Don't be afraid my friend because that ain't happening. Bitcoin will be used in the real world so exchanging it
again back to fiat is stupid. People would rather use bitcoin directly to purchase things.
Topic: What if everyone withdrew their coin in fiat? (Read 4393 times)
Would there be enough money in the exchanges? Would bitcoin fail?
if everyone withdraws the assets they own and converts them to fiat it is certain the bitcoin price will collapse very deeply and horribly and it could be bitcoin will never be believed again, but in my opinion it will never happen bitcoin will be more expensive.
If all of us suddenly decides to withdrew all our coin into Fiat then the market would crash down.
There wouldn't be a demand so the value would drop down to zero.
But I think this scenerio could never happen.
There wouldn't be a demand so the value would drop down to zero.
But I think this scenerio could never happen.
Everything would just be fine, as always
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What if everyone withdrew their coin in fiat?
This question is unlogic and the doing is impossible.
See the trade on my WSPU2 faucet.
You can see that if too many tokenholders sell the price goes so much down that soon or late other people will be interested in buying.
And with withdrawing coin it is more unlogic because if someone sells...an other one buys...so never all coins are sold.
If the price of bitcoin essentially drops, then of the 7 billion people on our planet there will always be enough people willing to risk that would try to increase their money several times.
Would there be enough money in the exchanges? Would bitcoin fail?
If you were asking if Bitcoin will fall, I strongly believe that Bitcoin will never fail. Why? Most of the countries are starting to accept cryptocurrency as an alternative mode of payment and considering Blockchain technology apply to different platforms. If Bitcoin will not fall, I think I don’t have to answer your first question.
This is impossible, at least not all the people can withdraw their coins in fiat, some will exceed the limit to withdraw the coins in fiat (daily/weekly/monthly or even yearly), some others will immediately close their exchange or their website will go "offline" due to some errors in their servers or even some maintenance.
The price of course will start falling down because this makes a huge panic to the people and this is the best moment to buy and banks at this stage buy which they plan to sell later at ATH.
... well if "everyone" will, then bitcoin, crypto in general will crash. bitcoin's value depends on its supply/demand. so if there's no demand then there's no value.
I agree with those who say it would be nearly the end of crypto. But still, it's the question of demand. Many people found a good source of income on the exchanges. They will create (and already do it) the demand for crypto and manipulate the market in such a way that all people at once won't be able to cash out all the money in fiat.
Why on earth would everyone "cash out" for FIAT which continues to decline in value? You seem to miss the strong point of Bitcoin being a deflationary currency based on its' fixed 21 million supply.
But still if we get there, that means that Bitcoin is no longer just an investment, but an actual currency. People will "cash out" their btc to buy bread, cars, homes from someone who will use it to do the same.
But still if we get there, that means that Bitcoin is no longer just an investment, but an actual currency. People will "cash out" their btc to buy bread, cars, homes from someone who will use it to do the same.
If everyone withdrew their coin into fiat then I guess the value of these coins will fall, so most likely there is enough money to convert these coins into fiat. But the problem would be that these exchanges would also be closing down if ever it is going to happen. A lot of things will happen if everyone withdraw their coins for sure.
I don't think that we do have all kind of mindset for sure some people will stay here in bitcoin no matter what the price we have right now, so better to just stay your holdings and just continue to buy what you can so that your investment can be added to your current holdings.
If everyone withdrew their coin into fiat then I guess the value of these coins will fall, so most likely there is enough money to convert these coins into fiat. But the problem would be that these exchanges would also be closing down if ever it is going to happen. A lot of things will happen if everyone withdraw their coins for sure.
this situation is impossible in market. Because there are no reason to people do that. If they dont like Bitcoin, they can choose altcoins. even the worst shitcoins have their fans
Would there be enough money in the exchanges? Would bitcoin fail?
If you were asking if Bitcoin will fall, I strongly believe that Bitcoin will never fail. Why? Most of the countries are starting to accept cryptocurrency as an alternative mode of payment and considering Blockchain technology apply to different platforms.
If Bitcoin will not fall, I think I don’t have to answer your first question.
They can take it. They should be.
Well after what you are imagining then it will be a chance for the new ones to buy at a cheaper price.
There will always be buyers. That is the truth.
Many people wants to get invested and if the buyers are too much it will gain value again. Demand is there so it will never stop to go up.
What is with all this negativity with bitcoin with just $1000 of dollars lost? You are all rejoicing when bitcoin grows so rapidly and you didnt even consider thinking it will fall back.
Well after what you are imagining then it will be a chance for the new ones to buy at a cheaper price.
There will always be buyers. That is the truth.
Many people wants to get invested and if the buyers are too much it will gain value again. Demand is there so it will never stop to go up.
What is with all this negativity with bitcoin with just $1000 of dollars lost? You are all rejoicing when bitcoin grows so rapidly and you didnt even consider thinking it will fall back.
Would there be enough money in the exchanges? Would bitcoin fail?
If you were asking if Bitcoin will fall, I strongly believe that Bitcoin will never fail. Why? Most of the countries are starting to accept cryptocurrency as an alternative mode of payment and considering Blockchain technology apply to different platforms.
If Bitcoin will not fall, I think I don’t have to answer your first question.
Would there be enough money in the exchanges? Would bitcoin fail?
Supply is over loaded and price will fall deeper and deeper. If this happens to Bitcoin the whole market crashes like domino effect. It is different story if it happens to just one or two of alt coins.
Given the market is unregulated, I would question if the exchanges have enough fiat to pay out everyone. I would say for most that it would be very unlikely.
Although you could argue that the same exists for banks. If everyone went to ATM's or bank branches at the same time and withdrew their savings in cash paper notes, there wouldn't be enough and the banks would be insolvent. Something slightly similar happened to Greece a few years back as part of Grexit, where Greeks were restricted to withdrawing something like $200 euros a day from their accounts, as there was concerns the country would leave the eurozone and have to start their own (less valuable) currency.
Would there be enough money in the exchanges? Would bitcoin fail?
Bitcoin will not fall. As we know bitcoin had been trusted by most investors since it is the first cryptocurrency to be ever successful and to bring convenience not just to people, but also business establishments. Most investors will surely buy more bitcoin once bitcoin price goes down at a very cheap price. So, I doubt if bitcoin will ever lose it's value down to zero.
Regardless of whether or not there's no association between all trades, they as of currently have the usd which is that the factor that creates them a interchange any case. The factor with most trades is that they exchange similarly, and that they take advantage of these variances, thus toward the tip, there got to be decent to travel around. Asides that similarly, i actually do not place stock in any trade if at any purpose a state of affairs like that happens, they'll basically stop working or stop withdrawals, however we will not see a circumstance like this in any case.
I think it is something similar of this question: What will happen if everyone burn their paper money?
It won't happen I bet so I think the same about bitcoin, not everyone will withdrew their coin in fiat + remember that there are some lost coins + satoshi nakamato.
Even if we consider this fact, high demand = low price and finally this coin will fall and destroy if everyone sells. But remember, exchangers won't do that.
It won't happen I bet so I think the same about bitcoin, not everyone will withdrew their coin in fiat + remember that there are some lost coins + satoshi nakamato.
Even if we consider this fact, high demand = low price and finally this coin will fall and destroy if everyone sells. But remember, exchangers won't do that.
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