I am still not understanding that why people ask such impossibilities ? And post on Bitcointalk.
I will suggest to understand what is Bitcoin means properly.
"Bitcoin is first decentralized virtual digital p2p crypto currency." If understand meaning of each and independent word mentioned it will clear doubt about thinking of such non happening things.
And its simple to understand that if people believe in things then it becomes valuable and if people dont like them then its become so cheap/ non valuable.
But its already proved that Bitcoin brings revolution. And already bitcoin have stable and sustainable network of active users globally.
Topic: If no one spends bitcoin what might happen? - page 61. (Read 52622 times)
it will be disaster, without the spending there wont be any mining and without all of that bitcoin will become stagnant and its going to be affected to the price, if everybody keep saving and not spending then bitcoin will get weaker and in the end will be no value, so its good to save but we also need to spend to maintain the bitcoin value
If no-one is spending their coins then what will happen is there will be no demand for Bitcoin because there will be no supply for it, and the value will plummet because there is absolutely zero economic movement happening with which the currency is able to find value. This is of course one of the wrost-case scenarios for Bitcoin and something like this is incredibly unlikely, but it is a legitimate concern for some people. I personally wouldn't worry about something like this.
This question just popped out because of the frequent comment of people that they should be just keeping their bitcoins.
I know you could see that too. Yes it have a low percentage that it might happen but with a large group of people that is rotting their coins it might affect the economy too.
If no-one is spending their coins then what will happen is there will be no demand for Bitcoin because there will be no supply for it, and the value will plummet because there is absolutely zero economic movement happening with which the currency is able to find value. This is of course one of the wrost-case scenarios for Bitcoin and something like this is incredibly unlikely, but it is a legitimate concern for some people. I personally wouldn't worry about something like this.
I think it will raise a crisis in crypto world.but its impossible to happen.unlike other crypto currency.bitcoin was well establish on the beginning and it has strong foundation.thats why many of us love's bitcoin.cos it uses is very useful in daily transaction.
If no one spends bitcoin then it will limit the potential uses of bitcoin and it's value will stay low. It would only be used as a way to hold money. I would expect that it will be used for purchases and transfers if bitcoin ever becomes very popular.
If all the Bitcoin users refuse the spend their Bitcoin and decide to just hold all of them, then the price of Bitcoin will not move. Bitcoin's price will not increase, it will not decrease as well. No movement will be detected until somebody decides to sell their bitcoin or until somebody enters the bitcoin world and decide to invest some money into Bitcoin.
I disagree with this if no one spends bitcoin, it means that there is not a bitcoin economy, and if that happens then that means that there´s not demand for bitcoin and then the price will plummet like a rock. If all the Bitcoin users refuse the spend their Bitcoin and decide to just hold all of them, then the price of Bitcoin will not move. Bitcoin's price will not increase, it will not decrease as well. No movement will be detected until somebody decides to sell their bitcoin or until somebody enters the bitcoin world and decide to invest some money into Bitcoin.
Obviously and that actually never happens because there are always people for selling or buying bitcoins because the community or the user database of bitcoin is too large so if someone holds his coins then someone else sells them because he needs money.
I'm pretty sure that only maybe 25% of people buying coins right now are selling them.
Most people are buying and holding (speculation)
or trading when the price changes (big time traders)
That is why the price is not moving much right now, I think.
We need more users actively spending if we want the price to rise, although a steady price is much better than a volatile coin that can lose its value.
Most people are buying and holding (speculation)
or trading when the price changes (big time traders)
That is why the price is not moving much right now, I think.
We need more users actively spending if we want the price to rise, although a steady price is much better than a volatile coin that can lose its value.
I agree, for bitcoin price to move, we need a new investors or make it actively circulating in the economy. One of the reason of the stable price is that there is not much of the coming demand and most are holding, which eventually lead to boredom to some investors and eventually price decline due to selling holdings and switching to more profitable trades.
I'm pretty sure that only maybe 25% of people buying coins right now are selling them.
Most people are buying and holding (speculation)
or trading when the price changes (big time traders)
That is why the price is not moving much right now, I think.
We need more users actively spending if we want the price to rise, although a steady price is much better than a volatile coin that can lose its value.
Most people are buying and holding (speculation)
or trading when the price changes (big time traders)
That is why the price is not moving much right now, I think.
We need more users actively spending if we want the price to rise, although a steady price is much better than a volatile coin that can lose its value.
Nothing happens, the market would still function because the speculation will never end. There will always be supply and demand of Bitcoins going on, keeping the market alive, even if people dont use to to buy groceries.
you are right, i think people would still buying their bitcoins then even though they wouldnt be able to sell it, i think that bitcoins are really great to use for shopping 
The price will go down but I think that It's impossible for people to not spend money so I don't see the situation where no one else is spending bitcoin coming
Bitcoin value will increase if there are many demand on it.
I'm sure this will be the most wanted currency that ever live on earth
I'm sure everyone will buy bitcoin and the value will increased exponentially
Doesn't the price go down when a lot of people are spending Bitcoin in shops that immediately convert those Bitcoins to fiat? I'm sure this will be the most wanted currency that ever live on earth
If all the Bitcoin users refuse the spend their Bitcoin and decide to just hold all of them, then the price of Bitcoin will not move. Bitcoin's price will not increase, it will not decrease as well. No movement will be detected until somebody decides to sell their bitcoin or until somebody enters the bitcoin world and decide to invest some money into Bitcoin.
I'm sure everyone will buy bitcoin and the value will increased exponentially
If all the Bitcoin users refuse the spend their Bitcoin and decide to just hold all of them, then the price of Bitcoin will not move. Bitcoin's price will not increase, it will not decrease as well. No movement will be detected until somebody decides to sell their bitcoin or until somebody enters the bitcoin world and decide to invest some money into Bitcoin.
not spending is different from not trading. because even if there is no spending there will be traders on exchanges trading bitcoin for fiat.
not spending bitcoin means no usage for bitcoin (which will never happen) so in that case the price will be like an altcoin below $10 because there is not any real demand to keep the price up in that scenario.
If all the Bitcoin users refuse the spend their Bitcoin and decide to just hold all of them, then the price of Bitcoin will not move. Bitcoin's price will not increase, it will not decrease as well. No movement will be detected until somebody decides to sell their bitcoin or until somebody enters the bitcoin world and decide to invest some money into Bitcoin.
Obviously and that actually never happens because there are always people for selling or buying bitcoins because the community or the user database of bitcoin is too large so if someone holds his coins then someone else sells them because he needs money.
Bitcoin value will increase if there are many demand on it.
I'm sure this will be the most wanted currency that ever live on earth
I'm sure everyone will buy bitcoin and the value will increased exponentially
I'm sure this will be the most wanted currency that ever live on earth
If all the Bitcoin users refuse the spend their Bitcoin and decide to just hold all of them, then the price of Bitcoin will not move. Bitcoin's price will not increase, it will not decrease as well. No movement will be detected until somebody decides to sell their bitcoin or until somebody enters the bitcoin world and decide to invest some money into Bitcoin.
I'm sure everyone will buy bitcoin and the value will increased exponentially
If all the Bitcoin users refuse the spend their Bitcoin and decide to just hold all of them, then the price of Bitcoin will not move. Bitcoin's price will not increase, it will not decrease as well. No movement will be detected until somebody decides to sell their bitcoin or until somebody enters the bitcoin world and decide to invest some money into Bitcoin.
If no one spends bitcoins the price of the bitcoin will never be such a high as he is for now i think the price would be around the 10 dollar each and not even more because no one spends.
Well it is simple that when nobody spends the bitcoin the bitcoin will go up really high until a certain ceiling after that it will not go higher and has to be spend to retain value so it will go super high then everybody would sell and the joke starts again. This is what I think would happen though I can't say for sure ofcourse
The flow of a currency is crucial to its existence. If no one would spend bitcoin, it would not take long until its eventual death.
most of the transactions right now are related to buying and selling btc. if btc was on the brink of death people would start selling there btc and this would increase transactions.but also this might create a run and price collapse.
Have some of you thought of that when Bitfinex is told that it is hacked? I think that the real reason that price went down that moment is because people got scared and sold some of their coins, I think even just ROI is sufficient and they left some in case it will be still alive.
Selling will really collapse it. It is different than making using it through buying something.
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