Topic: If no one spends bitcoin what might happen? - page 48. (Read 52622 times)
it means btc will fall
Well some people will always spend money, if a big proportion of people don't use it, its price will increase until it reaches an equilibrium point.
That's quite the opposite of what it should be isn't it? The price should increase with its usage, not the other way around. How can it increase if most people stop using it? 
bitcoin price will go high,
DING DING DING,
You SIR are the Winner, that is exactly what will happen and is happening.
If people were spending BTC, the Vendors immediately convert to their native FIAT,
this causes a downward price pressure, Price is going up because very few are using it to buy anything.
Low mass adoption makes it easier to manipulate the price higher.
Why? It means no one will use and can't attract the person for use them again while the people was leaving them and it can get growth on their price?
In my ratio, even a goods have got left by people it means if that won't mean anything.
And which the pressure will down .
If no one spends bitcoins, then there will be a drop in the number of users and miners both as no transactions will be done which will become a harmful effect on the bitcoin system, and to not let that happen, we need to have it circulated just like we circulate our fiat money.
depending on situation, if people stop using bitcoin permanently then the price is going to drop but if people are holding bitcoin and not going for sell just for the purpose that the price should raise then the prices are going to sky rocket, as the supply will decrease and demand will increase, very honestly the number of bitcoin users is increasing on regular so we can expect bitcoin more stronger than its previous position. Well some people will always spend money, if a big proportion of people don't use it, its price will increase until it reaches an equilibrium point.
That's quite the opposite of what it should be isn't it? The price should increase with its usage, not the other way around. How can it increase if most people stop using it? 
bitcoin price will go high,
DING DING DING,
You SIR are the Winner, that is exactly what will happen and is happening.
If people were spending BTC, the Vendors immediately convert to their native FIAT,
this causes a downward price pressure, Price is going up because very few are using it to buy anything.
Low mass adoption makes it easier to manipulate the price higher.
bitcoin price will go high,
I think it's exactly the opposite. Bitcoin needs to have a lot of transactions to have the price go up. If spends it, it's a sign that nobody wants it anymore or it would look like everybody had suddenly forgotten about it. There are a lot of people just like me who are saving up as much as we can, but I want to do this until 2018. Yes, I know there are 12 months left but I want to do it because I feel like the price will skyrocket until then.
If no one spends bitcoin.... you say ? I think to see such thing we have to wait quite a bit. I am not worried a bit about people not spending bitcoins as this will never happen I am sure.
My argument is just have a look at how many bitcoin transactions are happening every second in block explorer websites, like blockchain.info for example. If you have a look there you will see that it is impossible that all the people stop spending bitcoins. Nothing to worry for quite some years at least I would say.
My argument is just have a look at how many bitcoin transactions are happening every second in block explorer websites, like blockchain.info for example. If you have a look there you will see that it is impossible that all the people stop spending bitcoins. Nothing to worry for quite some years at least I would say.
It is just like what can happen if it's in the real world, the economy won't grow. It's like having a piggy bank with lots of pennies and coins, any loose change that you have to collect. When that happens to bitcoins (no one spending bitcoin) It would create an artificial shortage of bitcoins that can stop the growth of bitcoin economy. So for every person that has bitcoins and not spending it, around half bitcoin person will really have a great effect on the economy. And if that happens, I think ALT coins would be an alternative if that happens, and bitcoin would be phased out if it happens. We know it wouldn't.
If no one spends bitcoin and they will just keep all their bitcoins then it will be a price changer because there is not supply that will be on the cycle like on the market so the only thing that will happen is buying bitcoins and not selling it, So the stocks or supply will be fewer than before and since no one is spending bitcoin it will make the price higher and higher day after day.
That is right. The value of the bitcoin lies in the circulation. If it is not useful as a currency, the price is low.
And if no one will spend bitcoins and most of us will just hold. I am thinking of two results that are possibly to happen. The first thing will be, bitcoins price will increase for the bitcoins circulating in the economy will be lesser. So if the supply will be lesser the demand will become higher and that will make the price higher. And the other thing is bitcoin will be no value at all for no one spends it.
But since there will be fewer bitcoins in circulation, we would just as well expect the price volatility to hit the sky. Simply because you would need less bitcoins to seriously affect the price. And with yet fewer bitcoins, it will be impossible to trade in any meaningful way because you couldn't know which price would be "authentic" and determined by the supply and demand due to the lack of balance between them.
There's no need for authenticity if it is already impossible to trade. But if the bitcoins circulating in the market is fewer. Still we can able to do tradings and once the effect of no one spends their bitcoin is being seen by many people. Then that will encourage them to sell bitcoins and the market will be just the same and will be balance again.
Without spending bitcoin? I can't imagine that. I think it is impossible to live without spending bitcoin 
If no one spends bitcoins, then there will be a drop in the number of users and miners both as no transactions will be done which will become a harmful effect on the bitcoin system, and to not let that happen, we need to have it circulated just like we circulate our fiat money.
Indeed I think you're right. If there is no spending by anyone what is the use for the currency, this also goes for fiat money.
There will always be needed a supply and demand to give it any value. I don't see why some here think the price stabilizes.
We have a saying in Dutch: Geld moet rollen, translated: Money has to roll.
If no one spends bitcoins, then there will be a drop in the number of users and miners both as no transactions will be done which will become a harmful effect on the bitcoin system, and to not let that happen, we need to have it circulated just like we circulate our fiat money.
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
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 also think bitcoin will stuck in one price, and it won't move.It will cause a great hamper on the develop of bitcoin.If people stopped investing on bitcoin then bitcoin won't spreading like now and it will be a boring crypto currency.But I also think that it will never happen, people in all over the world will invest in bitcoin always and help bitcoin to progress more.
It will. This will happen when everything is mined and no one wants to give chance to others to own some. Yes, it will be for a long time that everything will be mined but still it affects the economy.
If no one spends bitcoin and they will just keep all their bitcoins then it will be a price changer because there is not supply that will be on the cycle like on the market so the only thing that will happen is buying bitcoins and not selling it, So the stocks or supply will be fewer than before and since no one is spending bitcoin it will make the price higher and higher day after day.
That is right. The value of the bitcoin lies in the circulation. If it is not useful as a currency, the price is low.
And if no one will spend bitcoins and most of us will just hold. I am thinking of two results that are possibly to happen. The first thing will be, bitcoins price will increase for the bitcoins circulating in the economy will be lesser. So if the supply will be lesser the demand will become higher and that will make the price higher. And the other thing is bitcoin will be no value at all for no one spends it.
But since there will be fewer bitcoins in circulation, we would just as well expect the price volatility to hit the sky. Simply because you would need less bitcoins to seriously affect the price. And with yet fewer bitcoins, it will be impossible to trade in any meaningful way because you couldn't know which price would be "authentic" and determined by the supply and demand due to the lack of balance between them.
If no one spends bitcoin then the price would somehow stabilize and theres no circulation on bitcoins ecosystem which means its stagnant and we could see that adoption of bitcoin will be stop for sure because no one spends it and the awareness on bitcoins existence would surely decreased or nothing at all. Thats why we must spend our bitcoins.
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.
If no one spends bitcoin and they will just keep all their bitcoins then it will be a price changer because there is not supply that will be on the cycle like on the market so the only thing that will happen is buying bitcoins and not selling it, So the stocks or supply will be fewer than before and since no one is spending bitcoin it will make the price higher and higher day after day.
That is right. The value of the bitcoin lies in the circulation. If it is not useful as a currency, the price is low.
And if no one will spend bitcoins and most of us will just hold. I am thinking of two results that are possibly to happen. The first thing will be, bitcoins price will increase for the bitcoins circulating in the economy will be lesser. So if the supply will be lesser the demand will become higher and that will make the price higher. And the other thing is bitcoin will be no value at all for no one spends it.
If no one spends bitcoin and they will just keep all their bitcoins then it will be a price changer because there is not supply that will be on the cycle like on the market so the only thing that will happen is buying bitcoins and not selling it, So the stocks or supply will be fewer than before and since no one is spending bitcoin it will make the price higher and higher day after day.
That is right. The value of the bitcoin lies in the circulation. If it is not useful as a currency, the price is low.
If no one spends bitcoin and they will just keep all their bitcoins then it will be a price changer because there is not supply that will be on the cycle like on the market so the only thing that will happen is buying bitcoins and not selling it, So the stocks or supply will be fewer than before and since no one is spending bitcoin it will make the price higher and higher day after day.
Jump to: