What happens next if Bitcoin drops to zero?

AnonBitCoiner

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Quote from: cozytrade on July 11, 2023, 11:35:58 PM

In 10 years, the value of Bitcoin has increased a lot. I hope that the value of Bitcoin will increase in the next ten years. Bitcoin will become so popular that many people did not realize. Bitcoin is now known by people in almost all countries and is used in many countries. If Bitcoin If its value becomes zero, the people of many countries will suffer a lot of losses.

Bitcoin is gaining higher cost every year and people have strong believe on bitcoin but I think strong believe sometimes become hazardous. Bitcoin cannot come to zero but people should mentally prepare about the declining of bitcoin due volatile nature of cryptocurrency.

Now bitcoin is a famous crypto asset and everyone wants to put lots of money into it to get larger profit but they forget that crypto future is doubtful. To discard this fear it is necessary to employ your profit only in crypto so If there's any decline occurs you will not be under pressure as you would have taken your money on time.

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Quote from: RewFrew on July 11, 2023, 03:05:12 PM

Quote from: Sakanwa on January 25, 2023, 08:48:07 AM

Please don't let my question cause so much hate on me but rather let's also be realistic at times.
Though I haven't invested a reasonable sum in Bitcoin, I've at some point after watching how the market and price of Bitcoin fell from over $60k to less than $12k something similar to what altcoins do and it prompted some questions like
1. Will Bitcoin ever fall to zero someday?
2. What happens if it ever falls to zero?

It will be if this questions are answered without sentiment as I'm open to learn.

Bitcoin is now established coin. It’s usability increasing day by day. Many country accepting bitcoin as National currency. And many business institution accepting as payment method. So i think and strongly believe bitcoin will never be Zero.It is just impossible.

Price or value might be moving sideways but cant really be denied that we are really that progressing gradually on which the price isnt that playing around 15k anymore and we are now sitting on 30k range.
Speaking about on its value would become zero then we do know that it isnt something that might happen because demand and recognition is still there and this is why its really hard to believe that it would become
valueless or having zero value because it is totally opposite on what we are looking or seeing into. If it drops to zero which means that people or the community had lost its trust into it.
If thats the case then for sure there would be another coins that might surfaced out and replaced it on #1 but literally and sensibly speaking on which it is really that hard to believe on with this kind of case.
Bitcoin is the father of all crypto and if this one turns out to die then the entire crypto market space might die too but of course there's no one could tell on what would actually happen.

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Quote from: Marvell1 on July 13, 2023, 08:31:49 AM

Gold has been around and mined for thousands of years and is still one of the most in-demand assets, do you think governments will get rid of it? Do you often watch the news? And during the ongoing crisis, governments are increasing their gold reserves like never before. So, the hypothesis that gold will go to zero is really too delusional and somewhat biased for bitcoin.

The issue is not whether bitcoin or gold pollutes the environment, but what benefits the government will gain by holding gold and bitcoin. You believe what they are propagating about fighting climate change? When they are waging war, testing nuclear weapons, and continuing to destroy nature because of scientific research...It's all just an excuse for them to get rid of the stuff they don't like, I don't believe what they say, I just believe what they're doing.

By the way, I'm not saying bitcoin has no potential, no future... but we should be realistic and not delusional.

It's all a matter of what's best for the government. Gold mining may be environmentally-harmful, but governments aren't against it because of the benefits the precious metal provides. They are against Bitcoin because they don't like its decentralized and censorship-resistant design. They believe people are going to stand against Fiat currencies in favor of a currency they can't control or manipulate. It's this reason why there's a lot of FUD circulating around the web and the real world.

BTC won't be going to zero, simply because there's a lot of demand for it. The supply is limited, while money keeps flowing as usual. With big companies getting into the game, don't count on Bitcoin losing its value anytime soon. Who knows if it lives alongside Gold for generations? Just my thoughts Grin

rachael9385

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Good question op, yes sometimes we have to be realistic but not all thoughts comes through, Bitcoin has gone far far away and I don't think it will drop to score zero (0) any time any day because if it's does, what happened to S.B.F will also happen, although S.B.F matter was just an exchange and not the same as what you insinuated.

Marvell1

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Quote from: Abiky on July 11, 2023, 01:30:56 PM

Quote from: Marvell1 on July 10, 2023, 04:13:53 AM

Why gold goes to $0 if bitcoin goes to $0? Although bitcoin has been around for 14 years and is accepted by many countries around the world, but to compare the certainty and safety, bitcoin cannot be compared with gold, gold is thousands of years old. If you ask all the 8 billion people in the world if they want gold, they'll say YES, but if it's bitcoin, I don't think more than 10% want bitcoin because they don't even know what it is. There is a significant disparity between gold and bitcoin regarding safety.

But Bitcoin going to zero is very unlikely, and I don't think that will happen either. But we should also be careful because bitcoin is still not a really safe asset, so don't put all your assets into bitcoin.

Gold can go to $0 if governments all around the world decide to fight climate change for good. The "green energy" agenda could make Gold obsolete as we speak. After all, Gold mining harms the environment. Bitcoin, on the other hand, consumes less energy than Gold itself. And if there's ever an issue with "carbon neutrality", Bitcoin miners can switch to alternative energy with ease. It's the future of money, so don't expect it to lose its value anytime soon.

All I see is BTC rising in demand each day. Not only that, but supply is getting "tight" too. With less block rewards, BTC will become scarcer and more valuable over time. Let's all embrace the "Bitcoin Revolution", while we watch Fiat currencies die at a slow and steady pace. Who knows if someday BTC becomes the world's next reserve currency? Just my thoughts Grin

Gold has been around and mined for thousands of years and is still one of the most in-demand assets, do you think governments will get rid of it? Do you often watch the news? And during the ongoing crisis, governments are increasing their gold reserves like never before. So, the hypothesis that gold will go to zero is really too delusional and somewhat biased for bitcoin.

The issue is not whether bitcoin or gold pollutes the environment, but what benefits the government will gain by holding gold and bitcoin. You believe what they are propagating about fighting climate change? When they are waging war, testing nuclear weapons, and continuing to destroy nature because of scientific research...It's all just an excuse for them to get rid of the stuff they don't like, I don't believe what they say, I just believe what they're doing.

By the way, I'm not saying bitcoin has no potential, no future... but we should be realistic and not delusional.

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Quote from: RewFrew on July 11, 2023, 03:05:12 PM

Quote from: Sakanwa on January 25, 2023, 08:48:07 AM

Please don't let my question cause so much hate on me but rather let's also be realistic at times.
Though I haven't invested a reasonable sum in Bitcoin, I've at some point after watching how the market and price of Bitcoin fell from over $60k to less than $12k something similar to what altcoins do and it prompted some questions like
1. Will Bitcoin ever fall to zero someday?
2. What happens if it ever falls to zero?

It will be if this questions are answered without sentiment as I'm open to learn.

Bitcoin is now established coin. It’s usability increasing day by day. Many country accepting bitcoin as National currency. And many business institution accepting as payment method. So i think and strongly believe bitcoin will never be Zero.It is just impossible.

Yes I agree with you. The popularity of Bitcoin now I don't think Bitcoin will ever be worth zero. Bitcoin has gained a lot of popularity and is increasing day by day. Bitcoin is used in most of the countries where money is transacted. Hopefully the countries where Bitcoin is now Bitcoin will soon be legalized in countries where it is banned. When Bitcoin is legalized in countries where Bitcoin is currently banned, the value of Bitcoin will increase and Bitcoin will gain more popularity.

Quote from: kapalmabur on June 25, 2023, 02:10:15 PM

Bitcoin already has many holders, from retail to companies, so if we think that bitcoin will go to zero, of course that's an unreasonable thought.
Bitcoin has been in this world for more than 10 years, and until now the price of Bitcoin has gone up millions of percent,
that is an extraordinary number for bitcoin, and I can even say Bitcoin is the No. 1 asset that does have extraordinary price developments.

In 10 years, the value of Bitcoin has increased a lot. I hope that the value of Bitcoin will increase in the next ten years. Bitcoin will become so popular that many people did not realize. Bitcoin is now known by people in almost all countries and is used in many countries. If Bitcoin If its value becomes zero, the people of many countries will suffer a lot of losses.

RewFrew

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Quote from: Sakanwa on January 25, 2023, 08:48:07 AM

Please don't let my question cause so much hate on me but rather let's also be realistic at times.
Though I haven't invested a reasonable sum in Bitcoin, I've at some point after watching how the market and price of Bitcoin fell from over $60k to less than $12k something similar to what altcoins do and it prompted some questions like
1. Will Bitcoin ever fall to zero someday?
2. What happens if it ever falls to zero?

It will be if this questions are answered without sentiment as I'm open to learn.

Bitcoin is now established coin. It’s usability increasing day by day. Many country accepting bitcoin as National currency. And many business institution accepting as payment method. So i think and strongly believe bitcoin will never be Zero.It is just impossible.

Abiky

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Quote from: Marvell1 on July 10, 2023, 04:13:53 AM

Why gold goes to $0 if bitcoin goes to $0? Although bitcoin has been around for 14 years and is accepted by many countries around the world, but to compare the certainty and safety, bitcoin cannot be compared with gold, gold is thousands of years old. If you ask all the 8 billion people in the world if they want gold, they'll say YES, but if it's bitcoin, I don't think more than 10% want bitcoin because they don't even know what it is. There is a significant disparity between gold and bitcoin regarding safety.

But Bitcoin going to zero is very unlikely, and I don't think that will happen either. But we should also be careful because bitcoin is still not a really safe asset, so don't put all your assets into bitcoin.

Gold can go to $0 if governments all around the world decide to fight climate change for good. The "green energy" agenda could make Gold obsolete as we speak. After all, Gold mining harms the environment. Bitcoin, on the other hand, consumes less energy than Gold itself. And if there's ever an issue with "carbon neutrality", Bitcoin miners can switch to alternative energy with ease. It's the future of money, so don't expect it to lose its value anytime soon.

All I see is BTC rising in demand each day. Not only that, but supply is getting "tight" too. With less block rewards, BTC will become scarcer and more valuable over time. Let's all embrace the "Bitcoin Revolution", while we watch Fiat currencies die at a slow and steady pace. Who knows if someday BTC becomes the world's next reserve currency? Just my thoughts Grin

bitzizzix

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Actually nothing is impossible in this world, anything can happen, anything can fall to zero in an instant. Gold, stocks, real estate or bitcoin could go down if everyone or all investors stopped believing in them. But how likely is it? That's highly unlikely.
everything continues to grow and develop including bitcoin, so it's impossible to go back to 0. Unless there is no internet network or the earth is destroyed and not only bitcoin will return to 0, but everything including the earth and everything in it.
when talking about bitcoins. Bitcoins are extremely rare, and only 21 million and most investors buy and never sell them. Money from the stock market, gold and even real estate is transferred to crypto assets or bitcoins, and over time bitcoin will become the most valuable and trusted asset in the world due to its ever-increasing growth.
and bitcoin is far more likely to reach $1 Million than it is to be 0 due to its continuous growth and improvement over time.

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Quote from: Sakanwa on January 25, 2023, 08:48:07 AM

1. Will Bitcoin ever fall to zero someday?

You used the words someday at the end of this question, the definition of someday is very broad or not limited. Entering 2050 is also still included in the category of someday, who can guess what will happen someday?
The widespread growth of Bitcoin makes me believe Bitcoin will continue to increase, at least for the next few years. When one day the internet network is no longer available around the world and the supply of Electricity is no longer there, that's when bitcoin will return to Zero because demand and supply will no longer exist.

Quote from: Sakanwa on January 25, 2023, 08:48:07 AM

2. What happens if it ever falls to zero?

Nothing will change when Bitcoin is far to Zero, the world will keep spinning, the sun will rise from its axis. People will carry out activities as usual even without Bitcoin.

Marvell1

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Quote from: Abiky on July 09, 2023, 11:50:22 AM

Quote from: kapalmabur on June 25, 2023, 02:10:15 PM

Bitcoin already has many holders, from retail to companies, so if we think that bitcoin will go to zero, of course that's an unreasonable thought.
Bitcoin has been in this world for more than 10 years, and until now the price of Bitcoin has gone up millions of percent,
that is an extraordinary number for bitcoin, and I can even say Bitcoin is the No. 1 asset that does have extraordinary price developments.

Exactly. Bitcoin is already too mainstream to lose its value overnight. It simply won't happen now or in the near future. If BTC goes to $0, then Gold would have to go to $0 too. We all know that's impossible. The ones pushing BTC to go to zero are none other than banks, governments, and haters. The rest of the people want BTC to keep going all the way to the moon.

Based on the rules of supply and demand, it's very likely BTC will reach new ATHs over time. It was designed as a deflationary cryptocurrency, anyways. Who knows if Fiat currencies will end up going to zero while BTC stays afloat? Just my opinion

Why gold goes to $0 if bitcoin goes to $0? Although bitcoin has been around for 14 years and is accepted by many countries around the world, but to compare the certainty and safety, bitcoin cannot be compared with gold, gold is thousands of years old. If you ask all the 8 billion people in the world if they want gold, they'll say YES, but if it's bitcoin, I don't think more than 10% want bitcoin because they don't even know what it is. There is a significant disparity between gold and bitcoin regarding safety.

But Bitcoin going to zero is very unlikely, and I don't think that will happen either. But we should also be careful because bitcoin is still not a really safe asset, so don't put all your assets into bitcoin.

Abiky

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Quote from: kapalmabur on June 25, 2023, 02:10:15 PM

Bitcoin already has many holders, from retail to companies, so if we think that bitcoin will go to zero, of course that's an unreasonable thought.
Bitcoin has been in this world for more than 10 years, and until now the price of Bitcoin has gone up millions of percent,
that is an extraordinary number for bitcoin, and I can even say Bitcoin is the No. 1 asset that does have extraordinary price developments.

Exactly. Bitcoin is already too mainstream to lose its value overnight. It simply won't happen now or in the near future. If BTC goes to $0, then Gold would have to go to $0 too. We all know that's impossible. The ones pushing BTC to go to zero are none other than banks, governments, and haters. The rest of the people want BTC to keep going all the way to the moon.

Based on the rules of supply and demand, it's very likely BTC will reach new ATHs over time. It was designed as a deflationary cryptocurrency, anyways. Who knows if Fiat currencies will end up going to zero while BTC stays afloat? Just my opinion

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Quote from: Mahanton on July 08, 2023, 05:01:57 PM

Quote from: Freddie Boyer on July 08, 2023, 05:11:30 AM

Quote from: kapalmabur on June 25, 2023, 02:10:15 PM

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Even we do saw on the potential of Bitcoin and seeing its movement over a decade due to those charts and other correlated that shows off its performance then we could really be able to tell that this is really that
something would really be worthy to be accumulated and holded up for long term. Although it wont really be giving out assurance on guaranteed success because no one really knows on what would happen in the future.
Getting zero value? If ever this one happens then these are the possible things happened.

1. There's a new coin that surpasses Bitcoin and transfers overall confidence and support into that new coin
2. Quantum computing kind of issues
3. Total crackdown of Btc or having some exploits into its code
and there's even some possible reasons but the above mentioned are the most common one.

This is why its really that important that you should really that invest on the amount which we can afford to lose as always because there's no assurance of things when it comes to this.

oh really! You need to give so many arguments to answer the OP's question, although it is true any "doubt" is for contextualize, but in this case it is another rhetorical question that only seeks to troll the community, these question, they are cases in which... you want an answer, no, at least in the short or medium term, and the long term is supported as a means of payment, it may lose value but bitcoin is not only measured by its price capacity but also by its technology.

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Quote from: Freddie Boyer on July 08, 2023, 05:11:30 AM

Quote from: kapalmabur on June 25, 2023, 02:10:15 PM

Bitcoin already has many holders, from retail to companies, so if we think that bitcoin will go to zero, of course that's an unreasonable thought.
Bitcoin has been in this world for more than 10 years, and until now the price of Bitcoin has gone up millions of percent,
that is an extraordinary number for bitcoin, and I can even say Bitcoin is the No. 1 asset that does have extraordinary price developments.

That's right, It is highly unlikely that, if that were to happen, the repercussions of the widespread loss of confidence in cryptocurrencies and the ensuing market chaos would be significant. What needs to be done if there is a correction like a while ago is to stay calm and don't panic when the price drops like you said.

Why I agree it is nonsense , Historically, the price of Bitcoin has shown resilience and recovered from the downturns, leading to renewed demand. The wisest is to take advantage of this opportunity by buying Bitcoin at a lower price and be patient for potential future profits.

Even we do saw on the potential of Bitcoin and seeing its movement over a decade due to those charts and other correlated that shows off its performance then we could really be able to tell that this is really that
something would really be worthy to be accumulated and holded up for long term. Although it wont really be giving out assurance on guaranteed success because no one really knows on what would happen in the future.
Getting zero value? If ever this one happens then these are the possible things happened.

1. There's a new coin that surpasses Bitcoin and transfers overall confidence and support into that new coin
2. Quantum computing kind of issues
3. Total crackdown of Btc or having some exploits into its code
and there's even some possible reasons but the above mentioned are the most common one.

This is why its really that important that you should really that invest on the amount which we can afford to lose as always because there's no assurance of things when it comes to this.

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Quote from: kapalmabur on June 25, 2023, 02:10:15 PM

Bitcoin already has many holders, from retail to companies, so if we think that bitcoin will go to zero, of course that's an unreasonable thought.
Bitcoin has been in this world for more than 10 years, and until now the price of Bitcoin has gone up millions of percent,
that is an extraordinary number for bitcoin, and I can even say Bitcoin is the No. 1 asset that does have extraordinary price developments.

That's right, It is highly unlikely that, if that were to happen, the repercussions of the widespread loss of confidence in cryptocurrencies and the ensuing market chaos would be significant. What needs to be done if there is a correction like a while ago is to stay calm and don't panic when the price drops like you said.

Why I agree it is nonsense , Historically, the price of Bitcoin has shown resilience and recovered from the downturns, leading to renewed demand. The wisest is to take advantage of this opportunity by buying Bitcoin at a lower price and be patient for potential future profits.

kapalmabur

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Bitcoin already has many holders, from retail to companies, so if we think that bitcoin will go to zero, of course that's an unreasonable thought.
Bitcoin has been in this world for more than 10 years, and until now the price of Bitcoin has gone up millions of percent,
that is an extraordinary number for bitcoin, and I can even say Bitcoin is the No. 1 asset that does have extraordinary price developments.

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Quote from: arufox on June 25, 2023, 01:07:33 AM

No one can predict the future of Bitcoin with certainty. However, the possibility of Bitcoin falling to zero at this point and the next few years is considered very unlikely. Bitcoin has a large market capitalization, and growing popularity, and is supported by a strong network and community. Therefore, given the current popularity and use of Bitcoin, it is likely that its value will increase drastically in the future.

The fact that it's already regulated means it will not easily drop to zero. The good thing about Bitcoin, which ensures its longevity for years to come, is that it's not only a good investment but also relies on supply and demand.

As we can see, it's already accepted in many countries around the world. Of course, there are some countries that have banned Bitcoin, but with more and more people embracing it, we can truly enjoy its purpose. This would result in investors enjoying its benefits as well, since the more they hold, the more the value will increase due to a fixed market supply.

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1. There is no way the bitcoin price will fall to zero. Although indeed the price of Bitcoin is influenced by many factors, including market demand, adoption, government regulations, investor sentiment, and many more. However, Bitcoin is now the most popular investment by many people and even many large companies have adopted bitcoin.

It'll be very impossible for Bitcoin to fall to zero, it can dip to very low value but been totally worthless is never an option. We'll have people that'll be willing to buy all the Bitcoin if the price falls to around $100 per Bitcoin or falls below that because they believe Bitcoin will rise again.

For Bitcoin to fall to an extent that the whole community will lose trust in Bitcoin so many things have to go wrong like Bitcoin having more than 21 million supply and Bitcoin can be minted from thin air and even though that happens solution will be introduced to stop it from going on.

Government banning Bitcoin can't take it to zero even when all the government of the world or strongest world power comes together to put a ban on Bitcoin, it'll only drive the price to low bottom. Bitcoin will then surfer major set backs but the market will recover as it always does.

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No one can predict the future of Bitcoin with certainty. However, the possibility of Bitcoin falling to zero at this point and the next few years is considered very unlikely. Bitcoin has a large market capitalization, and growing popularity, and is supported by a strong network and community. Therefore, given the current popularity and use of Bitcoin, it is likely that its value will increase drastically in the future.

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It all depends on the plans, those who own a large number of coins. Most likely, someday something new will appear and the cryptocurrency will become irrelevant. By then many years will have passed.

Topic: What happens next if Bitcoin drops to zero? (Read 2104 times)