Topic: If no one spends bitcoin what might happen? - page 19. (Read 52575 times)
Most likely the bitcoin will go down before long or later on than and also will considerably less far more used also so it would not be great at all for the bitcoin.
If no one will spends bitcoin I think the price will go up as long as people are buying it. Spending bitcoin and selling bitcoin in the trading platform are different. Just like gold no one spends gold but there are some people who sells it. As long as there are people willing to pay for an item or in this case digital currency the price will just go higher.
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 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. 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 know that you have to be patient with Bitcoin but sometimes the price can be stable for a long time.
Share your ideas here.
In my opinion, I think we will be stuck in one price or maybe worse we will all go down.
In my opinion, I think we will be stuck in one price or maybe worse we will all go down.
Yeah I agree with you, it will looks like a local currencies that have a fixed price. May be the advantage of it is when the price is stuck on high value. But in my side it going to be boring, no thrill, and it can be predictable so that many experts and well e perience in this industry got more chance to have a big earning without risk and lot of lost.
First of all I don't think people are going to stop using Bitcoin , because it's the future and who doesn't want to be a part of the digital currency.
The decrease in people using Bitcoin would eventually lead to the rise or a much stable condition than it is right now.
But if you are saying that the drop in usage is huge then it might be a different case , Because no one is there to exchange them which will lead to drop in price.
People will lose faith in Bitcoin and the time might come when it's worth nothing.
The decrease in people using Bitcoin would eventually lead to the rise or a much stable condition than it is right now.
But if you are saying that the drop in usage is huge then it might be a different case , Because no one is there to exchange them which will lead to drop in price.
People will lose faith in Bitcoin and the time might come when it's worth nothing.
Bitcoin could still play a role as a digital store of value.
People don't spend gold typically on a transactional basis. But few would argue that gold doesn't play an important role or is valuable.
People don't spend gold typically on a transactional basis. But few would argue that gold doesn't play an important role or is valuable.
I am sorry to say, but this concern is like, what would come about of the sky would tumble!! This would not happen, due to the fact there are to a lot of individuals on the networks and there is no purpose for them to cease utilizing the method. Asking what if is never ever something a lot more than a squander of time. What if I was a millionaire??? I would not be right here.
Why do you want it to be stuck at one price?
bitcoin rate will increase more and more whenever people will increase their investment in bitcoin due to which the rate of bitcoin will increase and more people will start investing but if people stop spending bitcoin then the circulation of bitcoin fall down and the bitcoin rate will also fall down.
That's how bitcoin has a high price and we should continue to provide information to everyone to produce higher bitcoin price.
Getting bitcoin devalued is just impossible for me, why? Bitcoin is the most popular and the most superior coin amongst all the coins here in the cryptocurrency world. But let's say that it is really going to happen then I guess it would remains out there, with a low value, yes, and if no one spends or using bitcoin anymore, that just means it is end of the world.
It would be hard for that to happen, but it is not impossible. If no one spends their Bitcoins, for some time price would be pretty much the same. It would stay in one place because people would continue to buy Bitcoin. After some time price would start to go down, because if people do not sell or spend their Bitcoins, I guess that currency is losing its value. Money is made to be spent, so enjoy your Bitcoins. 
Since bitcoin is a universal currency,ii don't think that all people would take the decision to no more spend bitcoins at the same time.Definitely,there will be a difference in demand for bitcoins in various areas.In some areas,the demand may be high and in some areas low.But in case,if such a situation of no one spending bitcoins happens,then bitcoin price would gradually start to fall.
if no one is going to spend bitcoin,means there can't be any buyer which will make the market stable or market will go in ideal state where nothing is moving and graph will just be a straight line, which means the price of bitcoin will remain same,but it's never gonna happen because there will be someone who is going to sell bitcoin no matter what and keep the market moving .
on the other hand a second case can take place that is:
price can go up because people expect that more people will expect that some people will buy, or price can go down if everyone get bored of stable market ,and thus demand of btc could decrease .
so in the long run where fundamentals matter, eventually holders will sell just because they need to buy things.
on the other hand a second case can take place that is:
price can go up because people expect that more people will expect that some people will buy, or price can go down if everyone get bored of stable market ,and thus demand of btc could decrease .
so in the long run where fundamentals matter, eventually holders will sell just because they need to buy things.
Any currency will be in the market until it is being circulated from people. If everyone leaves it then it will be the addresses than to be in an exchange or for a service.
It's just not possible since more and more major retailers are accepting Bitcoin as a form of payment. In the case that nobody really spend BTC, then anybody guess would be the value going down. Investors are investing currently in hope that Bitcoin would eventually be mass adopted as the new digital currency.
Portion of the reason why somebody is hesitant to use bitcoin is because of to the restricted variety of retailers accepting it, be it online or actual physical stores. I know that there are much more retailers and on the internet stores accepting bitcoin, compared to two a long time ago, but even now, we see that there's nevertheless a whole lot of function to be carried out. Presently, I am paying my bitcoins only on a few factors and if the need occurs, I just convert mine to fiat.
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
For me, my thoughts about this is, when nobody spends on bitcoins and no one is using it anymore it will be worthless. Because anything that people do not use or do not cared about have no value. Because for me, what is the point of it being too much expensive if no one are spending on it and no one cared about it. It is just like a law of supply and demand, if that things dont have a demands the value of it will fall until it will be totally destroyed. But we all know that bitcoins will not go to that stage because they have been successful all through this years.
bitcoin rate will increase more and more whenever people will increase their investment in bitcoin due to which the rate of bitcoin will increase and more people will start investing but if people stop spending bitcoin then the circulation of bitcoin fall down and the bitcoin rate will also fall down.
That's how bitcoin has a high price and we should continue to provide information to everyone to produce higher bitcoin price.
bitcoin rate will increase more and more whenever people will increase their investment in bitcoin due to which the rate of bitcoin will increase and more people will start investing but if people stop spending bitcoin then the circulation of bitcoin fall down and the bitcoin rate will also fall down.
It is quite simple that it won't grow if there isn't any circulation of coins in the market. Worth of a currency depends on its circulation in the market and supply demand rule. Its true that people are saving too much but not everyone is doing the same. Also many new users are joining the bitcoin network day by day this makes bitcoin to grow more.
If no one will spend bitcoin, i guess the price of this currency will go down or it will slowly lost its value. But i think that will not happen, Now a days people are introduced to bitcoin and if they are interested they will find a ways to earn and spend it. There are also a lot of people who are into trading and gambling, so it is impossible for them to gain or earn something without spending first.
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