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TitanGEL
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March 26, 2018, 04:15:28 PM |
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What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
The price of the bitcoin is depends on the supply and demand of the bitcoin in cryptocurrency market. If there is no demand, then the price of the bitcoin will be 0. It is a worst scenario if the people will stop buying bitcoins. |
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"You Asked For Change, We Gave You Coins" -- casascius
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gtx1060aa
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March 26, 2018, 04:18:26 PM |
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And you do not understand the answer to your question?
There is demand - there are proposals, there is no demand, there will be no proposals, if there is no demand for what value can we speak?
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12tribes
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Merit: 11
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March 26, 2018, 04:20:45 PM |
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If people stop buying bitcoin, the market gets frenzy and the balance of buyers and sellers falls. Technically this isn't possible. We have a fixed volume of bitcoins and numerous newcomers ad holders of the virtual currency. This way, they can't deflate the price arbitrarily. For miners, you sure know it is in blocks and the more the miners the harder it gets.....
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Kita Kita
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March 26, 2018, 04:23:52 PM |
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i think there are no reason to stop buying bitcoin. Cryptocurrency is still a valueable market and the investors always trade which can help them get money.
Even that it is impossible that people is we will stop buying bitcoin, i think bitcoin value is we will surely dump very high or even bitcoin can die if people stop buying and supporting bitcoin, and i think if people we will stop buying bitcoin, there is no doubt that ethereum can be the new king of crypto. |
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MasterCATZ
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March 26, 2018, 04:24:27 PM |
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At some point, probably around 2140, the last bitcoin will be produced, but this does not mean that the network will collapse. In addition to premiums for calculating hashes, the miners receive transaction processing fees. Now these fees are small, on the order of a percentage share, but as the fee for calculating new units decreases, the amount of the transaction processing commission is likely to grow - together with the cost of bitcoin.
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Chikeokafor888
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March 26, 2018, 04:28:15 PM |
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Even if people stop buying bitcoin, it still does not lose its value, thanks to the Holders who believe in it and will keep it. It was thanks to them that we did not fall much this time, although very large funds were sent to it to drop the price of bitcoin
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ovcijisir
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March 26, 2018, 04:29:08 PM |
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What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
The price of the bitcoin is depends on the supply and demand of the bitcoin in cryptocurrency market. If there is no demand, then the price of the bitcoin will be 0. It is a worst scenario if the people will stop buying bitcoins. It is in interest of any cryptocurrency holder that demand remains high. I guess that cryptocurrencies have to become more user friendly so more people can start using it. |
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Dimonhamon
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March 26, 2018, 04:30:33 PM |
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If people stop buying Bitcoin it will mean that:
1. Bitcoin dead.
2. All economic in the world dead.
But I hope this will not happen.
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Alex789
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March 27, 2018, 02:22:59 AM |
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nothing is impossible with bitcoin and there is no reason not to buy bitcoin, we see Cryptocurrency is still the most valuable market share with investors because it can help them trade and earn money, we see in the future that in the end bitcoin is in peak
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CyM99
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March 27, 2018, 02:49:58 AM |
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If you stop buying bitcoin, the bitcoin will not be worth it. In my opinion, this is unlikely. Because the benefits of bitcoin bring users hard to refuse. In the near future bitcoin will grow even further.
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Gudhal Untu
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March 27, 2018, 02:51:58 AM |
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If people stop buying bitcoin then bitcoin is worthless and dead, many people think that bitcoin can last forever, but we all know that bitcoin does not control so bitcoin can not be worth any time.
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royromales
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March 27, 2018, 03:10:24 AM |
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If you buy a bitcoin and when it comes down suddenly you can get bigger and big money will disappear because bitcoin is fast down so I'll wait for bitcoin before I buy
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tianok21
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Activity: 128
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March 27, 2018, 03:19:27 AM |
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What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
Once people stop buying bitcoin there are possibility the value of bitcoin become worthless. And, the possibility bitcoin become useless because people they don't want buy. Then bitcoin regime will end if there no anyone who want to support on it. In other scenario people stop buying of bitcoin have a big impact in the market cap because the demand is limited and the supply is bulky. Because of this possible the value of bitcoin will dump. |
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Choi Jihun
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March 27, 2018, 03:57:03 AM |
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if a market is closed and no one is buying and selling definitely that business is not usefully same thing applied to bitcoin if no one buy and sell bitcoin than the investment with bitcoin is over.
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kobe24
Sr. Member
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Merit: 250
www.cd3d.app
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March 27, 2018, 04:08:47 AM |
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Ofcourse it will be the end for bitcoin if nobody wants to buy it but it's really impossible especially nowadays we all know that bitcoin makes our lifes easier.
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rainezerr
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Activity: 378
Merit: 100
ADAB ADAB ADAB ADAB
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March 27, 2018, 04:10:10 AM |
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What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
The the price of bitcoins in the market will keep on decreasing since no one is already interested on investing in it. The price of bitcoins is always depending on the supply and demand and the reason why it is dumping because there's too much supply. |
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HuntterrBounty
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March 27, 2018, 04:25:07 AM |
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I do not think that will happen. Because bitcoin in the future will always be used may one day be inaugurated in a country as a means of transaction. So bitcoin will always be used from now until the future.
But if it happens the possibility of bitcoin prices will drop dramatically. Because if no one buys bitcoin market interest will go down and affect the bitcoin price.
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FRJ
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Merit: 15
The Worlds Most Advanced Distributed Computer
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March 27, 2018, 06:12:02 AM |
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I think if people stop purchasing bitcoin then Bitcoin will not exist in the world because Bitcoin is not trading, I do not think there is any cost to Bitcoin because I think there is no scope to stop buying and selling. , But yes I believe too When Bitcoin's purchase and sale will not stop, so that bitcoin will never stop. Bitcoin will live in our lifetime for as long as the world will remain, it is normal,
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HellDiverUK
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March 27, 2018, 06:13:37 AM |
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What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
The the price of bitcoins in the market will keep on decreasing since no one is already interested on investing in it. The price of bitcoins is always depending on the supply and demand and the reason why it is dumping because there's too much supply. it is now very low demand but in my opinion there is a reason behind why people buy or sell it as it is today. there are many influences that make the price decline |
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lixer
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March 27, 2018, 06:56:28 AM |
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If there is no demand then the price will go to 0$ but as mentioned above, that's unrealistic and impossible to happen.
I agree with you, bitcoin is a strong and big name in crypto currency world and first comes up in mind when we say crypto currency. The demand of the bitcoin has remained an issue for almost all the people who have ever invested in the bitcoin in many ways, there was a time when the demand was very high with very minute supply and now the demand is not that high comparatively. One thing is guaranteed that the demand of the bitcoin will never vanish and the credit goes to the management team because whenever there is some issue in the bitcoin, it is not only solved immediately but also other remedies are also done with that. |
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