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Tavarez
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January 11, 2018, 03:56:06 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.
If people stop buying bitcoin it will face some consequences like price drop but ultimately it will never die out. We have now Korean "possible ban" affecting the btc value but hype by the end of the 2017 is finished. We all need patience to wait for another wave (with hype and new people interested into crypto price will surge up). |
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Radnie
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January 11, 2018, 04:05:32 PM |
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Obviously bitcoin will feel the drastic drop in value if the people stop buying on it.
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curry101
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January 11, 2018, 04:16:19 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 that happens, the value/price of bitcoin will drop and there no one will use bitcoin. And if bitcoin will not be in demand that causes bitcoin lose its value. But i think it will not happen. |
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Ochakemaput
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terra-credit.com
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January 11, 2018, 04:20:16 PM |
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if people stop buying bitcoin I think the price will go down, because demand is smaller, bitcoin may die if people stop buying bitcoin, hope it does not happen and it seems like a very small possibility to happen, but nothing is impossible
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jaggijagjit
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January 11, 2018, 04:21:28 PM |
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It is not possible that everyone stop buying bitcoin because if someone stop buying it, some new guys comes as buyer. If people stop buying bitcoin, how this crypto currency market survive as bitcoin is heart of it.
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xebecstyx
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January 11, 2018, 04:22:18 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.
I agree. I think the law of supply and demand has proven that when demands dwindle down, the saturation of the supply in the market would make the product lose its value. That concept could be adapted with bitcoin as well. I think in the event that people would stop buying and patronizing bitcoin, it would slowly go down in value, until the time when it will die out. That's basically what happened with several altcoins during the time when bitcoin was surging. |
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strongpic
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January 11, 2018, 04:28:09 PM |
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I think that's impossible, because bitcoin is used for many purposes and so many people need it, so the thought is so distant.
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henryfekok
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January 11, 2018, 04:42:55 PM |
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If people stop buying bitcoin actually them not trust bitcoin,,,
If that happen so bitcoin will be die the future.
But looks image now bitcoin to be long the future.
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newgal2017
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January 11, 2018, 04:44:14 PM |
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It is obvious that in every industry or businesses out there that when the demand is low the the value of the supply also goes down, the law of supply and demand. If people stopped buying Bitcoin of course it will reach its rock bottom value and won't be able to operate anymore unless people make involvement with it again. But, with the rave and hype Bitcoin receives today, I think its not yet possible for it to die and disappear unless the government would do something about it though.
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venkateshbk9535
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January 11, 2018, 05:14:30 PM |
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It will Never happen because demand is more than how people will stop buying Bitcoin. It is not possible. Incase it may done means then Bitcoin will die.
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jonruhoax
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January 11, 2018, 05:31:58 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 guess, with your ranking you will not ask a very easy question for yourself to answer. in logic, if we all know, the goods are outdated and unworthy of purchase, surely the goods will be put aside. is not it? but unlike bitcoin, the market provides buyers and sellers. this is a fact and will continue in the coming year. |
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focmere
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January 11, 2018, 05:33:13 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 would simply go down, because there is no more demand. This is how things work, it's that simple. |
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MoneyCrafter
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January 11, 2018, 05:36:18 PM |
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I dont think so that its stoppable now. People do not cease to participate trading on stock exchanges, everything is the same here.
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Ayush rana
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January 11, 2018, 05:50:53 PM |
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If no one buy bitcoin then this crypto currency will become useless because there will me no customer in the market.
Even the value of bitcoin will decrease and the investors will face a big problem and get a huge loss.
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darshansetty
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January 11, 2018, 05:56:12 PM |
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If the people stop to invest in the bitcoin the price may get low but I don't think that people will stop investing on the bitcoin because this is the only platform where the people will get highly profitable
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Irvinn
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January 11, 2018, 06:06:38 PM |
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If people stop buying bitcoin, demand for it will drop completely and bitcoin will immediately depreciate. While this development is impossible. Bitcoin has a steady demand, it just fell a little because of the accumulated shortcomings of bitcoin. However, a very sharp drop in demand for bitcoin is not expected in the near future. And what will happen next, time will tell.
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oaz7t
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January 11, 2018, 06:15:41 PM |
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If people suddenly stop buying bitcoins the prices will crash down pretty bad and the value of bitcoin going back to what it was earlier
Bitcoin prices have been rising due to the high demand and many people buying and investing it
It will only be a source for money transactions and nothing more
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Jltan
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January 11, 2018, 06:20:36 PM |
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It is simply a supply and demand question. If no one is there to buy when so many people wants to sell, price will surely drop. But seriously if there really come a time where bitcoin drops back to $1000, will you laugh at it or frantically buy it?
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BitcoinPanther
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January 11, 2018, 08:50:21 PM |
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It is simply a supply and demand question. If no one is there to buy when so many people wants to sell, price will surely drop. But seriously if there really come a time where bitcoin drops back to $1000, will you laugh at it or frantically buy it?
I definitely agree. If no one wants to buy bitcoin, bitcoin will automatically become worthless and if you are holding lots of it, you will be bagholding worthless shitcoin called Bitcoin  . It is a common sense that if no one is buying an item, it is automatically of zero worth though I hope this will not happen to Bitcoin. |
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SummonKing2
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January 11, 2018, 10:22:00 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.
When they stop buying a bitcoin I will overwhelm what happens. but according to what I read you did not buy a bitcoin for many reasons. like this, Bitcoin is extremely volatile.Whenever it goes down, a lot of traders in the Bitcoin community are crying out “HOLD, LET’S ROCKET TO THE MOON”. Whenever it climbs, the same traders cash out — protecting their profits by being loud-mouthed. |
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