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Topic: If bitcoin goes to zero - page 39. (Read 4017 times)

full member
Activity: 434
Merit: 103
Thinking on the higher plane of existence.
December 23, 2017, 09:41:45 AM
Well, it depends on the reason that brought bitcoin down, if it's another cryptocurrency then no they won't be going down, but if it's something that makes people lose faith in all cryptocurrencies then the whole cryptocurrency market would crash.
I doubt that it will happen because most of tokens and coins have services included in it. And most of this services are valuable and will be in demand because we are still in developing the digital age.
hero member
Activity: 2758
Merit: 617
Leading Crypto Sports Betting & Casino Platform
December 23, 2017, 09:41:04 AM
Bitcoin is on the pick, then you don't think that it is not happened now and also nor in future. Even most super speculation is that in the coming time people will prefer to trader with digital currency and we will see that time will be come very soon. Now every one who know about bitcoin, he has a desire to buy bitcoin and hold it for a long time, then it is hard that bitcoin will come in zero price.        
member
Activity: 126
Merit: 10
December 23, 2017, 09:39:49 AM
Rest goes to zero as well?

Which is kinda weird. Everything is measured in BTC. Which makes it the digital gold and bridge between $ (real world) anf crypto.

You are talking about apocalypse right now. If Bitcoin will let's say become mainstream and it collapses, then yes, the world will colapse and conflicts wil arise.
newbie
Activity: 168
Merit: 0
December 23, 2017, 09:38:50 AM
I don’t think so price go to zero at this moment. I mean regardless of whether the cost dropping until just about zero on the grounds that the enthusiasm of the general population is as yet expanding and still an almost no number of individuals think about bitcoin. Dropping to zero would imply that the cash is of no significance.
full member
Activity: 490
Merit: 100
December 23, 2017, 09:37:39 AM
maybe one day bitcoin will reach a very low price but if bitcoin goes to zero, I think that's impossible.. as a virtual currency of course bitcoin will always have the value, although people are no longer interested in bitcoin..
sr. member
Activity: 560
Merit: 260
December 23, 2017, 09:21:51 AM
That's the wonderful thing about btc, it's not a company or stock listed on some exchange.   You can drive it down to pennies but you can't get rid of it through traditional market actions.   The loss of value in the last couple of days was roughly the equivalent of the stock market crash that kicked off the 1929 great depression in the US in adjusted dollars.   However today we've had a nice bounce back and the machine is still running with virtually all cryptos green across the board today.
sr. member
Activity: 519
Merit: 250
December 23, 2017, 09:11:29 AM
There's no way Bitcoin will reset the value because it's already in the sky. Bitcoin value will never reset into ground zero, there's decrease and increase like dump and pump so I don't really think your idea will become into reality.,
hero member
Activity: 678
Merit: 500
December 23, 2017, 09:07:52 AM
I think probably not,because the community of BTC never vanish.
full member
Activity: 563
Merit: 102
December 23, 2017, 09:07:36 AM
If for example eth on an exchange is measured in btc and btc goes to zero isnt eth then zero as well?

it does make sense. If Bitcoin goes down to zero everything will be zero too. but i don't think bitcoin will go down to zero, maybe decreases a bit in its value but not to zero. I can't imagine the cyrptocurrency world with bitcoin that has a zero value.
full member
Activity: 121
Merit: 100
December 23, 2017, 08:58:33 AM
I am thinking about you and your mind Tongue you are in panic mode! I am sure.why you thinking like that bitcoin will be zero?its just regular dump and pump.just buy now and wait for the high rate.
member
Activity: 146
Merit: 10
December 23, 2017, 08:55:23 AM
I dont think so bitcoin is going to zero. Many people has used to work hard earning bitcoin, and the demand are going up highly day by day. So the price is increasing more than we expect, there is no reason that btc goes to zero.
copper member
Activity: 882
Merit: 110
December 23, 2017, 08:48:26 AM
Rest goes to zero as well?

Which is kinda weird. Everything is measured in BTC. Which makes it the digital gold and bridge between $ (real world) anf crypto.

Bitcoin may dive really deep but it won't reach the floor now. Because of the bitcoins that were lost forever. Those coins already have a value so if all of the bitcoins will be sold out it'll never reach to zero.
hero member
Activity: 672
Merit: 500
December 23, 2017, 08:42:48 AM
something really horrible must happen to make this happen...I see no reason why bitcoin can reach zero
legendary
Activity: 1148
Merit: 1048
December 23, 2017, 08:42:36 AM
Rest goes to zero as well?

Which is kinda weird. Everything is measured in BTC. Which makes it the digital gold and bridge between $ (real world) anf crypto.

actually, if you look at past market behavior, one would assume that the alts would essentially replace bitcoin, not sink to ruin. cryptocurrencies are here to stay at this point, but possibly not in the incarnations we are used to at the moment. so bitcoin will pretty much be a thing from here on out, but it may fall out of use (ppl will still collect it, it will truly be digital gold)


I digress. when money outflows from bitcoin, some of it goes back to fiat, but the majority of it turns into alt investment. so capital outflows from btc (as it holds the most market share) is actually a Martha Stewart "good thing".  Grin spreads the money through the entire sphere, rather than a single coin.
member
Activity: 602
Merit: 10
December 23, 2017, 08:18:02 AM
There is no reason to fear about bitcoin goes to zero because it will never be happen today or in many years to come. As we noticed and observed what happen to bitcoin recently and in early days it is very strong, high and rapidly and crazily high so why it is become zero. No its not gonna be happen
full member
Activity: 265
Merit: 100
December 23, 2017, 08:10:17 AM
This will not happen. Some want to separate bitcoin from the technology of blockchain and leave it only as a standard, a coin. So that it does not limit anything. But to zero it is unlikely to approach.
jr. member
Activity: 85
Merit: 1
December 23, 2017, 07:51:56 AM
I agree. Even the bare minimum of Bitcoin's true value is no longer lower than $1000.
sr. member
Activity: 490
Merit: 250
December 23, 2017, 07:50:32 AM
Bitcoin will never go to ZERO, create 1BTC cost today 1000$ (electricity costs) and this is absolute minimum value for 1BTC, if anyone sells below 1K that means it will sell with a loss. Bitcoin can only cost less than 1000$ only when you have free powerful mining equipment and free electricity.
Another thing is BTC adoption level that drives price up every single day, last time I've checked in London was 12 ATM machines (approx. 4-5 months ago) Now I've googled BTC ATM again and is 20 ATM machines. Bitcoin was always extremely volatile and I think most of us already get used to seeying price changes +30%/-30% in one day.
full member
Activity: 518
Merit: 184
December 23, 2017, 07:40:29 AM
Rest goes to zero as well?

Which is kinda weird. Everything is measured in BTC. Which makes it the digital gold and bridge between $ (real world) anf crypto.

So from the time being that is definitely not going to happen unless the people would dump and will not support anymore Bitcoin currency maybe it could happen but it would take so many years unless a currency would replace bitcoin.
hero member
Activity: 713
Merit: 501
December 23, 2017, 07:32:29 AM
Rest goes to zero as well?

Which is kinda weird. Everything is measured in BTC. Which makes it the digital gold and bridge between $ (real world) anf crypto.

People are using bitcoin and they will continue to do so. Let us say that all the cryptos go down, that means the people are using something else and no one is using crypto anymore. It means that the whole cryptocurrency system has become obsolete and a new technology has taken over the Internet. But it is still weird that ALL of them has go down. I guess one of the possible reasons is that no one's really using money anymore and we are back to doing barter trade. At that point, there is no internet connection and thus all virtual currencies have no value. We only trade goods in exchange of other goods. We have to be physically in front of each other to complete the deal.

This scenario is totally possible if there's a war going on and the Internet is inaccessible to a lot of areas because the lines have been disconnected.
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