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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)
franky1
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August 28, 2016, 05:37:40 PM
 #41

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.

giving LARGE amounts of coins away for free is silly. this is because even with faucets giving away small amounts for free in amounts too low for noobs to use to make a transaction straight away to see/experience bitcoins abilities first hand.. the ease of getting these free bitcoins, means its needed to be small unusable amounts as the only way to deter faucet raiders from treating it as a salary, even if thats exactly what most faucet raiders are doing.

there are atleast 200,000 coins on exchanges at any one given time. plenty for people to buy. i dont thing that there is a debate about the 'elite' hoarding either. the 'elites' will ofcourse sell them at some point so relax about that..

all in all the supply and demand on exchanges and free give aways are about right. the nature of the markets has found its own natural levels and are working as they should.
what we should be concentrating on is these two things

1. capacity growth (avoid fee wars and bottlenecks)
2. merchant adoption (free advertising when merchants promote the new payment method)
both of which will increase user adoption with ease and not so much head banging. because people see its actually a currency and not some boiler room scheme

which the side effect of more users and merchant adoption is a bigger market cap for the greedy speculators to orgasm over, but mainly the better user adoption being more priority than price because more users, more uses=strong stable and better bitcoin from an infrustructure and usability standpoint, to fend off an altcoin becoming more popular

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August 28, 2016, 05:53:02 PM
 #42

I voted in a huge price increased .it will bring a big impact to the market as it will spread the big news of money making alternative for fiat money ,if the price increased i believe that mass adoption will also take effect on the market .so it would better like before the end of halving huge price increased faster so it follows all of the given choices.


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krishna1
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August 28, 2016, 06:21:31 PM
 #43

In my opinion i will say mass adoption will be profitable it will cause huge trades in market but price increase is just a temporary fun it will not stay at highest forever and it can have nequmetive effects too

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August 28, 2016, 06:32:59 PM
 #44

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 .

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August 28, 2016, 08:46:16 PM
 #45

Mass adoption would obviously be better since there would be better publicity for it, thus the more bitcoins are decentralized and probably and hopefully more active bitcoin users. Mass adoption would enable better payment options for us bitcoin users. Huge price increase would only attract holders and will have more people holding and less active bitcoin in circulation, therefore less chances for improvement.



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August 28, 2016, 09:26:00 PM
 #46

Mass of adoption is much more better because bitcoin price is depend on adoption when bitcoin increase its adoption so price of bitcoin will be already going to to higher and mass of adoption can aware a huge number of about bitcoin.

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August 28, 2016, 11:19:38 PM
 #47

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.
That's like a bullshit person.
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.
Well i think about your question is linked with bitcoin life, but I prefer for choosing the mass adoption because, okay we are forgetting about the huge price increase because mass adoption but bitcoin will get a larger with mass adoption and for surely receiving any impact like will appearing a regulated for bitcoin from the government? or especially for bitcoin life will be a long.

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August 28, 2016, 11:23:55 PM
 #48

i think both would be good. Cuz somehow one depend of the other then more adoption of the mass will increase the price.
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August 28, 2016, 11:25:31 PM
 #49

It depends on the type of person. There are enough people wanting the price to go up to such a level where they can make huge profits from, but they mostly don't speak. These people don't care about mass adoption as they only want quick gains. I personally find mass adoption to be the better option as I am here for the long term. That being said, mass adoption in the way that people use Bitcoin more as a currency tool. That gives merchants around the world more incentive to start accepting Bitcoin as form of payment.

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August 29, 2016, 02:52:29 AM
 #50

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 the long term it is mass adoption. What good is a huge price if the only people using it are the speculators making profit on BTC's price movements. But if you're here only to make some money, then go ahead and speculate in BTC because it is available and no one is stopping you. In fact most of the users here are in it for that very reason.


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August 29, 2016, 02:56:30 AM
 #51

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.
Speculation is not about great value of assets - it is not about huge volatility of asset or currency.
I don't see much speculation, or at least off the charts speculation on commodity markets.
Bitcoin is specific because it is volatile crytocurrency - there is nothing wrong with having stable expensive bitcoin.


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August 29, 2016, 03:45:33 AM
 #52

Just due to the law of supply and demand, mass adoption would create a huge price increase. The more people who want ANYTHING of limited supply, the more that thing will cost. That said, adoption is basically how price increases. Someone with an insane amount of money to burn possibly could increase the price artificially by offering to buy at a stupidly high price, but that price couldn't be sustained because it is doubtful that person could secure nearly all of the bitcoin at that price to sustain it, (there would be many holdouts waiting for it to go higher.)
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August 29, 2016, 03:55:01 AM
 #53

i believe that these two are connected to each other. of course i mean adoption and price rise not a huge price rise. because for example when price rises a lot more people come to bitcoin and invest in it and anybody who buys bitcoin will look more into it to see what it does. and also the adoption is obviously rising the price.

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August 29, 2016, 03:59:08 AM
 #54

I think mass adoption is the better one for bitcoin future, because with mass adoption, it will affect the price of bitcoin too. I'm sure the price of bitcoin will increase when bitcoin have mass adoption.
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August 29, 2016, 04:11:33 AM
 #55

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.

Price increase of course but if it will not adopt by many people there might be probability that it may gone or there's no price increase to happen. But for now I might enjoy using what bitcoin can offer for now and worried later. Just entertain and earn for now.

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August 29, 2016, 04:27:11 AM
 #56

I think mass adoption is the better one for bitcoin future, because with mass adoption, it will affect the price of bitcoin too. I'm sure the price of bitcoin will increase when bitcoin have mass adoption.
Please, you're not reading the thread for fully and you can find the op is not asking about the rising effect from mass adoption. but that is very useless a lot of people is know if the price of bitcoin will increase if getting a mass adoption.


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dothebeats
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August 29, 2016, 05:02:08 AM
 #57

I chose mass adoption, because with it, many people including merchants will utilize bitcoin and it will help bitcoin grow into a less volatile currency because people don't have to convert to cash most of the time and use it as is.

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August 29, 2016, 05:14:01 AM
 #58

Mass Adoption because it will have effect for bitcoin price, and more people know about bitcoin it will good in future

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August 29, 2016, 05:27:52 AM
 #59

in my openion huge price increase can give a better way to the bitcoin future . the price of expansive things tells the quality of the things so i think the rate of the bitcoin should be increases time to time and this will leads the beyter future of bitcoin .

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August 29, 2016, 05:31:09 AM
 #60

My sense is that unless the price breaches a certain level, a lot of the apps that would drive real mass adoption will remain unviable. In that sense, we may need a massive price move first.

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