If no one spends bitcoin what might happen?

[Realist247]

As usual I see complete illiteracy in economics in the posts above.  Supply and demand have very little to do with a cryptocurrency.

If people do not spend BTC to buy everyday things the price will fall to $0 because the majority will realize that the promise of it being a viable currency is either a lie or unrealistic.

It really disgusts me when people compare BTC to gold, silver, etc.  People hold precious metals, land, and art in the event of hyperinflation.  If that happens and fiat becomes like toilet paper they still have something tangible to trade that is KNOWN by most, if not all, merchants.

IF BTC HAS NEVER ESTABLISHED ITSELF AS A CURRENCY IN THE MINDS OF THE MASSES IT IS EFFECTIVELY WORTHLESS!!

This "store of wealth"/Ponzi scheme mentality that most on this forum insist upon WILL NOT LAST if BTC doesn't become a commonly traded currency with a FOREX trading mentality being secondary.

You people that think that everyone is putting their money into BTC to earn a profit ONLY, and with no intention to spend it, are GOING TO LOSE YOUR MONEY.  Sooner or later everyone with money in this game are going to figure it out and the whales are already fully aware and ready to dump their holdings at a moments notice.  All of you tiny little fish are going to be holding an empty bag while being completely unable to accept or understand that your delusions were completely wrong.

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[Portia12]

Share your ideas here.  

In my opinion, I think we will be stuck in one price or maybe worse we will all go down.

Here is what happened when US citizens are saving too much.

That's important because American spenders make up the majority -- about 70% -- of economic activity in the country. If people don't spend, the economy doesn't grow.

Check it out here

i think bitcoin will be very stable or the price will be so low compare to this year.

[RayvenPierre]

If no one spends bitcoins and the miners are continuously bitcoin, then without a doubt the price of bitcoin will decrease. Why? Take it this way, if there is no bitcoin spent and the miners keep mining it there will be a pool of supply of bitcoin which will cause the price to decrease. Remember that as the supply increases the price decreases.

[crwth]

If no one spends bitcoins and the miners are continuously bitcoin, then without a doubt the price of bitcoin will decrease. Why? Take it this way, if there is no bitcoin spent and the miners keep mining it there will be a pool of supply of bitcoin which will cause the price to decrease. Remember that as the supply increases the price decreases.

No one would be able to get bitcoins but the miners would still generate it. The trading of bitcoin would be great therefore I don't believe that the price would decrease. For sure, there would always be an increase in bitcoin and it would limit to 21 million, but the demand also increases because a lot more people are getting into it. It would result to increase in price.

[Ayush rana]

If no one spends bitcoin which means every one is saving their bitcoins. Then i think the value of bitcoin increases very high because the demand increase but supply decrease.

[fedora8]

if no 1 spends bitcoin possibly altcoins will be gone, but chances of that happening is really modest, bear in mind bitcoin is cryptocurrency a fantastic for the long term

[DrYe5]

if no 1 spends bitcoin possibly altcoins will be gone, but chances of that happening is really modest, bear in mind bitcoin is cryptocurrency a fantastic for the long term

Bitcoin is becoming stronger and stronger every day. I doubt that there is anything that can stop this activity. Recently nobody has heard about it, and now almost everyone knows, and every second one uses it! I do not know what it would have to be to end this.

[Bren Briones]

If no one will spend bitcoin definitely the supply and demand law will be affected. There will be lacking in bitcoins and it will not circulate. Whether the need is high the price will get high. But I think this will not happen in thw future. Bitcoin will still ciirculate in the market.

[Cazemiro]

Share your ideas here.  

In my opinion, I think we will be stuck in one price or maybe worse we will all go down.

Here is what happened when US citizens are saving too much.

That's important because American spenders make up the majority -- about 70% -- of economic activity in the country. If people don't spend, the economy doesn't grow.

Check it out here

As usual I see complete illiteracy in economics in the posts above.  Supply and demand have very little to do with a cryptocurrency.

If people do not spend BTC to buy everyday things the price will fall to $0 because the majority will realize that the promise of it being a viable currency is either a lie or unrealistic.

It really disgusts me when people compare BTC to gold, silver, etc.  People hold precious metals, land, and art in the event of hyperinflation.  If that happens and fiat becomes like toilet paper they still have something tangible to trade that is KNOWN by most, if not all, merchants.

IF BTC HAS NEVER ESTABLISHED ITSELF AS A CURRENCY IN THE MINDS OF THE MASSES IT IS EFFECTIVELY WORTHLESS!!

This "store of wealth"/Ponzi scheme mentality that most on this forum insist upon WILL NOT LAST if BTC doesn't become a commonly traded currency with a FOREX trading mentality being secondary.

You people that think that everyone is putting their money into BTC to earn a profit ONLY, and with no intention to spend it, are GOING TO LOSE YOUR MONEY.  Sooner or later everyone with money in this game are going to figure it out and the whales are already fully aware and ready to dump their holdings at a moments notice.  All of you tiny little fish are going to be holding an empty bag while being completely unable to accept or understand that your delusions were completely wrong.

I share the same idea, it is necessary that the BTC be used to keep increasing the price.

[CryptonomyCapital]

The price won't stuck it will go down. We will see dupm in that case.

[TrueAnon]

Well if no one spends them and people keep buying bitcoins, then the marketcap would just go up and up until people have no moey left for anything. then I hope they will start spending their bitcoins for at least food and stuff :p

[Harlot]

As usual I see complete illiteracy in economics in the posts above.  Supply and demand have very little to do with a cryptocurrency.

If people do not spend BTC to buy everyday things the price will fall to $0 because the majority will realize that the promise of it being a viable currency is either a lie or unrealistic.

It really disgusts me when people compare BTC to gold, silver, etc.  People hold precious metals, land, and art in the event of hyperinflation.  If that happens and fiat becomes like toilet paper they still have something tangible to trade that is KNOWN by most, if not all, merchants.

IF BTC HAS NEVER ESTABLISHED ITSELF AS A CURRENCY IN THE MINDS OF THE MASSES IT IS EFFECTIVELY WORTHLESS!!

This "store of wealth"/Ponzi scheme mentality that most on this forum insist upon WILL NOT LAST if BTC doesn't become a commonly traded currency with a FOREX trading mentality being secondary.

You people that think that everyone is putting their money into BTC to earn a profit ONLY, and with no intention to spend it, are GOING TO LOSE YOUR MONEY.  Sooner or later everyone with money in this game are going to figure it out and the whales are already fully aware and ready to dump their holdings at a moments notice.  All of you tiny little fish are going to be holding an empty bag while being completely unable to accept or understand that your delusions were completely wrong.

Not Spending Bitcoin is different from Holding it. Not using Bitcoin as a currency but as an investment is currently being done now. What I mean about that is people are actually holding Bitcoin more rather than spending it, which is directly opposite to what you are saying that it will have a value of zero. People who are holding Bitcoin and not selling or spending it are actually contributing to the price increase of Bitcoin because they are pressuring the buyers to increase their price offering to buy their Bitcoin.

[Williamsss]

Just make small check on  number of Daily trans in blockchain.info  people can save them bitcoin but must use at least small part of that coins

[Rashid555]

if we say that no one will use bitcoin it is impossible because there are many people who spend their money on daily needs most of the people are completing their education through this financial help so it can’t be said that no one will use bitcoin. If you have a minor quantity of this currency you will use less and if you have a much quantity you will use more but we can’t stop spending this currency.

[drlukacs]

if no 1 spends bitcoin possibly altcoins will be gone, but chances of that happening is really modest, bear in mind bitcoin is cryptocurrency a fantastic for the long term

Bitcoin is becoming stronger and stronger every day. I doubt that there is anything that can stop this activity. Recently nobody has heard about it, and now almost everyone knows, and every second one uses it! I do not know what it would have to be to end this.

Why do you want to be to end this trend? I think Bitcoin can increases its value more than every day is the benefit for any Bitcoin holder? Or are you not a Bitcoin holder? Do you want to buy Bitcoin with cheap price again?

[boriss3]

There will often be folks buying and selling bitcoin on exchanges or converting it for Gold, Fiat, Dark Internet merchandise or whatsoever so essentially it really is often shifting, i don't see the position here.

[qwertyup23]

if we say that no one will use bitcoin it is impossible because there are many people who spend their money on daily needs most of the people are completing their education through this financial help so it can’t be said that no one will use bitcoin. If you have a minor quantity of this currency you will use less and if you have a much quantity you will use more but we can’t stop spending this currency.

In the event that no one will ever spend their bitcoins (which is deemed impossible), then slowly it will become obsolete and its value will plummet in the market. Like most of the people said, it is impossible for users to not spend their bitcoins due to its significant value if converted to fiat and investments that are high risks. The reason on why bitcoin's prices are continuously rising everyday is due to people spending it on the market, thus making it very liquid. Its volatile and decentralized nature makes it as a perfect vessel for investors to take the risk and hope to yield income in the future.

[vafro]

I am sorry to say, but this query is like, what would occur of the sky would fall!!  This would not take place, simply because there are to a lot of people on the networks and there is no cause for them to stop using the program.  Inquiring what if is in no way everything a lot more than a squander of time.  What if I was a millionaire???  I would not be below.

[Aganythe]

Most very likely the bitcoin will go down soon or afterwards than and also will significantly less much more used too so it would not be very good at all for the bitcoin.

[Ziomuro27]

Share your ideas here.  

In my opinion, I think we will be stuck in one price or maybe worse we will all go down.

Here is what happened when US citizens are saving too much.

That's important because American spenders make up the majority -- about 70% -- of economic activity in the country. If people don't spend, the economy doesn't grow.

Check it out here

I think that the balance of the people and the society will be affected because it's not proportion nor balance and I think also that most people will spend their money for a reason and not just invest it forever in their virtual wallet to make a bug income.