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Author Topic: If people stop buying bitcoin  (Read 7153 times)
Windbeard
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February 19, 2018, 06:04:18 AM
 #661

In the case of bitcoin, the money supply will grow until 2140, however, since this is a previously described and therefore predictable process, it does not lead to the above-described negative consequences. In July 2016, the premium for calculating the hash was reduced from 25 to 12.5 bitcoins. On the eve of this event, the price of bitcoin has increased significantly, from about $ 450 to $ 750. The price growth stopped when the premium decreased, so it can be assumed that when the arrival of new bitcoins again halves again - probably this will happen in July 2020 - the price of the crypto currency will again jump up. The same should happen in four years.

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indog
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February 19, 2018, 06:04:33 AM
 #662

if no one buys bitcoin it means that no one invests, if there is no investment activity then bitcoin will close, and also all members in this bitcoin will likely lose their jobs, hopefully that does not happen and hope more and more people are willing to invest in this bitcoin hopefully the worries did not happen.

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nightways
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February 19, 2018, 07:05:28 AM
 #663

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.
Would that be impossible to happen maybe if people getting less interest to crypto currency probably price would drop significantly. if less demand for sure price will goes down and it occasionally happen during bear market. but for your question if it is possible to people stop selling its impossible to happen.
Price drop is also not for ever because some time price use to get so high and then at the moment price use to get high again. For bitcoin it is casual and often happening that price increase and decrease but still if we look at price in December price of bitcoin was almost 9k and now it is again 20k so it is just because people trust and buy bitcoin, the more people buy bitcoin the more price increase, so it is quite impossible for people to stop buying bitcoin.
ereme
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February 19, 2018, 07:11:18 AM
 #664

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, demand will decrease. This will reduce the price and then I guess more people will buy. Smiley
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February 19, 2018, 07:13:19 AM
 #665

According to me in real it is not possible that stop buying bitcoin. But if unfortunately such happen that people stop bitcoin then it means bitcoin will lose its demand in market and if demand start falling then price of bitcoin also start falling according to demand. Because price of bitcoin is directly proportional to demand and inversely proportional to supply of demand.
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February 19, 2018, 07:18:02 AM
 #666

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.
Your question is predicated on the wrong notion that Bitcoin is a commodity. Buy and sell! Bitcoin is much more than that. Bitcoin is the vehicle through which the blockchain is driven. It is a system of efficient peer to peer payment, disruptive technology, immutable financial transactions. These are activities that cannot be stopped. That is why bitcoin is what it is, Bitcoin.


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currencydesigner
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February 19, 2018, 07:51:07 AM
 #667

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. people are eager about bitcoin and hard working online for currency ,they not stop buying bitcoin.
Geemy
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February 19, 2018, 08:00:04 AM
 #668

When people stop buying Bitquin, the price will fall to the previous level of 6500, but not lower than this price because this price is the real price for users at this time
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February 19, 2018, 08:11:03 AM
 #669

Why would they even stop buying bitcoin? I am pretty sure bitcoin holders would happily accept discounted prices to increase their bitcoin bag. I am included even. I don't see any reason that will hold people from buying bitcoin.

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AmericanBit
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February 19, 2018, 08:15:55 AM
 #670

If people will not buy it, and loose interest towards bitcoin, it will not exist. That's it.
JeanTracy
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February 19, 2018, 08:17:18 AM
 #671

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 your hypothesis is true, then the circulation of bitcoin will become very difficult, and its value will become larger and larger and eventually become 0. But I don't think that's going to happen.
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February 19, 2018, 08:19:40 AM
 #672

if  it happens follow the group , btc wont be able forever

howlong358
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February 19, 2018, 08:20:57 AM
 #673

Its very unrealistic that btc will back to 0$ but if it will happen all we need to do is to move-on. I will give you advice so that your heart and mind will not break if btc will collapse. don't invest on money that you can't afford to lose

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mr.bitcoin2k17
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February 19, 2018, 08:47:46 AM
 #674

Why this should happen? it must be the reason, but i dont see it now
Bdstar
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February 19, 2018, 09:05:55 AM
 #675

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 then the market volume will be a low rate and people would be discouraged to invest in this platform anymore. When the market volume will be low then the price also be affected by this happening. But it will not be harmful to this platform Because day by day BItcoin platform is becoming a popular and acceptable around the world.
21millionsbtc
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February 19, 2018, 09:14:33 AM
 #676

Bitcoin is with limited supply as long as demand is there for bitcoin people keep buying bitcoin for sure no matter how the price speculative high or low
haxker007
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February 19, 2018, 09:21:19 AM
 #677

If people will not buy it, and loose interest towards bitcoin, it will not exist. That's it.
On the off chance that people would quit buying BTC possibly creating new BTC would be in stuck I mean BTC would stuck it would essentially implies that BTC would recover again its esteem little by pretty much nothing. In any case, its drawback BTC advancement would be some way or another ceased in light of the fact that buying BTC is one of the route for BTC to be famous.
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February 19, 2018, 09:38:56 AM
 #678

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.

All the altcoins value are based on bitcoins so if people will stop buying bitcoins then all the cryptocurrency will also gone as well, as long as there are investors, cryptocurrency will just continue to grow and the future will also be depending on the people if they will be still interested on investing.

wasaisi
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February 19, 2018, 10:12:11 AM
 #679

The people that dump it will buy it back at a higher price, that will happen. Cryptocurrency will just continue to grow up and will also be depending on the people. So it is quite "i will not trust" for people to stop buying bitcoin.
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February 19, 2018, 10:14:37 AM
 #680

It will not happen anymore because people wants to buy more bitcoin. They are sure that there will be growth and expect a huge and easy profit.
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