RE:The Simple Reasons Why the Bitcoin Price Will Never Go to 0Thanks for the LAUGH mackieresearch....
There will always be someone who refuses to sell?
That is hilarious. You don't even understand who controls price.
Let me give you some education free of charge.
Buyers make the market. There is such a thing as no bid.
Highly unlikey with the cryptos but I am sure with many of the varied coins produced you have already seen this or will see it.
But you don't even understand how the price of an asset materializes. Buyers make the market or not.
You got a house in Vancouver? Are people bidding up the prices now? Are the buyers making the prices go higher? The buyers are pulling back. Sellers can put whatever price they want on their dirt but they will have to settle for whatever BUYERS want to pay. And the more fearful or risk averse buyers get the more they pullback. And the spread can widen but still nothng moves until someone buys or a seller drops their perception of value to what the market is providing.