If no one spends bitcoin what might happen?

[--DarkSecrets--]

I don't really think it would be worthless. If less people would use it, the price would go even faster because there would be even a smaller amount to be used, so a smaller available supply. I'm not sure which one drives the price higher though: people having it but not spending it or people spending it more than ever before?

Yes if the Bitcoin transaction not happens means there is no value to use Bitcoin, and if all bitcoin users stop to use bitcoin then the bitcoin may disappear. But it will never happen, in future also don't think like this. Daily countless bitcoins transactions are happening. And a lot of people are earning money from this Bitcoin. 

Yes ,bitcoin price will collapse as the investors are gone .
I don't think also that it might happen it just an speculation .More possibility that comes on my mind is if bitcoins dump in the future. A lot of people earning on bitcoins now ,Yes but the question how long it will take if bitcoin mining stops and end circulating .We cant predict and assure if bitcoins will be always on top . That's why i am thinking some profitable activity and enjoying the advantage of bitcoins now .As much as possible i don't only save bitcoins ,i also save real money .

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[FlightyPouch]

A example might be helpful.
We can think bitcoin is a flying bird
that has a life it can fly up on the sky or can fly on the lower part.

Everyone is happy to see it.
It is very charming.

But when Bitcoin become stable
it is like a sculpture of a bird
 or a bird in a cage
it has no life,
it can not move,
But it is nice to see it..

That's all of btc in a cage.

Maybe the good thing to explain if noone spend bitcoin using your bird is that every user or watcher of these bird will be finding this bird all over the place until there comes a time that we pay someone to give is the bird with really high price.
Well that follows the business things: high demands, high price. An dif these bird is not being seen by many people, it will be considered extinct and people will try to forget it and find another bird with same value. You get it?

[The_Dark_Knight]

It will depend on demand, if no one spends and demand is low, then the price could get down and we may get in a downward spiral, if the demand is high then we may get an upward trend that eventually will subside as more people sell their coins to get profits and met the demand.

[stephanirain]

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

If no one spends bitcoin and many people buy, certainly the value of bitcoin would rise up.

[TheGodFather]

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 bitcoin price will go down if no one will spend their bitcoin earnings. Because of the popularity of bitcoin today, many people are using it as well as requiring it on some companies. And I think this will not happen. And according to statistics online, Bitcoin is one of the biggest cryptocurrency online. So in my opinion, if this will happen, there still some of the people want to earn bitcoin even thou this will go down to 1$ per Bitcoin. No one knows.

[ilovefeetsmell]

If no one spends their bitcoin, what might gonna happen? It damages or destroys the flowing of money or bitcoin. Let us use an example is saving our money into a piggy bank, do you think it helps our economy? No, it isn't! because it blocks the way or flowing of the money. It is the same way of not spending our bitcoin in the bitcoin community. Less spending our bitcoin will become Less demand.

[positivezero]

Well some people will always spend money, if a big proportion of people don't use it, its price will increase until it reaches an equilibrium point.

Yes i would agree to you that people always spends money, either small or big amount. It is our habits to spend here, there, and even everywhere as long as we're happy of what we've done. But i wont agree to you that if no one spends bitcoins, the price might increase and it will reached to equilibrium point, because in my opinion, if no one spends bitcoin and they always keep it, i think the price will fall in the bottom or it will decrease as low as we dont expect

[Kabul]

If no one spends their bitcoin, what might gonna happen? It damages or destroys the flowing of money or bitcoin. Let us use an example is saving our money into a piggy bank, do you think it helps our economy? No, it isn't! because it blocks the way or flowing of the money. It is the same way of not spending our bitcoin in the bitcoin community. Less spending our bitcoin will become Less demand.

I have the opposite thought. If no one spend bitcoin in this moment, people will get crazy because they can not buy Bitcoin anymore and guess what, the prices will increase sharply due to the high demand of Bitcoin. Then, Bitcoin will hit $3000 and even more. People will soon recognize what bitcoin is and start to mine 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

This is a serious a matter if ever this one happen in real. Probably some of the community will jump or shift into another altcoin that has a potential value like bitcoin it may not high the price but big community I think it can be consider alternative profit replacement for bitcoin.

[ranochigo]

Bitcoin will die. Same with any other currency, if there's no one using it, there's no reason for it to exist.

With no one spending Bitcoins, there wouldn't be any transaction volume. With the no one trading on the market, Bitcoins will be worthless.

[abel1337]

Bitcoin will die. Same with any other currency, if there's no one using it, there's no reason for it to exist.

With no one spending Bitcoins, there wouldn't be any transaction volume. With the no one trading on the market, Bitcoins will be worthless.

I agree bitcoin will be worthless if no one will use it and in the same time makinb bitcoin transactions.
Other cryptocurrency might be affected , In sure not all because some of the coins are not in the price of bitcoin . Like TBC (The billion coin) which many of us are knowned is as a ponzi coin. But I give it just as an example.

[The_Dark_Knight]

Actually we must have to consider this fact as logical statement if no one spends bitcoin.

Actually this cannot be happen. Because in market if no one going to sale bitcoin and if demand is increasing then price of bitcoin can reach to sky.
But this will never happen. Because till date bitcoin mining is going on and till 2145 mining will be continued. So till 2145 miner only get rewards for verifying transactions made within network. In no one spend bitcoin no miner will get paid.

At this time the hypothetical scenario you give will not be too much of a trouble since miners depend mostly on the reward from mining new blocks but as time passes and miners become more dependent on fees  that could become a problem.

[Viscoat]

Bitcoin will die. Same with any other currency, if there's no one using it, there's no reason for it to exist.

With no one spending Bitcoins, there wouldn't be any transaction volume. With the no one trading on the market, Bitcoins will be worthless.

I do not think so. The bitcoin will evolve.

[KennyR]

Bitcoin will die. Same with any other currency, if there's no one using it, there's no reason for it to exist.

With no one spending Bitcoins, there wouldn't be any transaction volume. With the no one trading on the market, Bitcoins will be worthless.

Such scenario won't occur. Without Fiat or some form of financial system we cannot have a living in these days. Bitcoin will be used more by the users who feel convenient as well know the truth of better we use better will be its growth.

[1Referee]

Bitcoin will die. Same with any other currency, if there's no one using it, there's no reason for it to exist.

With no one spending Bitcoins, there wouldn't be any transaction volume. With the no one trading on the market, Bitcoins will be worthless.

Bitcoin is more than just a currency tool. Nothing wrong with people just using Bitcoin for investment purposes or as store of value. In that regard, there won't be a time with no transactions unless Bitcoin becomes completely obsolete and people simply move on to something else. That's the exact reason why updates as Segwit and Lightning Network will get (or might get as the situation is still uncertain at this point) implemented. That's the beauty of Bitcoin's open source nature.

[FlightyPouch]

Bitcoin will die. Same with any other currency, if there's no one using it, there's no reason for it to exist.

With no one spending Bitcoins, there wouldn't be any transaction volume. With the no one trading on the market, Bitcoins will be worthless.

I think bitcoin will be really worthless without any users. If there are no demands, then there are low price and and so low users. Wonder what will be the new digital currency that will hit better than bitcoin.

[Ilikechineseefood]

I think that the price of the Bitcoin will stand still or even become less worth. Because no one uses it, it can't grow in worth.
But I personally don't think that this day will come because there are many people that use Bitcoin and this can only happen if the internet gets shut down for days all over the world.

[requester]

simple the system of bitcoin network would collaspe and there will be the ending of bitcoin.fortunately we are not going to face such days. we always hope the best in bitcoin and its progress.

[--DarkSecrets--]

Bitcoin will die. Same with any other currency, if there's no one using it, there's no reason for it to exist.

With no one spending Bitcoins, there wouldn't be any transaction volume. With the no one trading on the market, Bitcoins will be worthless.

I think bitcoin will be really worthless without any users. If there are no demands, then there are low price and and so low users. Wonder what will be the new digital currency that will hit better than bitcoin.

It depends if any digital currency prove its quality as bitcoins .Also the factor that if bitcoins are dump and no one spends how about other crypto's .We know that bitcoin price has a huge effect on cryptocurrencies now and being dump by its continues marking up of bitcoins price ,So technically if bitcoins are dump the crypto's will also be affected in the digital currency it will also dump .Bitcoins can stand alone i only don't know how about other crpto.

[xvids]

If no one would spend bitcoin,
I think it would be worthless or priceless since no one would be using it.