Topic: What happens next if Bitcoin drops to zero? - page 12. (Read 2213 times)
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.
It is good to be prepared for anything and btc like any other assets can fluctuate in price base on demand, it is possible for the price to drop alot but it is highly unlikely to go to zero, except there are major issues that occur to force the price to drop to zero.
Such as :- security breach, total lack of demand, major btc scam, and a global ban from all countries government (highly unlikely) and other serious issues.
Despite all these can result in the fall of btc price, don't forget btc has a decentralized network with a fixed supply which means there will always be people interested in the technology.
Such as :- security breach, total lack of demand, major btc scam, and a global ban from all countries government (highly unlikely) and other serious issues.
Despite all these can result in the fall of btc price, don't forget btc has a decentralized network with a fixed supply which means there will always be people interested in the technology.
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?
Bitcoin is not controlled by any single person so there is no doubt that it can be scam or valuless. It is a decentralized digital currency. And as the father of cryptocurrency so I don't think anything like that can happenThough 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?
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2. What happens if it ever falls to zero?
If something like this happens, there will certainly be many problems and the economy of many countries will suffer. Bitcoin holders will suffer and the entire crypto market will die. Crypto wouldn't survive if something like that happened to Bitcoin. However, this is not possible with Bitcoin 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?
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?
I doubt that this would ever happened due to its influence on the whole cryptocurrency world. If the price were to drop to zero (0), then expect every cryptocurrency to at least follow the same fate. If a permanent ban were to be implemented to all cryptocurrencies, then there will be that possibility of it becoming obsolete.
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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 will be if this questions are answered without sentiment as I'm open to learn.
If the price of gold falls to zero, would you purchase it? If a certain thing has no value, then there would be no use for it. Fortunately for gold, it is tangible. But in BTC, when its price falls to zero, then I doubt that it will have any use as an investment instrument or mechanism. There would be no liquidation and transactions that will make it possible for a person to use it.
Give us a good argument why you believe Bitcoin will eventually reach zero. because it is your fear, and it should be based on something. I don't see any justification for the price of Bitcoin to fall to zero. It would only occur if one individual were to amass all Bitcoin, which is almost impossible. I anticipate there may be issues, but developers will come up with appropriate solutions. Bitcoin will also exist if cryptocurrency does. It is impossible to completely destroy.
I've at some point after watching how the market and price of Bitcoin fell from over $60k to less than $12k
When did bitcoin drop from $60k to $12k? Maybe you meant up to $15k.
1. Will Bitcoin ever fall to zero someday?
Theoretically, anything can happen. Bitcoin's zero value could be if the network is compromised or somehow the private keys can be cracked quickly. The probability of such events is extremely low.
2. What happens if it ever falls to zero?
Maybe a hardfork will happen and bitcoin will restart in a new chain as one of the options.
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.
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. Yes it will go to zero one day there is no doubt about that
2. Probably not a lot as chances are big electricity will also be down and the planet on fire
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.
2. The second question I would formulate differently: what should happen for the price of bitcoin to fall to zero?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. Well, if BTC will ever cost 0, then the consequences are obvious. Humanity will lose interest in this and, therefore, bitcoin will be destroyed as a currency, investment tool and technology. Nothing is forever, which means that even btc will cease to exist. Once. Maybe in hundreds of years, or maybe in thousands, but certainly not tomorrow and not in 10 years.
Falling to zero means that no one will want Bitcoin and there will be no Bitcoin trading. I think for that to happen nearly all Bitcoin users must lose interest in Bitcoin, which would lead to collapse of the network. So realistically this would be a long process that can take decades, rather than one single sudden crash to zero. If it falls into obscurity, I see no chance of revival after that, because if there was such chance, it would have prevented it from happening in the first place.
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.
I don't think it will ever go to zero. But I'd definitely want to see what would happen. How the market would respond? Will there even be a crypto market after that?
1. Will Bitcoin ever fall to zero someday?
2. What happens if it ever falls to zero?
2. What happens if it ever falls to zero?
1.There’s a possibility that Bitcoin will turn to zero value since it’s price is backed by speculation but it’s very slim to happened because there’s always someone who’s willing to purchase Bitcoin on low price before it will go down to zero.
2. Of course crypto market will be collapse since Bitcoin as the most trusted cryptocurrency. The whole market will follow if the king collapse.
1. Unlikely.
2. Then total wipe up of the entire crypto market. It's because majority of the altcoin's market are reliant to bitcoin and that's why if it gets to zero, then almost everything goes to zero as well and that means that the crypto market has totally been wiped.
2. Then total wipe up of the entire crypto market. It's because majority of the altcoin's market are reliant to bitcoin and that's why if it gets to zero, then almost everything goes to zero as well and that means that the crypto market has totally been wiped.
Falling to zero means that no one will want Bitcoin and there will be no Bitcoin trading. I think for that to happen nearly all Bitcoin users must lose interest in Bitcoin, which would lead to collapse of the network. So realistically this would be a long process that can take decades, rather than one single sudden crash to zero. If it falls into obscurity, I see no chance of revival after that, because if there was such chance, it would have prevented it from happening in the first place.
It's hard to see bitcoin crashing to zero one day. However, it could happen when another technology is more promising than bitcoin and everyone in bitcoin is moving on and using that technology. And if indeed the value falls to zero, there will be extraordinary panic in the market because many people have bought bitcoins at various prices. They will experience depression after seeing the bitcoin price become zero. But until now, bitcoin is still holding up, and we are sure that bitcoin will create new ATH again after getting a long rally.
Practically it’s quite impossible for Bitcoins to fall at 0. Altcoins case are different and it’s completely pointless to compare any altcoin with Bitcoins. The reason for which Bitcoins won’t fall to this extent is due to the marketcap of the coin. It simply indicates what the trading volume or amount of Bitcoins that is being transacted all over the market. So yes if Bitcoins fall at certain level, it will gain back in price, or more people will buy it as soon as they see a drop in the price. So yes Bitcoins cannot come to 0 if we see in real life.
Even if electric vehicles sucked up all the electricity so that nodes couldn't run, the blockchain would still exist.Once sanity prevailed, and EVs were banned, then the nodes and miners would restart.
Actually that wouldn't happen, because people like me would be mining using solar power.
Actually that wouldn't happen, because people like me would be mining using solar power.
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 bitcoin becomes zero, surely the state of the world is in a very severe economic crisis, or a situation worse than an economic crisis, namely the world is in a state of war.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.
other than that, I'm sure bitcoin will not be zero, as long as humans exist, the internet is still running, the economy is still there and is still running, bitcoin will definitely still exist and will not be zero.
I don't think, the price of BTC will drop to zero because, if you flash back to know where the price of BTC started from, you will know that it will be difficult for the price of BTC to drop down to zero level in the market. Since BTC teams are seriously working every night and day to ensure BTC still remain the king among other cryptocurrencies which will be some of the reason the price will not dump to zero level. I will advise you to invest in BTC now so that you will be part of those that will celebrate soon because, you sound like some people that will regret when the price of BTC hit $100k soon.
1. Will Bitcoin ever fall to zero someday?
people might think Bitcoin will be just like any other crypto. market entry, pump, dump, and die. but Bitcoin is different, Bitcoin has a really strong market. if it goes down sharply, there will always be those who believe in Bitcoin and buy it. and when it gets cheaper, it will also be offset by higher demand. it will stabilize the price again.2. What happens if it ever falls to zero?
it's hard to think about that. but if the fate of Bitcoin is like shitcoin which eventually has to be 0 (although I believe it will happen), it means that there is an alternative solution that is technologically and in use better than Bitcoin. of course, that can be a bridge from the problem of managing money as a transaction tool in the world. 
1. Will Bitcoin ever fall to zero someday?
2. What happens if it ever falls to zero?
2. What happens if it ever falls to zero?
Take it as it is for now that bitcoin will not go down to zero, other altcoins may do so, had it been you have carried enough research about bitcoin having the full understanding of the role it has come to play then you would have understood better the more reason why bitcoin cannot go down to zero, but been a newbie, there's no amount of information we can give you if you don't agree with all hat had been said about and written about bitcoin you will never make profits out of it or even believe it won't go down, but i think the 14 years consistency is good enough as a reason to get you understand bitcoin will not end being a currency.
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