Post
Topic
Board Bitcoin Discussion
Re: If no one spends bitcoin what might happen?
by
Phyton76
on 18/01/2018, 16:22:30 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


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.
If it happens, this will be a problem. Technically, if no one spends bitcoin surely the value of it will remain stable or worse it will keep falling. If it occurs, the investors, traders and even users will lose their interest because they will not gain anything from here.