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Topic: If no one spends bitcoin what might happen? - page 35. (Read 52578 times)

hero member
Activity: 966
Merit: 507
At first, the idea is meaningless because this is an open market where everyone  can do what they want with their bitcoins, so it is impossible to speculate about that scenario where all bitcoin users decide to stop doing bitcoin transactions simultaneously.

But obeying to a simple market logic, a widespread hoarding of a product or good always triggers an  exponential increase in value.
hero member
Activity: 1344
Merit: 565
if this rumour happened, the consumer of bitcoin will go wild to buy anything that can be afford with remain bitcoin
or sell it at very low price to lessen the loss. and all vendor of bitcoin goods will stop the transaction immediately
Selling at low price is selling for a loss, if no one will use then it's useless to buy bitcoins. I think it will not happen because of the strong support of bitcoin, it's still a great value now.
Yes. The support is being the pillar for bitcoin's existence and its huge growth. I am sure the growth is going to be big. There wont be any chance for disappearing. But if it happens, this would happen when none works towards it. The market value is growing day by day and its usage also have become more important as its value has come up. Lets support BTC as we already do.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
if this rumour happened, the consumer of bitcoin will go wild to buy anything that can be afford with remain bitcoin
or sell it at very low price to lessen the loss. and all vendor of bitcoin goods will stop the transaction immediately
Selling at low price is selling for a loss, if no one will use then it's useless to buy bitcoins. I think it will not happen because of the strong support of bitcoin, it's still a great value now.
hero member
Activity: 756
Merit: 500
if this rumour happened, the consumer of bitcoin will go wild to buy anything that can be afford with remain bitcoin
or sell it at very low price to lessen the loss. and all vendor of bitcoin goods will stop the transaction immediately
hero member
Activity: 3024
Merit: 680
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Most likely the bitcoin will go to a lower point and maybe even crash to a very low amount, this can really happen for sure!
of course when no one is doing spending so no sales and purchases occur in the bitcoin market. there is no demand and supply. of course the price will down maybe make bitcoin be dead

Yeah if most of us will not going to use bitcoin, there is no market for it either. But that is a very impossible thing to happen, just look upon the market cap of bitcoin right now. I don't think those investors that invested thousands and millions of dollars will even allow it that no one is going to spend their bitcoins and make bitcoin die.
hero member
Activity: 854
Merit: 1009
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If nobody spends Bitcoin, then the price will skyrocket, because people want to buy it, but nobody is selling.

But due to the pressure of high price, some greedy ass will sell his coins for a huge profit, and then others seeing as the price goes down, others will sell, too.

And then the price will go down.

It is what usually happen, when some big guys don't sell, it makes the price increase, but since there are many big players some of them take advantage of it and drop the price. All of this might end if there are many people who are holding bitcoin. I can't imagine how high the price would increase if there is one holiday that all refuses to sell their coins.  Cheesy

Infinite. Because the demand is constant, and the supply is 0.

That is like dividing for example 1/0, which is technically infinite.


But I highly doubt anybody can resist the urge to sell at 1 million $ / BTC.

hero member
Activity: 798
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If nobody spends Bitcoin, then the price will skyrocket, because people want to buy it, but nobody is selling.

But due to the pressure of high price, some greedy ass will sell his coins for a huge profit, and then others seeing as the price goes down, others will sell, too.

And then the price will go down.

It is what usually happen, when some big guys don't sell, it makes the price increase, but since there are many big players some of them take advantage of it and drop the price. All of this might end if there are many people who are holding bitcoin. I can't imagine how high the price would increase if there is one holiday that all refuses to sell their coins.  Cheesy
hero member
Activity: 2282
Merit: 532
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If no one spends bitcoin what might happen? But the question, is that happening? Of course no! why? because it's not realistic to be happen. Well it's only "IF no one spends" my answer is surely the price value of bitcoin will be stock.
Yes I agree with you, everyone will keep use their bitcoin for fulfil the daily needs or other business. But I think if bitcoin circulation is not good, the hoarder can easily influence bitcoin price.

Agreed, as mentioned bitcoin price gets hold if the circulation didn't happen as expected. At the same circulation won't get hold for a long. At least in the gambling purpose circulation happens. Several gambling websites were responsible for transaction of thousands and thousands of bitcoins. On account of this I believe gambling websites make a big role in the circulation and price of bitcoin.
sr. member
Activity: 476
Merit: 250
Most likely the bitcoin will go to a lower point and maybe even crash to a very low amount, this can really happen for sure!
of course when no one is doing spending so no sales and purchases occur in the bitcoin market. there is no demand and supply. of course the price will down maybe make bitcoin be dead
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
If nobody spends Bitcoin, then the price will skyrocket, because people want to buy it, but nobody is selling.

But due to the pressure of high price, some greedy ass will sell his coins for a huge profit, and then others seeing as the price goes down, others will sell, too.

And then the price will go down.
hero member
Activity: 1554
Merit: 502
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 agree with you.

But in the middle time many new altcoins have already launched and taking world to next level of finance. If Bitcoin will be hold by anyone then other altcoins will start to receive good demand.  And then Bitcoin will become more prime and master currency which will be used to evaluate any altcoin.
sr. member
Activity: 364
Merit: 250
If no one spends bitcoin what might happen? But the question, is that happening? Of course no! why? because it's not realistic to be happen. Well it's only "IF no one spends" my answer is surely the price value of bitcoin will be stock.
Yes I agree with you, everyone will keep use their bitcoin for fulfil the daily needs or other business. But I think if bitcoin circulation is not good, the hoarder can easily influence bitcoin price.
hero member
Activity: 1022
Merit: 500
If no one spends bitcoin what might happen? But the question, is that happening? Of course no! why? because it's not realistic to be happen. Well it's only "IF no one spends" my answer is surely the price value of bitcoin will be stock.
legendary
Activity: 1050
Merit: 1001
do not panic all goes well, the next stop would be 1500$ after correcting for 900$
I will bet on your prediction, I will hold now.

Lets hope on that, I do not think that this can happen but we will see what the future brings us.
I told you guys there will be a correction after hit the highest price ever in history.
$1100 down to $900 and bounce back later yo $1300 to stay for quite long time at $1200 price or so.
I think almost impossible for everyone just to hold bitcoin only such as gold, at least a lot of people will try to make money through the volatile price.
copper member
Activity: 2800
Merit: 1268
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do not panic all goes well, the next stop would be 1500$ after correcting for 900$
I will bet on your prediction, I will hold now.

Lets hope on that, I do not think that this can happen but we will see what the future brings us.

Those people who got panicked or just get excited upon reaching the $1,000 price of bitcoin sold their bitcoins immediately. Just keep on holding don't spend at all or sell it because I'm believing that the price is going to reach higher than its peak that happened way back few days ago. But it is not that bad to spend some for trading or gambling. Cheesy

Maybe that's why the price lowered and then they would want to hold it first but they can't because they sold it already. The peak has yet to come, I believe, and itis good to earn through trading or gambling as well. Just keep bitcoins and your time will come.
member
Activity: 93
Merit: 10
do not panic all goes well, the next stop would be 1500$ after correcting for 900$
I will bet on your prediction, I will hold now.

Lets hope on that, I do not think that this can happen but we will see what the future brings us.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
do not panic all goes well, the next stop would be 1500$ after correcting for 900$
I will bet on your prediction, I will hold now.
sr. member
Activity: 434
Merit: 250
do not panic all goes well, the next stop would be 1500$ after correcting for 900$
hero member
Activity: 700
Merit: 500
Most likely the bitcoin will go to a lower point and maybe even crash to a very low amount, this can really happen for sure!
Yeah that will most likely happen if everyone just holds their Bitcoin for a price rise. Hopefully that never happens because it sort of ruins the point of a currency. A currency is made to be spent.
legendary
Activity: 3080
Merit: 1353
Most likely the bitcoin will go to a lower point and maybe even crash to a very low amount, this can really happen for sure!
i think it will be hype if no one will spend it and just hold it and wait for a good price before trading or using it, bitcoin really giving good indication as one of the best investment i'm sure with the price right now most of the traders already using or exchanging it to take the advantage and generates income.
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