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Title: What if everyone decided to sell their Bitcoins on June 1? Post by: krudkeeper on May 06, 2013, 03:05:33 AM Bitcoins Rule! What if everyone sold them all and bought back over the next week?
Title: Re: What if everyone decided to sell their Bitcoins on June 1? Post by: dillpicklechips on May 06, 2013, 03:09:33 AM Bitcoins Rule! What if everyone sold them all and bought back over the next week? That's a big if. The price would plummet and then there would be a race to buy them back. It would accomplish nothing.Title: Re: What if everyone decided to sell their Bitcoins on June 1? Post by: MartinReynolds on May 06, 2013, 03:10:09 AM Bitcoins Rule! What if everyone sold them all and bought back over the next week? Then the price would drop, and just go back up again. Title: Re: What if everyone decided to sell their Bitcoins on June 1? Post by: krudkeeper on May 06, 2013, 03:18:51 AM But wouldn't people make alot of $/BTC on the rebound?
Title: Re: What if everyone decided to sell their Bitcoins on June 1? Post by: dillpicklechips on May 06, 2013, 03:25:51 AM But wouldn't people make alot of $/BTC on the rebound? Some will some won't. Why would I be part of the scheme if it's pretty much random who gets back in line first to buy them back after. There will be many losers. I'd rather just stay put and not gamble my coins away. Title: Re: What if everyone decided to sell their Bitcoins on June 1? Post by: escrow.ms on May 06, 2013, 03:28:22 AM Bitcoins Rule! What if everyone sold them all and bought back over the next week? If everyone will sell, who will buy their BTC Aliens ?LOL Title: Re: What if everyone decided to sell their Bitcoins on June 1? Post by: bobtlk on May 06, 2013, 03:29:38 AM We should organise a big 1st of june sell-off! And one each month after! Only kidding...
I guess if everyone sells means that someone else will be buying. So not sure how much will that affect the value of BTC. Title: Re: What if everyone decided to sell their Bitcoins on June 1? Post by: MickeyT2008 on May 06, 2013, 03:31:08 AM If that happened then the price would fall so far that I'd be able to afford more than the three bitcoins that I already have. Then all I'd need is for them to go up to the many thousands that some people claim they'll achieve and I'd be a millionaire overnight. Well, if you're going to dream then you might as well do it properly, lol.
Title: Re: What if everyone decided to sell their Bitcoins on June 1? Post by: themgp on May 06, 2013, 03:32:39 AM There aren't enough buyers for everyone to sell. Some people *couldn't* sell.
Title: Re: What if everyone decided to sell their Bitcoins on June 1? Post by: krudkeeper on May 06, 2013, 03:33:17 AM If that happened then the price would fall so far that I'd be able to afford more than the three bitcoins that I already have. Then all I'd need is for them to go up to the many thousands that some people claim they'll achieve and I'd be a millionaire overnight. Well, if you're going to dream then you might as well do it properly, lol. Well said. Title: Re: What if everyone decided to sell their Bitcoins on June 1? Post by: Cyberdyne on May 06, 2013, 03:42:55 AM There aren't enough buyers for everyone to sell. Some people *couldn't* sell. (Everyone-1) could sell if the price went down to 1 cent each... that's only a $120k market cap, no problem for that one ninja buyer. |