Quote from: Freddie Boyer on Today at 09:11:30 AM

Quote from: kapalmabur on June 25, 2023, 06:10:15 PM

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.

Even we do saw on the potential of Bitcoin and seeing its movement over a decade due to those charts and other correlated that shows off its performance then we could really be able to tell that this is really that
something would really be worthy to be accumulated and holded up for long term. Although it wont really be giving out assurance on guaranteed success because no one really knows on what would happen in the future.
Getting zero value? If ever this one happens then these are the possible things happened.

1. There's a new coin that surpasses Bitcoin and transfers overall confidence and support into that new coin
2. Quantum computing kind of issues
3. Total crackdown of Btc or having some exploits into its code
and there's even some possible reasons but the above mentioned are the most common one.

This is why its really that important that you should really that invest on the amount which we can afford to lose as always because there's no assurance of things when it comes to this.