Bitcoin to zero Dollars? Is it possible?

27 Mac 2018

Today i'm going to use my Hell bear face level 3 Million, and study what could make Bitcoin price drop to zero.

Some very early investors entered Bitcoin market years ago. They are around 1.000 possessing 40% of the existing Bitcoins. The whales.
These whales whom know themselves, organized last year a costly and well elaborated campaign on the social networks to promote Bitcoin as beeing the new holy grail, the future of money, the new gold, simply, the future.
Millenials then started entering Bitcoin market after such a huge social networks awesome promotion of Bitcoin, to buy some as a long term investment, thinking they are genious and that they will become rich.
As the whales possess 40% of all existing Bitcoin, and new buyers progressively entered the market with an increased speed, a rarity phenomenom appeared, and prices of Bitcoin quickly skyrocketed, creating a beautiful parabolic raising pattern on the charts.
This market is small and completely out of regulations, so, easy to manipulate. These whales managed to artificially pump the prices by some skillful and malicious actions: pump and dumps, wash trades, exchange platform bots programmed to manipulate prices making exchanges looking like a gigantic online casino.
Then, the time of sell appeared. Massive sell occured from the whales when price reached a very high value. Panic appeared, new comers panic sold, and this created a very quick crash of Bitcoin value.
Whales earned a lot of money, professionnals earned some. The average buyer suffered very high losses.

" But bitcoin always crashed and became stronger and higher valued in the previous years! "
Yes. But this time, Bitcoin skyrocketed because of extremely elaborate price manipulations, as it was never seen before.
This time was the scam of the millenials, the fraud on the youngsters. A huge Ponzi scheme where people try to sell higher to another crazy man ready to pay for more. This is the wild west.
I am not saying that Bitcoin itself is a scam, the scam is the way the Bitcoin mania was artificially created and completely manipulated.

Then, why would Bitcoin price hit zero?
" if Bitcoin is 1.000$, i'll buy 10 units haha so it's impossible, everyone would rush and Bitcoin wouldn't go below 1.000$! "
Yes and no.
If states regulate Bitcoin market (of course they can), they will regulate it like an asset and not like a currency.
The pump and dumps, wash trades, bots manipulating prices, Tether won't exist anymore and this will completely destroy the artificially inflated price of Bitcoin, making it dramatically collapse and not raise anymore with the important volatility that we all know. Investors would progressively leave this market, as the volatility would be too low to invest in. The market would slowly die.
People would start to realize they had been manipulated and scammed, the medias, economists, reputed investors would start explaining publically the scam (some are already trying) and Bitcoin price would collapse some more as nobody except an extreme minority would buy some Bitcoin and Alts.
When you see Vitalik Buterin, Brad Garlinghouse and many other famous and extremely smart persons warning investors that cryptocurrencies could reach a value near zero, it should make a huge red flag pop out. They are not saying it for no reason.

I hope you liked my 3 Million level Hell bear face, i hope you hated it, share your thoughts. I'm simply studying in this quick TA why Bitcoin price could fall to a near zero value.

And good luck trading!

28 Mac 2018

Nota

Nota : This TA is just an analysis of why prices could go to near zero value, i saw many reputed economists and investprs starting to talk about it, cryptocurrencies founders/CEOs as well, so i found it interesting and i tried to find explanations of why this could happen.
I am not predicting an incoming target of 0$, this TA is simply a basic analysis.