Bitcoin Forum

Economy => Economics => Topic started by: Kakmakr on August 30, 2018, 07:38:04 AM



Title: What should we focus on more? Demand or Supply?
Post by: Kakmakr on August 30, 2018, 07:38:04 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  


Title: Re: What should we focus on more? Demand or Supply?
Post by: bobo012 on August 30, 2018, 08:37:36 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

The good thing about bitcoin is that you can easily spend if you want, while maintaining the same values as gold. With gold you cant spend easily if you want. Both storage and spending is good for bitcoin as both means it is getting more valuable. We will see what happens


Title: Re: What should we focus on more? Demand or Supply?
Post by: damberg on August 30, 2018, 08:46:44 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

I understand your call for broader Bitcoin adoption and more intensive spending. Although I completely agree with you, I don't think it would impact the price significantly (in a hypothetical scenario of 80% hoarding and 20% spending) because majority of regular shopper will not convert fiat to Bitcoin if they can pay with fiat itself with lower transaction costs.  ;)


Title: Re: What should we focus on more? Demand or Supply?
Post by: jseverson on August 30, 2018, 09:01:17 AM
I see where you're coming from, but I don't think HODLers' primary objective for HODLing is to cut off supply. Most of them just want their coins' value to grow and that's it. HODLIng, in a way, could even raise demand by attracting even more new HODLers courtesy of increasing prices lol. But yeah that's simply unsustainable.

I understand your call for broader Bitcoin adoption and more intensive spending. Although I completely agree with you, I don't think it would impact the price significantly (in a hypothetical scenario of 80% hoarding and 20% spending) because majority of regular shopper will not convert fiat to Bitcoin if they can pay with fiat itself with lower transaction costs.  ;)

To be fair, Bitcoin payment processors often charge less in fees than credit cards, so there's a legitimate case for merchants to accept Bitcoin. Customers themselves won't really feel the difference though, because credit card fees are often already integrated with the price of products. Maybe it would be more effective if we encouraged businesses to accept Bitcoin rather than encouraging end users to spend them lol.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Torontello on August 30, 2018, 09:17:19 AM
In the real world as soon as the value of a currency is going to increase (or expected) its holders are trying to hold it (not to spend) and visa verse.
I think that merchants will start accepting BTC only when their main expenditures are nominated on BTC (rent, salaries, loans+interests).


Title: Re: What should we focus on more? Demand or Supply?
Post by: TRUSTIES on August 30, 2018, 09:26:11 AM
Bitcoin installment processors regularly charge less in expenses than Visas, so there's a true blue case for traders to acknowledge Bitcoin. Clients themselves won't generally feel the distinction however, on the grounds that Visa charges are frequently effectively incorporated with the cost of items. Perhaps it would be more powerful on the off chance that we urged organizations to acknowledge Bitcoin instead of urging end clients to spend them


Title: Re: What should we focus on more? Demand or Supply?
Post by: MilkyMilton on August 30, 2018, 09:34:15 AM
I've been a student of Economics for some time now. Not in an academic setting by the way. But I have undertaken studies of Economics individually. In this time, I have never seen a case where hoarding any product has worked for good. It always end up more like a lose-lose situation. And this is a strategy only amateurs engage. I totally agree with the poster. The only way to improve Bitcoin prices is to create awareness to induce the public's interest. In other words, only increased demand ever benefits a particular market.


Title: Re: What should we focus on more? Demand or Supply?
Post by: bob123 on August 30, 2018, 09:54:58 AM
Maybe it would be more effective if we encouraged businesses to accept Bitcoin rather than encouraging end users to spend them lol.

Well, IMO encouraged users who want to actively use and spend bitcoins at a store, can have an influence on the owner of the store to accept BTC (to encourage businesses).
But encouraged businesses which accept BTC don't have such a big influence on their customer to pay with BTC. Most of them would probably stick with their credit card (regardless of a "BTC Accepted Here" - sticker).

A user base (and new user who want to actively use BTC as a currency) are thriving the adoption forwards. Not businesses accepting it as a payment option per se.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Janation on August 30, 2018, 10:02:08 AM
I agree with this though I do not know what will we do to increase their awareness to these cryptocurrencies especially Bitcoin since a lot of online sellers and merchants know what Bitcoin is. I don't encourage people who sell on markets since in our country, a lot of people are being scammed using the name of Bitcoin so I don't think they will be doing it.

There are a lot of other alternatives to Bitcoin or cryptocurrency payments that is better, efficient and cheap though not anonymous. I guess Bitcoin will stay as it is since people will just be continuing what they are doing in the past, hold it and sell it in the time that it's price increases. Let's just stick in that for the mean time, that time might come but not only Bitcoin will be in this talk.


Title: Re: What should we focus on more? Demand or Supply?
Post by: yugyug on August 30, 2018, 10:21:36 AM
We see a big potential for bitcoin as the next thing of digital currency but the draw back is that it can not be do a faster transaction confirmation or in other words low transaction speed compared to VISA and for its still in infancy until it is bloom bitcoin is still not a merchant friendly like for convenience store and grocery stores some HODLers are hoarding the bitcoin until the full blown hi speed network will be fully implemented and that's the time the flow of supply and demand is quite stable.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Btcepenbob on August 30, 2018, 10:22:28 AM
I think if we are going to make the economic subject as the baseline then I think demand will be the one who could drive the market to have a huge recovery. This movement will be brought by an increasing demand.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Neraj Evad on August 30, 2018, 10:29:24 AM
In cryptocurrency ,we should be more focus on tbe demand ,because when we talk of supply there are many supply of coins flooding in the market and this many coins ,would need a much demand from the customers and investors to invests in this much supply of coins in the market.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Hydrogen on August 30, 2018, 10:32:20 AM
I'm not certain on the demand versus supply dichotomy. Expanding bitcoin's userbase and the amount of information and knowledge publicly available on the topic could be a goal worth pursuing for HODL'ers and those interested in seeing crypto currencies grow beyond their current horizons. The further into the public consciousness bitcoin and crypto are able to expand, the more peoples eyes might be opened to potential of innovation and progress over current era financial institutions.

There are video clips on youtube where people try to give away a chunk of gold or silver to people on the street for free and no one accepts it. They wouldn't begin to know what to do with it. Where to redeem it for fiat. What the laws and regulations are surrounding it. And so they avoid it completely. I think bitcoin and crypto suffers from a similar negative precedent where there's a complete lack of information and awareness on it which causes people to avoid it like the plague.

That could be the area to focus on. We need youtubers and social media people to post clips of themselves using bitcoin and crypto. And to discuss their experiences and the current state of things in the sector. That's probably the best way to get the word out there imo.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Coin-1 on August 30, 2018, 10:34:28 AM
Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

I think that Bitcoin is likely an investment asset. For example, the Lightning Network technology can be a solution for merchants who accept Bitcoin. The inflation of Bitcoin is still significant (12.5 BTC for each mined block), so the new coins come into circulation every hour.

Of course, high demand with low supply will skyrocket the price of Bitcoin "to the moon", and HODLERS wait for this. In my opinion, Bitcoin should be a reserve crypto currency without instant payments.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Harlot on August 30, 2018, 10:43:07 AM
From what I remembered the merchants are the ones who pulled out on accepting Bitcoin because of the price drop that happened in Mid-December to January, the price drop of course could simply mean that the supply of the whales is being sold in the market already which means the supply is increasing but the effect you wanted is obviously not what most merchants wanted, what they see is a falling payment method that if they accepted would give them a lot of financial losses. So I don't think that not hoarding your coins would be a solution for this one.


Title: Re: What should we focus on more? Demand or Supply?
Post by: talenah kotang on August 30, 2018, 11:22:37 AM

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>
Yes, that's right, so we always contribute to the sustainability of the bitcoin market and prices will stabilize. Maybe a method like this must be applied and will attract new investors.


Title: Re: What should we focus on more? Demand or Supply?
Post by: jseverson on August 30, 2018, 11:28:21 AM
Maybe it would be more effective if we encouraged businesses to accept Bitcoin rather than encouraging end users to spend them lol.

Well, IMO encouraged users who want to actively use and spend bitcoins at a store, can have an influence on the owner of the store to accept BTC (to encourage businesses).
But encouraged businesses which accept BTC don't have such a big influence on their customer to pay with BTC. Most of them would probably stick with their credit card (regardless of a "BTC Accepted Here" - sticker).

A user base (and new user who want to actively use BTC as a currency) are thriving the adoption forwards. Not businesses accepting it as a payment option per se.

Yeah, but then it becomes a chicken-and-egg scenario when you consider that regular BTC users themselves won't bother paying with Bitcoin if they're not getting anything out of it. They're HODLing because there's financial incentive for them to do so, and spending doesn't even net them a discount. We could easily say that they'd be willing to spend because of ideological reasons, but we all know a big subset of the community is only here for the money.

Businesses, on the other hand, have the immediate incentive of higher profits (1% transaction fee vs 2%~5%), and they get to attract a new demographic to boot. More businesses that accept Bitcoin = more opportunities for Bitcoin to be spent. It might be easier for us, the consumers, to nudge them towards that direction.

Then again, if this problem were as simple as our discussion, more people would be spending their coins and more businesses will be accepting them lol.


Title: Re: What should we focus on more? Demand or Supply?
Post by: zhanyiguai261315 on August 30, 2018, 12:38:36 PM
The price of cryptocurrency is also determined by the relationship between supply and demand.
In the case of a small amount of liquidity, if good news is good, it will lead to an increase in demand, which will quickly push up the price of the currency. If there is a large amount of liquidity, even if the demand is large, the price increase of the currency is limited.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Eijrafarm on August 30, 2018, 01:25:15 PM
Both of this must be put in focus. This is the basic fundamental the all people must be aware of since it is a direct contract with any forms of sales where in we must consider both of this two to establish a good market.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Wenmanong on August 30, 2018, 01:33:42 PM
People must be aware how the market goes I think we have to focus in both, we have to know how manage between the supply and demand.


Title: Re: What should we focus on more? Demand or Supply?
Post by: SkyFlakes on August 30, 2018, 01:38:45 PM
In the case or world of cryptocurrency, demand is the thing that should be given by attention. This is because when we talk about supply, it is about the coins currently in the market. There's a lot of coins that can be seen. But the problem is that there's a little demand over those coin. Thus, this would further prove that what we should focus now is with the demand of everyone to the coin s rather than the supply of the coins itself that can be found in the market.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Ilegendph on August 30, 2018, 01:38:53 PM
I've been a student of Economics for some time now. Not in an academic setting by the way. But I have undertaken studies of Economics individually. In this time, I have never seen a case where hoarding any product has worked for good. It always end up more like a lose-lose situation. And this is a strategy only amateurs engage. I totally agree with the poster. The only way to improve Bitcoin prices is to create awareness to induce the public's interest. In other words, only increased demand ever benefits a particular market.

Well of course, it is because of the regulating bodies that prevents hoarding the primary needs of people like food. Long way back, when government is not aware of this kind of scheme. The rich takes the advantage when there is a shortage in food, they buy food at low prices then hoard it, of course the effect would make the price of the at the market to be higher. Because of this scheme, poor becomes poorer and the rich becomes richer. Thanks to the government and the regulating agency, we would not experience this kind of inhumane thing.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Betwrong on August 30, 2018, 01:45:48 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

I agree with the 80%/20% only I can't find much places where BTC is accepted among the services I want. It's a pity that as early as in 2016 Netflix CFO David Wells was talking about the possibility for Netflix to accept Bitcoin payments and yet they still don't accept BTC. It's easier to do if you live in Switzerland where you pay your utility bills and pay for other government services with Bitcoin in some cantons. Let's hope all countries will become Switzerland in that regard somewhere in the future.


Title: Re: What should we focus on more? Demand or Supply?
Post by: glorybtc on August 30, 2018, 01:57:50 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

I agree with you, I think if the use of bitcoin as a means of payment is expanding, the number of circulation of bitcoin will increase so that the value of bitcoin will also increase


Title: Re: What should we focus on more? Demand or Supply?
Post by: bintangkejoraku on August 30, 2018, 02:15:03 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  
bitcoin needs more people like that, most people panic when prices drop slightly. for fear of falling prices they end up selling their bitcoin, but that only worsens the situation.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Kprawn on August 30, 2018, 04:12:46 PM
It is easier said than done, because a lot of people would be very reluctant to spend any bitcoins when the price is very low.

Since 2017 a lot of speculators have started to invest in Bitcoin and their sole purpose is to maximize their profits. They could

care less about merchant adoption and even considering spending some of their coins. We should focus more on a 50/50

percentage split in our efforts to grow demand and also to limit the supply. Now, I am not saying spending 50% of your

coins, but rather focussing more on spreading Bitcoin awareness.  ;D


Title: Re: What should we focus on more? Demand or Supply?
Post by: wantjokull on August 30, 2018, 04:24:29 PM
Off course, for any asset when there is huge demand despite of the supply you can say that it will always grow in its value and thus may get itself to higher levels. In crypto currency demand and supply surely plays vital role in deciding the prices. Though the speculators say that the prices will rise over the time as supply will keep decreasing then also I believe it will take huge time. Because the use is not even that much higher currently as it should have been. The use when will increase in the future then supply will also go limited as well as demand will also rise, so it would be multi fold changes.


Title: Re: What should we focus on more? Demand or Supply?
Post by: tepakpak on August 30, 2018, 05:17:00 PM
Obviously, demand is very active in the market because it is the key to running a product. just like crypto, demand will increase the price value, the strategy of using it as a payment instrument is a good thing.


Title: Re: What should we focus on more? Demand or Supply?
Post by: jaysabi on August 30, 2018, 05:34:10 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

There are far too many bitcoins still being produced for any type of hoarding to constrain supply in any meaningful or measurable way. And you can't artificially create demand for bitcoin. The hype drove the insane demand we saw at the end of 2017 which in turn pushed the price up to the insane levels we saw around $19,000. That was a natural occurrence of the hype driving the awareness and causing people to FOMO into crypto. That's not sustainable, so even if you could replicate that (which I don't believe is possible), it wouldn't do anything but create bubbles. The bubble bursting is why the price is currently languishing. Everybody remembers the hype and that those prices couldn't be trusted to last, so who would want to be buying now without any trust that the price will hold? There's very little spending of bitcoins going on. People are speculating to get rich in USD. There's actually very little comparative interest in crypto as a usable currency.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Irvinn on August 30, 2018, 06:27:31 PM
I've been a student of Economics for some time now. Not in an academic setting by the way. But I have undertaken studies of Economics individually. In this time, I have never seen a case where hoarding any product has worked for good. It always end up more like a lose-lose situation. And this is a strategy only amateurs engage. I totally agree with the poster. The only way to improve Bitcoin prices is to create awareness to induce the public's interest. In other words, only increased demand ever benefits a particular market.
Of course, the net accumulation of virtually all the bitcoins will lead to nothing good. Bitcoin must first of all work as a payment system, as it was conceived. If the situation continues in the same way, it can very badly end for bitcoin: it will grow in price until one day completely collapses in price.


Title: Re: What should we focus on more? Demand or Supply?
Post by: cellard on August 30, 2018, 06:41:17 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8) 


There is no incentive for most people to use bitcoin to make payments that could have been made perfectly fine with fiat, without losing your bitcoin position.

Why would people want to use bitcoin, something scarce and limited in amount, to buy stuff, stuff which could be perfectly bought with fiat, so you lose the easy money (fiat) while saving up the hard money (bitcoin)?

I don't see bitcoin being integrated within economic activity anytime soon. There would need to be a catalyst for that, like the governments banning physical cash so people are forced to look for alternatives, and bitcoin would be the best one, so there we would see a rise in goods and services being sold for bitcoin under the radar.

But until then most people are simply going to keep using bitcoin as a better gold, not as a fiat replacement. You don't see people paying with gold in shops, yet gold is worth 7+ trillion. So that's a potential 7 trillion dollar market there without necessarily being used as a common way to make payments. Will the day of common BTC payments come? only the future will tell.


Title: Re: What should we focus on more? Demand or Supply?
Post by: harizen on August 30, 2018, 07:47:14 PM

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>


Giving them a simple encouragement that they must add bitcoin to their payment method is not enough. It requires massive request. As soon as they don't understand how volatile crypto is, no way they can just accept bitcoin as direct payment. Local merchants must maintain a profit day by day so without understanding fully how bitcoin price moves, they will never risks their profits.

And since we are talking about "local" merchants here, the community around is one of the factors too. If bitcoin is not that popular on their area why they should add bitcoin as payment method? That's why they need to understand all things first about crypto in order to take the risks.

But prior to that, it really needs a serious global push for other countries to follow.


Title: Re: What should we focus on more? Demand or Supply?
Post by: darkangel11 on August 30, 2018, 08:00:39 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

I don't understand why you came to the conclusion that hoarders want to increase value by limiting the supply. There's a lot of coins being generated every day and that additional supply has to go somewhere. there have to be buyers every day for the price to remain at the same level. Without a constant demand hoarding won't make anyone rich, on the contrary, they'll be getting poorer every day, even faster than they would holding inflationary fiat money.
Most holders know about it and they're holding because they believe in BTC.


Title: Re: What should we focus on more? Demand or Supply?
Post by: shield132 on August 30, 2018, 08:02:16 PM
We should always focus on Demand because when there is demand, there is always supply. (well supply has to be created but what I said is like a gold rule). This is generally but if we talk about bitcoin, there are a lot of factors which affect it's price. Firstly it's mining profitability, if we aren't able to profit while mining, this will cause rise in price to make it profitable. When someone owns most % of supply, he/she can affect it's price a lot.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Ucy on August 30, 2018, 08:08:04 PM
Hoarding is not a thing n Bitcoin World to be honest. People are holding or saving their Bitcoins, not hoarding them and it is very much encouraged because it helps the network. Holding  makes Bitcoin more valuable and less affected by inflation. This is what we all want, right?

Bitcoin is not commodity by the way— Holding does not cause the shortage of Bitcoin. Hoarding is mostly applicable to commodity. The so called hoarding of Bitcoin is very much encouraged.


Title: Re: What should we focus on more? Demand or Supply?
Post by: hugeblack on August 30, 2018, 08:24:31 PM
I agree with you, but I think you forgot the critical point about transactions fees.
If the stores start to accept ]Bitcoin we will notice massive spam of useless transactions "buy coffee and drinks" and thus the high confirmation times and fees.
After solving the Bitcoin problem "scalability", we can talk about daily spending and shop acceptance. Now, raising awareness of using this technology in international transfers rather than well-known bank transfer methods.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Harrisonimo on August 30, 2018, 08:35:34 PM
This is only a means to achieving a goal for the market uplifting. The main expectation that will really drive the cryptocurrency market now is the impact the ETF will have when allowed. The other suggestions are mere speculations and may not work or take reasonable effect as the market knows what it needs at this time which is the ETF!


Title: Re: What should we focus on more? Demand or Supply?
Post by: hahay on August 30, 2018, 08:58:58 PM
Obviously most people will only hold their bitcoin supply in the event of a crash, if demand increases then prices will increase again too, so I don't think it would hurt to keep the supply when a crash occurs, because if someday there is good news about crypto, then this will lead to increased demand for bitcoin and the market will recover.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Rath_ on August 30, 2018, 09:35:27 PM
Without a constant demand hoarding won't make anyone rich, on the contrary, they'll be getting poorer every day, even faster than they would holding inflationary fiat money.
Most holders know about it and they're holding because they believe in BTC.

The problem here is that most holders treat Bitcoin only as a long-term investment or store of value. I am not denying that they are right but they forget that Bitcoin can be used as a currency. Many merchants stopped accepting Bitcoin because of high transaction fees. The transactions fees are now low (1 sat/vbyte) and they might become even lower in the future (Bitcoin Core 0.18 -> 0.2 sat/vbyte) so there is no reason why holders would not spend at least some of their coins. The more people spend their coins, the more merchants decide to accept Bitcoin.


Title: Re: What should we focus on more? Demand or Supply?
Post by: danherbias07 on August 30, 2018, 09:39:12 PM
Very true.

It should not just be over by hodling it.
Invite others although there is much negativity about crypto currencies. Just making them aware might give them that spark to look at it deeply.
With that, they may see the positive feature of crypto currencies specially bitcoin.

It would be lovely if it happens. But some are discouraged because they are rejected or worse they are being mocked by those traditional fial believers.


Title: Re: What should we focus on more? Demand or Supply?
Post by: pitiflin on August 30, 2018, 10:39:09 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  
That's not how things work. You can't just focus more on one thing. We don't live in a world that has perfectly elastic supply or a world of perfectly inelastic demand. This won't make sense to you,if you haven't learnt Economics.

If you focus on demand more, then we will be forced in a situation where demand drops and supply increases until they crossover at a point called equilibrium which would decide the equilibrium price and equilibrium quantity. Same applies to supply.

Crypto-economics is different than normal economics, so things can be more complicated than what I said.


Things are easier said than done. Just saying things won't do shit. People have mixed feelings on bitcoin. You have to understand the laws of demand and supply, you can't just go ahead and tell merchants to adopt bitcoin or tell "hodlers" not to "hodl".


Title: Re: What should we focus on more? Demand or Supply?
Post by: darkangel11 on August 30, 2018, 10:43:44 PM
Without a constant demand hoarding won't make anyone rich, on the contrary, they'll be getting poorer every day, even faster than they would holding inflationary fiat money.
Most holders know about it and they're holding because they believe in BTC.

The problem here is that most holders treat Bitcoin only as a long-term investment or store of value. I am not denying that they are right but they forget that Bitcoin can be used as a currency. Many merchants stopped accepting Bitcoin because of high transaction fees. The transactions fees are now low (1 sat/vbyte) and they might become even lower in the future (Bitcoin Core 0.18 -> 0.2 sat/vbyte) so there is no reason why holders would not spend at least some of their coins. The more people spend their coins, the more merchants decide to accept Bitcoin.

I can explain to you why I'm not treating it as a currency and why most people aren't and aren't planning to change it.
First of all there aren't many merchants that accept it in my area. I can't go to a shopping mall and pay for everything, like they do in Korea or Japan. I'm forced to use fiat, so that's what I'm doing, even though I'd prefer to use BTC. I'm not going to drive for 20 min just to get to a store that will take my BTC and probably charge me more for the merchandise than a fiat-based local store.
The second reason is even more obvious. My BTC is limited, I'm not getting a lot of it every month, but I'm getting fiat and I still have some fiat lying around. If I have to choose between spending my depreciating fiat or my BTC with a huge growth potential I will always spend fiat. It's that simple.


Title: Re: What should we focus on more? Demand or Supply?
Post by: White Christmas on August 30, 2018, 10:44:59 PM
In the case or world of cryptocurrency, demand is the thing that should be given by attention. This is because when we talk about supply, it is about the coins currently in the market. There's a lot of coins that can be seen. But the problem is that there's a little demand over those coin. Thus, this would further prove that what we should focus now is with the demand of everyone to the coin s rather than the supply of the coins itself that can be found in the market.
I agree on you as we see, we have lack of. Demand to the coin why it also have only lower price. Yes sometimes we have lot of supply of coin in our wallet but because. There are no demands on it, it became useless. Or maybe it has only have lower price when you sell. I believe we really need to focus more on the demand of every coin in the market.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Nanot on August 30, 2018, 11:02:53 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  
I will asked for demand rather than supply but many of the people has demand for the supply but since bitcoin was down fall on its price. How can you able to demand for supply even you got  more of tgat but is price was too low it will be a no price because its low. You need the demand. The demand to its price and quality because all of that are equivalent to high price even it is small.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Nhebu on August 30, 2018, 11:18:01 PM
Of course demand!

Even there are scarce or huge amount of supply if the demand is low, price won't keep hike. If I am looking for a coin, I usually look upon the volume of it and if the price is congruent to the total supply. Most of the time, I am buying coins which has lower supply because it will have the tendency to rise up when the demand gets higher. Lower supply will easily up while higher supply won't.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Finestream on August 30, 2018, 11:24:51 PM
Of course demand!

Even there are scarce or huge amount of supply if the demand is low, price won't keep hike. If I am looking for a coin, I usually look upon the volume of it and if the price is congruent to the total supply. Most of the time, I am buying coins which has lower supply because it will have the tendency to rise up when the demand gets higher. Lower supply will easily up while higher supply won't.
Yes.I also think it will be good to focus more on demand rather than its supply.If majority of the people and even big establishments will come to patronize bitcoin not just as an investment but as a currency,i'm sure the market price will continue to grow even more and even reach new heights in the future.


Title: Re: What should we focus on more? Demand or Supply?
Post by: r32godzilla on August 30, 2018, 11:26:40 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  
Well its definitely a different perspective that bitcoin holders were doing it for decreasing the supply.Even if they do it,unless they were in majority they could not get the desired results since still there are day traders and newbies who would contribute for bitcoin circulation.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Kakmakr on August 31, 2018, 05:35:03 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8) 


There is no incentive for most people to use bitcoin to make payments that could have been made perfectly fine with fiat, without losing your bitcoin position.

Why would people want to use bitcoin, something scarce and limited in amount, to buy stuff, stuff which could be perfectly bought with fiat, so you lose the easy money (fiat) while saving up the hard money (bitcoin)?

I don't see bitcoin being integrated within economic activity anytime soon. There would need to be a catalyst for that, like the governments banning physical cash so people are forced to look for alternatives, and bitcoin would be the best one, so there we would see a rise in goods and services being sold for bitcoin under the radar.

But until then most people are simply going to keep using bitcoin as a better gold, not as a fiat replacement. You don't see people paying with gold in shops, yet gold is worth 7+ trillion. So that's a potential 7 trillion dollar market there without necessarily being used as a common way to make payments. Will the day of common BTC payments come? only the future will tell.

Merchants should create the incentive, by offering "discounts" to people who pays with bitcoins. Why? ..because the merchant does not have to deal with large amounts of cash or expensive credit card transaction fees. The savings can be used to fund these discounts.  ;D

The user will obviously opt to use Bitcoin, because these discounts does not apply when you pay with any other payment method.


Title: Re: What should we focus on more? Demand or Supply?
Post by: valentine401 on August 31, 2018, 07:35:46 AM
Of course demand!

Even there are scarce or huge amount of supply if the demand is low, price won't keep hike. If I am looking for a coin, I usually look upon the volume of it and if the price is congruent to the total supply. Most of the time, I am buying coins which has lower supply because it will have the tendency to rise up when the demand gets higher. Lower supply will easily up while higher supply won't.

The price increase is depending on the volume and that is the reason why you should always invest and sell your coins at the right time in order to earn more profit.


Title: Re: What should we focus on more? Demand or Supply?
Post by: liliano on August 31, 2018, 07:43:01 AM
Hold too much bitcoin or crypto will not be good for the market because there is a scarcity of products and prices may increase or conversely traders and buyers will leave the product so there is no market activity which causes crypto to stall and die. Market dynamics must run and when the market is filled with large sales volumes, crypto will easily develop


Title: Re: What should we focus on more? Demand or Supply?
Post by: BagzMM on August 31, 2018, 10:32:23 AM
In my opinion, it should be equal so that market would not be paralyzed. It has a good cycle for the economic  development of the country or even to the whole world.


Title: Re: What should we focus on more? Demand or Supply?
Post by: farosa on August 31, 2018, 11:14:09 AM
In my opinion, it is a logical move that they have made, but the demand increases so slowly by this way. I mean, if the main goal is to increase the demand, the way you say is much better. But, governments are against it and the fear of people prevent it. Cryptocurrency just needs big forces that can be supported.


Title: Re: What should we focus on more? Demand or Supply?
Post by: 1Referee on August 31, 2018, 11:42:20 AM
Merchants should create the incentive, by offering "discounts" to people who pays with bitcoins. Why? ..because the merchant does not have to deal with large amounts of cash or expensive credit card transaction fees. The savings can be used to fund these discounts.  ;D

The user will obviously opt to use Bitcoin, because these discounts does not apply when you pay with any other payment method.

While I agree that attracting people with discounts is a good thing in the short term, it's however not sustainable in the long term.

If Visa & Co see their market share shrink due to Bitcoin being the preferred option to conduct day to day transactions, they can just as easily lower their fees to a point at which Bitcoin can no longer compete based on merchant fees with how nearly every merchant uses a centralized payment gateway.

The only way for Bitcoin to win this 'fee war' is to have merchants cut out centralized payment gateways entirely, and this is something that will take plenty of years and also requires more price stability.


Title: Re: What should we focus on more? Demand or Supply?
Post by: cuprice on August 31, 2018, 11:47:58 AM
I think we need to focus on increasing the demand as we need mass adoption to increase the flowing of transactions. The more the flow this can attract more people to use Bitcoin as for digital payments.


Title: Re: What should we focus on more? Demand or Supply?
Post by: laracastvue on August 31, 2018, 01:33:23 PM
I think we need to focus on increasing the demand as we need mass adoption to increase the flowing of transactions. The more the flow this can attract more people to use Bitcoin as for digital payments.

Yes you are right, the price will only increase if the demand in the market increase so people should invest even more in order for the volume in the market to drop.


Title: Re: What should we focus on more? Demand or Supply?
Post by: sheyicrypto on August 31, 2018, 02:03:16 PM
We should  be able to demand more in other for bitcoin to supply more and when more of it is in the market so many people will want to come in to demand for more of bitcoin


Title: Re: What should we focus on more? Demand or Supply?
Post by: Hatuferu on August 31, 2018, 02:05:00 PM
I think we need to focus on increasing the demand as we need mass adoption to increase the flowing of transactions. The more the flow this can attract more people to use Bitcoin as for digital payments.
Right.There should be an increase in demand rather than its supply because once there will be more investors and even holders of crypto,i'm sure the market price will definitely increase making a huge number of people will show interest on digital currencies.


Title: Re: What should we focus on more? Demand or Supply?
Post by: audaciousbeing on August 31, 2018, 02:58:07 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

I would stick to the position that the focus should be on both but more should be on demand. On the issue of demand there is need for increased publicity there is still a lot of untapped grounds that have not even heard about bitcoin and there are people who have heard but have not joined the market until they are pushed. These are the avenues to be tapped by every means and by our individual efforts in bring them into the fold active participants.

However, one sided effort cannot guarantee the outcome that we all are waiting for. In the case of a little increase in price occasioned by the result of activities listed above, people tend to see it as an opportunity to let go of the hoarding they have been doing thereby forcing the price downwards since the demand is not strong enough to maintain resistance at that level. This is evident in various push and further down in price that we have seen in the past couple of months. So as we are focusing on demand we should not be ignorant of the activities of supply.


Title: Re: What should we focus on more? Demand or Supply?
Post by: cellard on August 31, 2018, 03:20:18 PM
Very true.

It should not just be over by hodling it.
Invite others although there is much negativity about crypto currencies. Just making them aware might give them that spark to look at it deeply.
With that, they may see the positive feature of crypto currencies specially bitcoin.

It would be lovely if it happens. But some are discouraged because they are rejected or worse they are being mocked by those traditional fial believers.

You cannot create a demand artificially, at least us a community. Maybe TPTB can create artificial demands, but there's nothing we regular people can do about other regular people not wanting to use bitcoin to buy their groceries or whatnot.

There has to be a perfect storm for that to happen. People need a genuine incentive to do so. And right now this incentive is simple not there in most cases within the 1st world. Perhaps in other countries they find bitcoin as the only way to do any commerce, but here in the developed world, people aren't looking for an alternative, it doesn't even cross their mind, they just get paid in fiat and buy in fiat, and having to buy some other currency to buy something (and paying trading fees + transaction fees) is simply nonsense for them.

So only when this perfect storm happens (say, devaluation of fiat currencies becomes so obvious even to the average joe, end of physical cash.. etc) it will be used for daily purchases.

Until then it is a store of value that anyone smart enough to read the fundamentals will see as a crucial hold on their portfolios.


Title: Re: What should we focus on more? Demand or Supply?
Post by: BartS on August 31, 2018, 05:06:00 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  
People focus a lot on the supply because that is something that they can control partially, if they hold their coins then even if by a little they can manipulate the price, this is even more true for those that are whales and are holding a huge amount of coins, but when it comes to the demand there is nothing to do, the demand will come to this market by itself once people realize how fake the current economic system really is, until that happens the demand for bitcoin is going to be low.


Title: Re: What should we focus on more? Demand or Supply?
Post by: suzanne5223 on August 31, 2018, 06:17:28 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8) 


There is no incentive for most people to use bitcoin to make payments that could have been made perfectly fine with fiat, without losing your bitcoin position.

Why would people want to use bitcoin, something scarce and limited in amount, to buy stuff, stuff which could be perfectly bought with fiat, so you lose the easy money (fiat) while saving up the hard money (bitcoin)?

I don't see bitcoin being integrated within economic activity anytime soon. There would need to be a catalyst for that, like the governments banning physical cash so people are forced to look for alternatives, and bitcoin would be the best one, so there we would see a rise in goods and services being sold for bitcoin under the radar.

But until then most people are simply going to keep using bitcoin as a better gold, not as a fiat replacement. You don't see people paying with gold in shops, yet gold is worth 7+ trillion. So that's a potential 7 trillion dollar market there without necessarily being used as a common way to make payments. Will the day of common BTC payments come? only the future will tell.

Merchants should create the incentive, by offering "discounts" to people who pays with bitcoins. Why? ..because the merchant does not have to deal with large amounts of cash or expensive credit card transaction fees. The savings can be used to fund these discounts.  ;D

The user will obviously opt to use Bitcoin, because these discounts does not apply when you pay with any other payment method.
You're right what you said about the merchant. Despite the fact that bitcoin payment will ease the merchant stress/cost in  terms of transaction I don't see the merchant giving discount to their customers unless they make use of crypto project like mozo or other loyalty offer project.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Mjadon15 on August 31, 2018, 07:46:27 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

The game has to be played wisely. Economics has to be applied at full potential. Bitcoin is at the fore front of the new generational currencies know as cryptocurrency, not yet fully accepted generally, but the acceptance rate is still massively encouraging. Demand and Supply, as it applies to Fiat currencies like Dollars and Pounds, so also is it with Crypto - Currencies. Just that the whole world is already used to the FIAT currencies and they are generally accepted.

Bitcoin now has to be handled with all principles of economics backing Demand and Supply so as to control its market volume and price. This should be so,  so that the coin will be acceptable to all like Fiat Currencies and at the same time, the value of the coin will be retained.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Mjadon15 on August 31, 2018, 07:55:26 PM
Unfortunately, people ignorantly push the supply of Bitcoin into the market by selling and dumping. Unknowing to them this won't help the price of Bitcoin. These coins needs to be valued. They need to be wanted. It's good Cryptocurrency has handed onto us Bitcoin and other Crypto-coins to manage by ourselves, that doesn't mean we should abuse these coins by transacting anyhow with them. Probably, there should be some formal education or seminar on how to handle Bitcoin. Also, if there could be some regulations guiding selling and buying, maybe this will further help BITCOIN's price.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Mjadon15 on August 31, 2018, 08:15:23 PM
Very important to drop this too. We need to understnad  that the value of something is not the same as its price; value is what people perceive a product is worth, while price is what they pay for it. Even so, value and price go hand in hand: the price of something is directly related to its value and vice versa.

The market value of Bitcoin; that is, the money that people are willing to pay for it, follows the same old basic demand and supply rule: a high demand increases its price and a low demand decreases it.

According to an article in the Economist, the increasing trend in the price of Bitcoin is what drives people to invest in it.
People are investing because they believe that, following the trend so far, they would be able to sell their Bitcoins for a much higher price in the future, which the article argues is a perfect example of the greater-fool theory.

You can read more in the  Economist article.


Title: Re: What should we focus on more? Demand or Supply?
Post by: jak3 on August 31, 2018, 08:42:08 PM
just imagine everyone starts to have demand on bitcoin then who is really gonna supply them. And if no ones do supply any bitcoins they the price is not gonna rise instead it will drop down even further. To Increase the Bitcoin price we have to increase the demand and decrease the supply just enough to make everyone keep using it. you can not ask 10000$ for 0.1btc that will not work.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Escf4 on August 31, 2018, 09:28:46 PM
In this cryptocurrency world wherein there are many new introduction and launching of coins in the ICO projects ,which add the supply of tokens to the market, so we must be focusing on the demand of this coins ,because we can not deny that supplies os coins now are flooding in the market, so we will promote on the demand in the market place.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Astra2127 on August 31, 2018, 09:46:34 PM
We should focus on both supply and demand because those 2 components are important in our economy. It should be balance. Remember that supply and demand works together and connected.


Title: Re: What should we focus on more? Demand or Supply?
Post by: adzino on August 31, 2018, 10:11:31 PM
Holding is not like cutting off the supplies. It is more like limiting the supplies. Even if we hold off the coins, new coins are generated every day. The holding increases the value of the coins, and as usual more people are attracted towards investment as they see the price increase. So eventually the price will start increasing more, that is more demand and the supply won't be reduced since fractions of the coins will carry more value than before which people will be buying (what I mean is that people will then focus on investing on fractions of coin rather than one whole coin). The more we dump, the lesser the value will be.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Zooplus on August 31, 2018, 10:49:56 PM
I think we need to focus on increasing the demand as we need mass adoption to increase the flowing of transactions. The more the flow this can attract more people to use Bitcoin as for digital payments.

Yes you are right, the price will only increase if the demand in the market increase so people should invest even more in order for the volume in the market to drop.
Agreed.If the demand for crypto increases,the price will definitely increase even reaching to a new heights instead.Hopefully,mass adoption will soon to take place since digital currencies are already making it popularity wider thus leaving marks to the people.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Eigig on September 01, 2018, 12:05:29 AM
As of now that the tokens ansd altcoins in the market now is very plenty then their will be much supply in the market, so our focus now is to promote the the demand of this supply of coins ,so that to achieved a balance business in cryptocurrency.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Oasisman on September 01, 2018, 12:28:14 AM
OP has point on the idea of how to increase the demand, and I have to agree with the idea. But, hoarding coins is another idea of attracting more investors to the market, as hodling will increase the price (Bitcoin for example.)  So, either of the two could be a way of executing more demand. What I like about the OP's idea is, the development for mass adaption of cryptocurrency. We need to maximize the use of Bitcoin, in a way of promoting and encouraging merchants to accept Bitcoin as a payment option.


Title: Re: What should we focus on more? Demand or Supply?
Post by: marcbitcoins on September 01, 2018, 12:55:43 AM
I see no difference between the two because both are necessary to maintain the balance for the better and successful market performance of the coin. It is good to attract more people to invest but if there is no strong holders but more sellers then attracting more people will become useless and the same situation if there is low supply with a high demand because the market price will be nailed to its latest value due to the supply circulation movement was limited in which no one want to trade but just keep on holding.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Vaculin on September 01, 2018, 01:26:46 AM
We should focus on both supply and demand because those 2 components are important in our economy. It should be balance. Remember that supply and demand works together and connected.
I agree.We should promote to increase its demand and supply because they should be working hand in hand.Because it's still useless if there will be more demands already but the supply is still less.Still crypto would not be that essential.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Sled on September 01, 2018, 01:35:02 AM
The demand is what we should focus more because if we will focus on supply then it will just overwhelm the demand and if the demand cannot keep it up with the supply then the price of the cryptocurrency will just fall and that is not a good thing for investors or holders to see that the price is falling down so it is best to focus in demand.


Title: Re: What should we focus on more? Demand or Supply?
Post by: maculeth on September 01, 2018, 02:09:05 AM
actually both are important. but for one reason, supply is more important for the ongoing economy. because if it runs out of supply, the economy will fall apart.


Title: Re: What should we focus on more? Demand or Supply?
Post by: goaldigger on September 01, 2018, 02:22:23 AM
We should be focusing more on demand because its the basis of everything. If the demand of cryptocurrency increases people would definitely make a way to supply them using altcoins. If the people demnd it, the government would also legalize it in return, plus oversupply with less demand doesnt makes sense.


Title: Re: What should we focus on more? Demand or Supply?
Post by: MMysterious on September 01, 2018, 02:23:02 AM
I think we should focus on demand, simply because the higher the demand of a certain product the higher the value of the product will go. Even we have limited or unlimited supply if the demand is not their the price will not go up. for me, Demand is the deciding factor of a price action. Just like bitcoin, we have a limited amount of bitcoin in the market and it has a total of 21 million all in all. its a good thing that we have limited supply but its the demand of the people to the bitcoin that gives a big value to it.


Title: Re: What should we focus on more? Demand or Supply?
Post by: beatzcoin123 on September 01, 2018, 03:25:27 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  
the wisest decision now is to demand for more btc, demand and stock as much as you can, the future is bright, positive publicity about bitcoin should be carried out to encourage people to come and invest in bitcoin.


Title: Re: What should we focus on more? Demand or Supply?
Post by: andriarto on September 01, 2018, 04:30:26 AM
We should be focusing more on demand because its the basis of everything. If the demand of cryptocurrency increases people would definitely make a way to supply them using altcoins. If the people demnd it, the government would also legalize it in return, plus oversupply with less demand doesnt makes sense.
right, high demand will have a positive effect on the price of bitcoin. with the least number of sellers, the buyer will dare to buy a high price, so that if it continues, the price will be higher, and in accordance with the expectations of all of us


Title: Re: What should we focus on more? Demand or Supply?
Post by: MMS2017 on September 01, 2018, 04:51:44 AM
Demand should be the main factor behind the bitcoin price rise and normally people do trade during these days i am happy when the price rise and then i hold my bitcoin for further investment now i am investing in ICO which is also very profitable way and if you have multiple coins then you can trade easily.


Title: Re: What should we focus on more? Demand or Supply?
Post by: jony35490 on September 01, 2018, 05:05:26 AM
For me both are needed. Because if we can see supply is very low, then this coins price should go very high within short time. Also if we can see demand is very high, then there have lot of chance for price rise. So we need to focus both demand and supply.


Title: Re: What should we focus on more? Demand or Supply?
Post by: adpinbr on September 01, 2018, 05:27:55 AM
economically speaking I think equilibrium is a must. if there are more demands than supply then it is scarcity. if there are more supply than demands then there will be left overs put into waste. People should think practical.


Title: Re: What should we focus on more? Demand or Supply?
Post by: 7Dyoknga5 on September 01, 2018, 05:40:30 AM
Good point. Just like in the market, products being hoard will increase its price but affects other players in the market. For example, if sugar will be hoarded, a lot of other products will be affected, food and drinks in general.

Hoarding bitcoin will only discourage stores, shops or merchants from accepting bitcoin for transactions because few or none are using it.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Kusnechik on September 01, 2018, 05:43:36 AM
All interested should concentrate on increasing the demand for crypto currency in the population to strengthen the market position.


Title: Re: What should we focus on more? Demand or Supply?
Post by: katri on September 01, 2018, 06:27:01 AM
We should put our effort to demand because that's dictate the price. The highest the demand the bigger the price will be. Bear market is cause by lower demand we should put everything in demand side.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Indrawan77 on September 01, 2018, 06:56:11 AM
Hoarding actually wont make bitcoin grow further, it can help people to avoid panic sell but can't make bitcoin grow, the correct way to make bitcoin grow is by creating the awareness like OP said and asked people to invest in bitcoin, but we can't asked local shop to accept crypto, because its not giving benefit to the store if the price keep on fluctuative, and some government won't allowed crypto being used for transaction payment, to make bitcoin into healthy currency the demand and supply need to be balance


Title: Re: What should we focus on more? Demand or Supply?
Post by: qwertyup23 on September 01, 2018, 07:01:35 AM
Maybe it would be more effective if we encouraged businesses to accept Bitcoin rather than encouraging end users to spend them lol.

Well, IMO encouraged users who want to actively use and spend bitcoins at a store, can have an influence on the owner of the store to accept BTC (to encourage businesses).
But encouraged businesses which accept BTC don't have such a big influence on their customer to pay with BTC. Most of them would probably stick with their credit card (regardless of a "BTC Accepted Here" - sticker).

A user base (and new user who want to actively use BTC as a currency) are thriving the adoption forwards. Not businesses accepting it as a payment option per se.

Well considering on a business perspective, accepting bitcoin as a payment is definitely risk with its volatile value. Not to mention the transaction speed, business owners are at a double-edged sword if they accept bitcoin as an alternative payment. But on the other hand, if everyone in the industry starts to accept it as a means of payment, it would encourage more business owners to utilize such and influence the government to support this payment which eventually would be beneficial to both parties.

The only hindrance that I would see is the implementation of the said system and incorporate it on the industry. Not to mention, not everyone has bitcoin on their hands which also contributes to this problem.


Title: Re: What should we focus on more? Demand or Supply?
Post by: hungsanh2512 on September 01, 2018, 07:38:13 AM
Electronic money always exists in parallel between supply and demand. If supply is low, demand is high, push up prices are indispensable. Thing is scarce is expensive. If supply is high, demand is low, price increase is also limited.


Title: Re: What should we focus on more? Demand or Supply?
Post by: reyblack on September 01, 2018, 08:14:18 AM
Yes of course HODLing is good and eventually would initiate price increase but, if no one buys, the market price will not grow and would sometimes dip more due to panic sell off, as some investors want to save their invested money in crypto. So its better also to improve the demands or any businesses should be open and will accept bitcoin as a mode of payment in order to keep the market going and become healthier in the long run.


Title: Re: What should we focus on more? Demand or Supply?
Post by: alfs75 on September 01, 2018, 08:38:51 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

Will booth of this are needed in cryptocurrency investment,the demand anf the supply because these two are always together to create a good investment,otherwise if more demand in the market,the more supply its needed and vice versa also thats if more supply of crypto coins,its better have a great demand,but in this situation now more supply now in the exchange market and lack of investor demands of its crypto coins thats why the market price value going dump.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Girlsbit on September 01, 2018, 08:49:50 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

Now there are many proposals, you need to pay attention to demand.


Title: Re: What should we focus on more? Demand or Supply?
Post by: sempak bulong on September 01, 2018, 09:42:08 AM
Supply and demand are interrelated. both are unity in trade, but demand is more important because they will support rising market prices.


Title: Re: What should we focus on more? Demand or Supply?
Post by: entrepmind23 on September 01, 2018, 09:53:56 AM
Yes of course HODLing is good and eventually would initiate price increase but, if no one buys, the market price will not grow and would sometimes dip more due to panic sell off, as some investors want to save their invested money in crypto. So its better also to improve the demands or any businesses should be open and will accept bitcoin as a mode of payment in order to keep the market going and become healthier in the long run.

We need demand because we know that supply is limited and even if we are hoarding it, there will be a tendency that the current holders of it will sell off some and then buy back again if the price would be cheaper but then other people or those who doesn't know about bitcoin that a digital currency is existing so it would be more advantageous for us if we increase the awareness of the people regarding bitcoin by spending it and promoting it so that demand would increase then.

Hoarding actually wont make bitcoin grow further, it can help people to avoid panic sell but can't make bitcoin grow, the correct way to make bitcoin grow is by creating the awareness like OP said and asked people to invest in bitcoin, but we can't asked local shop to accept crypto, because its not giving benefit to the store if the price keep on fluctuative, and some government won't allowed crypto being used for transaction payment, to make bitcoin into healthy currency the demand and supply need to be balance

When people refuse to sell what they are holding then there is a tendency as well that there will be big dump that will happen in the future because once the price goes down, there is a tendency that it would become a major sell off and the holders will panic causing a big red candle and it would have a domino effect until such time that sellers are exhausted so it would be better that there would still be volume in trading which is buying and selling so that there is an organic growth.



Title: Re: What should we focus on more? Demand or Supply?
Post by: Altf4 on September 01, 2018, 10:00:20 AM
Because of the many coins that are in the market now ,then we can say that thete are plenty of supply of tokens and coins in the market ,so we will focus on the demand of the customers and investors for wr have already the plenty of supply of coins in the market.


Title: Re: What should we focus on more? Demand or Supply?
Post by: mitchr4 on September 01, 2018, 10:02:14 AM
I prefer demand even though supply is also very useful for smooth sales. But without a lot of demand sales will not succeed. Supply can be tricked if the demand is high total supply can be added again but not for demand because this comes from people who are interested in buying it.


Title: Re: What should we focus on more? Demand or Supply?
Post by: valentinen39 on September 01, 2018, 10:21:56 AM
For me both are needed. Because if we can see supply is very low, then this coins price should go very high within short time. Also if we can see demand is very high, then there have lot of chance for price rise. So we need to focus both demand and supply.

In my own opinion, demand is more important because in this way the price will increase as well if there is a high demand on the market in a specific coin.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Betwrong on September 01, 2018, 04:56:38 PM
It is easier said than done, because a lot of people would be very reluctant to spend any bitcoins when the price is very low.

Since 2017 a lot of speculators have started to invest in Bitcoin and their sole purpose is to maximize their profits. They could

care less about merchant adoption and even considering spending some of their coins. We should focus more on a 50/50

percentage split in our efforts to grow demand and also to limit the supply. Now, I am not saying spending 50% of your

coins, but rather focussing more on spreading Bitcoin awareness.  ;D

I thought OP meant holding 80% and spending 20%. No? No one would advise spending 80% nowadays, when the price is so low. But I absolutely agree with you on focusing more on spreading Bitcoin awareness. We need much more people using Bitcoin for its stability because right now most part of BTC is still in hands of a few people and those people can easily manipulate the price. With more adopters BTC will be reallocated among many users each of whom will be holding amounts too small to be able to manipulate the price.


Title: Re: What should we focus on more? Demand or Supply?
Post by: BitHodler on September 01, 2018, 10:17:47 PM
Well considering on a business perspective, accepting bitcoin as a payment is definitely risk with its volatile value. Not to mention the transaction speed, business owners are at a double-edged sword if they accept bitcoin as an alternative payment.
The risk of volatility and everything else you state can be countered simply by using a third party payment gateway to take care of storage and conversion to fiat. Merchants don't have to deal with Bitcoin if they don't want to.

Some payment gateways give you the freedom to also partly have your sales transactions converted to fiat, but that's probably not a smart thing to do since merchants aren't supposed to use Bitcoin as speculative vehicle.

In other words, the problem isn't Bitcoin, but more so the overall ignorance. If merchants know that there is a great way to hedge volatility risks, there probably would be more places where we could spend Bitcoin right now.


Title: Re: What should we focus on more? Demand or Supply?
Post by: ylnar123 on September 01, 2018, 10:21:46 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

I strongly believe that on what you suggest is a good idea. Sharing the information about how and what are the usage of Bitcoin will help the demand increase. Hoarding would only escalate when thing goes the other way. The technology that Bitcoin has offered is what people should know and not what the price it has.


Title: Re: What should we focus on more? Demand or Supply?
Post by: 2weent6 on September 01, 2018, 10:31:25 PM
For me both are needed. Because if we can see supply is very low, then this coins price should go very high within short time. Also if we can see demand is very high, then there have lot of chance for price rise. So we need to focus both demand and supply.

In my own opinion, demand is more important because in this way the price will increase as well if there is a high demand on the market in a specific coin.
We cannot do anything about the supply especially when we are talking about bitcoin, so its better for us to focus on the demand because its given that the supply of bitcoin is limited and when we are focusing on the demand, the price will become higher.


Title: Re: What should we focus on more? Demand or Supply?
Post by: anavir on September 01, 2018, 11:33:27 PM
for me, both are important because even their is enough supply but no demands the result is fluctuation although it could help some investors to invest more but what about those are waiting for the high price?when their is big demand,their is a need of big supply too meaning,both will go together


Title: Re: What should we focus on more? Demand or Supply?
Post by: Ziskinberg on September 01, 2018, 11:43:09 PM
for me, both are important because even their is enough supply but no demands the result is fluctuation although it could help some investors to invest more but what about those are waiting for the high price?when their is big demand,their is a need of big supply too meaning,both will go together
Exactly.Both should increase together.If there are more demands already,so more investors will make investments and it needs a big amount of supply too.I think both should work together hand in hand so we can expect a positive outcome in the end.


Title: Re: What should we focus on more? Demand or Supply?
Post by: MMysterious on September 01, 2018, 11:57:04 PM
for me, both are important because even their is enough supply but no demands the result is fluctuation although it could help some investors to invest more but what about those are waiting for the high price?when their is big demand,their is a need of big supply too meaning,both will go together
Exactly.Both should increase together.If there are more demands already,so more investors will make investments and it needs a big amount of supply too.I think both should work together hand in hand so we can expect a positive outcome in the end.

I get your point. If need stability supply and demand should increase or balance and its called economic equilibrium where in supply and demand meet at a certain point but if you want the price to go higher you need a bigger demand and i would say limited supply. The scarcity of a certain product will drive the price to go higher when you have a demand on that. Maybe supply and demand is so important but I do think Demand makes a difference.


Title: Re: What should we focus on more? Demand or Supply?
Post by: BertoloyBTC on September 02, 2018, 01:07:41 AM
We will be much focusing on the demand of cryptocurrency ,because if we talk of supply there are many new launched tokens and altcoins in the market , so there is no problem with regards to narket supply because of the altcoins flooding in the market cap now, so the demand for customers and investors are much to be focus as of now.


Title: Re: What should we focus on more? Demand or Supply?
Post by: shesheboy on September 02, 2018, 04:50:03 AM

@op that will depend on you . if you are an investor or trader then you need to focus on the supply of the coin before you buy them because some people say that if a coin has a less supply there is high chance that those coin can increase and pump more when compared to the coins that have a lot of supply .

but if you are a worker and only depending on the value of btc , then it is obvious that you want more demand because the higher the demand the higher the price will also get by cryptos .


Title: Re: What should we focus on more? Demand or Supply?
Post by: justspare on September 03, 2018, 02:53:00 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  
That's not how things work. You can't just focus more on one thing. We don't live in a world that has perfectly elastic supply or a world of perfectly inelastic demand. This won't make sense to you,if you haven't learnt Economics.

If you focus on demand more, then we will be forced in a situation where demand drops and supply increases until they crossover at a point called equilibrium which would decide the equilibrium price and equilibrium quantity. Same applies to supply.

Crypto-economics is different than normal economics, so things can be more complicated than what I said.
Agreed 100%! It is indeed glaring to everyone how complex things are in this space and for the fact that most investors see it more as an investment and would rather hold than spend considering the level at which the value can reach eventually has made it more of a speculative asset than for it to be used as a currency.

We also cannot expect things to happen overnight, as all these things will be a gradual process until we achieve equilibrium, and this is where the idea of having a somewhat less volatile value will come in, but we all know it is actually not that easy and like you said, it is really easier said than done.


Title: Re: What should we focus on more? Demand or Supply?
Post by: pobeditelvezde on September 03, 2018, 10:20:11 PM
It is the quite strange question because demand and supply are both important equally. As we know if demand is bigger than supply then a price of a particular asset goes up and obviously if supply is bigger than demand then a price goes down respectively. If demand and supply are approximately equal than a price is not changed sufficiently. Iam sure we should wait a new hype around crypto currencies that will cause new tremendous demand but actually I do not know when it will happen. I am observing the crypto market and I do not see any demand increasing instead crypto assets are in stagnation or in a downtrend


Title: Re: What should we focus on more? Demand or Supply?
Post by: pitiflin on September 03, 2018, 11:31:26 PM
Agreed 100%! It is indeed glaring to everyone how complex things are in this space and for the fact that most investors see it more as an investment and would rather hold than spend considering the level at which the value can reach eventually has made it more of a speculative asset than for it to be used as a currency.

We also cannot expect things to happen overnight, as all these things will be a gradual process until we achieve equilibrium, and this is where the idea of having a somewhat less volatile value will come in, but we all know it is actually not that easy and like you said, it is really easier said than done.
When there's a price, there's an equilibrium. As soon as anything hits the market, equilibrium comes into position. There'll be some point,where the market would be in disequilibrium, only to go back to the equilibrium point at a later stage.

People don't understand at all,that there is something called economics, and that plays a big role. I feel bitcoin is somewhat headed to the same 1929 The great Depression scenario, people didn't realize that economics is also dealt on an entire economy level and not just on a micro level. But in bitcoin, people don't even see anything of it related to economics. Its disappointing that more stupid people are involved in it,and not more smart people.


Title: Re: What should we focus on more? Demand or Supply?
Post by: hildacitra on September 04, 2018, 01:02:16 AM
To me, both demand and supply should be main focus, because those are go run together. The supply should fill the demand otherwise there will be unstable on the market/value. There are many people are hoarding their coins because they think that it is better holding and hoarding their coins rather than selling it, in fact that the market is not stable.

We should prevent hoarding to avoid dump, people now tend to be greedy. They never think and feel other.


Title: Re: What should we focus on more? Demand or Supply?
Post by: chocolah29 on September 04, 2018, 05:40:03 AM
~

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

IMO, adoption of merchants isn't the only way to have a massive increase, we can still achieve this by buying more even we don't spend it. The fact that the value grows significantly, some prefer this to hold than use.

Consequentially, merchants shouldn't be the issue here since merchants isn't open for this, so the least we can do is refrain ourselves from selling, since selling will just make some dips thus buying more is a key to heightened the demand. Actually, this should start from ourselves.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Ctn on September 04, 2018, 06:16:34 AM
for me, both are important because even their is enough supply but no demands the result is fluctuation although it could help some investors to invest more but what about those are waiting for the high price?when their is big demand,their is a need of big supply too meaning,both will go together
Exactly.Both should increase together.If there are more demands already,so more investors will make investments and it needs a big amount of supply too.I think both should work together hand in hand so we can expect a positive outcome in the end.

Nah, it doesnt work like that mate. The crypto currencies when formed are completely independent of supply, they all have the limited supply and thus there is no way one can increase them in the later period. They are already fixed up when they are forming a smart contract with the platform. Only those coins which are centralised one will have the unlimited supply but as we know very well, their value is not rising properly because supply is always higher than the demand. As soon as demand goes up the supply is raised and thus it gets diluted. Its better to have the same condition which we see today.


Title: Re: What should we focus on more? Demand or Supply?
Post by: spongegar on September 04, 2018, 06:23:18 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

It is true that in the case of crypto currency, demand should be increased by accepting more and more platforms for bitcoin or any other crypto currency to be more and more useful and increase awareness. Simply put, if more and more people know of crypto currency, the more people will buy it.


Title: Re: What should we focus on more? Demand or Supply?
Post by: yonjitsu on September 04, 2018, 06:49:05 AM
What's about for supply if noone demands for it? IMO, prices are low if the demand is low too so i think the increasing demand of people especially towards cryptocurrencies will drive the crypto/cryptomarket towards its healthy status that may even last for a long time.


Title: Re: What should we focus on more? Demand or Supply?
Post by: streazight on September 04, 2018, 06:58:18 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  
When people hold a lot of Bitcoins it will prevent manipulation just like someone once said… but if there are lots of people selling out their Bitcoins, it will lead to a huge drop in the price of that particular cryptocurrency creating a chance for ‘Pumpers’ (who are usually a group of investors working together) to get in and buy at a very cheaper rate and raise the price to higher rate and once it’s up they will dump it again.

These people don’t get chance when there are lots of people holding. But don’t forget that this pump is a way for many people to make profit from crypto.


Title: Re: What should we focus on more? Demand or Supply?
Post by: resty on September 04, 2018, 07:41:37 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

I started to go in business of bitcoin of course I choose to focus on supply first which I buy a large amount of stocks and preparing to Invest later to the purpose of getting big profit after the deflation rate of bitcoin.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Getcoinsite on September 04, 2018, 08:06:43 AM
THE main reason why satoshi nakamoto created this coin is to be used as currency,virtual money that may act as payments for all transactions online.and hoarding is not part of the plan the matter is this greed people find it profitable that holding large amount of this coin may bring them profit because they can control the market price from this..I believe that bitcoin is more profitable if this will circulate and not be hold


Title: Re: What should we focus on more? Demand or Supply?
Post by: fasdorcas on September 04, 2018, 10:40:47 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  
To me, 100% hoarding even makes it more centered on a speculative investment than getting to see its real life usage as a currency in action. Hoarding by everyone will not solve that part that I just mentioned because it is supply and demand that really makes the market and for what it is worth, as long as the supply is intact, and we get a lot of demand for it as currency, we will be able to see a balanced curve.

Not like hoarding is bad, and for sure demand is far more important for the growth in value of anything, but at the same time, we should not because of that rule out supply just like you mention.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Ewinsane on September 06, 2018, 11:40:41 AM
for me, both are important because even their is enough supply but no demands the result is fluctuation although it could help some investors to invest more but what about those are waiting for the high price?when their is big demand,their is a need of big supply too meaning,both will go together
Both are always going to be important in any market which is what makes it a market anyway. Usually, there will always be some elastic limit which could happen in both sides and then we get to see the market being overbought or oversold and then the possibility of a reversal.

This is where demand and supply comes in. However, it is understandable that when demand is far more than supply, in this instance, the price tend to increase and vice versa, which in a way makes both a price determinant.


Title: Re: What should we focus on more? Demand or Supply?
Post by: sublime5447 on September 07, 2018, 03:52:15 PM
This is the erro (http://hafana.com)r of the HODLer's mindset, no I don't blame the HODL principle, I agree with this thread that we should not be afraid to use Bitcoin because it can increase demand and in my opinion HODL doesn't have to be forever, you should have a target when you have to HODL then buyback to reach the next target


Title: Re: What should we focus on more? Demand or Supply?
Post by: justdimin on September 09, 2018, 02:00:31 PM
This is the erro (http://hafana.com)r of the HODLer's mindset, no I don't blame the HODL principle, I agree with this thread that we should not be afraid to use Bitcoin because it can increase demand and in my opinion HODL doesn't have to be forever, you should have a target when you have to HODL then buyback to reach the next target
The main question here is not that should we focus on getting demand or supply higher, neither the op nor probably none of us has the power to change the current demand or supply all ourselves.

Of course what he means that what should we look at to try to understand the upcoming increases or decreases in the price which means the proper way to ask this question is "do you think demand or supply effects the market more" and that is of course can be answered "both" because if the demand is more than supply than the price of bitcoin goes up and if the supply is more than the demand than the price of bitcoin goes down.

It is simple math really after all :).


Title: Re: What should we focus on more? Demand or Supply?
Post by: noah tall on September 09, 2018, 02:50:42 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

It is true that in the case of crypto currency, demand should be increased by accepting more and more platforms for bitcoin or any other crypto currency to be more and more useful and increase awareness. Simply put, if more and more people know of crypto currency, the more people will buy it.
In cases where there is a mass adoption, it is sure demand will always increase more than supply and since a lot of holders will prefer that anyway, it makes it more of a focus for a lot but in the real sense, demand and supply are equally important as that in a way brings about a balance eventually in the market.
The good thing though about most cryptocurrencies have a limited supply which brings about the deflationary nature, and in that case, there will always is more when it comes to demand eventually.


Title: Re: What should we focus on more? Demand or Supply?
Post by: carlisle1 on September 09, 2018, 03:09:49 PM
Nice post dude,you have alots of good eyesight about the circulation of the market as I believe that satoshi nakamoto created bitcoin to be a material for payments not for being hold,yes i admit that i am holder of this prestigious coin but i use this also for some payments in real life things that must be realized by the biggest holders of the cryptocurrencies


Title: Re: What should we focus on more? Demand or Supply?
Post by: Red Fire on September 09, 2018, 03:15:20 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  
Well, i think the higher the demand, the higher the price. But i guess, we need to balance the supply and demand to control the price in a right price. not low, and not that much high. But in crypto, we need a higher demand than higher supply.


Title: Re: What should we focus on more? Demand or Supply?
Post by: jeromix on September 09, 2018, 03:18:24 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  
This thread is encouraging people to hold bitcoins and i agree with it because it will help market price for bitcoin to increase. There is no better idea than giving FUD's to investors that will going to believe and will going to sell their bitcoin holdings because of false information widely spread among the FUDster's. I should hope that many will going to buy bitcoin and hold for now as the current market for bitcoin looks so bad.


Title: Re: What should we focus on more? Demand or Supply?
Post by: virendarnagpal on September 09, 2018, 03:50:11 PM
I am of the view the spending more and more bitcoins will increase its' popularity.  Spending more will depend  on the number of institutions / firms / organisations accepting bitcoin as payment for their services / commodities.  
So more and more institutions should be motivated or they should come forward in accepting bitcoin.  Then bitcoin will be used for the original objective for which it was created i.e. currency payment.


Title: Re: What should we focus on more? Demand or Supply?
Post by: jeromix on September 09, 2018, 03:57:20 PM
We will be much focusing on the demand of cryptocurrency ,because if we talk of supply there are many new launched tokens and altcoins in the market , so there is no problem with regards to narket supply because of the altcoins flooding in the market cap now, so the demand for customers and investors are much to be focus as of now.
Here in cryptocurrency it is not like that because the supply is being determine already and this will be the basis for the market price to increase. The lesser the supply the  higher the market price of the crypto will be. So this will lead to a competition where one should buy more of that crypto because that crypto has a huge profit from the implementation and realization of the project.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Akoldi_ibk on September 09, 2018, 06:51:55 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  

I absolutely agree with your point and your strategy. However, everyone knows what works best for him/her. Meanwhile let's not forget that the supply of bitcoin is fixed. The focus should be on demand which will be drive by merchants accepting bitcoin as payment method.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Vaculin on September 09, 2018, 09:15:57 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8) 

I absolutely agree with your point and your strategy. However, everyone knows what works best for him/her. Meanwhile let's not forget that the supply of bitcoin is fixed. The focus should be on demand which will be drive by merchants accepting bitcoin as payment method.
Right.We should have more focus on the demand itself because if the demand increases,the price will continue to rise up and will reach new heights.More people will benefit from it especially for those who have made long term holding of bitcoins.Eventually more merchants will start to accept bitcoins in exchange for goods and services.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Kelvinid on September 09, 2018, 10:56:03 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8) 

I absolutely agree with your point and your strategy. However, everyone knows what works best for him/her. Meanwhile let's not forget that the supply of bitcoin is fixed. The focus should be on demand which will be drive by merchants accepting bitcoin as payment method.
There should be more demand knowing the supply is already fixed.If this will happen,good things will happen continuously to crypto and in a short time from now,more establishments will now be open in accepting bitcoin as a payment system.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Google+ on September 10, 2018, 02:20:02 AM
Even though the demand and total supply of bitcoin has an effect that makes the bitcoin price conditions have a movement, but there are some other things that make the price of bitcoin has a movement, one of them is the bad news and some information in some countries so you should not just focus on demand and total supply only.


Title: Re: What should we focus on more? Demand or Supply?
Post by: reil2014 on September 10, 2018, 02:34:01 AM
In my opinion giving them a proper education on cryptocurrency is one of the good idea. Teaching them to explore more before making moves.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Pamadar on September 10, 2018, 02:44:15 AM
Even though the demand and total supply of bitcoin has an effect that makes the bitcoin price conditions have a movement, but there are some other things that make the price of bitcoin has a movement, one of them is the bad news and some information in some countries so you should not just focus on demand and total supply only.
Part of this market is also the acceptance of each communities who supposed to use the system, though it will also ends up with supply and demand after, but more public advertisement and allow the majority to use the system as an alternative ways for transacting payments process, the purpose should be the priority and not alone as an investment vehicle for future gains, in this early age of crypto we should focus on how things can be usable and how community will be able to help the system to attract more users and investors.


Title: Re: What should we focus on more? Demand or Supply?
Post by: BitTraderCute on September 10, 2018, 03:07:30 AM
Even though the demand and total supply of bitcoin has an effect that makes the bitcoin price conditions have a movement, but there are some other things that make the price of bitcoin has a movement, one of them is the bad news and some information in some countries so you should not just focus on demand and total supply only.
good or bad news are the thing that influenced to supply and demand amount.it has direct correlation and could not walk alone.for example if good news come to market, the demand automaticly increase.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Onah on September 10, 2018, 03:35:50 AM
Definitely demand. More demands more buyers.
Buyers will bring more buy volume which will put pressure on the bears. I believe the market will go positive when we have more buyers.


Title: Re: What should we focus on more? Demand or Supply?
Post by: bsce1-1 on September 10, 2018, 06:26:03 AM
Indeed, in the economics they should have demand and the supply. Supply is one who supple the product while the demand is willingness and ability to purchase a commodity or service, it also called the buyers. We should focus in the two which are demand and supply, they must be balance in the world of economics. In overall, in the cryptocurrency market is same as in the economy that should be balance the demand and supply to run properly and correctly.


Title: Re: What should we focus on more? Demand or Supply?
Post by: ApocalypseNow on September 10, 2018, 07:07:30 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  



Those crazy-rich whale probably won't consider our concerns and at this point, they must have hoard almost the 50% supply of bitcoin. Our only way is to increase the demand and awareness so when it rises, the whales will release a great portion of what they have hoarded for many years.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Badu1 on September 10, 2018, 07:14:37 AM
I am personally in the demand for bitcoin and other Altoona.  This is the time I see to be good to invest in the coins since the spike will come but as to how soon,i don't know specifically.


Title: Re: What should we focus on more? Demand or Supply?
Post by: juperos on September 10, 2018, 07:28:18 AM
I think we should focus on demand. Because the most important thing in a new market is demand. If the demand is not large it will lead to reduced liquidity and the market will not have much activity. So I think the demand is important.


Title: Re: What should we focus on more? Demand or Supply?
Post by: squog on September 10, 2018, 09:00:20 AM
I think what we should really focus on is the demand. No matter what it is, if people wants it then we can sell it. That is the basis of a business outline. Creating a demand. Once you've done that, the supply you'll be making will be eaten up by the consumers in general. I think the same could be said in Crypto currency.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Kittygalore on September 10, 2018, 09:08:42 AM
I think if we are going to make the economic subject as the baseline then I think demand will be the one who could drive the market to have a huge recovery. This movement will be brought by an increasing demand.

This is true. If the demand will rise then probably the value of the bitcoin will also rise. It os the rule in economics im which if there will be a shortage in supply because of the high demand then rhe market value or the price will go high. At that is what expected to happen in the bitcoin. That is why hodlers are waiting forore investors tonhve a better profit.


Title: Re: What should we focus on more? Demand or Supply?
Post by: RivAngE on September 10, 2018, 09:16:00 AM
As long as the prices are so low, personally I'm not interested in doing purchases with cryptocoins... especially BTC which has higher tx fees than PayPal or credit card... at least when doing small purchases.
I think the only viable way to reduce the "supply" of BTC is to reduce the mining rewards but this won't happen for more than a 1,5 year now.

And since we're in the Economy section and not the Bitcoin section, I believe it's fine to mention one interesting solution an altcoin has found to control the supply.
XDNA's team has created an algo which is changing the mining reward amount based on the total hashrate of the network.
1) When the price of a coin falls, naturally miners will start leaving.
2) If miners leave, the hashrate drops.
3) If the hashrate drops, less coins are generated.
4) If less coins are generated, there's less supply.
5) If there's less supply, the price's momentum is pushed upwards.
So lower price = less supply! I found it brilliant when I first read about it! ;D


Title: Re: What should we focus on more? Demand or Supply?
Post by: indrakusumaindra on September 10, 2018, 11:45:00 AM
Well demand is the most important things that could drive the price of cryptocurrency, a coin without demands would make the coins useless and worthless. Supply is good for developments of price the more scarce of the coins the more valuable the coins is but still demands is the most important thing than supply.


Title: Re: What should we focus on more? Demand or Supply?
Post by: HI KITTY on September 10, 2018, 01:01:44 PM
People must be aware how the market goes I think we have to focus in both, we have to know how manage between the supply and demand.
we should aware what is the most demand products  before we get a supply what people needs in their daily life what people need to fulfill the 3 major needs of a people like foods materials in building their houses  clothing i think these are the most demands product we should focus  in the market


Title: Re: What should we focus on more? Demand or Supply?
Post by: Supercrypt on September 11, 2018, 06:10:33 AM
In my opinion giving them a proper education on cryptocurrency is one of the good idea. Teaching them to explore more before making moves.
It is not like most people do not have proper education on what cryptocurrency and blockchain technology is all about and indeed we can as well just keep on with the mindset that the long term is what it is which is there is absolutely no doubt about it.

Moreover, if there is no usage, then at some point, we will get to see more speculation and it is this real usage that brings in both demand and supply. I would say, for a matured market, this is something that we will always get to see, so I can just assume we are not there yet.

As time goes on, people's mindset will start changing towards spending, when we start getting close to the balanced state with a high volume market with less volatility.


Title: Re: What should we focus on more? Demand or Supply?
Post by: btcrich2020 on September 11, 2018, 06:29:26 AM
Well demand is the most important things that could drive the price of cryptocurrency, a coin without demands would make the coins useless and worthless. Supply is good for developments of price the more scarce of the coins the more valuable the coins is but still demands is the most important thing than supply.

We have to consider both supply and demand for the coin in order to increase it's price when the developments kept going on. We should also consider how far the price of the coin will reach if there is a huge demand for any coin and some time it is impossible to predict how much the price will increase.


Title: Re: What should we focus on more? Demand or Supply?
Post by: gambitcoin53 on September 11, 2018, 06:30:12 AM
i agree, since bitcoin can be mined, the supplies are out of the question, what matters is the demand on the market, how we introduce bitcoin to a common people, for the past years, the unspoken truth can be found on people's perception towards bitcoin, the supplies are there, but the demand is underrated, we are not yet on the level of a fix supplies and growing demands, therefore we should focus on how we can pump up the demand.


Title: Re: What should we focus on more? Demand or Supply?
Post by: naidray on September 11, 2018, 08:04:28 PM
This is the erro (http://hafana.com)r of the HODLer's mindset, no I don't blame the HODL principle, I agree with this thread that we should not be afraid to use Bitcoin because it can increase demand and in my opinion HODL doesn't have to be forever, you should have a target when you have to HODL then buyback to reach the next target
It is the usage that even counts the more. This is what brings in more demand and the reason why people will over time experience and see the value it brings. The HODL aspect is what has created more speculation in the market and has driven the market to more of a speculative asset that for it to be used more in real life as a currency. Both supply and demand are equally important and this is what brings about a balance to some extent to a market. However, we cannot blame anyone, it is what it is, and I believe that over time things should change.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Dodongbtc111 on September 11, 2018, 08:39:40 PM
Both of this well work together in a certain economy. We all know that as demand works out supply well also work. This way this two are both important things in economy.


Title: Re: What should we focus on more? Demand or Supply?
Post by: galundan9 on September 11, 2018, 09:36:41 PM
Both of this well work together in a certain economy. We all know that as demand works out supply well also work. This way this two are both important things in economy.
it's true that both of them also influence enough in terms of price and decreasing prices so that the economy can move steadily stable, if both work in balance, but most offerings work higher so as to make the economy decrease.
In addition, stocks are still available, but demand is still low enough so that to raise the economy will be a little difficult, we must be able to change the eyes of the people who still underestimate it to be interested.


Title: Re: What should we focus on more? Demand or Supply?
Post by: jambul_kribo on September 12, 2018, 01:25:57 AM
Well demand is the most important things that could drive the price of cryptocurrency, a coin without demands would make the coins useless and worthless. Supply is good for developments of price the more scarce of the coins the more valuable the coins is but still demands is the most important thing than supply.
supply and demand are unseparate thing from any market.equilibrium between supply and demand could make cryptocurrency price stable.but that was not expected by investor.they want difference between supply and demand so they could take opportunity to gain profit from it.


Title: Re: What should we focus on more? Demand or Supply?
Post by: microwave on September 12, 2018, 02:40:27 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  


We should understand that the supply and demand is important for every investor we don't get a lot of supply if the demand is very high also we don't demand the high price if the supply is volume. the important here is balance it depend the person how they handle the situation like that.


Title: Re: What should we focus on more? Demand or Supply?
Post by: agimat on September 12, 2018, 02:53:52 AM
People must be aware how the market goes I think we have to focus in both, we have to know how manage between the supply and demand.

In reality in this kind of investment we only observe the demand of the coins so that if the said coin is highly in demand surely value will be very high, while the supply will be low in the market, being an investor you should observe both.


Title: Re: What should we focus on more? Demand or Supply?
Post by: jamids on September 12, 2018, 03:22:41 AM
Both of this well work together in a certain economy. We all know that as demand works out supply well also work. This way this two are both important things in economy.

But when it comes to bitcoin, we should focus more on demand because we know that the supply is fix that's why we should be proactive in letting others know about bitcoin. Others may be skeptic when they hear bitcoin because they already have an idea about it when they saw it in the news and unfortunately it would be about being scammed. They though that bitcoin is the scam because they were misinformed and add to it the people who left cryptoverse because they are discouraged by the price decrease.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Persiontateneis on September 12, 2018, 10:03:11 AM
If no ones do supply any bitcoins they the price is not gonna rise instead it will drop down even further. To Increase the Bitcoin price we have to increase the demand and decrease the supply just enough to make everyone keep using it. you can not ask 10000$ for 0.1btc that will not work.


Title: Re: What should we focus on more? Demand or Supply?
Post by: 0t3p0t on September 12, 2018, 10:47:55 AM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  
Since we are into like treating Bitcoin as an investment instead of using it as a currency for payments or buying of stuff I think it would be nice if we hodl 50% for future preferrences and then use the remaining 50% for something that we can buy or pay online. I actually did the same hoarding and using Bitcoins to buy prepaid loads or whatever that I like to buy online that accepts Bitcoin payment. Since it's so hard to find offline merchants here in my country for my basic needs I need to convert it to fiat.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Xising on September 12, 2018, 11:43:40 AM
Maybe it would be more effective if we encouraged businesses to accept Bitcoin rather than encouraging end users to spend them lol.

Well, IMO encouraged users who want to actively use and spend bitcoins at a store, can have an influence on the owner of the store to accept BTC (to encourage businesses).
But encouraged businesses which accept BTC don't have such a big influence on their customer to pay with BTC. Most of them would probably stick with their credit card (regardless of a "BTC Accepted Here" - sticker).

A user base (and new user who want to actively use BTC as a currency) are thriving the adoption forwards. Not businesses accepting it as a payment option per se.

That can be a good case scenario because that can actively increase Bitcoin transactions, which may contribute on its value going up. However, as Bitcoin has already evolved into an asset that is capable to be used as an investment medium, then many would have qualms of just using it in its most basic form, as a currency. Because of you would just dispose your Bitcoin like that, then it would be very wasteful, instead of having the chance to hold it and dispose it for profit when the time comes. Also, as more and more uses of cryptocurrencies unfold, forcing people to spend it or dispose it will be more difficult because it won't get them much of a return if they don't really sell it off as an investment. Another aspect right now is the hodling game, I mean, many users follow that strategy, which really clogs the system of unused coins that affects the demand in a bad way.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Vaculin on September 12, 2018, 11:50:42 AM
Both of this well work together in a certain economy. We all know that as demand works out supply well also work. This way this two are both important things in economy.
Right.They should be working together hand in hand to create a positive outcome.I think if we can increase the demand itself for cryptocurrency,the supply will also grow making more people benefit from it especially the high price for crypto will now be achieved.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Potato07 on September 12, 2018, 12:23:49 PM
I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price. <mostly speculators>

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them. <No matter how low the price is>

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins. <So when the price increase, you will not have regrets that you spend those coins>

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption <Merchants & Bitcoin users >  8)  
You are right, in that way we are making bitcoin active again it didnt become passive tho. What I am just saying is since btc is dropping in its price people are selling their btc, and with that the other will hold it until btc price rise again. Which i think is wrong, instead we should use bitcoin in our daily basis so that it will increase the dependency of people on it which will increase the demand of it.


Title: Re: What should we focus on more? Demand or Supply?
Post by: BlueStackz on September 14, 2018, 05:33:29 AM
This is the erro (http://hafana.com)r of the HODLer's mindset, no I don't blame the HODL principle, I agree with this thread that we should not be afraid to use Bitcoin because it can increase demand and in my opinion HODL doesn't have to be forever, you should have a target when you have to HODL then buyback to reach the next target
Now this is good if we think for our benefit, we just think for the future price of Bitcoin and do not think that how will it increase in value. So if we have started thinking about it now, Bitcoin’s supply and demand is the base of its price to increase or decrease in value. If the number of participants in the market with their huge investment increases then the price will also increases.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Finnong on September 14, 2018, 05:47:00 AM
BOTH, if we focus on both by balancing it on percentage on a biweekly or monthly basis you’ll see the progress of it. If you focus only on one, you might not be helping the cryptocurrency in the long run.


Title: Re: What should we focus on more? Demand or Supply?
Post by: St4yInTh3D4rk on September 14, 2018, 05:48:29 AM
I too agree that we need to increase the awareness of bitcoin to increase its demand which can be a long term effect in the price increase and also adoption will makes the bitcoin to be used as payment system in our day to day life but for that to happen we need to convince the people as this is the decentralized money not as more profitable investment then people will dump their coins at some point.


Title: Re: What should we focus on more? Demand or Supply?
Post by: enogheghase123 on October 03, 2018, 06:49:39 AM
i think the balance should be maintained, that point of equilibrium, where demand equals supply, so for there to be a healthy crypto environment, demand should always equate supply, am not of the opinion to hoard to influence demand, i think we should lay more emphasis on mining, so that at any point, demand will always be equal to supply. we dont want to leave the market control to the whales.


Title: Re: What should we focus on more? Demand or Supply?
Post by: Bestorm on October 03, 2018, 07:41:44 AM
From my point of view, we should focus on the demand more. It is true that the demand rises, the supply also rises


Title: Re: What should we focus on more? Demand or Supply?
Post by: fortuner on October 03, 2018, 07:55:33 AM
if we are based on the scarcity law in the economy, I prefer to focus on demand, because if demand gets bigger on scarce things, then prices will continue to increase every time


Title: Re: What should we focus on more? Demand or Supply?
Post by: hashshashin on October 03, 2018, 07:57:48 AM
At the moment I do not see that the Bitcoin offer is limited and because of this the price is rising. Maybe this will work in the future, but now there’s no problem with buying Bitcoin.


Title: Re: What should we focus on more? Demand or Supply?
Post by: junglist.massive on October 19, 2018, 08:25:07 PM
What I see here most are people who told to HODL, whatever happens, don't sell your Bitcoin forever, like that. They are actually afraid of not being able to buy Bitcoin back because the price is absurdly rise and regret later, but if we look at the price of Bitcoin it’s never same, in other words the price is unstable, I don't think they know thi (http://yubster.com)s .


Title: Re: What should we focus on more? Demand or Supply?
Post by: zoeylee on October 20, 2018, 09:23:14 AM
In my opinion, we should focus of the two. There should be equal between demand and supply so that market will not be compromise.