If no one spends bitcoin what might happen?

[tee-rex]

If no one spends bitcoin and they will just keep all their bitcoins then it will be a price changer because there is not supply that will be on the cycle like on the market so the only thing that will happen is buying bitcoins and not selling it, So the stocks or supply will be fewer than before and since no one is spending bitcoin it will make the price higher and higher day after day.

That is right. The value of the bitcoin lies in the circulation. If it is not useful as a currency, the price is low.

And if no one will spend bitcoins and most of us will just hold. I am thinking of two results that are possibly to happen. The first thing will be, bitcoins price will increase for the bitcoins circulating in the economy will be lesser. So if the supply will be lesser the demand will become higher and that will make the price higher. And the other thing is bitcoin will be no value at all for no one spends it.

But since there will be fewer bitcoins in circulation, we would just as well expect the price volatility to hit the sky. Simply because you would need less bitcoins to seriously affect the price. And with yet fewer bitcoins, it will be impossible to trade in any meaningful way because you couldn't know which price would be "authentic" and determined by the supply and demand due to the lack of balance between them.

[danherbias07]

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 also think bitcoin will stuck in one price, and it won't move.It will cause a great hamper on the develop of bitcoin.If people stopped investing on bitcoin then bitcoin won't spreading like now and it will be a boring crypto currency.But I also think that it will never happen, people in all over the world will invest in bitcoin always and help bitcoin to progress more.

It will. This will happen when everything is mined and no one wants to give chance to others to own some. Yes, it will be for a long time that everything will be mined but still it affects the economy.

[Stedsm]

If no one spends bitcoins, then there will be a drop in the number of users and miners both as no transactions will be done which will become a harmful effect on the bitcoin system, and to not let that happen, we need to have it circulated just like we circulate our fiat money.

[frankmb]

If no one spends bitcoins, then there will be a drop in the number of users and miners both as no transactions will be done which will become a harmful effect on the bitcoin system, and to not let that happen, we need to have it circulated just like we circulate our fiat money.

Indeed I think you're right. If there is no spending by anyone what is the use for the currency, this also goes for fiat money.
There will always be needed a supply and demand to give it any value. I don't see why some here think the price stabilizes.

We have a saying in Dutch: Geld moet rollen, translated: Money has to roll.

[M@rvel]

Without spending bitcoin? I can't imagine that. I think it is impossible to live without spending bitcoin

[tabas]

If no one spends bitcoin and they will just keep all their bitcoins then it will be a price changer because there is not supply that will be on the cycle like on the market so the only thing that will happen is buying bitcoins and not selling it, So the stocks or supply will be fewer than before and since no one is spending bitcoin it will make the price higher and higher day after day.

That is right. The value of the bitcoin lies in the circulation. If it is not useful as a currency, the price is low.

And if no one will spend bitcoins and most of us will just hold. I am thinking of two results that are possibly to happen. The first thing will be, bitcoins price will increase for the bitcoins circulating in the economy will be lesser. So if the supply will be lesser the demand will become higher and that will make the price higher. And the other thing is bitcoin will be no value at all for no one spends it.

But since there will be fewer bitcoins in circulation, we would just as well expect the price volatility to hit the sky. Simply because you would need less bitcoins to seriously affect the price. And with yet fewer bitcoins, it will be impossible to trade in any meaningful way because you couldn't know which price would be "authentic" and determined by the supply and demand due to the lack of balance between them.

There's no need for authenticity if it is already impossible to trade. But if the bitcoins circulating in the market is fewer. Still we can able to do tradings and once the effect of no one spends their bitcoin is being seen by many people. Then that will encourage them to sell bitcoins and the market will be just the same and will be balance again.

[crwth]

It is just like what can happen if it's in the real world, the economy won't grow. It's like having a piggy bank with lots of pennies and coins, any loose change that you have to collect. When that happens to bitcoins (no one spending bitcoin) It would create an artificial shortage of bitcoins that can stop the growth of bitcoin economy. So for every person that has bitcoins and not spending it, around half bitcoin person will really have a great effect on the economy. And if that happens, I think ALT coins would be an alternative if that happens, and bitcoin would be phased out if it happens. We know it wouldn't.

[Cereberus]

If no one spends bitcoin....  you say ? I think to see such thing we have to wait quite a bit. I am not worried a bit about people not spending bitcoins as this will never happen I am sure.

My argument is just have a look at how many bitcoin transactions are happening every second in block explorer websites, like blockchain.info for example. If you have  a look there you will see that it is impossible that all the people stop spending bitcoins. Nothing to worry for quite some years at least I would say.

[mrkevio]

bitcoin price will go high,

I think it's exactly the opposite. Bitcoin needs to have a lot of transactions to have the price go up. If spends it, it's a sign that nobody wants it anymore or it would look like everybody had suddenly forgotten about it. There are a lot of people just like me who are saving up as much as we can, but I want to do this until 2018. Yes, I know there are 12 months left but I want to do it because I feel like the price will skyrocket until then.

[kiklo]

bitcoin price will go high,

DING DING DING,

You SIR are the Winner, that is exactly what will happen and is happening.

If people were spending BTC, the Vendors immediately convert to their native FIAT,
this causes a downward price pressure, Price is going up because very few are using it to buy anything.
Low mass adoption makes it easier to manipulate the price higher.


 

[shamzblueworld]

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.

That's quite the opposite of what it should be isn't it? The price should increase with its usage, not the other way around. How can it increase if most people stop using it?

[Fireblade]

If no one spends bitcoins, then there will be a drop in the number of users and miners both as no transactions will be done which will become a harmful effect on the bitcoin system, and to not let that happen, we need to have it circulated just like we circulate our fiat money.

depending on situation, if people stop using bitcoin permanently then the price is going to drop but if people are holding bitcoin and not going for sell just for the purpose that the price should raise then the prices are going to sky rocket, as the supply will decrease and demand will increase, very honestly the number of bitcoin users is increasing on regular so we can expect bitcoin more stronger than its previous position.

[shinratensei_]

bitcoin price will go high,

DING DING DING,

You SIR are the Winner, that is exactly what will happen and is happening.

If people were spending BTC, the Vendors immediately convert to their native FIAT,
this causes a downward price pressure, Price is going up because very few are using it to buy anything.
Low mass adoption makes it easier to manipulate the price higher.


 

Why? It means no one will use and can't attract the person for use them again while the people was leaving them and it can get growth on their price?

In my ratio, even a goods have got left by people it means if that won't mean anything.
And which the pressure will down .
 

[Caladonian]

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.

That's quite the opposite of what it should be isn't it? The price should increase with its usage, not the other way around. How can it increase if most people stop using it?

much better to make it in a natural ways as currency even we keep it and price shows value its just a simple dumped coming to a bagholders and price will fall down unlike if keep using it and adoption happen it will grow its value same way with other currency.

[piececake24]

it means btc will fall

[danherbias07]

If no one spends bitcoin....  you say ? I think to see such thing we have to wait quite a bit. I am not worried a bit about people not spending bitcoins as this will never happen I am sure.

My argument is just have a look at how many bitcoin transactions are happening every second in block explorer websites, like blockchain.info for example. If you have  a look there you will see that it is impossible that all the people stop spending bitcoins. Nothing to worry for quite some years at least I would say.

Those are transactions right? Like sending bitcoin to another user? Is that also conaidered as spending? Just asking. Dont know much about that.

[Blavatsky]

what is exactly spending?

you mean buy things with BTC or transfering BTC to others?

[raja3sumi]

It will never happen that the price of bitcoins would be standstill .its price will go up and down .till it s existence .and there will be a huge proportion of people who will always spend bitcoins and use bitcoins on the daily basis .so dont worry .there will be no people who will be selfish in spending bitcoins ..kudoos

[Selly Arumsari]

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

no spend for what ? The main function of bitcoin is for payment
so if bitcoin is used so will spend

[lionheart78]

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

no spend for what ? The main function of bitcoin is for payment
so if bitcoin is used so will spend

it was the op's argument of what will happen if people does not spend / use  bitcoin  , so those who comment simply say what would happen. I think sometime we need to back read or at least read the OP first post in order to relate in the discussion.  

And I agree that if bitcoin is not spent/ traded/ used/ no change of hand at all.  It will  have a temporary spike due to the demand and no supply, and demand gets tired and look for new venture or trades. If this happen bitcoin demand will diminish and bitcoin price will slowly decline until it become worthless.