Topic: What if everyone withdrew their coin in fiat? - page 2. (Read 4380 times)
The price of bitcoin is being affected by the demand and supply of individuals and if everyone were to withdraw their coin into fiat, it will certainly cause a decrease in value because there will always be dumps at all times.
I think people will pull their coins at the highest price or the price of the coins in the prediction will fall as it could be from the number of bitcoin more and more and the fewer its consumers affect the price of the coin.
That's the common mentality of most people here, that's why the best business move is to always "hold" right? It has been in their attention that if you would transact on times when the market is down, then it would be the dumbest move that you ever could do because you would only get a loss. Having said that, I think that the trading sites have enough if that happens where people would invest their coins for money. That happens and we have not heard of the market crashing or anything, I think those trading sites are getting more than enough as they impose high transactions fees these days and a little more.
Would there be enough money in the exchanges? Would bitcoin fail?
If EVERYBODY wanted to dump all their BTC, the price would go to ~$0/BTC... So yes, in this case there would be enough FIAT on the exchanges.
It's all supply and demand. If the supply is huge and the demand is 0, the price goes trough the floor.
isn't bitcoin supply limited? about the demand maybe it will influence the price, but the supply only limited for 21 million only and there is also about the dead bitcoin.
In this case price would keep reducing and if everyone went to fiat, price would go to 0, supply and demand determine these markets thus if supply over weighs demand of a product, price reduces and viceversa
Would there be enough money in the exchanges? Would bitcoin fail?
If EVERYBODY wanted to dump all their BTC, the price would go to ~$0/BTC... So yes, in this case there would be enough FIAT on the exchanges.
It's all supply and demand. If the supply is huge and the demand is 0, the price goes trough the floor.
isn't bitcoin supply limited? about the demand maybe it will influence the price, but the supply only limited for 21 million only and there is also about the dead bitcoin.
For a crypto to survive there should be both demand and supply.But in case of bitcoins there is no chance of it falling there is enough demand for bitcoins and people have started accepting bitcoins. Banks will be liable with the funds that you have, but no passive income is possible due to low interest value that’s provided to fiat depositors
In current scenerio the growing value will surely attract new users and they will probably buy, and the old users few of them might sell, but this cycle is going to continue and technically Bitcoin won't be completely withdrawn to fiats. 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
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. 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
Would there be enough money in the exchanges? Would bitcoin fail?
Yes abso5 yes because the overall price of the bitcoins depends on the supply and demands of the people if the people cash out all their bitcoin into fiat then what will happen is there are no bitcoin holder that are existing snymore and the bitcoins price wil vanished and they are just starting drom scratch again because all the people sell them and then the value will be almost worthless again because of a high volume but not buys in the market.
Would there be enough money in the exchanges? Would bitcoin fail?
If everyone dumps their bitcoin, obviously the value will surely drop a lot. However, I doubt if this will happen. Of ever bitcoin drops back to less than a thousand dollars, a lot of people will surely buy back to get more bitcoin at cheaper price.
I'm sure there would be at least a hundred people who will be ready to purchase the entire bitcoin supply at $10 a coin. Also if everyone withdrew their coins in fiat at the same time, then the coin will fall in price at a astronomical rate.
Obviously the cryptocurrency market will die. The same will happen with every thing in our world
When most of people sell their alts, the price would decrease definitely due to supply demand. If everyone loses their interest in cryptos, it would be a disaster in the trading market. From my point of view, that day would never come, investors would never give up make profits on it.
what a tendency we see when the bounty of the company participated and wait for the distribution. Once the coin falls into the user's hands, it immediately enters the market. And this omits the price of a coin. So we always face the problem of a coin falling in price.
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.
As if the people start selling their coins in terms of fait then with in few weeks the price of Bitcoin will decrease very low and even the holders of btc will also reduce. As the demand will decrease and supply increase so the value will also decrease. And there are maximum number of chances that Bitcoin might lose its potential customers.
When most of people sell their alts, the price would decrease definitely due to supply demand. If everyone loses their interest in cryptos, it would be a disaster in the trading market. From my point of view, that day would never come, investors would never give up make profits on it.
what a tendency we see when the bounty of the company participated and wait for the distribution. Once the coin falls into the user's hands, it immediately enters the market. And this omits the price of a coin. So we always face the problem of a coin falling in price.When most of people sell their alts, the price would decrease definitely due to supply demand. If everyone loses their interest in cryptos, it would be a disaster in the trading market. From my point of view, that day would never come, investors would never give up make profits on it.
what a tendency we see when the bounty of the company participated and wait for the distribution. Once the coin falls into the user's hands, it immediately enters the market. And this omits the price of a coin. So we always face the problem of a coin falling in price.
When most of people sell their alts, the price would decrease definitely due to supply demand. If everyone loses their interest in cryptos, it would be a disaster in the trading market. From my point of view, that day would never come, investors would never give up make profits on it.
Hope this happens so I can buy the dip haha
Hahahaha you seem more awaited for dips. Well yeah, this would be a fantastic chance for every buyer out there to examine the scenario and buy according to their pocket range. For such dips, better is to keep an amount gathered already with you that as such situation comes, hit the market and earn your part. Bitcoins are not that much hard to get, just use some technicalities of field.
you can't because even you also lose confidence in this cryptocurrency. just think what we discussed 3 months back. we discussed if the price drops $10k it is the best time to buy bitcoin. but now the price is $8k and all altcoins dropped like a hell still looking for best price. according to you what is the best price? I think no one is ready to lose their money am I right?
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.
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