If no one spends bitcoin what might happen? - page 46.

ipanks

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Quote from: knyolku123 on November 23, 2016, 06:42:34 AM

Quote from: sportis on November 23, 2016, 04:32:21 AM

If people only save their bitcoins and they don’t spend any satoshi deflation is next state. Many people in this forum advise others to don’t spend and the price goes up. May be they had forgotten that bitcoin is currency and must be in circulation. If people don’t use it for what reason do you want to have it? All are offer and demand.

agree with your opinion. if no one spends bitcoin I think can make the price of bitcoin is go down. because the currency needs circulation, bitcoin is same with other currency. I hope bitcoin still alive and prices remain stable.

i don't think all people in the world which have bitcoin will not spend their bitcoin, maybe its just half or quarter for all people. in out there especially in the market, many people do trading bitcoin-fiat, bitcoin-altcoins and i am sure this would not be happen and we can see that the price is going up and down for sure.

Umigokath

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Most likely the bitcoin will go down soon or later than and also will less more used too so it would not be good at all for the bitcoin.

Felimon

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I am sorry to say, but this question is like, what would happen of the sky would fall!! This would not happen, because there are to many people on the networks and there is no reason for them to stop using the system. Asking what if is never anything more than a waste of time. What if I was a millionaire??? I would not be here.

groll

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Quote from: mastica on November 23, 2016, 07:06:28 PM

Well i do believe bitcoin has value because it keeps being traded, if from one moment to all people stop circulating their bitcoins its almost a sure price will dump instead grow. But at the moment im see that we have too many transactions and we have once again an issue about the confirmations, and the delay isnt good for bitcoin at all.

Yeah bitcoin must be spent in any ways for it gains value if it is circulated and used. I think its price will not increase if many will hold their bitcoin. For me if bitcoin will become scarce, then its value would drop because it would remain stagnant and lifeless. Like any other currencies bitcoin needs to have a life. It can be done by spending bitcoin and keeping it circulated.

batang_bitcoin

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Quote from: wxa7115 on November 23, 2016, 07:45:10 PM

Quote from: sportis on November 23, 2016, 04:32:21 AM

If people only save their bitcoins and they don’t spend any satoshi deflation is next state. Many people in this forum advise others to don’t spend and the price goes up. May be they had forgotten that bitcoin is currency and must be in circulation. If people don’t use it for what reason do you want to have it? All are offer and demand.

Bitcoin like any currency is meant to be used to trade, to exchange hands and the more exchanges the better since that means that the currency is useful and needed, if no one spend their coins then a drop in price will follow because that means there is not demand for bitcoin at all.

If there is no demand for bitcoin then it will become totally useless. And if bitcoin has big demand but no one spends it then that will make the value of bitcoin higher as the demand is high but there's no supply since all of us are holding. But I guess this is not going to happen as many are already using bitcoin and invested big amount to this crypto.

wxa7115

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Quote from: sportis on November 23, 2016, 04:32:21 AM

If people only save their bitcoins and they don’t spend any satoshi deflation is next state. Many people in this forum advise others to don’t spend and the price goes up. May be they had forgotten that bitcoin is currency and must be in circulation. If people don’t use it for what reason do you want to have it? All are offer and demand.

Bitcoin like any currency is meant to be used to trade, to exchange hands and the more exchanges the better since that means that the currency is useful and needed, if no one spend their coins then a drop in price will follow because that means there is not demand for bitcoin at all.

mrcash02

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Quote from: mastica on November 23, 2016, 07:06:28 PM

Well i do believe bitcoin has value because it keeps being traded, if from one moment to all people stop circulating their bitcoins its almost a sure price will dump instead grow. But at the moment im see that we have too many transactions and we have once again an issue about the confirmations, and the delay isnt good for bitcoin at all.

I believe the oppost. If who has Bitcoins stop spending it, the demand will be higher than the offer, so the price will go up with all power. Because people will want to buy BTCs and nobody will want to sell it.

For Bitcoin holders, this is a good situation, because the coin price would increases a lot. Sometimes things like that happen, I don't know if it's intentionally or not, but sometimes the demand is higher, so we see the coin price going up. I believe the chineses provoke this situation.

mastica

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Well i do believe bitcoin has value because it keeps being traded, if from one moment to all people stop circulating their bitcoins its almost a sure price will dump instead grow. But at the moment im see that we have too many transactions and we have once again an issue about the confirmations, and the delay isnt good for bitcoin at all.

diodio5

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Quote from: sportis on November 23, 2016, 04:32:21 AM

If people only save their bitcoins and they don’t spend any satoshi deflation is next state. Many people in this forum advise others to don’t spend and the price goes up. May be they had forgotten that bitcoin is currency and must be in circulation. If people don’t use it for what reason do you want to have it? All are offer and demand.

I think the hold bitcoin will not make bitcoin prices to rise. prices go up when you do the spending and demand occurred on bitcoin,
just when everyone is not spending bitcoin price will come down, might as well be dead

Yutikas_11920

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Quote from: olushakes on November 23, 2016, 05:41:55 PM

Then everything will remain with Satoshi Nakamoto because if no one is willing to spend, then no one will get any. By that happening as well, then this forum will not come to be, likewise will we have the popularity Bitcoin has today, couple with the dreams that would have died if Bitcoin was not spend in addition to the fact that I won't be here today.

spend is something a good thing's done if not done in a way that exaggerated. you're absolutely right, that if it's done in a way that is not natural, it will make all purpose of bitcoin is going to be messy and could be garbage that then bitcoin will only be a thrift that will never be used again because it's all over. but that does not mean that spends bad, just that it has to do with the good and not so bad

olushakes

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Then everything will remain with Satoshi Nakamoto because if no one is willing to spend, then no one will get any. By that happening as well, then this forum will not come to be, likewise will we have the popularity Bitcoin has today, couple with the dreams that would have died if Bitcoin was not spend in addition to the fact that I won't be here today.

el kaka22

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Quote from: Catlonid on November 22, 2016, 07:47:43 PM

Quote from: delliaerd on November 22, 2016, 07:18:45 PM

Quote from: Shenzou on November 22, 2016, 02:38:12 PM

If people starts to hold their bitcoin than there will become a high demand on it and the price will go up then more people will get greedy and think that they can keep saving it until it gets more higher and the end the price will go down so fast that they will regret it and eventually stop using it

I worried about bitcoin, if some people hold most of bitcoin, bitcoin will get into extreme deflation as cocequence. I agree with you that bitcoin price will move so fast, the hoarder will take more control of bitcoin price. To make fair market, bitcoin spreading and circulation must be good. Stable price with litle bit fluctuation on it will be good for bitcoin future, people will feel safe and enjoy to use bitcoin if the risk is smaller.

I think same with your opinion, I afraid it happens because many people are holding bitcoin. you said bitcoin will deflation, that right and I think this can happen. I hope many people using bitcoin like other currency and still getting some earn with bitcoin. I hope bitcoin is stable and not go down.

To me if people are going to hold bitcoin and not going t spend it, then its price will go high, because the supply in the market will decrease and demand will increase so people will even ready to trade bitcoin in high price. So, if no one spends bitcoins, it would bring some advantages also.

Mastsetad

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Quote from: sportis on November 23, 2016, 04:32:21 AM

If people only save their bitcoins and they don’t spend any satoshi deflation is next state. Many people in this forum advise others to don’t spend and the price goes up. May be they had forgotten that bitcoin is currency and must be in circulation. If people don’t use it for what reason do you want to have it? All are offer and demand.

Only the holdings of some people won't stop the circulation of the currency at all, if today me and you are holding our coins then there are thousands more spending their coins in other places, so the currency is always in circulation and these small savings and holding wont affect that at all.

Viscoat

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Quote from: danherbias07 on November 23, 2016, 10:33:29 AM

Quote from: alexsandria on November 22, 2016, 07:44:12 PM

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

Its value will remain still as people don't use it. Because the rate of bitcoin depends on its users and miners. The same as, if no one uses it, the nothing will happen

I have thought about that too. But with the recent clarifition to those who are quoting here it could end up at a high price due to demands. But in the long run it might also make a mess. If those people who want to have bitcoin cant get some then they might end up in other coins which is a lost for bitcoin community.

The price could go even higher when more people use it. It seems the price is limited by the number of transactions.

danherbias07

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Quote from: alexsandria on November 22, 2016, 07:44:12 PM

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

Its value will remain still as people don't use it. Because the rate of bitcoin depends on its users and miners. The same as, if no one uses it, the nothing will happen

I have thought about that too. But with the recent clarifition to those who are quoting here it could end up at a high price due to demands. But in the long run it might also make a mess. If those people who want to have bitcoin cant get some then they might end up in other coins which is a lost for bitcoin community.

tee-rex

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Quote from: sportis on November 23, 2016, 04:32:21 AM

If people only save their bitcoins and they don’t spend any satoshi deflation is next state. Many people in this forum advise others to don’t spend and the price goes up. May be they had forgotten that bitcoin is currency and must be in circulation. If people don’t use it for what reason do you want to have it? All are offer and demand.

We have not forgotten that Bitcoin was created as a currency and thus should be used as such. But if there is nothing to spend it on, how on earth can we use it this way? If sellers and vendors are refusing to accept it as a means of payment for their goods and services, all what we can ultimately do is to save it, trade it, or just gamble it away.

There is not much what we can actually do in this regard.

knyolku123

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Quote from: sportis on November 23, 2016, 04:32:21 AM

If people only save their bitcoins and they don’t spend any satoshi deflation is next state. Many people in this forum advise others to don’t spend and the price goes up. May be they had forgotten that bitcoin is currency and must be in circulation. If people don’t use it for what reason do you want to have it? All are offer and demand.

agree with your opinion. if no one spends bitcoin I think can make the price of bitcoin is go down. because the currency needs circulation, bitcoin is same with other currency. I hope bitcoin still alive and prices remain stable.

sportis

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Veni, Vidi, Vici

If people only save their bitcoins and they don’t spend any satoshi deflation is next state. Many people in this forum advise others to don’t spend and the price goes up. May be they had forgotten that bitcoin is currency and must be in circulation. If people don’t use it for what reason do you want to have it? All are offer and demand.

canah17

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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 it will be ban the bitcoin and they will create something new better than bitcoin i guess but still bitcoin is no more and other wallets will be adjusting because they are going to have another one coming like bitcoin

JANGKRIK BOSS

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I sure this is imposible, unless bitcoin is frozen or banned by all government. Transactions bitcoin is too many and can't stop by anyone. So if no one spends bitcoin it same with no one spend money to anyone.

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