If people stop buying bitcoin - page 49.

usekevin

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Quote from: noictib on January 12, 2018, 11:17:10 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.

I don't think that it is going to happen at any condition at wide range because everyone knows that what the value of the Bitcoin will be in the future and what is value in the current time and what we should do with the Bitcoin to Ake more and more because Bitcoin is much valueable thing in our money making money and currently that is easy with Bitcoin and another crypto currency .
And think if it will happen ( just by consideration) , then I am sure that Bitcoin will dump to zero value because here small rumours can change the price down to 20-30% easily , so if no one will buy then surely price will dump to zero value easily .
But hopefully it is impoos even to consider that no one will buy .

Ya it's not at all possible to happen. Since the price of bitcoin is increased day to day. Day to day there is Increasing in investors. If it happens the price of bitcoin will start to reduce slowly .If it's continue further, they may be huge price loss of bitcoin. Many people inverse their money in bitcoin, so they won't allow to happen so.

elvinson

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If people stop buying bitcoin, I think I would be the ultimate buyer and help the market come back to LOL.

noictib

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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 that it is going to happen at any condition at wide range because everyone knows that what the value of the Bitcoin will be in the future and what is value in the current time and what we should do with the Bitcoin to Ake more and more because Bitcoin is much valueable thing in our money making money and currently that is easy with Bitcoin and another crypto currency .
And think if it will happen ( just by consideration) , then I am sure that Bitcoin will dump to zero value because here small rumours can change the price down to 20-30% easily , so if no one will buy then surely price will dump to zero value easily .
But hopefully it is impoos even to consider that no one will buy .

mysacrifice

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Quote from: Coin12 on January 12, 2018, 01:43:03 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.

I dont think that situation will happen to bitcoin simce bitcoin is very strong community.
Anyway i think the value of bitcoin will be zero if nobody buy bitcoin.

Apparently you are right. The situation doesn't seem like people will be stopping soon but if that happens it can cause panic selling in the market as lack of demand will trigger the sharp price falls.

shalnark

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Quote from: akmittal on January 12, 2018, 12:51:35 AM

If people stop buying Bitcoin. It will reflect that interest in the crypto is no more and crypto loose its shine. But it is not possible.

Well I doubt if the people will stop buying bitcoin because of it is a good and very nice opportunity for everyone to have an additional income, they also believe in the potential of bitcoin day by day. but if such case happens it will happen there a big affect in the digital cryptocurrency world.

azalea69

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It looks like the price will drop dramatically if it happens and Bitcoin is worthless Wink

Yes, I agree if it no longer buys Bitcoin it means Bitcoin already worthless again for everything. But I hope the Bitcoin can be valuable until whenever.

zemb

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If there's no demand in bitcoin the product will die or drop down to zero this is the basic rules of supply and demand.
Bitcoin still the no.1 cryptocurrency all over the year more investor and other country are crazy to this product so I don't see bitcoin price will fall to zero the year 2017 BTC perform an awesome rally the price a climb to $20k

sksshopee

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If bitcion value is faling very sharply. and other cryptocurrency price high and profit to people then people stop buying bitcion.

jhamz03

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If people stop buying bitcoin then that would be the falling of the father of all crypto and theres some other cryptocurrency will rise and overtake its record breaking place. There are so many reason why people stop buying bicoin, one is when bitcoin is not profitable anymore or when its value is down and became worthless.

Lorna t

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the price of bitcoin is really down to our joining a supply or demand of its real price .its the only one that holds his bitcoin .so the economy is really down to the consumption of the economics because gold also has a value which will move to all economics .someday I can not say that everyone is buying bitcoin .its self is really good technology in a cryptocurrency .and why we also its value the thruth is that we dictates and the price and its value in the purchase order or not we always remember that the law only supplies and demands everything .

Rajamuda

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It looks like the price will drop dramatically if it happens and Bitcoin is worthless Wink

But however, I don't think at all that the people will stop buying bitcoin. The world is verry wide, and bitcoin I'm sure it will become more widespread to knowing throughout the world, recognizable by more and more people, and there are certainly will be the people who still try to buying it and try to invest due of its popularity is suitable for investing a money. And not only that I guess, there are still many other things or another efforts that causing up to buying bitcoin. Anyway I think.. bitcoin price will not be so very expensive till can't be affordable by anyone in this world to buying it.

cotton ball

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Quote from: Svafnir74 on January 12, 2018, 01:45:10 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.

If not someone does not buy bitcoin, its price will be zero, I think so.

bitcoin prices will drop dramatically but not to the point of zero because there are still a handful of bagholder very faithful. If bitcoin sales are low then it will affect all existing altcoins and will be the worst thing in the history of internet payments. I think if the government succeeds and start using their own e-fiat then bitcoin will be at the forefront of the converting benchmark.

Turkish88

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Bitcoin obeys the rules of the market, if there is no demand for buying bitcoins price fastly going down.

Svafnir74

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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 not someone does not buy bitcoin, its price will be zero, I think so.

Coin12

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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 dont think that situation will happen to bitcoin simce bitcoin is very strong community.
Anyway i think the value of bitcoin will be zero if nobody buy bitcoin.

serizawax

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That's true because the money must depend on usage, if bitcoin is no longer in use, what is the function of bitcoin presence in this world, definitely bitcoin will disappear if people stop using it.

jamirrah

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If people stop buying bitcoin then bitcoin existence would be no sense anymore. Since bitcoin price depends merely on trading volume if people stops buying price would fall in first few phases unyil it totally dies.

TexasofblackseA

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If 21 million bitcoins are in circulation, if miners raise commission rates too much to make profits, or if another crypto currency that is better than the technology bitcoin becomes more popular, why not? Or it could be due to another influence that does not come to mind. But what we have to do is to continue to make profits from the bitcoin before we get too negative.

hendra12

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maybe is not like stop buying bitcoin. maybe just number of buy going down and the price will be can't high anymore. because if we say "if" so hard to believe right now people don't want buy bitcoin. so maybe if stop maybe bitcoin can make another way.

keesh

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It is nearly impossible that people will stop buying bitcoin because in the first place, bitcoin demand is just starting to rise. But, answering you question, yes, it could be a step towards the end. A possible event to happen is that it will slowly reduce its value until it is nearly worthless. But, as I said, it is nearly impossible.

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