If no one spends bitcoin what might happen? - page 39.

Zionatin

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Quote from: danherbias07 on December 18, 2016, 04:18:43 AM

Quote from: angaper on December 17, 2016, 06:38:18 PM

You can't compare the usual consequences of massive saving in the current financial system which is intended to impulse the massive consumption of goods and services. The bitcoin price has remained completely detached from economic fundamentals.

On the contrary, I think a massive saving and storing of bitcoin can be positive to impulse the price higher because of the lack of supply and an increasing demand.

True but there is also a bad side on just piling up everything. We know bitcoin is not really that popular yet. Yes it will increase in price but with just a number of users. We need more that will adopt and that can be seen if people keep using it and saying "Hey this bitcoin got a lot of features."

It is better for people to use the bitcoin, but it is not so easy now. It takes long time to get confirmation.

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Quote from: angaper on December 17, 2016, 06:38:18 PM

You can't compare the usual consequences of massive saving in the current financial system which is intended to impulse the massive consumption of goods and services. The bitcoin price has remained completely detached from economic fundamentals.

On the contrary, I think a massive saving and storing of bitcoin can be positive to impulse the price higher because of the lack of supply and an increasing demand.

True but there is also a bad side on just piling up everything. We know bitcoin is not really that popular yet. Yes it will increase in price but with just a number of users. We need more that will adopt and that can be seen if people keep using it and saying "Hey this bitcoin got a lot of features."

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Quote from: mrkevio on December 17, 2016, 05:43:38 PM

Nobody spending Bitcoin means no demand, so if fewer people are going to spend it then the price goes down, but if NOBODY does then the price could go down to even $0. It's like it doesn't even exist anymore. Nobody buying phones from a company makes its stock market go down, leading to a possible failure.

Yeah that is just how things simply work. If no one used bitcoin, it would be assumed as something unreal. Its existence would no longer be true. But I think this possibility is quite low, at least in the near future. As bitcoin is having a promising and potential future, people are changing their view of bitcoin and starting to focus more on this cryptocurrency. So bitcoin can not disappear this way, at least for a few more years.

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Quote from: angaper on December 17, 2016, 06:38:18 PM

You can't compare the usual consequences of massive saving in the current financial system which is intended to impulse the massive consumption of goods and services. The bitcoin price has remained completely detached from economic fundamentals.

On the contrary, I think a massive saving and storing of bitcoin can be positive to impulse the price higher because of the lack of supply and an increasing demand.

The trees don't grow to the sky

There should necessarily be a saturation point where the demand will be balanced by the supply, at least until the next halving (which is going to happen only in 2020, if I'm not mistaken). Some people will want to cash out when the price reaches some point, say, $1,000 per bitcoin. And the influx of such people should be expected to increase with the prices going even higher. It would be interesting to determine the exact moment when this new long-term balance is found

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Quote from: friend666 on December 17, 2016, 03:33:47 AM

When there is nobody selling the bitcoin, it will be worthless.
Bitcoin development so far, its demise may be only one: its own problems.

but to me i think first is not possible to stop the use of bitcoin, and it can only be possible if people stop using bitcoin to hold it for its price increase, therefore i think the demand of bitcoin will increase and price will skyrocket .

angaper

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You can't compare the usual consequences of massive saving in the current financial system which is intended to impulse the massive consumption of goods and services. The bitcoin price has remained completely detached from economic fundamentals.

On the contrary, I think a massive saving and storing of bitcoin can be positive to impulse the price higher because of the lack of supply and an increasing demand.

mrkevio

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Nobody spending Bitcoin means no demand, so if fewer people are going to spend it then the price goes down, but if NOBODY does then the price could go down to even $0. It's like it doesn't even exist anymore. Nobody buying phones from a company makes its stock market go down, leading to a possible failure.

jobach

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with simple principle of economics , it will increase because , there are people who are using it , if majority stops using it it will increase in price but as soon as people use it it will balance itself

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Quote from: Betwrong on December 16, 2016, 07:37:34 AM

Quote from: FaucetRank.com on December 16, 2016, 07:27:39 AM

There maybe many assumptions that if nobody spend their Bitcoin then what will happen.
If nobody spend Bitcoin then Bitcoin price will fall because everyone will think that Bitcoin is not circulating in market. Other view maybe that if nobody spend their Bitcoin and the demand keep increasing than the price may go to sky.

I think we are talking here about a situation when almost nobody is spending their coins, because otherwise it would too unrealistic. I agree with your "other view". I think the demand will be always rising with time and if nobody is spending the price will go to the Moon.

Yes, this thing will never happen because bitcoin is money a virtual money that help people for their daily needs if they have good income on that since bitcoin is increasing the spending will also increase the demand will increase.

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Quote from: friend666 on December 17, 2016, 03:33:47 AM

When there is nobody selling the bitcoin, it will be worthless.
Bitcoin development so far, its demise may be only one: its own problems.

With bitcoin that's not the real fact. Bitcoin grew from the scratch of being worthless and slowly it grew to a value storing source. So circulation doesn't make it go worthless, but some impact will be felt.

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Quote from: kryptqnick on July 14, 2016, 06:11:28 AM

Quote from: danherbias07 on July 14, 2016, 05:11:51 AM

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'm not sure about the price but I think it will go down. And yet we have to keep in mind that the price, I guess, will also depend on miners. If noone spends btc but miners mine them, something should happen

The worst case that can happen to bitcoin if no one would use it anymore is it will disappear, maybe temporarily, or maybe forever, unless people would start on using bitcoin again. But I think this scenario that we have been thinking won't happen because bitcoin is already been here in the virtual world for years and still counting. In short, it is proven and tested by every one whoever uses it until now.

NEWGOODOUBLE

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Quote from: friend666 on December 17, 2016, 03:33:47 AM

When there is nobody selling the bitcoin, it will be worthless.
Bitcoin development so far, its demise may be only one: its own problems.

it would be very scary if bitcoin has no buyer. bitcoin sellers will always be there. The most feared is when demand bitcoin to zero
I hope it never happens

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Quote from: johnnyyash on December 17, 2016, 04:31:38 AM

i think it will affect the price and the price will be stuck...there will be decrease in outflow of bitcoin and this will affect a lot of those making use of bitcoin...businesses will be stuck on bitcoin, and it kind of affect those new one's joining or coming into the world of bitcoin!!!!

I am sorry friend but I have different opinion than you, I think if no one spend bitcoin it can make the demand increase than make the price arise so high, but after people see bitcoin price is too high, they will lose interest and worry becouse the price could be fall when the holder do panic selling to get profit. I think bitcoin circulation is needed for future of bitcoin.

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Quote from: calkob on December 17, 2016, 04:39:50 AM

Quote from: danherbias07 on July 14, 2016, 05:11:51 AM

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

Well people dont spend gold anymore either and it hasn't done that any harm, Wink

That's entirely different buddy-gold has much different concept than BTC-BTC has to be in circulation because it's made for it-if everyone holds BTC that means that it will lose it's main idea-to make a change in the means of payment.That's why it's critical for BTC to be in circulation and people to send and receive BTC-that's when BTC is in its true principle and is in its stongest version.

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Quote from: danherbias07 on July 14, 2016, 05:11:51 AM

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

Well people dont spend gold anymore either and it hasn't done that any harm, Wink

johnnyyash

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i think it will affect the price and the price will be stuck...there will be decrease in outflow of bitcoin and this will affect a lot of those making use of bitcoin...businesses will be stuck on bitcoin, and it kind of affect those new one's joining or coming into the world of bitcoin!!!!

friend666

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When there is nobody selling the bitcoin, it will be worthless.
Bitcoin development so far, its demise may be only one: its own problems.

positivezero

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If no spends bitcoin what might happen? well, maybe the price will still become low price at the bottom. And in my opinion, we must spend bitcoin even in a little bit so that the price will not stuck but since we're wise enough and think the things what's the best for it, then it would not really happen that the price will fall down, rather it will increase maybe.

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Quote from: tee-rex on December 15, 2016, 08:50:52 AM

Quote from: Zadicar on December 15, 2016, 08:44:24 AM

Quote from: poplolnman on December 15, 2016, 08:31:15 AM

Quote from: Techie5879 on December 15, 2016, 07:25:23 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.

Yes, the point is we should make sure that bitcoin should circulate to stay alive.
We should consider how will bitcoin grow because in every currency we should not just keep the money alone in our wallet.

R3ffun

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Quote from: danherbias07 on July 14, 2016, 05:11:51 AM

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

may be bitcoin price down! and users bitcoin confused how to do about their coin if price down and user will leave it

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