Topic: What happens next if Bitcoin drops to zero? - page 9. (Read 2196 times)
Bitcoin down to zero won't happen, because of the demand to the supply availability. When someone finds it no more valuable, then the other will be looking for it. This will keep the market moving with some sort of fluctuation. This will not let the market of bitcoin to zero, and bitcoin being used on multiple needs. This assures bitcoin will be used in one form or the other, which also keeps the market growing and dropping with connection to the level of usage.
Bitcoin, like any other cryptocurrency, is subject to fluctuations in value, and it is difficult to predict what will happen in the future. If Bitcoin were to drop to zero, it would mean that the cryptocurrency would have no value and it would not be possible to use it for transactions or as an investment.
However, it is important to note that Bitcoin has been around for more than a decade and has survived significant fluctuations in value, and it has a dedicated user base. Additionally, it is the first and the most well-known cryptocurrency, it has a big market capitalization, and it has a strong network effect.
It is also worth noting that, if Bitcoin were to drop to zero, it would likely have a significant impact on the broader cryptocurrency market. It could also cause losses for individuals and organizations that hold large amounts of the currency.
It's important to keep in mind that predicting the future of any asset is uncertain and that investing in cryptocurrency should be considered as high-risk and done with caution, and should always be done with a well-informed decision after researching and consulting with professional financial advisors.
However, it is important to note that Bitcoin has been around for more than a decade and has survived significant fluctuations in value, and it has a dedicated user base. Additionally, it is the first and the most well-known cryptocurrency, it has a big market capitalization, and it has a strong network effect.
It is also worth noting that, if Bitcoin were to drop to zero, it would likely have a significant impact on the broader cryptocurrency market. It could also cause losses for individuals and organizations that hold large amounts of the currency.
It's important to keep in mind that predicting the future of any asset is uncertain and that investing in cryptocurrency should be considered as high-risk and done with caution, and should always be done with a well-informed decision after researching and consulting with professional financial advisors.
With my own little research I did on the fundamental and technicalities of Bitcoin trade, I concluded that it's extremely unlikely that such happens even if there's a massive sell-off, it can't be 70% sell off. Bitcoin trade has come to say forever
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.
The value of bitcoin depends on supply and demand, and with what's going on, I really don't think bitcoin will one day go to zero. The demand for bitcoin is increasing, bitcoin is attracting people because of its volatility and profitability. But if something happens to bring bitcoin to zero, I will really regret it, and we will go back to our old life without bitcoin, many people will lose their source of income, but the world will not be affected by this there.
1. Will Bitcoin ever fall to zero someday?
2. What happens if it ever falls to zero?
That will be a shock, and that is also the reason when investing, we should not put all our eggs in one basket, whether it is gold or real estate, the risk is always around us, and anything can happen. When investing, make sure you only invest what you can lose, not what you can't lose. 
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 $12k something similar to what altcoins do and it prompted some questions like
1. Will Bitcoin ever fall to zero someday?
I doubt that we will see it going to zero someday, I mean we should have like the worst situation in the world that bitcoin will literally go to zero.
2. What happens if it ever falls to zero?
If ever it will happens then it will be catastrophic I guess specially if it is a abrupt downfall to zero.
And it could really disrupt the financial world as we all know that billions are flowing in the bitcoin ecosystem, and so if it will be wipeout then it might mean a collapse of the financial industry in my opinion.
1. Very unlikely. Something needs to be invented that would totally blow bitcoin out of the water both in terms of technology and economic theory.
2. It wont, because I will be heavily bidding. Or I guess, it can happen if humanity ceased to exist.
If the price of bitcoin drops to zero, it means that bitcoin is disbanded, or Milners all over the world go out altogether, and when the internet is no longer an attractive medium for life, then as long as that doesn't happen and humanity is still on this earth, I believe bitcoin it will always be there and the price of bitcoin will never drop to zero. 2. It wont, because I will be heavily bidding. Or I guess, it can happen if humanity ceased to exist.
I just keep laughing. It's unlikely given the problem we have with fiat currency and the problem Bitcoin actually solved, but who knows what will happen tomorrow? Someone may develop something more efficient and dependable than Bitcoin.
Why not only see the current options and choices which are available with us and bitcoin is the only reliable decentralized currency on which every investor can trust and invest in it.
When bitcoin was moving in range from 16,000 to 18,000$, many people were thinking it will dump more towards the 10K level. Some were even of the view that it may reach to zero after hearing so many negative news about FTX and LUNA. But bitcoin did just the opposite that is start to pump again despite all negative vibes around.
This shows that bitcoin value to go to zero is beyond expectation and is almost impossible. Unless there is any loophole found in bitcoin blockchain, bitcoin to zero is just out of question.
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Based on how I feel, Bitcoin has lived for more than 10 years now and is still very much alive. If Bitcoin falls, it cannot fall to zero dollars, but perhaps if Bitcoin drops so badly, there is always someone who will still buy as much as they can and keep it in case the price spikes any day, any time. Bitcoin is not Luna, but let's take the example of the Luna crash, which dropped so badly but was rebranded to Luna Classic, and it could also be possible that if anything bad happens to Bitcoin, something will still be developed to spike it up or to support it.
This is not even the question I expect people to be asking. FTX failed last year; who knows the next exchange in line? The question I am expecting is, given the fact that there are a lot of individuals' bitcoins on some exchange, how about if all the CEXs come up with a story of hacking or something else where all individuals' assets are being lost? What if hardware wallets become more easy to hacked, what should be our fear then and new security measures?
This is not even the question I expect people to be asking. FTX failed last year; who knows the next exchange in line? The question I am expecting is, given the fact that there are a lot of individuals' bitcoins on some exchange, how about if all the CEXs come up with a story of hacking or something else where all individuals' assets are being lost? What if hardware wallets become more easy to hacked, what should be our fear then and new security measures?
1. Will Bitcoin ever fall to zero someday?
2. What happens if it ever falls to zero?
Only memories, and Banga became part of Bitcoin's journey and still holding Bitcoin to the lowest point
1. Will Bitcoin ever fall to zero someday?
2. What happens if it ever falls to zero?
Only memories, and Banga became part of Bitcoin's journey and still holding Bitcoin to the lowest point
it seems to me that this is impossible, since the world has rushed to digitalization
Yeah, it's almost impossible, but the question is not about if it's possible or not. It's about what will happen. I think the same thing that happened in America during the Great Depression, but across the world among all crypto investors.
Debating over what will happen if the impossible thing happens makes no sense.
I could ask you a similar question. What do you think would happen if you woke up and found there's no money on your bank account or your account is blocked?
If bitcoin went to 0 over the course of a few days or a wee, I'd find myself without a way to profit on my investment. I wouldn't sell because that would be giving it away for free. What else? I'd probably shed a tear over this enormous opportunity, this financial revolution that is no more.
which is more than better with Bitcoin which there's always a probability into that.
It is really just people would be saying that its impossible because it is currently standing on the top spot for how many years or simply a decade, but we shouldnt really remove into our minds about those chances and probabilities which we would really be able to encounter on our lifetime or would be on future years to come.Therefore, investment decisions do always have that back up plans
because we dont know on what would happen next.
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.
There were time when bitcoin hasn’t gotten to this stage, people were saying all sort of things that bitcoin will go to zero but it never did and now that it has become 20 more bigger than the previous times, the probability of it going to zero should have impossible by 20 times, bitcoin is not going to zero, the demands would will consume all the supply because the liquidity around lower levels wouldn’t even let come close to $5k and besides, the OGs are watching, they wouldn’t allow their investment becomes wash away.
Your second question have been justified by my first answer but incase it happens, then Fiat would probably may also not be in existence, perhaps the world would have change the way from the way financial markets works, probably a new system.
What will genuinely cause bitcoin to lose all value? Thinking constantly searching for an answer. However, no answer was found. What a shame.
We all have the belief that nothing is impossibly impossible, yet in this situation, seeing something like bitcoin evaporate into tiny air is impossible. Given its unique nature and how people are adopting it as another means of payment.
If bitcoin had to reach zero, it would have happened early on when not many people were aware of it. It developed past that early stages to reach its current state price of $23,000, and someone would anticipate it to decrease to $0 in the future. That is certainly possible to figure out
We all have the belief that nothing is impossibly impossible, yet in this situation, seeing something like bitcoin evaporate into tiny air is impossible. Given its unique nature and how people are adopting it as another means of payment.
If bitcoin had to reach zero, it would have happened early on when not many people were aware of it. It developed past that early stages to reach its current state price of $23,000, and someone would anticipate it to decrease to $0 in the future. That is certainly possible to figure out
it seems to me that this is impossible, since the world has rushed to digitalization
Yeah, it's almost impossible, but the question is not about if it's possible or not. It's about what will happen. I think the same thing that happened in America during the Great Depression, but across the world among all crypto investors.
Debating over what will happen if the impossible thing happens makes no sense.
I could ask you a similar question. What do you think would happen if you woke up and found there's no money on your bank account or your account is blocked?
If bitcoin went to 0 over the course of a few days or a wee, I'd find myself without a way to profit on my investment. I wouldn't sell because that would be giving it away for free. What else? I'd probably shed a tear over this enormous opportunity, this financial revolution that is no more.
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.
if you only want to get a guarantee, of course there will be no guarantee. The risks must be borne by themselves, these are not fiat assets like those managed by the government. Bitcoin is decentralized so no one person can completely control it. They really have to be sure of their ownership and know the risks that will occur. See bitcoin history starting from its inception. The price of course increases drastically in the long term.
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?
It is possible but highly unlikely. At the current state of Bitcoin adoption, it has been deeply rooted and already started as an alternative option for payment and some country even accept it as legal tender.
2. What happens if it ever falls to zero?
This means that bitcoin will be worthless. This has a significant impact on people who are invested in Bitcoin since they will lose the value of their investment aside from that I don't see any other impact if Bitcoin becomes worthless. Government always have their currency, bitcoin being an alternative won't affect any countries except those who are heavily invested on it.
Never say never, that is, it would not be right to exclude anything, but in this case I agree with you, there are many adherents who will buy bitcoin no matter what happens. I also will buy if the price of bitcoin goes down, and I think that there are many like me. Thus, the price will simply not be allowed to fall, and I believe that Bitcoin has already reached the level where it will simply not be allowed to fall by the big players who have invested too much money in it.
Yes, it's true that the price of Bitcoin is influenced by the actions of many different actors in the market, including individual investors and large players. The market for Bitcoin is still relatively young and highly speculative, so it's difficult to predict exactly how it will behave in the future. Some people believe that the price of Bitcoin will continue to rise over time as more people adopt it as a form of currency and store of value, while others believe that it is in a bubble that will eventually burst.
Many people believe that the current market is being driven by institutional investors and large companies buying bitcoin as a store of value and hedging against inflation, given that the crypto market has matured and more regulations have been put in place. It's also possible that the price of Bitcoin will continue to rise as more institutional investors enter the market. However, it's impossible to predict the future with certainty, and it's important for investors to conduct their own research and make their own investment decisions based on their risk tolerance and investment goals.
I don't think BTC will ever go to zero, especially when many people know about it. There's still a lot of demand for the cryptocurrency, while the network itself is getting bigger and stronger than ever. The fact that deflation was "baked" into the protocol, tell us that it's very unlikely the value of a Bitcoin will plummet all the way to $0. It's just theoretically impossible.
What could really go to zero are traditional Fiat currencies. If banks keep printing money, then it's bye-bye to the value of national currencies for good. You can see why Venezuela's currency is worthless right now. Just wait until the tide is over, and BTC should go all the way to the moon. Who knows if BTC never goes below $30k ever again? Just my opinion
Never say never, that is, it would not be right to exclude anything, but in this case I agree with you, there are many adherents who will buy bitcoin no matter what happens. I also will buy if the price of bitcoin goes down, and I think that there are many like me. Thus, the price will simply not be allowed to fall, and I believe that Bitcoin has already reached the level where it will simply not be allowed to fall by the big players who have invested too much money in it. What could really go to zero are traditional Fiat currencies. If banks keep printing money, then it's bye-bye to the value of national currencies for good. You can see why Venezuela's currency is worthless right now. Just wait until the tide is over, and BTC should go all the way to the moon. Who knows if BTC never goes below $30k ever again? Just my opinion
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.
Weird hypothetical questions. Are you asking that what would happen to altcoins or to what?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.
In ordrer to answer your questions, we would have to answer more important question, and that is: What's the reason for it falling to zero? Because it won't be falling without any reason. And that reason would explain what happens next.
1. Catastrophic world event like WW3 combined with energy crisis and total ban of trading in cexes because of it.
Sure, you would be broke but crypto price would also be last thing you would need to worry about.
2. There could also be fatal flaw in the code, but i can't imagine what kind that couldn't be patched.
3. Some new superiour solution that's solving the same problem bitcoin does, but it's doing it so efficiently that it renders bitcoin pointless waste of energy compared to it.
Every reason i can imagine would bring altcoins down with it. Because bitcoin is also the symbol for crypto and if people think it isn't safe, then nothing is safe.
But even if it would get banned, money people got from it would get seized and everything. It wouln't drop to absolute zero. Speculators and crypto enthusiasts would trade it somehow under the table. There wouldn't be much liquidity but it wouldn't go to zero.
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