If no one spends bitcoin what might happen? - page 25.

kidoseagle0312

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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

Maybe in my opinion the value price of bitcoin will be freeze if ever no ones spend bitcoin. Or it maybe drop the value but it must be a valid reason if that happen of course. Because in my belief about it in everyday now in ourlives there are many users spending it using bitcoin in their daily life. Which means bitcoin will always be usefull to everyone.

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Quote from: MintCondition on April 15, 2017, 02:18:39 AM

Quote from: ASHLIUSZ on April 15, 2017, 02:07:30 AM

Quote from: Dr.Osh on April 15, 2017, 01:23:47 AM

Quote from: Amph on April 15, 2017, 12:44:26 AM

Quote from: topbitcoin on April 14, 2017, 11:52:20 PM

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

I guess it's possible. if no one else who spends bitcoin, that is to say, bitcoin is not used anymore, and in my experience, coins were never used, the price will go down, or even disappear. if bitcoin never in spending, meaning that bitcoin is never used, so it's likely the biggest price would probably fall.

As stated based on the usage the value will go down. If this happens, soon the users too will stop using it which eventually stops the acceptance of bitcoin from stores. I believe that trading people were the one who gets affected much than common users.

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.

I agree with you. If no one spend bitcoin then it will be just nonsense for the investor or holders because there would be no supply that will circulate in the market and that will be bad because the price of bitcoin is just depending on the demand of the market so if there is no supply then there will no demand and if there is no demand then the price will decrease and that will be a worst case scenario if we will not spend our bitcoins.

ice098

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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 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.

MintCondition

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Quote from: ASHLIUSZ on April 15, 2017, 02:07:30 AM

Quote from: Dr.Osh on April 15, 2017, 01:23:47 AM

Quote from: Amph on April 15, 2017, 12:44:26 AM

Quote from: topbitcoin on April 14, 2017, 11:52:20 PM

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

I guess it's possible. if no one else who spends bitcoin, that is to say, bitcoin is not used anymore, and in my experience, coins were never used, the price will go down, or even disappear. if bitcoin never in spending, meaning that bitcoin is never used, so it's likely the biggest price would probably fall.

As stated based on the usage the value will go down. If this happens, soon the users too will stop using it which eventually stops the acceptance of bitcoin from stores. I believe that trading people were the one who gets affected much than common users.

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.

ASHLIUSZ

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Quote from: Dr.Osh on April 15, 2017, 01:23:47 AM

Quote from: Amph on April 15, 2017, 12:44:26 AM

Quote from: topbitcoin on April 14, 2017, 11:52:20 PM

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

I guess it's possible. if no one else who spends bitcoin, that is to say, bitcoin is not used anymore, and in my experience, coins were never used, the price will go down, or even disappear. if bitcoin never in spending, meaning that bitcoin is never used, so it's likely the biggest price would probably fall.

As stated based on the usage the value will go down. If this happens, soon the users too will stop using it which eventually stops the acceptance of bitcoin from stores. I believe that trading people were the one who gets affected much than common users.

Dr.Osh

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Quote from: Amph on April 15, 2017, 12:44:26 AM

Quote from: topbitcoin on April 14, 2017, 11:52:20 PM

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

I guess it's possible. if no one else who spends bitcoin, that is to say, bitcoin is not used anymore, and in my experience, coins were never used, the price will go down, or even disappear. if bitcoin never in spending, meaning that bitcoin is never used, so it's likely the biggest price would probably fall.

Amph

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Quote from: topbitcoin on April 14, 2017, 11:52:20 PM

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

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Quote from: Wandika on April 15, 2017, 12:00:52 AM

Quote from: topbitcoin on April 14, 2017, 11:52:20 PM

one thing is certain, bitcoin prices will go down.

There is no market definitely,once we stop doin transactions in bitcoin or not spend any of it there will be no circulation of bitcoin in market then probably it will soon gone. To be able once market to continue we should adapts it features to continue its growth and to know if its accepted by many or not once it is accepted and circulated thus is the time we will know its value drops and rises.

that's why we need to acquire anything that depends on bitcoin for it to continue its process and to know whether its still would function well, if there is no user or market relationship ,there is no reason to make its features continue it will just shut down in an instant.

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Quote from: topbitcoin on April 14, 2017, 11:52:20 PM

one thing is certain, bitcoin prices will go down.

There is no market definitely,once we stop doin transactions in bitcoin or not spend any of it there will be no circulation of bitcoin in market then probably it will soon gone. To be able once market to continue we should adapts it features to continue its growth and to know if its accepted by many or not once it is accepted and circulated thus is the time we will know its value drops and rises.

topbitcoin

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one thing is certain, bitcoin prices will go down.

lemonade09

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If no one is spending there bitcoin the price will still go up and increase and no transactions will be make probably many sites will go down if there is no one gonna use it .. But like now it will never happen we were always spend our bitcoin in something or use our bitcoin in something .
Important and saving our bitcoin in our wallet if we will just save it maybe for our future but still your going to spend it.
BTCBTCBTC But probably if no one using bitcoin the price will go down but i really dont know the right answer.

CODE200

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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 in my understanding it will be turn out to be a saving nothing will happen unless you continue bitcoin and it's activities where you can raise, earn a lot of bitcoin and you might not probably unable to notice that the amount of your bitcoin have increases it's profit a lot which is beneficial to you one day. Once you decide to use it in purpose.

Victorycoin

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Quote from: yellow1 on April 12, 2017, 08:48:12 AM

I think no if ever one spends maybe the price is become increase its value and i think the price also it is going steady. But no one knows either high or low the price is.But it is impossible that no one spend because bitcoin is easy and good investment and it spread all over the world in the future..

In reality, a situation where no one gets to sell their Bitcoin may never arise because people have different needs and views and one of the things no one can take away from people, is the power Bitcoin confers on them to have the final say over their finances. There no doubt abounds people, who are determined to hold on to their Bitcoins until such a time they would be convinced it have appreciated enough.

yellow1

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I think no if ever one spends maybe the price is become increase its value and i think the price also it is going steady. But no one knows either high or low the price is.But it is impossible that no one spend because bitcoin is easy and good investment and it spread all over the world in the future..

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Quote from: ibuddy122505 on April 11, 2017, 08:43:56 AM

Quote from: mrayazgul on April 11, 2017, 07:46:17 AM

Quote from: paul gatt on April 11, 2017, 06:15:25 AM

Quote from: Inkdatar on April 11, 2017, 06:06:43 AM

I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.

I agree with you, nowadays, bitcoin is growing and popular, and it's more and more widespread and accepted by many countries, it's legalized, that's a good thing. Happy for those who use bitcoin. If nobody uses bitcoin, it will lose value and become garbage of technology. No one uses, does not buy and sells, and is inevitable.

Bitcoin is so popular these days that the OP question is just not possible to happen and People will spend bitcoins for sure.

That's exactly what I would like to say. Present online marketplace economy much strong, Bitcoin the main supported currency. I don't find have any reason why not no one will spends bitcoin? While using Bitcoin you can easily make huge profit if you have a good strategy and have skilled guy. Bitcoin treat now professional choice your business.

bitcoin is now becoming more and more popular as currency and people are now using it as online as well as in offline shops for shopping. i am hopeful that in future the trend will extend more and more.

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Quote from: FlamingFingers on April 11, 2017, 08:27:25 AM

Quote from: Victorycoin on April 11, 2017, 08:08:36 AM

Obviously you guys have drifted from what the op meant and not spending Bitcoin is not samething as no one using again. It simply means more and more people settled to hoard their Bitcoins. In that case, we should expect that the value of Bitcoin would rather appreciate because of the relative sxarcity.

That's quite untrue. If no one spends bitcoin, it won't appreciate nor depreciate, it will remain stagnant. Bitcoin has much attention because of its price fluctuation (it might not be good for business, but it's good for investors and traders). Stagnation will make bitcoin boring and uninteresting. Also the bitcoin value will fall against other crypto currencies due to its sending capacity will be equal to nothing.

Why is that untrue specifically?

Aren't the reward halvings meant to affect the prices in this way exactly? Halving Bitcoin supply basically means squeezing the flow of new coins to the market, i.e. the effect being the same as if less people were spending bitcoins. As I posted earlier in the thread, drying up supply will lead to higher prices but they will be less and less relevant (just like the market cap is meaningless right now), up to a point when no one is going to sell (or spend, for that matter) a single bitcoin. In that case, the price may hit ridiculous figures like a 1M dollars per coin when someone is going to buy 1 satoshi for exactly 1 dollar

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Quote from: FlamingFingers on April 11, 2017, 08:27:25 AM

Quote from: Victorycoin on April 11, 2017, 08:08:36 AM

Quote from: paul gatt on April 11, 2017, 06:15:25 AM

Quote from: Inkdatar on April 11, 2017, 06:06:43 AM

I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.

I agree with you, nowadays, bitcoin is growing and popular, and it's more and more widespread and accepted by many countries, it's legalized, that's a good thing. Happy for those who use bitcoin. If nobody uses bitcoin, it will lose value and become garbage of technology. No one uses, does not buy and sells, and is inevitable.

Obviously you guys have drifted from what the op meant and not spending Bitcoin is not same thing as no one using again. It simply means more and more people settled to hoard their Bitcoins. In that case, we should expect that the value of Bitcoin would rather appreciate because of the relative sxarcity.

That's quite untrue. If no one spends bitcoin, it won't appreciate nor depreciate, it will remain stagnant. Bitcoin has much attention because of its price fluctuation (it might not be good for business, but it's good for investors and traders). Stagnation will make bitcoin boring and uninteresting. Also the bitcoin value will fall against other crypto currencies due to its sending capacity will be equal to nothing.

Presently one of the main reasons for the increase in the price of Bitcoin is as a result of many bitcoiners holding their coins and simple Econs(101) dictates that a reduction in quantity supplied, almost always leads to increase in price. Stagnation is only a possibility if no one is interested in it anymore and not if people are only willing to hold on to their coins.

Dimelord

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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 think such a situation would not happen as day by day,new business groups are starting to accept bitcoins.If such a situation occurs,then bitcoin will lose its value against other currencies.People store bitcoin in their wallet expecting a profit from a price rise,but if not so,then they would start losing their interest in buying bitcoins.Traders buy bitcoins mainly to get profits due to its volatility as a result of increase in demand for bitcoin.If no one spends bitcoins,its price will fall down and traders would go in search for another altcoin.Over all,Bitcoin would become as a useless altcoin.

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Quote from: mrayazgul on April 11, 2017, 07:46:17 AM

Quote from: paul gatt on April 11, 2017, 06:15:25 AM

Quote from: Inkdatar on April 11, 2017, 06:06:43 AM

I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.

I agree with you, nowadays, bitcoin is growing and popular, and it's more and more widespread and accepted by many countries, it's legalized, that's a good thing. Happy for those who use bitcoin. If nobody uses bitcoin, it will lose value and become garbage of technology. No one uses, does not buy and sells, and is inevitable.

Bitcoin is so popular these days that the OP question is just not possible to happen and People will spend bitcoins for sure.

That's exactly what I would like to say. Present online marketplace economy much strong, Bitcoin the main supported currency. I don't find have any reason why not no one will spends bitcoin? While using Bitcoin you can easily make huge profit if you have a good strategy and have skilled guy. Bitcoin treat now professional choice your business.

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Quote from: Victorycoin on April 11, 2017, 08:08:36 AM

Quote from: paul gatt on April 11, 2017, 06:15:25 AM

Quote from: Inkdatar on April 11, 2017, 06:06:43 AM

I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.

I agree with you, nowadays, bitcoin is growing and popular, and it's more and more widespread and accepted by many countries, it's legalized, that's a good thing. Happy for those who use bitcoin. If nobody uses bitcoin, it will lose value and become garbage of technology. No one uses, does not buy and sells, and is inevitable.

Obviously you guys have drifted from what the op meant and not spending Bitcoin is not samething as no one using again. It simply means more and more people settled to hoard their Bitcoins. In that case, we should expect that the value of Bitcoin would rather appreciate because of the relative sxarcity.

That's quite untrue. If no one spends bitcoin, it won't appreciate nor depreciate, it will remain stagnant. Bitcoin has much attention because of its price fluctuation (it might not be good for business, but it's good for investors and traders). Stagnation will make bitcoin boring and uninteresting. Also the bitcoin value will fall against other crypto currencies due to its sending capacity will be equal to nothing.

Topic: If no one spends bitcoin what might happen? - page 25. (Read 52622 times)