If no one spends bitcoin what might happen?

[Palider]

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 of bitcoin will be stable or go down because few people quit or not spending their bitcoin. The ecomy of bitcoin will decrease if that situation will happen.

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[Red Fish]

If no one spend Bitcoin, it's price will go down. In crypto currency market, crypto price go down, when people do not want to buy or spend appropriate currency. But currently we have something different - Bitcoin price go up, right now it's price is 4468 USD - http://preev.com/.  

[MoonIsBlue]

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.

It could go down, but it doesn't have to. Perhaps Bitcoin is seen as more valueable than conventional types of currency and so people are saving their ''good money'' and getting rid of the ''bad money''. It just means that Bitcoin is appreciated as to have a higher value. So to get people to spend their ''good money'' they will have to come with something good.
Such as gold, real estate, silver or other types of goods. It also would mean for anyone who wants to buy or sell bitcoin that they would get or buy at a higher price.

It is like giving someone who's in a country with a low valued currency a euro for the equivalent worth of their currency. Now really that currency is so bad that its virtually worth nothing and the euro will go underground so to speak. Cause the more that low valued ''bad currency'' becomes even less appreciated the more the euro will buy you.

[Jeger]

Theoretically, if no one spends Bitcoin then the price of Bitcoin will increase because of no one is spending Bitcoin for fiat or another currency. This will means the supply of Bitcoin in exchange getting more scarce and scarce each day which will drive the price up. Since Bitcoin is not a country's official currency, nothing will happen to the economic activity of any country, the only thing that will be affected is Bitcoin price.

[datodota002]

maybe if no one spend bitcoin, bitcoin price will be more valueable because bitcoin is going to be rare thing. and people will race to get it and save it as much as they can

[werner52911]

I see it this way:
If the people trade the BTC, buy and sell goods with the Coin, so the Coin is circulating, it becomes more well-known and by the trade with the goods a real added value is created, thereby the BTC price rises.
If everyone keeps his BTC and does not put into circulation, there is no real value / value and the price can not go up.

[Psalms23]

If it means that everyone is holding their bitcoins that is why no one is spending, then bitcoin will surely rise. Thats the law of supply and demand, if no one will spend their bitcoin, then bitcoin volume will lessen, making its price higher The more people hold their bitcoins, the more it will become rarer.

[mammoniter]

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 amount of resources not being spent by people who hold their coins is only about 30-50% of their income resources since we have daily basic needs and a portion of wants goes also from cash etc. I don't think it will affect the economy that much.

[nagobinga]

It will probably be collected like a hill or a mountain which is why they share it with us who are less able or less money we need, whether we reject it may not.

[neonshium]

Any currency will be in the market until it is being circulated from people. If everyone leaves it then it will be the addresses than to be in an exchange or for a service.

That is true, However people won't stop making transactions vis bitcoin. They may not spend it on any sort of service but they can buy it and just transfer it to some relatives who are living across the world. Also, not a lot of bitcoiners are really spending satoshis on daily needs. Everyone is holding it from the future because of the increasing prices. They want to earn good profits.

[artyo]

if no 1 spends bitcoin the price tag will increase more quickly than it is right now.offer x demand legislation, i am fairly sure desire will maintain rising and if no one spends will be like source minimizing(like what happened to sprint with masternodes)

[kotajikikox]

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

my speculation on your question sir because bitcoin are continues to increase good hold bitcoin to get the interest profits as savings the stability of bitcoin so far stroger than any investment i think before the end of this month the holder spend the bitcoin the reason is panicking about fork and bitcoin sligthly dump but i do not sure if this coming fork goes dump again and i believe bitcoin goes strong even have a fork hoping for the bitcoin stable the price during the fork.

[gokudera]

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 like hoarding some goods so definitely the price of bitcoin will become much higher.

[XFlowZion]

Less supply and high demand equals price surge. I know that a lot of wealthy investors made a move like burying or locking their btc on a ledger nano so expect it to happen.

[cryp24x]

If no one spend bitcoin, the first effect of it is increase in price since demand needs to offer higher just to get the sellers interest.  But if the situation keeps on going, BItcoin will be doomed to oblivion because merchant cannot transact with it and the economy will die because coin stopped circulating.  Meaning no more available coins for newbie to buy.

[pathapoddo]

Really 
I don't know what will be exactly happened. I think bitcoin transactions will be stopped I mean hanged. I am being hanged really don't know.

[senne]

The rotation of money is necessary whether it is fiat currency or Bitcoin, if somehow a situation occurs where no one is selling there Bitcoin it could be very bad for the market. If everyone just holds their Bitcoin the price will fall at the first phase and then remain stable because there is no trading and transactions at all. But one need to worry much because at the end of the day people who are dependent upon Bitcoin need to spend them and the cycle of buying and selling continues.

[nominee]

The rotation of money is necessary whether it is fiat currency or Bitcoin, if somehow a situation occurs where no one is selling there Bitcoin it could be very bad for the market. If everyone just holds their Bitcoin the price will fall at the first phase and then remain stable because there is no trading and transactions at all. But one need to worry much because at the end of the day people who are dependent upon Bitcoin need to spend them and the cycle of buying and selling continues.

Another possiblity is that having problems with the Money that you called as fiat. There is only usdt thing for the traders at the moment and it's not real usd. What if the issuers issue more usdt on their own?

[helars2008]

Eventhough the situation you stated above is impossible from happening i will still say my views IF it will indeed happen.
For me i think the trend will still follow the demand and supply rule,  if no one wanted to sell then the buyers will be more than eager to obtain it which will result to a higher offer.  But if this non selling event will last for a very long time or even just a month i think it will have adverse effect in the bitcoins price.  Because people may lose interest and withdraw their orders. Therefore in order to keep bitcoins price up then we should make it active.

[CryptoMDS]

It will moon because nobody is using it to purchase things but to store value, ence if people stop using it/trading it will have less tokens circulating and if demand keeps at this pace price would go up big time. Kinda whats happening in the last months.