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Author Topic: If people stop buying bitcoin  (Read 7153 times)
shadowdio
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November 02, 2017, 01:49:38 PM
 #121

of course it will $0 value of bitcoin then people will jump other cryptocurrencies, maybe ethereum will booming the price not just only ethereum but the altcoins also will increase the price. Ethereum will be known the mother of all coins if that happens.
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Hobo66
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November 02, 2017, 01:55:43 PM
 #122

If people stop buying bitcoin nothing will happen, but if people start
selling bitcoin buy the bulk the price will fall greatly to its doom.
their is another but!, It is very hard because new user are buying bitcoin every day.

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howtobuy
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November 02, 2017, 01:57:22 PM
 #123

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.

There is one characteristics of all markets - when market is going up it attracts even more people to buy. When sentiment changes - there is drastic fall. So if people would stop buying then many would most probably sell   
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November 02, 2017, 02:11:59 PM
 #124

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.
it mean bitcoin is not sold.
bitcoin is worthless, because no one to buy it. but we can keep until some people or organize need again.
as long bitcoin vacuum from this world, other coin will replace the number one.
Smoothmazi
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November 02, 2017, 02:19:20 PM
 #125

Every commodity follows the supply and demand rule, Bitcoin is no exception. The fact remains that currently people are buying Bitcoin based on speculation hence the upward movement.

cybersofts
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November 02, 2017, 02:50:33 PM
 #126

I don't think it will happens. There is no reason. The demand is high and will be high too as day by day more people know bitcoin and its potential.
If what you said happens, price will fall as demand is lower than supply. But as I mentioned it never happens.
Not quite possible... it is like people stop exchanging their local currency for USD, EURO or POUND.
Let's pretend that happens, whenever the people stop buying bitcoin the only thing that will happen is drop in the bitcoin price.
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November 02, 2017, 02:56:31 PM
 #127

as long as bitcoin is still comfortable to use, easy to buy, easy to sell and easy to transact, I guess people will not stop buying bitcoin.
Koadharber
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November 02, 2017, 03:06:44 PM
 #128

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.
If no one would buy bitcoin or the demand is completely gone then expect price would stabilize for sure since demand is already gone and the supply is keep on filling up.Then its just really a matter of supply and demand thing but seeing on the current situation of bitcoin then it is nearly impossible because the demand is too high as of now which causes the price to rise up as the years goes by.
fishbonez11
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November 02, 2017, 03:07:14 PM
 #129

If there is no demand then the price will go to 0$ but as mentioned above, that's unrealistic and impossible to happen.

True. If no one will be interested into buying bitcoin anymore, then the value will gradually drop until it reaches $0. All bitcoin everyone acquired in their wallets will be as good as stone - nice to have worthless cluttering stones. But as mentioned, it is unlikely to happen because what are the odds that each and everyone will suddenly decide not to use bitcoin anymore, right?
DBronze98
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November 02, 2017, 04:55:06 PM
 #130

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.
If no one wants to buy bitcoin. The bitcoin price will be reduced to the bitcoin and the final price of $0

Lalafell
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November 02, 2017, 05:02:50 PM
 #131

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.
I think if they stopping buy bitcoin the price will dump and I think it has negative effect in bitcoin industry and on bitcoin community. In addition to that, if people stop buying buying bitcoin the price of bitcoin will drop to $0 dollars and bitcoin and I think it would be the end of bitcoin.
tigan_gangmei
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November 02, 2017, 05:03:30 PM
 #132

Bitcoin is becoming more popular in Zimbabwe and Venezuela as there is hyperinflation in their fiat currency. So people won't stop buying Bitcoins, instead, demand will go up.  

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November 02, 2017, 05:18:56 PM
 #133

I think that is impossible since bitcoin is surviving a lot of years now and even it dumps, people will be taking advantage of that dump and use that to earn a good profit.How will the market value react to it, people wanting to sell bitcoin but there is no one to buy. You couldn't just make them stop buying even if Bitcoin was known to have a fatal flaw or started to be replaced by something else, better.

It impossible to happen, because a lot of people getting interested to bitcoin and become popular now. And if people stop buying bitcoin maybe this is the reason why the price of bitcoin is sometimes down but mostly up.
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November 02, 2017, 05:25:15 PM
 #134

definitely, Bitcoin price will go down if there is no purchase,
but cannot be sure also its price will go down could be its price will remain,
which surely this is difficult to answer if never happened, a
nd surely this will never happen, lol Cheesy

panganib999
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November 02, 2017, 05:32:13 PM
 #135

I don't think it will happens. There is no reason. The demand is high and will be high too as day by day more people know bitcoin and its potential.

If what you said happens, price will fall as demand is lower than supply. But as I mentioned it never happens.
If you are going to look at the current price of bitcoin , we could close our mind on thinking to the possibilities that people would stop using Bitcoin at some point. Bitcoin is literally the future money in terms of transaction, investments and business world so it may be a hard thing to stop using Bitcoin. Becasue people earn through it and make a transactions out if in a faster and more reliable way.
Shah112233
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November 02, 2017, 05:33:21 PM
 #136

No . There are very low chances of it . Bitcoin is the future of currency. It can not be eliminated from this now. Day by day bitcoins are taking the World !
khan149
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November 02, 2017, 09:10:17 PM
 #137

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.

I think it's never possible.As the world progresses, people's interest in Bitcoin is growing as much.Bitcoin payments are offered to many big markets.Bitcoin payments are offered to many large markets.There are many people who buy Bitcoin without depositing the bank, for their future.
blackr15
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November 02, 2017, 09:27:24 PM
 #138

if people stop buying bitcoin I think loss if he did not buy BITCOIN, because it is clear that BITCOIN is very satisfactory profit generated,

therefore I since yesterday bought BITCOIN 0.3 because I know BITCOIN at the beginning of the year will rise even higher ...
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November 02, 2017, 09:37:13 PM
 #139

It's like asking what will happen if people will stop buying gold, It will just lose its entire value cause with no demand there's not price.
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November 03, 2017, 08:45:17 PM
 #140

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.

If that's happen bitcoin will be forgotten for ever. Why people will stop buying bitcoin? there are some reason why people will stop buying bitcoin like if the government announce that bitcoin is illegal or if government will banned bitcoin worldwide this will be the reason to stop us from buying bitcoin..
Try not to be stressed over the general population since it is outlandish that individuals will quit purchasing the bitcoins on the grounds that everybody on the planet jump at the chance to have increasingly benefit and its regular and every one of the general population realizes that the costs of bitcoins are going increasingly elevated quickly that is the reason individuals are purchasing bitcoins however much as could be expected that is the reason its unthinkable that individuals will quit purchasing bitcoins.

IBMINER DONE A GOOD JOB. I learned a lesson from him. He gave me negative trust just because i was dealing with account seller. To buy an account.
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