Topic: If no one spends bitcoin what might happen? - page 27. (Read 52621 times)
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.
What you suggested seems to be an impossibility. 
On a side note, if no one spends bitcoin of course the currency eventually dies off.
On a side note, if no one spends bitcoin of course the currency eventually dies off.
True, there will be no supply in the system and we all know the fluctuations are driven by the demand and supply and so if there's no demand or supply then it's dead like you say.
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.
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.
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.
What you suggested seems to be an impossibility.
On a side note, if no one spends bitcoin of course the currency eventually dies off.
On a side note, if no one spends bitcoin of course the currency eventually dies off.
For me, i think that's kind of impossible to happen bcoz the reason why we earn is because we want to have something to spend. If not now, then surely later, others may take longer, others earlier, some even instantly after earning. Depends on the income and situations.. that's why i think its really impossible.
But to satisfy the question; if it ever happens then i agree with the others that its value might drop drastically. Worse case senario, would be off to no value at all.
Why do you think that Bitcoin's value will drop drastically? The amount of money that is within the order books will stay the same if there was only one person managing it. If there wasn't anybody interested in purchasing the coin then the order book would stay at the same value as it last was -the order books won't matter.But to satisfy the question; if it ever happens then i agree with the others that its value might drop drastically. Worse case senario, would be off to no value at all.
Bitcoin being killed off isn't impossible, it just requires a bunch of work. It isn't really worth it.
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.
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.
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 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.
Well, according to the law of supply and demand, in such a scenario the price would rise. Bitcoin is already a scarce currency, and this would further limit supply in the market, causing a large price increase, if there were no drop in demand.
but if no one will use bitcoin then there is a risk that a drop in demand occur because suppose if people will not use bitcoin then the companies and market will not feel it as necessary currency and will not give it preference in their market and gradually peple will start to not buying bitcoin and the demand will decrease while if there will be its use the demand will be increased.
For me, i think that's kind of impossible to happen bcoz the reason why we earn is because we want to have something to spend. If not now, then surely later, others may take longer, others earlier, some even instantly after earning. Depends on the income and situations.. that's why i think its really impossible.
But to satisfy the question; if it ever happens then i agree with the others that its value might drop drastically. Worse case senario, would be off to no value at all.
But to satisfy the question; if it ever happens then i agree with the others that its value might drop drastically. Worse case senario, would be off to no value at all.
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
No BTC or alt coin! 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, according to the law of supply and demand, in such a scenario the price would rise. Bitcoin is already a scarce currency, and this would further limit supply in the market, causing a large price increase, if there were no drop in demand.
but if no one will use bitcoin then there is a risk that a drop in demand occur because suppose if people will not use bitcoin then the companies and market will not feel it as necessary currency and will not give it preference in their market and gradually peple will start to not buying bitcoin and the demand will decrease while if there will be its use the demand will be increased.Well, according to the law of supply and demand, in such a scenario the price would rise. Bitcoin is already a scarce currency, and this would further limit supply in the market, causing a large price increase, if there were no drop in demand.
but if no one will use bitcoin then there is a risk that a drop in demand occur because suppose if people will not use bitcoin then the companies and market will not feel it as necessary currency and will not give it preference in their market and gradually peple will start to not buying bitcoin and the demand will decrease while if there will be its use the demand will be increased. 
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 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. 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
These is the reason why sometimes the price go up and the price go down, many bitcoin users store their bitcoins unto their wallet not spending it making the price of bitcoin decreasing or going down, well it is all about the liquidity of bitcoin in the market. If oone uses bitcoin or spend it, the price will go down, but the thing about bitcoin users are, when the bitcoin price goes down, the users abuse the price and buy a lot making the price increasing again, but in the scenario of noone will spend it, its price will be falling down, face front.
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
You mean all of a sudden will be stop?I think it will be hang or hold, and the price value will also be freeze. If that happen, well, I agreed on what others said it will be boring at all.
When no one will be spending their Bitcoin that is akin to hoarding and when there is hoarding the price will always go up because you are affecting the liquidity of the market and then scarcity will set in. That is why trading is a big factor for financial successful of any country and that can also extend to us individually. I hope to have Bitcoin that I can also spend with.
I agree, actually when the big whales, the ones that have the biggest cap of bitcoin decide to take the price to go up they start holding, and that affect the demand, because how all the markets work is there is a supply and a demand, and when the supply stops the demand rises so the price do too and that is essentially what happens when no one spends bitcoin. 
When no one will be spending their Bitcoin that is akin to hoarding and when there is hoarding the price will always go up because you are affecting the liquidity of the market and then scarcity will set in. That is why trading is a big factor for financial successful of any country and that can also extend to us individually. I hope to have Bitcoin that I can also spend with.
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