If no one spends bitcoin what might happen?

[dmbragin]

Then almost everything will stay with Satoshi Nakamoto since if no 1 is willing to spend, then no one particular will get any. By that taking place as effectively, then this discussion board will not occur to be, similarly will we have the popularity Bitcoin has these days, couple with the dreams that would have died if Bitcoin was not invest in addition to the fact that I won't be listed here nowadays.

[1715399443]

1715399443

[malekbaba]

BTC is a asset and like other asset, we need to spend/use the btc. Otherwise BTC will start to loose popularity. In short term, holding BTC will make BTC more expensive. There will have  good demand and some people among us will buy BTC at very high price. But if we stop  spending BTC in very long term, many people will turn their face away from btc. But I think, this is not going to happen. There will always be a user of btc either a buyer or a seller.

[megynacuna]

BTC is a asset and like other asset, we need to spend/use the btc. Otherwise BTC will start to loose popularity. In short term, holding BTC will make BTC more expensive. There will have  good demand and some people among us will buy BTC at very high price. But if we stop  spending BTC in very long term, many people will turn their face away from btc. But I think, this is not going to happen. There will always be a user of btc either a buyer or a seller.

it's obvious if no one spends bitcoin it is going to loose its value because there will be less demand for it as no one will be buying and holding them and so it will loose its relevance with time and will become worthless but i doubt if that will be the c ase as there are more pleople globally wjho atre investing in bitcoin in almost every hour when you watch them from the online exchanges.

[Criptolog90]

The price will go down but I think that It's impossible for people to not spend money so I don't see the situation where no one else is spending bitcoin

[valentine401]

In my opinion the value of bitcoins will stay at its normal price and the reason why the current price is very high because the supply is low and a lot of consumers needs it that is why the price keeps on increasing.

[rxone]

If no one will spend their coins that it will not help bitcoin price goes higher in future which will lead bitcoin to be a weaker currency in future, if we want that bitcoin should grow then we need to spend it like other currencies.

[Redanim]

Best case scenario, they will give us to withdraw money and bitcoin company will close, at worst they will say "sorry" bitcoin company has no profit, we gone to the minus and we have no money for payments, and we can not do anything because, as we well know, bitcoin is independent cryptocurrency and not legalized.

[siti25]

Yes I guess if nobody is spending bitcoin, then it seems bitcoin prices will stay in place, and the worst is down price. There is no reason for bitcoin to rise in price if no one is spending bitcoin. Therefore, nothing that spend bitcoin is impossible. Well, I hope it's impossible.

[teejayrichard2]

That's a very scaring question. Its going to be heart breaking if no one spends bitcoin. Means its value will be lost completely and those of us who has invested so much in it will end up in tears. I don't even want to think about it. Am positive bitcoin has come to stay forever

[yvesp110]

The price will go down but I think that It's impossible for people to not spend money so I don't see the situation where no one else is spending bitcoin

You are right it is very important to learn the bitcoin and to spend in the bitcoin because if you will not spend in the bitcoin you will not be able to make the profit from the bitcoin so it is good for you to make the high investment then after that try the new things in the bitcoin I hope the bitcoin will give you the best return and you will see how fast your money will grow and you will have the profit.

[Enoughisenough]

if nobody usually spends bitcoin the cost will increase quicker than it is at this time.provide x demand law, i am confident need will keep increasing and if nobody spends will be like supply decreasing(like what went down to dash with masternodes)

[Bambinoe]

If no one spends Bitcoin the circulating supply drops and this will definitely give rise in the price of Bitcoin. And i guess thats the main reason for the current rise in Bitcoin.

[IndependentMelvin]

Possibly the bitcoin will go down soon or after as well as will less more utilized too so it wouldn't be good at all for the bitcoin.

[Tamilson]

Yes I guess if nobody is spending bitcoin, then it seems bitcoin prices will stay in place, and the worst is down price. There is no reason for bitcoin to rise in price if no one is spending bitcoin. Therefore, nothing that spend bitcoin is impossible. Well, I hope it's impossible.

I doubt that bitcoin will have a lesser value if no one are using it, the fact that when we just keep or hoard bitcoin and there's a high demand the price will surely increase more. And when the hoarders learn that they'll just use or sell bitcoin little by little, taking the advantage of having it to make more profit.
However, there will be the chance that bitcoin become devalued when no one are interested to buy it so people will just keep it.

[saschafx]

if no one particular spends bitcoin the value will increase more rapidly than it is right now.supply x need law, i'm pretty confident demand will keep rising and if no a single spends will be like supply reducing(like what happened to dash with masternodes)

[Chienna]

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 if no one spends bitcoin it makes the price stable and it is not good. The supply will the drops and probably the bitcoin will goes down. It is not help for bitcoin to makes it higher and it is very bad effect on it.

[Bitcoinislife09]

In my opinion, I think if all of us will stop using bitcoin, bitcoin will go down and there's a possibilty that it will be removed and all of the users cannot access any longer this bitcoin. But as I see how it works nowadays, it will not happen because there are so many people who are using bitcoin and finds it very useful.

[mikki14]

Nope, that won't happen. BTC and fiat money is different.
Spending fiat money, that means they are purchasing something or availing some services that is good for the economic activity of the country. While spending bitcoin will cause a decrease on its price.

BTC is more like a commodity. If people won't spend it, its value will increase. It's like 'hoarding'. The demand for it will continuously grow, if people will buy btc and just hold it its supply will decrease. Its scarcity will cause an increase on its price.

[crustez00]

in my opinion about your topic is, when there's no one that spend bitcoin but the demand is still goes up. then, the bitcoin prices will goes up as well? so the prices will be grow more in anytime. but yeah you can say that i just guess it for 50:50   don't know what exactly will happend.  

[evgeniyosda]

If no 1 spends bitcoin then its benefit gets worthless. Bitcoin's capacity to be easily utilised to buy commodities as effectively as itself and other cryptocurrencies, and be traded is what tends to make it powerful as a cryptocurrency. Not employing it destroys its character as a acquiring medium.