If people stop buying bitcoin - page 63.

DBronze98

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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 no one wants to buy bitcoin. The bitcoin price will be reduced to the bitcoin and the final price of $0

fishbonez11

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Quote from: MadGamer on October 31, 2017, 11:09:28 AM

If there is no demand then the price will go to 0$ but as mentioned above, that's unrealistic and impossible to happen.

True. If no one will be interested into buying bitcoin anymore, then the value will gradually drop until it reaches $0. All bitcoin everyone acquired in their wallets will be as good as stone - nice to have worthless cluttering stones. But as mentioned, it is unlikely to happen because what are the odds that each and everyone will suddenly decide not to use bitcoin anymore, right?

Koadharber

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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 no one would buy bitcoin or the demand is completely gone then expect price would stabilize for sure since demand is already gone and the supply is keep on filling up.Then its just really a matter of supply and demand thing but seeing on the current situation of bitcoin then it is nearly impossible because the demand is too high as of now which causes the price to rise up as the years goes by.

btcmayumana

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as long as bitcoin is still comfortable to use, easy to buy, easy to sell and easy to transact, I guess people will not stop buying bitcoin.

cybersofts

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Quote from: Rozita on October 31, 2017, 11:09:33 AM

I don't think it will happens. There is no reason. The demand is high and will be high too as day by day more people know bitcoin and its potential.
If what you said happens, price will fall as demand is lower than supply. But as I mentioned it never happens.

Not quite possible... it is like people stop exchanging their local currency for USD, EURO or POUND.
Let's pretend that happens, whenever the people stop buying bitcoin the only thing that will happen is drop in the bitcoin price.

Smoothmazi

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Every commodity follows the supply and demand rule, Bitcoin is no exception. The fact remains that currently people are buying Bitcoin based on speculation hence the upward movement.

VeroBTC

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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.

it mean bitcoin is not sold.
bitcoin is worthless, because no one to buy it. but we can keep until some people or organize need again.
as long bitcoin vacuum from this world, other coin will replace the number one.

howtobuy

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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.

There is one characteristics of all markets - when market is going up it attracts even more people to buy. When sentiment changes - there is drastic fall. So if people would stop buying then many would most probably sell

Hobo66

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If people stop buying bitcoin nothing will happen, but if people start
selling bitcoin buy the bulk the price will fall greatly to its doom.
their is another but!, It is very hard because new user are buying bitcoin every day.

shadowdio

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Zawardo

of course it will $0 value of bitcoin then people will jump other cryptocurrencies, maybe ethereum will booming the price not just only ethereum but the altcoins also will increase the price. Ethereum will be known the mother of all coins if that happens.

katiecbell

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Quote from: DrYe5 on November 01, 2017, 09:25:52 AM

Quote from: Irdina on November 01, 2017, 09:15:11 AM

It can not happen, and don't fantasize,Bitcoin is getting popular, it will never fall I'm sure of it.Instead of asking such questions,Better to buy as much bitcoin as possible because the price will go crazy.

I do not think so. Bitcoins have grown up and people have noticed that you can get rich by this. They buy, sell and sell. This is the market. Only fools do not want to get rich in such a simple way.

Yeah now the bitcoin is getting more and more famous and people will buy more instead of leaving to buy the bitcoin. I hope the bitcoin will be the world’s most popular currency of the world, in the coming days the bitcoin will help all the people to use the bitcoin and the bright future is the dream of all the people which is going to make the whole world safe and secure.

kaloloy

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there's no point people would stop buying Bitcoin with current value. Investors are keeping their Bitcoin to hope that after sometime or even a year they'll double or triple their profits.
If ver somehow people would stop buying Bitcoin maybe that time there's certain issues of Bitcoin or the network nodes or attacks that affects Bitcoin stability and integrity.

naidray

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Quote from: sheamus10 on November 01, 2017, 07:33:43 AM

You must know bitcoin can survive because there are still many people who believe and still to using bitcoin. If nobody later buys automatic bitcoin the longer this coin will disappear from circulation.

People are using bitcoin and are welcoming it warmly because once a person enjoys the miracles of bitcoin they get obsessed with it, So, it is the currency which is long lasting and will replace the regular currencies in future because it is easy to invest and is providing good ways to earn money and is quick and easy to use.

It is providing comfort and multiple benefits which is very overwhelming. And it is the reason that people will not stop buying bitcoin.

Rahul20

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I think that is impossible since bitcoin is surviving a lot of years now and even it dumps, people will be taking advantage of that dump and use that to earn a good profit.How will the market value react to it, people wanting to sell bitcoin but there is no one to buy. You couldn't just make them stop buying even if Bitcoin was known to have a fatal flaw or started to be replaced by something else, better.

Nawaytes

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Do you already know about bitcoin supply and demand? If you already know this is should not be asked.
Well, I'll assume you don't know yet. Let's say Bitcoin is an expensive wine (it would make you easy understand):

- Excessive stock, little demand = the price will be cheap

- Rare stock, much demand = the price will be expensive

- Excessive stock, no demand = the price becomes 0, and the seller will go bankrupt

- Stock 0, much demand (this is stupid thing Cheesy

)= price becomes 0, no one goes bankrupt

2double0

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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 value you are talking about must be 8 decimals and we still hold a value where fee is reduced back to where it was.
Selling still is not a problem and I think that after the rise comes (as expected), we will surely see some better adjustments to the fee structure as well as transactions sizes accordingly with the demand being taken into consideration. Don't worry, because this has gone global and I don't see any reason as to why anyone would stop using something, they know that could give them greater returns in near future. Bitcoin is not going anywhere, at least not for a few decades.

Rj Manik

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I say WHY ?It's impossible.Because people can understood,Bitcoin is a Business class cryptocurrency.At present it's need.You may have seen how Bitcoin is growing now.So when people think that bitcoin make me profitable then why i will be stop buying bitcoin?

sugihe

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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?

Its seem that will not be happen. I believe in bitcoin will just exist longer than i think.
But if it could happen, thats the last of bitcoin.

gurunanakji777

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SOL.BIOKRIPT.COM

How is it possible I don't think so people will stop buying when they are making good profit from bitcoin. Why would they stop buying. People will stop buying only when bitcoin is no longer profit making coin but till today nobody can say they bear loss while holding bitcoin, whomsoever hold it always made good profit from it and your thoughts are just like you are lost in dreams.

Dewi08

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Quote from: nethan1btc on November 01, 2017, 02:38:53 PM

Quote from: rathaha10 on November 01, 2017, 02:03:22 PM

Quote from: thundercrystal on November 01, 2017, 01:57:46 PM

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's price became high because it is populated and used by a big group if people. Marketing, trading, selling up to investing. If people stop buying bitcoin, then bitcoin's price will be decreased into the lowest digit. It will be useless if operation of bitcoin will stop.

This is true, because if no one uses bitcoin anymore the price will be gone, but i don't think people are going to stop buying bitcoin because they see something in it. This just doesn't seem right at all.

Why should they do that ? They want to earn money so they buy bitcoin. Its like saying are people going to stop buying games. LOL

If that would be happen people stop buying bitcoin ,so bitcoin is useless because there is no transactions can be happened anymore in bitcoin and it will vanish in the map of crypto world. But this topic is considered as a rumor because we noticed now that bitcoin is continuous rising. So that's mean many people engaged of it who invest ang buying bitcoin.

I think it's very unlikely people will stop buying bitcoin, for reasons that make no sense, in fact we can see around the world many countries buy bitcoin even though current prices are already expensive, but if they buy at the moment, nothing it is unlikely that in the next year bitcoin will continue to increase and they will get to a bigger profit, than they previously bought bitcoin at current prices ..

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