Would Bitcoin recover even if it fell to one dollar? - page 6.

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Quote from: TelolettOm on July 22, 2022, 06:11:35 PM

It seems very impossible that Bitcoin will crash to $1 only. ANd if this really happens, there must be a very big extreme problem that influences this. And I cannot think that how about altcoins if Bitcoin itself is only $1.
If the price falls down to $1 only, I think that the trust of the investors and all people in the crypto world has been lost. People will not trust anymore Bitcoin, this wll not also have a high market cap, and the coin may be dead soon.

Remember that cryptocurrency is a digital currency the base of its digital currency it is a source of decentralized so we have different digital currencies that has operated the before now why cryptocurrency is is another or new dimension of currency which nobody lose it volume and they have a trade-in values so I believe but since such thing happen all concerned cryptocurrency devalue that come into the price is rotational and it's not something that will depend on so they are for I believe that cryptocurrency can fall but it cannot fall to the extent that it will get to $1 so cryptocurrency still help especially Bitcoin and before it will crash to this level it may stay or mighty stay above 30 years

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It seems very impossible that Bitcoin will crash to $1 only. ANd if this really happens, there must be a very big extreme problem that influences this. And I cannot think that how about altcoins if Bitcoin itself is only $1.
If the price falls down to $1 only, I think that the trust of the investors and all people in the crypto world has been lost. People will not trust anymore Bitcoin, this wll not also have a high market cap, and the coin may be dead soon.

Mahanton

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Quote from: Robert518 on July 15, 2022, 01:26:28 AM

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

Dropping to $1 does signifies that there's something wrong or even going back to 100 bucks then it is really showing something that bitcoin does have a big problem.Speaking about recovery? We cant really tell but the doubts and confidence of people who do support bitcoin from the start will really be having those doubts on this particular time.If it would fell into that then for sure there are other coins which had able to overtake bitcoin and this is where people would transfer out but we know that this is something impossible to happen on the origin of crypto where it would be falling into that value.
Well, we cant really tell on what the future looks like and there's always the possibilities or probabilities.

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Bitcoin reaching $1 won't happen for sure, atleast to keep the network the miners need to function. The production expense have got its limits, falling down to that will cause loss to the miners. This will stop the mining process and the generated coins will be circulated and experience high demand. Even at that situation $1 is not possible as the demand will be high. Everything is just an assumption, even in that situation there is no way for $1

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Quote from: The Cryptovator on July 22, 2022, 03:31:46 PM

How did you imagine Bitcoin would fall to $1? I can't imagine at all. It's already been spread all over the world and built a huge community. Many institutional investors have already taken entry here. So it won't dump in such a low price. You can see the current rate, Bitcoin has started to recover. So don't be unrealistic mate.

Even in his assumption, bitcoin will recover. For bitcoin to get to $1, it means it's dead already. Let's assume that nothing happened to bitcoin protocol, there's no hardworking or compromise of the network. It's just price dump to $1. What will happen is that people will start buying again, hoping to be billionaires when it goes back to its ATH. Traders will enter to look for daily profits, buy this it will start rising again and again. This literally shows that bitcoin cannot die based on price dump only.

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How did you imagine Bitcoin would fall to $1? I can't imagine at all. It's already been spread all over the world and built a huge community. Many institutional investors have already taken entry here. So it won't dump in such a low price. You can see the current rate, Bitcoin has started to recover. So don't be unrealistic mate.

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Quote from: noormcs5 on July 22, 2022, 12:31:51 PM

Quote from: suzanne5223 on July 17, 2022, 12:55:23 PM

If Bitcoin downtrend to 1 dollar I believe it will recover ^{which I believe will never happen now that's getting the attention of the institution} because the price is not the reason why Bitcoin survive even when the government planned to stop it. Bitcoin survives and gets the support of people because of its truly decentralization, consensus, and no censorship.
The time these things are removed ^{with the inclusion of block halving} is the season Bitcoin will never recover crash

Don't know why we discuss these baseless things like these. Bitcoin can never reach one dollar and if it reached one dollar, it would mean that it going to zero and dead.

This can be called "hypothetical reflections" on the fate of bitcoin. Theoretically, bitcoin, however, can reach the level of $1. And as you said, it will mean only one thing - death for cryptocurrency. But I'm not sure that this is feasible, since the belief in bitcoin is very strong and there are also a lot of bitcoin-followers. The line when bitcoin could die has long been passed and there is no way back.

Quote from: noormcs5 on July 22, 2022, 12:31:51 PM

Yes, bitcoin may dump to 5000$ to 10000$ and still reach to its all time high again. Although i think that bitcoin may never reach these low values.

Bitcoin price fluctuations will always be. Moreover, in percentage terms, quite significant, but still not sufficient to fall to $1.

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Quote from: noormcs5 on July 22, 2022, 12:31:51 PM

Quote from: suzanne5223 on July 17, 2022, 12:55:23 PM

If Bitcoin downtrend to 1 dollar I believe it will recover ^{which I believe will never happen now that's getting the attention of the institution} because the price is not the reason why Bitcoin survive even when the government planned to stop it. Bitcoin survives and gets the support of people because of its truly decentralization, consensus, and no censorship.
The time these things are removed ^{with the inclusion of block halving} is the season Bitcoin will never recover crash

Don't know why we discuss these baseless things like these. Bitcoin can never reach one dollar and if it reached one dollar, it would mean that it going to zero and dead.

Yes, bitcoin may dump to 5000$ to 10000$ and still reach to its all time high again. Although i think that bitcoin may never reach these low values.

We're already aware that Bitcoin's previous value based on the history was lower than $1 and it emerged and developed until it reached it's current value so I wonder why people are still doubting and fearing until now. Bitcoin has a huge foundation and even though it dumps, it could still recover and stand firm again.

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Quote from: suzanne5223 on July 17, 2022, 12:55:23 PM

If Bitcoin downtrend to 1 dollar I believe it will recover ^{which I believe will never happen now that's getting the attention of the institution} because the price is not the reason why Bitcoin survive even when the government planned to stop it. Bitcoin survives and gets the support of people because of its truly decentralization, consensus, and no censorship.
The time these things are removed ^{with the inclusion of block halving} is the season Bitcoin will never recover crash

Don't know why we discuss these baseless things like these. Bitcoin can never reach one dollar and if it reached one dollar, it would mean that it going to zero and dead.

Yes, bitcoin may dump to 5000$ to 10000$ and still reach to its all time high again. Although i think that bitcoin may never reach these low values.

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Quote from: Robert518 on July 15, 2022, 01:26:28 AM

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

Looking at the past years of Bitcoin we can see Bitcoin but market dumping after two years or one year.We have seen Bitcoin quite a while ago but it has come down from a lot of hype Now currently Bitcoin is standing at $23,000.However, if Bitcoin falls below one dollar, there are many options for recovery.Bitcoin will still recover if Bitcoin falls below one dollar.If Bitcoin is destroyed, all markets will be destroyed but it will exist.

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Quote from: Robert518 on July 15, 2022, 01:26:28 AM

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

The fact that you can imagine it doesn't make it possible as there are many others that don't believe $1 = 1BTC is feasible. Nope, not in this world except you've got to ho back in time for which, I doubt it's even possible as there would be fragments that would disrupt reality.

Bitcoin have come to show crypto enthusiast and the rest of the world what we suffer from centralised systems with itself paving a way to liberate the people financially from the grasps of the government by making you, your own bank. It's amazing right?

Imagine a coin that does no publicity campaign, hosts no workshops, no AMA and still finds a way to be the other of the day and pave way for other cryptocurrencies. Its really up to the people and even if governments of the world should ban bitcoin over and over again, there are those that would still stick to it. Of course that's unlikely as we've got nations adopting it for a meansof payment. It's never zeroing out.

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Quote from: jhonjhon on July 22, 2022, 08:57:49 AM

If the price drops even further, I believe it will quickly rebound since the majority of people believe bitcoin will increase in value again. Investors are just waiting for the best opportunity; the benefit is that the longer they wait till the price of bitcoin rises, the more affordable it will be when it drops.

It seems that it is indeed difficult to see the price of bitcoin fall to $1 let alone die, because so far bitcoin has had a fairly strong foundation in its development, the ups and downs of bitcoin prices in my opinion are commonplace because so far the price of bitcoin is influenced by supply and demand activities that is on the market, the current widespread adoption of bitcoin certainly means that bitcoin still has a lot of fans and I think that is clearly the foundation that makes bitcoin continue to exist and develop over time.

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Quote from: jhonjhon on July 22, 2022, 08:57:49 AM

If the price drops even further, I believe it will quickly rebound since the majority of people believe bitcoin will increase in value again. Investors are just waiting for the best opportunity; the benefit is that the longer they wait till the price of bitcoin rises, the more affordable it will be when it drops.

But unfortunately, many investors are just seen waiting without trying to analyze bitcoin movements so they can know when to buy bitcoins again. If they manage to buy bitcoin at the lowest price, they will have to wait until the bitcoin price goes up, which not everyone can do. Perhaps the price will recover in a while but not necessarily the price can recover to the previous high because what we see at the moment, the bitcoin price is still at the level of $23k.

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Quote from: Nrcewker on July 16, 2022, 01:29:56 AM

Quote from: Robert518 on July 15, 2022, 01:26:28 AM

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

Bitcoins now have reached a stage where it’s impossible to fall to a such a low price.
If it also falls to a low price then instantly it will recover.
If anyhow Bitcoins falls to 1$, then also people will use it to make profit, therefore forcing it to get recovered.
So I would suggest OP, remove these ill thoughts from your mind, and think of buying Bitcoins as much as you can. Soon the price will rise.

If this question had been asked 10 years ago, it would have been possible, but now it's practically impossible. The theory that bitcoin drops to 1k is also impossible, let alone 1 USD, the worst case scenario is that all countries that ban bitcoin will not be able to drop that price.

Bitcoin drops to 1$ like OP is alluding to the death of bitcoin and OP needs to know that bitcoin has died a few hundred times already.

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Quote from: Robert518 on July 15, 2022, 01:26:28 AM

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

With the current mass adoption of Bitcoin, I doubt if the price will ever go back to one dollar ever again, because the worst the price of one BTC to ever reach can be $10k, but as for $1, I strongly don't think it's possible, because if the price of Bitcoin drastically falls to such amount, that will probably be the end of cryptocurrency, but I strongly believe it can never. Because as a result of the mass adoption of its limited supply, it will trigger an increase in price as a result of its scarce quantity

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If the price drops even further, I believe it will quickly rebound since the majority of people believe bitcoin will increase in value again. Investors are just waiting for the best opportunity; the benefit is that the longer they wait till the price of bitcoin rises, the more affordable it will be when it drops.

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You can observe from the ups and downs of the market that Bitcoin will recover.

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Quote from: mich on July 18, 2022, 02:56:13 AM

If bitcoin crashed and fell to $1, I would find it highly unlikely that it would ever recover. I think most investors are comfortable with a certain level of volatility but there are limits. If bitcoin dropped to those levels, I suspect most institutional, government and retail investors would jump ship.

The reality is bitcoin is a currency and if it’s not valued at a certain price I think most people would abandon it for a different technology.

Bitcoin going to $1 is inconceivable to me, I just think there would be way too much
buy orders way before it got to $5000. Of course we cannot ignore human emotions
and power of FUD, Bitcoin going below $15k will have a certain number of people panicking,
passing below $10k might have people holding out for lower prices and the same for $5k but
at $1000 who wouldnt buy?

I'm trying to figure what alternative is there to Bitcoin?

Quote from: peter0425 on July 18, 2022, 03:55:15 AM

Quote from: Robert518 on July 15, 2022, 01:26:28 AM

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

it is not the price that matters about that dumping instead why it happens , because we have seen many ways of bitcoin fall but everything ends with recovery as the support returns each time.
but if you find this to change in what you are asking then we may tell what will be the future, either if this can return to increase or will never be there again.

What are the things or events which would being Bitcoin to $1?

End of the internet?

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Quote from: Robert518 on July 15, 2022, 01:26:28 AM

How low would Bitcoin have to fall before it was no longer recoverable?

Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.

what you say?

it is not the price that matters about that dumping instead why it happens , because we have seen many ways of bitcoin fall but everything ends with recovery as the support returns each time.
but if you find this to change in what you are asking then we may tell what will be the future, either if this can return to increase or will never be there again.

mich

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If bitcoin crashed and fell to $1, I would find it highly unlikely that it would ever recover. I think most investors are comfortable with a certain level of volatility but there are limits. If bitcoin dropped to those levels, I suspect most institutional, government and retail investors would jump ship.

The reality is bitcoin is a currency and if it’s not valued at a certain price I think most people would abandon it for a different technology.

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