Yes. At this point it could as far as RM1mil or 0. Because there is no intrinsic value attached, literally it can go anywhere. Purely depends on how much people value 1 btc.

but Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful."

IF i enter 36000. Sell position

BTC have to blown pass 70000 to blow my account lah.

Errrr... not really. U wont see gold bar drop to RM1. U wont see a 10 year old working car drop to RM1. On the flip side, you wont be paying RM1mil for a gram of gold too. Because this assets has value in different area which can be used as reference basis. Yes counter argument is that a broken car with a decayed carcass inside maybe worth RM0 but that's like very extreme case (which I know btc nuts going to use that as crazy excuse non stop).Currency yes, it can go bust like venezuela or zimbabwe but again, extreme case since currency like USD and EURO will ever rarely drop to such low due to their worldwide acceptance and central bank control (unless the govt gone nuts and start mass printing for no reason).

Btc however........really just digital bits of 0s and 1s. It initially serve as alternative transaction to fiat away from govt control but not the case now with the price fluctuation. So it has no other value than to simply buy low and sell high or short. Since there is no govt/admin control (e.g. increase btc limit aka printing more money if the value skyrocket) , the value will move wildy since there is no way to tell whats its actually worth as there is no reference (value in other field) and depends solely on speculation. Therefore, if it goes USD 1mil or 0 one day, I wont be surprised.

Maybe. If its anything like mad max, gold may be 0 while 1 liter of black gold is USD1mil. But that example is really hard to imagine since, like I mention many times, can be used in other fields like decoration, jewelry, electronics or simply be bought by Uncle scrooge cause rich people just love shiny stuff.

btc on other hand is used for what purpose? If its value drop to 0, what can u use that 0s and 1s in your hdd for? You cannot buy anything from it (since it's 0) and you cant really just keep it as collectible. Even Zimbabwe trillion dollar note got more use as collector's item. Btc now is worth as much as it cause people's perception of it and that's it. Also if btc is so low that nobody is mining, the entire system can collapse overnight cause no govt/admin control.

Inb4 to btc nuts, I'm not claiming btc is going to collapse, I agree it can reach RM1trillion, so get off my back. In fact because it has no reference value to back it up, it very possible it can go up infinitely as long as people perceive it that way.