If no one spends bitcoin what might happen? - page 37.

Harlot

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Quote from: raven7886 on December 25, 2016, 02:30:58 PM

Quote from: salmanahmedone on December 24, 2016, 08:54:32 AM

We should know that to increase its value our money should be out of our pocket and circulate in the economy
like in real economy

If people start holding their bitcoin the price will go up , but that doesn’t mean that it will stay going up instead at some point the price will go down and this is mainly due to the reason that there will demand on bitcoin and if the price goes really high they will lose that demand and that is why there bitcoin community is divided between spenders and the one that saves it.

It does not matter if you spend or hold your Bitcoin ( It does not affect the price of it). What matters is the the demand and supply of it. We all know that Bitcoin is limited to only 21,000,000. It's only a matter of time that all of it will be mined out and many people will hoard it up for its price to increase.

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Quote from: salmanahmedone on December 24, 2016, 08:54:32 AM

We should know that to increase its value our money should be out of our pocket and circulate in the economy
like in real economy

If people start holding their bitcoin the price will go up , but that doesn’t mean that it will stay going up instead at some point the price will go down and this is mainly due to the reason that there will demand on bitcoin and if the price goes really high they will lose that demand and that is why there bitcoin community is divided between spenders and the one that saves it.

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Quote from: salmanahmedone on December 24, 2016, 08:54:32 AM

We should know that to increase its value our money should be out of our pocket and circulate in the economy
like in real economy

Though it is important for bitcoin economy that most of the bitcoins should be in circulation but i don't think that just because if some of us hold some of our coins the economy will be affected at all.. because we don't hold hundreds or thousands of bitcoin and nor we can because at the end of the day we will have to use them somewhere..

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Quote from: Zadicar on December 21, 2016, 05:48:46 AM

Quote from: rajasumi2 on December 20, 2016, 11:15:22 PM

If no one spends bitcoins at all then the price of bitcoins will rise a lot .well thats not gonna happen near soon as people reply on bitcoins a lot for their daily uses and people who want to be rich a lot in the future wil not be using bitcoins.

I dont think soo that the price will rise up if no one spends bitcoin since there no activity on bitcoins ecosystem and also this thing would possible if the demand would arise and the supply would froze then thats the time that price will increase too.Bitcoin could possibly make us rich and it depend on how much we do have it.

Yes, the demand of bitcoin will decrease, but I guess people won't make that thing happen because we all want to make the price or value of bitcoin to rise up that is why bitcoin will be continue increasing. And the current price also shows the interest of people towards bitcoins.

macspeed

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clearly the bitcoin is in a huge bubble territory, don't expect bitcoin to be accepted or widely used even in long periods... even more tighter regulations to begin all over on the bitcoins from china, india to usa etc.....

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We should know that to increase its value our money should be out of our pocket and circulate in the economy
like in real economy

salmanahmedone

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Quote from: tee-rex on December 15, 2016, 07:50:52 AM

Quote from: Zadicar on December 15, 2016, 07:44:24 AM

Quote from: poplolnman on December 15, 2016, 07:31:15 AM

Quote from: Techie5879 on December 15, 2016, 06:25:23 AM

Well, the price is going to remain stable, wont increase wont decrease. Thats for sure. However, something major, like the bitcoin collapse might also happen, and gold/silver or just simple fiat might replace bitcoin. The industries that depend almost/fully on bitcoin will undergo a huge loss and shut down (most likely).

are you sure? what would happened if then most bitcoin holder sell their bitcoin due there is no price movement? would it be still remain the same? no, i don't think so. bitcoin would never have a stable price no matter what , as it's designed to be like that. if then there is a lacks of spending, i believe the end of bitcoin are really near.

If no one spends their bitcoin it wont really be consider as dead since people are still keeping it since it has a value. If no one spends then theres only a minimal movement on bitcoins price and we wont see any major increase or decrease.

It is more likely the price will go down in the long haul. If people simply hold bitcoins without spending, it would be the same as if there were no bitcoins at all, and people that might want to buy a few bitcoins will soon forget about Bitcoin and just walk away. In my view, excessive hoarding can be detrimental to Bitcoin ecosystem, Bitcoin should circulate to stay alive.

To grow bitcoin and to make it higher value spend it to something it is worth spending like investing so you can earn at the same time.

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Quote from: bncbnc on December 21, 2016, 04:50:34 PM

Quote from: Rinder on December 21, 2016, 10:52:15 AM

This would cause a big bubble, if no one spends or use their bitcoin, soo a single person could manipulate bitcoin, a panic seller would show off and make bitcoin dump under 400 very fast, this is something i doubt will happen, since we all do have a big interest into our bitcoins, and we always searching some place to invest those coins.

but i think it is not so easy, we can see that the bitcoin users are increasing from time to time, therefore bitcoin is not going to fell down, instead we can expect that the price of bitcoin will increase from time to time.

I always like to see that happen all the time, I guess our effort have already paid or paying us with the increasing price of bitcoin now. That is the result of the continuous circulation of bitcoin and with the topic, I guess it will not happen soon.

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Quote from: Rinder on December 21, 2016, 10:52:15 AM

This would cause a big bubble, if no one spends or use their bitcoin, soo a single person could manipulate bitcoin, a panic seller would show off and make bitcoin dump under 400 very fast, this is something i doubt will happen, since we all do have a big interest into our bitcoins, and we always searching some place to invest those coins.

but i think it is not so easy, we can see that the bitcoin users are increasing from time to time, therefore bitcoin is not going to fell down, instead we can expect that the price of bitcoin will increase from time to time.

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Bitcoin is digital gold, so ask yourself why is real gold so valuable?

Rinder

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This would cause a big bubble, if no one spends or use their bitcoin, soo a single person could manipulate bitcoin, a panic seller would show off and make bitcoin dump under 400 very fast, this is something i doubt will happen, since we all do have a big interest into our bitcoins, and we always searching some place to invest those coins.

Capradina

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Quote from: Text on December 21, 2016, 08:44:56 AM

There is only a one way direction if no one spends bitcoin, the process will be destroyed and that is not the real function of bitcoin. But it is impossible to happen because almost users spend their coins to provide their needs and wants.

All of the systems that we use in the bitcoin is an advantages and disadvantages for those who could not get a lot of good thinking. For those with very short minded or can't see what something widely then they will think that bitcoin is a digital currency that is very dangerous and is not beneficial, and to spend the bitcoin we should be able to know how butuhnya or whatever we need. For if we are too wasteful, so will never know or get more benefits from the present in the future

Text

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There is only a one way direction if no one spends bitcoin, the process will be destroyed and that is not the real function of bitcoin. But it is impossible to happen because almost users spend their coins to provide their needs and wants.

Dmitry.Vastov

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If no one dont spend bitcoin. I think the price of bitcoin will really sky high. Since its not a normal currency that in cycles. Bitcoin when you use it. It will gone forever. Thats why its okay to keep bitcoin for a long time. But i dont think that will happen. Whats the use of bitcoin if you dont want spend it? And i think you cant controll yourself when its price is really high. It will tempt you and end up using it.

PacePay

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Quote from: ilovefeetsmell on December 21, 2016, 08:05:00 AM

What might happen if no one spends their bitcoins? Maybe our economy became unbalance. There's a lot of possibilities to crash down our economy. Bitcoin is one of our sources of income and it is also part our currency today. Others, maybe increase debts, price increase, poverty increase and so on.

You have a very nice reply. I also though that yes bitcoin is nowadays the part of the whole world economy just look at the market cap of bitcoin which shows that it is fully integrated in our global economy and if no one will use it then a half part of our economy will become numb and there will be a high lost to the users of bitcoin.

ilovefeetsmell

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What might happen if no one spends their bitcoins? Maybe our economy became unbalance. There's a lot of possibilities to crash down our economy. Bitcoin is one of our sources of income and it is also part our currency today. Others, maybe increase debts, price increase, poverty increase and so on.

virtualkeybuyer

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Quote from: Zadicar on December 21, 2016, 05:48:46 AM

Quote from: rajasumi2 on December 20, 2016, 11:15:22 PM

If no one spends bitcoins at all then the price of bitcoins will rise a lot .well thats not gonna happen near soon as people reply on bitcoins a lot for their daily uses and people who want to be rich a lot in the future wil not be using bitcoins.

I dont think soo that the price will rise up if no one spends bitcoin since there no activity on bitcoins ecosystem and also this thing would possible if the demand would arise and the supply would froze then thats the time that price will increase too.Bitcoin could possibly make us rich and it depend on how much we do have it.

yes if everyone do not spend bitcoin then the the shops and other companies will not accept bitcoin and the demand will not be much high because of that poor ecosystem of bitcoin and in that way the price of bitcoin will decrease and people will then do not wait for more with their bitcoins. So it is better that bitcoin is used as a currency for its success.

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Quote from: NEWGOODOUBLE on December 21, 2016, 06:06:57 AM

Quote from: Zadicar on December 21, 2016, 05:48:46 AM

Quote from: rajasumi2 on December 20, 2016, 11:15:22 PM

If no one spends bitcoins at all then the price of bitcoins will rise a lot .well thats not gonna happen near soon as people reply on bitcoins a lot for their daily uses and people who want to be rich a lot in the future wil not be using bitcoins.

I dont think soo that the price will rise up if no one spends bitcoin since there no activity on bitcoins ecosystem and also this thing would possible if the demand would arise and the supply would froze then thats the time that price will increase too.Bitcoin could possibly make us rich and it depend on how much we do have it.

I think if there is no turnaround in the market price of course bitcoin bitcoin will stop, unless the market more people are selling than the demand is there, of course the price will go down. but I think certainly there will always be people spending bitcoin

If the confirmation time is too long, people will not use it.

NEWGOODOUBLE

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Quote from: Zadicar on December 21, 2016, 05:48:46 AM

Quote from: rajasumi2 on December 20, 2016, 11:15:22 PM

If no one spends bitcoins at all then the price of bitcoins will rise a lot .well thats not gonna happen near soon as people reply on bitcoins a lot for their daily uses and people who want to be rich a lot in the future wil not be using bitcoins.

I dont think soo that the price will rise up if no one spends bitcoin since there no activity on bitcoins ecosystem and also this thing would possible if the demand would arise and the supply would froze then thats the time that price will increase too.Bitcoin could possibly make us rich and it depend on how much we do have it.

I think if there is no turnaround in the market price of course bitcoin bitcoin will stop, unless the market more people are selling than the demand is there, of course the price will go down. but I think certainly there will always be people spending bitcoin

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Quote from: rajasumi2 on December 20, 2016, 11:15:22 PM

If no one spends bitcoins at all then the price of bitcoins will rise a lot .well thats not gonna happen near soon as people reply on bitcoins a lot for their daily uses and people who want to be rich a lot in the future wil not be using bitcoins.

I dont think soo that the price will rise up if no one spends bitcoin since there no activity on bitcoins ecosystem and also this thing would possible if the demand would arise and the supply would froze then thats the time that price will increase too.Bitcoin could possibly make us rich and it depend on how much we do have it.

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