If no one spends bitcoin what might happen?

[monsanto]

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.

Well if nobody spends their bitcoin eventually quantum computers will take out all the funds out and spend them for them 

[MWesterweele]

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 will happen. bitcoin will not be circulated . it will stock and the price will either grow or dumped. but i think the demand will increase very much. therefore many people started to sell it higher than before.

[n2004al]

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 is impossible to not spend (change) money in time. Every moment everyone have several needs to fulfill (eating, dressing etc). So for sure need to spend money. As for bitcoin, if the holders of it would prefer to not spend it (always if have fulfilled the above needs) it will be one day in which psychologically will think that the price of that day will worth to change some of his bitcoins to fulfill some desires. This day exist for everyone because everyone have dreams which want to become true.

[MargonCreatives]

What you suggested seems to be an impossibility. 

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

Not just bitcoins actually it happens with each and every asset. Suppose people stop using gold and women start wearing only diamonds then eventually the price of gold will fall too and become dirt in no time. Anything get's up in the market because the public demand is more and the downfall happens in the opposite situation.

[Soul Reaper]

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 you are right,
I can not happen suddenly that ,
People stop using a currency which ,
Has gained such huge acceptance in such a small period of time.
If no one spends bitcoins for some time,
It may result into the price of bitcoins stumbled,
But it still is very hypothetical as bitcoin is the currency of the internet.

[Pencila]

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.

That is right. That is why I spend a few bitcoins every year.

[micher143]

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

Law of supply and demand your right the price will stock up and maybe it will dump because based on the supply and demand law when the supply is lessen the demand will increase and price will be pump and if the supply increase the demand will be lessen and the price will be dump. so it will be remain the same.

[NEWGOODOUBLE]

What you suggested seems to be an impossibility. 

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

of course it will make bitcoin die but it will happen when bitcoin already in old age. for now it will not happen because bitcoin is still evolving

[Inkdatar]

I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.

[paul gatt]

I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.

I agree with you, nowadays, bitcoin is growing and popular, and it's more and more widespread and accepted by many countries, it's legalized, that's a good thing. Happy for those who use bitcoin. If nobody uses bitcoin, it will lose value and become garbage of technology. No one uses, does not buy and sells, and is inevitable.

[AicecreaME]

What you suggested seems to be an impossibility. 

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

That is why OP use the word "What if", because he just want to have our opinions, but just like what you have said, yeah, it would be impossible for us on not to use bitcoin anymore, unless the Government eliminated it. But we all know that bitcoin do have a future, and it will not happen that easily, bitcoin solidity will not be ruined just like that.

And let's say that the government banned it all over the world, but we are not going to let thing happen, we will find a way for them to take back what they have said, and they will declare back that bitcoin is legal, and everyone could use it.

[DoublerHunter]

I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.

I agree with you, nowadays, bitcoin is growing and popular, and it's more and more widespread and accepted by many countries, it's legalized, that's a good thing. Happy for those who use bitcoin. If nobody uses bitcoin, it will lose value and become garbage of technology. No one uses, does not buy and sells, and is inevitable.

Yeah. If no one will spend bitcoin in the market then it will lose its potential to be a great currency because there will no available supply in the market to be used in doing trades like buying and selling, the bitcoin users and holders will become hopeless with that and they will just abandon and accept that they lose in bitcoin.

[mrayazgul]

I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.

I agree with you, nowadays, bitcoin is growing and popular, and it's more and more widespread and accepted by many countries, it's legalized, that's a good thing. Happy for those who use bitcoin. If nobody uses bitcoin, it will lose value and become garbage of technology. No one uses, does not buy and sells, and is inevitable.

Bitcoin is so popular these days that the OP question is just not possible to happen and People will spend bitcoins for sure.

[Victorycoin]

I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.

I agree with you, nowadays, bitcoin is growing and popular, and it's more and more widespread and accepted by many countries, it's legalized, that's a good thing. Happy for those who use bitcoin. If nobody uses bitcoin, it will lose value and become garbage of technology. No one uses, does not buy and sells, and is inevitable.

Obviously you guys have drifted from what the op meant and not spending Bitcoin is not samething as no one using again. It simply means more and more people settled to hoard their Bitcoins. In that case, we should expect that the value of Bitcoin would rather appreciate because of the relative sxarcity.

[FlamingFingers]

I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.

I agree with you, nowadays, bitcoin is growing and popular, and it's more and more widespread and accepted by many countries, it's legalized, that's a good thing. Happy for those who use bitcoin. If nobody uses bitcoin, it will lose value and become garbage of technology. No one uses, does not buy and sells, and is inevitable.

Obviously you guys have drifted from what the op meant and not spending Bitcoin is not samething as no one using again. It simply means more and more people settled to hoard their Bitcoins. In that case, we should expect that the value of Bitcoin would rather appreciate because of the relative sxarcity.

That's quite untrue. If no one spends bitcoin, it won't appreciate nor depreciate, it will remain stagnant. Bitcoin has much attention because of its price fluctuation (it might not be good for business, but it's good for investors and traders). Stagnation will make bitcoin boring and uninteresting. Also the bitcoin value will fall against other crypto currencies due to its sending capacity will be equal to nothing.

[ibuddy122505]

I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.

I agree with you, nowadays, bitcoin is growing and popular, and it's more and more widespread and accepted by many countries, it's legalized, that's a good thing. Happy for those who use bitcoin. If nobody uses bitcoin, it will lose value and become garbage of technology. No one uses, does not buy and sells, and is inevitable.

Bitcoin is so popular these days that the OP question is just not possible to happen and People will spend bitcoins for sure.

That's exactly what I would like to say. Present online marketplace economy much strong, Bitcoin the main supported currency. I don't find have any reason why not no one will spends bitcoin? While using Bitcoin you can easily make huge profit if you have a good strategy and have skilled guy. Bitcoin treat now professional choice your business.

[Dimelord]

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 such a situation would not happen as day by day,new business groups are starting to accept bitcoins.If such a situation occurs,then bitcoin will lose its value against other currencies.People store bitcoin in their wallet expecting a profit from a price rise,but if not so,then they would start losing their interest in buying bitcoins.Traders buy bitcoins mainly to get profits due to its volatility as a result of increase in demand for bitcoin.If no one spends bitcoins,its price will fall down and traders would go in search for another altcoin.Over all,Bitcoin would become as a useless altcoin.

[Victorycoin]

I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.

I agree with you, nowadays, bitcoin is growing and popular, and it's more and more widespread and accepted by many countries, it's legalized, that's a good thing. Happy for those who use bitcoin. If nobody uses bitcoin, it will lose value and become garbage of technology. No one uses, does not buy and sells, and is inevitable.

Obviously you guys have drifted from what the op meant and not spending Bitcoin is not same thing as no one using again. It simply means more and more people settled to hoard their Bitcoins. In that case, we should expect that the value of Bitcoin would rather appreciate because of the relative sxarcity.

That's quite untrue. If no one spends bitcoin, it won't appreciate nor depreciate, it will remain stagnant. Bitcoin has much attention because of its price fluctuation (it might not be good for business, but it's good for investors and traders). Stagnation will make bitcoin boring and uninteresting. Also the bitcoin value will fall against other crypto currencies due to its sending capacity will be equal to nothing.

Presently one of the main reasons for the increase in the price of Bitcoin is as a result of many bitcoiners holding their coins and simple Econs(101) dictates that a reduction in quantity supplied, almost always leads to increase in price. Stagnation is only a possibility if no one is interested in it anymore and not if people are only willing to hold on to their coins.

[deisik]

Obviously you guys have drifted from what the op meant and not spending Bitcoin is not samething as no one using again. It simply means more and more people settled to hoard their Bitcoins. In that case, we should expect that the value of Bitcoin would rather appreciate because of the relative sxarcity.

That's quite untrue. If no one spends bitcoin, it won't appreciate nor depreciate, it will remain stagnant. Bitcoin has much attention because of its price fluctuation (it might not be good for business, but it's good for investors and traders). Stagnation will make bitcoin boring and uninteresting. Also the bitcoin value will fall against other crypto currencies due to its sending capacity will be equal to nothing.

Why is that untrue specifically?

Aren't the reward halvings meant to affect the prices in this way exactly? Halving Bitcoin supply basically means squeezing the flow of new coins to the market, i.e. the effect being the same as if less people were spending bitcoins. As I posted earlier in the thread, drying up supply will lead to higher prices but they will be less and less relevant (just like the market cap is meaningless right now), up to a point when no one is going to sell (or spend, for that matter) a single bitcoin. In that case, the price may hit ridiculous figures like a 1M dollars per coin when someone is going to buy 1 satoshi for exactly 1 dollar

[whizter]

I think if no one will spends bitcoin it will stagnant and its price will not rising because of its lack of users. This will leads to lose of users and demands of bitcoin. But ofcourse the reality for now, bitcoin is becoming in demand and popular in any countries.

I agree with you, nowadays, bitcoin is growing and popular, and it's more and more widespread and accepted by many countries, it's legalized, that's a good thing. Happy for those who use bitcoin. If nobody uses bitcoin, it will lose value and become garbage of technology. No one uses, does not buy and sells, and is inevitable.

Bitcoin is so popular these days that the OP question is just not possible to happen and People will spend bitcoins for sure.

That's exactly what I would like to say. Present online marketplace economy much strong, Bitcoin the main supported currency. I don't find have any reason why not no one will spends bitcoin? While using Bitcoin you can easily make huge profit if you have a good strategy and have skilled guy. Bitcoin treat now professional choice your business.

bitcoin is now becoming more and more popular as currency and people are now using it as online as well as in offline shops for shopping. i am hopeful that in future the trend will extend more and more.