Topic: If no one spends bitcoin what might happen? - page 17. (Read 52621 times)
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.
Just make small check on number of Daily trans in blockchain.info people can save them bitcoin but must use at least small part of that coins
As usual I see complete illiteracy in economics in the posts above. Supply and demand have very little to do with a cryptocurrency.
If people do not spend BTC to buy everyday things the price will fall to $0 because the majority will realize that the promise of it being a viable currency is either a lie or unrealistic.
It really disgusts me when people compare BTC to gold, silver, etc. People hold precious metals, land, and art in the event of hyperinflation. If that happens and fiat becomes like toilet paper they still have something tangible to trade that is KNOWN by most, if not all, merchants.
IF BTC HAS NEVER ESTABLISHED ITSELF AS A CURRENCY IN THE MINDS OF THE MASSES IT IS EFFECTIVELY WORTHLESS!!
This "store of wealth"/Ponzi scheme mentality that most on this forum insist upon WILL NOT LAST if BTC doesn't become a commonly traded currency with a FOREX trading mentality being secondary.
You people that think that everyone is putting their money into BTC to earn a profit ONLY, and with no intention to spend it, are GOING TO LOSE YOUR MONEY. Sooner or later everyone with money in this game are going to figure it out and the whales are already fully aware and ready to dump their holdings at a moments notice. All of you tiny little fish are going to be holding an empty bag while being completely unable to accept or understand that your delusions were completely wrong.
Well if no one spends them and people keep buying bitcoins, then the marketcap would just go up and up until people have no moey left for anything. then I hope they will start spending their bitcoins for at least food and stuff :p
The price won't stuck it will go down. We will see dupm in that case.
Share your ideas here. 
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.
Check it out here
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
As usual I see complete illiteracy in economics in the posts above. Supply and demand have very little to do with a cryptocurrency.
If people do not spend BTC to buy everyday things the price will fall to $0 because the majority will realize that the promise of it being a viable currency is either a lie or unrealistic.
It really disgusts me when people compare BTC to gold, silver, etc. People hold precious metals, land, and art in the event of hyperinflation. If that happens and fiat becomes like toilet paper they still have something tangible to trade that is KNOWN by most, if not all, merchants.
IF BTC HAS NEVER ESTABLISHED ITSELF AS A CURRENCY IN THE MINDS OF THE MASSES IT IS EFFECTIVELY WORTHLESS!!
This "store of wealth"/Ponzi scheme mentality that most on this forum insist upon WILL NOT LAST if BTC doesn't become a commonly traded currency with a FOREX trading mentality being secondary.
You people that think that everyone is putting their money into BTC to earn a profit ONLY, and with no intention to spend it, are GOING TO LOSE YOUR MONEY. Sooner or later everyone with money in this game are going to figure it out and the whales are already fully aware and ready to dump their holdings at a moments notice. All of you tiny little fish are going to be holding an empty bag while being completely unable to accept or understand that your delusions were completely wrong.
I share the same idea, it is necessary that the BTC be used to keep increasing the price.
If no one will spend bitcoin definitely the supply and demand law will be affected. There will be lacking in bitcoins and it will not circulate. Whether the need is high the price will get high. But I think this will not happen in thw future. Bitcoin will still ciirculate in the market.
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.
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
If no one spends bitcoin which means every one is saving their bitcoins. Then i think the value of bitcoin increases very high because the demand increase but supply decrease.
If no one spends bitcoins and the miners are continuously bitcoin, then without a doubt the price of bitcoin will decrease. Why? Take it this way, if there is no bitcoin spent and the miners keep mining it there will be a pool of supply of bitcoin which will cause the price to decrease. Remember that as the supply increases the price decreases.
No one would be able to get bitcoins but the miners would still generate it. The trading of bitcoin would be great therefore I don't believe that the price would decrease. For sure, there would always be an increase in bitcoin and it would limit to 21 million, but the demand also increases because a lot more people are getting into it. It would result to increase in price. 
If no one spends bitcoins and the miners are continuously bitcoin, then without a doubt the price of bitcoin will decrease. Why? Take it this way, if there is no bitcoin spent and the miners keep mining it there will be a pool of supply of bitcoin which will cause the price to decrease. Remember that as the supply increases the price decreases.
Share your ideas here.
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.
Check it out here
i think bitcoin will be very stable or the price will be so low compare to this year. 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
As usual I see complete illiteracy in economics in the posts above. Supply and demand have very little to do with a cryptocurrency.
If people do not spend BTC to buy everyday things the price will fall to $0 because the majority will realize that the promise of it being a viable currency is either a lie or unrealistic.
It really disgusts me when people compare BTC to gold, silver, etc. People hold precious metals, land, and art in the event of hyperinflation. If that happens and fiat becomes like toilet paper they still have something tangible to trade that is KNOWN by most, if not all, merchants.
IF BTC HAS NEVER ESTABLISHED ITSELF AS A CURRENCY IN THE MINDS OF THE MASSES IT IS EFFECTIVELY WORTHLESS!!
This "store of wealth"/Ponzi scheme mentality that most on this forum insist upon WILL NOT LAST if BTC doesn't become a commonly traded currency with a FOREX trading mentality being secondary.
You people that think that everyone is putting their money into BTC to earn a profit ONLY, and with no intention to spend it, are GOING TO LOSE YOUR MONEY. Sooner or later everyone with money in this game are going to figure it out and the whales are already fully aware and ready to dump their holdings at a moments notice. All of you tiny little fish are going to be holding an empty bag while being completely unable to accept or understand that your delusions were completely wrong.
It will moon because nobody is using it to purchase things but to store value, ence if people stop using it/trading it will have less tokens circulating and if demand keeps at this pace price would go up big time. Kinda whats happening in the last months.
Eventhough the situation you stated above is impossible from happening i will still say my views IF it will indeed happen.
For me i think the trend will still follow the demand and supply rule, if no one wanted to sell then the buyers will be more than eager to obtain it which will result to a higher offer. But if this non selling event will last for a very long time or even just a month i think it will have adverse effect in the bitcoins price. Because people may lose interest and withdraw their orders. Therefore in order to keep bitcoins price up then we should make it active.
For me i think the trend will still follow the demand and supply rule, if no one wanted to sell then the buyers will be more than eager to obtain it which will result to a higher offer. But if this non selling event will last for a very long time or even just a month i think it will have adverse effect in the bitcoins price. Because people may lose interest and withdraw their orders. Therefore in order to keep bitcoins price up then we should make it active.
The rotation of money is necessary whether it is fiat currency or Bitcoin, if somehow a situation occurs where no one is selling there Bitcoin it could be very bad for the market. If everyone just holds their Bitcoin the price will fall at the first phase and then remain stable because there is no trading and transactions at all. But one need to worry much because at the end of the day people who are dependent upon Bitcoin need to spend them and the cycle of buying and selling continues.
Another possiblity is that having problems with the Money that you called as fiat. There is only usdt thing for the traders at the moment and it's not real usd. What if the issuers issue more usdt on their own?
The rotation of money is necessary whether it is fiat currency or Bitcoin, if somehow a situation occurs where no one is selling there Bitcoin it could be very bad for the market. If everyone just holds their Bitcoin the price will fall at the first phase and then remain stable because there is no trading and transactions at all. But one need to worry much because at the end of the day people who are dependent upon Bitcoin need to spend them and the cycle of buying and selling continues.
Really
I don't know what will be exactly happened. I think bitcoin transactions will be stopped I mean hanged. I am being hanged really don't know.
I don't know what will be exactly happened. I think bitcoin transactions will be stopped I mean hanged. I am being hanged really don't know.
If no one spend bitcoin, the first effect of it is increase in price since demand needs to offer higher just to get the sellers interest. But if the situation keeps on going, BItcoin will be doomed to oblivion because merchant cannot transact with it and the economy will die because coin stopped circulating. Meaning no more available coins for newbie to buy.
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