Topic: If people stop buying bitcoin - page 69. (Read 7236 times)
Well it doesn't people at a certain level only stop buying at a certain price if that happens the next thing that the sellers will do is to drop proces until a buyer will match their price. That is how cryptocurrency trading works there will always be demand on a certain price. Simply having no people buying Bitcoin will mean the end for it as no one is interested in having your Bitcoin, it means that there will be no demand for it if ever that happens.
If no one buys its the end of bitcoin for sure. If it becomes worthless then there's no more demand. What if no one buys gold too?
The reality is we are the ones that dictates prices and value to things tangible or not, always remember the law of supply and demand.
The reality is we are the ones that dictates prices and value to things tangible or not, always remember the law of supply and demand.
What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
I believe, if people just stop to buy bitcoin, the value go to $ 0, just like Tulip Mania. People must see Bitcoin, like a currency or investment device, to continue the trade.
I agree I don't think it will ever happen realistically, but there's a difference between buying it and using it, so a person who owns an amount of it will probably avoid using or "spending" it if he believes it will continue to increase in value. Why spend an asset that is increasing in value when you can spend a fiat currency that will only depreciate in value?
Simply because most people believe that the value of bitcoin should be higher than this so. If there is a big dip, expect more investor to get their hands on to get price back up and reach a new ATH. the people that dump it will buy it back at a higher price, this always happen lol
What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
That is an obvious question, there will be less demand, so was the price. I think that is impossible since bitcoin is surviving a lot of years now and even it dumps, people will be taking advantage of that dump and use that to earn a good profit.
I don't think it will happens. There is no reason. The demand is high and will be high too as day by day more people know bitcoin and its potential.
If what you said happens, price will fall as demand is lower than supply. But as I mentioned it never happens.
If what you said happens, price will fall as demand is lower than supply. But as I mentioned it never happens.
If there is no demand then the price will go to 0$ but as mentioned above, that's unrealistic and impossible to happen.
you can't just ask these "what if" questions without putting a little thought into it!
for example why would every single person involved with bitcoin decide "at the same time" to not buy bitcoin anymore at any price?
for example why would every single person involved with bitcoin decide "at the same time" to not buy bitcoin anymore at any price?
What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
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