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Topic: If no one spends bitcoin what might happen? - page 26. (Read 52575 times)

hero member
Activity: 1134
Merit: 517
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.
hero member
Activity: 560
Merit: 500
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.
hero member
Activity: 2590
Merit: 644
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.
Yeah. If no one will spend bitcoin in the market then it will lose its potential to be a great currency because there will no available supply in the market to be used in doing trades like buying and selling, the bitcoin users and holders will become hopeless with that and they will just abandon and accept that they lose in bitcoin.
sr. member
Activity: 2380
Merit: 454
What you suggested seems to be an impossibility.  Grin

On a side note, if no one spends bitcoin of course the currency eventually dies off.

That is why OP use the word "What if", because he just want to have our opinions, but just like what you have said, yeah, it would be impossible for us on not to use bitcoin anymore, unless the Government eliminated it. But we all know that bitcoin do have a future, and it will not happen that easily, bitcoin solidity will not be ruined just like that.

And let's say that the government banned it all over the world, but we are not going to let thing happen, we will find a way for them to take back what they have said, and they will declare back that bitcoin is legal, and everyone could use it.
hero member
Activity: 896
Merit: 500
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.
hero member
Activity: 1582
Merit: 523
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.
sr. member
Activity: 476
Merit: 250
What you suggested seems to be an impossibility.  Grin

On a side note, if no one spends bitcoin of course the currency eventually dies off.
of course it will make bitcoin die but it will happen when bitcoin already in old age. for now it will not happen because bitcoin is still evolving
hero member
Activity: 798
Merit: 500
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

Law of supply and demand your right the price will stock up and maybe it will dump because based on the supply and demand law when the supply is lessen the demand will increase and price will be pump and if the supply increase the demand will be lessen and the price will be dump. so it will be remain the same.
newbie
Activity: 27
Merit: 0
Spending bitcoins is part of the cycle so if it will stop, the whole network will stop also from working and that is the end. We know that it is very impossible to happen because every second there's a lot of transactions worldwide.

That is right. That is why I spend a few bitcoins every year.
full member
Activity: 126
Merit: 100
if no one spends bitcoin of course the currency eventually dies off.

This is what will happen if no one will spends bitcoin. The economy will die because there's no transaction anymore. What do you expect to happen the price will increase because of the demand? No, bitcoin will surely die because there's no movement as I'm taking literally "if no one spends". That will make bitcoin as nonsense coin.
Yes ,it will die and yet the only reason why bitcoins is high now is because of investors who are looking forward to earn on it. So basically if there's no movement it will only stock up at a price which make bitcoin die .
For any reason if that happens i clearly think that if bitcoin dies still its features will be useful as we getting close to its fast transactions so it will not die ut will be fixed and just a part of remittances.

That's a sure thing to happen, it will die because there's no fluctuation that is happening or even manipulation. But I really doubt that it is going to happen we can see a very big total market cap of it. And it's going to be unbelievable if it is going to die very soon, right now it's opposite if there are people that are not going to spend, they will earn it in the future.

Bitcoin will die only if people will stop using it or if its price goes to back to zero which is impossible to happen as the users of bitcoin are increasing on daily basis which is taking price higher and same will be the scenario in future too.
Yes you are right,
I can not happen suddenly that ,
People stop using a currency which ,
Has gained such huge acceptance in such a small period of time.
If no one spends bitcoins for some time,
It may result into the price of bitcoins stumbled,
But it still is very hypothetical as bitcoin is the currency of the internet.
sr. member
Activity: 336
Merit: 250
What you suggested seems to be an impossibility.  Grin

On a side note, if no one spends bitcoin of course the currency eventually dies off.

Not just bitcoins actually it happens with each and every asset. Suppose people stop using gold and women start wearing only diamonds then eventually the price of gold will fall too and become dirt in no time. Anything get's up in the market because the public demand is more and the downfall happens in the opposite situation.
legendary
Activity: 1134
Merit: 1000
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 that is impossible to not spend (change) money in time. Every moment everyone have several needs to fulfill (eating, dressing etc). So for sure need to spend money. As for bitcoin, if the holders of it would prefer to not spend it (always if have fulfilled the above needs) it will be one day in which psychologically will think that the price of that day will worth to change some of his bitcoins to fulfill some desires. This day exist for everyone because everyone have dreams which want to become true.
hero member
Activity: 1372
Merit: 564
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 it will happen. bitcoin will not be circulated . it will stock and the price will either grow or dumped. but i think the demand will increase very much. therefore many people started to sell it higher than before.
legendary
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
if no one spends bitcoin of course the currency eventually dies off.

This is what will happen if no one will spends bitcoin. The economy will die because there's no transaction anymore. What do you expect to happen the price will increase because of the demand? No, bitcoin will surely die because there's no movement as I'm taking literally "if no one spends". That will make bitcoin as nonsense coin.
Yes ,it will die and yet the only reason why bitcoins is high now is because of investors who are looking forward to earn on it. So basically if there's no movement it will only stock up at a price which make bitcoin die .
For any reason if that happens i clearly think that if bitcoin dies still its features will be useful as we getting close to its fast transactions so it will not die ut will be fixed and just a part of remittances.

That's a sure thing to happen, it will die because there's no fluctuation that is happening or even manipulation. But I really doubt that it is going to happen we can see a very big total market cap of it. And it's going to be unbelievable if it is going to die very soon, right now it's opposite if there are people that are not going to spend, they will earn it in the future.

Bitcoin will die only if people will stop using it or if its price goes to back to zero which is impossible to happen as the users of bitcoin are increasing on daily basis which is taking price higher and same will be the scenario in future too.

Yes bitcoin will die by means of it and just like the title says if no one spends. Then that will make people to stop using bitcoin and that will guarantee the death of bitcoin. Because we know that there's no more people that are going to use bitcoin and probably some of us will go back to gold, fiat and other investments that we are getting profit.

Well if nobody spends their bitcoin eventually quantum computers will take out all the funds out and spend them for them  Tongue
hero member
Activity: 2408
Merit: 564
if no one spends bitcoin of course the currency eventually dies off.

This is what will happen if no one will spends bitcoin. The economy will die because there's no transaction anymore. What do you expect to happen the price will increase because of the demand? No, bitcoin will surely die because there's no movement as I'm taking literally "if no one spends". That will make bitcoin as nonsense coin.
Yes ,it will die and yet the only reason why bitcoins is high now is because of investors who are looking forward to earn on it. So basically if there's no movement it will only stock up at a price which make bitcoin die .
For any reason if that happens i clearly think that if bitcoin dies still its features will be useful as we getting close to its fast transactions so it will not die ut will be fixed and just a part of remittances.

That's a sure thing to happen, it will die because there's no fluctuation that is happening or even manipulation. But I really doubt that it is going to happen we can see a very big total market cap of it. And it's going to be unbelievable if it is going to die very soon, right now it's opposite if there are people that are not going to spend, they will earn it in the future.

Bitcoin will die only if people will stop using it or if its price goes to back to zero which is impossible to happen as the users of bitcoin are increasing on daily basis which is taking price higher and same will be the scenario in future too.

Yes bitcoin will die by means of it and just like the title says if no one spends. Then that will make people to stop using bitcoin and that will guarantee the death of bitcoin. Because we know that there's no more people that are going to use bitcoin and probably some of us will go back to gold, fiat and other investments that we are getting profit.
sr. member
Activity: 308
Merit: 250
Well some people will always spend money, if a big proportion of people don't use it, its price will increase until it reaches an equilibrium point.
I think this is not a thing that will happen if no one spend bitcoins or even money in such a time.Price will be just stable i think but will never going to riseup if no one will spend bitcoins or money.There is no demand how come it will rise if no one will spend it.
hero member
Activity: 2842
Merit: 625
No BTC or alt coin!

Yes it is a very simple logic that the most possible result if no one spends bitcoin they are trying to make the existence of bitcoin gone.

The essence of not spending is resulting to make it's appearance lost. I get the point of those people that says it will make the price bigger.

It will but people nowadays are looking for something active and if most of us will do this.

This is going to make bitcoin as a history only and will make it's existence dead very soon.
Yes it will surely makes the bitcoin disappear because most of the potential investors will think that bitcoin is not active because no one is spending it and if that happens then the price in the market will fall down and the bag holders will do a panic selling which is such a bad idea because it will help the price to go down even more.

And the market is playing around with the investors and if big investors starts to back out their funds with bitcoin and look for some other promising coin.

It will be the end of bitcoin, we know that investors / businessmen are into profit and if there's no movement within the market.

That will be signifying that it's market is going to collapse very soon, so that's what I can see if "no one" spends bitcoin anymore.

It's the reality that I can see for it.
sr. member
Activity: 308
Merit: 250
Super Smash Bros. Ultimate Available Now!
if no one spends bitcoin of course the currency eventually dies off.

This is what will happen if no one will spends bitcoin. The economy will die because there's no transaction anymore. What do you expect to happen the price will increase because of the demand? No, bitcoin will surely die because there's no movement as I'm taking literally "if no one spends". That will make bitcoin as nonsense coin.
Yes ,it will die and yet the only reason why bitcoins is high now is because of investors who are looking forward to earn on it. So basically if there's no movement it will only stock up at a price which make bitcoin die .
For any reason if that happens i clearly think that if bitcoin dies still its features will be useful as we getting close to its fast transactions so it will not die ut will be fixed and just a part of remittances.

That's a sure thing to happen, it will die because there's no fluctuation that is happening or even manipulation. But I really doubt that it is going to happen we can see a very big total market cap of it. And it's going to be unbelievable if it is going to die very soon, right now it's opposite if there are people that are not going to spend, they will earn it in the future.

Bitcoin will die only if people will stop using it or if its price goes to back to zero which is impossible to happen as the users of bitcoin are increasing on daily basis which is taking price higher and same will be the scenario in future too.
hero member
Activity: 2408
Merit: 564
if no one spends bitcoin of course the currency eventually dies off.

This is what will happen if no one will spends bitcoin. The economy will die because there's no transaction anymore. What do you expect to happen the price will increase because of the demand? No, bitcoin will surely die because there's no movement as I'm taking literally "if no one spends". That will make bitcoin as nonsense coin.
Yes ,it will die and yet the only reason why bitcoins is high now is because of investors who are looking forward to earn on it. So basically if there's no movement it will only stock up at a price which make bitcoin die .
For any reason if that happens i clearly think that if bitcoin dies still its features will be useful as we getting close to its fast transactions so it will not die ut will be fixed and just a part of remittances.

That's a sure thing to happen, it will die because there's no fluctuation that is happening or even manipulation. But I really doubt that it is going to happen we can see a very big total market cap of it. And it's going to be unbelievable if it is going to die very soon, right now it's opposite if there are people that are not going to spend, they will earn it in the future.
sr. member
Activity: 966
Merit: 274
If nobody spends bitcoins,then the price would remain stable and more retail traders will come forward to accept bitcoin as payment.But traders would lose their interest in bitcoins as they gain profits from bitcoins due to its volatile nature.

Two factors are possible to happen and what you mentioned is one of it but I want to add some, the price will be stable or will possibly pump because of the hoarding scenario and the demand will increase the supply is lessen. The next thing will be, people are going to look for another coin that is next to bitcoin which is good because this might kill the economy.

It will kill Bitcoin as well. People will obviously move on to some other alternative coins may be Eth or litecoin which may have some future, but nothing is permanent here in this world. I think traders will be the first people who will leave bitcoin if the price remained stable for a long time because they need pump and dump to make money.
If that could happen so, it would take years or even decades. Bitcoin and crypto currency is strong yet it's quite too small than fiat money. Thus, there is a little bit chance that bitcoin couldn't be used by people if no one tends to hold it. Howevern if it happen so, crypto currency would still remain since it can be replaced by a crypto currency coin which can stand and functions same like bitcoin.
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