What will be the consequences of increasing demand to bitcoin?

[TeraBitHoven]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

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[batang_bitcoin]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

One negative thing that I can think of is the new investors will consider it expensive. As the demand gets higher their entry point will be too much and expensive. And another one is those holders that has focused with their investments with alt coins will be also affected and it can cause their portfolio to be in a quite falling but still crypto market is volatile. It can recover after and bitcoin can still has higher demand and other alts as well.

[michkima]

Since bitcoin prices are extremely driven by supply and demand the price is affected greatly if the demand increases. The thing about it is that large swings in price will likely occur and once everybody who wants bitcoins already has their fill then it would be hard to sell it at high prices hence it could lead to price drops as well. Well this is actually ehat is happening right now. Volatility is still a problem because of the ever changing demand for bitcoins.

[13abyknight]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

We're already witnessing a lot of problems as of right now due to the increased popularity of Bitcoin and this could be considered as just the beginning. There is already a massive congestion in the network making the transaction fees skyrocket and carrying out micropayments is not at all worth it. Lets hope the core will step up and deliver big updates to overcome the scalability issue.

[VitKoyn]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

I think the negative effect when Bitcoin demand increases is a huge crash in price. Why? most people are investing in Bitcoin to make profit and not to use it for payment and when the demand rises Bitcoin price will skyrocket and when it hit a certain amount some investors will surely take their profit that is the time that its price will temporarily drop or crash, but this is not really a negative effect since it open an opportunity to buy in discounted price. Another negative effect is network congestion, we all know that Bitcoin is experiencing scaling issues so whenever the demand increases, we can expect more unconfirmed transactions and transaction fee rises too, but this issue will surely have a solution soon.

[Zalfa_mui]

I don't think there is any negative effect, bitcoin prices will increase.The more people who invest in bitcoin, the bitcoin stock will be more limited.

[Vannie12]

It's not actually negative effect because everything that increases bitcoins popularity means it's growing.
I think what you meant was what would people react to the current growth.
Well investors will think they are not able to make it with bitcoins because it's too expensive.
They are more at risk of losing capital because of its volality and they have started at a high point.
They would see the effects of growth or indication that it's more popular now, like slow transactions and fees.
Some would not believe bitcoin because of the main concept explained but can not be experienced today.
Soon there are more things that will make people hesitate.

[jojowar]

The consequence of increasing the demand to bitcoin is that the value of bitcoin will also increase. The law of supply and demand applies to it. If you say negative I think the price of the bitcoin becomes higher if you buy it because you want to invest or trade it.

[Carmen01]

Some of money value will fall like yen and dollar because we can exchange btc to any fiat now like in our country but it's good also to the economy who use crypto as a digital money,Moreover always think the positive here and continue what you doing in crypto because we don't have assurance in anything about crypto and it's more on investment tools than a value of anything like that.

[ralle14]

The transactions will continue to rise if the demands goes up the price will go up and the fees will become a problem once again because miners can't mine fast with the huge rate of transactions per second. Also you'll get less bitcoin if the demand goes up in the future and the amount you bought might not be spendable if the fees become so expensive.

[alfs75]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

We dont know if bitcoin popularity will be affected if there some negative feedback  about of its name in digital currency like ponzi,or some phishing sites used by the name of bitcoin,because mostly even now there some news,blogs ,media,or some vip person who criticize  about bitcoin that they said its fraud or ponzi,but the name of bitcoin is always stand still there and continue's its legacy towards the whole world.because the truth is bitcoins always in the right side to help each and everyone of us to become an entrepreneurs in the world of cryptocurrency.the real talk is bitcoin  reputation could not destroy easily.

[Samarkand]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

We're already witnessing a lot of problems as of right now due to the increased popularity of Bitcoin and this could be considered as just the beginning. There is already a massive congestion in the network making the transaction fees skyrocket and carrying out micropayments is not at all worth it. Lets hope the core will step up and deliver big updates to overcome the scalability issue.

The main reason for the huge increase in transaction costs is not the increased popularity of Bitcoin.

The two major reasons are:
1. Miners gaming the system. By bloating the mempool with transactions they increase the fees for every
Bitcoin user, who wants or needs a fast confirmation for his transaction. Besides, most Bitcoin wallet´s
fee calculations are calculated based on the mempool, which causes users to pay unnecessary high fees.
Besides, Bitcoin Cash supporters are probably attacking the Bitcoin network by spam transactions, too.

2. The price increase
The huge Bitcoin price bull run of 2017 has caused the Bitcoin price to increase by more than a magnitude.
This has caused fees to go up dramatically, because fees are not calculated in $, but in Satoshi.
If the BTC price would experience a sharp drop, fees would come down, too.

Therefore I´d argue that the increased popularity of BTC is not really a relevant factor.
I don´t think your average person buying Bitcoin after seeing a report on CNBC is making
many transactions. They probably keep their Bitcoin on an exchange and never really
move it at all on the blockchain.

[Kemarit]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

As demand goes higher, the price increases, the FEE's goes to the roof as well. That's the biggest negative effect of the increasing demand of bitcoin. Casuals or ordinary investors can't buy because the price is very expensive that right now the landscape is changing. Its now beginning to be the playground of the big boys. But I don't call it a negative effect, just part and parcels of bitcoin gaining popular nowadays. Solutions though is on the horizon, like Lightning Network which has been tested and soon to be implemented. Only question is when. Right now, its very sad that we are experiencing a high transaction fees, and can't do anything and we are at the mercy of the miners, however, we need a little patience until a better solutions have been in place.

[Willitivity]

In as much as the increase in demand for Bitcoin brings about an increase in price. The negative impact is also there, when the demand is high due to influx of people will bring about a congested network with transactions getting slow and fees going up. And as Bitcoin is getting more popular, this is inevitable.

[Protected101]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

The consequences in increasing the demand of bitcoin is the fees is also higher when we transacting and due to increasing of price we cannot buy bitcoin because its price was too high.The negative impact is the investors cant invest because canno afford to buy or sell bitcoin.

[Sadlife]

No in fact it's the opposite the more people knows it is the more chance people will use, buy or invest it. Since bitcoin is derive's from the supply and demand,  the higher the demand,  the higher the price will get and of course btc hodler will benefit from it. It is just simple economics.

[yojodojo21]

Why in The Earth, That There is going to be a consequence of The Demand of Bitcoin. There Will be no such Thing Like That, In The Crypto Digital currency, Money Always Run About, And Then If you Don't have The Exact amount Of Money For Buying BTC then That's Not Other's Problem. Demand Of Bitcoin Keeps on uprising because it has the Power of Great volatility that can make Everybody rich. In an Instant if you have put all your money into it. But, Be wise Because if you do mistake then that would be  the consequence is and will be your biggest regret.

[akram143]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

Yeah,the transaction fee will be increased in terms of USD so it make bitcoin unusable and people only think bitcoin as an asset and not currency.

[Zadicar]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

We are already seeing as of now regarding on the things do happen into bitcoin not really a consequence but the disadvantage when it is already becoming popular as the years goes by.Since bitcoin still didn't resolve about scaling issues then it would really suffer on congesting network due to small blocks which would really result for longer confirmations and at the same time we do suffer on huge fees too because we do see if price tends to go up it  would really result to congestion since miners would really prioritize for those people who did put up huge fees.

[sajeebur rahaman]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

No, I do not think that, look at Bitcoin with other common stock markets.The market is always in the up trend There is no such thing.Every market has a time cycle.Surely you understand

[felipe04]

Actually it's no consequences at all because we already experience the increasing demand of bitcoin,it's already the potential of crypto in the future demand of bitcoin and altcoins also are like this day price,It can handle at all even the blockchain this day we experience the high fees because of the demand of btc but after that they easy control the problem and it's back to normal.

[vmyuoyj]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

negative effects will be is more expensive than now because demand make any thing expensive.

also network will be so busy and fee is so high.

[voztata]

Some of money value will fall like yen and dollar because we can exchange btc to any fiat now like in our country but it's good also to the economy who use crypto as a digital money,Moreover always think the positive here and continue what you doing in crypto because we don't have assurance in anything about crypto and it's more on investment tools than a value of anything like that.

I don’t think so, increase in the demand  for Bitcoin can’t cause any negative impacts on dollars and other currencies. One thing you have to understand is that Bitcoin is not a Currency, so every Investment that is made on bitcoin goes into real currencies, and that is mostly dollar. The only thing I’m sure will happen is that there would be an increase in price rate for Bitcoin, so it would be costly.

[Lucifer777]

Facebook marketing does it work?
 I dont understand the connection between my personal page and my business page i get activity on my personal page but those friends dont seem to visit my business page. Is this just a rule for big business?

[LuffyD.Monkey]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

Bitcoin is a future of cryptocurrency because it is famous among many peoples around the world it is going to be more famous there surely will be way to avoid the high transaction fees people will experience due to the increase in transaction rates.

Bitcoin is a very important currency for many people and they have built their primary income on bitcoins so they cannot be made more difficult to use and there will be a alternative to the problems people will face in the future.

[DiscretePatriot]

In my opinion, I think it will affect the transaction fees and since there will also be more transactions, it might take even longer for them to get confirmed..

[vintages]

When Bitcoin starts becoming increased in demand it will be quite interesting and there will be less fear about it; people will stop comparing it to Ponzi schemes and countries might even unban it. But the two negative consequences that it will bring  along is the high price; it will be too costly to purchase and also the transaction fee will be too high; I guess we won't be able to buy a cup of coffee with bitcoin then.

[AngelSky]

When Bitcoin starts becoming increased in demand it will be quite interesting and there will be less fear about it; people will stop comparing it to Ponzi schemes and countries might even unban it. But the two negative consequences that it will bring  along is the high price; it will be too costly to purchase and also the transaction fee will be too high; I guess we won't be able to buy a cup of coffee with bitcoin then.

High price is actually a good for bitcoin bro. You will get the bitcoin transaction fees also reduce now so no need to bother about the fees any more in the upcoming days. You may find some big fluctuatations in the bitcoin and ethereum.
So next some weeks will be takes bitcoin value increases more than all time value. However, you will be able to invest on point level value so invest the how much ever you have.

[Zardonik]

I'm new to bitcoins, I want to know if success in trading depends on experience or skill.

[Zardonik]

What is the probability that after the end of the bitcoins this crypto currency will not fall?

[syaripudin]

I think it is not a complicated problem because the placuative price of the bitcoin depends only on the demand for the bitcoin. I say this will not be a complicated issue because I see from what the bitcoin investors often do that will make big profits when the price is rising high enough and in the end bitcoin will again decrease sharply and that kind of thing I think will happen on an ongoing basis whereby many people will make sales when the price is rising and then invest it when the price is at the lowest level. I think it would be an advantage for everyone doing an activity with bitcoin.

[samtarly]

I don't know if there is a negative effects for the public but i believe only banks and financial institution are affected with rising popularity of bitcoin that is why many bankers are releasing negative statements against bitcoin.

[Hamphser]

I don't know if there is a negative effects for the public but i believe only banks and financial institution are affected with rising popularity of bitcoin that is why many bankers are releasing negative statements against bitcoin.

There are two variations or areas which bitcoin would give affect which it would give affect to banking system and affect into itself. Going first on banking system it will surely affect it specially if cryptocurrencies would took up the lead when it comes on making transactions and other innovations that it would give but this thing isn't really possible because if banking system would adopt blockchain they would rather create on their own. When it comes on affecting itself then bitcoin increases its demand then we would able to see slow confirmation and high fees.

[v0rtecxz]

if you look at the increasingly popular effect of bitcoin, I think its price will increase higher due to the growing market demand, and it will be very difficult to find bitcoin because many people will try to find and save their bitcoin, transaction fee will increase and network transactions will get busier as many transactions will happen if bitcoin gets more popular, maybe there can be a tax withdrawal from the government for the income we earn from this virtual currency, just the guesswork

[ajqjjj]

if you look at the increasingly popular effect of bitcoin, I think its price will increase higher due to the growing market demand, and it will be very difficult to find bitcoin because many people will try to find and save their bitcoin, transaction fee will increase and network transactions will get busier as many transactions will happen if bitcoin gets more popular, maybe there can be a tax withdrawal from the government for the income we earn from this virtual currency, just the guesswork

This not only possible thing for bitcoin you will find the any commodity shows the demand and supply theory. They will find that concern product value will be bumped to the chart.
No as you said none of the government cannot able to stop the usage of bitcoin. Until the internet is live they cannot stop and they cannot make taxation on the bitcoin or any decentralized crypto currencies.

[chrmn27]

I guess, the consequence of increading demand of bitcoin is that it becomes too expensive to afford even a single bitcoin.

[Blue2012]

The increasing demand to bitcoin will directly affect its price. Bitcoin price will definitely get high and maybe some who wants to invest cannot afford it. But for those who hold their investment in bitcoin will incur a huge profit if they will sell their bitcoin.

[TWagner92]

I think we are now encountering the consequences of the increasing demand. The fees in transacting bitcoin is very high plus the confirmation process is very slow right now.

[ocid]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

I think if bitcoin is more popular than it now can affect the bitcoin value itself, because if almost everyone uses bitcoin then maybe the price of bitcoin can go down even though the price can be more stable because people are familiar with bitcoin transactions for everyday purposes.

[Slims]

I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands.

If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be.

I don't want to waste any of your time, so I'm merely going to explain what happened.

On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency.

There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the mean person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel.

"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.

In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin.

Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money.

The four institutions with the largest still accessible Bitcoin balance are believed to be as following:

-ASICminer - 50,000 Bitcoin

-The IMF's "currency stabilization fund" - 70,000 Bitcoin

-Government of Saudi Arabia - 110,000 Bitcoin

-The North Korean government - 180,000 Bitcoin

Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.

What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations.

Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password.

Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed.

In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it.

You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance.

Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite.

This is also the reason we contacted you.

It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies.

However, I have seen where it ends.

[Efairam2018]

For me there is no negative consequences of increasing demand to bitcoin,because the more bitcoin becomes popular the more the value will be increase😉

[ralle14]

For me there is no negative consequences of increasing demand to bitcoin,because the more bitcoin becomes popular the more the value will be increase😉

This is what I would also say if I was a newbie, you need to read more and you'll see some of the problems with Bitcoin. Profit sounds nice but if the price keeps increasing we might get to a point where 0.001 btc costs $100 and the regular miner fees costs 0.002 btc or more because of how busy the network is because of the daily volume. This will force people to buy other coins that are less expensive than bitcoin and could take over bitcoin in the future.

[Angi]

The negative thing about bitcoin is they use bitcoin for pyramid scamming many of users and investors want to invest there money to a high profit to comeback with them so many people are use it to attracted users and investors to collect money form them so thats why so difficult and very risky now to invest in bitcoin because of its popularity.

[RamonBTC]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

Yes and we have experienced it this past few weeks, the higher transaction fees and congestion on network that have to wait for days for one confirmation. That’s why many member are using free/paid acceleration services this days and been abused by some to get money/tip from those desperate clients. I’m still hopeful that the solution to this problem be made before it’s too late.

[TheGreatPython]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

There will be no negative consequences of increase in the demand of bitcoin. In fact, this will increase the market value of bitcoin as the most common consequence which you observe due to increase in the demand of anything is the increase in the market value of that thing. As the market value is increasing, so it is resulting in the market value of the bitcoin by much larger value.

[lenovo16]

Since bitcoin prices are extremely driven by supply and demand the price is affected greatly if the demand increases. The thing about it is that large swings in price will likely occur and once everybody who wants bitcoins already has their fill then it would be hard to sell it at high prices hence it could lead to price drops as well. Well this is actually ehat is happening right now. Volatility is still a problem because of the ever changing demand for bitcoins.

Yes I strongly agree with you buddy. The first factor that cause the change in price of bitcoin is the demand of it in the market.  And the reason why there was a shortage in the number of bitcoin , was because of the bitcoin earner that keeps on hoarding bitcoin, that cause shortage of it. And because there was a shortage, it will surely increase in price. While if the bitcoin earner are in the panic selling, surely the price of bitcoin fall down. Because of the exessive supply of BTC.

[tannerchum]

I think the Consequence's of increasing the demand to bitcoin is we have it called in economics Inflation it means the price and goods will be increasing too. Because Bitcoin is social desirability which is means an economic benefits. In that case people have income because they invest at the same time they will have savings for their future that is also one of the consequences of bitcoin if the demands goes high. 

[Kevin77]

I guess, the consequence of increading demand of bitcoin is that it becomes too expensive to afford even a single bitcoin.

Well, that would be for those who may see it as something that is too expensive to afford but I really do not see that as a negative effect.

Increasing demand is something that is expected in the long run when bitcoin becomes so easy to use as a currency than it just being an asset, but looking at the way things are presently, without the LN being deployed to solve the scaling issue, the lagging network and congestion, will end up making investors to lose interest.

[Tungsten-1]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

There will be no negative consequences of increase in the demand of bitcoin. In fact, this will increase the market value of bitcoin as the most common consequence which you observe due to increase in the demand of anything is the increase in the market value of that thing. As the market value is increasing, so it is resulting in the market value of the bitcoin by much larger value.

Agreed! the most basic principal which is being followed at almost each and every place is one and only demand and supply. Increase in demand of bitcoin will definitely result in the market value of bitcoin. The only thing which helped bitcoin to have this much of market value and fame all over the world is none other than that of increase in the interest of the people regarding bitcoin, thus increasing its demand.

[onrise]

For me there is no negative consequences of increasing demand to bitcoin,because the more bitcoin becomes popular the more the value will be increase😉

Nowdays bitcoin is being used for the investment purpose in the people portfolio. Like people do invest in stock, real estate etc so nowadays they also have the cypto currency as another option and since everyone want to make some profit they are investing and due to which its profits is increased which is a good thing for the people who has invested in it.

[annango]

The transactions will continue to rise if the demands goes up the price will go up and the fees will become a problem once again because miners can't mine fast with the huge rate of transactions per second. Also you'll get less bitcoin if the demand goes up in the future and the amount you bought might not be spendable if the fees become so expensive.

If bitcoin is becoming more and more popular in the future, it definitely gets a big issue and it makes many people who never use bitcoin feel confused. Absolutely, it strongly affect to our economy also our finance. I’m sure that most of us will start taking general investigation for btc’s market, then buying it. Yep because  its value, it will become more expensive. Most of us may spend time doing find information for bitcoin than others ,and it will look as if an important work in their life. That will lead to many people becoming unemployed. So it’s really a complicated issue if bitcoin is getting more and more popular.

[ajdaj]

For me there is no negative consequences of increasing demand to bitcoin,because the more bitcoin becomes popular the more the value will be increase😉

Nowdays bitcoin is being used for the investment purpose in the people portfolio. Like people do invest in stock, real estate etc so nowadays they also have the cypto currency as another option and since everyone want to make some profit they are investing and due to which its profits is increased which is a good thing for the people who has invested in it.

xil the owners of these portfolios are almost very strongly prone to panic moods, Because if someone starts to spread the information about the nearest drop of Bitcoin, then all very quickly and amicably begin to sell Bitcoin. It is already verified that in such a way they try to manipulate the market. But no one can predict the future of Bitcoin in the future.

[fireblond]

Increase in demand leads to increase in price which might seem as a good thing but we must not forget that those new to bitcoin could get confused by paying a thousand dollars just to get fractions of a bitcoin yet I'm all for slow demand increase and would rather see it grow slow and steady as it would give less reasons to be called a bubble.

[Washball]

If the demand increases the consequence will be that the price will be so high, that Bitcoin will be unaffordable. If bitcoin is then used for what it's meant for, the fees might also be too high. So, first of all the issues like too high fees and transaction speed must be solved first.

[cybersofts]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

There would be only prostration for those that sold their bitcoins now in the future. Bitcoin has limited supply of only 16.7 million in circulation worldwide. The demand of bitcoin is higher than the supply that is why the price will continue to go higher and higher.

[annango]

if you look at the increasingly popular effect of bitcoin, I think its price will increase higher due to the growing market demand, and it will be very difficult to find bitcoin because many people will try to find and save their bitcoin, transaction fee will increase and network transactions will get busier as many transactions will happen if bitcoin gets more popular, maybe there can be a tax withdrawal from the government for the income we earn from this virtual currency, just the guesswork

In my opinion, if the demands of investing bitcoin is getting more and more popular, it will affect both in positive and negative way. Of course, if there are too many people investing bitcoin, its price will always keep rising, so it leads to a difficult way to find and buy bitcoin and the same as that transaction will increase, too. However,if you think positively, it’s real interesting when bitcoin is used in popularity. There will have almost countries accept bitcoin like an official extra currency, we can use bitcoin to many things. But people will gradually keep an eye on it and may depend much on it. In any way, it’s really complicated that it becomes more popular.

[armansolis593]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

With the current system of bitcoin there will be huge negative effect that will come along with it, the higher the transaction that is being made from day to day the more congestive the network will get and we saw the result of it back in 2017, but i guess the popularity has been split with the alts and somehow bitcoin network is couping up with the demand.

[arpon11]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

If the demand for bitcoin keep increasing then you should expect the prices to rise too as the law of demand clearly stated this. The only problem that may occur in future is that this may couse inflation to set in. Bitcoin has made a lot of people rich and most of them don't even know what to used their earnings for. I think bitcoin price will never be stable as the demand keep increasing. If you go across most of the exchange platform you will testified to this, the demand rate is too high.

[coinplus]

I think we are now encountering the consequences of the increasing demand. The fees in transacting bitcoin is very high plus the confirmation process is very slow right now.

Looking at the question that the OP asked though, that should not be a negative effect. There is really no negative effect that the increase in demand can cause, except for those who could have wish they were given the time to accrue as much as they would have wanted to before the bull run starts because that is exactly what is going to end up happening with increase in demand.

[iqlimasyadiqa]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

I do not think there will be too many negative things, Bitcoin is a very profitable financial platform. Ease becomes a thing most depended on by bitcoin and digital currency. As more and more people are using Bitcoin it will make the Bitcoin price increase, this is the thing that will be the most influential and for me this is a very positive thing.

[thend1949]

I think we are now encountering the consequences of the increasing demand. The fees in transacting bitcoin is very high plus the confirmation process is very slow right now.

Looking at the question that the OP asked though, that should not be a negative effect. There is really no negative effect that the increase in demand can cause, except for those who could have wish they were given the time to accrue as much as they would have wanted to before the bull run starts because that is exactly what is going to end up happening with increase in demand.

I think its just normal that btc were decreasing now since some were back in trading but time will come that btc will set its new ATH soon like it always did before.

Well, the current situations that bitcoin has decreasing and increasing nowadays I think its based on how an investors decide. Some of them got panicked and some were not into a positive vision of holding for long term. Short term traders will have to dump their assets quickly as long as they've seen the good price is already their, the opportunity was always grabbed for good. Those consequences that happened after an increasing demand here, I think that it would create chaos and more speculative ideas like bubble price expectations from frustrated investors.

[richardsNY]

I think bitcoin price will never be stable as the demand keep increasing.

There will be a point where this market has turned into a developed market of such a level, that we'll likely see it mimic gold's market, or that of other major traditional assets. It won't stay as free as it is for ever, and we have already experienced the impact of the first regulations. At some point exchanges will act like stock markets when it comes to the rules they are subject to. It's just a matter of time before we'll get certain market safety measures where if the price drops with 5-10% in a matter of whatever time frame, that trading will be paused for a few minutes. Over time, it will make the market movers adjust their actions to fit within these limitations, which basically happened in every other market as well.

[skorupi17]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

Increasing demand may lead to exponential growth of price and increase in the number of transaction per second. With this 2 results alone, we can draw several issues already. First is with respect to the speed of transaction confirmation. The blockchain being congested with transactions would result to longer waiting time especially to those who uses lower transaction fees. This also leads to another problem, the transaction fee. Transaction fee would probably increase in value due to blockchain congestion and bitcoin price increase.

These issues might be coped when the time comes but if not, this is a serious matter. We all want Bitcoin to gain more popularity but if the issue worsen, we might wished Bitcoin stays cheap as possible.

[chrmn27]

Increasing demand of bitcoin will trigger a tremendous increase in its price. Since more and more people go after it, sellers will have a good time enjoying bigger profits from selling bitcoin.

[South Park]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

The only negative effect is that bitcoin will become incredibly expensive, if demand doubled overnight, the price will not double it could go up ten times, because many people will not sell and will keep holding making the supply even lower and the prices even higher.

[peter0425]

Increasing demand of bitcoin will trigger a tremendous increase in its price. Since more and more people go after it, sellers will have a good time enjoying bigger profits from selling bitcoin.

If you have bought bitcoin at dips then selling it at a high price will definitely earn you a lot of money. Imagine how much you will gain if you bought it at $1K and the price goes to $50K this year. You will become instant millionaires. That's why its really better to hodl on bitcoin for longer terms.

As far as the consequences of increasing demand, bitcoin will grow exponentially but there will be serious issues on high transaction fees. I think we can't get out of that situation, as long as bitcoin growing, transaction fees will increase as well. It's going to be included as package. That's one of the drawback that I'm seeing that may happen in the future.

[South Park]

I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands.

If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be.

I don't want to waste any of your time, so I'm merely going to explain what happened.

On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency.

There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the mean person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel.

"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.

In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin.

Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money.

The four institutions with the largest still accessible Bitcoin balance are believed to be as following:

-ASICminer - 50,000 Bitcoin

-The IMF's "currency stabilization fund" - 70,000 Bitcoin

-Government of Saudi Arabia - 110,000 Bitcoin

-The North Korean government - 180,000 Bitcoin

Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.

What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations.

Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password.

Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed.

In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it.

You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance.

Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite.

This is also the reason we contacted you.

It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies.

However, I have seen where it ends.

I do not know if you wrote this or copied from some other source, but I think you should start a thread with it, it is a good read, obviously I do not agree with most of it but it is a dystopian view of what it may happen when people do not have to give any part of their wealth to society.

[harizen]

Is there any negative effects to bitcoin if it becomes more popular than it is now?

The only negative effect is that bitcoin will become incredibly expensive, if demand doubled overnight, the price will not double it could go up ten times, because many people will not sell and will keep holding making the supply even lower and the prices even higher.

How come it was a negative thing if bitcoin having an expensive price?

If that is the case then no worries if people will only buy a small fraction of it because at the end, still it's making sense to do hold because of the expected profits later on. And for traders or regular BTC earners, that's a great thing so why considered that as a negative. Negative for new investors? Still no. Because with the price surging more, they will think that it's really reasonable for them to enter at any current price. Not an assurance that they can get a decent profit later but surely they understand the risks the moment they enter the game so they need to managed it well properly.