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Topic: If people stop buying bitcoin - page 17. (Read 7236 times)

full member
Activity: 434
Merit: 100
March 25, 2018, 07:11:38 AM
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.
full member
Activity: 252
Merit: 102
March 25, 2018, 07:07:45 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.

This is a hypothetical question and you can image any reaction. The crypto market and other similar markets are based on demand and supply. if there is high demand and low supply price will rice otherwise price will drop. if there is no buyer there is no cost of bitcoin or other crypto currency.
legendary
Activity: 2576
Merit: 1043
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March 25, 2018, 07:04:05 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 scenario that you said will happen, probably the price of bitcoin will crash with its price way back in 2009 or its price will become 0. This scenario will not happen because bitcoin is the first cryptocurrency that has been created and without bitcoin, there are no more altcoins now. Altcoins are there because bitcoin has been used by people and they developed a coin based on it. Bitcoin is always usable even though it has no value for me.
full member
Activity: 322
Merit: 100
March 25, 2018, 04:34:02 AM
Bitcoin and any of its variations have no future - all these systems become either unprofitable for the participants of the system when they reach certain sizes, or they cease to provide reliability, and most likely both.
full member
Activity: 1260
Merit: 100
March 25, 2018, 04:19:23 AM
i think this is not possible. Except bitcoin not used anymore by peoples.
Bitcoin demands still high currently. Therefore, bitcoin price still high.
But currently the market seems to be down.
member
Activity: 294
Merit: 10
W12 – Blockchain protocol
March 25, 2018, 02:10:29 AM
If people stop buying bitcoin, then a stable price of bitcoin and altcoins are expected to happen, IMHO. It will be stable in the sense that noone will buy bitcoin anymore and noone will sell their bitcoin too.
newbie
Activity: 93
Merit: 0
March 25, 2018, 02:03:17 AM

Bitcoin has a daily transaction volume of about 6 billion U.S. dollars. The question you ask is just an assumption that it won't happen. If it happens, then Bitcoin's price will be zero. Sad
jr. member
Activity: 168
Merit: 1
March 25, 2018, 01:45:53 AM
For me, if people stop buying coins, it becomes worthless, the demand for it will decrease, the value will absolutely going to $0. But that was not going to happen. The birth of bitcoin is just starting, and it will take more years to disappear, and that is not going to happen. Coins will never disappear in the circulation of the world with this type of development.
newbie
Activity: 1
Merit: 0
March 25, 2018, 01:36:24 AM
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sr. member
Activity: 646
Merit: 252
March 25, 2018, 01:35:53 AM
obviously total crash. If no one wants to buy then there is no value. However, you could say if btc is the only currency is exchanging goods and service the same as purchasing?
Yes true, within a day bitcoin prices will fall tens of percent even in a short time is not worth it, therefore we must dare to take risks if we invest bitcoin and never think to gain profit.
jr. member
Activity: 224
Merit: 8
March 25, 2018, 01:20:42 AM
Then bitcoin won't survive. The thing that bitcoin operates and to continue its system is the contributions of every investors. As long as there are investors to bitcoin then it will be possible that bitcoin will last. This is how bitcoin works and it seems that we have to let the people know about it and how could they earn also with the system. It is not too late since bitcoin is still growing in terms of the population of investors that include also the ICO today that has offer indirectly bitcoin. For now enjoy the benefits of bitcoin join and invest then earn a huge profit.
full member
Activity: 756
Merit: 102
March 25, 2018, 01:10:47 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.

Since bitcoin price depends on the public demand, it will lose its value if people stop buying bitcoin. If bitcoin lose its value, the other cryptocurrencies will be dead too and extinct (most likely won't be happen).


if bitcoin losses its value , other coins wont be affected because they arent conected to each other. cant you see when bitcoins value is decreasing , the value of altcoins is still increasing and some are still stable. so i guess both of them dont have really related to each other. Yet i dont think people will stop buying bitcoin rather people will buy more bitcoin because they believe the longer they hold bitcoin, the more chances that it increase its value in the future.
newbie
Activity: 43
Merit: 0
March 25, 2018, 01:08:47 AM
Personally I think the bitcoin value will never be zero. People may stop buying bitcoins but that does not mean that the bitcoin value will be zero. Do sellers want to sell their bitcoins for zero dollars? Of course they will not do that. If people actually stop buying bitcoin, then bitcoin will remain as a digital currency. Being a digital currency is actually the reason why bitcoin is made. No problem if nobody wants to buy bitcoin.
member
Activity: 686
Merit: 39
March 25, 2018, 01:03:23 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.

Since bitcoin price depends on the public demand, it will lose its value if people stop buying bitcoin. If bitcoin lose its value, the other cryptocurrencies will be dead too and extinct (most likely won't be happen).
full member
Activity: 994
Merit: 101
March 25, 2018, 01:00:44 AM
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.
newbie
Activity: 60
Merit: 0
March 25, 2018, 12:30:24 AM
I think that if everyone stopped buying bitcoin, it would have a negative impact on a lot of bitcoin owners and the crypto market would not be as vibrant, and that would not happen. There is no doubt that bitcoins will continue to rise as new investors continue to market.
hrz
full member
Activity: 476
Merit: 100
March 25, 2018, 12:20:33 AM
if in this day it probably will not happen because now bitcoin again in hurry by investor because its very comfortable price in pocket.
member
Activity: 672
Merit: 14
March 25, 2018, 12:04:30 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.
This question and its scenario appears like an instance existing in the mythical world. I cannot fathom how all people across the globe and most especially the bitcoin bullishs like me, will wake one day and decide not to patronize bitcoin. The fact is, Bitcoin's patronage is about seeing another great altitude and it will be very soon.
sr. member
Activity: 588
Merit: 253
March 24, 2018, 11:52:37 PM
This will certainly make bitcoin worthless even if it happens in a short time the bitcoin price becomes zero, but I'm sure this will not happen because many people are interested in making bitcoin for long-term investments so they will continue to buy.
newbie
Activity: 134
Merit: 0
March 24, 2018, 11:40:16 PM
Well it does not people at a certain level just stop buying at a certain price if it happens the next thing that the seller will do is to drop the process until the buyer will match their price. There will always be individuals or companies who want to buy bitcoin while it is alive and running in the market . It really does not make sense to think that all the bitcoin purchases will stop at once, which I do not think makes any sense at all. There will be a reason for that to happen. For example if there is a problem in buying on the exchange or something like that, but even for that kind of thing will need to happen with all platforms that offer bitcoin to be purchased and not everything will be stuck at once. So basically, it will not happen.
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