What happens next if Bitcoin drops to zero? - page 10.

teosanru

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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.

1. It won't happen not only because there will always be some sort of demand for such a popular crypto currency but also because I have seen coins like LUNA crashing like shit and still they didn't go to zero had some value before bouncing back.
2. Let's imagine if it does you are surely going to hear about a lot of suicides on the very next day itself. Because mostly all other coins will die too and we'll see like end of an era.

GideonGono

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I think this kind of question has been ask so many times before.
But I think if it ever happens other crypto would rise to take it's place, crypto has been part of us and it is already well known people wouldn't just abandoned it.
When I was new in crypto I also used to think about it but knowing how it works and seeing it's progress changed my mind.

vitya1982

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Quote from: Nolik_19 on January 26, 2023, 12:14:31 PM

it seems to me that this is impossible, since the world has rushed to digitalization

Yeah, it's almost impossible, but the question is not about if it's possible or not. It's about what will happen. I think the same thing that happened in America during the Great Depression, but across the world among all crypto investors.

Abiky

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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.

I don't think BTC will ever go to zero, especially when many people know about it. There's still a lot of demand for the cryptocurrency, while the network itself is getting bigger and stronger than ever. The fact that deflation was "baked" into the protocol, tell us that it's very unlikely the value of a Bitcoin will plummet all the way to $0. It's just theoretically impossible.

What could really go to zero are traditional Fiat currencies. If banks keep printing money, then it's bye-bye to the value of national currencies for good. You can see why Venezuela's currency is worthless right now. Just wait until the tide is over, and BTC should go all the way to the moon. Who knows if BTC never goes below $30k ever again? Just my opinion

Nolik_19

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it seems to me that this is impossible, since the world has rushed to digitalization

Pesona1

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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.

As long as bitcoin still has great trust from people then I'm not sure if bitcoin will fall to ZERO price, now the bitcoin community has spread throughout the world and even many of the countries in the world see that bitcoin can be a solution for the economy and finance they are like what El Salvador did, with a large community automatically the interest in bitcoin will not stop and even I dare say that bitcoin will never be ZERO in the future...!.
But if we suppose of course if later bitcoin becomes ZERO then what happens in the end we will all leave something that really has no price at all but believe me it's impossible for bitcoin to be Zero.

kryptqnick

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Bitcoin's lowest point was $15700, not 'less than $12k' as the op says. That can be a start of realizing the issue. If you invest in Bitcoin, you need to understand its price dynamics, where to watch it (I use Coingecko, but there are similar alternatives), what happened to the price before and what happened recently. In that case, you'd see that there is no good reason to believe that it will fall to $0, and also that it will fall to $5k, $1k. It's not impossible, of course, but it's highly unlikely, so you can take that as a way of orienting yourself. You could also notice that Bitcoin fell, in terms of percentage from the ATH, even lower the last time the bear market hit.

CryptounityCUT

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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.

It can not drop to 0, one thing is if the wales will see that price is dropping they can burn BTC through different wallets, just send them to the death wallet and supply will drop, and the price should go up. Miners can do that easily.

KingsDen

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

1. Will Bitcoin ever fall to zero someday?

Bitcoin will never fall to zero as far as cryptocurrency market is concerned. This because there are institutional traders and whales in the market. If the price nears anything close to $5,000 whales will push it up immediately and so on.

Quote

2. What happens if it ever falls to zero?

If it falls to zero peradventure which cannot happen, then you know that it is the greatest buying in the history of bitcoin.

Dickiy

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Realistic thinking must also be accompanied by knowledge, don't just be based on illusions that might lead you to a bad page, fundamentally and that's impossible. In my analogy, bitcoin won't end like that, but if the value becomes zero, it's possible. with a note that humans no longer use electricity and the internet, so the point is that bitcoin will never be zero as long as humans still use electricity and the internet in their lives. I think that's pretty realistic and logical.

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Quote from: xSkylarx on January 25, 2023, 09:26:28 PM

It would be a total chaos because for sure it is because of no internet connection, chaos in our world, war anything that is bad that we can think is happening. That is likely will happen if bitcoin if drops to 0 as it is tied to our economy. Though it would be impossible to make it drop to 0 or die but those will happen if ever. Not sure why anyone thinking of this as it has a low possibility. Lets think on positive side.

That will be true, but that will have very little to do with Bitcoin and everything to do with the fabric of society being torn apart and destroying all the structures that our people are built on. Don't get me wrong I think Bitcoin is very important to the world right now but it is still way too young to have catastrophic impact on the world's economy, the crashes we've seen is proof right?

NeuroticFish

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

1. Will Bitcoin ever fall to zero someday?
2. What happens if it ever falls to zero?

Your logic is faulty imho, sorry. And I will tell you how I see it.
If ever (yes, the chances are less than slim, but still) Bitcoin falls to 0, that will be the result of something, not the trigger to something. It would be the result of people losing interest, maybe because of some error we cannot foresee, maybe because something much better was created.
So the answers would be:
1. Most probably no.
2. Nothing special. The relevant things have already happened by then.

Adbitco

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This may not be possible as you think, have you forgotten the rising and falling of the market is what always complete the trading circle principles? Yes, without all these movement there would be no increase and decrease of bitcoin or the entire cryptocurrency at large. Get one thing in return or in mind that if such happened then all altcoin will not survive the hit as well..

xSkylarx

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It would be a total chaos because for sure it is because of no internet connection, chaos in our world, war anything that is bad that we can think is happening. That is likely will happen if bitcoin if drops to 0 as it is tied to our economy. Though it would be impossible to make it drop to 0 or die but those will happen if ever. Not sure why anyone thinking of this as it has a low possibility. Lets think on positive side.

CryptSafe

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I just assume this to be a dream and even if it be a dream i d not think it would be a reality. Although there is every tendencies that there would be a down slope but not to that point as you have spoken. I do not believe bitcoin would go less than the amount as mentioned. I do not in any way envisage it as it can never be a reality. You can talk of altcoin dropping that bad but not bitcoin. The market factor i think would continue to keep bitcoin growing and getting stronger and stronger irrespective of hurdles. Bitcoin has come a long way to have such sudden drop. I am patiently anticipating bullrun as it has gradually started showing up. Do not let anything make you miss this opportunity of bagging more, go fill your bag before the bull speed comes up. Just forget about the scrap that you have mentioned earlier before now and do the needful if you have the funds available. Please, if there is anyone telling you about bitcoin negatively, kindly do well to run away from that person. Bitcoin has come to stay.

GreatArkansas

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

(...)
1. Will Bitcoin ever fall to zero someday?
2. What happens if it ever falls to zero?
(...)

If this will happen, just in case. In my own opinion, expect that the whole cryptocurrency market will also follow, even the altcoins market, I believe they will also go to zero, there is no way altcoins will stay if Bitcoin is already zero.
Another thing is, right now we have already more than $1 trillion entire market cap of cryptocurrency, if this entire market cap will be go to zero, lot of businesses will go bankrupt too and that will lead people also will go bankrupt and I believe there are some huge businesses will get affected.

Stella Mese

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you are not wrong to ask that and I will not laugh at you,
I think bitcoin will be difficult to fall in price to zero,
just try to imagine and see how many people want to buy bitcoin.
so even if the price of bitcoin goes down in my opinion it won't get to zero. unless the world is destroyed.

Sakanwa

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I Thought of this question over and over again that why I asked.
Let us come to realistic now and see from this other angle of life that if eventually bitcoin fells to zero what do you think will happen to alot of people,most of us can even lost our life for it because in life what ever that is sweet always have the bitter side of it, and again the say anything that goes up most surly come down.so I guess we think of it too because we should see what alot of us are talking about 2022 which was last year,how the market system so on our neck and most people thought it is over for them, what it happens to be that it went totally to zero what do we think could happen to some of us

batang_bitcoin

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

1. Will Bitcoin ever fall to zero someday?

Then, we'll go back to our normal lives where we don't have an asset that we can pull up anytime we need some cash and sell for it. But honestly, we do get this type of question repetitively and people should accept the fact that bitcoin will not become zero someday at least in our era, it's highly unlikely that it will be zero.

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

2. What happens if it ever falls to zero?

We'll for sure going to hit our heads hard specially those people like me that have heavily invested on it. But thinking of my loss, how much more those financial institutions that has got hundreds of millions on it.

Del137

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I think there is no point in discussing it because it is unlikely. Let's discuss what happens after Bitcoin reaches 100K

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