Imagine the day where everyone drops bitcoin!

[DikkieD]

I don't think it will drop in a single day or even in a short period of time. Too little people own too big of a percentage, so even if all smaller owners would sell within a single day, most of the btc will still be locked unless the big players decide to sell. It's their livelyhood, their investment that made them billionaires instead of simple millionaires. Only when they all move to other projects btc would cease to exist, but I don't think this will happen anytime soon.

[leviathon]

The day when that happens is the day that we see all of the market crash. I do not understand why so many people are against bitcoin and hoping to see it fail when all of the other coins in the market obviously get their prices and their values from bitcoin. If the best coin in the market fails, how do you think people will trust the other coins enough to invest in them? we gotta think better

[Eleven86]

It will makt the cryptomarket crashed because in time drop from everyone will have a really serious and hard influencing on the market and its elements.

It will be very hard to see the crypto market in trading BTC is like a lion in the jungle. It gave the crypto forum pride, reputation, everything. Hopefully it will not die, but still anything can happen in future.

[Kristina3456]

This can only happen if the entire cryptocurrency dies . Which is also unlikely. It is impossible to imagine now one without the other. Bitcoin may fall in price, but it will never go anywhere

[Aliya Taj]

I cannot even begin to imagine this. I don't think that it can ever happen though, but if it does happen, that might also be the day that the entire crypto world comes tom an end. I like to look at it that bitcoin is the pillar holding the cryptosphere together, and its death would most likely lead to the death of the industry.

[Kofiy]

i don't think this your imagination will come to reality. Bitcoin and Cryptocurrency is the future, the early you get convince about this, the better you prepare for the future. Dropping Bitcoin by all will never happen.

[spike420211]

Whats the point of bitcoin anyway? there's no way a normal person will be able to use it on a daily basis!
its not gold (to store for value)...

For the meantime, we can't, because of global adoption had not been realized, the business establishment has a hesitation to accept any transaction regarding crypto but in the future, it can be achieved, using like a fiat in a daily basis.

Only if it is convenient, fast and safe, as well as predictable. Otherwise, Bitcoin will never catch up with the level of ordinary money, and only crypto enthusiasts will use it. Electronic payments are the future, but whether Bitcoin can cope with the technological component, now it is too slow.

[Dessy88]

Whats the point of bitcoin anyway? there's no way a normal person will be able to use it on a daily basis!
its not gold (to store for value)...

it seems that only those of us who do not understand and are not included in the bitcoin hunter who say that, because if they understand they will not say like that because it is clear that bitcoin is very capable of helping our survival

[BitcoinGuruOne]

lol.
There is very small likelyhood of that happening, btc core code should be comprimised or quantum computer should be invented.
Otherwise it will never be dropped like that.

[BigBrother]

Bitcoin is already accepted as a means of payment in some countries. This suggests that it is developing and the possibilities of its use will only grow. So far, bitcoin is not particularly useful for the average person, but soon it may change.

[tabas]

That's what you will here from someone that went through with different possible situations:
- sold the dip
- never had bitcoin

[Ramtapsbtc]

Whats the point of bitcoin anyway? there's no way a normal person will be able to use it on a daily basis!
its not gold (to store for value)...

That is the risk associated with cryptocurrency dude, the risk of that bursting if everyone drops bitcoin. IMO, everybody agreed that bitcoin is expensive just like gold so it is how it is today. I doubt that everyone will drop bitcoin because it is the evolution of digital money and we may end up missing the opportunity if we do so.

[heritage35]

Whats the point of bitcoin anyway? there's no way a normal person will be able to use it on a daily basis!
its not gold (to store for value)...

Bitcoin can also be ascribed the same value given to fiat, despite not having any product. It has always been seen as a means for transaction, most especially online.
I am not imagining when everyone would drop it, because that is nit likely going to happen. Instead, i am imagining when a time will come, that the world in entirety will become aware and use bitcoin as a means of transaction.

[mr_smith99]

If everyone was to drop the btc we would have to close this forum because of all the crying people 

[biletskiy]

Whats the point of bitcoin anyway? there's no way a normal person will be able to use it on a daily basis!
its not gold (to store for value)...

If everyone sells bitcoin, its price will drop greatly. Since many coins are dependent on bitcoin, I think that a drop in bitcoin will cause the entire cryptocurrency market to fall. Bitcoin is not for everyone.         

[Kat_messy]

I have to admit, very unusual to hear an opinion as such, in this kind of forum. Bitcoin is what brought us here!! Bitcoin is not gold, but is's definitely a gold mine!!

[Nasonn]

Bitcoin is the king of crypto and it's more likely to be recognised globally than any other altcoin. We have seen many online and offline stores accept bitcoin as means of payment and that is good for crypto in general. We shouldnt just write off bitcoin.

[mahilchii]

Bitcoin is a lethal weapon of cryptocurrencies. It gave the world happiness for new generation after this wonderful technology was developed. Without BTC in CMC is very hard to imagine the majority of the investors will lose hope in this trading without BTC. It's a very powerful coin.

[tins]

Whats the point of bitcoin anyway? there's no way a normal person will be able to use it on a daily basis!
its not gold (to store for value)...

For the meantime, we can't, because of global adoption had not been realized, the business establishment has a hesitation to accept any transaction regarding crypto but in the future, it can be achieved, using like a fiat in a daily basis.

Only if it is convenient, fast and safe, as well as predictable. Otherwise, Bitcoin will never catch up with the level of ordinary money, and only crypto enthusiasts will use it. Electronic payments are the future, but whether Bitcoin can cope with the technological component, now it is too slow.

Bitcoin is not a thing to pay or simply a kind of money. It is something like a commodity and we can use it to make a profit. Many people in this market see it similarly to gold

[beerlover]

I don't think it will drop in a single day or even in a short period of time. Too little people own too big of a percentage, so even if all smaller owners would sell within a single day, most of the btc will still be locked unless the big players decide to sell.

Maybe people should even stop imagining things that would not likely happen but instead imagine that the chance of more people buying bitcoins is far more than everyone dropping their coins. What is the point trying to imagine a doomsday that obviously does not sound realistic and I wonder why a lot of people tend to derive pleasure in that, which is either they are just not understanding that as a market is growing, there will always be chances of more people coming in and as long as the market becomes usable, all these things being said by the OP cannot even come to reality.

If everyone sells bitcoin, its price will drop greatly. Since many coins are dependent on bitcoin, I think that a drop in bitcoin will cause the entire cryptocurrency market to fall. Bitcoin is not for everyone.         

If everyone, but not everyone is dumb enough to be selling when the market is still very young and believe me there are so many people who are focusing on the long term than having to sell in the short term which is the main reason why they find it so easy when it comes to investing for the long term and holding for as long as they can, and at least, that has shown the number of big holders that are still holding as much as they can till date. As long as the markets have prospects, it would grow, become usable and demand and supply will obviously get balanced.