If no one spends bitcoin what might happen?

[hilda483]

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

Wait wait wait. So, if NO ONE spends Bitcoin, if they just keep it there in their wallet, the price will go down? How, why? Shouldn't it stay in a straight line?

[geo43]

Bitcoin has two functions, a spendable currency and a store of value. If no one spends Bitcoin, it will still be a store of value. No one spends Gold and its still valuable.

[Taylorw]

I think that BTC case is diffrent from usual currencies. We use BTC only as a speculating tool. No one's economic is based on bitcoin

[Aura]

Then it will become a sort of asset, like it is already for many people.
I don't think Sathosi Nakamoto intended his project to become an asset, so that wouldn't be a good thing.
But I think that is not going to happen, when the fees start to drop, I will be using a small portion of my money to spend in the local grocery store.
There are many other people that buy goods or services with Bitcoin, also the blackmarkets play a big role.

[pjhom]

Then it will end up as an asset.  Like gold or precious metals.

[cryptoalfs76]

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

Everything is in balance,  spending and holding is right over there to maintain the balance of bitcoin in digital world,it is just like a small entrepreneurs ,who want  to  
sell there products,so to obtain this you must needed to sell your product and someone want  to buy it to maintain the balance of the economics.just this like happen in the world of bitcoin spending and holding to continue the
flows of  exchanges in the block chain market.

[Erkallys]

Then it will end up as an asset.  Like gold or precious metals.

Yeah, but moreover the blocks will not be filled anymore. In fact if the blocks are full it is a good sign, because it means Bitcoin is widely used, but that is not the matter of the topic.

So to answer the question, it will mainly clear up the network and the memory pool and makes Bitcoin look like a bit less like a currency. Since I see Bitcoin as a currency and not an asset, I better see never that happen.

[yen10]

People will always spend money either its fiat cash or cryptocurrency like bitcoin. Hypothetically speaking, it ever no one spends bitcoin, the most probable scenario is that, its value will reach a certain point of equilibrium and then stops. It will become stable and stagnant until someone uses it again. But again, its quite impossible to happen.

[Phash2k]

if noone spends bitcoin, transaction will be cheap and fast...?

[noelwenceslao03]

If no one would spend bitcoin, then the per unit price of Bitcoin would increase (assuming that everyone perpetually invests in Bitcoin) until it reaches a point of maximum value; just like our regular items which has a common market value.

[Kiiti1]

Probably crash.

[malekbaba]

I think I have to answer in different aspects.
1. There will be no seller, no seller also means no buyer. So volume will be less, less liquidity means less movement of price, eventually the coin will die.
2. IF you do not want to sell, may be you will ask irrelevant price, no one will buy at that price and your investment will get stuck
3. If any one buy at that price, he will face same problem as you and may sell at great loss.

[hynext]

If no one spends bitcoin maybe the price will go down. It might happen to that just like 2011 the value of bitcoin collapse. I think the future can't predict, If anyone could use bitcoin in everyday living the bitcoin are circulated.

[jancukiyah]

If no one spends bitcoin, of course the price will go down. And if it happen for the long time, bitcoin will lost their existence. So, if we want the price always high and always increasing, we should always earn and spend our bitcoin. We don't know what happen next, just do your best.

[multibit]

The value of Bitcoin will remain as it is because it's value depends on how people frequently use bitcoin as a mean of payment. That is why we want more and more people to start accepting bitcoin so that they use it. Also, if this was to happen, there is a possibility that a conflict in the bitcoin world might occur.

[Best Dreams]

People will always spend money either its fiat cash or cryptocurrency like bitcoin. Hypothetically speaking, it ever no one spends bitcoin, the most probable scenario is that, its value will reach a certain point of equilibrium and then stops. It will become stable and stagnant until someone uses it again. But again, its quite impossible to happen.

Well I think first of all its not possible to not spend bitcoin because it’s a digital currency and it’s here to use and that’s why everyone are doing and I also using my bitcoin for my daily expanse such as buying food and using for paying bills and also its going to use for investment and for daily trade also so it’s not possible for bitcoin to stay remain and no one will use so I think world need bitcoin for use and countries also want that bitcoin must be contribute in their economy.

[deviant99]

If no one will spend their bitcoin, no one will become successful. The bitcoin value will decrease, because it is a cycle in order for us to earn bitcoin. So if we let it hold in our wallet, its like we’re waiting for the black bird to turn white, nothing will happen good.

[BlackRacerX]

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

Circulation is cut. Bitcoins won't reach the places it should be reaching and then everybody will stop buying since no one is supporting bitcoins in their area due to bitcoins not reaching their area. And it's true, that an economy cannot grow if no one spends their money. Obviously, this is a statement regarding circulation of supply within the population of bitcoin owners and investors.

[dynospytan]

If no one will spend their bitcoins and just continue to hold it for a long time the demand and supply of it will be greatly affected. As we can see when the demand for bitcoin is high the price also goes high. But how about when the supply is low. If they're going to continue to hold and refuse to sell the flow of bitcoin will stop at a certain point.

[jamelyn]

I think if nothing will be spent on bitcoin it will stock up in price. because it does not buy it so the price of bitcoin will be stable. But nowadays, lots of bitcoins have been spent on investing and trading.