If no one spends bitcoin what might happen?

[bluefirecorp]

i think then bitcoin bitcoin will be more increase its price but no one can be buy bitcoin because then all people will be never sell it so price will be too much high and no one can be afford it .

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[Zionatin]

If people don't spend bitcoins, the coin will eventually crash. Simple.

But I do not see that happening; people who work abroad and need to transfer some money home, use bitcoins to avoid the high bank transfer charges.

I think one major reason people will continue to use bitcoin is the ability to evade currency conversion fees.

I thought so, if there is no circulation of bitcoin then it's nothing, for a while (< a week) the price may increase but for several days later people on merchants/shops will begin to wonder about bitcoin as currency, why no one use it as payment. Luckily, it won't ever happen as people always sell it buy bitcoin according to market situation.

Without circulation, the bitcoin will be like most other scam coins, the value will be close to zero. So it is better to use it.

[staff_1307]

I think that this can not be, and will always Bitcoin only grow in value.

[btvGainer]

i think then bitcoin bitcoin will be more increase its price but no one can be buy bitcoin because then all people will be never sell it so price will be too much high and no one can be afford it .

It will make bitcoin useless lying in wallets.The demand of bitcoin will only increase if we spend it more and more and not by storing it.If everyone start accepting bitcoin,it's demand will go up and so is its price

[agamasrori]

i think then bitcoin bitcoin will be more increase its price but no one can be buy bitcoin because then all people will be never sell it so price will be too much high and no one can be afford it .

It will make bitcoin useless lying in wallets.The demand of bitcoin will only increase if we spend it more and more and not by storing it.If everyone start accepting bitcoin,it's demand will go up and so is its price

Yes, bitcoin price will move up quickly. To make bitcoin price stable, its need goon bitcoin spreading and circulation. The hoarder will take more control of bitcoin price.

[sobsitesearch]

I think the demand would be increasing slowly and the price will be affected and it would make bitcoin price stable or decreasing because if the demand will not increasing the tendency of the value are going to get low.

[Dudeperfect]

I think that this can not be, and will always Bitcoin only grow in value.

I think OP is asking for a theoretical discussion, yes looking at current situation it is near to impossible that everyone will stop using/spending bitcoins. The growth of the bitcoin (or any cryptocurrency) lies in the movement of that currency from one point to another so the price increases when the frequency of transaction increases. Since more and more people are getting in bitcoin, there will be an increase in the movement over the period of time and thus in price too.

[Supercrypt]

if no one spends bitcoin then it can become such a huge problem because there are two probabilty one is that the bitcoin price will start increasing rapidly and the second is the market will soon collaps

I think bitcoin is not going to fall down and the market is not going to collapse as we can see that the price of bitcoin is increasing on daily basis, as the users of bitcoin are increasing regularly, and as bitcoin is available every where if  the users of one country stop using it or their government banned it still the other users of other countries will continue using it.

[Mr.grin]

I think the demand would be increasing slowly and the price will be affected and it would make bitcoin price stable or decreasing because if the demand will not increasing the tendency of the value are going to get low.

if no one ever finish it, I think the price of bitcoin will be very difficult to grow. I also think that it will lead to the stability of the price of bitcoin, or might make bitcoin prices down. however, people will always make transactions with bitcoin, whether it's spending or to hold it.

[jak3]

if people started holding bitcoin an not spending it then it will soon become almost extint cryptocurrency. i dont actully care that the price will rise or not but the main thing for me is that people can not hold all the coins without any super important reason or else no one else will have coins to transact

[kidoseagle0312]

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 think that the price is going to be stable then if no one is going to spend a coin and I hate it when the price is stable because it is boring.
I know that you have to be patient with Bitcoin but sometimes the price can be stable for a long time.

We are in the same page dude! In fact, base in my observation here most of the member in this forum got earned bitcoin quickly through trading in the exchange platform.

[MMA]

i think then bitcoin bitcoin will be more increase its price but no one can be buy bitcoin because then all people will be never sell it so price will be too much high and no one can be afford it .

It will make bitcoin useless lying in wallets.The demand of bitcoin will only increase if we spend it more and more and not by storing it.If everyone start accepting bitcoin,it's demand will go up and so is its price

but to me i think if every one stop using bitcoin temporarily then the price of bitcoin will raise too high because the demand will increase and the supply will decrease which will really cause the price of bitcoin to raise too high.

[MancyZz]

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 think save for investation why not ? if stuck in one price we can withdraw in local money

[bitbunnny]

In theory it's possible that people stop to use Bitcoins but in real life that would be very hard to achieve. People would have to have very strong reasons not to spend any coin. And how could that be controled? This would look like kind of massive saving. In that case demand for Bitcoins would rise and that would also influence the price.

[socks435]

In theory it's possible that people stop to use Bitcoins but in real life that would be very hard to achieve. People would have to have very strong reasons not to spend any coin. And how could that be controled? This would look like kind of massive saving. In that case demand for Bitcoins would rise and that would also influence the price.

I think not spending bitcoin will not happen maybe for other people but for other people many ppl are using it and i think it is not the case to know about the price or value of bitcoin if can be increase or not..

[Rahar02]

if no one spends bitcoin the price will increase faster than it is right now.
supply x demand law, i'm pretty sure demand will keep increasing and if no one spends will be like supply reducing(like what happened to dash with masternodes)

spending bitcoin is not the same as not selling bitcoin. spending means using it to buy stuff just like what you do with any other currencies. but selling is when you dump it on the market. the first one is actually helpful to bitcoin because when you spend there will be more services and more adoption as we go forward. but the selling is what changes the price when no one sells price goes up and when everyone is dumping the price drops.

Yeah, bitcoin more likely would have less market and slow adoption if no one spending bitcoin as now there are many merchants accepted bitcoin payment especially in Western countries, so spending will affect bitcoin price to be more higher than before.

[danherbias07]

In theory it's possible that people stop to use Bitcoins but in real life that would be very hard to achieve. People would have to have very strong reasons not to spend any coin. And how could that be controled? This would look like kind of massive saving. In that case demand for Bitcoins would rise and that would also influence the price.

One good reason is just to invest. We know many people do that and USA got a large percentage of people that are invested in mutual funds. But they have built trust there already that is why people dont need to doubt it anymore unlike with bitcoin.
It might increase due to demands but how are we going to expand if some people who want to start investing cant buy one and the price gets too expensive.

[Invulner]

What the actual heck? What do you even mean?

If no one spends bitcoin, then there will be no blocks mined, because people mine blocks for profit and if for whatever reason they decide to not spend that money... It's just not logical.

The network will still be there, the ledger won't change. It's probably just the popularity of bitcoin has fallen down.

[Positid]

What the actual heck? What do you even mean?

If no one spends bitcoin, then there will be no blocks mined, because people mine blocks for profit and if for whatever reason they decide to not spend that money... It's just not logical.

The network will still be there, the ledger won't change. It's probably just the popularity of bitcoin has fallen down.

Exactly, if no one spends bitcoin there will be no circulation and bitcoin will be dead. That might happen in the future in case people will lose their trusts with bitcoins due to government regulations that will make the usage of bitcoin to be illegal.

[Xester]

What the actual heck? What do you even mean?

If no one spends bitcoin, then there will be no blocks mined, because people mine blocks for profit and if for whatever reason they decide to not spend that money... It's just not logical.

The network will still be there, the ledger won't change. It's probably just the popularity of bitcoin has fallen down.

Exactly, if no one spends bitcoin there will be no circulation and bitcoin will be dead. That might happen in the future in case people will lose their trusts with bitcoins due to government regulations that will make the usage of bitcoin to be illegal.

Bitcoin will not die, it will stay as a bitcoin. But what will change is its value, it will no longer be valuable and will remain as a digital number only. The market will die and other altcoins will join too since they are not ready, not independent from bitcoin. Not only bitcoin will end but all of cryptocurrency will suffer from having no value at all. But hope this will not happen.