Post
Topic
Board Speculation
Re: What happens next if Bitcoin drops to zero?
by
lepbagong
on 27/05/2023, 02:08:24 UTC
-snip-

I don’t even think I’m that scenario it would hit $0. I’m sure people would buy them all if it got anywhere near $100 again. Ironically, a price collapse and abandonment of users would make the blockchain much cheaper and more functional to use, thereby starting another wave of development and new use cases. If you’re in Bitcoin for the tech and not the money, a much lower price is probably a good thing.
that's right, friend, no one thought that bitcoin would actually reach $ 0, because it's possible that if it drops below $ 1K (let alone up to $ 100 in your opinion) there may be a lot of people scrambling to buy as much as possible, which will result in the price going up again, which will be difficult to can reach $0.
so I think it will be difficult to materialize and it is very unlikely that it will happen other than that there will indeed be new developments that can replace the role of bitcoin. Is it possible? it can always happen and if there is crypto it will just be a memory.