Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.
Can anyone give me understandings as to why that won't happen?
DECENTRALIZATION !!
Bitcoin's strength lies in its decentralized nature. Because Bitcoin is not owned by a centralized banking system, unlike a country's currency.
its value can not be manipulated arbitrarily by the production of any currency.
This gives Bitcoin a commodity stability like gold.
does gold ever pops and lost of huge part its value !? certainly not!!. then bitcoin is like that, even better.