Cashing out could destroy crypto?

[Indrawan77]

I kind of agree, nowadays people prefer to used bitcoin as investment rather than currency, but this kind of things happened because of the people that keep on demanding bitcoin and that causing the price to blow up, so I think this kind of thing is inevitable and I am okay for people to used it as investment if it can help bitcoin popularity

[1714594957]

1714594957

[1714594957]

1714594957

[bucciarati]

cashing out means that a conuterpart is buying so it is a relative concept. i agree that influences price but in function of pressure: if there is more pressure to cashout the price will fall, rise in the oppposite situation

[BartS]

Could destroy Bitcoin. But another cryptocoin could emerge and the easiest way to get this new coin would still be by using Bitcoin.

I do not think this could destroy bitcoin however if it had a big impact, I will bet that most alts will get affected too, all the coins are priced on bitcoin, if you want to get alts you need to get bitcoin first, if people began to get rid of their bitcoin because of a collapse then the same will happen to other alts, I think the fate of all alts is linked to bitcoin, if bitcoin fails then everything fails.