If no one spends bitcoin what might happen?

[romero121]

If none spends bitcoin, the circulation of bitcoin gets decreased. This decrease in circulation reduces the price same as that what is happening now.

[Hellacopter]

If no one spends bitcoin that's will affect Bitcoin itself, and may be the price decrease as result of this behavior. But i think people continue always to spend bitcoins even if there is some holders

[Capradina]

If none spends bitcoin, the circulation of bitcoin gets decreased. This decrease in circulation reduces the price same as that what is happening now.

Yeah, that is certainly true. because all trades or goods, etc. has an economy that's been there since long ago. This is something that will always happen until whenever. However this would not be bad if everyone is still using bitcoin and progressively increasing user bitcoin wordwide. For a while the price of the Bitcoin depending on Halving performed by miners and after mining is exhausted then the results will influence the market price is the

[TheGodFather]

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.

Yes. Other currency will take over bitcoin. That will be bad because maybe if that will happen in the future, maybe bitcoin will be dumped at trading sites.

[danherbias07]

If none spends bitcoin, the circulation of bitcoin gets decreased. This decrease in circulation reduces the price same as that what is happening now.

See. I thought so.
I dont think the "hackers" (created by them or not) will sell it right away after getting it. There will be someone who will be monitoring transactions so they will keep it safe first.
But right now I know no one is selling. I know it because I cant do my loading business also. I say to my customers I have no funds for the meantime.

[goinmerry]

If none spends bitcoin, the circulation of bitcoin gets decreased. This decrease in circulation reduces the price same as that what is happening now.

Yeah, that is certainly true. because all trades or goods, etc. has an economy that's been there since long ago. This is something that will always happen until whenever. However this would not be bad if everyone is still using bitcoin and progressively increasing user bitcoin wordwide. For a while the price of the Bitcoin depending on Halving performed by miners and after mining is exhausted then the results will influence the market price is the

Oh thats sad he didnt finish the sentence. Sure thing there is like an economy also here. Now they have kept all their coins and just adding up some more. That is why it stopped from going down again.

[Windpower]

If no one spends or trades bitcoin the price will drop as there will be no demand but quite a bit of supply. But this does not just go for bitcoin the supply-demand trend is relevant for the property market and also stocks.

[john2231]

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.

Yes. Other currency will take over bitcoin. That will be bad because maybe if that will happen in the future, maybe bitcoin will be dumped at trading sites.

It won't be happen in the future because its already use by many countries and bitcoin is already adopted here in my country
We can use bitcoin to use in malls but it needs to convert to giftcard before we can use in malls in any shops inside the mall...

[angryswamp]

then bitcoin would just not exist i guess

[shinratensei_]

If none spends bitcoin, the circulation of bitcoin gets decreased. This decrease in circulation reduces the price same as that what is happening now.

That's right but there are two possibilities in my minds, if none spends bitcoin, maybe they circulation will decrease. you don't need to forget the bitcoin is become rarely and there are possibilities for bitcoin to getting an increase the price if the demand is an increase but otherwise from that they will decrease if the demand is decreased time to time.

[chaosknight]

If none spends bitcoin, the circulation of bitcoin gets decreased. This decrease in circulation reduces the price same as that what is happening now.

That's right but there are two possibilities in my minds, if none spends bitcoin, maybe they circulation will decrease. you don't need to forget the bitcoin is become rarely and there are possibilities for bitcoin to getting an increase the price if the demand is an increase but otherwise from that they will decrease if the demand is decreased time to time.

Yes if no one will spend bitcoin then it will surely have a great impact on the price of bitcoin, to make bitcoin a stronger currency we need to circulate bitcoin in the market.

[GreenBits]

Two scenarios:

If no one spends bitcoin, and miners refuse to sell/hoard bitcoin, the price will go up. This is supply restriction.

If no one spends bitcoin, and miners dump on exchanges trying to make ROI, the price will go down. Supply has increased and there is less speculative interest, or demand. This is demand restriction.

This is the beauty of bitcoin however; if the price gets too low, miners will stop mining and difficulty will decrease, enticing more miners to join. Inversely, price gets ahead of itself and miners will dump, bringing the price back down to earth.

[danherbias07]

Two scenarios:

If no one spends bitcoin, and miners refuse to sell/hoard bitcoin, the price will go up. This is supply restriction.

If no one spends bitcoin, and miners dump on exchanges trying to make ROI, the price will go down. Supply has increased and there is less speculative interest, or demand. This is demand restriction.

This is the beauty of bitcoin however; if the price gets too low, miners will stop mining and difficulty will decrease, enticing more miners to join. Inversely, price gets ahead of itself and miners will dump, bringing the price back down to earth.

Best answer.
Thank you very much for making it all clear. Now I understand more about the economy of bitcoin.
Ohh.. I am all satisfied now.

[Jeremycoin]

First, by 'spend' do you mean 'send'? Because spending is sending but "sending" is no always "spending"
Well I think it won't happen, because no one will just keep their Bitcoin in one wallet and don't move it anywhere. And if it will actually happen, it won't take a long time because people need to send their Bitcoin.

[boybugs18]

Spending is inevitable because you have to pay what are you using like electricity or your internet at home . But if you are using real money yes it is possible to just save your bitcoin on your wallet but BTC can change its price like what is happening now.

[jak3]

if people stop spending/supplying bitcoins to each other than that will be a nightmaer because first the price will start rising a little but if these fools do not spend it then also so then the price will be crashed because it will create a shortage in network and then it will be 0

[danherbias07]

Spending is inevitable because you have to pay what are you using like electricity or your internet at home . But if you are using real money yes it is possible to just save your bitcoin on your wallet but BTC can change its price like what is happening now.

Does real money means fiat?
I do save some bitcoin but I am more to spending it. Even if the price goes down because I needed it for my necessities.

[Indrawan77]

If no one spend the coin for a long time then bitcoin flow will become stagnant and if yhis happen for a long time bitcoin will become extinct, and if this happen for a short time it will cause bitcoin price become unstable, so in short word in order to keep bitcoin alive it need transaction everyday

[BTC Loading]

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 if people use bitcoin the price may come up and it will favor some people and it will not favor majority of people especially those who are just buying it

[DOGE12321]

I agree with you. In an event of no one spending, any Bitcoin the price would stay stable for a long time. Mining would die off as there are no transactions to verify and the blockchain would freeze. Basically, everything would freeze until everyone begins to spend BTC again.