Topic: What if everyone withdrew their coin in fiat? - page 12. (Read 4393 times)
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.
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.
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. Withdraw of Bitcoin by the holder doesn't necessary mean Bitcoin will depreciate in value because as you are busy selling someone else is buying them and hold for a period of time and when the demand becomes high then, that increase the market value of Bitcoin to where is was or above the previous level.
Buying and selling is something which is going to happen in the world of business especially when we talk about bitcoin. There is no way that we can experience such kind of thing and too in case of crypto currencies. In case there comes a time when all the owners of the crypto coins withdraw it into fiat, then digital money will be of use. Though it is not at all possible to happen.
If everyone did withdraw their coin in fiat then expect price would really go to the bottom or would even go to 0 which would really make a coin with no value at all.Come to think off that if people lose interest on a certain coin and dump it and no one would really buy it then consider that coin as dead.
Would there be enough money in the exchanges? Would bitcoin fail?
If everyone withdrew their funds in a exchanges of course bitcoin will fall and may go to 0 value. Will there be enough money for the exchange to cover all the withdrawal? They should be solvent in the first place. This scenario is like a bank run, wherein all the depositors withdraw all their money simultaneously because they are afraid about the bank's solvency.
But I highly doubt that this scenario will happen to bitcoin. And if even a big few whales dump their bitcoins, they will be still a good amount of people who are going to purchase bitcoin because we love to buy in dips. So I think this will unlikely to happened.
With such volatility of cryptocurrency, If there's panic selloff into FIAT currencies it surely will create ripple across banking sector. There's no regulations in crytpcurrency but ppl are investing for most part to get financial gains in FIAT currencies.
Would there be enough money in the exchanges? Would bitcoin fail?
Surely the price for bitcoin would go much below as it is nowBitcoins can hardly replace the local currency. Bitcoin is a best cryptocurrency and a digital currency but the chances of replacing the local currency with bitcoins is nearly impossible. if most of the people start dumping bitcoins or start selling their coins for fiat. This will gradually increase the sell orders and it will decrease the price for that particular coin. 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 .
I think that there are more important concern than the decrease of bitcoin value and that is the lost opportunity to a bigger profit. Bitcoin is volatile and because of this, there is a constant change in the price of bitcoin wherein most of it is increases. It is true that if many people will sell bitcoin its value will degrade but come to think of it, if bitcoin is converted into regular currencies their money will be in fixed rate now therefore loosing the chance to have a greater value because if constant increases of bitcoin's price.
Would there be enough money in the exchanges? Would bitcoin fail?
Not necessarily fail, Let's assume that this will happen, There will be fall at price but surely it will not result into a failure, bitcoin still there and will be there always. However, this cannot be possible at this stage and there will always be people willing to purchase even at a lower price unless of course something negatively huge even beyond bitcoin happens to cause the scenario the OP has painted which seems impossible.
Yes the exchanger will got enough money to pay all the investors, and if everyone sell their bitcoin the price will fall down to zero and the exchanger will in the brink of bankruptcy
that will be a huge shock for crypto currencies, if this is happening I think crypto currencies will be collapsed and nobody want to invest anymore, all the alt coin will also die
that will be a huge shock for crypto currencies, if this is happening I think crypto currencies will be collapsed and nobody want to invest anymore, all the alt coin will also die
Exchanges having enough Fiat money doesn't prove the bitcoin to fall $0. Its in hand of the traders and their control over the demand and supply of Bitcoins. Of-course if the exchanges are having enough Fiat currency and if all the traders are short selling in huge positions then only BTC will dump to zero price otherwise don't expect it. I am sure that it wont happen for any reason, till people are actively using bitcoin with positive attitude and having faith in it 
.
.
Withdraw of Bitcoin by the holder doesn't necessary mean Bitcoin will depreciate in value because as you are busy selling someone else is buying them and hold for a period of time and when the demand becomes high then, that increase the market value of Bitcoin to where is was or above the previous level.
This cannot happen as everyone just won't do that. However, in theory (if that's possible at all) all the exchanges will have to make up for that, which will mean the large decrease of BTC and all other alternative cryptocurrencies. So if that's the doomsday of the cryptocurrencies and some exchanges will get closed and some of major holders would be found committing suicides, all the governments, which have banned ICO's and alternative coins will be telling the society how right they were and how genially they've managed to forsee the upcoming bubble and top of that will be Jamie Dimon dwelling about american dream, patriotism, stupidity of traders and investors, involved in operations with Bitcoin and all that kind of hilarious nonsense.
Though it won't happen cause we will hold it till the very end of the World... As we are bitcoin investors and that's why BTC is stable and will always bee- it's supported by people
Though it won't happen cause we will hold it till the very end of the World... As we are bitcoin investors and that's why BTC is stable and will always bee- it's supported by people
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 .
We know that this is a shame now. But I will answer your question
Probably yes, If everyone is going to sell their Bitcoins holds. The value of bitcoins will definitely be 0.
Right since it is a conditional! But wrong because it is impossible. The value of bitcoin can never be zero cause it was never even zero when it all started. Probably yes, If everyone is going to sell their Bitcoins holds. The value of bitcoins will definitely be 0.
Don’t forget that someone is buying and it is the value the person places on it that it will remain. The worst is that it will be worthless if there is no one to buy it back which is pretty much not possible at this stage. However, this is something that can never happen so we should focus on pretty much better things than non feasible stuffs.
Would there be enough money in the exchanges? Would bitcoin fail?
Dude , what happens to something if it's not in demand? It dies ! If no-one is interested in Bitcoin then obviously the prices will drop down to 0. You should understand this yourself , like forget about Bitcoin take the example of any product or anything. If people don't like it , they don't use it .
Would there be enough money in the exchanges? Would bitcoin fail?
Not necessarily fail, Let's assume that this will happen, There will be fall at price but surely it will not result into a failure, bitcoin still there and will be there always. However, this cannot be possible at this stage and there will always be people willing to purchase even at a lower price unless of course something negatively huge even beyond bitcoin happens to cause the scenario the OP has painted which seems impossible.
If they will withdraw their coins into fiat then there will be no volume in the market and i think there will be a shortage in fiat support for different exchanges and there will be no transaction will be made if they will just withdraw it all once. The mining will fail because of the lack of transaction to confirm so they will not get rewards and also the bitcoin can fail also because of that.
if everyone withdrew their coin. mostly the effect of is to dump all the coins and being priceless soon. if everyone doesn't value their coins is it the time that all coins are being worthless and being trash.
Jump to: