If no one spends bitcoin what might happen?

[Aamir1]

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.

Obviously and that actually never happens because there are always people for selling or buying bitcoins because the community or the user database of bitcoin is too large so if someone holds his coins then someone else sells them because he needs money.

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[Red-Apple]

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.

not spending is different from not trading. because even if there is no spending there will be traders on exchanges trading bitcoin for fiat.

not spending bitcoin means no usage for bitcoin (which will never happen) so in that case the price will be like an altcoin below $10 because there is not any real demand to keep the price up in that scenario.

[eternalgloom]

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

Doesn't the price go down when a lot of people are spending Bitcoin in shops that immediately convert those Bitcoins to fiat?

[Wandering Soul~]

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 coming

[fravia]

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.

you are right, i think people would still buying their bitcoins then even though they wouldnt be able to sell it, i think that bitcoins are really great to use for shopping

[Shiroslullaby]

I'm pretty sure that only maybe 25% of people buying coins right now are selling them.
Most people are buying and holding (speculation)
or trading when the price changes (big time traders)

That is why the price is not moving much right now, I think.
We need more users actively spending if we want the price to rise, although a steady price is much better than a volatile coin that can lose its value.

[BitFinnese]

I'm pretty sure that only maybe 25% of people buying coins right now are selling them.
Most people are buying and holding (speculation)
or trading when the price changes (big time traders)

That is why the price is not moving much right now, I think.
We need more users actively spending if we want the price to rise, although a steady price is much better than a volatile coin that can lose its value.

I agree, for bitcoin price to move, we need a new investors or make it actively circulating in the economy.  One of the reason of the stable price is that there is not much of the coming demand and most are holding, which eventually lead to boredom to some investors and eventually price decline due to selling holdings and switching to more profitable trades.

[shugareward]

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.

Obviously and that actually never happens because there are always people for selling or buying bitcoins because the community or the user database of bitcoin is too large so if someone holds his coins then someone else sells them because he needs money.

of course it wont happen  in my opinion, bitcoin is a perfect currency and i doubt that people will one day just decide to not use it

[Johann Sebastian Bach]

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 disagree with this if no one spends bitcoin, it means that there is not a bitcoin economy, and if that happens then that means that there´s not demand for bitcoin and then the price will plummet like a rock.

[outatime1]

If no one spends bitcoin then it will limit the potential uses of bitcoin and it's value will stay low. It would only be used as a way to hold money. I would expect that it will be used for purchases and transfers if bitcoin ever becomes very popular.

[akosipepot]

I think it will raise a crisis in crypto world.but its impossible to happen.unlike other crypto currency.bitcoin was well establish on the beginning and it has strong foundation.thats why many of us love's bitcoin.cos it uses is very useful in daily transaction.

[Yakamoto]

If no-one is spending their coins then what will happen is there will be no demand for Bitcoin because there will be no supply for it, and the value will plummet because there is absolutely zero economic movement happening with which the currency is able to find value. This is of course one of the wrost-case scenarios for Bitcoin and something like this is incredibly unlikely, but it is a legitimate concern for some people. I personally wouldn't worry about something like this.

[danherbias07]

If no-one is spending their coins then what will happen is there will be no demand for Bitcoin because there will be no supply for it, and the value will plummet because there is absolutely zero economic movement happening with which the currency is able to find value. This is of course one of the wrost-case scenarios for Bitcoin and something like this is incredibly unlikely, but it is a legitimate concern for some people. I personally wouldn't worry about something like this.

This question just popped out because of the frequent comment of people that they should be just keeping their bitcoins.

I know you could see that too. Yes it have a low percentage that it might happen but with a large group of people that is rotting their coins it might affect the economy too.

[machinek20]

it will be disaster, without the spending there wont be any mining and without all of that bitcoin will become stagnant and its going to be affected to the price, if everybody keep saving and not spending then bitcoin will get weaker and in the end will be no value, so its good to save but we also need to spend to maintain the bitcoin value

[Digitalbitcoin]

I am still not understanding that why people ask such impossibilities ? And post on Bitcointalk.
I will suggest to understand what is Bitcoin means properly.

"Bitcoin is first decentralized virtual digital p2p crypto currency." If understand meaning of each and independent word mentioned it will clear doubt about thinking of such non happening things.

And its simple to understand that if people believe in things then it becomes valuable and if people dont like them then its become so cheap/ non valuable.


But its already proved that Bitcoin brings revolution. And already bitcoin have stable and sustainable network of active users globally.

[agamasrori]

If no one spends bitcoin in long term, that will impact to the bitcoin flow. Its gonna be stagnant and also bitcoin will drop of popularity. But a realise that people still love use bitcoin bicause bitcoin technology is the modern one. And i am sure that online transaction is need in the future. So bitcoin is useful

[pakitz]

i guess most of the miners right now is hording btc and waiting for the jackpot .. as of today i think the value of btc is getting back to its shape.. the value of btc will surely go up if everybody's saving coins..

[lionheart78]

If no one spends bitcoin in long term, that will impact to the bitcoin flow. Its gonna be stagnant and also bitcoin will drop of popularity. But a realise that people still love use bitcoin bicause bitcoin technology is the modern one. And i am sure that online transaction is need in the future. So bitcoin is useful

The same thing i'm thinking.  If no one will sell bitcoin, the first effect would be price increase but if people still stubborn enough not to sell any even if the price is rising,  the interest will be gone and the investor will look ffor a new investment where their capital will be actively moving to give them profit.  So when this happen bitcoin price will decline until no one is interested in buying the coins.

[Viyamore]

If no one spends in bitcoin ,bitcoin will no longer be known or its popularity now will not been taken ,it just because the people or the investors got interested to bitcoins for knowing that they will earn a profit from it compare to the local banks and other investments .maybe it is used only for some trading ,gambling ,hyips and minning sites . Bitcoin will have stable value then .

But if the OP means as they spend then stop bitcoin value will go down as its holders tend to sell their bitcoins.

[gandame]

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

It is impossible to happen because so many countries that it knows about bitcoin . And not everyone just kept their bitcoin there and there still use it to be spent primarily people whose only income is the bitcoin . So it's not just simply reduce or stop as much support in bitcoin as a major livelihood of unemployed people .