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Author Topic: If people stop buying bitcoin  (Read 7153 times)
Chrisjay29
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March 10, 2018, 10:40:28 PM
 #861

I think if people stop buying bitcoin. Bitcoin will be die and but i dobt know if the other coin will be die. Because they said if bitcoin will die all coin/token also will die. But its not gonna happen. Because bitcoin investor and user are growing faster than we expect.
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syntac
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March 10, 2018, 10:52:41 PM
 #862

In what case did everyone stop buying bitcoin, was it because of a very serious issue like doomsday or something else?
If everyone stops buying bitcoin then most likely the bitcoin price will fall to $ 0 value. Of course the incident will result in altcoin prices are also destroyed, everyone will surely switch to the currency or gold that still has value.
SaShiRaJaVu
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March 11, 2018, 09:31:10 PM
 #863

If people stop buying bitcoin, the price of bitcoin will always on sale so the people will buy lot of bitcoin and of course the demand will go high.
It was funny to begin with,contrasting things being said here,how come people will stop buying bitcoin and then there will be a demand. Tongue
Jokes aside,it is not possible to see a scenario like that,for everyone to ignore bitcoin all of a sudden,i am not going to tell anything further because it is just a dream that wont happen.
leonardian_project
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March 13, 2018, 11:17:30 AM
 #864

There will be lots of drama, people who have heavily invested their <abbr rel="tooltip" title="Currency that a government has declared to be legal tender, but is not backed by a physical commodity. For example the US dollar, the Euro and almost any other country related currency you can think of.">fiat</abbr> currency into Bitcoin will lose lots of money, and then development will begin on the next big crypto-currency.
mankind server
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March 13, 2018, 11:20:51 AM
 #865

I agree I think it will ever happen realistically, but there's a dispute between buying it and using it, so a person mortal who owns an amount of it will probably avoid using or "spending" it if he believes it will continue to continue growth in value. Why spend an plus that is increasing in value when you can spend a fiat currency that will only depreciate in value?
IlbiStarz
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March 13, 2018, 11:21:27 AM
 #866

if people stop buying bitcoin then it will decreased the demand of bitcoin in market and as demand is going down then price of bitcoin will automatically start going down and in last if such incident is hold then it will down price of bitcoin to very low. But in reality such possibility of such happening is negligible.
paoeng1
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March 13, 2018, 11:26:20 AM
 #867

I think if people stops to buy bitcoin, bitcoin will come to its end. Because it has no reason why they will have to continue if there no more people who will used it
thompson30
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March 13, 2018, 11:38:22 AM
 #868

It is impossible that people will atop buying bitcoin because its value is still increasing although sometimes it decreased
tushin4
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March 13, 2018, 12:12:06 PM
 #869

It will never happen that people will stop buying Bitcoin as Bitcoin is the most valuable cryptocurrency and day by day it is improving its features. moreover it's price is also increasing and I think in future it will hit 20k $.
TriplexXx
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March 13, 2018, 01:43:52 PM
 #870

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 don't think there is anything that would stop people from buying bitcoins. But if people stop buying bitcoins the value of bitcoin will be next to nothing, of course. The price of bitcoin is based on demand by the people, so if people decided not to buy bitcoin for something then the price of bitcoin will fall.  
BruceWee
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March 13, 2018, 01:54:02 PM
 #871

If people stops buying bitcoin there will be a possibility that bitcoin will die, the value of bitcoin may decrease and all of a sudden it may lose its popularity and die. Other cryptocurrency can replace bitcoin, it will be a big impact if a large percentage of people starts to hate or not to buy bitcoin because it will lead to the negative image of bitcoin and the lack of support to bitcoin.
conected
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March 13, 2018, 01:54:12 PM
 #872

if people stop buying bitcoin then it will decreased the demand of bitcoin in market and as demand is going down then price of bitcoin will automatically start going down and in last if such incident is hold then it will down price of bitcoin to very low. But in reality such possibility of such happening is negligible.
- The price of bitcoin down very low would be a bad thing for anyone who has invested time and money into bitcoin, the loss will be huge, we will lose our present life and become poorer, even unemployed, I believe we would never want to see that happen. And as you say, this will not be possible because the demand for bitcoin is constantly increasing, it still attracts a lot of people around the world, plus the contribution of the whales, they will never let the bitcoin fall and no one will buy, they will always find ways to help bitcoin grow


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Maryverycool
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March 13, 2018, 01:57:25 PM
 #873

you can't just ask these "what if" questions without putting a little thought into it!
for example why would every single person involved with bitcoin decide "at the same time" to not buy bitcoin anymore at any price?
If your hypothesis is true and no one buys bitcoin, then bitcoin can't flow, and its value will soon become 0. But I don't think it will happen. There are a lot of people trading bitcoins every day.
JonCryptoHack
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March 13, 2018, 02:07:21 PM
 #874

The current market of bitcoins is extremely volatile. Fear, uncertainty and doubt all too often emerge in the community of miners. If they even have a hint that bitcoins can become illegal, that they can be hacked, infected with a virus or somehow damaged the system, the price will fall catastrophically, because people in a panic will want to sell them as much as possible. People will be to sell bitcoins without hesitation, if they lose faith in them. Having no clear idea of ​​where Bitcoin is going, investors can not count on anything and believe in anything. Bitkoinu will collapse.
think3214
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March 13, 2018, 02:08:05 PM
 #875

If people stops buying bitcoin there will be a possibility that bitcoin will die, the value of bitcoin may decrease and all of a sudden it may lose its popularity and die. Other cryptocurrency can replace bitcoin, it will be a big impact if a large percentage of people starts to hate or not to buy bitcoin because it will lead to the negative image of bitcoin and the lack of support to bitcoin.
But I think that if people stop buying Bitcoin, other altcoin will no longer exist in the market Cryptocurrency. At this point, the Cryptocurrency market will be shattered. Bitcoin is the leading digital currency today, although there are many other altcoins out there with more useful features than Bitcoin, but the Bitcoin brand has deepened the hearts of many investors. And they will never stop buying Bitcoin as you think.
jhezmark
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March 13, 2018, 02:10:05 PM
 #876

If people stop buying bitcoin the price of  bitcoin will be low. Some people wait the price of bitcoin going down and then they buy and they wait to the bitcoin price will high and they sell.There is no buyer the demand will fall down.
keziakusayang
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March 13, 2018, 02:22:16 PM
 #877

of course bitcoin will no longer be valuable if there is no demand to buy.
But it is very unlikely that will happen because now more and more people are investing in bitcoin.
Amelial
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March 13, 2018, 02:25:50 PM
 #878

If people.stop buying btc so.btc can not.growing up.and.survive
Xising
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March 13, 2018, 02:26:45 PM
 #879

I agree I don't think it will ever happen realistically, but there's a difference between buying it and using it, so a person who owns an amount of it will probably avoid using or "spending" it if he believes it will continue to increase in value.  Why spend an asset that is increasing in value when you can spend a fiat currency that will only depreciate in value?

I guess reality of it happening is one question, but if it has a possibility is another. Insofar as this market is concerned, I think anything can happen, including Bitcoin losing its value if no people would actually transaction or do business with it; however, in this world where people always seek for something that could enrich themselves while doing something basically easy and not that time consuming, I think that the chance for Bitcoin, or cryptocuyrrency, in general, not receiving any support through a radical "zero" transaction rate is not possible. I think that as this market would more and more prosper, then it would be more likely for people to embrace it and explore the market, and in turn, would help it grow.
milandres0207
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March 13, 2018, 02:26:58 PM
 #880

I don't think that it would happen someday, but uf so, maybe the value of bitcoin will be stable and if they change their price, maybe it will too long of waiting. But i know thatvit won't happen.
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