Would Bitcoin recover even if it fell to one dollar? - page 8.

Issa56

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Quote from: DoublerHunter on July 15, 2022, 05:50:23 PM

^ That is impossible to happen, BTC will never fall that far.
As you can see, BTC and the entire market were now slowly recovering and probably my prediction was right, by the month of August if the price will not break the previous bottom price, there will be a bull market trend. But I am not worried about this prediction too much, because I know that BTC will not fall down too much. BTC has already a strong foundation and mass adoption and it has worldwide awareness. Now, tell me, would you think it will become $1 soon? I don't think so.

I was suprise when I saw the post but I also know bitcoin won't drop to that level, even if their will be more dump I don't think anything can happen happen that will make bitcoin dump to that level, I believe the OP just wrote the post just to hear people's opinions but am sure he knows that bitcoin can dump to $1. And am sure no matter how bitcoin dump I believe gradually its going to recover, but it might take time.

ChrisPop

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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.

mindrust

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It would. Probably even easier because the lower it goes the more bitcoin you can get and there lots of people who are willing to buy from any price they can get. Recovering from $20k is way harder imo. If it drops to $1 some fiat whale would buy every coin there is and then suddenly it would hit thousands again.

pawanjain

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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 beauty of bitcoin is that even if it falls to 0 it can still recover from that majestic dump.
By recover I am not saying that it will come to the ATH instantly but will gradually grow over time.
This is because of the decentralized nature of bitcoin. Anybody can buy it at any time and this makes it valuable.
Assuming it went to zero I would definitely buy hundreds or thousands of it just for the sake of how valuable it was once.
May be if I am lucky then it can turn out to be fruitful investment over the decade.
When a coin like LUNA can collapse to zero and still come back newly introduced at a current price of $1.7 then we can imagine how valuable bitcoin can be even if dumps to zero.

Nrcewker

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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?

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.

ChiBitCTy

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Quote from: mk4 on July 15, 2022, 02:01:37 AM

It will highly depend on what caused the tremendous crash in the first place, so it would be pretty impossible to say unless we have a reason.

Bitcoin to $1 is pretty unlikely though. I'd imagine even if every single country banned bitcoin, we wouldn't go that low.

Yeah you’ve got it right. I’m not really sure I ever see it hitting a dollar but if it does then there would have to be some pretty dramatic stuff then happened to have made it get to that point. I also agree even if every country banned it a dollar wouldn’t be very realistic. (Still have OTC)

TimeTeller

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Quote from: Viscore on July 15, 2022, 05:52:49 PM

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?

As long as the community demand is there, bitcoin may fall deeply but it has its own way to recover after. And besides, I would not expect for bitcoin to dump almost into zero value, that is very unlikely to happen even 5-10 years from now. Although there are crashes that leave huge impact on the market particularly for bitcoin, but in my long term experience here, bitcoin price always moves up after in every fall. Bitcoin comes up surging and reaches new all time high, and that is what I believe too right after this bearish market.

It needs a life-changing situation why bitcoin will go down to almost worthless.
But for right now, the $1 value is not in horizon, very very far from the possibility of happening.
But in this market, you need to open yourself to all possibilities as this is very unpredictable market.
Right now, we are still hopeful as many people are interested in this market.

qwertyup23

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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?

I guess when BTC falls into a price where it will become obsolete, then no one would ever use it. Though I highly doubt that this will happen, but as long as its nature continues to become decentralized, then we will see its use indefinitely. In addition, as long as governments of countries do not prohibit its utilization and usage, then its price would then increase and increase due to its inflationary nature.

Though I really think that such situation will happen given the fact that BTC has been around for 10+ years now and its trend in its price is to continue to rise up. Though crashes may occur, its price still remains dominant compared to other cryptocurrencies in the market.

minime0105

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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?

their is no amount Bitcoin can fall between that is not recoverable. Bitcoin have it way of rising, and the system is what people do not understand it way of rising and falling, that is the reason why the document that is holding bitcoin is not being released to anyone. Bitcoin fall to zero dollars does or will not make Bitcoin to die out the world , no. People like bitcoin because it's a digital currency

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Quote from: Upgrade00 on July 15, 2022, 02:17:30 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?

When 1BTC =/= 1BTC
The inherent qualities of Bitcoin are what makes it valuable. It was once less than a dollar, cause of the public perception of it or lack of knowledge. If it falls below that again due to public perception, it is still recoverable as long as the inherent qualities are present, as long as 1BTC = 1BTC.
Once there is a chink in the protocol, then we can say it might not be recoverable.

no one denies that 1 bitcoin = 1 bitcoin, the problem is always that for people to have that 1 bitcoin they need to take the fiat and buy 1 bitcoin, so someone who takes $20,000 and buys 1 bitcoin and days later looks at 1 bitcoin it is already at $40,000 that person will jump with happiness and when that person wakes up the other day and looks at the price of bitcoin and realizes that the price of bitcoin is at $10,000 this person will panic, as a result everyone is looking at it the price of bitcoin in fiat and they are worried about the price rise and fall, they are not worried about using it as a payment method and we cannot accuse them for thinking that way, I myself am worried about the price of bitcoin although I use bitcoin as a method of payment

Viscore

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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?

As long as the community demand is there, bitcoin may fall deeply but it has its own way to recover after. And besides, I would not expect for bitcoin to dump almost into zero value, that is very unlikely to happen even 5-10 years from now. Although there are crashes that leave huge impact on the market particularly for bitcoin, but in my long term experience here, bitcoin price always moves up after in every fall. Bitcoin comes up surging and reaches new all time high, and that is what I believe too right after this bearish market.

DoublerHunter

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Quote from: Issa56 on July 15, 2022, 09:29:38 AM

I can't really say but I don't think Bitcoin will come down to that level again, incase if we see bitcoin at $1 then I think depending on the cause of the dump, but I believe no matter how bitcoin dump I believe it's will definitely bounce back, but I believe bitcoin won't really dump to that level and incase if we see bitcoin at $1, I think that's another buying opportunity because bitcoin will bounce back but it might take time.

^ That is impossible to happen, BTC will never fall that far.
As you can see, BTC and the entire market were now slowly recovering and probably my prediction was right, by the month of August if the price will not break the previous bottom price, there will be a bull market trend. But I am not worried about this prediction too much, because I know that BTC will not fall down too much. BTC has already a strong foundation and mass adoption and it has worldwide awareness. Now, tell me, would you think it will become $1 soon? I don't think so.

Text

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I see no reason that the foundation of what Bitcoin has already built would collapse. As long as people are mining it, there is still the support it gets and the development of the system will continue to work.

It is undeniable that some give up but the strong remain. I see the future that we are heading to with the technology developed with Bitcoin.

Rufsilf

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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?

Honestly, a real investor won't think that way. Real investors don't talk and focus on the downside of the market but rather find a way to make high and positive.

What if it fell to $1? Well, in the first place it was impossible. But assuming it does, then it means that people are leaving crypto already and I can imagine that altcoins are already dead. How could you imagine that way? That is really far from happening and I endure not because the market is even growing and already gaining adoption that could help to maintain its level of demand and supply.

uneng

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Bitcoin going to 1$ would be a very bad signal, meaning it would be finished. But I guess bitcoin reaching to some thousands of dollars price range, like it did on the previous crash in 2018, is recoverable once the market's tendency changes upside. In fact, many predicted a deeper correction after the recent ATH last year, that thankfully didn't happen.

So I think we are in total advantage with bitcoin, much above the expectations, despite we are indeed in a bearish market we don't know exactly for how long it's going to last yet.

BIT-BENDER

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Since you don’t believe that Bitcoin can crumble due to price so what’s the essence? Firstly Bitcoin has always followed the volatile system of crypto-currency, and as far as I know the volatility of the crypto-currency won’t be ending but personally I don’t think we would see Bitcoin going lower than $10,000 in a very long time, and even if this happens Bitcoin has created so much confidence on its enthusiast like me and I would still take bitcoin as a payment for my services.

kryptqnick

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I think that Bitcoin is unlikely to ever go below $10k again, it would be extremely unlikely if it gets anywhere near $1k, and $1 just sounds like a fantasy. The only explanation I see for something as major to happen is an event of global importance with huge implications. Such an event could be World War 3, which honestly doesn't seem as unlikely as it used to, and if we do get to those battles were millions are dying (or bombings with similar impact), I guess it's likely that Bitcoin won't be important because basic survival will matter much more. But even WW3 might not lead to such a low price. If it's quantum computing progress that makes seed phrases useless, then of course it can go to zero, even, and never recover, but I don't think it's a likely event either. Overall, like mk4 said, it depends on the cause of the drop.

virasisog

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Quote from: Issa56 on July 15, 2022, 09:29:38 AM

I can't really say but I don't think Bitcoin will come down to that level again, incase if we see bitcoin at $1 then I think depending on the cause of the dump, but I believe no matter how bitcoin dump I believe it's will definitely bounce back, but I believe bitcoin won't really dump to that level and in case if we see bitcoin at $1, I think that's another buying opportunity because bitcoin will bounce back but it might take time.

Bitcoin is the most trusted coin and if its price drop to 1 dollar, I guess others will still see the situation as an opportunity to buy because as we could look at its history, it already reached $1 before and still managed to strike high. We all know that Bitcoin as the father of all cryptocurrencies has a big potential and will always be trusted by many investors.

naira

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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?

Is there any basis for saying Bitcoin to $1? if it's just supposing then it can't be justified at all. I'm sure what you're talking about is bullshit. Not impossible, but there must be a cause and effect. It doesn't necessarily fall without things causing Bitcoin to experience a total fall.

Issa56

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I can't really say but I don't think Bitcoin will come down to that level again, incase if we see bitcoin at $1 then I think depending on the cause of the dump, but I believe no matter how bitcoin dump I believe it's will definitely bounce back, but I believe bitcoin won't really dump to that level and incase if we see bitcoin at $1, I think that's another buying opportunity because bitcoin will bounce back but it might take time.

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