If no one spends bitcoin what might happen?

[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

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[Barnabe]

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.

[praprata]

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

I think that the price is going to be stable then if no one is going to spend a coin and I hate it when the price is stable because it is boring.
I know that you have to be patient with Bitcoin but sometimes the price can be stable for a long time.

[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

I think that the price is going to be stable then if no one is going to spend a coin and I hate it when the price is stable because it is boring.
I know that you have to be patient with Bitcoin but sometimes the price can be stable for a long time.

I totally agree. I hate refreshing most of the time just to see if it is really not moving. Sometimes I thought my PC is just frozen but when I checked it out it really didn't move. Nothing to do if that shit happens.

[rphk]

If no one spends bitcoin , it will not help in rising the bitcoin price . better is always more and more people should use bitcoin as transaction method , then we can see more popularity for bitcoin and hence there will huge demand also

[jakelyson]

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.

[kryptqnick]

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

I'm not sure about the price but I think it will go down. And yet we have to keep in mind that the price, I guess, will also depend on miners. If noone spends btc but miners mine them, something should happen

[Doms]

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.

It is a finite currency and I think it will still hold value if no one uses it. It would be a store of value, just like gold. If the reason that people are not using bitcoin is because they are holding it, then I think that will drive the price up because many would want to get a hold of something that continuously increase in value.

[mark coins]

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.

[dihari]

The market is still doing it jobs. There are one rule will happen. Order and demand rule.

So if lot of people us saving 70% or more, and peoples in china need to buy bitcoin for 40% or more. The price will be rise up.

[n691309]

If the blocks are not full we can say that people are not using too much bitcoin, what will happen if nobody use bitcoin is the price will fall down because if nobody is interested then they will try to sell them asap, and when nobody is interested to buy the price gets dumped.

[helloeverybody]

I always thought that if nobody sold any bitcoin then price would rise because anyone who is on demand for bitcoin would have to pay more to try and convince people to sell so i suppose as long as the demand is their then price will go up. 

Could also depend,  if people use bitcoin they have had for years and a shop accepts it then cashes out to get fiat then price would go down.

[Labumi]

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.

It was the law of the market, because every item that does not run will end in loss. Yet we know that bitcoin every time there's a spending and that will always be needed by everyone. Because the bitcoin indeed provide aid to those who want to get a better system and favorable

[Gahs]

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.

[20kevin20]

Not spending the money leads the Bitcoin to a big collapse. That would obviously send the price to the 2011-2012's. But this won't happen because it's becoming more and more known by people in this world, and big transactions are taking place each second/minute. More people finding out and using Bitcoin = higher price.

[danherbias07]

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.

We dont want to be repeating that history that made economy of the USA down. That is why other countries got some economy problem also. If people are getting used to just saving it and would just spend money for the necessary ones then it will be a real problem.

[Doamader]

USA and bitcoin are very different soo dont compare them as makes no sense. If bitcoin wouldnt be spent bitcoin value would be 0, even worthing 600 dollars if you arent doing nothing with them or wont do they are the same has nothing, soo this would kill bitcoin as miners wouldnt be able to profit as they couldnt sell their coins leaving a security problem at bitcoin and the death of it maybe.

[European Central Bank]

what proportion of bitcoin is actually spent? i'm gonna guess that it's not very much. using it for shopping and all is cool but i think it's a little bit of a sideshow. most of the action is trading it and speculating.

the bigger question is if no one speculates on bitcoin what might happen?

[eddyubachs]

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.

We dont want to be repeating that history that made economy of the USA down. That is why other countries got some economy problem also. If people are getting used to just saving it and would just spend money for the necessary ones then it will be a real problem.

Yeah to take price of bitcoin to a higher level I think the circulation of bitcoins should be in higher proportion and that is only possible when people will start spending their coins like other fiat currencies.

[20kevin20]

what proportion of bitcoin is actually spent? i'm gonna guess that it's not very much. using it for shopping and all is cool but i think it's a little bit of a sideshow. most of the action is trading it and speculating.

the bigger question is if no one speculates on bitcoin what might happen?

Same thing: the Bitcoin collapse would take place. Just like Gold, Silver and all the others: magnates are taking care of them, so they will rise or fall whenever they want to.