relentless1
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November 17, 2017, 12:24:20 PM |
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Pandora box is open and it can't be easily shut. Forks cant do it, B cash cant, Mt Gox cant, Jamie Dimon cant, China ICO ban cant do it. The network effect has started and more and more people want in which just continues to fuel. People will stop buying bitcoin if the code was hacked. I think theyve tried and for 9 years, nothing. The network can be spammped with fake transactions but to my knowledge, no hacking has happened.
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nuela
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Activity: 145
Merit: 100
Blocklancer - Freelance on the Blockchain
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November 17, 2017, 12:29:24 PM |
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do not ask anyone to stop using bitcoin, better think about what we'll do with the bitcoin in the future, because bitcoin will not just die. maybe the opinions of different people make such questions, maybe such questions are not because we have to answer them.
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btcjocan
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November 17, 2017, 12:30:47 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 then bitcoin will no longer continue to increase its value and there's a tendency that it will keep its valueow until no more value. Just like a certain product, if there's no people who will buy on a certain products of course the manufacturer owner will stop producing it because they will be bankrupt if they will continue producing it without buyers.
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sandwichman1
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Merit: 11
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November 17, 2017, 12:34:04 PM |
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there is a moment when he will stop climbing it's on. but the question is when and why?
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Kim Ji Won
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November 17, 2017, 12:35:44 PM |
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Of course it's price will go down because it all depends on the supply and demand. If people stop buying bitcoin suddenly, then it will result in an increase in supply.But this even is unlikely to happen to bitcoin.
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tommy05
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November 17, 2017, 12:37:12 PM |
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It was unlikely to happen but if what you are saying came true then basically bitcoin will die because nobody wants to use it ! it was just like other deadcoin out there who have many sell order but no one wants to buy even a single satoshi ! buying and selling makes the market active and let bitcoin survive up to this date
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sondrik
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Activity: 59
Merit: 0
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November 17, 2017, 12:38:46 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.
The price of the currency would simply be zero. If there is no offer, there is no demand, and vice versa.
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SIHIN
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November 17, 2017, 12:39:27 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 then the bitcoin price will drop drastically and the possibility of bitcoin will go bankrupt and be replaced by another coin. but so far I do not think that's possible. people still prefer bitcoin than other coins
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Justin Biebers
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November 17, 2017, 12:52:08 PM |
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I stopped ages ago because it doesn't work and there's plenty of projects out there wirh new technologies
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FasTroy
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November 17, 2017, 12:54:52 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 then the bitcoin price will drop drastically and the possibility of bitcoin will go bankrupt and be replaced by another coin. but so far I do not think that's possible. people still prefer bitcoin than other coins You are right, It will absolutely affect the bitcoin price. It will fall so much if people stay away from bitcoin and stop buying it, so then bitcoin will die slowly... and then it will be replaced by another altcoin, but i didn't think that will happen because people believe on bitcoin and they never stop buying it, because they know that bitcoin will have a high potential more than now in the future, It's a big opportunity for them.
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Quidat
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November 17, 2017, 12:59:25 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 then the bitcoin price will drop drastically and the possibility of bitcoin will go bankrupt and be replaced by another coin. but so far I do not think that's possible. people still prefer bitcoin than other coins You are right, It will absolutely affect the bitcoin price. It will fall so much if people stay away from bitcoin and stop buying it, so then bitcoin will die slowly... and then it will be replaced by another altcoin, but i didn't think that will happen because people believe on bitcoin and they never stop buying it, because they know that bitcoin will have a high potential more than now in the future, It's a big opportunity for them. It was just a presumption regarding on this situation to happen but seeing on the current status of bitcoin we would able to say that this thing is really an impossible stuff to happen because there is really a demand of it which do really affects its price to increase in a period of time.When theres a high demand then it would becomes valuable as the time goes buy knowing that bitcoin supply is just really limited. If the situation on where people do stop on buying it then the interest for bitcoin was gone already because theres no demand which means people will really plan on dumping all their coins and switch back into another coin.
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Opurum
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Merit: 102
Just another random pre satoshi crypto freak
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November 17, 2017, 01:03:06 PM |
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To be practical, I can't see anything stoping BTC. The community is stronger than any adversary.
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loreykyutt05
Sr. Member
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Activity: 434
Merit: 250
Free Crypto in Stake.com Telegram t.me/StakeCasino
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November 17, 2017, 01:11:20 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 price of the currency would simply be zero. If there is no offer, there is no demand, and vice versa. I agree no matter how many people sells there bitcoin if there was no demand and people don't want to but it then it has no value at all ! there will be no market interaction that will make the currency dead !
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lasry
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Merit: 10
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November 17, 2017, 01:12:09 PM |
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Simply because most people believe that the value of bitcoin should be higher than this so. If there is a big dip, expect more investor to get their hands on to get price back up and reach a new ATH. the people that dump it will buy it back at a higher price, this always happen lol
BTC will keep rising due to the steady growth of its user base. There is a really worrying issue that must be solved ASAP : the network can process only 4 transactions per second and this is not acceptable for a real-time global payment network. Hope they will fix this without messing up things. Anyway : there will be, probably, a downfall in the next weeks. Early investors are tempted to cash out.
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Kizaki
Sr. Member
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Activity: 413
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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November 17, 2017, 01:17:01 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 price will surely drop until someone wants to buy it. Also, with no user or demand for bitcoin, its market value is basically zero if everyone really dont wants to buy it. But I am sure that it will not happen as bitcoin is super popular over a millions of people around the world.
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lenovo16
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November 17, 2017, 01:26:03 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.
Ofcourse bitcoin is important especially if you have investment here. If people does'nt buy bitcoin the market im sure that bitcoin will fall down. Becaise there are no support coming from the users or investors. And if all of us just hold in im sure would have a huge demand of bitcoin in the market.
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FoxTheHuman
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November 17, 2017, 01:32:05 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 the trader stops buying bitcoin, the bad thing will happen (in fact it can not happen). No buyer that means it will not be able to seller the bitcoin and that is the end of it.
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heureca
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November 17, 2017, 01:35:06 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 it's impossible in fact In theory of course it will be negative issue for BTC: demand for BTC will be 0, so BTC price will fall down.
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cdog
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November 17, 2017, 01:35:48 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 the trader stops buying bitcoin, the bad thing will happen (in fact it can not happen). No buyer that means it will not be able to seller the bitcoin and that is the end of it. yeah right, if people stop to buy Bitcoin then a bad thing will happen to Bitcoin. Bitcoin prices will continue to fall and Bitcoin will die. Bitcoin lives like this because of investors and traders. just look at dogecoin.
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derekeaton
Jr. Member
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Activity: 140
Merit: 1
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November 17, 2017, 01:40:06 PM |
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I can not imagine people stop buying bitcoin in the near future. Perhaps when this happens, the price may drop significantly, although at the same time it will not happen instantly.
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