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Author Topic: If no one spends bitcoin what might happen?  (Read 11381 times)

Offline yetti

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Re: If no one spends bitcoin what might happen?
« Reply #30 on: November 28, 2020, 06:02:32 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!

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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Re: If no one spends bitcoin what might happen?
« Reply #30 on: November 28, 2020, 06:02:32 PM »

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Offline pelana vreo

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Re: If no one spends bitcoin what might happen?
« Reply #31 on: November 28, 2020, 11:38:34 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.

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.

Offline ayatoslaw

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Re: If no one spends bitcoin what might happen?
« Reply #32 on: November 30, 2020, 01:09:45 AM »
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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Re: If no one spends bitcoin what might happen?
« Reply #33 on: November 30, 2020, 03:33:50 AM »
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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Offline raisajahan

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Re: If no one spends bitcoin what might happen?
« Reply #34 on: December 10, 2020, 07:34:02 AM »
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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Re: If no one spends bitcoin what might happen?
« Reply #35 on: December 10, 2020, 08:22:43 AM »
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.

Offline Token@

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Re: If no one spends bitcoin what might happen?
« Reply #36 on: December 10, 2020, 09:11:38 AM »
The economy does not grow unless people spend.  We generally know that spending something can increase economic growth.
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Re: If no one spends bitcoin what might happen?
« Reply #36 on: December 10, 2020, 09:11:38 AM »


Offline labonikhatun

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Re: If no one spends bitcoin what might happen?
« Reply #37 on: December 10, 2020, 09:33:06 AM »
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.

Offline Baroksz

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Re: If no one spends bitcoin what might happen?
« Reply #38 on: December 10, 2020, 09:35:42 AM »
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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Re: If no one spends bitcoin what might happen?
« Reply #39 on: December 10, 2020, 10:56:47 AM »
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.

Offline nelson4lov

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Re: If no one spends bitcoin what might happen?
« Reply #40 on: December 10, 2020, 11:17:21 AM »
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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Offline Power

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Re: If no one spends bitcoin what might happen?
« Reply #41 on: December 10, 2020, 11:59:36 AM »
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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Offline vitek146

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Re: If no one spends bitcoin what might happen?
« Reply #42 on: December 10, 2020, 12:30:10 PM »
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.

Offline Emircan

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Re: If no one spends bitcoin what might happen?
« Reply #43 on: December 11, 2020, 11:47:32 AM »
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
Contact me if you need t.me/Emircande

Offline gotbounty

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Re: If no one spends bitcoin what might happen?
« Reply #44 on: December 11, 2020, 01:07:12 PM »
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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