What happens next if Bitcoin drops to zero? - page 2.

nara1892

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Quote from: Nrcewker on June 18, 2023, 07:44:25 AM

Quote from: Kadal Ijo on June 13, 2023, 09:55:33 AM

If bitcoin is worthless or zero then cryptocurrencies will end, everyone will no longer believe in cryptocurrencies and what will happen is chaos, those who can sell bitcoin to stable coins of course there is no guarantee that they can withdraw because of this big mess.

First of all as said earlier, bitcoins cannot be valued at zero. The reason is quite simple for this, once bitcoin starts decreasing in its price, people will buy more and more. Hence, it will increase the demand once again, and the price will go up. So yes, discussing on such a topic which is not possible will make the other members confused, so don’t freak when its price is down, just wait and buy as many as bitcoins as you can in this low price.

This is a good point in this case because looking at the current situation, when bitcoin is experiencing a correction, this is always used as a good momentum to make us have more portfolios than before, so as long as this continues, when we say bitcoin becomes 0, it will just be nonsense. for now.

It doesn't mean that bitcoin will be strong forever, but indeed looking at this alone, it can be seen that for the next few years or maybe a decade in the future, that won't happen because as long as there are still many people who have faith in bitcoin, that's how long they will be valuable.

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Quote from: Minecache on June 18, 2023, 06:05:28 AM

The possibility of bitcoin falling to zero is very unlikely, almost impossible, but that doesn't mean it won't happen, as the future is unpredictable.
In my opinion, whether bitcoin exists and continues to develop or not is entirely dependent on our needs, as long as we always need it, it will always exist and have value. The higher the demand, the higher the value always increases.

BTC recently went to $30k, so going to $0 is very unlikely right now. It'll remain a valuable cryptocurrency during our lifetime. Why would BTC go to $0 when it resembles Gold in every way? There's demand from institutional investors to keep "pumping" the price for quite a long time.

While BTC won't go to zero in the timebeing, it will decline in price due to its extremely-volatile nature. You can take the opportunity to buy coins at the dip and sell them at a higher price in the future. As long as decentralization is preserved, you can rest assured Bitcoin will keep "chugging along" as usual. Who if it goes as far as replacing Fiat in the future? Just my opinion

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Quote from: Kadal Ijo on June 13, 2023, 09:55:33 AM

If bitcoin is worthless or zero then cryptocurrencies will end, everyone will no longer believe in cryptocurrencies and what will happen is chaos, those who can sell bitcoin to stable coins of course there is no guarantee that they can withdraw because of this big mess.

First of all as said earlier, bitcoins cannot be valued at zero. The reason is quite simple for this, once bitcoin starts decreasing in its price, people will buy more and more. Hence, it will increase the demand once again, and the price will go up. So yes, discussing on such a topic which is not possible will make the other members confused, so don’t freak when its price is down, just wait and buy as many as bitcoins as you can in this low price.

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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.

The possibility of bitcoin falling to zero is very unlikely, almost impossible, but that doesn't mean it won't happen, as the future is unpredictable.
In my opinion, whether bitcoin exists and continues to develop or not is entirely dependent on our needs, as long as we always need it, it will always exist and have value. The higher the demand, the higher the value always increases.

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2. If the value of Bitcoin falls to zero, it means that the digital currency has no market value or demand anymore. In this scenario, the person holding Bitcoin will incur a total loss on their investment. However, it is important to remember that a fall in Bitcoin's value to zero is an extreme possibility and is highly speculative. Many factors will play a role in determining the future value of Bitcoin, and the cryptocurrency industry is constantly evolving and changing rapidly.

That's why we always advise each other to invest in bitcoin only with the amount we can lose. While bitcoin has huge upside potential, the possibility that it will disappear or decrease in value one day cannot be ruled out.

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

You should mention the dat that bitcoin drooped from 60k to 12k as tou mentioned.

Quote

1. Will Bitcoin ever fall to zero someday?

The answer to this is unknown since no one can oredict rhe future value of Bitcoin and if it will become valueless or keep increasing in value but i am sure, right from 2009 since Bitcoin creation it price have never dropped to zero and the possibility that bitcoin is going to drop to that level.

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2. What happens if it ever falls to zero?

This question is same as the already answered on innthe comment

Quote

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

It will be what?

I cant realy understand what you mean that, are you saying that bitcoin have the possibility of touching zero price in value even when bitcoin is at 25k+ at current market price?

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Quote from: rojan on June 16, 2023, 04:32:29 AM

Quote from: BitcoinBabbler on June 14, 2023, 06:11:29 PM

If the price of Bitcoin drops to zero due to some improbable reason, then there will be a golden opportunity for Bitcoin lovers and investors. The possibility of buying Bitcoin at such a low price will attract many consumers, including myself, who understand the potential and value of cryptocurrency in the long run And this are happens next if bitcoin drops to zero .

I think what you think is never possible. If bitcoin price drops to 20k$ then the market will be very dire. And the thinking you are doing here is completely stupid. Bitcoin market is going through a very bad situation right now. Hope so. Bitcoin market will get better soon but we have to wait for that.

The Bitcoin market has experienced several bad times in recent years, the fact that Bitcoin is able to recover itself with the level of public trust is growing. Bitcoin will continue to maintain consistency as long as it still gains the trust of investors. I will welcome the downturn that Bitcoin is experiencing, when it comes it will be the best time to get Bitcoin cheap. Growing investor confidence makes Bitcoin continue to maintain its value in the future, I believe Bitcoin will reach a new ATH after successfully going through difficult times.

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Quote from: BitcoinBabbler on June 14, 2023, 06:11:29 PM

Quote from: kapalmabur on June 14, 2023, 03:03:04 PM

It never will and will never happen, if FUD appears then it will be good news for the market,
because Bitcoin has often been getting news that Bitcoin will die and bitcoin will go to zero,
but look at it now! how did bitcoin develop and how was bitcoin adopted? yes! bitcoin succeed to change the world!.

If the price of Bitcoin drops to zero due to some improbable reason, then there will be a golden opportunity for Bitcoin lovers and investors. The possibility of buying Bitcoin at such a low price will attract many consumers, including myself, who understand the potential and value of cryptocurrency in the long run And this are happens next if bitcoin drops to zero .

I think what you think is never possible. If bitcoin price drops to 20k$ then the market will be very dire. And the thinking you are doing here is completely stupid. Bitcoin market is going through a very bad situation right now. Hope so. Bitcoin market will get better soon but we have to wait for that.

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Quote from: Kadal Ijo on June 13, 2023, 09:55:33 AM

If bitcoin is worthless or zero then cryptocurrencies will end, everyone will no longer believe in cryptocurrencies and what will happen is chaos, those who can sell bitcoin to stable coins of course there is no guarantee that they can withdraw because of this big mess.

Yes agree with you because every crypto is related with bitcoin and large number of people wants to be a successful person through bitcoin investment so whenever bitcoin become goes to zero then there will be huge losses faces by every individual.

People have put maximum percentage of their money into bitcoin, some have sold portion of earth for investment in Bitcoin so if it downs to zero then I think that people will not be able to maintain their business by using money. I don't think that bitcoin will go to zero value but if it occurs then there will not be a single coin which will be accepted by individuals and also the worth of every coin will go to zero.

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Quote from: Kadal Ijo on June 13, 2023, 09:55:33 AM

If bitcoin is worthless or zero then cryptocurrencies will end, everyone will no longer believe in cryptocurrencies and what will happen is chaos, those who can sell bitcoin to stable coins of course there is no guarantee that they can withdraw because of this big mess.

The worst scenario won't happen for at least the next 20 or 30 years, Bitcoin's growth is increasing which encourages investors to entrust their money stored in Bitcoin because Bitcoin is considered digital gold. The reason Bitcoin continues to have value and its value will continue to spike is because of scarcity. Even though at certain times it moves sideways, this condition will not make Bitcoin fall deeper, Bitcoin can also be used as a means of payment for goods or services. Bitcoin can be owned by people who have limited money, in other words anyone can hold bitcoin because it can be broken into smaller sizes or can be divided into 1 satoshi.

Increased public trust in Bitcoin because it can store value, bitcoin is increasingly being hunted during world economic turmoil because it has intrinsic value. Something that is considered valuable that can be used as a store of value, Bitcoin will continue to have value because it is increasingly being chased by investors and has begun to be adopted as a legal currency in a country. It really doesn't make sense for Bitcoin to fall to Zero when its presence begins to be accepted by some people around the world and begins to be accepted as a special guest in several countries.

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Quote from: kapalmabur on June 14, 2023, 03:03:04 PM

It never will and will never happen, if FUD appears then it will be good news for the market,
because Bitcoin has often been getting news that Bitcoin will die and bitcoin will go to zero,
but look at it now! how did bitcoin develop and how was bitcoin adopted? yes! bitcoin succeed to change the world!.

If the price of Bitcoin drops to zero due to some improbable reason, then there will be a golden opportunity for Bitcoin lovers and investors. The possibility of buying Bitcoin at such a low price will attract many consumers, including myself, who understand the potential and value of cryptocurrency in the long run And this are happens next if bitcoin drops to zero .

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It never will and will never happen, if FUD appears then it will be good news for the market,
because Bitcoin has often been getting news that Bitcoin will die and bitcoin will go to zero,
but look at it now! how did bitcoin develop and how was bitcoin adopted? yes! bitcoin succeed to change the world!.

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Quote from: Wong Gendheng on June 09, 2023, 11:00:30 PM

If the price of drop to zero, of course, cryptocurrencies will end, before reaching zero, of course there will be many exchanges that close the service because they also do not have money to pay for consumers, what happens is of course a big panic when many exchanges that close and memories about bitcoin will continue to be discussed a lot people and become top trending.

By having one of the factors of popularity that is large enough, it is difficult to believe that Bitcoin will be Zero or there will be a crash that is so terrible that it causes Bitcoin to be worthless, in other words it will turn into Zero, and followed by the others, they will all have no value at all , as well as some centralized exchanges and also exchanges will be closed. However, we think this is difficult.

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Many people are too optimistic that bitcoin will not be zero or worthless, this is natural because they are still very dependent on Bitcoin and cryptocurrencies, but as humans who believe in change, we must prepare from now if Bitcoin is not valuable, I hope Bitcoin can survive Until at least 100 years away, but if tomorrow Bitcoin is zero worth then I will not be sad.

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Quote from: Ngemmeng on June 13, 2023, 06:16:37 PM

Quote from: judaspriest on June 10, 2023, 08:24:33 AM

Quote from: Wong Gendheng on June 09, 2023, 11:00:30 PM

If the price of drop to zero, of course, cryptocurrencies will end, before reaching zero, of course there will be many exchanges that close the service because they also do not have money to pay for consumers, what happens is of course a big panic when many exchanges that close and memories about bitcoin will continue to be discussed a lot people and become top trending.

Bitcoin will never go to zero, because currently the adoption by countries, companies and several important figures is very massive,
the demand and market cap are also high, so I myself see that technically it is impossible to happen.
but if this world disconnects the internet then yes Bitcoin will go back to zero haha LoL Grin

.

I also know that the bitcoin price will not go to 0 but right now we are talking about imagining what will happen if the bitcoin price is 0, maybe you are being too serious Roll Eyes

if the world were without the internet not only would the price of bitcoins be 0 but so would most electronics Grin

but I'm sure before that happens we will find an alternative to electricity Cool

It's ridiculous to talk about bitcoin going to zero, because it's impossible to happen,
yes I can be sure 100000% bitcoin will always exist in this world,
because bitcoin was created to change a more advanced world, so we have to support it with Hold Bitcoin for a longer term

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

Please don't let my question cause so much hate on me but rather let's also be realistic at times.

It's okay to ask questions, however you could have googled or searched on the forum to find many similar threads that will possibly have the same answers that you would get here.

....I will answer anyway.

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

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

1. Unless there is a technical error or disruption that renders Bitcoin absolutely worthless (very unlikely) then there's no chance it will fall to 0. For every seller, there is a buyer. This creates the market we have today. When the price drops to $20k because of sellers, there will be buyers seeing the opportunity and buying. This principal follows all the way down from $10,000, $1,000, $100, $10, $1. The lowest price that you think the world would think is a bargain, is probably the lowest price. Technical analysis can prove this assumption.
2. Then it would mean free Bitcoin for whoever takes it from whoever is giving it away for free, for as long as that lasts. It could only be worth $0 if every single person holding Bitcoin decides that it is worth nothing anymore and for some reason hate it so much that they decide to give it away for free. Likelihood? 0%. Even if a major technical issue happens, I doubt people would give their Bitcoin away for free.

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Quote from: bettercrypto on June 13, 2023, 06:45:42 PM

Quote from: Sakanwa on January 25, 2023, 07:48:07 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.

Although it is impossible for your question to become zero again, if it does happen again, I am certain that all Bitcoin believers will take advantage to buy a lot of Bitcoin including me of course.

If the value of Bitcoin has become expensive, many people are buying it, what if it goes back to zero value again, it is even more so of course that many people will buy it because they have seen that it has an impact on the community and the economy of everyone of the country actually.

Bitcoin lovers and investors alike would have a golden chance if for some improbable reason the price of bitcoin dropped down to zero. The possibility of purchasing Bitcoin for such a low price would draw a huge influx of consumers including myself who would understand the cryptocurrency potential and value in the long run. Such an event might rekindle community enthusiasm and spark renewed interest in Bitcoin potential influence on global economies. Although it is exceedingly unlikely that Bitcoin would ever reach zero if it did it would offer individuals a once in a lifetime opportunity to profit from a precious asset that has established its relevance in the world of finance.

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Quote from: Sakanwa on January 25, 2023, 07:48:07 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.

Although it is impossible for your question to become zero again, if it does happen again, I am certain that all Bitcoin believers will take advantage to buy a lot of Bitcoin including me of course.

If the value of Bitcoin has become expensive, many people are buying it, what if it goes back to zero value again, it is even more so of course that many people will buy it because they have seen that it has an impact on the community and the economy of everyone of the country actually.

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Quote from: judaspriest on June 10, 2023, 08:24:33 AM

Quote from: Wong Gendheng on June 09, 2023, 11:00:30 PM

If the price of drop to zero, of course, cryptocurrencies will end, before reaching zero, of course there will be many exchanges that close the service because they also do not have money to pay for consumers, what happens is of course a big panic when many exchanges that close and memories about bitcoin will continue to be discussed a lot people and become top trending.

Bitcoin will never go to zero, because currently the adoption by countries, companies and several important figures is very massive,
the demand and market cap are also high, so I myself see that technically it is impossible to happen.
but if this world disconnects the internet then yes Bitcoin will go back to zero haha LoL Grin

.

I also know that the bitcoin price will not go to 0 but right now we are talking about imagining what will happen if the bitcoin price is 0, maybe you are being too serious Roll Eyes

if the world were without the internet not only would the price of bitcoins be 0 but so would most electronics Grin

but I'm sure before that happens we will find an alternative to electricity Cool

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

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

1. Not that an expert but there's a possibility that it may fall at zero unless there's some reasonable amount of countries that bans it. If there are still countries that takes it as a commodity I don't think it will fall to zero. There should be a perfectly strong condition before it gets to that level and no one wants to use it anymore.
2. Well, it's game over of course for the whole cryptocurrency sphere unless there are some sort of individuals that will continue later on.

I think I get it when we thought of something that isn't yet fully established like what internet was like way back, there are lot of questions like this and most are just doubtful for a reason. Yet, we are reaping the rewards now from those geeks and believers who continue to believe. We can be those new geeks and believers now. WAGMI.

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Quote from: Kadal Ijo on June 13, 2023, 09:55:33 AM

If bitcoin is worthless or zero then cryptocurrencies will end, everyone will no longer believe in cryptocurrencies and what will happen is chaos, those who can sell bitcoin to stable coins of course there is no guarantee that they can withdraw because of this big mess.

And that will never happen. At least, during our lifetimes. Saying that BTC will go to zero, would be no different than saying Gold will go to zero. There's so much money invested in this industry to let it all go to waste. Governments and banks will try hard to plunge market prices all the way down the drain. But they will fail, leaving them no other choice but to join the revolution.

I'd say we're still early to the game, as Bitcoin isn't even used everywhere yet. Once the vast majority of the world's population adopts BTC, prices will never be as low as they are right now. Probably in the millions to say the least. Who knows if we're bound to become the next Bitcoin millionaires soon? Just my opinion

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