If no one spends bitcoin what might happen? - page 2.

Verde_Mantis

member

Activity: 336

Merit: 52

Quote from: danherbias07 on July 14, 2016, 04:11:51 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

That's example is different, if people don't spend money it's a problem for whole economy because other people can't make money, BTC is not yet an important part of the economy, is more similar to gold, so if nobody sells and someone wants to buy the price should go up, I think.

thundercrystal

full member

Activity: 334

Merit: 102

Quote from: Nivir on March 13, 2018, 02:22:25 AM

Countries economy and its currency value are under the influenced of many factors. People not wanting to spend bitcoin are just fine for as long as there are no heavy dumps.

If no one people will spends bitcoin, there are a big possibility that bitcoin can overtake by ethereun as the strongest cryptocurrency and there are also a big possibility that the price of bitcoin will fall very high in the market, and i think bitcoin can not live longer if that will happen.

Luizrosevelt

jr. member

Activity: 308

Merit: 3

The core value of any currency/tender is its adoption and usability. If you take a little trip down memory lane, you would find that the competitive advantage of any currency is in its use case. In 1973, president Nixon of the USA took the US dollar off the gold standard and USD hedged in FED became a global standard currency for international settlements and transactions. This is important to the dollar as a currency because its international presence ushered in deluge of usage hence its assumed enviable status globally.
Conversely, bitcoin would plummet and eventually become isolated if nobody uses it. It's core objectives would have diminished to a level where it becomes non existent. Hodlers would get disinterested and dump at the slightest opportunity.

Winedmeel

jr. member

Activity: 110

Merit: 2

If no one spend there bitcoin? its simple the supply in intire industry nor community is the most affected and can cause shortage in the circulation in our community and specially the value per bitcoin will gonna rise like in double cost and it can hit the prediction this year...

SergeYak

newbie

Activity: 154

Merit: 0

I think that if currency isn't useful , it will die very soon. Anyway we have blockchain and have an opportunity to develop many interesting things , even more great than bitcoin.

CarnagexD

sr. member

Activity: 1498

Merit: 374

Leading Crypto Sports Betting & Casino Platform

The rule of supply and demand would break and the price of bitcoin would definitely drop because of the fluctuation on transaction which primarily target the market of bitcoin. Hence, negative impact could possibly driven in terms of price and the system of bitcoin which could somehow damage some investments and trading system that could give loss on many holding and possible investments.

Aidan Martin

newbie

Activity: 87

Merit: 0

In my opinion, If no one spends bitcoin then the price would somehow stabilize and theres no circulation on bitcoins ecosystem which means its stagnant and we could see that adoption of bitcoin will be stop for sure because no one spends it and the awareness on bitcoins existence would surely decreased or nothing at all. Thats why we must spend our bitcoins.

Pepito Manaloto

full member

Activity: 377

Merit: 100

MenaPay - Crypto made easier than cash

Probably it will result to a high demand since the number of Bitcoin is just limited. If one thing is being indemand, its market value will be expensive. Therefore huge profit will be to its users or holders and will make it hard for other investors to buy an amount of Bitcoin. Iam not sure if this will be a good thing for Bitcoin. So since the market is circulating, invest now already.

Genosx

full member

Activity: 434

Merit: 100

I think if there is no someone who not used bitcoin then the market value of bitcoin can be affected from this event because the bitcoin does not circulate from its respective cycle.

Ziomuro27

sr. member

Activity: 406

Merit: 254

BookiePro.Fun - The World's Betting Exchange

Quote from: danherbias07 on July 14, 2016, 04:11:51 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

There is no exciting moment whenyou open your cellphone or your computer and see the bitcoin price is stable. If this will happen maybe some people will use alternative curency which will makes them satisfied on their values. Most importantly if it will be stable that means that this currency is not valuable. In addition bitcoin will decrease its value.

Dinsdendo

newbie

Activity: 199

Merit: 0

I think the price will go up. supply and demand is what drives it, like everything else in this world.

The_prodigy

hero member

Activity: 924

Merit: 500

Quote from: Amilhussin24 on March 31, 2018, 10:17:33 AM

If no one spends bicoin it will going to nothing, I mean population don't grow anymore, it will never known by people because no one promoting it. And bitcoin value will go into lowest price ever like its original price since it was just being created. But, I think it is impossible, because by the help of blockchain technology bitcoin could be something usable in many ways and because of that people will aknowledge bitcoin as a king of digital currency, because it was created with limited supply and as a cryptocurrency with a decentralized function.

If no one will spend and accept bitcoin it also means that it is not valuable. It has no value at all because no one is using it. Bitcoin will always be valuable as long as it is functioning. All of the investment in bitcoin is in good hand if its value is continuing. Everything will remain but bitcoin is just non sense if no one will use it.

Bruce1614

member

Activity: 144

Merit: 15

Well I think the likelihood surprisingly sparing all their bitcoin is practically nothing. There will dependably be an exchange particularly when betting destinations are there, when individuals tend to offer their coins in the midst of need, when hyips/cloud mining locales still work and trick individuals, when venture openings opened. We have numerous motivations to spend bitcoin that is the reason I figure it will keep flowing.

Sunnyyy

jr. member

Activity: 118

Merit: 2

If no one is interested in bitcoin anymore. Its value will decrease. If this situation lasts forever its value will return to zero. Worth it lying there until investors continue to buy it.

1jaffa1

full member

Activity: 280

Merit: 104

If all the Bitcoin users refuse the spend their Bitcoin and decide to just hold all of them, then the price of Bitcoin will not move. Bitcoin's price will not increase, it will not decrease as well. No movement will be detected until somebody decides to sell their bitcoin or until somebody enters the bitcoin world and decide to invest some money into Bitcoin.

Friskaadew

jr. member

Activity: 168

Merit: 1

Bitcoin will be more increase its price but no one can be buy bitcoin because then all people will be never sell it so price will be too much high and no one can be afford it .

Joylee

member

Activity: 168

Merit: 10

Then everything will remain with Satoshi Nakamoto because if no one is willing to spend, then no one will get any. By that happening as well, then this forum will not come to be, likewise will we have the popularity Bitcoin has today, couple with the dreams that would have died if Bitcoin was not spend in addition to the fact that I won't be here today.

xhoondilan

member

Activity: 168

Merit: 10

For my opinion if no one spends bitcoin then I guess bitcoin will be forgotten and don't value anymore, but thats question is not possible to happen, simply because people are so obsess to money and always think of something they can earn for so unless they don't know what bitcoin is they will not miss any chance when having a bitcoin.

SteinsGate

jr. member

Activity: 98

Merit: 1

There will definitely 1/10 person who will spend their bitcoin. If not then the price will really be stable for a long time. It would not benefit most people then.

sulec70

sr. member

Activity: 373

Merit: 250

If no one spend bitcoin, it will gives bad impact to bitcoin. Without good circulation, the hoarder will influence bitcoin price easier. I think the important thing is not just circulation but spreading is important too.

Topic: If no one spends bitcoin what might happen? - page 2. (Read 52621 times)