If no one spends bitcoin what might happen? - page 16.

migueltiu

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Quote from: danherbias07 on July 14, 2016, 05:22:23 AM

Quote from: praprata on July 14, 2016, 05:20:46 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

I think that the price is going to be stable then if no one is going to spend a coin and I hate it when the price is stable because it is boring.
I know that you have to be patient with Bitcoin but sometimes the price can be stable for a long time.

I totally agree. I hate refreshing most of the time just to see if it is really not moving. Sometimes I thought my PC is just frozen but when I checked it out it really didn't move. Nothing to do if that shit happens.

If no one uses bitcoins, I agree that it'll maintain its value however with its vast popularity I doubt that would happen. Checking out Facebook right now, I see so much videos about cryptocurrencies and it's really becoming a trend right now!!

LyQaN

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Initially not selling bitcoins will increase its market price, hypothetically if there is no expenditure there will come point when all of bitcoin will be finished because its limited so it will reach its threshold ,so after reaching this threshold its price will become stable and further may start dropping because there will be no mining and if no of users increased to they are not get anything.

betMaster

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Saving the majority of the money will certainly mean a lack of liquidity in the market and therefore a lack of new projects or any kind of investment since people won't have the resources to grow or even maintain an existing project . The lack of cash will create not just economic problems but also politic and social problems since the rate of criminality will certainly increase due to people not finding money to spend and thus the security of the society will be endangered which will create a political problematic in consequence and all of this will be the same whether in the real or the crypto world because the two worlds do resemble to each other . But i don't really think this will ever happen because the majority of the world population are 1st class consumers and they just love spending their money whether on shopping , getting life supplements , getting wasted or even spend it on unnecessary things , people even resort to shopping as a treatment to create joy so people won't ever stop spending cash or bitcoin .

Gintama214

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DONATION SENPAI PLEASE <3 <3

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

I think that it is possible that no one will spend on bitcoin but to be realistic there will be and will be someone to spend their bitcoin. If that will happen the price of bitcoin will be stable because no one is buying or selling their bitcoin but as I said in realistic way there will be always someone to invest or use their bitcoin that's what I believe.

NoNetwork

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Quote from: Aganythe on October 13, 2017, 07:21:19 PM

Most very likely the bitcoin will go down soon or afterwards than and also will significantly less much more used too so it would not be very good at all for the bitcoin.

If that case would ever happen, the case is still unknown. And besides will it ever happen, despite all of this dumps and segwits, the price of Bitcoin is still considered as a pump. Compared to last year it was boomed like 200% of its price, and it is still continuing to increase in value.

Nevis

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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

If people stop spending their bitcoin, the bitcoin's price will stay or might get higher because there are too much pressure in the market especially for those who want to invest. In that case, bitcoin will not be properly regulated and cause some problems and issues. But I think most people spend their bitcoins anyways and just put about above 50% for them to hold and use again in the future.

Smpdytz

member

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No need to worry bitcoin will hit $10,000within couple of months.and btc is always a good investment .buy some btc and eth and try to find better ico and invest them it mighty be a greatest investment for your life

QuestionAuthority

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Quote from: QuestionAuthority on July 15, 2016, 10:40:36 PM

Nothing would happen. As far as I can tell no one spends it now. Everyone is just holding for a price increase.

As far as I can tell, this is still the correct answer.

stanisl

newbie

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Of course there is this IF, as lengthy as you deliver up that IF you could never ever achieve any summary.There are hundreds of people living on day-to-day basis with shelling out bitcoins, so even by the best probabilities every person else decides not to invest any bitcoins, I might gladly will do just that since not absolutely everyone can wait around to see if that IF operates and how does it work.But IF I can handle a 7 days without having eating and consuming then other folks as nicely we could place it to the test to see what actually transpires.There are bitcoin clones but men and women need to have the insurance policies which comparatively to other cash bitcoin seems to provide to the desk far more than other individuals and that is why is most employed cryptocurrency.

Crypto_trader87

full member

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If ever no one will sell there bitcoins the bitcoin price goes up and up until some people will reach the good price that they want to sell there bitcoins at a very good profit

Lumen111

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Even using bitcoin as a means of accumulation, sooner or later, it will have to be spent!

dansmith_99

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Bitcoin is a currency. People will always be buying things with it so should never be a case where everyone is holding.

BeerPanda

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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

I don’t know what exactly can happen but I think we totally wouldn’t lose.

pavelkdr

newbie

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There will usually be people buying and selling bitcoin on exchanges or changing it for Gold, Fiat, Dark Web products or whatsoever so basically it really is constantly transferring, i do not see the level listed here.

Ziomuro27

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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

I think that the balance of the people and the society will be affected because it's not proportion nor balance and I think also that most people will spend their money for a reason and not just invest it forever in their virtual wallet to make a bug income.

Aganythe

newbie

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Most very likely the bitcoin will go down soon or afterwards than and also will significantly less much more used too so it would not be very good at all for the bitcoin.

vafro

newbie

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I am sorry to say, but this query is like, what would occur of the sky would fall!!Â This would not take place, simply because there are to a lot of people on the networks and there is no cause for them to stop using the program.Â Inquiring what if is in no way everything a lot more than a squander of time.Â What if I was a millionaire???Â I would not be below.

qwertyup23

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Quote from: Rashid555 on October 11, 2017, 12:31:11 PM

if we say that no one will use bitcoin it is impossible because there are many people who spend their money on daily needs most of the people are completing their education through this financial help so it can’t be said that no one will use bitcoin. If you have a minor quantity of this currency you will use less and if you have a much quantity you will use more but we can’t stop spending this currency.

In the event that no one will ever spend their bitcoins (which is deemed impossible), then slowly it will become obsolete and its value will plummet in the market. Like most of the people said, it is impossible for users to not spend their bitcoins due to its significant value if converted to fiat and investments that are high risks. The reason on why bitcoin's prices are continuously rising everyday is due to people spending it on the market, thus making it very liquid. Its volatile and decentralized nature makes it as a perfect vessel for investors to take the risk and hope to yield income in the future.

boriss3

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There will often be folks buying and selling bitcoin on exchanges or converting it for Gold, Fiat, Dark Internet merchandise or whatsoever so essentially it really is often shifting, i don't see the position here.

drlukacs

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Quote from: DrYe5 on October 11, 2017, 10:12:12 AM

Quote from: fedora8 on October 11, 2017, 10:07:03 AM

if no 1 spends bitcoin possibly altcoins will be gone, but chances of that happening is really modest, bear in mind bitcoin is cryptocurrency a fantastic for the long term

Bitcoin is becoming stronger and stronger every day. I doubt that there is anything that can stop this activity. Recently nobody has heard about it, and now almost everyone knows, and every second one uses it! I do not know what it would have to be to end this.

Why do you want to be to end this trend? I think Bitcoin can increases its value more than every day is the benefit for any Bitcoin holder? Or are you not a Bitcoin holder? Do you want to buy Bitcoin with cheap price again?

Topic: If no one spends bitcoin what might happen? - page 16. (Read 52574 times)