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Topic: If people stop buying bitcoin (Read 7153 times)

MRY
full member
Activity: 518
Merit: 103
April 11, 2018, 03:43:46 AM
I can not imagine what would happen if people stopped buying bitcoins, maybe there would be no more investors and bitcoin prices would be of no value, but I think that's impossible because bitcoin is the king of all coins and remains the most famous and favorite coin
newbie
Activity: 45
Merit: 0
April 11, 2018, 03:27:35 AM
If people stop buying bitcoin, the price of Bitcoin will definitely go down and decrease so fast. But unfortunately, that thing will never happen I guess because everyone in the world are racing to buy and collecting Bitcoin for investment and future purpose. Or they just want to take advantage of this new technology of money transaction, and easier transfer. I hope that people will never stop buying Bitcoin and the market will never stop moving. The technology and development of Bitcoin will continue to grow and will never stop as the people will know more about this unique crypto world.
member
Activity: 109
Merit: 53
April 11, 2018, 03:17:43 AM
What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?

How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
If the people stop buying bitcoin the value of bitcoin will be next to zero.
The bitcoin has value because people are buying bitcoins and if people stop buying then bitcoin is going back to zero.

It is the same with gold, or your real money coins. The only reason they have any value at all is because people trust in it to be worth something in the future as well. So as long as there is a broad userbase to bitcoin that is believing in it and sometimes invest fiat into it, it will always have some value. Gold just has been in this position for hundres of years with literally no use at all except for looking expensive, while Bitcoin has just arrived and has lots of uses. In the past, your fiat money was linked to the gold price, that's usually not the case any more. Which means: the banks can print as much as they want, and voilá you have the biggest reason why bitcoin is alive today: people don't want pay ridiculous fees for everything, and as soon there is a currency which can't be controlled that easily by moneygrabbing banks, and makes them somewhat redundant in some areas, and that's a great thing. A really great thing. When I grew up, there where banks EVERYWHERE. Every tenth house was a bank. In every bank they had shitload of people with suits working to steal your money. And every direction away from that is awesome. That's why I love the Bitcoin Cheesy
full member
Activity: 278
Merit: 100
April 11, 2018, 03:14:05 AM
If there is no demand then the price will go to 0$ but as mentioned above, that's unrealistic and impossible to happen.

Yeah! Of course if one person doesn't buy bitcoin, it doesn't affect to the price either dump or pump.  When a person do a lot of bitcoin then he sell for too cheap, the price must go cheaper and if he holds the bitcoin it has a big chance that the price must be more expensive when there are more demand.

We can say that anything you do regarding bitcoin, it can take some result on it's price.  We also do a thing that can cause bitcoin for dying.
newbie
Activity: 30
Merit: 0
April 11, 2018, 03:08:21 AM
Your question is the same as “What will happen if you join tomorrow is the end of the world”. We should discuss some of the possible situations and talk about the premise that this situation may happen.
newbie
Activity: 70
Merit: 0
April 11, 2018, 03:05:58 AM
If people stop buying bitcoin, then i guess they are holding it as much as they can. Buying bitcoin can take a lot of money because of its price but the profit you can receive from it will also be high which you can use in investments. They can also still mine bitcoin if they dont want to buy it.
jr. member
Activity: 65
Merit: 1
April 11, 2018, 03:05:42 AM
i think it possible to touch back to $1,000 but bitcoin always have customer
newbie
Activity: 70
Merit: 0
April 11, 2018, 03:04:28 AM
If people stop buying btc so btc will be not survive now we have to introduce btc to.our or other people who.don't btc
newbie
Activity: 42
Merit: 0
April 09, 2018, 11:01:02 PM
I think it's impossible because at this time many people know about bitcoin, and also they already understand the possibility of developing bitcoin in the future like what.  if it is true separti that you ask that I think it is not logical for now, because today many people are switching from gold investment moved to bitcoin.
member
Activity: 191
Merit: 10
April 09, 2018, 07:50:55 PM
What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?

How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.

If people stop buying bitcoin, its value will decrease and if that happen continously, bitcoin will die.
copper member
Activity: 658
Merit: 284
April 09, 2018, 07:49:12 PM
What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?

How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
If the people stop buying bitcoin the value of bitcoin will be next to zero.
The bitcoin has value because people are buying bitcoins and if people stop buying then bitcoin is going back to zero.
full member
Activity: 273
Merit: 100
April 09, 2018, 07:17:37 PM
What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?

How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.

I think if no one will able or willing to buy Bitcoin there is nothing else for us to be profitable here specially if the investors were gone whom we all know that has a huge impact to this currency to continuously grow. Theres no more chance for us to have our income whether we like it or not.
sr. member
Activity: 616
Merit: 250
April 09, 2018, 07:13:34 PM
I can not think if bitcoin will not be bought because I see bitcoin so special because it has a system or technology that I think is very valuable that can not be underestimated by the world community and can give hope to everyone who wants to have a lot of money, so definitely bitcoin will continue to be prosecuted by everyone.
full member
Activity: 336
Merit: 107
April 09, 2018, 07:11:50 PM
As all we know, bitcoin is the most valuable cryptocurrency or the king of all crypto. So I don't think that people will stop buying Bitcoin because its all known as a volatile in terms of its investment but many people will always take the risk of it. But by chance if people stop buying Bitcoin then the price of Bitcoin will be decreased and if it continues one day Bitcoin will surely destroyed or will be going to an end.
newbie
Activity: 137
Merit: 0
April 09, 2018, 07:07:53 PM
bitcoin will end if no one buys. because a trade will run if there are two factors namely;
1. seller
2. buyer
when one of these factors is not how it might work.
member
Activity: 322
Merit: 14
April 09, 2018, 06:38:50 PM
If people stop buying Bitcoin the price of it will fall down, thus Bitcoin will lose its value and become uninteresting to the most of people.
member
Activity: 112
Merit: 12
Assignments Trading Platform
April 09, 2018, 05:33:19 PM
I never thought that bitcoin will never again be bought by oreng-orang. But if people stop to buy bitcoin maybe bitcoin will fall and bitcoin will not be worth anymore and bitcoin will only become the most expensive currency in the world. If no buyers are available, there will be no bitcoin value and can be announced that bitcoin is dead.
full member
Activity: 280
Merit: 100
April 09, 2018, 05:20:44 PM
I don't agree to you. Many people is still buying if they want or if they want to get profit. You're question is unrealistic and nothing to happen. However this is the chance of the buyer because the price is still low.
newbie
Activity: 40
Merit: 0
April 09, 2018, 05:08:07 PM
If people stop buying it the price will likely stay the same. It only increases when people buy it.
full member
Activity: 350
Merit: 100
April 09, 2018, 04:57:02 PM
If people stop buying bitcoin then bitcoin is worthless and dead, many people think that bitcoin can last forever, but we all know that bitcoin does not control so bitcoin can not be worth any time.
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