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Author Topic: If no one spends bitcoin what might happen?  (Read 52567 times)
hawkins
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October 13, 2016, 09:52:10 PM
 #341

I began to think that bitcoin prices may be stable or slowly descend. if there is no deal at all, then it's no use bitcoin, and bitcoin it may cause the price to be stable, does not rise and fall in a long time, before bitcoin prices actually fell. but, I think it will not happen, because it would always be used bitcoin
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madwica
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October 14, 2016, 02:50:04 AM
 #342

I began to think that bitcoin prices may be stable or slowly descend. if there is no deal at all, then it's no use bitcoin, and bitcoin it may cause the price to be stable, does not rise and fall in a long time, before bitcoin prices actually fell. but, I think it will not happen, because it would always be used bitcoin
IF more users stop spending their bitcoin i think bitcoin price will goes down because of the low of demand. Spending bitcoin can help the bitcoin more stronger because it will be the basis of the market that bitcoin has more users and the demand will always increasing.
springgers
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October 14, 2016, 04:17:21 AM
 #343

I began to think that bitcoin prices may be stable or slowly descend. if there is no deal at all, then it's no use bitcoin, and bitcoin it may cause the price to be stable, does not rise and fall in a long time, before bitcoin prices actually fell. but, I think it will not happen, because it would always be used bitcoin
IF more users stop spending their bitcoin i think bitcoin price will goes down because of the low of demand. Spending bitcoin can help the bitcoin more stronger because it will be the basis of the market that bitcoin has more users and the demand will always increasing.

Wrong, why stop speding will lower the demand? It will be impossible to buy since none will sell...
It's like any other thing... Bitcoin will frozen or break...
AicecreaME
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October 14, 2016, 04:57:57 AM
 #344

The worst case scenario that can happen is bitcoin will going to die since nobody is using it. It will be just there hanging on nothing and it will not go on it's cycle anymore that's why it might disappear when that happens. But let's hope that this thing will never happen because it is really a not good idea that bitcoin will be not going to use by everyone here. It is really impossible, bitcoin is really popular for that kind of thing to happen.
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October 14, 2016, 08:21:24 AM
 #345

I began to think that bitcoin prices may be stable or slowly descend. if there is no deal at all, then it's no use bitcoin, and bitcoin it may cause the price to be stable, does not rise and fall in a long time, before bitcoin prices actually fell. but, I think it will not happen, because it would always be used bitcoin
IF more users stop spending their bitcoin i think bitcoin price will goes down because of the low of demand. Spending bitcoin can help the bitcoin more stronger because it will be the basis of the market that bitcoin has more users and the demand will always increasing.

Wrong, why stop speding will lower the demand? It will be impossible to buy since none will sell...
It's like any other thing... Bitcoin will frozen or break...
Whether people are spending Bitcoin or not does not have anything to do with whether people would sell or buy Bitcoin.
There might be less Bitcoin for sale, but it's aso possible that Bitcoin would become just a means of investment, which would drive prices up.

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October 14, 2016, 08:28:25 AM
 #346

People aren't really spending their coins that much already. It's either them using it solely for investment purposes, or they gamble with it. People actually spending their coins as in purchasing things, are a far minority.
kidoseagle0312
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October 14, 2016, 12:42:09 PM
 #347

Share your ideas here.   Grin

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.

Quote
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 there is a tendency that the price of bitcoin will goes down, but even if happen for sure there will be more buyers of bitcoin will appear.
Moreover, I don't think that the member of this forum or in bitcoin world will stop spending bitcoin. I really don't think so it will happen!
Noctis Connor
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October 14, 2016, 01:37:38 PM
 #348

I think every people will spend money everyday. Purpose people to join cryptocoin is to get more money for them life. But when some people more likely to save their money its wouldn't effect to market.
Bitcoin will be more expensive if bitcoin will be not spending on everyday but the purpose of people that they using cyrptocurrencies and because they want to earn money and for them to life and living with bitcoin they can really make money and this is impossible that every stop spending.
lucki777
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October 14, 2016, 01:55:25 PM
 #349

i think there are two conditions for that, the first is that if people are holding bitcoin and not ready to spend it for the price increase then the price of bitcoin will increase so high no doubt about that, and the second  is that if people reject to use bitocin then the price will fell down to a very very low level and that will be then alarming situation.
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October 15, 2016, 11:20:12 AM
 #350

I don't think people are going to completely stop using BTC at all, because it's impossible IMO for such a group of people to make the same choice regarding spending unless there is some big issue related to bitcoin in general.
Daniel91
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October 15, 2016, 11:35:54 AM
 #351

Bitcoin value depends on supply and demand.
If a greater demand value will rise and vice versa, lower demand and value will go down.
At the moment, a lot people have Bitcoin funds in their wallets and it's not realistic that they will give up from their Bitcoins.
Even if value of Bitcoin will go down a lot, still it will be possible to buy something for any amount of BTC or trade in the market.
So, always somebody will need Bitcoin, don't worry about it.


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October 15, 2016, 11:39:18 AM
 #352

I don't think people are going to completely stop using BTC at all, because it's impossible IMO for such a group of people to make the same choice regarding spending unless there is some big issue related to bitcoin in general.

People will stop spending them only if price falls to extreme level and in that case they will prefer to hold them and wait for the price rise and if it falls there will be many who will prefer to buy them.

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DrGuns4Hands
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October 15, 2016, 11:42:46 AM
 #353

Economically speaking, if no one spends bitcoin then it will go down. Just like the currency in one country. it depends on supply and market.
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October 15, 2016, 12:08:33 PM
 #354

Economically speaking, if no one spends bitcoin then it will go down. Just like the currency in one country. it depends on supply and market.

Yes if everyone stops using it then it will have a very bad effect on its price and it can go down extremely and it may not rise after that and that will make bitcoin a weaker currency.
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October 15, 2016, 02:06:52 PM
 #355

If that happens then it's definitely going to be negative for bitcoin and the overall market and value would fall, HOWEVER I don't think that would happen because even with intention it would be impossible to stop people from using something worldwide.
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October 15, 2016, 02:13:54 PM
 #356

Share your ideas here.   Grin

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.

Quote
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


You dont seem to understand how the fiat economy and money system is set up,  it constantly requires people to borrow money and spend it for the economy to expand, it is a very dangerous system that keeps the rich rich and the poor poor. 

Bitcoin is a completely different system which is why it has been so successful and will become more so as the economy goes pear shaped again.
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October 16, 2016, 08:04:58 AM
 #357

if no one spends bitcoin it's useless as a currency

luckily that's not the case, so we're fine.
CoinBreader
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October 16, 2016, 08:22:54 AM
 #358

Share your ideas here.   Grin

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.

Quote
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


well the right definition for that question should be , what if no one sell btc what it would happen.. Wink
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October 16, 2016, 08:27:32 AM
 #359

If no one spends their bitcoin then I think price will never go higher in future and it will saturate the markets but I don't think that will happen as we know that people are actively spending their coins in gambling and trading.
ajun96
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October 16, 2016, 08:44:12 AM
 #360

I began to think that bitcoin prices may be stable or slowly descend. if there is no deal at all, then it's no use bitcoin, and bitcoin it may cause the price to be stable, does not rise and fall in a long time, before bitcoin prices actually fell. but, I think it will not happen, because it would always be used bitcoin
I think if it happens naturally occurring not only stable prices but prices will tend to fall, I'm not sure that there are still users when no transactions in bitcoin, surely everyone will leave bitcoin before it happens ?
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