Topic: If no one spends bitcoin what might happen? - page 65. (Read 52622 times)
if people stop spending/supplying bitcoins to each other than that will be a nightmaer because first the price will start rising a little but if these fools do not spend it then also so then the price will be crashed because it will create a shortage in network and then it will be 0
Spending is inevitable because you have to pay what are you using like electricity or your internet at home . But if you are using real money yes it is possible to just save your bitcoin on your wallet but BTC can change its price like what is happening now.
First, by 'spend' do you mean 'send'? Because spending is sending but "sending" is no always "spending"
Well I think it won't happen, because no one will just keep their Bitcoin in one wallet and don't move it anywhere. And if it will actually happen, it won't take a long time because people need to send their Bitcoin.
Well I think it won't happen, because no one will just keep their Bitcoin in one wallet and don't move it anywhere. And if it will actually happen, it won't take a long time because people need to send their Bitcoin.
Two scenarios:
If no one spends bitcoin, and miners refuse to sell/hoard bitcoin, the price will go up. This is supply restriction.
If no one spends bitcoin, and miners dump on exchanges trying to make ROI, the price will go down. Supply has increased and there is less speculative interest, or demand. This is demand restriction.
This is the beauty of bitcoin however; if the price gets too low, miners will stop mining and difficulty will decrease, enticing more miners to join. Inversely, price gets ahead of itself and miners will dump, bringing the price back down to earth.
If no one spends bitcoin, and miners refuse to sell/hoard bitcoin, the price will go up. This is supply restriction.
If no one spends bitcoin, and miners dump on exchanges trying to make ROI, the price will go down. Supply has increased and there is less speculative interest, or demand. This is demand restriction.
This is the beauty of bitcoin however; if the price gets too low, miners will stop mining and difficulty will decrease, enticing more miners to join. Inversely, price gets ahead of itself and miners will dump, bringing the price back down to earth.
Best answer.
Thank you very much for making it all clear. Now I understand more about the economy of bitcoin.
Ohh.. I am all satisfied now.
Two scenarios:
If no one spends bitcoin, and miners refuse to sell/hoard bitcoin, the price will go up. This is supply restriction.
If no one spends bitcoin, and miners dump on exchanges trying to make ROI, the price will go down. Supply has increased and there is less speculative interest, or demand. This is demand restriction.
This is the beauty of bitcoin however; if the price gets too low, miners will stop mining and difficulty will decrease, enticing more miners to join. Inversely, price gets ahead of itself and miners will dump, bringing the price back down to earth.
If no one spends bitcoin, and miners refuse to sell/hoard bitcoin, the price will go up. This is supply restriction.
If no one spends bitcoin, and miners dump on exchanges trying to make ROI, the price will go down. Supply has increased and there is less speculative interest, or demand. This is demand restriction.
This is the beauty of bitcoin however; if the price gets too low, miners will stop mining and difficulty will decrease, enticing more miners to join. Inversely, price gets ahead of itself and miners will dump, bringing the price back down to earth.
If none spends bitcoin, the circulation of bitcoin gets decreased. This decrease in circulation reduces the price same as that what is happening now.
That's right but there are two possibilities in my minds, if none spends bitcoin, maybe they circulation will decrease. you don't need to forget the bitcoin is become rarely and there are possibilities for bitcoin to getting an increase the price if the demand is an increase but otherwise from that they will decrease if the demand is decreased time to time.Yes if no one will spend bitcoin then it will surely have a great impact on the price of bitcoin, to make bitcoin a stronger currency we need to circulate bitcoin in the market.
If none spends bitcoin, the circulation of bitcoin gets decreased. This decrease in circulation reduces the price same as that what is happening now.
That's right but there are two possibilities in my minds, if none spends bitcoin, maybe they circulation will decrease. you don't need to forget the bitcoin is become rarely and there are possibilities for bitcoin to getting an increase the price if the demand is an increase but otherwise from that they will decrease if the demand is decreased time to time.
then bitcoin would just not exist i guess
what proportion of bitcoin is actually spent? i'm gonna guess that it's not very much. using it for shopping and all is cool but i think it's a little bit of a sideshow. most of the action is trading it and speculating.
the bigger question is if no one speculates on bitcoin what might happen?
the bigger question is if no one speculates on bitcoin what might happen?
Same thing: the Bitcoin collapse would take place. Just like Gold, Silver and all the others: magnates are taking care of them, so they will rise or fall whenever they want to.
Yes. Other currency will take over bitcoin. That will be bad because maybe if that will happen in the future, maybe bitcoin will be dumped at trading sites.
We can use bitcoin to use in malls but it needs to convert to giftcard before we can use in malls in any shops inside the mall...
If no one spends or trades bitcoin the price will drop as there will be no demand but quite a bit of supply. But this does not just go for bitcoin the supply-demand trend is relevant for the property market and also stocks.
If none spends bitcoin, the circulation of bitcoin gets decreased. This decrease in circulation reduces the price same as that what is happening now.
Yeah, that is certainly true. because all trades or goods, etc. has an economy that's been there since long ago. This is something that will always happen until whenever. However this would not be bad if everyone is still using bitcoin and progressively increasing user bitcoin wordwide. For a while the price of the Bitcoin depending on Halving performed by miners and after mining is exhausted then the results will influence the market price is the
Oh thats sad he didnt finish the sentence. Sure thing there is like an economy also here. Now they have kept all their coins and just adding up some more. That is why it stopped from going down again.
If none spends bitcoin, the circulation of bitcoin gets decreased. This decrease in circulation reduces the price same as that what is happening now.
See. I thought so.
I dont think the "hackers" (created by them or not) will sell it right away after getting it. There will be someone who will be monitoring transactions so they will keep it safe first.
But right now I know no one is selling. I know it because I cant do my loading business also. I say to my customers I have no funds for the meantime.
what proportion of bitcoin is actually spent? i'm gonna guess that it's not very much. using it for shopping and all is cool but i think it's a little bit of a sideshow. most of the action is trading it and speculating.
the bigger question is if no one speculates on bitcoin what might happen?
the bigger question is if no one speculates on bitcoin what might happen?
Same thing: the Bitcoin collapse would take place. Just like Gold, Silver and all the others: magnates are taking care of them, so they will rise or fall whenever they want to.
Yes. Other currency will take over bitcoin. That will be bad because maybe if that will happen in the future, maybe bitcoin will be dumped at trading sites.
If none spends bitcoin, the circulation of bitcoin gets decreased. This decrease in circulation reduces the price same as that what is happening now.
Yeah, that is certainly true. because all trades or goods, etc. has an economy that's been there since long ago. This is something that will always happen until whenever. However this would not be bad if everyone is still using bitcoin and progressively increasing user bitcoin wordwide. For a while the price of the Bitcoin depending on Halving performed by miners and after mining is exhausted then the results will influence the market price is the
If no one spends bitcoin that's will affect Bitcoin itself, and may be the price decrease as result of this behavior. But i think people continue always to spend bitcoins even if there is some holders
If none spends bitcoin, the circulation of bitcoin gets decreased. This decrease in circulation reduces the price same as that what is happening now.
Just always remember the Law of Supply & Demand 
, when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item decreases.
, when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item decreases.There is a law like that? Well then thank you for that. I am still looking for some answers with what could happen and I think you hit the spot.
Not all people know that. I have just read it and saw that it is about economics and investments law. I am not into those kind of things until now. I am sorry and thank you for informing me.
Edit: Oh and its not actually a law. It is more like a theory.
Just always remember the Law of Supply & Demand , when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item decreases.
, when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item decreases.There is a law like that? Well then thank you for that. I am still looking for some answers with what could happen and I think you hit the spot.
Yes its all about the supply and demand law. If no ones uses or spending bitcoin in future the price of bitcoin would gradually increase since the demand is there and the supply decreases since others also said that miners isnt fast enough to cope up the demand thats why the supply is scarce and that thing would rose the price of bitcoin.
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 don't think that the price will be the same at that time, if nobody spends bitcoin then means that people are just mining and not spending their earnings which means that if there are more people that are interested to buy bitcoin and nobody is spending/selling them then the price probably will be increased, but if this period is supposed to be very long then the people's interest on bitcoin will be dropped and the price will fall down too.
Well, I am not an expert but I would answer using my li’l bit knowledge about it. A basic required thing for growth of any currency is in the circulation. When A spends a X currency, B receives it. When B re spends it the C receives it, but now again A wants to buy something using X currency so he pays C in some other ways to own X currency (A’s contribution might be more than the value of currency X) so the additional value gained by C with his X currency is called profit of C and growth of currency, now this cycle continues and currency keeps growing. If someone having currency will stop spending it, no one will be able to use it and then no one would demand it and eventually price of that currency will fall down.
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