If no one spends bitcoin what might happen? - page 21.

pitiflin

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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

People will have to spend their bitcoin one day or the other. That's the basic reason for why you buy/earn bitcoin in the first place.And Americans don't spend because they scared of getting more and more losses because of recession going on all over the world.

Adioliver

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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.

btcdepo

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Supply & Demand rules our markets. just name it, stock exchange, forex, crypto currencies.

If there less demand than current supply, then whatever the instrument we are talking about will be losing value no matter what. if it's opposite then it will gain value.

gesdan

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i think if no one spend bitcoin but bitcoin demand in the world is high i think bitcoin price will go up slowly. but its different situation if the bitcoin demand in public is low, i think bitcoin price will stable at that price or the worst things it bitcoin price will down slowly

MS.LAWLIET

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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

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.

mozillaspez

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Quote from: Zarbout on September 30, 2017, 08:48:57 AM

Money is created to be spent. It's not for saving. It will be always people spending money even if save it one day they will spend it.
Bitcoin price is related to the proportion of people spending money.

In future bitcoin will be mostly visible in the trade. How is this possible that people who own bitcoin will not spend it. It is money and people will surely use it and use it for their expenditure. And for those who use it as a business purpose. They will use it too when they will earn and change it into fiat money.

salad daging

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Quote from: ASHLIUSZ on October 01, 2017, 09:02:12 AM

Quote from: dmamigo on October 01, 2017, 08:59:34 AM

Quote from: emezh10 on September 30, 2017, 09:01:14 AM

Quote from: n691309 on July 14, 2016, 05:43:35 AM

If the blocks are not full we can say that people are not using too much bitcoin, what will happen if nobody use bitcoin is the price will fall down because if nobody is interested then they will try to sell them asap, and when nobody is interested to buy the price gets dumped.

We can see that bitcoin system mostly depends on the people who uses bitcoin in transactions. So if people will stop using bitcoin in terms of transaction, the only thing it could give to bitcoin is the price decreased that will also result for people do not trust bitcoin more. So the best thing to do is to used bitcoin as a part of our investments, trading and in our daily transactions.

Yes, the result will diminish the existence of Bitcoin after subsequent and continuous value dip, but I hope and believe that it won't happen, as the users and usage is going to increase even more in coming future. The crypto world is getting stronger with many upcoming altcoins and Bitcoin is used as a primary crypto as well, to trade and exchange.
The acceptance in online shops is also increasing. The international transaction with low fees has been a great opportunity and people are gradually realizing it all.

Such an usage will diminish the value, but at any point we won't experience it. In one or the other way bitcoin gets used, importantly if it was not used as an currency or investment, surely the usage on darkweb and gambling continues. This keeps the circulation continue around the network.

the complexity of bitcoin business and synergy with all altcoin makes them impossible to abandon, even as the government strictly prohibits it. We can see the real currency in bitcoin, we can imagine if in this world there is only one currency then there is no difference of caste, developed country with a lagging state, or nobility with ordinary people.

If bitcoin is not used by the majority of users, I think the answer is clear, bitcoin collapses for very strong and unstoppable reasons, bitcoin will decrease in value in a short time.

ASHLIUSZ

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Quote from: dmamigo on October 01, 2017, 08:59:34 AM

Quote from: emezh10 on September 30, 2017, 09:01:14 AM

Quote from: n691309 on July 14, 2016, 05:43:35 AM

If the blocks are not full we can say that people are not using too much bitcoin, what will happen if nobody use bitcoin is the price will fall down because if nobody is interested then they will try to sell them asap, and when nobody is interested to buy the price gets dumped.

We can see that bitcoin system mostly depends on the people who uses bitcoin in transactions. So if people will stop using bitcoin in terms of transaction, the only thing it could give to bitcoin is the price decreased that will also result for people do not trust bitcoin more. So the best thing to do is to used bitcoin as a part of our investments, trading and in our daily transactions.

Yes, the result will diminish the existence of Bitcoin after subsequent and continuous value dip, but I hope and believe that it won't happen, as the users and usage is going to increase even more in coming future. The crypto world is getting stronger with many upcoming altcoins and Bitcoin is used as a primary crypto as well, to trade and exchange.
The acceptance in online shops is also increasing. The international transaction with low fees has been a great opportunity and people are gradually realizing it all.

Such an usage will diminish the value, but at any point we won't experience it. In one or the other way bitcoin gets used, importantly if it was not used as an currency or investment, surely the usage on darkweb and gambling continues. This keeps the circulation continue around the network.

dmamigo

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Quote from: emezh10 on September 30, 2017, 09:01:14 AM

Quote from: n691309 on July 14, 2016, 05:43:35 AM

If the blocks are not full we can say that people are not using too much bitcoin, what will happen if nobody use bitcoin is the price will fall down because if nobody is interested then they will try to sell them asap, and when nobody is interested to buy the price gets dumped.

We can see that bitcoin system mostly depends on the people who uses bitcoin in transactions. So if people will stop using bitcoin in terms of transaction, the only thing it could give to bitcoin is the price decreased that will also result for people do not trust bitcoin more. So the best thing to do is to used bitcoin as a part of our investments, trading and in our daily transactions.

Yes, the result will diminish the existence of Bitcoin after subsequent and continuous value dip, but I hope and believe that it won't happen, as the users and usage is going to increase even more in coming future. The crypto world is getting stronger with many upcoming altcoins and Bitcoin is used as a primary crypto as well, to trade and exchange.
The acceptance in online shops is also increasing. The international transaction with low fees has been a great opportunity and people are gradually realizing it all.

Babyrica0226

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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

Well I guess if that happens, its a kind of boring for sure. But since bitcoin is not design in that matter, we are lucky that bitcoin was volatile that's why most traders got their earnings because of the volatility of the price value.

emezh10

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Quote from: n691309 on July 14, 2016, 05:43:35 AM

If the blocks are not full we can say that people are not using too much bitcoin, what will happen if nobody use bitcoin is the price will fall down because if nobody is interested then they will try to sell them asap, and when nobody is interested to buy the price gets dumped.

We can see that bitcoin system mostly depends on the people who uses bitcoin in transactions. So if people will stop using bitcoin in terms of transaction, the only thing it could give to bitcoin is the price decreased that will also result for people do not trust bitcoin more. So the best thing to do is to used bitcoin as a part of our investments, trading and in our daily transactions.

Zarbout

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Money is created to be spent. It's not for saving. It will be always people spending money even if save it one day they will spend it.
Bitcoin price is related to the proportion of people spending money.

fedora8

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Of system there is this IF, as prolonged as you bring up that IF you could in no way achieve any conclusion.There are hundreds of folks residing on daily basis with spending bitcoins, so even by the ideal odds everyone else decides not to devote any bitcoins, I might gladly will do just that given that not everybody can hold out to see if that IF operates and how does it perform.But IF I can deal with a 7 days with out taking in and drinking then other individuals as nicely we could place it to the examination to see what genuinely transpires.There are bitcoin clones but people need the insurance coverage which fairly to other cash bitcoin appears to provide to the desk more than others and that is why is most used cryptocurrency.

cryptobiker

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If no one spends Bitcoin.. then it will loos its purpose.. if there is no usability slowly people will loos interest in it... then all those who are keeping bitcoins slave in their nodes can show it to their grandchildren and say if only I would have sold half of them.. we would have been living in an east facing moon apartment and Danny could have bought that new model of Tesla flying jet car to visit grand ma on earth...

Save some.. rotate some.. grow let n let the community grow.. invest wisely when selling so that you can acquire some back more in future from profits

--DarkSecrets--

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Quote from: |Bitkoin| on September 23, 2017, 07:44:41 AM

If no one spends their bitcoins then that makes the coin more valuable since there is a limited supply of bitcoins. There will only ever be 21 million, around 2050 when they're done being distributed.

I think you don't clearly get the point of the title and the post since if bitcoins have no investors what would it be now. Many people will panic because the price will dump unless ypur reply has been already done which is we are too far from that 2050 was too long and bitcoins maybe worth a 100,000 plus of value. or even a million dollars.

vafro

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Properly i do think bitcoin has value simply because it retains currently being traded, if from 1 moment to all people end circulating their bitcoins its practically a sure price will dump alternatively increase. But at the minute im see that we have also many transactions and we have after once again an issue about the confirmations, and the delay isnt good for bitcoin at all.

|Bitkoin|

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If no one spends their bitcoins then that makes the coin more valuable since there is a limited supply of bitcoins. There will only ever be 21 million, around 2050 when they're done being distributed.

Powerman001

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certainly bitcoin will fall and have no price anymore.

lincolnmad

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Quote from: wilwxk on September 10, 2017, 08:54:54 AM

If this occurs and the price dont crashes, so the phrase "Bitcoin is a bubble !!" will be true and this crypto will be a simple market where the peoples are trying to get money with the order of others.

The worst scenario is the price of bitcoin will stuck or even going down because there is no buyer and seller on the market but i think it's impossible to happen. Bitcoin is an online currency though, many people still use it for trading, gambling, buying/selling on something else, people will keep using bitcoin.

deisik

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Quote from: Jemzx00 on September 21, 2017, 09:38:31 AM

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Quote from: rphk on July 14, 2016, 04:59:04 AM

If no one spends bitcoin , it will not help in rising the bitcoin price . better is always more and more people should use bitcoin as transaction method , then we can see more popularity for bitcoin and hence there will huge demand also

On my opinion if no one will spend on bitcoin many of us will not familiarized on it ,and its price will still on its price down.the demand will go down and bitcoin will not increase at the same time.the more people who use bitcoin the more it became high price.

You are very much right. If no one out of us will spend their Bitcoins and will simply hold them, then I think the value of Bitcoin will not remain that much as it should be. I think the only way we can promote and encourage others to come and invest in Bitcoins is by showing them that this is very profitable sort of thing.

Well if no one sells their bitcoin then the price of it will not change at that moment and will stay at that until the next sell happens. We can still earn bitcoin thru mining if there's no-one is selling them where the popularity will still increase since most of the people attracted to bitcoin is because of it's price.
Anyway, this scene will never happen since almost everyone will need some money or extra money and sell their bitcoin for it

I basically agree with your point

Technically, if no one sells bitcoins any more, the price of Bitcoin will remain the price at which the last trade had been made no matter how long ago this trade actually took place. That said, we could still take the highest bid as the possible price since if someone decides to sell (though that would be against the premises of the opening post, I know), he will get that quote (provided the size of his order matches the size of the bid order, of course)

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