I also don't believe that it is so easy for altcoins to overtake Bitcoin. If any coin harnesses a technology that is truly superior and within Bitcoin's scope of purpose, Bitcoin can just fork their code to adopt it. There is already precedent for this.

Will it really going to zero, or is it what the people that want it to go away want you to think it’s going to do? What is really pointing for it to go to zero? Is there real hard facts that say it’s at its end?

"The value of Bitcoin is based on it's ability to transfer value."

So is gold.

It's not circular reasoning, it's the foundation of economics.

Personally I see a future where governments are forced to accept crypto as currency at fair value. As we move down the road of legislation the fear associated with crypto will disappear in the same way we have all forgotten the founding fathers fears of dollar notes not being backed by anything. The best example of how currency will evolve is within our current fiat system having gone from gold backed to just simply digital representations of notes no longer even having a cost of production.

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The immediate answer is no, obviously there is nothing that can make BTC go to zero right now!

But as all business mans know, every single company eventually dies, and BTC is just another case, after it reaches the full potential it will start to decline and be surpassed by new things, new technologies.

short answer: no

I doubt very much that  bitcoin will go to zero. I think that the only way that this would happen is  if the FIAT system started working for  ordinary people . IMHO  the popularity of crypto is  a reaction to a broken FIAT system

Hi,@cryptovestor you post title is much good,
if bit Bitcoin Go to Zero, million of people come on the road.

I think the value will  be  exactly 0 or not. Literally 0. I just don't buy the collectors argument for now because Bitcoin is a network. If no one mine because it is not profitable,  how could someone even buy the coin? This is why many coin disappeared... So I think that the limited case is very possible... (might take decades?)

This is important for me because if the lower bound of 0 exist, every value >0 would mean that people expect that the value could be greater than 0. I think this is wrong to think that the intrinsic value is separated from the price. But it is also wrong to think that the price reflect something clear about the expected value. If I expect the price could be 1,000,000$, .1% of the time and 0$, 99.9% it seem that if you are not risk averse, a value of 1000$ or less would be an opportunity. However, only the price is available information and not the expectation as different expectation can lead to similar prices.

...

Please review ALQO, thanks

Like being famous for being famous.

One of the other considerations for the value of Bitcoin is the fact that it is a medium of exchange and store of value that does not require a third party and also has trust embedded into the network given that it is peer to peer.  Therefore, consider the demand if the inflationary spiral of most developed economy's and respective central banks and fiat currencies occur.  Would you prefer having more value store in an instrument that relies on the management of a third party that has no limits as to the amount they can determine as supply or a decentralized network that has limited supply where value is mined through consensus and transactional confirmations?

Most Government are interested in these blockchain technology. That alone is more of the reason the crypto space evaluation can not go to zero

Interesting points @cryptovestor.

I see steem as having intrinsic value. Am I dreaming?

All great information!! To keep a close eye on what direction the market is heading in, check out our predictions, updated daily: https://www.predictcrypto.net/predict/latest

I follow you from the start. I see that you are expert on crypto and even more on stock market. So please tell me, is this true?:
https://www.youtube.com/watch?v=eVUyBR_MM6Y
(I mean the part with the first guest and that he says)

@cryptovestor, glad you're putting videos up on youtube again! Really glad you are thinking about the VALUE of bitcoin.

Stocks have a PE ratio. One of many different metrics developed to help investors determine the value of the stock. 

Not sure if you ever noticed anything I've written about "confusing price and value" but your comments today indicate you are aware of how it happens.

In the long run we need crypto value metrics and I'll propose a generic term of 'PV ratio' or just PV for short. PV means Price to Value ratio, since cryptos don't have Earnings.

You mentioned Burniske employing the equation of exchange. That would be a PV-sub-ee metric. What would that be today?

Then you mentioned the cost of mining argument and poked some valid holes in it, but hey IMHO anything is better than nothing which is what we've got now. So I'll propose a PV-sub-mc (for mining cost) as potentially useful value metric. And conveniently ignore the difficulties caused by different power costs as an inconvenient detail to be resolved later. And also ignore the metric can't be applied to cryptos that can't be mined.

Thanks for shining your insight on a question near and dear to my avaricious heart.

Currently crypto investing is the wild wild west, but it won't always be so. Some useful and usable metrics will help increase the size of the crypto market.

Regards,
Rick

My current projections of a bullish 12/26 EMA cross for BTC, ETH, and LTC show BTC in 3 days, ETH in 6 days, and LTC in 12 days. Caveats of course YMMV and all attempts to predict the future are subject to change without warning. Edit note: While getting ready to pull the trigger on BTC in a couple of days I found an error in my linear projection formula. about 4 hours after my original post I corrected the estimates shown above by adding 1 day to each.

@cryptovestor,

I had to post a second reply focused on the statement "Its value comes from its ability to transfer value."

I can't grok why that troubles you.

The value of my investments in Paypal, Visa, and Chase are based on exactly the same thing, their ability to transfer value. Bitcoin is obviously a pure play while the others above are not, but I'll argue they are more similar than different.

Superficially the statement seems to be circular logic. But when one considers the costs in time, money, and uncertainty of using various mechanisms to transfer value than it should not be too difficult to recognize that Bitcoin is obviously a better mousetrap than a wire or a check in the mail.

For now a wire's only advantage is that it is more widely available to both receiver and sender.

Regards,
Rick

@cryptovestor, I got a bullish 12-26EMA crossover signal two days ago and went long Bitcoin again.

But while that is happening and there is an overall somewhat more bullish tone in cryptos, the satoshi value of ETH is falling like a rock. I'm interested in any insights you may have about that.

Thanks,
Rick

One case that bitcoin will go down to 0 is if it gets hacked. I know you'll tell based on some fact it's not possible to do that, but that is not true. someday someone will come up with a way or a new hardware that can do that and that will bring down bitcoin to zero.

Great thought's as always

This topic did cross my mind a few times.
I would like to know how to calculate the value of bitcoin if say no one is willing to buy it anymore, and no one has any to sell. I mean imagine a flash crash, and say 20% of total supply is lost by people, in that scenario, what would the price be ? It can't possibly be worthless now can it ?

Really good information here, I appreciate the info. Cheers!!!