Quote from: Mr.Dick on March 27, 2018, 01:48:26 PM

Quote from: shamzblueworld on October 31, 2017, 04:35:50 PM

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.

In my opinion, that is a question you might not be thinking much about yourself, no offense! I would compare it to the question: what if people would stop buying oil? sure thing oil price would drop, but since btc is a currency, it might be different, if people stop buying bticoin but continue paying with it, and others accept it as payment, it is a closed autonom circle.

This is a point often overlooked by borrowers.

Many people were also likely buying cryptos with their credit cards. Many large banks and credit card companies have announced they will no longer allow crypto purchases with credit cards.

It makes you wonder just how much of the crypto fad was fueled with borrowed money.