Quote from: cryptoama on January 15, 2018, 06:10:26 PM

It is possible for everyone to stop investing in bitcoin all of a sudden. After all, people have invested a lot of money and time into it. If that happens, and that is highly unlikely, the prices will go to $0 since no one would be buying any bitcoin.

So here is a question, lets say 1 million people own a 10,000 value bitcoin. Just because they sell it to another person ect, what makes the value drop? Is it the fee lost during the transaction?

So day trading is what would make prices drop because they are giving more "fees" to the exchange site, essentially removing it from bitcoins value?

I really don't get it, is it just because people refuse to pay the price and lowball others until that becomes the new price?

I don't get how if everyone pays 15k for a coin, trades to another person for 15k, how is the bitcoin itself losing value? Cheesy