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Is there a non-zero chance of Bitcoin and/or crypto going too zero at some point?
Posted on 12/1/25 at 12:19 am
Posted on 12/1/25 at 12:19 am
Could it happen? If so, what might drive it? Satoshi coming back from the dead and shutting it down somehow? A state sponsored hack bringing the whole thing down? Quantum computing breaking cryptographic encryption methods? Wasn't Warren Buffet's entire argument that that Bitcoin is not a value-producing asset. Unlike a farm that produces food or an apartment that generates rent, Bitcoin doesn't produce anything tangible, and its value is based on the expectation that someone will pay more for it in the future?
8
Posted on 12/1/25 at 3:18 am to saintforlife1
They won't go to zero. But I think a lot of people are realizing that crypto isn't the store of value they believed it to be.
Posted on 12/1/25 at 5:09 am to saintforlife1
No body actually uses it to buy anything that is legal. Beyond speculation there is no usage demand for the product.
Posted on 12/1/25 at 6:27 am to IMSA_Fan
What currency is worth more now than 100 years ago?
Posted on 12/1/25 at 6:39 am to saintforlife1
There’s a chance but not a real good chance imo.
I’m trying to figure out if the most recent selloff is some sort of indication of investor sentiment in general. I suspect it indicates sentiment for traders but less so for investors. It’s sort of like meme stocks or micro caps. When things get skittish, they’re the first to go.
85,700 as I type this. Down almost 5%
I’m trying to figure out if the most recent selloff is some sort of indication of investor sentiment in general. I suspect it indicates sentiment for traders but less so for investors. It’s sort of like meme stocks or micro caps. When things get skittish, they’re the first to go.
85,700 as I type this. Down almost 5%
Posted on 12/1/25 at 7:12 am to TheOcean
quote:
But I think a lot of people are realizing that crypto isn't the store of value they believed it to be.
BTC was never intended to be that, and it's been a perverse ride of irrationality since it shot up in the 2017 boom.
The thing with cryptos also is that this "investment" value is literally just faith. All of the functionality selling points matter not when they're being viewed as investments. Trying to conflate those two aspects of crypto is the biggest grift of the sector.
Posted on 12/1/25 at 7:13 am to IMSA_Fan
quote:
No body actually uses it to buy anything that is legal. Beyond speculation there is no usage demand for the product.
That's a function of the boom starting in 2017, when the use case for BTC flipped. The problem is that it's so volatile, it's not really good for safe investment purposes, either. Sure if you're on the right side of variance, you can make a lot, but you also have to time it well.
Posted on 12/1/25 at 7:19 am to IMSA_Fan
Saylor being the face of bitcoin is also really, really bad. Dude is a lifelong grifter
Posted on 12/1/25 at 7:34 am to saintforlife1
It probably will never go to zero, just will sort of fade into obscurity as people dont care about it.
However like any good cult, there will always be believers.
I am sure there is a large number of people who think beanie babies will hit it rich again
However like any good cult, there will always be believers.
I am sure there is a large number of people who think beanie babies will hit it rich again
Posted on 12/1/25 at 8:17 am to SlowFlowPro
quote:
The thing with cryptos also is that this "investment" value is literally just faith.
Human society is built on faith
Posted on 12/1/25 at 8:30 am to saintforlife1
Likely in the near term? No.
Non-zero over the long term? Absolutely, and anyone who says otherwise is either ignorant or selling you something.
Non-zero over the long term? Absolutely, and anyone who says otherwise is either ignorant or selling you something.
Posted on 12/1/25 at 8:52 am to saintforlife1
BTC going to zero would be disastrous at this point. Plenty of alts will go to zero though.
This is overblown IMO. We're still many years away from quantum computers that can do this. Even so, it's something that would threaten way more than just crypto, so we'd have bigger issues to deal with.
quote:
Quantum computing breaking cryptographic encryption methods?
This is overblown IMO. We're still many years away from quantum computers that can do this. Even so, it's something that would threaten way more than just crypto, so we'd have bigger issues to deal with.
Posted on 12/1/25 at 9:36 am to Mingo Was His NameO
quote:that’s a damning indictment against bitcoin imo
Human society is built on faith
Just go read the poli board or even better Ole Miss board
Posted on 12/1/25 at 10:59 am to makersmark1
quote:
What currency is worth more now than 100 years ago?
It’s not a viable currency for daily living. Far too volatile.
Any business accepting it as currency is either desperate or careless. Imagine receiving what you thought was $10,000 worth of bitcoin for a product only to have it drop 5% by the time you exchange it for USD. Or conversely, imagine paying the equivalent of $10,000 for something only to have it shoot up 5% afterward. You just lost 5% on your purchase!
Dumb.
Posted on 12/1/25 at 11:07 am to SlidellCajun
I sort of like the idea of extra governmental currency.
I’m only involved via stock investments in Southern Company(power) and CME(the sell futures/options for crypto).
I have sold a put contract on the FBTC etf, but this is a very minute portion of my portfolio.
I don’t fully understand the “blockchain” and other crypto terms, but energy companies should do well IF mining continues. Options/futures market seems to be increasing. I figure CME willl get their cut of the trades.
I’m only involved via stock investments in Southern Company(power) and CME(the sell futures/options for crypto).
I have sold a put contract on the FBTC etf, but this is a very minute portion of my portfolio.
I don’t fully understand the “blockchain” and other crypto terms, but energy companies should do well IF mining continues. Options/futures market seems to be increasing. I figure CME willl get their cut of the trades.
Posted on 12/1/25 at 11:21 am to saintforlife1
quote:I still think that's ultimate expected value - zero.
Is there a non-zero chance of Bitcoin and/or crypto going too zero at some point?
Posted on 12/1/25 at 2:09 pm to TheOcean
quote:
They won't go to zero. But I think a lot of people are realizing that crypto isn't the store of value they believed it to be.
What is the true intrinsic value of Bitcoin today given what it is used for ans current state of adoption? Is it $20K? Is it $50K? Is it $90K? Does anybody know how to value it correctly?
Posted on 12/1/25 at 2:51 pm to saintforlife1
Bitcoin is a government ponzi scheme to get you to put your holdings on a public ledger.
Just like tulips in the Netherlands the mania phase is winding down and we are moving into a hard assets world.
Just like tulips in the Netherlands the mania phase is winding down and we are moving into a hard assets world.
Posted on 12/1/25 at 4:11 pm to saintforlife1
quote:
Does anybody know how to value it correctly?
The miners throwing hashpower and electricity use at the system.
Posted on 12/1/25 at 5:32 pm to saintforlife1
quote:
intrinsic value of Bitcoin today given what it is used for ans current state of adoption?
Intrinsic Value is clearly 0, it does nothing and serves no purpose.
All the BTC people say its a store of value like gold now... It has no actual use case.
No pro-BTC person will argue that instead they will say its like gold and gold has no intrinsic value either.
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