Post
Topic
Board Speculation
Re: What happens next if Bitcoin drops to zero?
by
Freddie Boyer
on 08/07/2023, 09:11:30 UTC
Bitcoin already has many holders, from retail to companies, so if we think that bitcoin will go to zero, of course that's an unreasonable thought.
Bitcoin has been in this world for more than 10 years, and until now the price of Bitcoin has gone up millions of percent,
that is an extraordinary number for bitcoin, and I can even say Bitcoin is the No. 1 asset that does have extraordinary price developments.

That's right, It is highly unlikely that, if that were to happen, the repercussions of the widespread loss of confidence in cryptocurrencies and the ensuing market chaos would be significant. What needs to be done if there is a correction like a while ago is to stay calm and don't panic when the price drops like you said.

Why I agree it is nonsense , Historically, the price of Bitcoin has shown resilience and recovered from the downturns, leading to renewed demand. The wisest is to take advantage of this opportunity by buying Bitcoin at a lower price and be patient for potential future profits.