If no one spends bitcoin what might happen?

[senin]

An interesting question is if bitcoin is completely mined and people stop selling it, what will happen then? Will he lie only in purses and people will simply stop paying attention to him and he will simply depreciate, because nobody will need it? After all, bitcoin is not provided with anything and has virtually no material value? So-so, encoded set of letters of numbers. Yes, all this is not easy. Moreover, if by that time bitcoin will cost astronomical sums. After all, if people lose interest in any kind of crypto currency, it will immediately depreciate.

[Hypnosis00]

If no one spends bitcoin then it will not become a problem at all because it will just trigger the price to spike up faster than what we expect because there is no need to worry since people are not spending their bitcoin and they are just holding it which will make the market become smoother and faster in moving up.

[rhayot]

Probably the price of bitcoin will get high or it will be gone, because bitcoin is sustained by the demand of users using it. But, I think it will not be happen because there are still some poeple who are traders, they are using buy and sell strategy so that the flow in the stock market are still running and there will be no stagnant transaction.

[Xenrise]

I don't really know if the price of bitcoin will go up or it will go down, as for bitcoin, its price is based on the demand of people who are using it. I don't really sure what will happen but one thing is for sure, bitcoin will be spend by many people and people will never stop using bitcoin.

[Toden1379]

Well basically it's true. If we don't spend, businesses will not grow, taxes will not be paid on those purchases and we will be stuck at nothing. But, unless you don't have money, live in a cave or an unfound tribe, it's economically impossible for you to not spend. Even growing your own food will need some spending on water or electricity. You'll be bored to death without spending.

[Netnox]

Nowadays there are not many options for spending Bictoins. Online markets such as Bitmit has closed down. Bitify (earlier Cryptothrift) seems to be under constant maintenance. Large number of dark markets have closed down and the few remaining ones are prioritizing BCH, XMR and ETH over Bitcoin. Even sites such as Stripe and Steam have stopped accepting Bitcoin.

[Alexis.Nick]

bitcoin will grow! Simply as this, it is much the same as you are placing cash in a piggy bank, what happens is the sum inside is stock getting tremendous as you put more cash inside it.

[Glydel1999]

In my opinion and observations, if ever no one would be engage in bitcoin, then bitcoin would not be as high at it is right now.
As for no one cares, no one would actually throw a single cent for a useless investment as they call.

[SaiWAFU]

Ok let's say that majority amount of bitcoin is held by one person. Let's say in 21 million amount of it 20.5 million belongs to me and the .5 amount goes to rotation in the market. Since the demand for bitcoin is high but the supply is limited,  the price of it is high.

The difficulty in acquiring and expensiveness of it might get people lose interest out of it and resort in other currencies. Then the value of it decreases. If one cannot have rice they look for a bread right?

Aside from that there's fiat money which is used by majority of people.

[ondabeat]

I always imagine that if nobody sells bitcoin products then the price will go up because anyone who wants bitcoin should pay more to try and convince people to sell, so I guess during that demand their price will go up.

[kanna]

The price of bitcoin will drop down , The biggest transaction cost

[Sean25pogi]

In my honest opinion, if a point will come where no one invest and use bitcoin anymore, then it is considered as a dead currency.
The price might drop to zero. Leaving no chance of going up again. But for me, it is really impossible that no one would actually use bitcoin.
Especially when bitcoin have already founded strong crypto enthusiasts not just in our county but all over the world.

[w33man]

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 circulation of bitcoin will be affected and the flow of interchange will be stuck. I don't see anything wrong with this except for the fact that it may affect volatility range of bitcoin since it will become stagnant. In conclusion, I think that it is still best for bitcoin to flow or circulate around the internet for it to be the same.

[oiucoin]

I think there will be no case of no one spending bitcoin, bitcoin is digital currency, people who invest bitcoin like to spend bitcoin, bitcoin is anonymous, decentralized, secure, and immune Government control.

[Arsenio Aileen]

I DON'T HAVE CLUE , but i think it won't happen..
Because, people will spend and spend agains

[jayes]

If bitcoin is no longer usable the people surely will stop buying it. Naturally bitcoin will come to and end.

[dbstmddhks]

But do not forget that bitcoin remains one of the most popular crypto currency. Even if many crypto currencies cease to exist, bitcoin will remain. And will become one of the decentralized currencies of countries

[Morticio]

It would be nice if many shops around the world started accepting crypto currency, including bitcoin, as payment. I think this is our immediate future. But even if this does not happen, people will also be hoarding bitcoin as a valuable asset.

[janelleshepard]

I think the reason why bitcoin is increasing so much is because Bitcoin was transfering from many people in p2p transactions and that's how a currency works.
So if once day, noone want to spend Bitcoins anymore it will lose the transfer function and become worthless ( because it's useless).

[Glaseseye]

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

In my opinion, the circulation in the calculation of bitcoin will have an effect which will cause the flow of money exchange to be stuck. I've seen the link you gave and there's nothing wrong with it except for the fact that it can affect the stability of the bitcoin because it will become stagnant. As the core of the conclusion, I think it's still the best thing for bitcoin to flow or circulate on the internet because it's all the same. Maybe bitcoin prices will be as usual or will rise high may even disappear from the crypto world, Because bitcoin is continuously sustained by the market demand that users use a lot but stock is very limited, I think such a thing would not be possible because there are still many people who use them primarily traders, they use a low sell sell high strategy so that the current in the stock market is still running even if it is unstable and it is unlikely there will be any stagnant transactions.