If no one spends bitcoin what might happen? - page 41.

crypto1010

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Quote from: dihari on December 15, 2016, 03:07:00 AM

Bitcoin is getting strong day by day because we can spend it with easy way.
The more business that except bitcoin, the strong bitcoin will be.

If bitcoin is not being spent it means its losing value and weaken but if people use it and more business entities choose to accept it it will be more valuable and trade for a higher price too

dihari

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Bitcoin is getting strong day by day because we can spend it with easy way.
The more business that except bitcoin, the strong bitcoin will be.

danherbias07

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Quote from: pooya87 on December 15, 2016, 01:20:48 AM

Quote from: Sundark on December 14, 2016, 11:44:03 PM

I see people compare bitcoin to gold. So if we are at it why don't go with this analogy even further.
I don't see many people spending gold either - they buy gold (usually jewelry) and keep it usually for rest of their lives.
Gold price seems not to be wavering because of this - so why with bitcoin it should be different?

the comparison is wrong in many aspects.
gold has been around for ages while bitcoin is still so young and we even call it beta still.
gold can not be spent, it is not 1950s. you can not go to a shop and buy a beverage and pay with gold dust. but you can do it with bitcoin. in other words bitcoin has investment feature of gold with additional benefits of being a currency to spend easily.
and the price is volatile because of what i said earlier: it is still young and the market is small.

This is true. But there is this thing called being innocent with technology that is why many will still accept that gold rather than bitcoin. You trade an item for gold and many will understand and will still go for it.

pooya87

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Quote from: Sundark on December 14, 2016, 11:44:03 PM

I see people compare bitcoin to gold. So if we are at it why don't go with this analogy even further.
I don't see many people spending gold either - they buy gold (usually jewelry) and keep it usually for rest of their lives.
Gold price seems not to be wavering because of this - so why with bitcoin it should be different?

the comparison is wrong in many aspects.
gold has been around for ages while bitcoin is still so young and we even call it beta still.
gold can not be spent, it is not 1950s. you can not go to a shop and buy a beverage and pay with gold dust. but you can do it with bitcoin. in other words bitcoin has investment feature of gold with additional benefits of being a currency to spend easily.
and the price is volatile because of what i said earlier: it is still young and the market is small.

Botnake

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If no one will spend bitcoin then there is no circulation that is going to happen and maybe the reason is because bitcoin is dead and people does not like the value of bitcoins they are holding. I hope it will not happen in the future, what we are seeing actually is not the volume of what we are holding but definitely the value of it.

foladgoad

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You should have played online games. Between the players, a number of equipment to sell how much money, or a number of how much money to sell, so that the situation should be seen. Bitcoin is what, is such a virtual goods. An online game, if the gas, no one to play, before thousands of accounts or equipment is not worth a penny. Bitcoin such virtual goods is also like this.

Sundark

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I see people compare bitcoin to gold. So if we are at it why don't go with this analogy even further.
I don't see many people spending gold either - they buy gold (usually jewelry) and keep it usually for rest of their lives.
Gold price seems not to be wavering because of this - so why with bitcoin it should be different?

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Quote from: MMA on December 14, 2016, 01:34:52 PM

Quote from: Rizky Aditya on December 11, 2016, 02:06:48 AM

Why would you buy Bitcoin and then not spend it? I get that some people keep it as an investment, but some will always use it to buy things. Even if people aren't buying it, they are earning Bitcoin which helps circulate it with different people.

in fact in present time most of the people are using bitcoin as investment, and they are welling to hold bitcoin tell the price increase, but no one is welling to hold it for ever and not sell it, in future i think people will start using bitcoin as currency as bitcoin shops will be present everywhere.

Yeah, I can hold as well. I believe it will be more valuable in the future, bitcoin will be the future of crypto currency and that is the promise I am holding why I trust my investment with bitcoin. And since some have reach their dreams here, it's possible I can have mind too.

MMA

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Quote from: Rizky Aditya on December 11, 2016, 02:06:48 AM

Why would you buy Bitcoin and then not spend it? I get that some people keep it as an investment, but some will always use it to buy things. Even if people aren't buying it, they are earning Bitcoin which helps circulate it with different people.

in fact in present time most of the people are using bitcoin as investment, and they are welling to hold bitcoin tell the price increase, but no one is welling to hold it for ever and not sell it, in future i think people will start using bitcoin as currency as bitcoin shops will be present everywhere.

Mbokani

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Quote from: triasel on December 14, 2016, 08:27:51 AM

i think this is not happened bacause many people use bitcoin as their income , buy rice and daily need other ! if they spend it, what are they eat?

i never knew that you could purchase rise with bitcoins Cheesy

which grocery shop is accepting bitcoin for rice and which country you are talking about.If people could spend bitcoin that easily in every store then it is a good growth in terms of market penetration .

ice098

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The one of the possibilities that might happen is that bitcoin would disappear if no one would use it in the future on even now, because there is no reason anymore to exist if no one ever needs you or using you, right? Anyway, I know that this wouldn't happen in the future because people adore bitcoin more than they love cash. Bitcoin is impossible to disappear because of it's impact on people and because of its solidity.

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Quote from: mace15 on December 11, 2016, 10:57:25 AM

If no one wouod spends bitcoin, the economics is not
good. This is one of the downfall in the market. If
then no one will patronize bitcoin, demand or supply
will decrease.

There are several stages that will happen when a supply is halted. The first stage would be demand pile up. Due to the growing demands and limited supply, price will surely increase. This will continue until the breaking point where people will look for an alternative. During this time, price increase will slowly get stagnant because of the interest of people is redirected to other things. And when people lost their interest to bitcoin, buy demands will then removed and put to other things resulting to the start of decline of Bitcoin price until to the point that bitcoin become worthless. At the end when bitcoin do not move, it will become worthless because of the alternatives that can be use in place of it.

Yutikas_11920

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Quote from: triasel on December 14, 2016, 08:35:48 AM

Quote from: Rizky Aditya on December 11, 2016, 02:06:48 AM

Why would you buy Bitcoin and then not spend it? I get that some people keep it as an investment, but some will always use it to buy things. Even if people aren't buying it, they are earning Bitcoin which helps circulate it with different people.

yes , many people more love to save it , why ? because for investment just little person use bitcoin to buy things

You are so right. Because the bitcoin is a more profitable and much more fun than if we're saving up or make a deposit in the bank. In addition to this investment we are doing in the bitcoin, we can use all the money that we have freely without any pieces or the existence of a restriction of the use of the money we have. Everything is better than in the bank. Bitcoin is going to be the biggest currency and will be a solution of all the problems that often occur in this

triasel

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Quote from: Rizky Aditya on December 11, 2016, 02:06:48 AM

Why would you buy Bitcoin and then not spend it? I get that some people keep it as an investment, but some will always use it to buy things. Even if people aren't buying it, they are earning Bitcoin which helps circulate it with different people.

yes , many people more love to save it , why ? because for investment just little person use bitcoin to buy things

triasel

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i think this is not happened bacause many people use bitcoin as their income , buy rice and daily need other ! if they spend it, what are they eat?

mace15

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If no one wouod spends bitcoin, the economics is not
good. This is one of the downfall in the market. If
then no one will patronize bitcoin, demand or supply
will decrease.

passwordnow

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Quote from: Yutikas_11920 on December 09, 2016, 07:09:49 AM

Quote from: HatakeKakashi on December 09, 2016, 03:49:29 AM

Quote from: passwordnow on December 09, 2016, 03:35:28 AM

If no one spends bitcoin then the world is destroyed for there is no more interest with bitcoin. And bitcoins value will be $0.00000000 believe me that it will happen if no one spends bitcoin. But with what's happening now, I don't know if that is possible to happen for the demand of bitcoin is increasing rapidly and there is always a price movement.

Yes bro your right if no one spend Bitcoin the Bitcoin price will no value or $0. If many people using Bitcoin it will increasing the price . but as of now I don't think will happen also because can you see how much the Bitcoin price is very good and very stable . millions of people using and trust Bitcoin right now . and I hope many people will know about bitcoin and i hope many big investor will invest. Bitcoin is for the whole world is for all people and bitcoin gives opportunity to us to earn money.

It is indeed something the law of nature and the laws of economics. Indeed the price of bitcoin will be very low if there will be people who want to buy it and spend all the rest of that exists in the bitcoin. It's all something that is reasonable, but it's also not going to happen in the bitcoin. Because I see the bitcoin has huge potential and will give us a very good profit for everyone. Now we have to always think positively in order to get the great spirit

Yes, it is impossible to happen that bitcoin will not be used by many people. Of course we are seeing what is happening with bitcoin now and its price is getting higher and higher as the days goes by. So that we don't even need to think about it and let's just keep on saving and holding a lot of bitcoins until the price gets higher.

Rizky Aditya

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Why would you buy Bitcoin and then not spend it? I get that some people keep it as an investment, but some will always use it to buy things. Even if people aren't buying it, they are earning Bitcoin which helps circulate it with different people.

Babayega31

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Quote from: jackydm168 on December 10, 2016, 11:22:22 PM

If no one spends bitcoin , it will not help in rising the bitcoin price .Soon the price will go down because people will lose interest in bitcoin。Finally bitcoin completely lost value, collapse.

If we dont spend bitcoin, there would be possible fall of its cryptocurrency economics and bitcoin exchange rate has no price movement whether it goes up or down. Tradings of altcoins will be primarily affected if ever demand falls due to unspending because trading markets rely on the selling and buying of altcoins which is a part of spending different optional ways like cashing out and payments online.

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Quote from: hawkins on December 10, 2016, 09:53:38 PM

Quote from: betlord90 on December 10, 2016, 09:46:33 PM

Or maybe something worst than you thought might happen like bitcoin would disappear because no one in this whole wide world use it anymore. Though, it is impossible to happen because you know, people who are into bitcoin would never do such thing. Bitcoin is a very popular coin among the other cryptocurrencies in the internet so you don't have to worry about this. We will never let bitcoin go down.

Well, you're probably right. if bitcoin've never spent more especially in a very long time, there is a possibility that bitcoin will disappear. perhaps because at the time it was discovered something new. but, I also feel that it will not happen, because they certainly will never store bitcoin they have, without a goal.

I do not think that bitcoin will disappear if no one uses it. Bitcoin will only become worthless and its price may drop to less than $0.01. I hope that everyone will use Bitcoin because it is the only chance for Bitcoin to develop and become greater in the future.

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