If no one spends bitcoin what might happen?

[deisik]

The reference would be the buyer price, each new buyer offer increasing in reference the last one. After some time, some crypto-currency enthusiasts would migrate to another coin, and the BTC sellers would start selling again for the pumped price

I'm afraid that you can't say that

It would be the best bid price, i.e. the max price at which buyers are ready to buy, but in no case it will be the price of Bitcoin. In fact, this point can be proven very easily. Say, there are buyers who want to buy bitcoins at 500 dollars per coin while there are sellers which agree to sell at 1000 dollars per coin. What will the price be then?

The price will be that one they finish a deal

Technically, the price is only valid at the moment when the trade has just been made. After that, it quickly loses all relevance

On the other hand, if we reverse your logic and see someone selling some shit coin at the price of X bitcoins per unit of that coin and there are no fools willing to buy at however small price altogether (i.e. no bids in the order-book, see above), can we ever claim that this coin is worth anything at all?

If there aren't buys offers, the coin is worthless

But if the coin is worthless in the absence of buyers, does it mean that it is priceless in the absence of sellers (i.e. of inestimable worth and beyond market valuation)? Obviously, this is unlikely if not to say impossible even though sellers may be absent in the market altogether, for example, when a coin developer places buy orders for his coin when there are no coins circulating in the market yet. That's the reason why such assumptions as per OP (i.e. that no one is going to sell any bitcoins at whatever price) are meaningless and futile in real life...

Even if they are fun to hypothesize about at leisure

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[foodielove]

I'm not presupposing no one will have interest in Bitcoins, I'm not presupposing this: "bitcoin will not be spend anyway", what I mean is "if no one spend Bitcoins". This means who has Bitcoins won't spend it, but who doesn't have Bitcoins could want to have it, to buy it. There is no sellers, but there are many people wanting to buy it, and those who wants to buy will increase their offers to buy Bitcoins until a seller think the offer is good enough

Your assumption simply doesn't make sense

Just because there is no viable economic reason for it to come to life in the first place. Hypothetically, the price could reach ridiculous values, for example, someone might be willing to buy a few satoshi for a few hundred dollars, just for the fun of it, but that's pretty much all there's to it. In real life, though, you can more often than not see the opposite situation, i.e. only sellers being present in the market who want to sell their useless and worthless shitcoins, and no buyers sticking around altogether

If right now, all BTC sellers hold their coins and stop selling it, what would happen? Would Bitcoin die and crypto-currency enthusiasts move to an alt-coin to pump it to main crypto-currency status?

Or the BTC price would increase as the demand would be 100% higher than supply?

Strictly speaking, in that very case you can't even talk about Bitcoin price any more

Really, what is Bitcoin price (or price of any asset, for that matter)? Basically, it is the price at which the last trade was executed, so if there are no more trades, you can't assume that the price will sky-rocket. If there are only buy orders at a price higher than that last price, it will lose any value as a reference point. Ultimately, buyers will lose interest toward Bitcoin en masse, and since they don't want their money sitting idly in the orders which are never to be filled, they will pour it into something else. The market will essentially die with a few orders left in the order-books across exchanges

I must say it's true, because a currency can be replaced by another without disadvantages. But if people really want Bitcoin I believe they would continue trying to buy it until a seller place a offer.

The reference would be the buyer price, each new buyer offer increasing in reference the last one. After some time, some crypto-currency enthusiasts would migrate to another coin, and the BTC sellers would start selling again for the pumped price.

That is something the chinese lobby could do. The big whales club. It's just a strategy the big holders could try to have profit, acting in group to rule a decentralized currency, a risk plan that could kill the currency.

Hmm, interesting thoughts. Yes maybe the chinese lobby has quite an influence in this matter.
I also a gree that if people really wanted btc (if it was that attractive) they would still try to buy and eventually find a seller.

But I don't think it will really get to the point where people dont spend btc, quite the contrary, everybody is trying so hard to make people actually USE bitcoina s a currency and not just treat it like a stock .

[Babayega31]

I know its impossible to happen that no one spends bitcoin because its the mode of spending that most users is prefering to have and they were getting bigger in numbers. If we talk about the subject on effect of no one spends bitcoin is there will be big crash will come to bitcoin economy and no demand of btc so price will drop down and thats a big disappointments with those who invested in altcoin tradings and also in forex tradings; thats a big lose of profit.

[mornabo]

I think that the bitcoin can than collapse but of course we still have to see what is really gonna happen with the bitcoin if it will, hopefully nothing..on the other hand this will never happen...

in fact for this could occur is impossible dude. Sure there will always be people who do spending bitcoin until bitcoin die later in the day, so you do not need to worry about this issue

[virtualkeybuyer]

I think that the bitcoin can than collapse but of course we still have to see what is really gonna happen with the bitcoin if it will, hopefully nothing..on the other hand this will never happen...

I agree with your first point that if no one will use bitcoin then it will mean that the users are not available for bitcoin and all those who have bitcoins are just the investors and they can throw them to market any time to dump it. The better is that we use bitcoin in market everywhere for our needs so that the use is increased.

[mrcash02]

On the other hand, if we reverse your logic and see someone selling some shit coin at the price of X bitcoins per unit of that coin and there are no fools willing to buy at however small price altogether (i.e. no bids in the order-book, see above), can we ever claim that this coin is worth anything at all?

If there aren't buys offers, the coin is worthless

But if the coin is worthless in the absence of buyers, does it mean that it is priceless in the absence of sellers (i.e. of inestimable worth and beyond market valuation)? Obviously, this is unlikely if not to say impossible even though sellers may be absent in the market altogether, for example, when a coin developer places buy orders for his coin when there are no coins circulating in the market yet. That's the reason why such assumptions as per OP (i.e. that no one is going to sell any bitcoins at whatever price) are meaningless and futile in real life...

Even if they are fun to hypothesize about at leisure

Each case is one case, and yes, it's interesting to hypothesize about it as it probably won't happen. But some of these cases can be strategies of coin developers, traders, holders, businessmen, etc...

[President79]

I think this is impossible, as well as whether it is possible in a day there is no financial transaction. but if this happens of course a lot of things will die and maybe many industry bitcoin will stop operation.

[bravehearth0319]

If no one spends bitcoin what might happen? I guess if that happen more bitcoin enthusiast will buy more bitcoin, because the price of it for sure will goes down rapidly, and the more community buying it the more bitcoin price has a chance to increase again.

[pinkpanther03]

If no one spends bitcoin, no doubt that the price value of bitcoin  will decreasingly goes down. But most of the bitcoin enthusiast if they find out bitcoin decrease, surely they buy more it, for hoping the price will increase at the time of unexpected moment. Meaning spending bitcoin too will resume at once if that things happen.

[boyptc]

If no one spends bitcoin what might happen? I guess if that happen more bitcoin enthusiast will buy more bitcoin, because the price of it for sure will goes down rapidly, and the more community buying it the more bitcoin price has a chance to increase again.

Yes that's really what will happen. Many are going to take the advantage of it because as they know the volatility and potential of bitcoin. Because the lesser the supply in the market, the higher demand it will. So for those people that are going to have those bitcoins by that time surely will get bigger profit as the price will increase.

[Digitalbitcoin]

Actually we must have to consider this fact as logical statement if no one spends bitcoin.

Actually this cannot be happen. Because in market if no one going to sale bitcoin and if demand is increasing then price of bitcoin can reach to sky.
But this will never happen. Because till date bitcoin mining is going on and till 2145 mining will be continued. So till 2145 miner only get rewards for verifying transactions made within network. In no one spend bitcoin no miner will get paid.

[robiulawal]

A example might be helpful.
We can think bitcoin is a flying bird
that has a life it can fly up on the sky or can fly on the lower part.

Everyone is happy to see it.
It is very charming.

But when Bitcoin become stable
it is like a sculpture of a bird
 or a bird in a cage
it has no life,
it can not move,
But it is nice to see it..

That's all of btc in a cage.

[Pencila]

Actually we must have to consider this fact as logical statement if no one spends bitcoin.

Actually this cannot be happen. Because in market if no one going to sale bitcoin and if demand is increasing then price of bitcoin can reach to sky.
But this will never happen. Because till date bitcoin mining is going on and till 2145 mining will be continued. So till 2145 miner only get rewards for verifying transactions made within network. In no one spend bitcoin no miner will get paid.

If nobody spends bitcoin, it is useless and therefore worthless.

[bitbunnny]

Actually we must have to consider this fact as logical statement if no one spends bitcoin.

Actually this cannot be happen. Because in market if no one going to sale bitcoin and if demand is increasing then price of bitcoin can reach to sky.
But this will never happen. Because till date bitcoin mining is going on and till 2145 mining will be continued. So till 2145 miner only get rewards for verifying transactions made within network. In no one spend bitcoin no miner will get paid.

If nobody spends bitcoin, it is useless and therefore worthless.

Exactly, in that case Bitcoin would be worthless but this just can't happen. What should happen and how could anyone stop people from using it, not in this phase when Bitcoin is so much accepted and so much used. But like any other thing, if no one needs it and no one uses is then it's worth nothing.

[MoneyIsDebt]

Actually we must have to consider this fact as logical statement if no one spends bitcoin.

Actually this cannot be happen. Because in market if no one going to sale bitcoin and if demand is increasing then price of bitcoin can reach to sky.
But this will never happen. Because till date bitcoin mining is going on and till 2145 mining will be continued. So till 2145 miner only get rewards for verifying transactions made within network. In no one spend bitcoin no miner will get paid.

If nobody spends bitcoin, it is useless and therefore worthless.

it will worthless because if it is no where in the market it will probably lose its value and hence it will be worthless. but i think it is hard tohappen because now bitcoin has customers in million so, i don't think it will happen ever.

[delliaerd]

Actually we must have to consider this fact as logical statement if no one spends bitcoin.

Actually this cannot be happen. Because in market if no one going to sale bitcoin and if demand is increasing then price of bitcoin can reach to sky.
But this will never happen. Because till date bitcoin mining is going on and till 2145 mining will be continued. So till 2145 miner only get rewards for verifying transactions made within network. In no one spend bitcoin no miner will get paid.

If nobody spends bitcoin, it is useless and therefore worthless.

it will worthless because if it is no where in the market it will probably lose its value and hence it will be worthless. but i think it is hard tohappen because now bitcoin has customers in million so, i don't think it will happen ever.

Yeah i couldn't agree more with you, With the number of users today, may reach millions of users around the world bitcoin.
So it will not be possible very large number users of bitcoin none sells bitcoin and spend it for something.
But if one day we find that terrible accident occurs, there may be a big shock in bitcoin price stability.

[20kevin20]

Actually we must have to consider this fact as logical statement if no one spends bitcoin.

Actually this cannot be happen. Because in market if no one going to sale bitcoin and if demand is increasing then price of bitcoin can reach to sky.
But this will never happen. Because till date bitcoin mining is going on and till 2145 mining will be continued. So till 2145 miner only get rewards for verifying transactions made within network. In no one spend bitcoin no miner will get paid.

If nobody spends bitcoin, it is useless and therefore worthless.

it will worthless because if it is no where in the market it will probably lose its value and hence it will be worthless. but i think it is hard tohappen because now bitcoin has customers in million so, i don't think it will happen ever.

I don't really think it would be worthless. If less people would use it, the price would go even faster because there would be even a smaller amount to be used, so a smaller available supply. I'm not sure which one drives the price higher though: people having it but not spending it or people spending it more than ever before?

[BigBos]

Well, today, I'm sure a lot of big businessmen who hold bitcoin that they currently have to wait for the right price to spend a bitcoin they have. Well, when they all hold bitcoin they have, I believe, the price will continue to rise, even if it happens slowly, especially when they do not sell their bitcoin.

[bitcoinmasterlord]

Actually we must have to consider this fact as logical statement if no one spends bitcoin.

Actually this cannot be happen. Because in market if no one going to sale bitcoin and if demand is increasing then price of bitcoin can reach to sky.
But this will never happen. Because till date bitcoin mining is going on and till 2145 mining will be continued. So till 2145 miner only get rewards for verifying transactions made within network. In no one spend bitcoin no miner will get paid.

If nobody spends bitcoin, it is useless and therefore worthless.

it will worthless because if it is no where in the market it will probably lose its value and hence it will be worthless. but i think it is hard tohappen because now bitcoin has customers in million so, i don't think it will happen ever.

I don't really think it would be worthless. If less people would use it, the price would go even faster because there would be even a smaller amount to be used, so a smaller available supply. I'm not sure which one drives the price higher though: people having it but not spending it or people spending it more than ever before?

Yes if the Bitcoin transaction not happens means there is no value to use Bitcoin, and if all bitcoin users stop to use bitcoin then the bitcoin may disappear. But it will never happen, in future also don't think like this. Daily countless bitcoins transactions are happening. And a lot of people are earning money from this Bitcoin. 

[bitbob82]

Actually we must have to consider this fact as logical statement if no one spends bitcoin.

Actually this cannot be happen. Because in market if no one going to sale bitcoin and if demand is increasing then price of bitcoin can reach to sky.
But this will never happen. Because till date bitcoin mining is going on and till 2145 mining will be continued. So till 2145 miner only get rewards for verifying transactions made within network. In no one spend bitcoin no miner will get paid.

yes the use of bitcoin is continuously increasing therefore i think we even cannot think about that, bitcoin will be present for ever and people will be using it as currency even in their local shops and will exist for ever. hope that as time ass the use of bitcoin will also be increase.