Post
Topic
Board Bitcoin Discussion
Re: If no one spends bitcoin what might happen?
by
danherbias07
on 24/11/2016, 16:16:59 UTC
Share your ideas here.   Grin

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

Its value will remain still as people don't use it. Because the rate of bitcoin depends on its users and miners. The same as, if no one uses it, the nothing will happen

I have thought about that too. But with the recent clarifition to those who are quoting here it could end up at a high price due to demands. But in the long run it might also make a mess. If those people who want to have bitcoin cant get some then they might end up in other coins which is a lost for bitcoin community.

The price could go even higher when more people use it. It seems the price is limited by the number of transactions.

You are right it could. But we should consider waiting when that happens. You see merchants would need to buy some too  to provide payments on what needed to be paid. But at the end they will also trade it to fiat to for bringing back their capital and payments for employees.