How it will go to $0 again? - page 6.

bit1

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Quote from: dinda22 on April 08, 2016, 11:09:13 PM

Quote from: OrangeII on April 08, 2016, 10:37:58 PM

I'm sure it will not happen, bitcoin is a technology that is constantly evolving into a better direction, even bitcoin able to transform the economy of a country. I am not sure that the price will go back to 0$, that would be waiting for the gold price to 0$. The only happen if there is no internet in this world

anything can happen, we do not know whether bitcoin will continue to grow for decades to come. but I believe that bitcoin will last quite a long time for 10-20 years. so I never thought that we would return $0, even $100.

Thats true,

The road seems to be heading in that direction, A $0 is unlikely on next decades.

Halmater

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Quote from: fkvidar on April 16, 2016, 04:36:51 PM

Quote from: dinda22 on April 08, 2016, 11:09:13 PM

Quote from: OrangeII on April 08, 2016, 10:37:58 PM

I'm sure it will not happen, bitcoin is a technology that is constantly evolving into a better direction, even bitcoin able to transform the economy of a country. I am not sure that the price will go back to 0$, that would be waiting for the gold price to 0$. The only happen if there is no internet in this world

anything can happen, we do not know whether bitcoin will continue to grow for decades to come. but I believe that bitcoin will last quite a long time for 10-20 years. so I never thought that we would return $0, even $100.

Yeah that low value is not possible with bitcoin now, as it is stable now and it will continue to rise in future too, and halving will surely help us to see much better price.

The short term bottom is around $380. The price will not go down to $350 unless a flash crash happens.

fkvidar

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Quote from: dinda22 on April 08, 2016, 11:09:13 PM

Quote from: OrangeII on April 08, 2016, 10:37:58 PM

I'm sure it will not happen, bitcoin is a technology that is constantly evolving into a better direction, even bitcoin able to transform the economy of a country. I am not sure that the price will go back to 0$, that would be waiting for the gold price to 0$. The only happen if there is no internet in this world

anything can happen, we do not know whether bitcoin will continue to grow for decades to come. but I believe that bitcoin will last quite a long time for 10-20 years. so I never thought that we would return $0, even $100.

Yeah that low value is not possible with bitcoin now, as it is stable now and it will continue to rise in future too, and halving will surely help us to see much better price.

Qartersa

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Quote from: dinda22 on April 08, 2016, 11:09:13 PM

Quote from: OrangeII on April 08, 2016, 10:37:58 PM

I'm sure it will not happen, bitcoin is a technology that is constantly evolving into a better direction, even bitcoin able to transform the economy of a country. I am not sure that the price will go back to 0$, that would be waiting for the gold price to 0$. The only happen if there is no internet in this world

anything can happen, we do not know whether bitcoin will continue to grow for decades to come. but I believe that bitcoin will last quite a long time for 10-20 years. so I never thought that we would return $0, even $100.

I know if there is good development of bitcoin, the price will continue to grow. We will not see $300 again.

dinda22

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Quote from: OrangeII on April 08, 2016, 10:37:58 PM

I'm sure it will not happen, bitcoin is a technology that is constantly evolving into a better direction, even bitcoin able to transform the economy of a country. I am not sure that the price will go back to 0$, that would be waiting for the gold price to 0$. The only happen if there is no internet in this world

anything can happen, we do not know whether bitcoin will continue to grow for decades to come. but I believe that bitcoin will last quite a long time for 10-20 years. so I never thought that we would return $0, even $100.

OrangeII

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I'm sure it will not happen, bitcoin is a technology that is constantly evolving into a better direction, even bitcoin able to transform the economy of a country. I am not sure that the price will go back to 0$, that would be waiting for the gold price to 0$. The only happen if there is no internet in this world

The Sceptical Chymist

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SNOT going to happen. As long as there are gamblers, perverts, and computer geeks who need to transfer wealth to each other, bitcoin will survive. I'm 99.9% sure of that.

At one point I was pretty sure it was going to die, and there is a possibility it can drop back to 2009 levels. Stranger things have happened in the world. But I doubt it--it's gained way too much traction.

angaper

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It would be needed a real planetary catastrophe to see that price again, and that is why I don't believe it is possible, my friend.

BitsandBites

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The price can only go to 0 euro of people lost faith in bitcoin. Which can happen if some new cutting edge technology comes and/or it will be banned to use bitcoin.

RodeoX

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The revolution will be monetized!

Quote from: lissandra on April 08, 2016, 03:17:40 PM

Quote from: RodeoX on April 08, 2016, 02:59:05 PM

I remember when they were pennies and we were over the moon at the high valuation. Bitcoin is a computer program and does not need your money. There is no price that bitcoin must be at to survive.

I`m sure it doesnt need our money. But we need the valuation based off of something which is our fiat - current system.

But that would mean all the VC money is waste, because they expect a return on something someday?

Oh yes it would be a mess if we dropped to say $50. Many mines would go bust, many VC funded projects would be dashed. But, there is no reason that the system would not work. Although some would lose confidence.

lissandra

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Quote from: RodeoX on April 08, 2016, 02:59:05 PM

I remember when they were pennies and we were over the moon at the high valuation. Bitcoin is a computer program and does not need your money. There is no price that bitcoin must be at to survive.

I`m sure it doesnt need our money. But we need the valuation based off of something which is our fiat - current system.

But that would mean all the VC money is waste, because they expect a return on something someday?

RodeoX

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The revolution will be monetized!

I remember when they were pennies and we were over the moon at the high valuation. Bitcoin is a computer program and does not need your money. There is no price that bitcoin must be at to survive.

Kopplex

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Quote from: iram66680 on April 08, 2016, 10:15:05 AM

Quote from: Kopplex on April 08, 2016, 10:10:07 AM

I believe it will never drop to 0$ , even if it's dropped to 100$ (4-5 month ago if i remember)

It never dropped that low 4-5 months ago, it has always hovered around high $200 to low $300 around that time. Maybe 4-5 years ago Cheesy

If it was that price half a year ago, don't you think there would be more people here trying to sell?

I just checked in http://www.coindesk.com/price/ it's dropped to 177$ the January 2015 not 100$ and not 4-5 months ago , sorry Cheesy

btc-facebook

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I think it's impossible to happen this year as I can see many have adopt bitcoin as their currency.
For example :
Hotel ( bali ) , restaurant ( Netherland ) , workplace ( Philipines ) and many will come as bitcoin existence getting noticed more worldwide

iram66680

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Quote from: Kopplex on April 08, 2016, 10:10:07 AM

I believe it will never drop to 0$ , even if it's dropped to 100$ (4-5 month ago if i remember)

It never dropped that low 4-5 months ago, it has always hovered around high $200 to low $300 around that time. Maybe 4-5 years ago Cheesy

If it was that price half a year ago, don't you think there would be more people here trying to sell?

jod_doj

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it will never go to such price to be honest, i doubt there is a possibility that the price might drop that hard right now because all people cant lose interest all at once

though if it would happen i believe most whales that own bitcoin would have to dump it all making people want to sell that too and the price would quickly reduce to really low numbers then

Kopplex

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I believe it will never drop to 0$ , even if it's dropped to 100$ (4-5 month ago if i remember)

Lokfar

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It will be not drop to that low, as you can see you will know that the value will rise in the future soon because the halving is also coming and that can be nice for Bitcoin, you are not for sure.
But it wont drop it is now stable enough to keep that value and maybe it is going to rise soon.

thejaytiesto

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Quote from: Qartersa on April 08, 2016, 08:18:14 AM

If the bitcoin price drops to $200, that will be the end of the bitcoin. The mining cost is more than $250 now.

Not really, if people stop mining, the cost of mining would go down because the difficulty for mining would go down: It will be easier to mine due hashing going down. Someone will always find profit out there, Bitcoin self regulates itself, it cannot die no matter what price it is at.

iram66680

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Quote from: stromma44 on April 01, 2016, 12:06:33 PM

I don't think that is possible that bitcoin can get to $0 as its now time for grow and it will break many records in future so the price will be more higher in future.

It can not go to 0 without a steady decline since it's inception it is that volatile, even for bitcoin that is unprecedented.
That scenario is like saying the sky is falling, when actually it isn't Roll Eyes

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