Topic: What would happen if the majority cashes out on the block halving? - page 2. (Read 1060 times)
That would not be a problem for bitcoin. It may make a lot of people sad to see the price in such an environment. But bitcoin is a computer program and does not need your money. It would scale down, however there would still be nodes and the system would carry on. It was working fine when the price was $0.50 and would work fine if it was $200.
why would they?
If the price movement goes downward after the block halving its possible that the miners who are hording their coins might cash out.If everybody decides to cash out, i'm pretty sure the price will plummet, but there'll always be people like me, who would love to buy a lot of coins once the price is really low
why would they?
If the price movement goes downward after the block halving its possible that the miners who are hording their coins might cash out.
why would they?
What would happen if the majority cashes out on the block halving? Will bitcoin be able to recover from the crash?
Jump to: