Topic: If no one spends bitcoin what might happen? - page 58. (Read 52622 times)
there may be two conditions in such situation, the one is that if people refuse to use bitcoin then the price of bitcoin will fell down and bitcoin will become devalued. but if people do not want to use and hold it for the future, then the price of bitcoin will sky rocket, because the demand will increase and supply will decrease which will cause the increase the price.
my answers is if no one spend their bitcoin i think the price of bitcoin will doesn't grow and slowly but sure that bitcoin will dead because of that build bitcoin exchange or casinos online who accepting bitcoin won't profitable any longer and bitcoin will have no price
In my own view if we assume it that it would happen on the current state which no one would already spent his bitcoin holdings or shall we say all of us holds our bitcoin on our wallets then it would not make the price move since there no active event happening on bitcoins price which is the most important thing for able to bitcoin to rise its price.
If no one spends bitcoins then the value of bitcoin will go down by alot since there is no use in having something which isn't used.
You would see prices crashing probably and no shop owner would ever want to accept it as payment method.
You would see prices crashing probably and no shop owner would ever want to accept it as payment method.
If nobody would spend Bitcoin, it would obviously fail. If nobody buys Snickers anymore, what happens to it? It fails, and the company will be either sold to someone else or completely vanished. Same thing happens with Bitcoin too. Bitcoin needs transactions in order for the price to be increased. You better use two wallets: savings and spendings.
I think if there are no transactions then BTC wouldn't move at all, Regardless of that it's impossible that no one sends or receive BTC overall, Just by common sense in the same manner that it's impossible that no one uses cash.
If no one spend bitcoin, im pretty sure that the price value of bitcoin is going down. It will decrease into lower price value. Then time goes by it will be worthless and die. Without bitcoin consumer, there is no circulation in the market.
Then obviously the price will rise but if there is no buyer then definitely price will drop to $10 or $100 . It's just my imagination don't v take it seriously. Actually I have no idea of what will happen if your statement proves to be true. I think bitcoin will loss it's popularity and final we will have no user bitcoin.. But I don't want this happen
The price will fall down because there will be no more circulation of BTC in market. The economy depends upon the circulation of money (BTC) in market.
If no one spend their bitcoin, the bitcoin's price will go down and i am sure about that. And bitcoin will be vanished from this world.
Even now, very few people are spending their coins, and there are very few sites which accept Bitcoins. In the long term, this will be detrimental to the value of BTC. The real value of Bitcoin lies in its use as a payment medium. If people are not using it as a payment medium, then its significance and the importance will go down gradually.
yeah if its not used as a currency then it will surely have bad impact on its price and it will not reach to our expected level, so spending it either online or converting to fiat is necessary to make it stronger currency.
bitcoin prices probably will rise if nothing is spent bitcoin. everyone will hold bitcoin they have, so that the transaction will be hampered, and make bitcoin prices rise, but it will happen if bitcoin still be produced. but it's just good possibility, because of possible poor bitcoin prices may be down, but I guess it will be very tough going
spending is not equal to not selling.
if noone spends bitcoin means bitcoin no longer has any real world usage and that will be a bad day for bitcoin because it can lose its popularity so the price will actually go down
Would you consider gambling as spending? If yes, than why should we not consider trading (which you seem to distinguish from spending) as spending too, since trading is not far from gambling essentially? On the flipping side, gambling is basically a service, and money spent in this way is considered as really spent...
If you disagree, explain the fundamental difference between these two activities in the given context
If no one spend their bitcoin, the bitcoin's price will go down and i am sure about that. And bitcoin will be vanished from this world.
Even now, very few people are spending their coins, and there are very few sites which accept Bitcoins. In the long term, this will be detrimental to the value of BTC. The real value of Bitcoin lies in its use as a payment medium. If people are not using it as a payment medium, then its significance and the importance will go down gradually.
It means the end of bitcoin the era of bitcoin is over and new currency will make his name
If no one spent bitcoin, its price would go up because of the incoming investments so bitcoin holders would experience a rise in their funds until they decide that they have enough funds and start to sell. Then its price could go down or up again.
I'm not sure about all the people will not spend bitcoin but we can take a guess work like only 1% of people are spending bitcoin and the rest are saving bitcoin. In this kind of situation price of bitcoin will rapidly grow. Because the zero hour supply will lead to negative consequence whereas very less supply will induce high demand.
You must be right. Practically there will not be any chances for all the people to stop spending, but there are chances only very less people are spending and all others are saving. I guess already this kind of situation is only going on as we are spreading about bitcoins' future value which might have made more people to save their bitcoins.
If no one spend their bitcoin, the bitcoin's price will go down and i am sure about that. And bitcoin will be vanished from this world.
Well people will continue to buy something what they want to buy. But I was wondering why no one spends bitcoin? there must be a valid reason before that happen?
The valid reason behind holding bitcoins is simple, to just grow their value with the time as bitcoin is a currency that grows its value with the time so if someone does not spend his coins his purpose would simply be to have more in coming time.
But if everyone will keep on holding their coins without spending it then it will never contribute to its higher price in bitcoin and it will make bitcoin a weaker currency, so for better future of bitcoin we should spend them.
What you said is correct, until their is no spending of bitcoins we cannot reap the benefits of it and the price will be stable and then automatically the interest on bitcoin investment will go off by most of the users. Trading of bitcoin will make the coins worth more and we can see the price increase only by that way.
That is right. There are many altcoins which are used by nobody. The price is near zero. The more usage, the higher the price.
To a certain extend more usage means a higher price, but that's not necessarily true in every case. Back in 2013 the usage was far less compared to now, but the price has reached far higher price levels. And yes, I know that the MtGox bot Willy played a big role in the ATH, but it was the hype and greed that got the price to reach such levels.
Well people will continue to buy something what they want to buy. But I was wondering why no one spends bitcoin? there must be a valid reason before that happen?
The valid reason behind holding bitcoins is simple, to just grow their value with the time as bitcoin is a currency that grows its value with the time so if someone does not spend his coins his purpose would simply be to have more in coming time.
But if everyone will keep on holding their coins without spending it then it will never contribute to its higher price in bitcoin and it will make bitcoin a weaker currency, so for better future of bitcoin we should spend them.
What you said is correct, until their is no spending of bitcoins we cannot reap the benefits of it and the price will be stable and then automatically the interest on bitcoin investment will go off by most of the users. Trading of bitcoin will make the coins worth more and we can see the price increase only by that way.
That is right. There are many altcoins which are used by nobody. The price is near zero. The more usage, the higher the price.
Well people will continue to buy something what they want to buy. But I was wondering why no one spends bitcoin? there must be a valid reason before that happen?
The valid reason behind holding bitcoins is simple, to just grow their value with the time as bitcoin is a currency that grows its value with the time so if someone does not spend his coins his purpose would simply be to have more in coming time.
But if everyone will keep on holding their coins without spending it then it will never contribute to its higher price in bitcoin and it will make bitcoin a weaker currency, so for better future of bitcoin we should spend them.
What you said is correct, until their is no spending of bitcoins we cannot reap the benefits of it and the price will be stable and then automatically the interest on bitcoin investment will go off by most of the users. Trading of bitcoin will make the coins worth more and we can see the price increase only by that way.
Well people will continue to buy something what they want to buy. But I was wondering why no one spends bitcoin? there must be a valid reason before that happen?
The valid reason behind holding bitcoins is simple, to just grow their value with the time as bitcoin is a currency that grows its value with the time so if someone does not spend his coins his purpose would simply be to have more in coming time.
But if everyone will keep on holding their coins without spending it then it will never contribute to its higher price in bitcoin and it will make bitcoin a weaker currency, so for better future of bitcoin we should spend them.
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