What happens next if Bitcoin drops to zero? - page 5.

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

Quote from: MFahad on May 24, 2023, 04:02:25 PM

I think that bitcoin will fall to zero if there is not a single person to accept bitcoin and as we see bitcoin is regularly pumping and no one can deny its success.

The very easy way to not sad when bitcoin become to zero is that whenever you achieve profit then remove your profit and save it with yourself and the remaining amount which you initially used for bitcoin investment will still be used as investment so whenever this happens you will have take your profit so there will be no need of regret in bitcoin.

I don’t even think I’m that scenario it would hit $0. I’m sure people would buy them all if it got anywhere near $100 again. Ironically, a price collapse and abandonment of users would make the blockchain much cheaper and more functional to use, thereby starting another wave of development and new use cases. If you’re in Bitcoin for the tech and not the money, a much lower price is probably a good thing.

MFahad

hero member

Activity: 2464

Merit: 644

Eloncoin.org - Mars, here we come!

I think that bitcoin will fall to zero if there is not a single person to accept bitcoin and as we see bitcoin is regularly pumping and no one can deny its success.

The very easy way to not sad when bitcoin become to zero is that whenever you achieve profit then remove your profit and save it with yourself and the remaining amount which you initially used for bitcoin investment will still be used as investment so whenever this happens you will have take your profit so there will be no need of regret in bitcoin.

Abiky

legendary

Activity: 3108

Merit: 1351

www.Crypto.Games: Multiple coins, multiple games

Quote from: ShowOff on May 16, 2023, 01:44:25 PM

Experience and knowledge have taught us patience when dealing with market volatility. Bitcoin is an asset that can still fundamentally thrive in its use cases as a means of payment, but of course not everyone can ignore the potential for eventual technical failure.

Bitcoin will only become 0 or worthless when all governments agree to ban all trading or there is a technical failure. The ordinal case becomes a new problem for cases of using bitcoin as a means of payment to a certain extent, this is due to very high transaction fees. In the end it is possible to become 0 and then bitcoin will be replaced by another, better asset. Was that the expected conclusion? I don't overfeed him.

Gold never went to $0, so why should Bitcoin go all the way down the drain? The only ones who want BTC to lose its value are none other than haters and/or people who've missed the train. The rest of us want BTC to keep going all the way to the moon. It's never going to happen unless there's a full-scale nuclear war (WW3) or the Internet is shut down forever. I'd say the odds of Bitcoin losing its value are pretty slim. Some governments are adopting BTC as legal tender, so BTC will only go up in price within the not-so-distant future.

The question is: Are you accumulating BTC to prepare yourself for the "big pump"? The cryptocurrency is predicted to hit a new ATH soon, so I'd suggest you take this opportunity to buy coins at a discount before everything goes back up again. Who knows if BTC beats Fiat currencies someday? Just my opinion

Wong Gendheng

sr. member

Activity: 1428

Merit: 252

I'm sure one day Bitcoin is worthless or zero, before the price of zero occurs maybe when the price of $ 100 there will be a large panic, everyone wants to sell Bitcoin but all exchanges will close the withdrawal service to the bank and before that happens then we must always be vigilant, Check the price at least 3 times a day, if the drop price is significant for example 20% a day then sell at least 50%.

yohananaomi

sr. member

Activity: 2366

Merit: 267

Vave.com - Crypto Casino

Quote from: Kadal Ijo on May 12, 2023, 06:24:02 AM

What we have to understand is that changes will occur, currently bitcoin is very valuable but I'm sure that one day the price of bitcoin will return to zero or no value, of course there are many things that make bitcoin worthless, for example, it is found that a program can guess the bitcoin algorithm so that bitcoin owners it will be easy to hack.

it's possible like you said because the development of science will always be more advanced than before, for that we must always be wise in making any investment, which is likely to always occur unexpected changes. continue to monitor every investment that has been made at any time, if there is a change it is faster to anticipate it, at least so as not to lose a lot of the value of the investment made.

reagansimms

hero member

Activity: 952

Merit: 541

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

1. Will Bitcoin ever fall to zero someday?

Technically the price of Bitcoin "maybe" fall to Zero like it did with Terra Luna because Bitcoin is not a Stablecoin. If you follow the movement of Bitcoin prices from year to year, of course you cannot predict with certainty when Bitcoin will rise and when Bitcoin will fall. It is very unlikely that Bitcoin will fall to zero because of its decentralized nature which can provide a strong foundation for Bitcoin that is not easily shaken by any party.

In addition, a group of Bitcoin investors (whales) can have a large influence on the price of Bitcoin, their power backed by large capital allowing them to create shocks or manipulate the market when they see fit to do so. Those who have long used Bitcoin as a medium to make money can carry out certain scenarios to prevent Bitcoin from falling to zero.

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

2. What happens if it ever falls to zero?

If Bitcoin falls to zero, it will likely result in the collapse of other cryptocurrencies. A fall of Bitcoin to zero will cause huge financial losses for millions of investors around the world. Investors will soon release all their assets because other Cryptocurrencies may follow Bitcoin.

Source: https://www.makeuseof.com/what-would-happen-bitcoin-price-zero/

bettercrypto

sr. member

Activity: 1316

Merit: 268

★Bitvest.io★ Play Plinko or Invest!

What you want is also realistic, my answer to you is that Bitcoin will not become zero value, because literally speaking Bitcoin did not start with zero value. other countries it is already helping the economy of those who have adopted it do you think they will abandon and not protect Bitcoin?

Remember that there were many people who tried to overthrow bitcoin but none of them succeeded, instead the others who used to criticize it now just adapted it because they saw that it can help every country. But then, Only time will tell what the future holds for Bitcoin.

livingfree

hero member

Activity: 2772

Merit: 576

Quote from: ShowOff on May 16, 2023, 01:44:25 PM

Experience and knowledge have taught us patience when dealing with market volatility. Bitcoin is an asset that can still fundamentally thrive in its use cases as a means of payment, but of course not everyone can ignore the potential for eventual technical failure.

Bitcoin will only become 0 or worthless when all governments agree to ban all trading or there is a technical failure. The ordinal case becomes a new problem for cases of using bitcoin as a means of payment to a certain extent, this is due to very high transaction fees. In the end it is possible to become 0 and then bitcoin will be replaced by another, better asset. Was that the expected conclusion? I don't overfeed him.

IMHO, it is no problem even if the government bans all of those trading activities and everything related to Bitcoin. But about the high fees, and being replaced by a better asset. It's possible.

We all want to have the fees lower and use it as much as we can. But if the fees aren't going with the feature that we want which is being lowered.

We're going to look for something else that's much better than it. Well, it's still making me think that it won't be replaced and hardly gonna become to zero.

dunfida

legendary

Activity: 3052

Merit: 1129

Quote from: ShowOff on May 16, 2023, 01:44:25 PM

Quote from: Abiky on May 16, 2023, 01:15:19 PM

We could say the market has spoken, as BTC's market price went down because of the high TX fees. But going to zero is impossible unless something catastrophic happens which renders Bitcoin inoperable. I think a full-scale nuclear war (WW3?) will destroy Bitcoin for good. But we don't have to worry about this at least during our lifetime.

The only ones who want BTC to go to zero are nothing more than haters (banks, governments, some wealthy people) or those who missed the Bitcoin train. I'd just ignore these people and continue buying and "hodling" BTC for my own benefit. With the halving right around the corner, there's only one way Bitcoin will go. And that is up in price. Who knows if it beats Fiat for good? Just my opinion

Experience and knowledge have taught us patience when dealing with market volatility. Bitcoin is an asset that can still fundamentally thrive in its use cases as a means of payment, but of course not everyone can ignore the potential for eventual technical failure.

Bitcoin will only become 0 or worthless when all governments agree to ban all trading or there is a technical failure. The ordinal case becomes a new problem for cases of using bitcoin as a means of payment to a certain extent, this is due to very high transaction fees. In the end it is possible to become 0 and then bitcoin will be replaced by another, better asset. Was that the expected conclusion? I don't overfeed him.

Even government would be banning all bitcoin transactions via those centralized or regulated merchants doesnt mean that it would really go to zero. The real deal on here is that as long it does have the demand
then there's no way that it would goes to zero. This is the key or reason on why it would really be having that kind of value just because there are lots who do support and investing into it.
We know that nothing do last forever but we can somewhat assure that we might be able to see Bitcoin would be lasting up for how many decades as long its recognition do keep increasing.
We can assume those negative things but no one really knows on what would happen on that time if ever it did really happen. Its better not to make yourself that
mindful about this scenario so that you wont really be making yourself that get stressed about it.

ShowOff

legendary

Activity: 2590

Merit: 1178

Quote from: Abiky on May 16, 2023, 01:15:19 PM

We could say the market has spoken, as BTC's market price went down because of the high TX fees. But going to zero is impossible unless something catastrophic happens which renders Bitcoin inoperable. I think a full-scale nuclear war (WW3?) will destroy Bitcoin for good. But we don't have to worry about this at least during our lifetime.

The only ones who want BTC to go to zero are nothing more than haters (banks, governments, some wealthy people) or those who missed the Bitcoin train. I'd just ignore these people and continue buying and "hodling" BTC for my own benefit. With the halving right around the corner, there's only one way Bitcoin will go. And that is up in price. Who knows if it beats Fiat for good? Just my opinion

Experience and knowledge have taught us patience when dealing with market volatility. Bitcoin is an asset that can still fundamentally thrive in its use cases as a means of payment, but of course not everyone can ignore the potential for eventual technical failure.

Bitcoin will only become 0 or worthless when all governments agree to ban all trading or there is a technical failure. The ordinal case becomes a new problem for cases of using bitcoin as a means of payment to a certain extent, this is due to very high transaction fees. In the end it is possible to become 0 and then bitcoin will be replaced by another, better asset. Was that the expected conclusion? I don't overfeed him.

Abiky

legendary

Activity: 3108

Merit: 1351

www.Crypto.Games: Multiple coins, multiple games

Quote from: coin-investor on May 12, 2023, 10:30:58 AM

Check how high is the transaction fee now and how long the confirmation before it got confirmed I have a transaction that took 9 hours to confirm, but check the price now, is it going down, or is it dropping dramatically only -8.2% in 7 days Bitcoin is fully stabilized for something bad to happen that can drop the price to zero, but in this world, nothing is possible maybe a war could make that happen, or if the internet stops operating, that's the only scenario that I can think of but on other things, Bitcoin can overcome it and will remain strong as ever.

We could say the market has spoken, as BTC's market price went down because of the high TX fees. But going to zero is impossible unless something catastrophic happens which renders Bitcoin inoperable. I think a full-scale nuclear war (WW3?) will destroy Bitcoin for good. But we don't have to worry about this at least during our lifetime.

The only ones who want BTC to go to zero are nothing more than haters (banks, governments, some wealthy people) or those who missed the Bitcoin train. I'd just ignore these people and continue buying and "hodling" BTC for my own benefit. With the halving right around the corner, there's only one way Bitcoin will go. And that is up in price. Who knows if it beats Fiat for good? Just my opinion

MiF

sr. member

Activity: 1344

Merit: 258

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.

There are always a possibility that is why we need to be careful most of the expert says that we need to invest an amount that we can afford to loss, it is all because the market is high on volatility and it is also a preparation that if ever we loss we can stand up again it is not that hard to stand if we loss an amount that we can afford to loss. For me it is a good advice because market is always unknown.

coin-investor

hero member

Activity: 2814

Merit: 571

Leading Crypto Sports Betting & Casino Platform

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?

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

Check how high is the transaction fee now and how long the confirmation before it got confirmed I have a transaction that took 9 hours to confirm, but check the price now, is it going down, or is it dropping dramatically only -8.2% in 7 days Bitcoin is fully stabilized for something bad to happen that can drop the price to zero, but in this world, nothing is possible maybe a war could make that happen, or if the internet stops operating, that's the only scenario that I can think of but on other things, Bitcoin can overcome it and will remain strong as ever.

G_Besar

sr. member

Activity: 1064

Merit: 469

Quote from: Weawant on May 12, 2023, 02:02:21 AM

Bitcoin going to zero is also a possibility but it might never happen which is because the adoption of Bitcoin keep growing every year. More and more people are believing in Bitcoin and buying it so they can make future profits.

It is impossible to be zero because of the interest that still exists and also the level of interest that over time is increasing in Bitcoin. So it is possible to be zero if the level of interest in Bitcoin has decreased over time, but what seems to be now the interest is increasing to the point where there are countries that have adopted it for legal payments.

Quote

With the increase of interest in digital payment by the government, Bitcoin chances of going to zero has been reduced. The price can only dump but still it'll have value as we'll be having buy orders waiting on a price drop to get filled.

This is also a very logical and concrete reason for now because with the increasing number of digital payments that have been implemented by many countries in this world, of course there will also be better opportunities for Bitcoin because Bitcoin is also more digital so that its life will be longer and away from death or becoming zero.

Quote

Bitcoin isn't not built like the other fiat currency that inflation can make them become worthless. Bitcoin is built in a way that the project has to keep on increasing every four years after halving is completed.

And this is part of the advantages that Bitcoin already has so that Bitcoin looks different like any fiat currency. In addition, this also makes Bitcoin valuable and stronger in general so that the effect of being zero is very slight, especially since the people who are interested in Bitcoin are very varied in this world.

Kadal Ijo

full member

Activity: 1162

Merit: 106

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.

What we have to understand is that changes will occur, currently bitcoin is very valuable but I'm sure that one day the price of bitcoin will return to zero or no value, of course there are many things that make bitcoin worthless, for example, it is found that a program can guess the bitcoin algorithm so that bitcoin owners it will be easy to hack.

ZAINmalik75

hero member

Activity: 1218

Merit: 595

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?

I think it's pointless that Bitcoin gonna fall to zero, because there are million of big bitcoin investors from all around the world who invest million of Thier dollars, when ever Bitcoin dump little bit thousands of investor are ready to place Thier order to buy Bitcoin at lower, while markecap of Bitcoin is a slap on the mouth all those who think Bitcoin can be zero.
While number of Bitcoin in Satoshi wallet and some other investor wallet who some how unable toh access Thier Bitcoin will not allow Bitcoin to hit zero or collapse...

Weawant

hero member

Activity: 756

Merit: 509

Leading Crypto Sports Betting & Casino Platform

Quote from: Hypnosis00 on March 17, 2023, 06:32:32 PM

We never think about ZERO because we believe that Bitcoin will give us a fortune and see it growing. However, we can't just be sure that everything will go well in the future as we might not be sure if Bitcoin will stay forever or will die but that was a long way to get there. But for now, we stop thinking about it, we never have to bother ourselves because that only creates some doubts and uncertainty if we are going to hold long-term or not instead, better take this opportunity while Bitcoin still exists.

Bitcoin going to zero is also a possibility but it might never happen which is because the adoption of Bitcoin keep growing every year. More and more people are believing in Bitcoin and buying it so they can make future profits.

With the increase of interest in digital payment by the government, Bitcoin chances of going to zero has been reduced. The price can only dump but still it'll have value as we'll be having buy orders waiting on a price drop to get filled.

Bitcoin isn't not built like the other fiat currency that inflation can make them become worthless. Bitcoin is built in a way that the project has to keep on increasing every four years after halving is completed.

Hypnosis00

sr. member

Activity: 2338

Merit: 338

Quote from: Mate2237 on March 17, 2023, 02:48:17 PM

Bitcoin will not go back to zero again, and if it does it will bounce back to the ATH. After the creation of bitcoin which the price started from $0, bitcoin price has not gone back to $12 again, the last price which I know of was the last year 2022 lowest price of $15 then it started going up again gradually.

We never think about ZERO because we believe that Bitcoin will give us a fortune and see it growing. However, we can't just be sure that everything will go well in the future as we might not be sure if Bitcoin will stay forever or will die but that was a long way to get there. But for now, we stop thinking about it, we never have to bother ourselves because that only creates some doubts and uncertainty if we are going to hold long-term or not instead, better take this opportunity while Bitcoin still exists.

Mate2237

hero member

Activity: 700

Merit: 577

Eloncoin.org - Mars, here we come!

Bitcoin will not go back to zero again, and if it does it will bounce back to the ATH. After the creation of bitcoin which the price started from $0, bitcoin price has not gone back to $12 again, the last price which I know of was the last year 2022 lowest price of $15 then it started going up again gradually. But for the time being if bitcoin goes down to zero and it stay long for like one month, then High Blood Pressure will kill people and companies will stop operation, and people will lose their jobs. Inflation and hunger will be very high.

I take all this as a fictional prediction that will never come to pass.

yohananaomi

sr. member

Activity: 2366

Merit: 267

Vave.com - Crypto Casino

Quote from: Unbunplease on February 09, 2023, 07:42:03 PM

If bitcoin drops to zero, I don't think anything bad will happen. Bitcoin's mission was to bring attention to cryptocurrencies. That task has been accomplished. Now the development of cryptocurrencies is hard to stop. although bitcoin is more likely to become analogous to stabelcoin than to fall to zero.

Of course it would be bad news if indeed bitcoin would drop to zero, but I assure you that it is only an assumption that arises from predictions. but whether it can indeed happen or not, even though it is very small and very difficult to predict it will indeed be proven.
because the development of crypto is not disappearing from the market, but more and more are interested in continuing to invest in it.
so I'm very sure I won't believe about bitcoin going down to zero because bitcoin will continue to increase in time and continue to be pursued as a very attractive investment.

Topic: What happens next if Bitcoin drops to zero? - page 5. (Read 2103 times)