If people stop buying bitcoin - page 59.

jovs

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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?

Technically the scenario you want to happened or for us to imagined is quite impossible. Why? because there is a lot of people that are willing to support bitcoin day by day, and there is a lot of increase for the people who support bitcoin in terms of transactions, investments and trading. People also do believe that bitcoin could serve as a future currency for faster and more reliable transactions.

sonic212

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That will not happen during the exchange of goods there are always sellers and buyers. Even a worthless shitcoin is still traded because people are looking for ways to make money from it. You can not just make them stop buying even if Bitcoin is known to have a fatal flaw or start being replaced by something else though

JTASSOCIATES

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In my point of view if people stop buying bitcoin it wont effect the normal trading or investors also who holding will not affect that much only the bitcoin mining only going to be unproductive so the rate of bitcoin will be stable not going to drop drastically or Hike in the rate wont be expected as of now. So Still bitcoin will exist only with more strong and constant player of cryptocurrency. Bitcoin will never end this is my conclusion point.

supto005

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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.

Bitcoin price depend on demand.
I mean buy and sell.
If there is no demand of bitcoin than probably the price of btcoin will Zero!!

Anyobsss

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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.

So if people stop buying BTC the demand will drastically drop and with the demand dropping its price will also drop, You can basically say that it is a step towards to its end but with the current state of the bitcoin that " what if" you're talking about will never happen as bitcoin gaining its popularity and starting to be accepted by most people.

About how will the market react to it, Of course people will lower the price of the BTC so someone will buy it again.

hieuho381

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I think this is possible in the future because if Bitcoin is no longer a world trend then people will sell Bitcoin more and this will make Bitcoin lose out in the world but I think this can occur in the year 3000

Zubayer

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If people stop buying bitcoin then bitcoin price will goes down. Because bitcoin price will be high if people buy and sell bitcoin. I think it will not happen because of bitcoin popularity. People can't stop to buying bitcoin.

finlandais

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If people will stop buying bitcoin then it will have a negative impact on the price of bitcoin .The price will fall down and the demand will decrease.If the demand will decrease then bitcoin can even came to an end.

Aryadwipanggah

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if people stop buying bitcoin, the phenomenon that occurs only there are sellers while the buyer does not exist. a sign of bitcoin will end.

deddod

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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 nobody wants to buy Bitcoin I think that's the end of Bitcoin life. but even more frightening is if nobody sells Bitcoin. maybe you will see the price of Bitcoin very very expensive.
I think it might happen because of the limited supply of Bitcoin and the ever-increasing demand.

derekeaton

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I can not imagine people stop buying bitcoin in the near future. Perhaps when this happens, the price may drop significantly, although at the same time it will not happen instantly.

cdog

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Quote from: FoxTheHuman on November 17, 2017, 08:32:05 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 the trader stops buying bitcoin, the bad thing will happen (in fact it can not happen). No buyer that means it will not be able to seller the bitcoin and that is the end of it.

yeah right, if people stop to buy Bitcoin then a bad thing will happen to Bitcoin. Bitcoin prices will continue to fall and Bitcoin will die. Bitcoin lives like this because of investors and traders. just look at dogecoin.

heureca

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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 it's impossible in fact

In theory of course it will be negative issue for BTC: demand for BTC will be 0, so BTC price will fall down.

FoxTheHuman

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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 the trader stops buying bitcoin, the bad thing will happen (in fact it can not happen). No buyer that means it will not be able to seller the bitcoin and that is the end of it.

lenovo16

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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.

Ofcourse bitcoin is important especially if you have investment here. If people does'nt buy bitcoin the market im sure that bitcoin will fall down. Becaise there are no support coming from the users or investors. And if all of us just hold in im sure would have a huge demand of bitcoin in the market.

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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.

Bitcoin price will surely drop until someone wants to buy it. Also, with no user or demand for bitcoin, its market value is basically zero if everyone really dont wants to buy it. But I am sure that it will not happen as bitcoin is super popular over a millions of people around the world.

lasry

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Quote from: Th3p1 on October 31, 2017, 11:15:02 AM

Simply because most people believe that the value of bitcoin should be higher than this so. If there is a big dip, expect more investor to get their hands on to get price back up and reach a new ATH. the people that dump it will buy it back at a higher price, this always happen lol

BTC will keep rising due to the steady growth of its user base.
There is a really worrying issue that must be solved ASAP : the network can process only 4 transactions per second and this is not acceptable for a real-time global payment network. Hope they will fix this without messing up things.
Anyway : there will be, probably, a downfall in the next weeks. Early investors are tempted to cash out.

loreykyutt05

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Quote from: sondrik on November 17, 2017, 07:38:46 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.

The price of the currency would simply be zero. If there is no offer, there is no demand, and vice versa.

I agree no matter how many people sells there bitcoin if there was no demand and people don't want to but it then it has no value at all ! there will be no market interaction that will make the currency dead !

Opurum

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Just another random pre satoshi crypto freak

To be practical, I can't see anything stoping BTC. The community is stronger than any adversary.

Quidat

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Quote from: FasTroy on November 17, 2017, 07:54:52 AM

Quote from: SIHIN on November 17, 2017, 07:39:27 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 people stop buying bitcoin then the bitcoin price will drop drastically and the possibility of bitcoin will go bankrupt and be replaced by another coin. but so far I do not think that's possible. people still prefer bitcoin than other coins

You are right, It will absolutely affect the bitcoin price. It will fall so much if people stay away from bitcoin and stop buying it, so then bitcoin will die slowly... and then it will be replaced by another altcoin, but i didn't think that will happen because people believe on bitcoin and they never stop buying it, because they know that bitcoin will have a high potential more than now in the future, It's a big opportunity for them.

It was just a presumption regarding on this situation to happen but seeing on the current status of bitcoin we would able to say that this thing is really an impossible stuff to happen because there is really a demand of it which do really affects its price to increase in a period of time.When theres a high demand then it would becomes valuable as the time goes buy knowing that bitcoin supply is just really limited. If the situation on where people do stop on buying it then the interest for bitcoin was gone already because theres no demand which means people will really plan on dumping all their coins and switch back into another coin.

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