Topic: If no one spends bitcoin what might happen? - page 22. (Read 52602 times)
This is almost impossible to happen, atleast miners will need to sell part of their coins to pay the energy bills and to grow their hashpower, bitcoin has raised due to people start trade and use bitcoin to pay for something or services, if somehow people stop spend bitcoin it would create a huge pression and possible a buble over it.
If everybody decided to start paying stuff with bitcoin, bad things will happen. Think of it this way bitcoin got its value because its a finite amount and nobody is floding the market with it just like gold. So the most probable and worst thing is that the value will decrease so much that bitcoin will be worthless.
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.Anyway, this scene will never happen since almost everyone will need some money or extra money and sell their bitcoin for it.
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.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. If you sell your bitcoin then it is just like you spend it to for the exchange of fiat or other crypto currency so there is a flow in the market. We need to spend coins to make economy grow. Money is made to spend or use to buy products and services. I think if we don't spend bitcoin, the value will be sticky.
I think spending means using it to buy stuff just like what you do with any other currencies. But selling is when you dump it on the market. The first one is actually helpful to bitcoin because when you spend there will be more services and more adoption as we go forward. But the selling is what changes the price when no one sells price goes up and when everyone is dumping the price drops. 
If you sell your bitcoin then it is just like you spend it to for the exchange of fiat or other crypto currency so there is a flow in the market. We need to spend coins to make economy grow. Money is made to spend or use to buy products and services. I think if we don't spend bitcoin, the value will be sticky.
Well that question is not complete. If no one spends bitcoin ceteris paribus that would mean people will still buy and sell it.
Basically it just becomes an investment asset.
Note: Selling is not the same as spending.
I think it is not possible. It is like that someone has an account in bank and he holds some money and do not spend although he needs the money for his day to day expense. Is it possible? Then what will he do. Surely he will withdraw his money from the bank and spend it. Basically it just becomes an investment asset.
Note: Selling is not the same as spending.
Here is also the same case. For example if I have bitcoin in wallet and hold it then why I have invested my money.
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 and own thought, if people will not use to spend their bitcoin, the circulation within the international market regarding bitcoin cryptocurrency will be abundant because no people want to spend it so how will it work ad a currency if we will just hold it and just wait until it pump? We do need to spend it into investments, buying needs and wants to make the currency working and continue to circulate making its demands higher that will lead to its price hike.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 would a possibility that the bitcoin economy will not grow because if no one will dump the price will remain stable and no change of price. We really needed to see fluctuations in order for other investors to have a chance to buy a bitcoin to hold. If price will remain expensive then demand will also fall and the desure of people in investing will be lessen.
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 and own thought, if people will not use to spend their bitcoin, the circulation within the international market regarding bitcoin cryptocurrency will be abundant because no people want to spend it so how will it work ad a currency if we will just hold it and just wait until it pump? We do need to spend it into investments, buying needs and wants to make the currency working and continue to circulate making its demands higher that will lead to its price hike. 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 would just stay the same. It would be as if it was frozen since there will be 0 movement.
This is impossible but I know this is just theoretical.
This is impossible but I know this is just theoretical.
Absolutely impossible. Always someone will spend for purchase of trade
there's always going to be some people that will need to spend it, same as those that hold gold
Well yes out of millions of people of hold btc not all can think in same way and will hold it. There would definitely many of them who will sell it either they require money, or will spend on something to buy some stuff or for the remittance purpose wills end btc to somebody etc which will going to happen.
Since, exchanges will still allow buying/selling, I think price will drop drastically until people start spending. Maybe after an initial sharp drop, people unaware of the situation will buy few coins thinking they will gain profit quickly. But, after realising a loss they will sell their holdings as well.
Well the exchanges are going to be the ones spending so it wouldn't be a total blackout on Bitcoin spending and since people would be fraction buy rmore on the exchanges it is likely to spark artificial demand and that will result in a corresponding growth in Bitcoin value.
The price of bitcoin will increase strongly. Because if no one spends, other people can not buy bitcoin. It will make bitcoin become rare and unique while the number of people who are interested in bitcoin increases every year. However, if the situation does not change, bitcoin will not be valuable anymore and people will move to another coin to use. Therefore, bitcoin needs to be used and hold at the same time
Since, exchanges will still allow buying/selling, I think price will drop drastically until people start spending. Maybe after an initial sharp drop, people unaware of the situation will buy few coins thinking they will gain profit quickly. But, after realising a loss they will sell their holdings as well.
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.
No, that is not true, bitcoin price is not determined by it. the decline in bitcoin prices will still occur because the bitcoin price / crypto currency is determined by the trader. they want make the price cheap or expensive.
there's always going to be some people that will need to spend it, same as those that hold gold
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.
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
It's a bit funny but I think Bitcoin will be more expensive. If no one will selk their Bitcoin and since Bitcoin is only limited for a specific account, once that limit is reached and still they are not using it, its value will increase. It has to do with the relation of supply and demand. Such that if the supply is only limited, it will be more indemand. And Bitcoin's market value depends on the market demand. So I think it will make its value higher. 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
Jump to: