Bitcoin can never reach zero price - because if a buy order is placed for all 20 million Bitcoins in circulation starting from the $0.01 level, a base will form that completely absorbs every seller in the market.
Hypothetically, if such a scenario occurs, it might be possible to purchase all the Bitcoin supply in the market at around $200,000. However, this is more of an interesting market dynamic that demonstrates how strong buyer power can be rather than a way to lower the price.
The bottom price of Bitcoin is actually determined by liquidity and demand - for it to go completely to zero, no one would be willing to buy, which is an almost impossible scenario. The market contains protective mechanisms in this way.
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HalfIsEmpty
· 15h ago
Alright, basically as long as there are people buying, BTC won't die. If the $0.01 level assumption holds, then indeed no one can consume that many coins. But eating all 200k? Just hear it out; in reality, such a large order is impossible.
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ChainSpy
· 15h ago
BTC will never drop to zero. The logic actually implies that someone is backing it... But the question is, who? If everything really collapses, are there still fools willing to keep taking the bait?
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quiet_lurker
· 15h ago
Tsk, it's that kind of "BTC will never go to zero" argument again... I'll take your word for it, anyway no one is really buying at 0.01 right now.
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AirDropMissed
· 15h ago
BTC will never go to zero; that logic makes sense... as long as there are people willing to buy, it won't die.
Bitcoin can never reach zero price - because if a buy order is placed for all 20 million Bitcoins in circulation starting from the $0.01 level, a base will form that completely absorbs every seller in the market.
Hypothetically, if such a scenario occurs, it might be possible to purchase all the Bitcoin supply in the market at around $200,000. However, this is more of an interesting market dynamic that demonstrates how strong buyer power can be rather than a way to lower the price.
The bottom price of Bitcoin is actually determined by liquidity and demand - for it to go completely to zero, no one would be willing to buy, which is an almost impossible scenario. The market contains protective mechanisms in this way.