:)The market is still doing it jobs. There are one rule will happen. Order and demand rule.
So if lot of people us saving 70% or more, and peoples in china need to buy bitcoin for 40% or more. The price will be rise up.
Topic: If no one spends bitcoin what might happen? - page 28. (Read 52621 times)
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
Not so much the price as its volatility
And the recent price rise that we have seen lately confirms just that. This rise itself means that demand outweighs supply, so we can witness with our own eyes how the events described in the OP would unfold (a small version of them). At first we make a series of ATH's but soon volatility kicks in and we see severe corrections (if not crashes). That will just make Bitcoin more speculative than it is already. Such price swings are good for short-term profits but I don't think they are good for Bitcoin in the long run
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
If no one spend bitcoins, perhaps price value will drop little by little. Then, if ever this continue no one is spending it to use it, there is a chance that it will downfall to zero value.
I don't think that the price of Bitcoin will drop little by little just because nobody is purchasing Bitcoin.
Bitcoin will either have no value immediately because there won't be any people to dump the coins on and if there is only one purchaser then it depends on how much money that person has and is willing to put inside the Orderbook. That person will have the opportunity to manipulate Bitcoin Orderbooks and put the price at whatever amount that he wants and Bitcoin will remain at that price until someone decides on purchasing a coin.
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
If no one spend bitcoins, perhaps price value will drop little by little. Then, if ever this continue no one is spending it to use it, there is a chance that it will downfall to zero value.
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.
No one "spends" gold, in terms of everyday purchases.
If no one spends bitcoin, the price of bitcoin will still the same or the price of bitcoin will decrease. Traders are knew about that because that is the one of the tricks and need to be a great trader. So that you will not lose in trading cause you got the perfect
timing.
if people are holding bitcoin and not going to sell it then the price of bitcoin is going to increase more and more, but if people will not giving importance to bitcoin then bitcoin price will start decreasing. timing.
I think for now there will be just a little effect if no one spends it.
A lot of bitcoin users that I have talked to are encouraging to hold it more and be patient about the price.
I think they want to minimize the amount that could be bought to make it more rare. Just like other items.
That is a good plan but will it really work. I think we cant force others if they do want to use bitcoin as something else.
A lot of bitcoin users that I have talked to are encouraging to hold it more and be patient about the price.
I think they want to minimize the amount that could be bought to make it more rare. Just like other items.
That is a good plan but will it really work. I think we cant force others if they do want to use bitcoin as something else.
If no one spends bitcoin, the price of bitcoin will still the same or the price of bitcoin will decrease. Traders are knew about that because that is the one of the tricks and need to be a great trader. So that you will not lose in trading cause you got the perfect
timing.
timing.
With time value will go down, if you don`t use something that will be forgotten. I didn`t saw any trader that speak about what you talking now, almost all of them are selling when its high and they buy again when its high, and they call that shortage if I understand all that correctly, if I`m wrong tell me.
And how do you mean he will not lose in trading cause he got something perfect, you are talking about classical saving, and trading is constantly selling and buying.
At this stage its impossible to stop trading and spending with bitcoin, i doubt anyone will stop buying and selling knowing that the coin is worthing 1200 dollars, its like win lotery and dont claim the prize.
Bitcoin might find some big issue over the time, something that the core should handle fast as possible, but even with some issue bitcoin remains strong and its hard to believe from one moment to another people will left it.
although it is now becoming more and more difficult to stop people from using bitcoin. but still perhaps people stop using bitcoin , then there are can be one possibility and that is the bitcoin will become useless. but hope this will never happen. Bitcoin might find some big issue over the time, something that the core should handle fast as possible, but even with some issue bitcoin remains strong and its hard to believe from one moment to another people will left it.
People who have bitcoins in their wallet will surely use them and they might not sell their bitcoins but they would surely use them in trading and gambling sites to earn more bitcoins so I don't think that people will prefer to keep their coins simply idle in their wallet.
If no one spends bitcoin, the price of bitcoin will still the same or the price of bitcoin will decrease. Traders are knew about that because that is the one of the tricks and need to be a great trader. So that you will not lose in trading cause you got the perfect
timing.
timing.
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 it happen then I am sure that the price of the bitcoin will jump to high peak .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
And also I am sure that I will not happen
Because hold the bitcoin by about all.of the bitcoiners is impossible because most of the bitcoiners needed to make transactions from wallet to wallet and exchange to wallet and also making transaction for the day trading with Bitcoin to make profit , So here day trader atleast will not hold his bitcoin in his wallet for long time . 
Bitcoin will be useless if everyone stop from supporting it, if there's a new system which is better from it. But it will not happen for now because BTC is beneficial and has a great potential for long term. If an altcoin replaces the position of bitcoin then it would slowly down until user stop using it.
Yes, this is the possible thing that will happen to bitcoin no one spends bitcoin right away. And besides, there will be no transaction that is happening so adoption is going to be cut and that will make bitcoin to be dead very soon. That's why spending is very important, so we really need to do spend our coins for adoption.
At this stage its impossible to stop trading and spending with bitcoin, i doubt anyone will stop buying and selling knowing that the coin is worthing 1200 dollars, its like win lotery and dont claim the prize.
Bitcoin might find some big issue over the time, something that the core should handle fast as possible, but even with some issue bitcoin remains strong and its hard to believe from one moment to another people will left it.
although it is now becoming more and more difficult to stop people from using bitcoin. but still perhaps people stop using bitcoin , then there are can be one possibility and that is the bitcoin will become useless. but hope this will never happen. Bitcoin might find some big issue over the time, something that the core should handle fast as possible, but even with some issue bitcoin remains strong and its hard to believe from one moment to another people will left it.
First of all this is a very hypothetical situation that ,
Every one stops using bitcoins.
I don't think it is ever going to happen .
But let us consider it as a special case and think about it,
I think the prices of BTC will go down as it will loose it's worth as a currency ,
This is because then there would be,
some other form of currency that might replace bitcoins.
Every one stops using bitcoins.
I don't think it is ever going to happen .
But let us consider it as a special case and think about it,
I think the prices of BTC will go down as it will loose it's worth as a currency ,
This is because then there would be,
some other form of currency that might replace bitcoins.
If no one spends bitcoin then it's price will be zero.Because if no one spend BTC then treading will be stopped then how can increase its price? So the price will be zero.But the fact is, its can not possible to stop using bitcoin.Now a days the popularity of bitcoin is increasing day by day and i think it is too difficult to stop spending or using bitcoin.
What would happen if people would not spend Bitcoin on products or services, or, what would happen if people don't sell their Bitcoins? If people don't buy things (spend) with Bitcoin, then it would become less and less relevant for companies, and companies wouldn't invest into offering it as a form of payment.
If people don't sell their Bitcoin is a different issue. If all people just buy Bitcoin without selling any of it, this would cause a huge appreciation in the value of Bitcoin. But practically, there would always be people (investors) who will sell the Bitcoins that they've bought. The reason for this is because they would have defined a profit objective, and as the price of Bitcoin rises they'll sell their Bitcoins to collect their profits.
If nobody spends any Bitcoins then the price of Bitcoin will drop because there wouldn't be anyone trying to purchase it. That reasoning only works with the scenario of people trying to spend Bitcoin and they can't transfer payments because of a stuck transaction or something similar to it. Once Blockchain stops working then nobody would want to hold onto it because the math just isn't there anymore.
There is a few people that can transfer without the need of a Blockchain confirmation though that is only with trust.
There is a few people that can transfer without the need of a Blockchain confirmation though that is only with trust.
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
The prices wont affect much according to me. They will remain constant and will continue the way it would go. The only thing that might happen is that the firms which used to accept bitcoin will no longer accept bitcoin as not much users might be using bitcoin according to the given condition above.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 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.
And i totally agree with you. No Matter what happens people will never stop using bitcoin. If no one spends bitcoin then it's price will be zero.Because if no one spend BTC then treading will be stopped then how can increase its price? So the price will be zero.But the fact is, its can not possible to stop using bitcoin.Now a days the popularity of bitcoin is increasing day by day and i think it is too difficult to stop spending or using bitcoin.
Perfectly said the value of Bitcoin wont be this much if their is no spending or usage of Bitcoin, who ever can buy some goods with bitcoin are using it directly balance every one are converting it to fiat currency and using it so bitcoin will be always used and even their are so many traders who are doing trading and earning a lot.
If no one spends bitcoin then it's price will be zero.Because if no one spend BTC then treading will be stopped then how can increase its price? So the price will be zero.But the fact is, its can not possible to stop using bitcoin.Now a days the popularity of bitcoin is increasing day by day and i think it is too difficult to stop spending or using bitcoin.
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