If no one spends bitcoin what might happen?

[DoublerHunter]

If no one spends bitcoin then the cycle of the supply of bitcoin will not be obeyed and it will affect the market a lot because there is nothing or only few supply of bitcoin in the market then because of the high demand of buyers of bitcoin, the price will be high and that will be good for people who have a lot of bitcoin but those who are just getting started in bitcoin and trying to invest then it will be the worst case scenario for them.

[noormcs5]

If no one would spend bitcoin,
I think it would be worthless or priceless since no one would be using it.

It will depends mate, but I guess it would not happen because for sure people gonna notice that then they gonna
sell their coin convert into fiat and the demand of bitcoin will be low and the price will continue to crash down and so to other coins because bitcoin is so huge to be easily beaten. And if so, the bitcoin will gonna be worthless to crypto world.

[equator]

If no one spends bitcoin then the price fluctuation wont happen and we wont see the worthiness of keeping bitcoins as investment, only when the coin is traded only will keep the bitcoin live, and if everyone thinks that bitcoin is digital currency then automatically to enjoy digital currency you have to expense it, That why the main reason is that gambling sites, porn web cam sites are doing good business as their is worth in bitcoin

[bitllionaire]

I think that the price of the Bitcoin will stand still or even become less worth. Because no one uses it, it can't grow in worth.
But I personally don't think that this day will come because there are many people that use Bitcoin and this can only happen if the internet gets shut down for days all over the world.

i think the op want to know that if all the people stop using bitcoin mean that no one is ready to sell their bitcoin, then what will happen. so i will like to add that if all the people of the world will stop using bitcoin and will hold it, then the demand of bitcoin will continuously increase which will also cause the price to increase.

[Farma]

while this may be evidence that very few people who spend a bitcoin. it makes bitcoin prices become higher. If this continues to happen, and there is no panic selling, I think the price will exceed $ 1,300 in a few days.

[User365]

well BTC is a currency based on the community, as nobody can force the people to use it (governments can force you to use fiat, f.e. to pay taxes) it would simply die.

[Pettuh4]

If no one spends Bitcoin then it will automatically become useless and loose its value completely. I hope we don't get there because that will be terrible and it will spell doom for Bitcoin.

[coinplus]

If no one spends Bitcoin then it will automatically become useless and loose its value completely. I hope we don't get there because that will be terrible and it will spell doom for Bitcoin.

I agree, many people say that if we stop spending bitcoin the price will eventually go up and they can make profit saving bitcoin for a really long time, but everyone does that the bitcoin will die, the demand is going to go up and so is the price and people will get greedy and wait a bit more until no one becomes interested in it.

In some sense, pausing entire bitcoin system will not give any benefits to bitcoin community as well as for system itself. So, not spending also might be giving same results in long run.

[Jamada]

If no one spends Bitcoin then it will automatically become useless and loose its value completely. I hope we don't get there because that will be terrible and it will spell doom for Bitcoin.

I agree, many people say that if we stop spending bitcoin the price will eventually go up and they can make profit saving bitcoin for a really long time, but everyone does that the bitcoin will die, the demand is going to go up and so is the price and people will get greedy and wait a bit more until no one becomes interested in it.

If there is no use for the bitcoin , the price will drop to zero.

[Xester]

Bitcoin will die. Same with any other currency, if there's no one using it, there's no reason for it to exist.

With no one spending Bitcoins, there wouldn't be any transaction volume. With the no one trading on the market, Bitcoins will be worthless.

That will be the extreme result or end if no one will spend their bitcoin and just hold it. If there were no sellers there will be no market. Seller and buyers are necessary to create a market that is founded on supply and demand. Bitcoin though it is a currency it is still considered to be a commodity. But this kind of commodity will not have a value if nobody sells it. 

[jovs]

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

The price will go down because people will lose interest in bitcoin if it happens. That is why though it is good to hold bitcoin, it is still hurting its economy if no bitcoin is used for purchase. It is good if there is more merchandisers that will adopt bitcoin so that more will be encourage to use and spend bitcoins.

It is a finite currency and I think it will still hold value if no one uses it. It would be a store of value, just like gold. If the reason that people are not using bitcoin is because they are holding it, then I think that will drive the price up because many would want to get a hold of something that continuously increase in value.

I think that it is impossible to think that no one will spen bitcoin. But if it happen , the price or the value of bitcoin will go down . Even if you say its fixed because like in fiat or tge system of money the rate or the demand is depende on the usage of people so it going to low the value. Maybe no one will do that because we all now that if you spend on bitcoin there is a positive effect on bitcoin users. It better to spen and earn at the same time.

[chixka000]

Do you mean that people holds? Then i think bitcoin would be useless.However that is merely impossinle that there woild be no bitcoin user who is going to use it.

[MyIdeas]

Do you mean that people holds? Then i think bitcoin would be useless.However that is merely impossinle that there woild be no bitcoin user who is going to use it.

You are right bitcoin will be useless if everyone hold and no one will be here to use bitcoin. If we want the success of bitcoin then we need some use of bitcoin in market to increase the demand.

[Natalim]

Do you mean that people holds? Then i think bitcoin would be useless.However that is merely impossinle that there woild be no bitcoin user who is going to use it.

You are right bitcoin will be useless if everyone hold and no one will be here to use bitcoin. If we want the success of bitcoin then we need some use of bitcoin in market to increase the demand.

The only reason we are holding is because we are seeing a growing demand and that implies the price will increase overtime and we make money but just holding our bitcoins. It's very important for an investor to understand how this market works. Of the total users of bitcoin, only few number belongs to the investors side, it's the same in real world where only few people are into business and the rest are just the consumer of their products and services.

[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

The price will go down because people will lose interest in bitcoin if it happens. That is why though it is good to hold bitcoin, it is still hurting its economy if no bitcoin is used for purchase. It is good if there is more merchandisers that will adopt bitcoin so that more will be encourage to use and spend bitcoins.

It is a finite currency and I think it will still hold value if no one uses it. It would be a store of value, just like gold. If the reason that people are not using bitcoin is because they are holding it, then I think that will drive the price up because many would want to get a hold of something that continuously increase in value.

I think that it is impossible to think that no one will spen bitcoin. But if it happen , the price or the value of bitcoin will go down . Even if you say its fixed because like in fiat or tge system of money the rate or the demand is depende on the usage of people so it going to low the value. Maybe no one will do that because we all now that if you spend on bitcoin there is a positive effect on bitcoin users. It better to spen and earn at the same time.

Yeah, it is just I remembered when one country is trying to pursue the people to spend their fiats because everyone is trying to save a lot more than what they are spending.
I tried applying the idea to bitcoin if that will happen too. Actually I happened to see the answer and it will not really affect that much. Bitcoin is really different than what we are using now called money.

[deisik]

Bitcoin will die. Same with any other currency, if there's no one using it, there's no reason for it to exist.

With no one spending Bitcoins, there wouldn't be any transaction volume. With the no one trading on the market, Bitcoins will be worthless.

That will be the extreme result or end if no one will spend their bitcoin and just hold it. If there were no sellers there will be no market. Seller and buyers are necessary to create a market that is founded on supply and demand. Bitcoin though it is a currency it is still considered to be a commodity. But this kind of commodity will not have a value if nobody sells it

This is a short-sighted and narrow-minded approach

It doesn't take into account that Bitcoin can be used for an exchange of real goods when (if) the real economy builds around Bitcoin. That would basically make the market for Bitcoin currency exchange operations largely irrelevant. In that case, no one could be selling as well as buying Bitcoin but it would still prosper since it would be used directly, i.e. as a currency, for the exchange of goods and services

[Reid]

Bitcoin will die. Same with any other currency, if there's no one using it, there's no reason for it to exist.

With no one spending Bitcoins, there wouldn't be any transaction volume. With the no one trading on the market, Bitcoins will be worthless.

That will be the extreme result or end if no one will spend their bitcoin and just hold it. If there were no sellers there will be no market. Seller and buyers are necessary to create a market that is founded on supply and demand. Bitcoin though it is a currency it is still considered to be a commodity. But this kind of commodity will not have a value if nobody sells it

This is a short-sighted and narrow-minded approach

It doesn't take into account that Bitcoin can be used for an exchange of real goods when (if) the real economy builds around Bitcoin. That would basically make the market for Bitcoin currency exchange operations largely irrelevant. In that case, no one could be selling as well as buying Bitcoin but it would still prosper since it would be used directly, i.e. as a currency, for the exchange of goods and services

I do agree. Although if the price of bitcoin gets really high then people can spend it anytime.
Thinking just for a thousand satoshis you can buy something online then why not.
But for now, I do think it is better to just hold it than spending it.
Maybe in the future when all bitcoin is mined then we can somehow circulate it with online shopping.

[Pattart]

Do you mean that people holds? Then i think bitcoin would be useless.However that is merely impossinle that there woild be no bitcoin user who is going to use it.

I think it is an impossible thing everyone will hold their bitcoin in the same time. likely 1: 10 million
demand and supply will always happen even if it was just a little volume

[Harlot]

Do you mean that people holds? Then i think bitcoin would be useless.However that is merely impossinle that there woild be no bitcoin user who is going to use it.

I think it is an impossible thing everyone will hold their bitcoin in the same time. likely 1: 10 million
demand and supply will always happen even if it was just a little volume

Its not impossible. If people hold their Bitcoin then the probably next situation is that the demand would go up. After that we might see Bitcoin's price to increase, the tendency is people will start selling because they are satisfied with the price. That is how it works it is even being used today by people who wants to push up the price of Bitcoin. No one will hold Bitcoin forever there is the right price for every person.

[DoublerHunter]

Do you mean that people holds? Then i think bitcoin would be useless.However that is merely impossinle that there woild be no bitcoin user who is going to use it.

I think it is an impossible thing everyone will hold their bitcoin in the same time. likely 1: 10 million
demand and supply will always happen even if it was just a little volume

Its not impossible. If people hold their Bitcoin then the probably next situation is that the demand would go up. After that we might see Bitcoin's price to increase, the tendency is people will start selling because they are satisfied with the price. That is how it works it is even being used today by people who wants to push up the price of Bitcoin. No one will hold Bitcoin forever there is the right price for every person.

Yes I agree. That situation is more like manipulating the game for their own satisfaction but we can't avoid that because that is one of the dirty rule of the game, if you have a lot of stocks then the only problem is that you got is patience, If you have that then you are already the winner. If people will keep hodling bitcoin and the demand cooperates and continue to go up then the price will be massive and in my opinion if that happen the highest price will be just bubble because of the bag holders that are waiting for that moment to sell off their coins.