Topic: If no one spends bitcoin what might happen? - page 51. (Read 52622 times)
to as the number of bitcoin users is increasing day by day, therefore it is not possible, but suppose it happen and all the people stop using bitcoin the it will turn down and will dead.
if no one spends bitcoin then i think it will start increase the price in rapid speed but i am 100% sure it will be forever safe in the wallet and as we know every bitcoin wallet has the highest level of security
demand and supply rule the economy. So if no one spends bitcoin one day it will fail as currency and system. Bitcoin is popular now cause of demand and it's popularity only grows cause bitcoin became good investment instrument. It's the same like if you stop to use money from your wallet. It will be not necessary one day, so salary also will be not necessary. Communism!
I can't tell what is informing the idea that people would lose interest in bitcoin and consequently, it would become worthless! All that really makes no sense, because the likelihood of such situation seeing the light of the day is very very slim. Simple Economics, simply dictates that, whenever anything - a car, food,asset, even water, etc, just about anything that is worth something becomes scarce and for whatever reason, the price of that thing have no option than to rise. That is exactly what lies ahead of bitcoin. It is limited in supply by nature, it has some enviable value attached to it and so whensoever it becomes scarce, those who have some piece of it should be ready to smile to their banks.
It might not work the way you think it will. If some shit is scarce, that alone doesn't make it valuable. In the first place it should have some utility, and only then the scarceness of it will kick in determining its price. For example, air has an absolutely vital utility because we can't live without it, but it is not priced for the simple reason that air is not a limited resource. Bitcoin has utility, in fact, quite a lot of various utilities, but if it loses them in some obscure manner for whatever reason, its scarceness as well as limited supply will be irrelevant.
The idea of what will happen happen if no one spends their Bitcoin can be preposterous because it will never happen as Bitcoin is designed like a currency albeit on a digital form so since it is a currency it is meant to be used like a regular currency. Otherwise, its value would keep on rising as the demand can be growing yet the supply is limited on the market.
If no one spent btc there would be a stalemate for some time and then prices would decrease seriously
For sure it will, since all bitcoins are being hoard and there is no more interest of people to use it and it will become worthless at all.
Because if no one uses bitcoin anymore then no more worth in the value and there might be another crypto to become famous and get used.
But I don't think this is going to happen either.
If no one spent btc there would be a stalemate for some time and then prices would decrease seriously
For sure it will, since all bitcoins are being hoard and there is no more interest of people to use it and it will become worthless at all.
Because if no one uses bitcoin anymore then no more worth in the value and there might be another crypto to become famous and get used.
But I don't think this is going to happen either.
If no one spent btc there would be a stalemate for some time and then prices would decrease seriously
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.
The price then will increase and that is when the people are going to sell there Bitcoin because then they can make the most money. People need to spend there Bitcoin so that is goes around and keep thins running.
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.
The price then will increase and that is when the people are going to sell there Bitcoin because then they can make the most money. People need to spend there Bitcoin so that is goes around and keep thins running.
USA and bitcoin are very different soo dont compare them as makes no sense. If bitcoin wouldnt be spent bitcoin value would be 0, even worthing 600 dollars if you arent doing nothing with them or wont do they are the same has nothing, soo this would kill bitcoin as miners wouldnt be able to profit as they couldnt sell their coins leaving a security problem at bitcoin and the death of it maybe.
No doubt a situation where even 1 btc won't be spent would never arise, because bitcoin is fast becoming an integral part of people's daily activities - so that at any point in time, someone. somewhere is sure to have a need to spend some bitcoin.In the even that so much more people decides to hold their coins, that can only sky rocket the price of bitcoin as is usually the case whenever a valuable asset becomes scares.
When there will be no one to sell bitcoin then we will have bitcoin will high rate because demand will be more compared to selling unit so price will go up and when it will happen then bitcoin holder will give up and sell their bitcoin so bitcoin is back to circulation again.
When there is nobody selling the bitcoin, it will be worthless. The value of the bitcoin lies in the sell/transaction.
When there will be no one to sell bitcoin then we will have bitcoin will high rate because demand will be more compared to selling unit so price will go up and when it will happen then bitcoin holder will give up and sell their bitcoin so bitcoin is back to circulation again.
If everyone keeps their bitcoin on hold then there will be no ups and downs in bitcoin market and it's price will drop from stable stage to bottom line. By such activity miner will also quit mining and there would be no more bitcoin mining system and it's quantity will become fixed at some million quantity. And all bitcoin accepting site will also remove the payment api and lot more chances to happen.
Wrong. If really no one spends their Bitcoin, it's price in fiat valuation can't drop to zero ("bottom line"). Instead it's market price will be frozen at the valuation the last time it was bought/sold. In fact the bids to buy Bitcoin may also increase significantly, because there's not sufficient supply to satisfy demand.
Ok, I was a bit joking here. Of course, if really nobody spends their Bitcoin it would be bad, because the currency would be in lockup state and have no utility. However such a scenario is entirely unrealistic. Even if Bitcoin would be dying there will likely be a huge selloff / constant decline in economic activity. Every sane individual who expects Bitcoin to fail would try to sell his/her stash before it becomes worthless.
ya.ya.yo!
Well the only time that will only happen is when its value goes to 0. I can't see a world currently we live in which will no one spend bitcoin, Because Bitcoin is related to the internet where there is internet there will also be Bitcoin. Look at how online shops now they also accept bitcoin and there are gambling sites in which the currency they use are Bitcoin.
I agree with that. If there is nobody spending the bitcoin, it is useless. It can be regarded as waste paper and useless.
Well the only time that will only happen is when its value goes to 0. I can't see a world currently we live in which will no one spend bitcoin, Because Bitcoin is related to the internet where there is internet there will also be Bitcoin. Look at how online shops now they also accept bitcoin and there are gambling sites in which the currency they use are Bitcoin.
if no one spends their bitcoin then i think that bitcoin will be going to dead and bitcoin price depend on adoption and then use it as currency and there is a lot of people are using bitcoin in big amount as currency for online shopping and for other product .
It is not even going to happen that way, I see no reason why all people will hold all the bitcoin and refuse to spend. But should that happen, I think the price of bitcoin may hit $100,000 because there is going to be excessive demand without supply. Impossible price due to impossible reason.
if no one spends their bitcoin then i think that bitcoin will be going to dead and bitcoin price depend on adoption and then use it as currency and there is a lot of people are using bitcoin in big amount as currency for online shopping and for other product .
It is not even going to happen that way, I see no reason why all people will hold all the bitcoin and refuse to spend. But should that happen, I think the price of bitcoin may hit $100,000 because there is going to be excessive demand without supply. Impossible price due to impossible reason. There will be no chance in not using the bitcoins. Though all hold the btc when the price goes low, one or the other day the price come up again. This has become its nature. Compared to those days, the price has become more high now though it goes bit low. So there is no chance for its disappearance. Lets continue to support its existence.
that is true. It is better to use the bitcoin now and in the future as a currency. That will increase the value.
There will be no chance in not using the bitcoins. Though all hold the btc when the price goes low, one or the other day the price come up again. This has become its nature. Compared to those days, the price has become more high now though it goes bit low. So there is no chance for its disappearance. Lets continue to support its existence.
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