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Topic: If people stop buying bitcoin - page 42. (Read 7236 times)

full member
Activity: 378
Merit: 100
Adoption Blockchain e-Commerce to World
February 11, 2018, 09:27:30 AM
Nonsense to stop buying stuff that making profit for you without any moves and work. People will keep buying bitcoins until they reciving profit.
Well if people will stop buying bitcoin, i am sure that the price of bitcoin is we will dump very high and i am sure that bitcoin is we will not be the best cryptocurrency among the rest if all people is we will stop buying bitcoin and i also think the bitcoin can eliminate in the market if people will stop buying bitcoin.
newbie
Activity: 81
Merit: 0
February 11, 2018, 09:08:11 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 know when people won't buy bitcoin. When all countries in the world openly ban bitcoin, what you say is likely to happen, and bitcoin will become worthless.
newbie
Activity: 154
Merit: 0
February 11, 2018, 08:56:17 AM
Nonsense to stop buying stuff that making profit for you without any moves and work. People will keep buying bitcoins until they reciving profit.
full member
Activity: 420
Merit: 100
Harmony for One and All
February 11, 2018, 08:46:39 AM
People never stop buying bitcoin and some people even mortgaging their assets to buy bitcoins

This is the new asset class emerging rapidly to replace the relationship and rights of government on money in circulation.

People should be the owner for their money
full member
Activity: 347
Merit: 100
February 11, 2018, 08:44:12 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 if people stop buying bitcoin the price of it will be reduce. Other said that bitcoin will gone in market if no one buys it. If this happened that people stop buying bitcoin many cryptocurrencies are affected their price value i think in the market will go down or else it will lead us to loose of the cryptocurrencies.
newbie
Activity: 168
Merit: 0
February 11, 2018, 08:31:55 AM
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.
member
Activity: 280
Merit: 10
★Bitvest.io★ Play Plinko or Invest!
February 09, 2018, 09:18:24 PM
Price of bitcoin will go down as per the representation of supply,demand and price relationship. If everyone would just hold their bitcoin, then economic status will go down. Consuming is part of the economy because the gold or value moves around the economy.Somehow, I don't think that people buying bitcoin because Bitcoin itself is useful as a technological currency or cryptocurrency.

If this happend that people stop buying bitcoin many cryptocurrencies are affected thier price value i think in the market will go down or else it will lead us to loose of the cryptocurrencies.so we have to pray that this woul be happend. Because bitcoin is very useful to all of us we need this kind of investment.because her in bitcoin we see our future secure.
hero member
Activity: 2590
Merit: 644
February 09, 2018, 09:15:47 PM
If people stop buying bitcoin then there will be a time when bitcoin is lost in the market. But if in my opinion it would not have happened if many countries had legalize bitcoin.

Reality is, there is not a lot of countries that made the legalization for bitcoin and we are just waiting for them to legalize bitcoin and i think that in the future we can expect some people stop buying bitcoin maybe because they will find some better coins out there that has a better feature and technical structure compare to bitcoin.
member
Activity: 112
Merit: 10
February 09, 2018, 08:56:38 PM
I think with bitcoins popularity and demand I'm sure people will not stop buying bitcoin. Despite the price of bitcoin losses this month, I'm sure 2018 is just another year for bitcoin.
full member
Activity: 336
Merit: 100
February 09, 2018, 08:19:17 PM
If people stop buying bitcoin then there will be a time when bitcoin is lost in the market. But if in my opinion it would not have happened if many countries had legalize bitcoin.
member
Activity: 254
Merit: 10
February 09, 2018, 08:05:25 PM
if people stop buying bitcoin then bitcoin sales will decrease the effect of bitcoin prices will come down, this condition is dangerous for the development of bitcoin in the future
member
Activity: 252
Merit: 12
February 09, 2018, 07:58:26 PM
If people stop buying bitcoin, the price of it will reduce. This is the effect in LAW of Demand and Supply which result the price of a product.
But if people really don't want to buy bitcoin, I think price will not dropped to zero or no value.
member
Activity: 154
Merit: 10
February 09, 2018, 07:50:35 PM

Is this a problem?

Not at all, if it becomes unprofitable people just turn the kit off, the difficulty gets slightly easier as less people are mining so equilibrium is restored.

Basically if everyone on earth stopped mining, then 1 person could be the only miner and it would be very easy to mine. The system works itself out naturally. There is no need to fear about miners stopping.
jr. member
Activity: 138
Merit: 4
Varanida : Fair & Transparent Digital Ecosystem
February 09, 2018, 07:48:04 PM
We cant just predict the situation few months from now. We are only creating panic to people. Can we just wait on what will happen to bitcoin and stop posting or questioning stuffs that will make useless ideas.
full member
Activity: 378
Merit: 101
February 09, 2018, 07:35:23 PM
there is no how that Bitcoin can stop trading as far as there is use of internet people must definitely make use of it.
but if paraventure it stop trading it will only affect the prize remaining standby but it cannot reduce the prize   
newbie
Activity: 37
Merit: 0
February 09, 2018, 07:22:57 PM
The price of bitcoin is based on many factors but probably the most important one is the fact that people are willing to accept it as a currency/ continue to buy and sell it. If no one bought the currency then obviously the currency would die because it would have no value in the eyes of people even if a computer screen shows a value of 1000$. Price is directly related to demand.
sr. member
Activity: 468
Merit: 250
February 09, 2018, 07:09:57 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.

Bitcoin also depends on the demand. So, if people just stop buying bitcoin, bitcoin will become end. But I am pretty sure such as thing like that will not happen. Bitcoin already get so much believe and attention from so many people in all over the world.
True, as long as there is demand, bitcoin will always be there, I'm sure bitcoin will be used as long as the value bitcoin like now, everyone has felt the great benefit of getting big profit or feeling that bitcoin transaction is very practical compared to using bank services.
member
Activity: 322
Merit: 10
homt.net
February 09, 2018, 06:57:33 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.

Bitcoin also depends on the demand. So, if people just stop buying bitcoin, bitcoin will become end. But I am pretty sure such as thing like that will not happen. Bitcoin already get so much believe and attention from so many people in all over the world.
copper member
Activity: 362
Merit: 1
February 09, 2018, 06:51:09 PM
if there is not any demand and people just stop buying btc it means that the btc has been valued as zero and is not an asset anymore which makes money so it would become nothing.

I agree, bitcoin will totally end if ever this could be happen because if there's no invertors and new investors to invest on it then like what you've said bitcoin will going to zero value and all crypto will possibly done also.
full member
Activity: 378
Merit: 100
February 09, 2018, 06:39:26 PM
if there is not any demand and people just stop buying btc it means that the btc has been valued as zero and is not an asset anymore which makes money so it would become nothing.
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