It will never drop to 0, barring no fundamental security flaws are discovered, because there will always be people like me that are never willing to sell and always willing to buy more.
If it hits $1, I will just stock up. Traders getting out is good for me.
I am in Bitcoin, or any really viable replacement that emerges, long term for reasons fickle speculators do not care about. I fundamentally believe a healthy society needs a reasonably private, international, censorship resistant, and open source financial system that works over the internet. I see such a thing as having more -real- value than the US dollar that a small number of people can print more of at any time for political reasons.
Assuming the node network and mining remains intact... now you own a pretty valuable and difficult to replicate infrastructure. At least some people will want to own the "native token" of that network.
If it hits $1, I will just stock up. Traders getting out is good for me.
I am in Bitcoin, or any really viable replacement that emerges, long term for reasons fickle speculators do not care about. I fundamentally believe a healthy society needs a reasonably private, international, censorship resistant, and open source financial system that works over the internet. I see such a thing as having more -real- value than the US dollar that a small number of people can print more of at any time for political reasons.