If no one spends bitcoin what might happen?

[stepwilli]

I'm not sure about all the people will not spend bitcoin but we can take a guess work like only 1% of people are spending bitcoin and the rest are saving bitcoin. In this kind of situation price of bitcoin will rapidly grow. Because the zero hour supply will lead to negative consequence whereas very less supply will induce high demand.

You must be right. Practically there will not be any chances for all the people to stop spending, but there are chances only very less people are spending and all others are saving. I guess already this kind of situation is only going on as we are spreading about bitcoins' future value which might have made more people to save their bitcoins.

I too agree, already we are into that kind of situation, but the price of bitcoin is not yet skyrocketing, as there is a sufficient inflow from bitcoin mining process. So, we can not consider such a situation including miners. Because miners must have to spend bitcoins to compensate their running costs.

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[Foref1982]

If no one spent bitcoin, its price would go up because of the incoming investments so bitcoin holders would experience a rise in their funds until they decide that they have enough funds and start to sell. Then its price could go down or up again.

[piececake24]

It means the end of bitcoin the era of bitcoin is over and new currency will make his name

[bryant.coleman]

If no one spend their bitcoin, the bitcoin's price will go down and i am sure about that. And bitcoin will be vanished from this world.

Even now, very few people are spending their coins, and there are very few sites which accept Bitcoins. In the long term, this will be detrimental to the value of BTC. The real value of Bitcoin lies in its use as a payment medium. If people are not using it as a payment medium, then its significance and the importance will go down gradually.

[deisik]

bitcoin prices probably will rise if nothing is spent bitcoin. everyone will hold bitcoin they have, so that the transaction will be hampered, and make bitcoin prices rise, but it will happen if bitcoin still be produced. but it's just good possibility, because of possible poor bitcoin prices may be down, but I guess it will be very tough going

spending is not equal to not selling.

if noone spends bitcoin means bitcoin no longer has any real world usage and that will be a bad day for bitcoin because it can lose its popularity so the price will actually go down

Would you consider gambling as spending? If yes, than why should we not consider trading (which you seem to distinguish from spending) as spending too, since trading is not far from gambling essentially? On the flipping side, gambling is basically a service, and money spent in this way is considered as really spent...

If you disagree, explain the fundamental difference between these two activities in the given context

[chaosknight]

If no one spend their bitcoin, the bitcoin's price will go down and i am sure about that. And bitcoin will be vanished from this world.

Even now, very few people are spending their coins, and there are very few sites which accept Bitcoins. In the long term, this will be detrimental to the value of BTC. The real value of Bitcoin lies in its use as a payment medium. If people are not using it as a payment medium, then its significance and the importance will go down gradually.

yeah if its not used as a currency then it will surely have bad impact on its price and it will not reach to our expected level, so spending it either online or converting to fiat is necessary to make it stronger currency.

[malikusama]

The price will fall down because there will be no more circulation of BTC in market. The economy depends upon the circulation of money (BTC) in market.

[croutonhexagon]

Then obviously the price will rise but if there is no buyer then definitely price will drop to $10 or $100 . It's just my imagination don't v take it seriously. Actually I have no idea of what will happen if your statement proves to be true. I think bitcoin will loss it's popularity and final we will have no user bitcoin.. But I don't want this happen

[Nowl1935]

If no one spend bitcoin, im pretty sure that the price value of bitcoin is going down. It will decrease into lower price value. Then time goes by it will be worthless and die. Without bitcoin consumer, there is no circulation in the market.

[haankoammu]

I think if there are no transactions then BTC wouldn't move at all, Regardless of that it's impossible that no one sends or receive BTC overall, Just by common sense in the same manner that it's impossible that no one uses cash.

[20kevin20]

If nobody would spend Bitcoin, it would obviously fail. If nobody buys Snickers anymore, what happens to it? It fails, and the company will be either sold to someone else or completely vanished. Same thing happens with Bitcoin too. Bitcoin needs transactions in order for the price to be increased. You better use two wallets: savings and spendings.

[martinacar]

If no one spends bitcoins then the value of bitcoin will go down by alot since there is no use in having something which isn't used.
You would see prices crashing probably and no shop owner would ever want to accept it as payment method.

[dunfida]

In my own  view  if we  assume  it that it would happen on the  current state which  no one would already spent his bitcoin holdings or shall we say  all of us holds our bitcoin on our wallets then it would not  make  the price move since there  no active  event happening  on bitcoins price which is the most important thing    for  able to bitcoin to rise its price.

[hasiramasenju]

my answers is if no one spend their bitcoin i think the price of bitcoin will doesn't grow and slowly but sure that bitcoin will dead because of that build bitcoin exchange or casinos online who accepting bitcoin won't profitable any longer and bitcoin will have no price

[Superbitzz]

there may be two conditions in such situation, the one is that if people refuse to use bitcoin then the price of bitcoin will fell down and bitcoin will become devalued. but if people do not want to use and hold it for the future, then the price of bitcoin will sky rocket, because the demand will increase and supply will decrease which will cause the increase the price.

[molsewid]

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 will not go down if you can see the patern of the pricing of the bitcoin since 2014 till 2016 you will the patern of the price and in the year 2017 there are lots of features that bitcoin will happens just let us wait and don't be too excited on what will happens on the future of 2017

[dharkmadder]

I doubt that can happen, That's the same as saying that people won't use money as people don't coordinate like that and everything is random... Anyway if that happen "regardless of how improbable of it to happen" I think the price would increase if there is still demand and buyers.

[Pencila]

I doubt that can happen, That's the same as saying that people won't use money as people don't coordinate like that and everything is random... Anyway if that happen "regardless of how improbable of it to happen" I think the price would increase if there is still demand and buyers.

The bitcoin price will rise when there is good amount of bitcoin being used to buy things by the people.

[GermanFoobla]

If nobody is going to spend there Bitcoin then the value of the Bitcoin is going to keep being stable and because of that we cannot sell for a profit.
The price is then not going to get any higher and that can be something bad for Bitcoin. 

[danherbias07]

If nobody is going to spend there Bitcoin then the value of the Bitcoin is going to keep being stable and because of that we cannot sell for a profit.
The price is then not going to get any higher and that can be something bad for Bitcoin. 

Too bad. The merchants wont see bitvoin as a good way to transact so they will not include it with the list of payment options. Lazada a known online store dont have a bitcoin payment option that is one example that they are not considering to use it.