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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 12361 times)
eddyubachs
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August 28, 2016, 12:36:54 PM
 #21

I think in a way they are interlinked. if there is mass adoption there would be huge increase in price

Yeah we can see higher price only if there is mass adoption and many new investors investing their money in bitcoin, without adoption price will never go higher.
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August 28, 2016, 01:27:27 PM
 #22

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.


Huge price increase it just for awhile. It means that more people buys bitcoin, but next to that is huge price decrease. In Mass adoption make the price of bitcoin increase and more stable. So I'll go for mass adoption.

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August 28, 2016, 01:29:34 PM
 #23

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.


Huge price increase it just for awhile. It means that more people buys bitcoin, but next to that is huge price decrease. In Mass adoption make the price of bitcoin increase and more stable. So I'll go for mass adoption.

Yeah and the same thing we witnessed before the halving when people were buying it like an crazy and it crossed $750 level but it cannot be considered as an mass adoption as people were only interested in making profits at halving.
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August 28, 2016, 01:43:22 PM
 #24

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 say mass adoption is a lot more important for bitcoin than price increase especially a huge price increase.

because a huge price rise is just a pump and unnatural way of price going up and it only fills the pocket of those who are trading bitcoin and when they cash out the price would fall.

so the adoption is what we should be looking forward to. because mass adoption means using bitcoin as a currency and this is what bitcoin was meant to be not only a trading toy to make money. also with adoption comes price rise too!

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August 28, 2016, 01:56:49 PM
 #25

From what I have seen so far while in Bitcoin, with big price increases that hit the news we get an influx of new investors/users. To answer your original question of course it's mass adoption that is better for Bitcoins future.
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August 28, 2016, 02:05:26 PM
 #26

Just like what others have mentioned, I also believe that mass adoption would be better than price increase. For me, being known and accepted by people will lead to bitcoin's success and will let us use it easier and more convenient. If it happens, price increase won't be impossible also.

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August 28, 2016, 02:12:56 PM
 #27

Increasing price only benefits speculators. Some people (mostly speculators, of course) claim that an increasing price attracts more adoption; however, the people it attracts are just more speculators. If Bitcoin is all about speculation, then it is just a giant pyramid scheme and a waste of time.

This^^^^^^

I'm so damn sick of people saying how they love Bitcoin so much and then saying they're holding them for a price increase. If you love Bitcoin try spending them. Go buy a gyft card and get some snacks and beer or have dinner out or buy a pizza or whatever. Sitting on them forever is a way to guarantee bitcoins extinction. Unless you're only here because you're nothing but a forex trader then by all means fuck off and die.

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August 28, 2016, 02:43:59 PM
 #28

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.

Mass adoption helps the price to to increase significantly.
One must understand the basic law of demand and supply to see how the price could go up.  This is why eth keeps trying to make is way because they know how to make its demand. The users needs ETH even when they are not supporting ETH.


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August 28, 2016, 03:14:05 PM
 #29

I think in a way they are interlinked. if there is mass adoption there would be huge increase in price

My view exactly, but we will quickly run into network congestion and the scaling issues will hamper the progress. All things must come together, for

mass adoption to succeed. The side chains and Segwit and block sizes and all that nonsense needs to be resolved. We will definitely see a huge split,

between public and private Blockchains and Bitcoin will be at the centre of it all.  Grin 

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August 28, 2016, 03:21:07 PM
 #30

I choose mass adoption, because if there are many people who use bitcoin on their live ( for trading,shopping or Investment) it is mean bitcoin growing up. In my opinion it is better for bitcoin future.
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August 28, 2016, 03:29:08 PM
 #31

I dont know what to choose. But if mass adoption happen. I think bitcoin will rise its price because of increase the demand of bitcoins. If the price will increase. I think they will get attracted and use it. Theres no difference for me either way.


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August 28, 2016, 03:29:14 PM
 #32

I think in a way they are interlinked. if there is mass adoption there would be huge increase in price

My view exactly, but we will quickly run into network congestion and the scaling issues will hamper the progress. All things must come together, for

mass adoption to succeed. The side chains and Segwit and block sizes and all that nonsense needs to be resolved. We will definitely see a huge split,

between public and private Blockchains and Bitcoin will be at the centre of it all.  Grin  

try not to bring sidechains into it.. sidechains are an altcoin.
if you want bitcoin to succeed then bitcoin scaling must come first not pushing people over to sidechains by locking them out of bitcoins and taking those coins out of circulation, just so that people play around with an altcoin and make the altcoin more succesful.(many devs want monero to be the bitcoin 2.0 (facepalm) sidechain)

however LN is a layer of bitcoin and not a sidechain.
this could benefit people doing the same trades day in day out (paying the same gambling sites, merchants often, faucet raiders, advertisers, etc often) but onchain capacity has to grow aswell. and before you slam down that thought.. core is actually ok with 4mb block bloat. so dont get distracted with 'bitcoin cant scale' or is doomed' nay sayers. they are only after pushing sidechains.
even core now agree 4mb can easily be handled by a raspberry Pi and any computer under 15 years old. so no need to worry about 100% datacentre nodes either, so thus that ends any crys of 2mb is bad.

in my view which i have held tightly for such a long time..
scaling first
adoption second
price rise third.

i have never been fooled by the speculators mindset of price rise first, adoption second and scaling third. as that is just a route to ruin bitcoin in favour of popularizing an altcoin

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August 28, 2016, 03:35:53 PM
 #33

i think mass adoption is very good for bitcoin future if bitcoin increase its adoption then price will be also going to good position and then bitcoin get more stronger and popular.

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August 28, 2016, 03:38:13 PM
 #34

i go for mass adoption as insanely high increases will never last very long. it will make a few people very wealthy, and the far majority of the people end up with a bad taste in their mouths. with mass adoption the price will likely also get to increase, but more in a sustainable manner which i prefer over anything as i am a long term minded person.
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August 28, 2016, 03:39:52 PM
 #35

I choose mass adoption, because if there are many people who use bitcoin on their live ( for trading,shopping or Investment) it is mean bitcoin growing up. In my opinion it is better for bitcoin future.
yeah, mass adoption is definitely way better in my opinion, i think that because of mass adoption there might be a decent increase too

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August 28, 2016, 03:49:44 PM
 #36

Both is good and appreciated.
A higher price will give us more media attention and more people might become curious and try out Bitcoin.
And more people using Bitcoin means more buy and sell, more transactions, more demand which also results in a higher price.
So it is not a either or choice to me.

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August 28, 2016, 04:02:46 PM
 #37

Both is good and appreciated.
A higher price will give us more media attention and more people might become curious and try out Bitcoin.
And more people using Bitcoin means more buy and sell, more transactions, more demand which also results in a higher price.
So it is not a either or choice to me.

For me yes both of them are needed because if there is adoption people will attract to use bitcoin and if they see that the price of bitcoin is also increasing more people will attract to use bitcoin..  so both of them are needed.


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August 28, 2016, 04:37:14 PM
 #38

i choose both will be better for bitcoin because with so many people know bitcoin, it will make bitcoin rate is increase, because there are buy and sell transaction, not only for bitcoin-altcoin, but for bitcoin-fiat. with many mass adoption in many places, bitcoin will be know by many people and i am sure that the bitcoin rate will be follow too.


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August 28, 2016, 04:51:19 PM
 #39

I think in a way they are interlinked. if there is mass adoption there would be huge increase in price

Yeah we can see higher price only if there is mass adoption and many new investors investing their money in bitcoin, without adoption price will never go higher.

it depend what you mean by higher price, because price can artificially be manipulated to big even now withotu mass adoption, whales can pump it easily, and you can have without worry a $1000+ price, but to have 10k i doubt they can pump this high



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August 28, 2016, 04:55:50 PM
 #40

If I am able to profit out of my Bitcoin holdings, then I will be more than happy. That said, I will be happy if the BTC adoption grows as well. But right now, I have almost given up on that. Anyway.... if the exchange rates increase to $10,000 or $25,000 per coin, then I am sure that the BTC will be able to attract a lot of attention, and as a result the usage will also go up.
If it increases to 10k or 25k don't you think 80% of the bitcoin holders will sell off all the bitcoins they have ? That isn't good for bitcoin .

That's what we need. Right now more than 80% of the coins in circulation are in the hands of a few thousands of users. This is very much detrimental to the future prospects of BTC. For BTC to grow, we need these big holders to either sell, or give away their coins for free. A currency will not survive, if 80% of it is in the hands of a few elite users.

                               
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