If no one spends bitcoin what might happen?

[Blackdeath]

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.

I totally agree. I hate refreshing most of the time just to see if it is really not moving. Sometimes I thought my PC is just frozen but when I checked it out it really didn't move. Nothing to do if that shit happens.

Bitcoin probably stay what its value everyday because of the demand usage, and people is the who responsible for its value. If no one spend bitcoin there would be no bitcoin as well as the most sad part is that probably bitcoin will never invented. Some people who got rich because of it might be nothing now. Some companies, shops and establishments might nothing to spend and gain today. No one will ever know if that's happen but I'm sure because of the usage of bitcoin today it will never ever die ang people are continuing to use it for their everyday needs as well as for their wants. Goodluck Bitcoiners!

[soul-impact]

I always thought that if nobody sold any bitcoin then price would rise because anyone who is on demand for bitcoin would have to pay more to try and convince people to sell so i suppose as long as the demand is their then price will go up.  

Could also depend,  if people use bitcoin they have had for years and a shop accepts it then cashes out to get fiat then price would go down.

If nobody and no one will sell bitcoins bitcoin price will be stable because there are no price updates on markets which is cause by buying or selling bitcoins

You are totally wrong. If no one spends Bitcoin, it will be come worthless. The prices of Bitoin demabds on how peiple use and consider it. Bitcoun will not as worth as it is if the people deny its benefits. Therefore, people should spend their Bitcoin if they want the price to increase even higher. It is the inly way to spread Bitcoin over the world

[swogerino]

Well that won't happen especially anytime soon!
Cause with the announcement today on the approval of the biggest thing since the halving last year which was going to be huge this one will not fail. Well it must not or the bottom of bitcoin will fall without being able to recover ever again. This time around.

[gracia0023]

If no one spends bitcoin then its price will be stable or it will be low. But, people nowadays wants a favorable and convenient transaction which bitcoin can offer. So there will always be high demand for bitcoin.

[Slark]

If no one spends bitcoin then its price will be stable or it will be low. But, people nowadays wants a favorable and convenient transaction which bitcoin can offer. So there will always be high demand for bitcoin.

It seems that your are late to the 'bitcoin is cool' party, there is no l longer something like "a favorable and convenient transaction".
You either pay a hefty fee or wait 2 days for your transaction to be confirmed.

i think it is not possible because everyday people spends their money everywhere, they need to spend to supply their needs to buy their food, neccessities and many more. bitcoin must be spend in order for it to circulates

The thing is, people are using fiat money for that, or at least should be doing so, using bitcoin when you don't have to is stupid idea.
Buy groceries with deflationary currency is shooting yourself in the foot.

https://cointelegraph.com/news/bitcoin-price-will-triple-gold-in-2018-silver-achieves-parity-with-gold-clif-high

[batang_bitcoin]

If no one spends bitcoin then its price will be stable or it will be low. But, people nowadays wants a favorable and convenient transaction which bitcoin can offer. So there will always be high demand for bitcoin.

If won't be stable since no one spends bitcoin then probably the next thing that will happen is that. It will be down to no value, we are just looking for the possible thing that will happen if no one will use it, no users = no demand .That's why it will be dead very soon.

[ASHLIUSZ]

If no one spends bitcoin then its price will be stable or it will be low. But, people nowadays wants a favorable and convenient transaction which bitcoin can offer. So there will always be high demand for bitcoin.

If won't be stable since no one spends bitcoin then probably the next thing that will happen is that. It will be down to no value, we are just looking for the possible thing that will happen if no one will use it, no users = no demand .That's why it will be dead very soon.

At any instance there will be small group of people using bitcoin. Such a situation with no users causing zero demand for bitcoin won't prevail. Bitcoin is the advanced innovation in financial system, but now the technology behind it has gained more importance and getting served througho. So bitcoin usage will increase rather than decreasing.

[bikbik2]

If no one spends bitcoin then its price will be stable or it will be low. But, people nowadays wants a favorable and convenient transaction which bitcoin can offer. So there will always be high demand for bitcoin.

If won't be stable since no one spends bitcoin then probably the next thing that will happen is that. It will be down to no value, we are just looking for the possible thing that will happen if no one will use it, no users = no demand .That's why it will be dead very soon.

At any instance there will be small group of people using bitcoin. Such a situation with no users causing zero demand for bitcoin won't prevail. Bitcoin is the advanced innovation in financial system, but now the technology behind it has gained more importance and getting served througho. So bitcoin usage will increase rather than decreasing.

Very tempting predictions that bitcoin is already at the end of the year will be $ 2k, so spending bitcoin today is very unreasonable. Although if the user is the only income, then it is clear why people are buying something for bitcoin now. But it's worth waiting for a bit and our fortunes will almost double.

[blackhawkeye1912]

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 don't think that we will stock in one price, The price value will possible be drop and if that happen many of the community will get panic on it. together with the investors but not all, for sure some will still take the chance to buy more of bitcoin even the value is decreasing.

[RealPhotoshoper]

If no one spends bitcoin then its price will be stable or it will be low. But, people nowadays wants a favorable and convenient transaction which bitcoin can offer. So there will always be high demand for bitcoin.

If won't be stable since no one spends bitcoin then probably the next thing that will happen is that. It will be down to no value, we are just looking for the possible thing that will happen if no one will use it, no users = no demand .That's why it will be dead very soon.

At any instance there will be small group of people using bitcoin. Such a situation with no users causing zero demand for bitcoin won't prevail. Bitcoin is the advanced innovation in financial system, but now the technology behind it has gained more importance and getting served througho. So bitcoin usage will increase rather than decreasing.

Yeaa exactly , noone spend , no trading activity it will makes zero demands as there's no growth.
In the end those people who holding bitcoin will sell their bitcoin and affecting the market.
As a result price of bitcoin keep dropped and noone have interest in bitcoin.

[Rinder]

At this stage its impossible to stop trading and spending with bitcoin, i doubt anyone will stop buying and selling knowing that the coin is worthing 1200 dollars, its like win lotery and dont claim the prize.

Bitcoin might find some big issue over the time, something that the core should handle fast as possible, but even with some issue bitcoin remains strong and its hard to believe from one moment to another people will left it.

[batang_bitcoin]

If no one spends bitcoin then its price will be stable or it will be low. But, people nowadays wants a favorable and convenient transaction which bitcoin can offer. So there will always be high demand for bitcoin.

If won't be stable since no one spends bitcoin then probably the next thing that will happen is that. It will be down to no value, we are just looking for the possible thing that will happen if no one will use it, no users = no demand .That's why it will be dead very soon.

At any instance there will be small group of people using bitcoin. Such a situation with no users causing zero demand for bitcoin won't prevail. Bitcoin is the advanced innovation in financial system, but now the technology behind it has gained more importance and getting served througho. So bitcoin usage will increase rather than decreasing.

We are just assuming and I know that this is not going to happen at all. But if we will look at this situation I really can see that if there's zero demand, there were people that will try to do something to make this on hype again. Oh well, let's get back to reality if bitcoin will not be used, then there's another coin that we'll be using.

[bitbob82]

At this stage its impossible to stop trading and spending with bitcoin, i doubt anyone will stop buying and selling knowing that the coin is worthing 1200 dollars, its like win lotery and dont claim the prize.

Bitcoin might find some big issue over the time, something that the core should handle fast as possible, but even with some issue bitcoin remains strong and its hard to believe from one moment to another people will left it.

although it is now becoming more and more difficult to stop people from using bitcoin. but still perhaps people stop using bitcoin , then there are can be one possibility and that is the bitcoin will become useless. but hope this will never happen.

[Text]

Bitcoin will be useless if everyone stop from supporting it, if there's a new system which is better from it. But it will not happen for now because BTC is beneficial and has a great potential for long term. If an altcoin replaces the position of bitcoin then it would slowly down until user stop using it.

[Big R94]

If no one spends bitcoin then it's price will be zero.Because if no one spend BTC then treading will be stopped then how can increase its price? So the price will be zero.But the fact is, its can not possible to stop using bitcoin.Now a days the popularity of bitcoin is increasing day by day and i think it is too difficult to stop spending or using bitcoin.

[equator]

If no one spends bitcoin then it's price will be zero.Because if no one spend BTC then treading will be stopped then how can increase its price? So the price will be zero.But the fact is, its can not possible to stop using bitcoin.Now a days the popularity of bitcoin is increasing day by day and i think it is too difficult to stop spending or using bitcoin.

Perfectly said the value of Bitcoin wont be this much if their is no spending or usage of Bitcoin, who ever can buy some goods with bitcoin are using it directly balance every one are converting it to fiat currency and using it so bitcoin will be always used and even their are so many traders who are doing trading and earning a lot.

[ReLieD]

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 prices wont affect much according to me. They will remain constant and will continue the way it would go. The only thing that might happen is that the firms which used to accept bitcoin will no longer accept bitcoin as not much users might be using bitcoin according to the given condition above.

Well some people will always spend money, if a big proportion of people don't use it, its price will increase until it reaches an equilibrium point.

And i totally agree with you. No Matter what happens people will never stop using bitcoin.

[Winner]

If nobody spends any Bitcoins then the price of Bitcoin will drop because there wouldn't be anyone trying to purchase it. That reasoning only works with the scenario of people trying to spend Bitcoin and they can't transfer payments because of a stuck transaction or something similar to it. Once Blockchain stops working then nobody would want to hold onto it because the math just isn't there anymore.

There is a few people that can transfer without the need of a Blockchain confirmation though that is only with trust.

[Ravion]

If no one spends bitcoin then it's price will be zero.Because if no one spend BTC then treading will be stopped then how can increase its price? So the price will be zero.But the fact is, its can not possible to stop using bitcoin.Now a days the popularity of bitcoin is increasing day by day and i think it is too difficult to stop spending or using bitcoin.

What would happen if people would not spend Bitcoin on products or services, or, what would happen if people don't sell their Bitcoins? If people don't buy things (spend) with Bitcoin, then it would become less and less relevant for companies, and companies wouldn't invest into offering it as a form of payment.

If people don't sell their Bitcoin is a different issue. If all people just buy Bitcoin without selling any of it, this would cause a huge appreciation in the value of Bitcoin. But practically, there would always be people (investors) who will sell the Bitcoins that they've bought. The reason for this is because they would have defined a profit objective, and as the price of Bitcoin rises they'll sell their Bitcoins to collect their profits.

[Soul Reaper]

First of all this is a very hypothetical situation that ,
Every one stops using bitcoins.
I don't think it is ever going to happen .
But let us consider it as a special case and think about it,
I think the prices of BTC will go down as it will loose it's worth as a currency ,
This is because then there would be,
some other form of currency that might replace bitcoins.