growth is positive. Bitcoin experts are saying that the price will reach 4000-5000$ during the year after Segwit and adoption by big companies and legalization in several developed countries.
so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please
In my opinion in the virtual currency field everything are volatile , I means to say that the price may be rise to 1000% ( usual.for many coins ) and also many times the price get down and became stable for long run .And few coins sometimes get down very low , and no one bought at 1 Satoshi rate , so Many types of the coins are available to buy that can get St very low value or 1 Satishi which is totally useless .
But Bitcoin is only the one which has really a big stability and there is no chance to get down because Daily daily news persons entering in this field with the use of the Bitcoin and about 80% of altcoins trading are possible only due to btc .
So here you don't need to get dear to loss , here you need to 2nd week of August , and then you will find that the value of the Bitcoin going increasing .
so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please
In my opinion in the virtual currency field everything are volatile , I means to say that the price may be rise to 1000% ( usual.for many coins ) and also many times the price get down and became stable for long run .And few coins sometimes get down very low , and no one bought at 1 Satoshi rate , so Many types of the coins are available to buy that can get St very low value or 1 Satishi which is totally useless .
But Bitcoin is only the one which has really a big stability and there is no chance to get down because Daily daily news persons entering in this field with the use of the Bitcoin and about 80% of altcoins trading are possible only due to btc .
So here you don't need to get dear to loss , here you need to 2nd week of August , and then you will find that the value of the Bitcoin going increasing .
Some 3-4 months back, I never thought that such a possibility may arise. But now it is a real possibility, although the chances are extremely low. Jihan Wu is the biggest threat to Bitcoin right now. If things go in his way, then he can demolish Bitcoin.
Whatever the time is and I think that nothing is perfect, 10 years ago nobody had ever guessed a bitcoin like this, but nobody make sure 10 more years again bitcoin could survive or will disappear.
so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please
If you don't have to spend that amount of Bitcoin then just hold it. You don't need to be worry of being devalued because Bitcoin is still used by everyone so it can not be devalued in this time and very far future.
. You are really correct to use this word, we not know after SegWit2x can helps Bitcoin and crypto market can recovery or not, maybe as 2013-2014 the price will continue falldown and the bubble growth of cryptocurrency in 2017 will end in that time 
so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please
Its impossible to happen and bitcoin wont dropped again on $0 value even though its volatile. If that thing would happen not only you would suffer but all bitcoin users specially who invest millions of dollars on it. So there nothing to worry and im glad that you did enter on bitcoin world and that moving up and down on price is just really a normal thing on here.so I got my first 40$ worth of bitcoin i noticed that the that the 40$ goes up and down. Im scared that it will go to 0$ is this possible?, Should i spend my bitcoin on a giftcard? any help please
Its impossible to happen and bitcoin wont dropped again on $0 value even though its volatile. If that thing would happen not only you would suffer but all bitcoin users specially who invest millions of dollars on it. So there nothing to worry and im glad that you did enter on bitcoin world and that moving up and down on price is just really a normal thing on here. Jump to: