If no one spends bitcoin what might happen?

[Cherylstar86]

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 bitcoin i think the price never change and it become stable until no one spend bitcoin. I think there is no one spend bitcoin most specially the bitcoin price become high and they convert them faster to get that price into a money.

This is a tough question but maybe if no one spends bitcoin then the price may affect from time to time for we all know that there is sudden dips sometimes without monitoring its status and that would affect the value even if you unintentionally letting it remain the amount of bitcoin in your wallet. This would simply mean that you have to do something and try to make use of having partitions so that you have to trade or go for selling your bitcoin. It's just really up to your decision making. Whether you let is suffer or survive the value.

[ongels]

I think it will never reach up to this level because nobody cares and nobody see the value's of btc affect to our community. Other cryptocuurenncy will no longer emerge, because they are nothing, They are just a piece of crap who has no value worldwide. BTC value will surely stuck at the bottom level.

[ice098]

I think it will never reach up to this level because nobody cares and nobody see the value's of btc affect to our community. Other cryptocuurenncy will no longer emerge, because they are nothing, They are just a piece of crap who has no value worldwide. BTC value will surely stuck at the bottom level.

if no one spends bitcoin then the circulation will not flow, it will be bad and not good for us, people must sell and buy the coins in order for us to call it trading and in order for bitcoin to continue to circulates that why they and we must use it in our daily needs.

[Xervo]

I do not think this will happen and there will always be someone who will spend bitcoins, because this is the market. And the market without volatility will die. On the contrary, thanks to trade, purchase and sale, the price is partly growing. More and more people are interested in bitcoins, more and more they want to get it and make money by rising or falling prices.

[saschafx]

I am sorry to say, but this query is like, what would happen of the sky would slide!!  This would not take place, simply because there are to many men and women on the networks and there is no reason for them to quit employing the method.  Asking what if is never anything a lot more than a squander of time.  What if I was a millionaire???  I would not be right here.

[Sate Jamu]

This is the same as if in a country no one uses money then what happens? of course for the short term can happen but it is impossible to forever, bitcoin will be fine even though none spend bitcoin.

[Shamie1002]

I think bitcoin will not grow. Without exchanges and transactions bitcoins price and the whole industry will Be stable and stagnant. If this would happen. Only the mining and investors will be influencing the bitcoin industry.

[agus_purno]

I think bitcoin will not grow. Without exchanges and transactions bitcoins price and the whole industry will Be stable and stagnant. If this would happen. Only the mining and investors will be influencing the bitcoin industry.

in my opinion all things can affect the price of bitcoin let alone the words of people who are well known to many people, then that person will toy the bitcoin price so that they can get a lot profit

[jc89]

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

That means the circulation will stop if nobody spend their btc therefore the price might go down. If that continues then people might not be interested anymore so they won't invest in it. I think this is possible to happen if the transaction fees keep on rising because we have fiat which we can freely spend and without any fees to pay in spending.

[sicparvismagna]

I guess that is the time bitcoin will constantly drops bit by bit resulting to losing faith in bitcoin system. Which could be eventually lead to the downfall of bitcoin.

[kateycoin]

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 the price will be stuck if we not spend our bitcoin. And no one will interested to invest to this currency because the price will go down too.

[shursight]

Without sellers there are no buyers, so the price is obviously going to go down, but it works as stocks, it is always on circulation, and now that the demand is constantly rising, there is no way that nobody wants to sell their coins, because everybody wants to buy some stuff sometimes, or maybe they need money. So money is always circulating, and the same happens with bitcoin and altcoins

[dancingnancy]

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

Firstly the movement of price will gradually slow down and remain at one price, then eventually if no one uses bitcoin as a form of earning or spending, it will start to lose value very fast. The demand will go down and in no time bitcoin will become obsolete. But with the current market trend bitcoin has a bright future.

[Sithara007]

We need to find an ideal balance between supply and demand. If no one is ready to sell the coins (including the miners), then it is going to affect the popularity and adoption of the crypto-currency in the first place. How can we increase the Bitcoin user-base, if these new users can't get any coins?

[RenzAranez]

If no one will spend bitcoin, i guess the price of this currency will go down or it will slowly lost its value. But i think that will not happen, Now a days people are introduced to bitcoin and if they are interested they will find a ways to earn and spend it. There are also a lot of people who are into trading and gambling, so it is impossible for them to gain or earn something without spending first.

[malikusama]

It is quite simple that it won't grow if there isn't any circulation of coins in the market. Worth of a currency depends on its circulation in the market and supply demand rule. Its true that people are saving too much but not everyone is doing the same.  Also many new users are joining the bitcoin network day by day this makes bitcoin to grow more.

[shawn995]

bitcoin rate will increase more and more whenever people will increase their investment in bitcoin due to which the rate of bitcoin will increase and more people will start investing but if people stop spending bitcoin then the circulation of bitcoin fall down and the bitcoin rate will also fall down.

[Loopper]

bitcoin rate will increase more and more whenever people will increase their investment in bitcoin due to which the rate of bitcoin will increase and more people will start investing but if people stop spending bitcoin then the circulation of bitcoin fall down and the bitcoin rate will also fall down.

That's how bitcoin has a high price and we should continue to provide information to everyone to produce higher bitcoin price.

[sheryl26]

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

For me, my thoughts about this is, when nobody spends on bitcoins and no one is using it anymore it will be worthless. Because anything that people do not use or do not cared about have no value. Because for me, what is the point of it being too much expensive if no one are spending on it and no one cared about it. It is just like a law of supply and demand, if that things dont have a demands the value of it will fall until it will be totally destroyed. But we all know that bitcoins will not go to that stage because they have been successful all through this years.

[slavla3]

Portion of the reason why somebody is hesitant to use bitcoin is because of to the restricted variety of retailers accepting it, be it online or actual physical stores. I know that there are much more retailers and on the internet stores accepting bitcoin, compared to two a long time ago, but even now, we see that there's nevertheless a whole lot of function to be carried out. Presently, I am paying my bitcoins only on a few factors and if the need occurs, I just convert mine to fiat.