If no one spends bitcoin what might happen?

[croutonhexagon]

No we are not stuck in one price , price is rising up progressively. Yea if there is no in and out of bitcoin then obviously there would be stoppage in price and even price could go down. But this is a complete unrealistic scene and there will be always in and out of bitcoin. Better it if million user there would be still 1000 people to make transaction per day

[1714144623]

1714144623

[Labumi]

No we are not stuck in one price , price is rising up progressively. Yea if there is no in and out of bitcoin then obviously there would be stoppage in price and even price could go down. But this is a complete unrealistic scene and there will be always in and out of bitcoin. Better it if million user there would be still 1000 people to make transaction per day

]

a remarkable thought. This is indeed something that cannot give us the advantage if the user does not perform a bitcoin transactions daily, for if that happens then it can be determined the growth of bitcoin will be getting worse and will eventually have an impact on the price and also the user will get a big lost bitcoin. So, all this is something of a bad thing. It should if there are 1 million users then there are at least 10 k people who conduct transactions per day

[walker30]

because everybudy not want to spend bitcoin and every buddy want to hold it.. thats why market on same price

[aomakun]

the possibility that there is a bitcoin prices will drop as little interest in bitcoin. or perhaps at worst is bitcoin will be left behind and become extinct...

[Catlonid]

because everybudy not want to spend bitcoin and every buddy want to hold it.. thats why market on same price

I think not all people which hold a bitcoin, many people spending bitcoin to trading or gambling. People spending in trading or gambling to get some profit although trading or gambling have some risk. 

[leowonderful]

the possibility that there is a bitcoin prices will drop as little interest in bitcoin. or perhaps at worst is bitcoin will be left behind and become extinct...

It's pretty much guaranteed that this situation will happen, but i dont think it'll be completely deserted. It'll probably get tons of security updates and such to prevent a situation like that, but unless some better coin surfaces that allows for better spending and similar things, i don't think it'll happen in our lifetimes. Nothing big to worry about, another coin will naturally take bitcoin's place.

[ivanst776]

If people stop spending bitcoin then the interest of people is dropping and not anymore to even heard about bitcoin.

If usability of bitcoin is dropped then it means that the bitcoin price will drop too, businesses will move to another currency etc.

I'm afraid that people will move their funds on another currency like litecoin or ethereum which has take traders attention.

[Carlsen]

If people stop spending bitcoin then the interest of people is dropping and not anymore to even heard about bitcoin.

If usability of bitcoin is dropped then it means that the bitcoin price will drop too, businesses will move to another currency etc.

I'm afraid that people will move their funds on another currency like litecoin or ethereum which has take traders attention.

Bitcoin really needs to be used as payment.
The bitcoin payment processing industry is the most important thing that has helped bitcoin to become what it is at the moment.
It connects bitcoin to the economy, no other crypto coin can deliver that.
If that would be removed, we would have a useless low priced altcoin instead.

[deisik]

If people stop spending bitcoin then the interest of people is dropping and not anymore to even heard about bitcoin.

If usability of bitcoin is dropped then it means that the bitcoin price will drop too, businesses will move to another currency etc.

I'm afraid that people will move their funds on another currency like litecoin or ethereum which has take traders attention.

Bitcoin really needs to be used as payment.
The bitcoin payment processing industry is the most important thing that has helped bitcoin to become what it is at the moment.
It connects bitcoin to the economy, no other crypto coin can deliver that.
If that would be removed, we would have a useless low priced altcoin instead.

Bitcoin is a payment processing system in and of itself, and as such it doesn't need some "payment processing industry" built around it to process transactions like Visa, MasterCard, or wire transfer systems which are required to process fiat payments (barring cash payments, of course). It has been in place since Bitcoin was born. What is required is mass adoption of Bitcoin by vendors and producers who are ready to sell their goods and services for bitcoins directly, without converting them later into fiat. But so far Bitcoin didn't get much traction in this department, and 99% of its current value comes from speculation and profiteering...

Whether you like it or not

[serjent05]

If people stop spending bitcoin then the interest of people is dropping and not anymore to even heard about bitcoin.

If usability of bitcoin is dropped then it means that the bitcoin price will drop too, businesses will move to another currency etc.

I'm afraid that people will move their funds on another currency like litecoin or ethereum which has take traders attention.

Bitcoin really needs to be used as payment.
The bitcoin payment processing industry is the most important thing that has helped bitcoin to become what it is at the moment.
It connects bitcoin to the economy, no other crypto coin can deliver that.
If that would be removed, we would have a useless low priced altcoin instead.

Bitcoin is a payment processing system in and of itself, and as such it doesn't need some "payment processing industry" built around it to process transactions like Visa, MasterCard, or wire transfer systems which are required to process fiat payments (barring cash payments, of course). It has been in place since Bitcoin was born. What is required is mass adoption of Bitcoin by vendors and producers who are ready to sell their goods and services for bitcoins directly, without converting them later into fiat. But so far Bitcoin didn't get much traction in this department, and 99% of its current value comes from speculation and profiteering...

Whether you like it or not

This is true that bitcoin is a payment processing unit itself but at the current state where less merchants is using bitcoin as currency and majority are not accepting bitcoin as mode of payment,  payment processing industry were created in order to take advantage of the profit that can be taken  from the service and at the same time, enable bitcoin to have usage virtually in  real life stuff by creating transaction from bitcoin to non-bitcoin accepting institution possible..

[Aamir1]

because everybudy not want to spend bitcoin and every buddy want to hold it.. thats why market on same price

That is not the truth man, not every person in the community holds their coins forever, if one person starts holding today then 2 persons spend or sell some of their coins tomorrow because they need to do it, no one can keep the coins forever, we hold them in order to sell them later on, so the circulation is always going on.

[hawkins]

I guess if no one spends bitcoin they collect, it will be in vain efforts we seek and collect bitcoin.   
Well, I believe that if it happens bitcoin will be something that is not useful, and will probably appear altcoin which can exceed and replace bitcoin, and when the moment comes, may bitcoin will never be used again, but I'm sure it will never come 

[jak3]

if most of the bitcoins where stopped transactions then some possible situations can occer.. markets will be stopped because someone will have the money but others will not have its exchange, trading grounds will shutdown , mNy miners will start to leave the network

[Kasplant]

if most of the bitcoins where stopped transactions then some possible situations can occer.. markets will be stopped because someone will have the money but others will not have its exchange, trading grounds will shutdown , mNy miners will start to leave the network

Yes it would mean that the bitcoin market is bleeding dead after some time if this occurs soon or later, luckily this is not gonna happen.

[izlevinv]

I guess if no one spends bitcoin they collect, it will be in vain efforts we seek and collect bitcoin.   
Well, I believe that if it happens bitcoin will be something that is not useful, and will probably appear altcoin which can exceed and replace bitcoin, and when the moment comes, may bitcoin will never be used again, but I'm sure it will never come 

If you are holding bitcoins then its really hard to believe that you will never spend them as bitcoin is also an form of money that should be spent like fiat money and if no one will spend their bitcoins then we will never see the higher price of bitcoins in future and it will make bitcoin a weaker currency.

[deisik]

If people stop spending bitcoin then the interest of people is dropping and not anymore to even heard about bitcoin.

If usability of bitcoin is dropped then it means that the bitcoin price will drop too, businesses will move to another currency etc.

I'm afraid that people will move their funds on another currency like litecoin or ethereum which has take traders attention.

Bitcoin really needs to be used as payment.
The bitcoin payment processing industry is the most important thing that has helped bitcoin to become what it is at the moment.
It connects bitcoin to the economy, no other crypto coin can deliver that.
If that would be removed, we would have a useless low priced altcoin instead.

Bitcoin is a payment processing system in and of itself, and as such it doesn't need some "payment processing industry" built around it to process transactions like Visa, MasterCard, or wire transfer systems which are required to process fiat payments (barring cash payments, of course). It has been in place since Bitcoin was born. What is required is mass adoption of Bitcoin by vendors and producers who are ready to sell their goods and services for bitcoins directly, without converting them later into fiat. But so far Bitcoin didn't get much traction in this department, and 99% of its current value comes from speculation and profiteering...

Whether you like it or not

This is true that bitcoin is a payment processing unit itself but at the current state where less merchants is using bitcoin as currency and majority are not accepting bitcoin as mode of payment,  payment processing industry were created in order to take advantage of the profit that can be taken  from the service and at the same time, enable bitcoin to have usage virtually in  real life stuff by creating transaction from bitcoin to non-bitcoin accepting institution possible..

I would rather call such services payment converting services, since the part of them which deals with processing payments as such has nothing to do with Bitcoin itself. As I got it, various Bitcoin payment cards are meant here where you pay with such a card in a shop mall for everyday goods and services. Payments are processed in fiat, and then the grand total processed is calculated in bitcoins, and the outstanding amount of bitcoins is taken from the user's wallet. These payment cards are a useful invention of the last few years, of course, but personally, I don't think that paying for your everyday needs in bitcoins is a good idea in and of itself...

It is like paying with a gold coin and getting change in nickels

[Doamader]

I guess if no one spends bitcoin they collect, it will be in vain efforts we seek and collect bitcoin.   
Well, I believe that if it happens bitcoin will be something that is not useful, and will probably appear altcoin which can exceed and replace bitcoin, and when the moment comes, may bitcoin will never be used again, but I'm sure it will never come 

If you are holding bitcoins then its really hard to believe that you will never spend them as bitcoin is also an form of money that should be spent like fiat money and if no one will spend their bitcoins then we will never see the higher price of bitcoins in future and it will make bitcoin a weaker currency.

Bitcoin into circulating are enought to cover all bitcoiners needs, people does store their savings into gold and they never had affected the value of gold, the same happens with bitcoin, some save while others does invest and risk their coins.

[Multipulty]

I guess if no one spends bitcoin they collect, it will be in vain efforts we seek and collect bitcoin.   
Well, I believe that if it happens bitcoin will be something that is not useful, and will probably appear altcoin which can exceed and replace bitcoin, and when the moment comes, may bitcoin will never be used again, but I'm sure it will never come 

If you are holding bitcoins then its really hard to believe that you will never spend them as bitcoin is also an form of money that should be spent like fiat money and if no one will spend their bitcoins then we will never see the higher price of bitcoins in future and it will make bitcoin a weaker currency.

Bitcoin into circulating are enought to cover all bitcoiners needs, people does store their savings into gold and they never had affected the value of gold, the same happens with bitcoin, some save while others does invest and risk their coins.

To grow your coins in quick time you need to take that risk of investing and if luck favors you then you can make some really good profits in short term and it will also help in multiplying your bitcoins and its important to circulate the coins either by investing or by spending them for the better economy.

[Rosberger]

I guess if no one spends bitcoin they collect, it will be in vain efforts we seek and collect bitcoin.   
Well, I believe that if it happens bitcoin will be something that is not useful, and will probably appear altcoin which can exceed and replace bitcoin, and when the moment comes, may bitcoin will never be used again, but I'm sure it will never come 

If you are holding bitcoins then its really hard to believe that you will never spend them as bitcoin is also an form of money that should be spent like fiat money and if no one will spend their bitcoins then we will never see the higher price of bitcoins in future and it will make bitcoin a weaker currency.

Its a good question and I think that it would be very bad for us all, it would mean that we all would not spend any bitcoins, its simply not logical.
If this would not happen the bitcoin will not survive it for long.

[Zalfrin]

I guess if no one spends bitcoin they collect, it will be in vain efforts we seek and collect bitcoin.   
Well, I believe that if it happens bitcoin will be something that is not useful, and will probably appear altcoin which can exceed and replace bitcoin, and when the moment comes, may bitcoin will never be used again, but I'm sure it will never come 

If you are holding bitcoins then its really hard to believe that you will never spend them as bitcoin is also an form of money that should be spent like fiat money and if no one will spend their bitcoins then we will never see the higher price of bitcoins in future and it will make bitcoin a weaker currency.

Its a good question and I think that it would be very bad for us all, it would mean that we all would not spend any bitcoins, its simply not logical.
If this would not happen the bitcoin will not survive it for long.

Bitcoin will loose all its shine if no one will spend it and it will also bring the value of bitcoins to a lower level but I don't think that will ever happens people will continue to spend their bitcoins in trading and gambling sites which will eventually help in circulating the coins.