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Topic: If no one spends bitcoin what might happen? - page 42. (Read 52605 times)

sr. member
Activity: 268
Merit: 250
December 11, 2016, 12:22:22 AM
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.


hero member
Activity: 1204
Merit: 500
December 10, 2016, 10:53:38 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.
hero member
Activity: 630
Merit: 500
December 10, 2016, 10:46:33 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.
full member
Activity: 266
Merit: 100
December 10, 2016, 10:36:42 PM
There will be a community of people who will become the rihest by possessing the most bitcoins and if they dont use it at all .well on the other hand ,some people will use it .even if they dont the price of bitcoins will reach to a maximum level .
hero member
Activity: 1666
Merit: 701
December 10, 2016, 06:56:49 PM
What the actual heck? What do you even mean?

If no one spends bitcoin, then there will be no blocks mined, because people mine blocks for profit and if for whatever reason they decide to not spend that money... It's just not logical.

The network will still be there, the ledger won't change. It's probably just the popularity of bitcoin has fallen down.
Exactly, if no one spends bitcoin there will be no circulation and bitcoin will be dead. That might happen in the future in case people will lose their trusts with bitcoins due to government regulations that will make the usage of bitcoin to be illegal.

Bitcoin will not die, it will stay as a bitcoin. But what will change is its value, it will no longer be valuable and will remain as a digital number only. The market will die and other altcoins will join too since they are not ready, not independent from bitcoin. Not only bitcoin will end but all of cryptocurrency will suffer from having no value at all. But hope this will not happen.

yeah, bitcoin would be like a died city, but it still exist. just no one use it, so it might be forgotten. however, it does not make any sense why people keep saving their money in a big amount and do not use it. if they no longer trust bitcoin, I think they would convert it to fiat. at least the money can be used.
sr. member
Activity: 1162
Merit: 258
1xbit.com
December 10, 2016, 01:46:45 AM
give your bitcoin to me I'm will spend it for you. Cheesy Cheesy. no one will let bitcoin someday surely must will used for whatever
legendary
Activity: 2646
Merit: 1106
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
December 10, 2016, 01:29:54 AM
People continue to spend their hard earned bitcoin for their daily needs. Even if none spends bitcoin the trading itself creates the circulation that's required to have a stable value without much fluctuations happening continuously.
sr. member
Activity: 454
Merit: 250
December 09, 2016, 05:01:48 PM
I think the more logical answer is that the price would suffer a fall, because with Bitcoin not being used to trade things, that would make people think that the currency is not being adopted the way it should, as a currency that should move the economy. But I may be wrong, because Bitcoin would still be a great way to store value.
legendary
Activity: 1386
Merit: 1058
December 09, 2016, 04:55:29 PM
How could “no one” spend bitcoin. The point of bitcoin is to spend it like any other currency or commodity people have . Worst case scenario , we do not spend gold anymore but gold has value , and it always goes up . So it would be like gold where bitcoin has worth but not spend daily.
full member
Activity: 126
Merit: 100
December 09, 2016, 10:41:59 AM
With that I think that  the bitcoin price would just sell at low price, in a positive way the best thing that might happen is many people will encourage to buy while it is at its low price. But, if no one would spend? I don't think it would happen nowadays. It has many advantage that keeps people from using it.
hero member
Activity: 714
Merit: 500
December 09, 2016, 08:09:49 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
hero member
Activity: 1274
Merit: 513
December 09, 2016, 04:49:29 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.
hero member
Activity: 3066
Merit: 577
Leading Crypto Sports Betting & Casino Platform
December 09, 2016, 04:35:28 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.
hero member
Activity: 742
Merit: 526
December 09, 2016, 03:47:22 AM
What the actual heck? What do you even mean?

If no one spends bitcoin, then there will be no blocks mined, because people mine blocks for profit and if for whatever reason they decide to not spend that money... It's just not logical.

The network will still be there, the ledger won't change. It's probably just the popularity of bitcoin has fallen down.
Exactly, if no one spends bitcoin there will be no circulation and bitcoin will be dead. That might happen in the future in case people will lose their trusts with bitcoins due to government regulations that will make the usage of bitcoin to be illegal.

Bitcoin will not die, it will stay as a bitcoin. But what will change is its value, it will no longer be valuable and will remain as a digital number only. The market will die and other altcoins will join too since they are not ready, not independent from bitcoin. Not only bitcoin will end but all of cryptocurrency will suffer from having no value at all. But hope this will not happen.

This is equal to turning into a zombie Bitcoin. And many people may doubt if it wouldn't be better to grant mercy to it and let it die peacefully without invoking shadows. That will likely increase the chances of survival of other altcoins left behind. Maybe, there is already a Zombie coin, but it is an obvious misuse of the term.
hero member
Activity: 994
Merit: 544
December 09, 2016, 03:34:07 AM
What the actual heck? What do you even mean?

If no one spends bitcoin, then there will be no blocks mined, because people mine blocks for profit and if for whatever reason they decide to not spend that money... It's just not logical.

The network will still be there, the ledger won't change. It's probably just the popularity of bitcoin has fallen down.
Exactly, if no one spends bitcoin there will be no circulation and bitcoin will be dead. That might happen in the future in case people will lose their trusts with bitcoins due to government regulations that will make the usage of bitcoin to be illegal.

Bitcoin will not die, it will stay as a bitcoin. But what will change is its value, it will no longer be valuable and will remain as a digital number only. The market will die and other altcoins will join too since they are not ready, not independent from bitcoin. Not only bitcoin will end but all of cryptocurrency will suffer from having no value at all. But hope this will not happen.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
December 09, 2016, 03:28:22 AM
What the actual heck? What do you even mean?

If no one spends bitcoin, then there will be no blocks mined, because people mine blocks for profit and if for whatever reason they decide to not spend that money... It's just not logical.

The network will still be there, the ledger won't change. It's probably just the popularity of bitcoin has fallen down.
Exactly, if no one spends bitcoin there will be no circulation and bitcoin will be dead. That might happen in the future in case people will lose their trusts with bitcoins due to government regulations that will make the usage of bitcoin to be illegal.
sr. member
Activity: 266
Merit: 250
Invulner
December 09, 2016, 02:16:03 AM
What the actual heck? What do you even mean?

If no one spends bitcoin, then there will be no blocks mined, because people mine blocks for profit and if for whatever reason they decide to not spend that money... It's just not logical.

The network will still be there, the ledger won't change. It's probably just the popularity of bitcoin has fallen down.
legendary
Activity: 3262
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
December 09, 2016, 02:07:58 AM
In theory it's possible that people stop to use Bitcoins but in real life that would be very hard to achieve. People would have to have very strong reasons not to spend any coin. And how could that be controled? This would look like kind of massive saving. In that case demand for Bitcoins would rise and that would also influence the price.

One good reason is just to invest. We know many people do that and USA got a large percentage of people that are invested in mutual funds. But they have built trust there already that is why people dont need to doubt it anymore unlike with bitcoin.
It might increase due to demands but how are we going to expand if some people who want to start investing cant buy one and the price gets too expensive.
hero member
Activity: 910
Merit: 523
November 30, 2016, 02:37:33 PM
if no one spends bitcoin the price will increase faster than it is right now.
supply x demand law, i'm pretty sure demand will keep increasing and if no one spends will be like supply reducing(like what happened to dash with masternodes)

spending bitcoin is not the same as not selling bitcoin. spending means using it to buy stuff just like what you do with any other currencies. but selling is when you dump it on the market. the first one is actually helpful to bitcoin because when you spend there will be more services and more adoption as we go forward. but the selling is what changes the price when no one sells price goes up and when everyone is dumping the price drops.
Yeah, bitcoin more likely would have less market and slow adoption if no one spending bitcoin as now there are many merchants accepted bitcoin payment especially in Western countries, so spending will affect bitcoin price to be more higher than before.
legendary
Activity: 2030
Merit: 1030
Privacy is always important
November 30, 2016, 02:36:26 PM
In theory it's possible that people stop to use Bitcoins but in real life that would be very hard to achieve. People would have to have very strong reasons not to spend any coin. And how could that be controled? This would look like kind of massive saving. In that case demand for Bitcoins would rise and that would also influence the price.
I think not spending bitcoin will not happen maybe for other people but for other people many ppl are using it and i think it is not the case to know about the price or value of bitcoin if can be increase or not..
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