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Author Topic: Would using Bitcoin currently increase or decrease its value?  (Read 817 times)
ObscurePen
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November 24, 2017, 06:06:44 AM
 #61

Value increases. Just think about it yourself why would you using something decrease its value. Has that ever happened to you? Using something more increases the demand of that commodity. 

And I am sure that you have heard about the supply demand paradox. When supply increases and demand decreases prices go down. But when demand increases and supply decreases prices go up. 

Using Bitcoin frequently in your everyday life will only increase the demand for it. Since the supply is limited and more demand is being conjured up every minute due to mainstream adoption, Bitcoin prices will only go up.



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November 24, 2017, 02:05:23 PM
 #62

Definitely when bitcoin gets accepted as payments in more places,it would get more familiar with new people and it would increase its demand which in turn would increase its value.Just before few months,we saw in japan that after bitcoin got legalized,thousands of retailers started accepting bitcoin payments which increased a huge demand for bitcoins and bitcoin's price triggered as a result of it.

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