What happens next if Bitcoin drops to zero? - page 7.

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Quote from: Joshapat on February 01, 2023, 08:11:17 AM

Technological developments can happen quickly, what we value at the moment is very valuable can become worthless in a short time, let's open our minds and always be realistic, don't be too fanatical that will make us very sorry, always monitor developments so that we can survive when bad things happen.

A very must have on someones mind and perceptive on which we should really expect the unexpected since there no such thing about lasting like forever.There's always come more better and more advanced compared on what we are currently dealing off with.We arent saying that Bitcoin could be replaced but there's no way that we can really make assurance that the future would really be finalized or already been known.
There's no man that could ever know on whats ahead and this is why we should really be that prepared for whatever things that might reach us ahead.
Drop to zero? Its possible but in todays condition and recognition into Bitcoin then it is really hard to believe on with this kind of probability.

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Quote from: OgNasty on January 28, 2023, 02:01:48 AM

I don’t think that Bitcoin falling to 0 is a realistic possibility. There are plenty of nerds who got rich from BTC and would buy them all long before it got to a dollar just for nostalgia reasons at this point. I’d honestly be surprised if Bitcoin ever fell below $10 in my lifetime for any reason. The market has just gotten too big. The idea it could ever be worth what it was when I first heard about it ever again seems far fetched.

The only ones who want Bitcoin to crash to $0 are banks and governments. But that will never happen because of the way the cryptocurrency was designed. Deflation greatly offsets any negative downturn in market prices. This doesn't mean BTC will be inmune from experiencing a decline in market prices. But it's a guarantee it won't become worthless overnight, due to added scarcity. If demand stays high while supply stays low, prices will always be on the upside.

I'm waiting for the day Bitcoin becomes an independent cryptocurrency, so people can use it regardless of how much it's worth in Fiat. Some countries are slowly adopting BTC as legal tender, so maybe our dreams of replacing Fiat becomes a reality someday. Just my thoughts Grin

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Quote from: cozytrade on January 30, 2023, 08:18:25 PM

Quote from: autumnleaf on January 30, 2023, 07:42:36 AM

I find it difficult to foresee a scenario in which Bitcoin's value is zero since, as other people have noted, there are other aspects that must be taken into account first. We are all aware that Bitcoin has a sizable market value and a solid foundations thanks to its devoted users and investors.

I think bitcoin can never be controlled by anyone and can never. Bitcoin is popular in almost all countries now. But bitcoin is not gaining much trust from all people. Bit by bit is getting more and more popular as time goes by. You will. I used to think that Bitcoin might be controlled by someone, but now I understand that Bitcoin is not controlled by anyone.

Popularization is the first step, remember that good or bad publicity is still a publicity meaning maybe in our early time now people are looking in Bitcoin that still scam but wait for the coming years those comment will change and will bring trust as we continuously supporting this and continuously bringing this on top of the chart , using bitcoin as transaction materials is what we all need to do showing our support to it in reality of life.

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Quote from: autumnleaf on January 30, 2023, 07:42:36 AM

I find it difficult to foresee a scenario in which Bitcoin's value is zero since, as other people have noted, there are other aspects that must be taken into account first. We are all aware that Bitcoin has a sizable market value and a solid foundations thanks to its devoted users and investors.

I think bitcoin can never be controlled by anyone and can never. Bitcoin is popular in almost all countries now. But bitcoin is not gaining much trust from all people. Bit by bit is getting more and more popular as time goes by. You will. I used to think that Bitcoin might be controlled by someone, but now I understand that Bitcoin is not controlled by anyone.

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Quote from: EdenHazard on January 30, 2023, 06:02:31 PM

Quote from: GeorgeJohn on January 30, 2023, 05:50:09 PM

This point is exactly what people is exaggerating because Bitcoin market is not reliable or neither constant in the market, because i believe that right now have its own ways of market regulations and it's possible that all the little can be reversible, so nobody can depend on Bitcoin hundred percent of constant increment.

Yeah the question is like ... what if internet totally shut down.

There is no reason for such thing to happen while everybody agree that the bitcoin itself is something useful and part of our society also used in daily basis. You can't take bitcoin out of our lives , the only thing that could make bitcoin down to zero in value ... it's where no single person using & believing in bitcoin anymore , that's not the case that could happened now or then.

Yeah, we're in such a situation. People believe in it and in some means one or the other will continue to use it for the good. Bitcoin dropping to zero could've happened earlier, because when the network is small this could've been done. Now noway through shutting the internet access or countries joining hands to make an outright ban on the usage of cryptocurrencies.

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Bitcoin is subject to marketing, which will not allow the price to fall to zero.

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Quote from: GeorgeJohn on January 30, 2023, 05:50:09 PM

This point is exactly what people is exaggerating because Bitcoin market is not reliable or neither constant in the market, because i believe that right now have its own ways of market regulations and it's possible that all the little can be reversible, so nobody can depend on Bitcoin hundred percent of constant increment.

Yeah the question is like ... what if internet totally shut down.

There is no reason for such thing to happen while everybody agree that the bitcoin itself is something useful and part of our society also used in daily basis. You can't take bitcoin out of our lives , the only thing that could make bitcoin down to zero in value ... it's where no single person using & believing in bitcoin anymore , that's not the case that could happened now or then.

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This point is exactly what people is exaggerating because Bitcoin market is not reliable or neither constant in the market, because i believe that right now have its own ways of market regulations and it's possible that all the little can be reversible, so nobody can depend on Bitcoin hundred percent of constant increment.

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Quote from: Franctoshi on January 30, 2023, 11:50:56 AM

First of all you should know that Money is a believe system that works, and Bitcoin is Money which people all over the world has believed base on its transparency that the old Fiat system lacks.

Therefore Bitcoin can only go to zero if Bitcoin lost its value which makes these people to believe so much in it or another senario could be a situation where the government have to ban the use of Bitcoin across the world.
Anything less than that it would have been almost impossible for BTC to go zeros, base on its scarcity and having proven itself for the past 13 years now.

And that is the reason why a lot of people wants to kill or stop Bitcoin because they think it's a threat to fiat. They do what they can including banning BTC. I don't know if they think they are successful with this already or not but some might only be contented once the whole world does the same thing. Fortunately, it didn't happen for now and let's hope it won't also happen in the future. If not then, that must be thing that will make Bitcoin go to zero.

OP asks if what's next. Well, nothing. The crypto world is over and the majority of people will move on to other digital payment methods but for us who are into decentralization, it will be very hard to accept it.

Franctoshi

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First of all you should know that Money is a believe system that works, and Bitcoin is Money which people all over the world has believed base on its transparency that the old Fiat system lacks.

Therefore Bitcoin can only go to zero if Bitcoin lost its value which makes these people to believe so much in it or another senario could be a situation where the government have to ban the use of Bitcoin across the world.
Anything less than that it would have been almost impossible for BTC to go zeros, base on its scarcity and having proven itself for the past 13 years now.

zugneyatro

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1.absolute "0"? No,i don't think so,mayne the hundreds again,$100 or $200 (for some that's a doom scenario anyway)
2.if does happen,another crypto will take over,but not the end of them or the use of such.

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

1. Will Bitcoin ever fall to zero someday?

Both of your questions remind me of one of the sources about Bitcoin, exactly what you asked, maybe for me not bother to answer all of that, in short, you can see and read below.

1. What Happens if Bitcoin Crashes to ZERO?

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

2. What happens if it ever falls to zero?

2. What Would Happen if the price of Bitcoin fell to Zero?

Quote

Hundreds of other businesses, like those that accept Bitcoin payments, lend Bitcoin, or swap Bitcoin, would also be affected. In short, the end of Bitcoin would be terrible for millions of people.

If Bitcoin crashed in this way, it would probably cause a lot of other cryptocurrencies to crash as well. After all, if investors see that the biggest coin on the crypto market has lost all value, it’s likely that many of them will cash out as soon as possible to avoid more losses. All in all, if Bitcoin goes down, it’s likely that a lot of other cryptos will go down with it.

I hope this article can help you to answer your two questions.

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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?

Since Bitcoin has a multipurpose use case there is no chance of it becoming 0 or worthless. Many of us know the name of Forex, one of the most famous trading business platforms in the world. But it has been running one after one decade. In this platforms don't have such thoughts then why this on bitcoin? There is volatility here too but relatively more in bitcoin is it the main reason? Of course not. Those who have not yet gained faith in Bitcoin are obsessed with such thoughts also, i can dream bigger with Bitcoin working as a trading tool and payment method. I can agree with others thought that Bitcoin will exist as long as there are people in the world.

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I find it difficult to foresee a scenario in which Bitcoin's value is zero since, as other people have noted, there are other aspects that must be taken into account first. We are all aware that Bitcoin has a sizable market value and a solid foundations thanks to its devoted users and investors.

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Quote from: 19Nov16 on January 28, 2023, 11:18:47 PM

That's right, don't ever think that bitcoin will continue to be used, bitcoin is a technology that will certainly continue to grow, if one day someone finds a program that guesses the private key then bitcoin will be worthless, and I hear of many people or companies who are constantly looking for bitcoin algorithms to guessing the private key, now it sounds impossible but nothing is impossible in technology, as long as bitcoin is valuable and useful, of course it is feasible for us to get big profits.

Indeed, nothing is impossible with any technological development now, but when the Bitcoin developers listen to this, several companies will develop it which will eventually destroy Bitcoin itself. It is clear that the Bitcoin developers will also not stay silent to create new things in order to make security much greater and stronger so that no technology can guess the private key.

Technological competition will continue to occur and it cannot be denied by anyone because any company also wants to present products that are more powerful than before or from existing ones. But for a technology that can guess private keys I don't think that it will be in the near future because it is a very difficult thing for any company to create.

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Quote from: ginsan on January 28, 2023, 04:16:11 PM

I'm not sure bitcoin will return to zero or worthless because in terms of the economy if an item already has a high enough value and moreover it has become the subject of discussion throughout the world then that will not be a reason for the item to lose its selling price.

this is the same as btc because bitcoin has changed the perspective of everyone in investing and also transacting because the presence of bitcoin will make it easier in all aspects of the economic growth of today's society. the modern era has indeed become a new foundation for every group to seek profit and this business that is stealing the most attention at the moment is the cryptocurrency field so there is no compelling reason that bitcoin will lose its value.

Bitcoin losing all its value overnight is rare. Cryptocurrencies and their growing financial influence are to blame. Bitcoin acceptance has expanded significantly in recent years. This step has increased the currency's legitimacy and made it easier to get. Bitcoin attracts global investment.

Bitcoin's value also depends on its technology. Bitcoin's blockchain technology could change numerous industries beyond finance and logistics. This is why many countries and organisations invest in Bitcoin and blockchain technologies. Bitcoin is limited to 21,000,000. As demand rises, Bitcoin's value rises. Fiat currencies, which have a limitless supply, devalue and inflate over time.

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Quote from: Tony116 on January 28, 2023, 08:08:05 AM

Quote from: peter0425 on January 28, 2023, 07:28:26 AM

this kind of question are not really suitable to answer because this will only add Fud in the market and also I love seeing positive thoughts that negativities. and why would people here may think of Bitcoin going to zero when almost everyone here loves trusting this coin and here to invest and gain from it?

We shouldn't ignore questions like this, we should be more concerned with questions like this, which are Fuds for us, are silly questions because we already know a lot about bitcoin. But for newbies, who don't know anything about bitcoin, these questions always haunt them, and they need our help to explain it. The people asking this question are obviously interested in bitcoin, but since they have a lot to worry about, once they figure it all out, they will have the same faith as we do.

But if we also pay attention mate , this has been asked for how many times in Bitcointalk history? if I remember it right? for my years here? there is not only 5 times that this same kind of questions across my eyes and I am tired of getting to it seriously. but you are also correct that this can be unignored and needs to be addressed for the new users or believers.
so they can be ready for what to come in the future.

Quote from: 19Nov16 on January 28, 2023, 11:18:47 PM

Quote from: DanWalker on January 28, 2023, 03:49:36 AM

It is surprising to see that everyone does not believe that bitcoin will drop to zero or die. But anything is possible, and the value of bitcoin is created from human need, as long as people don't need it anymore, it will go to zero. But just looking at people's belief in bitcoin, I can say that the chance of bitcoin falling to zero is almost nonexistent.
In my opinion, this is a money-making playground for big players, so it's tough to let it die unless they find a more attractive game than the cryptocurrency market.

That's right, don't ever think that bitcoin will continue to be used, bitcoin is a technology that will certainly continue to grow, if one day someone finds a program that guesses the private key then bitcoin will be worthless, and I hear of many people or companies who are constantly looking for bitcoin algorithms to guessing the private key, now it sounds impossible but nothing is impossible in technology, as long as bitcoin is valuable and useful, of course it is feasible for us to get big profits.

well. at least not for the shortest time? if you are not believing in bitcoin to be serving us for many years at least , then maybe you are completely here just because you wanted to earn not to use it.

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Quote from: peter0425 on January 28, 2023, 07:28:26 AM

Quote from: Jody.Drummer on January 28, 2023, 06:32:42 AM

Isn't something like that obvious, because regardless of anything it's very hard to believe if this returns to zero or worthless, especially with the current conditions, with the adoption of bitcoin continuing and more and more people in the scope of bitcoin, I think even though everything is possible happens but it won't be able to go straight to zero.
dips are still quite reasonable but unlikely at the moment and in the face of the bulls now they are outright worthless aren't they.

this kind of question are not really suitable to answer because this will only add Fud in the market and also I love seeing positive thoughts that negativities. and why would people here may think of Bitcoin going to zero when almost everyone here loves trusting this coin and here to invest and gain from it?
i believe that what are coming in the next couple of years will matter and make us rich than poorer(but only if we are able to keep holding long term.

Actually it's not too much of a problem to ask something like this because it's also commonplace, especially with the current Bearish which is still there, so I really think questions like that will continue and I don't really blame things like this because I think with the crash that was pretty bad before, of course Of course, we are definitely confused, especially for new people or beginners.
But of course it must be passed because they will not have a real experience if they don't go through this period.
Fud or not as long as we don't get too bothered by stuff like this then I guess there's no problem about it.

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Quote from: DanWalker on January 28, 2023, 03:49:36 AM

It is surprising to see that everyone does not believe that bitcoin will drop to zero or die. But anything is possible, and the value of bitcoin is created from human need, as long as people don't need it anymore, it will go to zero. But just looking at people's belief in bitcoin, I can say that the chance of bitcoin falling to zero is almost nonexistent.
In my opinion, this is a money-making playground for big players, so it's tough to let it die unless they find a more attractive game than the cryptocurrency market.

That's right, don't ever think that bitcoin will continue to be used, bitcoin is a technology that will certainly continue to grow, if one day someone finds a program that guesses the private key then bitcoin will be worthless, and I hear of many people or companies who are constantly looking for bitcoin algorithms to guessing the private key, now it sounds impossible but nothing is impossible in technology, as long as bitcoin is valuable and useful, of course it is feasible for us to get big profits.

ginsan

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I'm not sure bitcoin will return to zero or worthless because in terms of the economy if an item already has a high enough value and moreover it has become the subject of discussion throughout the world then that will not be a reason for the item to lose its selling price.

this is the same as btc because bitcoin has changed the perspective of everyone in investing and also transacting because the presence of bitcoin will make it easier in all aspects of the economic growth of today's society. the modern era has indeed become a new foundation for every group to seek profit and this business that is stealing the most attention at the moment is the cryptocurrency field so there is no compelling reason that bitcoin will lose its value.

Topic: What happens next if Bitcoin drops to zero? - page 7. (Read 2196 times)