Topic: What if everyone withdrew their coin in fiat? - page 9. (Read 4380 times)
I've been thinking, Bitcoin price is based on supply-demand right? If everybody sell their bitcoin, but no one buy it, then will bitcoin price go down? What I learn until now is bitcoin price will go down if someone sell below market price and someone buy it on that price and the price will go down
If all people withdraw coin in fiat, the market will be dropped. But I think that there is no reason for the investor to do that.
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.
When that happens; the people won.
If it was that easy, they would have done it by now than succumbing and seeing how they can regulate it.
Moreover, declaring war on people is more like stamping on their rights cause I can decide to pay anyone with whatever I want as long as the person is willing to accept it as a form of payment, which is where the fun of decentralization comes in.
If all people withdraw coin in fiat, the market will be dropped. But I think that there is no reason for the investor to do that.
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.
When that happens; the people won.
If it was that easy, they would have done it by now than succumbing and seeing how they can regulate it.
Moreover, declaring war on people is more like stamping on their rights cause I can decide to pay anyone with whatever I want as long as the person is willing to accept it as a form of payment, which is where the fun of decentralization comes in.
Would there be enough money in the exchanges? Would bitcoin fail?
Yes, They have enough money! But BTC will not fail, It's trading buy low - sell high when this time is coming, You will see traders and investors buying more and more.
Money is Money nothing else ...
If all people around the world withdraw BTC. I'm sure that it will fail. But I think that there is no reason to people do that. Bitcoin is still rising, investors still hold to get profit
Would there be enough money in the exchanges? Would bitcoin fail?
There will be a big effect on bitcoin value if most of the investors start to wwithdraw their investment in every exchange or it will be dead or will be worthless, but i do not think it will happen because i always feel that bitcoin is on their progress due to continuous increasing of the demand that is why value of bitcoin is very attractive to many investors and it always profitable until it is existed.Yeah and it could create a high demand and cause bitcoin to be more volatile. But i dont think that it will happen because the longer we hold bitcoin the higher the profit we can get.
Yeah, it is not happening now and also in future we are not seeing that people will do it. It is a proof that every bitcoin users want to hold bitcoin and also give suggest to others just hold it and in future our new generation definitely want to buy bitcoin and will being a part of bitcoin. It is a trading people buy it sell it and hold it in a long way, this circle always continue.
This is kind of scenerio that will never happen. Even if there are natural disaster in every region of the world. The unlikely event of everyone withdrawing at same time is what is called fractional reserve. That is what model banking is based on.
To me bitcoin being totally withdrawn to local fiats would usually not take place, as the crypto market is thriving and Bitcoin is the primary currency of crypto world. Also the growing value will surely attract new users and they will probably buy, and the old users few of them might sell.
Would there be enough money in the exchanges? Would bitcoin fail?
There will be a big effect on bitcoin value if most of the investors start to wwithdraw their investment in every exchange or it will be dead or will be worthless, but i do not think it will happen because i always feel that bitcoin is on their progress due to continuous increasing of the demand that is why value of bitcoin is very attractive to many investors and it always profitable until it is existed.Yeah and it could create a high demand and cause bitcoin to be more volatile. But i dont think that it will happen because the longer we hold bitcoin the higher the profit we can get.
Would there be enough money in the exchanges? Would bitcoin fail?
This is not possible to happen because we know that everyone put their trust in bitcoin as an investment that can give huge profit for long term. But if ever the scenario came to reality the value of bitcoin will drop drastically if all users cash out their bitcoin. However we need also buyers in the exchange to make this happen, and if everyone wants to sell i dont think there are enough buyers for this.
If anyone or group of persons decide to withdraw all their Crypto coins in fiat currency, be sure there is always someone or a group of people willing and ready to buy it off. But if you meant withdrawing directly into fiat cash without having to use Exchanges then its a welcomed development.
It will not have an effect on Bitcoins' supply because the supply of Bitcoins will just be the same. Imagine a gold being converted to fiat. The gold supply is still there and in fact remains the same. Just that you have fiat in exchange for value of the gold you once held.
We are even the ones that fixed the value based on how we have perceived it and as long as bitcoin remains valuable and useful, there is no way everyone would want to dump what they are holding. Even if at all we have only one person buying and decide to buy everything from everyone's hand in the world, bitcoin will still have a value for him. But really, this is something that cannot happen, so it is really not worth imagining.this will really affect the sharp decline in prices, this process is long and just seems to be an outrageous one 
It is really something that cannot happen. Unless bitcoin becomes extremely worthless that no one is willing to buy is when we will see such crazy dump. Even if everyone decides to drop all they have, we have to understand that it is at least one person that is buying all of them, so at the end, everyone cannot dump their bitcoin for fiat.We cannot say with surety that what would be the future of digital currencies but yes it is not possible in near future that whole of the coins would get converted into the fiats.
Would there be enough money in the exchanges? Would bitcoin fail?
There will be a big effect on bitcoin value if most of the investors start to wwithdraw their investment in every exchange or it will be dead or will be worthless, but i do not think it will happen because i always feel that bitcoin is on their progress due to continuous increasing of the demand that is why value of bitcoin is very attractive to many investors and it always profitable until it is existed.Yeah and it could create a high demand and cause bitcoin to be more volatile. But i dont think that it will happen because the longer we hold bitcoin the higher the profit we can get.
Would there be enough money in the exchanges? Would bitcoin fail?
Yes bitcoin will fall as well as other altcoins. However it's impossible to happen millions of people already trusted cryptocurrency.
If everybody dumps then the price of all crypto will go to Zero. Its a red flag for crypto world.
First of all that's folly. But in the moat impossible case that it will happen, of course crypto will fall. Though some people would be at a loss especially those who will withdraw last. Ita far from happening so don't worry
Would there be enough money in the exchanges? Would bitcoin fail?
Yes bitcoin will fall as well as other altcoins. However it's impossible to happen millions of people already trusted cryptocurrency.
It is not impossible at all, it may happen if there is a very big news or issue about cryptocurrency. For example, if all countries do the same what have been done by China so it will force all people to sell their coins immediately. Obviously, no one expecting it as they believe with the future of cypto like what you said. In case all countries have the same regulation then for sure bitcoin will fall because no one will be able to use it for any purposes.
We have gotten to a stage where any country cannot just decide anything as long as the community is strong and we all agree to keep using the coin. It's a free world, but for everyone dropping their coin for fiat ?
Imagine who you will even be able to sell it to at some point as no one will want to be a bag holder of coin no one wants.
It will not have an effect on Bitcoins' supply because the supply of Bitcoins will just be the same. Imagine a gold being converted to fiat. The gold supply is still there and in fact remains the same. Just that you have fiat in exchange for value of the gold you once held.
We are even the ones that fixed the value based on how we have perceived it and as long as bitcoin remains valuable and useful, there is no way everyone would want to dump what they are holding. Even if at all we have only one person buying and decide to buy everything from everyone's hand in the world, bitcoin will still have a value for him. But really, this is something that cannot happen, so it is really not worth imagining.this will really affect the sharp decline in prices, this process is long and just seems to be an outrageous one
It is really something that cannot happen. Unless bitcoin becomes extremely worthless that no one is willing to buy is when we will see such crazy dump. Even if everyone decides to drop all they have, we have to understand that it is at least one person that is buying all of them, so at the end, everyone cannot dump their bitcoin for fiat.
If everybody dumps then the price of all crypto will go to Zero. Its a red flag for crypto world.
Though I dont think that will happen, and what could be the reasons there must be huge reason why those thing could exist. But thinking it could happen, of course when that happen a lot of people will still invest and keep the industry going, the price will slopedown and of course with this more investors would get in.
If everyone withdraw there money to fiat, I can tell you that there will not be enough fiat on the exchange. As a consequence of this, bitcoin will fall and eventually get to zero. Why? because a lots of bitcoin will be chasing few fiat and supply will overwhelm demand!
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