If Nobody Spends Bitcoin, Has It Still Succeeded?

[BlackHatCoiner]

It has succeeded, because that's what hard money is about. Why spending the hardest asset on Earth when you can just dump depreciating fiat?

On top of that, add the capital gains tax which essentially forbids anyone from accepting it as a currency, and there you have it. Gold 2.0.

[Frankolala]

Do you know that no one will hodli bitcoin forever. I believe that if majority of people adopt bitcoin and they didn't spend it, it means that bitcoin has already successful because that's what makes it popular. Large adoption will increase the price. I don't believe that nobody is using bitcoin for every day transaction. Some are using it to preserve their wealth. Why will I spend bitcoin and keep Fiat, it means that I don't understand the value of bitcoin.

[snowpega]

If Nobody Spends Bitcoin, Has It Still Succeeded?
...
If Bitcoin is widely owned but rarely spent, has it fulfilled its purpose—or evolved into something greater than originally intended?

Do you personally spend Bitcoin, or only hold it? What would need to change for you to use it regularly?
...

The direct answer to your question is yes, it will still succeed as a digital gold or asset of the digital market or cryptomarket. Not everyone thinks the same about the prospect, just like you are thinking. There is no doubt that people around the globe are starting to spend bitcoin to buy goods and products. On the other hand, people see the prospect of an asset, investment or a funds-saving source.

That is why for everyone Bitcoin means different things. Also, some people use Bitcoin as a trading asset and by using it, they earn money. So, all these together make it demand more or higher, which in result more people showing more results in it for accumulating more and more as a holder. Well, this is my point of view on this.

[Findingnemo]

If bitcoin becomes an asset for the investors and they chopse to hold and not really want to spend on anything means it deviates from the actual vision but it doesn't mean failed completely. The nature of bitcoin will remains the same the decentralized nature, sent/receive bitcoin without any third party and other such are standout from the centralized system.

[dzungmobile]

If bitcoin becomes an asset for the investors and they chopse to hold and not really want to spend on anything means it deviates from the actual vision but it doesn't mean failed completely. The nature of bitcoin will remains the same the decentralized nature, sent/receive bitcoin without any third party and other such are standout from the centralized system.

Don't worry about that, and honestly I don't know why people feel that is important and fearful about future when everyone will only hold bitcoin.

It will NEVER happen!

Because people are never the same, and in any area exclusively Bitcoin market, people will act very differently. Some hold bitcoins, some trade bitcoins, some use bitcoin for gambling, and the others use bitcoin for payment.

This concern is unrealistic, in my opinion.

[Perfectbaby]

You will always be able to buy bitcoin anytime that you want to buy it, the scarcity will only increase the price of bitcoin in a way it will not still be scarce if referring to how buying and selling of bitcoin, it will only reflect on just the price. People will always be able to use bitcoin for P2P.

That is right and what would increases the price of bitcoin is when lot of people are holding, although we know that there are people who are trading bitcoin on a regular basis but that doesn’t increase the price. Of course demand increase the price meaning when lot of people are holding it back and no much people releasing their own bitcoin, irrespective of that people can still purchase it through any exchange trading platform but yet it doesn’t change anything in the supply of the coin.

[Callido]

Do you know that no one will hodli bitcoin forever. I believe that if majority of people adopt bitcoin and they didn't spend it, it means that bitcoin has already successful because that's what makes it popular. Large adoption will increase the price. I don't believe that nobody is using bitcoin for every day transaction. Some are using it to preserve their wealth. Why will I spend bitcoin and keep Fiat, it means that I don't understand the value of bitcoin.

OP made us imagine exactly what can't happen, if in our imagination it happens then everyone should make peace with it, and yes it has succeeded, maybe not for the actual reason it was created, but we have many holders than those using Bitcoin as payment options. Holders are the ones driven the market all this while.