What if everyone withdrew their coin in fiat? - page 4.

bitgolden

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Quote from: crimzonico on March 03, 2018, 01:56:19 PM

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.

Zadicar

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Quote from: iv4n on March 03, 2018, 02:51:48 PM

Quote from: ?? on ??

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

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

If every one starts selling their bitcoins for fiat,then definitely the price would crash and so exchanges would not find it difficult to pay.Such a situation has not happened in the past and i hope that such a situation would not happen even in the future.If it happens,it might be the end pf bitcoin.

Op made a mistake, you don't sell your bitcoins or other coins to exchange site, they are just middle man, you are selling to other people. Exchange earn in fees for trading, for withdrawing, from other things, but they are just in the middle, so when you sell your coins for fiat someone else have coins.
If demand goes to zero, that means that no one wish to buy any coins prices will go down and down to the zero if there is no interested buyer's, but when will that happen? Can you see that people wait dips to buy more! Crypto market is here to stay, chance for this market to touch zero value is 0.0001%, people are to interested and if bitcoin price go to 1 dollar people would buy and pish the price back up.

This is right. Exchanges are only the place on where buying and selling among traders do happen which means the main thing here is that the entire circulation of the market does really depend on demand with each user which means even theres no transaction on any exchangers it doesn't mean it will completely affect or goes to zero since they can able to transact peer to peer without the need of exchangers but its quiet hassle and to slow to consider.

iv4n

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Quote from: ?? on ??

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

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

If every one starts selling their bitcoins for fiat,then definitely the price would crash and so exchanges would not find it difficult to pay.Such a situation has not happened in the past and i hope that such a situation would not happen even in the future.If it happens,it might be the end pf bitcoin.

Op made a mistake, you don't sell your bitcoins or other coins to exchange site, they are just middle man, you are selling to other people. Exchange earn in fees for trading, for withdrawing, from other things, but they are just in the middle, so when you sell your coins for fiat someone else have coins.
If demand goes to zero, that means that no one wish to buy any coins prices will go down and down to the zero if there is no interested buyer's, but when will that happen? Can you see that people wait dips to buy more! Crypto market is here to stay, chance for this market to touch zero value is 0.0001%, people are to interested and if bitcoin price go to 1 dollar people would buy and pish the price back up.

crimzonico

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Hope this happens so I can buy the dip haha

nelmari

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Yes I think there would be enough money if ever everyone would withdraw their coins in fiat.
For I am sure, not everyone will set their withdrawals to the same amount as everyone who are holding bitcoins. There would be some who panics and sell them for what is its current price is and there are also some who set their target amount already on how much they are selling it for.

Cosbycoin

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Quote from: KEPLER99 on March 01, 2018, 05:15:04 AM

Quote from: Arthoerra on February 28, 2018, 09:28:03 AM

Had it happened, holders coin exchanged it to fiat. It will certainly be the end of cryptocurrency. But unfortunately it never happen, because crypto currently used for many businesses that are not just for trading or similar. Investors are now much larger and bigger than few years ago.

In reality, this thing can never ever happen in the future as well. It is not possible for all the investors to withdraw their money at the very same time by selling of all of their coins simultaneously. If we assume such kind of situation to ever happen, then this will result in a huge downfall in the market values of all the crypto coins and that we can even expect the market value to be as low as 0.

Once you are there in the world of BTC trading, you need to be extra careful as making some wrong move can result in huge loss of money which you never wished for. However, in case everyone who is there in this field cash out his crypto coins and then convert them back into paper money, then this will seriously affect the market value of all the coins as selling of the coins result in decrease in the market value of the coin.

JL421

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There is surely a limit not everyone can withdraw there funds but a situation like this might never occur because every time someone sells a purchase has been made and not everyone actually withdraws their funds in case of panic most exchanges suspend trading or withdrawals

budakjawa

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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 everything is done simultaneously the whole world is definitely bitcoin will menglamai very drastic price reduction and the possibility of server will be very long process it because too many processes that enter but if only few people it will not make bitcoin collapse.

mrproblem

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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?

An old but a good question to answer.
Problem is not having enough money in exchanges. Because In case of a massive transfer to fiat means selling and dropping of coin price to much means there can be lots of gamers again inside

KEPLER99

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Quote from: Arthoerra on February 28, 2018, 09:28:03 AM

Had it happened, holders coin exchanged it to fiat. It will certainly be the end of cryptocurrency. But unfortunately it never happen, because crypto currently used for many businesses that are not just for trading or similar. Investors are now much larger and bigger than few years ago.

In reality, this thing can never ever happen in the future as well. It is not possible for all the investors to withdraw their money at the very same time by selling of all of their coins simultaneously. If we assume such kind of situation to ever happen, then this will result in a huge downfall in the market values of all the crypto coins and that we can even expect the market value to be as low as 0.

GelsoAM

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If you're a margin trader of course you do that because you use that pumps to earn money and sell to still earn money but that's more riskier because you are trading BTC.

naidray

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Quote from: julzcoinbit on February 26, 2018, 04:39:08 PM

Quote from: rhodelmabanal on February 26, 2018, 03:18:55 PM

I knoe that everyone could withdrawal their fiats in a higher prices, they don't think anyy necessary supplies but only as a higher reference. Since the price was dropped, people think that this isn't the goid time for withdrawals and still be holding the coins. If someone has to withdraw, I think they must be in need.

You're right, maybe they really need to withdraw because of financial needs, but the situation was, what if everyone withdraw their coin into fiat? Well, in my opinion, I think the market value of bitcoin will sharply down into the lowest price and we don't know when it could be back it's usual price again.

In reality, everyone cannot withdraw their coin to fiat. How do you want to know what is going through everyone's mind, moreover, if there is some negative impact on the market due to some reasons probably from the government, you guys really think you will even be able to log in into any of these exchanges ? Think again.

Worst that we can ever get to see are dip in prices like this and if that has not made everyone to withdraw to the point of seeing bitcoin at $1, I see no reason how that can happen.

tbterryboy

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Eehm…. I think the price of Bitcoin will fall to absolute zero and most of people will just give up. As for exchanges, you said what if everyone withdraws their money right? Then that means there will be no money in ever exchanger and some of them will close down. But one thing you should know is that Bitcoin started from zero to this current price rate.

white.raiden

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The market of cryptocurrencies will die because that is the only way for the market to die is to have a huge demand of selling because there will be a lot of coins supply and that will triggers the price of the coins to go down to a very low price which will give the market a bad image and that will be just a huge loss for everyone.

avithohol

newbie

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I think that's would be the end of the cryptos because cryptos are strong or not depending on it's volume. No volume means the market is already dead.

miccb

newbie

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money will not be lost. it will never be lost. it keeps on circulating in the system.
btc could fail if people stop patronizing it. if companies go for traditional advertisement, not involving cryptosystem, if people stop buying shares of btc.

winspiral

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Quote from: Arthoerra on February 28, 2018, 09:28:03 AM

Had it happened, holders coin exchanged it to fiat. It will certainly be the end of cryptocurrency. But unfortunately it never happen, because crypto currently used for many businesses that are not just for trading or similar. Investors are now much larger and bigger than few years ago.

Like already said,it is impossible because with each trade we have a buyer and a seller...how can the buyer exchange in fiat?
ok by selling...
but then we have an other holder...etc...

Arthoerra

newbie

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Had it happened, holders coin exchanged it to fiat. It will certainly be the end of cryptocurrency. But unfortunately it never happen, because crypto currently used for many businesses that are not just for trading or similar. Investors are now much larger and bigger than few years ago.

KalaiBTC

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Quote from: winspiral on February 26, 2018, 09:26:53 AM

It's never possible because if you sell coins somebody other will buy them...it is why it is not possible that everyone withdrew.

Though this thing can never happen as there will always be certain people in the market who will be ready to buy the coins which you are planning of selling them off. However, if this ever happens, then this will turn out to be the worst thing as it will result in a huge decrease in the market value of all of the crypto coins and will thus effect the reputation of all the crypto coins in a significant manner.

Bluehorizon365

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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?

But when someone is selling his bitcoin isn't it being replaced by someone else who is buying ?
I mean if i own 1 BTC and i sold it on the exchange, now someone else owns my 1 BTC ?

Thanks !

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