|
Zionatin
|
 |
October 26, 2016, 04:42:12 PM |
|
Well the only time that will only happen is when its value goes to 0. I can't see a world currently we live in which will no one spend bitcoin, Because Bitcoin is related to the internet where there is internet there will also be Bitcoin. Look at how online shops now they also accept bitcoin and there are gambling sites in which the currency they use are Bitcoin.
I agree with that. If there is nobody spending the bitcoin, it is useless. It can be regarded as waste paper and useless. |
|
|
|
|
|
|
|
|
|
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
yayayo
Legendary
 Offline
Activity: 1806
Merit: 1024
|
|
October 26, 2016, 05:23:16 PM |
|
If everyone keeps their bitcoin on hold then there will be no ups and downs in bitcoin market and it's price will drop from stable stage to bottom line. By such activity miner will also quit mining and there would be no more bitcoin mining system and it's quantity will become fixed at some million quantity. And all bitcoin accepting site will also remove the payment api and lot more chances to happen.
Wrong. If really no one spends their Bitcoin, it's price in fiat valuation can't drop to zero ("bottom line"). Instead it's market price will be frozen at the valuation the last time it was bought/sold. In fact the bids to buy Bitcoin may also increase significantly, because there's not sufficient supply to satisfy demand.  Ok, I was a bit joking here. Of course, if really nobody spends their Bitcoin it would be bad, because the currency would be in lockup state and have no utility. However such a scenario is entirely unrealistic. Even if Bitcoin would be dying there will likely be a huge selloff / constant decline in economic activity. Every sane individual who expects Bitcoin to fail would try to sell his/her stash before it becomes worthless. ya.ya.yo! |
|
|
|
|
|
.
..1xBit.com Super Six.. | ▄█████████████▄
████████████▀▀▀
█████████████▄
█████████▌▀████
██████████ ▀██
██████████▌ ▀
████████████▄▄
███████████████
███████████████
███████████████
███████████████
███████████████
▀██████████████ | ███████████████
█████████████▀
█████▀▀
███▀ ▄███ ▄
██▄▄████▌ ▄█
████████
████████▌
█████████ ▐█
██████████ ▐█
███████▀▀ ▄██
███▀ ▄▄▄█████
███ ▄██████████
███████████████ | ███████████████
███████████████
███████████████
███████████████
███████████████
███████████▀▀▀█
██████████
███████████▄▄▄█
███████████████
███████████████
███████████████
███████████████
███████████████ | ▄█████
▄██████
▄███████
▄████████
▄█████████
▄██████████
▄███████████
▄████████████
▄█████████████
▄██████████████
▀▀███████████
▀▀███████
▀▀██▀ | ▄▄██▌
▄▄███████
█████████▀
▄██▄▄▀▀██▀▀
▄██████ ▄▄▄
███████ ▄█▄ ▄
▀██████ █ ▀█
▀▀▀ ▄ ▀▄▄█▀
▄▄█████▄ ▀▀▀
▀████████
▀█████▀ ████
▀▀▀ █████
█████ | ▄ █▄▄ █ ▄
▀▄██▀▀▀▀▀▀▀▀
▀ ▄▄█████▄█▄▄
▄ ▄███▀ ▀▀ ▀▀▄
▄██▄███▄ ▀▀▀▀▄ ▄▄
▄████████▄▄▄▄▄█▄▄▄██
████████████▀▀ █ ▐█
██████████████▄ ▄▄▀██▄██
▐██████████████ ▄███
████▀████████████▄███▀
▀█▀ ▐█████████████▀
▐████████████▀
▀█████▀▀▀ █▀ | .
Premier League
LaLiga
Serie A | .
Bundesliga
Ligue 1
Primeira Liga | | .
..TAKE PART.. |
|
|
|
|
croutonhexagon
|
|
October 26, 2016, 06:34:35 PM |
|
When there will be no one to sell bitcoin then we will have bitcoin will high rate because demand will be more compared to selling unit so price will go up and when it will happen then bitcoin holder will give up and sell their bitcoin so bitcoin is back to circulation again.
|
|
|
|
|
Jamada
Newbie
Offline
Activity: 27
Merit: 0
|
|
October 27, 2016, 05:20:32 PM |
|
When there will be no one to sell bitcoin then we will have bitcoin will high rate because demand will be more compared to selling unit so price will go up and when it will happen then bitcoin holder will give up and sell their bitcoin so bitcoin is back to circulation again.
When there is nobody selling the bitcoin, it will be worthless. The value of the bitcoin lies in the sell/transaction. |
|
|
|
|
|
Victorycoin
|
|
October 27, 2016, 08:07:05 PM |
|
USA and bitcoin are very different soo dont compare them as makes no sense. If bitcoin wouldnt be spent bitcoin value would be 0, even worthing 600 dollars if you arent doing nothing with them or wont do they are the same has nothing, soo this would kill bitcoin as miners wouldnt be able to profit as they couldnt sell their coins leaving a security problem at bitcoin and the death of it maybe.
No doubt a situation where even 1 btc won't be spent would never arise, because bitcoin is fast becoming an integral part of people's daily activities - so that at any point in time, someone. somewhere is sure to have a need to spend some bitcoin. In the even that so much more people decides to hold their coins, that can only sky rocket the price of bitcoin as is usually the case whenever a valuable asset becomes scares. |
|
|
|
|
|
CyberKuro
|
|
October 27, 2016, 09:50:26 PM |
|
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.
The price then will increase and that is when the people are going to sell there Bitcoin because then they can make the most money. People need to spend there Bitcoin so that is goes around and keep thins running. I agree, if somehow no one spend bitcoin for a while I think the price will increase instead of go down, because the demands of bitcoin are highly increase in the market. High demands and few supply will pumps the value of bitcoin for sure, simply economy rules. |
|
|
|
|
|
genos
|
|
October 28, 2016, 06:02:05 AM |
|
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.
The price then will increase and that is when the people are going to sell there Bitcoin because then they can make the most money. People need to spend there Bitcoin so that is goes around and keep thins running. I agree, if somehow no one spend bitcoin for a while I think the price will increase instead of go down, because the demands of bitcoin are highly increase in the market. High demands and few supply will pumps the value of bitcoin for sure, simply economy rules. Yeah I agree that big proportion of peopledon't use it the price of bitcoun will increase becouse the people who want to buy is high but the amount of bitcoin is the same. That is the good thing of bitcoin. I think if most of people here hold ther bitcoin is fine becouse they still have to sell it to get profit. |
|
|
|
sambaevida
Newbie
Offline
Activity: 45
Merit: 0
|
|
October 28, 2016, 08:43:28 AM |
|
If no one spent btc there would be a stalemate for some time and then prices would decrease seriously
|
|
|
|
|
|
saiha
|
|
October 28, 2016, 09:50:32 AM |
|
If no one spent btc there would be a stalemate for some time and then prices would decrease seriously
For sure it will, since all bitcoins are being hoard and there is no more interest of people to use it and it will become worthless at all. Because if no one uses bitcoin anymore then no more worth in the value and there might be another crypto to become famous and get used. But I don't think this is going to happen either. |
Vires in Numeris
|
|
|
|
Victorycoin
|
|
November 02, 2016, 03:08:35 PM |
|
If no one spent btc there would be a stalemate for some time and then prices would decrease seriously
For sure it will, since all bitcoins are being hoard and there is no more interest of people to use it and it will become worthless at all. Because if no one uses bitcoin anymore then no more worth in the value and there might be another crypto to become famous and get used. But I don't think this is going to happen either. I can't tell what is informing the idea that people would lose interest in bitcoin and consequently, it would become worthless! All that really makes no sense, because the likelihood of such situation seeing the light of the day is very very slim. Simple Economics, simply dictates that, whenever anything - a car, food,asset, even water, etc, just about anything that is worth something becomes scarce and for whatever reason, the price of that thing have no option than to rise. That is exactly what lies ahead of bitcoin. It is limited in supply by nature, it has some enviable value attached to it and so whensoever it becomes scarce, those who have some piece of it should be ready to smile to their banks. |
|
|
|
|
|
iamTom123
|
|
November 02, 2016, 04:21:32 PM |
|
The idea of what will happen happen if no one spends their Bitcoin can be preposterous because it will never happen as Bitcoin is designed like a currency albeit on a digital form so since it is a currency it is meant to be used like a regular currency. Otherwise, its value would keep on rising as the demand can be growing yet the supply is limited on the market.
|
|
|
|
|
|
tee-rex
|
|
November 02, 2016, 05:42:54 PM |
|
I can't tell what is informing the idea that people would lose interest in bitcoin and consequently, it would become worthless! All that really makes no sense, because the likelihood of such situation seeing the light of the day is very very slim. Simple Economics, simply dictates that, whenever anything - a car, food,asset, even water, etc, just about anything that is worth something becomes scarce and for whatever reason, the price of that thing have no option than to rise. That is exactly what lies ahead of bitcoin. It is limited in supply by nature, it has some enviable value attached to it and so whensoever it becomes scarce, those who have some piece of it should be ready to smile to their banks.
It might not work the way you think it will. If some shit is scarce, that alone doesn't make it valuable. In the first place it should have some utility, and only then the scarceness of it will kick in determining its price. For example, air has an absolutely vital utility because we can't live without it, but it is not priced for the simple reason that air is not a limited resource. Bitcoin has utility, in fact, quite a lot of various utilities, but if it loses them in some obscure manner for whatever reason, its scarceness as well as limited supply will be irrelevant. |
|
|
|
|
|
Taki
|
|
November 02, 2016, 05:55:13 PM |
|
demand and supply rule the economy. So if no one spends bitcoin one day it will fail as currency and system. Bitcoin is popular now cause of demand and it's popularity only grows cause bitcoin became good investment instrument. It's the same like if you stop to use money from your wallet. It will be not necessary one day, so salary also will be not necessary. Communism!
|
|
|
|
|
|
krishna1
|
|
November 02, 2016, 06:04:21 PM |
|
if no one spends bitcoin then i think it will start increase the price in rapid speed but i am 100% sure it will be forever safe in the wallet and as we know every bitcoin wallet has the highest level of security
|
|
|
|
|
wahb
|
|
November 02, 2016, 06:35:29 PM |
|
to as the number of bitcoin users is increasing day by day, therefore it is not possible, but suppose it happen and all the people stop using bitcoin the it will turn down and will dead.
|
|
|
|
|
|
johnnyyash
|
|
November 02, 2016, 06:58:40 PM |
|
i think bitcoin will loose its value...and less popularity of it....less trading..
|
|
|
|
|
|
Anemed
|
|
November 02, 2016, 07:29:57 PM |
|
i think bitcoin will loose its value...and less popularity of it....less trading..
Yes. It may. When the currency stays stagnant, its existence gets reduced. When the existence reduces the value also the price would go down to earth. Automatically it may lead for vanity. Hope and wish not to happen so. Lets drive towards its existence. Lets work towards it. |
|
|
|
|
|
Jambolb2
|
|
November 02, 2016, 07:42:44 PM |
|
i think bitcoin will loose its value...and less popularity of it....less trading..
That wont happen at all... because not every single user in bitcoin community are holding all their bitcoins... but a majority is using or spending their bitcoins every month and that does not let this holding thing affect the price of bitcoin from any angle... |
|
|
|
|
|
Victorycoin
|
|
November 03, 2016, 09:44:47 AM |
|
I can't tell what is informing the idea that people would lose interest in bitcoin and consequently, it would become worthless! All that really makes no sense, because the likelihood of such situation seeing the light of the day is very very slim. Simple Economics, simply dictates that, whenever anything - a car, food,asset, even water, etc, just about anything that is worth something becomes scarce and for whatever reason, the price of that thing have no option than to rise. That is exactly what lies ahead of bitcoin. It is limited in supply by nature, it has some enviable value attached to it and so whensoever it becomes scarce, those who have some piece of it should be ready to smile to their banks.
It might not work the way you think it will. If some shit is scarce, that alone doesn't make it valuable. In the first place it should have some utility, and only then the scarceness of it will kick in determining its price. For example, air has an absolutely vital utility because we can't live without it, but it is not priced for the simple reason that air is not a limited resource. Bitcoin has utility, in fact, quite a lot of various utilities, but if it loses them in some obscure manner for whatever reason, its scarceness as well as limited supply will be irrelevant. We are in the same boat, but it was you who misconstrued my post. Whenever anything with some value attached becomes scarce, it price is sure to go up. Bitcoin is endowed with some inalienable values, like its unprecedented low cost of transaction, a true global payment/settlement system, anonymity and above all free from the control of government. With all those qualities, it would take everything and yet people won't be dissuaded from spending or accepting this coin. |
|
|
|
|
|
tee-rex
|
|
November 03, 2016, 12:47:34 PM |
|
It might not work the way you think it will. If some shit is scarce, that alone doesn't make it valuable. In the first place it should have some utility, and only then the scarceness of it will kick in determining its price. For example, air has an absolutely vital utility because we can't live without it, but it is not priced for the simple reason that air is not a limited resource. Bitcoin has utility, in fact, quite a lot of various utilities, but if it loses them in some obscure manner for whatever reason, its scarceness as well as limited supply will be irrelevant.
We are in the same boat, but it was you who misconstrued my post. Whenever anything with some value attached becomes scarce, it price is sure to go up. Bitcoin is endowed with some inalienable values, like its unprecedented low cost of transaction, a true global payment/settlement system, anonymity and above all free from the control of government. With all those qualities, it would take everything and yet people won't be dissuaded from spending or accepting this coin. I was just pointing out that if Bitcoin loses its utility, or some part of it, its limited supply will not help it preserve value. Further, you say about inalienable values of Bitcoin, for example, mention low costs of transactions, but the costs might become prohibitively expensive if Bitcoin price continues to rise. In this manner, the said low cost cannot be a fundamental, or inalienable as you termed it, feature of Bitcoin. |
|
|
|
|
|
