Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: chayskie04 on June 22, 2018, 05:03:53 PM
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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.
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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.
Check it out here!
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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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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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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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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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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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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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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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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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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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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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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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it may happen when there is no power source and no internet anymore because as long as there are both there must be people who use bitcoin.
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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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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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I think Bitcoin will have a great day and we will see the price of Bitcoin increasing day after day. But I am not sure if really no one spends their Bitcoin in the market. There should be some people who want to buy or sell Bitcoin. They must know the potential in buying Bitcoin and some may want fiats or want to cash out.
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Now days is to much bullish wait for it biggest pump is coming hold your coins.
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it is true, the less people shop for bitcoin, the lower the price. this is because there must be buying and selling transactions so that prices will also go up and down. If there is no purchase, you can say it will die.
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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.
Check it out here!
Dead! There's no more accurate answer than this. Just sayin'.
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If many people store bitcoins, what happens is the price in the market will remain fixed. Then it will no longer be colored because there is no rising and falling. And this is a condition that shouldn't happen. And it is very rare in bitcoin. Because every day there are always bitcoin buying and selling transactions.
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Time is money dont wait just go buy Bitcoin and ETH no more dump huys trust me.
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If that happens then I think this is the beginning of destruction for bitcoin. and this is a mistake. And it is very rare because this bitcoin is always in demand and has always been the king of coins.
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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.
Yes, i also think so. Buy sell can not stop to market. There would be many reasons for buy ans sell btc to market for their daily necessary. So how you will stuck? Think it would not be and market will continue its natural way.
thanks.
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Its right time spend some money in Bitcoin because btc price will touch 20k soon.
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Same thing, we keep a lot of gold in a safe and we don't know the code of the safe.
If Bitcoin is stored and not spent, the result will not get any changes because the Bitcoin is only sitting in one locked wallet.
If this incident really happened then it would be unfortunate when the price of Bitcoin was already expensive but the Bitcoin was locked in one safe.
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If, for example, some group of whales buys up almost all bitcoins on the market and keeps them in their wallets, then over time people will simply forget about them and use something else. Therefore, whales will never do this. In order for there to be a demand for a cryptocurrency, it must be in demand and be in motion.
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If no one spends bitcoin then I think the use of bitcoin will stop. This will reduce the quality of Bitcoin. If it seems to me it is not possible in reality. Then the price of Bitcoin will continue to decrease.
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Not selling bitcoins will not be good for people and some people will forget about bitcoin. Cryptocurrencies were created to do calculations. There may be other digital coins that have not been used. In this bitcoin we see the value of antiquity
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Bitcoin market depends on investors, traders, holders, sometimes it depends on good news updates or bad news updates. A few days ago PayPal accepted updates, jo Biden election wins created a good impact on Bitcoin market. If no investors, traders holders available in market then bitcoin will turn to be scams project/ shit project.
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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!
Yes I agree, if many people don't spend their bitcoin or collect bitcoin, I think bitcoin price will high. We all know Bitcoin is high demand and limited supply. The people will difficult to get bitcoin, I think It is good thing for bitcoin.
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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!
Yes I agree, if many people don't spend their bitcoin or collect bitcoin, I think bitcoin price will high. We all know Bitcoin is high demand and limited supply. The people will difficult to get bitcoin, I think It is good thing for bitcoin.
With these limitations I believe it can have a good impact on the price of bitcoin because the more people who are looking for it, they will be able to buy it because after all with bitcoin all transactions will become easier and safer.
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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.
Check it out here!
Good question,
There is a lot of money circulation in various parts of the world, Fiat me currency is the first choice and Bitcoin is the second option, it is impossible for a country not to import and export goods to other countries, this is what makes Bitcoin can be used to make payments with faster and more transparent.
Bitcoin will always be used, why? Because it is popular and listed on many exchanges, and has low shipping costs with a large number of transfers.
For example, if we pay for goods with Bitcoin to other countries for $2 million, you will be charged a shipping fee of under $50 because the system on the blockchain is not the same as a bank that requires a lot of fees.
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Bitcoin market depends on investors, traders, holders, sometimes it depends on good news updates or bad news updates.
Yes, I agree with you, but there is one more thing that is missing, namely miners, if there are no miners, the blockchain network will not work,
and for transactions of course this is needed to increase market liquidity, the higher the liquidity of a coin, the higher the market confidence in the coin.
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Bitcoin market depends on investors, traders, holders, sometimes it depends on good news updates or bad news updates.
Yes, I agree with you, but there is one more thing that is missing, namely miners, if there are no miners, the blockchain network will not work,
and for transactions of course this is needed to increase market liquidity, the higher the liquidity of a coin, the higher the market confidence in the coin.
Of course, I agree with your opinion ", if there are no miners, the blockchain network will not work". Bitcoin depends at miners too. But we all know the equipment, electricity are ver expensive. I don't know about the next future.
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If no one spends bitcoin the price of bitcoin will be raising day by day because of bitcoin mining dificulties.
Bitcoin’s total supply is limited by its software and will never exceed 21,000,000 coins. New coins are created during the process known as “mining”: as transactions are relayed across the network, they get picked up by miners and packaged into blocks, which are in turn protected by complex cryptographic calculations.
So price will be more amd more.
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If no one sells cryptocurrency and exchanges it in other ways, cryptocurrency or certain types of it will cease to circulate in society, they will soon be forgotten about them, and then they will lose all value. This often also happens with those coins and tokens that are not in demand and therefore not traded. In order to be in a good price, a cryptocurrency must be constantly in circulation and in demand.
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The economy does not grow unless people spend. We generally know that spending something can increase economic growth.
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Spending bitcoin will increase its capital and if a country's government supports it every sector will reach the peak of development including economic growth if you don't spend on Bitcoin, nothing will happen the government is more obsessed with fiat currency. Crypto investors will suffer a lot and the demand of the market may decrease.
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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!
Yes I agree, if many people don't spend their bitcoin or collect bitcoin, I think bitcoin price will high. We all know Bitcoin is high demand and limited supply. The people will difficult to get bitcoin, I think It is good thing for bitcoin.
With these limitations I believe it can have a good impact on the price of bitcoin because the more people who are looking for it, they will be able to buy it because after all with bitcoin all transactions will become easier and safer.
indeed it is true. If no one is spending bitcoin the economy will be stagnant. even though the price of bitcoin is high, whereas we don't have it, it's useless. and we can't buy it because nobody sells it. This is what it means that the Economy does not work. instead there will be economic instability.
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If someone keeps or holds Bitcoin for a long time without spending it, then wonderful things will happen. Bitcoin will seem to be of interest to users later on. Because Bitcoin will create such a great position, setting new records all over the world.
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Not sure it will ever come to this level, because the adoption rate of bitcoin increasing very fast, but let's say it does IMO the price of bitcoin won't have any value since they are more people selling and no one is buying, that will make it become worthless, cause the price of bitcoin or other cryptocurrencies out there is actually determined by supply and demand, if there are zero demand for any coin it won't be valued.
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If people will not spend its bitcoin what will happen? It depends to the situation. Fiat money is still alternative as we know, it is used for our daily commodities. The question it self mate is not clear.
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Now we can see that the price has rapidly gone down, perhaps this is just a normal correction, since I, for example, expected that the price would continue to rise as many investment giants get rid of one and the most reliable value for investment - gold, and transfer most of the capital into Bitcoin , since they consider more profitable and profitable investments in it.
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In my opinion, it is difficult for anyone to buy or ban bitcoins because as a rule, currencies are rotated to help society develop. when the economy fluctuates or the value of BTC may decrease but when the economy starts to recover, I believe it will increase in price and grow further with new coins and grow together for crypto will be the currency of the future
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If indeed everyone who owns Bitcoin keeps their Bitcoin there will be two things. First the Bitcoin price will be higher because of the high demand. And the second is that the market will be quiet, losing its king. and then maybe crypto will die slowly.
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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.
Cryptocurrency cannot be influenced by a country, even though it is America. Because this cryptocurrency cannot be controlled by anyone, and if no one spends Bitcoin it means that many people hold their coins. And of course this situation will make the price of Bitcoin rise, because demand will continue to increase while the supply in the market is small.
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And in fact, no one will do it. If they don't spend at least a few points in the market, what will happen may be:
- The trading volume may be zero and this may be a dead coin and I don't believe that BTC will be a dead coin.
- The people will hold them until death. But this will not work because some days there may be several strict rules regarding the own of BTC
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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.
Check it out here!
If it happened, I think bitcoin price will drop. And maybe bitcoin will die.
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And in fact, no one will do it. If they don't spend at least a few points in the market, what will happen may be:
- The trading volume may be zero and this may be a dead coin and I don't believe that BTC will be a dead coin.
- The people will hold them until death. But this will not work because some days there may be several strict rules regarding the own of BTC
I don't believe It will happen. Because we all know many investors have hold and trade their bitcoin. So, I don't think Bitcoin will die because no one spends bitcoin. It is really impossible. Bitcoin will be more popular and will survive for along years again.
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We know that Bitcoin is very popular all over the world and many people use this Bitcoin. If people do not use this bitcoin then its value will gradually decrease and at some point bitcoin will be destroyed. Because this bitcoin is executed on human trafficking.
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We know that Bitcoin is very popular all over the world and many people use this Bitcoin. If people do not use this bitcoin then its value will gradually decrease and at some point bitcoin will be destroyed. Because this bitcoin is executed on human trafficking.
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I disagree with you. I don’t think it will ever get stuck or ever fall down. We all know that the cryptocurrency market is always up and down. It is not possible to run the market without updating the cryptocurrency market. The price of the cryptocurrency market depends on the investors. Bitcoin will never fall down and get stuck. Because now Bitcoin is the king of cryptocurrency. Bitcoin's popularity is all over the world.
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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.
thank you bro for this good suggestion. Your reply is also well. I have to learn so much. I hope you always help for every new person in this forum.
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The price goes up and down very fast, maybe it's just a slight correction, since I, for example, expect the price to continue to rise because a lot of investing companies will get rid of one and the capital The most reliable value of the investment and gold, And you can transfer it to bitcoin.
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The price on the market is growing, bitcoin has started to acquire a positive graph, we will wait for further growth.
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I hope more people will spend bitcoins. If no one spends it, the demand for bitcoins will fall and this will lead to a price drop.