If no one spends bitcoin what might happen?

[virtualkeybuyer]

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.

Yes if the use was reduced then there will be a chance for the reduce of the demand of bitcoin as people will know as only asset of investors and investors will be lower in number or they will throw them in market at once when they see the price high so it is harmful for bitcoin to not to use it.

[rooster2000bka]

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

No BTC or alt coin!

[hawthelegend]

For me, i think that's kind of impossible to happen bcoz the reason why we earn is because we want to have something to spend. If not now, then surely later, others may take longer, others earlier, some even instantly after earning. Depends on the income and situations.. that's why i think its really impossible.
But to satisfy the question; if it ever happens then i agree with the others that its value might drop drastically. Worse case senario, would be off to no value at all.

[delliaerd]

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.

yes, maybe the Probality is big. if the people who want to buy bitcoin can not get what they want because all bitcoin owners not to sell it. the possibility of people who wanting to buy a bitcoin will switch to buying altcoin is big. maybe it will make bitcoin prices down. I think bitcoin should still circulate as currency for reasons that bitcoin is created.

[boyptc]

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.

Two factors are possible to happen and what you mentioned is one of it but I want to add some, the price will be stable or will possibly pump because of the hoarding scenario and the demand will increase the supply is lessen. The next thing will be, people are going to look for another coin that is next to bitcoin which is good because this might kill the economy.

[ubercool]

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.

Two factors are possible to happen and what you mentioned is one of it but I want to add some, the price will be stable or will possibly pump because of the hoarding scenario and the demand will increase the supply is lessen. The next thing will be, people are going to look for another coin that is next to bitcoin which is good because this might kill the economy.

It will kill Bitcoin as well. People will obviously move on to some other alternative coins may be Eth or litecoin which may have some future, but nothing is permanent here in this world. I think traders will be the first people who will leave bitcoin if the price remained stable for a long time because they need pump and dump to make money.

[jossiel]

No BTC or alt coin!

Yes it is a very simple logic that the most possible result if no one spends bitcoin they are trying to make the existence of bitcoin gone.

The essence of not spending is resulting to make it's appearance lost. I get the point of those people that says it will make the price bigger.

It will but people nowadays are looking for something active and if most of us will do this.

This is going to make bitcoin as a history only and will make it's existence dead very soon.

[Sled]

No BTC or alt coin!

Yes it is a very simple logic that the most possible result if no one spends bitcoin they are trying to make the existence of bitcoin gone.

The essence of not spending is resulting to make it's appearance lost. I get the point of those people that says it will make the price bigger.

It will but people nowadays are looking for something active and if most of us will do this.

This is going to make bitcoin as a history only and will make it's existence dead very soon.

Yes it will surely makes the bitcoin disappear because most of the potential investors will think that bitcoin is not active because no one is spending it and if that happens then the price in the market will fall down and the bag holders will do a panic selling which is such a bad idea because it will help the price to go down even more.

[Winner]

For me, i think that's kind of impossible to happen bcoz the reason why we earn is because we want to have something to spend. If not now, then surely later, others may take longer, others earlier, some even instantly after earning. Depends on the income and situations.. that's why i think its really impossible.
But to satisfy the question; if it ever happens then i agree with the others that its value might drop drastically. Worse case senario, would be off to no value at all.

Why do you think that Bitcoin's value will drop drastically? The amount of money that is within the order books will stay the same if there was only one person managing it. If there wasn't anybody interested in purchasing the coin then the order book would stay at the same value as it last was -the order books won't matter.

Bitcoin being killed off isn't impossible, it just requires a bunch of work. It isn't really worth it.

[DorianGray1]

What you suggested seems to be an impossibility. 

On a side note, if no one spends bitcoin of course the currency eventually dies off.

[bhadz]

if no one spends bitcoin of course the currency eventually dies off.

This is what will happen if no one will spends bitcoin. The economy will die because there's no transaction anymore. What do you expect to happen the price will increase because of the demand? No, bitcoin will surely die because there's no movement as I'm taking literally "if no one spends". That will make bitcoin as nonsense coin.

[--DarkSecrets--]

if no one spends bitcoin of course the currency eventually dies off.

This is what will happen if no one will spends bitcoin. The economy will die because there's no transaction anymore. What do you expect to happen the price will increase because of the demand? No, bitcoin will surely die because there's no movement as I'm taking literally "if no one spends". That will make bitcoin as nonsense coin.

Yes ,it will die and yet the only reason why bitcoins is high now is because of investors who are looking forward to earn on it. So basically if there's no movement it will only stock up at a price which make bitcoin die .
For any reason if that happens i clearly think that if bitcoin dies still its features will be useful as we getting close to its fast transactions so it will not die ut will be fixed and just a part of remittances.

[megynacuna]

What you suggested seems to be an impossibility. 

On a side note, if no one spends bitcoin of course the currency eventually dies off.

True, there will be no supply in the system and we all know the fluctuations are driven by the demand and supply and so if there's no demand or supply then it's dead like you say.

[Text]

Spending bitcoins is part of the cycle so if it will stop, the whole network will stop also from working and that is the end. We know that it is very impossible to happen because every second there's a lot of transactions worldwide.

[Wintersoldier]

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.

Two factors are possible to happen and what you mentioned is one of it but I want to add some, the price will be stable or will possibly pump because of the hoarding scenario and the demand will increase the supply is lessen. The next thing will be, people are going to look for another coin that is next to bitcoin which is good because this might kill the economy.

It will kill Bitcoin as well. People will obviously move on to some other alternative coins may be Eth or litecoin which may have some future, but nothing is permanent here in this world. I think traders will be the first people who will leave bitcoin if the price remained stable for a long time because they need pump and dump to make money.

If that could happen so, it would take years or even decades. Bitcoin and crypto currency is strong yet it's quite too small than fiat money. Thus, there is a little bit chance that bitcoin couldn't be used by people if no one tends to hold it. Howevern if it happen so, crypto currency would still remain since it can be replaced by a crypto currency coin which can stand and functions same like bitcoin.

[bhadz]

if no one spends bitcoin of course the currency eventually dies off.

This is what will happen if no one will spends bitcoin. The economy will die because there's no transaction anymore. What do you expect to happen the price will increase because of the demand? No, bitcoin will surely die because there's no movement as I'm taking literally "if no one spends". That will make bitcoin as nonsense coin.

Yes ,it will die and yet the only reason why bitcoins is high now is because of investors who are looking forward to earn on it. So basically if there's no movement it will only stock up at a price which make bitcoin die .
For any reason if that happens i clearly think that if bitcoin dies still its features will be useful as we getting close to its fast transactions so it will not die ut will be fixed and just a part of remittances.

That's a sure thing to happen, it will die because there's no fluctuation that is happening or even manipulation. But I really doubt that it is going to happen we can see a very big total market cap of it. And it's going to be unbelievable if it is going to die very soon, right now it's opposite if there are people that are not going to spend, they will earn it in the future.

[loges]

if no one spends bitcoin of course the currency eventually dies off.

This is what will happen if no one will spends bitcoin. The economy will die because there's no transaction anymore. What do you expect to happen the price will increase because of the demand? No, bitcoin will surely die because there's no movement as I'm taking literally "if no one spends". That will make bitcoin as nonsense coin.

Yes ,it will die and yet the only reason why bitcoins is high now is because of investors who are looking forward to earn on it. So basically if there's no movement it will only stock up at a price which make bitcoin die .
For any reason if that happens i clearly think that if bitcoin dies still its features will be useful as we getting close to its fast transactions so it will not die ut will be fixed and just a part of remittances.

That's a sure thing to happen, it will die because there's no fluctuation that is happening or even manipulation. But I really doubt that it is going to happen we can see a very big total market cap of it. And it's going to be unbelievable if it is going to die very soon, right now it's opposite if there are people that are not going to spend, they will earn it in the future.

Bitcoin will die only if people will stop using it or if its price goes to back to zero which is impossible to happen as the users of bitcoin are increasing on daily basis which is taking price higher and same will be the scenario in future too.

[jossiel]

No BTC or alt coin!

Yes it is a very simple logic that the most possible result if no one spends bitcoin they are trying to make the existence of bitcoin gone.

The essence of not spending is resulting to make it's appearance lost. I get the point of those people that says it will make the price bigger.

It will but people nowadays are looking for something active and if most of us will do this.

This is going to make bitcoin as a history only and will make it's existence dead very soon.

Yes it will surely makes the bitcoin disappear because most of the potential investors will think that bitcoin is not active because no one is spending it and if that happens then the price in the market will fall down and the bag holders will do a panic selling which is such a bad idea because it will help the price to go down even more.

And the market is playing around with the investors and if big investors starts to back out their funds with bitcoin and look for some other promising coin.

It will be the end of bitcoin, we know that investors / businessmen are into profit and if there's no movement within the market.

That will be signifying that it's market is going to collapse very soon, so that's what I can see if "no one" spends bitcoin anymore.

It's the reality that I can see for it.

[(altair)]

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.

I think this is not a thing that will happen if no one spend bitcoins or even money in such a time.Price will be just stable i think but will never going to riseup if no one will spend bitcoins or money.There is no demand how come it will rise if no one will spend it.

[bhadz]

if no one spends bitcoin of course the currency eventually dies off.

This is what will happen if no one will spends bitcoin. The economy will die because there's no transaction anymore. What do you expect to happen the price will increase because of the demand? No, bitcoin will surely die because there's no movement as I'm taking literally "if no one spends". That will make bitcoin as nonsense coin.

Yes ,it will die and yet the only reason why bitcoins is high now is because of investors who are looking forward to earn on it. So basically if there's no movement it will only stock up at a price which make bitcoin die .
For any reason if that happens i clearly think that if bitcoin dies still its features will be useful as we getting close to its fast transactions so it will not die ut will be fixed and just a part of remittances.

That's a sure thing to happen, it will die because there's no fluctuation that is happening or even manipulation. But I really doubt that it is going to happen we can see a very big total market cap of it. And it's going to be unbelievable if it is going to die very soon, right now it's opposite if there are people that are not going to spend, they will earn it in the future.

Bitcoin will die only if people will stop using it or if its price goes to back to zero which is impossible to happen as the users of bitcoin are increasing on daily basis which is taking price higher and same will be the scenario in future too.

Yes bitcoin will die by means of it and just like the title says if no one spends. Then that will make people to stop using bitcoin and that will guarantee the death of bitcoin. Because we know that there's no more people that are going to use bitcoin and probably some of us will go back to gold, fiat and other investments that we are getting profit.