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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)
jeraldskie11
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January 19, 2017, 11:49:23 PM
 #321

The price of bitcoin is a very important for us and if the bitcoin price will increase we will happy for that and so we cashout some of our bitcoin. Mass adoption also is need but not as much but not better cause its useless if you mean people who have authority I will that not mass adoption. So that for me the better is huge price increase cause all people now who use bitcoin waiting for an exciting huge price increase of bitcoin.

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January 20, 2017, 12:22:31 AM
 #322

The price of bitcoin is a very important for us and if the bitcoin price will increase we will happy for that and so we cashout some of our bitcoin. Mass adoption also is need but not as much but not better cause its useless if you mean people who have authority I will that not mass adoption. So that for me the better is huge price increase cause all people now who use bitcoin waiting for an exciting huge price increase of bitcoin.

I'm for both of them, but when the mass adoption happens then there are not enough coins (at the same price) to be spread to all these people so the price of bitcoin naturally will go increasing and by this bitcoin achieves the two things, high(er) price and mass adoption.


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January 20, 2017, 12:41:10 AM
 #323

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.

For me Mass adoption is much more important and better for bitcoin future, Because once the community absorb it and familiarize with it the huge price increase will follows and nothing can stop it, due to the more people demand the more value increase.

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January 20, 2017, 12:59:33 AM
 #324

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.

For me Mass adoption is much more important and better for bitcoin future, Because once the community absorb it and familiarize with it the huge price increase will follows and nothing can stop it, due to the more people demand the more value increase.
Mass adoption without huge price is not usefull, I never think that bitcoin will mass adoption or replace fiat money, as best alternative investment is the best options. Until now, I still doubt that bitcoin can survive 10 years again.
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January 20, 2017, 05:02:24 AM
 #325

when there will be too many users then it would become the  father of cryptocurrency and it will have maximum market capitalization, fortunately bitcoin has maximum market capitalization. So i prefer mass adoption. Without adoption bitcoin cannot go ahead but it will just keep rolling around like this, today it grows $30 higher and tomorrow it drops that amount again, so that wont make us reach higher if there is no adoption at all.
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January 20, 2017, 12:07:29 PM
 #326

I hope that you put the option "BOTH" on your poll because both mass adoption and huge price increase will be better for bitcoin. If there is mass adoption, many people will know bitcoin. The same with huge price increase, many people will be interested about it and I'm pretty sure that they will put investments on bitcoin Cheesy

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January 20, 2017, 02:29:32 PM
 #327

For getting the answer to that question first you have to learn that how the value of bitcoin increases. It is obvious and every one know that when mass adoption occurs then the price of bitcoin increases. So they both are one thing. Whenever you see the price of bitcoin increasing then you can imagine that nowadays mass adoption is occurring.


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January 20, 2017, 02:46:04 PM
 #328

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.

For me Mass adoption is much more important and better for bitcoin future, Because once the community absorb it and familiarize with it the huge price increase will follows and nothing can stop it, due to the more people demand the more value increase.
Mass adoption without huge price is not usefull, I never think that bitcoin will mass adoption or replace fiat money, as best alternative investment is the best options. Until now, I still doubt that bitcoin can survive 10 years again.

The way I see it I prefer mass adoption instead of huge price. If bitcoin has a huge price that means nobody will not ever use it as money because will be very expensive. All of the people will use it as commodity. Moreover if bitcoin is used mainly as payment system banks and governments will be forced to be more friendly with their customers. If is not, that is anybody use it as digital gold, then banks have nothing to fear and they will continue the known way.
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January 20, 2017, 03:04:51 PM
 #329

I prefer only mass adoption. When there will be mass adoption then rate will go up automatically because if high demand and low suppy which follows three law if market that every one knows. And when there will be mass adoption then government also will give green signal and people will have faith on it


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January 20, 2017, 03:11:43 PM
 #330

I prefer only mass adoption. When there will be mass adoption then rate will go up automatically because if high demand and low suppy which follows three law if market that every one knows. And when there will be mass adoption then government also will give green signal and people will have faith on it
I think so, But Im hoping that the government will accept and adopt bitcoin in a state. The people will have a faith on bitcoin and It could start a mass adoption of bitcoin. We are all hoping that government will accept bitcoin.

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January 20, 2017, 03:17:50 PM
 #331

I prefer only mass adoption. When there will be mass adoption then rate will go up automatically because if high demand and low suppy which follows three law if market that every one knows. And when there will be mass adoption then government also will give green signal and people will have faith on it
I think so, But Im hoping that the government will accept and adopt bitcoin in a state. The people will have a faith on bitcoin and It could start a mass adoption of bitcoin. We are all hoping that government will accept bitcoin.

Don't include me in that "we" as Im not hoping for government to adopt bitcoin. I like the status of bitcoin today with just being a fair decentralized. Are you sure with your desire? Remember that if government will adopt bitcoin it will become centralized and all things that fiat is faces in terms of legal financial actions will now be applied to bitcoin now e.g tax, fees, identities etc. to ensure the security of the people.

Mass adoption can be done without government fully accepted this crypto.

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January 20, 2017, 03:48:41 PM
 #332

The price of bitcoin is a very important for us and if the bitcoin price will increase we will happy for that and so we cashout some of our bitcoin. Mass adoption also is need but not as much but not better cause its useless if you mean people who have authority I will that not mass adoption. So that for me the better is huge price increase cause all people now who use bitcoin waiting for an exciting huge price increase of bitcoin.
You are obviously putting the cart before the horse by giving huge price increase preeminence over mass adoption. In hindsight, the price of bitcoin was peanuts, compared to what is obtainable this day and you can't miss the fact that the power behind the price increase has been more people getting to adopt Bitcoin as the capitalization also shows. Rest assured if for any reason people's interest in Bitcoin fades someday, the price of Bitcoin would come crashing like mighty waves because it is our collective interest and commitment to it that gives it value.

Again the more the adoption, the scarcer it becomes and by extension the more valuable it becomes. So don't sit down yet, go spread the news about Bitcoin, it is a win win solution for all Bitcoiners.

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January 20, 2017, 06:27:00 PM
 #333

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.

For me Mass adoption is much more important and better for bitcoin future, Because once the community absorb it and familiarize with it the huge price increase will follows and nothing can stop it, due to the more people demand the more value increase.
Mass adoption without huge price is not usefull, I never think that bitcoin will mass adoption or replace fiat money, as best alternative investment is the best options. Until now, I still doubt that bitcoin can survive 10 years again.
yes mass adoption is the best, because the price of bitcoin can increase and decrease but if the mass adoption is increasing then certainly the price the price of bitcoin will remain stable.
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January 20, 2017, 07:35:05 PM
 #334

mass adoption is the best, because the price of bitcoin can increase and decrease but if the mass adoption is increasing then certainly the price the price of bitcoin will remain stable.
But to have mass adoption we need to attract huge number of people which is only possible when we are having higher prices for bitcoin. So, most of adoption will be only possible when we are having some attractive prices for bitcoins.

Moreover, I believe both mass adoption and huge prices for bitcoin will be achievable at the same time as both are depending on each other.


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20kevin20
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January 20, 2017, 07:59:29 PM
 #335

mass adoption is the best, because the price of bitcoin can increase and decrease but if the mass adoption is increasing then certainly the price the price of bitcoin will remain stable.
But to have mass adoption we need to attract huge number of people which is only possible when we are having higher prices for bitcoin. So, most of adoption will be only possible when we are having some attractive prices for bitcoins.

Moreover, I believe both mass adoption and huge prices for bitcoin will be achievable at the same time as both are depending on each other.

Yeah, one cannot work without another.. as soon as it is adopted in mass, because the BTC supply is limited the price will get higher as the demand will increase. At the same time, a high price will make even more people get attracted to Bitcoin which provokes the same effect I mentioned first. But mass adoption matters more to happen before the price increase in my opinion. The effects would be seen happening way faster than the other way.
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January 20, 2017, 09:36:10 PM
 #336

Mass adoption off course because imagine 21m active users who have average 1BTC in a wallet are much harder to attack BTC in various ways.
With mass adoption is harder to:
-control price no massive dumps and ups BTC will be good as money
-% of scammed BTC will be less
- harder to hack btc holders so a whole economy is more stable

massive up and down attracts speculators and traders, huge jups in price are scarrying regular users.
Try convince you mother to buy BTC that will be worth 30% less in next week.
Huge jumps are bad for people in general.

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President79
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January 21, 2017, 03:04:57 AM
 #337

I choose as mass adoption automatically the price will huge price increase. If this happen, I sure the bitcoin use will massive and replace some legal currencies.
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January 21, 2017, 03:20:35 AM
 #338

I choose as mass adoption automatically the price will huge price increase. If this happen, I sure the bitcoin use will massive and replace some legal currencies.
I agree with you, if many people use  bitcoin will make usage of bitcoins be easy
because many corporations that will make it easy to use and bitcoin become more popular and
finally bitcoins become payment method around the world because of massa adoption.
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January 21, 2017, 03:29:04 AM
 #339

Have you seen other countries currency being devalued against the US dollar? If bitcoins value continue to increase then many people wont even able to exchange 1 bitcoin because they need to shell out more of their currency and can make their economy in big trouble like in Venezuela. I would opt for a mass adoption of bitcoin with a very stable value so anytime I can decide to exchange bitcoin to buy a commodity using bitcoin.
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January 21, 2017, 03:38:16 AM
 #340

Have you seen other countries currency being devalued against the US dollar? If bitcoins value continue to increase then many people wont even able to exchange 1 bitcoin because they need to shell out more of their currency and can make their economy in big trouble like in Venezuela. I would opt for a mass adoption of bitcoin with a very stable value so anytime I can decide to exchange bitcoin to buy a commodity using bitcoin.
Mass adoption would not mean that we can get a stable price, it's the volume against the demand, and when the volume of supply is low while the demand is high, it's still the same, investors will hoard to serve their personal interest to make themselves richer. Users does not care if how volatile the price as at the end of the day, they will just exchange it to fiat and it's done.

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