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Cranidos
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November 03, 2017, 11:02:42 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 scenario is just "if people stop buying" and not "stop using" so Bitcoin will still be usable even though no one is buying. However, since there is no one willing to buy some Bitcoin, then the demand will decline and the price along with it. That might trigger the beginning of Bitcoin's end and who knows what happens next. |
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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redsun114
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November 04, 2017, 06:24:31 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.
If people stop buying bitcoin, that would be the end of everything. The entire Bitcoin market will come crashing down to the ground. Can you imagine a scenario where someone is trying to sell something that people do not want? That something he is selling will be of no value and he would eventually throw it away. That will be what happens to bitcoin is ever the situation you are thinking will occur. But I don't think it will ever happen. Well I think there can be some reason that people will stop buying bitcoin it’s very clear that bitcoin is not like other crypto bitcoin is last man standing in crypto world so bitcoin know how to attract people and world toward itself it’s going to change his price every day so people are really enjoying with bitcoin so there is no chance that people can stop buying bitcoin. |
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justspare
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November 04, 2017, 06:53:16 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.
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. I think people cannot stop buying bitcoin because they know that it is the only quick and easy method to become rich in very short time. All what required is wise investment in some promising projects in order to secure future it is helping people to save time and connect with people all around the world. It is a type of global village. |
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Siren
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November 04, 2017, 06:56:56 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.
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. I think people cannot stop buying bitcoin because they know that it is the only quick and easy method to become rich in very short time. All what required is wise investment in some promising projects in order to secure future it is helping people to save time and connect with people all around the world. It is a type of global village. I think there was a news that one trading platform has like thousands of new users coinciding with the bitcoin price increase lately. So I guess people cannot really stop buying it eventhough the price is growing by the minutes. They don't want to miss the opportunity to earn money by trading bitcoin. Others may see it as investment and will just continue to hodl on it whatever happens. Its really now a global phenomena and there is no stopping bitcoin now. |
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adadaorlina
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November 04, 2017, 09:14:31 AM |
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People who currently hold bitcoins would suffer a loss and would no longer hold bitcoin. The miners or investor would go work into another altcoin life would go on.
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Sifat33
Sr. Member
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Activity: 283
Merit: 250
Honesty is the best policy
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November 04, 2017, 09:20:47 AM |
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I think it is impossible.Bitcoin is very important for people life.And everyone will use it.Bitcoin is improving day by day.Bitcoin have a good future.
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sathvik112
Member
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Activity: 294
Merit: 10
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November 04, 2017, 09:34:15 AM |
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If people really stop bitcoin is a wonderful questionable thought.
The economic fact takes place which means when the demand for Bitcoin falls the price of Bitcoin falls automatically.
In this digital world Bitcoin is playing a major role so I believe people never stop buying bitcoin - it also would happen as mith.
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STRAKS
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November 04, 2017, 09:52:04 AM |
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The chances of that occurring is extremely low. We are at a point of no return here, where I simply cannot see Bitcoin losing its momentum. Bitcoin is known by everyone around the world and as they grow more confident in Bitcoin as an alternative to traditional investment opportunities or as their "bank" for that matter, Bitcoin's price will keep soaring.
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Mizan007
Newbie
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Activity: 42
Merit: 0
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November 04, 2017, 10:17:34 AM |
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At the moment people buy more and more bitcoin because now bitcoin is always increasing. After this year maximum people see profit who invest bitcoi .
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fabrizoc
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November 11, 2017, 06:28:35 AM |
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At the moment people buy more and more bitcoin because now bitcoin is always increasing. After this year maximum people see profit who invest bitcoi .
Surely people will not stop buying bitcoin, because it is not only becoming worthy but is also providing people to earn more and make their life comfortable. It is helping people to overcome their poverty and unemployment by getting into bitcoin. It is quick easy and rewards with multiple benefits. Soon countries will also legalize it due to its qualities |
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Palider
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November 11, 2017, 06:41:17 AM
Last edit: November 28, 2017, 12:32:23 PM by Palider |
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At the moment people buy more and more bitcoin because now bitcoin is always increasing. After this year maximum people see profit who invest bitcoi .
Surely people will not stop buying bitcoin, because it is not only becoming worthy but is also providing people to earn more and make their life comfortable. It is helping people to overcome their poverty and unemployment by getting into bitcoin. It is quick easy and rewards with multiple benefits. Soon countries will also legalize it due to its qualities If people stop By buying bitcoins the price of bitcoins may fall. Because everyone is selling it will definitely fall and will result in the slowdown of demand for bitcoins. But as I see today it is less likely because bitcoins are already used to buying online stores and others that usually fiat money is paid. So we expect that the price of bitcoins will continue to increase In the coming years. |
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BossMacko
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November 11, 2017, 06:52:29 AM |
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If people stop buying Bitcoin the only reason why they are doing that is because Bitcoin price is very low. But this one will not happen yet because if you will check the price of Bitcoin now it is still high and that price makes people trust, believe and invest in Bitcoin more.
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imamimam1234
Full Member
Offline
Activity: 316
Merit: 101
The Winner Stands Alone
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November 11, 2017, 07:14:21 AM |
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if people stop buy and you have many keep it and pray to something or someone that miracle is real or the worst way sell it all. after that don't lose hope and faith, it's time to move on, go buy alt crypto that have big value or rate start over from zero. CMIIW  |
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dvabit
Member
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Activity: 294
Merit: 22
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November 11, 2017, 07:22:20 AM |
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the price will leads to 0
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dettihegedus
Member
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Activity: 237
Merit: 10
Borderless for People, Frictionless for Banks
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November 11, 2017, 07:27:55 AM |
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As soon as everone stop buying bitcoin, the bitcoin market will stood still, and the supply over the demand makes bitcoin price drop to bottom, that for free, because no one need bitcoin anymore, bitcoin will soon die in just few days.
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endlasuresh
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November 11, 2017, 07:33:30 AM |
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the price will leads to 0
Yep, There are more people who are looking to buy when the price goes around $4000. so it will never happen in life. |
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qwertyup23
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November 11, 2017, 07:41:51 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.
In the event that investors would no longer purchase bitcoins and people would no longer buy bitcoins, slowly, this would make bitcoin's value less volatile, resulting to a decrease on its price and ultimately being non-existent. Though this may seem possible, in reality it is very impossible considering the price of bitcoins on the market is absolutely high. Also, some countries are starting to accept it as alternative payment, which further increases its place in terms of hierarchy against other cryptocurrencies as well. |
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DaWidyaa
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November 11, 2017, 07:50:55 AM |
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I hope it will not happen, maybe when people do not buy bitcoin anymore there must be a reason, maybe the price drops very drastically or else. in my opinion it will not happen.
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Tipsters
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November 11, 2017, 08:58:40 AM |
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The value of bitcoin will never become zero. People may stop buying bitcoin but that doesn’t mean that the value of bitcoin will become zero. Do sellers want to sell their bitcoin for zero dollars? Of course they won’t do that. If people really stop buying bitcoin, then bitcoin will remain as a digital currency. Being a digital currency is actually the reason why bitcoin was made. There’s no problem if no one will buy bitcoin.
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Karakyli
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November 11, 2017, 09:05:47 AM |
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Crypto currency does not have any way of providing, like ordinary money. Its value lies only in the demand for it. Therefore, if all people refuse to buy bitcoin, it will depreciate to zero and will not be needed by anyone. However, this scenario is almost impossible.
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