If no one spends bitcoin what might happen?

[TheUltraElite]

If no one spends bitcoin then the price will keep on increasing, simple

Its not that the number of bitcoin in circulation will stop and the transactions will go into standstill. People try to incite these ideas into other people's minds in order to make them sell their bitcoins. This type of speculation seems to be very stimulative to the panicky traders and end up giving them hypertension and a cardiac arrest

[1714752974]

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[deisik]

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

That effect wouldn't last for long unless the vendors you are talking about were one-shot sellers, that is, sold their goods and then wound up. If they don't wind up and continue to sell their merchandise for bitcoins, people would need to get these bitcoins somewhere. Buying them on an exchange just to buy some goods doesn't seem to make much sense, since they could just as easy (or even easier) buy the same goods with fiat, right? Buyers would spend only those bitcoins that they either mined themselves or earned somewhere. But the latter would mean that someone has paid them for their work. And that could be only goods producers and service providers...

The cycle has got closed

[serjent05]

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

That effect wouldn't last for long unless the vendors you are talking about were one-shot sellers, that is, sold their goods and then wound up. If they don't wind up and continue to sell their merchandise for bitcoins, people would need to get these bitcoins somewhere. Buying them on an exchange just to buy some goods doesn't seem to make much sense, since they could just as easy (or even easier) buy the same goods with fiat, right? Buyers would spend only those bitcoins that they either mined themselves or earned somewhere. But the latter would mean that someone has paid them for their work. And that could be only goods producers and service providers...

The cycle got closed

I agree that if buying with bitcoin is the same rate as buying with fiat money, then i myself would use fiat money, the same reason of why I am going into the trouble of buying bitcoin in an exchange then buy it with the items when I can buy those item with ease using my local currency.
There should be a reason why i have to use bitcoin to buy things again and again.  So here comes the schemes made for people to use bitcoin instead of their local currency. 

[requester]

As price is increasing because of it's demand and in the mean situation if no one spend bitcoin then it's price will go sky up because there will be at least someone to sell bitcoin so  he could earn lot buy selling and those who will hold may be they could earn at later stage.

[Dudeperfect]

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

Exactly, it will create a no demand, no supply stage and bitcoin price will neither rise nor fall. I believe that movement is growth and for the growth of bitcoin, we must keep spending at least 10% to 40% of our bitcoins regularly because it creates movement of bitcoin and hence it helps the bitcoin network to grow.

[deisik]

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.

if more people choose to hold bitcoins for longer without selling them, that will cause the price to rise initially due to supply running dry and more dollars pursuing fewer bitcoins until a new balance is eventually found at a higher price. This may sound good and certainly is in the short term, but in the long term that will only lead to insane levels of volatility. Right now it requires a few super heavy whales to bring the price down somewhat since supply is balanced at significantly higher volume of demand. But on a thin market, even half whales and then quarter whales would be able to easily move the price either way...

The end of story is that there will be a point after which price turns into volatility itself and loses any meaning

[Shenzou]

If people starts to hold their bitcoin than there will become a high demand on it and the price will go up then more people will get greedy and think that they can keep saving it until it gets more higher and the end the price will go down so fast that they will regret it and eventually stop using it 

[delliaerd]

If people starts to hold their bitcoin than there will become a high demand on it and the price will go up then more people will get greedy and think that they can keep saving it until it gets more higher and the end the price will go down so fast that they will regret it and eventually stop using it  

I worried about bitcoin, if some people hold most of bitcoin, bitcoin will get into extreme deflation as cocequence. I agree with you that bitcoin price will move so fast, the hoarder will take more control of bitcoin price. To make fair market, bitcoin spreading and circulation must be good. Stable price with litle bit fluctuation on it will be good for bitcoin future, people will feel safe and enjoy to use bitcoin if the risk is smaller.

[alexsandria]

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

Its value will remain still as people don't use it. Because the rate of bitcoin depends on its users and miners. The same as, if no one uses it, the nothing will happen

[Catlonid]

If people starts to hold their bitcoin than there will become a high demand on it and the price will go up then more people will get greedy and think that they can keep saving it until it gets more higher and the end the price will go down so fast that they will regret it and eventually stop using it

I worried about bitcoin, if some people hold most of bitcoin, bitcoin will get into extreme deflation as cocequence. I agree with you that bitcoin price will move so fast, the hoarder will take more control of bitcoin price. To make fair market, bitcoin spreading and circulation must be good. Stable price with litle bit fluctuation on it will be good for bitcoin future, people will feel safe and enjoy to use bitcoin if the risk is smaller.

I think same with your opinion, I afraid it happens because many people are holding bitcoin. you said bitcoin will deflation, that right and I think this can happen. I hope many people using bitcoin like other currency and still getting some earn with bitcoin. I hope bitcoin is stable and not go down.

[outatime1]

If no transactions take place, then I don't think bitcoin will have a reason to exist. A transaction could be for a purchase or it could be trading, but there's no way to know the breakdown of what the transactions are for.

[arransiv]

It will hapen when Bitcoin dies.

In other words: that will never happen...

About the economy quote of OP, we have a lot of differents ways of money to circle...

[goldcoinminer]

Bitcoin has not value.. What would you ask that kind of question in the first place, I guess we are all spending our bitcoins because we still have our needs though we are holding and consider that as our investment.

[deisik]

If people starts to hold their bitcoin than there will become a high demand on it and the price will go up then more people will get greedy and think that they can keep saving it until it gets more higher and the end the price will go down so fast that they will regret it and eventually stop using it 

I worried about bitcoin, if some people hold most of bitcoin, bitcoin will get into extreme deflation as cocequence. I agree with you that bitcoin price will move so fast, the hoarder will take more control of bitcoin price. To make fair market, bitcoin spreading and circulation must be good. Stable price with litle bit fluctuation on it will be good for bitcoin future, people will feel safe and enjoy to use bitcoin if the risk is smaller.

You are not the only one who is worried about that

And it is not only because of downright holders who are never going to sell their stashes. Essentially the same effect would be produced if Bitcoin user base expands exponentially. If right now whales are those who hold thousands of bitcoins, they will turn into superwhales then, while their place will be taken by those who hold hundreds of bitcoins currently. Personally, I don't know how to get away with this unless the cap on the number of bitcoins mined is lifted

[JANGKRIK BOSS]

I sure this is imposible, unless bitcoin is frozen or banned by all government. Transactions bitcoin is too many and can't stop by anyone. So if no one spends bitcoin it same with no one spend money to anyone.

[canah17]

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

Well it will be ban the bitcoin and they will create something new better than bitcoin i guess but still bitcoin is no more and other wallets will be adjusting because they are going to have another one coming like bitcoin

[sportis]

If people only save their bitcoins and they don’t spend any satoshi deflation is next state. Many people in this forum advise others to don’t spend and the price goes up. May be they had forgotten that bitcoin is currency and must be in circulation. If people don’t use it for what reason do you want to have it? All are offer and demand.

[knyolku123]

If people only save their bitcoins and they don’t spend any satoshi deflation is next state. Many people in this forum advise others to don’t spend and the price goes up. May be they had forgotten that bitcoin is currency and must be in circulation. If people don’t use it for what reason do you want to have it? All are offer and demand.

agree with your opinion. if no one spends bitcoin I think can make the price of bitcoin is go down. because the currency needs circulation, bitcoin is same with other currency.  I hope bitcoin still alive and prices remain stable.

[tee-rex]

If people only save their bitcoins and they don’t spend any satoshi deflation is next state. Many people in this forum advise others to don’t spend and the price goes up. May be they had forgotten that bitcoin is currency and must be in circulation. If people don’t use it for what reason do you want to have it? All are offer and demand.

We have not forgotten that Bitcoin was created as a currency and thus should be used as such. But if there is nothing to spend it on, how on earth can we use it this way? If sellers and vendors are refusing to accept it as a means of payment for their goods and services, all what we can ultimately do is to save it, trade it, or just gamble it away.

There is not much what we can actually do in this regard.

[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

Its value will remain still as people don't use it. Because the rate of bitcoin depends on its users and miners. The same as, if no one uses it, the nothing will happen

I have thought about that too. But with the recent clarifition to those who are quoting here it could end up at a high price due to demands. But in the long run it might also make a mess. If those people who want to have bitcoin cant get some then they might end up in other coins which is a lost for bitcoin community.