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Same as what would happen in case of USD - price would drop to zero.
by nileshtrivedi 9y ago
Same as what would happen in case of USD - price would drop to zero.
- kaffeemitsahne 9y agoWell, someone has to be buying all those btc at the other end. It might drop a lot but I find zero unlikely.
- vertex-four 9y ago"Price drop to 0" literally means nobody's buying it, of course. If everybody (in the absolute) suddenly decided they didn't want to hold bitcoins, the price would indeed be 0, since there wouldn't be any buyers. (It might even be negative in some cases - you'd have to pay someone to take it from you.)