Demand, Supply and Bitcoin Price

[NewRanger]

The volatility of Bitcoin has led to the shift in engagement because the price of Bitcoin can sometimes determine engagement. Like the economic variables; demand and supply. An increase or decrease in price, can lead to n increase or decrease in demand, conversely an increase or decrease in price can also lead to an increase or decrease in supply. From the aformentioned, one can say, the demand and supply can influence the price of Bitcoin. Can more adoption and engagement influence the price of Bitcoin as st a particular date?

Of course, where demand is high, prices rise, and where demand is low, prices stagnate. However, this is different with BTC, where there will always be high demand, even if many are selling, whether now or in the future. It's a source of pride if you already own some, and don't be tempted to sell your BTC and switch to coins that lack value and fundamentals. Yes, there may be a slight correction now, but we'll see how BTC performs in the future. my expectations, there will be more new ATH in the future in market.

[Synchronice]

The volatility of Bitcoin has led to the shift in engagement because the price of Bitcoin can sometimes determine engagement. Like the economic variables; demand and supply. An increase or decrease in price, can lead to n increase or decrease in demand, conversely an increase or decrease in price can also lead to an increase or decrease in supply. From the aformentioned, one can say, the demand and supply can influence the price of Bitcoin. Can more adoption and engagement influence the price of Bitcoin as st a particular date?

More adoption in what way? If some small stores accept Bitcoin payments, that won't to much at first but if everyone copies that strategy, then there will be a change. But from my understanding, there are a few, exceptional adoptions that really influence the price and an example of that is Bitcoin spot etf approval. Also, if companies like Amazon and eBay accept Bitcoin, this will hugely benefit the currency but mostly, giving people easy access to purchase Bitcoin is the thing that really boosts its price, especially when this action is promoted.

[sana54210]

We all know that Bitcoin's supply is very limited, so for a long-term investment, it's a great choice. Just think, if only a few people are selling Bitcoin,
there's a high chance that a large number of people are holding it.

That's why those who hold Bitcoin are truly winners. So, for those of us who are still thinking about it, start now, even little by little. If you do it for 10 years, its value will surely be high.
This is what I truly see happening.

It is both about how limited the number of bitcoins in existence is, and it is also about the fact that we are seeing most people holding. You have to remember, there are a lot of "lost" bitcoins too, 1 million of satoshi as far as we are told, but also, all the people who bought bitcoin and then lost, it still happens even today, but not at large levels.

So that means, we have even less than 21 million, I am estimating it's probably 17 million at most when it reaches the max level. So that, and all the people who are holding and not selling, we have a very small amount of bitcoins available. This is why long term looks amazing for all of us and will not be changing at any given moment. We should be happy with holding as long as possible.

[Gozie51]

Can more adoption and engagement influence the price of Bitcoin as st a particular date?

Yes adoption and engagement will further affect the price of bitcoin but I don't think we are still going to see such kind of increase that we saw during the month of May and precisely May 22 (bitcoin Pizza day), until this year ends.

With the engagement and adoption, we are going to see more hodlers so that the bear season that is expected next year or anytime soon won't be a ridiculous fall to 4 digits. This is what I think because despite the bear, we are still going to see strong hands that will leave there coins to next halving and that means demand and supply will still be on. Take for example before the halving for this season, the price of bitcoin didn't go down below $70k (which is 5 digit) because there are institutions hodling already, El Salvador included. And since then, more institutions have added more to their store house which is going to sustain the tempo and gains made already, like Marathon, Microstrategy, US, China, Coinbase etc. So this will help to stabilize the price of bitcoin not to dip as far as 4 digit before the next halving.

[Baki202]

Of course, where demand is high, prices rise, and where demand is low, prices stagnate. However, this is different with BTC, where there will always be high demand, even if many are selling, whether now or in the future. It's a source of pride if you already own some, and don't be tempted to sell your BTC and switch to coins that lack value and fundamentals. Yes, there may be a slight correction now, but we'll see how BTC performs in the future. my expectations, there will be more new ATH in the future in market.

Bitcoin was actually well designed because they did not even take any marketing step all awareness was done voluntarily but look at the kind of crowd that Bitcoin commands and day by day the transaction of buy and sell is always on demand because the buy and sell have never stopped since I know Bitcoin the market is always active. And situation can slow down the m a rket because from the candle it is something that you will notice.

And that is one good thing when ever the market is experiencing bear its a matter of time the market will eventually bounce up so we can not conclude when ever the market is down. every time in the entire market count because either the price is down or low the mindset of buying always should be there. Because people always think they selling is the best option when the price is down but that is one of the biggest that traders make selling there assets because of change in the market. No matter the number of altcoin they can still not be compared with Bitcoin no matter what.

[Alone055]

My advice OP if you don't have a constructive post you take you time and leave the start a new topic. This post is not worth starting a thread over, who does not know that and increase in adoption, demand has a great positive impact on anything including Bitcoin, I don't see the reason why you are making this thread for.

Lol, exactly, you took the words out of my mouth, as they say.

I also don't understand why this thread was created because it serves nothing other than to begin a discussion that has no meaning or purpose to begin with. Anyone who has a general knowledge about these things, and is a part of the crypto industry, or even any industry in the world, would know that the price of an asset or item increases when its demand increases if it has a limited supply. If people have that product or asset, they will sell it when the price is high, and others will buy and store it with the hope of selling it later at a higher price. What's new in that?

When we start a discussion, we should make sure that we are initiating a discussion that isn't repetitive, or at least make sure that we are not discussing something that isn't going to contribute in anybody's knowledge much because whatever is going to be discussed will most probably already be known by everyone.

[harapan]

From the aformentioned, one can say, the demand and supply can influence the price of Bitcoin. Can more adoption and engagement influence the price of Bitcoin as st a particular date?

This is a certainty that demands and supply has always influenced the nature of a thing be it goods or commodities and in Bitcoin it hasn't exempted itself and which has led to a tremendous impacts in the crypto community, so your question is answered rightly that yes since demands and supply can influence the price of Bitcoin it thus would do same having influenced by an adoption or engagement.