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kucritt
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November 01, 2017, 02:30:01 PM |
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if people stop buying bitcoin its mean that no buyer in the market and some seller want so drop their price until they got the buyer want to buy bitcoin, of course its make bitcoin price is drop. it hard to rise again
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coinholic
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November 01, 2017, 02:31:53 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.
Let’s say it does happen, then bitcoin value will drop like heck crazy! If no one will use bitcoin, then the demand will stop. Usually, when something is no longer patronized, it loses its value. |
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postokenlover
Member
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Activity: 159
Merit: 10
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November 01, 2017, 02:35:14 PM |
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As long as this market still exists. Now life is back to nineteenth Century, then, I do not think bitcoin will disappear. And it's going to be scarce. Hurry up, my friend!!! Now only a few thousand dollars, I think will soon exceed $10000.
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equator
Legendary
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Activity: 1190
Merit: 1002
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November 01, 2017, 02:49:59 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.
I think the answer is quite simple that if we go with your thought that if all people stop buying bitcoin then automatically the price will fell away and the value will become zero, as who ever is holding will sell it in what ever rate it is so the fall will be very soon. But as everyone one knows that until their is a big bad news the bitcoin wont fall. |
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dewi91
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November 01, 2017, 02:59:26 PM |
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of course bitcoin will die and that like a nightmare, but I think that is difficult to happen because so many bitcoin user in the world and bitcoin most popular now. i hope bitcoin is never die and can survive for a long term..
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Ayiranorea
Sr. Member
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Leading Crypto Sports Betting & Casino Platform
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November 01, 2017, 03:04:55 PM |
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If people stop buying bitcoin, the price might get affected to some extent. It won't end up in a collapse, because in the past when there is very small number of users it got used in few sectors with a decreased value. Now the scenario is different more the usage, increased is the price.
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sonic212
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November 01, 2017, 03:23:04 PM |
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stop buying bitcoin I guess that will not happen, I just think realistically very profitable bitcoin indeed there are times when bitcoin prices go up and down but in my opinion that is not the reason. Consuming is part of the economy because gold or value moves around the economy. That is, I do not think that people will stop buying bitcoin because Bitcoin itself is useful as a technology currency or cryptocurenccy
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ukstar
Jr. Member
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Activity: 436
Merit: 1
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November 01, 2017, 03:28:03 PM |
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People need money and people always buy bitcoin if anyone no need to money those people stop buying bitcoin. We thing it is can't possible because people must take his source of income.
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awaramalik
Newbie
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Activity: 24
Merit: 0
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November 01, 2017, 03:55:04 PM |
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If by chance that there will be no one stop buying bitcoin then it will be totally not usable and no more value than what it was, because bitcoins value or price really determines the demand of the users who owns it. I don't think that it will happen right now and I don't think also that it will be because is the digital gold to be exact on this century in fact if you just hold or reserved it that would be a good asset because the future will lies in to a digital world.
if people stop buying BTC the price of BTC will automatically down and if people buying more BTC the price will be growing up. |
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jems
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November 01, 2017, 04:00:01 PM |
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It's just getting started, there's no reason to leave Bitcoin when everyone believes that Bitcoin will change the banking world.
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Phyton76
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November 01, 2017, 04:11:14 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 stop buying bitcoin, Price of bitcoin will go down as per the representation of supply,demand and price relationship. If everyone would just hold their bitcoin, then economic status will go down. Consuming is part of the economy because the gold or value moves around the economy.Somehow, I don't think that people buying bitcoin because Bitcoin itself is useful as a technological currency or cryptocurrency. |
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stompix
Legendary
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Activity: 2884
Merit: 6294
Blackjack.fun
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November 01, 2017, 04:11:25 PM |
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If there is no demand then the price will go to 0$ but as mentioned above, that's unrealistic and impossible to happen.
Not that easily. They just cut the demand it doesn't mean there is offer. Unless anyone is eager to sell it's coins for 1$ the price will still be at 6000+. For your doomsday scenario the op must add "and somebody decides to sell at 1c". of course bitcoin will die and that like a nightmare, but I think that is difficult to happen because so many bitcoin user in the world and bitcoin most popular now. i hope bitcoin is never die and can survive for a long term..
Bitcoin can't technically die. You need only a cpu miner and a copy of the chain and that is all it takes for the protocol to work continuously like it did when Satoshi was mining alone. That is impossible to happen.As of now Bitcoin is hitting a high peak of its value more than what we are expecting and the demand for this is very high too.Though some instances it dumps or drop, it doesn't mean that it looses its value.Everybody knows its big potential and its useful as a digital currency.
Nothing is impossible, a lot of things that were claimed to be impossible happened in this world. Especially when we talk about crypto this word "impossible" should be banned. The possibility still exists, it is indeed small, it's a number you can ignore but it is there. |
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btcprospecter
Sr. Member
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Merit: 251
★777Coin.com★ Fun BTC Casino!
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November 01, 2017, 04:14:31 PM |
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In the unlikely event that people decide to stop buying bitcoin then the price will go down dramatically as there would be no demand for it.
Miners would more than likely stop mining and transactions would take longer too.
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aa.aep
Member
Offline
Activity: 98
Merit: 10
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November 01, 2017, 04:20:20 PM |
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people stop buying bitcoin I guess that will not happen as long as there is a exchange of goods there are always sellers and buyers. Even a worthless shitcoin is still traded because people are looking for ways to make money from it. You can not just make them stop buying even if Bitcoin is known to have a fatal flaw or start being replaced by something else, and a better one
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learner 7
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November 01, 2017, 05:45:33 PM |
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Capitalization bitcoin has reached 109 billion, I do not think that someone will be rid of bitcoins in terms of long-term investment.
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damrianto
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November 01, 2017, 05:53:50 PM |
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if people stop buying bitcoin..people who do not want to dig bitcoin if he does not want to buy no need, people or humans are not a person, there are many other people who will buy bitcoin, but do not get out of business if you go out of business yes many are disappointed and loss.
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felicita
Legendary
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Activity: 1582
Merit: 1031
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November 01, 2017, 05:56:45 PM |
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why should anyoe stop buying bitcoins ?
i love to pay may hosting and domain bills via bitocin also other interent tranactions i cna make with bitcoin and will allways do with bitcoin.
regards
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nagatraju
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November 01, 2017, 06:10:05 PM |
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it can't disappear without rhyme or reason and people will not stop buying bitcoin... it's the same thing to say "but if people stop buying cars" ... there should be an acceptable substitute for this, but it isn't like this and isn't foreseen
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avilasmith
Newbie
Offline
Activity: 26
Merit: 0
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November 01, 2017, 06:52:57 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 chances of that happening are quite low, this will not happen as a drop in price of bitcoin eventually leads to a breaking news, which would further increase the demand of it, by more people knowing about it and buying more bitcoins. |
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thundercrystal
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November 01, 2017, 06:57:46 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's price became high because it is populated and used by a big group if people. Marketing, trading, selling up to investing. If people stop buying bitcoin, then bitcoin's price will be decreased into the lowest digit. It will be useless if operation of bitcoin will stop. |
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