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Topic: If no one spends bitcoin what might happen? - page 5. (Read 52621 times)

full member
Activity: 336
Merit: 100
This is true for the regulated systems or markets that demand and supply managing the price but do not forget that we have unregulated market what we are buying/selling trading, so demand/supply is not the major effects on pricing.
member
Activity: 126
Merit: 10
It will only go down if people hold and no one is buying btc. There will either be one or the other. If people are not buying and only selling the price would dump. But if they are holding and no one buying or selling then yes, it would not move.
member
Activity: 182
Merit: 10
I think that bitcoin case is diffrent from usual currencies. We use btc only as a speculating tool. No one's economic is based on bitcoin.
jr. member
Activity: 336
Merit: 5
Most Advanced Crypto Exchange on the Blockchain
Arguably bitcoin has already failed because it was supposed to be used as a form of currency but it has turned into digital gold. No-one wants to spend their bitcoin during a bull run and hodl it as much as possible. However, i think it will always be spent - even if only used just to buy altcoins
sr. member
Activity: 616
Merit: 251
CryptoTalk.Org - Get Paid for every Post!
If bitcoin is no longer usable the people surely will stop buying it. Naturally bitcoin will come to and end.
Bitcoin is not going anywhere but to another persons wallet that wants more Bitcoins. You have to wait with Bitcoin so the money can come.
jr. member
Activity: 252
Merit: 2
Bitcoin not being spent is going to make the unusual happen, price of bitcoin will eventually stop growing and it's user's will loose faith in bitcoin, thereby causing new investors to be threatened..
newbie
Activity: 37
Merit: 0
If people doesn't spend money. The bitcoin price will stock on it value/price. If that happened some people might lose interest in bitcoin. Smiley
newbie
Activity: 8
Merit: 0

there will always be coins to transact, you will just transact in smaller and smaller amounts until 1 sat = $1
member
Activity: 263
Merit: 12
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.
full member
Activity: 364
Merit: 100
Blockchain with VTOS energy
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


Always remember that the value of cryptocurrency in the market is always based on the demand and supply so if people will just hold their coins then bitcoins will increase its value even more due to the lack of supply and massive demand.
newbie
Activity: 128
Merit: 0
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

I think the bitcoin price will increase so that they gonna buy bitcoin again. And if people use bitcoin again then the price will decrease again. So if no one buy bitcoin they gonna do something so that the bitcoin will lost its value.
full member
Activity: 251
Merit: 100
I think this is unlikely because do not forget that bitcoin remains one of the most popular crypto currency. Even if many crypto currencies cease to exist, bitcoin will remain. And will become one of the decentralized currencies of countries.
newbie
Activity: 96
Merit: 0
First, I think that can only happen if governments around the world ceased the use of bitcoins so let's say that only less will use it, the price will going to jump 100x quickly.
newbie
Activity: 278
Merit: 0
If nobody spends bitcoin, it is logical that its price will increase; becoming thus a cryptocurrency of greater value, and therefore more desired in the market.
jr. member
Activity: 88
Merit: 4
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


In my opinion, the circulation in the calculation of bitcoin will have an effect which will cause the flow of money exchange to be stuck. I've seen the link you gave and there's nothing wrong with it except for the fact that it can affect the stability of the bitcoin because it will become stagnant. As the core of the conclusion, I think it's still the best thing for bitcoin to flow or circulate on the internet because it's all the same. Maybe bitcoin prices will be as usual or will rise high may even disappear from the crypto world, Because bitcoin is continuously sustained by the market demand that users use a lot but stock is very limited, I think such a thing would not be possible because there are still many people who use them primarily traders, they use a low sell sell high strategy so that the current in the stock market is still running even if it is unstable and it is unlikely there will be any stagnant transactions.
member
Activity: 210
Merit: 10
I think the reason why bitcoin is increasing so much is because Bitcoin was transfering from many people in p2p transactions and that's how a currency works.
So if once day, noone want to spend Bitcoins anymore it will lose the transfer function and become worthless ( because it's useless).
full member
Activity: 238
Merit: 100
It would be nice if many shops around the world started accepting crypto currency, including bitcoin, as payment. I think this is our immediate future. But even if this does not happen, people will also be hoarding bitcoin as a valuable asset.
sr. member
Activity: 523
Merit: 250
But do not forget that bitcoin remains one of the most popular crypto currency. Even if many crypto currencies cease to exist, bitcoin will remain. And will become one of the decentralized currencies of countries
newbie
Activity: 75
Merit: 0
If bitcoin is no longer usable the people surely will stop buying it. Naturally bitcoin will come to and end.
newbie
Activity: 18
Merit: 0
I DON'T HAVE CLUE , but i think it won't happen..
Because, people will spend and spend agains
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