Community post
Can BITCOIN fall back to $0 ?
I write very crisp.
I do not drag something for long which can be said in a line or two.
Believe me or not sooner or later Bitcoin is going to plummet at the level at which it worth nothing, and I am saying so because --
>> Governments and central banks are going to launch their on digital currency as an alternative to the bitcoin.
>> Reason everyone will migrate is plain - People want security of their money. It hasn't proved yet that blockchain cannot be hacked.
>> Dramatic fall of Ethereum as we have witnessed in last could happen with any cryptocurrency.
Thanks
Please Criticise constructively.
Replies (10)
Anything is possible but not $0 Lol
i don't think will fall to zero
As soon as there is some bad news out there ..people panic ...and when panic happens and no central authority to assure you then disaster results.
No . Because mining cost is there, which includes electrical power cost, machine cost, operator cost, establishment cost.
Many crypto currency will compete with each other and some will win and some will flop.
Yes, $0 is possible.
At this point, it is not likely.
Banks creating their own cryptocurrency does not warrant a $0 Bitcoin.
People may not trust banks as much as a blockchain unhacked for 8 years now.
I write very crisp.
Not perfect $0 but dramatic fall could be seen
Yes Inherently it is the fundamental reason for its worth.
But when human greed comes in, it results in boom and boom cannot be sustained for longer
I do agree with you but suppose if it happens for once then the Damage would have been done.
There will be high panic and this may erode the trust suddenly.
Following you.
I don't think so. In fact, it has been legally adopted by most companies in the Philippines. Check out the details here. What do you think?
Bitcoin has shown to be quite resilient. They do not call it the Honey Badger for nothing.