In my opinion thats the only possibility for current tiny block sizes to be enought space for the ocasional transactions, probably only to exchanges to sell the coin. Im not sure if Bitcoin can have current value if you could not use it anywhere, probably the price would be similar to 2012 levels when you could not use the Bitcoin anywhere as well.
For the above I expecting noone going to accept Bitcoin anymore once people completly stop spending the Bitcoin. For the record, while most Bitcoin is just held today, still enought is spend for this scenario not to happen.
Topic: If no one spends bitcoin what might happen? - page 71. (Read 52622 times)
In my opinion the price of Bitcoin would lower down or would stable its price,since no one spends it. If the supply is enough but the demand is less then there would be an imbalance which we could see a bad result.
Got one question. In every transaction that we do there is a transaction fee right? Where do those transaction fee go? What is the purpose of the ledger in mining? Aint it the transaction details? So we need to transact more for the ledger to move?
From my own put of view, if no one spend bitcoin, the value of the crypto currency will reduce drastically, maybe from 645$ per btc to 1$ per btc
it will be bad for bitcoin the worst scenario for a long term is bitcoin will disappear, its the flow of transaction that keep bitcoin alive and the one that makes bitcoin price stable, so if no one spend it in short time it can cause the price to be fluctuate
People who are using it as a currency are definitely spending their coins, and majority of users are spending it on gambling so I don't think that people are only saving without spending.
But we know there is a large percentage who are just waiting right? They buy and let it rot unlike some including me who uses it, trade it, or exchange it to fiat. So with minimal person that are spending then fluctuations can also affect it.
People who are using it as a currency are definitely spending their coins, and majority of users are spending it on gambling so I don't think that people are only saving without spending.
It's impossible not to use Bitcoin, transactions are happening all the time. You can't just stop this circle and that is certainly not the way how tow regulate or influence the price.
then there will be a shortage of bitcoin in the market and the price will bitcoin will increase very high. because the demand will increase. I think that will be the alarming situation then because every one will wish to buy the bitcoin and no one will be ready to sell it.
A regulation of bitcoin is required in order to give life to bitcoin, we now that when we hold bitcoin for longer the demand increases and so the price also increases, but think when everyone will not use their bitcoin and every person will keep their coins in their wallet, then the market will not bother to implement the bitcoin payment system and in that way bitcoin will lost its value.
not the price is still going to fluctuate, because bitcoin unlike fiat is an investment also so even if there were zero usage the price could go up and down. the usage is just like a bonus on this great investment which is also driving the price up
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.
We dont want to be repeating that history that made economy of the USA down. That is why other countries got some economy problem also. If people are getting used to just saving it and would just spend money for the necessary ones then it will be a real problem.
Yeah to take price of bitcoin to a higher level I think the circulation of bitcoins should be in higher proportion and that is only possible when people will start spending their coins like other fiat currencies.
Answering the question what might happen, I know bitcoin will continue to be popular and known but yes if no one will spend it and no one will sell it, then it will not circulate and there will be no demand. So the price will be stable at first and can be low(well it can also make some people to sell, because they won't let their earnings to be nonsense). But somehow the possibility of price increase will still be there, and made some people sell their coins too imo.
USA and bitcoin are very different soo dont compare them as makes no sense. If bitcoin wouldnt be spent bitcoin value would be 0, even worthing 600 dollars if you arent doing nothing with them or wont do they are the same has nothing, soo this would kill bitcoin as miners wouldnt be able to profit as they couldnt sell their coins leaving a security problem at bitcoin and the death of it maybe.
It is US$ not USA.
I am not comparing them it is to set an example. And I didnt understand the next sentences that you made. Better make it more like a real "sentence".
If everybody will not spend their bitcoins then bitcoin will lose its monetary value since nobody will buy since nobody will sell. There will be no more increase in demand since there will be no more bitcoin consumers. It ma possibly lead to bitcoin death. As its value goes down no one will buy anymore even if somebody sells it.
i've probably spent about 1-5% of the bitcoin i've obtained. the rest got traded or put away. i don't give it monetary value based on what i can buy with it.
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
If everybody will not spend their bitcoins then bitcoin will lose its monetary value since nobody will buy since nobody will sell. There will be no more increase in demand since there will be no more bitcoin consumers. It ma possibly lead to bitcoin death. As its value goes down no one will buy anymore even if somebody sells it.
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
If people stop spending bitcoin, it wont make much difference.Bitcoin is majority bought rather than earned.Even if people dont spend them,they will continue to trade them hence growing bitcoin economy 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
People are already not spending bitcoin. There is only a small amount of bitcoin moving hands consistently.
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.
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.
We dont want to be repeating that history that made economy of the USA down. That is why other countries got some economy problem also. If people are getting used to just saving it and would just spend money for the necessary ones then it will be a real problem.
Yeah to take price of bitcoin to a higher level I think the circulation of bitcoins should be in higher proportion and that is only possible when people will start spending their coins like other fiat currencies.
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?
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