> If you owned a significant portion of all the coins in the world, and tried to sell them all at once, you wouldn't end up with number_of_coins * price Note t

> If you owned a significant portion of all the coins in the world, and tried to sell them all at once, you wouldn't end up with number_of_coins * price Note that the same would happen if everybody started dumping their wealth in whatever form: shares, real estate, and fiat money, even hard bills. What we call value is just the promise that somebody, at some future moment, will be willing to exchange what we have for something else (food, goods, houses, or of course any other different store of value). If everybody is trying to get rid of something, the value of that something just drops to zero.