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groll
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September 05, 2016, 04:19:30 PM |
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Nothing happens, the market would still function because the speculation will never end. There will always be supply and demand of Bitcoins going on, keeping the market alive, even if people dont use to to buy groceries.
I was actually thinking the opposite. If no one spend bitcoins and just remain on our wallet then there will become a little or no source/bitcoin anymore. Just like a fiat coin. If we will all keep it then nothing left to be circulated. Our government needs to make more coins but does it applies to bitcoins? I think it have only specific number of bitxoin created. Then would the develper needs to create or reprogram bitcoins? |
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Akupuniard
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September 05, 2016, 05:08:54 PM |
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I think that price will start decreasing very fast till $0.0, cause currency what no need to people can't have any price, but i don't believe in could happen.
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marcuslong
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September 05, 2016, 05:13:35 PM |
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Share your ideas here.  In my opinion, I think we will be stuck in one price or maybe worse we will all go down. Here is what happened when US citizens are saving too much. That's important because American spenders make up the majority -- about 70% -- of economic activity in the country. If people don't spend, the economy doesn't grow.
Check it out hereWell if no one uses bitcoin i guess the bitcoin price will be stock , and it will be stable or maybe theres a chance that bitcoin will go down dropped into 100$ again but there's a lot of country who are using bitcoin right now they are just using bitcoin as a currency to start trading or anything to earn profit every month or week |
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Danielzo
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September 06, 2016, 05:19:02 AM |
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The flow of a currency is crucial to its existence. If no one would spend bitcoin, it would not take long until its eventual death.
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p_linz
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September 06, 2016, 06:24:52 AM |
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The flow of a currency is crucial to its existence. If no one would spend bitcoin, it would not take long until its eventual death.
most of the transactions right now are related to buying and selling btc. if btc was on the brink of death people would start selling there btc and this would increase transactions. but also this might create a run and price collapse. |
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Viscoat
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September 06, 2016, 07:44:42 AM |
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The flow of a currency is crucial to its existence. If no one would spend bitcoin, it would not take long until its eventual death.
most of the transactions right now are related to buying and selling btc. if btc was on the brink of death people would start selling there btc and this would increase transactions. but also this might create a run and price collapse. That is right. And most of the tranactions are very small amount. I think the gambling is a large proportion of the transactions. |
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groll
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September 06, 2016, 07:54:09 AM |
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The flow of a currency is crucial to its existence. If no one would spend bitcoin, it would not take long until its eventual death.
Yes, that is what I am saying before it is like the actual coin we have in our government. The flow of it on how it circulates and use by everyone is the important thing why it still exist. If we will not use our bitcoin and will just save it on our wallet then you are right, it could be dead. Since no one will use it, it will not be in demand and its price might collapse. |
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Adrorecia
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September 06, 2016, 08:12:23 AM |
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If no one spends bitcoin then at first the prices will skyrocket and after that the prices will plummet making bitcoin worth exactly nothing. If nobody spends a currency and that currency isn't being used then nobody is interested in using it either resulting in a useless currency. So I think that is what would happen.
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p_linz
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September 06, 2016, 10:33:07 AM |
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If no one spends bitcoin then at first the prices will skyrocket and after that the prices will plummet making bitcoin worth exactly nothing. If nobody spends a currency and that currency isn't being used then nobody is interested in using it either resulting in a useless currency. So I think that is what would happen.
interesting theory you have, but why would it skyrocket first? wouldn't this make people sell bitcoin and taking a profit? and by selling the transactions would go up? |
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dunfida
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September 06, 2016, 10:50:25 AM |
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If no one spends bitcoin then at first the prices will skyrocket and after that the prices will plummet making bitcoin worth exactly nothing. If nobody spends a currency and that currency isn't being used then nobody is interested in using it either resulting in a useless currency. So I think that is what would happen.
interesting theory you have, but why would it skyrocket first? wouldn't this make people sell bitcoin and taking a profit? and by selling the transactions would go up? It would pump at first same as you saw on launching of altcoins which usually pumps in the first place then suddenly dump if all of coin holders would sell all their coins. Yes selling coins would gain profits and expect thats its price would dump to the lowest and would never go up unless if someone buys again. Its just a matter of supply and demand. |
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pinkpanther03
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September 06, 2016, 11:42:00 AM |
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well if that happens, I think the price value of bitcoin will goes down for sure, and also all exchange platform will get less profit in bitcoin. Perhaps some of the members once it go down many users will get buy into it, including me of course I will buy it too.
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pinkpanther03
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September 06, 2016, 11:45:45 AM |
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If no one spends bitcoin then at first the prices will skyrocket and after that the prices will plummet making bitcoin worth exactly nothing. If nobody spends a currency and that currency isn't being used then nobody is interested in using it either resulting in a useless currency. So I think that is what would happen.
I was just wondering, why would in the first place the bitcoin prices will skyrocket? As far as I know many bitcoin enthusiast will sell their coins/altcoins. But still it depend on the individual if they buy still while go down the price or not. |
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TraderETH
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September 06, 2016, 11:59:05 AM |
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If there are not people who spends bitcoin( there are not trading activity, gambling, and making investment in bitcoin), in my opinion it is ending of bitcoin because there is not valuable in bitcoin.
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p_linz
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September 06, 2016, 12:35:15 PM |
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If no one spends bitcoin then at first the prices will skyrocket and after that the prices will plummet making bitcoin worth exactly nothing. If nobody spends a currency and that currency isn't being used then nobody is interested in using it either resulting in a useless currency. So I think that is what would happen.
interesting theory you have, but why would it skyrocket first? wouldn't this make people sell bitcoin and taking a profit? and by selling the transactions would go up? It would pump at first same as you saw on launching of altcoins which usually pumps in the first place then suddenly dump if all of coin holders would sell all their coins. Yes selling coins would gain profits and expect thats its price would dump to the lowest and would never go up unless if someone buys again. Its just a matter of supply and demand. this still does not explain the pump and also i can't see why this has something to do with ICO. |
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setupbounds
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September 06, 2016, 01:27:29 PM |
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Nothing happens, the market would still function because the speculation will never end. There will always be supply and demand of Bitcoins going on, keeping the market alive, even if people dont use to to buy groceries.
That is true but the question I believe was that if all the transactions that are happening with bitcoins stop then what would happen ? I personally know this is not possible but actually if this happens then there would be no locks mined I guess since they don't have any transactions to confirm. But honestly this is even beyond impossible. |
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danherbias07 (OP)
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Leading Crypto Sports Betting & Casino Platform
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September 06, 2016, 01:39:35 PM |
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The flow of a currency is crucial to its existence. If no one would spend bitcoin, it would not take long until its eventual death.
most of the transactions right now are related to buying and selling btc. if btc was on the brink of death people would start selling there btc and this would increase transactions. but also this might create a run and price collapse. Have some of you thought of that when Bitfinex is told that it is hacked? I think that the real reason that price went down that moment is because people got scared and sold some of their coins, I think even just ROI is sufficient and they left some in case it will be still alive. Selling will really collapse it. It is different than making using it through buying something. |
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Altynbekova
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September 06, 2016, 01:41:16 PM |
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Well it is simple that when nobody spends the bitcoin the bitcoin will go up really high until a certain ceiling after that it will not go higher and has to be spend to retain value so it will go super high then everybody would sell and the joke starts again. This is what I think would happen though I can't say for sure ofcourse
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rektDude
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September 06, 2016, 01:49:53 PM |
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If no one spends bitcoins the price of the bitcoin will never be such a high as he is for now i think the price would be around the 10 dollar each and not even more because no one spends.
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Fatanut
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September 06, 2016, 01:56:36 PM |
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If all the Bitcoin users refuse the spend their Bitcoin and decide to just hold all of them, then the price of Bitcoin will not move. Bitcoin's price will not increase, it will not decrease as well. No movement will be detected until somebody decides to sell their bitcoin or until somebody enters the bitcoin world and decide to invest some money into Bitcoin.
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michietn94
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September 06, 2016, 03:05:07 PM |
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Bitcoin value will increase if there are many demand on it. I'm sure this will be the most wanted currency that ever live on earth If all the Bitcoin users refuse the spend their Bitcoin and decide to just hold all of them, then the price of Bitcoin will not move. Bitcoin's price will not increase, it will not decrease as well. No movement will be detected until somebody decides to sell their bitcoin or until somebody enters the bitcoin world and decide to invest some money into Bitcoin.
I'm sure everyone will buy bitcoin and the value will increased exponentially |
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