Topic: Would Bitcoin recover even if it fell to one dollar? - page 7. (Read 1483 times)
From from what i notice bitcoin can be recovered when the price is up and then when the price is a little bit higher than the way it is right now because many people is waiting for the price to go up before they will buy anything they feel like to buy what is happening in cryptocurrency Kingdom because of the price so if the price they recover if you have nothing to do with the dollar rate because bitcoin is cell with a dollar rate
How do you determine price? Is it the price over a period of time, like a day, hourly, weekly? Is it the price over all exchanges, some of them, one of them?
A price can fall on one exchange more than others, a price can fall sharply because there's no liquidity but recover over the next 24 hours. Many things can happen.
If it fell to $1 for some reason and remained there for a few weeks I doubt that it would recover. This would mean some serious trouble for the network itself because this price would mean that even people who bought 10 years ago are now out. If something can flush 10+ years holders it's probably the end of the world, another world war, or something.
A price can fall on one exchange more than others, a price can fall sharply because there's no liquidity but recover over the next 24 hours. Many things can happen.
If it fell to $1 for some reason and remained there for a few weeks I doubt that it would recover. This would mean some serious trouble for the network itself because this price would mean that even people who bought 10 years ago are now out. If something can flush 10+ years holders it's probably the end of the world, another world war, or something.
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?
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 honest answer is...it depends. It would have to be something that would shake the fundamentals of what BTC is. It could be tech and it could be conceptual, but if something really bad would happen that would betray the confidence of investors, than yeah, bigger things have fallen through the years.
You see blockchain market is moving from proof of work to proof of stake concept(which suit the capitalists) Bitcoin has several advantages over other blockchains, It is the strongest and most trusted crypto. The chances of its fall to zero is a remote possibility with almost negligible probability. Even than 1 bitcoin= 1 bitcoin and whenever bitcoin as its inherently a blockchain, with value ascribed by marketd. When it will recover it will gain its value. So keep hodling
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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
The time these things are removed with the inclusion of block halving is the season Bitcoin will never recover crash
I realize that it is worthless thought . Where I am always willing to take a chance if BTC goes down to 15k i will buy as much as possible for me. Here $1, it seems like a fantasy at this point. If world wars and epidemics come to the world and if money becomes worthless, then it can be seen as one dollar price per btc other wise it is impossible.
I'm not so sure that at least a small part of people around the world will not default to Gold AND Bitcoin if any major catastrophic event like a full-on world war would emerge. After all it is highly improbable that all the nodes would be stopped at the same time so the network will still continue to "live". Even in that case I don't think it will drop to such a low price.I am not saying that it’s the right choice or anything, it’s all relative. I personally prefer to do it for long term, and not just a quick run away from fiat thing, but it was still a better thing for sure.
It depends on actual usage, demand and supply of btc at that time but you see that scenario is impossible at this time because it has to loose almost everything and nobody use it to fall to these levels like of $1 so no fun of discussing about it.
In in initial years also it didn't fell to $1 so now it's impossible and prices will rise on the opposite.
Actually, we only have limited data to even predict for bitcoin to even fall down that low. As we can how market and investors are reacting especially when the price is too low, people tend to invest more as it is considered as a chance to accumulate more and invest on it. In in initial years also it didn't fell to $1 so now it's impossible and prices will rise on the opposite.
Just as what others said, it's almost impossible for bitcoin to even reach that low but it case it does, then it means a major problem could have arise and bitcoin cannot be salvage or recover.
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?
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?
In my opinion bitcoins will always be recoverable, there is no price that is too low from which bitcoins couldn't come back. Let's say bitcoins drops down to $1 which is already very unrealistic, then the market would be flooded with buyers. Who wouldn't buy 1,000 BTC for 1,000 USD? At such a level I would even take out a loan just to buy more coins. It's seems so unrealistic because who would sell his coins for $1? At such a low level it looks like a bad idea to sell. If you bought your coins at 10,000 USD you would never sell them so cheaply, rather hold them until prices recover. Same goes for the buyers, would you really wait until such low prices before buying? I think if the bitcoin price drops close to 1,000 USD there would already be a lot of new buyers pushing the price back up.
Saying that bitcoin will fall to $1 per bitcoin is very unrealistic because this is not the first time bitcoin has depreciated this low but didn't hit $1.
Secondly if the Foundation is not strong it would have collapse long ago
Secondly if the Foundation is not strong it would have collapse long ago
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?
Why would you think that Bitcoin will fall to that or such an amount of irrecoverability? Bitcoin or the general crypto market has seen bear markets before, 2017 I believe was one of the steepest dips from almost $20k down to $3k+ and yet Bitcoin recovered back to ATH of $69k+ and this will not be a different time additionally, $1 Bitcoin price is out of it. Price, in my opinion, would not dictate this. It would have to be something that would destroy the foundation and system on which it is built.
what you say?
How low would Bitcoin have to fall before it was no longer recoverable?
As long as people trust bitcoin, it'll keep on recovering How low would Bitcoin have to fall before it was no longer recoverable?
It would be very impossible if the price of Bitcoin would decrease to 1$, even though its reach in the next ten years, I think this will be very unlikely to happen, because the quality contained in Bitcoin is what makes Bitcoin itself so valuable.Bitcoin is very decentralized, and this is why it will always survive and will not make it disappear and will remain as long as Cryptocurrencies exist.
With some understanding above, I believe that Bitcoin will recover and soar to a higher price, sooner or later according to knowledge and research in the Crypto market I think this will happen.
It depends on actual usage, demand and supply of btc at that time but you see that scenario is impossible at this time because it has to loose almost everything and nobody use it to fall to these levels like of $1 so no fun of discussing about it.
In in initial years also it didn't fell to $1 so now it's impossible and prices will rise on the opposite.
In in initial years also it didn't fell to $1 so now it's impossible and prices will rise on the opposite.
This just seems next to impossible as far as happening. This would have best been asked over a decade ago when this indeed happened and I guess we can see the answer then was yes and bitcoin continues today, stronger than ever.
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?
Once bitcoin will no longer be significant, for whatsoever heavy reasons, I guess it’s price too will eventually show decline. But witnessing bitcoin’s existence more than a decade, what is certain to me is that even how huge the impact of the FUDs or news that hit bitcoin, it always stands firms and recover in every price downfall. Although no one holds the future of bitcoin, but I am quite confident that its value will continue to grow along with time. 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?
Is there arises a situation in which we'll be having zero usage of bitcoin. Such thing won't happen, because already a country have made it legal tender. Another thing, there were more service provided only with cryptocurrency acceptance. For example more number of gambling sites were available which accepts only cryptocurrencies. So, at any situation the usage won't fall to zero which means there is nothing to worry of bitcoin dropping down to $1.
How low would Bitcoin have to fall before it was no longer recoverable?
There are certain conditions to meet in order for the Bitcoin price to be unrecoverable. If that happens the low would be 0 price or wothless.
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?
what you say?
Well, definitely price would move according to the condition of the whole Bitcoin ecosystem. So if ever Bitcoin is to become worthless, its foundation, community, and development should be wiped out first.
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?
If the price drops that low then we could definitely say that there's something wrong to it and here comes the panic where people would be finding for another coin which is currently top on the market on that time where there's really a tremendous shift in terms of trust when it comes to that but just like on what others been saying above that it is unlikely to happen on going that low no matter how 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?
bad the market situation would be for bitcoin but we do know about that probabilities and possibilities which could definitely happen into this space.We cant just make out some conclusions that it could
really last forever on sitting on the top but we do have the feeling that it would really be staying on the top spot considering that this is the king or father of all crypto.
If it does drop on $1 then i would really be spending some cash on buying into those lose price but only on the amount which i can afford to lose.
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?
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?
I think if it dropped to such a price it's possible that an inherent flaw might have been uncovered that caused it's price to drop that far. It will stay above that sort of value for decades or possibly centuries, if not for the fact that a multi billionaire would easily step in and buy it up at even higher prices, just to have bragging rights as it would not effect their longer term wealth to drop such amounts on it.
Bitcoin going to one dollar would not be possible, why? Because, I know enough people who would buy bitcoin, all of it, before it reaches there and that's just my network. Think about the whole world, there are billionaires in the world who are buying it and accumulating more.
So technically speaking, if the price of bitcoin is at one dollar then there must be something super horrible going on. Like some quantum PC managed to hack into all accounts and withdrew their money from their wallets without needing much time, just a few minutes to hack into any address. If that's the case, or something major like that, then yeah the price would be one dollar.
But, even if all of the governments in the world banned it, it would still be more than one dollar, so it needs to be a technical reason.
So technically speaking, if the price of bitcoin is at one dollar then there must be something super horrible going on. Like some quantum PC managed to hack into all accounts and withdrew their money from their wallets without needing much time, just a few minutes to hack into any address. If that's the case, or something major like that, then yeah the price would be one dollar.
But, even if all of the governments in the world banned it, it would still be more than one dollar, so it needs to be a technical reason.
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