If no one spends bitcoin what might happen?

[Sunnyyy]

If no one is interested in bitcoin anymore. Its value will decrease. If this situation lasts forever its value will return to zero. Worth it lying there until investors continue to buy it.

[Bruce1614]

Well I think the likelihood surprisingly sparing all their bitcoin is practically nothing. There will dependably be an exchange particularly when betting destinations are there, when individuals tend to offer their coins in the midst of need, when hyips/cloud mining locales still work and trick individuals, when venture openings opened. We have numerous motivations to spend bitcoin that is the reason I figure it will keep flowing.

[The_prodigy]

If no one spends bicoin it will going to nothing, I mean population don't grow anymore, it will never known by people because no one promoting it. And bitcoin value will go into lowest price ever like its original price since it was just being created. But, I think it is impossible, because by the help of blockchain technology bitcoin could be something usable in many ways and because of that people will aknowledge bitcoin as a king of digital currency, because it was created with limited supply and as a cryptocurrency with a decentralized function.

If no one will spend and accept bitcoin it also means that it is not valuable. It has no value at all because no one is using it. Bitcoin will always be valuable as long as it is functioning. All of the investment in bitcoin is in good hand if its value is continuing. Everything will remain but bitcoin is just non sense if no one will use it.

[Dinsdendo]

I think the price will go up. supply and demand is what drives it, like everything else in this world.

[Ziomuro27]

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

There is no exciting moment whenyou open your cellphone or your computer and see the bitcoin price is stable. If this will happen maybe some people will use alternative curency which will makes them satisfied on their values. Most importantly if it will be stable that means that this currency is not valuable. In addition bitcoin will decrease its value.

[Genosx]

I think if there is no someone who not used bitcoin then the market value of bitcoin can be affected from this event because the bitcoin does not circulate from its respective cycle.

[Pepito Manaloto]

Probably it will result to a high demand since the number of Bitcoin is just limited. If one thing is being indemand, its market value will be expensive. Therefore huge profit will be to its users or holders and will make it hard for other investors to buy an amount of Bitcoin. Iam not sure if this will be a good thing for Bitcoin. So since the market is circulating, invest now already.

[Aidan Martin]

In my opinion, If  no one  spends  bitcoin then  the price would somehow  stabilize and theres no circulation on bitcoins ecosystem which means its stagnant  and we could  see that adoption of bitcoin will be stop for sure because no one spends it and  the awareness  on bitcoins existence would surely decreased or nothing at all. Thats why we  must spend our bitcoins.

[CarnagexD]

The rule of supply and demand would break and the price of bitcoin would definitely drop because of the fluctuation on transaction which primarily target the market of bitcoin. Hence, negative impact could possibly driven in terms of price and the system of bitcoin which could somehow damage some investments and trading system that could give loss on many holding and possible investments.

[SergeYak]

I think that if currency isn't useful , it will die very soon. Anyway we have blockchain and have an opportunity to develop many interesting things , even more great than bitcoin.

[Winedmeel]

If no one spend there bitcoin? its simple the supply in intire industry nor community is the most affected and can cause shortage in the circulation in our community and specially the value per bitcoin will gonna rise like in double cost and it can hit the prediction this year...

[Luizrosevelt]

The core value of any currency/tender is its adoption and usability. If you take a little trip down memory lane, you would find that the competitive advantage of any currency is in its use case. In 1973, president Nixon of the USA took the US dollar off the gold standard and USD hedged in FED became a global standard currency for international settlements and transactions. This is important to the dollar as a currency because its international presence ushered in deluge of usage hence its assumed enviable status globally.
Conversely, bitcoin would plummet and eventually become isolated if nobody uses it. It's core objectives would have diminished to a level where it becomes non existent. Hodlers would get disinterested and dump at the slightest opportunity. 

[thundercrystal]

Countries economy and its currency value are under the influenced of many factors. People not wanting to spend bitcoin are just fine for as long as there are no heavy dumps.

If no one people will spends bitcoin, there are a big possibility that bitcoin can overtake by ethereun as the strongest cryptocurrency and there are also a big possibility that the price of bitcoin will fall very high in the market, and i think bitcoin can not live longer if that will happen.

[Verde_Mantis]

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

That's example is different, if people don't spend money it's a problem for whole economy because other people can't make money, BTC is not yet an important part of the economy, is more similar to gold, so if nobody sells and someone wants to buy the price should go up, I think.

[deepakg2m]

I agree with you. In an event of no one spending, any Bitcoin the price would stay stable for a long time. Mining would die off as there are no transactions to verify and the blockchain would freeze. Basically, everything would freeze until everyone begins to spend BTC again.

 

Well said ,every thing would freeze.The price being stable for too long would force the investors to loose their interest and everyone would start switching to other forms of finance instead of cryptocurrency.

[Jhun030383]

Absolutely bitcoins stability and growth will be very much affected when no one spends bitcoin. The circulation of its crypto currency bitcoin must be continous. You will be able to save more bitcoins but if you don't manage it properly who knows..its value had already decreased.

[Semar Mesem]

Bitcoin will certainly freeze and do not take long will die, this is the same with the body that no water input so that need will be lack of oxygen and die, but I'm sure this is not happening anytime soon because the bitcoin price is on the rise.

[YoungMaster]

If that happen, i think bitcoin price might stuck shows no movement due to there are no supply and demand on the market. Then all buyers and sellers will start looking for other altcoins.

[Sandra999]

I agree with you. In an event of no one spending, any Bitcoin the price would stay stable for a long time. Mining would die off as there are no transactions to verify and the blockchain would freeze. Basically, everything would freeze until everyone begins to spend BTC again.

[Galahad111]

The rule of supply and demand would break and the price of bitcoin would definitely drop because of the fluctuation on transaction which primarily target the market of bitcoin. Hence, negative impact could possibly driven in terms of price and the system of bitcoin which could somehow damage some investments and trading system that could give loss on many holding and possible investments.

I think a lot of people are in hope with it and very few people are spending their coins, and there are very few sites which accept Bitcoins. In the long term, this will be detrimental to the value of BTC. The real value of Bitcoin lies in its use as a payment medium. If people are not using it as a payment medium, then its significance and the importance will go down gradually.