Hard Core Hodlers of Bitcoin feel that patience is the name of the game when it comes to Bitcoin.  If FOMO will start again anything is possible.  Hard core holders will not sell even if the BTC price does not increase sharply in the next years. They continue to believe Bitcoin is the best money there is. And they are willing to hold even if the price will rise to zero.

Some of them are in to Bitcoin for the technology.  For as long as the fundamentals remain strong and Bitcoin is legal, many of them who are diversified enough are not going to sell.  And, when there is an unexpected bear market, seasoned holders continue to hold through. However, when the price falls due to some crisis like a major flaw or law those who are not strong holders will sell.

Sentiment is also a factor which influences BTC price.  Sentiment changes every week and even every month.  Many times those who have sold Bitcoin have witnessed the price literally pushing up to infinity after they have sold.  There have been a lot of selling regrets.

Something should be really wrong with the protocol if the price would spiral down to zero.  It makes no financial sense for someone to hold on to an asset seeing it to spiral down to zero.  Investors have a growth point of view.

If the BTC price would drop to $6000 they will buy more; if it drops to $3000 they will buy twice as much more, and if it drops to $1000 they will buy a hell a lot more.

While the overtly optimistic tendencies of holders like holding on to it if the price rides to zero would definitely raise concerns about the fundamental premise. It just sounds like mad respect.

Sydney Ifergan, the crypto expert tweeted:  “Bitcoin (BTC) definitely has earned some mad respect.  The robustness of the protocol is the father of all Altcoin protocols. Ultimately, it is respected for profits.  If not, it makes no sense.”

Bitcoin according to many is the exit strategy from fiat and an exit strategy from Bitcoin makes no sense.

Bitcoin (BTC) Not for Serious Sacrificial Percentage of Loss

The bitcoin price ride to zero is definitely a tragic setback for BTC and its entire purpose. Though maximalists are okay and prepared for all setbacks, stating that it is bigger than them, that is not the purpose for, which BTC was intended for. 

It takes a very serious flaw to have Bitcoin coming down to Zero.  It takes some serious sacrificial percentage of loss which is not any investor want to invest in to.