Re: If no one spends bitcoin what might happen?
I agree with you. In an event of no one spending, any Bitcoin the price would stay stable for a long time. Mining would die off as there are no transactions to verify and the blockchain would freeze. Basically, everything would freeze until everyone begins to spend BTC again.
You are correct, in a way, if no one spend bitcoin then the price will be stable the only problem is that the price will be zero. Currency is not supposed to stay still for longs periods of time it needs to move, it needs to be spend, invested or something.