Quote from: iv4n on March 03, 2018, 07:51:48 PM

Quote from: fanbeila on March 03, 2018, 06:22:28 PM

Quote from: steve0nz on October 09, 2017, 06:34:18 AM

Would there be enough money in the exchanges? Would bitcoin fail?

If every one starts selling their bitcoins for fiat,then definitely the price would crash and so exchanges would not find it difficult to pay.Such a situation has not happened in the past and i hope that such a situation would not happen even in the future.If it happens,it might be the end pf bitcoin.

Op made a mistake, you don't sell your bitcoins or other coins to exchange site, they are just middle man, you are selling to other people. Exchange earn in fees for trading, for withdrawing, from other things, but they are just in the middle, so when you sell your coins for fiat someone else have coins.
If demand goes to zero, that means that no one wish to buy any coins prices will go down and down to the zero if there is no interested buyer's, but when will that happen? Can you see that people wait dips to buy more! Crypto market is here to stay, chance for this market to touch zero value is 0.0001%, people are to interested and if bitcoin price go to 1 dollar people would buy and pish the price back up.

I am pretty sure he must have assumed that everyone sells to an exchange and we are all converting to fiat through an exchange. Even if you are converting on an exchange, people are also buying from the exchanges and that is why supply and demand will keep playing out and even on those exchanges, you are actually buying from or selling to fellow traders anyway at the price of the market.

The only scenario where something like that can happen is bitcoin dying, and then everyone rushing to sell, but who will want to be bag holding in such scenario except someone that does not have the information and they will be few.