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retnoanjani
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February 09, 2018, 07:14:59 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.
If people will stop buying bitcoin then the value of cryptocurrency over all in the market will decrease since every altcoins value is base on bitcoins. I do not think that it will come to the point that people will stop on buying bitcoins because it was very profitable, just hope for the bright future of bitcoins so everyone will become wealthy at a younger age. You are right, after all the chances are very small, let alone cryptocurrency increasingly popular. The significant price reductions during this time are often influenced by issues of legality, and bad news about cryptocurrency, but most people who believe in the future of cryptocurrency will survive. Supply and demand will continue to change, although many people stop buying cryptocurrency and prices fall, it will recover soon. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Minionnn
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February 09, 2018, 08:05:47 PM |
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Bitcoin exists and grows thanks to the need of human use. If one day people stop buying bitcoin then I think it will end up back to $ 0. But that will never happen as the bitcoin community is increasing, the need to use and invest in bitcoin is increasing. I think bitcoin will recover and develop strongly.
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ShadyMash
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February 09, 2018, 08:16:25 PM |
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i think the price of bitcoin depends on supply and demand.if people stop buying bitcoin supply will increase and price will fall.then it will be the end of bitcoin.so far the people who interesting in bitcoin increasing day by day.so still the supply of bitcoin is too low.so the price is increasing.i hope the demand will become high for bitcoin because digital currencies are the next revolution.
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teejayrichard2
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February 09, 2018, 08:22:49 PM |
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in as much as it is impossible for people to stop buying bitcoin as it has grown so much potential that people desire it for so many reasons but if such a situation presents itself that people stop buying bitcoin,then it will be a major loss to all bitcoin investors.
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tot-o
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February 09, 2018, 08:30:36 PM |
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If people stop buying then people might start thinking on how to use their BTC as money online, I mean its like money also that needs to circulate, perhaps establishment considering BTC as payment instead of fiat, but it is only around 5% that people will stop buying it.
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Socioman
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The revolutionary trading ecosystem
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February 09, 2018, 08:45:20 PM |
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It's strange to see how, under such a simple question, which everyone has already discussed more than one hundred times, so many commentaries have accumulated. Apparently people write just to write) Closed circle  |
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divyasdm11
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February 09, 2018, 09:01:29 PM |
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I think, if people just stop to buy bitcoin , then it will go very down may it will reach 0$.it already went down because buyer's are reducing day by day. People must see Bitcoin, like a currency to continue the trade.
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1dpf1
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February 09, 2018, 09:32:08 PM |
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the peole olways goes to buy btc
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tabas
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February 09, 2018, 10:47:32 PM |
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I think, if people just stop to buy bitcoin , then it will go very down may it will reach 0$.it already went down because buyer's are reducing day by day. People must see Bitcoin, like a currency to continue the trade.
That's the reason why the price is moving downwards and if people will continue to stop buying then there will be a massive crisis for the bitcoin economy. We have seen the effect from the people who are afraid to buy bitcoin because of the FUD and that pulled down the price of bitcoin. Just think that there's only a FUD but many believed to that and they stopped buying bitcoin. |
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Gabb
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February 09, 2018, 11:38:40 PM |
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Bitcoin has reached such a level of popularity among crypto enthusiasts that there is no way that people suddenly lose interest in continuing to buy it. And given that the buying and selling of bitcoin is peer to peer, there is no prohibition that can prevent individuals from carrying out the transactions that suit their interests. It is true that this interest in bitcoin could eventually decrease, but there will always be someone willing to buy bitcoins whether it is worth a million or a cent.
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maaydin
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February 09, 2018, 11:39:26 PM |
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if there is not any demand and people just stop buying btc it means that the btc has been valued as zero and is not an asset anymore which makes money so it would become nothing.
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tisoysoy
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February 09, 2018, 11:51:09 PM |
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if there is not any demand and people just stop buying btc it means that the btc has been valued as zero and is not an asset anymore which makes money so it would become nothing.
I agree, bitcoin will totally end if ever this could be happen because if there's no invertors and new investors to invest on it then like what you've said bitcoin will going to zero value and all crypto will possibly done also. |
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imoet
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February 09, 2018, 11:57:33 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.
Bitcoin also depends on the demand. So, if people just stop buying bitcoin, bitcoin will become end. But I am pretty sure such as thing like that will not happen. Bitcoin already get so much believe and attention from so many people in all over the world. |
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Mr. Legendaris
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February 10, 2018, 12:09:57 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.
Bitcoin also depends on the demand. So, if people just stop buying bitcoin, bitcoin will become end. But I am pretty sure such as thing like that will not happen. Bitcoin already get so much believe and attention from so many people in all over the world. True, as long as there is demand, bitcoin will always be there, I'm sure bitcoin will be used as long as the value bitcoin like now, everyone has felt the great benefit of getting big profit or feeling that bitcoin transaction is very practical compared to using bank services. |
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GolemTrader
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February 10, 2018, 12:22:57 AM |
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The price of bitcoin is based on many factors but probably the most important one is the fact that people are willing to accept it as a currency/ continue to buy and sell it. If no one bought the currency then obviously the currency would die because it would have no value in the eyes of people even if a computer screen shows a value of 1000$. Price is directly related to demand.
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colvis
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February 10, 2018, 12:35:23 AM |
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there is no how that Bitcoin can stop trading as far as there is use of internet people must definitely make use of it.
but if paraventure it stop trading it will only affect the prize remaining standby but it cannot reduce the prize
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JoseJoseJose
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February 10, 2018, 12:48:04 AM |
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We cant just predict the situation few months from now. We are only creating panic to people. Can we just wait on what will happen to bitcoin and stop posting or questioning stuffs that will make useless ideas.
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popoypalaboy03
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February 10, 2018, 12:50:35 AM |
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Is this a problem?
Not at all, if it becomes unprofitable people just turn the kit off, the difficulty gets slightly easier as less people are mining so equilibrium is restored.
Basically if everyone on earth stopped mining, then 1 person could be the only miner and it would be very easy to mine. The system works itself out naturally. There is no need to fear about miners stopping.
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19faraon88
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February 10, 2018, 12:58:26 AM |
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If people stop buying bitcoin, the price of it will reduce. This is the effect in LAW of Demand and Supply which result the price of a product.
But if people really don't want to buy bitcoin, I think price will not dropped to zero or no value.
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Cholidm
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February 10, 2018, 01:05:25 AM |
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if people stop buying bitcoin then bitcoin sales will decrease the effect of bitcoin prices will come down, this condition is dangerous for the development of bitcoin in the future
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