If no one spends bitcoin what might happen?

[Fraxinus]

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 people dont spend gold anymore either and it hasn't done that any harm,   

That's entirely different buddy-gold has much different concept than BTC-BTC has to be in circulation because it's made for it-if everyone holds BTC that means that it will lose it's main idea-to make a change in the means of payment.That's why it's critical for BTC to be in circulation and people to send and receive BTC-that's when BTC is in its true principle and is in its stongest version.

[delliaerd]

i think it will affect the price and the price will be stuck...there will be decrease in outflow of bitcoin and this will affect a lot of those making use of bitcoin...businesses will be stuck on bitcoin, and it kind of affect those new one's joining or coming into the world of bitcoin!!!!

I am sorry friend but I have different opinion than you, I think if no one spend bitcoin it can make the demand increase than make the price arise so high, but after people see bitcoin price is too high, they will lose interest and worry becouse the price could be fall when the holder do panic selling to get profit. I think bitcoin circulation is needed for future of bitcoin.

[NEWGOODOUBLE]

When there is nobody selling the bitcoin, it will be worthless.
Bitcoin development so far, its demise may be only one: its own problems.

it would be very scary if bitcoin has no buyer. bitcoin sellers will always be there. The most feared is when demand bitcoin to zero
I hope it never happens

[gandame]

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'm not sure about the price but I think it will go down. And yet we have to keep in mind that the price, I guess, will also depend on miners. If noone spends btc but miners mine them, something should happen

The worst case that can happen to bitcoin if no one would use it anymore is it will disappear, maybe temporarily, or maybe forever, unless people would start on using bitcoin again. But I think this scenario that we have been thinking won't happen because bitcoin is already been here in the virtual world for years and still counting. In short, it is proven and tested by every one whoever uses it until now.

[romero121]

When there is nobody selling the bitcoin, it will be worthless.
Bitcoin development so far, its demise may be only one: its own problems.

With bitcoin that's not the real fact. Bitcoin grew from the scratch of being worthless and slowly it grew to a value storing source. So circulation doesn't make it go worthless, but some impact will be felt.

[MFahad]

There maybe many assumptions that if nobody spend their Bitcoin then what will happen.
If nobody spend Bitcoin then Bitcoin price will fall because everyone will think that Bitcoin is not circulating in market. Other view maybe that if nobody spend their Bitcoin and the demand keep increasing than the price may go to sky.

I think we are talking here about a situation when almost nobody is spending their coins, because otherwise it would too unrealistic. I agree with your "other view". I think the demand will be always rising with time and if nobody is spending the price will go to the Moon.

Yes, this thing will never happen because bitcoin is money a virtual money that help people for their daily needs if they have good income on that since bitcoin is increasing the spending will also increase the demand will increase.

[jobach]

with simple principle of economics , it will increase because , there are people who are using it , if majority stops using it it will increase in price but as soon as people use it it will balance itself

[mrkevio]

Nobody spending Bitcoin means no demand, so if fewer people are going to spend it then the price goes down, but if NOBODY does then the price could go down to even $0. It's like it doesn't even exist anymore. Nobody buying phones from a company makes its stock market go down, leading to a possible failure.

[angaper]

You can't compare the usual consequences of massive saving in the current financial system which is intended to impulse the massive consumption of goods and services. The bitcoin price has remained completely detached from economic fundamentals.

On the contrary, I think a massive saving and storing of bitcoin can be positive to impulse the price higher because of the lack of supply and an increasing demand.

[carlerha]

When there is nobody selling the bitcoin, it will be worthless.
Bitcoin development so far, its demise may be only one: its own problems.

but to me i think first is not possible to stop the use of bitcoin, and it can only be possible if people stop using bitcoin to hold it for its price increase, therefore i think the demand of bitcoin will increase and price will skyrocket .

[deisik]

You can't compare the usual consequences of massive saving in the current financial system which is intended to impulse the massive consumption of goods and services. The bitcoin price has remained completely detached from economic fundamentals.

On the contrary, I think a massive saving and storing of bitcoin can be positive to impulse the price higher because of the lack of supply and an increasing demand.

The trees don't grow to the sky

There should necessarily be a saturation point where the demand will be balanced by the supply, at least until the next halving (which is going to happen only in 2020, if I'm not mistaken). Some people will want to cash out when the price reaches some point, say, $1,000 per bitcoin. And the influx of such people should be expected to increase with the prices going even higher. It would be interesting to determine the exact moment when this new long-term balance is found

[ged00u]

Nobody spending Bitcoin means no demand, so if fewer people are going to spend it then the price goes down, but if NOBODY does then the price could go down to even $0. It's like it doesn't even exist anymore. Nobody buying phones from a company makes its stock market go down, leading to a possible failure.

Yeah that is just how things simply work. If no one used bitcoin, it would be assumed as something unreal. Its existence would no longer be true. But I think this possibility is quite low, at least in the near future. As bitcoin is having a promising and potential future, people are changing their view of bitcoin and starting to focus more on this cryptocurrency. So bitcoin can not disappear this way, at least for a few more years.

[danherbias07]

You can't compare the usual consequences of massive saving in the current financial system which is intended to impulse the massive consumption of goods and services. The bitcoin price has remained completely detached from economic fundamentals.

On the contrary, I think a massive saving and storing of bitcoin can be positive to impulse the price higher because of the lack of supply and an increasing demand.

True but there is also a bad side on just piling up everything. We know bitcoin is not really that popular yet. Yes it will increase in price but with just a number of users. We need more that will adopt and that can be seen if people keep using it and saying "Hey this bitcoin got a lot of features."

[Zionatin]

You can't compare the usual consequences of massive saving in the current financial system which is intended to impulse the massive consumption of goods and services. The bitcoin price has remained completely detached from economic fundamentals.

On the contrary, I think a massive saving and storing of bitcoin can be positive to impulse the price higher because of the lack of supply and an increasing demand.

True but there is also a bad side on just piling up everything. We know bitcoin is not really that popular yet. Yes it will increase in price but with just a number of users. We need more that will adopt and that can be seen if people keep using it and saying "Hey this bitcoin got a lot of features."

It is better for people to use the bitcoin, but it is not so easy now. It takes long time to get confirmation.

[dhampir-D]

It's necessary to understand that the price is a result of supply and demand, so if people stop selling Bitcoins, the price would rise, as long as the network continues to function efficiently, of course. But a situation where no one sells Bitcoins would not be possible because miners need to sell it to pay the mining costs.

[Positid]

It's necessary to understand that the price is a result of supply and demand, so if people stop selling Bitcoins, the price would rise, as long as the network continues to function efficiently, of course. But a situation where no one sells Bitcoins would not be possible because miners need to sell it to pay the mining costs.

That's the basic definition on how the price will react, without demand the price will be low. And if no one spends bitcoin, it means it's not precious anymore and the value is not good so eventually it will just die and new coins will be valuable then.

[Taki]

i think it will affect the price and the price will be stuck...there will be decrease in outflow of bitcoin and this will affect a lot of those making use of bitcoin...businesses will be stuck on bitcoin, and it kind of affect those new one's joining or coming into the world of bitcoin!!!!

Economic have to work, money have to circulate. Money need to be constantly exchanged for goods. Money is loosing purpose if no one spend it. So in the case if nobody spend bitcoin - all bitcoin will fail, all it's system and many people will loose money that they puted in bitcoin.

[slapper]

i think it will affect the price and the price will be stuck...there will be decrease in outflow of bitcoin and this will affect a lot of those making use of bitcoin...businesses will be stuck on bitcoin, and it kind of affect those new one's joining or coming into the world of bitcoin!!!!

Economic have to work, money have to circulate. Money need to be constantly exchanged for goods. Money is loosing purpose if no one spend it. So in the case if nobody spend bitcoin - all bitcoin will fail, all it's system and many people will loose money that they puted in bitcoin.

I can see two situations for this, first is that no one spends bitcoin because probably all of us are holding it and the possible thing to happen is that the price of bitcoin will increase as there is lesser supply in the market, only if the demand is high. And second, no one spends bitcoins for it is going to be total worthless and we all know what well happen if something doesn't value.

The first theory sounds impossible. No one will keep their Bitcoin without using it. As you see, the bitcoin-related online casino system is strongly developing day by day. And, many people here are seduced by Gambling. They will spend their money in order to satisfy their desires. The second theory is more realistic. Bitcoin will be worthless if no one decide to spend it for any purposes. In fact, Bitcoin will disappear if this theory truly happens

[Ayers]

i think it will affect the price and the price will be stuck...there will be decrease in outflow of bitcoin and this will affect a lot of those making use of bitcoin...businesses will be stuck on bitcoin, and it kind of affect those new one's joining or coming into the world of bitcoin!!!!

Economic have to work, money have to circulate. Money need to be constantly exchanged for goods. Money is loosing purpose if no one spend it. So in the case if nobody spend bitcoin - all bitcoin will fail, all it's system and many people will loose money that they puted in bitcoin.

I can see two situations for this, first is that no one spends bitcoin because probably all of us are holding it and the possible thing to happen is that the price of bitcoin will increase as there is lesser supply in the market, only if the demand is high. And second, no one spends bitcoins for it is going to be total worthless and we all know what well happen if something doesn't value.

The first theory sounds impossible. No one will keep their Bitcoin without using it. As you see, the bitcoin-related online casino system is strongly developing day by day. And, many people here are seduced by Gambling. They will spend their money in order to satisfy their desires. The second theory is more realistic. Bitcoin will be worthless if no one decide to spend it for any purposes. In fact, Bitcoin will disappear if this theory truly happens

it can't happen because of the reason you said early, people are greedy and want to spend, otherwise why holding bitcoin in the first place? when they will be satisfied with the value they hold they will spend their coin
i also think that whales will spend more, they have more they can afford to spend their coin, poor holder will not spend them until value is very high, it will be balanced

[apriloni]

if no one spend their bitcoin then bitcoin price will be too much high but then bitcoin adoption will be too much slow and no one can be get profit from bitcoin easily and then i think people do not take interest in bitcoin.