Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: igorpauer on January 30, 2023, 02:23:55 PM
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There are hundreds of billions of dollars in the cryptos, so a fall to zero in a "normal" market is unlikely. Major worries would only begin when the codes, encryption and more generally the technologies that co-create the entire infrastructure are broken. What do you think?
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It is unlikely that this will happen, bitcoin itself will not allow this. Unless the whales themselves start trying bitcoin en masse.
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Who cares about the code and stuff? What I care about is the people... Many people will lose their life savings, and many businesses will go bankrupt especially crypto businesses. This will create chaos, as many people will go crazy or even harm themselves.
So it's possible that the BTC price will drop to zero overnight in the sense of nothing is impossible in business, just look at Enron, SBF, etc. I only hope that if the price crash, it will not happen overnight, and give people enough time to exit.
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That's kinda wicked to think about this. But if we think more practically then it might not be possible for the bitcoin price to drop to zero. Crypto itself doesn't allow this. This topic is good for debate but if we are talking about serious stuff then we just avoid this stuff.
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If this happens, it will be a worldwide crisis.
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In any case, I do not see such a turn of events in the near future. And what will happen next, no one knows.
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In any case, I do not see such a turn of events in the near future. And what will happen next, no one knows.
if you follow the market today, you will be very disappointed. better not waste your time and use ets bots to trade and get some income while the market is preparing for a bull run.
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In my opinion, it is impossible for Bitcoin to fall to zero. I think Bitcoin itself will not allow this, because it is their profit and if it is reduced to zero, a lot will be lost
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It is highly unlikely that the price of Bitcoin drops to zero. If it does it will be a very chaotic situation that is hard to imagine.
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For instance, the recent news Silvergate caused the BTC price to drop rapidly, which in turn led to fear among investors. It's understandable that investors would be concerned about their investments when events like this occur.
In addition to events like the Silvergate situation, other market events can also impact the price of Bitcoin and other cryptocurrencies. For example, regulatory changes or government actions can have a significant impact on the market.
There are also technical factors to consider, such as market manipulation or large-scale sell-offs. All of these factors and more can contribute to a rapid decline in the price of Bitcoin or any other cryptocurrency.
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In any case, I do not see such a turn of events in the near future. And what will happen next, no one knows.
if you follow the market today, you will be very disappointed. better not waste your time and use ets bots to trade and get some income while the market is preparing for a bull run.
can it really be easy, as you imply? I would gladly invest money if I was sure that I would make a profit without delay.