If people stop buying bitcoin - page 26.

TriplexXx

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Quote from: shamzblueworld on October 31, 2017, 11:05:50 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.

I don't think there is anything that would stop people from buying bitcoins. But if people stop buying bitcoins the value of bitcoin will be next to nothing, of course. The price of bitcoin is based on demand by the people, so if people decided not to buy bitcoin for something then the price of bitcoin will fall.

tushin4

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It will never happen that people will stop buying Bitcoin as Bitcoin is the most valuable cryptocurrency and day by day it is improving its features. moreover it's price is also increasing and I think in future it will hit 20k $.

thompson30

newbie

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It is impossible that people will atop buying bitcoin because its value is still increasing although sometimes it decreased

paoeng1

newbie

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I think if people stops to buy bitcoin, bitcoin will come to its end. Because it has no reason why they will have to continue if there no more people who will used it

IlbiStarz

full member

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if people stop buying bitcoin then it will decreased the demand of bitcoin in market and as demand is going down then price of bitcoin will automatically start going down and in last if such incident is hold then it will down price of bitcoin to very low. But in reality such possibility of such happening is negligible.

mankind server

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I agree I think it will ever happen realistically, but there's a dispute between buying it and using it, so a person mortal who owns an amount of it will probably avoid using or "spending" it if he believes it will continue to continue growth in value. Why spend an plus that is increasing in value when you can spend a fiat currency that will only depreciate in value?

leonardian_project

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There will be lots of drama, people who have heavily invested their fiat currency into Bitcoin will lose lots of money, and then development will begin on the next big crypto-currency.

SaShiRaJaVu

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Quote from: Jcabudx on March 10, 2018, 05:43:09 AM

If people stop buying bitcoin, the price of bitcoin will always on sale so the people will buy lot of bitcoin and of course the demand will go high.

It was funny to begin with,contrasting things being said here,how come people will stop buying bitcoin and then there will be a demand. Tongue

Jokes aside,it is not possible to see a scenario like that,for everyone to ignore bitcoin all of a sudden,i am not going to tell anything further because it is just a dream that wont happen.

syntac

full member

Activity: 338

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In what case did everyone stop buying bitcoin, was it because of a very serious issue like doomsday or something else?
If everyone stops buying bitcoin then most likely the bitcoin price will fall to $ 0 value. Of course the incident will result in altcoin prices are also destroyed, everyone will surely switch to the currency or gold that still has value.

Chrisjay29

full member

Activity: 392

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I think if people stop buying bitcoin. Bitcoin will be die and but i dobt know if the other coin will be die. Because they said if bitcoin will die all coin/token also will die. But its not gonna happen. Because bitcoin investor and user are growing faster than we expect.

signalbitbot

jr. member

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If people stop buying bitcoin, then capitalization will not grow and will not fall)

odakorlina

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If people will stop buying bitcoin then that might be the time that bitcoin will become worthless or no bitcoin demand. But I do not think this is the time to discuss the end of bitcoin story, because there are many investors and other users who still survive with bitcoin.

layoutph

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If people of the world will stop buying bitcoin. Bitcoin and many alts would crash. And this thing is happening right now. Whales are paying people to scare other people from buying bitcoin. So they can buy from the price drop.

Quote from: shamzblueworld on October 31, 2017, 11:05:50 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.

hydeevanz

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Activity: 182

Merit: 10

Quote from: shamzblueworld on October 31, 2017, 11:05:50 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 people stop buying bitcoin then probably, the value of bitcoin will be stable. In my opinion, bitcoin will still be usable even if the people stop buying bitcoin because it is still currency and can be used for transactions. Currently, the reason why other people want to sell their bitcoin but there is no one to buy because most of the people are just observing the market. Due to the sudden drop in value, there are lots of people who lose a huge amount of money.

GoldnOil

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Quote from: shamzblueworld on October 31, 2017, 11:05:50 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.

in a highly unlikely scenario if everyone stop buying Bitcoin; it will mean a doomsday for Bitcoin. It will be dead like the Tulip mania....

Evangeline2

member

Activity: 196

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If people stop investing in BTC, the price of BTC will be very low, but for the time being, many people would like to wait for BTC price to fall to a certain position before buying BTC.

nicpaig

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Merit: 10

Quote from: shamzblueworld on October 31, 2017, 11:05:50 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.

For me, nowadays people are interested in a good return for their money and bitcoin have that I don't think so people will stop buying and trading coins in bitcoin word and also today bitcoin is already be used to many people in a full-time transactional currency to us.

Fazlurkhan.kz

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Bitcoin or any other normal fiat currency are in use and acceptable because people recognize and know its importance and believe that it has value, until then it will circulate. But from the day people stop accepting bitcoin or any other currency as a thing with some value, it will be of ZERO use. Like the government of india made an announcement that their old 500rs and 1000rs are not acceptable and their value is zero. So those were just a piece of paper worth nothing.

Skieleton

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Quote from: MadGamer on October 31, 2017, 11:09:28 AM

If there is no demand then the price will go to 0$ but as mentioned above, that's unrealistic and impossible to happen.

Exactly. The market has a regulated need to buy. If it's not worth it, the BTC will be 0. According to me, it's not really. The cryptocurrency market is too boring.

mariyawisman

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Quote from: shamzblueworld on October 31, 2017, 11:05:50 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.

What will happen if people just stop buying an an orange juice? The main manufacturers of orange juice will go bankrupt, but people will go on with their daily life.

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