If no one spends bitcoin what might happen?

[MFY151]

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 agree I read once poll here about how many people uses their bitcoins and surprisingly majority of people tend to use some of their bitcoins on a daily basis. I think the number of people holding bitcoins will just helps the increase in demand of bitcoins versus its low supply and the harder it gets to mine bitcoins as time goes by which will result to increase in value of bitcoins and in that duration bitcoin may show some red market charts which might result to panic selling then more buying and hoarding of coins and so the cycle continues.

[probablyworkingatm]

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 is selling, price goes to the moon 

[Fasdartin]

Yes I guess if nobody is spending bitcoin, then it seems bitcoin prices will stay in place, and the worst is down price. There is no reason for bitcoin to rise in price if no one is spending bitcoin. Therefore, nothing that spend bitcoin is impossible. Well, I hope it's impossible.

I doubt that bitcoin will have a lesser value if no one are using it, the fact that when we just keep or hoard bitcoin and there's a high demand the price will surely increase more. And when the hoarders learn that they'll just use or sell bitcoin little by little, taking the advantage of having it to make more profit.
However, there will be the chance that bitcoin become devalued when no one are interested to buy it so people will just keep it.

If no one spend there bitcoin, i think the price is no more to become higher and stay the same. And if that happen there more going to buy it and its value is continuously increasing.

[catIover2011]

if no one spends bitcoin maybe altcoins wll disappear, but likelihood of that occuring is extremely small, remember bitcoin is cryptocurrency igreat for the futurea

[Bowly88]

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 spends bitcoins maybe bitcoins price will fall because everyone is just holding them which means no demands at all no anything that can make the bitcoins price rises and with that bitcoins may become worthless. The price pf the bitcoins kust gets higher because of those people who buy and spend bitcoins itbis like any other supply. We can implement the supply and demand thing in this situation because the higher the demands of bitcoins the higher the price it will going to be.

[dg2010]

haha, Have you ever seen people stop spending money or gold or diamond? The answer is No. Crypto is the future of currency. They won't use Bitcoin unless there is something better. But I think it will happen in the 100 years later.  

[kimpena]

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

Yeah right, it will be no use at all if we will not spend it. If we just keep on saving all bitcoin we have, what's the use of having it if we will not spend it.If bitcoin will not be spend, its price will go down, because spending, buying & selling of bitcoins is just one aspect that affects the price of bitcoin. If no one sells or buy then bitcoin price will be sleeping, then it will go down until it becomes useless and priceless. It's value may gone. It is good to save, but we must also know to spend so that our economy will grow. But of course, be careful in spending.

[alexsamudra]

I will spend my money to help the bitcoin price run higher, and will help premises how to spend it like any other currency to make the bitcoin grow larger.

[cipher-x_09]

Then the price will just remain as it is it will be a like a stalemate in a chess waiting for someone to win or in the case of bitcoin it's like everyone is waiting someone to make there move and if that happens for a long period of time then it will likely lead to the fall of bitcoin in the trading market. Either way the possibility of that going to happen is 1 to 5 percent I guess on my own opinion because one way or another people likely spend their bitcoin because the purpose of bitcoin for will be gone.

[GreenBits]

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

Actually, this works out to pretty much the opposite of what you described. with decreased supply, that is people opting not to sell bitcoins for some reason; demand will increase the price. this is kinda of like the deflationary feature of bitcoin. as more ppl held, assuming adoption continued at the same rate, the only way to buy coins would be to mine your on. the cost would skyrocket. why this would never happen is because as soon as the price took off, some asshole would indeed sell. once one person takes profit, it will be a race to the bottom as everyone tries to capture maximum value.

[analyzing]

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

2 things can be happen , people will get  bored and move to alts , or BTC price will surge to million 

[Kim Domingo]

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

Indeed. Also, the too much holding and avoidance of spending will surely result to the abundance of the proper circulation of the currencies that can result to the dump of the price rates because there is no movement happening within the market so the prices will just hang up and get stuck into the current price and the worst, this might cause to a partial shut down because there is no progress seen so how come to still continue

[bazdarx8]

There will always be someone around the world spending money on Bitcoin no matter how much it cost high or low people will want to buy it to keep a hold of it to see if the value of it will go up so they can sell to make a profit.

[dieselmeister]

There is no reason to people don't spend Bitcoin, because, as you know, it has many advantages. In addition, If people don't use Bitcoin to save for the future, it's price will increase so much.

[Jr.robert]

If no one does any transaction with bitcoin it will not come in circulation and there's not going to be good, No transaction, No fluctuations, No price moment...

[coin_1122]

I think it will never happen because people keep spending the Bitcoin for profits always and buy the Bitcoin. Trading is nothing buying and selling so there won't be any word no one spending the Bitcoin. People always trade even at the higher price also.

[soilwork79]

I don't think people are going to completely stop using bitcoin at all but if this is happen someday the worst case scenario that can happen is bitcoin will going to die since nobody is using it. 

[darefreads]

I think if that's happened I need to find a better job than wasting my time sitting while in the front is my laptop but I'm praying for that won't happened.  If no one use their bitcoin maybe it's going down for real and and the government maybe happy for that if they don't like bitcoin.

[SnowAngeI]

I believethiscan ot b, and will always Bitcoin only develop in worth.  ne

[King Sastro]

Of course bitcoin is not useful and this seems unlikely, bitcoin is money so the transaction continues to happen, just like regular money used nationally, of course always used.