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I can imagine a situation where it would completely collapse and fail to have a market price at all, but it takes a lot more than just "people selling it becaus

by ve55 9y ago

I can imagine a situation where it would completely collapse and fail to have a market price at all, but it takes a lot more than just "people selling it because it's going down". I can imagine similar scenarios for other assets like gold or the euro, but they are very far-fetched and I don't expect them to ever happen.

sidibe 9y ago
Gold has a history of being a currency as long as civilization so it probably will always be accepted as valuable, and it has actual uses as well, but mainly history. Euro Governments will always accept Euros for taxes, so they will always be useful, and if they stop they will still have a transition plan so you can turn your Euros into something they will accept. At this point if Bitcoin's value isn't going up a lot of people will use interest since honestly that has been its main appeal. And if it isn't technically better than some other cryptocurrencies out there there isn't a reason to think anyone will be using it long term.