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.
Topic: If no one spends bitcoin what might happen? - page 24. (Read 52621 times)
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, 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 if there's nobody that will use it will become useless and bitcoin may disappear. Bitcoin is a cryptocurrency if a currency is not used, its price will become so low then it will disappear.
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
I think it will have a higher price. Like in the relation of demand and supply by which if something has less supply it will be more indemand. In Bitcoin if all of its users won't use it or spend it, investors will demand for it. All cryptocurrency including Bitcoin depends on the market demand in terms of their prices. So if the demand will increase, its market value will definitely too. 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 can't imagine myself not spending my bitcoin because the main reason why i keep on working hard is because i want to earn in order to support my basic needs.
If that will surely happen, maybe, the price of bitcoin will go down.
If that will surely happen, maybe, the price of bitcoin will go down.
If no one will spend their coins that it will not help bitcoin price goes higher in future which will lead bitcoin to be a weaker currency in future, if we want that bitcoin should grow then we need to spend it like other currencies.
agreed, the people who save and hold their bitcoin, and also the people who spend their bitcoin both play a big role to the price increase.
That is balancing the economy of bitcoin. The more people who will hold the higher price bitcoin will happen and in counterpart of it, there should be more people who are spending their bitcoins. But we all know that in this type of hoarding, the price is likely to increase even no spends people will be forced to buy at higher rate.
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
If no one will not spend their bitcoin, I think it is like hoarding a goods to the public. And if it will happen the value of the Bitcoin will stay, if there are another factor that affects the bitcoin and that is the time when its value wilk up and down.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 we all hold, the price will only continue to go up. Even beyond these ridiculous levels.
This is a supply and demand game. We, as hodlers, are that supply. As far as the market is concerned, selling your bitcoin on the exchange is the same as buying a cup of coffee with it, its a sell order for all practical purposes. BTC/USD volume does the same as BTC/CUPOFFCOFFEE.
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.
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
If no one will not spend their bitcoin, I think it is like hoarding a goods to the public. And if it will happen the value of the Bitcoin will stay, if there are another factor that affects the bitcoin and that is the time when its value wilk up and down. 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 will spend their coins that it will not help bitcoin price goes higher in future which will lead bitcoin to be a weaker currency in future, if we want that bitcoin should grow then we need to spend it like other currencies.
agreed, the people who save and hold their bitcoin, and also the people who spend their bitcoin both play a big role to the price increase.
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.
one thing is certain, bitcoin prices will go down.
not true, if no one can buy because none is spending(i'm assuming the wider definition here and not spending as a purchasing only, but as a trading too), the value will likely remain there, not going to be dumped for sure
but it can increase without the possibility for buyers to buy new coins, in fact if all exchange were to be stopped by the governments, the value would not appreciate anymore so quickly
you then need to do private trading and report on a new decentralized(like a big forum) service the possible new value
It will be nonsense if we will just store it and waits for it value to goes up before we use it,how will it grow of we would just stock our btc in our wallet or doesn't do anything about like investing or trading, it is like doing business we just need a capital then a profit to run the business and we should get some outcome like does it earn or not. If btc will not be use then why its created anyway it will soon be gone if we doesn't do any btc related activities.
This is true for the regulated systems or markets that demand and supply managing the price but do not forget that we have unregulated market what we are buying/selling trading, so demand/supply is not the major effects on pricing.
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
right like, if not, there are people who spend or, in other words, use bitcoin, then sure a bad thing will happen. Prices could fall fast and does not increase like that affects a lot of things. 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
one thing is certain, bitcoin prices will go down.
not true, if no one can buy because none is spending(i'm assuming the wider definition here and not spending as a purchasing only, but as a trading too), the value will likely remain there, not going to be dumped for sure
but it can increase without the possibility for buyers to buy new coins, in fact if all exchange were to be stopped by the governments, the value would not appreciate anymore so quickly
you then need to do private trading and report on a new decentralized(like a big forum) service the possible new value
It will be nonsense if we will just store it and waits for it value to goes up before we use it,how will it grow of we would just stock our btc in our wallet or doesn't do anything about like investing or trading, it is like doing business we just need a capital then a profit to run the business and we should get some outcome like does it earn or not. If btc will not be use then why its created anyway it will soon be gone if we doesn't do any btc related activities.
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
So If no one uses Bitcoin. its price will drop down and be stable for a long time because no ones uses it, so no ones really needs it, its markets will be very boring so that of course, Bitcoin markets will be useless. 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 is watching bitcoin as currency , it is just rubbish and it has no value. Its price goes up only when people buy into
The value of Bitcoin will remain as it is because it's value depends on how people frequently use bitcoin as a mean of payment. That is why we want more and more people to start accepting bitcoin so that they use it. Also, if this was to happen, there is a possibility that a conflict in the bitcoin world might occur.
If literally no one spent it at all, mining would cease to be profitable in time due to the absence of transaction fees and eventually, when miners stop working, Bitcoin would become useless because no transfers would take place anymore.
We should look at Bitcoin's price if nobody uses it. Transaction fees don't account for a significant portion of miners' income. The block reward is the main form of income.
one thing is certain, bitcoin prices will go down.
not true, if no one can buy because none is spending(i'm assuming the wider definition here and not spending as a purchasing only, but as a trading too), the value will likely remain there, not going to be dumped for sure
but it can increase without the possibility for buyers to buy new coins, in fact if all exchange were to be stopped by the governments, the value would not appreciate anymore so quickly
you then need to do private trading and report on a new decentralized(like a big forum) service the possible new value
If literally no one spent it at all, mining would cease to be profitable in time due to the absence of transaction fees and eventually, when miners stop working, Bitcoin would become useless because no transfers would take place anymore.
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, 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 will not circualates therefore the bitcoin will be pending. it should be spent and be earnes as well. every currency in the market needed to be the way like that. an it is a currency everyone must spend it.
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