Is it Really Trustworthy? | Bitcointalksearch.org

bigjuk

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Quote from: cryptotalklab1 on May 10, 2022, 09:48:35 AM

Suppose you woke up tomorrow morning and found that Bitcoin had dropped to 0$, or that Bitcoin had disappeared or been scammed. How will you be at that moment?

We do not know when to get sick and when to die, for sure nothing in this world is eternal, period.

Internet, Bitcoin, crypto and the like are all man-made, today you see successful people, tomorrow you see the same poor people, who would have thought, on the other hand you wake up and see Bitcoin breaking through to the $1000k level and maybe you wake up to see Bitcoin to 0, so think about what is now, don't think what you don't know.

Stella Mese

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Of course I would not be surprised, because before investing, I certainly studied the risks of investing and also the profit of investing. but in my opinion if bitcoin dropped to 0 dollars, of course before it went to 0 dollars, many people would have bought it. so of course the price of bitcoin will remain high because of the many fans.

acener

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Quote from: cryptotalklab1 on May 10, 2022, 09:48:35 AM

Suppose you woke up tomorrow morning and found that Bitcoin had dropped to 0$, or that Bitcoin had disappeared or been scammed. How will you be at that moment?

I would surely be devastated,
But we all need to have some back up not just rely on crypto for your main source of income.
If you have other source of income other than crypto you could just easily go on with your life.

Issa56

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With the current stage at which bitcoin is at, I don't think bitcon can never turn to 0$, bitcon have faced different challenges and bitcoin didn't turn to $0, so why do you think Bitcoin will turn zero. The only thing am expecting from bitcon now is massive pump and not dump, Bitcoin have been in existence since 2009 and have faced different challenges, lots of countries have tried to stop bitcoin from growing by banning bitcoin but bitcoin is still growing on daily basics, so I think is high time you stop thinking like that and think positive.

Jawhead999

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Do you think it's possible from the current price around $30K and tomorrow it will drop to $0? lol, that's really unrealistic imagination. Bitcoin isn't a shitcoin, it wouldn't drop 99% in a single day, don't compare with LUNA shit.

Talking about Bitcoin will disappeared and scammed the holders, you're actually doesn't undertand anything about Bitcoin, you might think it's just a random number generator appeared on your screen.

jossiel

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I'll buy all of those available bitcoins for free.

And there's still some use that I can do to them just like storing them and having this piece of history that once became a great asset for the entire world.

There's that value that can't be removed on it even the monetary value goes to zero. The sentimental value and impact it had to many lives including me is priceless yet precious.

dezoel

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Quote from: chichigirl on May 25, 2022, 10:28:54 AM

Quote from: cryptotalklab1 on May 10, 2022, 09:48:35 AM

Suppose you woke up tomorrow morning and found that Bitcoin had dropped to 0$, or that Bitcoin had disappeared or been scammed. How will you be at that moment?

Bitcoin price is not permanent but i believe that cyrpto currency will not disappear unless there is a great distruction or a great war of different countries. Bitcoin price will not easily lost its value.

This is true, bitcoin couldn't go away, it will stay because we are talking about even nations investing into it right now which means that in order for it to "go away" it needs to have some coding error or something and I am sure that something that reached 2 trillion dollar market cap as a whole (all of crypto) will already have enough people trying to find any error, and there must be none since bitcoin never had anything like that.

This is why all those big companies and nations will keep on buying as long as the price goes down, and they will make profit from it when they hold it longer than the retail investor. It is not going to happen at all.

savetheFORUM

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Quote from: cryptotalklab1 on May 10, 2022, 09:48:35 AM

Suppose you woke up tomorrow morning and found that Bitcoin had dropped to 0$, or that Bitcoin had disappeared or been scammed. How will you be at that moment?

Isn't that amazing? We can't just buy bitcoin cheaply but we can get bitcoins for free this time lol but seriously I don't think that would happen. Only scam coins can turn to zero but if you look all legit cryptos and altcoins, do see a zero value? I believe none. Sure their value can dump too much adding a lot of zero's on their price tags but still they didn't completely drop into zero.

The same thing can also happen to bitcoin, its price can dump down to 20k, 10k, or even 3k but it won't hit zero because many people are buying and taking advantage of the dip which results for the price to recover and pump. You can get scammed and your bitcoins can be stole in your possessions, that's the only thing that can happen to you if you will not guard your bitcoins properly.

dataispower

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Quote from: cryptotalklab1 on May 10, 2022, 09:48:35 AM

Suppose you woke up tomorrow morning and found that Bitcoin had dropped to 0$, or that Bitcoin had disappeared or been scammed. How will you be at that moment?

Mate Bitcoin is trustworthy because if it is not trustworthy it will not be lasted for this year's, the people who introduced bitcoin to the world, after launching it in 2009 they knew that bitcoin will be a continuous netvalue currency. From what i have seen in bitcoin, i will give it a seventy percent that is trustworthy. Op bitcoin can not fall to the zero again, the stage has passed, because assuming it is the time we found bitcoin newly i will agree with you. But this is thirteen or fourteen good years bitcoin has being trending everywhere and it haven't Fall and reach from the starting point rather it goes up and up

Doan9269

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Quote from: cryptotalklab1 on May 10, 2022, 09:48:35 AM

Suppose you woke up tomorrow morning and found that Bitcoin had dropped to 0$, or that Bitcoin had disappeared or been scammed. How will you be at that moment?

first of all erace that mentality from your mind because it's not possible with bitcoin, i may not say about other cryptocurrencies since most ended as a result of failed projects, it your bitcoin disappeared then i think you were hacked or scammed due to your carelessness and we have many people that have been a victim of that, but bitcoin "can not" go down to 0 as you thought because its not a shitcoin, and whenever there's a dip in bitcoin price speculation, investors find it joy to invest because of the certainty to rise after somewhile.

bangjoe

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I don't have to imagine and think for something that I don't think will happen, it's just a waste of time. There is much more important work than having to think and imagine bitcoin will be $0 let alone overnight. Indeed the price of bitcoin is no but and moves both ways, but if it turns to zero, it is impossible.

pawanjain

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Quote from: cryptotalklab1 on May 10, 2022, 09:48:35 AM

Suppose you woke up tomorrow morning and found that Bitcoin had dropped to 0$, or that Bitcoin had disappeared or been scammed. How will you be at that moment?

I really don't think that bitcoin can go to zero overnight. It should be more than that.
In that case we will get enough time to liquidate and get out and may be buy more at the bottom.
Bitcoin cannot just disappear just like that because it is open source and the network is spread out across the globe.
The only way we can get scammed is if someone executes a 51% attack and in that case there's pretty much nothing we can do as an individual.
We can try selling but the network will be so congested that we won't be able to transfer our coins to an exchange.

chichigirl

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Quote from: cryptotalklab1 on May 10, 2022, 09:48:35 AM

Suppose you woke up tomorrow morning and found that Bitcoin had dropped to 0$, or that Bitcoin had disappeared or been scammed. How will you be at that moment?

Bitcoin price is not permanent but i believe that cyrpto currency will not disappear unless there is a great distruction or a great war of different countries. Bitcoin price will not easily lost its value.

Honnet43

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If it drops to $0, then I will double-check the quotes, because BTC will always be worth at least something. If someone says that this is a scam, then it simply will not make sense to believe it, since there is a whole system of evidence that can refute this reckless statement.

All this is only possible in an alternate universe where everything was different.

pooya87

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If you are going to imagine silly scenarios why is it always some sort of doomsday scenario when things turn to shit why not imagine the opposite silly scenario for example suppose tomorrow morning when you wake up you see 1 bitcoin is worth $1 trillion. What would you do then?

horrifiedx1

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Quote from: cryptotalklab1 on May 10, 2022, 09:48:35 AM

Suppose you woke up tomorrow morning and found that Bitcoin had dropped to 0$, or that Bitcoin had disappeared or been scammed. How will you be at that moment?

if that happens, of course at first we will feel like the world is doomed because many of our treasures will be lost. if bitcoin $ 0, then other altcoins will not survive either. so this will be horrendous news in the world. learn from luna, there are some people who are said to have committed suicide, especially if this happened to bitcoin. but I will not do that, because some of my assets are diversified into other assets outside of crypto

GreatArkansas

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Quote from: Dumbsize on May 25, 2022, 02:02:57 AM

It is quite impossible because bitcoin is not a scam. Such large valuation assets have a significant impact on the world economy.
Moreover, by chance, if it happens do not panic and plan your future moves because ups and downs in trading are very common.

It will always be possible. OP got a point here, we will know what will happen in the future, I am not saying that I am negative on Bitcoin. I hold Bitcoin too for the long term.
To answer the question of OP, I'll move on and accept it. Even though it is impossible for me but if that day will come, I have no choice, I was once a believer and I am not the only one that will get disappointed for sure.

Dumbsize

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It is quite impossible because bitcoin is not a scam. Such large valuation assets have a significant impact on the world economy.
Moreover, by chance, if it happens do not panic and plan your future moves because ups and downs in trading are very common.

fullhdpixel

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Quote from: Finestream on May 10, 2022, 04:59:22 PM

How can you think all these impossible things about bitcoin? For me, i won't resort into panic as i'm confident to say that bitcoin will never end up like this. Yes, its price may drop continuously but it will always find ways to recover. And there is no way that bitcoin will become a scam, since there is no such coin to live more than a decade and yet, still end up a scam. But for shitcoins and all those meme coins, they may fall into scams in the end.

God bless you for this wonderful points, assuming this thread was about shitcoins, I would not have any doubt the fact that it could be scam or could varnish anytime. But, we are talking about Bitcoin here, hello!! BTC is here to stay, it’s about time we understood this fact. I have bitcoin and my trust in it is always 100% whether the market is going down or not. It’s not like having shitcoins, if that’s what I had, I will stay be very afraid.

Dunamisx

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Quote from: cryptotalklab1 on May 10, 2022, 09:48:35 AM

Suppose you woke up tomorrow morning and found that Bitcoin had dropped to 0$, or that Bitcoin had disappeared or been scammed. How will you be at that moment?

How on Earth could you thought of this at first place, I think its high time for you to understand that bitcoin is quite different from altcoins almost referred to as shitcoins, this is what you should expect as a bitcoiner, volatility is not something of much concern in bitcoin price and if you give it a closer look base on the past years of event of Halving.

You could deduce that whenever the price is about to rise then it falls but not as below where it was before the previous Halving that occurred not to now talk of going as total down to $0 which is an indication that you don't understand how it works with price volatility or probably you don't understand the distinct difference between bitcoin and altcoins.

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