What if everyone withdrew their coin in fiat? - page 10.

shata

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Quote from: kkofor on November 11, 2017, 03:45:22 PM

If all people withdraw coin in fiat, the market will be dropped. But I think that there is no reason for the investor to do that.

I think it will happen when there's a big reason for the investor to do that when there's a fear of a big war like worldwar 3. Massive drop of bitcoin price will generally happen due to market volume will crash if people will do that and that certainly results to crash of bitcoin. But of todays current situations of bitcoin rising scenario people who patiently invested their wealth over bitcoin's economic system, I am not confident that they will have the will to do that because it may reach bigger value soon as price will rise even better.

adsdas

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https://streamies.io/

I don't think that the day will happen. If some people panic sells some coins. The price is too low and then other investors will buy again.

Hanako

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Then many of them the value of the coins will bw drop down and does not will recover fast because all of it's coin withdrawn into fiat? Better to have strong foundation to help increased it's value fast and better

PointHope

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Quote from: kkofor on November 11, 2017, 03:45:22 PM

If all people withdraw coin in fiat, the market will be dropped. But I think that there is no reason for the investor to do that.

A much more likely scenario is for more and more people to move into truly decentralized crypto currencies, which will collapse central banking an central government.

The only way for central governments to stop this is to declare war on the people.
When that happens; the people won.

kkofor

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If all people withdraw coin in fiat, the market will be dropped. But I think that there is no reason for the investor to do that.

flatnose101

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Quote from: n0ne on November 02, 2017, 08:27:44 PM

Quote from: redsun114 on November 02, 2017, 05:37:15 AM

Quote from: wiaczeslaw on October 31, 2017, 10:42:09 AM

this will really affect the sharp decline in prices, this process is long and just seems to be an outrageous one

The first thing is this that it is not at possible for this thing to happen, not in any way. In case there comes a time when we see the all the owners of crypto coins withdrawing their coins into paper money, then I think this thing will have very much serious consequences. This will affect the reputation of crypto currency severely and it will result in huge decrease in the market price of coins as well.

Yes, such situations never exists. If this happens too, it won't happen with the entire digital currency as a whole. This will surely collapse the term digital currency as well gives an outlook that digital currencies were scams. Believe such a situation never exist, as more people get into digital currency usage rather than leaving the market.

they will never do that exactly because they will know if that might happen and if they take to sell bitcoin that they are holding they may have some regret and cause to fail of them not in bitcoin.

dieselmeister

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If all people sell Bitcoin to receive dollars, I think certainly, Bitcoin will go to the hell. With panic sell, altcoins died too. It's terrible

Ardenoss

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Certainly it's difficult to happen. Because everyone holds bitcoins for different purposes and plans, so there will never be a bitcoin exchange to fiat simultaneously.

BitcoinPC

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For each person that wants to exchange say USD for BTC, there has to be someone that wants to grab that order on an exchange. Most exchanges do not do the FIAT to BTC or vice versa, they simply handle the mechanics and the withdraws and deposits. You cannot sell what everyone is trying to also sell, there has to be a buyer on the other side.

dustboy

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Quote from: andthereyou on November 09, 2017, 03:00:28 AM

Quote from: steve0nz on October 09, 2017, 01:34:18 AM

Would there be enough money in the exchanges? Would bitcoin fail?

Yes bitcoin will fall as well as other altcoins. However it's impossible to happen millions of people already trusted cryptocurrency.

It is not impossible at all, it may happen if there is a very big news or issue about cryptocurrency. For example, if all countries do the same what have been done by China so it will force all people to sell their coins immediately. Obviously, no one expecting it as they believe with the future of cypto like what you said. In case all countries have the same regulation then for sure bitcoin will fall because no one will be able to use it for any purposes.

andthereyou

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Quote from: steve0nz on October 09, 2017, 01:34:18 AM

Would there be enough money in the exchanges? Would bitcoin fail?

Yes bitcoin will fall as well as other altcoins. However it's impossible to happen millions of people already trusted cryptocurrency.

Aaroenz0r

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Option Blitz

I think this case will not happen. There is no reason to all people withdraws their coins. If all people wanna withdraw coins, who will buy their coins? :v

boris singer

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Quote from: ?? on ??

Based on what circumstances would everyone in every country of this world decide to exchange his bitcoin in fiat money? If those circumstances doesn't exist then your scenario will never happen!

What is the sense of asking for something that will never happen?

The majority are still connected with regulatory issues that have not been done until now, bitcoin can also experience inflation if people return 100% believe in fiat, but this possibility is very small because the convenience of bitcoin in online business is increasing and can not be dammed. even effective even though not supported by government.

n0ne

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Quote from: redsun114 on November 02, 2017, 05:37:15 AM

Quote from: wiaczeslaw on October 31, 2017, 10:42:09 AM

this will really affect the sharp decline in prices, this process is long and just seems to be an outrageous one

The first thing is this that it is not at possible for this thing to happen, not in any way. In case there comes a time when we see the all the owners of crypto coins withdrawing their coins into paper money, then I think this thing will have very much serious consequences. This will affect the reputation of crypto currency severely and it will result in huge decrease in the market price of coins as well.

Yes, such situations never exists. If this happens too, it won't happen with the entire digital currency as a whole. This will surely collapse the term digital currency as well gives an outlook that digital currencies were scams. Believe such a situation never exist, as more people get into digital currency usage rather than leaving the market.

goaldigger

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Bitcoin to fiat. It would be risky if people carry their money all in fiat. Maybe we can do it by withdrawing bitcoin and putting it in banks so it can become digits and making transactions by debiting or by getting just a sufficient amount of money for your needs. In that way, we can have a normal supply of fiat on circulation.

swaptaker

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Quote from: ckorbba on November 02, 2017, 04:47:09 PM

Quote from: redsun114 on November 02, 2017, 05:37:15 AM

Quote from: wiaczeslaw on October 31, 2017, 10:42:09 AM

this will really affect the sharp decline in prices, this process is long and just seems to be an outrageous one

The first thing is this that it is not at possible for this thing to happen, not in any way. In case there comes a time when we see the all the owners of crypto coins withdrawing their coins into paper money, then I think this thing will have very much serious consequences. This will affect the reputation of crypto currency severely and it will result in huge decrease in the market price of coins as well.

Perhaps this is happening today, because if you watch the market trend, you can definitely make sure that you are very much in price fluctuations, or even fall at the bottom of the levels.

But they are talking about something different. Remember USDT crysis between tether and american banks. The value of tether was $0.9 at that thim and Bitfinex was still issuing new USDTs without backing it.

ckorbba

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Quote from: redsun114 on November 02, 2017, 05:37:15 AM

Quote from: wiaczeslaw on October 31, 2017, 10:42:09 AM

this will really affect the sharp decline in prices, this process is long and just seems to be an outrageous one

The first thing is this that it is not at possible for this thing to happen, not in any way. In case there comes a time when we see the all the owners of crypto coins withdrawing their coins into paper money, then I think this thing will have very much serious consequences. This will affect the reputation of crypto currency severely and it will result in huge decrease in the market price of coins as well.

Perhaps this is happening today, because if you watch the market trend, you can definitely make sure that you are very much in price fluctuations, or even fall at the bottom of the levels.

airdagon

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Quote from: steve0nz on October 09, 2017, 01:34:18 AM

Would there be enough money in the exchanges? Would bitcoin fail?

If that happens then there will be a very big change.
Supply will continue to increase and demand will fall.
this will cause a fall in prices.

redsun114

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Quote from: wiaczeslaw on October 31, 2017, 10:42:09 AM

this will really affect the sharp decline in prices, this process is long and just seems to be an outrageous one

The first thing is this that it is not at possible for this thing to happen, not in any way. In case there comes a time when we see the all the owners of crypto coins withdrawing their coins into paper money, then I think this thing will have very much serious consequences. This will affect the reputation of crypto currency severely and it will result in huge decrease in the market price of coins as well.

Qartersa

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It will not have an effect on Bitcoins' supply because the supply of Bitcoins will just be the same. Imagine a gold being converted to fiat. The gold supply is still there and in fact remains the same. Just that you have fiat in exchange for value of the gold you once held.

But when it comes to demand, there MAY be changes ONLY if there will be decrease in demand. Meaning, when nobody would want to hold Bitcoins anymore. Nonetheless, this will only have little effect because the growth of Bitcoins have been impressive the past few years.

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