I was researching and reading a certain Whitepaper from a good token project and this statement really struck my thinking:
"With no government or anchor backing up cryptocurrencies, the only foundation that cryptocurrencies have is peoples faith in their value. In other words, solely the market mechanism determines the price of cryptocurrencies. At my time of writing, that faith is worth is over $2000 per Bitcoin and this doesnt spur from the Bitcoins intrinsic value, but from what it allow users to do."
In this case, what will happen when that same trust from Bitcoin holders can be diminished or for heaven's sake be gone...would that be the end of Bitcoin?
This also lead me to the question: is Bitcoin really a store of value or more of a medium where our trust is plastered on?
I am bit amazed actually, you do research read papers and you don't know a simple concept of demand and supply. Bitcoin rises when it's in demand and supply is less or some major event happens, like Japan accepted it and rest is history, now it will fall if it supply exceeds demands. It is important to understand basis first, before reading papers, you can even head to the economic section you will enlighten yourself a lot.