Quote from: Upgrade00 on Today at 07:17:30 AM

Quote from: Robert518 on Today at 06:26:28 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