A lot have been said about cryptocurrencies, but the real question is, can any cryptocurrency really crash and be worth nothing?
Well, through time it is more unlikely to thick that bitcoin will crash completely. We all know that cryptocurrencies are a very volatile monetary system, the future of this and any cryptocurrency is uncertain. A lot of commentators have been predicting fatalities while the bitcoin along with others have been booming.
Even though, Goldman Sachs have been criticizing cryptocurrencies and their possibility to die. It its no secrete that this same giant of finance has been investing in cryptocurrencies for the past months. Interesting right?
Well, for the price to drop to $0 must happen a couple of things and this applies to every cryptocurrency. All the crypto holders must sell their possession on a selected cryptocurrency, this will drop that crypto very dramatically but even if there is one person who wants it it’ll have some sort of value. This bring us to the second condition; the traders must stop wanting that currency. This might kill the currency, but it is hard to archive because of the popularity of cryptocurrencies, especially bitcoin that is the image and representative by excellence, have been rising like crazy for the past moths now. This makes impossible to create an environment where a cryptocurrency will be worth nothing.
Recently we have been seen how cryptos like EOS, IOTA, CORDANO and STELLAR have been rising dramatically into the top 20 positions worldwide. This is very interesting when there are some many fatalities prediction by important people on the financial world. But, cryptocurrencies have been proving people wrong. Recently, cryptocurrencies are rising in a steady pace.
Do you think there a possibility for this condition to happen? Is there another way for the value of a crypto to fall to nothing? Join the conversation below!
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