If no one spends bitcoin what might happen?

[groll]

This is an impossible thing to happen. The moment bitcoin becomes a currency that is the time that it started to become dynamic and constantly moving through constant bitcoin transactions.

If in case there will be no movement it implies that bitcoin had stopped as a currency and no ones gonna make some transaction.

[takingthis4]

well that would be a tragic thing then in my opinion because the price of the bitcoin would really go down as a lot of people woould be just selling it

[fkvidar]

This is an impossible thing to happen. The moment bitcoin becomes a currency that is the time that it started to become dynamic and constantly moving through constant bitcoin transactions.

If in case there will be no movement it implies that bitcoin had stopped as a currency and no ones gonna make some transaction.

And if there is no price movement then then will be no profits too, and if people are not able to make profits then they will surely stop using it.

[serjent05]

this can never happen because the first thing that defines bitcoin is being a currency then it is an investment. granted people are using bitcoin more as an investment rather than a currency but if it weren't a currency the value couldn't be this high.

besides there is no reason why people not wanting to spend bitcoin, because bitcoin is so good as a currency.

The author is just citing a scenario if no one spends bitcoin, what is the possible effect, impossible or not is out of the context. 

At the question, I think at first if no one will sell bitcoin, the appreciation value of bitcoin will increase until such time interest of people buying bitcoin faded.  When this scenario happen, buy support will be  taken off the exchange resulting in dramatical fall in price.  Investors always want their goods on the move, idleness means no profit for them.  So it is possible that bitcoin will be worthless once no one spend it. Or no change in hand occur.

[danherbias07]

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.

yeah. I fail to see why those people keep their money while they have daily needs to fullfil. it's just like bitcoin. some people maybe collecting bitcoin to fullfil their needs. even if they wait to collect many bitcoins, they will still sell them IMO, even bitcoin would be accepted at all.

so if most of people don't spend their coins, I think the price will be high because no demands. cmiiw.

That is new. Everyone says demands will be the one key to make bitcoin price higher. So could you please enlighten us with this kind of thinking?

[U2]

There's no way "No one" would spend their bitcoins. At some point you'll need to transfer them to another wallet, spend them or break up your bitcoins in some way. All of these involve a fee to the miners so essentially they're the same.

[BicolIsarog]

Just always remember the Law of Supply & Demand , when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item decreases.

[danherbias07]

Just always remember the Law of Supply & Demand , when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item decreases.

There is a law like that? Well then thank you for that. I am still looking for some answers with what could happen and I think you hit the spot.

[madwica]

Just always remember the Law of Supply & Demand , when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item decreases.

There is a law like that? Well then thank you for that. I am still looking for some answers with what could happen and I think you hit the spot.

I think all people are know about the law of supply and demand, if no one spend bitcoin i think the demand going to high but the supply is decreasing because not all mining farm is fast to mine bitcoin then it is good for the user who hoard a lot of bitcoin because the value is going to high if that will happen.

[carlfebz2]

Just always remember the Law of Supply & Demand , when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item decreases.

There is a law like that? Well then thank you for that. I am still looking for some answers with what could happen and I think you hit the spot.

I think all people are know about the law of supply and demand, if no one spend bitcoin i think the demand going to high but the supply is decreasing because not all mining farm is fast to mine bitcoin then it is good for the user who hoard a lot of bitcoin because the value is going to high if that will happen.

Yes its all about the supply and demand law. If no ones uses or spending bitcoin in future the price of bitcoin would gradually increase since the demand is there and the supply decreases since others also said that miners isnt fast enough to cope up the demand thats why the  supply  is scarce and that thing would rose the price of bitcoin.

[Sorrowfox]

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 will spend bitcoins, there will be no demand and as the law of economic says, the greater the demand over supply will lead to price increase. If there will be no one who will spend the bitcoins it means no one will buy bitcoins and if there will be a lot of people selling the bitcoins, for sure it will lead to a price drop.

[dihari]

the price will be stuck, but i think the stable price happen.
it will be a trouble if everyone start to sell and no one buy it.

[groll]

This is an impossible thing to happen. The moment bitcoin becomes a currency that is the time that it started to become dynamic and constantly moving through constant bitcoin transactions.

If in case there will be no movement it implies that bitcoin had stopped as a currency and no ones gonna make some transaction.

And if there is no price movement then then will be no profits too, and if people are not able to make profits then they will surely stop using it.

Yes any cryptocurrency with no value at all are going to stay as a digital number only or a digital hash. Since the only thing that gives value or life to a certain coins are the corresponding market value or price. Without the price it just simply imply that bitcoin is just for display and cannot be considered a currency since it has no buying power.

[overthetop2011]

There are always ppl who spending btc ,maybe we just don't see that happening, and I believe that would become more and more popular.

One big use case of btc is for the IPOs/ ICOs , that is really a better solution than Fiats. 

 

[goinmerry]

the price will be stuck, but i think the stable price happen.
it will be a trouble if everyone start to sell and no one buy it.

Yeah that will create chaos for there are a lot of bitcoins in stock and no more demands. I cant imagine that happening it will loss a lot of supporters.

[Achargeturry78]

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

yes, definitely your right. because if no one uses bitcoin, maybe the price will drop and maybe our bitcoins will never gonna payed back or no one would ever like to trade for a money or what you need. if the supply is low,the price will high. when the supply is high, definitely, the price is low. everyones gonna quit and no more bitcoins.

[Dudeperfect]

Well, I am not an expert but I would answer using my li’l bit knowledge about it. A basic required thing for growth of any currency is in the circulation. When A spends a X currency, B receives it. When B re spends it the C receives it, but now again A wants to buy something using X currency so he pays C in some other ways to own X currency (A’s contribution might be more than the value of currency X) so the additional value gained by C with his X currency is called profit of C and growth of currency, now this cycle continues and currency keeps growing. If someone having currency will stop spending it, no one will be able to use it and then no one would demand it and eventually price of that currency will fall down.

[extrabyte]

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 don't think that the price will be the same at that time, if nobody spends bitcoin then means that people are just mining and not spending their earnings which means that if there are more people that are interested to buy bitcoin and nobody is spending/selling them then the price probably will be increased, but if this period is supposed to be very long then the people's interest on bitcoin will be dropped and the price will fall down too.

[beerlover]

Just always remember the Law of Supply & Demand , when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item decreases.

There is a law like that? Well then thank you for that. I am still looking for some answers with what could happen and I think you hit the spot.

I think all people are know about the law of supply and demand, if no one spend bitcoin i think the demand going to high but the supply is decreasing because not all mining farm is fast to mine bitcoin then it is good for the user who hoard a lot of bitcoin because the value is going to high if that will happen.

Yes its all about the supply and demand law. If no ones uses or spending bitcoin in future the price of bitcoin would gradually increase since the demand is there and the supply decreases since others also said that miners isnt fast enough to cope up the demand thats why the  supply  is scarce and that thing would rose the price of bitcoin.

That's not always true though. If no one actually spends bitcoin, it may lose its value since it is not being used anymore. That's one thing people often forget about. Not spending is virtually equivalent to "not for good to use any more". That must be a situation any system should not face.

[danherbias07]

Just always remember the Law of Supply & Demand , when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item decreases.

There is a law like that? Well then thank you for that. I am still looking for some answers with what could happen and I think you hit the spot.

I think all people are know about the law of supply and demand, if no one spend bitcoin i think the demand going to high but the supply is decreasing because not all mining farm is fast to mine bitcoin then it is good for the user who hoard a lot of bitcoin because the value is going to high if that will happen.

Not all people know that. I have just read it and saw that it is about economics and investments law. I am not into those kind of things until now. I am sorry and thank you for informing me.

Edit: Oh and its not actually a law. It is more like a theory.