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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 12389 times)
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November 24, 2016, 03:50:53 PM
 #241

At 2017 there is a big speculation about megaupload new project, that as Kim said it will make bitcoin reach another levels, something looks we arent able to make at the moment. With new people inside bitcoin and fresh money we can see a bigger price at bitcoin, but for crypto world, not only bitcoin, its better mass adoption.

I thought megaupload was banned? Are they going to revive it or is it just there is some website that they are using which I dont know.

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November 24, 2016, 04:11:57 PM
 #242

They must coexist simultaneously both. The massive acceptance without a good rate will not be attractive to investors. On the other hand, if the price is too high will not be adopted by many people So a trade-off between them is a preferable situation
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November 24, 2016, 04:22:39 PM
 #243

Well,adoption wins by a big margin,if many people will adopt Bitcoin ,of course demand will become higher and because of the limited supply,the price will definitely increase,demand and supply plays a big factor.

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November 24, 2016, 06:11:29 PM
 #244

Increase in price will let peoples to sell their bitcoin. But mass adoption tends more peoples to buy and use bitcoin for their daily needs
Well, how would you know that the increase in price is due to mass adoption or a price increase itself ?
See sellers will always sell the bitcoins and we cannot convince them much to hold but there would be a lot of buyers too because we all know when bitcoins price increase, it ends huge usually and hence a lot of people buy it.

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November 24, 2016, 06:46:21 PM
 #245

Yeah i will also vote in mas adoption we need adoption for bitcoin so that more people can be invest in bitcoin or buy bitcoin if they seen that many adoption are happen in bitcoin .

Yes i agree with the mass adoptation. If people already recognize bitcoins as a money, and if many merchants will accept bitcoins, the demand will become more higher. The price will increase more because of high demand. I think once that bitcoins adopt by many people and use it for thier daily lives, sooner bitcoins will become international digital currency. Sounds great right? I hope this will happen soon.

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November 24, 2016, 06:57:27 PM
 #246

I would love for mass bitcoin adaption in the future because as for right now there are not many places that we can spend our bitcoin on ,our only option is to find a way to sell our bitcoin for not its current price otherwise it is impossible , the idea of being able to go into a local market get all you want and then pay with your bitcoin wallet opens up a lot of possibilities for both seller and buyer, so i really hope for something like that to happen


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November 24, 2016, 07:23:06 PM
 #247

Mass adoption would be the normal future for bitcoin. Probably before that bitcoin will reach the huge price and exactly that will awake the big interest and make bitcoin more popular. And all that will lead bitcoin to mass adoption and that will make the price for bitcoin not so high and more fixed than today.
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November 25, 2016, 04:11:34 AM
 #248

well both will happen as mass adoption = price increase as my people using more coin will nee to be made and so pushing up price and with price increase then all the world will want to get into bitcoins if a lot people are making money from it.

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November 25, 2016, 04:13:38 AM
 #249

I am very glad to see that majority (around 80%+) have voted for the mass adoption and I have the same opinion.
Price increase may not bring the sustainability on the bitcoin or even the things which are required for an ideal payment system whereas mass adoption will prove beneficial in long term with one or many ways and it will help in transforming the way we use to transact on day to day basis. Mass adoption will keep malpractices away and also build a concrete base for the payment structure of future.
Actually price increase will just give some new investors a quick reminder, because they say invest when its going up. But mass adoption will bring a permanent or I should say unmatched change in the price and once mass adopted it would increase in the amount of users using it and hence the price will keep rising, while if only a price increase is done, it will increase and then decrease gradually.

Exactly, price increase and decrease actually causes negative impact on the goodwill of bitcoin. It makes people reminder of pump and dump schemes that we do see every day on various exchanges. Mass adoption is something like contribution of people’s efforts so that means bitcoin not only needs people’s investment but also their time and efforts to build this technology.

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November 25, 2016, 04:45:47 AM
 #250

Well that is a critical question. Both is having their own benefits. If mass adoption happens, then bitcoin price will eventually increase and reach to the intended target. However, if only price increase happens, then mass adoption may not happen.

So mass adoption is the better way for bitcoin in a holistic manner. People will come to know about bitcoin, as well as enjoy the price benefits simultaneously. So it is a win-win situation.

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November 25, 2016, 07:11:49 AM
 #251

They must coexist simultaneously both. The massive acceptance without a good rate will not be attractive to investors. On the other hand, if the price is too high will not be adopted by many people So a trade-off between them is a preferable situation

I think if there is a massive adoption, even if the price is not that great yet, it will be profitable to merchandisers and the users. Huge price will surely follow afterwards because of the value generated from merchandisers and users transactions. Huge price is great but it will not give you an assurance that mass adoption will follow if price is really high.

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November 25, 2016, 04:08:02 PM
 #252

Ridiculous question. Mass adoption can't happen because Bitcoin isn't even close to ready for it.

The price of Bitcoin isn't a metric showing the success of Bitcoin. The price of Bitcoin only shows how many day traders and crooked exchanges are fucking with the price for their own profit. The price could crash down to nothing tomorrow and no one could do anything. All the devs in the world in concert with the combined resources of the US government cyber unit and Microsoft couldn't do anything to stop shady profiteers from screwing with the price. One of the great benefits of Bitcoin is that no single entity is actually in complete control and one of the great flaws of Bitcoin is that no single entity is actually in complete control.

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November 25, 2016, 04:10:50 PM
 #253

I think in a way they are interlinked. if there is mass adoption there would be huge increase in price
well but it's not necessary to increase in price, some time price goes down

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November 25, 2016, 04:55:20 PM
 #254

Yeah i will also vote in mas adoption we need adoption for bitcoin so that more people can be invest in bitcoin or buy bitcoin if they seen that many adoption are happen in bitcoin .

Yes i agree with the mass adoptation. If people already recognize bitcoins as a money, and if many merchants will accept bitcoins, the demand will become more higher. The price will increase more because of high demand. I think once that bitcoins adopt by many people and use it for thier daily lives, sooner bitcoins will become international digital currency. Sounds great right? I hope this will happen soon.
yes i also agree with you in fact mass adoption is permanent while increase in price is something temporary, as we can see that the price of bitcoin can fell down any time, while if a person is accepting bitcoin and he become facilitate by it so he will never like to stop bitcoin using any more so it is permanent, therefore mass adoption is more better than price increase.

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November 25, 2016, 05:48:56 PM
 #255

Both mass adoption as well as price pump come together so basically there is nothing to choose between which is good. However it is true that price increase without mass adoption can't remain for longer time and that can actually cause massive price dump which is bad for adoption in future.

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November 25, 2016, 06:31:30 PM
 #256

Of course bitcoin require mass adoption in the future. Because if bitcoin get mass adoption will make bitcoin network is expanded. I believe the mass adoption will certainly make the market bitcoin more active, and it will make the price to be increased and continues to improve.
I am sorry but I beg to differ because I think mass adoption will make the market much much more flexible and the price would change from 900$ to 2000$ in a day and the opposite too which I personally don't like. But that been said I also want that the price increase and we all will make profits from that.

Moreover huge price increase without mass adoption will not sustain. It will fall for sure, this what happened by the end of 2013.














 

 

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November 25, 2016, 06:48:32 PM
 #257

Obviously, the answer is Mass adoption. Even if the 25% of the world's population starts using Bitcoins then it will be already a huge success.  Smiley



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November 25, 2016, 07:59:25 PM
 #258

I voted for "Huge price increase". If Bitcoin exchange rates shoot up to $10,000 per coin or $100,000 per coin, then it will attract a lot of attention. A lot of institutional investors will flock to purchase Bitcoin, and in the end the user-base will also expand. 
When you place the cart before the horse, you will no doubt have some movement too, only it won't be the movement you desired. Same way the price of bitcoin would be hard to plummet to $10,000 or so, when only few people are interested in it. Investors are like butterfly, they follow the flowers. Liquidity is a major determinant of what knowledgeable investors would see firsthand, before they are willing to commit their money as they understand that liquidity is a function of mass adoption.

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November 25, 2016, 08:42:18 PM
 #259

Mass adoption will be better, I don't see how we could have mass adoption without a price increase but lets suppose it does not happen, with mass adoption we could finally buy in almost any store in the Internet and even n brick and mortar shops that will be a game changer, we could talk about bitcoin to people without seeming crazy talking about a cryptocurrency.



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Rainbot
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November 25, 2016, 09:12:36 PM
 #260

A huge price increase because this will drive attention and a lot of people will get in,also the trading will increase really much and after some time it will stabilize and then it will have room for even more grow.So a price increase I think will be the better option but either of them to happen will be great for BTC.It's hard to tell which will be first but I guess we just have to predict for now

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