Topic: If people stop buying bitcoin - page 40. (Read 7236 times)

People will never stop buying bitcoin. Everyone in the world who has already heard about bitcoin wants to have it!
And as the amount of it is limited, then all of it will hardly get!
As already believed that if every person in the world will be a bit of bitcoin, then its cost will be 1 million dollars!

I totally agree!

That's the worst thing for crypto and bitcoin. If bitcoin is not purchased then it will definitely disappear completely on the cryptocurrency market. But I think that would not be possible because bitcoin is still the crypto copper that gets the most attention of investors and its value is increasing over time. Given the number of bitcoins currently available on the market, it is too little for the needs of investors so I believe that bitcoin will continue to grow strongly in the near future.

if nobody buys bitcoin then the price will go down and the possibility of bitcoin will be destroyed. but people will not be silent to see bitcoin ends, surely people will create new coins that can be traded like bitcoin.

as long as there is supply and demand this market is not going to stop and we all look for some benefit and a use or service for many things and this technology allows it and is sustainable for time and is having a lot of adoption on the part of young people. To continue to consolidate and extend to all international markets and also to cover the study in several universities

If everyone stops to buy bitcoin, obviously the value of the bitcoin will slowly decrease. But is it possible that people will stop to buy bitcoin?I think is not possible at now. Now, if bitcoin price is goes down, many people will buy it in the hope of reselling when the price has gone up. So I think this behaviour will continue until several years ahead and nobody stops buying bitcoin.

I think if that happens, bitcoin will becomes useless and a great impact to the economy that could be devastating the entire world could happen. By this time everyone will be creating a chain of panic responses, selling at any amount no matter how low as long as money will be retrieved. It would be chaos everywhere.

the rich is not possible gan kalo bitcoin there is no buy or the interest again precisely with the year increasing the more people who jump in bitcoin world.
we see aja gan in our area each person on want to learn and fast join in bitcoin .

I mean, crypto industries will destroy, also our future will destroy. we should protect crypto industries.

I thinik this will never happen because greedness will take everything. People don't care about bitcoin at all, they want only money in this case.

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.

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

This is an obvious answer and maybe an unnecessary question.
Is there anything in life that'll do well if nobody wants it? People have to want it and accept it for it to do well.

Yes I agree with this statement. For as long as there is demand from bitcoin users and supporters the there would supply resulting to a stable market. But if people stop buying bitcoin the stability of bitcoin will be affected.

It's common thinks, while nobody buy I mean no demand so, it's will price 0 & bitcoin will ends.

Recently, people buy stamps, collect a collection of different toys, then of course people will not stop buying bitcoin, the main passion for their business

It depends. If people just stop to buy bitcoin then the price will remain constant. If all the people decide to sell, I don't know what would happen. The question is: to whom are they gonna sell?

Should nobody else buys bitcoin and with nobody to sell to, I think it is the time when people considers it useless. And before that happens there would be panic selling as everyone else would want to save his or her investments. It is the end of the world scenario for bitcoin. Most economy can be affected as well since there are transactions and stores that transacts using bitcoins.

Let’s not assume everyone stops mining, but let’s say the largest miners who have dedicated warehouses full of miners stop mining. This would cause the network to come to a screeching halt, no blocks would be found until the block difficulty readjusts. This happens every 2 weeks. Bitcoin’s mining algorithm is about guessing random numbers, and hoping you get lucky. The mining difficulty indicates the threshold of a valid magic number. Any number less than the given difficulty is a valid block. Any number larger than the given difficulty is considered an invalid block by Bitcoin’s mining algorithm.

If all large miners were to stop mining, the mining difficulty would decrease (the magic number that determines block validity would actually increase), which means miners can now find a number larger than when large miners were mining and have the block be valid.

Bitcoin miners are paid with a combination of newly issued units of currency and the transaction fees for the transactions the miner includes in the block. The system is designed to initially reward miners with a large amount of newly issued bitcoin, because it started when bitcoin was not worth very much relative to other forms of money. Every four years worth of blocks, the amount of newly issued bitcoin awarded to miners is cut by half. This is how the system guarantees that there will only be 21 million units of currency. Over time, the value of bitcoin goes up, and the system bootstraps itself, steadily shifting the mining incentive away from newly issued bitcoin and toward transaction fees.

Mining difficulty is adjusted totally differently. Every two weeks worth of blocks, mining difficulty is adjusted so that the average time between blocks remains at ten minutes. Difficulty is adjusted either up or down as needed, with limits on how large the change can be. This means that there will always be miners, because as difficulty rises some may drop out, but then when difficulty drops new miners come in. This has resulted in an incredibly strong bitcoin mining ecosystem where competition drives the development of more and more efficient ways of mining bitcoin with as little power as possible. This bitcoin mining ecosystem has been running nonstop since the first block was mined in 2009, and there is no reason to expect it ever to stop.