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Dmitry.Vastov
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December 21, 2016, 01:40:04 PM |
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If no one dont spend bitcoin. I think the price of bitcoin will really sky high. Since its not a normal currency that in cycles. Bitcoin when you use it. It will gone forever. Thats why its okay to keep bitcoin for a long time. But i dont think that will happen. Whats the use of bitcoin if you dont want spend it? And i think you cant controll yourself when its price is really high. It will tempt you and end up using it.
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Text
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December 21, 2016, 01:44:56 PM |
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There is only a one way direction if no one spends bitcoin, the process will be destroyed and that is not the real function of bitcoin. But it is impossible to happen because almost users spend their coins to provide their needs and wants.
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Capradina
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December 21, 2016, 01:53:02 PM |
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There is only a one way direction if no one spends bitcoin, the process will be destroyed and that is not the real function of bitcoin. But it is impossible to happen because almost users spend their coins to provide their needs and wants.
All of the systems that we use in the bitcoin is an advantages and disadvantages for those who could not get a lot of good thinking. For those with very short minded or can't see what something widely then they will think that bitcoin is a digital currency that is very dangerous and is not beneficial, and to spend the bitcoin we should be able to know how butuhnya or whatever we need. For if we are too wasteful, so will never know or get more benefits from the present in the future |
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Rinder
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December 21, 2016, 03:52:15 PM |
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This would cause a big bubble, if no one spends or use their bitcoin, soo a single person could manipulate bitcoin, a panic seller would show off and make bitcoin dump under 400 very fast, this is something i doubt will happen, since we all do have a big interest into our bitcoins, and we always searching some place to invest those coins.
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wishxy
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December 21, 2016, 05:12:22 PM |
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Bitcoin is digital gold, so ask yourself why is real gold so valuable?
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bncbnc
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December 21, 2016, 09:50:34 PM |
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This would cause a big bubble, if no one spends or use their bitcoin, soo a single person could manipulate bitcoin, a panic seller would show off and make bitcoin dump under 400 very fast, this is something i doubt will happen, since we all do have a big interest into our bitcoins, and we always searching some place to invest those coins.
but i think it is not so easy, we can see that the bitcoin users are increasing from time to time, therefore bitcoin is not going to fell down, instead we can expect that the price of bitcoin will increase from time to time. |
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Positid
Sr. Member
 Offline
Activity: 378
Merit: 250
BULL RUN until 2030
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December 22, 2016, 02:57:26 AM |
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This would cause a big bubble, if no one spends or use their bitcoin, soo a single person could manipulate bitcoin, a panic seller would show off and make bitcoin dump under 400 very fast, this is something i doubt will happen, since we all do have a big interest into our bitcoins, and we always searching some place to invest those coins.
but i think it is not so easy, we can see that the bitcoin users are increasing from time to time, therefore bitcoin is not going to fell down, instead we can expect that the price of bitcoin will increase from time to time. I always like to see that happen all the time, I guess our effort have already paid or paying us with the increasing price of bitcoin now. That is the result of the continuous circulation of bitcoin and with the topic, I guess it will not happen soon. |
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salmanahmedone
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December 24, 2016, 01:41:21 PM
Last edit: December 24, 2016, 01:54:16 PM by salmanahmedone |
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Well, the price is going to remain stable, wont increase wont decrease. Thats for sure. However, something major, like the bitcoin collapse might also happen, and gold/silver or just simple fiat might replace bitcoin. The industries that depend almost/fully on bitcoin will undergo a huge loss and shut down (most likely).
are you sure? what would happened if then most bitcoin holder sell their bitcoin due there is no price movement? would it be still remain the same? no, i don't think so. bitcoin would never have a stable price no matter what , as it's designed to be like that. if then there is a lacks of spending, i believe the end of bitcoin are really near. If no one spends their bitcoin it wont really be consider as dead since people are still keeping it since it has a value. If no one spends then theres only a minimal movement on bitcoins price and we wont see any major increase or decrease. It is more likely the price will go down in the long haul. If people simply hold bitcoins without spending, it would be the same as if there were no bitcoins at all, and people that might want to buy a few bitcoins will soon forget about Bitcoin and just walk away. In my view, excessive hoarding can be detrimental to Bitcoin ecosystem, Bitcoin should circulate to stay alive. To grow bitcoin and to make it higher value spend it to something it is worth spending like investing so you can earn at the same time. |
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salmanahmedone
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December 24, 2016, 01:54:32 PM |
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We should know that to increase its value our money should be out of our pocket and circulate in the economy
like in real economy
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macspeed
Newbie
Offline
Activity: 11
Merit: 0
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December 24, 2016, 04:00:40 PM |
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clearly the bitcoin is in a huge bubble territory, don't expect bitcoin to be accepted or widely used even in long periods... even more tighter regulations to begin all over on the bitcoins from china, india to usa etc.....
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BitcoinPC
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December 25, 2016, 12:37:26 PM |
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If no one spends bitcoins at all then the price of bitcoins will rise a lot .well thats not gonna happen near soon as people reply on bitcoins a lot for their daily uses and people who want to be rich a lot in the future wil not be using bitcoins.
I dont think soo that the price will rise up if no one spends bitcoin since there no activity on bitcoins ecosystem and also this thing would possible if the demand would arise and the supply would froze then thats the time that price will increase too.Bitcoin could possibly make us rich and it depend on how much we do have it. Yes, the demand of bitcoin will decrease, but I guess people won't make that thing happen because we all want to make the price or value of bitcoin to rise up that is why bitcoin will be continue increasing. And the current price also shows the interest of people towards bitcoins. |
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Jambolb2
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December 25, 2016, 04:37:55 PM |
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We should know that to increase its value our money should be out of our pocket and circulate in the economy
like in real economy
Though it is important for bitcoin economy that most of the bitcoins should be in circulation but i don't think that just because if some of us hold some of our coins the economy will be affected at all.. because we don't hold hundreds or thousands of bitcoin and nor we can because at the end of the day we will have to use them somewhere.. |
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raven7886
Legendary
Offline
Activity: 1512
Merit: 1041
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December 25, 2016, 07:30:58 PM |
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We should know that to increase its value our money should be out of our pocket and circulate in the economy
like in real economy
If people start holding their bitcoin the price will go up , but that doesn’t mean that it will stay going up instead at some point the price will go down and this is mainly due to the reason that there will demand on bitcoin and if the price goes really high they will lose that demand and that is why there bitcoin community is divided between spenders and the one that saves it. |
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Harlot
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December 25, 2016, 07:43:55 PM |
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We should know that to increase its value our money should be out of our pocket and circulate in the economy
like in real economy
If people start holding their bitcoin the price will go up , but that doesn’t mean that it will stay going up instead at some point the price will go down and this is mainly due to the reason that there will demand on bitcoin and if the price goes really high they will lose that demand and that is why there bitcoin community is divided between spenders and the one that saves it. It does not matter if you spend or hold your Bitcoin ( It does not affect the price of it). What matters is the the demand and supply of it. We all know that Bitcoin is limited to only 21,000,000. It's only a matter of time that all of it will be mined out and many people will hoard it up for its price to increase. |
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hurain
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December 25, 2016, 10:48:13 PM |
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We should know that to increase its value our money should be out of our pocket and circulate in the economy
like in real economy
If people start holding their bitcoin the price will go up , but that doesn’t mean that it will stay going up instead at some point the price will go down and this is mainly due to the reason that there will demand on bitcoin and if the price goes really high they will lose that demand and that is why there bitcoin community is divided between spenders and the one that saves it. It does not matter if you spend or hold your Bitcoin ( It does not affect the price of it). What matters is the the demand and supply of it. We all know that Bitcoin is limited to only 21,000,000. It's only a matter of time that all of it will be mined out and many people will hoard it up for its price to increase. but to me if no one use bitcoin, i will really matter, if they are not using bitcoin for some tie and are holding it, then the demand will increase and supply will decrease and so the price of bitcoin will also increase, and if people stop using it permanently then the supply will increase and there will be negligible number of bitcoin users, so the price of bitcoin really matter. |
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agamasrori
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December 26, 2016, 03:45:09 AM |
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If no one spend bitcoin, it will gives bad impact to bitcoin. Without good circulation, the hoarder will influence bitcoin price easier. I think the important thing is not just circulation but spreading is important too.
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Positid
Sr. Member
Offline
Activity: 378
Merit: 250
BULL RUN until 2030
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December 26, 2016, 04:36:08 AM |
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We should know that to increase its value our money should be out of our pocket and circulate in the economy
like in real economy
If people start holding their bitcoin the price will go up , but that doesn’t mean that it will stay going up instead at some point the price will go down and this is mainly due to the reason that there will demand on bitcoin and if the price goes really high they will lose that demand and that is why there bitcoin community is divided between spenders and the one that saves it. It does not matter if you spend or hold your Bitcoin ( It does not affect the price of it). What matters is the the demand and supply of it. We all know that Bitcoin is limited to only 21,000,000. It's only a matter of time that all of it will be mined out and many people will hoard it up for its price to increase. but to me if no one use bitcoin, i will really matter, if they are not using bitcoin for some tie and are holding it, then the demand will increase and supply will decrease and so the price of bitcoin will also increase, and if people stop using it permanently then the supply will increase and there will be negligible number of bitcoin users, so the price of bitcoin really matter. If no one will use bitcoin that means bitcoin is dead, what is the reason of holding it when no one is using it, probably the value of bitcoin will be lower than the current, and it will slowly loses it's popularity which not what we are hoping to happen. |
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tabas
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December 26, 2016, 08:38:19 AM |
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If no one spend bitcoin, it will gives bad impact to bitcoin. Without good circulation, the hoarder will influence bitcoin price easier. I think the important thing is not just circulation but spreading is important too.
Yes spreading or letting others know that there is a bitcoin existing that help them financially and everything with their transactions. And you said the possible thing that can happen for real. Just think about these days that those individuals or groups that are holding a lot of bitcoins has making big impact to the price of bitcoin, they are going to have more power when no one is spending it. |
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tee-rex
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December 27, 2016, 09:13:54 AM |
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We should know that to increase its value our money should be out of our pocket and circulate in the economy
like in real economy
Though it is important for bitcoin economy that most of the bitcoins should be in circulation but i don't think that just because if some of us hold some of our coins the economy will be affected at all.. because we don't hold hundreds or thousands of bitcoin and nor we can because at the end of the day we will have to use them somewhere.. It is not that bad if we are going to spend some of our bitcoins but for some who are holding thousands of bitcoins they are the ones who still have contribution and knows that spending is a good way to make the price of bitcoin increasing. And if nobody will spend bitcoins for sure those people who are holding a lot will be force to spend it. If these cryptowhales spend their bitcoins buying some luxury things like Tesla cars and then the seller converts the proceeds back to fiat, in my view, it wouldn't be any different if the whales themselves first converted their stash to fiat and then bought what they wanted directly with fiat. There may be some nuances of course, but the bottom line would be mostly the same. |
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Pencila
Newbie
Offline
Activity: 27
Merit: 0
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January 05, 2017, 08:36:22 AM |
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If no one spend bitcoin, it will gives bad impact to bitcoin. Without good circulation, the hoarder will influence bitcoin price easier. I think the important thing is not just circulation but spreading is important too.
Yes spreading or letting others know that there is a bitcoin existing that help them financially and everything with their transactions. And you said the possible thing that can happen for real. Just think about these days that those individuals or groups that are holding a lot of bitcoins has making big impact to the price of bitcoin, they are going to have more power when no one is spending it. Spending the bitcoin and the retailers can keep the bitcoin for some time, that will ease the pressure to sell in exchanges. |
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