Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin be worth zero?
by
teosanru
on 03/09/2022, 20:26:12 UTC
We all know how volatile and unpredictable the cryptocurrency market can be. One month, a coin may be at its peak of value, and the next, it may have almost no value at all. Unfortunately, this is simply the name of the game when it comes to cryptography. But what would happen if the oldest and most valuable asset on the market, Bitcoin, dropped to zero?

https://portalcripto.com.br/en/crypto-crash-2022-bitcoin-pode-valer-zero/
font: https://portalcripto.com.br
It practically won't. We saw the gigantic crash of Luna after people proved that it's technically flawed. It was not that old and really didn't have as much market penetration as bitcoin and still, it fell almost 99% but didn't go to zero. It's price bounced back quickly and then you saw it floating around in the market. At worse the same thing could happen with bitcoin people someday realize that whole cryptography is technically flawed and it makes no sense in keeping your money in bitcoin and people start instant withdrawing. Even in this scenario there will be certain sect which will disagree with that theory and will keep on investing in bitcoin so those people will keep the price alive.