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Topic: If people stop buying bitcoin - page 61. (Read 7236 times)

full member
Activity: 378
Merit: 100
November 16, 2017, 03:21:08 AM
if people no longer buy and do not use bitcoin then bitcoin prices will go down and bitcoin becomes worthless, but that is not possible for now because people who use bitcoin more than in the previous year. I think the current bitcoin price is too expensive
full member
Activity: 490
Merit: 107
November 16, 2017, 03:14:55 AM
if people stop buying bitcoin it will impact the loss of bitcoin value that makes the bitcoin price down. people tend to sell bitcoins instead of buying them. because bitcoin prices depend on demand and sales. if the demand for bitcoin is large then bitcoon will be expensive otherwise if the bitcoin price means the number of bitcoin users make a sale.
hero member
Activity: 1036
Merit: 500
November 16, 2017, 03:10:01 AM
i don,t think about it.but  if people  stop buying so btc never end.i believe all people with together bitcoin buying never stop because many country bitcoin already legal.   
Yes it is not possible at all .The buying and selling of the bitcoins could get stopped at once. Actually the thing is that the whole of the exchange market is showing inclination towards the use of digital currencies and most of the renowned sites have inclined towards the only transaction method that accompanies the use of crypto as the easiest method offering you the lowest rates and no extra charged for transferring money over the wire.
member
Activity: 462
Merit: 10
November 11, 2017, 11:02:33 AM
i don,t think about it.but  if people  stop buying so btc never end.i believe all people with together bitcoin buying never stop because many country bitcoin already legal.   
full member
Activity: 250
Merit: 100
November 11, 2017, 10:56:26 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.
its never gonna happen, since bitcoin now is the top leading crypto currency in the market...
member
Activity: 164
Merit: 10
November 11, 2017, 10:54:40 AM
If people stop buying bitcoin, then it will never be an asset. People take the price of bitcoin as an advantage that's why it has become an asset. If that actually happens, bitcoin will be worthless. Thus, bitcoin will come back to its original use and that is being a digital currency.
sr. member
Activity: 518
Merit: 250
November 11, 2017, 10:51:00 AM
If there is no demand then the price will go to 0$ but as mentioned above, that's unrealistic and impossible to happen.
I agree that, if there is no demand the price of bitcoin will become $0 and I think it will vanished. In addition to that, I hope people will contiue on buying bitcoin because it may result to high demand and high price. Lastly, I think bitcoin will die if no one buy or no one use it and I hope it would not happen.
full member
Activity: 756
Merit: 100
November 11, 2017, 10:41:43 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 there is a cause then there are consequences, and if you say if people stop buying bitcoin, then there is something that causes it to happen, and I think the greatest possibility is the government forbid the release of bitcoin, but not necessarily altcoin is also prohibited, then what will happen people will sell bitcoin and buy altcoin, and eventually some altcoin will become very expensive, altcoin is very potential to be a bitcoin substitute is eth according to me
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
November 11, 2017, 09:55:15 AM
The chance of that happening is very very low because the demand for it now is so high it doesn't seem like it will ever go down.
However, if it does, if the demand lowers its price will lower until it is worth 0$.

Yeah bitcoin would die if people ceased buying. Its a plain example.of demand and supply and as long as people support btc, its not going to br worthless. This is prettt far from happenning as btc is now enjoying tremendous support
newbie
Activity: 37
Merit: 0
November 11, 2017, 04:10:53 AM
The chance of that happening is very very low because the demand for it now is so high it doesn't seem like it will ever go down.
However, if it does, if the demand lowers its price will lower until it is worth 0$.
full member
Activity: 280
Merit: 100
November 11, 2017, 04:05:47 AM
Crypto currency does not have any way of providing, like ordinary money. Its value lies only in the demand for it. Therefore, if all people refuse to buy bitcoin, it will depreciate to zero and will not be needed by anyone. However, this scenario is almost impossible.
sr. member
Activity: 630
Merit: 251
November 11, 2017, 03:58:40 AM
The value of bitcoin will never become zero. People may stop buying bitcoin but that doesn’t mean that the value of bitcoin will become zero. Do sellers want to sell their bitcoin for zero dollars? Of course they won’t do that. If people really stop buying bitcoin, then bitcoin will remain as a digital currency. Being a digital currency is actually the reason why bitcoin was made. There’s no problem if no one will buy bitcoin.
full member
Activity: 490
Merit: 100
November 11, 2017, 02:50:55 AM
I hope it will not happen, maybe when people do not buy bitcoin anymore there must be a reason, maybe the price drops very drastically or else. in my opinion it will not happen.
hero member
Activity: 2268
Merit: 789
November 11, 2017, 02:41:51 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.

In the event that investors would no longer purchase bitcoins and people would no longer buy bitcoins, slowly, this would make bitcoin's value less volatile, resulting to a decrease on its price and ultimately being non-existent. Though this may seem possible, in reality it is very impossible considering the price of bitcoins on the market is absolutely high. Also, some countries are starting to accept it as alternative payment, which further increases its place in terms of hierarchy against other cryptocurrencies as well.
full member
Activity: 756
Merit: 103
November 11, 2017, 02:33:30 AM
the price will leads to 0
Yep,
There are more people who are looking to buy when the price goes around $4000. so it will never happen in life.
member
Activity: 237
Merit: 10
Borderless for People, Frictionless for Banks
November 11, 2017, 02:27:55 AM
As soon as everone stop buying bitcoin, the bitcoin market will stood still, and the supply over the demand makes bitcoin price drop to bottom, that for free, because no one need bitcoin anymore, bitcoin will soon die in just few days.
member
Activity: 294
Merit: 22
November 11, 2017, 02:22:20 AM
the price will leads to 0
full member
Activity: 316
Merit: 101
The Winner Stands Alone
November 11, 2017, 02:14:21 AM
if people stop buy and you have many keep it and pray to something or someone that miracle is real or the worst way sell it all. after that don't lose hope and faith, it's time to move on, go buy alt crypto that have big value or rate start over from zero. CMIIW Smiley
hero member
Activity: 1134
Merit: 502
November 11, 2017, 01:52:29 AM
If people stop buying Bitcoin the only reason why they are doing that is because Bitcoin price is very low. But this one will not happen yet because if you will check the price of Bitcoin now it is still high and that price makes people trust, believe and invest in Bitcoin more.
hero member
Activity: 1273
Merit: 507
November 11, 2017, 01:41:17 AM
At the moment people buy more and more bitcoin because now bitcoin is always increasing. After this year maximum people see profit who invest bitcoi .
Surely people will not stop buying bitcoin, because it is not only becoming worthy but is also providing people to earn more and make their life comfortable. It is helping people to overcome their poverty and unemployment by getting into bitcoin. It is quick easy and rewards with multiple benefits. Soon countries will also legalize it due to its qualities

If people stop By buying bitcoins the price of bitcoins may fall. Because everyone is selling it will definitely fall and will result in the slowdown of demand for bitcoins. But as I see today it is less likely because bitcoins are already used to buying online stores and others that usually fiat money is paid. So we expect that the price of bitcoins will continue to increase In the coming years.
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