wilbur Posted July 24, 2018 #1 Posted July 24, 2018 Since bitcoin is going up some people are holding their bitcoin But what if every bitcoin holder hold their bitcoin, i mean every bitcoin holder. "Every" What will happen?
Kate Posted July 24, 2018 #2 Posted July 24, 2018 10 minutes ago, wilbur said: Since bitcoin is going up some people are holding their bitcoin But what if every bitcoin holder hold their bitcoin, i mean every bitcoin holder. "Every" What will happen? Then btc price will stay the same at what it was
wilbur Posted July 24, 2018 Author #3 Posted July 24, 2018 Hmmm is it not going up since the supply will be down?
wry Posted July 24, 2018 #4 Posted July 24, 2018 You need some exchange to establish value. If no one ever sold it would have no value. Fortunately, no risk of that, as new bitcoins being mined all the time. Now maybe if no one but miners sold it is a more interesting thought experiment.
Mateusz Posted July 24, 2018 #5 Posted July 24, 2018 It's not going to happen, people there are people who uses BTC to trade, and those who hold, I think that everyone have some price that will let him sell his coins.
Kate Posted July 24, 2018 #6 Posted July 24, 2018 6 hours ago, wilbur said: Hmmm is it not going up since the supply will be down? Yup if people dont sell then price wont fluctuate
wilbur Posted July 24, 2018 Author #7 Posted July 24, 2018 5 hours ago, Mateusz said: It's not going to happen, people there are people who uses BTC to trade, and those who hold, I think that everyone have some price that will let him sell his coins. The word "but what if" change it all Not going to happen? Hmmm you cant say that for sure. Everything can happen in crypto world
Mateusz Posted July 24, 2018 #8 Posted July 24, 2018 1 minute ago, wilbur said: The word "but what if" change it all Not going to happen? Hmmm you cant say that for sure. Everything can happen in crypto world If it happened, I think people would start to treat BTC like something REALLY unique, but in other way, many people would still have it, it might be similar to the old cars now They are expensive but people don't wanna sell them
Kate Posted July 25, 2018 #9 Posted July 25, 2018 Also it would be hard for stake to get some bitcoin to pay members so they will switch to another coin 😛
wilbur Posted July 25, 2018 Author #10 Posted July 25, 2018 Stake is a different topic But stake has a huge bankroll to suffice that
Kate Posted July 25, 2018 #11 Posted July 25, 2018 43 minutes ago, wilbur said: Stake is a different topic But stake has a huge bankroll to suffice that No I know its diff but it would be one of the things that would happen in My Opinion
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