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Topic: If no one spends bitcoin what might happen? - page 20. (Read 52622 times)

legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
We need to find an ideal balance between supply and demand. If no one is ready to sell the coins (including the miners), then it is going to affect the popularity and adoption of the crypto-currency in the first place. How can we increase the Bitcoin user-base, if these new users can't get any coins?
hero member
Activity: 661
Merit: 500
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

Firstly the movement of price will gradually slow down and remain at one price, then eventually if no one uses bitcoin as a form of earning or spending, it will start to lose value very fast. The demand will go down and in no time bitcoin will become obsolete. But with the current market trend bitcoin has a bright future.
hero member
Activity: 728
Merit: 500
Without sellers there are no buyers, so the price is obviously going to go down, but it works as stocks, it is always on circulation, and now that the demand is constantly rising, there is no way that nobody wants to sell their coins, because everybody wants to buy some stuff sometimes, or maybe they need money. So money is always circulating, and the same happens with bitcoin and altcoins
full member
Activity: 882
Merit: 104
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 the price will be stuck if we not spend our bitcoin. And no one will interested to invest to this currency because the price will go down too.
member
Activity: 98
Merit: 10
I guess that is the time bitcoin will constantly drops bit by bit resulting to losing faith in bitcoin system. Which could be eventually lead to the downfall of bitcoin.
sr. member
Activity: 364
Merit: 250
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 means the circulation will stop if nobody spend their btc therefore the price might go down. If that continues then people might not be interested anymore so they won't invest in it. I think this is possible to happen if the transaction fees keep on rising because we have fiat which we can freely spend and without any fees to pay in spending.
full member
Activity: 252
Merit: 100
I think bitcoin will not grow. Without exchanges and transactions bitcoins price and the whole industry will Be stable and stagnant. If this would happen. Only the mining and investors will be influencing the bitcoin industry.
in my opinion all things can affect the price of bitcoin let alone the words of people who are well known to many people, then that person will toy the bitcoin price so that they can get a lot profit
full member
Activity: 406
Merit: 102
I think bitcoin will not grow. Without exchanges and transactions bitcoins price and the whole industry will Be stable and stagnant. If this would happen. Only the mining and investors will be influencing the bitcoin industry.
sr. member
Activity: 431
Merit: 250
This is the same as if in a country no one uses money then what happens? of course for the short term can happen but it is impossible to forever, bitcoin will be fine even though none spend bitcoin.
newbie
Activity: 49
Merit: 0
I am sorry to say, but this query is like, what would happen of the sky would slide!!  This would not take place, simply because there are to many men and women on the networks and there is no reason for them to quit employing the method.  Asking what if is never anything a lot more than a squander of time.  What if I was a millionaire???  I would not be right here.
full member
Activity: 170
Merit: 100

I do not think this will happen and there will always be someone who will spend bitcoins, because this is the market. And the market without volatility will die. On the contrary, thanks to trade, purchase and sale, the price is partly growing. More and more people are interested in bitcoins, more and more they want to get it and make money by rising or falling prices.
hero member
Activity: 1498
Merit: 586
I think it will never reach up to this level because nobody cares and nobody see the value's of btc affect to our community. Other cryptocuurenncy will no longer emerge, because they are nothing, They are just a piece of crap who has no value worldwide. BTC value will surely stuck at the bottom level.
if no one spends bitcoin then the circulation will not flow, it will be bad and not good for us, people must sell and buy the coins in order for us to call it trading and in order for bitcoin to continue to circulates that why they and we must use it in our daily needs.
full member
Activity: 196
Merit: 100
I think it will never reach up to this level because nobody cares and nobody see the value's of btc affect to our community. Other cryptocuurenncy will no longer emerge, because they are nothing, They are just a piece of crap who has no value worldwide. BTC value will surely stuck at the bottom level.
sr. member
Activity: 1484
Merit: 253
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 no one spend bitcoin i think the price never change and it become stable until no one spend bitcoin. I think there is no one spend bitcoin most specially the bitcoin price become high and they convert them faster to get that price into a money.
This is a tough question but maybe if no one spends bitcoin then the price may affect from time to time for we all know that there is sudden dips sometimes without monitoring its status and that would affect the value even if you unintentionally letting it remain the amount of bitcoin in your wallet. This would simply mean that you have to do something and try to make use of having partitions so that you have to trade or go for selling your bitcoin. It's just really up to your decision making. Whether you let is suffer or survive the value.
full member
Activity: 434
Merit: 100
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 they save too much then the value of the coin will probably increase, Basically that is how the market works, More demand but low supply then the value will increase periodically. Most of the traders are holding their coin for a very long time to earn more profit.
sr. member
Activity: 868
Merit: 333
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


As for my opinion. I believe that when noone spends bitcoin it's value will not circulate and it will not be known. As we can see the more the users of bitcoin the higher the possibility that its value will rise. If no one use bitcoin no one will trust its worth and maybe some will not dare to engage in earning bitcoin.
well as for me, its price will go up high. why? because if no one sells their bitcoin, then the supply will short, as of now there's a lot of investors want to invest in bitcoin, so if no one will sells, how are they able to get their bitcoins. they will bid a high value to buy bitcoin then there comes the seller who wants a high value.
full member
Activity: 364
Merit: 100
If no one spends bitcoin the value will eventually fall because if no one spends it that means people would have lost interest in this digital currency which will result in the end of bitcoin era.
Well, practically thinking no one would dump using such an efficient currency.Especially people who live far from their homes and want to send the share of their money,bitcoin is the best currency because of its low conversion charges it pretty quick and efficient.

bitcoin will move down very quickly because if there is a negative sentiment made by the holder of 40%, then the majority will follow them and return to fiat. But I think there are still many people who will keep it for a long time as a memorable item because it has felt the greatness of bitcoin. The most important is the mass bankruptcy of crypto exchanges.

that is the one thing that might happen the currency the value of it will goes down but there is no reason to no spends of it people may gonna do it spend it for some matters.
full member
Activity: 237
Merit: 100
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 no one spend bitcoin i think the price never change and it become stable until no one spend bitcoin. I think there is no one spend bitcoin most specially the bitcoin price become high and they convert them faster to get that price into a money.
full member
Activity: 308
Merit: 100
Blockchain Just Entered The Real World
If no one would use bitcoins then there would be shortage in circulation and demand would not be easily fulfilled which should lead in raise in the price of bitcoins in global market.
sr. member
Activity: 1288
Merit: 253
If no one spends bitcoin the value will eventually fall because if no one spends it that means people would have lost interest in this digital currency which will result in the end of bitcoin era.
Well, practically thinking no one would dump using such an efficient currency.Especially people who live far from their homes and want to send the share of their money,bitcoin is the best currency because of its low conversion charges it pretty quick and efficient.

bitcoin will move down very quickly because if there is a negative sentiment made by the holder of 40%, then the majority will follow them and return to fiat. But I think there are still many people who will keep it for a long time as a memorable item because it has felt the greatness of bitcoin. The most important is the mass bankruptcy of crypto exchanges.
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