Ninjastic
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Board Bitcoin Discussion
Re: If no one spends bitcoin what might happen?
by
dificanovi
on 01/09/2017, 08:10:52 UTC
Quote from: Doms on July 14, 2016, 10:32:59 AM
Quote from: jakelyson on July 14, 2016, 10:04:22 AM
Quote from: danherbias07 on July 14, 2016, 09:11:51 AM
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


The price will go down because people will lose interest in bitcoin if it happens. That is why though it is good to hold bitcoin, it is still hurting its economy if no bitcoin is used for purchase. It is good if there is more merchandisers that will adopt bitcoin so that more will be encourage to use and spend bitcoins.
It is a finite currency and I think it will still hold value if no one uses it. It would be a store of value, just like gold. If the reason that people are not using bitcoin is because they are holding it, then I think that will drive the price up because many would want to get a hold of something that continuously increase in value.

yes, I really hope the bitcoin price keeps going up because it will benefit all those who invest with bitcoin. hopefully more people will invest a lot with bitcoin then the price will go up.