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RE: Forget About Cashing Out In A Blaze Of Glory - Spend Your Bitcoin!!
If BTC would go up to a million, there sure as hell will be buyers, don't worry about that!
If BTC would go up to a million, there sure as hell will be buyers, don't worry about that!
The way the markets work tho, is supply and demand.
If tomorrow the price went to 1 million.. everyone will try to cash out.
The price will drop suddenly.
Slow gradual increase in price will give stability.
Yeah ok, but the price won't to a million in one day... that's just crazy thinking
Haha.. you are right.. it won't go to 1 million overnight.
Let me give a more realistic example:
If on the markets.. there are 10BTC worth of orders for a coin.
If someone came and tried to sell 10 or 20BTC on that market, the price would plummet instantly to 0.
There needs to be enough people ready to buy up all that bitcoin.. or otherwise the market crashes.