If no one spends bitcoin what might happen? - page 12.

rb26

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Quote from: zenrol28 on November 18, 2017, 05:33:23 PM

If none of us spend our bitcoin it's price will get stuck and will go down as miners get fresh bitcoins everyday. So we really need to spend it, but wisely. So investors will see that bitcoin is actively growing.

Yes that's right. And bitcoin should really be circulating in the market for it to have higher price and not be stagnant sleeping in owner's wallet. It's not bad to keep the coins as long as you can as it will contribute to the scarcity that will lead to the increase of value. But we have to at least balance the commumity here and that means as some are keeping, some should also be spending for us to have a balanced nature.

dreamer81

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you are totally misunderstanding the fundamental powers of supply/demand.
If everybody holds bitcoin, the price will sky rocket! The reason it's falling is because someone is willing to sell lowers than they can buy it.

So be sure that price will reach insane levels within a few years... 100.000 USD is not that far.. 1.000.000 per bitcoin seems reasonable within 5 years. And what justifies this price? The security that there will only be 21 million ever!

toddalvin

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Once it’s more widely accepted then it can be used for transactions and purchases more often. It is supposed to be a currency which should be spent. Which we need businesses to accept it as payment to help bitcoin grow as a currency

developer101dev

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Then the value of bitcoins will keep on increasing, The market is depending on supply and demand of the consumers and since no one will trade their bitcoins and hold it longer then the value of bitcoins will keep on increasing.

ydrogios

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There is no need in Bitcoin if it doesn't get spent. So I guess in this case it would slowly crumble

JohnBitCo

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Probably if everyone stop using it the price and value may fall down. This can also stop the process of mining because if everyone stop transferring the bitcoin, how a miner can mine the transaction? But i think this won't happen because now days everyone is involve with bitcoin and everyone take there interest on it and investing with bitcoins. So the OP question of no one spending the bitcoin is just out question.

zenrol28

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If none of us spend our bitcoin it's price will get stuck and will go down as miners get fresh bitcoins everyday. So we really need to spend it, but wisely. So investors will see that bitcoin is actively growing.

GazorpPozorpec

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It seems to me that if bitcoin will not spend, its price can fall. But the fact that it is nowhere to spend xD So, this problem we do not have.

dreamer81

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Price will go up of course. Supply and demand is what drives this just like anything else in this world. Make no mistake and think there is something backing it because there isn't!!

Sanugarid

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Quote from: danherbias07 on July 14, 2016, 05:11:51 AM

Share your ideas here. Grin

In my opinion, I think we will be stuck in one price or maybe worse we will all go down.

Here is what happened when US citizens are saving too much.

Quote

That's important because American spenders make up the majority -- about 70% -- of economic activity in the country. If people don't spend, the economy doesn't grow.

Check it out here

Ofcourse bitcoin industry will somehow become slow and the production of bitcoin in a certain country will gp down. And if this kind of action of not using or selling your bitcoin will continue it may lead the bitcoin ina very worst scenario worst leading it to destoy bitcoin and replace by another one.

saedasda

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I think it will go up because miners are still mining. It will suddenly going up slowly until it mined all bitcoin and the price of bitcoin will be stable at top

DARKANGEL6415

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Quote from: W4terhouse on November 15, 2017, 09:06:16 AM

In fact no one would not spend bitcoint if the value is falling to zero. It´s just a theoretically exchange of thougts. If the price is falling there will be a dynamic of selling.

But interesting question. People need to become very stupid if they are watching their money geting burned down.Good

I personally think the opposite will happen unless op had other scenarios. If people hoard the 16.5 million bitcoin now without spending any then the price will go up. So the few bitcoins being mined will soar in price as people want them. If they have to fight other customers then price goes up. If miners want to hoard coins then price will still go up as customers try to entice miners to sell.

cryptojac17

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Quote from: alexsandria on November 15, 2017, 09:36:22 AM

Quote from: danherbias07 on July 14, 2016, 05:11:51 AM

Share your ideas here. Grin

In my opinion, I think we will be stuck in one price or maybe worse we will all go down.

Here is what happened when US citizens are saving too much.

Quote

That's important because American spenders make up the majority -- about 70% -- of economic activity in the country. If people don't spend, the economy doesn't grow.

Check it out here

It will stuck up the value moreover it will be decrease its price. Because it will have a big effect to the hierarchy of supply and demand. But I think all of investors will never be stuck up their bitcoin they will spend it to get more income and to increase their experience for gaining more money.

Yeah probably it could happen because once the law of supply and demand will jeopardized it could lost its and it may cause lowering of prices and eventually lost it's value, but by the words currency that means flow or circulate that is why Bitcoin exist because many patronized stock market and bitcoin is an innovation were many believes the versatility and fluidity of crypto currency.

acmagbanua21

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for me they just suddenly popped out of nowhere with the bloating popularity of bitcoin and Many trying hard developers tried to mimic it just for one sole purpose.

alexsandria

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Quote from: danherbias07 on July 14, 2016, 05:11:51 AM

Share your ideas here. Grin

In my opinion, I think we will be stuck in one price or maybe worse we will all go down.

Here is what happened when US citizens are saving too much.

Quote

That's important because American spenders make up the majority -- about 70% -- of economic activity in the country. If people don't spend, the economy doesn't grow.

Check it out here

It will stuck up the value moreover it will be decrease its price. Because it will have a big effect to the hierarchy of supply and demand. But I think all of investors will never be stuck up their bitcoin they will spend it to get more income and to increase their experience for gaining more money.

rajsimran

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Quote from: danherbias07 on July 14, 2016, 05:11:51 AM

Share your ideas here. Grin

In my opinion, I think we will be stuck in one price or maybe worse we will all go down.

Here is what happened when US citizens are saving too much.

Quote

That's important because American spenders make up the majority -- about 70% -- of economic activity in the country. If people don't spend, the economy doesn't grow.

Check it out here

price will fall. becauseno one spends bitcoin.if this happen all markets goes down 50% to 75% because of bitcoin.and i don't think it will happen.If it happens people will cry.

rayymat

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this is impossible, demand will increase

emanbea1234

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i think the people will no think about this, people will always think on how to become bitcoin more developing currency and of course bitcoin was created for payments.

W4terhouse

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In fact no one would not spend bitcoint if the value is falling to zero. It´s just a theoretically exchange of thougts. If the price is falling there will be a dynamic of selling.

But interesting question. People need to become very stupid if they are watching their money geting burned down.

heureca

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Quote from: Asusnumbaone on November 15, 2017, 08:58:11 AM

Quote from: danherbias07 on July 14, 2016, 05:11:51 AM

Share your ideas here. Grin

In my opinion, I think we will be stuck in one price or maybe worse we will all go down.

Here is what happened when US citizens are saving too much.

Quote

That's important because American spenders make up the majority -- about 70% -- of economic activity in the country. If people don't spend, the economy doesn't grow.

Check it out here

Yeah you're right! If no one use bitcoins its demand will fall down. It also means that if the demand falls down the bitcoin value will also drops down and eventually turns to 0 if all the users will not used it.

In theory it could be:) In fact I'm sure that everybody understands: the more people buy BTC the more people spend BTC

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