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A comment on Bitcoin windfall for Mt. Gox creditors after 10 year wait, 10,000% price spike. Parent comment

Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by Detrytus on Saturday June 29, 2024 @05:10PM (#40833372)
When the stock/crypto goes up 100% people will gladly take their profits and go on with their lives, instead of waiting for even bigger profits.

When the stocks starts its fall towards 0 people will do incredible mental gymnastics, clinging to any shred of hope that things will turn around and they will revert their losses, so it takes them much more time to get out of the bad investment.

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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by ta988 on Saturday June 29, 2024 @06:11PM (#40833636)
And when crypto goes to 0?
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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by DANmode on Saturday June 29, 2024 @08:46PM (#40834357)
What is the most likely scenario in which you see Bitcoin changing hands for ~0 value, or I suppose not changing hands?
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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by bmacho on Sunday June 30, 2024 @07:13AM (#40836539)
People want to get real money out of it.
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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by andirk on Monday July 01, 2024 @10:07PM (#40852908)
I transfer it to people on the slowest method for 1st borns baby shower. I used it on furniture at Overstock.com while they allowed it. I gamble with it. I have donated with it.

For me and probably many others, when expediency isn't an issue, BTC works great.

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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by slicerdicer1 on Sunday June 30, 2024 @06:02AM (#40836201)
Bitcoin will never go to $0 because if it ever got to $1 I'd buy all 21 million of them. And there are lots of people like me.
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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by muzika on Sunday June 30, 2024 @10:07AM (#40837233)
Not if the algorithm is cracked and the supply of bitcoin increases. It’s possible for bitcoin to go to zero. Shouldn’t happen, but it can.
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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by garydevenay on Sunday June 30, 2024 @11:24AM (#40837704)
The supply wouldn’t even be increasable if SHA256 is cracked
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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by garydevenay on Sunday June 30, 2024 @11:25AM (#40837713)
This is true in crypto, but not true in Bitcoin
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