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Author Topic: If people stop buying bitcoin  (Read 7153 times)
Kiridaya
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November 11, 2017, 09:10:53 AM
 #161

The chance of that happening is very very low because the demand for it now is so high it doesn't seem like it will ever go down.
However, if it does, if the demand lowers its price will lower until it is worth 0$.
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November 11, 2017, 02:55:15 PM
 #162

The chance of that happening is very very low because the demand for it now is so high it doesn't seem like it will ever go down.
However, if it does, if the demand lowers its price will lower until it is worth 0$.

Yeah bitcoin would die if people ceased buying. Its a plain example.of demand and supply and as long as people support btc, its not going to br worthless. This is prettt far from happenning as btc is now enjoying tremendous support

 
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November 11, 2017, 03:41:43 PM
 #163

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 there is a cause then there are consequences, and if you say if people stop buying bitcoin, then there is something that causes it to happen, and I think the greatest possibility is the government forbid the release of bitcoin, but not necessarily altcoin is also prohibited, then what will happen people will sell bitcoin and buy altcoin, and eventually some altcoin will become very expensive, altcoin is very potential to be a bitcoin substitute is eth according to me

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November 11, 2017, 03:51:00 PM
 #164

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 that, if there is no demand the price of bitcoin will become $0 and I think it will vanished. In addition to that, I hope people will contiue on buying bitcoin because it may result to high demand and high price. Lastly, I think bitcoin will die if no one buy or no one use it and I hope it would not happen.
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November 11, 2017, 03:54:40 PM
 #165

If people stop buying bitcoin, then it will never be an asset. People take the price of bitcoin as an advantage that's why it has become an asset. If that actually happens, bitcoin will be worthless. Thus, bitcoin will come back to its original use and that is being a digital currency.

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November 11, 2017, 03:56:26 PM
 #166

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.
its never gonna happen, since bitcoin now is the top leading crypto currency in the market...
Aroshnoor
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November 11, 2017, 04:02:33 PM
 #167

i don,t think about it.but  if people  stop buying so btc never end.i believe all people with together bitcoin buying never stop because many country bitcoin already legal.   
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November 16, 2017, 08:10:01 AM
 #168

i don,t think about it.but  if people  stop buying so btc never end.i believe all people with together bitcoin buying never stop because many country bitcoin already legal.   
Yes it is not possible at all .The buying and selling of the bitcoins could get stopped at once. Actually the thing is that the whole of the exchange market is showing inclination towards the use of digital currencies and most of the renowned sites have inclined towards the only transaction method that accompanies the use of crypto as the easiest method offering you the lowest rates and no extra charged for transferring money over the wire.
Flowzer
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November 16, 2017, 08:14:55 AM
 #169

if people stop buying bitcoin it will impact the loss of bitcoin value that makes the bitcoin price down. people tend to sell bitcoins instead of buying them. because bitcoin prices depend on demand and sales. if the demand for bitcoin is large then bitcoon will be expensive otherwise if the bitcoin price means the number of bitcoin users make a sale.

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November 16, 2017, 08:21:08 AM
 #170

if people no longer buy and do not use bitcoin then bitcoin prices will go down and bitcoin becomes worthless, but that is not possible for now because people who use bitcoin more than in the previous year. I think the current bitcoin price is too expensive
ridwan99
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November 16, 2017, 08:25:47 AM
 #171

it will be not stop buying bitcoin because bitcoin world international traders......
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November 16, 2017, 08:28:03 AM
 #172

If people stop buying bitcoin its price will obviously fall. But that will never happen.
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November 16, 2017, 08:30:26 AM
 #173

First of all this will never happen.
People are eager to buy bitcoins.
Existence of every currency depends on demand and supply.
If any one of these get disturbed or stopped the existence of currency comes in danger.
Bitcoin is a decentralised autonomous currency not backed by any agency.
Its supply is restricted at the time of its birth.
Its price solely depends on the demand and supply by its users.
If people stops buying by any reason then slowly its price will go down and down.
Current holders of bitcoins will suffer heavy losses.
Bitcoin mining industry will suffer badly. Bitcoin will eventually come to an end.
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November 17, 2017, 09:57:19 AM
 #174

I think it has a small chance to happening. but if there are only sellers and no buyers of course bitcoin will not have the price again or equal to $ 0. because  when supply is larger than demand the prices will down.

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November 17, 2017, 09:58:41 AM
 #175

Well, the same thing that would happen with any other currency would happen. But, to be completely realistic it will never happen, because once the price starts going down, people will inevitably buy.

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November 17, 2017, 10:01:41 AM
 #176

Before 2010, if you analyze about bitcoin. It was provided as an giveaway for several purposes starting from marketing to other forms of rewards. Not many people bought it, and later now the change has taken place. Further it got into gambling and other dark web necessity. So, by now even if none buys bitcoin, the value will be found the same.

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November 17, 2017, 11:39:10 AM
 #177

Holders of bitcoin will be lost.The exchange rate wouldn't fare well but bitcoins would just be there in a deep freeze.
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November 17, 2017, 11:46:04 AM
 #178

Price will drop but transaction speed become fast.

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November 17, 2017, 11:54:04 AM
 #179

I do not believe people will abandon her habit, bitcoin will always attract people who want to join her and will give digital money. if bitcoin is not there then there will be other dogital currency him. i think people will not stop just like bitcoin.
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November 17, 2017, 12:19:17 PM
 #180

if people stop buying bitcoins, then bitcoin prices will go down drastically, but it will not be possible.
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