What happens next if Bitcoin drops to zero? - page 11.

Quidat

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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. No one knows on what would be the future, because we do know that nothing is permanent into this world but if Bitcoin would sustain out that kind of demand that we are seeing
today and keeps increasing as years passing by then it would really be hard to assume out that kind of condition.

2. Going to zero? For sure people had already flocked out into other coins or projects in the market.If it turns out that there's much more better
than with Bitcoin then you cant really stop the public or community on that.

Cryptomiles1

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If you must know it will be very hard for such to happen because if it falls below 10k then is a new opportunities for investors and to those who have been wishing for it to drop for them to fill their bags most especially me, I don't mind buying with all my live savings to make sure I hold some reasonable amount of bitcoin. But nevertheless, don't you ever dream about what you just think of because I know it won't happen.

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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?

1. Not impossible but seems like a very small chance. You must know that too many big players joined BTC investment already, even a country like El Salvador joined it. As long as there are big demands, it is unlikely to fall to zero value.

2. Simple, everyone loses their money in BTC if it falls to zero. But with a big community and big money circulation on BTC, it seems to never happen.

darkangel11

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There's literally 0% chance for it to happen. I'd say there's a higher probability of World War III and the world being nuked into oblivion than bitcoin going to 0.
Let's say it theoretically happens and you're asking what happens next. So for that to happen we'd need a large crash on equity markets. I just don't see a way for bitcoin to go to 0 without a devastation on the markets and for that to happen we'd need another pandemic or a nuclear war. I guess we'll all be in deep shit if that happens so you'll have other things to worry about than your little investment.

TimeTeller

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Quote from: kamvreto on January 25, 2023, 05:04:36 PM

often come across threads like this and ask whether bitcoin will reach zero price or be worthless at all.
Do they expect bitcoin to be worthless or to be the end of bitcoin?
Let alone wishing for bitcoin to go to zero, Bitcoin under just $1k is currently still impossible. Bitcoin is a new technology that still needs development, but even so bitcoin has become a popular digital asset and has great value. that means bitcoin gets attention from all walks of life, both the pros and cons of bitcoin.
Instead of expecting bitcoin to fall to zero, it's better to start investing now, buy and hold bitcoin you will get the benefits.

I believe, they are more on like getting insights from crypto users.
As they are also investing in btc, they are checking the sentiments of the community.
I have the feeling that they just want to get assurance about investing on this market.
As of the moment, going down to zero is not anywhere in the horizon.
So they should feel confident about their holdings, worry if you can read any news anymore about btc or crypto.

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often come across threads like this and ask whether bitcoin will reach zero price or be worthless at all.
Do they expect bitcoin to be worthless or to be the end of bitcoin?
Let alone wishing for bitcoin to go to zero, Bitcoin under just $1k is currently still impossible. Bitcoin is a new technology that still needs development, but even so bitcoin has become a popular digital asset and has great value. that means bitcoin gets attention from all walks of life, both the pros and cons of bitcoin.
Instead of expecting bitcoin to fall to zero, it's better to start investing now, buy and hold bitcoin you will get the benefits.

Asiska02

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Allow me to apply the word ‘unrealistic’ to your question. Do you ever consider the implications of what might happen if it does? I'm certain it will never happen. If such a technology or economy is introduced, I believe there are stronger forces that control its use and would not allow it to happen after so much investment in it. The answer to your question is almost certainly not going to happen.

hatshepsut93

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Quote from: slaman29 on January 25, 2023, 11:12:13 AM

And that's why I always insist that we do a heck lot more for Bitcoin simply by using it, by asking for it to be used, and just really making sure we do all we can in the smallest way to keep using it (especially to create on chain transactions).

People love to praise the hodlers but I think the users are the real unsung heroes.

People like to tell that hodlers are also users, but in terms of affecting the price, hodlers only reduce the supply, they don't create demand if they are not buying more coins. While those who use it for payments increase the utility of Bitcoin, and thus help creating the demand.

People think that Bitcoin will be worth $1,000,000 because it has fixed supply, but they don't explain why they think that demand for Bitcoin will grow and not stay the same or even fall.

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One day, later? When? Will we still live there? Grin

I think with the condition that bitcoin is still being mined and it still takes about a century to run out, bitcoin won't touch that and it's likely that we won't exist if they really touch the number 0.
I don't like to make assumptions like this because this is impossible in my opinion as long as I live and I believe that even though no one knows what will happen in the future, but bitcoin to point 0 is an impossibility.

Maestro75

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Quote from: Obari on January 25, 2023, 09:46:44 AM

I haven't thought of Bitcoin falling to zero because Bitcoin operates on nodes and it might be possible if there aren't any single nodes running on the Blockchain which we know wouldn't be possible.

You said this because you have not experienced heavy dumping before of any altcoin. If you have witnessed something like that before you will understand what op is trying to say. Many altcoins with nice prices in the past later dumped heavily and died off while some that are still trading today are with little or no value. You will say bitcoin is an exception and will not go to zero. But that was the same thing that was said about some of those other altcoins that disappeared from the market and went dead.

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

1. Will Bitcoin ever fall to zero someday?

I don't think that can ever be possible, if you say bitcoin will dump, I believe that but I don't think Bitcoin will fall to zero someday. If bitcoin will fall to zero, I believe it will have happened, we all see the challenges bitcoin have faced, but bitcoin haven't fall to zero so I don't think anything will happen that will make bitcoin fall to zero.

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

2. What happens if it ever falls to zero?

I don't think anybody knows what will happen, but i don't think Bitcoin will fall to zero, let's wait till bitcoin fall first before we will know what will happen.

Oneandpure

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What your reason believing bitcoin price drop to zero? I can laughing with your question how possibility have in your minds asking about Bitcoin potential drop to zero values. Impossible about Bitcoin back to zero price and there are not any owner controlling with Bitcoin and supply right now spent on several investor not mine by one person like altcoin.

I think stop with your worried about Bitcoin back to zero, you loss anything having bad or negative side in your mind when investing in Bitcoin. I think you have bad started or mindset when investing in real business because you have forward with loss first time than think how to increase and earn profit due investment way.

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Op in the response to your title I would say just one word, Impossible. Drops to zero is not possible as this is not the Luna project dear this is Bitcoin the asset which is considered as the digital store of value and no doubt it can drop but dropping to zero seems impossible. I would like to say that the Bitcoin community sets their psychological support line, actually, this line is updated on every halving and Cycle where users consider this is the maximum drop and they Buy blindly there drop below that line is 99% impossible as the recent line was 12k and we saw it clearly that market didn't dropped below that point.

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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. Nothing lasts forever and never say never. There may come time when that happens but nowhere in near future, simply because it's truly the most decentralized, widely accepted and supported cryptocurrency. I would even say that there is a high chance that solutions will always come for this coin, for instance, lighting network was integrated when there was a problem of sending transactions because of enormous fees.
2. Currencies come and go, a lot of currencies in a lot of countries have crushed and failed during the history. In Germany, during 20'th century, the country went from Papiermark to Rentenmark to Reichsmark to Deutsche Mark to Euro.
At the moment I would say that there are two alternatives:
If it falls to zero, an alternative will rise.

Fivestar4everMVP

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

1. Will Bitcoin ever fall to zero someday?

This will likely never happen, if it was possible for bitcoin to fall back to zero, a lot of the negative stuffs that have happened in the previous years and before now would have driven its price to zero, the price fall from over 60k to where it is today has become of the characteristics of crypto, this is why we are always warned that prices are highly volatile, so its nothing to worry about as long as you are not buying bitcoin with a mindset to become a millionaire over night.

Quote

2. What happens if it ever falls to zero?

We all pack our bags and luggage's are return to our individual homes and life goes on.. Grin

..
But on a more serious note, Bitcoin is never falling to zero mate, think of all the big names that have invested billions of dollars in bitcoin, do you think they would allow such a thing happen to their investment?

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Quote from: borovichok on January 25, 2023, 02:01:52 PM

Quote from: uneng on January 25, 2023, 12:57:24 PM

No, just look how many crypto related businesses there are nowadays. Basically these businesses rely on bitcoin for the survival of their businesses. These people won't let bitcoin reach to zero. There is a whole ecosystem composed by employers, employees, developers, freelancers, investors, traders, merchants who beneft from bitcoin in a daily basis. Moreover, without bitcoin I don't think we would have access to a real decentralized currency which nobody can shut down or print more of it as they wished. The trust bitcoin achieved from adopters is unique and it's also a factor to boost the currency's price.

Multiple investment in bitcoin have drained do many businesses, perhaps bitcoin is one of the solid investment available in the space but also at a risk. Bitcoin dumping to zero is impossible, the chances of dipping to zero is very slim, because the investors especially the whales are not ready to take any risk to liquidate their accounts. Top companies have their investment in bitcoin with gigantic pieces of bitcoin, even Elon Musk and Changpeng Zhao have stored bitcoin in their cold wallets inother to use it for future purpose.

And even if whales wished to liquidate all their holdings, in an attempt to drive bitcoin's price to zero, that would be great and healthy for the market, because we would finally get rid of manipulation here, as all the coins dropped by them for sale would be immediately purchased by new and small investors who were waiting bitcoin to get cheaper to invest. Indeed there would be a momentaneous crash in price, but that should be instantly reverted by a bullish tendendy due to removing the big players from the game. Whales aren't crazy to do that, though. That would be too good to be true.

pixie85

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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?

0 what? Even if it falls to 0 dollars it will not be 0 rupees or yens.

It can fall to 0 in a given currency if that currency undergoes a reset. A Turkish lira isn't doing so well. If it disappears then bitcoin will be worth 0 in Turkish money.

What happens? Nothing. In 2009 when Bitcoin was invented there was no spot markets so bitcoin was worth 0 but it doesn't mean it was worth 0. People could trade it so it was worth money to them but there was no ticker to tell you about their transactions.

borovichok

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Quote from: uneng on January 25, 2023, 12:57:24 PM

No, just look how many crypto related businesses there are nowadays. Basically these businesses rely on bitcoin for the survival of their businesses. These people won't let bitcoin reach to zero. There is a whole ecosystem composed by employers, employees, developers, freelancers, investors, traders, merchants who beneft from bitcoin in a daily basis. Moreover, without bitcoin I don't think we would have access to a real decentralized currency which nobody can shut down or print more of it as they wished. The trust bitcoin achieved from adopters is unique and it's also a factor to boost the currency's price.

Multiple investment in bitcoin have drained do many businesses, perhaps bitcoin is one of the solid investment available in the space but also at a risk. Bitcoin dumping to zero is impossible, the chances of dipping to zero is very slim, because the investors especially the whales are not ready to take any risk to liquidate their accounts. Top companies have their investment in bitcoin with gigantic pieces of bitcoin, even Elon Musk and Changpeng Zhao have stored bitcoin in their cold wallets inother to use it for future purpose.

Lillominato89

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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.

if ever one day Bitcoin will drop to zero again it will mean that it has failed its mission, I see it as a very unlikely scenario but everything is possible in this world! I believe that the only chance of Bitcoin going to zero is if a flaw is found in the protocol! I don't see any other valid solution at the moment.

Crypto_H

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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 is difficult to predict whether or not Bitcoin will fall to zero in the future. Some experts believe that Bitcoin's underlying technology and decentralized nature make it a resilient and valuable asset.
If Bitcoin were to fall to zero, it would likely have a significant impact on the individuals and companies that have invested in the cryptocurrency. Many people would likely lose a significant amount of money, and companies that have built their business models around Bitcoin may have to close or find other ways to stay afloat. Additionally, the fall of Bitcoin could also have a negative impact on the broader cryptocurrency market, and may cause investors to lose confidence in the overall potential of digital currencies.

So, overall, it's very unlikely to happen.

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