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?
Current holders won't be letting it happen, these who own large amount of bitcoins are the only ones that may do a move to decrease its price... no wonder these who bought at high prices...
Current holders are not at all worried about the price decreasing. Those who do not want governments to take their cut will continue to keep their wealth in the form of cryptocurrencies for some more time. Others will just be worried about taking their money out (and enjoy it through consumption or other means) without crashing the market in the process.