Topic: Since we started at zero, do you think its possible to go back to zero? - page 3. (Read 2300 times)
April 09, 2014, 09:09:22 PM
You can easily take it to zero yourself: Just give me your coins at no cost. Voila! What power!
April 09, 2014, 09:03:31 PM
It would have to be a technical and fatal reason for zero. If the rest of the world just lost interest I'd buy a bunch and send them to myself just for fun. I'm sure others would too.
April 09, 2014, 09:01:54 PM
It's a high risk investment. gold has a much lower limit than bitcoin too.....
April 09, 2014, 09:01:44 PM
Your friend doesn't understand basic economy. Bitcoin has value because it does things that existing financial systems can't.
April 09, 2014, 09:00:16 PM
Been chatting with some IRL friends about bitcoin. This one guy, total gold bug btw, refuses to touch btc. I ask him, "why"? And he replies " gold can one day become a low value, I'll admit. But never zero, as it is physical, and has industrial uses, so if nothing else would be used by industries. Bitcoin on the other hand is digital, so has no "bottom line" per se". He has me stumped, and I like to win 
Any suggestions?
Any suggestions?I'm a big bitcoin bear and I don't think it will ever reach zero. Only reason is there isn't one alt-coin that is at zero. It will always have some collector appeal.
Of course this all changes if bitcoin gets hacked where coins can be produced freely. This would be similar to someone figuring out a way to manufacture gold. Both would go to near worthless.
However, being zero and being worthless are very different.
April 09, 2014, 08:59:08 PM
Zero is possible, so is the end of the World tomorrow.
Bitcoin has an established history of strong up moves, especially after the price falls more than 50% from the all time high.
Bitcoin has an established history of strong up moves, especially after the price falls more than 50% from the all time high.
April 09, 2014, 08:58:17 PM
Been chatting with some IRL friends about bitcoin. This one guy, total gold bug btw, refuses to touch btc. I ask him, "why"? And he replies " gold can one day become a low value, I'll admit. But never zero, as it is physical, and has industrial uses, so if nothing else would be used by industries. Bitcoin on the other hand is digital, so has no "bottom line" per se". He has me stumped, and I like to win Any suggestions?
Any suggestions?Theoretically it can however the adoption is too widespread.
Worst case even if bitcoin fails, it will still be traded between hardcore geeks and crypto enthusiasts and will be worth a few cents to a few dollars.
April 09, 2014, 08:55:21 PM
Been chatting with some IRL friends about bitcoin. This one guy, total gold bug btw, refuses to touch btc. I ask him, "why"? And he replies " gold can one day become a low value, I'll admit. But never zero, as it is physical, and has industrial uses, so if nothing else would be used by industries. Bitcoin on the other hand is digital, so has no "bottom line" per se". He has me stumped, and I like to win Any suggestions?
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