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Author Topic: If no one spends bitcoin what might happen?  (Read 11380 times)

Offline chayskie04

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If no one spends bitcoin what might happen?
« on: June 22, 2018, 05:03:53 PM »
For me, In my opinion, I think we will be stuck in one price or maybe worse we will all go down.

Here is what happened when US citizens are saving too much.

Quote
That's important because American spenders make up the majority -- about 70% -- of economic activity in the country. If people don't spend, the economy doesn't grow.

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If no one spends bitcoin what might happen?
« on: June 22, 2018, 05:03:53 PM »

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Re: If no one spends bitcoin what might happen?
« Reply #1 on: June 22, 2018, 11:37:10 PM »
This a hypothetical situation. I don't think it can ever be that no one spends Btc.  Btc is currency and as long as people accept this, it can never happen that no one spends it

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Re: If no one spends bitcoin what might happen?
« Reply #2 on: June 22, 2018, 11:55:18 PM »
It's against the nature of the market. Someone has to buy and sell to build the market. So this is only possible as a theory.
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Re: If no one spends bitcoin what might happen?
« Reply #3 on: June 23, 2018, 11:42:37 AM »
If no one sells their bitcoins, it will not be good either for bitcoin or for people. Then they can simply forget about him. The Crypto currency was created so that it worked primarily as money, brought convenience to users, rather than lay in their purses. It may even end up happening that there will be more advanced digital coins, and those that are not used will become useless to nobody. Is that have an antique value.

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Re: If no one spends bitcoin what might happen?
« Reply #4 on: June 23, 2018, 01:58:07 PM »
Cryptocurrency is used as money, if we need anything we can use these instead of our national currency which is good in a way, but what would be the point of buying these and then just saving? when you can invest now on something and enjoy later?
Arabian Escapes is a company of real estates. AE offers property which can be bought by cryptocurrency. There may be other services too, but my point is that either one has to be spent its either money or cryptocurrency which is a better choice, If nobody makes any transaction and just buys it and sits down, it would definitely be a lost, a huge loss!

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Re: If no one spends bitcoin what might happen?
« Reply #5 on: June 23, 2018, 04:35:56 PM »
 More and more infrastructure around bitcoin, which means that people will spend more, and that would be even more spent to create this infrastructure.

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Re: If no one spends bitcoin what might happen?
« Reply #6 on: June 23, 2018, 04:50:50 PM »
This a hypothetical situation. I don't think it can ever be that no one spends Btc.  Btc is currency and as long as people accept this, it can never happen that no one spends it
Thats true sir,bitcoin is a digital currency,this might not like fiat but bitcoin is a store of value.People use it as a payment system and used it as an asset for long term investments that is why there no other way that no one will spend bitcoin since this is tje new trens of currency that i due time we will earn profit .

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Re: If no one spends bitcoin what might happen?
« Reply #6 on: June 23, 2018, 04:50:50 PM »


Offline Fenix

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Re: If no one spends bitcoin what might happen?
« Reply #7 on: October 18, 2020, 04:10:47 PM »
If bitcoins stop being used, including selling or buying, their value will decline until they are completely depreciated. If you imagine a situation that someone alone or a group of like-minded people bought bitcoins, they will also lose their value. Bitcoin price depends on the balance of supply and demand. There will be no demand or supply, and there will be no value for the cryptocurrency.

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Offline shadowdio

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Re: If no one spends bitcoin what might happen?
« Reply #8 on: October 18, 2020, 04:41:18 PM »
If people starting to collect bitcoins and not to spend it, I guess the price will go down and down until someone to buy at the bottom price.

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Re: If no one spends bitcoin what might happen?
« Reply #9 on: October 18, 2020, 06:21:46 PM »
Can you specify what kind of "spend" do you mean?
Do you mean spending BTC for shopping or other payment methods?

Well, the utility of BTC is exactly important, moreover, it will increase the value and also the trust of bitcoin itself. However, it doesn't mean that if BTC is not spent on it, the value will significantly decrease.

No.

As long as there is still supply and demand of the BTC in the crypto market, the BTC will still have value and also volume. There will be still many people who concern in BTC and take profits from it. If many people are investing, it is also not complicated. It is good enough. except if there are more people who are selling BTC than buying, this will make ethe price down.
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Re: If no one spends bitcoin what might happen?
« Reply #10 on: October 18, 2020, 07:14:30 PM »
If no one is spending bitcoin, then the crypto trading circulation will affect the price of bitcoin itself, possibly the price can go up or down. and has more influence on the development of the exchange market.
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Re: If no one spends bitcoin what might happen?
« Reply #11 on: October 18, 2020, 10:10:53 PM »
I think it's the dead end. it may pause activity regarding Bitcoin that would eventually kill the coin itself. I think it would be better if BTC will have a movement in the market so it will not left behind with other cryptocurrency.
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Re: If no one spends bitcoin what might happen?
« Reply #13 on: November 04, 2020, 07:20:41 PM »
Cryptocurrency, in order for its popularity to grow, needs continuous movement.  If cryptocurrency is stored in wallets, its value will fall.  Therefore, I think that if a certain group of whales whines a significant amount of bitcoins and will hold them, then participants in the cryptocurrency market will switch to using other types of cryptocurrencies, and bitcoin will lose its value.  Therefore, it is not profitable for whales.  They will not seek to monopolize the cryptocurrency market in this way.

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Re: If no one spends bitcoin what might happen?
« Reply #14 on: November 04, 2020, 10:13:20 PM »
IF many people prefer to keep their Bitcoin, it is good signs for BTC price. The price should be quite expensive because people rarely see Bitcoin in the market. Once people get difficulties to get Bitcoin, then the price may increase significantly. High demands and low supply leads to a big increase in price. That's what I learn so far from crypto market. I think we have proven it for years!
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