Bitcoin Forum
September 26, 2018, 08:01:09 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15]  All
  Print  
Author Topic: What if everyone withdrew their coin in fiat?  (Read 3927 times)
Lecam
Sr. Member
****
Offline Offline

Activity: 546
Merit: 250


View Profile
April 23, 2018, 10:50:26 AM
 #281

If all of us suddenly decides to withdrew all our coin into Fiat then the market would crash down.
There wouldn't be a demand so the value would drop down to zero.
But I think this scenerio could never happen.
1537948869
Hero Member
*
Offline Offline

Posts: 1537948869

View Profile Personal Message (Offline)

Ignore
1537948869
Reply with quote  #2

1537948869
Report to moderator
1537948869
Hero Member
*
Offline Offline

Posts: 1537948869

View Profile Personal Message (Offline)

Ignore
1537948869
Reply with quote  #2

1537948869
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537948869
Hero Member
*
Offline Offline

Posts: 1537948869

View Profile Personal Message (Offline)

Ignore
1537948869
Reply with quote  #2

1537948869
Report to moderator
sumanto
Full Member
***
Offline Offline

Activity: 378
Merit: 100



View Profile
April 23, 2018, 11:06:30 AM
 #282

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

if everyone withdraws the assets they own and converts them to fiat it is certain the bitcoin price will collapse very deeply and horribly and it could be bitcoin will never be believed again, but in my opinion it will never happen bitcoin will be more expensive.

XFlowZion
Full Member
***
Offline Offline

Activity: 322
Merit: 100


ImmVRse | Disrupting the VR industry


View Profile
April 23, 2018, 12:14:44 PM
 #283

Don't be afraid my friend because that ain't happening. Bitcoin will be used in the real world so exchanging it
 again back to fiat is stupid. People would rather use bitcoin directly to purchase things.

▬▬▬▬▬▬ ●   IMMVRSE    Disrupting the VR Industry    Whitepaper   ● ▬▬▬▬▬▬
❱  Facebook  ❱  Twitter  ❱  Medium  ❱  Instagram  ❱  Telegram  ❱  Bitcointalk
▬▬▬▬▬▬▬▬ ●  ❱  Proud Sponsor of Blockchain 360 at London Tech Week  ❱  ● ▬▬▬▬▬▬▬▬
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!