If no one spends bitcoin what might happen? - page 54.

MWesterweele

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Quote from: danherbias07 on July 14, 2016, 04:11:51 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

if no one will spend there bitcoin probably the price of bitcoin will decrease or it will stocked up by minimum price because we need to spend our bitcoin to trade into another crypto currencies but if we can't do this then the thing is we are going to be stocked.

jonahmarieaton101

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Quote from: doomistake on October 16, 2016, 11:25:50 PM

It might get disappear if no one will spend it or use it, in my opinion. Bitcoin is still alive because there are still users, buyers, and investors that is keeping the bitcoin network functioning, that is why bitcoin is still alive from the past years until now. I know myself that this thing will never happen because no one can ever accept that bitcoin is going to disappear just because of that crazy idea. It is impossible for everyone not to spend it or use it though because it is one of the ways to earn a living.

I think it's not a crazy idea. No. it is very possible that no one users will spend or use it. But the thing is, users got the idea how to prevent the things like this. So, users make some ways on how to keep the bitcoin alive, by spending and use it. These are the ways to keep bitcoin works, to keep bitcoin function and to keep the bitcoin become more progressive.

phreaky

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Quote from: rapazev on October 16, 2016, 12:29:58 PM

supply and demand...
the supply will go zero (no one selling) but the demand will keep growing, so the price will grow too.

that would be the perfect scenario for bitcoin lovers.

If nobody decides to not spend there bitcoin then the Bitcoin price is going to keep stable for ever and that is not what we want that is going to happen.
We want the bitcoin price to rise so that we can make money and make profit.

Gimo

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If for a while everybody wants just to buy bitcoin, the price will rise but someday it must begin the spending of bitcoin.

clickerz

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Quote from: doomistake on October 16, 2016, 11:25:50 PM

It might get disappear if no one will spend it or use it, in my opinion. Bitcoin is still alive because there are still users, buyers, and investors that is keeping the bitcoin network functioning, that is why bitcoin is still alive from the past years until now. I know myself that this thing will never happen because no one can ever accept that bitcoin is going to disappear just because of that crazy idea. It is impossible for everyone not to spend it or use it though because it is one of the ways to earn a living.

That is a possible scenario if bitcoin is hoarded and no one wants to spend -- it might disappear or it will be taken over by other strong coins.The rise of another coin to replace bitcoin is imminent if that happens. Bitcoin becomes popular because is being used in transaction daily, but if there is no transaction, it ceased to live its purpose.

doomistake

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It might get disappear if no one will spend it or use it, in my opinion. Bitcoin is still alive because there are still users, buyers, and investors that is keeping the bitcoin network functioning, that is why bitcoin is still alive from the past years until now. I know myself that this thing will never happen because no one can ever accept that bitcoin is going to disappear just because of that crazy idea. It is impossible for everyone not to spend it or use it though because it is one of the ways to earn a living.

danherbias07

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Quote from: rababo on October 16, 2016, 11:24:59 AM

It's impossible to happen, but if this is happen someday, the price might be stuck. And if this still going on, the price might go down because there's no movement on the price and people would dump their bitcoin.

That is why we should also push the fact that it should be used. Hell it was created for transactions to get easier and we are just rotting it in our wallets. How could transactions be made if people just want to stock it all, others wont have some to transact.

madwica

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Quote from: serjent05 on October 16, 2016, 06:50:42 PM

Quote from: rapazev on October 16, 2016, 12:29:58 PM

supply and demand...
the supply will go zero (no one selling) but the demand will keep growing, so the price will grow too.

that would be the perfect scenario for bitcoin lovers.

This will happen in the first place, since there is no one selling the price of bitcoin will slowly get higher because of the demand. If the holder dont give in with the demands, it maybe possible that buyer will lose interest. Then buy demand will slowly fade aways, making the coins next to worthless because of less of interest.

I think if the supplies of bitcoin will goes to zero the bitcoin price will go higher because the demand will increase but this will be the end of bitcoin life, since no supply no one investor wait for the supplies to be available they will think that the bitcoin is not good enough for investment because the supply is short for the investors.

serjent05

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Quote from: rapazev on October 16, 2016, 12:29:58 PM

supply and demand...
the supply will go zero (no one selling) but the demand will keep growing, so the price will grow too.

that would be the perfect scenario for bitcoin lovers.

This will happen in the first place, since there is no one selling the price of bitcoin will slowly get higher because of the demand. If the holder dont give in with the demands, it maybe possible that buyer will lose interest. Then buy demand will slowly fade aways, making the coins next to worthless because of less of interest.

BeGoods

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Quote from: SquallLeonhart on October 15, 2016, 07:08:33 AM

Quote from: DrGuns4Hands on October 15, 2016, 06:42:46 AM

Economically speaking, if no one spends bitcoin then it will go down. Just like the currency in one country. it depends on supply and market.

Yes if everyone stops using it then it will have a very bad effect on its price and it can go down extremely and it may not rise after that and that will make bitcoin a weaker currency.

I think it will not happen when bitcoin users still have, really what was said that bitcoin will live if there is market demand and that the market demand will continue to exist if the bitcoin users continue to exist, if it occurs naturally bitcoin users no longer exist

Chennai

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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.

Bitcoinbro

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Quote from: rapazev on October 16, 2016, 12:29:58 PM

supply and demand...
the supply will go zero (no one selling) but the demand will keep growing, so the price will grow too.

that would be the perfect scenario for bitcoin lovers.

The value is determined by supply and demand, however no transactions means no blocks, no blocks mean no miners and thus the end of bitcoin. So if people don't use their bitcoins, it will be bad for bitcoin in the end. Very bad if this sustains for at least a period of weeks.

Anemed

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Quote from: terman45x on October 16, 2016, 03:27:32 AM

If no one spends their bitcoin then I think price will never go higher in future and it will saturate the markets but I don't think that will happen as we know that people are actively spending their coins in gambling and trading.

Will nothing happen very soon. The economy market would still be functioning. The price would go high but very soon it might end up with no value so. So circulation of the currency is the machine for a currency to keep its values to the mark always. If there is no circulation, there will be a demand in supply though it is digital currency. Lets all drive towards its existence always as it yields benefits to us.

rapazev

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supply and demand...
the supply will go zero (no one selling) but the demand will keep growing, so the price will grow too.

that would be the perfect scenario for bitcoin lovers.

rababo

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It's impossible to happen, but if this is happen someday, the price might be stuck. And if this still going on, the price might go down because there's no movement on the price and people would dump their bitcoin.

ajun96

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Quote from: hawkins on October 13, 2016, 04:52:10 PM

I began to think that bitcoin prices may be stable or slowly descend. if there is no deal at all, then it's no use bitcoin, and bitcoin it may cause the price to be stable, does not rise and fall in a long time, before bitcoin prices actually fell. but, I think it will not happen, because it would always be used bitcoin

I think if it happens naturally occurring not only stable prices but prices will tend to fall, I'm not sure that there are still users when no transactions in bitcoin, surely everyone will leave bitcoin before it happens ?

terman45x

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If no one spends their bitcoin then I think price will never go higher in future and it will saturate the markets but I don't think that will happen as we know that people are actively spending their coins in gambling and trading.

CoinBreader

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Quote from: danherbias07 on July 14, 2016, 04:11:51 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 the right definition for that question should be , what if no one sell btc what it would happen.. Wink

zimmah

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if no one spends bitcoin it's useless as a currency

luckily that's not the case, so we're fine.

calkob

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Quote from: danherbias07 on July 14, 2016, 04:11:51 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

You dont seem to understand how the fiat economy and money system is set up, it constantly requires people to borrow money and spend it for the economy to expand, it is a very dangerous system that keeps the rich rich and the poor poor.

Bitcoin is a completely different system which is why it has been so successful and will become more so as the economy goes pear shaped again.

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