If no one spends bitcoin what might happen?

[fortunecrypto]

I don't see it going down if anyone will not spend their bitcoin but I doubt if their will be no transaction for at least one day,many gambling sites are using bitcoin so are the hyip's and many people are very much hooked on gambling and hyip..

[DashTron]

If noone spends a coin, what would it be good for then?
And who would want to have something that nobody uses?
That would draw the price of bitcoin to zero.

[randy8777]

right now already there is a very small percentage of people who are actually spending their coins. and the price keeps going up. that's regarding people spending their coins in online stores. when it comes to gambling, bitcoin gets a much better and wide spread adoption as far as spending coins goes. i think at least 50% of all current transactions are gambling related. one way or the other, coins do get spent.

[btcdevil]

The price will go down if their is no spending, but that is not possible as most of them are using bitcoin for online gambling and adult sites, so this option will not be their whether price is going down or up.

[Maesters1-]

The price will go down if their is no spending, but that is not possible as most of them are using bitcoin for online gambling and adult sites, so this option will not be their whether price is going down or up.

no i am not agree with you. i think you have taken it wrongly. i think the price of bitcoin will increase if no one is going to use bitcoin. because it will mean that they holding it for the price increase. and there will be shortage of bitcoin and every one will be ready to buy it any any cost.

[trickshot22]

The price will go down if their is no spending, but that is not possible as most of them are using bitcoin for online gambling and adult sites, so this option will not be their whether price is going down or up.

if no one will spend or sell their coins the price will be pumped up and not go down because people would buy coins and push the price up i think, though thats just my guess

[socks435]

If no one spends bitcoin and no one buy it but many people are mining it expect for price decreases gradually because the supply is increasing daily..
And more supply will come..
The price of bitcoin is always depends in demand and supply.. if bitcoin is in demand expect for price of bitcoin to increase high..

[Chuzzlewit]

If no one spends bitcoin and no one buy it but many people are mining it expect for price decreases gradually because the supply is increasing daily..
And more supply will come..
The price of bitcoin is always depends in demand and supply.. if bitcoin is in demand expect for price of bitcoin to increase high..

But the demand is not set only by people using/spending Bitcoin, it is also set by people wanting to hold Bitcoin.
So even if no one spends their coins that does not mean no demand, people will still want to buy and that will reinforce demand.

[White sugar]

If there is no transfer of Bitcoin there will be no price, because the price is defined as the price of something that is bought or sold.

So there would be no markets or exchanges.

Just hodlers hodling something that is beyond zero value, because there is no definition of value for something that isn't even traded

[smho_16]

If there is no transfer of Bitcoin there will be no price, because the price is defined as the price of something that is bought or sold.

So there would be no markets or exchanges.

Just hodlers hodling something that is beyond zero value, because there is no definition of value for something that isn't even traded

This will never happen. I was just browsing with Tor browser the deep web now and a lot of new market places have erupt there and I see many ongoing transactions. They use bitcoin as their main currency which is good for bitcoin and assure us that the problem we have raised in this thread will never really be a problem unless FBI takes down the whole dark net which is not likely.

[Cresciuanto]

If there is no transfer of Bitcoin there will be no price, because the price is defined as the price of something that is bought or sold.

So there would be no markets or exchanges.

Just hodlers hodling something that is beyond zero value, because there is no definition of value for something that isn't even traded

holding and holding and not selling mean that some one has some thing with special value. which one is not welling to sell. on other side the other will desire to buy it at any price. so the demand will increase and the value wil automatically goes up.

[pearnapple]

If no one spends bitcoin and no one buy it but many people are mining it expect for price decreases gradually because the supply is increasing daily..
And more supply will come..
The price of bitcoin is always depends in demand and supply.. if bitcoin is in demand expect for price of bitcoin to increase high..

yeah, the price would most probably be going down because people would just hold and not do anything with their bitcoins, that would be really bad in my opinion

[martinacar]

If no one spends bitcoin and no one buy it but many people are mining it expect for price decreases gradually because the supply is increasing daily..
And more supply will come..
The price of bitcoin is always depends in demand and supply.. if bitcoin is in demand expect for price of bitcoin to increase high..

yeah, the price would most probably be going down because people would just hold and not do anything with their bitcoins, that would be really bad in my opinion

The price of bitcoin will be volatile either way. It's not just transaction from us consumers which are needed.
Just the whales are enough.

[angaper]

I think it would not be necessarily a bad thing for bitcoin, because it would involve that people is really interested in keep btc as a store of value, and this lack of available coins might be reflected on a consistent price increase.

[Doamader]

I think it would not be necessarily a bad thing for bitcoin, because it would involve that people is really interested in keep btc as a store of value, and this lack of available coins might be reflected on a consistent price increase.

The total coins into circulation are just few, soo we know for sure that even with people making the transactions around bitcoin or not the price will reflect always the interest into bitcoin. Bitcoin is different other currencies were demand and supply works with some news.

[danherbias07]

right now already there is a very small percentage of people who are actually spending their coins. and the price keeps going up. that's regarding people spending their coins in online stores. when it comes to gambling, bitcoin gets a much better and wide spread adoption as far as spending coins goes. i think at least 50% of all current transactions are gambling related. one way or the other, coins do get spent.

I guess the right should be transacting. If no one is transacring anything and just keeping it. We know that everyday there is a large percentage here that keeps on moving their coins from wallet to wallet or payment to some services.

If no one does that what do you think can happen.

[Sniper44]

people spending bitcoin is one of the biggest things that is keeping bitcoin as big as it is right now. because so far bitcoin is two things:
- a currency that you can spend to buy stuff easily and securely.
- an investment that you can make if you are a good speculator to make a lot of money.
so losing one of these aspects will not kill bitcoin but it will hurt it a lot.

[davis196]

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 practically impossible.There always will be people who spend bitcoins.

The more people spend and use a currency,the more expensive that currency is.

Yes,the demand is important part of the  growth of the economy.

[Jimbola3]

If no one spends bitcoin and no one buy it but many people are mining it expect for price decreases gradually because the supply is increasing daily..
And more supply will come..
The price of bitcoin is always depends in demand and supply.. if bitcoin is in demand expect for price of bitcoin to increase high..

yeah, the price would most probably be going down because people would just hold and not do anything with their bitcoins, that would be really bad in my opinion

I also think the price might decrease because if there is no bitcoin trading then the price won't increase. On the other hand if the people buy bitcoins more and more and just keep on holding them then it will be really bad for the market as it will negatively effect bitcoin market ! so we should use / spend bitcoin as much as we need rather holding !

[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

This is practically impossible.There always will be people who spend bitcoins.

The more people spend and use a currency,the more expensive that currency is.

Yes,the demand is important part of the  growth of the economy.

That is why there is an if. Impossible or not we dont know what will happen. Do you know that bitcoin will not move after halving? Many og us expected a big rise but nothing happened. That is what the "if" word is for.