Post
Topic
Board Bitcoin Discussion
Re: The Future of Bitcoin is the Community not the Government
by
Pursuer
on 06/08/2018, 06:51:28 UTC
Despite how furious the forces maybe against Bitcoin, Did you know that even if Bitcoin crashes today, and no one is buying Bitcoin, there will be no selling out and indirectly that cancels the crash and when the air is cleared again we start normally well and safe again?

not selling does NOT cancel out the crash. not selling can only slow down the crash but it will happen. you can see it in altcoins that are crashing these days despite so many bag holders holding on tight to their bags of worthless tokens.
what cancels out the crash is buying, in other words the demand. in simple terms there is always some sort of balance between those selling (supply) and those buying (demand) and if that balance is disturbed the price moves in a direction to re-establish that balance again.
for example when there is unlimited supply of some coin, it will continue to have a sell pressure on the market that no amount of demand in long run can cover so it will continue to go down. and when there is limited supply and the demand is growing (Like when more people adopt bitcoin) the price will continue to go up.