Post
Topic
Board Bitcoin Discussion
Re: If no one spends bitcoin what might happen?
by
seoincorporation
on 18/01/2018, 16:18:59 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


If no one spend bitcoins that mean no one sell and no one buy, then yes, price would be stuck. But at same time the coin will not have value because no one is spending it. Is like the issue about the tree on the forest, if a tree falls on the forest and no one is there, the tree makes sound?. If no one spend bitcoin should it have a value?

By the way, people loves to spend money, that's something that any single human love to do, and that's why this will not happen, people can't just stop spending bitcoins. But at least is a nice topic for discussion.