Post
Topic
Board Bitcoin Discussion
Re: If people stop buying bitcoin
by
xebecstyx
on 11/01/2018, 16:22:18 UTC
If there is no demand then the price will go to 0$ but as mentioned above, that's unrealistic and impossible to happen.

I agree. I think the law of supply and demand has proven that when demands dwindle down, the saturation of the supply in the market would make the product lose its value. That concept could be adapted with bitcoin as well. I think in the event that people would stop buying and patronizing bitcoin, it would slowly go down in value, until the time when it will die out. That's basically what happened with several altcoins during the time when bitcoin was surging.