If no one spends bitcoin what might happen?

[pairinpay]

You have to be patient with Bitcoin but sometimes the price can be stable for a long time.

[Cold-Heart]

i think it may decrease the value of the bitcoin it self, due to no one spends it, it results that no one needs it, therefore it might be erased from the net. but i think this will only happen if the price or the value of bitcoins are very very low. but i hope this won't happen cause i'm just starting my own expectations about bitcoins.

[giletto]

The value will shoot up I think

I agree with you. If no one spends bitcoin, they will hold bitcoin and people who want bitcoin can not buy bitcoin easily anymore and therefore, the prices of bitcoin will be extremely high. The higher the demand is, the higher the price will be

[Ilegendph]

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

It is true that when no one uses a certain currency the value of that currency will go down because the state or country owns it will produce more paper currency but it is not the case for cryptocurrency like bitcoin because they are limited, therefore it ok to not spend bitcoin for a certain time.

[dark08]

i think it may decrease the value of the bitcoin it self, due to no one spends it, it results that no one needs it, therefore it might be erased from the net. but i think this will only happen if the price or the value of bitcoins are very very low. but i hope this won't happen cause i'm just starting my own expectations about bitcoins.

Your idea was cool and I agree with you it is simply that people will surely not invest in bitcoin because no one spend it so why we invest your money if you never spend it People thinking this is a scam & surely the price will became very low and bitcoin will die.
Just my opinion only what will happen

[deisik]

If no one is "selling" (this is impossible, someone will always take profit in a sea of actors), there is no opportunity to "buy". The bids will keep increasing, making this even more of a bubble, until someone freaks out from all the profit potential and dumps on all those delicious bids

Yeah, but this is not what this topic is about

The OP asks what is going to happen if no one spends any bitcoin whatsoever. Indeed, it is a hypothetical situation which is unlikely to happen in real life, but it is still interesting to evaluate the possible outcome of it. As to me, if no one spends anything, no bid can be fulfilled, and thus buyers will soon start to lose any interest in Bitcoin since they will be freezing their funds in vain. Thus the bids will evaporate too (en masse), though the price may hit quite ridiculous levels (e.g. someone wanting to buy 1 satoshi for 1 dollar)

[albertvert]

If no one is "selling" (this is impossible, someone will always take profit in a sea of actors), there is no opportunity to "buy". The bids will keep increasing, making this even more of a bubble, until someone freaks out from all the profit potential and dumps on all those delicious bids

Yeah, but this is not what this topic is about

The OP asks what is going to happen if no one spends any bitcoin whatsoever. Indeed, it is a hypothetical situation which is unlikely to happen in real life, but it is still interesting to evaluate the possible outcome of it. As to me, if no one spends anything, no bid can be fulfilled, and thus buyers will soon start to lose any interest in Bitcoin since they will be freezing their funds in vain. Thus the bids will evaporate too (en masse), though the price may hit quite ridiculous levels (e.g. someone wanting to buy 1 satoshi for 1 dollar)

Ya you are some what correct. But If you spend or sold your bitcoin at low rates due to financial needs,I will say you lost the golden opportunity. If you sell your bitcoin at right time I.e At low rate means,you will get very huge profit which you not even expected. That is the impact of lost opportunity.

[ramsdaj28]

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 agree. The most possible thing that will happen if that's the case is that the price of btc won't change. The worse thing is that its value will fluctuate and might see itself disappears from the network. Well, in real world, people not using btc is very far from reality. Most people today are inclined to the use of btc in their daily transactions.

[FLoving]

The value will shoot up I think

I agree with you. If no one spends bitcoin, they will hold bitcoin and people who want bitcoin can not buy bitcoin easily anymore and therefore, the prices of bitcoin will be extremely high. The higher the demand is, the higher the price will be

And the price will keep on rising and one day it will become reach to infinity... -_-
Give me a break! This is so lame actually. The topics sounds like they are gonna do it forever. If that's the case, nobody is gonna give a sh** about BTCs. If people know, BTC holders don't intend to sell their asset, they will simply leave them on their own. I mean it's like an auction, if no auction is there, why would anyone even think about it?

[Jewell]

Holding bitcoins are great idea as bitcoins usually yield good profits on long term basis as it's keeps on increasing because it is in demand but if everyone starting holding bitcoins then i think it would greatly affect it's price as if no one's spending or selling it bitcoin would become as unregulated market means there would be no circulation or cycle of buying and selling so demand will fall and price will significantly decrease.And if there are no transactions then miners will be not profited and of course because of no profit they will have to shift to other crypto currencies.

Yes I no doubt agree with this statement that if everyone keeps bitcoin with himself and not and there is not transaction i.e. selling and buying, then surely its value will fall dramatically and the demand for it will decrease. And the huge inverters will lose a lot of money so \i also agree with that they will look around to some other crypto currency. Because everyone wants to increase his investment and not to keep in accounts

[balakang00]

Probably, all of us will go down because if no one uses or spends their bitcoin it might be taken down since it has no benefit to anyone. But I don’t think this will happen in the future because bitcoin has so much potential and gives so much opportunities to people.

[Potentiam]

Well that question is not complete. If no one spends bitcoin ceteris paribus that would mean people will still buy and sell it.
Basically it just becomes an investment asset.

Note:  Selling is not the same as spending.

[Quietman]

If no one spend bitcoin the demand for it will be very low. Or there will be no changes on its price at all. It will be stable. But I believe that wont happen. Unless bitcoin reaches a near zero value. No one would like to have a stable price for bitcoin. Because it is one of the characteristics that makes bitcoin known.

[stompix]

The value will shoot up I think

I agree with you. If no one spends bitcoin, they will hold bitcoin and people who want bitcoin can not buy bitcoin easily anymore and therefore, the prices of bitcoin will be extremely high. The higher the demand is, the higher the price will be

Yeah and ....what value will that be since nobody is spending it?
Remember the scenario, everyone hodls:).
The value might go to 1 billion for 1 satoshi as nobody sells.
And then somebody drops 10 btc what will happen to the price?

Bitcoin has grow because it's being used more and more and business accept it.
Take that from it and it will drop to the value before the first pizza was bought.
And that value was 0.

[sapnu]

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

It's a bit funny but I think Bitcoin will be more expensive. If no one will selk their Bitcoin and since Bitcoin is only limited for a specific account, once that limit is reached and still they are not using it, its value will increase. It has to do with the relation of supply and demand. Such that if the supply is only limited, it will be more indemand. And Bitcoin's market value depends on the market demand. So I think it will make its value higher.

[wilwxk]

If this occurs and the price dont crashes, so the phrase "Bitcoin is a bubble !!" will be true and this crypto will be a simple market where the peoples are trying to get money with the order of others.

[GorillaDental]

there's always going to be some people that will need to spend it, same as those that hold gold

[bajing]

If this occurs and the price dont crashes, so the phrase "Bitcoin is a bubble !!" will be true and this crypto will be a simple market where the peoples are trying to get money with the order of others.

No, that is not true, bitcoin price is not determined by it. the decline in bitcoin prices will still occur because the bitcoin price / crypto currency is determined by the trader. they want make the price cheap or expensive.

[nareshrohra]

Since, exchanges will still allow buying/selling, I think price will drop drastically until people start spending. Maybe after an initial sharp drop, people unaware of the situation will buy few coins thinking they will gain profit quickly. But, after realising a loss they will sell their holdings as well.

[infer]

The price of bitcoin will increase strongly. Because if no one spends, other people can not buy bitcoin. It will make bitcoin become rare and unique while the number of people who are interested in bitcoin increases every year. However, if the situation does not change, bitcoin will not be valuable anymore and people will move to another coin to use. Therefore, bitcoin needs to be used and hold at the same time