Topic: If no one spends bitcoin what might happen? - page 55. (Read 52605 times)
If that happens then it's definitely going to be negative for bitcoin and the overall market and value would fall, HOWEVER I don't think that would happen because even with intention it would be impossible to stop people from using something worldwide.
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.
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.
I don't think people are going to completely stop using BTC at all, because it's impossible IMO for such a group of people to make the same choice regarding spending unless there is some big issue related to bitcoin in general.
People will stop spending them only if price falls to extreme level and in that case they will prefer to hold them and wait for the price rise and if it falls there will be many who will prefer to buy them.
Bitcoin value depends on supply and demand.
If a greater demand value will rise and vice versa, lower demand and value will go down.
At the moment, a lot people have Bitcoin funds in their wallets and it's not realistic that they will give up from their Bitcoins.
Even if value of Bitcoin will go down a lot, still it will be possible to buy something for any amount of BTC or trade in the market.
So, always somebody will need Bitcoin, don't worry about it.
If a greater demand value will rise and vice versa, lower demand and value will go down.
At the moment, a lot people have Bitcoin funds in their wallets and it's not realistic that they will give up from their Bitcoins.
Even if value of Bitcoin will go down a lot, still it will be possible to buy something for any amount of BTC or trade in the market.
So, always somebody will need Bitcoin, don't worry about it.
I don't think people are going to completely stop using BTC at all, because it's impossible IMO for such a group of people to make the same choice regarding spending unless there is some big issue related to bitcoin in general.
i think there are two conditions for that, the first is that if people are holding bitcoin and not ready to spend it for the price increase then the price of bitcoin will increase so high no doubt about that, and the second is that if people reject to use bitocin then the price will fell down to a very very low level and that will be then alarming situation.
I think every people will spend money everyday. Purpose people to join cryptocoin is to get more money for them life. But when some people more likely to save their money its wouldn't effect to market.
Bitcoin will be more expensive if bitcoin will be not spending on everyday but the purpose of people that they using cyrptocurrencies and because they want to earn money and for them to life and living with bitcoin they can really make money and this is impossible that every stop spending. 
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 think there is a tendency that the price of bitcoin will goes down, but even if happen for sure there will be more buyers of bitcoin will appear.
Moreover, I don't think that the member of this forum or in bitcoin world will stop spending bitcoin. I really don't think so it will happen!
People aren't really spending their coins that much already. It's either them using it solely for investment purposes, or they gamble with it. People actually spending their coins as in purchasing things, are a far minority.
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
IF more users stop spending their bitcoin i think bitcoin price will goes down because of the low of demand. Spending bitcoin can help the bitcoin more stronger because it will be the basis of the market that bitcoin has more users and the demand will always increasing.Wrong, why stop speding will lower the demand? It will be impossible to buy since none will sell...
It's like any other thing... Bitcoin will frozen or break...
There might be less Bitcoin for sale, but it's aso possible that Bitcoin would become just a means of investment, which would drive prices up.
The worst case scenario that can happen is bitcoin will going to die since nobody is using it. It will be just there hanging on nothing and it will not go on it's cycle anymore that's why it might disappear when that happens. But let's hope that this thing will never happen because it is really a not good idea that bitcoin will be not going to use by everyone here. It is really impossible, bitcoin is really popular for that kind of thing to happen.
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
IF more users stop spending their bitcoin i think bitcoin price will goes down because of the low of demand. Spending bitcoin can help the bitcoin more stronger because it will be the basis of the market that bitcoin has more users and the demand will always increasing.Wrong, why stop speding will lower the demand? It will be impossible to buy since none will sell...
It's like any other thing... Bitcoin will frozen or break...
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
IF more users stop spending their bitcoin i think bitcoin price will goes down because of the low of demand. Spending bitcoin can help the bitcoin more stronger because it will be the basis of the market that bitcoin has more users and the demand will always increasing. 
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
If no one will spend their coins that it will not help bitcoin price goes higher in future which will lead bitcoin to be a weaker currency in future, if we want that bitcoin should grow then we need to spend it like other currencies.
If nobody spends bitcoin,then bitcoin will be dead.
Forget about rise or fall of btc price,btc will be 100% dead.
A currency is strong as long as the people use it to buy goods and services.
if no one spends any bitcoin it loses its value as a form of currency.it becomes a currency that doesnt transact.
Also if everyone just holds their bitcoin, this decreases the amount of bitcoins being sold to essentially 0,meaning the buy price would go up drastically, therefore increasing the value.
Literally that too only has the possibility to be happened. Because, all the people will not take one single decision of not spending. So, there would be some people who will be spending some bitcoin for their own reasons. So, the possibility of having some bitcoin movements across people will be occurring somewhere for sure. Due to less availability of bitcoins for buying, the value of bitcoin will skyrocket. Also if everyone just holds their bitcoin, this decreases the amount of bitcoins being sold to essentially 0,meaning the buy price would go up drastically, therefore increasing the value.
if no one spends any bitcoin it loses its value as a form of currency.it becomes a currency that doesnt transact.
Also if everyone just holds their bitcoin, this decreases the amount of bitcoins being sold to essentially 0,meaning the buy price would go up drastically, therefore increasing the value.
Also if everyone just holds their bitcoin, this decreases the amount of bitcoins being sold to essentially 0,meaning the buy price would go up drastically, therefore increasing the value.
That is absolutely right. That is the reason that some of us should use the bitcoin to make it useful.
if no one spends any bitcoin it loses its value as a form of currency.it becomes a currency that doesnt transact.
Also if everyone just holds their bitcoin, this decreases the amount of bitcoins being sold to essentially 0,meaning the buy price would go up drastically, therefore increasing the value.
Also if everyone just holds their bitcoin, this decreases the amount of bitcoins being sold to essentially 0,meaning the buy price would go up drastically, therefore increasing the value.
If no one spends their bitcoin, it would defeat the purpose of it being a currency. There should be a balance between using and holding our bitcoins. Sometimes I am guilty of holding them for too long without doing any purchases. But because I primarily own bitcoin because of its speculative nature, I just hold most and just spend a little.
Yes, it is not good to hold bitcoin for a long time because maybe it will fall down or it would collapse and all your bitcoin will gone so its very sad to think that it happens that you. Then the market will always be stable, and the value will still the same, and also then the users will be not interested anymore if no one spends bitcoin and still the value will still the same.
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