Will Bitcoin Reset? What Happens If Bitcoin Suddenly Loses Its Value?
We wanted to clarify the comments on the possibility of resetting the bitcoin, which we see under the occasional economy videos. Will Bitcoin reset? If there is such a possibility, what must happen for this to happen? We have included the answers to all these questions for you. If you're ready, let's start.
First of all, it's the end of bitcoin circulating intermittently on the internet! We recommend that you do not listen to similar news. Because the probability of bitcoin resetting is close to impossible. We have mentioned the details for you below.
Probabilities and Value Losses
Bitcoin is the largest and most famous cryptocurrency leading other coins. Aside from being an experimental product, it still has shortcomings and question marks. For now, however, so many people have joined this economic system with the process that started with crypto mining that the experimentation is over.
In what situations can Bitcoin be reset? The first possibility is this: Bitcoin sales begin in all exchanges in the world. He starts selling his Bitcoins without anyone buying them. In this case, the value of Bitcoin drops very quickly. How logical does it make sense for millions of people to sell their Bitcoin at the same time? Even with such a probability, mathematically, Bitcoin cannot fall to zero dollars.
In the second possibility: All computers where Bitcoin wallets are stored must be disconnected from the internet. In this way, it cannot be traded and very serious decreases occur.
Can All Cryptocurrencies Be Terminated?
Come on, it can't be, but let's say it did. Bitcoin is completely out of circulation for a reason. Then all the coins circulating in the market right now will be destroyed? Of course not! We know that there are panic sales when there are serious decreases in Bitcoin, but it should not be forgotten: All the gaps are filled!
In other words, since blockchain studies are the technology of the future, it is not possible to reset bitcoin. Taking his place in other coins…
As such, it is not right to think about possibilities and fake news.
Another important point is that Bitcoin and other coins can experience serious decreases. Just as they experience very serious increases from time to time, it is normal for them to experience serious decreases. As a result of these decreases, it is necessary not to make panic sales and to read the analyzes well.