If no one spends bitcoin what might happen?

[davis196]

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.

If nobody spends bitcoin,then bitcoin will be dead.

Forget about rise or fall of btc price,btc will be 100% dead.

A currency is strong as long as the people use it to buy goods and services.

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[rinhunter]

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.

If nobody spends bitcoin,then bitcoin will be dead.

Forget about rise or fall of btc price,btc will be 100% dead.

A currency is strong as long as the people use it to buy goods and services.

I think not 100% dead, even when no one spends Bitcoin is still exists in the Network, and the network will be lost when the miners has left.

[BitcoinHodler]

there is a limit for everything. even as a bicoinhodler i say that we should hold for only a reasonable time, and if any of us want to see bitcoin grow bigger we should think more about using bitcoin as a currency more by spending it.

[bravehearth0319]

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

Maybe the things happen is I think the price of bitcoin will be stuck at the price. Or it can goes down down too. Because nobody using it anymore. And for me I'm still  continue to buy bitcoin even if the price down.

[Kotone]

I think if no one spend there bitcoin is impossible we are always using bitcoin everyday and i can't imagine that day that no one will be spend there bitcoin for what reason? if bitcoin stop bitcoin mining i think it will less those users to use bitcoin as there  currencies.

[Ybalevia]

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

The price will go down because people will lose interest in bitcoin if it happens. That is why though it is good to hold bitcoin, it is still hurting its economy if no bitcoin is used for purchase. It is good if there is more merchandisers that will adopt bitcoin so that more will be encourage to use and spend bitcoins.

If no one is spending bitcoins i know for sure that allot of people will be proud about it becuae when everybody is spending coins i know for sure that allot of people are getting nice profit.

[danherbias07]

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

The price will go down because people will lose interest in bitcoin if it happens. That is why though it is good to hold bitcoin, it is still hurting its economy if no bitcoin is used for purchase. It is good if there is more merchandisers that will adopt bitcoin so that more will be encourage to use and spend bitcoins.

If no one is spending bitcoins i know for sure that allot of people will be proud about it becuae when everybody is spending coins i know for sure that allot of people are getting nice profit.

I didnt understand anything and I didnt get your point also. I hope you could clear this out.
To jakelyson: That is right. The interest of some merchants comes from how much the money is moving. They will look to other merchants first who are dealing with bitcoin transactions as payment. Will compare it or will see some statistics if they are profiting or just wasting time.

[Rude Boy]

If no one spend bitcoin, there exists two options (IMO). i.e., bitcoin will die or the price will increase (If more user wanted to adopt bitcoin). And  after the big pump (2013, price goes upto $1147.25 the highest price ever happened source: http://www.coindesk.com/price/ ), users hesitate to buy bitcoin at highest price. So, the first option which i've told is the maximum possibility to happen.

[SquallLeonhart]

If no one will spend their coins then I doubt its price will ever increase in future and it will make bitcoin as a weaker currency, so for better future of bitcoin we need its circulation to help the economy.

[xdrpx]

When a currency is not spent, it creates a very static market and the financial markets would collapse in the cryptocurrency sphere. Bitcoin would certainly not sustain and there's no exchange of value anymore. The price would ultimately plummet and be of no more value to anyone. Thus those who now hold it are basically holding dust. This would affect lending and borrowing as people could not lend and there would potentially be no borrowers, thus no lending rate. People who accepted Bitcoins would run out of business and shut down.

[Bitcoinbro]

If nobody decides to spend Bitcoin then the price is not going to rise anymore so people need to spend some of there Bitcoin so that the value of the Bitcoin can rise again.
I also want the Bitcoin to rise again so I hope that some people are going to spend some of there Bitcoin.

[upsidedown75]

If nobody decides to spend Bitcoin then the price is not going to rise anymore so people need to spend some of there Bitcoin so that the value of the Bitcoin can rise again.
I also want the Bitcoin to rise again so I hope that some people are going to spend some of there Bitcoin.

But I believe, when no one is ready to spend bitcoins and many people are looking for buying bitcoin then the price of bitcoin will keep on increasing rapidly. That is the basic rule of economics.
But in long term when there are no available supply, then there will not be any demand. (People will find alternative and they are going to use them). Practically there are no possibility for stopping spending bitcoin by everyone.

[ipanks]

If people don't spend bitcoins, the coin will eventually crash. Simple.

But I do not see that happening; people who work abroad and need to transfer some money home, use bitcoins to avoid the high bank transfer charges.

I think one major reason people will continue to use bitcoin is the ability to evade currency conversion fees.

the bad situation is bitcoin will fall to deep without we realize and every body which using bitcoin will loss all of their benefit and regret it to know bitcoin.

but i think, bitcoin will stay for a while and there are many people will be attract to use bitcoin to make money.

[Xenophoto]

Of course the economy will not grow. The reason why people are continuously buying Bitcoins is because they use it to buy something. We have to spend it so we would have lesser amount of money in our Bitcoin wallets, and that would mean that we would have to buy Bitcoins again. People not spending Bitcoins would be a sign that people aren't accepting Bitcoins as a payment anymore. The economy of Bitcoin at that point is already dead.

[danherbias07]

When a currency is not spent, it creates a very static market and the financial markets would collapse in the cryptocurrency sphere. Bitcoin would certainly not sustain and there's no exchange of value anymore. The price would ultimately plummet and be of no more value to anyone. Thus those who now hold it are basically holding dust. This would affect lending and borrowing as people could not lend and there would potentially be no borrowers, thus no lending rate. People who accepted Bitcoins would run out of business and shut down.

There it is. Correct. One more thing why it will collapse way faster than any other currency. It is the support and the back up. We are at little in population who knows it well and some are just for money making. If they see this falling they might end the support also.

[jonahmarieaton101]

If no one spends their bitcoin, it would defeat the purpose of it being a currency. There should be a balance between using and holding our bitcoins. Sometimes I am guilty of holding them for too long without doing any purchases. But because I primarily own bitcoin because of its speculative nature, I just hold most and just spend a little.

Yes, it is not good to hold bitcoin for a long time because maybe it will fall down or it would collapse and all your bitcoin will gone so its very sad to think that it happens that you.  Then the market will always be stable, and the value will still the same, and also then the users will be not interested anymore if no one spends bitcoin and still the value will still the same.

[Hugroll]

if no one spends any bitcoin it loses its value as a form of currency.it becomes a currency that doesnt transact.

Also if everyone just holds their bitcoin, this decreases the amount of bitcoins being sold to essentially 0,meaning the buy price would go up drastically, therefore increasing the value. 

[Pencila]

if no one spends any bitcoin it loses its value as a form of currency.it becomes a currency that doesnt transact.

Also if everyone just holds their bitcoin, this decreases the amount of bitcoins being sold to essentially 0,meaning the buy price would go up drastically, therefore increasing the value. 

That is absolutely right. That is the reason that some of us should use the bitcoin to make it useful.

[Monnt]

if no one spends any bitcoin it loses its value as a form of currency.it becomes a currency that doesnt transact.

Also if everyone just holds their bitcoin, this decreases the amount of bitcoins being sold to essentially 0,meaning the buy price would go up drastically, therefore increasing the value.  

Literally that too only has the possibility to be happened. Because, all the people will not take one single decision of not spending. So, there would be some people who will be spending some bitcoin for their own reasons. So, the possibility of having some bitcoin movements across people will be occurring somewhere for sure. Due to less availability of bitcoins for buying, the value of bitcoin will skyrocket.

[btvGainer]

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.

If nobody spends bitcoin,then bitcoin will be dead.

Forget about rise or fall of btc price,btc will be 100% dead.

A currency is strong as long as the people use it to buy goods and services.

I think not 100% dead, even when no one spends Bitcoin is still exists in the Network, and the network will be lost when the miners has left.

Yes if we keep buying and selling bitcoin,it will still exist and prosper.It is the movement that is important and not spending.If we keep our coins holding,it will kill bitcoin but if we instead keep selling and buying,even though we dont spend it,It will keep bitcoin alive