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Topic: If people stop buying bitcoin - page 14. (Read 7236 times)

newbie
Activity: 30
Merit: 0
March 26, 2018, 09:49:58 PM
If you stop buying bitcoin, the bitcoin will not be worth it. In my opinion, this is unlikely. Because the benefits of bitcoin bring users hard to refuse. In the near future bitcoin will grow even further.
newbie
Activity: 119
Merit: 0
March 26, 2018, 09:22:59 PM
nothing is impossible with bitcoin and there is no reason not to buy bitcoin, we see Cryptocurrency is still the most valuable market share with investors because it can help them trade and earn money, we see in the future that in the end bitcoin is in peak
full member
Activity: 630
Merit: 102
March 26, 2018, 11:30:33 AM
If people stop buying Bitcoin it will mean that:
1. Bitcoin  dead.
2. All economic in the world dead.
But I hope this will not happen.
sr. member
Activity: 1491
Merit: 320
🐪
March 26, 2018, 11:29:08 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.
The price of the bitcoin is depends on the supply and demand of the bitcoin in cryptocurrency market. If there is no demand, then the price of the bitcoin will be 0. It is a worst scenario if the people will stop buying bitcoins.

It is in interest of any cryptocurrency holder that demand remains high.

I guess that cryptocurrencies have to become more user friendly so more people can start using it.
newbie
Activity: 84
Merit: 0
March 26, 2018, 11:28:15 AM
Even if people stop buying bitcoin, it still does not lose its value, thanks to the Holders who believe in it and will keep it. It was thanks to them that we did not fall much this time, although very large funds were sent to it to drop the price of bitcoin
full member
Activity: 426
Merit: 100
March 26, 2018, 11:24:27 AM
At some point, probably around 2140, the last bitcoin will be produced, but this does not mean that the network will collapse. In addition to premiums for calculating hashes, the miners receive transaction processing fees. Now these fees are small, on the order of a percentage share, but as the fee for calculating new units decreases, the amount of the transaction processing commission is likely to grow - together with the cost of bitcoin.
full member
Activity: 406
Merit: 100
March 26, 2018, 11:23:52 AM
i think there are no reason to stop buying bitcoin. Cryptocurrency is still a valueable market and the investors always trade which can help them get money.
Even that it is impossible that people is we will stop buying bitcoin, i think bitcoin value is we will surely dump very high or even bitcoin can die if people stop buying and supporting bitcoin, and i think if people we will stop buying bitcoin, there is no doubt that ethereum can be the new king of crypto.
member
Activity: 378
Merit: 11
March 26, 2018, 11:20:45 AM
If people stop buying bitcoin, the market gets frenzy and the balance of buyers and sellers falls. Technically this isn't possible. We have a fixed volume of bitcoins and numerous newcomers ad holders of the virtual currency. This way, they can't deflate the price arbitrarily. For miners, you sure know it is in blocks and the more the miners the harder it gets.....
member
Activity: 126
Merit: 10
March 26, 2018, 11:18:26 AM
And you do not understand the answer to your question?
There is demand - there are proposals, there is no demand, there will be no proposals, if there is no demand for what value can we speak?
sr. member
Activity: 1036
Merit: 281
March 26, 2018, 11:15:28 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.
The price of the bitcoin is depends on the supply and demand of the bitcoin in cryptocurrency market. If there is no demand, then the price of the bitcoin will be 0. It is a worst scenario if the people will stop buying bitcoins.
newbie
Activity: 112
Merit: 0
March 26, 2018, 11:06:33 AM
Definitely it will affect the price of bitcoin if people stop buying it since no more transactions will happen and it can make its crypto market value a lesser value. Then gradually it makes bitcoin die. That's for me I think will happen if people stop buying bitcoins.
newbie
Activity: 32
Merit: 0
March 26, 2018, 06:47:00 AM
Do you believe that the internet will be extinct? I don't think so, for as long the internet lives bitcoin will stay. Wink Cheesy
member
Activity: 434
Merit: 10
March 26, 2018, 12:28:44 AM
We know bitcoin is the great and very popular coins here in the world of crypto that is why many people want to buy bitcoin as one of the great investment in their life  that is why I think there is no reason that someday there is people want to buy bitcoin but if will happen I think the price of bitcoin will effect.
sr. member
Activity: 440
Merit: 250
#SWGT CERTIK Audited
March 26, 2018, 12:18:31 AM
i think there are no reason to stop buying bitcoin. Cryptocurrency is still a valueable market and the investors always trade which can help them get money.
member
Activity: 154
Merit: 10
March 25, 2018, 11:11:20 PM
Law of supply and demand still applies. No demand, the item becomes good for nothing. In that case, bitcoins value would be nothing, zero. But I don't think it would happen. Despite the huge drop recently it will still survive the crash.
member
Activity: 252
Merit: 17
March 25, 2018, 11:02:43 PM
We can see from different points of view about Bitcoin and its future, the value contained in the bitcoin can not be detected and changed in every minute and second. If bitcoin is currently well known, there is no word to surrender or extinct in the future. remain optimistic looking at the future with bitcoin.
newbie
Activity: 196
Merit: 0
March 25, 2018, 11:01:20 PM
If there is no demand maybe it will stop buying but it is not possible that btc will end up.I dint want this to be happen.I dont think this hoing to happen because bitcoin has many supporters now and iy is rooted that btc is the king of all crptocurrency.
sr. member
Activity: 1572
Merit: 267
March 25, 2018, 10:55:04 PM
This is the same as if people stop buying gold, then everything becomes worthless, everyone will provide cheap deals and disturbed market balance. with a large supply where there is no demand it will be zero.


Noooooohh. We use that for computerchips too. Nerds use it for investment.

And yes. Your are a hero ;-)
sr. member
Activity: 756
Merit: 253
March 25, 2018, 05:30:31 PM
If people stop buying Bitcoin, Bitcoin value will be zero. It derives its price from people demand. I don't expect this to be realized in the next few years.

Yes it can be zero but if they stop and hold without any bitcoin transactions then it will stabilize and not tumble back to zero. For it to head back to zero it must take a total abandonment of bitcoins globally and that cannot be easily realized.
member
Activity: 574
Merit: 12
March 25, 2018, 04:16:55 PM
The bitcoin system has been running for about nine years. Bitcoin is in high demand, and its price exceeds hundreds of thousands of times the world's currencies. And this means that there can not be a situation where bitcoin would cease to interest investors. However, if, suppose, such a situation happens. then due to the lack of buyers the laws of the market will stop working, bitcoin will become useless to anyone and it will quickly depreciate.
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