Bitcoin Forum
March 28, 2024, 09:35:01 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 [31] 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 »
  Print  
Author Topic: If no one spends bitcoin what might happen?  (Read 52558 times)
tee-rex
Hero Member
*****
Offline Offline

Activity: 742
Merit: 526


View Profile
December 09, 2016, 07:47:22 AM
 #601

What the actual heck? What do you even mean?

If no one spends bitcoin, then there will be no blocks mined, because people mine blocks for profit and if for whatever reason they decide to not spend that money... It's just not logical.

The network will still be there, the ledger won't change. It's probably just the popularity of bitcoin has fallen down.
Exactly, if no one spends bitcoin there will be no circulation and bitcoin will be dead. That might happen in the future in case people will lose their trusts with bitcoins due to government regulations that will make the usage of bitcoin to be illegal.

Bitcoin will not die, it will stay as a bitcoin. But what will change is its value, it will no longer be valuable and will remain as a digital number only. The market will die and other altcoins will join too since they are not ready, not independent from bitcoin. Not only bitcoin will end but all of cryptocurrency will suffer from having no value at all. But hope this will not happen.

This is equal to turning into a zombie Bitcoin. And many people may doubt if it wouldn't be better to grant mercy to it and let it die peacefully without invoking shadows. That will likely increase the chances of survival of other altcoins left behind. Maybe, there is already a Zombie coin, but it is an obvious misuse of the term.
1711661701
Hero Member
*
Offline Offline

Posts: 1711661701

View Profile Personal Message (Offline)

Ignore
1711661701
Reply with quote  #2

1711661701
Report to moderator
"There should not be any signed int. If you've found a signed int somewhere, please tell me (within the next 25 years please) and I'll change it to unsigned int." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711661701
Hero Member
*
Offline Offline

Posts: 1711661701

View Profile Personal Message (Offline)

Ignore
1711661701
Reply with quote  #2

1711661701
Report to moderator
passwordnow
Hero Member
*****
Offline Offline

Activity: 2898
Merit: 570


Leading Crypto Sports Betting & Casino Platform


View Profile
December 09, 2016, 08:35:28 AM
 #602

If no one spends bitcoin then the world is destroyed for there is no more interest with bitcoin. And bitcoins value will be $0.00000000 believe me that it will happen if no one spends bitcoin. But with what's happening now, I don't know if that is possible to happen for the demand of bitcoin is increasing rapidly and there is always a price movement.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
HatakeKakashi
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 513


View Profile
December 09, 2016, 08:49:29 AM
 #603

If no one spends bitcoin then the world is destroyed for there is no more interest with bitcoin. And bitcoins value will be $0.00000000 believe me that it will happen if no one spends bitcoin. But with what's happening now, I don't know if that is possible to happen for the demand of bitcoin is increasing rapidly and there is always a price movement.
Yes bro your right if no one spend Bitcoin the Bitcoin price will no value or $0. If many people using Bitcoin it will increasing the price . but as of now I don't think will happen also because can you see how much the Bitcoin price is very good and very stable . millions of people using and trust Bitcoin right now . and I hope many people will know about bitcoin and i hope many big investor will invest. Bitcoin is for the whole world is for all people and bitcoin gives opportunity to us to earn money.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
Yutikas_11920
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500



View Profile
December 09, 2016, 12:09:49 PM
 #604

If no one spends bitcoin then the world is destroyed for there is no more interest with bitcoin. And bitcoins value will be $0.00000000 believe me that it will happen if no one spends bitcoin. But with what's happening now, I don't know if that is possible to happen for the demand of bitcoin is increasing rapidly and there is always a price movement.
Yes bro your right if no one spend Bitcoin the Bitcoin price will no value or $0. If many people using Bitcoin it will increasing the price . but as of now I don't think will happen also because can you see how much the Bitcoin price is very good and very stable . millions of people using and trust Bitcoin right now . and I hope many people will know about bitcoin and i hope many big investor will invest. Bitcoin is for the whole world is for all people and bitcoin gives opportunity to us to earn money.

It is indeed something the law of nature and the laws of economics. Indeed the price of bitcoin will be very low if there will be people who want to buy it and spend all the rest of that exists in the bitcoin. It's all something that is reasonable, but it's also not going to happen in the bitcoin. Because I see the bitcoin has huge potential and will give us a very good profit for everyone. Now we have to always think positively in order to get the great spirit
Boss CJ
Full Member
***
Offline Offline

Activity: 126
Merit: 100


View Profile
December 09, 2016, 02:41:59 PM
 #605

With that I think that  the bitcoin price would just sell at low price, in a positive way the best thing that might happen is many people will encourage to buy while it is at its low price. But, if no one would spend? I don't think it would happen nowadays. It has many advantage that keeps people from using it.
coinplus
Legendary
*
Offline Offline

Activity: 1386
Merit: 1058



View Profile
December 09, 2016, 08:55:29 PM
 #606

How could “no one” spend bitcoin. The point of bitcoin is to spend it like any other currency or commodity people have . Worst case scenario , we do not spend gold anymore but gold has value , and it always goes up . So it would be like gold where bitcoin has worth but not spend daily.
dhampir-D
Sr. Member
****
Offline Offline

Activity: 454
Merit: 250



View Profile
December 09, 2016, 09:01:48 PM
 #607

I think the more logical answer is that the price would suffer a fall, because with Bitcoin not being used to trade things, that would make people think that the currency is not being adopted the way it should, as a currency that should move the economy. But I may be wrong, because Bitcoin would still be a great way to store value.
Vaskiy
Legendary
*
Offline Offline

Activity: 2618
Merit: 1105


Tontogether | Save Smart & Win Big


View Profile
December 10, 2016, 05:29:54 AM
 #608

People continue to spend their hard earned bitcoin for their daily needs. Even if none spends bitcoin the trading itself creates the circulation that's required to have a stable value without much fluctuations happening continuously.

zidanw
Sr. Member
****
Offline Offline

Activity: 1162
Merit: 258


1xbit.com


View Profile
December 10, 2016, 05:46:45 AM
 #609

give your bitcoin to me I'm will spend it for you. Cheesy Cheesy. no one will let bitcoin someday surely must will used for whatever

.
1xBit.com TICKET RUSH
                                       ▄██▄▄
    ▄▄▄▀▀█████▀▀▄▄▄            ▄▄    ▄███████▄
  ▄▀      ▀█▀      ▀▄        ▄█████████████████▄
 ██▌       █       ▐██      ▄████████████████▀▀██
████▄▄   ▄▄█▄▄   ▄▄████   ▄████████████████▀████
██▀   ▀▀███████▀▀   ▀██▄▄██████████████▀▀███▄▄██
█        █████        ██████████████▀██████▀▀ ▄▀
█       █     █       ███████████▀▀███▀▀▀▀▄▀▀
 █▄▄▄▄▄▀       ▀▄▄▄▄█████████████▀▀
  ▀████▄       ▄███████████████▀▀
    ▀▀▀██▄▄▄▄▄███████████████
               ████████▀▀
               ▀█▄▄▀ ▀
██████████
██
██
██
██
██
██
██
██
██
██
██
██████████
.
BET ON
WORLD CUP &
COLLECT TICKETS!
|.
██████████
██
██
██
██
██
██
██
██
██
██
██
██████████
██████████
██
██
██
██
██
██
██
██
██
██
██
██████████
.
TAKE PART
██████████
██
██
██
██
██
██
██
██
██
██
██
██████████
nara1892
Hero Member
*****
Offline Offline

Activity: 1526
Merit: 654



View Profile
December 10, 2016, 10:56:49 PM
 #610

What the actual heck? What do you even mean?

If no one spends bitcoin, then there will be no blocks mined, because people mine blocks for profit and if for whatever reason they decide to not spend that money... It's just not logical.

The network will still be there, the ledger won't change. It's probably just the popularity of bitcoin has fallen down.
Exactly, if no one spends bitcoin there will be no circulation and bitcoin will be dead. That might happen in the future in case people will lose their trusts with bitcoins due to government regulations that will make the usage of bitcoin to be illegal.

Bitcoin will not die, it will stay as a bitcoin. But what will change is its value, it will no longer be valuable and will remain as a digital number only. The market will die and other altcoins will join too since they are not ready, not independent from bitcoin. Not only bitcoin will end but all of cryptocurrency will suffer from having no value at all. But hope this will not happen.

yeah, bitcoin would be like a died city, but it still exist. just no one use it, so it might be forgotten. however, it does not make any sense why people keep saving their money in a big amount and do not use it. if they no longer trust bitcoin, I think they would convert it to fiat. at least the money can be used.

.
.DuelbitsSPORTS.
▄▄▄███████▄▄▄
▄▄█████████████████▄▄
▄██████████████████████▄
██████████████████████████
███████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
█████████████████████████
▀████████████████████████
▀▀███████████████████
██████████████████████████████
██
██
██
██

██
██
██
██

██
██
██
████████▄▄▄▄██▄▄▄██
███▄█▀▄▄▀███▄█████
█████████████▀▀▀██
██▀ ▀██████████████████
███▄███████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
▀█████████████████████▀
▀▀███████████████▀▀
▀▀▀▀█▀▀▀▀
OFFICIAL EUROPEAN
BETTING PARTNER OF
ASTON VILLA FC
██
██
██
██

██
██
██
██

██
██
██
10%   CASHBACK  
          100%   MULTICHARGER  
rajasumi3
Full Member
***
Offline Offline

Activity: 266
Merit: 100


View Profile
December 11, 2016, 02:36:42 AM
 #611

There will be a community of people who will become the rihest by possessing the most bitcoins and if they dont use it at all .well on the other hand ,some people will use it .even if they dont the price of bitcoins will reach to a maximum level .
betlord90
Hero Member
*****
Offline Offline

Activity: 630
Merit: 500


View Profile
December 11, 2016, 02:46:33 AM
 #612

Or maybe something worst than you thought might happen like bitcoin would disappear because no one in this whole wide world use it anymore. Though, it is impossible to happen because you know, people who are into bitcoin would never do such thing. Bitcoin is a very popular coin among the other cryptocurrencies in the internet so you don't have to worry about this. We will never let bitcoin go down.
hawkins
Hero Member
*****
Offline Offline

Activity: 1204
Merit: 500



View Profile
December 11, 2016, 02:53:38 AM
 #613

Or maybe something worst than you thought might happen like bitcoin would disappear because no one in this whole wide world use it anymore. Though, it is impossible to happen because you know, people who are into bitcoin would never do such thing. Bitcoin is a very popular coin among the other cryptocurrencies in the internet so you don't have to worry about this. We will never let bitcoin go down.
Well, you're probably right. if bitcoin've never spent more especially in a very long time, there is a possibility that bitcoin will disappear. perhaps because at the time it was discovered something new. but, I also feel that it will not happen, because they certainly will never store bitcoin they have, without a goal.
jackydm168
Sr. Member
****
Offline Offline

Activity: 268
Merit: 250



View Profile
December 11, 2016, 04:22:22 AM
 #614

If no one spends bitcoin , it will not help in rising the bitcoin price .Soon the price will go down because people will lose interest in bitcoin。Finally bitcoin completely lost value, collapse.


ged00u
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500



View Profile
December 11, 2016, 04:57:48 AM
Last edit: December 11, 2016, 03:57:59 PM by ged00u
 #615

Or maybe something worst than you thought might happen like bitcoin would disappear because no one in this whole wide world use it anymore. Though, it is impossible to happen because you know, people who are into bitcoin would never do such thing. Bitcoin is a very popular coin among the other cryptocurrencies in the internet so you don't have to worry about this. We will never let bitcoin go down.
Well, you're probably right. if bitcoin've never spent more especially in a very long time, there is a possibility that bitcoin will disappear. perhaps because at the time it was discovered something new. but, I also feel that it will not happen, because they certainly will never store bitcoin they have, without a goal.
I do not think that bitcoin will disappear if no one uses it. Bitcoin will only become worthless and its price may drop to less than $0.01. I hope that everyone will use Bitcoin because it is the only chance for Bitcoin to develop and become greater in the future.
Babayega31
Hero Member
*****
Offline Offline

Activity: 630
Merit: 500

Cryptocurrency Wallet - Denaro.io


View Profile
December 11, 2016, 07:00:57 AM
 #616

If no one spends bitcoin , it will not help in rising the bitcoin price .Soon the price will go down because people will lose interest in bitcoin。Finally bitcoin completely lost value, collapse.





If we dont spend bitcoin, there would be possible fall of its cryptocurrency economics and bitcoin exchange rate has no price movement whether it goes up or down. Tradings of altcoins will be primarily affected if ever demand falls due to unspending because trading markets rely on the selling and buying of altcoins which is a part of spending different optional ways like cashing out and payments online.

Rizky Aditya
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500


View Profile
December 11, 2016, 07:06:48 AM
 #617

Why would you buy Bitcoin and then not spend it? I get that some people keep it as an investment, but some will always use it to buy things. Even if people aren't buying it, they are earning Bitcoin which helps circulate it with different people.
passwordnow
Hero Member
*****
Offline Offline

Activity: 2898
Merit: 570


Leading Crypto Sports Betting & Casino Platform


View Profile
December 11, 2016, 03:28:58 PM
 #618

If no one spends bitcoin then the world is destroyed for there is no more interest with bitcoin. And bitcoins value will be $0.00000000 believe me that it will happen if no one spends bitcoin. But with what's happening now, I don't know if that is possible to happen for the demand of bitcoin is increasing rapidly and there is always a price movement.
Yes bro your right if no one spend Bitcoin the Bitcoin price will no value or $0. If many people using Bitcoin it will increasing the price . but as of now I don't think will happen also because can you see how much the Bitcoin price is very good and very stable . millions of people using and trust Bitcoin right now . and I hope many people will know about bitcoin and i hope many big investor will invest. Bitcoin is for the whole world is for all people and bitcoin gives opportunity to us to earn money.

It is indeed something the law of nature and the laws of economics. Indeed the price of bitcoin will be very low if there will be people who want to buy it and spend all the rest of that exists in the bitcoin. It's all something that is reasonable, but it's also not going to happen in the bitcoin. Because I see the bitcoin has huge potential and will give us a very good profit for everyone. Now we have to always think positively in order to get the great spirit

Yes, it is impossible to happen that bitcoin will not be used by many people. Of course we are seeing what is happening with bitcoin now and its price is getting higher and higher as the days goes by. So that we don't even need to think about it and let's just keep on saving and holding a lot of bitcoins until the price gets higher.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
mace15
Hero Member
*****
Offline Offline

Activity: 1428
Merit: 506


View Profile
December 11, 2016, 03:57:25 PM
 #619

If no one wouod spends bitcoin, the economics is not
good. This is one of the downfall in the market. If
then no one will patronize bitcoin, demand or supply
will decrease.
triasel
Sr. Member
****
Offline Offline

Activity: 672
Merit: 250



View Profile
December 14, 2016, 01:27:51 PM
 #620

i think this is not happened bacause many people use bitcoin as their income , buy rice and daily need other ! if they spend it, what are they eat?
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 [31] 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!