danherbias07 (OP)
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October 21, 2016, 12:55:37 PM |
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If no one spends bitcoins, rate will be stuck in one rate. people would always spend money though a lot of them may hold some
So someone should also sell to make way for other people. Someone should use it and it might be sold by that person or company. It is also for bitcoin economy to let others get a hold of it. |
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Seansky
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October 21, 2016, 01:13:24 PM |
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No one spending bitcoin seems like won't happen that easily. If that thing is to happen, there will be no movements on the coins price and might cause it's downfall since if everyone is gonna cancel their sell order and only buy order will prevail, the investors might not invest in it causing its price to dump easy without anyone selling I think so everyone shall spend since it is a decentralized currency.
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AlexMFV
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October 21, 2016, 01:24:16 PM |
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Maybe you can get charged for those bitcoins who have and pay some fees to continue using them or maybe if Bitcoin happens to dissapear, some one creates a new coin maybe they can convert those bitcoins you have so that you don't have money wasted.  |
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Catmony
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October 21, 2016, 01:57:42 PM |
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If no one spend bitcoin obviously the size of blocks will be really low only including transaction of newly generated coin. But this will not happen for sure and is only hypothetical situation.
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just_Alice
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October 21, 2016, 02:58:41 PM |
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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 hereThen bitcoin will be stable, but useless. If noone spends it - it doesn't grow, or tumble, then noone would want to buy it, because there are no more reasons for investing money in it. |
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tee-rex
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October 21, 2016, 04:27:37 PM |
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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 hereThen bitcoin will be stable, but useless. If noone spends it - it doesn't grow, or tumble, then noone would want to buy it, because there are no more reasons for investing money in it. Is it ever possible to be stable and useless at the same time? Useless means worthless, which means it is not worth anything, and its price is zero. Do you mean stable at 0? If you mean that it neither grows nor tumbles, it would be useless only for traders. On the flip side, such stability would make lives of a lot of merchants a lot easier and could potentially attract a lot of new ones. |
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Bitcoinbro
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October 21, 2016, 05:27:23 PM |
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The thing that could happen is that it will maybe get stable for a while but I do not think this is gonna happen honestly.
If the price rises a lot of people will sell it again and others will buy without any doubts.
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Taki
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October 21, 2016, 05:32:23 PM |
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In the basis economy there is saying that money have to work. Without this all the economy will just stack. I think if we will stop to use bitcoins all together the price for bitcoin will come back to it's beginning.
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romero121
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October 21, 2016, 05:39:24 PM |
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The thing that could happen is that it will maybe get stable for a while but I do not think this is gonna happen honestly.
If the price rises a lot of people will sell it again and others will buy without any doubts.
As quoted price won't get stable. The price of bitcoin starts to decrease gradually, if none spends it. The major reason is that the circulation of bitcoin decreases which needs to be in a increased range or in a stable manner. But such scenarios of continuous decrease due to such situations won't happen. |
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richardsNY
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October 21, 2016, 05:46:20 PM |
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In the basis economy there is saying that money have to work. Without this all the economy will just stack. I think if we will stop to use bitcoins all together the price for bitcoin will come back to it's beginning.
People are barely spending their coins already, so in that aspect not much will happen. The thing is that the majority of the people see Bitcoin purely as an investment tool. They have no incentive to spend their coins as their attitude is; I think the price will go up, so why should I spend my coins? That's how people think. The feeling that they might regret spending their coins as the price might go up after that, is what keeps holding them back. |
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socks435
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Privacy is always important
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October 21, 2016, 05:50:59 PM |
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The thing that could happen is that it will maybe get stable for a while but I do not think this is gonna happen honestly.
If the price rises a lot of people will sell it again and others will buy without any doubts.
As quoted price won't get stable. The price of bitcoin starts to decrease gradually, if none spends it. The major reason is that the circulation of bitcoin decreases which needs to be in a increased range or in a stable manner. But such scenarios of continuous decrease due to such situations won't happen. Bitcoin has no stable price and yeah the price of bitcoin is gradually decreases right now and i think november again that we will see the huge price increase for bitcoin so for now collect more bitcoin is a good thing to do to make a good profit if the price of bitcoin hit 700 value or more.. |
Solving blocks can't be solved without my rigs.
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tee-rex
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October 21, 2016, 05:52:00 PM |
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The thing that could happen is that it will maybe get stable for a while but I do not think this is gonna happen honestly.
If the price rises a lot of people will sell it again and others will buy without any doubts.
As quoted price won't get stable. The price of bitcoin starts to decrease gradually, if none spends it. The major reason is that the circulation of bitcoin decreases which needs to be in a increased range or in a stable manner. But such scenarios of continuous decrease due to such situations won't happen. Methinks, there should be some temporal lag before the price starts to decline in earnest. At first, it might even be rising for some time because no one spending bitcoins would likely mean the supply side contraction. In other words, the demand for bitcoins would initially surpass the supply of them thanks to no one selling bitcoins. But ultimately it would collapse too since buyers would soon lose interest in bitcoins as well. |
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PinkLlama
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October 21, 2016, 05:53:42 PM |
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I assume the price will go up because they will become more rare/valuable?
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Mastsetad
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October 21, 2016, 05:57:25 PM |
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If no one spends bitcoins, rate will be stuck in one rate. people would always spend money though a lot of them may hold some
Not everyone in the community are holding bitcoins, and even if some of them are holding then they are not having all the coins with them, but most of the coins are in circulation and even the coins which are held in wallets would surely come out some day as everyone will have to sell them some time. |
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Barbut
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October 21, 2016, 06:16:49 PM |
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If no one spend bitcoins, all gambling sites, shops, services will stop working, market cap will go down and with that price also.
There is no way that everyone is holding bitcoins, many of us here are spending bitcoons almost every day, I spend it on gambling, or I convert them intoncash, what ever I do it's some sort of action.
Bitcoin is used for many things now, people are trading, buying selling, and this is hard to happen that bitcoin stuck cause people are just saving and not spending.
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Bitcoinsummoner
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October 21, 2016, 06:21:00 PM |
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If no one spends bitcoins, rate will be stuck in one rate. people would always spend money though a lot of them may hold some
Not everyone in the community are holding bitcoins, and even if some of them are holding then they are not having all the coins with them, but most of the coins are in circulation and even the coins which are held in wallets would surely come out some day as everyone will have to sell them some time. If many people are not spending i think it can be still affect the value since we have the miners out there are increasing the amount of bitcoin.. and it is always depends in demand and supply bitcoin will never be stable.. |
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QuestionAuthority
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You lead and I'll watch you walk away.
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October 21, 2016, 06:24:39 PM |
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Hum, what might happen? Have you been to a Blockbuster Video lately? Are you waiting for that new Motorola phone to come out? This thread reminds me, I need to go pick up a new ribbon for my typewriter.  |
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buyinbtc
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October 21, 2016, 06:29:13 PM |
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bitcoins price would fall a bit as people wouldn't buy it anymore to spend, but bitcoin wouldn't die yet, as people would still use bitcoins to trade to other cryptos
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mishra1994u
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October 21, 2016, 06:38:13 PM |
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bitcoins price would fall a bit as people wouldn't buy it anymore to spend, but bitcoin wouldn't die yet, as people would still use bitcoins to trade to other cryptos
i dont think the price will fall but every thing will become really still and bitcoin price stay the same becuase if no one buying it then no one selling it as well,so it will not make any changes in any thing,so the price wont that and it will become constant and it will exist. |
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tee-rex
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October 21, 2016, 06:52:37 PM |
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bitcoins price would fall a bit as people wouldn't buy it anymore to spend, but bitcoin wouldn't die yet, as people would still use bitcoins to trade to other cryptos
i dont think the price will fall but every thing will become really still and bitcoin price stay the same becuase if no one buying it then no one selling it as well,so it will not make any changes in any thing,so the price wont that and it will become constant and it will exist. If you ask me, things won't unfold in the way you portray them. If no one is willing to buy, the competition between sellers will instantly kick in, and the price will start quickly collapsing. If no one is really going to buy any amount at whatever price, the price will eventually collapse as low as only possible to collapse. With Bitcoin, it will be just 1 cent for however many bitcoins, and someone will be asking exactly that at the end of the day. |
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