Topic: If no one spends bitcoin what might happen? - page 43. (Read 52605 times)
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.
Share your ideas here. 
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.
Check it out here
i think save for investation why not ? if stuck in one price we can withdraw in local money 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 think then bitcoin bitcoin will be more increase its price but no one can be buy bitcoin because then all people will be never sell it so price will be too much high and no one can be afford it .
It will make bitcoin useless lying in wallets.The demand of bitcoin will only increase if we spend it more and more and not by storing it.If everyone start accepting bitcoin,it's demand will go up and so is its price
Share your ideas here.
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.
Check it out here
I think that the price is going to be stable then if no one is going to spend a coin and I hate it when the price is stable because it is boring. 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 know that you have to be patient with Bitcoin but sometimes the price can be stable for a long time.
We are in the same page dude! In fact, base in my observation here most of the member in this forum got earned bitcoin quickly through trading in the exchange platform.
if people started holding bitcoin an not spending it then it will soon become almost extint cryptocurrency. i dont actully care that the price will rise or not but the main thing for me is that people can not hold all the coins without any super important reason or else no one else will have coins to transact
I think the demand would be increasing slowly and the price will be affected and it would make bitcoin price stable or decreasing because if the demand will not increasing the tendency of the value are going to get low.
if no one ever finish it, I think the price of bitcoin will be very difficult to grow. I also think that it will lead to the stability of the price of bitcoin, or might make bitcoin prices down. however, people will always make transactions with bitcoin, whether it's spending or to hold it. 
if no one spends bitcoin then it can become such a huge problem because there are two probabilty one is that the bitcoin price will start increasing rapidly and the second is the market will soon collaps
I think bitcoin is not going to fall down and the market is not going to collapse as we can see that the price of bitcoin is increasing on daily basis, as the users of bitcoin are increasing regularly, and as bitcoin is available every where if the users of one country stop using it or their government banned it still the other users of other countries will continue using it. I think that this can not be, and will always Bitcoin only grow in value.
I think OP is asking for a theoretical discussion, yes looking at current situation it is near to impossible that everyone will stop using/spending bitcoins. The growth of the bitcoin (or any cryptocurrency) lies in the movement of that currency from one point to another so the price increases when the frequency of transaction increases. Since more and more people are getting in bitcoin, there will be an increase in the movement over the period of time and thus in price too.
I think the demand would be increasing slowly and the price will be affected and it would make bitcoin price stable or decreasing because if the demand will not increasing the tendency of the value are going to get low.
i think then bitcoin bitcoin will be more increase its price but no one can be buy bitcoin because then all people will be never sell it so price will be too much high and no one can be afford it .
It will make bitcoin useless lying in wallets.The demand of bitcoin will only increase if we spend it more and more and not by storing it.If everyone start accepting bitcoin,it's demand will go up and so is its pricei think then bitcoin bitcoin will be more increase its price but no one can be buy bitcoin because then all people will be never sell it so price will be too much high and no one can be afford it .
It will make bitcoin useless lying in wallets.The demand of bitcoin will only increase if we spend it more and more and not by storing it.If everyone start accepting bitcoin,it's demand will go up and so is its price 
I think that this can not be, and will always Bitcoin only grow in value.
If people don't spend bitcoins, the coin will eventually crash. Simple.
But I do not see that happening; people who work abroad and need to transfer some money home, use bitcoins to avoid the high bank transfer charges.
I think one major reason people will continue to use bitcoin is the ability to evade currency conversion fees.
But I do not see that happening; people who work abroad and need to transfer some money home, use bitcoins to avoid the high bank transfer charges.
I think one major reason people will continue to use bitcoin is the ability to evade currency conversion fees.
I thought so, if there is no circulation of bitcoin then it's nothing, for a while (< a week) the price may increase but for several days later people on merchants/shops will begin to wonder about bitcoin as currency, why no one use it as payment. Luckily, it won't ever happen as people always sell it buy bitcoin according to market situation.
Without circulation, the bitcoin will be like most other scam coins, the value will be close to zero. So it is better to use it.
i think then bitcoin bitcoin will be more increase its price but no one can be buy bitcoin because then all people will be never sell it so price will be too much high and no one can be afford it .
Share your ideas here.
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.
Check it out here
price is going to decrease, WE WILL GET F*cked UP 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
If no one spends bitcoin, price fluctuation will happen to higher extent. Importantly bitcoin usage when gets decreased the ratio of adoption too decreases. Possibly for the improvement and growth towards a greater digital currency spending is much needed.
This a very good topic to deal with, let me tell a scenario about a restaurant cooking foods for the people who loves nice food and yet no one eats the foods you prepare how could the business earn their profit for next operation? Also with bitcoin, if no one spent it there will be no circulation of profit and yet no one can earn, just like the food in the restaurant if no one buys it, they never earns money from it. If people won't spend btc all gambling sites, trading sites and other sites requiring bitcoin transactions won't earn their sales if this happens but its imposible to happen because most internet users knews btc specially this modern days internet is the main information source.
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)
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.
That makes sense. If no one sells bitcoins for fiat and instead starts spending them, that would lead to Bitcoin wider adoption and likely to more stable growth in Bitcoin price because more and more merchants and vendors might get involved in these activities. Methinks, many bitcoiners would readily start spending Bitcoin this way, but the problem is it doesn't depend on them. Merchants are still avoiding Bitcoin, and therefore we continue selling bitcoins in exchange for fiat.
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)
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.
If people don't spend bitcoins, the coin will eventually crash. Simple.
But I do not see that happening; people who work abroad and need to transfer some money home, use bitcoins to avoid the high bank transfer charges.
I think one major reason people will continue to use bitcoin is the ability to evade currency conversion fees.
But I do not see that happening; people who work abroad and need to transfer some money home, use bitcoins to avoid the high bank transfer charges.
I think one major reason people will continue to use bitcoin is the ability to evade currency conversion fees.
I thought so, if there is no circulation of bitcoin then it's nothing, for a while (< a week) the price may increase but for several days later people on merchants/shops will begin to wonder about bitcoin as currency, why no one use it as payment. Luckily, it won't ever happen as people always sell it buy bitcoin according to market situation.
Of course there is this IF, as long as you bring up that IF you could never reach any conclusion.
There are hundreds of people living on daily basis with spending bitcoins, so even by the best chances everyone else decides not to spend any bitcoins, I'd gladly will do just that since not everyone can wait to see if that IF works and how does it work.
But IF I can manage a week without eating and drinking then others as well we could put it to the test to see what really happens.
There are bitcoin clones but people need the insurance which relatively to other coins bitcoin appears to bring to the table more than others and that is why is most used cryptocurrency.
There are hundreds of people living on daily basis with spending bitcoins, so even by the best chances everyone else decides not to spend any bitcoins, I'd gladly will do just that since not everyone can wait to see if that IF works and how does it work.
But IF I can manage a week without eating and drinking then others as well we could put it to the test to see what really happens.
There are bitcoin clones but people need the insurance which relatively to other coins bitcoin appears to bring to the table more than others and that is why is most used cryptocurrency.
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