If no one spends bitcoin what might happen? - page 57.

Oilacris

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Quote from: genos on October 12, 2016, 06:06:19 AM

Quote from: madwica on October 11, 2016, 09:51:25 PM

Quote from: springgers on October 11, 2016, 08:19:44 PM

This make me ask a question, how many Bitcoins are movimented in a month? and how many are "frozen"?
I say one day a thread here have some statistics about the number of Bitcoins that never got transfered to another wallet... Don't know if the people lost the wallet or just holding...

No one here can calculate the transactions of bitcoin every month even everyday, and also we do not know if they just hold or they lost their bitcoin wallet.
But for me if users keep holding and do not spending their coin the demand will fall down and also the price was affected it will fall down to.

the flowing of currency is very very important. Event bitcoin is need to flowing to still appear. Holding bitcoin is a good for investment but. It is not good for bitcoin future. We must return the bitcoin function as a currency.

I agree with you bitcoin ecosystem needs to move and with the way of spending our bitcoin so that it could cycle same as you said. Holding bitcoin isnt bad at ll since we could able to make money with that but its not helping the bitcoin ecosystem for it to grow in the future. If no one spends it bitcoins for sure bitcoins price would be stuck on the current price and we wouldnt see any movement of it.

chineseprancing

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Quote from: genos on October 12, 2016, 06:06:19 AM

Quote from: madwica on October 11, 2016, 09:51:25 PM

Quote from: springgers on October 11, 2016, 08:19:44 PM

This make me ask a question, how many Bitcoins are movimented in a month? and how many are "frozen"?
I say one day a thread here have some statistics about the number of Bitcoins that never got transfered to another wallet... Don't know if the people lost the wallet or just holding...

No one here can calculate the transactions of bitcoin every month even everyday, and also we do not know if they just hold or they lost their bitcoin wallet.
But for me if users keep holding and do not spending their coin the demand will fall down and also the price was affected it will fall down to.

the flowing of currency is very very important. Event bitcoin is need to flowing to still appear. Holding bitcoin is a good for investment but. It is not good for bitcoin future. We must return the bitcoin function as a currency.

Agree with you it has big effect on the bitcoin existence we should need to set % of our bitcoin to spend and to have big portion in investment. Do not stack up your bitcoin in long time that is not good in the health of bitcoin.

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Quote from: genos on October 12, 2016, 06:06:19 AM

Quote from: madwica on October 11, 2016, 09:51:25 PM

Quote from: springgers on October 11, 2016, 08:19:44 PM

This make me ask a question, how many Bitcoins are movimented in a month? and how many are "frozen"?
I say one day a thread here have some statistics about the number of Bitcoins that never got transfered to another wallet... Don't know if the people lost the wallet or just holding...

No one here can calculate the transactions of bitcoin every month even everyday, and also we do not know if they just hold or they lost their bitcoin wallet.
But for me if users keep holding and do not spending their coin the demand will fall down and also the price was affected it will fall down to.

the flowing of currency is very very important. Event bitcoin is need to flowing to still appear. Holding bitcoin is a good for investment but. It is not good for bitcoin future. We must return the bitcoin function as a currency.

Moving bitcoins to and fro (for example, from exchange to exchange in pursuit of quick profits) won't turn Bitcoin into a currency per se. We need wider adoption of Bitcoin between merchants accepting it as a means of payment. Only that would count towards using Bitcoin as a currency, since this is what the idea of money primarily consists in. That is, in facilitating the free exchange of goods and services...

Otherwise, Bitcoin is no more than a speculative financial asset and vehicle for profiteering

genos

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Quote from: madwica on October 11, 2016, 09:51:25 PM

Quote from: springgers on October 11, 2016, 08:19:44 PM

This make me ask a question, how many Bitcoins are movimented in a month? and how many are "frozen"?
I say one day a thread here have some statistics about the number of Bitcoins that never got transfered to another wallet... Don't know if the people lost the wallet or just holding...

No one here can calculate the transactions of bitcoin every month even everyday, and also we do not know if they just hold or they lost their bitcoin wallet.
But for me if users keep holding and do not spending their coin the demand will fall down and also the price was affected it will fall down to.

the flowing of currency is very very important. Event bitcoin is need to flowing to still appear. Holding bitcoin is a good for investment but. It is not good for bitcoin future. We must return the bitcoin function as a currency.

crossabdd

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if no one spending bitcoin, bitcoin will be die, because no people interesting to accept bitcoin, no people using bitcoin, and no marketplace in bitcoin.

Ryananda

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If no one is using bitcoin it would be very bad for the development of bitcoin. To be sure bitcoin will not be developed because there was no circulation bitcoin. And bitcoin could be dead if it happens. Because of advances in bitcoin greatly be affected the use bitcoin.

boyptc

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Then there is no fluctuation of the price that will happen for there is no source of flowing of bitcoin in the circulation. So if no one spends bitcoin then what is going to happen the bitcoin will die little by little. And this is not going to help the ecosystem of bitcoin so that is why we need to keep on using bitcoin.

madwica

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Quote from: springgers on October 11, 2016, 08:19:44 PM

This make me ask a question, how many Bitcoins are movimented in a month? and how many are "frozen"?
I say one day a thread here have some statistics about the number of Bitcoins that never got transfered to another wallet... Don't know if the people lost the wallet or just holding...

No one here can calculate the transactions of bitcoin every month even everyday, and also we do not know if they just hold or they lost their bitcoin wallet.
But for me if users keep holding and do not spending their coin the demand will fall down and also the price was affected it will fall down to.

springgers

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This make me ask a question, how many Bitcoins are movimented in a month? and how many are "frozen"?
I say one day a thread here have some statistics about the number of Bitcoins that never got transfered to another wallet... Don't know if the people lost the wallet or just holding...

mastica

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Thats something that wont happen, otherwise crypto world will frozen, we do use bitcoins for trade altcoins and to make anything at exchanges, atleast we can trade our bitcoins against any currencie, if that stops crypto world stop as well.

StoreBit

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i think if no one use bitcoin then the price of bitcoin will fell down to a very very low level and bitcoin will become a devalued currency and no one will take any interest to invest in bitcoin and then people will find some other crypto currency to use.

mark coins

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Quote from: requester on October 11, 2016, 11:13:27 AM

well ours a nice question because now a days many traders are holding bitcoin for price rise but if no one spend our buy bitcoin then there would be no competition in bitcoin rate and it's price will touch bottom because when no one is buying bitcoin then obviously it's rate would drop down.

Yeah if no one spends then it will surely affect its price very badly but I don't think that will ever happen as most of the users will prefer to spend them on gambling and trading which will help the circulation.

requester

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well ours a nice question because now a days many traders are holding bitcoin for price rise but if no one spend our buy bitcoin then there would be no competition in bitcoin rate and it's price will touch bottom because when no one is buying bitcoin then obviously it's rate would drop down.

Frank Alister

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I believe that many would try to bring down the price of btc or begin to move there again either because they believe that it no longer deserves it's value or due to FUD.

bitbunnny

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This is a question about the thing that could never happen. It's like you say that no one will spend fiat money. You can't influence or prevent that. If in some fiction this would have happened that could influence the price, but like I've said, only in fiction and not applicable in real situation.

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Quote from: GermanFoobla on October 11, 2016, 10:19:44 AM

If nobody is going to spend there Bitcoin then the value of the Bitcoin is going to keep being stable and because of that we cannot sell for a profit.
The price is then not going to get any higher and that can be something bad for Bitcoin.

Too bad. The merchants wont see bitvoin as a good way to transact so they will not include it with the list of payment options. Lazada a known online store dont have a bitcoin payment option that is one example that they are not considering to use it.

GermanFoobla

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If nobody is going to spend there Bitcoin then the value of the Bitcoin is going to keep being stable and because of that we cannot sell for a profit.
The price is then not going to get any higher and that can be something bad for Bitcoin.

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Quote from: dharkmadder on September 30, 2016, 07:45:29 AM

I doubt that can happen, That's the same as saying that people won't use money as people don't coordinate like that and everything is random... Anyway if that happen "regardless of how improbable of it to happen" I think the price would increase if there is still demand and buyers.

The bitcoin price will rise when there is good amount of bitcoin being used to buy things by the people.

dharkmadder

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I doubt that can happen, That's the same as saying that people won't use money as people don't coordinate like that and everything is random... Anyway if that happen "regardless of how improbable of it to happen" I think the price would increase if there is still demand and buyers.

molsewid

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Quote from: danherbias07 on July 14, 2016, 05:11:51 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

It will not go down if you can see the patern of the pricing of the bitcoin since 2014 till 2016 you will the patern of the price and in the year 2017 there are lots of features that bitcoin will happens just let us wait and don't be too excited on what will happens on the future of 2017

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