If no one spends bitcoin what might happen?

[Zenithar]

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.

yes that is very right to say that people are not going to stop using bitcoin,i think bitcoin is now one of the most popular currency of the world and its popularity is increasing from time to time and therefore there are no chances that people will stop using bitcoin.

[tabas]

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.

Yes, this is the possible thing that will happen to bitcoin no one spends bitcoin right away. And besides, there will be no transaction that is happening so adoption is going to be cut and that will make bitcoin to be dead very soon. That's why spending is very important, so we really need to do spend our coins for adoption.

[noictib]

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

If it happen then I am sure that the price of the bitcoin will jump to high peak .
And also I am sure that I will not happen Because hold the bitcoin by about all.of the bitcoiners is impossible because most of the bitcoiners needed to make transactions from wallet to wallet and exchange to wallet and also making transaction for the day trading with Bitcoin to make profit , So here day trader atleast will not hold his bitcoin in his wallet for long time .

[jeraldskie11]

If no one spends bitcoin, the price of bitcoin will still the same or the price of bitcoin will decrease. Traders are knew about that because that is the one of the tricks and need to be a great trader. So that you will not lose in trading cause you got the perfect
timing.

[r32godzilla]

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.

yes that is very right to say that people are not going to stop using bitcoin,i think bitcoin is now one of the most popular currency of the world and its popularity is increasing from time to time and therefore there are no chances that people will stop using bitcoin.

People who have bitcoins in their wallet will surely use them and they might not sell their bitcoins but they would surely use them in trading and gambling sites to earn more bitcoins so I don't think that people will prefer to keep their coins simply idle in their wallet.

[Kimi80]

If no one spends bitcoin, the price of bitcoin will still the same or the price of bitcoin will decrease. Traders are knew about that because that is the one of the tricks and need to be a great trader. So that you will not lose in trading cause you got the perfect
timing.

With time value will go down, if you don`t use something that will be forgotten. I didn`t saw any trader that speak about what you talking now, almost all of them are selling when its high and they buy again when its high, and they call that shortage if I understand all that correctly, if I`m wrong tell me.
And how do you mean he will not lose in trading cause he got something perfect, you are talking about classical saving, and trading is constantly selling and buying.

[Reid]

I think for now there will be just a little effect if no one spends it.
A lot of bitcoin users that I have talked to are encouraging to hold it more and be patient about the price.
I think they want to minimize the amount that could be bought to make it more rare. Just like other items.
That is a good plan but will it really work. I think we cant force others if they do want to use bitcoin as something else.

[BunnyShibe]

If no one spends bitcoin, the price of bitcoin will still the same or the price of bitcoin will decrease. Traders are knew about that because that is the one of the tricks and need to be a great trader. So that you will not lose in trading cause you got the perfect
timing.

if people are holding bitcoin and not going to sell it then the price of bitcoin is going to increase more and more, but if people will not giving importance to bitcoin then bitcoin price will start decreasing.

[kokojie]

No one "spends" gold, in terms of everyday purchases.

[erik m.]

Well, according to the law of supply and demand, in such a scenario the price would rise. Bitcoin is already a scarce currency, and this would further limit supply in the market, causing a large price increase, if there were no drop in demand.

[dearbesz1219]

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

If no one spend bitcoins, perhaps price value will drop little by little. Then, if ever this continue no one is spending it to use it, there is a chance that it will downfall to zero value.

[Winner]

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

If no one spend bitcoins, perhaps price value will drop little by little. Then, if ever this continue no one is spending it to use it, there is a chance that it will downfall to zero value.

I don't think that the price of Bitcoin will drop little by little just because nobody is purchasing Bitcoin.
Bitcoin will either have no value immediately because there won't be any people to dump the coins on and if there is only one purchaser then it depends on how much money that person has and is willing to put inside the Orderbook. That person will have the opportunity to manipulate Bitcoin Orderbooks and put the price at whatever amount that he wants and Bitcoin will remain at that price until someone decides on purchasing a coin.

[deisik]

Well, according to the law of supply and demand, in such a scenario the price would rise. Bitcoin is already a scarce currency, and this would further limit supply in the market, causing a large price increase, if there were no drop in demand

Not so much the price as its volatility

And the recent price rise that we have seen lately confirms just that. This rise itself means that demand outweighs supply, so we can witness with our own eyes how the events described in the OP would unfold (a small version of them). At first we make a series of ATH's but soon volatility kicks in and we see severe corrections (if not crashes). That will just make Bitcoin more speculative than it is already. Such price swings are good for short-term profits but I don't think they are good for Bitcoin in the long run

[GAFSD]

 :)The market is still doing it jobs. There are one rule will happen. Order and demand rule.

So if lot of people us saving 70% or more, and peoples in china need to buy bitcoin for 40% or more. The price will be rise up.

[iamTom123]

When no one will be spending their Bitcoin that is akin to hoarding and when there is hoarding the price will always go up because you are affecting the liquidity of the market and then scarcity will set in. That is why trading is a big factor for financial successful of any country and that can also extend to us individually. I hope to have Bitcoin that I can also spend with.

[BlueStackz]

When no one will be spending their Bitcoin that is akin to hoarding and when there is hoarding the price will always go up because you are affecting the liquidity of the market and then scarcity will set in. That is why trading is a big factor for financial successful of any country and that can also extend to us individually. I hope to have Bitcoin that I can also spend with.

I agree, actually when the big whales, the ones that have the biggest cap of bitcoin decide to take the price to go up they start holding, and that affect the demand, because how all the markets work is there is a supply and a demand, and when the supply stops the demand rises so the price do too and that is essentially what happens when no one spends bitcoin.

[dearbesz1219]

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

You mean all of a sudden will be stop?I think it will be hang or hold, and the price value will also be freeze.  If that happen, well, I agreed on what others said it will be boring at all. 

[Janation]

These is the reason why sometimes the price go up and the price go down, many bitcoin users store their bitcoins unto their wallet not spending it making the price of bitcoin decreasing or going down, well it is all about the liquidity of bitcoin in the market. If  oone uses bitcoin or spend it, the price will go down, but the thing about bitcoin users are, when the bitcoin price goes down, the users abuse the price and buy a lot making the price increasing again, but in the scenario of noone will spend it, its price will be falling down, face front.

[ekoice]

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

If nobody spends bitcoins,then the price would remain stable and more retail traders will come forward to accept bitcoin as payment.But traders would lose their interest in bitcoins as they gain profits from bitcoins due to its volatile nature.

[FLoving]

Well, according to the law of supply and demand, in such a scenario the price would rise. Bitcoin is already a scarce currency, and this would further limit supply in the market, causing a large price increase, if there were no drop in demand.

but if no one will use bitcoin then there is a risk that a drop in demand occur because suppose if people will not use bitcoin then the companies and market will not feel it as necessary currency and will not give it preference in their market and gradually peple will start to not buying bitcoin and the demand will decrease while if there will be its use the demand will be increased.