Topic: What if everyone withdrew their coin in fiat? - page 11. (Read 4359 times)
As i remember exchanges that allow fiat trading have to maintain the amout of fiat on their account according to SEC rules.
this will really affect the sharp decline in prices, this process is long and just seems to be an outrageous one 
I think if everyone convert their coin to fiat the price will decrease or fall but its not now and not in the next fee years. I think not allpeople convert their fiat in the same time and not all people do that because if they convert their coin for sure the price will decrease and other people buy bitcoin because they want to earn profit so they buy cheap bitcoin price .
Everyone converting money into fiat mean that panic selling, so the price of bitcoin will certainly start falling and it will just as crash like situation, but i think it is not possible in near future, because in near future people trend is to buy more and more bitcoin, the increasing demand of bitcoin is in fact decreasing the supply and so the price goes up. Well we all know what happens when people panic sell. We've seen thr effects of it several times in the past. The price drops down pretty quick and the waiting whales are having a great time buying and acquiring more bitcoins.
You are right we do already see on how the market behaves if people do tends to panic sell.Price do eventually go down but theres always whales who do wait for the right time to buy or accumulate cheap bitcoins for them to buyback again.If the time that all people withdraw their bitcoin into fiat or coins then we would really definitely see drastic price decrease.
It's not possible at all if everyone has the same decision to withdraw their coins in fiat, of course.. each person has a different opinion in predicting the coins and certainly of the many people who will still holding and waiting or keep investing in other coins.
I am sure this will not happen because as a bitcoin holder I will never sell, but just for the sake of the topic. The answer would be bitcoin is worthless. As we all know the price of anything would be the buyers willingness to pay for it. If this happens most likely it is the end of the world as we know it. The effect is not only limited to Bitcoin but to other alt coins as well we can expect that when bitcoin hits $0 then most likely others will hit $0 as well.
I think if everyone convert their coin to fiat the price will decrease or fall but its not now and not in the next fee years. I think not allpeople convert their fiat in the same time and not all people do that because if they convert their coin for sure the price will decrease and other people buy bitcoin because they want to earn profit so they buy cheap bitcoin price .
Everyone converting money into fiat mean that panic selling, so the price of bitcoin will certainly start falling and it will just as crash like situation, but i think it is not possible in near future, because in near future people trend is to buy more and more bitcoin, the increasing demand of bitcoin is in fact decreasing the supply and so the price goes up. Well we all know what happens when people panic sell. We've seen thr effects of it several times in the past. The price drops down pretty quick and the waiting whales are having a great time buying and acquiring more bitcoins.
I think if everyone convert their coin to fiat the price will decrease or fall but its not now and not in the next fee years. I think not allpeople convert their fiat in the same time and not all people do that because if they convert their coin for sure the price will decrease and other people buy bitcoin because they want to earn profit so they buy cheap bitcoin price .
Everyone converting money into fiat mean that panic selling, so the price of bitcoin will certainly start falling and it will just as crash like situation, but i think it is not possible in near future, because in near future people trend is to buy more and more bitcoin, the increasing demand of bitcoin is in fact decreasing the supply and so the price goes up.
It's really unlikely that everyone will sell BTC at the exact same time and all of their holding (all together). But yes, if people start selling BTC for USD, the price will fall as expected, this is usually the case when some news pop out about some countries banning the currency, or when forks happen (difficulties or whether it went smooth). In any case, it's very unlikely that everyone will sell at the same time, you will definitely have enough time to liquidate your holding if you see the price going down, but that would make you a trader and not a holder. A holder is someone who doesn't care about the short-term news and their effects, but sees the "big picture". A crisis and negative news happen, but they are usually resolved after some time.
Would there be enough money in the exchanges? Would bitcoin fail?
I think that the bitcoins are still not completely untwisted. Time will pass and everyone will use them, and then we'll see
I think if everyone convert their coin to fiat the price will decrease or fall but its not now and not in the next fee years. I think not allpeople convert their fiat in the same time and not all people do that because if they convert their coin for sure the price will decrease and other people buy bitcoin because they want to earn profit so they buy cheap bitcoin price .
Everyone converting money into fiat mean that panic selling, so the price of bitcoin will certainly start falling and it will just as crash like situation, but i think it is not possible in near future, because in near future people trend is to buy more and more bitcoin, the increasing demand of bitcoin is in fact decreasing the supply and so the price goes up. Exactly, it will not happen because daily many new people are entering the market and buying the Bitcoin with the fiat currency. Few people are converting to fiat currency when they make profits on the Bitcoin but most of the people are still holding the Bitcoins.
This is really happen i have a friend and he want to invest with me he has a 30k cash and he want to invest it then i am the kne who manage i told him that he might study the trading i dont want hin to invest and i am the one who will manage and i dont want that happen. And that was some people turn their fiat currency to invest so i dont think so that some will withdraw their coin into fiat currency.
Would there be enough money in the exchanges? Would bitcoin fail?
Well, in principle, yes there will be no demand, so he simply will not be able to raise the price. Therefore, at zero level, bitcoin simply becomes an unnecessary and forgotten coin. 
In my view, this can not happen. Because If Bitcoin has value and the price still goes up, People will trust in Bitcoin and still invest Cryptocurrency. Do not worry about this situation, men. 
Yes nothing like that will happen because bitcoin is satisfying its users and they are happy with its progress and if some propaganda will be started like that then investor are mature they will not participate in such activity because they know bitcoin is name of hope and all the bitcoin revenue is delivered to them for their sakes so why to put bitcoin in such a suffering condition.In my view, this can not happen. Because If Bitcoin has value and the price still goes up, People will trust in Bitcoin and still invest Cryptocurrency. Do not worry about this situation, men.
The bitcoin is being use by a lot of the people and it is not yet possible to make bitcoin better than the other currencies. If the bitcoin will get down then we will not be able to have the huge income so be the bitcoin user and never try to withdraw the bitcoin and the money be very high in just a few days joining the signature campaign is the other source of income so be the online shopping user. For case of the extra money. I think if everyone convert their coin to fiat the price will decrease or fall but its not now and not in the next fee years. I think not allpeople convert their fiat in the same time and not all people do that because if they convert their coin for sure the price will decrease and other people buy bitcoin because they want to earn profit so they buy cheap bitcoin price .
Everyone converting money into fiat mean that panic selling, so the price of bitcoin will certainly start falling and it will just as crash like situation, but i think it is not possible in near future, because in near future people trend is to buy more and more bitcoin, the increasing demand of bitcoin is in fact decreasing the supply and so the price goes up. Exactly, it will not happen because daily many new people are entering the market and buying the Bitcoin with the fiat currency. Few people are converting to fiat currency when they make profits on the Bitcoin but most of the people are still holding the Bitcoins.
If everyone did withdrew their coins in fiat then bitcoin would go back to the price when it first started and obviously the alternate coins wouldn't have value too. Exchanges would be on loss and everyone would panic for sure. But that's too far from happening in real life yet.
That's not even a possibility. There may be a run but it will correct over time, Its here to stay
This is hardly any chance of this to occur. Yes, it is very much possible that everyone starts converting their paper money into crypto currency. The future is of crypto currency and I don’t think so that anyone who is having any crypto currency will ever think of converting it back to paper money. This is just like losing your own income and profit.
The price not reach $0 you know why guys? It is because there were lost wallet out there that really cost too much and with lots of btc on it. And there lots more lost coin out there, so there will be no reason to turn this thousands of dollars into zero balance. And also people will not let bitcoin fail, so.exchange will never be worry about that because big investors will really hold their coins for long, How I wish I can be one of them, rich man with btc in my wallet. So I will.not let btc value fall so down.
Would there be enough money in the exchanges? Would bitcoin fail?
It will cause for the price to go down. So when you have 1 million Bitcoin the price of it converted to USD is not its real value.
On today's price of bitcoin which is $5600 it doesn't mean that your coin is worth $5.6Bn if you try to offer it on exchanges in one lump sum the price will automatically fall because of the large amount that is available on the market.
The price that we are seeing on the exchanges is based on the supply that is available on the market and the demand of the people who wants to get a piece of that coin.
$2.200,000,000 is an average of Bitcoin daily trading volume, every body is selling, and the new people buying them will sell as well. if %100 of Bitcoin holders sell at once, price will hit $1 and those who bought cheap will become the crypto kings when another 10M people out of 7.5B notice something like BTC exist.
When people sell large amount of BTC for fiat, supply increases and prices will proportionally go down. And I think when this happen, the last group will be receiving the cheapest value of bitcoin. There will be no instances that they will get the same value and I think those who will convert first will be experiencing slow transactions. I think it will be a long line.
First thing is it is not at all possible to see such kind of thing in the future. In case, there comes a time when we experience such kind of scenario that all the people who owns bitcoin and other crypto coins convert their money into fiat, then it is not possible for crypto coins to survive in this world. This will result in loss of value as well as market price of bitcoin. Jump to: