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Question: Which one is better for bitcoin future? Mass adoption or huge price increase?
Mass adoption
Huge price increase
I don't know/I don't care

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Author Topic: Which one is better for bitcoin future? Mass adoption or huge price increase?  (Read 13051 times)
MingLee
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November 20, 2016, 05:00:00 AM
 #181

Mass adoption is far better because with mass adoption, you're also going to get a price increase. Not as much as you're probably thinking right now, but it goes up and benefits everyone.

Plus the economy starts moving faster, there are more markets that open up and starting a business isn't as competitive as it could and would be under current conditions.
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November 20, 2016, 05:19:59 AM
 #182

Mass adoption is far better because with mass adoption, you're also going to get a price increase. Not as much as you're probably thinking right now, but it goes up and benefits everyone.

Plus the economy starts moving faster, there are more markets that open up and starting a business isn't as competitive as it could and would be under current conditions.

This is a two sided questions. If there masses involved every one will use it that's good, but suddenly there may be so many bitcoins that people loose interest and price crash. Secondly if price rises it will be limited to the existing one, no one would come at such prices. So I think there should be a common ground.

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November 20, 2016, 05:24:54 AM
 #183

I think both important about Mass adoption or huge price increase. but I choose mass adoption when much people use bitcoin so many advantages to bitcoin price may also rise as a result many are using.
I hope the point bitcoin prices remained stable and still rising.

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November 20, 2016, 05:43:49 AM
 #184

Both are important, as mass adoption would allow more demand for bitcoins which will automatically become the reason for higher prices, and if higher prices are there already, others might take a dip of their salaries into bitcoins to take advantage of trading its volatility.

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November 20, 2016, 06:18:07 AM
 #185

Both are important, as mass adoption would allow more demand for bitcoins which will automatically become the reason for higher prices, and if higher prices are there already, others might take a dip of their salaries into bitcoins to take advantage of trading its volatility.

I do agree with your statement and both  goes hand in hand in my opinion. As the law of supply and demand goes, more demand means high prices of bitcoin. We already know that bitcoin has a fixed number only in circulation.

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November 20, 2016, 06:46:27 AM
 #186

Mass adoption is far better because with mass adoption, you're also going to get a price increase. Not as much as you're probably thinking right now, but it goes up and benefits everyone.

Plus the economy starts moving faster, there are more markets that open up and starting a business isn't as competitive as it could and would be under current conditions.
Yeah basically when there is mass adoption the same amount of bitcoins are distributed among more and more users hence the demand increases for bitcoins which itself mean that there is price increase. While a simple huge price increase will give profit to its current adopters and not much spread of bitcoins to new users.














 

 

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November 20, 2016, 06:58:46 AM
 #187

I think it depends on who you are asking,  investors that think about the profit does not care about the future of their investment, they are more focus on the money that they will make the moment there is a spike in price of their holdings, so probably this kind of people will thing price increase is better so they can sell and walk away.  Supporters, and users that look at bitcoin as long term usage, and have benefits with the advantages it gives would love to see mass adoption in bitcoin.  Mostly, merchants will go for this stuff since mass adoption will simply means a more stable currency and their worries of "accepting bitcoin today and might be worthless tomorrow" will be gone.

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November 20, 2016, 07:17:08 AM
 #188

Both are important, as mass adoption would allow more demand for bitcoins which will automatically become the reason for higher prices, and if higher prices are there already, others might take a dip of their salaries into bitcoins to take advantage of trading its volatility.

I do agree with your statement and both  goes hand in hand in my opinion. As the law of supply and demand goes, more demand means high prices of bitcoin. We already know that bitcoin has a fixed number only in circulation.
actually both huge price increase and mass adoption have its relation,mass adoption will bring huge price increase and if that's the case,there no "which one is better" because choosing one of both means choosing both
even if huge price increases didn't mean mass adoption,people still getting interested by its price rising and see this as some sort of worthy investment

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November 20, 2016, 07:25:26 AM
 #189

Since i see many people only care or focus about bitcoin price and they say it's good for bitcoin future. But, of course we know bitcoin is a currency and we need people who use/accept bitcoin as currency.

So, Which one is better for bitcoin future? Mass adoption or huge price increase?
Of course, we're NOT talking huge price increase because mass adoption.

I would choose mass adoption because bitcoin will be a household term and everyone will be familiar with it which in turn many companies will use it as payment option and then eventually its price will go up because of the demand. With the huge price increase, maybe it just increase because a certain investor saw its potential and eventually buy a bulk of it but eventually there will be a market correction and its price will go down again unlike when there is mass adoption, the movement of prices will not directly affect the prices of items or products that companies will offer because bitcoin is the one being used and there is no need to convert too fiat anymore.

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November 20, 2016, 07:38:18 AM
 #190

i see, more choice a mass adoption, i think choose i don't care because " HUGE PRICE INCREASE because MASS ADAPTION"

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November 20, 2016, 07:49:20 AM
 #191

I think it's better for mass adoption for bitcoin, so we could use bitcoin anywhere. And it will make bitcoin stay alive and strong because many people use bitcoin for their needs. Also o if bitcoin experiencing mass adoption, it will be able to affect the price of bitcoin in future.

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November 20, 2016, 11:14:53 AM
 #192

I think in a way they are interlinked. if there is mass adoption there would be huge increase in price
Definitely that would happen because bitcoin is driven by the demand of the people, if people will continue to trust it and new adopters will be coming in then the price will continue to increase and it's good for the investors like us.

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November 20, 2016, 11:27:31 AM
 #193

I'd say the huge price increase because the it will bring the attention of the mass medias and it will bring awareness.

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November 20, 2016, 11:30:48 AM
 #194

Definitely mass adoption is better, within mass adoption there will be price increase and within mass adoption the price wont be going down because the more people use bitcoin the more demand of the coin and the more valuable will bitcoin be, and i would love to see bitcoin adaption in everywhere

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November 20, 2016, 11:31:01 AM
 #195

Mass adoption is far better, mass adoption is going to expose Bitcoin to large number of people and this will also increase the demand for Bitcoin that has limited supply, a simple law of economics is going to set in, this will bring about huge price increase and the good thing is that, there will be large number of people  to support the price and prevent crash of the price  


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November 20, 2016, 11:37:54 AM
 #196

I will add more thought into this, as I realize if Bitcoin had mass adoption it will be good for people who use Bitcoin to buy stuff also I know the price of it will follow but not as the huge price increase it will have. On the Investor's side it will be better if Bitcoin got a huge price increase as we can sell it in a more profitable way and we know demand will also pile up after.

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zahra4577
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November 20, 2016, 11:39:09 AM
 #197

Since i see many people only care or focus about bitcoin price and they say it's good for bitcoin future. But, of course we know bitcoin is a currency and we need people who use/accept bitcoin as currency.

So, Which one is better for bitcoin future? Mass adoption or huge price increase?
Of course, we're NOT talking huge price increase because mass adoption.
In my opinion huge price is the only way to attract more people to bitcoin.Low price won't attract anyone and people will instead invest in gold or eeal estate

MarvelousAQL
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November 20, 2016, 12:00:59 PM
 #198

I think a mass adoption would be quite good; eventually the market my peak again and the price will increase so its killing two birds with one stone. A price increase would be nice but it should really be a significant one to compensation the mining process after the halving periods at least by multiplying by 2.

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bamboylee
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November 20, 2016, 01:03:21 PM
 #199

For me, mass adoption is much better than just price increase. With mass adoption, it will be easier for bitcoin owners to spend their bitcoins. And it will also stabilize the price of bitcoin so we will not have to suffer too much price fluctuations..

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November 20, 2016, 01:28:14 PM
 #200

Both are important, as mass adoption would allow more demand for bitcoins which will automatically become the reason for higher prices, and if higher prices are there already, others might take a dip of their salaries into bitcoins to take advantage of trading its volatility.

I do agree with your statement and both  goes hand in hand in my opinion. As the law of supply and demand goes, more demand means high prices of bitcoin. We already know that bitcoin has a fixed number only in circulation.
actually both huge price increase and mass adoption have its relation,mass adoption will bring huge price increase and if that's the case,there no "which one is better" because choosing one of both means choosing both
even if huge price increases didn't mean mass adoption,people still getting interested by its price rising and see this as some sort of worthy investment

Yes!both are important!if mass adoptation happens, bitcoins will become more indemand, many business establishment will accept bitcoins, and i yhink bank will also adopt bitcoins. The price will surely increase like on law of demand and supply, once the demand increase, the price will increase. so it is really possible that the huge increase of amount of bitcoins will surely follow.
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