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Question: Which one is better for bitcoin future? Mass adoption or huge price increase?
Mass adoption
Huge price increase
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Author Topic: Which one is better for bitcoin future? Mass adoption or huge price increase?  (Read 13053 times)
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August 27, 2016, 05:49:11 PM
 #1

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.

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August 27, 2016, 06:08:59 PM
 #2

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.

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August 27, 2016, 06:12:27 PM
 #3

The only way we will see a large increase in price that stays is through mass adoption.  
We need another big company to start taking payments in Bitcoin.  
This will lead to lots of new users, and a huge increase in the number of daily transactions.

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August 27, 2016, 06:16:23 PM
 #4

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.

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)

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August 27, 2016, 06:30:02 PM
 #5

isn't huge price increase, not pump and dump, but stable and huge price increase, like for example 10k and more, a consequence of mass adoption? they are not mutually exclusive imho
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August 27, 2016, 06:36:05 PM
 #6

to me this goes hand in hand.
how can the price stay low if we have a massive adoption? also if we have a huge and stable price increase everybody will want to jump on the wagon.
 

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August 27, 2016, 06:37:56 PM
 #7

The only way we will see a large increase in price that stays is through mass adoption.  
We need another big company to start taking payments in Bitcoin.  
This will lead to lots of new users, and a huge increase in the number of daily transactions.
Yeah this is good idea but how we can start it and how we can get big company? this is the problem right now its hard to got some big company to use bitcoin and go new users to use bitcoin..

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August 27, 2016, 07:01:57 PM
 #8

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.

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August 27, 2016, 07:22:49 PM
 #9

bubbles are fun while they're happening. the hangover after them is not fun and last an awful lot longer. it could be argued that they inhibit adoption too as you end up with an army of angry bagholders while anyone who was considering it but didn't feels like they dodged a bullet.

I vote for mass adoption. i'd like to see a healthy price as the result of people using it, not speculating.

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August 27, 2016, 07:25:56 PM
 #10


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".


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 think OP did not mean a big bubble, pump and dump or whatever you want to call it. he meant an increase for good.
i was also not talking about volatility. just imagine bitcoin price would go up $100 every month. with many ups and downs, but at the end of the month it is $100 more worth then the month before. and tell me now this would not result in an steadily growing user base.

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August 27, 2016, 07:56:49 PM
 #11

Mass adoption would be an end goal for bitcoin. Huge price increases (as well as huge decreases) among other news and events help bring attention to bitcoin because that's what makes the news. This in turn increases and spreads awareness of bitcoin and thus contributes to adoption as a result of people taking a look into bitcoin.

Mass adoption in turn, leads to increase in price due to an general increase in demand. The two aren't opposed to each other.
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August 28, 2016, 11:36:41 AM
 #12

Mass adoption would be an end goal for bitcoin. Huge price increases (as well as huge decreases) among other news and events help bring attention to bitcoin because that's what makes the news. This in turn increases and spreads awareness of bitcoin and thus contributes to adoption as a result of people taking a look into bitcoin.

Mass adoption in turn, leads to increase in price due to an general increase in demand. The two aren't opposed to each other.

That's true, but i think huge price decreases will bring negative attention for mainstream user though.
On other hands, media only make news about bitcoin price if the price raised significantly.

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August 28, 2016, 11:46:29 AM
 #13

I will say mass adoption is much better once this happens it is obvious to see an increase in price. The more is has adoption the more it will be stable and valuable. I don't think a huge increase without mass adoption can bring stability in its value.
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August 28, 2016, 11:48:02 AM
 #14

IMO, mass adoption will lead to huge price increase, but huge price increase won't get mass adoption, people may afford bitcoin. So I think mass adoption is better.
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August 28, 2016, 12:02:58 PM
 #15

IMO, mass adoption will lead to huge price increase, but huge price increase won't get mass adoption, people may afford bitcoin. So I think mass adoption is better.

Either, are intrinsically linked. Ask 'the man on the street' and he will reliably inform you that Bitcoin shot to $1000 dollars, then some kind of big exchange got hacked, and now it is dead, history.

A huge price jump would change all of that.

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August 28, 2016, 12:14:14 PM
 #16

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.

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August 28, 2016, 12:16:34 PM
 #17

IMO, mass adoption will lead to huge price increase, but huge price increase won't get mass adoption, people may afford bitcoin. So I think mass adoption is better.
of course the adoption of future will be better. since the adoption of the future development of bitcoin on all sides including the bitcoin prices will also push up


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August 28, 2016, 12:20:32 PM
 #18

Without doubts mass adoption, soo bitcoin would be used, knowed and the good thing in the end it should make the price grow a bit, and the demand and supply for have it would work, something currently we dont see at bitcoin.
From other side a bigger price would bring more people for sure, but the community would keep being almost the same and bitcoin at same status, unknown for the most people.
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August 28, 2016, 12:25:29 PM
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Mass adoption , without any second thought . Huge price increase will just make current traders happy and also it may result in huge DUMP . Definitely not huge price increase is good for bitcoin or for any other coin for that matter . Gradual increase in price and mass adoption are the key to success .

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 .



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Rainbot
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calkob
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August 28, 2016, 12:29:04 PM
 #20

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