What if say everyone stopped mining, would bitcoin collapse?
What if say everyone stopped using computers, would the internet collapse?
Short answer: Yes
Thing is, it won't happen, ever.
I for example would happily donate say a couple of CPUs (or FPGAs, or ASICs) to
the good cause that Bitcoin is, even at a loss.
And even me being the only person on this planet doing that would probably be enough to keep the system running (not exactly decentralized though).