If people stop buying bitcoin - page 48.

nominee

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Quote from: RajaJudi on January 17, 2018, 10:40:39 AM

Quote from: MeongElek on January 15, 2018, 08:53:03 AM

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.

Of course bitcoin value will go down, if people stop buying bitcoin. But this should be for obvious reasons, why they stopped buying it. If they stop buying because of the high price conditions, chances are they wait for a low price to buy it. Or maybe there is another reason you think?

Price of Bitcoin definitely will goes down nonstop. Bitcoin will become invaluable like it used to be 7,8 years ago. At that time, there was a person who used 12 Bitcoin to buy a pizza and he didn't realize the benefit of Bitcoin 8 years later. However, I think this situation will be very hard to happen. If it was, it would happen in 100 years later Huh

People will never stop buying bitcoins, there are always buyers on the open market. This can be a lower price, but there are buyers absolutely. The market is now undergoing a dump wave.

derigop

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If the people stop buying bitcoin. It's value will go down but I don't think it will happen because bitcoin is very useful.

RajaJudi

sr. member

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Less is more

Quote from: MeongElek on January 15, 2018, 08:53:03 AM

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.

Of course bitcoin value will go down, if people stop buying bitcoin. But this should be for obvious reasons, why they stopped buying it. If they stop buying because of the high price conditions, chances are they wait for a low price to buy it. Or maybe there is another reason you think?

Price of Bitcoin definitely will goes down nonstop. Bitcoin will become invaluable like it used to be 7,8 years ago. At that time, there was a person who used 12 Bitcoin to buy a pizza and he didn't realize the benefit of Bitcoin 8 years later. However, I think this situation will be very hard to happen. If it was, it would happen in 100 years later Huh

zZHEROZz

newbie

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don't worry. bitcoin is money of the future. in the future, we will trading bitcoin more and more

Minionnn

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Bitcoin pricing depends on the need to use human bitcoins. If people stop buying bitcoin then I think its price will drop very fast and it will soon end. But that can not happen when bitcoin has many benefits.

AldenGreen

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{Capricorn}

If people stop buying bitcoin if possible the the price will become light and stable untill it will go down because many will possibly sell ti cut further loss of funds and to feel safe

teejaymuna

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If people all stop buying BTC then BTC will die. But why do you think everyone will stop buying it at once. How likely is this to happen?

IlikeEzmoney

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Quote from: cryptoama on January 15, 2018, 01:10:26 PM

It is possible for everyone to stop investing in bitcoin all of a sudden. After all, people have invested a lot of money and time into it. If that happens, and that is highly unlikely, the prices will go to $0 since no one would be buying any bitcoin.

So here is a question, lets say 1 million people own a 10,000 value bitcoin. Just because they sell it to another person ect, what makes the value drop? Is it the fee lost during the transaction?

So day trading is what would make prices drop because they are giving more "fees" to the exchange site, essentially removing it from bitcoins value?

I really don't get it, is it just because people refuse to pay the price and lowball others until that becomes the new price?

I don't get how if everyone pays 15k for a coin, trades to another person for 15k, how is the bitcoin itself losing value? Cheesy

batman12345

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Quote from: Radnie on January 11, 2018, 11:05:32 AM

Obviously bitcoin will feel the drastic drop in value if the people stop buying on it.

bitcoin will drop value not only people stop buying bitcoin. if people dont trust "bitcoin" as payments for daily life transactions or as their investment
so value bitcoin will drop..

BitAngelTW

newbie

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If it becomes useless then the demand for it will fall
But I think this will not happen in the next 5 years

cryptoama

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It is possible for everyone to stop investing in bitcoin all of a sudden. After all, people have invested a lot of money and time into it. If that happens, and that is highly unlikely, the prices will go to $0 since no one would be buying any bitcoin.

Cointertrade

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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.

If people stop buying bitcoin I think bitcoin oh n will become worthless since people make the bitcoin run. Bitcoin is just like a business or a product of people would no longer patronize it, it will become worthless. But I think this would not happen because bitcoin is worth to invest.

Suffoc8

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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 think if people stop on buying bitcoin the economy of bitcoin will stop and the price of bitcoin will rapidly decreased and its price can be affordable and not very expensive. So people will start again to buy it.

reck1ess

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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.

If ever people stop buying bitcoin and everyone is selling then its value or price will go down, unless people will still be holding.
I think it will be still usable because transaction will be back to normal because there will be less people using it.

blue_dragon

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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.

If bitcoin will stop buying bitcoin then I think the price of it will goes down and it can be the thing that bitcoin will be end. But it is impossible to happen, bitcoin is very famous and bitcoin is being part of the daily life of a bitcoin users.

MeongElek

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"simply getting the job done"

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.

Of course bitcoin value will go down, if people stop buying bitcoin. But this should be for obvious reasons, why they stopped buying it. If they stop buying because of the high price conditions, chances are they wait for a low price to buy it. Or maybe there is another reason you think?

teejayrichard2

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If people stop buying bitcoin , simply means it will become worthless as no one needs it. Though this is unlikely to occur but if it does then it will be a very terrible experience to all involved in bitcoin business.

ericbrown

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Well i don't see that occurring, because Bitcoin is growing everyday, and even if that would occur, there must have been problem somewhere along the line to make people think they no longer need Bitcoin. So people will buy Bitcoin no matter what.

BountyX

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Quote from: BrewMaster on October 31, 2017, 11:07:34 AM

you can't just ask these "what if" questions without putting a little thought into it!
for example why would every single person involved with bitcoin decide "at the same time" to not buy bitcoin anymore at any price?

Yes, the question was not put in a clever way at all.
If for some reason people would stop to buy Bitcoins, price would tank, possibly even to zero if no buyers appear as it becomes cheaper.

adzino

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www.Crypto.Games: Multiple coins, multiple games

Bitcoin does follow some of the basic economic rule. So if no one buys bitcoin that means there is no demand for bitcoin. If there is less demand, the price falls. So with no demand the price will be almost null.
But practically that won't happen unless something very bad happens and bitcoin is deemed useless.

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