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Board Beginners & Help
Re: How bitcoin price could go to zero?
by
Kemarit
on 16/02/2018, 22:15:44 UTC
Hi I was wandering what could possibly happened to bitcoin and the price go to zero.My first thought is a really big physical disaster for example because the Internet maybe stop working.What is your opinion?

Technically, its possible for bitcoin to go to 0. But in reality, I doubt that it will happened even if the Internet stops working as you have portrayed. The only possible scenario that will hamper everything is that if miners simple stop mining bitcoins, simple as that. If they completely abandoned it, no new transactions can be processed meaning it can't be added to the blockchain. Not even government banks can stop bitcoin and cryptos for that matter, and as long as miners continue to mine, bitcoin can't reach 0, IMHO.