If people stop buying bitcoin - page 60.

FasTroy

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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.

Justin Biebers

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I stopped ages ago because it doesn't work and there's plenty of projects out there wirh new technologies

SIHIN

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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 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

sondrik

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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.

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

tommy05

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It was unlikely to happen but if what you are saying came true then basically bitcoin will die because nobody wants to use it ! it was just like other deadcoin out there who have many sell order but no one wants to buy even a single satoshi ! buying and selling makes the market active and let bitcoin survive up to this date

Kim Ji Won

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Of course it's price will go down because it all depends on the supply and demand. If people stop buying bitcoin suddenly, then it will result in an increase in supply.But this even is unlikely to happen to bitcoin.

sandwichman1

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there is a moment when he will stop climbing it's on. but the question is when and why?

btcjocan

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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 then bitcoin will no longer continue to increase its value and there's a tendency that it will keep its valueow until no more value. Just like a certain product, if there's no people who will buy on a certain products of course the manufacturer owner will stop producing it because they will be bankrupt if they will continue producing it without buyers.

nuela

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do not ask anyone to stop using bitcoin, better think about what we'll do with the bitcoin in the future, because bitcoin will not just die.
maybe the opinions of different people make such questions, maybe such questions are not because we have to answer them.

relentless1

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Pandora box is open and it can't be easily shut. Forks cant do it, B cash cant, Mt Gox cant, Jamie Dimon cant, China ICO ban cant do it. The network effect has started and more and more people want in which just continues to fuel. People will stop buying bitcoin if the code was hacked. I think theyve tried and for 9 years, nothing. The network can be spammped with fake transactions but to my knowledge, no hacking has happened.

ridho002

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if people stop buying bitcoins, then bitcoin prices will go down drastically, but it will not be possible.

prieaji

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I do not believe people will abandon her habit, bitcoin will always attract people who want to join her and will give digital money. if bitcoin is not there then there will be other dogital currency him. i think people will not stop just like bitcoin.

BlueFlare Magazine Co.

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BlueFlare財務雑誌

Price will drop but transaction speed become fast.

ogini

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Holders of bitcoin will be lost.The exchange rate wouldn't fare well but bitcoins would just be there in a deep freeze.

Ayiranorea

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Leading Crypto Sports Betting & Casino Platform

Before 2010, if you analyze about bitcoin. It was provided as an giveaway for several purposes starting from marketing to other forms of rewards. Not many people bought it, and later now the change has taken place. Further it got into gambling and other dark web necessity. So, by now even if none buys bitcoin, the value will be found the same.

steadyrice

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Well, the same thing that would happen with any other currency would happen. But, to be completely realistic it will never happen, because once the price starts going down, people will inevitably buy.

krulviper

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I think it has a small chance to happening. but if there are only sellers and no buyers of course bitcoin will not have the price again or equal to $ 0. because when supply is larger than demand the prices will down.

taiwww

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First of all this will never happen.
People are eager to buy bitcoins.
Existence of every currency depends on demand and supply.
If any one of these get disturbed or stopped the existence of currency comes in danger.
Bitcoin is a decentralised autonomous currency not backed by any agency.
Its supply is restricted at the time of its birth.
Its price solely depends on the demand and supply by its users.
If people stops buying by any reason then slowly its price will go down and down.
Current holders of bitcoins will suffer heavy losses.
Bitcoin mining industry will suffer badly. Bitcoin will eventually come to an end.

Faroxx

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If people stop buying bitcoin its price will obviously fall. But that will never happen.

ridwan99

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it will be not stop buying bitcoin because bitcoin world international traders......

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