Topic: Is Bitcoin Going To Zero? (Read 24798 times)

Where are those billions now?

It seems to be another common misconception. People come to think that, for example, if the market cap shows Bitcoin capitalization of 100B dollars (an arbitrary number), then there are really 100B dollars invested in it. And even if they don't think so, many still think that dollars spent on Bitcoin (or any other cryptocurrency, for that matter) are still somehow sitting in the market and waiting to be exchanged for Bitcoin anew

This is not so for pretty obvious reasons. When someone sells coins and receives fiat, it doesn't in the least mean that he is going to buy back or buy in later. He may, but in most cases, the fiat money received by the seller is spent on something completely not related to crypto, and unless someone else (who receives these dollars in real life) decides to reinvest them in cryptoassets again, they are essentially lost for the cryptomarket

This market has been existing for quite some time now and billions of dollars investments are already in it.  I don't think bitcoin will return to zero or died one day but it is going to appreciate in some years to come.  Some traders are saying bitcoin is death but I disagree with this fact and it is an attempt to create fear.

So many bitcoin holders and so many who want bitcoin because the trust of bitcoin has value. Bitcoin can decrease but the decline in bitcoin will not reach zero, and I think bitcoin will be the most wanted coin in crypto.

I don't think it will be possible for the value of bitcoin to be zero.
because I'm sure the price of bitcoin every day also grows well. so in my opinion the value of bitcoin is not zero.

Of course because it will never goes to zero, bitcoin will remain to have a value even if we will go back at its lowest.
People can still enjoy the technology as long as there are miners, bitcoin will stay regardless of the price so investors must not invest only because it has done great in the past, they should also invest to support the technology, even if we need lots of time to recover, it's still possible.

Zero will be the end of bitcoin, but it will not be possible, crypto can still survive with so many people who believe in crypto, and bitcoin as the main one in crypto then the bitcoin will not be zero.

That's monumentally hilarious. Did you guys ever bother to read the opening post? Obviously, you didn't since this topic is not about Bitcoin going to zero at all. In fact, it is the exact opposite of that, while its title is only the title of a Forbes article referenced in it, which is to show how to use your brain cells (provided you have any in the first place, which I doubt). I'm not asking whether Bitcoin is actually going to kiss the canvas, I'm explaining why it is not

Kindly avoid making fools of yourselves next time, thank you

Well the topic doesn't have any credibility to back it up and we all know it's just here to stir some speculations. Long time crypto users know all too well that these kinds of thread spring out like mushrooms during bear markets.

no one can predict the development of crypto currencies for sure bitcoin will become zero it can happen if there are no users anymore, if there are still users, bitcoin might not be zero

Yes bitcoin will not go to zero. This topic is wasting of time and panic the investors or people showing interest in bitcoin. We haven't seen bitcoin gone down last year below $3000 which shows the positive results. Kindly avoid these type of posts and don't hurt the lovers of crypto coins.

Bitcoin will not fall to zero, and even though there is a lot of negative news with bitcoin, but bitcoin will still survive and be able to recover even higher. I believe in bitcoin, and if bitcoin will disappear from the crypto market then I doubt it.

Bitcoin will never come to zero, last year is not good for bitcoin. There is no significant growth in last year, I think this year it will not happen. This dip is temporarily soon bitcoin will overcome this situation and come back tremendous growth soon till that hold and wait with patience.

Its more likely to have my bank account zero rather than bitcoin being empty valued. Dont take over reactions on what is happening to the market right now. The market fall doesnt mean it will continue to fall until it become zero. Funny that people really wants us to think of negative things which can lead people to withdraw cryptocurrency.

It's a rhetorical question, but everyone knows that bitcoin would go to 0 because we still have investors willing to pour their money eventhough we may have experienced a dramatic decline and lost almost 85% now.Maybe the author has other purposes, like creating panic or scaring investors, but at the back of our minds, the price will go low at certain point and it will eventually go up as soon as there are good news that will sway investors confidence back to the market again.

It is mostly future expectations

What these expectations are (were) is another question. For the majority of the so-called hodlers it was an irresistible opportunity to earn easy money. That was the primary reason why Bitcoin went exponential in 2017 as its utility consisted mostly in bringing quick profits. Now these dudes are sitting on losses if they were not lucky enough to jump off in time. In this case, it was an expectation of future speculative growth ("buy low, sell high")

For other people, it is Bitcoin's transactional utility which includes staying under the radar of financial authorities. These folks are not necessarily criminals or involved in other shady activities. With a thought-out approach you can effectively use Bitcoin and top altcoins to hedge against fiat devaluations brought about by reckless governments. This is particularly true for people living in countries such as Venezuela

We should not discard either the tiny economy having been built around cryptocurrencies in the last years like online gambling, freelancing, etc. However small it might be, it is still about real use of cryptocurrencies (other than speculation and as a vehicle for value transfer), so these avenues of application give cryptocurrencies value and utility just like any other useful thing in real life

The market can decline because there are too many sellers who fill the market, but if bitcoin will fall to zero then I think that won't happen. Bitcoin will still remain the main one in crypto and still have the chance to recover its value.

like the title
Is Bitcoin Going To Zero?
are you sure about this? we all know that the market is always red throughout this year. but this is not the first time in every accident and decline, I don't think bitcoin will be as easy as zero.

Believe nothing you read or hear

And only one half of what you see - the smaller half, obviously. It is not just market prices that get heavily manipulated, it is also minds and views that are being massively massaged and played on, too. Strictly speaking, even prices are manipulated via influencing human emotions and attitudes, like with panic sells and panic buys. So don't get deceived or lured into making rash decisions regarding both buys and sells without proper consideration of the consequences of your actions beforehand

is the purpose of the article supposed to scare off people? that's not fair. it's not going to happen.

Bitcoin still good price and not zero. Once bitcoin become zero the value when all of the people sell their bitcoin. And maybe it will not happen because other people don't know the password of their wallet to those people don't care about bitcoin when the value is very high and they used offline wallet.