Post
Topic
Board Bitcoin Discussion
Re: If people stop buying bitcoin
by
TrueCryptonaire
on 01/11/2017, 12:10:08 UTC
What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?

How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
I think this kind of situations will not going to be possible.  But bitcoins is a virtual currency.  The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened..

So basically this may happen in future as if it's value is got down,  everyone will sell it or the people who become rich will get beggar with it.