If no one spends bitcoin what might happen? - page 23.

stompix

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Quote from: giletto on September 01, 2017, 01:20:46 AM

Quote from: Somz1 on August 31, 2017, 11:18:53 PM

The value will shoot up I think

I agree with you. If no one spends bitcoin, they will hold bitcoin and people who want bitcoin can not buy bitcoin easily anymore and therefore, the prices of bitcoin will be extremely high. The higher the demand is, the higher the price will be

Yeah and ....what value will that be since nobody is spending it?
Remember the scenario, everyone hodls:).
The value might go to 1 billion for 1 satoshi as nobody sells.
And then somebody drops 10 btc what will happen to the price?

Bitcoin has grow because it's being used more and more and business accept it.
Take that from it and it will drop to the value before the first pizza was bought.
And that value was 0.

Quietman

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If no one spend bitcoin the demand for it will be very low. Or there will be no changes on its price at all. It will be stable. But I believe that wont happen. Unless bitcoin reaches a near zero value. No one would like to have a stable price for bitcoin. Because it is one of the characteristics that makes bitcoin known.

Potentiam

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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.

balakang00

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Probably, all of us will go down because if no one uses or spends their bitcoin it might be taken down since it has no benefit to anyone. But I don’t think this will happen in the future because bitcoin has so much potential and gives so much opportunities to people.

Jewell

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Quote from: Akash1243 on August 30, 2017, 01:36:59 PM

Holding bitcoins are great idea as bitcoins usually yield good profits on long term basis as it's keeps on increasing because it is in demand but if everyone starting holding bitcoins then i think it would greatly affect it's price as if no one's spending or selling it bitcoin would become as unregulated market means there would be no circulation or cycle of buying and selling so demand will fall and price will significantly decrease.And if there are no transactions then miners will be not profited and of course because of no profit they will have to shift to other crypto currencies.

Yes I no doubt agree with this statement that if everyone keeps bitcoin with himself and not and there is not transaction i.e. selling and buying, then surely its value will fall dramatically and the demand for it will decrease. And the huge inverters will lose a lot of money so \i also agree with that they will look around to some other crypto currency. Because everyone wants to increase his investment and not to keep in accounts

FLoving

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Quote from: giletto on September 01, 2017, 01:20:46 AM

Quote from: Somz1 on August 31, 2017, 11:18:53 PM

The value will shoot up I think

I agree with you. If no one spends bitcoin, they will hold bitcoin and people who want bitcoin can not buy bitcoin easily anymore and therefore, the prices of bitcoin will be extremely high. The higher the demand is, the higher the price will be

And the price will keep on rising and one day it will become reach to infinity... -_-
Give me a break! This is so lame actually. The topics sounds like they are gonna do it forever. If that's the case, nobody is gonna give a sh** about BTCs. If people know, BTC holders don't intend to sell their asset, they will simply leave them on their own. I mean it's like an auction, if no auction is there, why would anyone even think about it?

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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

I agree. The most possible thing that will happen if that's the case is that the price of btc won't change. The worse thing is that its value will fluctuate and might see itself disappears from the network. Well, in real world, people not using btc is very far from reality. Most people today are inclined to the use of btc in their daily transactions.

albertvert

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Quote from: deisik on September 01, 2017, 02:04:27 AM

Quote from: GreenBits on August 30, 2017, 07:02:34 PM

If no one is "selling" (this is impossible, someone will always take profit in a sea of actors), there is no opportunity to "buy". The bids will keep increasing, making this even more of a bubble, until someone freaks out from all the profit potential and dumps on all those delicious bids

Yeah, but this is not what this topic is about

The OP asks what is going to happen if no one spends any bitcoin whatsoever. Indeed, it is a hypothetical situation which is unlikely to happen in real life, but it is still interesting to evaluate the possible outcome of it. As to me, if no one spends anything, no bid can be fulfilled, and thus buyers will soon start to lose any interest in Bitcoin since they will be freezing their funds in vain. Thus the bids will evaporate too (en masse), though the price may hit quite ridiculous levels (e.g. someone wanting to buy 1 satoshi for 1 dollar)

Ya you are some what correct. But If you spend or sold your bitcoin at low rates due to financial needs,I will say you lost the golden opportunity. If you sell your bitcoin at right time I.e At low rate means,you will get very huge profit which you not even expected. That is the impact of lost opportunity.

deisik

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Quote from: GreenBits on August 30, 2017, 07:02:34 PM

If no one is "selling" (this is impossible, someone will always take profit in a sea of actors), there is no opportunity to "buy". The bids will keep increasing, making this even more of a bubble, until someone freaks out from all the profit potential and dumps on all those delicious bids

Yeah, but this is not what this topic is about

The OP asks what is going to happen if no one spends any bitcoin whatsoever. Indeed, it is a hypothetical situation which is unlikely to happen in real life, but it is still interesting to evaluate the possible outcome of it. As to me, if no one spends anything, no bid can be fulfilled, and thus buyers will soon start to lose any interest in Bitcoin since they will be freezing their funds in vain. Thus the bids will evaporate too (en masse), though the price may hit quite ridiculous levels (e.g. someone wanting to buy 1 satoshi for 1 dollar)

dark08

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Quote from: Cold-Heart on September 01, 2017, 01:16:15 AM

i think it may decrease the value of the bitcoin it self, due to no one spends it, it results that no one needs it, therefore it might be erased from the net. but i think this will only happen if the price or the value of bitcoins are very very low. but i hope this won't happen cause i'm just starting my own expectations about bitcoins. Cheesy

Your idea was cool and I agree with you it is simply that people will surely not invest in bitcoin because no one spend it so why we invest your money if you never spend it People thinking this is a scam & surely the price will became very low and bitcoin will die.
Just my opinion only what will happen

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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

It is true that when no one uses a certain currency the value of that currency will go down because the state or country owns it will produce more paper currency but it is not the case for cryptocurrency like bitcoin because they are limited, therefore it ok to not spend bitcoin for a certain time.

giletto

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Quote from: Somz1 on August 31, 2017, 11:18:53 PM

The value will shoot up I think

I agree with you. If no one spends bitcoin, they will hold bitcoin and people who want bitcoin can not buy bitcoin easily anymore and therefore, the prices of bitcoin will be extremely high. The higher the demand is, the higher the price will be

Cold-Heart

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i think it may decrease the value of the bitcoin it self, due to no one spends it, it results that no one needs it, therefore it might be erased from the net. but i think this will only happen if the price or the value of bitcoins are very very low. but i hope this won't happen cause i'm just starting my own expectations about bitcoins. Cheesy

pairinpay

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You have to be patient with Bitcoin but sometimes the price can be stable for a long time.

coinluisa

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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

If that happen bitcoin will be stable and people maybe not invest to bitcoin, we are here to invest and to earn if we not spend it what will happen to our bitcoin it will stuck and it will go down the price.

janeparamas

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Is trading included on spends bitcoin ? If yes, the price of bitcoin will stuck because no one spend their bitcoin. I think it will never happen, no one spends bitcoin. It will happen if all people not trusting bitcoin anymore and leave it. The price of bitcoin can fall so hard if it happened.

Somz1

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The value will shoot up I think

DoublerHunter

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Quote from: Cazkys on August 31, 2017, 04:28:24 PM

It will be a long process, I guess. If everyone is holding, sometime soon or later, there will be a demand. And with demand comes high prices. And with high prices there will be surge of people who held their Bitcoin selling them thus resuming the cycle. But if it fully stopped, then what’s the sense? What is the purpose? Sooner or later, demands will drop and so are the prices condemning the bitcoin to uselessness.

I agree with you so i think bitcoin needs a balanced market. If there are holders then there is also trader who will balanced the market because the market of bitcoin needs supply so the cycle will continue because if everyone will not sell their bitcoin then the miners will become useless because they also make profit from confirming transactions so if there will be no transaction then bitcoin will just die and its price will become worthless.

Kelvinid

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Quote from: Irvinn on August 31, 2017, 05:09:18 PM

If bitcoin is not used as a means of payment, but only as a means of storing value, this will have a bad effect on his course. However, this will not happen. People will always make expensive purchases and large deals in bitcoin. Therefore, a certain number of transactions in bitcoin will always be.

You're right.Although some people just wish to keep their bitcoins without spending,it would give somehow a negative effect on part of the bitcoin market.But of course no one would ever do it.I really believe most of the people here work for bitcoin to have a bigger profit which will be also used to sustain their daily needs.And some are really used to purchase expensive items using their bitcoins.

Irvinn

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If bitcoin is not used as a means of payment, but only as a means of storing value, this will have a bad effect on his course. However, this will not happen. People will always make expensive purchases and large deals in bitcoin. Therefore, a certain number of transactions in bitcoin will always be.

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