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Author Topic: If no one spends bitcoin what might happen?  (Read 52575 times)
Md Saad
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January 18, 2018, 12:51:10 AM
 #1261

From My perspective that If no one spends Bitcoin then the Bitcoin will remain same, Bitcoin is not just a currency that should be using for the spending purpose. it's a virtual currency that could be used for the trading and investment purpose.
But the price may fall down if no one spends Bitcoin, Whatever the case is, this case will never happen. Bitcoin has made a good impact on the money market and people are using Bitcoin a lot.
Advicerabi
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January 18, 2018, 01:52:30 AM
 #1262

If people stop spends bitcoin or do not buy bitcoin again this will cause the price of the bitcoin down and this will cause the panic, especially for beginners they will try to sell bitcoin. But it's not going to happen bitcoin will always be in the interest of investors.
usechain
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January 18, 2018, 01:55:37 AM
 #1263

If no one spends bitcoin, it means that bitcoin has no market, no demand, time is long, bitcoin will disappear.
Creating N Action
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January 18, 2018, 02:15:55 AM
 #1264

The price of bitcoin will remain the same if no one spends it. There's a possible that bitcoin stuck in one price. If no one spends bitcoin I think bitcoin will die. Bitcoin was created by known people to spend it that's why there's no reason to not spend bitcoin. I am also thinking that it may affect our life and economy  if no one spend bitcoin because bitcoin help us to earn money to support our needs .

wack slacker
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January 18, 2018, 02:25:52 AM
 #1265

Rest assured that the power of the blockchain is immense. Blockchain is widely used in life. In terms of convenience, BTC is slowly becoming obsolete in terms of technology. If people do not use bitcoin then they will use another crytocrurrency instead. I believe this is just the beginning of a potential market. Be careful of your crytocurrency.
teoco161
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January 18, 2018, 02:33:21 AM
 #1266

The price of bitcoin will increase strongly. Because if no one spends, other people can not buy bitcoin.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.
hghcoin
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January 18, 2018, 08:36:15 AM
 #1267

If no one spends bitcoin, the value of bitcoin will decrease.
Because bitcoin will lose interest in bitcoin if it does not benefit people or salvage anyone.
jatinjax
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January 18, 2018, 08:37:11 AM
 #1268

Value will decrease
kerjakuat
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January 18, 2018, 08:40:32 AM
 #1269

If no one spends bitcoin, the value of bitcoin will decrease.
Because bitcoin will lose interest in bitcoin if it does not benefit people or salvage anyone.
i dont agree with that as not only one country are holding bitcoin. the prices of bitcoin if no one wanna sell it will be up way high crazy as there will be a high demand with the low supply of course rather then dropping. if dropping i think everybody gonna sell it right.

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doaremon
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January 18, 2018, 02:59:55 PM
 #1270

To me if none use Bitcoin then the price of bitcoin will remain the same. We all konw about crypto currency this type of currency is not usually designed for  trading rather trading without any risk. As it is a virtual currency so no effect will fall upon it whether we use it as expenditure or not. But yes if we see otherway then with out transaction or any investment then ony day may be Bitcoin will vanished. But the chance is only 5 to 10%. According to some of the economist, one day Bitcoin will rule the world and it will decrease the use of Money

maryhansenn
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January 18, 2018, 03:05:51 PM
 #1271

I think in the future cash will be replaced by bitcoin so basically people will have to spend bitcoin in order to buy food or something else
budakjawa
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January 18, 2018, 03:08:40 PM
 #1272

Share your ideas here.   Grin

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.

Quote
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 sells the bitcoin it mains it seems to be making and triggering the bitcoin price increase because they are trying to save the bitcoin they own.

sidebyside
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January 18, 2018, 03:11:58 PM
 #1273

I do not think the value of bitcoin will increase if nobody uses bitcoin. I think its price will decrease and instead a different currency will have a higher value than bitcoin.

aryani
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January 18, 2018, 03:13:31 PM
 #1274

Well I think as long as there are some that keeps on buying it I think the price wont fall,
As long as there is somebody that keeps on investing even if they don't spend it the price would still rise up.
Ethernel
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January 18, 2018, 03:15:27 PM
 #1275

Is trading included on spends bitcoin ? If yes, the price of bitcoin will stuck because no one spend their bitcoin. I think it will never happen, no one spends bitcoin. It will happen if all people not trusting bitcoin anymore and leave it. The price of bitcoin can fall so hard if it happened.
mornabo
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January 18, 2018, 03:19:24 PM
 #1276

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.
yeah of course it's impossible because bitcoins are created as a currency and commodity, users will definitely spend whatever reason they have like buying altcoins, buying goods, buying stocks, gambling, and so on, that is including spending bitcoins mate, and spending will always happen in the bitcoin world, as long as there is a certain user transaction and spending will always happen
longminh123
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January 18, 2018, 03:20:40 PM
 #1277

Most people are more likely to use Bitcoin because Bitcoin is considered the most potential market and will be a new trend in the next few years. I think if you own Bitcoin you are probably lucky that Bitcoin will definitely grow in the future.
cepedacharles29
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January 18, 2018, 03:22:23 PM
 #1278

In my opinion, if no one spends bitcoin or nobody knows bitcoin Maybe will happen, we will stay focused on the fiat and economy in our country. Indeed this life feels bad without bitcoin for those of us who are accustomed to using bitcoin. But for people who never use bitcoin I think his life would be ordinary because it still has not used bitcoin.
Dyn@styN3rd
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January 18, 2018, 03:24:02 PM
 #1279

Law of supply and demand. If no one spends Bitcoin then there's no reason for demand thus the value will be stable and in the long run it'll eventually cease since there's no need for it. Good thing we're not experiencing it now  Grin
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January 18, 2018, 03:24:27 PM
 #1280

If no one spends bitcoin then giant one winged doves will descend over every major city in the world and fly in a circle until all the planes in the world crash.

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