What if everyone withdrew their coin in fiat? - page 5.

julzcoinbit

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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.

arlington

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recently the majority of people see btc and use it as an investment opportunity. If there won`t be liquidity in market than the demand will fall sharply and even if someone would like to dump their coins they won`t be able to find any buyer which would make the coins without any value.

Bonsaiav

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

Would there be enough money in the exchanges?

Exchange always have enough money to buy it because every exchange is always connected with other exchanges.

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

Would bitcoin fail?

Of course the bitcoin value will fall as low as possible but no matter how low the price, bitcoin can't be said to fail because at that time bitcoin has returned in the full condition and still has a pure price.

rhodelmabanal

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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.

Sexie

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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, theres enough money in the exchanges if ever that every one wants to withdraw their Bitcoin. Of course if that is case, Bitcoin is still there, it Will never fail. The. More Bitcoin available, then more people wanted to buy more and the price Will getting higher. We can not erase Bitcoin anymore or dump it, because it is now considered as the number one being a digital currency using by many big companies. Its revolution is unstoppable, it Will never Go back to Zero,

burner2014

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Quote from: bealjulian on February 26, 2018, 09:24:35 AM

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 growing value will surely attract new users and they will probably buy, and the old users few of them might sell

We have different thinking and perspectives in life, so I don't think that we will all gonna unite in just thinking and will withdraw our coins to fiat, I don't think that it will come especially now that bitcoin and other coins are quite too good and is worth holding and is continuously increasing from time to time.

GunsNRose

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Even if people massively begin selling bitcoins, there will always be those who will start buying it. Everyone knows that you can earn a lot on bitcoin.
Greed will move buyers.

winspiral

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

bealjulian

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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 growing value will surely attract new users and they will probably buy, and the old users few of them might sell

linshisui38

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In the real world, this has never happened, and the direct use of bitcoin has been increasing, not in the form of fiat money.

If people convert their money into fiat money, it is impossible to encrypt COINS in the world.

UCHCHILD

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Quote from: burner2014 on January 21, 2018, 04:43:48 AM

Quote from: pisston on January 21, 2018, 03:27:56 AM

Quote from: MFahad on January 21, 2018, 02:16:06 AM

That is a longer and stranger thing than you think. First, remember that there are many people that have ties into the mining farms, in one form or another. There are also the exchanges and the P2P sites. The initial exodus that you describe would profit the mining farms, the exchanges and many others.

And I've always been interested in one question, What will happen to a certain coin in a few years? They will always be traded on the stock exchange or do they have a certain period of life? I mean any coin that can be taken by example.

The worst thing that would happen in the name of cryptocurrency is if we are withdrew our money, hope that won't happen although it is expected to happen when bitcoin has reached its maximum capacity and the value has boom enough to make us all rich, but so far now it is unlikely to happen as we are still at crazy stage in having a cryptocurrency in our wallet.

A lowering of price would stop and plateau after a bit because there would still be those that are gaining coins as the TX's are processed.
Plus, not everyone can do what you say.

dustboy

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Quote from: d1ceplayer on February 06, 2018, 06:53:27 AM

Quote from: putrisa on February 05, 2018, 07:08:51 AM

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

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

if everyone withdraws all of their owned assets from the online wallet that it owns may make a slight drop in price but surely it will be for a while because so many want to buy your bitcoin & Fiat.

In reality, this will never ever going to happen as the market is full of investors who are investing their money into this and there is hardly any chance that all of them will withdraw their coins. However, in case this thing ever happens, then this will have adverse effects on the crypto market as the market value of all the crypto coins will start decreasing very much significantly and result in huge loss.

In reality it is possible to happen as well imo, imagine if all countries bans cryptocurrencies. This will force all people in the world to sell their coins into FIAT and if it is happen then all cryptos will have no values anymore. Obviously it is hard to happen but nothing is impossible in this crypto world.

d1ceplayer

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Quote from: putrisa on February 05, 2018, 07:08:51 AM

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

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

if everyone withdraws all of their owned assets from the online wallet that it owns may make a slight drop in price but surely it will be for a while because so many want to buy your bitcoin & Fiat.

In reality, this will never ever going to happen as the market is full of investors who are investing their money into this and there is hardly any chance that all of them will withdraw their coins. However, in case this thing ever happens, then this will have adverse effects on the crypto market as the market value of all the crypto coins will start decreasing very much significantly and result in huge loss.

SaShiRaJaVu

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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?

First and foremost we are most likely to see those sort of circumstances because there are far more people invested in bitcoin,if it was five years back then it would have been true because there were much less people into bitcoin,but at the present situation we wont end up in a situation like this,there will be enough money in exchanges to distribute because trade happens when someone is actually buying the coin and exchange is just a carrier.

Hypnosis00

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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.

MV7

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This is actually how exchanges in Korea do business. Instead of trading in BTC or ETH, trades are done mostly with Korean Won. It leads to some while fluctuations in prices, but it's so much easier to withdraw and deposit fiat than practically anywhere else.

ongels

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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 everyone withdraw their alt coins in Fiat, surely the value becomes lower, and this will be the end of cryptocurrency. But i think it won't happen because people are already adapted to its flow. and they gain benefits from it:)

mininglegend1234

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Quote from: nethan1btc on February 05, 2018, 05:31:44 AM

Quote from: di.ako.toh on December 01, 2017, 03:58:53 AM

If everyone withdrew their coin in fiat, there will be a sudden drop of Bitcoin price which in worst its value will be $0. But it is such a nightmare if happens, but in this kind of stability of Bitcoin in themarket, it is impossible to happen.

Exactly, which makes everyone do a panic selling due to suddenly fall of all crypto currencies. Well, in that case I would say yes it's possibly to happen but only less percentage. Each of us has our own thoughts and I don't think all of us will think that kind of scenario. Nevertheless, there are a lots of people hold their coins as the believe it will still increase which come from the different ICO projects having a good and quality advocacy, platforms or products on their projects.

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.

putrisa

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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 everyone withdraws all of their owned assets from the online wallet that it owns may make a slight drop in price but surely it will be for a while because so many want to buy your bitcoin & Fiat.

Qartersa

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I see too much baseless assumptions here, and everyone is just acting experts when they knew very little about Bitcoins in the first place. As for me, I do not think it will have an effect like extinction of Bitcoin. You know, Bitcoin will continue to exist regardless of the number of demand. The only thing that can touch it is through the price because surely its value will decline. Nonetheless, be mindful that having Bitcoin -- inasmuch as you earn and lose it -- is just paper loss that is unrealized until you decide to encash it to fiat currency. Hence, until such time comes, other factors will be too far fetched, if not outright unsubstantial.

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