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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 12417 times)
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November 27, 2016, 02:44:37 PM
 #281

I think that mass adoption is much better for the future of Bitcoin. High prices only are in the interests of investors and spectaculators. Mass adoption will be a step closer for Bitcoin being a more used and more accepted currency. The price of the Bitcoin is high now, but it does not change the option of Bitcoin being an accepzed currency.

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November 27, 2016, 02:47:06 PM
 #282

Mass adoption is the only thing that will lead to a huge price increase.
There is a reason price is sideways recently.
We need more users, and more services that accept Bitcoin.

You are never going to see the $5000 BTC that some people dream about until some company like Amazon, iTunes starts accepting Bitcoin,
and we get millions of new users.

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November 27, 2016, 03:05:50 PM
 #283

Mass adoption is the only thing that will lead to a huge price increase.
There is a reason price is sideways recently.
We need more users, and more services that accept Bitcoin.

You are never going to see the $5000 BTC that some people dream about until some company like Amazon, iTunes starts accepting Bitcoin,
and we get millions of new users.

Wrong, if by adoption you mean the usual definition of people using it daily to buy and sell stuff. Gold is not used for anything other than storing it and gold is worth trillions. Just a safe haven, if an asset is good it can have an huge marketcap. Therefore all it takes is whales moving their wealth in bitcoin to see a big price increase.

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November 27, 2016, 03:20:03 PM
 #284

Mass adoption is the only thing that will lead to a huge price increase.
There is a reason price is sideways recently.
We need more users, and more services that accept Bitcoin.

You are never going to see the $5000 BTC that some people dream about until some company like Amazon, iTunes starts accepting Bitcoin,
and we get millions of new users.

Wrong, if by adoption you mean the usual definition of people using it daily to buy and sell stuff. Gold is not used for anything other than storing it and gold is worth trillions. Just a safe haven, if an asset is good it can have an huge marketcap. Therefore all it takes is whales moving their wealth in bitcoin to see a big price increase.

Well i think adoption does not necessary means using it daily to buy stuff, instead, adoption simply means acceptance to follow may it be idea or method.  People and government accepted and established the idea of gold being priced like that , so gold is priced like that and bitcoin is no exemption.

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November 27, 2016, 03:27:51 PM
 #285

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.

If both of them can be combined then this is the ideal scenario. But I think that mass adoption is better because we can spend our bitcoins better and on many places.

Also there is also a benefit because I see many threads here that people can't buy bitcoins because of some restrictions and some issue which could be escaped if bitcoin is more popular.


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November 27, 2016, 03:49:14 PM
 #286

For me its mass adoption, because that amount of people using Bitcoin will make the price going high.

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November 27, 2016, 05:38:00 PM
 #287

Mass adoption is extremely important to Bitcoin. Right now, Bitcoin has not asserted it position in people eye's yet because there is still a majority of the people who do not care about bitcoin. In about 10 or 20 years later, I hope that more people are willing to learn and to understand the Bitcoin as well as all of its benefits. If that truly happens, Bitcoin will soon be an international currency and the increasing of the Bitcoin price will be an obvious result for this mass adoption
The bitcoin's price would increase as soon as bitcoin is accepted globally, but i am afraid that confirmation time will be a huge problem for bitcoin as payment processor, ultimatelly people especially sellers prefer to use a faster payment method, imagine if you stand on line at supermarket and people pay with bitcoin, they still need to wait to confirm the transaction before they have what they want to buy. It will take much time waiting for confirmation.
In my opinion confirmation times is one of the greatest and current problem with the bitcoin network, but if more people adopted bitcoin, I think more investors would get interested in setting up mining rigs and that could help alleviate the problem for some time.



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November 29, 2016, 10:03:08 AM
 #288

For me its mass adoption, because that amount of people using Bitcoin will make the price going high.
Yes I agree,  and also mass adoption will make more merchant accept bitcoin as the payment system. It will make customer more comfortable for using bitcoin.


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November 29, 2016, 10:26:40 AM
 #289

Mass adoption.

A huge price increase with the same size userbase as the one we have today will lead to serious overpricing. If there were a mass adoption of Bitcoin worldwide, naturally, there would be a significant price increase.

These both will come with time.



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November 29, 2016, 12:43:19 PM
 #290

One will likely lead to another, but I think the price increase is more important for us before the mass adoption because people will see Bitcoin all over the news again, and this will lead to mass adoption too! Price increase convinced me to get into the Bitcoin business too, three years ago.
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November 30, 2016, 08:32:31 AM
 #291

I think it needs bitcoin is mass adoption. Because it will make bitcoin known to more people so that bitcoin has an extensive network.
I believe the mass adoption will help the bitcoin prices rise because many use bitcoin so could trigger a price increase bitcoin.
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November 30, 2016, 08:45:59 AM
 #292

I think it needs bitcoin is mass adoption. Because it will make bitcoin known to more people so that bitcoin has an extensive network.
I believe the mass adoption will help the bitcoin prices rise because many use bitcoin so could trigger a price increase bitcoin.

I believe both are equally needed, because most of the users here get into bitcoin just upon experiencing the high price of the bitcoin which no other digital currency or traditional currency has got. At the same only with the mass adoption its possible to make people have more trust as well realize the potential of bitcoin which is the important factor for growth.

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November 30, 2016, 09:10:42 AM
 #293

A hundred per cent mass adoption, complemented by gradual release of hoarded bitcoins into the market. Price should really not matter if bitcoin never needed to be converted to fiat.

Example in a closed economy, a currency can always be worth 1 loaf of bread no matter how the outside world values that currency.

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December 02, 2016, 07:19:07 AM
 #294

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.
Yes no problem because it is your opinion. I still choose to mass adoption because I think a decent bitcoin known by many people. Additionally, it will make a bitcoin prices rise, it would also make bitcoin has an extensive network. But the constraints of mass adoption is the government, because many governments do not agree bitcoin so that the obstacle to get mass adoption. If I may know why you do not like the price of bitcoin becomes more flexible and the price will change much as you exemplify $ 900 to $ 2,000?
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December 02, 2016, 08:38:11 AM
 #295

One will likely lead to another, but I think the price increase is more important for us before the mass adoption because people will see Bitcoin all over the news again, and this will lead to mass adoption too! Price increase convinced me to get into the Bitcoin business too, three years ago.
I think the increase in price without any reason can be a temporary increase, wherease if people are entering in bitcoin world and adopting bitcoin and this will increase the demand of bitcon and the price will automatically incrase, so to me mass adoption is more important for stable price increase because simple price increase may get dumped just after that.

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December 02, 2016, 08:45:56 AM
 #296

A hundred per cent mass adoption, complemented by gradual release of hoarded bitcoins into the market. Price should really not matter if bitcoin never needed to be converted to fiat.

Example in a closed economy, a currency can always be worth 1 loaf of bread no matter how the outside world values that currency.
The problem with more people using Bitcoin is that not all of them has good intention with it. Meaning that some of them might have interest in stealing our hard earn Bitcoin for their own benefit. I am just saying facts everything can now be stolen even collectible trading cards with value. Imagine a world that many people wants Bitcoin ,instantly bad people will follow too.

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xIIImaL
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December 02, 2016, 09:03:29 AM
 #297

One will likely lead to another, but I think the price increase is more important for us before the mass adoption because people will see Bitcoin all over the news again, and this will lead to mass adoption too! Price increase convinced me to get into the Bitcoin business too, three years ago.
I think the increase in price without any reason can be a temporary increase, wherease if people are entering in bitcoin world and adopting bitcoin and this will increase the demand of bitcon and the price will automatically incrase, so to me mass adoption is more important for stable price increase because simple price increase may get dumped just after that.

Due to this price value and demand only people are adopting bitcoin in their business or services. However I would say both are important to bitcoin. These both give high potential to bitcoins in upcoming years. Will wait watch which biggest MNC will adopt bitcoins in their business in future.



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December 02, 2016, 10:49:22 AM
 #298

A huge price increase will only make people sell everything they have and walk away (at least most of them will) so I'd say having Mass adoption is much better (and which will eventually lead into a stable price increase)
As much as such people want to consider themselves beyond average, or 'aware', they aren't either. Anyone who does this is not able to keep their own greed under control. Aside from speculators and traders, I still don't see the point of selling Bitcoin when you can use it. It is a currency after all.

also if we have a huge and stable price increase everybody will want to jump on the wagon.
I'm pretty sure that volatility isn't the primary turn-off, i.e. stability won't make "everyone jump on the wagon".

Yeah this is good idea but how we can start it and how we can get big company?
You can keep sending suggestive emails to the appropriate department of a company, asking them to introduce Bitcoin as a payment option.

A 'huge price increase' also known as a bubble, isn't specially beneficial for Bitcoin. We've already had a few of those in the past. User adoption is the key.

I too agree on the fact that mass adoption is the key to bitcoin's future value. Huge prices wont help, they will just someday come down in a big crash, but mass user adoption will be the key to increasing value of bitcoins in the future, as I think the more the users, the rise of value will be more stable.
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December 02, 2016, 02:20:12 PM
 #299

Anyone on them is good. Much better if both. Mass adoption and huge price increase both requires more people using bitcoin. The price won't drive up if there is no mass adoption while no huge price increase will happen if there is no mass adoption on bitcoin. So either of them must be achieved to make bitcoin better.

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December 02, 2016, 05:45:44 PM
 #300

Of course it's better to have mass adoption. Think about supply and demand. It's one of the most important thing in economics. It's the backbone of our economy. The more people who use bitcoin equals to more demand and since the bitcoin will only be 21 million coins, the price would probably go up also.



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